3 Bed Terraced House, Refurb/BRRR, Manchester, M34 3GA, £160,000

73 Grosvenor Street, Manchester, Greater Manchester, M34 3GA - 6 views - 10 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~69 m²
+10 photos

ValuationOvervalued

Sold Prices£100K - £318K
Sold Prices/m²£1.2K/m² - £4.2K/m²

 

 

Square Metres

~68.50 m²
Price/m²£2.3K/m²

Value Estimate

£140,250

 

 

End Value (After Refurb)

£158,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£28,873

Bridging Loan Interest

£4,200

Total Cash In

£80,823

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£158,000

Mortgage (After Refinance)

£118,500

Mortgage LTV

75%

Cash Left In

£80,823

Equity

£39,500

Rent Range

£900 - £2,540

Rent Estimate

£1,173

Running Costs/mo

£748

Cashflow/mo

£425

Cashflow/yr

£5,096

ROI

6%

Gross Yield

9%

Local Sold Prices

50 sold prices from £100K to £318K, average is £172.7K. £1.2K/m² to £4.2K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£220K02/240 mi74, Grosvenor Street, Denton, Manchester, Greater Manchester M34 3GA3
£165K01/210.04 mi64, Belmont Avenue, Denton, Manchester, Greater Manchester M34 3QB3
£170K07/210.06 mi13, Keswick Avenue, Denton, Manchester, Greater Manchester M34 3QD3
£238K01/230.06 mi16, Keswick Avenue, Denton, Manchester, Greater Manchester M34 3QD3
£157.5K10/210.06 mi69, Seymour Street, Denton, Manchester, Greater Manchester M34 3PF3
£256.5K02/240.09 mi27, Foxhall Road, Denton, Manchester, Greater Manchester M34 3GD3
£175K11/230.09 mi23, Foxhall Road, Denton, Manchester, Greater Manchester M34 3GD3
£303.5K12/220.1 mi36, Foxhall Road, Denton, Manchester, Greater Manchester M34 3GB3
£260K06/230.1 mi30, Foxhall Road, Denton, Manchester, Greater Manchester M34 3GB3
£175K02/240.12 mi76, Taylor Lane, Denton, Manchester, Greater Manchester M34 3NG3
£162K04/240.13 mi7, Brooklands Close, Denton, Manchester, Greater Manchester M34 3PL3
£150K01/210.14 mi99, Taylor Lane, Denton, Manchester, Greater Manchester M34 3WQ3
£142K05/210.14 mi87, Taylor Lane, Denton, Manchester, Greater Manchester M34 3WQ3
£176K04/240.15 mi121, Heaton Street, Denton, Manchester, Greater Manchester M34 3RY3
£193K07/230.16 mi10, Leaford Avenue, Denton, Manchester, Greater Manchester M34 3QE3
£140K08/230.17 mi191, Holland Street, Denton, Manchester, Greater Manchester M34 3GE3
£210K12/200.26 mi138, Corporation Road, Denton, Manchester, Greater Manchester M34 3WT3
£143K09/210.28 mi72, Victoria Street, Denton, Manchester, Greater Manchester M34 3QZ3
£158K03/210.28 mi88, Victoria Street, Denton, Manchester, Greater Manchester M34 3QZ3
£260K03/230.28 mi112, Victoria Street, Denton, Manchester, Greater Manchester M34 3QZ3
£185K02/240.29 mi29, Victoria Street, Denton, Manchester, Greater Manchester M34 3GU3
£250K07/230.29 mi25, Victoria Street, Denton, Manchester, Greater Manchester M34 3GU3
£170K03/230.29 mi5, Victoria Street, Denton, Manchester, Greater Manchester M34 3GU3
£318K08/240.3 mi3, Maple Avenue, Denton, Manchester, Greater Manchester M34 3QU3
£210K10/230.33 mi22, Boundary Green, Denton, Manchester, Greater Manchester M34 3BY3
£223K02/230.33 mi4, Boundary Green, Denton, Manchester, Greater Manchester M34 3BY3
£235K07/240.34 mi13, Denshaw Avenue, Denton, Manchester, Greater Manchester M34 3WX3
£139K05/210.34 mi17, Denshaw Avenue, Denton, Manchester, Greater Manchester M34 3WX3
£100K06/230.34 mi29, Willow Grove, Denton, Manchester, Greater Manchester M34 3GX3
£162.5K04/210.34 mi1, Willow Grove, Denton, Manchester, Greater Manchester M34 3GX3
£257K05/240.35 mi38, Ruby Street, Denton, Manchester, Greater Manchester M34 2BY3
£137K06/230.36 mi6, Gould Street, Denton, Manchester, Greater Manchester M34 2AD3
£165K06/230.36 mi12, Birch Grove, Denton, Manchester, Greater Manchester M34 3QY3
£272.2K02/240.36 mi41, Lees Avenue, Denton, Manchester, Greater Manchester M34 2BL3
£206K03/240.36 mi3, Lees Avenue, Denton, Manchester, Greater Manchester M34 2BL3
£196.5K11/230.37 mi100, Acre Street, Denton, Manchester, Greater Manchester M34 2AL3
£106K06/210.37 mi106, Acre Street, Denton, Manchester, Greater Manchester M34 2AL3
£142K11/210.38 mi48, Palatine Street, Denton, Manchester, Greater Manchester M34 3LY3
£165K04/210.39 mi6, Hibbert Avenue, Denton, Manchester, Greater Manchester M34 3NZ3
£121.5K08/230.39 mi1, Cedar Grove, Denton, Manchester, Greater Manchester M34 2BD3
£170K11/200.42 mi14, Palatine Court, Denton, Manchester, Greater Manchester M34 3JW3
£170K12/200.46 mi53a, York Road, Denton, Manchester, Greater Manchester M34 3HF3
£147K11/210.48 mi37, Duke Street, Denton, Manchester, Greater Manchester M34 2AN3
£220K05/230.48 mi35, Duke Street, Denton, Manchester, Greater Manchester M34 2AN3
£212K02/230.48 mi11, Kendon Grove, Denton, Manchester, Greater Manchester M34 2AZ3
£274.5K08/230.49 mi18, St Hildas View, Audenshaw, Manchester, Greater Manchester M34 5JJ3
£170.5K06/210.49 mi6, St Hildas View, Audenshaw, Manchester, Greater Manchester M34 5JJ3
£160K11/200.5 mi19, Longmeadow Grove, Denton, Manchester, Greater Manchester M34 2DA3
£150K02/210.5 mi7, Planet Way, Audenshaw, Manchester, Greater Manchester M34 5JQ3
£196K06/240.5 mi10, Planet Way, Audenshaw, Manchester, Greater Manchester M34 5JQ3

Local Rents

16 rents from £900/mo to £2.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20011/230.03 mi-3
£90003/240.18 mi-3
£1,20005/240.24 miCoronation Street, Denton, Manchester3
£1,00005/240.45 miKendon Grove, Denton, Manchester, M343
£1,00004/240.46 mi-3
£1,09902/240.48 mi-3
£2,54003/250.49 mi-3
£1,20001/250.5 mi-3
£1,20002/250.5 mi-3
£1,00011/230.54 mi-3
£95004/250.56 mi-3
£1,35004/240.59 mi-3
£1,35005/240.59 mi-3
£1,35005/240.59 mi-3
£1,35009/240.59 mi-3
£1,28002/240.6 mi-3

Local Area Statistics

Population in M34

46,114

Population in Manchester

920,095

Town centre distance

5.19 miles away

Nearest school

0.20 miles away

Nearest train station

0.30 miles away

 

 

Rental growth (12m)

+29%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Listed for £160,000

June 24, 2024

Sold for £100,000

2008

Floor Plans

Description

Embrace the potential of Grosvenor Street, a charming three-bedroom end-terrace property offering a blank canvas for cosmetic upgrades and personalization. This well-located residence presents an exciting opportunity for first-time buyers seeking a project or investors looking to add value to their portfolio.

Upon entering through the vestibule, envision the transformation of the family lounge, overlooking the front of the property, into a cozy retreat with your personal touch. With its warm ambiance and abundant natural light, this room offers the perfect starting point for your renovation journey.

Moving toward the rear of the property, the second lounge/dining room awaits rejuvenation, providing additional space for entertaining or family gatherings. Beyond lies the extended kitchen, offering ample room for creativity and customization to suit your lifestyle and preferences.

Upstairs, the first floor boasts three well-proportioned bedrooms, each offering potential for transformation into comfortable living spaces. A family bathroom completes this floor, offering the opportunity for modernization and style upgrades.

Externally, Grosvenor Street features an enclosed garden to the rear, offering a canvas for landscaping and outdoor enhancements to create a tranquil oasis.

With its potential for cosmetic upgrades and personalization, Grosvenor Street presents an ideal project for first-time buyers eager to make their mark on their first home or investors seeking to maximize the property's value. Don't miss the chance to unlock the full potential of this charming property and make it your own!

Agent Details

Bridgfords, Denton

0161 524 6893

Next Steps?

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