Salford, M6, Salford (Centre)

Property Details

  • Price: £150,000.00
  • Location: Salford (Centre)
  • Region: Salford
  • Country: Manchester
  • Reference: STAP-PORT8
Salford, M6

Type: 2-bed terrace
Asking price: Offers over £150,000
Status: Vacant on completion
Refurbishment Required: No
Estimated Rental: £700pcm
Estimated gross rental yield: 5.6%
Sourcing Fee: £3000 plus vat

This well presented mid terrace house is positioned within a desirable residential location. The property comprises entrance hall, sizable front and rear reception rooms with separate kitchen. The first floor comprises two generous bedrooms and family bathroom.

Well located for amenities, transport links and access to Manchester City Centre. Salford Royal Hospital, Media City and universities are also within easy reach of the property.

Speak to a member of the Portfolio8 team today for more information.

Return on Investment

Investment - Summary
Guide Price£150,000.00
Estimated Rental Income (pcm)£700.00
Annual Rental Income£8,400.00
Investment - Cost Breakdown (Assumed 75% LTV mortgage)
Deposit Amount (25%)£37,500.00
Solicitor Fees (approx. £1,000)£1,000.00
Sourcing Fee (£3,000.00 plus VAT)£3,600.00
Refurbishment Costs:£0.00
Total Approx. Costs:£42,100.00
Investment - Cash Flow (Assumed 75% LTV mortage)
Gross Revenue Per Month:£700.00
Minus Costs
Lettings Fee - 10% plus VAT (fully managed by Portfolio8)£84.00
Mortgage Costs (assumed 4% interest only mortgage)£375.00
Service Charge Per Year£0.00
Ground Rent£0.00
Total Costs (per month)£459.00
Total Income£700.00
Total Costs£459.00
Net Return On Capital Employed6.87%

Image Gallery - Salford, M6

Reception room
Dining 1
Dining room
Bedroom 1
Bedroom 2
Floor plan.JPG
Portfolio8 - Property Investment