2 Bed Flat, Refurb/BRRR, Salford, M7 3FT, £90,000

Kersal Way, Salford, Greater Manchester, M7 3FT - 1 views - a month ago

Leasehold
Auction
Refurb/BRRR
ROI: 7%
~68 m²
+12 photos

ValuationFair Value

Sold Prices£69.5K - £295K
Sold Prices/m²£1.1K/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£91,800

 

 

End Value (After Refurb)

£156,022

Uplift in Value

+73%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£28,709

Bridging Loan Interest

£2,363

Total Cash In

£61,022

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£156,022

Agent Fees (1%)

£1,560

Bridging Loan

£67,500

Bridging Loan Interest

£2,363

Flip Profit

£25,940

Local Sold Prices

34 sold prices from £69.5K to £295K, average is £127.3K. £1.1K/m² to £2.7K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£90K03/210.05 miFlat 78, The Peninsula Building, Kersal Way, Salford, Greater Manchester M7 3FT2
£105K07/230.09 miFlat 71, Tilehurst Court, Kersal Way, Salford, Greater Manchester M7 3ST2
£72K11/210.09 miFlat 53, Tilehurst Court, Kersal Way, Salford, Greater Manchester M7 3ST2
£96.5K04/210.09 miFlat 54, Tilehurst Court, Kersal Way, Salford, Greater Manchester M7 3ST2
£69.5K03/240.09 miTilehurst Court, Flat 70, Kersal Way, Salford, Greater Manchester M7 3ST2
£71K11/200.09 miFlat 6, Tilehurst Court, Kersal Way, Salford, Greater Manchester M7 3ST2
£165K04/230.33 mi49, Christie Lane, Salford, Greater Manchester M7 3BL2
£143.5K09/220.33 mi105, Christie Lane, Salford, Greater Manchester M7 3BL2
£135K06/210.34 mi103, Christie Lane, Salford, Greater Manchester M7 3BL2
£127.5K04/210.34 mi51, Christie Lane, Salford, Greater Manchester M7 3BL2
£160K09/220.34 mi63, Christie Lane, Salford, Greater Manchester M7 3BL2
£150K06/210.36 miFlat 2, Norwood Lodge, Vine Street, Salford, Greater Manchester M7 3PB2
£132.5K04/210.36 miFlat 4, Norwood Lodge, Vine Street, Salford, Greater Manchester M7 3PB2
£92K01/210.45 miFlat 6, Heath View, Kellbrook Crescent, Salford, Greater Manchester M7 3GH2
£113K03/230.45 miFlat 8, Heath View, Kellbrook Crescent, Salford, Greater Manchester M7 3GH2
£140K08/230.54 miFlat 17, Riverview Court, Moor End Avenue, Salford, Greater Manchester M7 3NX2
£127K12/200.54 miFlat 15, Riverview Court, Moor End Avenue, Salford, Greater Manchester M7 3NX2
£82K12/200.54 miFlat 26, Riverview Court, Moor End Avenue, Salford, Greater Manchester M7 3NX2
£100K09/230.54 miFlat 16, Riverview Court, Moor End Avenue, Salford, Greater Manchester M7 3NX2
£136.5K10/210.61 mi46, Mayfield Road, Salford, Greater Manchester M7 3WZ2
£149K11/230.68 miFlat 16, Tower Grange, New Hall Road, Salford, Greater Manchester M7 4EL2
£101K03/210.68 miFlat 2, Tower Grange, New Hall Road, Salford, Greater Manchester M7 4EL2
£120K01/230.71 mi3, Betula Grove, Salford, Greater Manchester M7 2AB2
£230K10/210.71 miFlat 20, Sommerville Court, Park Lane, Salford, Greater Manchester M7 4HU2
£112K01/210.74 miFlat 12, Grosvenor Court, Park Lane, Salford, Greater Manchester M7 4JZ2
£145K12/220.78 miFlat 18, Cavendish Court, Holden Road, Salford, Greater Manchester M7 4LW2
£165K11/220.78 miFlat 16, Tall Trees, Westfield Street, Salford, Greater Manchester M7 4NG2
£115K06/210.79 miFlat 10, Tall Trees, Westfield Street, Salford, Greater Manchester M7 4NG2
£162.5K10/200.82 miFlat 2, Tall Trees, Westfield Street, Salford, Greater Manchester M7 4NG2
£120K05/230.92 mi36, Crescent Avenue, Prestwich, Manchester, Greater Manchester M25 9NU2
£107K10/200.92 mi24, Crescent Avenue, Prestwich, Manchester, Greater Manchester M25 9NU2
£295K06/210.93 miFlat 2, Lakeside Court, Old Hall Road, Salford, Greater Manchester M7 4JJ2
£215K09/210.97 miFlat 5, Woodcliffe Lodge, Sedgley Park Road, Prestwich, Manchester, Greater Manchester M25 0JX2
£145K05/230.97 mi16, Trentham Lawns, Salford, Greater Manchester M6 6QN2

Local Rents

35 rents from £750/mo to £2.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,08005/240.05 mi-2
£82512/240.09 mi-2
£82512/240.09 mi-2
£92502/250.24 mi-2
£1,10005/240.28 miCity Lofts, 94 The Quays, Salford Quays, Manchester, M502
£1,05005/240.33 miBlyton Lane, Salford, Manchester, M72
£1,29504/250.34 mi-2
£1,25006/240.35 miChristie Lane, Salford, M72
£1,25006/240.35 miChristie Lane, Salford, M72
£1,25007/240.35 mi-2
£1,10006/240.36 miChristie Lane, Salford, Manchester M7 3BN2
£87505/240.37 miLever Court, Salford2
£1,21305/240.38 mi29 Ukraine Road, Salford, M7 3TE2
£1,05003/250.38 mi-2
£1,15005/240.39 mi-2
£1,29508/240.39 mi-2
£92505/240.39 miMoor Lane, Salford, M72
£75007/240.39 miLever Court, 218 Moor Lane, Salford, M72
£2,35003/250.42 mi-2
£1,40003/250.44 mi-2
£92508/240.45 mi-2
£90002/240.45 mi-2
£90002/240.45 mi-2
£95006/240.46 miKellbrook Crescent, Salford2
£92503/250.47 mi-2
£95001/240.54 mi-2
£1,00005/240.54 mi-2
£87505/240.54 mi-2
£1,20006/240.57 miHope Road, Salford, M62
£2,20001/250.57 mi-2
£79505/240.58 mi-2
£85008/240.58 mi-2
£1,39502/250.59 mi-2
£85005/240.59 miSt. Pauls Road, Salford, M72
£1,45002/250.59 mi-2

Local Area Statistics

Population in M7

27,601

Population in Salford

88,697

Town centre distance

1.10 miles away

Nearest school

0.30 miles away

Nearest train station

1.49 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+36%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £90,000

March 6, 2025

Description

  • Being Sold via Secure Sale online bidding. Terms and Conditions apply. +
  • Two Bedroom Apartment +
  • 7th Floor +
  • Allocated Parking +
  • Leisure Facilities +
  • Secure Gated Community +

*Vacant Possession*

Features

· 2 bedroom apartment, one bedroom has en-suite bathroom (unique in building)

· One Kitchen

· One Family bathroom

· Secure gated community and allocated parking

· Leisure facilities include gym, swimming pool, games room, tennis court, children’s play area

This 7th floor apartment is ideally located in a quiet residential area next to woodlands and provides easy access to the City Centre, Salford Quays and the Trafford Centre. The apartment has recently been modernised and both bathrooms and kitchen have been newly fitted in 2024. The flat also benefits from ample storage with LVT flooring fitted throughout as part of the recent renovation. The occupants of the flat have access to a secure gated leisure centre adjacent to the property comprising of gym, sauna, swimming pool, games room, tennis court, communal gardens and a children’s play area. Use of these facilities are included as part of the quarterly service charge. The leasehold is 999 years from 1991 and with a quarterly service charge of £704, which includes ground rent and water charges. There is freestanding electric heating in the property.

The property benefits from an EPC rating of C valid from 2023 and council tax rating of Band A (prospective buyer should confirm this information before bidding).

The previous tenant has been paying monthly rental of £1100 pcm and vacated the property at the end of February 2025.

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 965
Annual Service Charge Amount: £2,816.00

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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

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