2 Bed Flat, Single Let, Salford, M3 4EF, £280,000

Watson Street, Manchester, Greater Manchester, M3 4EF - a month ago

Leasehold
BTL
ROI: 2%
~68 m²
+16 photos

ValuationOvervalued

Sold Prices£110K - £430K
Sold Prices/m²£2.4K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.1K/m²

Value Estimate

£211,144

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£16,700

Total Cash In

£86,700

 

 

Cash Out

 

Rent Range

£1,250 - £4,750

Rent Estimate

£1,330

Running Costs/mo

£1,161

Cashflow/mo

£169

Cashflow/yr

£2,028

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £110K to £430K, average is £190K. £2.4K/m² to £4.4K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£285K06/210.16 mi28, Porchfield Square, Manchester, Greater Manchester M3 4FG2
£277K07/210.2 mi1, Culvercliffe Walk, Manchester, Greater Manchester M3 4FL2
£294K12/200.2 mi11, Culvercliff Walk, Manchester, Greater Manchester M3 4FL2
£220K06/210.21 mi29, Rozel Square, Manchester, Greater Manchester M3 4FQ2
£240K04/210.38 mi127f, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£208K02/210.38 mi133d, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£230K08/210.41 mi32, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£212K09/210.41 mi28, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£210K03/210.42 mi19, Woollam Place, Manchester, Greater Manchester M3 4JJ2
£400K04/210.43 miApartment 310, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£350K04/210.43 miApartment 301, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£430K01/230.43 miSuite 509, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£180K10/200.45 miApartment 30, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX2
£220K12/220.45 miApartment 39, Venice Court, Samuel Ogden Street, Manchester, Greater Manchester M1 7AX2
£250K11/230.5 miFlat 25, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT2
£213K03/210.5 miFlat 51, Sackville Place, Bombay Street, Manchester, Greater Manchester M1 7AT2
£155K10/210.51 mi16, Rockdove Avenue, Manchester, Greater Manchester M15 5FH2
£171K09/210.51 mi34, Rockdove Avenue, Manchester, Greater Manchester M15 5FH2
£141.7K06/210.52 mi57, Rockdove Avenue, Manchester, Greater Manchester M15 5EH2
£207.5K12/200.52 miFlat 21, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR2
£203K02/230.52 miFlat 31, Granby House, Granby Row, Manchester, Greater Manchester M1 7AR2
£110K04/210.53 mi21, Clarendon Street, Manchester, Greater Manchester M15 5ED2
£175K12/220.54 mi7, Valerie Walk, Manchester, Greater Manchester M15 6DB2
£160K07/210.54 mi54, Hunmanby Avenue, Manchester, Greater Manchester M15 5FE2
£173K07/210.54 mi31, Conmere Square, Manchester, Greater Manchester M15 6DE2
£170K09/210.57 miFlat 12, Model Lodging House, Bloom Street, Salford, Greater Manchester M3 6AJ2
£330K12/220.57 miFlat 36, Model Lodging House, Bloom Street, Salford, Greater Manchester M3 6AJ2
£199.9K10/200.58 miApartment 222, Quebec Building, Bury Street, Salford, Greater Manchester M3 7DU2
£210K09/210.59 miFlat 202, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£130K01/210.59 miFlat 29, Thomas Court, Beattock Close, Manchester, Greater Manchester M15 4JA2
£170K12/220.59 mi44, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£150K09/230.6 miApartment 219, Quebec Building, Bury Street, Salford, Greater Manchester M3 7DY2
£165K12/230.61 mi57, Newcastle Street, Manchester, Greater Manchester M15 6HF2
£148K05/210.61 mi94, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£172.5K06/230.61 mi94, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£173.5K12/220.61 mi86, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£250K07/210.62 miFlat 301, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£260K06/230.62 miFlat 108, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£234K06/210.63 miApartment 381, Block 7 Spectrum, Blackfriars Road, Salford, Greater Manchester M3 7BY2
£172K03/240.63 mi7, St Wilfrids Street, Manchester, Greater Manchester M15 5XE2
£161K02/240.64 mi104, Royce Road, Hulme, Manchester, Greater Manchester M15 5LA2
£152K04/210.65 mi160, Stretford Road, Manchester, Greater Manchester M15 5JH2
£170.5K10/230.65 mi154, Stretford Road, Manchester, Greater Manchester M15 5JH2
£165K01/210.65 mi56, Stretford Road, Manchester, Greater Manchester M15 5JH2
£145K06/210.67 mi10, Bevill Square, Salford, Greater Manchester M3 6BB2
£165K09/210.71 miFlat 17, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£205K03/230.71 miFlat 32, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£200K03/230.71 miFlat 28, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£152.5K02/230.71 miFlat 30, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£128K02/210.75 miFlat 19, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2

Local Rents

50 rents from £1.3K/mo to £4.8K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,40005/240 miWatson Street, Manchester, M32
£1,34505/240 miGreat Northern Tower, 1 Watson Street, Manchester, M3 4EP2
£1,45005/240 miGreat Northern Tower, 1 Watson Street, Deansgate, Manchester, M32
£1,37505/240 miGreat Northern Tower, 1 Watson Street, Deansgate, Manchester, M32
£1,65002/240 mi-2
£1,65005/240 miWatson Street, Manchester, M32
£1,85006/240 miGreat Northern Tower, 1 Watson Street, Manchester M3 4EF2
£1,35005/240 miGreat Northern Tower, Watson Street, Deansgate, Manchester, M32
£1,29505/240 miGreat Northern Tower, Watson Street, Deansgate, Manchester, M32
£1,25005/240 miGreat Northern Tower, 1 Watson Street, Deansgate, Manchester, M3 4EP2
£1,33007/240.01 mi-2
£1,33006/240.01 miGreat Northern Tower, Manchester, M32
£1,50005/240.01 miWatson Street, Manchester, Greater Manchester, M32
£1,65005/240.01 miGreat Northern Tower, Watson St Manchester M32
£1,40005/240.01 miGreat Northern Tower, 1 Watson Street, Manchester, Greater Manchester, M32
£1,35005/240.01 miGreat Northern Tower, Watson Street, Manchester, M32
£1,65005/240.02 miGreat Northern Tower, Watson Street2
£1,79505/240.04 miWatson Street, Manchester, M3 4EE2
£1,34506/240.04 miGreat Northern Tower, 1 Watson Street, Manchester, M3 4EP2
£2,95005/240.08 miGreat Bridgewater Street, Manchester, M22
£2,40002/250.09 mi-2
£2,40002/250.09 mi-2
£2,00005/240.1 miThe Residence, St John Street2
£1,90005/240.1 miSt. John Street Chambers, 2 St. John Street, Manchester, M32
£2,50006/240.13 miGreat Bridgewater Street, Manchester, M12
£2,10012/240.13 mi-2
£2,66512/240.14 miGreat Bridgewater Street, Manchester, M12
£2,10003/250.14 mi-2
£2,10002/250.14 mi-2
£2,10003/250.14 mi-2
£2,80006/240.14 miViadux, Deansgate2
£2,80006/240.14 miViadux, Deansgate2
£1,82501/250.15 mi-2
£2,50005/240.15 miGreat Bridgewater Street, Manchester, Greater Manchester, M12
£2,50005/240.15 miViadux, Manchester2
£2,20005/240.15 miViadux, M12
£2,30005/240.15 miViadux, Manchester 2
£2,50005/240.15 miGreat Bridgewater Street, Manchester, Greater Manchester, M12
£2,50006/240.15 miViadux, Manchester 2
£2,30006/240.15 miViadux2
£2,50006/240.15 miGreat Bridgewater Street, Manchester, Greater Manchester, M12
£1,99506/240.15 miViadux, Great Bridgewater Street, Manchester, Greater Manchester, M12
£4,75005/240.15 miBeetham Tower, 301 Deansgate, Manchester, M32
£1,99505/240.15 miBeetham Tower, 301 Deansgate, Manchester, M32
£1,59505/240.15 miBeetham Tower, 301 Deansgate, Manchester, M32
£2,10005/240.15 miBeetham Tower, 301 Deansgate, Manchester, M32
£1,65005/240.15 miBeetham Tower, 301 Deansgate, Manchester, M32
£1,75005/240.15 miBeetham Tower, 301 Deansgate, Manchester, M32
£1,95005/240.15 miBeetham Tower, Manchester, M32
£1,95006/240.15 miBeetham Tower, Manchester, M32

Local Area Statistics

Population in M3

11,725

Population in Salford

88,697

Town centre distance

2.97 miles away

Nearest school

0.30 miles away

Nearest train station

0.08 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-15%

Sales demand

Buyer's market

Capital growth (5yrs)

+3%

Property History

Listed for £280,000

March 7, 2025

Floor Plans

Description

  • Mortgages Invited - EWS1 works will be developer funded +
  • Fantastic Location +
  • Second Floor +
  • Outstanding View +
  • Balcony +
  • Virtual Tour Available +
  • 24 Hr Concierge +
  • No Chain +

Offered to the market with No Chain, and Ideally Located with a stunning view over Great Northern Square, this fantastic two bedroom property is situated on the second floor of this popular development, which enjoys a 24 hour concierge and immediate access to Deansgate's wealth of amenities.

Upon entering the property, the entrance hall provides access to all principal rooms. The open plan reception space provides an abundance of natural light, with ample room for both living and dining. The kitchen is well appointed with a selection of wall and base units, sink with drainer, oven with hob and integrated appliances. Floor to ceilings glazing leads to a delightful balcony overlooking Great Northern Square.

There are two well-proportioned double bedrooms, the main of which enjoys an ensuite with double shower unit and modern fixtures. The main bathroom comprises; bath with shower over the top, mounted wash hand basin and WC.

The property is immaculately presented throughout and provides high quality accommodation in a sought after location.

See our virtual tour online and get in touch to arrange a viewing!

Key details:

Lease: 127 years remaining
Service Charges: £3671 PA
Ground Rent: £413 PA
Second Floor
No Parking Included
EPC - C
Council Tax - E
Please Note: This building does not yet have an EWS1 form. However, Mortgage Buyers are invited as we have been advised that Taylor Wimpey has committed to funding fire safety improvement works at no cost to the leaseholder.

Agent Details

Leaders Sales, Fallowfield

0161 524 9116

Next Steps?

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