2 Bed Flat, Single Let, Salford, M5 4LH, £123,000

Middlewood Street, Manchester, M5 4LH - a month ago

Leasehold
BTL
ROI: 15%
~68 m²
+11 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£148,830
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,750

Stamp Duty & Legal Fees

£7,350

Total Cash In

£38,100

 

 

Cash Out

 

Rent Range

£950 - £3,500

Rent Estimate

£1,100

Running Costs/mo

£624

Cashflow/mo

£476

Cashflow/yr

£5,708

ROI

15%

Gross Yield

11%

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 
£128K02/210.23 miFlat 19, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£130K05/230.23 miFlat 2, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£127.5K07/230.23 miFlat 11, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£150K11/220.26 miFlat 42, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£102K03/210.26 miFlat 101, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£136.1K01/230.26 miFlat 66, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K03/230.26 miFlat 102, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K07/230.26 miFlat 90, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£110K11/200.26 miFlat 41, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£171.5K07/210.28 miApartment 49, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£173K11/210.28 miApartment 72, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£114K11/230.37 miApartment 1, Renolds House, Everard Street, Salford, Greater Manchester M5 4UB2
£153K12/230.37 miRenolds House, Apartment 19, Everard Street, Salford, Greater Manchester M5 4UB2
£180K12/220.4 miApartment 47, Slater House, Woden Street, Salford, Greater Manchester M5 4UE2
£210K03/210.4 mi19, Woollam Place, Manchester, Greater Manchester M3 4JJ2
£276.5K02/210.41 miFlat 11, Old Court House, Encombe Place, Salford, Greater Manchester M3 6FJ2
£230K08/210.42 mi32, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£212K09/210.42 mi28, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£208K02/210.43 mi133d, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£240K04/210.43 mi127f, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£165K09/210.44 miFlat 17, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£205K03/230.44 miFlat 32, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£152.5K02/230.44 miFlat 30, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£200K03/230.45 miFlat 28, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£170K06/230.56 mi22, Brotherton Drive, Salford, Greater Manchester M3 6BH2
£170K06/230.56 mi22, Brotherton Drive, Salford, Greater Manchester M3 6BH2
£250K07/210.57 miFlat 301, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£260K06/230.57 miFlat 108, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£210K09/210.57 miFlat 202, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£220K06/210.58 mi29, Rozel Square, Manchester, Greater Manchester M3 4FQ2
£294K12/200.59 mi11, Culvercliff Walk, Manchester, Greater Manchester M3 4FL2
£277K07/210.59 mi1, Culvercliffe Walk, Manchester, Greater Manchester M3 4FL2
£170K09/210.59 miFlat 12, Model Lodging House, Bloom Street, Salford, Greater Manchester M3 6AJ2
£330K12/220.59 miFlat 36, Model Lodging House, Bloom Street, Salford, Greater Manchester M3 6AJ2
£153.5K03/210.6 mi41, Greenwood Terrace, Salford, Greater Manchester M5 3GH2
£430K01/230.61 miSuite 509, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£400K04/210.61 miApartment 310, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£350K04/210.61 miApartment 301, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£145K06/210.62 mi10, Bevill Square, Salford, Greater Manchester M3 6BB2
£130K01/210.63 miFlat 29, Thomas Court, Beattock Close, Manchester, Greater Manchester M15 4JA2
£166K07/230.64 mi19, Lockett Gardens, Salford, Greater Manchester M3 6BJ2
£166K07/230.64 mi19, Lockett Gardens, Salford, Greater Manchester M3 6BJ2
£285K06/210.64 mi28, Porchfield Square, Manchester, Greater Manchester M3 4FG2
£131.5K11/200.64 mi66, Linen Court, Salford, Greater Manchester M3 6JG2
£168K12/220.64 mi61, Linen Court, Salford, Greater Manchester M3 6JG2
£170K05/230.64 mi17, Linen Court, Salford, Greater Manchester M3 6JG2
£166K01/230.65 mi57, Linen Court, Salford, Greater Manchester M3 6JG2
£125K08/210.67 mi44, Calico Close, Salford, Greater Manchester M3 6AH2
£135K02/230.67 mi38, Calico Close, Salford, Greater Manchester M3 6AH2
£120K04/210.71 mi25, Chiffon Way, Salford, Greater Manchester M3 6AB2
£125K10/200.72 mi59, Blackburn Street, Salford, Greater Manchester M3 6AS2
£134K11/200.72 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 
£2,89505/240 miMiddlewood Street, Manchester, Greater Manchester, M52
£1,10005/240 miFusion, Salford, M52
£1,09505/240 miFusion 9, Middlewood Street, Salford, M52
£1,09506/240 miFusion 9, Middlewood Street, Salford, M52
£1,10005/240.03 miFusion 3, 14 Middlewood Street, Salford, M52
£1,15006/240.03 miMiddlewood Street, Salford, M52
£1,15006/240.03 miMiddlewood Street, Salford, M52
£1,15005/240.03 miApartment 2, Fusion 5, 10 Middlewood Street, Salford M5 4LN2
£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
£1,10005/240.05 miFusion 8, 4 Middlewood Street, Salford, Greater Manchester, M52
£1,49505/240.05 miMiddlewood Street, Salford M52
£1,15003/250.05 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
£1,07512/240.06 mi-2
£1,49503/250.06 mi-2
£99505/240.06 miMiddlewood Street, Salford, Greater Manchester, M5 4LH2
£95006/240.06 mi-2
£95006/240.06 miFusion 6, Salford, M52
£1,35005/240.06 miOldfield Road, Manchester, Greater Manchester, M52
£1,20006/240.06 miFusion Building, Middlewood Street, Manchester, Salford2
£1,25006/240.07 mi-2
£1,25005/240.07 miFusion Apartments, Salford, M52
£2,40003/250.07 mi-2
£3,00006/240.07 mi-2
£1,00005/240.07 miMiddlewood Street, Salford, Greater Manchester, M52
£1,40003/250.07 mi-2
£1,49505/240.08 miRolling Street, Salford M52
£2,80006/240.08 mi-2
£1,25005/240.08 mi-2
£1,30005/240.08 mi-2
£1,35006/240.08 mi-2
£3,50006/240.08 mi-2
£2,90006/240.08 mi-2
£1,40006/240.08 mi-2
£3,00006/240.08 mi-2
£2,00012/240.08 mi-2
£1,40012/240.08 mi-2
£1,80012/240.08 mi-2
£2,20001/250.08 mi-2
£1,44003/250.08 mi-2
£1,65003/250.08 mi-2
£3,00005/240.08 mi-2

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

2.33 miles away

Nearest school

0.30 miles away

Nearest train station

0.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Buyer's market

Capital growth (5yrs)

+6%

Property History

Price changed to £123,000

March 28, 2025

Listed for £150,000

February 25, 2025

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Triple-Fixture Bathroom +
  • Expansive Lounge +
  • Likely to attract enquiries from Serious Investors & Developers. +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 bedroom flat located in Manchester. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedrooms, lounge, kitchen and bathroom.

Investment details

It currently produces an annual gross income of £13,200 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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