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Laurel Grove, SALFORD, Lancashire, M5

North West

£240,000

Listed on 16/09/2025

Property Details

Bedrooms
2
Type
End Of Terrace
Area
1430 sqft

Description

This generously sized end terrace property presents a noteworthy opportunity for those looking to invest in a home with significant remodel potential. Located at the core of Salford, it is well-positioned for families and professionals alike who need quick access to Manchester's bustling city life, thanks to its excellent transport links and nearby amenities. The layout currently includes spacious living areas and a sizeable family bathroom, along with a rear yard that can serve as an inviting outdoor space or additional storage. Furthermore, the presence of a cellar offers promising possibilities for development—whether transforming it into a third bedroom or creating more versatile living areas. This property’s location is advantageous, being close to schools, shops, parks, and commuting routes. With ample room for customization and improvement, this home is not just a residence but an excellent canvas for personal expression and investment growth.

Investment Analysis

(M5 area)

Below Market Value

This property is priced -48.3% below area average per sq ft

-48.3%
Potential saving
This Property
£168/sq ft
Area Average
£325/sq ft
Avg Rent (weekly)
£282
Avg Yield
6.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£510,832
10% above area average per sq ft
Potential ROI
+82.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
2%
Properties sold annually

Local Market Trend (M5)

Area prices are falling by -14.6% over the last 12 months
3 year growth: -5.0%
5 year growth: -14.4%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£907
Based on a loan of £180,000 over 30 years at 4.45% 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.

Stamp Duty Calculator

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