2 Bed Flat, Single Let, Salford, M3 4LB, £140,000

Deansgate, Manchester, Greater Manchester, M3 4LB - 1 views - 22 days ago

Leasehold
Auction
BTL
ROI: 8%
~68 m²
+16 photos

ValuationUndervalued

Sold Prices£110K - £430K
Sold Prices/m²£1.7K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£170,800
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£630 - £3,600

Rent Estimate

£925

Running Costs/mo

£643

Cashflow/mo

£283

Cashflow/yr

£3,390

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £110K to £430K, average is £171.3K. £1.7K/m² to £4.4K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£400K04/210.17 miApartment 310, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£350K04/210.17 miApartment 301, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£430K01/230.17 miSuite 509, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£285K06/210.22 mi28, Porchfield Square, Manchester, Greater Manchester M3 4FG2
£220K06/210.25 mi29, Rozel Square, Manchester, Greater Manchester M3 4FQ2
£277K07/210.26 mi1, Culvercliffe Walk, Manchester, Greater Manchester M3 4FL2
£294K12/200.26 mi11, Culvercliff Walk, Manchester, Greater Manchester M3 4FL2
£170K12/220.3 mi44, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£240K04/210.3 mi127f, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£208K02/210.3 mi133d, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£230K08/210.3 mi32, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£212K09/210.3 mi28, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£130K01/210.31 miFlat 29, Thomas Court, Beattock Close, Manchester, Greater Manchester M15 4JA2
£160K07/210.31 mi54, Hunmanby Avenue, Manchester, Greater Manchester M15 5FE2
£141.7K06/210.32 mi57, Rockdove Avenue, Manchester, Greater Manchester M15 5EH2
£148K05/210.32 mi94, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£172.5K06/230.32 mi94, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£173.5K12/220.32 mi86, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£210K09/210.32 miFlat 202, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£155K10/210.32 mi16, Rockdove Avenue, Manchester, Greater Manchester M15 5FH2
£171K09/210.32 mi34, Rockdove Avenue, Manchester, Greater Manchester M15 5FH2
£210K03/210.32 mi19, Woollam Place, Manchester, Greater Manchester M3 4JJ2
£172K03/240.35 mi7, St Wilfrids Street, Manchester, Greater Manchester M15 5XE2
£250K07/210.35 miFlat 301, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£260K06/230.35 miFlat 108, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£161K02/240.4 mi104, Royce Road, Hulme, Manchester, Greater Manchester M15 5LA2
£110K04/210.4 mi21, Clarendon Street, Manchester, Greater Manchester M15 5ED2
£175K12/220.44 mi7, Valerie Walk, Manchester, Greater Manchester M15 6DB2
£152K04/210.44 mi160, Stretford Road, Manchester, Greater Manchester M15 5JH2
£170.5K10/230.44 mi154, Stretford Road, Manchester, Greater Manchester M15 5JH2
£165K01/210.44 mi56, Stretford Road, Manchester, Greater Manchester M15 5JH2
£173K07/210.46 mi31, Conmere Square, Manchester, Greater Manchester M15 6DE2
£165K12/230.49 mi57, Newcastle Street, Manchester, Greater Manchester M15 6HF2
£165K06/230.5 mi296b, Stretford Road, Manchester, Greater Manchester M15 5TN2
£165K02/210.53 mi24, Tomlinson Street, Hulme, Manchester, Greater Manchester M15 5FW2
£215K12/220.55 mi326, City Road, Manchester, Greater Manchester M15 4FA2
£160K08/230.56 mi1d, Rolls Crescent, Manchester, Greater Manchester M15 5JZ2
£138K07/210.56 mi324a, Stretford Road, Manchester, Greater Manchester M15 5TP2
£165K06/210.58 mi104, Rolls Crescent, Manchester, Greater Manchester M15 5FP2
£140K11/200.58 mi102, Rolls Crescent, Manchester, Greater Manchester M15 5FP2
£173K11/210.58 miApartment 72, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£171.5K07/210.58 miApartment 49, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£127.5K07/230.59 miFlat 11, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£130K05/230.59 miFlat 2, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£128K02/210.59 miFlat 19, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£180K10/200.61 miApartment 30, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX2
£157.5K04/210.61 mi15, Shawgreen Close, Manchester, Greater Manchester M15 4DR2
£150K11/220.61 miFlat 42, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£110K11/200.61 miFlat 41, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£220K12/220.62 miApartment 39, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX2

Local Rents

50 rents from £630/mo to £3.6K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,25005/240.01 miDeansgate Quay, Manchester, M32
£1,29505/240.01 mi-2
£1,29505/240.01 miDeansgate, Manchester, M32
£3,60002/240.02 mi-2
£1,80005/240.02 miDeansgate Square, South Tower, 9 Owen Street, Manchester2
£92505/240.03 miDeansgate Quay, City Centre, M12
£1,25005/240.03 miDeansgate, Manchester, Greater Manchester, M32
£1,35012/240.03 miDeansgate Quay, Manchester, M32
£1,70005/240.03 miDeansgate, Manchester, M32
£1,80005/240.04 miSouth Tower, Deansgate Square, 9 Owen Street, Manchester, M152
£1,73505/240.05 miDeansgate, Manchester, Greater Manchester, M152
£2,15002/250.05 mi-2
£2,25012/240.07 miViadux, Manchester 2
£2,00005/240.07 miChester Road, Manchester, M152
£2,20005/240.07 miChester Road, Manchester, M152
£2,20005/240.07 miCastle Wharf, 2A Chester Road, M152
£1,90005/240.07 mi-2
£2,10012/240.07 mi-2
£2,00003/240.07 miCastle Wharf, 2A Chester Road, Manchester, M152
£1,90005/240.07 miCastle Wharf, Castlefield2
£2,05005/240.07 miCastle Wharf, Chester Road, Manchester2
£1,44012/240.07 mi-2
£1,27505/240.07 miHill Quays, Block A, 1 Jordan Street, Manchester City Centre, Manchester, M152
£1,30005/240.07 miHill Quays, 1 Jordan Street, Deansgate, Manchester City Centre, M152
£2,15005/240.07 miCastle Wharf, Chester Road, Manchester, M152
£2,15006/240.07 miCastle Wharf, Chester Road, Manchester, M152
£1,25005/240.07 miHill Quays Block B, 8 Commercial Street, Manchester2
£63006/240.07 mi8 Commercial Street, Manchester, Greater M152
£2,10003/250.08 mi-2
£1,95003/250.08 mi-2
£1,95003/250.08 mi-2
£1,70005/240.08 miCastle Wharf, 2A Chester Road, Deansgate, Manchester, M152
£2,30005/240.08 miSouth Tower, Deansgate Square, 9 Owen Street, Manchester, M152
£2,20005/240.08 miSouth Tower, Deansgate Square, 9 Owen Street, Manchester, M152
£1,80005/240.08 miSouth Tower, Deansgate Square, 9 Owen Street, Manchester, M152
£2,30005/240.08 miSouth Tower, Deansgate Square, 9 Owen Street, Manchester, M152
£1,90005/240.08 miSouth Tower, Deansgate Square, 9 Owen Street, Manchester, M152
£1,99506/240.08 miEast Tower, Deansgate Square, 9 Owen Street, Manchester, M152
£1,60005/240.08 miCastle Wharf, 2A Chester Road, Deansgate, Manchester, M152
£1,75005/240.08 miCastle Wharf, 2a Chester Road, Deansgate, Manchester, M152
£1,85005/240.08 miCastle Wharf, 2A Chester Road, Deansgate, Manchester, M152
£2,25005/240.08 mi-2
£2,25005/240.08 miChester Road, Manchester, M152
£2,00005/240.08 miChester Road, Manchester, Greater Manchester, M152
£2,30003/240.08 miCastle Wharf, 2A Chester Road, Manchester, M152
£1,90012/240.08 mi-2
£1,89505/240.08 miCastle Wharf, 2A Chester Road, Deansgate, Manchester, M152
£1,95005/240.08 miCastle Wharf, 2A Chester Road, Deansgate, Manchester, M152
£1,35005/240.08 miJordan Street, Manchester, M152
£2,30002/240.09 mi-2

Local Area Statistics

Population in M3

11,725

Population in Salford

88,697

Town centre distance

3.02 miles away

Nearest school

0.20 miles away

Nearest train station

0.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-15%

Sales demand

Buyer's market

Capital growth (5yrs)

+3%

Property History

Listed for £140,000

February 28, 2025

Floor Plans

Description

  • Deansgate Location +
  • Two Bed/Two Bath +
  • Balcony +
  • First Floor +
  • Tenant in Situ +
  • Online Auction +
  • Virtual Tour Available +

Ideally Located on Deansgate, situated on the first floor, this spacious two bed, two bathroom property enjoys a balcony and excellent proportions throughout.

Upon entering the property, the entrance hall provides access to all principal rooms. The reception space allows ample room for both living and dining, with the kitchen comprising; selection of wall and base units, sink with drainer, oven with hob and space for appliances.

There are two double bedrooms, with the main bedroom benefitting from and ensuite shower room.
The main bathroom comprises; bath with shower over the top, wash hand basin and WC.

The property is currently tenanted and sold with tenant in situ.
The current rental is £1350 PCM fixed until October 2025.

Key Details:
Lease Length: 997 years from 31 March 1998
Service Charges: £3,088.92
Ground Rent: £100
Council Tax Band: E
EPC: B
No Parking Included
No EWS1 in place - The building has qualified for full funding by the BSF and also the developer has signed the developers pledge.

Agent Details

Leaders Sales, Fallowfield

0161 524 9116

Next Steps?

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