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

Description

Apartment 3D, Quay 5, 238 Ordsall Lane, Salford, Greater Manchester, M5. Edward Mellor 9–10 September 2026 online auction. Published guide £95,000. Current catalogue status: Available.

Location

Located in the M5 postcode area. Coordinates are populated for mapping from the postcode area where the catalogue does not expose a property-level geocode.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Buy-to-Let. Verify legal pack, condition, finance, rents and local comparable evidence before setting a maximum bid.

Works Required

Obtain a survey and contractor quotations. Allow for services testing, compliance, decoration and property-specific kitchen, bathroom, roof, damp, structural, common-parts or external works.

Rental & Market Context

HB rental figures are appraisal estimates rather than auctioneer-stated rents unless specifically confirmed on the source listing. Verify with current local letting evidence.

Sold within approximately 5 miles

Check Land Registry and closely matched local sold evidence before bidding; no unverified comparable addresses or prices have been inserted.

Potential BRRR Position

Illustrative 75% refinance on the HB value range is approximately £89,062–£110,438.

Flip Analysis

Indicative gross spread before transaction/finance costs is approximately £8,750–£47,250. This is not profit and excludes SDLT, fees, finance, holding costs, contingency, selling costs and tax.

Investor Risks & Due Diligence

Review the legal pack, title, tenure, occupancy, special conditions, buyer fees, survey, services, EPC, planning/building regulations, finance, insurance and local rental/sold evidence.

Recommendation

Proceed only where verified total project cost supports the intended buy-to-let strategy with adequate contingency and margin.

Strategy Rating

Buy-to-Let: ★★★★☆ | BRRR: ★★★★☆ | Flip: ★★★☆☆