2 Bed Flat, Single Let, Salford, M5 3LN, £145,000

Endeavour House 1B, Elmira Way, Salford, M5 3LN - 3 views - 2 months ago

Leasehold
Auction
BTL
ROI: 15%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£102K - £263K
Sold Prices/m²£1.7K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£174,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£5,550

Total Cash In

£41,800

 

 

Cash Out

 

Rent Range

£1,100 - £2,600

Rent Estimate

£1,250

Running Costs/mo

£723

Cashflow/mo

£527

Cashflow/yr

£6,323

ROI

15%

Gross Yield

10%

Local Sold Prices

50 sold prices from £102K to £263K, average is £193.5K. £1.7K/m² to £4.4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£178K03/230.13 mi15, Radclyffe Mews, Salford, Greater Manchester M5 3GD2
£170K02/230.13 mi17, Radclyffe Mews, Salford, Greater Manchester M5 3GD2
£153.5K03/210.21 mi41, Greenwood Terrace, Salford, Greater Manchester M5 3GH2
£155K09/200.22 mi37, Greenwood Terrace, Salford, Greater Manchester M5 3GH2
£263K12/230.22 mi44, Merchants Quay, Salford, Greater Manchester M50 3XR2
£250K10/210.29 mi62, Merchants Quay, Salford, Greater Manchester M50 3XG2
£210K10/200.29 mi88, Merchants Quay, Salford, Greater Manchester M50 3XG2
£210K10/200.29 mi88, Merchants Quay, Salford, Greater Manchester M50 3XG2
£188K10/200.3 mi76, St Lawrence Quay, Salford, Greater Manchester M50 3XU2
£238.5K10/230.3 mi70, St Lawrence Quay, Salford, Greater Manchester M50 3XU2
£198K10/230.3 mi76, St Lawrence Quay, Salford, Greater Manchester M50 3XU2
£195K01/230.31 mi145, Labrador Quay, Salford, Greater Manchester M50 3YH2
£196K10/200.31 mi25, Labrador Quay, Salford, Greater Manchester M50 3YH2
£208K05/210.31 mi111, Labrador Quay, Salford, Greater Manchester M50 3YH2
£197K12/200.31 mi107, Labrador Quay, Salford, Greater Manchester M50 3YH2
£192K01/210.31 mi153, Labrador Quay, Salford, Greater Manchester M50 3YH2
£204K03/210.31 mi141, Labrador Quay, Salford, Greater Manchester M50 3YH2
£255K11/220.31 mi119, Labrador Quay, Salford, Greater Manchester M50 3YH2
£210K05/230.31 mi171, Labrador Quay, Salford, Greater Manchester M50 3YH2
£188K10/200.31 mi76, St Lawrence Quay, Salford, Greater Manchester M50 3XU2
£212K12/220.32 mi43, Labrador Quay, Salford, Greater Manchester M50 3YH2
£240K12/220.33 mi15, St Lawrence Quay, Salford, Greater Manchester M50 3XT2
£240K09/210.36 mi44, Vancouver Quay, Salford, Greater Manchester M50 3TU2
£205K09/210.36 mi71, Vancouver Quay, Salford, Greater Manchester M50 3TU2
£209.5K11/200.36 mi70, Vancouver Quay, Salford, Greater Manchester M50 3TU2
£228K05/210.42 mi16, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£260K12/200.42 mi53, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£200K06/210.42 mi24, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£230K05/210.42 mi41, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£190K04/210.42 mi49, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£210K03/240.55 miImperial Point, Apartment 812, The Quays, Salford, Greater Manchester M50 3RB2
£153K12/230.58 miRenolds House, Apartment 19, Everard Street, Salford, Greater Manchester M5 4UB2
£114K11/230.58 miApartment 1, Renolds House, Everard Street, Salford, Greater Manchester M5 4UB2
£180K12/220.61 miApartment 47, Slater House, Woden Street, Salford, Greater Manchester M5 4UE2
£136.1K01/230.65 miFlat 66, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K03/230.65 miFlat 102, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£102K03/210.65 miFlat 101, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K07/230.65 miFlat 90, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£110K11/200.67 miFlat 41, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£150K11/220.67 miFlat 42, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£173K11/210.69 miApartment 72, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£171.5K07/210.69 miApartment 49, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£122K05/210.7 miFlat 15, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4US2
£140K07/230.7 miFlat 49, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4US2
£112.5K01/210.7 miFlat 73, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4UT2
£200K01/230.71 miApartment 1905, Number One, Pink, Media City Uk, Salford, Greater Manchester M50 2BB2
£127.5K07/230.71 miFlat 11, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£130K05/230.71 miFlat 2, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£128K02/210.71 miFlat 19, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£200K06/230.71 miApartment 403, Number One, Pink, Media City Uk, Salford, Greater Manchester M50 2BA2

Local Rents

51 rents from £1.1K/mo to £2.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20005/240 miEndeavour House, 1b Elmira Way, M52
£1,15005/240 miEndeavour House, 1b Elmira Way, M52
£1,15005/240 miEndeavour House, 1b Elmira Way, M52
£1,20006/240 miEndeavour House, 1b Elmira Way, M52
£1,20006/240 miEndeavour House, 1b Elmira Way, M52
£1,10005/240 miEndeavour House, Elmira Way, Salford, M52
£1,20003/250 mi-2
£1,30005/240.02 miElmira Way, Salford, Greater Manchester, M52
£1,20005/240.03 miPioneer House, 1c Elmira Way, Salford Quays, Salford, Lancashire, M52
£1,20005/240.03 miPioneer House, 1C Elmira Way, Salford, Lancashire, M52
£1,20005/240.03 miPioneer House, Elmira Way, Salford , M52
£1,25002/250.03 mi-2
£1,10005/240.03 miPioneer House, Elmira Way, Salford, M52
£1,15005/240.03 miPioneer House, Elmira Way, Salford, M52
£1,10005/240.03 miSpinners House, Elmira Way, Salford, Lancashire, M52
£1,10005/240.04 miElmira Way, Salford2
£1,15005/240.04 miSpinner House, 1A Elmira Way, Salford, M52
£1,35001/250.04 mi-2
£1,20006/240.04 miCraven Drive, Manchester, M52
£2,40005/240.04 mi-2
£1,90005/240.04 mi-2
£1,27502/240.04 mi-2
£1,25002/240.04 mi-2
£1,27505/240.04 mi-2
£1,27506/240.04 mi-2
£1,27506/240.04 miTrafford Road, Salford, M52
£1,40006/240.04 mi-2
£1,40006/240.04 mi-2
£1,27512/240.04 mi-2
£1,29501/250.04 mi-2
£1,30003/240.04 mi15 Trafford Road, Salford, Lancashire, M52
£1,30005/240.04 mi-2
£2,60012/240.04 mi-2
£2,60012/240.04 mi-2
£1,25005/240.04 miThe Gateway, 15 Trafford Road, Salford, M52
£1,27505/240.05 miThe Gateway, 15 Trafford Road, Salford, M52
£1,20001/250.05 mi-2
£1,25003/250.05 mi-2
£1,20005/240.05 miThe Exchange, 8 Elmira Way, Salford, Manchester, M52
£1,17505/240.05 miThe Exchange, 8 Elmira Way, Salford Quays, Greater Manchester, M52
£1,19505/240.05 miThe Exchange, 8 Elmira Way, Salford Quays, Greater Manchester, M52
£1,25005/240.05 miThe Exchange, 8 Elmira Way, Salford Quays, Greater Manchester, M52
£1,25005/240.05 miThe Exchange, 8 Elmira Way, Salford, M52
£1,20012/240.05 miThe Exchange, 8 Elmira Way, Salford Quays, Greater Manchester, M52
£1,10005/240.05 miPioneer House, Elmira Way, Salford M5 3LL2
£1,15005/240.05 miBrindley House, 1 Elmira Way, Salford, M52
£1,10005/240.05 miBrindley House, 1 Elmira Way, Salford, M52
£1,25012/240.05 miThe Exchange, 8 Elmira Way, Salford, Manchester, M52
£1,30006/240.05 mi8 Elmira Way, Salford, Manchester, M52
£1,25005/240.05 miThe Exchange, 8 Elmira Way, Salford, M52
£1,15002/240.05 mi-2

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

2.53 miles away

Nearest school

0.30 miles away

Nearest train station

0.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Buyer's market

Capital growth (5yrs)

+6%

Property History

Listed for £145,000

January 30, 2025

Description

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £145,000

Qube Residential are delighted to bring to the market this two bedroom property in Endeavour House. Comprising of two double bedrooms, including master with ensuite, main bathroom and kitchen through living room with balcony. The property comes fully furnished including white goods. Within walking distance of Salford Quays and close to great transport links. Call to book your viewing today!

Currently Tenanted Until 08/04/2025 @ £1,250 PCM
Service Charges: £2,613 PA
Ground Rent: £125 PA
Lease Length: 129 Years Remaining.
Awaiting EWS-1

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Agent Details

QUBE Residential, Salford Quays

0161 524 8965

Next Steps?

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

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