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Park Lane Court, Salford

North West

£150,000
Listed on 08/05/2026

Property Details

Bedrooms
2
Type
Flat
Area
872 sqft

Description

This first-floor apartment, set within a well-maintained development, presents an excellent opportunity for investors or DIY enthusiasts looking for a project. The space boasts generous dimensions and could greatly benefit from modernization, allowing you to tailor it to contemporary tastes. Key features include a communal entrance with secure intercom access, two spacious bedrooms with built-in storage, and a sizable living room that opens up to a Juliet balcony. The kitchen offers foundational fixtures but would require updates to enhance functionality. Additionally, the property includes a garage, providing extra convenience for parking or storage. The location is advantageous, with easy access to transport links and local amenities. Given the cash buyer requirement due to lease length considerations, this apartment represents potential value for those willing to invest in renovation.

Investment Analysis

(M7 area)

Below Market Value

This property is priced -35.0% below area average per sq ft

-35.0%
Potential saving
This Property
£172/sq ft
Area Average
£265/sq ft
Avg Rent (weekly)
£280
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£253,756
10% above area average per sq ft
Potential ROI
+45.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (M7)

Area prices are falling by -2.7% over the last 12 months
3 year growth: 0.0%
5 year growth: +25.5%
Investment Disclaimer: Analysis based on M7 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

Park Lane Court, Salford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£535
Based on a loan of £112,500 over 30 years at 3.97% 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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