3 Bed Terraced House, Single Let, Salford, M6 5LQ, £190,000

Spring Gardens, Salford, M6 5LQ - 3 views - 2 months ago

Sold STC
BTL
ROI: 7%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£53.5K - £280K
Sold Prices/m²£1.5K/m² - £3.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£213,186
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Total Cash In

£54,400

 

 

Cash Out

 

Rent Range

£999 - £3,900

Rent Estimate

£1,178

Running Costs/mo

£849

Cashflow/mo

£329

Cashflow/yr

£3,944

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £53.5K to £280K, average is £204.8K. £1.5K/m² to £3.8K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£53.5K04/240.08 mi255, Langworthy Road, Salford, Greater Manchester M6 5PQ3
£230K03/240.12 mi33, Tenbury Close, Salford, Greater Manchester M6 5BJ3
£190K03/210.12 mi8, Tenbury Close, Salford, Greater Manchester M6 5BJ3
£220K11/210.12 mi20, Tenbury Close, Salford, Greater Manchester M6 5BJ3
£218K03/240.12 mi27, Tenbury Close, Salford, Greater Manchester M6 5BJ3
£160K11/200.12 mi259, Langworthy Road, Salford, Greater Manchester M6 5NP3
£230K06/230.17 mi2, Springwell Close, Salford, Greater Manchester M6 5PB3
£232K04/230.17 mi1, Springwell Close, Salford, Greater Manchester M6 5PB3
£185K04/230.18 mi11, Nona Street, Salford, Greater Manchester M6 5PG3
£178K11/210.18 mi27, Reservoir Street, Salford, Greater Manchester M6 5WB3
£158K03/210.2 mi17, Grange Street, Salford, Greater Manchester M6 5PR3
£201.5K07/230.2 mi12, Grange Street, Salford, Greater Manchester M6 5PR3
£180.3K07/210.2 mi38, Grange Street, Salford, Greater Manchester M6 5PR3
£250K07/230.2 mi4, Fairbrook Drive, Salford, Greater Manchester M6 5PA3
£195.5K11/200.2 mi1, Castledene Avenue, Salford, Greater Manchester M6 8RY3
£200K02/210.22 mi303, Langworthy Road, Salford, Greater Manchester M6 7AG3
£211K01/240.22 mi3, Seedley Park Road, Salford, Greater Manchester M6 5WR3
£166K01/240.23 mi258, Langworthy Road, Salford, Greater Manchester M6 7AQ3
£238K03/230.23 mi14, Greenbank Road, Salford, Greater Manchester M6 8RG3
£250K08/230.23 mi11, Greenbank Road, Salford, Greater Manchester M6 8RG3
£225K05/210.24 mi21, Sandy Lane, Salford, Greater Manchester M6 8RB3
£179K03/210.25 mi104, Fitzwarren Street, Salford, Greater Manchester M6 5RS3
£165.8K07/230.27 mi14, Seedley View Road, Salford, Greater Manchester M6 5WS3
£215K11/200.27 mi5, Seedley View Road, Salford, Greater Manchester M6 5WS3
£221K05/230.3 mi132, Seedley Terrace, Salford, Greater Manchester M6 8RN3
£186K04/210.32 mi3, Arbour Close, Salford, Greater Manchester M6 7DT3
£212K04/240.32 mi28, Brentwood, Salford, Greater Manchester M6 8RJ3
£235K04/230.32 mi46, Blodwell Street, Salford, Greater Manchester M6 5RX3
£280K03/210.33 mi2, Sorrel Bank, Salford, Greater Manchester M6 7DH3
£207.5K04/220.34 mi105, Derby Road, Salford, Greater Manchester M5 5LE3
£186.5K04/230.34 mi6, Langton Street, Salford, Greater Manchester M6 5PX3
£150K12/200.34 mi109, Derby Road, Salford, Greater Manchester M5 5LE3
£182K12/200.37 mi10, Lostock Road, Salford, Greater Manchester M5 5LH3
£188K02/210.37 mi3, Lostock Road, Salford, Greater Manchester M5 5LH3
£202K12/200.37 mi23, Lostock Road, Salford, Greater Manchester M5 5LH3
£275K02/230.38 mi136, Derby Road, Salford, Greater Manchester M5 5BB3
£265K10/220.38 mi6, Castleway, Salford, Greater Manchester M6 7DW3
£245K07/240.38 mi53, Eccles Old Road, Salford, Greater Manchester M6 8RF3
£185.5K06/210.38 mi49, Eccles Old Road, Salford, Greater Manchester M6 8RF3
£260K11/220.38 mi46, Castleway, Salford, Greater Manchester M6 7DW3
£142.5K11/200.41 mi13, Maurice Street, Salford, Greater Manchester M6 7DG3
£225K03/230.41 mi24, Maurice Street, Salford, Greater Manchester M6 7DG3
£210K02/220.42 mi20, The Mead, Salford, Greater Manchester M5 5LL3
£175K02/210.43 mi14, Castleway, Salford, Greater Manchester M6 7AN3
£217.8K03/230.43 mi32, Castleway, Salford, Greater Manchester M6 7AN3
£180.5K08/220.43 mi34, Martin Street, Salford, Greater Manchester M5 5JZ3
£230K10/220.43 mi47, Castleway, Salford, Greater Manchester M6 7AL3
£175.1K01/210.43 mi11, Martin Street, Salford, Greater Manchester M5 5JZ3
£180K04/210.43 mi25, Gore Crescent, Salford, Greater Manchester M5 5LZ3
£267K01/230.44 mi29, Castleway, Salford, Greater Manchester M6 7AL3

Local Rents

50 rents from £999/mo to £3.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,75505/240.04 miOsborne Street, Salford, M6 5LG3
£1,45001/250.04 mi-3
£1,69506/240.04 mi-3
£1,39505/240.13 miEdumnd Street, Salford M63
£1,20002/240.15 mi-3
£1,90006/240.16 mi-3
£1,60006/240.16 mi-3
£1,60003/250.16 mi-3
£1,47505/240.17 miSpringwell Close, Salford, M63
£1,35003/250.19 mi-3
£1,15005/240.2 miGrange Street, Salford3
£1,20005/240.23 miGreenbank Road, Langworthy, Salford, M63
£1,30005/240.24 miGreenbank Road, Salford, Greater Manchester, M63
£1,55005/240.24 miNansen Street, Salford, Manchester3
£1,20005/240.25 miFitzwarren Street, Salford3
£1,69005/240.26 miFitzwarren Street, Salford3
£1,20003/250.26 mi-3
£1,42502/240.26 mi-3
£1,60012/240.27 mi-3
£1,75012/240.27 mi-3
£2,20005/240.27 mi-3
£2,00006/240.27 mi-3
£1,69502/250.27 mi-3
£1,56002/240.28 mi-3
£1,65012/240.28 mi-3
£2,60005/240.29 mi-3
£3,50006/240.29 mi-3
£3,50001/250.29 mi-3
£3,50001/250.29 mi-3
£3,29501/250.3 mi-3
£1,90505/240.32 miLyndhurst Street, Salford, M63
£1,90505/240.32 miLyndhurst Street, Salford, M63
£1,50006/240.33 mi-3
£1,60002/250.33 mi-3
£1,80005/240.33 miWythburn Street, Pendleton, Salford, M63
£1,40006/240.34 miBlodwell Street, Salford3
£99912/240.35 mi-3
£1,40005/240.36 miLangshaw Street, Salford, Greater Manchester, M63
£1,50003/250.36 mi-3
£1,30003/250.36 mi-3
£1,27803/250.36 mi-3
£1,10005/240.36 miLangworthy Road, Salford3
£1,50005/240.38 miLangshaw Street, Salford, M63
£1,45003/250.38 mi-3
£1,60005/240.39 miAthole Street, Salford, Greater Manchester, M53
£3,49001/250.4 mi-3
£1,50005/240.4 mi-3
£1,55002/250.4 mi-3
£3,90005/240.41 mi-3
£1,50005/240.41 miAmersham Street, Salford3

Local Area Statistics

Population in M6

31,268

Population in Salford

88,697

Town centre distance

1.25 miles away

Nearest school

0.10 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+58%

Property History

Listed for £190,000

January 16, 2025

Floor Plans

Description

  • Large three bedroom end terrace +
  • In a prime location with fantastic amenities close by +
  • Spacious dining area and separate lounge +
  • Well presented kitchen +
  • Modern three piece bathroom +
  • On street parking +
  • Fantastic transport links in the area provide easy access to the city centre and Salford quays, Salford Royal Hospital and a range of amenities. +
  • Contact us today to secure your viewing ! +

This large 3 bedroom end of terrace house is a must see property in a prime location with fantastic amenities close by. Boasting spacious rooms throughout, this property presents a wonderful opportunity for families, investors, or anyone looking for a comfortable and convenient living space. As you step through the front door, you are greeted by an entrance space and to the right a large lounge area, The spacious dining area opposite to the lounge offers plenty of room for family meals or social gatherings. This follows through to the well-presented kitchen which hosts plenty of storage and space for appliances. Upstairs, you will find three generously sized bedrooms and the modern three-piece bathroom suite. Conveniently located, this property benefits from on-street parking, and the fantastic transport links in the area provide easy access to the city centre and Salford quays, Salford Royal Hospital and a range of amenities. Don't miss out on the opportunity to make this house your home! Whether you are looking to invest, or find the perfect family residence, contact us today to secure your viewing !

EPC Rating: D

Agent Details

Hills, Eccles

0161 707 4900

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪