2 Bed Flat, Single Let, Salford, M5 4UW £110,000

Kielder Square, Eccles New Road, Salford, M5 4UW - 5 views - a year ago
Sold STC
Leasehold
Auction
BTL
ROI: 4%
~59 m²
Property image

ValuationUndervalued

Sold Prices£115K - £260K
Sold Prices/m²£2.3K/m² - £5.7K/m²

 

 

Square Metres

~59 m²
Price/m²£1.9K/m²

Value Estimate

£137,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Total Cash In

£34,200

 

 

Cash Out

 

Rent Range

£600 - £1,400

Rent Estimate

£606

Running Costs/mo

£485

Cashflow/mo

£121

Cashflow/yr

£1,453

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £115K to £260K, average is £200.6K. £2.3K/m² to £5.7K/m², average is £3.2K/m².

Price
Date
Distance
Address
Beds
 
£117.5K11/210 miFlat 23, Kielder Square, Eccles New Road, Salford, Greater Manchester M5 4UL2
£132K07/250.04 mi2, Ellishaw Row, Eccles New Road, Salford M5 4UJ2
£127.5K06/210.05 miFlat 1, Elishaw Row, Eccles New Road, Salford, Greater Manchester M5 4UJ2
£137K11/230.05 miFlat 21, Elishaw Row, Eccles New Road, Salford, Greater Manchester M5 4UJ2
£115K06/210.07 miFlat 25, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG2
£136.8K04/230.07 miFlat 31, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG2
£137.5K05/230.07 miFlat 37, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG2
£136K12/220.07 miFlat 36, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG2
£150K08/230.07 miFlat 11, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG2
£145K11/220.13 miFlat 1, Wearhead Row, Eccles New Road, Salford, Greater Manchester M5 4UH2
£170K11/240.14 mi6, Apartment 36, Langworthy Road, Salford M5 4HE2
£140K07/230.18 miFlat 49, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4US2
£150.5K05/220.2 miFlat 15, Ailsa House, Langworthy Road, Salford, Greater Manchester M6 5SW2
£162.5K12/240.25 mi56 Lexington Court, Apartment 112, Broadway, Salford M50 2UG2
£160K03/250.28 miApartment 312, 52 Madison Court, Broadway, Salford M50 2UD2
£216K06/250.37 mi6, Field Street, Salford M6 5EY2
£216K06/250.37 mi6, Field Street, Salford M6 5EY2
£179K06/250.41 miApartment 911, 9 Michigan Point Tower A, Michigan Avenue, Salford M50 2HA2
£205K12/240.41 mi9 Michigan Point Tower A, Apartment 811, Michigan Avenue, Salford M50 2HA2
£205K03/250.41 miApartment 1807, 9 Michigan Point Tower A, Michigan Avenue, Salford M50 2HD2
£215K04/250.41 miApartment 2301, 9 Michigan Point Tower A, Michigan Avenue, Salford M50 2HD2
£135K01/250.41 mi9 Michigan Point Tower A, Apartment 2408, Michigan Avenue, Salford M50 2HD2
£179K06/250.41 miApartment 911, 9 Michigan Point Tower A, Michigan Avenue, Salford M50 2HA2
£230K09/240.43 mi71, Reservoir Street, Salford M6 5NB2
£210K12/240.43 miMillennium Point, Apartment 803, The Quays, Salford M50 3SE2
£240K03/250.48 mi168, 100 Nv Buildings, The Quays, Salford M50 3BE2
£195K01/230.51 mi145, Labrador Quay, Salford, Greater Manchester M50 3YH2
£230K04/250.51 mi159, Labrador Quay, Salford M50 3YH2
£230K04/250.51 mi159, Labrador Quay, Salford M50 3YH2
£235.1K05/250.51 mi141, Labrador Quay, Salford M50 3YH2
£235.1K05/250.51 mi141, Labrador Quay, Salford M50 3YH2
£190K04/250.51 mi1, 96 Nv Buildings, The Quays, Salford M50 3BB2
£190K04/250.51 mi1, 96 Nv Buildings, The Quays, Salford M50 3BB2
£212K12/220.52 mi43, Labrador Quay, Salford, Greater Manchester M50 3YH2
£260K04/250.52 mi52, St Lawrence Quay, Salford M50 3XT2
£260K04/250.52 mi52, St Lawrence Quay, Salford M50 3XT2
£255K11/220.52 mi119, Labrador Quay, Salford, Greater Manchester M50 3YH2
£210K05/230.52 mi171, Labrador Quay, Salford, Greater Manchester M50 3YH2
£196.2K06/250.54 miApartment 901, 5 Block A, Red, Media City, Salford M50 2AN2
£196.2K06/250.54 miApartment 901, 5 Block A, Red, Media City, Salford M50 2AN2
£245K04/250.55 miApartment 198, 94 City Lofts, The Quays, Salford M50 3TZ2
£245K04/250.55 miApartment 198, 94 City Lofts, The Quays, Salford M50 3TZ2
£222K05/250.55 miApartment 52, 94 City Lofts, The Quays, Salford M50 3TS2
£222K05/250.55 miApartment 52, 94 City Lofts, The Quays, Salford M50 3TS2
£240K09/210.56 mi44, Vancouver Quay, Salford M50 3TU2
£177K07/250.56 miApartment 901, Number One, Pink, Media City, Salford M50 2BA2
£170K06/250.56 miApartment 805, Number One, Pink, Media City, Salford M50 2BA2
£205K09/210.56 mi71, Vancouver Quay, Salford, Greater Manchester M50 3TU2
£210K12/240.57 mi67, St Lawrence Quay, Salford, Greater Manchester M50 3XT2
£240K12/220.57 mi15, St Lawrence Quay, Salford, Greater Manchester M50 3XT2

Local Rents

50 rents from £600/mo to £1.4K/mo, average is £1.1K/mo.

Rent
Date
Distance
Address
Beds
 
£99506/250 miKielder Square, Eccles New Road, Salford, M52
£99511/250 miKielder Square, Eccles New Road, Salford, M52
£1,10010/250 miKielder Square, Eccles New Road, Salford, M5 4UL2
£99505/250 mi-2
£1,40010/250 mi-2
£63008/250 miSt James Park, Manchester, M52
£1,09507/250 mi-2
£1,40010/250 mi-2
£1,00012/240 mi-2
£1,10012/240 mi-2
£1,15012/240 mi-2
£99501/250 mi-2
£1,05003/250 mi-2
£1,10008/250 mi-2
£1,29911/250 mi-2
£1,10008/250 miKielder Square, Salford, M52
£1,29911/250 miKielder Square, Salford, M52
£1,10012/240 miKielder Square, Salford, M5 4UW2
£1,15005/240 miKielder Square, Eccles New Road, Salford, M5 4UL2
£1,10007/250 miKielder Square, Eccles New Road, Salford, M5 4UL2
£67508/250 miKielder Square, Eccles New Road, Eccles2
£1,02505/250 miKielder Square, Eccles New Road, Salford, M52
£1,10011/250.02 miEccles New Road, Manchester, M52
£1,40006/240.02 mi-2
£1,40010/250.02 mi-2
£1,10005/240.03 mi-2
£1,07505/240.03 miKielder Square, Salford, M52
£1,05009/250.04 miEccles New Road, Salford2
£60006/250.04 mi-2
£1,25006/250.04 miEccles New Road, Salford, M52
£60006/250.04 miEccles New Road, Salford, M52
£62507/250.05 miEllishaw Row, Eccles New Road2
£85008/250.07 miEccles New Road, Salford, Greater Manchester, M52
£1,05005/240.07 miEccles New Road, Manchester, Greater Manchester, M52
£99508/250.07 miFlat 55, Melmerby Court2
£99508/250.07 miEccles New Road, Manchester, Greater Manchester, M52
£1,20008/250.08 miThe Interchange, Salford, M52
£99004/250.08 mi-2
£1,10007/250.08 mi-2
£1,10007/250.08 miMelmerby Court, Salford, M52
£97507/250.08 miMelmerby Court, Salford2
£1,20010/250.08 miMelmerby Court, Eccles New Road, Salford, M5 4UG2
£1,10005/240.08 mi-2
£1,15005/240.08 mi-2
£1,25006/240.08 mi-2
£95006/250.08 mi-2
£1,40011/250.08 mi-2
£1,10007/240.08 mi-2
£1,10005/240.08 miMelmerby Court, Salford, M52
£99506/250.08 miMelmerby Court, Salford, M52

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

1.77 miles away

Nearest school

0.30 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Buyer's market

Capital growth (5yrs)

-2%

Property History

Price changed to £110,000

February 12, 2025

Listed for £118,000

January 7, 2025

Floor Plans

Property image

Description

  • Great Investment +
  • First Time Mortgage Buyers Welcome +
  • Secure Allocated Parking +
  • Spacious Living Room +
  • Fitted Kitchen +
  • Two Double Bedrooms +
  • Modern Bathroom +
  • Ground Floor +
  • Residents Gym +
  • Communal Gardens +

This ground floor apartment located within this established development which is within easy commutable distance of the City Centre, Salford Quays and walking distance to MediaCityUK.

There are excellent access routes that filter out of this well maintained development which consists of a residents gym and leisure facilities along with pleasant landscaped communal gardens. The property also benefits from Gas central heating throughout and comes inclusive of an allocated parking space.

The apartment briefly comprises: entrance hallway, bright living room, separate kitchen, two double bedrooms and modern three piece bathroom suite.

EPC Rating - C. Subject to Contract.

This property is for sale by the Modern Method of Auction. Should you view, offer, or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability, and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

You may be recommended services by the Agent/IAM-Sold. Recommended services are optional and the Agent or IAM-Sold will receive payment from the provider where recommended services are taken. As such you should consider your options before accepting recommended services.

Agent Details

Thornley Groves, Manchester Southern Gateway

0161 524 4726

Next Steps?

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