2 Bed Flat, Single Let, Salford, M6 8AW, £165,000

Heathfields, Lancaster Road, Salford, M6 8AW - 2 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£92K - £205K
Sold Prices/m²£205/m² - £3.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.4K/m²

Value Estimate

£155,341

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£9,450

Total Cash In

£50,700

 

 

Cash Out

 

Rent Range

£875 - £1,450

Rent Estimate

£900

Running Costs/mo

£716

Cashflow/mo

£184

Cashflow/yr

£2,213

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £92K to £205K, average is £131.5K. £205/m² to £3.2K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£130K03/210.03 mi74, Lancaster Road, Salford, Greater Manchester M6 8AW2
£205K08/220.24 mi9, Orama Avenue, Salford, Greater Manchester M6 8LL2
£151K12/230.27 miVictoria House, Flat 17, Victoria Road, Salford, Greater Manchester M6 8LF2
£162K11/210.29 mi4, Dante Close, Eccles, Manchester, Greater Manchester M30 9DT2
£142K11/200.29 mi8, Dante Close, Eccles, Manchester, Greater Manchester M30 9DT2
£155K02/230.31 miFlat 21, Knowles Court, Eccles Old Road, Salford, Greater Manchester M6 8ES2
£135K04/230.35 miFlat 52, Rivington, Cholmondeley Road, Salford, Greater Manchester M6 8QH2
£117K02/230.35 miFlat 31, Rivington, Cholmondeley Road, Salford, Greater Manchester M6 8QH2
£140K05/230.35 miFlat 42, Rivington, Cholmondeley Road, Salford, Greater Manchester M6 8QH2
£105K06/210.35 miFlat 22, Rivington, Cholmondeley Road, Salford, Greater Manchester M6 8QH2
£122.5K03/230.35 miFlat 59, Rivington, Cholmondeley Road, Salford, Greater Manchester M6 8QH2
£147K11/220.35 miFlat 28, Rivington, Cholmondeley Road, Salford, Greater Manchester M6 8QH2
£140K07/220.35 miFlat 10, Rivington, Cholmondeley Road, Salford, Greater Manchester M6 8QH2
£152K07/230.36 mi17, Princeton Close, Salford, Greater Manchester M6 8QL2
£130K10/230.36 mi25, Princeton Close, Salford, Greater Manchester M6 8QL2
£171.8K07/220.38 miFlat 13, Portland House, Eccles Old Road, Salford, Greater Manchester M6 8HJ2
£182K09/230.38 miFlat 3, Portland House, Eccles Old Road, Salford, Greater Manchester M6 8HJ2
£134K08/230.4 mi11, Whitby Avenue, Salford, Greater Manchester M6 8BW2
£152K08/220.4 mi14, Whitby Avenue, Salford, Greater Manchester M6 8BW2
£133K09/210.52 mi6, Pinhigh Place, Salford, Greater Manchester M6 8ND2
£150K06/240.52 mi22, Pinhigh Place, Salford, Greater Manchester M6 8ND2
£150K03/230.52 mi7, Pinhigh Place, Salford, Greater Manchester M6 8ND2
£133K02/240.52 mi9, Pinhigh Place, Salford, Greater Manchester M6 8ND2
£124.5K12/200.52 mi75, Pinhigh Place, Salford, Greater Manchester M6 8ND2
£130K09/210.52 mi61, Pinhigh Place, Salford, Greater Manchester M6 8ND2
£116K10/210.52 mi12, Pinhigh Place, Salford, Greater Manchester M6 8ND2
£124K11/210.52 mi42, Pinhigh Place, Salford, Greater Manchester M6 8ND2
£130K02/210.52 mi5, Pinhigh Place, Salford, Greater Manchester M6 8ND2
£122K09/210.53 mi1, Pinhigh Place, Salford, Greater Manchester M6 8ND2
£136K05/220.53 mi3, Pinhigh Place, Salford, Greater Manchester M6 8ND2
£152K04/220.53 mi57, Pinhigh Place, Salford, Greater Manchester M6 8ND2
£137K11/220.55 mi33, Pinhigh Place, Salford, Greater Manchester M6 8ND2
£138.5K11/210.55 mi3, Wortley Avenue, Salford, Greater Manchester M6 8DB2
£92K05/230.64 miFlat 32, Reeves Court, Canterbury Gardens, Salford, Greater Manchester M5 5AE2
£120K10/230.65 miSquires Court, Flat 7, Canterbury Gardens, Salford, Greater Manchester M5 5AD2
£120.3K07/210.66 miFlat 52, Knights Court, Canterbury Gardens, Salford, Greater Manchester M5 5AB2
£126K12/220.66 miFlat 16, Knights Court, Canterbury Gardens, Salford, Greater Manchester M5 5AB2
£127.5K01/240.66 miFlat 48, Knights Court, Canterbury Gardens, Salford, Greater Manchester M5 5AB2
£122.5K12/210.69 miApartment 229, Ladywell Point, Pilgrims Way, Salford, Greater Manchester M50 1AZ2
£134K09/230.69 miApartment 196, Ladywell Point, Pilgrims Way, Salford, Greater Manchester M50 1AZ2
£120K12/200.7 mi37, Little Bolton Terrace, Salford, Greater Manchester M5 5BD2
£120K11/200.7 mi43, Little Bolton Terrace, Salford, Greater Manchester M5 5BD2
£120K03/210.7 mi28, Little Bolton Terrace, Salford, Greater Manchester M5 5BD2
£125K12/200.7 mi46, Little Bolton Terrace, Salford, Greater Manchester M5 5BD2
£115K03/210.7 mi31, Little Bolton Terrace, Salford, Greater Manchester M5 5BD2
£113K10/210.7 mi39, Little Bolton Terrace, Salford, Greater Manchester M5 5BD2
£110K04/210.7 mi52, Little Bolton Terrace, Salford, Greater Manchester M5 5BD2
£135K11/220.7 mi78, Little Bolton Terrace, Salford, Greater Manchester M5 5BD2
£140K10/220.7 mi11, Little Bolton Terrace, Salford, Greater Manchester M5 5BD2
£108.5K03/230.71 mi18, Ennismore Avenue, Eccles, Manchester, Greater Manchester M30 0AQ2

Local Rents

42 rents from £875/mo to £1.4K/mo, average is £963/mo.

RentDateDistanceAddressBeds 
£90006/240.01 miHeathfields, Lancaster Road, Salford2
£1,15003/250.08 mi-2
£90005/240.17 miVoltaire Avenue, Salford, M62
£1,10002/250.19 mi-2
£95004/250.19 mi-2
£1,27502/250.21 mi-2
£92506/240.25 miPinhigh Place, Salford, M62
£90006/240.25 mi-2
£95005/240.31 mi30 Park Road Salford Greater Manchester2
£99501/250.33 mi-2
£1,03506/240.33 mi-2
£1,03506/240.33 miHillcrest, Salford, M62
£1,03506/240.33 miHillcrest, Salford, M62
£87505/240.33 miCholmondeley Road, Salford, M62
£99512/240.33 mi-2
£90005/240.33 mi-2
£95005/240.34 miEccles Old Road, Salford, Greater Manchester, M62
£1,30001/250.35 mi-2
£90005/240.36 miPrinceton Close, Salford, Lancashire, M62
£92505/240.37 miPortland House, Eccles Old Road, Salford, Greater Manchester, M62
£90005/240.38 mi-2
£90006/240.38 mi-2
£95006/240.38 mi-2
£90005/240.38 miElysian Fields, Salford, M62
£90005/240.38 miElysian Fields, Salford, M62
£97504/250.38 mi-2
£92504/250.39 mi-2
£99505/240.53 miPinhigh Place, Salford, M62
£99505/240.53 mi-2
£1,10004/250.54 mi-2
£95005/240.55 miRattenbury Court, Salford2
£1,45005/240.56 miInnings Drive, Salford, Manchester, M62
£1,45006/240.56 mi-2
£1,05005/240.56 miHelena Street, Salford2
£1,19505/240.57 miMoorfield Road, Salford2
£1,02502/250.57 mi-2
£1,32504/250.58 mi-2
£99502/250.59 mi-2
£90006/240.61 mi-2
£90005/240.61 miNew Barton Street, Salford, M62
£90005/240.61 miNew Barton Street, Salford, M62
£1,20012/240.62 mi-2

Local Area Statistics

Population in M6

31,268

Population in Salford

88,697

Town centre distance

1.07 miles away

Nearest school

0.20 miles away

Nearest train station

0.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+58%

Property History

Listed for £165,000

March 4, 2025

Floor Plans

Description

  • Modern 2nd Floor Apartment with loft access +
  • 2 Double Bedrooms +
  • Well Presented +
  • Wel Maintained Communal Areas +
  • Resident Parking +
  • A Must View +
  • Recently newly decorated throughout +
  • Newly fitted kitchen with inbuilt Neff appliances +
  • Lounge: modern fitted Flamerite fire and new electric Elkatherm radiators +

We are delighted to present this newly decorated and bright well-proportioned two-bedroom property to the market. Located in the highly sought-after area of Salford, this home provides easy access to the city centre, where you'll find reputable schools, convenient amenities, and excellent transport links. Perfect for first-time buyers or those looking for a well-connected and manageable home, this property features two bright bedrooms, a stylish three-piece bathroom suite, a spacious living room, a fitted kitchen, and resident parking.

The property is well-served by bus routes to surrounding towns and cities, making commuting a breeze.

Internally, the property comprises an entrance hallway with loft access leading to two spacious bedrooms, a comfortable living room with modern fitted Flamerite fire and new electric Elkatherm radiators, and a modern bathroom. The living room, which enjoys plenty of natural light, opens onto the newly fitted kitchen with inbuilt Neff appliances Externally, residents benefit from off-road parking, ensuring convenience and security.

For further information or to arrange a viewing, please contact the Monton Office.

Agent Details

Thornley Groves, Monton

0161 524 9345

Next Steps?

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