2 Bed Terraced House, Single Let, Salford, M6 5ND, £215,000

Alder Street, Salford, M6 5ND - a month ago

Leasehold
BTL
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£75K - £222K
Sold Prices/m²£1.1K/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£160,562

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£12,700

Total Cash In

£66,450

 

 

Cash Out

 

Rent Range

£900 - £1,850

Rent Estimate

£925

Running Costs/mo

£877

Cashflow/mo

£48

Cashflow/yr

£578

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £75K to £222K, average is £167.8K. £1.1K/m² to £3.8K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£220K01/230.01 mi10, Alder Street, Salford, Greater Manchester M6 5ND2
£165K06/210.03 mi53, Alder Street, Salford, Greater Manchester M6 5WD2
£160K03/210.03 mi15, Reservoir Street, Salford, Greater Manchester M6 5WB2
£222K08/230.03 mi28, Reservoir Street, Salford, Greater Manchester M6 5WB2
£195K10/230.03 mi42, Reservoir Street, Salford, Greater Manchester M6 5WB2
£188K02/240.03 mi4, Ash Street, Salford, Greater Manchester M6 5NA2
£195K06/230.03 mi26, Ash Street, Salford, Greater Manchester M6 5NA2
£165K03/210.03 mi24, Ash Street, Salford, Greater Manchester M6 5NA2
£216K03/230.04 mi20, Field Street, Salford, Greater Manchester M6 5EY2
£185K12/200.04 mi18, Field Street, Salford, Greater Manchester M6 5EY2
£205K11/230.04 mi14, Field Street, Salford, Greater Manchester M6 5EY2
£133K12/200.05 mi78, Highfield Road, Salford, Greater Manchester M6 5LA2
£180K12/220.05 mi102, Highfield Road, Salford, Greater Manchester M6 5LA2
£180K02/240.05 mi69, Ash Street, Salford, Greater Manchester M6 5WA2
£200K08/230.05 mi37, Ash Street, Salford, Greater Manchester M6 5WA2
£211K12/230.05 mi1, Ash Street, Salford, Greater Manchester M6 5WA2
£172K08/210.06 mi14, Laburnum Street, Salford, Greater Manchester M6 5LZ2
£200K11/220.06 mi51, Laburnum Street, Salford, Greater Manchester M6 5LZ2
£157K07/210.06 mi57, Laburnum Street, Salford, Greater Manchester M6 5LZ2
£165K02/210.06 mi9, Laburnum Street, Salford, Greater Manchester M6 5LZ2
£165K10/210.06 mi58, Laburnum Street, Salford, Greater Manchester M6 5LZ2
£162K03/210.06 mi56, Laburnum Street, Salford, Greater Manchester M6 5LZ2
£188K02/240.06 mi62, Laburnum Street, Salford, Greater Manchester M6 5LZ2
£185K04/210.06 mi15, Jubilee Street, Salford, Greater Manchester M6 5EP2
£127K03/210.09 mi120, Fitzwarren Street, Salford, Greater Manchester M6 5RS2
£146.5K05/210.12 mi22, Jones Street, Salford, Greater Manchester M6 5LP2
£185K07/230.13 mi25, Keswick Grove, Salford, Greater Manchester M6 5LR2
£148K03/230.14 mi39, Duchy Street, Salford, Greater Manchester M6 5LS2
£104K03/210.16 mi66, Nansen Street, Salford, Greater Manchester M6 5QH2
£169K07/230.18 mi17, Alpha Street, Salford, Greater Manchester M6 5JY2
£153K11/200.21 mi4, Woodgrange Close, Salford, Greater Manchester M6 5PD2
£75K02/210.21 mi5, Norway Street, Salford, Greater Manchester M6 5GD2
£173.5K04/230.22 mi4, Springwell Close, Salford, Greater Manchester M6 5PB2
£105K03/210.22 mi20, Fram Street, Salford, Greater Manchester M6 5GB2
£185K04/210.24 mi6, Lower Seedley Road, Salford, Greater Manchester M6 5WL2
£157.5K08/210.24 mi24, Lower Seedley Road, Salford, Greater Manchester M6 5WL2
£152.5K10/200.26 mi9, Edmund Street, Salford, Greater Manchester M6 5WQ2
£200K01/230.26 mi14, Edmund Street, Salford, Greater Manchester M6 5WQ2
£170K05/240.26 mi6, Horsham Street, Salford, Greater Manchester M6 5QS2
£142.5K02/210.26 mi26, Horsham Street, Salford, Greater Manchester M6 5QS2
£180K10/220.26 mi42, Grange Street, Salford, Greater Manchester M6 5PR2
£152K07/210.26 mi12, Milford Street, Salford, Greater Manchester M6 5GQ2
£148K12/200.26 mi4, Milford Street, Salford, Greater Manchester M6 5GQ2
£215K07/240.27 mi3, Tenbury Close, Salford, Greater Manchester M6 5BJ2
£165K06/230.27 mi10, Hersey Street, Salford, Greater Manchester M6 5GT2
£166.5K02/210.27 mi4, Haven Street, Salford, Greater Manchester M6 5QR2
£126K10/210.28 mi6, Alpha Street West, Salford, Greater Manchester M6 5NR2
£144K01/210.28 mi10, Alpha Street West, Salford, Greater Manchester M6 5NR2
£135K11/200.28 mi54, Langton Street, Salford, Greater Manchester M6 5PU2
£188K08/230.31 mi16, Newport Street, Salford, Greater Manchester M6 5TW2

Local Rents

51 rents from £900/mo to £1.9K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20005/240 miAlder Street, Salford, M62
£1,15012/240.02 mi-2
£1,15003/240.03 miReservoir Street, Manchester, Greater Manchester, M62
£1,15001/250.03 mi-2
£1,10005/240.03 miAlder Street, Salford, M62
£1,35005/240.04 mi-2
£1,25005/240.04 miField Street, Chimney Pot Park, Salford2
£1,20005/240.04 miReservoir Street, Salford, Greater Manchester, M62
£1,20005/240.04 miReservoir Street, Salford, Greater Manchester, M62
£1,35003/250.04 mi-2
£1,25005/240.05 mi-2
£1,25002/250.05 mi-2
£1,10005/240.06 miLaburnum Street, Salford, M62
£1,10003/240.06 miLaburnum Street, Manchester, Greater Manchester, M62
£1,30005/240.07 miLaburnum Street, Salford2
£1,19502/240.07 mi-2
£1,14512/240.07 mi-2
£1,20003/250.07 mi-2
£1,20005/240.07 mi-2
£1,15005/240.09 mi-2
£1,20005/240.11 miAsh Street, Salford2
£1,00005/240.11 miBronte Court, Rosehill Close, SALFORD, M62
£1,10001/250.11 mi-2
£1,10005/240.12 mi88 Langworthy Road, Manchester, Greater Manchester, M62
£1,45012/240.14 mi-2
£1,15005/240.14 mi-2
£1,00005/240.15 miNansen Street, Salford, M62
£97505/240.15 miLangworthy Road, Salford2
£1,85005/240.15 mi-2
£1,40005/240.15 miBlock C Alto, Sullivan Way, M3 6GD2
£95005/240.15 miKeswick Grove, Salford, Greater Manchester, M62
£1,10005/240.15 miLiverpool Street, Pendleton One, Salford, Lancashire, M62
£95005/240.16 miSpring Gardens, Salford, M62
£90005/240.17 miSpring Gardens, Salford2
£1,05012/240.18 mi-2
£1,05006/240.18 miNansen Street, Salford, M62
£1,20006/240.19 mi-2
£1,20005/240.19 miBlodwell Street, Manchester, M62
£1,10006/240.2 mi-2
£1,10006/240.22 miBrown Street, Salford, M62
£1,19903/250.26 mi-2
£1,40002/250.26 mi-2
£90005/240.26 miGrange Street, Salford2
£99705/240.26 mi12 Hersey St, Salford, M6 5GT2
£90003/250.27 mi-2
£1,20002/250.28 mi-2
£1,10001/250.28 mi-2
£1,30005/240.29 mi-2
£1,40003/250.29 mi-2
£1,10005/240.29 miSalford, Salford, M52
£1,25012/240.29 mi-2

Local Area Statistics

Population in M6

31,268

Population in Salford

88,697

Town centre distance

1.41 miles away

Nearest school

0.20 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+58%

Property History

Price changed to £215,000

March 20, 2025

Listed for £230,000

March 8, 2025

Floor Plans

Description

  • MODERN & CONTEMPORARY INTERIOR THROUGHOUT +
  • CLOSE TO SALFORD QUAYS & MEDIA CITY +
  • EASY ACCESS TO SALFORD UNIVERSITY +
  • ALLOCATED ON STREET PARKING PERMIT FOR RESIDENTS +
  • NO VENDOR CHAIN +
  • HIGHLY SOUGHT AFTER 'CHIMNEY POT' DEVELOPMENT +
  • FANTASTIC TERRACE IDEAL FOR AL FRESCO DINING +
  • CATCHMENT AREA FOR GOOD & OUTSTANDING SCHOOLS +
  • EARLY & INTERNAL VIEWING HIGHLY RECOMMENDED +

The Property
- Stunning two-bedroom property spread over three floors
- Ideal for first-time buyers, young professionals, families or buy-to-let landlords
- Close to Salford town centre and Salford Quays, with an array of shops, bars, supermarkets, restaurants, parks and local amenities nearby
- Langworthy tram stop and Salford Crescent train station, both under one mile from the property
- Fantastic bus routes into the city centre and beyond
- Award-winning 'upside down' houses in Chimney Pot Park, designed by architects Urban Splash
- No vendor chain
- Early and internal viewing highly recommended on this move-in-ready property

Entrance Hall
Wooden flooring, separate storage cupboards, radiator and stairs to first floor.

Bedroom One
Wooden flooring, radiator and two double glazed windows.

Bedroom Two
Wooden flooring, built in wardrobe, radiator and door to outside terrace.

Shower Room
A three piece suite comprising of separate shower cubicle, wall mounted sink unit and WC, wooden flooring, spot lights to ceiling, hidden storage above mirror, and wall mounted heated towel rail.

First Floor Landing
Opening out to:-

Lounge
Wooden flooring, spot lights to ceiling, radiator, double glazed patio doors leading to outside sun terrace and opening out to:-

Dining Area
Wooden flooring, double glazed window, pedant ceiling light and stairs to second floor.

Second Floor Landing
Opening out to:-

Kitchen
A range of low level units, incorporating a sink and drainer unit, built in four ring hob with extractor fan over, built in oven and grill, fridge, freezer, wooden flooring, spot lights to ceiling and radiator.

Outside
There is a fantastic sun terrace off the lounge area which is ideal for al fresco dining.

Parking
There is on street parking with residents permit

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 22/03/3006

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Manchester

0161 524 9265

Next Steps?

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