3 Bed Semi-Detached House, Refurb/BRRR, Manchester, M19 1PL, £300,000

Kingsway, East Didsbury, M19 1PL - 12 views - a year ago

Sold STC
Refurb/BRRR
ROI: 3%
~90 m²
+12 photos

ValuationOvervalued

Sold Prices£183K - £525K
Sold Prices/m²£2K/m² - £5.6K/m²

 

 

Square Metres

~90.20 m²
Price/m²£3.3K/m²

Value Estimate

£292,931

 

 

End Value (After Refurb)

£293,150

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£38,020

Bridging Loan Interest

£7,875

Total Cash In

£137,345

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£293,150

Mortgage (After Refinance)

£219,863

Mortgage LTV

75%

Cash Left In

£137,345

Equity

£73,288

Rent Range

£1,200 - £2,100

Rent Estimate

£1,581

Running Costs/mo

£1,252

Cashflow/mo

£329

Cashflow/yr

£3,944

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £183K to £525K, average is £278.8K. £2K/m² to £5.6K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£298K11/230 mi406, Kingsway, Manchester, Greater Manchester M19 1PL3
£250K07/230.1 mi12, Hurstbank Avenue, Manchester, Greater Manchester M19 1PN3
£310K06/210.11 mi13, Withnell Road, Manchester, Greater Manchester M19 1GH3
£245K09/210.12 mi15, Leyland Avenue, Manchester, Greater Manchester M20 6EW3
£305K11/230.12 mi436, Kingsway, Manchester, Greater Manchester M19 1JS3
£208K03/230.12 mi348, Kingsway, Manchester, Greater Manchester M19 1PW3
£260K06/230.12 mi346, Kingsway, Manchester, Greater Manchester M19 1PW3
£275K02/230.12 mi20, Westcroft Road, Manchester, Greater Manchester M19 1PU3
£321K01/230.12 mi27, Norwood Avenue, Manchester, Greater Manchester M20 6EX3
£220K10/200.13 mi7, Norwood Avenue, Manchester, Greater Manchester M20 6EX3
£277.5K03/210.13 mi21, Norwood Avenue, Manchester, Greater Manchester M20 6EX3
£268K03/230.13 mi17, Fernbray Avenue, Manchester, Greater Manchester M19 1PQ3
£285K09/230.14 mi3, Lancing Avenue, Manchester, Greater Manchester M20 6ET3
£225K10/230.15 mi52, Uppermill Drive, Manchester, Greater Manchester M19 1RU3
£270K02/210.16 mi37, Lavister Avenue, Manchester, Greater Manchester M19 1RT3
£235K09/230.17 mi9, Melbury Avenue, Manchester, Greater Manchester M20 6FH3
£233K02/230.19 mi5, Brayside Road, Manchester, Greater Manchester M19 1ST3
£252.5K01/210.19 mi15, Leafield Avenue, Manchester, Greater Manchester M20 6EJ3
£245K01/240.2 mi6, Clover Bank Avenue, Manchester, Greater Manchester M19 1PG3
£280K07/230.21 mi69, Lane End Road, Manchester, Greater Manchester M19 1NB3
£213K02/210.21 mi51, Lane End Road, Manchester, Greater Manchester M19 1NB3
£183K06/210.21 mi7, Leaburn Drive, Manchester, Greater Manchester M19 1SD3
£335K10/210.22 mi10, Colemore Avenue, Manchester, Greater Manchester M20 6JR3
£285K01/210.22 mi12, Colemore Avenue, Manchester, Greater Manchester M20 6JR3
£225K02/210.23 mi41, Homestead Crescent, Manchester, Greater Manchester M19 1GJ3
£335K10/230.23 mi65, Homestead Crescent, Manchester, Greater Manchester M19 1GJ3
£347.5K11/230.23 mi25, Homestead Crescent, Manchester, Greater Manchester M19 1GJ3
£370K08/230.23 mi323, Parrs Wood Road, Manchester, Greater Manchester M20 6GR3
£245K03/220.24 mi431, Kingsway, Manchester, Greater Manchester M19 1WG3
£310K12/220.24 mi427, Kingsway, Manchester, Greater Manchester M19 1WG3
£240K12/200.24 mi19, Chevington Drive, Stockport, Greater Manchester SK4 3RF3
£260K02/210.25 mi30, Brayside Road, Manchester, Greater Manchester M20 6ER3
£455K08/230.26 mi105, Catterick Road, Manchester, Greater Manchester M20 6HD3
£400K10/230.26 mi15, The Drive, Manchester, Greater Manchester M20 6HZ3
£193K10/200.26 mi32, Cranwell Drive, Manchester, Greater Manchester M19 1WD3
£302K03/230.26 mi40, Chevington Drive, Stockport, Greater Manchester SK4 3RG3
£334.5K12/200.27 mi35, Ingram Drive, Stockport, Greater Manchester SK4 3RH3
£400K01/230.27 mi709, Burnage Lane, Manchester, Greater Manchester M19 1RR3
£525K08/230.27 mi131, Fog Lane, Manchester, Greater Manchester M20 6ED3
£419K01/210.27 mi143, Fog Lane, Manchester, Greater Manchester M20 6ED3
£333K03/210.28 mi92, Homestead Crescent, Manchester, Greater Manchester M19 1GL3
£267K12/200.28 mi253, Parrs Wood Road, Manchester, Greater Manchester M20 6EE3
£227.5K10/210.28 mi7, Cranwell Drive, Manchester, Greater Manchester M19 1SA3
£245K10/230.29 mi9, Westcroft Road, Manchester, Greater Manchester M19 1SU3
£370K07/230.29 mi20, Berwick Avenue, Stockport, Greater Manchester SK4 3AA3
£255K01/210.29 mi5, Berwick Avenue, Stockport, Greater Manchester SK4 3AA3
£280K05/210.29 mi52, Berwick Avenue, Stockport, Greater Manchester SK4 3AA3
£345K06/210.29 mi23, Berwick Avenue, Stockport, Greater Manchester SK4 3AA3
£425K03/230.3 mi25, Austin Drive, Manchester, Greater Manchester M20 6EB3
£295K12/200.3 mi13, Hurstfold Avenue, Manchester, Greater Manchester M19 1RE3

Local Rents

38 rents from £1.2K/mo to £2.1K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,39505/240.06 miNorwood Avenue, Manchester3
£1,40002/250.08 mi-3
£1,95012/240.14 mi-3
£1,40005/240.15 miFernbray Avenue, Manchester, M193
£1,50005/240.16 mi-3
£1,50012/240.16 mi-3
£1,35005/240.17 miMelbury Avenue, Manchester, M203
£1,70005/240.23 miHomestead Crescent, Manchester, M19 3
£1,20002/250.23 mi-3
£2,10004/250.24 mi-3
£1,40004/250.27 mi-3
£1,60005/240.3 mi-3
£1,70005/240.3 miAustin Drive, Didsbury, Manchester3
£1,50012/240.31 mi-3
£1,30004/250.31 mi-3
£1,27506/240.33 miWestcroft Road, Manchester, Greater Manchester, M203
£1,50008/240.33 miBerwick Avenue, Heaton Mersey, Stockport3
£1,80012/240.35 mi-3
£1,30009/240.36 miBerwick Avenue, Heaton Mersey, Stockport, SK43
£1,40004/250.38 mi-3
£1,95005/240.43 miWilloughby Avenue, Didsbury, M20 6AS3
£1,35008/240.43 miKingsleigh Road, Heaton Mersey, Stockport, Greater Manchester, SK43
£1,69003/250.43 mi-3
£2,00009/240.45 miBluestone Drive, Stockport3
£1,80005/240.46 miAdria Road, Didsbury3
£1,95005/240.48 miSchool Lane, Didsbury, Manchester, M203
£1,30005/240.5 miSchool Lane, Didsbury, M203
£1,70012/240.51 mi-3
£1,60012/240.52 mi-3
£1,50005/240.52 miFog Lane, Didsbury, Manchester, M203
£1,45005/240.53 miPytha Fold 3
£1,45005/240.54 miWhitehall Road, Didsbury, M20 6RY3
£1,40009/240.54 miWhitehurst Road, Stockport, Cheshire, SK43
£1,65005/240.56 miCarrgreen Close, Manchester, M193
£1,45009/240.56 miCrossgate Mews, Heaton Mersey, Stockport3
£1,55005/240.57 miParrs Wood Avenue, East Didsbury, Manchester3
£1,20005/240.61 miHaldon Road, Withington, M203
£2,10005/240.62 miBrayton Avenue, Manchester, Greater Manchester, M203

Local Area Statistics

Population in M19

34,838

Population in Manchester

920,095

Town centre distance

2.87 miles away

Nearest school

0.40 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Price changed to £300,000

December 4, 2024

Listed for £325,000

May 16, 2024

Floor Plans

Description

  • PLEASE QUOTE OK0110 +
  • THREE BEDROOM 1930'S SEMI REQUIRING FULL RENOVATION +
  • SITUATED ON KINGSWAY, CLOSE TO ALL LOCAL AMENITIES, TRANSPORT LINKS & SCHOOLS +
  • READY FOR A BUYER TO RENOVATE TO THEIR OWN TASTE +
  • OFF ROAD PARKING TO THE FRONT AND WELL PROPORTIONED REAR GARDEN +
  • BEING SOLD WITH NO VENDOR CHAIN +

A traditional semi-detached home, in need of full refurbishment throughout, situated on a great plot on a popular road in East Didsbury. With some of the most well regarded Primary & Secondary schools in the area within walking distance, Burnage Train Station a short 5 minute walk away along with the local shops and green space all close by; this three bedroom semi-detached home is perfect for anyone wanting to make the most of what the area has to offer. The property briefly comprises of: entrance hall leading through to the front lounge with fireplace. The spacious dining room, to the rear, overlooks the garden. Kitchen to the rear with additional lean to. Downstairs WC with sink. To the first floor: three well proportioned bedrooms with ample space for double beds and wardrobes. Family bathroom currently housing a bath and sink. Separate WC.  Externally, the property benefits from a great plot with gardens to the front and rear, off road parking for multiple cars and a private rear garden with laid to lawn area. The property benefits from being partially double glazed throughout and a recently fitted combi boiler.  A perfect family home with spacious rooms and lots of potential; ready for a buyer to put their own stamp on and renovate to their own taste. Being sold with the added bonus of no vendor chain!

Agent Details

eXp UK, North West

03304 609968

Next Steps?

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