Woden Street, Salford, M5 4YD
£169,000
Financial snapshot
Your initial investment
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Estimated deposit
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Purchase fees
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Your total return by 2035
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Annual return
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Rental growth p.a.
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Cap growth p.a.
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Rental income p.c.m.
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Gross yield
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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
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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.”
Graham
Buy-to-let investor
“The Getground service really makes the process of setting up and running a SPV company, and associated banking, a seamless easy process all for a low monthly fee. Support has always been on hand when needed with help for accounting submission etc. Highly recommend!”
Raghda
Buy-to-let investor
“GetGround manages my property from A to Z. The process from the beginning until today is running smoothly. They provided consultation, step by step setup guide, and also the response rate was very high when I contacted their customer care department.”
Meet the team