3 Bed Bungalow, Refurb/BRRR, Manchester, M29 7AR, £280,000

Ennerdale Road, Tyldesley, M29 7AR - 1 views - a year ago

Sold STC
Refurb/BRRR
~93 m²
+34 photos

ValuationOvervalued

Sold Prices£153K - £330K
Sold Prices/m²£1.5K/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£229,251

 

 

End Value (After Refurb)

£268,459

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£39,200

Bridging Loan Interest

£7,350

Total Cash In

£135,000

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£268,459

Mortgage (After Refinance)

£201,344

Mortgage LTV

75%

Cash Left In

£135,000

Equity

£67,115

Rent Range

£875 - £1,450

Rent Estimate

£1,121

Running Costs/mo

£1,083

Cashflow/mo

£38

Cashflow/yr

£454

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £153K to £330K, average is £205K. £1.5K/m² to £3.4K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£227.5K04/230 mi17, Ennerdale Road, Astley, Manchester, Greater Manchester M29 7AR3
£240K06/210 mi59, Ennerdale Road, Astley, Manchester, Greater Manchester M29 7AR3
£190K06/210 mi41, Ennerdale Road, Astley, Manchester, Greater Manchester M29 7AR3
£177K01/210.05 mi14, Rydal Close, Astley, Manchester, Greater Manchester M29 7EQ3
£330K01/230.06 mi15, Kentmere Drive, Astley, Manchester, Greater Manchester M29 7QH3
£220K12/200.07 mi1, Purbeck Way, Astley, Manchester, Greater Manchester M29 7EP3
£164.5K11/200.1 mi2, Pendeen Close, Astley, Manchester, Greater Manchester M29 7FW3
£220K05/210.11 mi29, Esthwaite Drive, Astley, Manchester, Greater Manchester M29 7NA3
£177.5K02/210.11 mi13, Esthwaite Drive, Astley, Manchester, Greater Manchester M29 7NA3
£280K07/210.12 mi18, Footman Close, Astley, Manchester, Greater Manchester M29 7SR3
£258K08/230.12 mi21, Footman Close, Astley, Manchester, Greater Manchester M29 7SR3
£253K02/210.12 mi27, Footman Close, Astley, Manchester, Greater Manchester M29 7SR3
£189K10/220.14 mi40, Ullswater Road, Astley, Manchester, Greater Manchester M29 7AQ3
£253K06/210.14 mi86, Ullswater Road, Astley, Manchester, Greater Manchester M29 7AQ3
£165K05/210.14 mi5, Ullswater Road, Astley, Manchester, Greater Manchester M29 7AQ3
£169K06/210.14 mi8, Thirlmere Avenue, Astley, Manchester, Greater Manchester M29 7AU3
£180K10/200.15 mi30, Woodlands Road, Astley, Manchester, Greater Manchester M29 7BH3
£245K03/210.15 mi5, Burnet Close, Astley, Manchester, Greater Manchester M29 7SL3
£184K02/210.16 mi11, Troutbeck Drive, Astley, Manchester, Greater Manchester M29 7GZ3
£197K04/210.16 mi20, Troutbeck Drive, Astley, Manchester, Greater Manchester M29 7GZ3
£247.5K05/230.16 mi13, Troutbeck Drive, Astley, Manchester, Greater Manchester M29 7GZ3
£270K10/220.16 mi10, Troutbeck Drive, Astley, Manchester, Greater Manchester M29 7GZ3
£200K10/220.16 mi4, Ullswater Road, Astley, Manchester, Greater Manchester M29 7AQ3
£210K08/210.17 mi14, Sunnybank Road, Astley, Manchester, Greater Manchester M29 7BJ3
£198K11/200.2 mi12, Greenland Close, Astley, Manchester, Greater Manchester M29 7GG3
£185K04/210.2 mi12, Wainscot Close, Astley, Manchester, Greater Manchester M29 7WT3
£295K10/220.2 mi35, Chalfont Drive, Astley, Manchester, Greater Manchester M29 7PU3
£278K10/220.22 mi10, Parkfield Close, Astley, Manchester, Greater Manchester M29 7GH3
£192K04/210.23 mi16, Norwood Avenue, Astley, Manchester, Greater Manchester M29 7AP3
£195K06/210.23 mi34, Glastonbury Road, Astley, Manchester, Greater Manchester M29 7WR3
£186K05/210.23 mi32, Glastonbury Road, Astley, Manchester, Greater Manchester M29 7WR3
£219K04/230.23 mi32, Glastonbury Road, Astley, Manchester, Greater Manchester M29 7WR3
£175K03/210.23 mi13, Parkfield Close, Astley, Manchester, Greater Manchester M29 7GH3
£240K11/220.23 mi22, Glastonbury Road, Astley, Manchester, Greater Manchester M29 7WR3
£196K11/210.25 mi29, Parkfield Avenue, Astley, Manchester, Greater Manchester M29 7BE3
£193K11/200.25 mi16, Parkfield Avenue, Astley, Manchester, Greater Manchester M29 7BE3
£180K01/210.25 mi105, Stour Road, Astley, Manchester, Greater Manchester M29 7PX3
£220K06/210.25 mi160, Stour Road, Astley, Manchester, Greater Manchester M29 7PX3
£220K04/230.25 mi134, Stour Road, Astley, Manchester, Greater Manchester M29 7PX3
£172K05/210.25 mi152, Abbey Road, Astley, Manchester, Greater Manchester M29 7WA3
£230K12/220.26 mi154, Stour Road, Astley, Manchester, Greater Manchester M29 7PX3
£215K03/210.26 mi26, Shearwater Avenue, Astley, Manchester, Greater Manchester M29 7TB3
£165K08/230.26 mi131, Astley Street, Astley, Manchester, Greater Manchester M29 7AZ3
£214K09/210.27 mi94, Stour Road, Astley, Manchester, Greater Manchester M29 7WS3
£185K10/210.27 mi102, Stour Road, Astley, Manchester, Greater Manchester M29 7WS3
£230.5K12/220.27 mi90, Stour Road, Astley, Manchester, Greater Manchester M29 7WS3
£228K09/230.27 mi122, Stour Road, Astley, Manchester, Greater Manchester M29 7WS3
£165K12/200.28 mi1, Salisbury Way, Astley, Manchester, Greater Manchester M29 7WD3
£210K08/230.28 mi107, Abbey Road, Astley, Manchester, Greater Manchester M29 7WN3
£153K02/210.29 mi32, Beechwood Crescent, Astley, Manchester, Greater Manchester M29 7AH3

Local Rents

29 rents from £875/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,35012/240 miEnnerdale Road, Tyldesley M293
£95002/250.16 mi-3
£87512/240.2 miAstley Street, Tyldesley, M293
£1,20005/240.2 miSunnybank Road, Tyldesley, M293
£95012/240.22 miGlastonbury Road, Tyldesley, M293
£95012/240.23 miStour Road, Astley, Tyldesley, M293
£1,20002/250.28 mi-3
£97512/240.3 miCranworth Avenue, Tyldesley, M293
£1,19512/240.34 miDovey Close, Tyldesley3
£1,05005/240.34 mi-3
£1,15004/250.34 mi-3
£1,24502/250.36 mi-3
£1,40004/250.37 mi-3
£1,35012/240.4 miThorncroft Avenue, Tyldesley, M293
£1,05005/240.4 miTintern Avenue, M293
£1,45012/240.4 miAbbeycroft Close, Tyldesley3
£99505/240.46 miNorth Lane, Tyldesley, M293
£1,19512/240.47 miUnsworth Avenue, Tyldesley, M293
£1,20005/240.47 miUnsworth Avenue, Tyldesley, M293
£99512/240.48 miAlexander Street, Tyldesley, Manchester3
£87505/240.48 miWell Street, Tyldesley, M293
£92512/240.48 miWell Street, Tyldesley, M293
£1,25012/240.54 mi-3
£1,00012/240.59 mi-3
£1,00011/240.59 mi-3
£95003/250.59 mi-3
£1,40012/240.6 miElliott Street, Tyldesley, M293
£1,40012/240.6 miElliott Street, Tyldesley, M293
£1,25012/240.61 miBrook Drive, Manchester, M293

Local Area Statistics

Population in M29

22,788

Population in Manchester

920,095

Town centre distance

9.33 miles away

Nearest school

0.20 miles away

Nearest train station

1.68 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Price changed to £280,000

January 19, 2025

Price changed to £292,500

November 15, 2024

Listed for £300,000

March 27, 2024

Floor Plans

Description

  • THREE BEDROOMED, DETACHED, TRUE BUNGALOW +
  • WELCOMING ENTRANCE HALLWAY +
  • LOUNGE, DINING ROOM & CONSERVATORY +
  • SPACIOUS FITTED KITCHEN/BREAKFAST ROOM +
  • FAMILY SHOWER ROOM & ADDITIONAL GUEST W.C +
  • GARDENS FRONT, SIDE AND REAR +
  • DEEP DRIVEWAY LEADING TO THE GARAGE +
  • FANTASTIC CORNER PLOT POSITION +
  • PRIME RESIDENTIAL AREA +
  • NO ONWARD CHAIN / FREEHOLD +

SMOOTHMOVE PROPERTY are delighted to bring to the sales market this rare opportunity to purchase this DECEPTIVELY spacious, DETACHED TRUE BUNGALOW situated in a HIGHLY regarded RESIDENTIAL AREA.
A THREE BEDROOM detached bungalow nestled on a LARGE CORNER PLOT in a sought-after location. Boasting a spacious layout, this home features THREE RECEPTION rooms, Spacious KITCHEN/BREAKFAST and LARGE BATHROOM providing versatile living spaces for families or working professionals. Close to local amenities, an added bonus is the GARAGE and large DRIVEWAY, ensuring ample parking for residents and guests alike. Although the property requires some modernisation, this is an opportunity to acquire a larger than average property in a desirable location with a FREEHOLD TENURE.

Step outside to discover the BEAUTIFULLY MAINTAINED GARDENS that envelop the property to its front, side, and rear aspects. With plenty of room for outdoor entertaining and relaxation, the gardens provide a picturesque backdrop to this TRUE BUNGALOW. Offered with NO ONWARD CHAIN.

Could this be your ‘WILD CARD’? Are you looking for a FOUR BEDROOM detached but are unable to find one in the perfect CATCHMENT area or a fantastic LOCATION? Subject to planning this EXCEPTIONALLY sized bungalow could potentially be extended to make the perfect family home.

EPC Rating: D

Agent Details

Smoothmove Property, Tyldesley

01942 368443

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪