Apartment 3D, Quay 5, 238 Ordsall Lane, Salford Greater Manchester, M5 3NE

Description

TO BE SOLD BY AUCTION ON 30TH SEPTEMBER - 1ST OCTOBER 2026 UNLESS SOLD PRIOR UNDER AUCTION TERMS.

Apartment 3D, Quay 5, 238 Ordsall Lane, Salford, M5 3NE.

Ground floor apartment with hall, lounge, kitchen, bedroom and bathroom. Communal grounds and allocated parking. Electric heating and double glazing. To be sold subject to an APT from 19/06/26 at £950 per month. Quay 5 enjoys a prime location just off Ordsall Lane, providing easy access to both Salford Quays and Manchester city centre. EWS1 available.

** VIRTUAL TOUR AVAILABLE **

Tenure / Property Information

Annual Ground Rent: £150.00; Council Tax Band: A; Tenure: Leasehold; Annual Service Charge: £1,448.00; Years Remaining on the Lease: 978

Investment Analysis

HB analysis uses the supplied Edward Mellor scrape as the primary property source. Auctioneer facts are separated from HB desktop estimates; all figures should be verified before bidding.

Investment Snapshot

Market Comparables

No priced sold comparable was captured in the supplied scrape. Base GDV £105,000 is an HB desktop estimate because no priced sold comparable was captured in the supplied scrape; independent sold-evidence research is required before bidding.

Proposed Works

HB desktop works allowance: £5,000. Allow for inspection-led repairs, decoration, safety/compliance items and contingency.

Rental Value

The supplied scrape did not provide a reliable local rental benchmark. Obtain current letting-agent evidence before relying on a BTL yield.

Low / Base / High Investment Scenario

BTL Analysis

A defensible BTL yield cannot be calculated from the supplied scrape because a monthly rent was not established.

BRRR Analysis

Using a 75% refinance against the HB base GDV gives indicative refinance proceeds of £78,750. Against purchase plus works of £93,000, indicative cash left in is £14,250. Finance, tax, legal fees and lender valuation haircuts are excluded.

Flip Analysis

At the HB base GDV, after purchase plus works and an indicative 2% selling allowance, the pre-finance/pre-tax flip surplus is approximately £9,900. This is a screening figure, not a formal valuation.

Maximum Bid Indicator

HB Desktop Screening Ceiling: approximately £82,150. This is a desktop screening ceiling only, not a formal valuation or instruction to bid; SDLT, finance, legal fees and property-specific abnormal costs must be added separately.

Strategy Recommendation

Most relevant strategy: Flip / Owner Occupier. The choice reflects the scraped condition/occupancy narrative, available rent evidence and the relationship between the starting bid, works allowance and HB base GDV.

Strategy Rating

BTL ★★☆☆☆; BRRR ★★☆☆☆; Flip ★★★☆☆

Key Risks

• lease terms, service charge and ground rent must be checked against the legal pack
• thin priced sold-comparable evidence in the supplied scrape
• rental value requires independent letting-agent verification

Analysis Confidence

Low-Medium. Confidence reflects the quality of the supplied listing information, embedded coordinates/images, and the amount of sold/rental evidence captured in the scrape.