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Wellington Street East, Salford - Image 1
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Wellington Street East, Salford

North West

£350,000
Listed on 17/08/2024

Property Details

Bedrooms
3
Type
Terraced house
Area
1528 sqft

Description

This mid-terraced three-bedroom house presents a significant opportunity for renovation and investment. While the property requires modernization throughout, its spacious layout and solid structure provide a strong foundation for potential upgrades that could enhance both comfort and value. The entrance leads into a hallway with convenient access to all main rooms, including a guest WC. The dual connecting reception rooms present versatile living options, with a lounge featuring large windows that invite natural light, creating an inviting atmosphere. The adjoining dining room offers ample space for gatherings, making it suitable for family life or entertaining guests. The kitchen is functional yet ready for a contemporary redesign, complete with wall and base units as well as dual sink units. A door connects to the utility room, which has the potential to be transformed into additional storage or even an expanded kitchen area. This layout encourages creativity for those looking to reimagine the living space. The property includes three well-proportioned bedrooms that can accommodate various needs—whether it's family members or guests. The bathroom retains classic features but also awaits modern touches to create a more updated retreat. Outside, the rear yard provides a modest outdoor space suitable for landscaping or relaxation, while the front garden adds curb appeal with its enclosed design. Located on Wellington Street East, this home enjoys proximity to local amenities such as shops, schools, and places of worship. Its location enhances the property's appeal to families or individuals seeking community conveniences. Additionally, as urban centers evolve, this area holds promise for future growth in property values. With gas central heating and varying window styles—including some double glazing—the house is structurally sound and offers immediate livability while presenting myriad possibilities for improvement. This property not only serves as a comfortable residence but also represents an exciting investment opportunity within a vibrant neighborhood.

Investment Analysis

(M7 area)

Below Market Value

This property is priced -11.2% below area average per sq ft

-11.2%
Potential saving
This Property
£229/sq ft
Area Average
£258/sq ft
Avg Rent (weekly)
£270
Avg Yield
5.2%

Renovation Potential

Est. Renovation Cost
£35,000 - £87,500
10-25% of property value
Target Value
£433,730
10% above area average per sq ft
Potential ROI
-0.9%
After renovation
Monthly Sales
11
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (M7)

Area prices are rising by +9.1% over the last 12 months
3 year growth: 10.6%
5 year growth: 45.4%
Investment Disclaimer: Analysis based on M7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Wellington Street East, Salford
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