3 Bed Semi-Detached House, Refurb/BRRR, Salford, M7 3PU, £335,000

Oaklands Road, Salford, M7 3PU - 4 views - 10 months ago

Leasehold
Refurb/BRRR
~93 m²
+18 photos

ValuationOvervalued

Sold Prices£80K - £385K
Sold Prices/m²£909/m² - £7K/m²

 

 

Square Metres

~93 m²
Price/m²£3.6K/m²

Value Estimate

£199,750

 

 

End Value (After Refurb)

£342,500

Uplift in Value

+-2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£83,750

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£39,200

Bridging Loan Interest

£8,794

Total Cash In

£150,194

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£342,500

Mortgage (After Refinance)

£256,875

Mortgage LTV

75%

Cash Released

£5,625

Cash Left In

£144,569

Equity

£85,625

Rent Range

£950 - £2,000

Rent Estimate

£1,403

Running Costs/mo

£1,371

Cashflow/mo

£32

Cashflow/yr

£385

ROI

0%

Gross Yield

5%

Local Sold Prices

51 sold prices from £80K to £385K, average is £240K. £909/m² to £7K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£252.5K01/210.04 mi37, Oaklands Road, Salford, Greater Manchester M7 3PU3
£225K01/210.04 mi11, Oaklands Road, Salford, Greater Manchester M7 3PU3
£210K01/210.05 mi38, Moor Lane, Salford, Greater Manchester M7 3PZ3
£345K02/230.08 mi5, Mesnefield Road, Salford, Greater Manchester M7 3QD3
£262K12/200.09 mi2b, Oaklands Road, Salford, Greater Manchester M7 3PY3
£295K02/230.12 mi38, Wensley Road, Salford, Greater Manchester M7 3QJ3
£253K06/210.12 mi23, Matisse Way, Salford, Greater Manchester M7 3BA3
£270K03/220.13 mi39, Wensley Road, Salford, Greater Manchester M7 3GJ3
£264K06/230.13 mi55, Wensley Road, Salford, Greater Manchester M7 3GJ3
£325K08/230.14 mi10, Stubbs Close, Salford, Greater Manchester M7 3BD3
£272K07/220.14 mi3, Sisley Close, Salford, Greater Manchester M7 3BB3
£279K10/230.17 mi7, Christie Lane, Salford, Greater Manchester M7 3BL3
£240K12/220.17 mi7, Greene Way, Salford, Greater Manchester M7 3BP3
£238K09/230.18 mi64, Christie Lane, Salford, Greater Manchester M7 3BN3
£170K01/230.25 mi1, Lamorna Close, Salford, Greater Manchester M7 3GT3
£305K06/210.26 mi18, Norwood Avenue, Salford, Greater Manchester M7 3PN3
£345K11/230.26 mi24, Norwood Avenue, Salford, Greater Manchester M7 3PN3
£357.3K02/230.27 mi19, Norwood Avenue, Salford, Greater Manchester M7 3PW3
£342.5K11/220.27 mi28, Norwood Avenue, Salford, Greater Manchester M7 3PN3
£255K03/210.28 mi5, Myrtle Bank, Prestwich, Manchester, Greater Manchester M25 9XX3
£370K02/230.29 mi112, Nevile Road, Salford, Greater Manchester M7 3PL3
£385K03/230.3 mi60, Vine Street, Salford, Greater Manchester M7 3PG3
£186K05/210.32 mi81, Castlewood Road, Salford, Greater Manchester M7 3QW3
£210K07/210.32 mi57, Castlewood Road, Salford, Greater Manchester M7 3QW3
£235K05/210.32 mi3, Castlewood Road, Salford, Greater Manchester M7 3QW3
£238K11/230.32 mi25, Castlewood Road, Salford, Greater Manchester M7 3QW3
£238K11/230.32 mi25, Castlewood Road, Salford, Greater Manchester M7 3QW3
£222.5K12/220.32 mi28, Monsal Avenue, Salford, Greater Manchester M7 3GX3
£210K10/220.32 mi11, Monsal Avenue, Salford, Greater Manchester M7 3GU3
£330K07/210.32 mi56, Oaklands Road, Salford, Greater Manchester M7 3GP3
£222K01/230.33 mi7, Calton Avenue, Salford, Greater Manchester M7 3QX3
£200K11/230.34 mi34, Castlewood Road, Salford, Greater Manchester M7 3GN3
£226K09/220.35 mi274, Littleton Road, Salford, Greater Manchester M7 3QG3
£200K05/230.36 mi264, Littleton Road, Salford, Greater Manchester M7 3QS3
£190K08/210.37 mi2, Roman Road, Prestwich, Manchester, Greater Manchester M25 9SP3
£260K05/210.37 mi276, Moor Lane, Salford, Greater Manchester M7 3QN3
£171K06/230.37 mi5, Chapel Walk, Prestwich, Manchester, Greater Manchester M25 9UZ3
£282.5K10/220.38 mi122, Nevile Road, Salford, Greater Manchester M7 3PH3
£185K01/210.39 mi5, Hurdlow Avenue, Salford, Greater Manchester M7 3RA3
£200K10/230.39 mi2, Hurdlow Avenue, Salford, Greater Manchester M7 3RA3
£245K03/210.39 mi44, George Street, Prestwich, Manchester, Greater Manchester M25 9WS3
£220K07/230.4 mi208, Littleton Road, Salford, Greater Manchester M7 3QU3
£80K01/230.4 mi25, Linton Walk, Salford, Greater Manchester M7 3QR3
£265K05/210.41 mi36, George Street, Prestwich, Manchester, Greater Manchester M25 9WS3
£220K04/210.41 mi25, Circular Road, Prestwich, Manchester, Greater Manchester M25 9NR3
£305K06/210.41 mi29, Circular Road, Prestwich, Manchester, Greater Manchester M25 9NR3
£335K06/230.41 mi25, Circular Road, Prestwich, Manchester, Greater Manchester M25 9NR3
£200K07/230.42 mi132, South Radford Street, Salford, Greater Manchester M7 3GG3
£202K04/230.45 mi4, Headlands Drive, Prestwich, Manchester, Greater Manchester M25 9YF3
£250K10/230.46 mi2, Tideway Close, Salford, Greater Manchester M7 3AR3
£197K07/230.46 mi43, Kingsley Avenue, Salford, Greater Manchester M7 3TT3

Local Rents

23 rents from £950/mo to £2K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£95003/250.02 mi-3
£1,60007/240.02 miMoor Lane, Salford3
£1,25007/240.12 miWensley Road, Salford3
£1,30005/240.14 miStubbs Close, Salford3
£1,50007/240.17 miGreene Way, Salford, M73
£1,30005/240.2 miOaklands Road, Salford, Manchester3
£1,22512/230.2 mi-3
£1,49511/240.2 mi-3
£1,05005/240.29 miCastlewood Road, Salford3
£1,20006/240.29 mi-3
£1,20005/240.29 miChapel Road, Prestwich, Manchester, M253
£1,60002/240.36 mi-3
£1,65009/240.42 mi-3
£2,00004/240.44 mi-3
£1,19505/240.46 miRainsough Brow, Prestwich, M253
£1,10012/240.48 mi-3
£1,70008/240.48 mi-3
£1,45003/250.51 mi-3
£1,29505/240.53 miHope Road, Prestwich, Manchester3
£1,50005/240.56 miSandy Lane, Prestwich, M253
£1,30005/240.56 miSandy Lane, Prestwich3
£1,60005/240.6 miRichmond Avenue, Prestwich, Manchester3
£1,25004/250.6 mi-3

Local Area Statistics

Population in M7

27,601

Population in Salford

88,697

Town centre distance

1.14 miles away

Nearest school

0.20 miles away

Nearest train station

1.29 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+36%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Price changed to £335,000

March 20, 2025

Price changed to £340,000

February 8, 2025

Listed for £350,000

July 10, 2024

Floor Plans

Description

  • Elevated frontage +
  • Three Bedrooms +
  • Excellent location +

Situated in an elevated position, this end-terraced house offers three inviting bedrooms—two generously sized doubles and a cosy single. It features spacious living areas that present a wonderful opportunity for those looking to apply their creative touch and renovate the property into a modern and comfortable home. As you step into the welcoming porch, ideal for storing shoes and essentials, you're greeted by the main hallway. The front reception room is bright and well-proportioned, retaining charming original features that provide a glimpse into the home's potential. Adjacent to this, the open-plan dining room offers ample space for furniture, flowing into a versatile area with a bar—perfect for entertaining guests. The layout seamlessly leads into the kitchen, and beyond, you'll find a lovely paved patio area and garden space, ready to be revitalised into your outdoor haven. Upstairs, the first floor hosts two spacious double bedrooms. The front-facing master bedroom features a charming bay window and ample space for all your bedroom furniture. The second bedroom, equally generous, overlooks the rear of the property. Additionally, there is a single bedroom, perfect for a child's room or a home office. The bathroom, situated next to a separate WC, completes the first floor. While this charming home is dated and in need of renovation, it presents a fantastic opportunity for those with a vision to create a stylish and comfortable living space in a convenient location. Don’t miss out on the chance to make this property your own—arrange a viewing today!

EPC Rating: D

Agent Details

Normie Sales & Lettings, North Manchester

020 3834 7844

Next Steps?

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