2 Bed Flat, Single Let, Salford, M5 4UL £120,000

Eccles New Road, Salford, Greater Manchester, M5 4UL - 1 views - 9 months ago

Sold STC

Leasehold

BTL

ROI: 3%

~51 m²

ValuationUndervalued

Sold Prices	£115K - £260K
Sold Prices/m²	£2.3K/m² - £4.3K/m²

Square Metres	~51.10 m²
Price/m²	£2.3K/m²
Value Estimate	£148,800£148,800
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£30,000£30,000
Stamp Duty & Legal Fees	£7,200£7,200
Total Cash In	£37,200£37,200

Cash Out
Rent Range	£600 - £1,400£600 - £1,400
Rent Estimate	£600
Running Costs/mo	£515£515
Cashflow/mo	£85£85
Cashflow/yr	£1,020£1,020
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £115K to £260K, average is £198.1K. £2.3K/m² to £4.3K/m², average is £3.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£117.5K	11/21	0.01 mi	Flat 23, Kielder Square, Eccles New Road, Salford, Greater Manchester M5 4UL	-	-	2	Flat
£132K	07/25	0.03 mi	2, Ellishaw Row, Eccles New Road, Salford M5 4UJ	-	-	2	Flat
£127.5K	06/21	0.04 mi	Flat 1, Elishaw Row, Eccles New Road, Salford, Greater Manchester M5 4UJ	-	-	2	Flat
£137K	11/23	0.04 mi	Flat 21, Elishaw Row, Eccles New Road, Salford, Greater Manchester M5 4UJ	-	-	2	Flat
£115K	06/21	0.08 mi	Flat 25, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG	-	-	2	Flat
£136.8K	04/23	0.08 mi	Flat 31, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG	-	-	2	Flat
£137.5K	05/23	0.08 mi	Flat 37, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG	-	-	2	Flat
£136K	12/22	0.08 mi	Flat 36, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG	-	-	2	Flat
£150K	08/23	0.08 mi	Flat 11, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG	-	-	2	Flat
£145K	11/22	0.12 mi	Flat 1, Wearhead Row, Eccles New Road, Salford, Greater Manchester M5 4UH	-	-	2	Flat
£170K	11/24	0.13 mi	6, Apartment 36, Langworthy Road, Salford M5 4HE	£2,931	58	2	Flat
£140K	07/23	0.19 mi	Flat 49, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4US	-	-	2	Flat
£150.5K	05/22	0.2 mi	Flat 15, Ailsa House, Langworthy Road, Salford, Greater Manchester M6 5SW	-	-	2	Flat
£162.5K	12/24	0.26 mi	56 Lexington Court, Apartment 112, Broadway, Salford M50 2UG	£2,579	63	2	Flat
£160K	03/25	0.29 mi	Apartment 312, 52 Madison Court, Broadway, Salford M50 2UD	£2,807	57	2	Flat
£216K	06/25	0.36 mi	6, Field Street, Salford M6 5EY	£2,512	86	2	Flat
£216K	06/25	0.36 mi	6, Field Street, Salford M6 5EY	-	-	2	Flat
£179K	06/25	0.41 mi	Apartment 911, 9 Michigan Point Tower A, Michigan Avenue, Salford M50 2HA	£2,797	64	2	Flat
£205K	12/24	0.41 mi	9 Michigan Point Tower A, Apartment 811, Michigan Avenue, Salford M50 2HA	£3,203	64	2	Flat
£205K	03/25	0.41 mi	Apartment 1807, 9 Michigan Point Tower A, Michigan Avenue, Salford M50 2HD	£3,203	64	2	Flat
£215K	04/25	0.41 mi	Apartment 2301, 9 Michigan Point Tower A, Michigan Avenue, Salford M50 2HD	£3,359	64	2	Flat
£135K	01/25	0.41 mi	9 Michigan Point Tower A, Apartment 2408, Michigan Avenue, Salford M50 2HD	£3,214	42	2	Flat
£179K	06/25	0.41 mi	Apartment 911, 9 Michigan Point Tower A, Michigan Avenue, Salford M50 2HA	-	-	2	Flat
£230K	09/24	0.42 mi	71, Reservoir Street, Salford M6 5NB	£2,500	92	2	Flat
£210K	12/24	0.44 mi	Millennium Point, Apartment 803, The Quays, Salford M50 3SE	£2,838	74	2	Flat
£240K	03/25	0.49 mi	168, 100 Nv Buildings, The Quays, Salford M50 3BE	£2,330	103	2	Flat
£190K	04/25	0.52 mi	1, 96 Nv Buildings, The Quays, Salford M50 3BB	£2,836	67	2	Flat
£190K	04/25	0.52 mi	1, 96 Nv Buildings, The Quays, Salford M50 3BB	£2,836	67	2	Flat
£195K	01/23	0.52 mi	145, Labrador Quay, Salford, Greater Manchester M50 3YH	£3,488	56	2	Flat
£230K	04/25	0.52 mi	159, Labrador Quay, Salford M50 3YH	£3,710	62	2	Flat
£230K	04/25	0.52 mi	159, Labrador Quay, Salford M50 3YH	-	-	2	Flat
£235.1K	05/25	0.52 mi	141, Labrador Quay, Salford M50 3YH	£3,135	75	2	Flat
£235.1K	05/25	0.52 mi	141, Labrador Quay, Salford M50 3YH	-	-	2	Flat
£212K	12/22	0.52 mi	43, Labrador Quay, Salford, Greater Manchester M50 3YH	£3,533	60	2	Flat
£260K	04/25	0.53 mi	52, St Lawrence Quay, Salford M50 3XT	£4,127	63	2	Flat
£260K	04/25	0.53 mi	52, St Lawrence Quay, Salford M50 3XT	-	-	2	Flat
£255K	11/22	0.53 mi	119, Labrador Quay, Salford, Greater Manchester M50 3YH	£4,230	60	2	Flat
£210K	05/23	0.53 mi	171, Labrador Quay, Salford, Greater Manchester M50 3YH	£3,387	62	2	Flat
£196.2K	06/25	0.54 mi	Apartment 901, 5 Block A, Red, Media City, Salford M50 2AN	£4,265	46	2	Flat
£196.2K	06/25	0.54 mi	Apartment 901, 5 Block A, Red, Media City, Salford M50 2AN	-	-	2	Flat
£245K	04/25	0.55 mi	Apartment 198, 94 City Lofts, The Quays, Salford M50 3TZ	-	-	2	Flat
£245K	04/25	0.55 mi	Apartment 198, 94 City Lofts, The Quays, Salford M50 3TZ	£3,657	67	2	Flat
£222K	05/25	0.55 mi	Apartment 52, 94 City Lofts, The Quays, Salford M50 3TS	£3,083	72	2	Flat
£222K	05/25	0.55 mi	Apartment 52, 94 City Lofts, The Quays, Salford M50 3TS	-	-	2	Flat
£177K	07/25	0.56 mi	Apartment 901, Number One, Pink, Media City, Salford M50 2BA	-	-	2	Flat
£170K	06/25	0.56 mi	Apartment 805, Number One, Pink, Media City, Salford M50 2BA	-	-	2	Flat
£240K	09/21	0.57 mi	44, Vancouver Quay, Salford M50 3TU	£3,288	73	2	Flat
£205K	09/21	0.57 mi	71, Vancouver Quay, Salford, Greater Manchester M50 3TU	£3,254	63	2	Flat
£200K	06/23	0.57 mi	Apartment 403, Number One, Pink, Media City Uk, Salford, Greater Manchester M50 2BA	-	-	2	Flat
£240K	12/22	0.57 mi	15, St Lawrence Quay, Salford, Greater Manchester M50 3XT	-	-	2	Flat

Local Rents

50 rents from £600/mo to £1.4K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,150	05/24	0.01 mi	Kielder Square, Eccles New Road, Salford, M5 4UL	2	Flat
£1,100	07/25	0.01 mi	Kielder Square, Eccles New Road, Salford, M5 4UL	2	Flat
£1,100	08/25	0.01 mi	Kielder Square, Salford, M5	2	Flat
£1,299	11/25	0.01 mi	Kielder Square, Salford, M5	2	Flat
£1,100	12/24	0.01 mi	Kielder Square, Salford, M5 4UW	2	Flat
£1,100	12/24	0.01 mi	-	2	Flat
£1,150	12/24	0.01 mi	-	2	Flat
£995	01/25	0.01 mi	-	2	Flat
£1,050	03/25	0.01 mi	-	2	Flat
£1,100	08/25	0.01 mi	-	2	Flat
£1,299	11/25	0.01 mi	-	2	Flat
£1,000	12/24	0.01 mi	-	2	Flat
£1,025	05/25	0.01 mi	Kielder Square, Eccles New Road, Salford, M5	2	Flat
£675	08/25	0.01 mi	Kielder Square, Eccles New Road, Eccles	2	Flat
£1,100	10/25	0.01 mi	Kielder Square, Eccles New Road, Salford, M5 4UL	2	Flat
£1,095	07/25	0.01 mi	-	2	Flat
£1,400	10/25	0.01 mi	-	2	Flat
£995	05/25	0.01 mi	-	2	Flat
£1,400	10/25	0.01 mi	-	2	Flat
£630	08/25	0.01 mi	St James Park, Manchester, M5	2	Flat
£995	06/25	0.01 mi	Kielder Square, Eccles New Road, Salford, M5	2	Flat
£995	11/25	0.01 mi	Kielder Square, Eccles New Road, Salford, M5	2	Flat
£1,100	11/25	0.01 mi	Eccles New Road, Manchester, M5	2	Flat
£1,400	06/24	0.01 mi	-	2	Flat
£1,400	10/25	0.01 mi	-	2	Flat
£1,100	05/24	0.02 mi	-	2	Flat
£1,075	05/24	0.02 mi	Kielder Square, Salford, M5	2	Flat
£1,050	09/25	0.03 mi	Eccles New Road, Salford	2	Flat
£600	06/25	0.04 mi	-	2	Flat
£1,250	06/25	0.04 mi	Eccles New Road, Salford, M5	2	Flat
£600	06/25	0.04 mi	Eccles New Road, Salford, M5	2	Flat
£625	07/25	0.04 mi	Ellishaw Row, Eccles New Road	2	Flat
£850	08/25	0.08 mi	Eccles New Road, Salford, Greater Manchester, M5	2	Flat
£1,050	05/24	0.08 mi	Eccles New Road, Manchester, Greater Manchester, M5	2	Flat
£995	08/25	0.08 mi	Flat 55, Melmerby Court	2	Flat
£995	08/25	0.08 mi	Eccles New Road, Manchester, Greater Manchester, M5	2	Flat
£1,200	08/25	0.08 mi	The Interchange, Salford, M5	2	Flat
£990	04/25	0.08 mi	-	2	Flat
£1,100	07/25	0.08 mi	-	2	Flat
£1,100	07/25	0.08 mi	Melmerby Court, Salford, M5	2	Flat
£1,150	04/25	0.08 mi	-	2	Flat
£975	07/25	0.08 mi	Melmerby Court, Salford	2	Flat
£1,200	10/25	0.08 mi	Melmerby Court, Eccles New Road, Salford, M5 4UG	2	Flat
£1,100	05/24	0.08 mi	-	2	Flat
£1,150	05/24	0.08 mi	-	2	Flat
£1,250	06/24	0.08 mi	-	2	Flat
£950	06/25	0.08 mi	-	2	Flat
£1,400	11/25	0.08 mi	-	2	Flat
£1,100	07/24	0.08 mi	-	2	Flat
£1,100	05/24	0.08 mi	Melmerby Court, Salford, M5	2	Flat

Local Area Statistics

Population in M5	14,44514,445
Population in Salford	88,69788,697
Town centre distance	1.76 miles away1.76 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.20 miles away0.20 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+6%+6%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-2%-2%

Property History

Listed for £120,000

March 5, 2025

Floor Plans

Description

Two bedroom apartment +
Great location +
Excellent transport links +
Off road parking +
Secure access +
No onward chain +
Vacant possession +

Peter Anthony are delighted to bring to market this TWO BEDROOM apartment in the popular Kielder Square development on Eccles New Road.

The property briefly comprises of entrance hall, kitchen, bathroom, two good size double bedrooms, and a living/dining room. The property also benefits from off road parking with secure access, and secure fob access to the grounds.

Ideally located, with excellent transport links and easy access to commuting routes.

The property is being sold vacant possession with no onward chain.

Council Tax Band - A
EPC - C

Lease: 125 years from 1987 - 88 Years remaining
Service charge £324.17 per quarter

Agent Details

Peter Anthony, Salford

0161 707 4745

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC