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Laurel Grove, SALFORD, Lancashire, M5

North West

£240,000
Listed on 15/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
1430 sqft

Description

This spacious two-bedroom end-terrace home in Salford presents an excellent opportunity for renovation and investment. The property boasts the potential to convert into a three-bedroom layout, making it ideal for families or professionals seeking proximity to Manchester's vibrant city life. With good transport links and local amenities just a stone's throw away, convenience is at your doorstep. The interior offers generous living areas, complemented by a sizable family bathroom. A rear yard provides outdoor space perfect for seating or additional storage solutions. Notably, the cellar presents further development opportunities; it could be transformed into functional living space or serve as valuable storage. Located in a desirable area of Salford, this property is close to schools, shops, parks, and commuter routes — enhancing its appeal to a wide range of buyers. With its roomy layout and scope to personalize, this home is positioned as an attractive project for those looking to create their ideal living environment while increasing property value.

Investment Analysis

(M5 area)

Below Market Value

This property is priced -49.1% below area average per sq ft

-49.1%
Potential saving
This Property
£168/sq ft
Area Average
£330/sq ft
Avg Rent (weekly)
£286
Avg Yield
6.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£518,854
10% above area average per sq ft
Potential ROI
+85.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
3%
Properties sold annually

Local Market Trend (M5)

Area prices are falling by -13.7% over the last 12 months
3 year growth: -2.6%
5 year growth: -15.0%
Investment Disclaimer: Analysis based on M5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Laurel Grove, SALFORD, Lancashire, M5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£866
Based on a loan of £180,000 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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