2 Bed Flat, Single Let, Salford, M5 4UT £140,000

Eccles New Road, Redmires Court Eccles New Road, M5 4UT - 8 months ago
Sold STC
Leasehold
BTL
ROI: 3%
~68 m²
Property image

ValuationUndervalued

Sold Prices£115K - £260K
Sold Prices/m²£2.3K/m² - £5.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£172,200
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,500

Total Cash In

£43,500

 

 

Cash Out

 

Rent Range

£675 - £1,900

Rent Estimate

£695

Running Costs/mo

£597

Cashflow/mo

£99

Cashflow/yr

£1,182

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £115K to £260K, average is £205K. £2.3K/m² to £5.7K/m², average is £3.2K/m².

Price
Date
Distance
Address
Beds
 
£140K07/230.01 miFlat 49, Redmires Court, Eccles New Road, Salford, Greater Manchester M5 4US2
£115K06/210.12 miFlat 25, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG2
£136.8K04/230.12 miFlat 31, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG2
£137.5K05/230.12 miFlat 37, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG2
£136K12/220.12 miFlat 36, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG2
£150K08/230.12 miFlat 11, Melmerby Court, Eccles New Road, Salford, Greater Manchester M5 4UG2
£117.5K11/210.19 miFlat 23, Kielder Square, Eccles New Road, Salford, Greater Manchester M5 4UL2
£132K07/250.23 mi2, Ellishaw Row, Eccles New Road, Salford M5 4UJ2
£127.5K06/210.23 miFlat 1, Elishaw Row, Eccles New Road, Salford, Greater Manchester M5 4UJ2
£137K11/230.23 miFlat 21, Elishaw Row, Eccles New Road, Salford, Greater Manchester M5 4UJ2
£162.5K12/240.27 mi56 Lexington Court, Apartment 112, Broadway, Salford M50 2UG2
£160K03/250.27 miApartment 312, 52 Madison Court, Broadway, Salford M50 2UD2
£145K11/220.31 miFlat 1, Wearhead Row, Eccles New Road, Salford, Greater Manchester M5 4UH2
£170K11/240.32 mi6, Apartment 36, Langworthy Road, Salford M5 4HE2
£150.5K05/220.35 miFlat 15, Ailsa House, Langworthy Road, Salford, Greater Manchester M6 5SW2
£210K12/240.4 miMillennium Point, Apartment 803, The Quays, Salford M50 3SE2
£216K06/250.42 mi6, Field Street, Salford M6 5EY2
£216K06/250.42 mi6, Field Street, Salford M6 5EY2
£179K06/250.46 miApartment 911, 9 Michigan Point Tower A, Michigan Avenue, Salford M50 2HA2
£205K12/240.46 mi9 Michigan Point Tower A, Apartment 811, Michigan Avenue, Salford M50 2HA2
£205K03/250.46 miApartment 1807, 9 Michigan Point Tower A, Michigan Avenue, Salford M50 2HD2
£215K04/250.46 miApartment 2301, 9 Michigan Point Tower A, Michigan Avenue, Salford M50 2HD2
£135K01/250.46 mi9 Michigan Point Tower A, Apartment 2408, Michigan Avenue, Salford M50 2HD2
£179K06/250.46 miApartment 911, 9 Michigan Point Tower A, Michigan Avenue, Salford M50 2HA2
£230K09/240.48 mi71, Reservoir Street, Salford M6 5NB2
£230K04/250.49 mi159, Labrador Quay, Salford M50 3YH2
£230K04/250.49 mi159, Labrador Quay, Salford M50 3YH2
£195K01/230.49 mi145, Labrador Quay, Salford, Greater Manchester M50 3YH2
£235.1K05/250.49 mi141, Labrador Quay, Salford M50 3YH2
£235.1K05/250.49 mi141, Labrador Quay, Salford M50 3YH2
£212K12/220.5 mi43, Labrador Quay, Salford, Greater Manchester M50 3YH2
£255K11/220.51 mi119, Labrador Quay, Salford, Greater Manchester M50 3YH2
£210K05/230.51 mi171, Labrador Quay, Salford, Greater Manchester M50 3YH2
£260K04/250.52 mi52, St Lawrence Quay, Salford M50 3XT2
£260K04/250.52 mi52, St Lawrence Quay, Salford M50 3XT2
£240K03/250.54 mi168, 100 Nv Buildings, The Quays, Salford M50 3BE2
£239K07/240.55 mi14, Markendale Place, Salford M5 3GW2
£238.5K10/230.57 mi70, St Lawrence Quay, Salford, Greater Manchester M50 3XU2
£198K10/230.57 mi76, St Lawrence Quay, Salford, Greater Manchester M50 3XU2
£210K12/240.57 mi67, St Lawrence Quay, Salford, Greater Manchester M50 3XT2
£245K02/230.57 mi44, St Lawrence Quay, Salford, Greater Manchester M50 3XT2
£240K12/220.57 mi15, St Lawrence Quay, Salford, Greater Manchester M50 3XT2
£240K09/210.57 mi44, Vancouver Quay, Salford M50 3TU2
£205K09/210.58 mi71, Vancouver Quay, Salford, Greater Manchester M50 3TU2
£190K04/250.59 mi1, 96 Nv Buildings, The Quays, Salford M50 3BB2
£190K04/250.59 mi1, 96 Nv Buildings, The Quays, Salford M50 3BB2
£240K12/240.6 miDock Office, Apartment 32, Furness Quay, Salford M50 3AA2
£191K02/250.61 mi40, Winnipeg Quay, Salford M50 3TY2
£245K04/250.63 miApartment 198, 94 City Lofts, The Quays, Salford M50 3TZ2
£222K05/250.63 miApartment 52, 94 City Lofts, The Quays, Salford M50 3TS2

Local Rents

50 rents from £675/mo to £1.9K/mo, average is £1.1K/mo.

Rent
Date
Distance
Address
Beds
 
£85008/250 miRedmires Court, Eccles New Road, Salford, M5 4UT2
£1,05006/250 miRedmires Court, Eccles New Road, Salford, M52
£99910/250 miEccles New Road, Salford2
£1,40001/250 mi-2
£1,15007/250 mi-2
£1,40011/250 mi-2
£97505/240 miRedmires Court, Eccles New Road, Salford, Lancashire, M52
£69508/250 miRedmires Court, Salford2
£99507/250 mi-2
£1,40011/250 mi-2
£1,29911/250 mi-2
£1,40011/250 mi-2
£1,40011/250 mi-2
£1,40010/250 miRedmires Court, Salford, M52
£67507/250.01 miRedmires Court, Eccles New Road, Salford, M52
£1,05008/250.01 miRedmires Court, Eccles New Road, Salford, M52
£1,35010/250.01 miRedmires Court, Manchester, M52
£1,05010/250.01 miRedmires Court, Eccles New Road, Salford, M52
£99006/250.03 miEccles New Road, Salford2
£72508/250.04 miRedmires Court, Eccles New Road, Salford, M52
£1,39909/250.04 miRedmires Court Eccles New Road, Salford, M52
£1,40009/250.04 miRedmires Court Eccles New Road, Salford, M52
£1,03007/250.04 mi-2
£1,10006/240.04 miRedmires Court, Eccles New Road, M5 4UT2
£1,10008/250.04 miRedmires Court, Eccles New Road, M5 4UT2
£1,10008/250.04 miRedmires Court, Eccles New Road, M5 4UT2
£1,00010/250.04 miRedmires Court, Eccles New Road, Salford, M5 4UT2
£72508/250.04 miRedmires Court , Eccles New Road, Salford M5 4UT2
£1,28010/250.04 miRedmires Court, Eccles New Road, M52
£99511/250.04 miRedmires Court, Eccles New Road, Salford, M52
£77508/250.05 miRedmires Court, Eccles New Road, Salford, M52
£70008/250.06 miRedmires Court Eccles New Road, Salford, M52
£1,05007/250.07 miEccles New Road, Salford, Lancashire, M52
£95005/240.07 miMelmerby Court, Eccles New Road, Salford2
£97505/250.07 miMelmerby Court, Eccles New Road, Salford2
£97506/240.07 mi-2
£94506/250.07 mi-2
£95005/240.07 miEccles New Road, Salford2
£92506/250.07 miMelmerby Court, Salford, M52
£94506/250.07 miMelmerby Court, Salford, M52
£95006/250.07 miMelmerby Court, Eccles New Road, Salford, M5 4UQ.2
£1,06508/250.07 miMelmerby Court, St James Park, Eccles New Road, Salford, M52
£75008/250.07 miCarthorpe Arch, Eccles New Road2
£1,90011/250.08 miOrsdall Lane, Manchester, Greater Manchester, M52
£1,60011/250.08 mi321 Ordsall Lane, Salford, M52
£1,35005/240.08 miSilkbank Wharf, Salford, M52
£1,40005/240.08 mi1004, 21 Derwent Street, Salford, Greater Manchester, M52
£1,45005/240.08 miSilkbank Wharf, Salford, M52
£1,50006/240.08 miSilbank Wharf, Salford, M5,2
£1,60007/250.08 miDerwent Street, Manchester, Greater Manchester, M52

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

1.83 miles away

Nearest school

0.30 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Buyer's market

Capital growth (5yrs)

-2%

Property History

Listed for £140,000

March 21, 2025

Sold for £115,000

2021

Sold for £62,000

2013

Sold for £87,000

2007

Floor Plans

Property image

Description

  • Beautifully Presented Two Bedroom Apartment Located on a Popular Development +
  • Within Walking Distance of Salford Quays & Media City +
  • Just a Short Walk from Langworthy Tram Stop, which Provides Direct Access into Manchester City Centre +
  • Large Lounge Diner +
  • Two Double Bedrooms +
  • Fitted Kitchen and a Modern Three-Piece Bathroom +
  • Well-Presented Communal Gardens +
  • Ideal First Time Home or Investment +
  • Viewing is Highly Recommended +

Beautifully Presented Two Bedroom Apartment Situated on a Popular Development with Stunning Communal Gardens - Boasts a Convenient Location, Within Walking Distance of Salford Quays & Media City! This property is a fantastic opportunity to live within easy access of Salford Quays & Media City at a great price. It’s within easy access of a fine array of amenities, including bars, shops and restaurants.  It is also just a short walk from Langworthy tram stop - which provides direct access into Manchester City Centre!  As you enter the property you head into the welcoming entrance hallway, which provides access to the large lounge diner, two spacious double bedrooms, the fitted kitchen and the modern three-piece bathroom. Externally, the development boasts beautifully maintained communal gardens, an allocated parking space and secure access through intercom, fob and electric gates.  The property is currently being rented for £1050 per month, and new flooring has been fitted just over a year ago. Viewing is highly recommended - get in touch to secure your viewing today!

EPC Rating: C

Agent Details

Hills, Eccles

0161 707 4900

Next Steps?

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