3 Bed Semi-Detached House, Refurb/BRRR, Salford, M6 8BL, £180,000

Woodside Drive, Salford, Greater Manchester, M6 8BL - 6 views - 2 months ago

Auction
Refurb/BRRR
ROI: 6%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£150K - £550K
Sold Prices/m²£1.7K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£209,335

 

 

End Value (After Refurb)

£232,893

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£7,560

Refurb Costs

£39,428

Bridging Loan Interest

£4,725

Total Cash In

£98,463

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£232,893

Mortgage (After Refinance)

£174,669

Mortgage LTV

75%

Cash Released

£39,669

Cash Left In

£58,794

Equity

£58,223

Rent Range

£659 - £3,600

Rent Estimate

£1,659

Running Costs/mo

£1,080

Cashflow/mo

£579

Cashflow/yr

£6,953

ROI

7%

Gross Yield

11%

Local Sold Prices

51 sold prices from £150K to £550K, average is £212K. £1.7K/m² to £4K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£250K06/230.02 mi4, Woodside Drive, Salford, Greater Manchester M6 8BL3
£222K06/210.03 mi7, Princeton Close, Salford, Greater Manchester M6 8QL3
£265K09/230.03 mi2, Princeton Close, Salford, Greater Manchester M6 8QL3
£275K10/220.03 mi12, Princeton Close, Salford, Greater Manchester M6 8QL3
£260K04/210.06 mi10, Harvard Grove, Salford, Greater Manchester M6 8GT3
£258K08/230.06 mi25, Harvard Grove, Salford, Greater Manchester M6 8GT3
£227K04/210.09 mi8, De La Salle Way, Salford, Greater Manchester M6 8ER3
£305K09/210.1 mi2, Hopefield Drive, Salford, Greater Manchester M6 8EA3
£330K05/210.11 mi4, Ellastone Road, Salford, Greater Manchester M6 8QR3
£400K08/230.14 mi7, Prestwood Road, Salford, Greater Manchester M6 8GG3
£400K12/230.14 mi2, Prestwood Road, Salford, Greater Manchester M6 8GG3
£550K06/230.15 mi112, Eccles Old Road, Salford, Greater Manchester M6 8QQ3
£212K07/240.15 mi32, Wentworth Avenue, Salford, Greater Manchester M6 8BX3
£245K03/230.19 mi3, Shipley Avenue, Salford, Greater Manchester M6 8BZ3
£225K08/230.19 mi1, Shipley Avenue, Salford, Greater Manchester M6 8BZ3
£240K03/210.19 mi1a, Gloucester Road, Salford, Greater Manchester M6 8PP3
£225K03/210.19 mi9, Gloucester Road, Salford, Greater Manchester M6 8PP3
£200K06/210.19 mi8, Gloucester Road, Salford, Greater Manchester M6 8PP3
£203K02/230.19 mi18, Gloucester Road, Salford, Greater Manchester M6 8PP3
£437K06/230.21 mi36, Lullington Road, Salford, Greater Manchester M6 8QP3
£346K06/230.21 mi38, Lullington Road, Salford, Greater Manchester M6 8QP3
£346K06/230.21 mi38, Lullington Road, Salford, Greater Manchester M6 8QP3
£169K10/200.21 mi48, Fairhope Avenue, Salford, Greater Manchester M6 8AD3
£171K08/210.21 mi21, Winchester Road, Salford, Greater Manchester M6 8PQ3
£185K12/200.21 mi19, Winchester Road, Salford, Greater Manchester M6 8PQ3
£183K11/200.21 mi15, Winchester Road, Salford, Greater Manchester M6 8PQ3
£185K05/210.21 mi33, Winchester Road, Salford, Greater Manchester M6 8PQ3
£212K11/210.22 mi2, Hopecourt Close, Salford, Greater Manchester M6 8AS3
£230K09/230.22 mi3, Hopecourt Close, Salford, Greater Manchester M6 8AS3
£175K04/210.22 mi1, Bridlington Avenue, Salford, Greater Manchester M6 8BP3
£187K12/200.23 mi26, Winchester Road, Salford, Greater Manchester M6 8PG3
£170K03/210.23 mi20, Winchester Road, Salford, Greater Manchester M6 8PG3
£170K06/210.23 mi36, Winchester Road, Salford, Greater Manchester M6 8PG3
£202K02/230.23 mi18, Winchester Road, Salford, Greater Manchester M6 8PG3
£150K11/200.23 mi13, Mayfair Avenue, Salford, Greater Manchester M6 8AF3
£173K04/210.24 mi16, Graham Road, Salford, Greater Manchester M6 8PS3
£196K11/200.24 mi2, Graham Road, Salford, Greater Manchester M6 8PS3
£173K04/210.24 mi16, Graham Road, Salford, Greater Manchester M6 8PS3
£165.5K04/210.24 mi29, Graham Road, Salford, Greater Manchester M6 8PS3
£200K08/210.24 mi39, Graham Road, Salford, Greater Manchester M6 8PS3
£228K02/240.24 mi20, Graham Road, Salford, Greater Manchester M6 8PS3
£166K12/200.25 mi37, Cholmondeley Road, Salford, Greater Manchester M6 8NH3
£260K08/210.25 mi14, Cholmondeley Road, Salford, Greater Manchester M6 8NH3
£190K03/230.25 mi8, Selby Drive, Salford, Greater Manchester M6 8AX3
£190K03/210.26 mi1, Guildford Road, Salford, Greater Manchester M6 8PT3
£175K06/230.26 mi39, Guildford Road, Salford, Greater Manchester M6 8PT3
£220K02/240.26 mi3, Guildford Road, Salford, Greater Manchester M6 8PT3
£200K01/240.27 mi6, Wortley Avenue, Salford, Greater Manchester M6 8DB3
£167K06/210.28 mi52, Meadowgate Road, Salford, Greater Manchester M6 8DR3
£287K11/210.29 mi59, Cholmondeley Road, Salford, Greater Manchester M6 8PR3
£220K09/200.3 mi5, Weaste Drive, Salford, Greater Manchester M5 5LU3

Local Rents

50 rents from £659/mo to £3.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,70003/250.12 mi-3
£1,25006/240.22 miWinchester Road, Salford3
£1,45006/240.22 mi-3
£3,60003/250.22 mi-3
£1,40005/240.23 mi-3
£1,37505/240.25 mi-3
£1,37505/240.25 miGraham Road, Salford, M63
£99505/240.26 miGuildford Road, Salford3
£1,30002/240.3 mi-3
£1,40005/240.31 miLight Oaks Road, Salford, M63
£1,40006/240.31 mi-3
£1,35003/250.33 mi-3
£1,70005/240.34 miLancaster Road, Salford3
£1,20005/240.35 miWhitegate Drive, Seedley, Salford, M53
£1,29512/240.38 mi-3
£1,85505/240.39 miKennedy Road, Salford, M53
£1,30006/240.39 miCaldy Road, Salford3
£1,15005/240.39 miBarff Road, Salford3
£1,30005/240.4 miKingsford Street, Salford3
£2,20006/240.4 mi-3
£2,20005/240.4 miEmerson Street, Salford, M53
£2,40005/240.4 mi-3
£2,40005/240.4 mi-3
£1,35012/240.41 mi-3
£1,39506/240.42 mi-3
£1,60002/240.42 mi-3
£1,55005/240.42 mi-3
£1,55005/240.42 miLomas Close, Manchester, M53
£2,50005/240.42 mi-3
£1,90002/250.42 mi-3
£1,50005/240.42 miKingsford Street M53
£1,18002/250.43 mi-3
£1,15005/240.44 miBarff Road, Salford3
£3,22505/240.48 mi-3
£1,20002/250.48 mi-3
£1,30003/250.51 mi-3
£1,15005/240.54 miHalstead Avenue, Salford3
£3,50001/250.55 mi-3
£1,30003/250.55 mi-3
£65903/250.56 mi-3
£1,29505/240.56 miDuffield Road, Salford3
£1,30003/250.56 mi-3
£1,65006/240.56 mi-3
£1,65005/240.56 miChaplin Close, Manchester, M63
£1,56005/240.57 mi20 Peacock Avenue, Salford, M6 7FP3
£1,30005/240.57 miElleray Road, Salford3
£1,80002/250.57 mi-3
£1,75505/240.57 miNorbury Avenue, Salford, M6 7EG3
£1,40012/240.58 mi-3
£1,20002/240.59 mi-3

Local Area Statistics

Population in M6

31,268

Population in Salford

88,697

Town centre distance

1.02 miles away

Nearest school

0.10 miles away

Nearest train station

0.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+58%

Property History

Price changed to £180,000

February 20, 2025

Listed for £212,000

January 23, 2025

Floor Plans

Description

  • For Sale by Modern Auction – T & C’s apply +
  • Subject to Reserve Price +
  • Buyers fees apply +
  • The Modern Method of Auction +
  • Full renovation required +
  • Calling all investors +
  • Renovate your own home to your liking +
  • Good sized rear garden +
  • Driveway +
  • Close to Salford Quays +

A perfect opportunity has risen to fully renovate your own property exactly to your liking or to make a great renovation project investment. The property also boasts a good sized garden to the rear and a driveway to the front.

Internally the property briefly consists of entrance hall, open plan living room / dining room, extended kitchen, 3 bedrooms and a bathroom.

The property is ideally located close to Salford Quays and provides easy access to Manchester City Centre. Both of these can be accessed by road or by tram, the closes tram stop being Langworthy Tram Stop. There are also plenty of good schools in the area and plenty of parks nearby including Buile Hill Park.

The property currently has an EPC grade of D and a council tax band of B.

To be sold with NO CHAIN there's nothing stopping you making a bid on this property and working some magic to turn it into a beautiful family home.

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation
Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information
Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase
price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the
service is taken. Payment varies but will be no more than £450. These services are optional.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

SAF240456/2

Agent Details

Reeds Rains, Salford

0161 524 9343

Next Steps?

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