2 Bed Flat, Single Let, Salford, M5 5AE £110,000

Canterbury Gardens, Reeves Court, M5 5AE - 1 views - 9 months ago
Sold STC
Leasehold
BTL
ROI: 7%
~68 m²
Property image

ValuationUndervalued

Sold Prices£80K - £240K
Sold Prices/m²£205/m² - £3.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£134,200
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Total Cash In

£34,200

 

 

Cash Out

 

Rent Range

£675 - £1,450

Rent Estimate

£693

Running Costs/mo

£502

Cashflow/mo

£191

Cashflow/yr

£2,288

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £80K to £240K, average is £134K. £205/m² to £3.4K/m², average is £2.3K/m².

Price
Date
Distance
Address
Beds
 
£92K05/230.01 miFlat 32, Reeves Court, Canterbury Gardens, Salford, Greater Manchester M5 5AE2
£105K08/250.04 miFlat 39, Reeves Court, Canterbury Gardens, Salford M5 5AE2
£140K01/250.04 miSquires Court, Flat 10, Canterbury Gardens, Salford M5 5AD2
£80K06/250.04 miFlat 2, Squires Court, Canterbury Gardens, Salford M5 5AD2
£80K06/250.04 miFlat 2, Squires Court, Canterbury Gardens, Salford M5 5AD2
£120K10/230.04 miSquires Court, Flat 7, Canterbury Gardens, Salford, Greater Manchester M5 5AD2
£120.3K07/210.08 miFlat 52, Knights Court, Canterbury Gardens, Salford, Greater Manchester M5 5AB2
£126K12/220.08 miFlat 16, Knights Court, Canterbury Gardens, Salford, Greater Manchester M5 5AB2
£127.5K01/240.08 miFlat 48, Knights Court, Canterbury Gardens, Salford, Greater Manchester M5 5AB2
£120K12/240.09 miLadywell Point, Apartment 188, Pilgrims Way, Salford M50 1AZ2
£122.5K12/210.09 miApartment 229, Ladywell Point, Pilgrims Way, Salford, Greater Manchester M50 1AZ2
£134K09/230.09 miApartment 196, Ladywell Point, Pilgrims Way, Salford, Greater Manchester M50 1AZ2
£126K02/250.13 miFriars Court, Flat 42, Canterbury Gardens, Salford M5 5AH2
£108.5K03/230.15 mi18, Ennismore Avenue, Eccles, Manchester, Greater Manchester M30 0AQ2
£182K09/230.31 miFlat 3, Portland House, Eccles Old Road, Salford, Greater Manchester M6 8HJ2
£171.8K07/220.31 miFlat 13, Portland House, Eccles Old Road, Salford, Greater Manchester M6 8HJ2
£155K02/230.34 miFlat 21, Knowles Court, Eccles Old Road, Salford, Greater Manchester M6 8ES2
£110K06/210.38 miFlat 8, Thirkhill Place, Clarendon Road, Eccles, Manchester, Greater Manchester M30 9AA2
£115.5K06/210.38 miFlat 4, Thirkhill Place, Clarendon Road, Eccles, Manchester, Greater Manchester M30 9AA2
£160K06/250.45 mi23, St James Court, Salford M6 8EH2
£160K06/250.45 mi23, St James Court, Salford M6 8EH2
£121K10/210.45 miFlat 20, Cranford House, Half Edge Lane, Eccles, Manchester, Greater Manchester M30 9GT2
£150K03/250.46 mi11, St James Court, Salford M6 8EH2
£150K03/250.46 mi11, St James Court, Salford M6 8EH2
£134K08/230.47 mi11, Whitby Avenue, Salford, Greater Manchester M6 8BW2
£152K08/220.47 mi14, Whitby Avenue, Salford, Greater Manchester M6 8BW2
£126.1K12/240.48 mi54, Little Bolton Terrace, Salford M5 5BD2
£165K02/250.49 miFlat 26, The Hollies, Eccles Old Road, Salford M6 8AL2
£165K02/250.49 miThe Hollies, Flat 26, Eccles Old Road, Salford M6 8AL2
£113K10/210.49 mi39, Little Bolton Terrace, Salford, Greater Manchester M5 5BD2
£135K11/220.49 mi78, Little Bolton Terrace, Salford, Greater Manchester M5 5BD2
£140K10/220.49 mi11, Little Bolton Terrace, Salford, Greater Manchester M5 5BD2
£140K11/230.49 mi5, Little Bolton Terrace, Salford M5 5BD2
£240K12/240.57 mi1 Ellesmere House, 8, Sandwich Road, Manchester M30 9HD2
£240K12/240.57 mi8, 1 Ellesmere House, Sandwich Road, Manchester M30 9HD2
£205K10/240.58 miDenefield Place, Flat 9, Sandwich Road, Manchester M30 9HD2
£180K06/250.6 miFlat 6, 14 16 Abbey Lodge, Abbey Grove, Manchester M30 9QN2
£180K06/250.6 miFlat 6, 14 16 Abbey Lodge, Abbey Grove, Manchester M30 9QN2
£160K03/250.61 mi78, Lancaster Road, Salford M6 8AW2
£160K03/250.61 mi78, Lancaster Road, Salford M6 8AW2
£162K11/210.62 mi4, Dante Close, Eccles, Manchester, Greater Manchester M30 9DT2
£169K06/250.62 mi16, 1 Ash Lea Grange, Half Edge Lane, Manchester M30 9RG2
£100K08/250.64 mi64, Eccles Fold, Manchester M30 0NT2
£120.5K11/220.64 mi19, Eccles Fold, Eccles, Manchester, Greater Manchester M30 0NT2
£117K11/220.64 mi58, Eccles Fold, Eccles, Manchester, Greater Manchester M30 0NT2
£128K12/230.64 mi56, Eccles Fold, Eccles, Manchester, Greater Manchester M30 0NT2
£138.5K11/210.66 mi3, Wortley Avenue, Salford, Greater Manchester M6 8DB2
£125K12/240.66 miRiddell Court, 21, Sheader Drive, Salford M5 5BW2
£130K01/250.66 miRiddell Court, 22, Sheader Drive, Salford M5 5BW2
£130K05/250.66 mi19, Riddell Court, Sheader Drive, Salford M5 5BW2

Local Rents

50 rents from £675/mo to £1.4K/mo, average is £1.1K/mo.

Rent
Date
Distance
Address
Beds
 
£90012/240.03 mi-2
£1,05010/250.04 miCanterbury Gardens, Salford, Greater Manchester, M52
£99905/240.04 mi-2
£90007/250.04 miCanterbury Gardens, Salford2
£1,05007/250.04 miCanterbury Gardens, Salford2
£97508/250.04 miCanterbury Gardens, Salford2
£1,07505/240.08 mi-2
£99506/250.08 miCanterbury Gardens, Salford2
£1,05008/250.08 miPilgrims Way, Salford, Greater Manchester, M502
£1,15009/250.08 miLadywell Point, Pilgrims Way, Salford, M50 1AW2
£1,05002/240.08 mi-2
£1,00006/240.08 mi-2
£1,20010/250.08 mi-2
£1,20005/240.08 miLadywell Point Block B, Manchester, M502
£1,20009/250.08 miLadywell Point, Salford, M502
£1,15005/240.08 miLadywell Point Block B, Salford Quays2
£1,10009/250.08 miPilgrims Way, Salford, Greater Manchester, M502
£99508/250.08 miPilgrims Way, Salford, Manchester, M502
£1,40005/240.08 mi-2
£1,45001/250.08 mi-2
£1,35009/250.08 mi-2
£1,40005/240.08 miKnights Court, Salford, M52
£72508/250.08 miLadywell Point Pilgrims Way, Salford, M502
£1,10008/250.08 miLadywell Point, Salford, M502
£1,05009/250.08 miLadywell Point, Pilgrims Way, Salford, M502
£1,05011/250.09 miPilgrims Way, Salford, M502
£70008/250.09 miLadywell Point Pilgrims Way, Salford, M502
£72508/250.09 miLadywell Point Pilgrims Way, Salford, M502
£72507/250.09 miLadywell Point Pilgrims Way, Salford, M502
£97506/240.09 miPilgrims Way, Salford2
£1,00011/250.09 miPilgrims Way, Salford2
£1,05005/240.1 mi-2
£1,10011/250.1 mi-2
£1,15010/250.1 mi-2
£1,05005/240.1 miLadywell Point, Salford, M502
£1,15010/250.1 miLadywell Point, Salford, M502
£1,10011/250.1 miLadywell Point, Salford, M502
£67508/250.1 miPilgrims Way, Salford2
£1,30002/250.11 mi-2
£1,05005/240.12 miPilgrims Way, Salford, M502
£95005/240.12 miPilgrims Way, Salford, M502
£1,05011/250.12 miPilgrims Way, Salford, M502
£1,20006/250.12 miPilgrims Way, Salford, Greater Manchester, M502
£1,10007/250.12 miLadywell Point, Salford, M50 1AW2
£69507/250.12 miLadywell Point, Pilgrims Way, Eccles, M502
£85008/250.12 miPilgrims Way, Salford, M502
£1,10006/240.12 miPilgrims Way, Salford, M502
£1,12508/250.12 miPilgrims Way, Salford, M502
£1,10008/250.12 miPilgrims Way, Salford, M502
£1,15007/250.12 miPilgrims Way, Salford, M502

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

1.68 miles away

Nearest school

0.10 miles away

Nearest train station

0.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Buyer's market

Capital growth (5yrs)

-2%

Property History

Price changed to £110,000

April 5, 2025

Listed for £120,000

February 20, 2025

Floor Plans

Property image

Description

  • Fantastic Two Bedroom First Floor Apartment +
  • Located on the Popular Canterbury Gardens Development +
  • Just a Short Walk from Salford Royal Hospital +
  • A Stone's Throw from Ladywell Tram Stop, which Provides Direct Access into Salford Quays, Media City and Manchester City Centre +
  • Spacious Lounge Diner +
  • Two Double Bedrooms +
  • Fitted Kitchen and a Three-Piece Bathroom +
  • Benefits from Communal Parking and Communal Gardens +
  • Secure Intercom Access +
  • Viewing is Highly Recommended! +

TAKE A LOOK at this Fantastic Two Bedroom Apartment, Located on the Popular Canterbury Gardens Development! Located Just a Stone’s Throw from Ladywell Tram Stop, which Provides Direct Access into Salford Quays, Media City and Manchester City Centre! As you enter the property you head into a welcoming entrance hallway with plenty of storage. From here, you will find two double bedrooms, a fitted kitchen, a three-piece bathroom and a generously-sized lounge diner. The development benefits from communal parking, secure intercom access and well-maintained communal gardens. It is situated in a convenient location, within walking distance of Eccles Town Centre and West One retail park, which provide a range of amenities including shops, pubs and restaurants. Ladywell tram stop is just a stone’s throw from the development, providing direct access into Salford Quays, Media City and Manchester City Centre. Viewing is highly recommended - get in touch to secure your viewing today!

EPC Rating: C

Agent Details

Hills, Eccles

0161 707 4900

Next Steps?

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