2 Bed Flat, Single Let, Salford, M5 4LH, £140,000

Fusion 7, 6 Middlewood Street, Salford, M5 4LH - 4 views - 2 months ago

Under Offer
Leasehold
BTL
ROI: 10%
~68 m²
+13 photos

ValuationUndervalued

Sold Prices£102K - £430K
Sold Prices/m²£1.7K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£172,200
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£950 - £3,500

Rent Estimate

£995

Running Costs/mo

£657

Cashflow/mo

£339

Cashflow/yr

£4,062

ROI

10%

Gross Yield

9%

Local Sold Prices

52 sold prices from £102K to £430K, average is £169K. £1.7K/m² to £4.4K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£128K02/210.24 miFlat 19, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£130K05/230.24 miFlat 2, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£127.5K07/230.24 miFlat 11, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£150K11/220.26 miFlat 42, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£110K11/200.27 miFlat 41, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£102K03/210.27 miFlat 101, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£136.1K01/230.27 miFlat 66, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K03/230.27 miFlat 102, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K07/230.27 miFlat 90, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£171.5K07/210.28 miApartment 49, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£173K11/210.28 miApartment 72, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£114K11/230.39 miApartment 1, Renolds House, Everard Street, Salford, Greater Manchester M5 4UB2
£153K12/230.39 miRenolds House, Apartment 19, Everard Street, Salford, Greater Manchester M5 4UB2
£210K03/210.39 mi19, Woollam Place, Manchester, Greater Manchester M3 4JJ2
£276.5K02/210.39 miFlat 11, Old Court House, Encombe Place, Salford, Greater Manchester M3 6FJ2
£230K08/210.4 mi32, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£212K09/210.4 mi28, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£180K12/220.41 miApartment 47, Slater House, Woden Street, Salford, Greater Manchester M5 4UE2
£208K02/210.42 mi133d, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£240K04/210.42 mi127f, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£165K09/210.42 miFlat 17, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£205K03/230.42 miFlat 32, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£152.5K02/230.43 miFlat 30, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£200K03/230.43 miFlat 28, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£170K06/230.54 mi22, Brotherton Drive, Salford, Greater Manchester M3 6BH2
£170K06/230.54 mi22, Brotherton Drive, Salford, Greater Manchester M3 6BH2
£250K07/210.57 miFlat 301, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£260K06/230.57 miFlat 108, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£220K06/210.57 mi29, Rozel Square, Manchester, Greater Manchester M3 4FQ2
£210K09/210.57 miFlat 202, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£170K09/210.57 miFlat 12, Model Lodging House, Bloom Street, Salford, Greater Manchester M3 6AJ2
£330K12/220.57 miFlat 36, Model Lodging House, Bloom Street, Salford, Greater Manchester M3 6AJ2
£294K12/200.58 mi11, Culvercliff Walk, Manchester, Greater Manchester M3 4FL2
£277K07/210.58 mi1, Culvercliffe Walk, Manchester, Greater Manchester M3 4FL2
£430K01/230.6 miSuite 509, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£400K04/210.6 miApartment 310, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£350K04/210.6 miApartment 301, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£145K06/210.6 mi10, Bevill Square, Salford, Greater Manchester M3 6BB2
£166K07/230.62 mi19, Lockett Gardens, Salford, Greater Manchester M3 6BJ2
£166K07/230.62 mi19, Lockett Gardens, Salford, Greater Manchester M3 6BJ2
£153.5K03/210.62 mi41, Greenwood Terrace, Salford, Greater Manchester M5 3GH2
£285K06/210.62 mi28, Porchfield Square, Manchester, Greater Manchester M3 4FG2
£130K01/210.62 miFlat 29, Thomas Court, Beattock Close, Manchester, Greater Manchester M15 4JA2
£131.5K11/200.63 mi66, Linen Court, Salford, Greater Manchester M3 6JG2
£168K12/220.63 mi61, Linen Court, Salford, Greater Manchester M3 6JG2
£170K05/230.63 mi17, Linen Court, Salford, Greater Manchester M3 6JG2
£166K01/230.64 mi57, Linen Court, Salford, Greater Manchester M3 6JG2
£125K08/210.65 mi44, Calico Close, Salford, Greater Manchester M3 6AH2
£135K02/230.65 mi38, Calico Close, Salford, Greater Manchester M3 6AH2
£120K04/210.7 mi25, Chiffon Way, Salford, Greater Manchester M3 6AB2
£167K03/210.7 miFlat 214, Canon Green Court, West King Street, Salford, Greater Manchester M3 7HA2
£125K10/200.71 mi59, Blackburn Street, Salford, Greater Manchester M3 6AS2

Local Rents

50 rents from £950/mo to £3.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,10005/240.01 miFusion 3, 14 Middlewood Street, Salford, M52
£1,15006/240.01 miMiddlewood Street, Salford, M52
£1,15006/240.01 miMiddlewood Street, Salford, M52
£1,15005/240.01 miApartment 2, Fusion 5, 10 Middlewood Street, Salford M5 4LN2
£1,35005/240.01 miFusion 7, Middlewood Street, Salford, Manchester, M52
£1,15006/240.01 miFusion 8, Middlewood Street, Salford, Manchester, M52
£1,09505/240.02 miFusion 9, Middlewood Street, Salford, M52
£1,09506/240.02 miFusion 9, Middlewood Street, Salford, M52
£2,89505/240.02 miMiddlewood Street, Manchester, Greater Manchester, M52
£1,10005/240.02 miFusion, Salford, M52
£1,49505/240.03 miMiddlewood Street, Salford M52
£1,10005/240.03 miFusion 8, 4 Middlewood Street, Salford, Greater Manchester, M52
£1,15003/250.03 mi-2
£2,10001/250.03 mi-2
£2,25002/240.03 mi-2
£2,45005/240.03 mi-2
£2,30006/240.03 mi-2
£99506/240.03 mi-2
£99505/240.03 miMiddlewood Street, Salford, M52
£95003/250.03 mi-2
£1,49503/250.04 mi-2
£1,07512/240.04 mi-2
£1,40012/240.04 mi-2
£99505/240.04 miMiddlewood Street, Salford, Greater Manchester, M5 4LH2
£95006/240.04 mi-2
£95006/240.04 miFusion 6, Salford, M52
£1,20006/240.05 miFusion Building, Middlewood Street, Manchester, Salford2
£1,25006/240.05 mi-2
£1,25005/240.05 miFusion Apartments, Salford, M52
£1,35005/240.05 miOldfield Road, Manchester, Greater Manchester, M52
£1,00005/240.05 miMiddlewood Street, Salford, Greater Manchester, M52
£1,49505/240.05 miRolling Street, Salford M52
£2,40003/250.05 mi-2
£1,40003/250.07 mi-2
£2,80006/240.08 mi-2
£1,25005/240.08 mi-2
£1,30005/240.08 mi-2
£1,35006/240.08 mi-2
£3,50006/240.08 mi-2
£2,90006/240.08 mi-2
£1,40006/240.08 mi-2
£3,00006/240.08 mi-2
£2,00012/240.08 mi-2
£1,40012/240.08 mi-2
£1,80012/240.08 mi-2
£2,20001/250.08 mi-2
£1,44003/250.08 mi-2
£1,65003/250.08 mi-2
£3,00005/240.08 mi-2
£3,00006/240.08 mi-2

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

2.34 miles away

Nearest school

0.30 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Buyer's market

Capital growth (5yrs)

+6%

Property History

Listed for £140,000

February 4, 2025

Floor Plans

Description

  • Shops and amenities nearby +
  • Fitted Kitchen +
  • Close to public transport +
  • Great Investment Opportunity +
  • Around 7% return +
  • EWS1 Cert Available +
  • Parking +

WATCH THE WALK-THROUGH VIDEO BY CLICKING ON THE VIDEO TAB

- Annual Gross Return of 7.2% 
- Tenanted
- Leasehold
- Ideal for first-time buyers & investors 
- Two double bedrooms
- Parking
- EWS1 Cert available 

Discover your new home in this beautifully appointed 2-bedroom first floor apartment, perfect for professionals and small families alike. Boasting a contemporary design and a host of modern features, this property offers both comfort and convenience in an enviable location.

The modern fitted kitchen is equipped with fitted appliances and ample storage. The spacious reception room features a Juliet balcony that fills the space with natural light. The refurbished bathroom is a luxurious retreat with a large walk-in shower, modern fixtures, and a stylish finish. The master bedroom offers the privacy and charm of its own Juliet balcony, creating a perfect retreat, while the second bedroom is versatile and spacious, ideal as a guest room, home office, or personal sanctuary.

Parking includes one allocated parking space in a secure area, ensuring peace of mind. 

Strategically situated with easy access to both Salford Quays and Manchester City Centre, this apartment places you at the heart of vibrant urban living. Enjoy proximity to a variety of dining, shopping, and entertainment options, as well as excellent transport links.

Annual Gross Return of 7.2%

Agent Details

Quay Property, Salford

0161 524 9997

Next Steps?

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