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2 Bed Terraced House, Refurb/BRRR, Manchester, M4 4JG, £220,000
ValuationOvervalued
Sold Prices | £115K - £382K |
Sold Prices/m² | £1.2K/m² - £4.3K/m² |
| |
Square Metres | ~73.30 m² |
Price/m² | £3K/m² |
Value Estimate | £202,045 |
| |
End Value (After Refurb) | £257,662 |
Uplift in Value | +17% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £55,000 |
Stamp Duty & Legal Fees | £7,800 |
Refurb Costs | £30,896 |
Bridging Loan Interest | £5,775 |
Total Cash In | £101,221 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £257,662 |
Mortgage (After Refinance) | £193,247 |
Mortgage LTV | 75% |
Cash Released | £28,247 |
Cash Left In | £72,974 |
Equity | £64,416 |
Rent Range | £700 - £2,350 |
Rent Estimate | £1,426 |
Running Costs/mo | £1,110 |
Cashflow/mo | £316 |
Cashflow/yr | £3,787 |
ROI | 4% |
Gross Yield | 8% |
Local Sold Prices
23 sold prices from £115K to £382K, average is £220K. £1.2K/m² to £4.3K/m², average is £3.1K/m².
Local Rents
50 rents from £700/mo to £2.4K/mo, average is £1.4K/mo.
Local Area Statistics
Population in M4 | 10,600 |
Population in Manchester | 920,095 |
Town centre distance | 2.55 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 0.65 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | -17% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +3% |
Property History
Listed for £220,000
June 12, 2024
Floor Plans
Description
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