2 Bed Flat, Single Let, Salford, M5 4LH, £130,000

Fusion 9, Middlewood Street, Salford, M5 4LH - 1 views - 25 days ago

Leasehold
BTL
ROI: 10%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£102K - £430K
Sold Prices/m²£1.7K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£156,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,700

Total Cash In

£40,200

 

 

Cash Out

 

Rent Range

£950 - £3,500

Rent Estimate

£961

Running Costs/mo

£618

Cashflow/mo

£343

Cashflow/yr

£4,111

ROI

10%

Gross Yield

9%

Local Sold Prices

52 sold prices from £102K to £430K, average is £169K. £1.7K/m² to £4.4K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£128K02/210.23 miFlat 19, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£130K05/230.23 miFlat 2, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£127.5K07/230.23 miFlat 11, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£150K11/220.26 miFlat 42, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£102K03/210.26 miFlat 101, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£136.1K01/230.26 miFlat 66, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K03/230.26 miFlat 102, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K07/230.26 miFlat 90, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£110K11/200.26 miFlat 41, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£171.5K07/210.28 miApartment 49, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£173K11/210.28 miApartment 72, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£114K11/230.38 miApartment 1, Renolds House, Everard Street, Salford, Greater Manchester M5 4UB2
£153K12/230.38 miRenolds House, Apartment 19, Everard Street, Salford, Greater Manchester M5 4UB2
£210K03/210.4 mi19, Woollam Place, Manchester, Greater Manchester M3 4JJ2
£180K12/220.4 miApartment 47, Slater House, Woden Street, Salford, Greater Manchester M5 4UE2
£276.5K02/210.41 miFlat 11, Old Court House, Encombe Place, Salford, Greater Manchester M3 6FJ2
£230K08/210.42 mi32, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£212K09/210.42 mi28, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£208K02/210.43 mi133d, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£240K04/210.43 mi127f, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£165K09/210.44 miFlat 17, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£205K03/230.44 miFlat 32, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£152.5K02/230.44 miFlat 30, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£200K03/230.44 miFlat 28, Trinity Court, Cleminson Street, Salford, Greater Manchester M3 6DX2
£170K06/230.56 mi22, Brotherton Drive, Salford, Greater Manchester M3 6BH2
£170K06/230.56 mi22, Brotherton Drive, Salford, Greater Manchester M3 6BH2
£250K07/210.57 miFlat 301, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£260K06/230.57 miFlat 108, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£210K09/210.57 miFlat 202, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£220K06/210.58 mi29, Rozel Square, Manchester, Greater Manchester M3 4FQ2
£294K12/200.59 mi11, Culvercliff Walk, Manchester, Greater Manchester M3 4FL2
£277K07/210.59 mi1, Culvercliffe Walk, Manchester, Greater Manchester M3 4FL2
£170K09/210.59 miFlat 12, Model Lodging House, Bloom Street, Salford, Greater Manchester M3 6AJ2
£330K12/220.59 miFlat 36, Model Lodging House, Bloom Street, Salford, Greater Manchester M3 6AJ2
£153.5K03/210.6 mi41, Greenwood Terrace, Salford, Greater Manchester M5 3GH2
£430K01/230.61 miSuite 509, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£400K04/210.61 miApartment 310, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£350K04/210.61 miApartment 301, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£145K06/210.62 mi10, Bevill Square, Salford, Greater Manchester M3 6BB2
£130K01/210.63 miFlat 29, Thomas Court, Beattock Close, Manchester, Greater Manchester M15 4JA2
£166K07/230.63 mi19, Lockett Gardens, Salford, Greater Manchester M3 6BJ2
£166K07/230.63 mi19, Lockett Gardens, Salford, Greater Manchester M3 6BJ2
£285K06/210.64 mi28, Porchfield Square, Manchester, Greater Manchester M3 4FG2
£131.5K11/200.64 mi66, Linen Court, Salford, Greater Manchester M3 6JG2
£168K12/220.64 mi61, Linen Court, Salford, Greater Manchester M3 6JG2
£170K05/230.64 mi17, Linen Court, Salford, Greater Manchester M3 6JG2
£166K01/230.65 mi57, Linen Court, Salford, Greater Manchester M3 6JG2
£125K08/210.66 mi44, Calico Close, Salford, Greater Manchester M3 6AH2
£135K02/230.66 mi38, Calico Close, Salford, Greater Manchester M3 6AH2
£120K04/210.71 mi25, Chiffon Way, Salford, Greater Manchester M3 6AB2
£125K10/200.72 mi59, Blackburn Street, Salford, Greater Manchester M3 6AS2
£134K11/200.72 mi53, Blackburn Street, Salford, Greater Manchester M3 6AS2

Local Rents

50 rents from £950/mo to £3.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,09505/240 miFusion 9, Middlewood Street, Salford, M52
£1,09506/240 miFusion 9, Middlewood Street, Salford, M52
£2,89505/240 miMiddlewood Street, Manchester, Greater Manchester, M52
£1,10005/240 miFusion, Salford, M52
£1,10005/240.02 miFusion 3, 14 Middlewood Street, Salford, M52
£1,15006/240.02 miMiddlewood Street, Salford, M52
£1,15006/240.02 miMiddlewood Street, Salford, M52
£1,15005/240.03 miApartment 2, Fusion 5, 10 Middlewood Street, Salford M5 4LN2
£1,35005/240.03 miFusion 7, Middlewood Street, Salford, Manchester, M52
£1,15006/240.03 miFusion 8, Middlewood Street, Salford, Manchester, M52
£1,40012/240.03 mi-2
£1,10005/240.05 miFusion 8, 4 Middlewood Street, Salford, Greater Manchester, M52
£1,49505/240.05 miMiddlewood Street, Salford M52
£1,15003/250.05 mi-2
£2,10001/250.05 mi-2
£2,25002/240.05 mi-2
£2,45005/240.05 mi-2
£2,30006/240.05 mi-2
£99506/240.05 mi-2
£99505/240.05 miMiddlewood Street, Salford, M52
£95003/250.05 mi-2
£1,07512/240.05 mi-2
£1,49503/250.06 mi-2
£99505/240.06 miMiddlewood Street, Salford, Greater Manchester, M5 4LH2
£95006/240.06 mi-2
£95006/240.06 miFusion 6, Salford, M52
£1,35005/240.06 miOldfield Road, Manchester, Greater Manchester, M52
£1,20006/240.06 miFusion Building, Middlewood Street, Manchester, Salford2
£1,25006/240.07 mi-2
£1,25005/240.07 miFusion Apartments, Salford, M52
£2,40003/250.07 mi-2
£1,00005/240.07 miMiddlewood Street, Salford, Greater Manchester, M52
£1,40003/250.07 mi-2
£3,00006/240.07 mi-2
£1,49505/240.07 miRolling Street, Salford M52
£2,80006/240.08 mi-2
£1,25005/240.08 mi-2
£1,30005/240.08 mi-2
£1,35006/240.08 mi-2
£3,50006/240.08 mi-2
£2,90006/240.08 mi-2
£1,40006/240.08 mi-2
£3,00006/240.08 mi-2
£2,00012/240.08 mi-2
£1,40012/240.08 mi-2
£1,80012/240.08 mi-2
£2,20001/250.08 mi-2
£1,44003/250.08 mi-2
£1,65003/250.08 mi-2
£3,00005/240.08 mi-2

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

2.33 miles away

Nearest school

0.30 miles away

Nearest train station

0.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Buyer's market

Capital growth (5yrs)

+6%

Property History

Listed for £130,000

March 10, 2025

Floor Plans

Description

  • Offered to the market with no onward chain +
  • Well Presented Ground Floor Apartment +
  • Two Bathrooms +
  • Walking Distance To City Centre +
  • Currently Tenanted Until 30.04.2025 at £1,200pcm +

Offered to the market with no onward chain. C & R City are pleased to bring to the market a well presented, two bedroom, two bathroom ground floor apartment in the ever popular Fusion Building, Middlewood Street, Salford, M5. The apartment is within walking distance to Manchester City Centre and benefits from a spacious living room, seperate kitchen, master bedroom with master en-suite, a second bedroom and a three peice bathroom suite. Excellent first time purchase or buy to let investment. Currently tenanted until 30th April 2025 acheving £1,200pcm. Early viewing highly recommended. 

Property additional info

Lounge: 4.16m x 2.80m (13' 8" x 9' 2")
Double glazed double doors open to Juliet balcony & patio area. Electric heater. Double doors open to kitchen.

Kitchen: 2.69m x 2.45m (8' 10" x 8' )
Fitted with a range of wall and base units with matching work surfaces over incorporating a stainless steel sink and drainer unit with mixer tap. Oven and four ring hob with stainless steel extractor unit over.

Master Bedroom: 4.26m x 2.59m (14' x 8' 6")
Featuring a Juliette balcony, Complete with a ceiling light point, electric heater and wood laminate flooring.

En-Suite: 1.76m x 2.02m (5' 9" x 6' 8")
Featuring a three piece suite including a shower cubicle, hand wash basin and W.C.

Bedroom Two: 3.39m x 1.80m (11' 1" x 5' 11")
Complete with a ceiling light point, double glazed window and electric heater.

Bathroom: 2.79m x 1.81m (9' 2" x 5' 11")
Fitted with a white three piece suite comprising; wash hand basin, panelled bath with shower over and low level WC. Tiled floor and walls. Spotlights to ceiling.

Agent Details

C & R Properties Ltd, Salford Manchester

01655 509987

Next Steps?

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