3 Bed Terraced House, Single Let, Salford, M7 2JU, £200,000

Cromwell Grove, Salford, M7 2JU - 2 views - 2 months ago

Under Offer
BTL
ROI: 5%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£100K - £400K
Sold Prices/m²£1.3K/m² - £4.5K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£205,771
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Rent Range

£975 - £3,495

Rent Estimate

£1,113

Running Costs/mo

£868

Cashflow/mo

£245

Cashflow/yr

£2,945

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £100K to £400K, average is £200K. £1.3K/m² to £4.5K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£170K11/220.01 mi9, Cromwell Grove, Salford, Greater Manchester M7 2JU3
£230K11/210.03 mi6, St Boniface Road, Salford, Greater Manchester M7 2GE3
£100K05/210.07 mi15, Minoan Gardens, Salford, Greater Manchester M7 2JL3
£220K02/240.07 mi2, Minoan Gardens, Salford, Greater Manchester M7 2JL3
£265K08/230.1 mi70, Camp Street, Salford, Greater Manchester M7 1LG3
£260K01/230.1 mi68, Camp Street, Salford, Greater Manchester M7 1LG3
£202K04/230.15 mi17, Gosport Square, Salford, Greater Manchester M7 1LZ3
£187K08/220.16 mi7, Gosport Square, Salford, Greater Manchester M7 1LZ3
£230K05/210.16 mi57, Kempster Gardens, Salford, Greater Manchester M7 1AE3
£215K01/210.17 mi38, Kempster Gardens, Salford, Greater Manchester M7 1AD3
£175K06/240.17 mi11, Greyhound Drive, Salford, Greater Manchester M6 6ER3
£149K06/210.24 mi1, Welford Street, Salford, Greater Manchester M6 6BB3
£160K07/240.27 mi182, Cromwell Road, Salford, Greater Manchester M6 6DE3
£153K11/200.27 mi80, Blandford Road, Salford, Greater Manchester M6 6BE3
£118K12/200.27 mi62, Blandford Road, Salford, Greater Manchester M6 6BE3
£166.5K11/210.39 mi8, Auriga Walk, Salford, Greater Manchester M7 1BA3
£135K11/200.43 mi4, London Street, Salford, Greater Manchester M6 6QT3
£130K11/230.46 mi9, Milnthorpe Street, Salford, Greater Manchester M6 6DS3
£126K12/220.46 mi30, Pentlands Avenue, Salford, Greater Manchester M7 2YG3
£182K02/240.47 mi48, Rockley Gardens, Salford, Greater Manchester M6 6QW3
£235K08/220.48 mi17, Murray Street, Salford, Greater Manchester M7 2DX3
£132K03/210.48 mi8, Romney Street, Salford, Greater Manchester M6 6DG3
£215K12/230.5 mi31, Hilton Street, Salford, Greater Manchester M7 2YQ3
£157K06/240.5 mi10, Strawberry Hill, Salford, Greater Manchester M6 6AH3
£200K10/210.51 mi8, Wellington Street West, Salford, Greater Manchester M7 2FH3
£170K10/200.52 mi6, Velour Close, Salford, Greater Manchester M3 6AP3
£170K03/210.53 mi9, Kipling Street, Salford, Greater Manchester M7 2FF3
£260K12/220.53 mi27, Kipling Street, Salford, Greater Manchester M7 2FF3
£262.5K07/230.54 mi142, Blackburn Street, Salford, Greater Manchester M3 6AS3
£200K11/220.55 mi12, Oswald Close, Salford, Greater Manchester M6 6SL3
£400K03/230.56 mi11, Mallow Drive, Salford, Greater Manchester M7 1RA3
£145K02/210.56 mi225, Littleton Road, Salford, Greater Manchester M7 3TJ3
£145K02/210.56 mi225, Littleton Road, Salford, Greater Manchester M7 3TJ3
£179.5K12/220.57 mi40, Wellington Street West, Salford, Greater Manchester M7 2FH3
£330K04/220.59 mi59, Meadow Road, Salford, Greater Manchester M7 1PA3
£300K06/230.6 mi51, Wellington Street West, Salford, Greater Manchester M7 2FL3
£266K07/220.6 mi81, Linen Court, Salford, Greater Manchester M3 6JG3
£218K09/210.61 mi47, Calico Close, Salford, Greater Manchester M3 6AH3
£218K09/210.62 mi47, Calico Close, Salford, Greater Manchester M3 6AH3
£180K04/240.62 mi275, Littleton Road, Salford, Greater Manchester M7 3TB3
£215K03/220.63 mi23, Calico Close, Salford, Greater Manchester M3 6AH3
£185K08/220.63 mi26, Valencia Road, Salford, Greater Manchester M7 3TD3
£320K03/210.63 mi65, Meadow Road, Salford, Greater Manchester M7 1PA3
£240K03/230.63 mi15, Meadow Road, Salford, Greater Manchester M7 1PA3
£195K10/220.64 mi2, Sandering Drive, Manchester, Greater Manchester M8 8YT3
£200K05/210.65 mi6, Bradshaw Street, Salford, Greater Manchester M7 4UB3
£205K01/230.66 mi41, Northallerton Road, Salford, Greater Manchester M7 3TP3
£205K08/230.66 mi1, Olanyian Drive, Manchester, Greater Manchester M8 8YU3
£210K12/230.66 mi3, Olanyian Drive, Manchester, Greater Manchester M8 8YU3
£255K02/210.68 mi2a, Hope Street, Salford, Greater Manchester M7 2ES3

Local Rents

50 rents from £975/mo to £3.5K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£97508/240.02 miThe Avenue, Salford3
£1,25003/250.04 mi-3
£1,35007/240.09 mi266 Lower Broughton Road, Salford, M73
£1,30005/240.1 miNeptune Gardens, Salford, M73
£1,40007/240.1 miCamp Street, Salford, M73
£1,40002/240.1 mi-3
£1,40008/240.1 mi-3
£1,20005/240.11 miMinoan Gardens, Salford, M73
£1,20006/240.11 mi-3
£1,40001/250.17 mi-3
£3,20005/240.2 mi-3
£1,62501/250.2 mi-3
£1,55005/240.21 mi-3
£1,45003/250.21 mi-3
£1,35001/250.21 mi-3
£1,63505/240.22 miBarnabas Drive, Salford, M63
£1,63505/240.22 miBarnabas Drive, Salford, M63
£1,20002/250.23 mi-3
£2,60003/250.23 mi-3
£2,60004/250.23 mi-3
£1,49005/240.24 miGerald Road, Salford, M63
£1,10005/240.25 miGerald Road, Salford3
£1,20007/240.25 mi-3
£1,50004/250.25 mi-3
£1,69505/240.26 miVentnor Street, Salford, Manchester, M63
£1,20005/240.26 miBeeley Street, Salford, M63
£1,20005/240.27 miCromwell Road, Salford, M63
£1,45003/250.27 mi-3
£1,35004/250.27 mi-3
£1,45003/250.27 mi-3
£1,85004/250.27 mi-3
£2,80012/240.27 mi-3
£2,40003/250.27 mi-3
£1,65003/250.28 mi-3
£2,90006/240.28 mi-3
£3,20003/250.28 mi-3
£3,00004/250.28 mi-3
£1,55001/250.28 mi-3
£1,50005/240.28 mi-3
£1,60004/250.28 mi-3
£1,55005/240.32 miShergar Way, Salford, Greater Manchester, M63
£99503/250.32 mi-3
£1,68008/240.32 mi-3
£1,68007/240.32 miHatton Gardens, Salford, M73
£3,49501/250.32 mi-3
£1,65005/240.33 miStan Mellor Close Salford M6 6QB3
£1,49508/240.33 miAlban Street, Salford, Greater Manchester, M73
£1,35005/240.34 miHatton Gardens, New Broughton, Salford, Greater Manchester, M73
£1,50004/250.34 mi-3
£1,50007/240.35 miAlban Street, Salford3

Local Area Statistics

Population in M7

27,601

Population in Salford

88,697

Town centre distance

1.54 miles away

Nearest school

0.30 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+36%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £200,000

February 24, 2025

Floor Plans

Description

  • MODERN INTERIOR +
  • EASY ACCESS TO SALFORD UNIVERSITY +
  • FREEHOLD PROPERTY +
  • POPULAR RESIDENTIAL LOCATION +
  • NO VENDOR CHAIN +
  • NEWLY FITTED BATHROOM +
  • CATCHMENT AREA FOR GOOD SCHOOLS +
  • MOVE IN READY PROPERTY +
  • CLOSE TO MANCHESTER CITY CENTRE +
  • EARLY & INTERNAL VIEWING HIGHLY RECOMMENDED +

The Property
BEAUTIFULLY PRESENTED THREE BEDROOM MID TERRACE PROPERTY * IDEAL FOR FIRST TIME BUYERS, YOUNG PROFESSIONALS, FAMILES & BUY TO LET LANDLORDS LOOKING FOR A GOOD RETURN * WALKING DISTANCE TO LOCAL AMENITIES * CLOSE TO SALFORD TOWN CENTRE WITH ITS ARRAY OF SHOPS, BARS, RESTAURANTS, SUPERMARKETS & GENERAL LOCAL AMENITIES * SALFORD CRESCENT TRAIN STATION UNDER ONE MILE FROM THE PROPERTY * FANTASTIC BUS ROUTES INTO MANCHESTER CITY CENTRE & BEYOND * EARLY & INTERNAL VIEWING HIGHLY RECOMMENDED ***

Porch
Ideal as a cloakroom with door to:-

Lounge
Double glazed window and radiator.

Inner Hall
Stairs to first floor.

Kitchen
A range of low and eye level units incorporating a stainless steel sink and drainer unit, built in four ring hob with stainless steel splash back and stainless steel extractor fan over, space for washing machine and fridge freezer, breakfast bar area, radiator, double glazed window, door to under stairs storage cupboard and door to rear garden.

First Floor Landing
Loft access which can be used for stoarge.

Bedroom One
Double glazed window and radiator.

Bedroom Two
Double glazed window and radiator.

Bedroom Three
Double glazed window and radiator.

Bathroom
A modern three piece suite comprising of bath, low level WC, vanity unit housing sink unit, partly tiled walls, spot lights to ceiling, double glazed window and radiator.

Outside
To the front of the property is a garden area with artificial grass and to the rear of the property is an enclosed lawned garden and paved patio area.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Manchester

0161 524 9265

Next Steps?

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