Woden Street, Salford, M5 4YD
£169,000
Financial snapshot
Your initial investment
-
Estimated deposit
-
Purchase fees
-
Don't have enough deposit?
Explore how to invest together
Your total return by 2036
-
Annual return
-
Rental growth p.a.
-
Cap growth p.a.
-
Rental income p.c.m.
-
Gross yield
-
Indicative returns are based on historic data - please note past performance is not necessarily indicative of future results and actual returns may differ materially from the returns indicated here
Need a mortgage to finance this property?
GetGround can help!
Mortgages based on the following:
I have a £0 deposit and live in GB
We couldn't find mortgages based on your criteria
Edit details or click below for a more advanced mortgage search.
Area highlights
Property snapshot
Apartment
485 sq ft
1 Bedroom
1 Bathroom
Tenanted
Tenure - Leasehold
Lease-length
996 years
Ground rent
£395
Service charge
£1,886.00 per year
Overview
This one-bedroom apartment on Woden Street, Salford, offers a solid buy-to-let opportunity with an asking price of £169,000, reflecting a 5.6% discount from its estimated value of £179,000. The property is currently tenanted, generating an annual rental income of £12,600, providing a gross yield of 8.5%. With a 996-year lease, the apartment includes a ground rent of £395 per year and a service charge of £1,886. The property is well-located, with excellent transport links, just 0.62 miles from Deansgate and 0.81 miles from Salford Central station. The market rent is £1,200 per month, offering a net cash flow of £671 per month, or £8,052 annually, making this a strong investment in a high-demand area.
What our customers say about us
Matt
Buy-to-let investor
“It has been great dealing with Get Ground. Having worked with them for a number of years now, they have provided a great service to our clients and I wouldn't hesitate to recommend them.”
Ricky
Buy-to-let investor
“Set up two companies so far to manage two properties via get ground. Very smooth process and have also had the first years accounts done too. Very simple process so far. Great for managing my small property portfolio.”
Michelle
Buy-to-let investor
“I've had a very streamlined and well supported experience starting a corporation through GetGround. I've been treated exceedingly well and couldn't be more pleased with how it has all come together. I would definitely recommend.”
Meet the team