2 Bed Terraced House, Refurb/BRRR, Manchester, M4 4JG, £220,000

Shilford Drive, Manchester, M4 4JG - 5 views - 7 months ago

Sold STC
BTL
Refurb/BRRR
ROI: 4%
~73 m²
+8 photos

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.

PriceDateDistanceAddressBeds 
£215K01/210.04 mi29, Livesey Street, Manchester, Greater Manchester M4 5HF2
£358K03/240.4 mi15, New Islington, Manchester, Greater Manchester M4 6HF2
£360K03/210.4 mi15, New Islington, Manchester, Greater Manchester M4 6HF2
£225K05/220.45 mi2, Troutbeck Avenue, Manchester, Greater Manchester M4 7JG2
£382K03/220.45 mi19, Lockyard Lane, Manchester, Greater Manchester M4 6JN2
£365K04/210.45 mi17, Lockyard Lane, Manchester, Greater Manchester M4 6JN2
£365K02/210.45 mi29, Lockyard Lane, Manchester, Greater Manchester M4 6JN2
£243K11/230.52 mi70, Holland Street, Manchester, Greater Manchester M40 7DF2
£190K11/210.61 mi95, Ridgway Street, Manchester, Greater Manchester M40 7DS2
£205K03/210.68 mi202, Varley Street, Manchester, Greater Manchester M40 7EJ2
£265K08/220.71 mi5, Thomas Telford Basin, Manchester, Greater Manchester M1 2NH2
£115K09/200.76 mi13, Towcester Close, Manchester, Greater Manchester M4 7FB2
£220K08/210.78 mi5, Gurney Street, Manchester, Greater Manchester M4 7DZ2
£220K08/210.78 mi5, Gurney Street, Manchester, Greater Manchester M4 7DZ2
£260K10/220.82 mi23, Pattishall Close, Manchester, Greater Manchester M4 7DU2
£132K12/200.82 mi22, Kenwyn Street, Manchester, Greater Manchester M40 7AE2
£127K05/210.85 mi153, Queens Road, Manchester, Greater Manchester M8 0RB2
£127K05/210.85 mi153, Queens Road, Manchester, Greater Manchester M8 0RB2
£242K10/220.86 mi42, Tutbury Street, Manchester, Greater Manchester M4 7DG2
£136.5K12/230.86 mi12, Penzance Street, Manchester, Greater Manchester M40 7BD2
£130K03/210.92 mi29, Carriage Drive, Manchester, Greater Manchester M40 8RG2
£159K08/230.96 mi71, Signal Drive, Manchester, Greater Manchester M40 8NN2
£133K12/200.97 mi40, Park View, Harpurhey, Manchester, Greater Manchester M9 5EJ2

Local Rents

50 rents from £700/mo to £2.4K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40005/240.15 miThe Plaza, 1 Advent Way, Ancoats, Manchester, M42
£1,40005/240.15 miThe Plaza, 1 Advent Way, Ancoats, Manchester, M42
£1,30005/240.15 miThe Plaza, 1 Advent Way, Ancoats, Manchester, M42
£2,05012/240.17 mi-2
£1,40005/240.18 miButler Street, Manchester, Greater Manchester, M402
£1,30007/240.18 miButler Street, Manchester, Greater Manchester, M402
£1,35005/240.19 miPlatinum House :: Miles Platting2
£1,25006/240.19 miIngenta, 2 Poland Street, Northern Quarter, Manchester, M42
£1,34008/240.21 miOldham Road, Manchester, Greater Manchester, M402
£1,44008/240.21 miOldham Road, Manchester, Greater Manchester, M402
£1,00005/240.21 miOldham Road, Manchester, Greater Manchester, M402
£1,76005/240.21 miOldham Road, Manchester, Greater Manchester, M402
£1,30005/240.21 miOldham Road, Manchester, Greater Manchester, M402
£1,28007/240.21 miOldham Road, Manchester, Greater Manchester, M402
£1,28007/240.21 miOldham Road, Manchester, Greater Manchester, M402
£1,44006/240.21 miOldham Road, Manchester, Greater Manchester, M402
£1,31005/240.21 miOldham Road, Manchester, Greater Manchester, M402
£1,44006/240.21 miOldham Road, Manchester, Greater Manchester, M402
£1,36007/240.21 miOldham Road, Manchester, Greater Manchester, M402
£1,65008/240.21 miKeele Walk, Manchester, Greater Manchester, M402
£70009/240.22 mi-2
£1,37505/240.23 mi003 Sylvia, Dalton Street, Manchester, Greater Manchester, M402
£1,60005/240.24 miApt 3.07 :: One Silk Street2
£1,60005/240.24 miApt 7.07 One Silk Street2
£1,75005/240.24 miApt 6.11 :: One Silk Street2
£1,75005/240.24 miApt 7.09 :: One Silk Street2
£1,65005/240.24 miApt 7.04 :: One Silk Street2
£1,65005/240.24 miApt 7.08 :: One Silk Street2
£1,65006/240.24 miApt 5.02 :: One Silk Street2
£1,60005/240.24 miApt 3.08 :: One Silk Street2
£1,65006/240.24 miApt 7.04 :: One Silk Street2
£1,59506/240.24 miApt 7.04 :: One Silk Street2
£1,60005/240.24 mi-2
£1,60005/240.24 miEmmeline, Manchester, M402
£99512/240.24 mi-2
£1,15005/240.25 miLudgate Hill, Manchester, M4 4BW2
£1,15006/240.25 miLudgate Hill, Manchester, M4 4BW2
£1,20005/240.26 miThe Citadel, 15 Ludgate Hill, Manchester2
£1,15005/240.26 miLudgate Hill, Manchester, Greater Manchester, M42
£1,50006/240.26 miLudgate Hill, Manchester, Greater Manchester, M42
£1,30005/240.26 mi100 The Citadel, 15 Ludgate Hill, Manchester2
£2,20005/240.27 mi-2
£2,35006/240.27 mi-2
£1,25005/240.27 miLudgate Hill, Manchester2
£1,30006/240.27 miCitadel, Ludagte Hill, Manchester2
£97503/240.27 miRed Building,Ludgate Hill,Manchester,M42
£1,19505/240.27 mi-2
£1,19505/240.27 miChristabel, Manchester, M402
£1,20005/240.28 miRed Building, Ludgate Hill, Manchester2
£1,46512/240.28 mi-2

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

  • IN NEED OF SOME MODERNISATION +
  • NO VENDOR CHAIN +
  • FREEHOLD PROPERTY +
  • FANTASTIC INVESTMENT OPPORTUNITY +
  • OFF ROAD PARKING & LOVELY REAR GARDEN +
  • FANTASTIC BUS ROUTES INTO CITY CENTRE & BEYOND +
  • POPULAR RESIDENTIAL LOCATION +
  • HIGHLY SOUTH AFTER LOCATION +
  • EARLY & INTERNAL VIEWING HIGHLY RECOMMENDED +

The Property
SPACIOUS TWO BEDROOM END TERRACE PROPERTY WHICH SITS IN A HIGHLY SOUGHT AFTER LOCATION * IDEAL FOR FIRST TIME BUYERS, YOUNG PROFESSIONALS, FAMILIES & BUY TO LET LANDLORDS LOOKING FOR A GOOD RETURN * NEW ISLINGTON, HOLT TOWN & PICADILLY TRAM STOPS ALL UNDER ONE MILE FROM THE PROPERTY * SET IN THE HEART OF ANCOATS AND CLOSE TO THE NORTHERN QUARTER SIDE OF MANCHESTER CITY CENTRE WITH ITS ARRAY OF SHOPS, BARS, RESTAURANTS, SUPERMARKETS & GENERAL LOCAL AMENITIES WHICH A CITY CENTRE HAS TO OFFER * EARLY & INTERNAL VIEWING HIGHLY RECOMMENDED BECAUSE OF LOCATION ***

Entrance Hall
Wooden flooring, radiator, stairs to first floor, door to separate cupboard and doors to Living Room, Kitchen and Cloakroom

Living Room
Double glazed window, radiator, storage cupboard and door to rear garden area.

Kitchen
A range of low and eye level units incorporating a stainless steel sink and drainer unit, space for cooker, washing machine and fridge freezer, radiator and double glazed window.

W.C.
Low level WC and wall mounted sink unit with splashback tiling.

First Floor Landing
Loft access, separate storage cupboard, airing cupboard with radiator and doors to bedrooms, bathroom and separate toilet

Bedroom One
Double glazed window, radiator and two separate storage cupboards.

Bedroom Two
Double glazed window, radiator and separate storage cupboard.

Bathroom
A two piece suite comprising of bath with shower over, vanity unit housing sink unit fully tiled walls, tiled flooring, radiator and double glazed window.

Upstairs W.C.
Low level WC, fully tiled walls and flooring and double glazed window.

Outside
To the front of the property are double gates leading to a driveway providing off road parking and to the rear of the property is a lovely enclosed lawned garden with mature plants and flowers

Disclaimer for virtual viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing. If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.

Agent Details

Purplebricks, covering Manchester

0161 524 9265

Next Steps?

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