2 Bed Flat, Single Let, Salford, M7 4JZ £130,000

12 GROSVENOR COURT, PARK LANE, SALFORD, MANCHESTER M7 4JZ - 9 months ago
Sold STC
Leasehold
BTL
ROI: 6%
72 m²
Property image
Property image
Property image

ValuationUndervalued

Sold Prices£50K - £330K
Sold Prices/m²£943/m² - £3.3K/m²

 

 

Square Metres

72 m²
Price/m²£1.8K/m²

Value Estimate

£160,941
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,800

Total Cash In

£40,300

 

 

Cash Out

 

Rent Range

£650 - £2,100

Rent Estimate

£795

Running Costs/mo

£585

Cashflow/mo

£210

Cashflow/yr

£2,517

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £50K to £330K, average is £142.8K. £943/m² to £3.3K/m², average is £2.1K/m².

Price
Date
Distance
Address
Beds
 
£230K10/210.04 miFlat 20, Sommerville Court, Park Lane, Salford, Greater Manchester M7 4HU2
£190K11/240.08 mi56, Devonshire Court, Salford M7 4JT2
£235K09/240.11 miEccleston Place, 9, Park Street, Salford M7 4NH2
£215K10/240.11 mi9, Devonshire Court, Salford M7 4JT2
£149K11/230.18 miFlat 16, Tower Grange, New Hall Road, Salford, Greater Manchester M7 4EL2
£115K06/210.19 miFlat 10, Tall Trees, Westfield Street, Salford, Greater Manchester M7 4NG2
£295K06/210.19 miFlat 2, Lakeside Court, Old Hall Road, Salford, Greater Manchester M7 4JJ2
£165K11/220.19 miFlat 16, Tall Trees, Westfield Street, Salford, Greater Manchester M7 4NG2
£145K12/220.2 miFlat 18, Cavendish Court, Holden Road, Salford, Greater Manchester M7 4LW2
£140K08/240.21 miRiverview Court, Flat 8, Moorend Avenue, Salford M7 3NX2
£140K08/230.22 miFlat 17, Riverview Court, Moor End Avenue, Salford, Greater Manchester M7 3NX2
£100K09/230.22 miFlat 16, Riverview Court, Moor End Avenue, Salford, Greater Manchester M7 3NX2
£180K12/240.22 miTall Trees, Flat 16, Westfield Street, Salford, Greater Manchester M7 4NG2
£142.5K05/250.28 miFlat 18, The Mount, Vine Street, Salford M7 3NB2
£142.5K05/250.28 miFlat 18, The Mount, Vine Street, Salford M7 3NB2
£330K04/250.33 miFlat 5, Waterpark Hall, Waterpark Road, Salford M7 4ZY2
£330K04/250.33 miFlat 5, Waterpark Hall, Waterpark Road, Salford M7 4ZY2
£105K09/240.34 mi2 Brook Court, Flat 28, Moor Lane, Salford M7 3NF2
£190K08/240.4 mi151 Park Croft, 2, Bury Old Road, Salford M7 4QX2
£150K06/210.46 miFlat 2, Norwood Lodge, Vine Street, Salford, Greater Manchester M7 3PB2
£136.5K10/210.46 mi46, Mayfield Road, Salford, Greater Manchester M7 3WZ2
£120K01/230.6 mi3, Betula Grove, Salford, Greater Manchester M7 2AB2
£50K10/240.64 mi82, Melton Road, Manchester M8 4HR2
£50K10/240.64 mi82, Melton Road, Manchester M8 4HR2
£63K07/240.64 mi75, Melton Road, Manchester M8 4HR2
£63K07/240.64 mi75, Melton Road, Manchester M8 4HR2
£143K03/240.68 miHaversham Court, Flat 4, Middleton Road, Manchester, Greater Manchester M8 4JY2
£147.5K12/240.68 mi87 Lomond Lodge, 5, Middleton Road, Manchester M8 4JY2
£147.5K12/240.68 mi5, 87 Lomond Lodge, Middleton Road, Manchester M8 4JY2
£163K07/230.69 miFlat 2, Haversham Court, Middleton Road, Manchester, Greater Manchester M8 4JY2
£152K06/250.69 miFlat 10, Lynwood Court, Middleton Road, Manchester M8 4JX2
£152K06/250.69 miFlat 10, Lynwood Court, Middleton Road, Manchester M8 4JX2
£215K09/210.69 miFlat 5, Woodcliffe Lodge, Sedgley Park Road, Prestwich, Manchester, Greater Manchester M25 0JX2
£83K10/240.7 miTilehurst Court, Flat 14, Kersal Way, Salford M7 3ST2
£91K10/240.7 miTilehurst Court, Flat 28, Kersal Way, Salford M7 3ST2
£72K06/250.7 miFlat 1, Tilehurst Court, Kersal Way, Salford M7 3ST2
£90K10/230.7 miTilehurst Court, Flat 61, Kersal Way, Salford M7 3ST2
£105K07/230.7 miFlat 71, Tilehurst Court, Kersal Way, Salford, Greater Manchester M7 3ST2
£72K11/210.7 miFlat 53, Tilehurst Court, Kersal Way, Salford, Greater Manchester M7 3ST2
£69.5K03/240.7 miTilehurst Court, Flat 70, Kersal Way, Salford, Greater Manchester M7 3ST2
£165K06/240.71 mi91 Haversham Court, 9, Middleton Road, Manchester M8 4JY2
£165K06/240.71 mi9, 91 Haversham Court, Middleton Road, Manchester M8 4JY2
£235K07/240.72 mi1a, Holland Road, Manchester M8 4WW2
£158K04/250.72 miFlat 5, Epsom Mews, Bury New Road, Salford M7 2BZ2
£158K04/250.72 miFlat 5, Epsom Mews, Bury New Road, Salford M7 2BZ2
£120K05/230.74 mi36, Crescent Avenue, Prestwich, Manchester, Greater Manchester M25 9NU2
£127K09/240.74 miHilltop Court, Flat 4, Brooklands Road, Crumpsall, Manchester, Greater Manchester M8 4JH2
£135K12/240.74 mi218 Lever Court, 37, Moor Lane, Salford M7 3HG2
£105K09/230.75 mi10, Claythorpe Walk, Manchester, Greater Manchester M8 4JQ2
£113K03/230.75 miFlat 8, Heath View, Kellbrook Crescent, Salford, Greater Manchester M7 3GH2

Local Rents

50 rents from £650/mo to £2.1K/mo, average is £950/mo.

Rent
Date
Distance
Address
Beds
 
£1,17509/250.1 miDevonshire Court, New Hall Road, Salford2
£1,75007/240.12 miSingleton Road, Salford2
£1,75006/250.12 miSingleton Road, Salford2
£99508/250.13 miKingston Close, Salford2
£1,15009/250.13 miKingston Close, Salford2
£75007/250.25 miSingleton Road, Manchester, M72
£85005/240.25 miCavendish Road, Salford, Greater Manchester, M72
£95006/240.27 miRavenhurst, Upper Park Road, Salford2
£1,05009/250.27 miRavenhurst, Upper Park Road, Salford2
£1,15009/250.27 miRavenhurst, Upper Park Road, Salford2
£1,15010/250.27 miRavenhurst, Upper Park Road, Salford2
£95010/250.27 miRavenhurst, Upper Park Road, Salford2
£2,10001/250.27 mi-2
£1,95003/250.27 mi-2
£87508/250.27 mi62 Upper Park Road, Salford2
£95001/240.28 mi-2
£1,00005/240.28 mi-2
£87505/240.28 mi-2
£95010/250.28 mi-2
£97511/250.28 mi-2
£95010/250.28 miThe Mount, Salford, M72
£1,10010/250.28 mi-2
£92511/250.28 mi-2
£92511/250.28 miThe Mount, Salford, M72
£1,85006/250.28 miCarmona Court, Cavendish Road, Salford, M72
£1,85008/250.28 miCavendish Road, 37 Cavendish Road, M72
£95007/250.3 miVine Street, Salford, M72
£79505/240.3 mi-2
£85008/240.3 mi-2
£1,30009/250.3 miVine St, Manchester, M72
£1,30010/250.3 mi-2
£97503/250.31 mi-2
£1,15005/250.31 mi-2
£95005/240.32 miMontpellier Mews, Waterpark Road, Salford2
£65008/250.33 miMoorhill Court, Salford, M72
£99501/240.34 mi-2
£1,05004/250.34 mi-2
£92511/250.34 mi-2
£89508/250.38 miSt Pauls Rise, St Pauls Road, Salford2
£90008/250.39 miMoorside Road, Salford, M72
£79508/240.39 miPark Lea Court, Upper Park Road2
£85005/240.4 miSt. Pauls Road, Salford, M72
£89510/250.4 miSt. Pauls Road, St. Pauls Rise, M72
£75008/250.4 miUpper Park Road, Salford, M72
£1,20008/250.4 mi8-10 St Pauls Road, Salford, M72
£79510/250.4 miSt. Pauls Rise, Salford, Greater Manchester, M72
£79510/250.4 miSt. Pauls Rise, Salford, Greater Manchester, M72
£92509/250.42 miRoston Road, Salford2
£97509/250.42 mi-2
£1,05007/240.45 miPark Croft, 151 Bury Old Road2

Local Area Statistics

Population in M7

27,601

Population in Salford

88,697

Town centre distance

1.81 miles away

Nearest school

0.10 miles away

Nearest train station

0.91 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+31%

Sales demand

Seller's market

Capital growth (5yrs)

+43%

Property History

Listed for £130,000

February 15, 2025

Floor Plans

Property image

Description

S&S Estates Property Group are pleased to offer to the property market this spacious freshly decorated two bedroom apartment in the heart of Salford, within easy reach of Manchester City Centre and Media City along with the motorway network & close to all local community amenities such as stores, schools and places of Worship.

LOCATION:

A prime residential location, discreetly yet conveniently situated, Grosvenor Court can be reached via Bury New Road / Park Lane gaining immediate accessibility to all local amenities.

This second floor apartment has recently undergone a refurbishment including being fully repainted, fully re-floored and new lighting added.

The apartment briefly comprises:

COMMUNAL HALLWAY

Spacious, carpeted stairway, bright and welcoming

ENTRANCE

A bright and airy sky-light hallway, providing access to bedrooms, lounge / diner and bathrooms. Intercom and carpeted. Convenient storage units.

MASTER BEDROOM - 4.3m * 3.7m

Larger than average room, bright and spacious, carpeted, double glazed.

BEDROOM TWO - 2.9m * 3m

An additional good sized bedroom, rear facing, carpeted, double glazed

FAMILY BATHROOM

Good sized family bathroom, over head shower, glass shower screen, wash basin, frosted window, heated towel rail and double shaver point. New flooring.

WC

Separate from the bathroom for added convenience. Frosted window.

KITCHEN

A great sized kosher kitchen, two sinks, amply work and storage space, a range of base and wall units. Washing machine

LOUNGE / DINER - 5.4m * 3.8m

A bright and spacious dining room, with large floor to ceiling windows, balcony over looking rear of property, carpeted, wall and ceiling lights and access to the kitchen.

OTHER

Double glazed throughout
Electric heating system

Please see accompanying floor plans and pictures to fully appreciate this lovely spacious, yet cosy apartment.

GARAGE

A watertight garage is included in this sale.

TENURE

Leasehold 999 years from 25th December 1960. Ground rent £7.50 p.a.

SERVICE CHARGE

A monthly service charge of £120 pcm applies. [Solicitors to verify] This covers day to day maintenance such as gardening, window cleaning, internal cleaning and general repairs, site inspections, risk assessments and insurances

VIEWINGS

Strictly by appointment with S&S Estates Property Group only:

VALUATION

Do you have a property to sell? We can provide you with a free, non-obligatory market appraisal. We operate on a NO SALE NO FEE basis. Give our office a call and find out the value of your property.

NOTICE

Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs are provided for guidance only.

Council Tax Band: C
Tenure: Leasehold

Agent Details

S&S Property Group, Manchester

0161 773 5309

Next Steps?

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

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