2 Bed Flat, Single Let, Salford, M7 4ZU, £90,000

City View, Highclere Avenue, Salford, M7 4ZU - 3 views - 15 days ago

Leasehold

BTL

ROI: 21%

~68 m²

+4 photos

ValuationUndervalued

Sold Prices	£68.8K - £295K
Sold Prices/m²	£1.6K/m² - £2.5K/m²

Square Metres	~68.11 m²
Price/m²	£1.3K/m²
Value Estimate	£108,000£108,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£22,500£22,500
Stamp Duty & Legal Fees	£5,700£5,700
Total Cash In	£28,200£28,200

Cash Out
Rent Range	£775 - £2,400£775 - £2,400
Rent Estimate	£990
Running Costs/mo	£499£499
Cashflow/mo	£491£491
Cashflow/yr	£5,889£5,889
ROI	21%21%
Gross Yield	13%13%

Local Sold Prices

26 sold prices from £68.8K to £295K, average is £111K. £1.6K/m² to £2.5K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£68.8K	11/20	0 mi	Apartment 605, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU	-	-	2	Flat
£80K	09/23	0 mi	Apartment 1202, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU	-	-	2	Flat
£77.5K	02/23	0 mi	Ground Floor Apartments G04, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU	-	-	2	Flat
£93K	08/23	0 mi	Apartment 1304, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU	-	-	2	Flat
£95K	07/22	0.03 mi	Apartment 804, City View, Highclere Avenue, Salford, Greater Manchester M7 4ZU	-	-	2	Flat
£125K	09/22	0.21 mi	4, Martingale Court, Manchester, Greater Manchester M8 0AR	£2,232	56	2	Flat
£105K	06/21	0.39 mi	Flat 41, St. Davids Court, Sherborne Street, Manchester, Greater Manchester M8 8ND	-	-	2	Flat
£103K	11/21	0.39 mi	74, Martingale Court, Manchester, Greater Manchester M8 0AR	£1,707	60	2	Flat
£140K	09/23	0.39 mi	64, Martingale Court, Manchester, Greater Manchester M8 0AR	£2,295	61	2	Flat
£125.5K	02/23	0.4 mi	Flat 100, St. Davids Court, Sherborne Street, Manchester, Greater Manchester M8 8NT	-	-	2	Flat
£96K	05/21	0.41 mi	35, Deanery Court, Manchester, Greater Manchester M8 0AU	-	-	2	Flat
£100K	05/22	0.41 mi	12, Deanery Court, Manchester, Greater Manchester M8 0AU	£1,773	56	2	Flat
£95K	03/21	0.41 mi	7, Deanery Court, Manchester, Greater Manchester M8 0AU	£1,638	58	2	Flat
£135K	11/22	0.41 mi	30, Deanery Court, Manchester, Greater Manchester M8 0AU	£2,338	58	2	Flat
£110K	12/22	0.41 mi	7, Deanery Court, Manchester, Greater Manchester M8 0AU	£1,897	58	2	Flat
£125.5K	07/23	0.43 mi	Flat 82, St. Davids Court, Sherborne Street, Manchester, Greater Manchester M8 8NT	-	-	2	Flat
£156K	02/23	0.5 mi	59, Waterloo Road, Manchester, Greater Manchester M8 8BY	£2,261	69	2	Flat
£160K	09/22	0.53 mi	6, St Albans Terrace, Manchester, Greater Manchester M8 8BZ	£2,462	65	2	Flat
£120K	01/23	0.59 mi	3, Betula Grove, Salford, Greater Manchester M7 2AB	£1,905	63	2	Flat
£149K	11/23	0.78 mi	Flat 16, Tower Grange, New Hall Road, Salford, Greater Manchester M7 4EL	-	-	2	Flat
£101K	03/21	0.78 mi	Flat 2, Tower Grange, New Hall Road, Salford, Greater Manchester M7 4EL	-	-	2	Flat
£110K	03/21	0.84 mi	Flat 10, Milton Court, Bury Old Road, Salford, Greater Manchester M7 4QX	-	-	2	Flat
£155K	03/21	0.84 mi	Flat 2, Bristol Court, Bury Old Road, Salford, Greater Manchester M7 4QX	-	-	2	Flat
£295K	06/21	0.85 mi	Flat 2, Lakeside Court, Old Hall Road, Salford, Greater Manchester M7 4JJ	-	-	2	Flat
£230K	10/21	0.89 mi	Flat 20, Sommerville Court, Park Lane, Salford, Greater Manchester M7 4HU	-	-	2	Flat
£112K	01/21	0.91 mi	Flat 12, Grosvenor Court, Park Lane, Salford, Greater Manchester M7 4JZ	-	-	2	Flat

Local Rents

50 rents from £775/mo to £2.4K/mo, average is £995/mo.

Rent	Date	Distance	Address	Beds	Type
£895	07/24	0 mi	City View Aprtments, Highclere Avenue, Salford	2	Flat
£1,000	07/24	0 mi	City View, Highclere Avenue, Salford, M7 4ZU	2	Flat
£980	08/24	0 mi	-	2	Flat
£980	08/24	0 mi	City View, Salford, M7	2	Flat
£1,050	08/24	0 mi	-	2	Flat
£2,400	05/24	0 mi	-	2	Flat
£1,350	06/24	0 mi	-	2	Flat
£900	12/24	0 mi	-	2	Flat
£900	01/25	0 mi	-	2	Flat
£1,050	08/24	0 mi	City View, Salford, M7	2	Flat
£1,050	07/24	0.01 mi	-	2	Flat
£1,050	07/24	0.01 mi	City View, Salford, M7	2	Flat
£1,000	08/24	0.01 mi	City View, Highclere Avenue, Salford, M7 4ZU	2	Flat
£950	06/24	0.03 mi	Highclere Avenue, Salford, M7	2	Flat
£1,095	12/24	0.09 mi	-	2	Detached House
£1,350	05/24	0.19 mi	-	2	Semi-Detached House
£1,200	08/24	0.19 mi	-	2	Detached House
£975	07/24	0.21 mi	-	2	Terraced House
£995	08/24	0.21 mi	-	2	Terraced House
£975	02/25	0.22 mi	-	2	Terraced House
£900	06/24	0.23 mi	-	2	Terraced House
£900	06/24	0.23 mi	Southam Street, Salford, M7	2	Terraced House
£1,100	04/25	0.23 mi	-	2	Terraced House
£900	05/24	0.24 mi	Great Cheetham Street East, Broughton, Salford, M7	2	Flat
£900	05/24	0.25 mi	Hacking Street, Salford, Greater Manchester, M7	2	Semi-Detached House
£1,290	04/25	0.26 mi	-	2	Semi-Detached House
£950	06/24	0.26 mi	Barrowhill Road, Cheetwood, Manchester, M8	2	Semi-Detached House
£950	06/24	0.26 mi	Barrowhill Road, Cheetwood, Manchester, M8	2	Semi-Detached House
£950	07/24	0.26 mi	Barrowhill Road, Cheetwood, Manchester, M8	2	Semi-Detached House
£950	07/24	0.26 mi	Barrowhill Road, Cheetwood, Manchester, M8	2	Semi-Detached House
£950	04/25	0.28 mi	-	2	Terraced House
£1,050	06/24	0.28 mi	Venture Scout Way, Manchester, M8	2	Semi-Detached House
£1,050	06/24	0.28 mi	-	2	Semi-Detached House
£1,000	04/25	0.34 mi	-	2	Terraced House
£1,300	03/25	0.36 mi	-	2	Semi-Detached House
£925	01/24	0.38 mi	-	2	Flat
£1,100	04/25	0.38 mi	-	2	Flat
£1,150	01/25	0.4 mi	-	2	Flat
£1,100	04/25	0.4 mi	-	2	Flat
£1,150	04/25	0.4 mi	-	2	Flat
£775	01/24	0.4 mi	-	2	Flat
£950	07/24	0.4 mi	Deanery Court, Cheetham Hill	2	Flat
£1,100	03/25	0.4 mi	-	2	Flat
£895	05/24	0.4 mi	Martingale Court, Cheetham, Manchester, M8 0AR	2	Flat
£1,200	01/25	0.41 mi	-	2	Flat
£1,250	12/24	0.41 mi	-	2	Flat
£895	07/24	0.42 mi	Deanery Court, Manchester, M8 0AU	2	Flat
£895	07/24	0.42 mi	Deanery Court, Manchester, M8 0AU	2	Flat
£950	05/24	0.42 mi	Midway House, Cheetham Hill	2	Flat
£995	05/24	0.42 mi	Larch Gardens 16, Apt 15, Cheetham Hill, Manchester, M8 8BJ	2	Flat

Local Area Statistics

Population in M7	27,60127,601
Population in Salford	88,69788,697
Town centre distance	2.34 miles away2.34 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.63 miles away0.63 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+36%+36%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+38%+38%

Property History

Listed for £90,000

April 1, 2025

Floor Plans

Description

No Onward Chain +
12th Floor Apartment +
Spacious Lounge +
Two Double Bedrooms +
Parking +
Close To Manchester City Centre +
Tenant currently paying £990pcm +

Offered to the market with no onward chain C & R City are pleased to bring to the market this spacious two double bedroom apartment situated in City View, Highclere Avenue, M7. Situated on the 12th floor this property offers a large reception and fully fitted kitchen with an integrated fridge and freezer, two generously sized double bedrooms and a fitted bathroom. The apartment benefits from spacious rooms, electric heating, and secure parking. This property also comes with a lift to all floors and key fob entry. Location is ideal as it is approx two miles to the city centre, great transport links, furthermore there is a local supermarket and leisure centre, nearby. Ideal buy to let investment.

Please note, the property is currently tenanted with a fixed term contract in place until 26th August 2025 with a monthly rental return of £990pcm

Property additional info

Hallway:
Spacious hallway providing access to Lounge, Two Bedrooms & the Bathroom.

Lounge: 4.03m x 7.33m (13' 3" x 24' 1")
Spacious living room, Upvc double glazed windows. The living room area is carpeted throughout and kitchen floor is vynal. Two electric heaters, the kitchen has wall and base units with fridge and freezer, oven, hob and extractor hood. Stainless steel sink unit.

Master Bedroom: 4.26m x 2.92m (14' x 9' 7")
Upvc double glazed window, carpet and electric heater.

Bedroom Two: 4.17m x 2.30m (13' 8" x 7' 7")
Upvc double glazed window, carpet and electric heater

Bathroom:
Three piece suite with electric shower over the bath, wash hand basin and w.c Heated towel rail and tiled walls.

Lease:
999 years from 2003. Ground Rent: £100 per annum. Service Charge: Approx £2,784 per annum

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 💪

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