2 Bed Terraced House, Single Let, Salford, M5 4YA, £140,000

140,000 Worrall Street, Salford, M5 4YA - 10 days ago

Leasehold
Auction
BTL
ROI: 16%
60 m²
+8 photos

ValuationUndervalued











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

£1,050 - £3,250

Rent Estimate

£1,300

Running Costs/mo

£717

Cashflow/mo

£583

Cashflow/yr

£6,996

ROI

16%

Gross Yield

11%













Local Rents

50 rents from £1.1K/mo to £3.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25005/240 miBridgewater Point, Worrall Street, Salford, M52
£1,20005/240 miBridgewater Point, Worrall Street, Salford, M52
£1,30005/240.01 miBridgewater Point, Worrall Street, Salford, Greater Manchester, M52
£1,15012/240.03 mi-2
£1,25012/240.03 mi-2
£1,29503/250.03 mi-2
£3,25006/240.03 mi-2
£2,80003/250.04 mi-2
£1,45005/240.04 miRiley Building, Lowry Wharf, Derwent Street, Salford, M5 4TA2
£1,25003/250.04 mi-2
£1,20006/240.04 miSlater House, Woden Street, M52
£1,15005/240.05 miSlater House, Lamba Court, Woden Street, Salford, M52
£1,15005/240.05 miSlater House, Lamba Court, Woden Street, Salford, M52
£1,05005/240.05 miRenolds House, Lamba Court, Everard Street, Salford, M52
£1,09505/240.05 miRenolds House, Everard Street, Salford, M5 4UB2
£1,20005/240.05 miRenolds House, Everard Street, Salford2
£1,20005/240.05 mi29 Slater House, Lamba Court, Salford2
£2,00002/240.05 mi-2
£2,20002/240.05 mi-2
£1,95003/250.05 mi-2
£1,85002/250.05 mi-2
£1,30005/240.06 miWaterhouse Apartments, 14 Worrall Street, Salford, Greater Manchester, M52
£1,50001/250.06 mi-2
£1,50001/250.06 mi-2
£2,20003/250.06 mi-2
£1,30012/240.06 mi-2
£1,20006/240.06 miSteele House, Woden Street, M52
£1,15005/240.07 miSteele House, Woden Street, Salford, M52
£1,40005/240.07 miWaterhouse, Salford, M52
£1,20005/240.07 miWaterhouse, Salford, M52
£1,40002/250.07 mi-2
£1,25006/240.07 miWoden Street, Salford2
£1,30005/240.07 miBlock B, Downtown, 9 Woden Street, Salford, Lancashire, M52
£1,15005/240.07 miWoden Street, Salford, Greater Manchester, M52
£1,15005/240.07 miWoden Street, Salford, Greater Manchester, M52
£1,27505/240.07 miDowntown, 9 Woden Street, Salford2
£1,35005/240.08 mi-2
£1,30005/240.08 miDowntown, 9 Woden Street, Block A2
£1,35005/240.08 miBridgewater Gate, Woden Street, Salford, M52
£1,40005/240.08 mi9 Woden Street, Salford, 2
£1,35005/240.08 miDowntown, 7 Woden Street, Salford2
£1,35002/240.08 mi-2
£1,39506/240.08 mi-2
£1,39512/240.08 mi-2
£1,45003/250.08 mi-2
£1,39505/240.08 miWaterhouse Apartments, Salford, M52
£1,39505/240.08 miWaterhouse Apartments, Salford, M52
£1,35005/240.09 miDowntown, 7 Woden Street, Salford, Lancashire, M52
£1,30005/240.09 miDowntown, 7 Woden Street, Salford, M52
£1,35005/240.09 miWoden Street, Salford, M52

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

2.65 miles away

Nearest school

0.50 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Buyer's market

Capital growth (5yrs)

+6%

Property History

Listed for £140,000

March 7, 2025

Floor Plans

Description

  • Immediate 'Exchange of Contracts’ Available +
  • Being Sold via ‘Secure Sale +
  • EWS1 Form in Place +
  • Great Investment Opportunity +
  • Ground Floor Apartment +
  • Two Double Bedrooms +
  • Allocated Parking for One Car +
  • Communal Roof Terrace and Gardens +
  • Highly Desirable Location +
  • Excellent Transport Links +

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £140,000

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

Nestled on Worrall Street in the vibrant area of Salford, this modern house presents an excellent opportunity for both first-time buyers and investors alike. Built in 2015, the property boasts a contemporary design and offers a comfortable living space of 710 square feet.

Upon entering, you will find a welcoming reception room that serves as the heart of the home, perfect for relaxation or entertaining guests. The property features two well-proportioned bedrooms, providing ample space for a small family or individuals seeking a home office. The bathroom is thoughtfully designed, ensuring convenience and comfort.

This house is being sold via auction, presenting a unique chance to acquire a modern property in a desirable location. Salford is known for its rich cultural scene and excellent transport links, making it an ideal choice for those who wish to enjoy the benefits of city living while being close to the tranquillity of suburban life.

With its appealing features and prime location, this property is not to be missed. Whether you are looking to make it your own or seeking a promising investment, this house on Worrall Street is a fantastic opportunity waiting to be seized.

Open Plan Living - 8.58m x 3.84m (28'1" x 12'7") - Open plan living containing kitchen, dining and living area. Kitchen offers ample storage across a range of wall and base units, integrated oven, hob, extractor fan, fridge, freezer, sink, and freestanding washer/dryer and laminate flooring and the dining and living area offers space for a dining and living area, double glazed window with blinds, electric heating, and carpeted flooring

Bedroom One - 4.57m x 2.64m (14'11" x 8'7") - Bedroom One is a double bedroom with with double bed, wardrobe, chest of drawers, bedside table, double glazed window with blinds, carpeted flooring, and electric heating

Bedroom Two - 3.73m x 2.62m (12'2" x 8'7") - Bedroom Two is a double bedroom with with double bed, wardrobe, chest of drawers, bedside table, double glazed window with blinds, carpeted flooring, and electric heating

Bathroom - Bathroom with shower over bath, toilet, wash hand basin, heated chrome towel rail, mirror and tiled throughout

Parking - Allocated parking for 1 car

Communal Gardens - Allocated parking for 1 car

Lease Information - Lease Term:- 250 years beginning on and including 1 January 2015
Lease Remaining:- 241 Years Remaining
Ground Rent:- £300pa
Service Charge:- £2,813pa
Council Tax:- Band C - £2,066pa

Financial Breakdown - Estimated Rental Income:- £1,300pcm - £15,600pa
Ground Rent:- £300pa
Service Charge:- £2,813pa
NET Yield:- 6.93%

Agent Details

A To Bee Property, Whitefield

0161 524 2726

Next Steps?

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