3 Bed Semi-Detached House, Refurb/BRRR, Manchester, M40 1AQ, £169,950

43 Gaskell Street, Manchester, Greater Manchester, M40 1AQ - 56 views - 2 years ago

Leasehold
Refurb/BRRR
ROI: 14%
~74 m²
+3 photos

ValuationOvervalued

Sold Prices£90K - £340K
Sold Prices/m²£1.1K/m² - £4K/m²

 

 

Square Metres

~73.90 m²
Price/m²£2.3K/m²

Value Estimate

£135,596

 

 

End Value (After Refurb)

£157,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,488

Stamp Duty & Legal Fees

£6,299

Refurb Costs

£31,248

Bridging Loan Interest

£4,461

Total Cash In

£86,245

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£157,500

Mortgage (After Refinance)

£118,125

Mortgage LTV

75%

Cash Left In

£86,245

Equity

£39,375

Rent Range

£900 - £3,534

Rent Estimate

£1,936

Running Costs/mo

£900

Cashflow/mo

£1,036

Cashflow/yr

£12,432

ROI

14%

Gross Yield

14%

Local Sold Prices

50 sold prices from £90K to £340K, average is £167.5K. £1.1K/m² to £4K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£111.5K12/200.04 mi146, Gaskell Street, Manchester, Greater Manchester M40 1BF3
£131K11/200.06 mi86, Gaskell Street, Manchester, Greater Manchester M40 1NS3
£190K09/210.11 mi25, Crammond Close, Manchester, Greater Manchester M40 1PL3
£118K04/210.13 mi6, Leng Road, Manchester, Greater Manchester M40 1WX3
£155K05/230.13 mi16, Leng Road, Manchester, Greater Manchester M40 1WX3
£150K12/230.13 mi62, Leng Road, Manchester, Greater Manchester M40 1WX3
£110K08/210.13 mi25, Rossington Street, Manchester, Greater Manchester M40 1PG3
£138K12/200.14 mi1414, Oldham Road, Manchester, Greater Manchester M40 1EZ3
£145K12/200.17 mi19, Wallis Street, Manchester, Greater Manchester M40 1NU3
£175K03/230.17 mi40, Rossington Street, Manchester, Greater Manchester M40 1PQ3
£195K03/210.18 mi131, Droylsden Road, Manchester, Greater Manchester M40 1NT3
£165K07/230.18 mi75, Averill Street, Manchester, Greater Manchester M40 1PH3
£200K03/210.2 mi114, Droylsden Road, Manchester, Greater Manchester M40 1WT3
£124K11/200.21 mi28, Albert Gardens, Manchester, Greater Manchester M40 1PJ3
£179K02/230.21 mi34, Poplar Street, Failsworth, Manchester, Greater Manchester M35 0HY3
£143K11/220.21 mi38, Poplar Street, Failsworth, Manchester, Greater Manchester M35 0HY3
£185K01/230.21 mi48, Poplar Street, Failsworth, Manchester, Greater Manchester M35 0HY3
£139.9K04/210.21 mi32, Poplar Street, Failsworth, Manchester, Greater Manchester M35 0HY3
£120K12/200.21 mi17, Albert Gardens, Manchester, Greater Manchester M40 1PJ3
£180K05/230.22 mi134, Droylsden Road, Manchester, Greater Manchester M40 1NZ3
£141.2K11/200.22 mi55, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0LA3
£115K08/210.26 mi25, Jackson Street, Failsworth, Manchester, Greater Manchester M35 0HX3
£174K12/220.26 mi25, Jackson Street, Failsworth, Manchester, Greater Manchester M35 0HX3
£115K04/210.28 mi4, Scotland Street, Manchester, Greater Manchester M40 1LJ3
£170K09/210.29 mi15, Oakley Close, Manchester, Greater Manchester M40 1JT3
£170K06/230.31 mi11, Innis Avenue, Manchester, Greater Manchester M40 1JR3
£210K06/230.32 mi59, Brooks Drive, Failsworth, Manchester, Greater Manchester M35 0LZ3
£174K12/220.33 mi66, Culcheth Lane, Manchester, Greater Manchester M40 1LU3
£132K10/200.33 mi43, Terence Street, Manchester, Greater Manchester M40 1QD3
£220K03/230.34 mi109, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0JZ3
£138K02/210.34 mi86, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0JZ3
£150K12/200.34 mi52, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0JZ3
£190K12/200.4 mi22, Sparth Road, Manchester, Greater Manchester M40 1QH3
£340K01/230.4 mi20, Sparth Road, Manchester, Greater Manchester M40 1QH3
£133.2K05/210.41 mi77, Farm Street, Failsworth, Manchester, Greater Manchester M35 0JT3
£174.9K11/210.42 mi52, Propps Hall Drive, Failsworth, Manchester, Greater Manchester M35 0LW3
£155K03/210.43 mi100, Briscoe Lane, Manchester, Greater Manchester M40 2TH3
£218K08/230.44 mi5, Brooks Drive, Failsworth, Manchester, Greater Manchester M35 0LS3
£185K12/220.44 mi17, Brooks Drive, Failsworth, Manchester, Greater Manchester M35 0LS3
£170K09/200.45 mi15, Bradshaw Avenue, Failsworth, Manchester, Greater Manchester M35 0JY3
£210K12/200.45 mi1, Brookdale Avenue, Manchester, Greater Manchester M40 1GH3
£175K11/220.45 mi278, The Fairway, Manchester, Greater Manchester M40 3NH3
£90K12/200.45 mi58, Marlborough Drive, Failsworth, Manchester, Greater Manchester M35 0LE3
£220K05/230.45 mi10, Marlborough Drive, Failsworth, Manchester, Greater Manchester M35 0LE3
£165K07/230.46 mi35, Hulton Street, Failsworth, Manchester, Greater Manchester M35 0AZ3
£180K06/210.47 mi10, Graver Lane, Manchester, Greater Manchester M40 1QL3
£176K02/230.47 mi14, Marguerita Road, Manchester, Greater Manchester M40 1QJ3
£170K07/230.48 mi16, Carnoustie Close, Manchester, Greater Manchester M40 3NF3
£133K05/210.49 mi25, Brown Street, Failsworth, Manchester, Greater Manchester M35 0AX3
£149.9K06/230.49 mi34, Brown Street, Failsworth, Manchester, Greater Manchester M35 0AX3

Local Rents

52 rents from £900/mo to £3.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,20007/240.14 miLoring Street, M403
£1,45004/240.17 mi-3
£1,45005/240.17 miAlbert Street West, Failsworth, Manchester, M353
£1,45008/240.17 mi-3
£1,45007/240.17 miAlbert Street West, Failsworth, Manchester, M353
£90005/240.19 mi-3
£90005/240.19 miDroylsden Road, Manchester, M403
£1,10006/240.2 miVictoria Street, Failsworth, Manchester3
£1,20003/250.22 mi-3
£1,30001/250.22 mi-3
£1,20003/250.24 mi-3
£1,47507/240.26 mi-3
£1,47506/240.26 miGreaves Avenue, Manchester, M353
£1,05009/240.27 miGrange Street, Failsworth, Oldham, M353
£1,25005/240.3 mi-3
£1,25003/250.3 mi-3
£94907/240.31 mi-3
£2,80009/240.32 mi-3
£3,53405/240.34 mi-3
£3,53402/240.34 mi-3
£3,46002/240.34 mi-3
£3,53405/240.34 mi-3
£3,53406/240.34 mi-3
£3,46006/240.34 mi-3
£3,53408/240.34 mi-3
£3,53408/240.34 mi-3
£3,46005/240.34 mi-3
£3,53409/240.34 mi-3
£3,46008/240.34 mi-3
£3,46009/240.34 mi-3
£3,53410/240.34 mi-3
£3,46011/240.34 mi-3
£3,53401/250.34 mi-3
£3,53401/250.34 mi-3
£3,53401/250.34 mi-3
£1,35007/240.35 miFrank Birchall Close, Manchester3
£1,30005/240.35 mi-3
£99511/240.35 mi-3
£1,15009/240.36 mi-3
£1,15008/240.36 miBriscoe Lane, Manchester, M403
£1,15009/240.36 mi-3
£1,15008/240.36 miBriscoe Lane, Manchester, M403
£1,30002/240.37 mi-3
£1,15012/240.37 mi-3
£1,49512/240.37 mi-3
£1,45007/240.37 miTrinity Drive, Failsworth, Manchester, Greater Manchester, M353
£1,44005/240.38 mi-3
£1,00008/240.39 mi-3
£1,15006/240.39 miColclough Close, Manchester3
£1,20008/240.39 mi-3
£99505/240.41 miDean Lane, Manchester3
£1,55010/240.43 mi-3

Local Area Statistics

Population in M40

40,888

Population in Manchester

920,095

Town centre distance

4.51 miles away

Nearest school

0.10 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Seller's market

Capital growth (5yrs)

+73%

Property History

Listed for £169,950

February 1, 2023

Sold for £41,600

1995

Floor Plans

Description

  • Chain Free +
  • Modern Style +
  • Popular Cul De Sac Location +
  • Needs Cosmetic Modernisation +
  • Realistically Priced +
  • Good Sized Plot +
  • Spacious Interior +
  • Ideal for FTBS, Family or Investor +

CHAIN FREEMODERN STYLENEEDS COSMETIC MODERNISATIONPOPULAR CUL DE SAC LOCATIONIDEAL FOR FIRST TIME BUYERS, FAMILY OR INVESTOR We offer for sale this modern style 3 bedroom semi detached property, situated in a popular cul de sac location, ideal for the first time buyer, family or investor. The property is hardwood double glazed & combi gas centrally heated and briefly comprises: Entrance hallway, lounge, small dining room, fitted kitchen, 3 bedrooms and a 3 piece bathroom. Externally the property has the benefit of a garden to the front, a driveway to the side and a good sized garden to the rear.

Entrance Hallway - Stairs off. Radiator.

Lounge - 4.42m x 3.78m (14'6 x 12'5) - Radiator. Under stairs storage. Double doors through to dining room.

Dining Room - 2.97m x 2.13m (9'9 x 7'0) - Radiator. Patio doors to rear. Arch through to kitchen.

Kitchen - 2.64m x 2.49m (8'8 x 8'2) - Fitted wall & base units incorporating oven, hob & extractor. Stainless steel sink & drainer. Part ceramic wall tiled. Plumbed for washer. Combi gas central heating boiler.

First Floor Landing - Spindled balustrade. Radiator. Loft access.

Bedroom 1 - 4.22m x 2.72m (13'10 x 8'11) - Front aspect. Radiator.

Bedroom 2 - 2.92m x 2.74m (9'7 x 9'0) - Rear aspect. Radiator.

Bedroom 3 - 2.01m x 1.93m (6'7 x 6'4) - Front aspect. Radiator. Storage cupboard.

Bathroom - 3 piece suite with shower to bath. Part ceramic wall tiled. Radiator.

External - Garden to the front, a driveway to the side and a good sized garden to the rear.

Tenure & Council Tax - We have been advised that this property is Leasehold on a 999 year lease with a fixed ground rent of approx. £75 per annum. The council tax is in Band B with Manchester Council.

Agent Details

N P Estates, Manchester

0161 524 9701

Next Steps?

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