2 Bed Flat, Motivated Seller, Salford, M5 4UT, £120,000

Redmires Court, Eccles New Road, Salford, Greater Manchester, M5 4UT - 5 views - a month ago

Leasehold
Motivated
BTL
ROI: 13%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£98K - £263K
Sold Prices/m²£2.4K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£146,400
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Total Cash In

£34,800

 

 

Cash Out

 

Rent Range

£950 - £1,500

Rent Estimate

£950

Running Costs/mo

£585

Cashflow/mo

£365

Cashflow/yr

£4,380

ROI

13%

Gross Yield

10%

Local Sold Prices

50 sold prices from £98K to £263K, average is £189K. £2.4K/m² to £4.4K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£122K05/210 miFlat 15, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4US2
£140K07/230 miFlat 49, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4US2
£112.5K01/210 miFlat 73, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4UT2
£115K06/210.12 miFlat 25, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG2
£135K03/210.12 miFlat 103, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UQ2
£113K01/210.12 miFlat 60, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UP2
£98K03/210.12 miFlat 53, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UP2
£136.8K04/230.12 miFlat 31, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG2
£137.5K05/230.12 miFlat 37, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG2
£136K12/220.12 miFlat 36, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG2
£150K08/230.12 miFlat 11, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG2
£113.5K03/210.19 miFlat 29, Kielder Square, Eccles New Road, Salford, Greater Manchester M5 4UL2
£117.5K11/210.19 miFlat 23, Kielder Square, Eccles New Road, Salford, Greater Manchester M5 4UL2
£115K10/200.19 miFlat 77, Kielder Square, Eccles New Road, Salford, Greater Manchester M5 4UN2
£113K10/200.19 miFlat 100, Kielder Square, Eccles New Road, Salford, Greater Manchester M5 4UW2
£117K03/210.19 miFlat 54, Kielder Square, Eccles New Road, Salford, Greater Manchester M5 4UN2
£115K12/200.19 miFlat 123, Kielder Square, Eccles New Road, Salford, Greater Manchester M5 4UW2
£127.5K06/210.23 miFlat 1, Elishaw Row, Eccles New Road, Salford, Greater Manchester M5 4UJ2
£137K11/230.23 miFlat 21, Elishaw Row, Eccles New Road, Salford, Greater Manchester M5 4UJ2
£111K04/210.27 miFlat 16, Wearhead Row, Eccles New Road, Salford, Greater Manchester M5 4UH2
£145K11/220.31 miFlat 1, Wearhead Row, Eccles New Road, Salford, Greater Manchester M5 4UH2
£150.5K05/220.35 miFlat 15, Ailsa House, Langworthy Road, Salford, Greater Manchester M6 5SW2
£195K01/230.48 mi145, Labrador Quay, Salford, Greater Manchester M50 3YH2
£212K12/220.5 mi43, Labrador Quay, Salford, Greater Manchester M50 3YH2
£196K10/200.5 mi25, Labrador Quay, Salford, Greater Manchester M50 3YH2
£208K05/210.5 mi111, Labrador Quay, Salford, Greater Manchester M50 3YH2
£197K12/200.5 mi107, Labrador Quay, Salford, Greater Manchester M50 3YH2
£192K01/210.5 mi153, Labrador Quay, Salford, Greater Manchester M50 3YH2
£204K03/210.5 mi141, Labrador Quay, Salford, Greater Manchester M50 3YH2
£255K11/220.5 mi119, Labrador Quay, Salford, Greater Manchester M50 3YH2
£210K05/230.5 mi171, Labrador Quay, Salford, Greater Manchester M50 3YH2
£188K10/200.54 mi76, St Lawrence Quay, Salford, Greater Manchester M50 3XU2
£188K10/200.56 mi76, St Lawrence Quay, Salford, Greater Manchester M50 3XU2
£238.5K10/230.56 mi70, St Lawrence Quay, Salford, Greater Manchester M50 3XU2
£198K10/230.56 mi76, St Lawrence Quay, Salford, Greater Manchester M50 3XU2
£240K12/220.57 mi15, St Lawrence Quay, Salford, Greater Manchester M50 3XT2
£240K09/210.57 mi44, Vancouver Quay, Salford, Greater Manchester M50 3TU2
£205K09/210.57 mi71, Vancouver Quay, Salford, Greater Manchester M50 3TU2
£209.5K11/200.57 mi70, Vancouver Quay, Salford, Greater Manchester M50 3TU2
£228K05/210.63 mi16, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£260K12/200.63 mi53, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£200K06/210.63 mi24, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£230K05/210.63 mi41, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£190K04/210.63 mi49, Winnipeg Quay, Salford, Greater Manchester M50 3TY2
£153.5K03/210.66 mi41, Greenwood Terrace, Salford, Greater Manchester M5 3GH2
£200K06/230.68 miApartment 403, Number One, Pink, Media City Uk, Salford, Greater Manchester M50 2BA2
£200K01/230.69 miApartment 1905, Number One, Pink, Media City Uk, Salford, Greater Manchester M50 2BB2
£263K12/230.76 mi44, Merchants Quay, Salford, Greater Manchester M50 3XR2
£210K03/240.77 miImperial Point, Apartment 812, The Quays, Salford, Greater Manchester M50 3RB2
£250K10/210.79 mi62, Merchants Quay, Salford, Greater Manchester M50 3XG2

Local Rents

50 rents from £950/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,40003/250.01 mi-2
£97505/240.01 miRedmires Court, Eccles New Road, Salford, Lancashire, M52
£1,40001/250.01 mi-2
£1,10006/240.03 miRedmires Court, Eccles New Road, M5 4UT2
£95005/240.06 miMelmerby Court, Eccles New Road, Salford2
£97506/240.07 mi-2
£95005/240.07 miEccles New Road, Salford2
£1,40005/240.08 miSILKBANK WHARF - 21 Derwent Street, Salford, Greater Manchester, M52
£1,40005/240.08 miSilkbank Wharf, Salford2
£1,50005/240.08 miSilkbank Wharf, Salford2
£1,50005/240.08 miSilkbank Wharf, Salford2
£1,35005/240.08 miSilkbank Wharf, Salford, M52
£1,40005/240.08 mi1004, 21 Derwent Street, Salford, Greater Manchester, M52
£1,45005/240.08 miSilkbank Wharf, Salford, M52
£1,45005/240.08 miSilkbanwharf, Salford, M52
£1,50006/240.08 miSilbank Wharf, Salford, M5,2
£1,40005/240.11 miHodge Lane, Salford, M5 4JB2
£1,05003/250.12 mi-2
£1,10007/240.12 mi-2
£1,10005/240.12 miMelmerby Court, Salford, M52
£1,10005/240.12 mi-2
£1,15005/240.12 mi-2
£1,25006/240.12 mi-2
£1,05005/240.12 miEccles New Road, Manchester, Greater Manchester, M52
£1,19505/240.16 miWythop Gardens, Salford, M52
£1,10005/240.17 miSalford, Salford, M52
£1,00012/240.18 mi-2
£1,10012/240.18 miKielder Square, Salford, M5 4UW2
£1,10012/240.18 mi-2
£1,15012/240.18 mi-2
£99501/250.18 mi-2
£1,05003/250.18 mi-2
£1,15005/240.18 miKielder Square, Eccles New Road, Salford, M5 4UL2
£1,10005/240.19 mi-2
£1,07505/240.19 miKielder Square, Salford, M52
£1,40006/240.19 mi-2
£1,15003/250.24 mi-2
£1,20005/240.24 miThe Gateway, 15 Trafford Road, Salford, M52
£1,20005/240.24 miThe Gateway, 15 Trafford Road, Salford, M52
£1,20006/240.26 mi-2
£1,20005/240.26 miBlodwell Street, Manchester, M62
£1,10005/240.26 miBroadway, Salford, Greater Manchester, M502
£95005/240.26 miMadison Court, Broadway, Salford Quays, M502
£1,15005/240.27 miLexington Court, Broadway, Salford, M50 2UG2
£1,05003/240.27 miBroadway, Salford, Greater Manchester, M502
£99905/240.27 miBroadway, Salford, Greater Manchester, M502
£1,09505/240.27 miHudson Court, Broadway, Salford, M50 2UF2
£1,10003/240.27 miBroadway, Salford, Greater Manchester, M502
£1,10003/240.27 miBroadway, Manchester2
£1,05005/240.27 miMadison Court, Broadway, Salford, M502

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

1.83 miles away

Nearest school

0.30 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Buyer's market

Capital growth (5yrs)

+6%

Property History

Listed for £120,000

February 14, 2025

Floor Plans

Description

  • Council Tax Band A, Leasehold 125 years from 1 October 1987 +
  • We have Been Informed no Ground Rent is Paid and Service Charge is £340 per Quarter +
  • Spacious Living Room with views over the Communal Garden +
  • Large Kitchen with Integrated Washing Machine, Fridge Freezer and Oven/Hob +
  • Two Double Bedrooms +
  • Family Bathroom +
  • Communal Gardens +
  • Walking Distance to Media City +
  • Excellent Transport Links +
  • Viewing Advised +

This two bedroom flat is situated close to the Salford Quays development with all the shops, bars and restaurants as well as being handy for transport links into Manchester and beyond. Available now Chain Free.

This apartment is located in Salford with close proximity to Media City where you can find a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.

The accommodation briefly comprises a welcoming entrance way, a spacious living room and a fitted kitchen. Two double bedrooms and a Bathroom

Externally, the property benefits from communal gardens

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £2,500. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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