2 Bed Flat, Refurb/BRRR, Salford, M7 4QX, £120,000

Milton Court, Bury Old Road, Salford, M7 4QX - 2 views - 2 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 6%
~68 m²
+6 photos

ValuationFair Value

Sold Prices£50K - £295K
Sold Prices/m²£831/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£120,000

 

 

End Value (After Refurb)

£190,180

Uplift in Value

+58%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Refurb Costs

£28,709

Bridging Loan Interest

£3,150

Total Cash In

£68,409

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£190,180

Agent Fees (1%)

£1,902

Bridging Loan

£90,000

Bridging Loan Interest

£3,150

Flip Profit

£29,869

Local Sold Prices

48 sold prices from £50K to £295K, average is £111K. £831/m² to £2.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£110K03/210.01 miFlat 10, Milton Court, Bury Old Road, Salford, Greater Manchester M7 4QX2
£155K03/210.01 miFlat 2, Bristol Court, Bury Old Road, Salford, Greater Manchester M7 4QX2
£295K06/210.26 miFlat 2, Lakeside Court, Old Hall Road, Salford, Greater Manchester M7 4JJ2
£143K03/240.29 miHaversham Court, Flat 4, Middleton Road, Manchester, Greater Manchester M8 4JY2
£163K07/230.3 miFlat 2, Haversham Court, Middleton Road, Manchester, Greater Manchester M8 4JY2
£50K12/200.31 mi36, Lower Brooklands Parade, Manchester, Greater Manchester M8 4JS2
£102K01/210.36 miFlat 11, Brookland Court, Middleton Road, Manchester, Greater Manchester M8 4JU2
£125K07/210.39 miFlat 10, Holland Court, Holland Road, Manchester, Greater Manchester M8 4WP2
£110K05/210.4 miFlat 18, Hilltop Court, Brooklands Road, Crumpsall, Manchester, Greater Manchester M8 4JH2
£50K12/200.42 mi36, Lower Brooklands Parade, Manchester, Greater Manchester M8 4JS2
£60K04/210.44 mi3, Claythorpe Walk, Manchester, Greater Manchester M8 4JQ2
£105K09/230.44 mi10, Claythorpe Walk, Manchester, Greater Manchester M8 4JQ2
£112K01/210.45 miFlat 12, Grosvenor Court, Park Lane, Salford, Greater Manchester M7 4JZ2
£100K11/200.46 miFlat 8, Lovell Court, Middleton Road, Manchester, Greater Manchester M8 4LB2
£141K09/230.46 miFlat 15, Lovell Court, Middleton Road, Manchester, Greater Manchester M8 4LB2
£230K10/210.47 miFlat 20, Sommerville Court, Park Lane, Salford, Greater Manchester M7 4HU2
£162.5K10/200.49 miFlat 2, Tall Trees, Westfield Street, Salford, Greater Manchester M7 4NG2
£115K06/210.5 miFlat 10, Tall Trees, Westfield Street, Salford, Greater Manchester M7 4NG2
£165K11/220.5 miFlat 16, Tall Trees, Westfield Street, Salford, Greater Manchester M7 4NG2
£81K09/210.5 mi50, Bowker Bank Avenue, Crumpsall, Manchester, Greater Manchester M8 4LF2
£100K07/210.5 mi48, Bowker Bank Avenue, Manchester, Greater Manchester M8 4LF2
£145K12/220.51 miFlat 18, Cavendish Court, Holden Road, Salford, Greater Manchester M7 4LW2
£149K11/230.52 miFlat 16, Tower Grange, New Hall Road, Salford, Greater Manchester M7 4EL2
£101K03/210.52 miFlat 2, Tower Grange, New Hall Road, Salford, Greater Manchester M7 4EL2
£140K08/230.66 miFlat 17, Riverview Court, Moor End Avenue, Salford, Greater Manchester M7 3NX2
£127K12/200.66 miFlat 15, Riverview Court, Moor End Avenue, Salford, Greater Manchester M7 3NX2
£82K12/200.66 miFlat 26, Riverview Court, Moor End Avenue, Salford, Greater Manchester M7 3NX2
£100K09/230.66 miFlat 16, Riverview Court, Moor End Avenue, Salford, Greater Manchester M7 3NX2
£106K11/200.8 mi102, Roch Bank, Manchester, Greater Manchester M9 8FL2
£120K10/220.8 mi76, Roch Bank, Manchester, Greater Manchester M9 8FL2
£136.5K10/210.84 mi46, Mayfield Road, Salford, Greater Manchester M7 3WZ2
£120K01/230.84 mi3, Betula Grove, Salford, Greater Manchester M7 2AB2
£68.8K11/200.85 miApartment 605, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU2
£80K09/230.85 miApartment 1202, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU2
£77.5K02/230.85 miGround Floor Apartments G04, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU2
£93K08/230.85 miApartment 1304, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU2
£125K09/220.86 mi4, Martingale Court, Manchester, Greater Manchester M8 0AR2
£96K05/210.86 mi35, Deanery Court, Manchester, Greater Manchester M8 0AU2
£100K05/220.86 mi12, Deanery Court, Manchester, Greater Manchester M8 0AU2
£95K03/210.86 mi7, Deanery Court, Manchester, Greater Manchester M8 0AU2
£135K11/220.86 mi30, Deanery Court, Manchester, Greater Manchester M8 0AU2
£110K12/220.86 mi7, Deanery Court, Manchester, Greater Manchester M8 0AU2
£95K07/220.88 miApartment 804, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU2
£150K06/210.9 miFlat 2, Norwood Lodge, Vine Street, Salford, Greater Manchester M7 3PB2
£103K11/210.9 mi74, Martingale Court, Manchester, Greater Manchester M8 0AR2
£140K09/230.9 mi64, Martingale Court, Manchester, Greater Manchester M8 0AR2
£132.5K04/210.9 miFlat 4, Norwood Lodge, Vine Street, Salford, Greater Manchester M7 3PB2
£215K09/210.93 miFlat 5, Woodcliffe Lodge, Sedgley Park Road, Prestwich, Manchester, Greater Manchester M25 0JX2

Local Rents

48 rents from £650/mo to £2.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£89507/240 miBury Old Road, Bristol Court, M72
£1,05007/240 miPark Croft, 151 Bury Old Road2
£1,00007/240.03 miMilton Court, Bury Old Road, Salford, M7 4QX2
£1,10005/240.03 mi-2
£85005/240.05 miBerkeley Court, Bury Old Road, Salford2
£1,10007/240.05 miBury Old Road, Salford, M72
£79508/240.05 miPark Lea Court, Upper Park Road2
£95005/240.12 miMontpellier Mews, Waterpark Road, Salford2
£85006/240.18 miLeicester Avenue, Salford, Greater Manchester, M72
£95007/240.19 miLeicester Avenue, Salford, Greater Manchester, M72
£2,20001/250.2 mi-2
£2,20001/250.2 mi-2
£95006/240.22 miRavenhurst, Upper Park Road, Salford2
£85005/240.22 miLeicester Avenue, Salford, Greater Manchester, M72
£1,09505/240.23 mi-2
£1,19506/240.23 mi-2
£1,09506/240.23 mi-2
£1,10006/240.23 mi-2
£1,09502/250.23 mi-2
£1,19505/240.23 miPolygon Road, Manchester, M82
£1,09505/240.23 miPolygon Road, Manchester, M82
£1,09505/240.23 miPolygon Road, Manchester, M82
£1,09505/240.23 miPolygon Road, Manchester, M82
£1,09506/240.23 mi-2
£95004/250.25 mi-2
£97503/250.29 mi-2
£99501/240.29 mi-2
£1,05004/250.29 mi-2
£80006/240.31 miMiddleton Road, Manchester2
£80006/240.31 miMiddleton Road, Manchester2
£1,00004/250.32 mi-2
£87505/240.32 miSeymour Road, Manchester2
£89505/240.35 miSt Marys Hall Road, Manchester, M82
£1,19505/240.36 mi-2
£1,19502/240.36 mi-2
£1,09502/250.36 mi-2
£95007/240.39 miRectory Road, Manchester, M82
£2,25003/250.43 mi-2
£1,75007/240.44 miSingleton Road, Salford2
£82505/240.44 mi-2
£2,30001/250.47 mi-2
£1,30003/250.49 mi-2
£1,20003/250.49 mi-2
£85005/240.5 miCavendish Road, Salford, Greater Manchester, M72
£2,10001/250.59 mi-2
£1,95003/250.59 mi-2
£65002/250.59 mi-2
£1,10004/250.62 mi-2

Local Area Statistics

Population in M7

27,601

Population in Salford

88,697

Town centre distance

2.25 miles away

Nearest school

0.10 miles away

Nearest train station

0.46 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+36%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £120,000

February 15, 2025

Floor Plans

Description

S&S Estates Property Group are delighted to bring this ideally situated second floor, two bedroom family apartment to the property market. This spacious property sits amongst beautifully lawned gardens and is ideally located just off Bury Old Road, Salford, placing it within easy reach of all community amenities such as schools, stores, grocery's and Synagogues, and within easy access to Prestwich Shopping village, Cheetham Hill Shopping Village, Manchester City Centre and Media City along with the main motorway network.

Milton Court is managed & maintained to a very high standard, with weekly internal cleaning, regular garden maintenance, a bespoke waste collection service, regular site inspections and is heavily compliant with all regulations, liabilities and annual risk assessments, ensuring the building and grounds are upheld & maintained, providing comfortable, safe and reliable living accommodations for its residents.

Briefly comprising of a good sized kitchen, spacious open plan lounge / diner, two great sized double bedrooms, large floor to ceiling windows, family bathroom and separate wc.

The property is in need of modernisation and provides endless potential for a first time buyer or investor to place their stamp on a two bedroom apartment in a highly sought after, and ideally situated, residential block.

WELCOME HALLWAY

Carpeted landings, large windows overlooking central lawns and Intercom system.

HALLWAY - 6.1m

OPEN PLAN LOUNGE / DINER - 5.2m * 3.75m

KITCHEN - 3.3m * 2.5m

MASTER BEDROOM - 4.3m * 3.4m

BEDROOM TWO - 4.3m * 2.5m

FAMILY BATHROOM

SEPARATE WC

TENURE

Leasehold. 999 years from 1971. Buyers solicitors to verify details.

SERVICE CHARGES

A monthly service charge of £110 pcm applies. This covers day to day maintenance such as gardening, window cleaning, water bills, internal cleaning and general repairs, site inspections, risk assessments and insurances. A minimal ground rent of £15 p/a applies.

GARAGE

A garage is included in this sale.

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.

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 💪