2 Bed Terraced House, Cash/Bridging Only, Salford, M5 5FW, £70,000

Weaste Road, Salford, Greater Manchester, M5 5FW - 17 days ago

Leasehold
Cash
ROI: 2%
~68 m²
+2 photos

ValuationFair Value

Sold Prices£75K - £230K
Sold Prices/m²£1.1K/m² - £3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£70,000

 

 

End Value (After Refurb)

£142,523

Uplift in Value

+104%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Refurb Costs

£28,876

Bridging Loan Interest

£1,838

Total Cash In

£54,664

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£142,523

Agent Fees (1%)

£1,425

Bridging Loan

£52,500

Bridging Loan Interest

£1,838

Flip Profit

£33,934

Local Sold Prices

50 sold prices from £75K to £230K, average is £168.5K. £1.1K/m² to £3K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£136K04/210.04 mi270, Weaste Lane, Salford, Greater Manchester M5 5HW2
£178K12/220.04 mi274, Weaste Lane, Salford, Greater Manchester M5 5HW2
£170K11/210.06 mi1, Wellington Terrace, Salford, Greater Manchester M5 5HR2
£160K03/210.08 mi1, Milton Avenue, Salford, Greater Manchester M5 5HG2
£150K09/210.11 mi9, Emerson Street, Salford, Greater Manchester M5 5HZ2
£180K06/230.11 mi21, Emerson Street, Salford, Greater Manchester M5 5HZ2
£158K09/220.13 mi8, Kingsford Street, Salford, Greater Manchester M5 5HX2
£128K08/230.14 mi61, Kennedy Road, Salford, Greater Manchester M5 5ET2
£170K04/240.18 mi11, Buckingham Avenue, Salford, Greater Manchester M6 5RD2
£132K03/210.18 mi7, Glendore, Salford, Greater Manchester M5 5EY2
£156K03/210.19 mi9, Church Avenue, Salford, Greater Manchester M6 5RB2
£120K09/230.2 mi41, Humber Street, Salford, Greater Manchester M50 1EB2
£165K06/210.22 mi18, Martin Street, Salford, Greater Manchester M5 5JZ2
£136K01/210.22 mi26, Martin Street, Salford, Greater Manchester M5 5JZ2
£186K06/230.22 mi30, Martin Street, Salford, Greater Manchester M5 5JZ2
£136K01/210.22 mi26, Martin Street, Salford, Greater Manchester M5 5JZ2
£185K09/230.23 mi14, Derby Avenue, Salford, Greater Manchester M6 5FZ2
£187.5K06/230.23 mi84, Chandos Grove, Salford, Greater Manchester M5 5LJ2
£188K06/210.24 mi12, The Mead, Salford, Greater Manchester M5 5LL2
£173K08/220.24 mi5, The Mead, Salford, Greater Manchester M5 5LL2
£207K08/220.24 mi4, The Mead, Salford, Greater Manchester M5 5LL2
£207K08/220.25 mi26, The Mead, Salford, Greater Manchester M5 5LL2
£180.5K07/220.27 mi2, Kerrera Drive, Salford, Greater Manchester M5 5BZ2
£165K10/210.28 mi2a, Lostock Road, Salford, Greater Manchester M5 5LH2
£200K03/220.29 mi2, Lostock Road, Salford, Greater Manchester M5 5LH2
£180K05/240.32 mi9, Wythburn Street, Salford, Greater Manchester M6 5LB2
£127K11/200.33 mi11, Orrel Street, Salford, Greater Manchester M6 5TD2
£100K04/240.33 mi14, Lyndhurst Street, Salford, Greater Manchester M6 5YB2
£135K02/210.33 mi33, Lyndhurst Street, Salford, Greater Manchester M6 5YB2
£186K02/240.35 mi13, Southbourne Street, Salford, Greater Manchester M6 5GX2
£190K12/220.36 mi22, Deyne Street, Salford, Greater Manchester M6 5WT2
£134K06/210.36 mi24, Deyne Street, Salford, Greater Manchester M6 5WT2
£167K01/240.37 mi4, Wychbury Street, Salford, Greater Manchester M6 5YA2
£135K11/200.39 mi54, Langton Street, Salford, Greater Manchester M6 5PU2
£175K02/240.4 mi36, Meadowgate Road, Salford, Greater Manchester M6 8DR2
£180K06/240.4 mi34, Meadowgate Road, Salford, Greater Manchester M6 8DR2
£188K08/230.42 mi16, Newport Street, Salford, Greater Manchester M6 5TW2
£167K11/200.43 mi22, Cardigan Street, Salford, Greater Manchester M6 5QT2
£205K05/240.43 mi15, Cardigan Street, Salford, Greater Manchester M6 5QT2
£230K01/230.44 mi5, Cardigan Street, Salford, Greater Manchester M6 5QT2
£180K10/220.45 mi42, Grange Street, Salford, Greater Manchester M6 5PR2
£105K03/210.45 mi20, Fram Street, Salford, Greater Manchester M6 5GB2
£165K06/230.46 mi10, Hersey Street, Salford, Greater Manchester M6 5GT2
£75K02/210.46 mi5, Norway Street, Salford, Greater Manchester M6 5GD2
£170K05/240.47 mi6, Horsham Street, Salford, Greater Manchester M6 5QS2
£142.5K02/210.47 mi26, Horsham Street, Salford, Greater Manchester M6 5QS2
£153K11/200.47 mi4, Woodgrange Close, Salford, Greater Manchester M6 5PD2
£173.5K04/230.49 mi4, Springwell Close, Salford, Greater Manchester M6 5PB2
£185K12/230.49 mi123, Meadowgate Road, Salford, Greater Manchester M6 8EN2
£144K01/210.5 mi10, Alpha Street West, Salford, Greater Manchester M6 5NR2

Local Rents

51 rents from £795/mo to £2.8K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£99502/250.03 mi-2
£87505/240.04 miWeaste Lane, Salford, M52
£87505/240.04 miWeaste Lane, Salford, M52
£87506/240.04 miWeaste Lane, Salford, M52
£87506/240.04 mi-2
£87506/240.04 mi-2
£1,20002/240.09 mi-2
£92505/240.1 miEmerson Street, Salford, Greater Manchester, M52
£90006/240.13 mi-2
£95002/250.13 mi-2
£87512/240.13 mi-2
£92505/240.13 miKingsford Street, Salford2
£92505/240.13 miEmerson Street, Salford2
£1,15002/240.14 mi-2
£80005/240.15 mi-2
£80005/240.15 miEmerson Street, Salford, M52
£80006/240.15 mi-2
£1,00012/240.15 mi-2
£92505/240.15 miSheader Drive, Salford, M52
£1,00005/240.15 miRiddell Court, Sheader Drive, Salford2
£1,20012/240.16 mi-2
£92505/240.16 miCity Link, Hessel Street, Manchester, Greater Manchester, M502
£1,10005/240.16 miRiddell Court, Sheader Drive, Salford, M52
£1,15005/240.17 miRedmires Court, Eccles New Road, Salford, M5 4UT2
£99506/240.2 miCity Link, Hessel Street, Salford2
£1,45006/240.26 mi-2
£1,45005/240.26 miInnings Drive, Salford, Manchester, M62
£89506/240.29 miEccles New Road, Salford, M52
£99505/240.29 miLittle Bolton Terrace, Salford, M52
£1,15012/240.29 mi-2
£1,90001/250.34 mi-2
£1,25005/240.35 miSouthbourne Street, Moorland's Green, M62
£1,20005/240.35 miSouthbourne Street, Langworthy, Salford, M62
£1,20005/240.35 miSouthbourne Street, Langworthy, Salford, M62
£1,10005/240.35 miSouthbourne Street, Salford, M6 5GX2
£2,80005/240.37 mi-2
£1,25002/250.37 mi-2
£95005/240.37 miWychbury Street, Salford2
£1,40003/250.37 mi-2
£85012/240.38 mi-2
£79512/240.38 mi-2
£1,20012/240.38 mi-2
£1,04002/250.38 mi-2
£1,10001/250.38 mi-2
£90003/250.41 mi-2
£1,40003/250.44 mi-2
£90005/240.45 miGrange Street, Salford2
£99705/240.46 mi12 Hersey St, Salford, M6 5GT2
£92502/250.46 mi-2
£1,10006/240.49 mi-2
£90005/240.49 mi-2

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

1.42 miles away

Nearest school

0.30 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Buyer's market

Capital growth (5yrs)

+6%

Property History

Listed for £70,000

February 26, 2025

Floor Plans

Description

  • To be Sold tenanted at £675 Per Month +
  • CASH purchase only +
  • Open Plan Kitchen and Living Space +
  • Close to Weaste Tram Stop +
  • Walking Distance to Salford Royal Hospital +
  • Easy Access to Manchester City Centre +
  • Two Bedrooms +
  • Roof top communal terrace +

CLOSE TO SALFORD ROYAL HOSPITAL CLOSE TO SALFORD QUAYS CASH PURCHASE ONLY SOLD WITH TENANT IN SITU PAYING £675PCM Are you an investor looking for a new property for your portfolio? This two bedroom upper floor open plane apartment will be a great addition. There is a tenant in situ so no hassle in requiring finding a new tenant. Internally the property comprises of entrance hall, open plan kitchen and living space, two bedrooms and a family bathroom. The property has an allocated parking space and there is intercom entry to the block. The apartment is within walking distance to Weaste tram stop and Salford Royal Hospital and close to Salford Quays and Media City, with transport links into Manchester City Centre. Call the branch now to arrange a viewing! COUNCIL TAX BAND B. EPC GRADE C.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

SAF230330/2

Agent Details

Reeds Rains, Salford

0161 524 9343

Next Steps?

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