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





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£146,400 |
BMV | 22% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £30,000£30,000 |
Stamp Duty & Legal Fees | £4,800£4,800 |
Total Cash In | £34,800£34,800 |
| |
Cash Out | |
Rent Range | £950 - £1,500£950 - £1,500 |
Rent Estimate | £950 |
Running Costs/mo | £585£585 |
Cashflow/mo | £365£365 |
Cashflow/yr | £4,380£4,380 |
ROI | 13%13% |
Gross Yield | 10%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.
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£122K | 05/21 | 0 mi | Flat 15, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4US | - | - | 2 | Flat | |
£140K | 07/23 | 0 mi | Flat 49, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4US | - | - | 2 | Flat | |
£112.5K | 01/21 | 0 mi | Flat 73, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4UT | - | - | 2 | Flat | |
£115K | 06/21 | 0.12 mi | Flat 25, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG | - | - | 2 | Flat | |
£135K | 03/21 | 0.12 mi | Flat 103, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UQ | - | - | 2 | Flat | |
£113K | 01/21 | 0.12 mi | Flat 60, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UP | - | - | 2 | Flat | |
£98K | 03/21 | 0.12 mi | Flat 53, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UP | - | - | 2 | Flat | |
£136.8K | 04/23 | 0.12 mi | Flat 31, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG | - | - | 2 | Flat | |
£137.5K | 05/23 | 0.12 mi | Flat 37, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG | - | - | 2 | Flat | |
£136K | 12/22 | 0.12 mi | Flat 36, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG | - | - | 2 | Flat | |
£150K | 08/23 | 0.12 mi | Flat 11, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG | - | - | 2 | Flat | |
£113.5K | 03/21 | 0.19 mi | Flat 29, Kielder Square, Eccles New Road, Salford, Greater Manchester M5 4UL | - | - | 2 | Flat | |
£117.5K | 11/21 | 0.19 mi | Flat 23, Kielder Square, Eccles New Road, Salford, Greater Manchester M5 4UL | - | - | 2 | Flat | |
£115K | 10/20 | 0.19 mi | Flat 77, Kielder Square, Eccles New Road, Salford, Greater Manchester M5 4UN | - | - | 2 | Flat | |
£113K | 10/20 | 0.19 mi | Flat 100, Kielder Square, Eccles New Road, Salford, Greater Manchester M5 4UW | - | - | 2 | Flat | |
£117K | 03/21 | 0.19 mi | Flat 54, Kielder Square, Eccles New Road, Salford, Greater Manchester M5 4UN | - | - | 2 | Flat | |
£115K | 12/20 | 0.19 mi | Flat 123, Kielder Square, Eccles New Road, Salford, Greater Manchester M5 4UW | - | - | 2 | Flat | |
£127.5K | 06/21 | 0.23 mi | Flat 1, Elishaw Row, Eccles New Road, Salford, Greater Manchester M5 4UJ | - | - | 2 | Flat | |
£137K | 11/23 | 0.23 mi | Flat 21, Elishaw Row, Eccles New Road, Salford, Greater Manchester M5 4UJ | - | - | 2 | Flat | |
£111K | 04/21 | 0.27 mi | Flat 16, Wearhead Row, Eccles New Road, Salford, Greater Manchester M5 4UH | - | - | 2 | Flat | |
£145K | 11/22 | 0.31 mi | Flat 1, Wearhead Row, Eccles New Road, Salford, Greater Manchester M5 4UH | - | - | 2 | Flat | |
£150.5K | 05/22 | 0.35 mi | Flat 15, Ailsa House, Langworthy Road, Salford, Greater Manchester M6 5SW | - | - | 2 | Flat | |
£195K | 01/23 | 0.48 mi | 145, Labrador Quay, Salford, Greater Manchester M50 3YH | £3,488 | 56 | 2 | Flat | |
£212K | 12/22 | 0.5 mi | 43, Labrador Quay, Salford, Greater Manchester M50 3YH | £3,533 | 60 | 2 | Flat | |
£196K | 10/20 | 0.5 mi | 25, Labrador Quay, Salford, Greater Manchester M50 3YH | £2,481 | 79 | 2 | Flat | |
£208K | 05/21 | 0.5 mi | 111, Labrador Quay, Salford, Greater Manchester M50 3YH | £3,782 | 55 | 2 | Flat | |
£197K | 12/20 | 0.5 mi | 107, Labrador Quay, Salford, Greater Manchester M50 3YH | £3,230 | 61 | 2 | Flat | |
£192K | 01/21 | 0.5 mi | 153, Labrador Quay, Salford, Greater Manchester M50 3YH | £3,205 | 60 | 2 | Flat | |
£204K | 03/21 | 0.5 mi | 141, Labrador Quay, Salford, Greater Manchester M50 3YH | - | - | 2 | Flat | |
£255K | 11/22 | 0.5 mi | 119, Labrador Quay, Salford, Greater Manchester M50 3YH | £4,230 | 60 | 2 | Flat | |
£210K | 05/23 | 0.5 mi | 171, Labrador Quay, Salford, Greater Manchester M50 3YH | £3,387 | 62 | 2 | Flat | |
£188K | 10/20 | 0.54 mi | 76, St Lawrence Quay, Salford, Greater Manchester M50 3XU | £2,984 | 63 | 2 | Flat | |
£188K | 10/20 | 0.56 mi | 76, St Lawrence Quay, Salford, Greater Manchester M50 3XU | £2,984 | 63 | 2 | Flat | |
£238.5K | 10/23 | 0.56 mi | 70, St Lawrence Quay, Salford, Greater Manchester M50 3XU | £3,883 | 61 | 2 | Flat | |
£198K | 10/23 | 0.56 mi | 76, St Lawrence Quay, Salford, Greater Manchester M50 3XU | £3,143 | 63 | 2 | Flat | |
£240K | 12/22 | 0.57 mi | 15, St Lawrence Quay, Salford, Greater Manchester M50 3XT | - | - | 2 | Flat | |
£240K | 09/21 | 0.57 mi | 44, Vancouver Quay, Salford, Greater Manchester M50 3TU | £3,288 | 73 | 2 | Flat | |
£205K | 09/21 | 0.57 mi | 71, Vancouver Quay, Salford, Greater Manchester M50 3TU | £3,254 | 63 | 2 | Flat | |
£209.5K | 11/20 | 0.57 mi | 70, Vancouver Quay, Salford, Greater Manchester M50 3TU | £3,379 | 62 | 2 | Flat | |
£228K | 05/21 | 0.63 mi | 16, Winnipeg Quay, Salford, Greater Manchester M50 3TY | £3,455 | 66 | 2 | Flat | |
£260K | 12/20 | 0.63 mi | 53, Winnipeg Quay, Salford, Greater Manchester M50 3TY | £3,877 | 67 | 2 | Flat | |
£200K | 06/21 | 0.63 mi | 24, Winnipeg Quay, Salford, Greater Manchester M50 3TY | £3,049 | 66 | 2 | Flat | |
£230K | 05/21 | 0.63 mi | 41, Winnipeg Quay, Salford, Greater Manchester M50 3TY | £4,412 | 52 | 2 | Flat | |
£190K | 04/21 | 0.63 mi | 49, Winnipeg Quay, Salford, Greater Manchester M50 3TY | £3,167 | 60 | 2 | Flat | |
£153.5K | 03/21 | 0.66 mi | 41, Greenwood Terrace, Salford, Greater Manchester M5 3GH | £2,440 | 63 | 2 | Flat | |
£200K | 06/23 | 0.68 mi | Apartment 403, Number One, Pink, Media City Uk, Salford, Greater Manchester M50 2BA | - | - | 2 | Flat | |
£200K | 01/23 | 0.69 mi | Apartment 1905, Number One, Pink, Media City Uk, Salford, Greater Manchester M50 2BB | - | - | 2 | Flat | |
£263K | 12/23 | 0.76 mi | 44, Merchants Quay, Salford, Greater Manchester M50 3XR | £3,612 | 73 | 2 | Flat | |
£210K | 03/24 | 0.77 mi | Imperial Point, Apartment 812, The Quays, Salford, Greater Manchester M50 3RB | £3,182 | 66 | 2 | Flat | |
£250K | 10/21 | 0.79 mi | 62, Merchants Quay, Salford, Greater Manchester M50 3XG | £3,472 | 72 | 2 | Flat |
Local Rents
50 rents from £950/mo to £1.5K/mo, average is £1.1K/mo.
Rent | Date | Distance | Address | Beds | Type | |
£1,400 | 03/25 | 0.01 mi | - | 2 | Flat | |
£975 | 05/24 | 0.01 mi | Redmires Court, Eccles New Road, Salford, Lancashire, M5 | 2 | Flat | |
£1,400 | 01/25 | 0.01 mi | - | 2 | Flat | |
£1,100 | 06/24 | 0.03 mi | Redmires Court, Eccles New Road, M5 4UT | 2 | Flat | |
£950 | 05/24 | 0.06 mi | Melmerby Court, Eccles New Road, Salford | 2 | Flat | |
£975 | 06/24 | 0.07 mi | - | 2 | Flat | |
£950 | 05/24 | 0.07 mi | Eccles New Road, Salford | 2 | Flat | |
£1,400 | 05/24 | 0.08 mi | SILKBANK WHARF - 21 Derwent Street, Salford, Greater Manchester, M5 | 2 | Flat | |
£1,400 | 05/24 | 0.08 mi | Silkbank Wharf, Salford | 2 | Flat | |
£1,500 | 05/24 | 0.08 mi | Silkbank Wharf, Salford | 2 | Flat | |
£1,500 | 05/24 | 0.08 mi | Silkbank Wharf, Salford | 2 | Flat | |
£1,350 | 05/24 | 0.08 mi | Silkbank Wharf, Salford, M5 | 2 | Flat | |
£1,400 | 05/24 | 0.08 mi | 1004, 21 Derwent Street, Salford, Greater Manchester, M5 | 2 | Flat | |
£1,450 | 05/24 | 0.08 mi | Silkbank Wharf, Salford, M5 | 2 | Flat | |
£1,450 | 05/24 | 0.08 mi | Silkbanwharf, Salford, M5 | 2 | Flat | |
£1,500 | 06/24 | 0.08 mi | Silbank Wharf, Salford, M5, | 2 | Flat | |
£1,400 | 05/24 | 0.11 mi | Hodge Lane, Salford, M5 4JB | 2 | Terraced House | |
£1,050 | 03/25 | 0.12 mi | - | 2 | Flat | |
£1,100 | 07/24 | 0.12 mi | - | 2 | Flat | |
£1,100 | 05/24 | 0.12 mi | Melmerby Court, Salford, M5 | 2 | Flat | |
£1,100 | 05/24 | 0.12 mi | - | 2 | Flat | |
£1,150 | 05/24 | 0.12 mi | - | 2 | Flat | |
£1,250 | 06/24 | 0.12 mi | - | 2 | Flat | |
£1,050 | 05/24 | 0.12 mi | Eccles New Road, Manchester, Greater Manchester, M5 | 2 | Flat | |
£1,195 | 05/24 | 0.16 mi | Wythop Gardens, Salford, M5 | 2 | Detached House | |
£1,100 | 05/24 | 0.17 mi | Salford, Salford, M5 | 2 | Flat | |
£1,000 | 12/24 | 0.18 mi | - | 2 | Flat | |
£1,100 | 12/24 | 0.18 mi | Kielder Square, Salford, M5 4UW | 2 | Flat | |
£1,100 | 12/24 | 0.18 mi | - | 2 | Flat | |
£1,150 | 12/24 | 0.18 mi | - | 2 | Flat | |
£995 | 01/25 | 0.18 mi | - | 2 | Flat | |
£1,050 | 03/25 | 0.18 mi | - | 2 | Flat | |
£1,150 | 05/24 | 0.18 mi | Kielder Square, Eccles New Road, Salford, M5 4UL | 2 | Flat | |
£1,100 | 05/24 | 0.19 mi | - | 2 | Flat | |
£1,075 | 05/24 | 0.19 mi | Kielder Square, Salford, M5 | 2 | Flat | |
£1,400 | 06/24 | 0.19 mi | - | 2 | Flat | |
£1,150 | 03/25 | 0.24 mi | - | 2 | Flat | |
£1,200 | 05/24 | 0.24 mi | The Gateway, 15 Trafford Road, Salford, M5 | 2 | Flat | |
£1,200 | 05/24 | 0.24 mi | The Gateway, 15 Trafford Road, Salford, M5 | 2 | Flat | |
£1,200 | 06/24 | 0.26 mi | - | 2 | Terraced House | |
£1,200 | 05/24 | 0.26 mi | Blodwell Street, Manchester, M6 | 2 | Terraced House | |
£1,100 | 05/24 | 0.26 mi | Broadway, Salford, Greater Manchester, M50 | 2 | Flat | |
£950 | 05/24 | 0.26 mi | Madison Court, Broadway, Salford Quays, M50 | 2 | Flat | |
£1,150 | 05/24 | 0.27 mi | Lexington Court, Broadway, Salford, M50 2UG | 2 | Flat | |
£1,050 | 03/24 | 0.27 mi | Broadway, Salford, Greater Manchester, M50 | 2 | Flat | |
£999 | 05/24 | 0.27 mi | Broadway, Salford, Greater Manchester, M50 | 2 | Flat | |
£1,095 | 05/24 | 0.27 mi | Hudson Court, Broadway, Salford, M50 2UF | 2 | Flat | |
£1,100 | 03/24 | 0.27 mi | Broadway, Salford, Greater Manchester, M50 | 2 | Flat | |
£1,100 | 03/24 | 0.27 mi | Broadway, Manchester | 2 | Flat | |
£1,050 | 05/24 | 0.27 mi | Madison Court, Broadway, Salford, M50 | 2 | Flat |
Local Area Statistics
Population in M5 | 14,44514,445 |
Population in Salford | 88,69788,697 |
Town centre distance | 1.83 miles away1.83 miles away |
Nearest school | 0.30 miles away0.30 miles away |
Nearest train station | 0.39 miles away0.39 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +35%+35% |
Sales demand | Buyer's marketBuyer's market |
Capital growth (5yrs) | +6%+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.
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