2 Bed Terraced House, Single Let, Salford, M5 4YG, £245,000

Woden Street, Salford, Greater Manchester, M5 4YG - 2 months ago

Leasehold
BTL
ROI: 2%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£122K - £400K
Sold Prices/m²£2K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.6K/m²

Value Estimate

£228,810

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£61,250

Stamp Duty & Legal Fees

£8,550

Total Cash In

£69,800

 

 

Cash Out

 

Rent Range

£895 - £2,500

Rent Estimate

£1,125

Running Costs/mo

£1,011

Cashflow/mo

£114

Cashflow/yr

£1,373

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £122K to £400K, average is £210.1K. £2K/m² to £4.4K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£212.5K11/210.16 mi5, Wodens Avenue, Salford, Greater Manchester M5 4TF2
£195K03/230.28 mi14, Catfield Walk, Manchester, Greater Manchester M15 4HH2
£160K11/200.3 mi33, Whimberry Close, Salford, Greater Manchester M5 3WL2
£226.5K10/230.3 mi8, Whimberry Close, Salford, Greater Manchester M5 3WL2
£215K01/230.3 mi41, Whimberry Close, Salford, Greater Manchester M5 3WL2
£230K10/230.33 miA 13.07, Block A Wilburn Basin, Ordsall Lane, Salford, Greater Manchester M5 4XQ2
£210.1K02/240.35 mi17, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£205K05/230.35 mi12, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£178K01/210.35 mi35, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£214K10/230.35 mi15, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£212K03/230.36 mi29, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£165K03/210.4 mi14, Buckfield Avenue, Salford, Greater Manchester M5 3HJ2
£215K04/230.52 mi39, Ryall Avenue, Salford, Greater Manchester M5 3HX2
£215K12/220.62 mi17, Warburton Street, Salford, Greater Manchester M5 3FX2
£225K07/210.62 mi78, Taylorson Street, Salford, Greater Manchester M5 3EX2
£208.8K03/210.62 mi92, Taylorson Street, Salford, Greater Manchester M5 3EX2
£220K11/220.62 mi17, Mallow Street, Manchester, Greater Manchester M15 5GE2
£240K08/220.63 mi74, Ribston Street, Manchester, Greater Manchester M15 5RJ2
£195K11/200.63 mi62, Old York Street, Hulme, Manchester, Greater Manchester M15 5TH2
£238K01/240.65 mi13, Treelands Walk, Salford, Greater Manchester M5 3FU2
£221.1K10/210.67 mi2, Sudbury Close, Manchester, Greater Manchester M16 9DG2
£195K11/210.67 mi12, Marple Street, Manchester, Greater Manchester M15 4AH2
£195K11/210.68 mi12, Marple Street, Manchester, Greater Manchester M15 4AH2
£225K05/240.68 mi2, Farwood Close, Manchester, Greater Manchester M16 9DQ2
£185K07/210.69 mi43, Yew Street, Hulme, Manchester, Greater Manchester M15 5YW2
£235K12/220.69 mi13, Weedall Avenue, Salford, Greater Manchester M5 3DG2
£210K02/230.69 mi79, Stanley Road, Old Trafford, Manchester, Greater Manchester M16 9BQ2
£180K05/210.69 mi17, Crowther Avenue, Salford, Greater Manchester M5 3JU2
£242K01/230.72 mi22, Northumberland Road, Manchester, Greater Manchester M16 9DP2
£370K02/230.73 mi18, Fire Station Square, Salford, Greater Manchester M5 4NZ2
£375K07/220.73 mi11, Fire Station Square, Salford, Greater Manchester M5 4NZ2
£160K12/200.73 mi57, Goodiers Drive, Salford, Greater Manchester M5 3JZ2
£205K04/230.74 mi35, Warde Street, Hulme, Manchester, Greater Manchester M15 5TG2
£172K07/210.79 mi5, Dunham Street, Manchester, Greater Manchester M15 5FX2
£122K09/220.81 mi81, Pink Bank Lane, Manchester, Greater Manchester M12 5GR2
£205K05/230.81 mi8, Tomlinson Street, Hulme, Manchester, Greater Manchester M15 5FW2
£258K09/220.82 mi23, Beever Street, Manchester, Greater Manchester M16 9JR2
£150K08/220.83 mi17, Steeple Drive, Salford, Greater Manchester M5 4SB2
£188K02/220.85 mi9, Wythop Gardens, Salford, Greater Manchester M5 4QF2
£175K12/200.86 mi8, Kershope Grove, Salford, Greater Manchester M5 4QE2
£179K03/210.88 mi10, Prestage Street, Old Trafford, Manchester, Greater Manchester M16 9LH2
£235.7K11/220.89 mi24, Prestage Street, Old Trafford, Manchester, Greater Manchester M16 9JU2
£185K02/210.89 mi26, Prestage Street, Old Trafford, Manchester, Greater Manchester M16 9JU2
£345K12/220.89 mi8, Merchants Quay, Salford, Greater Manchester M50 3XR2
£160K05/230.9 mi11, Brotherton Drive, Salford, Greater Manchester M3 6BH2
£320K03/210.9 mi53, Merchants Quay, Salford, Greater Manchester M50 3XF2
£255K07/220.91 mi7, Tysoe Gardens, Salford, Greater Manchester M3 6BL2
£400K03/230.91 mi17, Tysoe Gardens, Salford, Greater Manchester M3 6BL2
£170K01/240.91 mi229, Liverpool Street, Salford, Greater Manchester M5 4HS2
£170K11/210.92 mi23, Newcastle Street, Manchester, Greater Manchester M15 6AH2

Local Rents

50 rents from £895/mo to £2.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,55012/240 mi-2
£1,40002/240.01 mi-2
£1,32505/240.01 miDowntown, 9 Woden Street, Salford2
£1,30006/240.01 miDowntown, 9 Woden Street, Salford2
£1,40006/240.01 miDowntown (Block A) 9 Woden Street, Salford2
£1,45005/240.03 miWoden Street, Salford2
£1,30005/240.03 miDowntown, 7 Woden Street, Salford, M52
£1,30005/240.03 mi-2
£1,25005/240.03 mi-2
£1,35012/240.03 mi-2
£1,35005/240.03 miWoden Street, Salford, M52
£2,50002/250.03 mi-2
£1,40005/240.03 miThe Mill, M5 4JH2
£1,40005/240.03 mi9 Woden Street, Salford, 2
£1,35005/240.03 miDowntown, 7 Woden Street, Salford2
£1,35005/240.04 mi-2
£1,27505/240.04 miDowntown, 9 Woden Street, Salford2
£1,17502/250.04 mi-2
£1,35005/240.05 miDowntown, 7 Woden Street, Salford, Lancashire, M52
£1,25006/240.05 miWoden Street, Salford2
£1,30005/240.05 miBlock B, Downtown, 9 Woden Street, Salford, Lancashire, M52
£1,15005/240.06 miWoden Street, Salford, Greater Manchester, M52
£1,15005/240.06 miWoden Street, Salford, Greater Manchester, M52
£1,15005/240.06 miSteele House, Woden Street, Salford, M52
£1,29505/240.06 miThe Riverside, Derwent Street Salford M52
£1,20005/240.06 mi29 Slater House, Lamba Court, Salford2
£1,30012/240.06 mi-2
£1,10003/250.06 mi-2
£1,20006/240.06 miSteele House, Woden Street, M52
£1,35003/250.07 mi-2
£1,35005/240.07 miRiverside, Lowry Wharf, Derwent Street, Salford, M52
£1,35012/240.07 miRiverside, Lowry Wharf, Derwent Street, Salford, M52
£89505/240.07 miThe Riley Building, Derwent Street, M52
£1,20006/240.07 miSlater House, Woden Street, M52
£1,15005/240.07 miSlater House, Lamba Court, Woden Street, Salford, M52
£1,15005/240.07 miSlater House, Lamba Court, Woden Street, Salford, M52
£1,20005/240.07 miSt Georges Island, 3 Kelso Place, Castlefield, Manchester, M152
£1,50005/240.08 miKelso Place, Manchester, Greater Manchester, M152
£1,35005/240.08 miBridgewater Gate, Woden Street, Salford, M52
£1,50003/250.09 mi-2
£1,49505/240.09 miSilkbank Wharf, 21 Derwent Street, Manchester2
£1,35005/240.09 miExcelsior Works, Castlefield2
£1,51205/240.09 miSilkbank Wharf, 21 Derwent Street, Manchester2
£1,19505/240.09 miSt. Georges Island, Kelso Place, Castlefield, Manchester, M152
£1,15005/240.09 miKelso Place, Manchester, M152
£1,20005/240.09 mi-2
£1,20005/240.09 miKelso Place, Manchester, M152
£1,10006/240.1 miKelso Place, Castlefield, Manchester, M152
£1,25003/250.1 mi-2
£1,25005/240.1 miSt Georges Island, 2 Kelso Place, Castlefield2

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

2.68 miles away

Nearest school

0.40 miles away

Nearest train station

0.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Buyer's market

Capital growth (5yrs)

+6%

Property History

Listed for £245,000

February 10, 2025

Floor Plans

Description

  • Two bedrooms +
  • Parking included! +
  • Business and entertainment suite +
  • Gym, roof terrace and 24/7 concierge +
  • EWS1 available +
  • Tenanted until July 2025, owner occupiers welcome following tenancy expiry +
  • EPC Rating = B +

Parking included! Sizeable two double bedroom apartment in the Downtown development. Offering a host of top of the range facilities!

Description

Savills are delighted to offer this stunning corner unit, two double bedroom, two bathroom apartment in the highly acclaimed Downtown development. Offering unmatched views over the River Irwell and parking included!

This fifth floor property briefly comprises of a spacious open plan living and kitchen area, whilst the kitchen enjoys a host of built in appliances.

Further, the property comprises of two well-sized double bedrooms, each with its own a modern three piece en suite that both include a bath and overhead shower. With the main en suite offering a Jack and Jill design, accessing via both the living area and bedroom.

The development boasts a 24/7 concierge service, fob entry and intercom systems to all apartments. The development is complete with gym, sauna, residents lounges, business suite and media room!

Please note the property is currently tenanted until July 2025. Owner occupiers are welcome to enquire with vacant possession potentially available thereafter.

EWS1 form available!

External wall systems/cladding disclaimer: This property has cladding, as far as we know the
current position with the property is:
It’s been tested and there are no works required.
* You should make enquiries about the external wall system of the property, if it has cladding and if it is safe or if there are interim measure in place.

Location

Downtown sits in an excellent location along Ordsall Lane between Manchester city centre and Media City. Cornbrook tram stop (0.7m), Deansgate tram & train links (1.1m), and Spinningfields (1.2m) are all within easy reach.

Regent Road Retail Park is also situated just behind the development (0.4m) with a large Sainsbury`s, TK Maxx, Boots, and much more on offer.

Salford Central Train Station is just 1.1 miles away, which provides good access links both in and out of the city centre.

Sports and entertainment are within easy reach also. Manchester's famous football stadiums Old Trafford (home to Manchester United) and the Etihad (home to Manchester City) are 1.2m and 3.4m away respectively.

For cultural activities, locally residents are only 0.8m from Castlefield Bowl which often hosts an array of food festivals and music gigs.

Please note all distances quoted are approximate.

Square Footage: 717 sq ft
Leasehold with approximately 994 years remaining.

Additional Info

Ground rent reviewed in line with RPI, next review is 2034 and every 10th anniversary thereafter.

Agent Details

Savills, Manchester

0161 524 3346

Next Steps?

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