Apartment 4, Steele House, Woden Street, SALFORD, Lancashire, M5 4UU

Description

Leasehold ground floor flat Location: The property is located on Woden Street. Shopping amenities are available locally within Salford City Centre lying to the north and Manchester City Centre located to the east. Public transport links can be found at Manchester Oxford Road train station located to the east along with a network of local bus and tram services serving the surrounding areas. The property is served by road links including the A5063 lying to the west and the A5066 located to the south. Recreational pursuits are available at Ordsall Park lying to the north. Accommodation: Principle bedroom with en-suite, one further bedroom, reception room open plan to kitchen, bathroom/wc EPC Rating: C Council Tax Band: B Lease: Held in a lease for a term of 125 years from 01/01/2004 at a ground rent of £TBC per annum. To view: 28/8, 5/9 at 10am No booking required – Please arrive at the time stated

Location

The property is located on Woden Street. Shopping amenities are available locally within Salford City Centre lying to the north and Manchester City Centre located to the east. Public transport links can be found at Manchester Oxford Road train station located to the east along with a network of local bus and tram services serving the surrounding areas. The property is served by road links including the A5063 lying to the west and the A5066 located to the south. Recreational pursuits are available at Ordsall Park lying to the north. Accommodation: Principle bedroom with en-suite, one further bedroom, reception room open plan to kitchen, bathroom/wc

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£10,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Confirm lease length, ground rent, service charge and major works

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆