2 Bed Flat, Single Let, Salford, M5 4LH, £150,000

Middlewood Street, Salford, M5 4LH - 2 views - 2 months ago

Leasehold
BTL
ROI: 8%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£102K - £430K
Sold Prices/m²£1.7K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£185,351
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£950 - £3,500

Rent Estimate

£961

Running Costs/mo

£681

Cashflow/mo

£280

Cashflow/yr

£3,361

ROI

8%

Gross Yield

8%

Local Sold Prices

52 sold prices from £102K to £430K, average is £169K. £1.7K/m² to £4.4K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£128K02/210.25 miFlat 19, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£130K05/230.25 miFlat 2, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£127.5K07/230.25 miFlat 11, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£150K11/220.28 miFlat 42, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£110K11/200.28 miFlat 41, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£102K03/210.28 miFlat 101, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£136.1K01/230.28 miFlat 66, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K03/230.28 miFlat 102, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K07/230.28 miFlat 90, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£171.5K07/210.3 miApartment 49, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£173K11/210.3 miApartment 72, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£276.5K02/210.39 miFlat 11, Old Court House, Encombe Place, Salford, Greater Manchester M3 6FJ2
£114K11/230.4 miApartment 1, Renolds House, Everard Street, Salford, Greater Manchester M5 4UB2
£153K12/230.4 miRenolds House, Apartment 19, Everard Street, Salford, Greater Manchester M5 4UB2
£210K03/210.4 mi19, Woollam Place, Manchester, Greater Manchester M3 4JJ2
£180K12/220.42 miApartment 47, Slater House, Woden Street, Salford, Greater Manchester M5 4UE2
£165K09/210.42 miFlat 17, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£205K03/230.42 miFlat 32, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£230K08/210.42 mi32, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£212K09/210.42 mi28, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£152.5K02/230.42 miFlat 30, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£200K03/230.43 miFlat 28, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£208K02/210.43 mi133d, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£240K04/210.43 mi127f, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£170K06/230.54 mi22, Brotherton Drive, Salford, Greater Manchester M3 6BH2
£170K06/230.54 mi22, Brotherton Drive, Salford, Greater Manchester M3 6BH2
£170K09/210.58 miFlat 12, Model Lodging House, Bloom Street, Salford, Greater Manchester M3 6AJ2
£330K12/220.58 miFlat 36, Model Lodging House, Bloom Street, Salford, Greater Manchester M3 6AJ2
£220K06/210.58 mi29, Rozel Square, Manchester, Greater Manchester M3 4FQ2
£250K07/210.58 miFlat 301, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£260K06/230.58 miFlat 108, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£210K09/210.59 miFlat 202, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£294K12/200.59 mi11, Culvercliff Walk, Manchester, Greater Manchester M3 4FL2
£277K07/210.59 mi1, Culvercliffe Walk, Manchester, Greater Manchester M3 4FL2
£145K06/210.6 mi10, Bevill Square, Salford, Greater Manchester M3 6BB2
£166K07/230.61 mi19, Lockett Gardens, Salford, Greater Manchester M3 6BJ2
£166K07/230.61 mi19, Lockett Gardens, Salford, Greater Manchester M3 6BJ2
£430K01/230.62 miSuite 509, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£400K04/210.62 miApartment 310, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£350K04/210.62 miApartment 301, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£131.5K11/200.62 mi66, Linen Court, Salford, Greater Manchester M3 6JG2
£168K12/220.62 mi61, Linen Court, Salford, Greater Manchester M3 6JG2
£170K05/230.62 mi17, Linen Court, Salford, Greater Manchester M3 6JG2
£153.5K03/210.62 mi41, Greenwood Terrace, Salford, Greater Manchester M5 3GH2
£166K01/230.62 mi57, Linen Court, Salford, Greater Manchester M3 6JG2
£285K06/210.64 mi28, Porchfield Square, Manchester, Greater Manchester M3 4FG2
£130K01/210.64 miFlat 29, Thomas Court, Beattock Close, Manchester, Greater Manchester M15 4JA2
£125K08/210.64 mi44, Calico Close, Salford, Greater Manchester M3 6AH2
£135K02/230.64 mi38, Calico Close, Salford, Greater Manchester M3 6AH2
£120K04/210.69 mi25, Chiffon Way, Salford, Greater Manchester M3 6AB2
£125K10/200.7 mi59, Blackburn Street, Salford, Greater Manchester M3 6AS2
£134K11/200.7 mi53, Blackburn Street, Salford, Greater Manchester M3 6AS2

Local Rents

50 rents from £950/mo to £3.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,10005/240.01 miFusion 3, 14 Middlewood Street, Salford, M52
£1,15006/240.01 miMiddlewood Street, Salford, M52
£1,15006/240.01 miMiddlewood Street, Salford, M52
£1,09505/240.02 miFusion 9, Middlewood Street, Salford, M52
£1,09506/240.02 miFusion 9, Middlewood Street, Salford, M52
£2,89505/240.02 miMiddlewood Street, Manchester, Greater Manchester, M52
£1,10005/240.02 miFusion, Salford, M52
£1,40012/240.03 mi-2
£1,35005/240.03 miFusion 7, Middlewood Street, Salford, Manchester, M52
£1,15006/240.03 miFusion 8, Middlewood Street, Salford, Manchester, M52
£1,15005/240.03 miApartment 2, Fusion 5, 10 Middlewood Street, Salford M5 4LN2
£1,49505/240.03 miMiddlewood Street, Salford M52
£99505/240.04 miMiddlewood Street, Salford, Greater Manchester, M5 4LH2
£95006/240.04 mi-2
£95006/240.04 miFusion 6, Salford, M52
£1,35005/240.04 miOldfield Road, Manchester, Greater Manchester, M52
£1,10005/240.04 miFusion 8, 4 Middlewood Street, Salford, Greater Manchester, M52
£1,15003/250.04 mi-2
£2,10001/250.05 mi-2
£2,25002/240.05 mi-2
£2,45005/240.05 mi-2
£2,30006/240.05 mi-2
£99506/240.05 mi-2
£99505/240.05 miMiddlewood Street, Salford, M52
£95003/250.05 mi-2
£1,49503/250.05 mi-2
£1,07512/240.05 mi-2
£1,40003/250.06 mi-2
£2,80006/240.06 mi-2
£1,25005/240.06 mi-2
£1,30005/240.06 mi-2
£1,35006/240.06 mi-2
£3,50006/240.06 mi-2
£2,90006/240.06 mi-2
£1,40006/240.06 mi-2
£3,00006/240.06 mi-2
£2,00012/240.06 mi-2
£1,40012/240.06 mi-2
£1,80012/240.06 mi-2
£2,20001/250.06 mi-2
£1,44003/250.06 mi-2
£1,65003/250.06 mi-2
£3,00005/240.06 mi-2
£3,00006/240.06 mi-2
£3,00006/240.06 mi-2
£1,45005/240.06 mi-2
£1,49505/240.06 miRolling Street, Salford M52
£1,00005/240.07 miMiddlewood Street, Salford, Greater Manchester, M52
£1,25006/240.07 mi-2
£1,25005/240.07 miFusion Apartments, Salford, M52

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

2.32 miles away

Nearest school

0.30 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Buyer's market

Capital growth (5yrs)

+6%

Property History

Listed for £150,000

February 20, 2025

Floor Plans

Description

  • SPACIOUS TWO BEDROOM APARTMENT +
  • Coming to the market CHAIN FREE +
  • Within WALKING DISTANCE TO MANCHESTER CITY CENTRE +
  • Modern FITTED KITCHEN AND BATHROOM +
  • SECURE ALLOCATED PARKING +
  • JULIETTE BALCONY in Living space and Master bedroom! +
  • EN-SUITE in Master Bedroom +
  • Third floor apartment WITH LIFT ACCESS +
  • EWS1 FORM AVAILABLE +
  • Within easy access of EXCELLENT TRANSPORT LINKS into SALFORD QUAYS, MEDIA CITY AND MANCHESTER CITY CENTRE +

Spacious TWO BEDROOM APARTMENT coming to the market CHAIN FREE!

Situated WITHIN WALKING DISTANCE OF MANCHESTER CITY CENTRE, this TWO BEDROOM modern apartment is situated on the third floor and benefits from LIFT ACCESS.

This fantastic TWO BEDROOM APARTMENT boasts a MODERN FITTED KITCHEN AND BATHROOM, SECURE ALLOCATED PARKING, and TWO JULIETTE BALCONIES- one in the living space and another in the MASTER BEDROOM which also benefits from AN EN-SUITE! Completing the space is a spacious lounge which would be perfect for families or for entertaining. This fantastic property is in Prime Location, boasting modern local amenities as well as the existing Regent Retail Park being within close proximity to the development. The property is a stones throw away from MANCHESTER CITY CENTRE and with Excellent Transport Links to Media City and other areas!

The property also benefits from well-kept communal areas and A COMMUNAL COURTYARD! Don't miss out on the chance to secure this fantastic flat – contact us today to arrange a viewing !

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 💪