2 Bed Semi-Detached House, Refurb/BRRR, Salford, M5 3NF, £210,000

21 Windmill Avenue, Salford, Greater Manchester, M5 3NF - 7 views - 10 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 4%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£150K - £375K
Sold Prices/m²£2K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.1K/m²

Value Estimate

£201,644

 

 

End Value (After Refurb)

£212,000

Uplift in Value

+-4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£28,876

Bridging Loan Interest

£5,513

Total Cash In

£96,439

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£212,000

Mortgage (After Refinance)

£159,000

Mortgage LTV

75%

Cash Released

£1,500

Cash Left In

£94,939

Equity

£53,000

Rent Range

£950 - £2,699

Rent Estimate

£1,300

Running Costs/mo

£943

Cashflow/mo

£358

Cashflow/yr

£4,290

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £150K to £375K, average is £215K. £2K/m² to £4.4K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£212K03/230.01 mi29, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£210.1K02/240.02 mi17, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£205K05/230.02 mi12, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£178K01/210.02 mi35, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£214K10/230.02 mi15, Windmill Avenue, Salford, Greater Manchester M5 3NF2
£165K03/210.04 mi14, Buckfield Avenue, Salford, Greater Manchester M5 3HJ2
£215K01/230.08 mi41, Whimberry Close, Salford, Greater Manchester M5 3WL2
£160K11/200.09 mi33, Whimberry Close, Salford, Greater Manchester M5 3WL2
£226.5K10/230.09 mi8, Whimberry Close, Salford, Greater Manchester M5 3WL2
£212.5K11/210.22 mi5, Wodens Avenue, Salford, Greater Manchester M5 4TF2
£215K04/230.25 mi39, Ryall Avenue, Salford, Greater Manchester M5 3HX2
£225K07/210.28 mi78, Taylorson Street, Salford, Greater Manchester M5 3EX2
£208.8K03/210.28 mi92, Taylorson Street, Salford, Greater Manchester M5 3EX2
£215K12/220.3 mi17, Warburton Street, Salford, Greater Manchester M5 3FX2
£238K01/240.32 mi13, Treelands Walk, Salford, Greater Manchester M5 3FU2
£235K12/220.35 mi13, Weedall Avenue, Salford, Greater Manchester M5 3DG2
£180K05/210.41 mi17, Crowther Avenue, Salford, Greater Manchester M5 3JU2
£160K12/200.49 mi57, Goodiers Drive, Salford, Greater Manchester M5 3JZ2
£345K12/220.53 mi8, Merchants Quay, Salford, Greater Manchester M50 3XR2
£320K03/210.54 mi53, Merchants Quay, Salford, Greater Manchester M50 3XF2
£150K08/220.56 mi17, Steeple Drive, Salford, Greater Manchester M5 4SB2
£175K12/200.59 mi8, Kershope Grove, Salford, Greater Manchester M5 4QE2
£195K03/230.59 mi14, Catfield Walk, Manchester, Greater Manchester M15 4HH2
£188K02/220.6 mi9, Wythop Gardens, Salford, Greater Manchester M5 4QF2
£364K10/200.6 mi24, St Lawrence Quay, Salford, Greater Manchester M50 3XT2
£245K02/230.6 mi44, St Lawrence Quay, Salford, Greater Manchester M50 3XT2
£230K10/230.63 miA 13.07, Block A Wilburn Basin, Ordsall Lane, Salford, Greater Manchester M5 4XQ2
£315K12/200.63 mi89, Merchants Quay, Salford, Greater Manchester M50 3XQ2
£240K09/210.64 mi44, Vancouver Quay, Salford, Greater Manchester M50 3TU2
£285K12/200.64 mi41, Vancouver Quay, Salford, Greater Manchester M50 3TU2
£375K03/210.64 mi40, Vancouver Quay, Salford, Greater Manchester M50 3TU2
£225K05/240.65 mi2, Farwood Close, Manchester, Greater Manchester M16 9DQ2
£242K01/230.66 mi22, Northumberland Road, Manchester, Greater Manchester M16 9DP2
£221.1K10/210.66 mi2, Sudbury Close, Manchester, Greater Manchester M16 9DG2
£240K02/220.66 mi11, Vancouver Quay, Salford, Greater Manchester M50 3TT2
£210K02/230.69 mi79, Stanley Road, Old Trafford, Manchester, Greater Manchester M16 9BQ2
£370K02/230.75 mi18, Fire Station Square, Salford, Greater Manchester M5 4NZ2
£375K07/220.75 mi11, Fire Station Square, Salford, Greater Manchester M5 4NZ2
£170K01/240.75 mi229, Liverpool Street, Salford, Greater Manchester M5 4HS2
£209K09/220.76 mi3, Ewart Avenue, Salford, Greater Manchester M5 4HN2
£258K09/220.8 mi23, Beever Street, Manchester, Greater Manchester M16 9JR2
£195K11/210.83 mi12, Marple Street, Manchester, Greater Manchester M15 4AH2
£195K11/210.84 mi12, Marple Street, Manchester, Greater Manchester M15 4AH2
£332K10/220.88 mi105, Skerton Road, Manchester, Greater Manchester M16 0NG2
£240K08/220.88 mi74, Ribston Street, Manchester, Greater Manchester M15 5RJ2
£185K07/210.88 mi43, Yew Street, Hulme, Manchester, Greater Manchester M15 5YW2
£220K11/220.88 mi17, Mallow Street, Manchester, Greater Manchester M15 5GE2
£179K03/210.88 mi10, Prestage Street, Old Trafford, Manchester, Greater Manchester M16 9LH2
£235.7K11/220.89 mi24, Prestage Street, Old Trafford, Manchester, Greater Manchester M16 9JU2
£185K02/210.89 mi26, Prestage Street, Old Trafford, Manchester, Greater Manchester M16 9JU2

Local Rents

50 rents from £950/mo to £2.7K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20005/240.03 miWindmill Avenue, Salford, M5 3NF2
£1,20006/240.03 miWindmill Avenue, Salford, M5 3NF2
£99501/250.08 mi-2
£95005/240.08 miOrdsall Lane, Salford2
£1,10005/240.08 miQuay 5 Ordsall Lane, Salford, Manchester2
£1,30001/250.08 mi-2
£1,30002/240.08 mi-2
£1,09505/240.09 mi232 Ordsall Lane, Salford, M52
£1,19505/240.1 miQuay 5, 232 Ordsall Lane, Salford, Greater Manchester, M52
£1,15006/240.1 mi-2
£1,15005/240.1 miQuay 5, Salford, M52
£1,19502/240.11 mi-2
£1,00005/240.11 miBramble Avenue, Salford, Manchester2
£1,20005/240.11 mi-2
£1,25006/240.11 mi-2
£1,05012/240.11 mi-2
£1,05005/240.11 miQuay 5, Ordsall Lane, Salford M5 3NG2
£1,17505/240.12 miOrdsall Lane, Manchester, Greater Manchester, M52
£1,28105/240.12 miOrdsall Lane, Manchester, Greater Manchester, M52
£1,25805/240.12 miOrdsall Lane, Manchester, Greater Manchester, M52
£1,35005/240.12 miOrdsall Lane, Manchester, Greater Manchester, M52
£1,37006/240.12 miOrdsall Lane, Manchester, Greater Manchester, M52
£1,25005/240.12 miWilburn Basin, Block D, Ordsall Lane, Salford, M52
£1,25005/240.12 miBlock C, Ordsall Lane, Manchester City Centre, M52
£1,25006/240.12 miWilburn Basin, Block D, Ordsall Lane, Salford, M52
£1,45006/240.12 miWilburn Basin, Block D, Ordsall Lane, Salford, Greater Manchester, M52
£1,10006/240.13 mi-2
£1,10005/240.13 miQuay 5, Salford, M52
£99503/250.13 mi-2
£1,05005/240.13 miQuay 5, Ordsall Lane, Salford2
£1,25012/240.15 mi-2
£1,25006/240.15 mi-2
£2,69902/250.15 mi-2
£1,15005/240.16 miQuay 5, 240 Ordsall Lane, Salford, M52
£99505/240.17 miQuay 5, Ordsall Lane Salford M52
£1,19505/240.18 mi75, The Waterhouse, 14 Worrall Street, Manchester, Greater Manchester, M52
£1,20003/240.18 miWorrall Street, Manchester, Greater Manchester, M52
£1,40002/250.19 mi-2
£1,50001/250.2 mi-2
£1,50001/250.2 mi-2
£1,25003/250.2 mi-2
£1,35002/240.22 mi-2
£1,39506/240.22 mi-2
£1,39512/240.22 mi-2
£1,45003/250.22 mi-2
£1,49503/250.22 mi-2
£1,39505/240.22 miWaterhouse Apartments, Salford, M52
£1,39505/240.22 miWaterhouse Apartments, Salford, M52
£1,25003/250.22 mi-2
£1,45005/240.22 miRiley Building, Lowry Wharf, Derwent Street, Salford, M5 4TA2

Local Area Statistics

Population in M5

14,445

Population in Salford

88,697

Town centre distance

2.56 miles away

Nearest school

0.30 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+35%

Sales demand

Buyer's market

Capital growth (5yrs)

+6%

Property History

Price changed to £210,000

December 4, 2024

Listed for £220,000

May 31, 2024

Sold for £36,700

1996

Floor Plans

Description

  • Two Bedroom Semi Detached +
  • Front and Rear Gardens +
  • Driveway for 2 cars +
  • In Need of Modernisation +
  • Close to Central Manchester +
  • Council Tax Band A / EPC awaited +
  • No Onward Chain +

Welcome to Windmill Avenue, Salford - a charming location close to the heart of Manchester.

Upon entering, you are greeted by a cosy reception room, perfect for relaxing or entertaining guests. The property features two comfortable bedrooms, ideal for a small family or those in need of a guest room or home office space. Built in 1996, this home combines the allure of a well-established property with the benefits of modern construction. Its location near central Manchester provides easy access to all the amenities and attractions the city has to offer. Don't miss out on the opportunity to make this lovely house your home. Contact us today to arrange a viewing and experience the comfort and convenience Windmill Avenue has to offer. With parking available for two vehicles, you'll never have to worry about finding a spot after a long day out. No onward chain.

Entrance Hall -

Living Room - 4.01 x 3.95 (13'1" x 12'11") - Laminate flooring. TV and telephone points. Ceiling light.

Kitchen/Diner - 3.92 x 2.44 (12'10" x 8'0") - Range of wall and base units with worktops over. Sink with mixer tap. Cooker with hob and extractor over. Space for fridge/freezer and washing machine. Sliding patio doors to rear garden.

Bedroom One - 3.94 x 3.55 (12'11" x 11'7") - Fitted carpet. Ceiling light. Radiator. Cupboard.

Bedroom Two - 3.55 x 2.23 (11'7" x 7'3") - Fitted carpet. Ceiling light. Radiator.

Bathroom - Bath with electric shower over. Sink with two tap holes. Low level W/C. Window.

Externally - Front and rear gardens. Driveway for 2 cars.

Additional Information - Lease - 999 years from 1 January 1995
Ground rent - £50 per annum

Agent Details

Jordan Fishwick, Manchester

0161 524 3050

Next Steps?

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