3 Bed Semi-Detached House, Refurb/BRRR, Leigh, WN7 3UF, £260,000

Hayman Avenue, Leigh, WN7 3UF - 4 views - 10 months ago

Leasehold
Refurb/BRRR
Planning
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£72K - £485K
Sold Prices/m²£518/m² - £4.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.8K/m²

Value Estimate

£223,010

 

 

End Value (After Refurb)

£254,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£9,500

Refurb Costs

£39,200

Bridging Loan Interest

£6,825

Total Cash In

£122,275

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£254,500

Mortgage (After Refinance)

£190,875

Mortgage LTV

75%

Cash Left In

£122,275

Equity

£63,625

Rent Range

£700 - £2,950

Rent Estimate

£963

Running Costs/mo

£1,008

Cashflow/mo

£-45

Cashflow/yr

£-539

Gross Yield

4%

Local Sold Prices

49 sold prices from £72K to £485K, average is £230K. £518/m² to £4.4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£245K04/210.09 mi53, Hayman Avenue, Leigh, Greater Manchester WN7 3UF3
£230K12/230.09 mi20, Kirkham Road, Leigh, Greater Manchester WN7 3UQ3
£230K03/210.09 mi21, Kirkham Road, Leigh, Greater Manchester WN7 3UQ3
£245K08/240.12 mi7, Jean Avenue, Leigh, Greater Manchester WN7 3LX3
£230K04/210.12 mi8, Jean Avenue, Leigh, Greater Manchester WN7 3LX3
£225K02/210.14 mi243, St Helens Road, Leigh, Greater Manchester WN7 3UB3
£485K01/230.16 mi20, Hand Lane, Leigh, Greater Manchester WN7 3LP3
£270K03/240.16 mi4, Knowsley Drive, Leigh, Greater Manchester WN7 3LY3
£250K09/230.21 mi101, Sydney Avenue, Leigh, Greater Manchester WN7 3LT3
£192.5K05/210.21 mi57, Sydney Avenue, Leigh, Greater Manchester WN7 3LT3
£160K01/230.23 mi65, Parkedge Close, Pennington, Leigh, Greater Manchester WN7 3UR3
£362K07/240.23 mi92, Sydney Avenue, Leigh, Greater Manchester WN7 3LU3
£375K09/230.26 mi141, St Helens Road, Leigh, Greater Manchester WN7 3JH3
£320K11/220.28 mi48, Broadwell Drive, Leigh, Greater Manchester WN7 3NE3
£400K11/220.28 mi23, Broadwell Drive, Leigh, Greater Manchester WN7 3NE3
£150K02/210.29 mi8, Lightburne Avenue, Leigh, Greater Manchester WN7 3JG3
£222K04/230.3 mi7, Winchcombe Close, Leigh, Greater Manchester WN7 3LA3
£115K11/200.3 mi30, Lightburne Avenue, Leigh, Greater Manchester WN7 3JG3
£385K11/200.3 mi9, Beech Crescent, Leigh, Greater Manchester WN7 3JL3
£260K05/240.32 mi3, Chestnut Avenue, Leigh, Greater Manchester WN7 3JN3
£261K12/200.34 mi14, Brooklands Avenue, Leigh, Greater Manchester WN7 3HJ3
£260K08/240.34 mi47, Chestnut Drive, Leigh, Greater Manchester WN7 3JW3
£275K10/210.34 mi56, Chestnut Drive, Leigh, Greater Manchester WN7 3JW3
£306K12/200.34 mi52, Chestnut Drive, Leigh, Greater Manchester WN7 3JW3
£186.5K07/230.34 mi33, Landside, Leigh, Greater Manchester WN7 3JT3
£248K09/230.34 mi57, Landside, Leigh, Greater Manchester WN7 3JT3
£305K06/210.34 mi2, Landside, Leigh, Greater Manchester WN7 3JT3
£235K12/200.35 mi5, Donnington Close, Leigh, Greater Manchester WN7 3NY3
£287.5K02/210.38 mi16, Meynell Drive, Leigh, Greater Manchester WN7 3JR3
£175K12/200.38 mi2, Woodlands Avenue, Leigh, Greater Manchester WN7 3HL3
£239.4K11/210.4 mi3, Milnes Avenue, Leigh, Greater Manchester WN7 3JU3
£72K06/230.41 mi9, Derwent Street, Leigh, Greater Manchester WN7 4HS3
£175K04/210.42 mi4, Schofield Street, Leigh, Greater Manchester WN7 4HT3
£175K09/230.42 mi37, Schofield Street, Leigh, Greater Manchester WN7 4HT3
£194K06/230.43 mi4, Thames Avenue, Leigh, Greater Manchester WN7 3NG3
£294.5K11/200.44 mi158, Chestnut Drive South, Leigh, Greater Manchester WN7 3JY3
£165K10/230.44 mi19, Marshall Street, Leigh, Greater Manchester WN7 4HX3
£240K12/210.45 mi89, Chestnut Drive South, Leigh, Greater Manchester WN7 3JX3
£159K08/210.45 mi13, Clarke Street, Leigh, Greater Manchester WN7 4HU3
£201K04/230.48 mi3, Larkspur Close, Leigh, Greater Manchester WN7 3LQ3
£221K03/210.49 mi12, Townson Drive, Leigh, Greater Manchester WN7 3NJ3
£112K05/230.49 mi26, Poplar Street, Leigh, Greater Manchester WN7 4HL3
£190K11/210.5 mi2, Stavesacre, Leigh, Greater Manchester WN7 3LD3
£155K11/200.5 mi24, Stavesacre, Leigh, Greater Manchester WN7 3LD3
£145K06/210.51 mi49, Pennington Road, Leigh, Greater Manchester WN7 3HR3
£140K05/230.51 mi113, Pennington Road, Leigh, Greater Manchester WN7 3HR3
£190K04/240.53 mi5, Elm Street, Leigh, Greater Manchester WN7 4HH3
£90K04/210.53 mi87, Bonnywell Road, Leigh, Greater Manchester WN7 3HH3
£99K11/200.54 mi85, Etherstone Street, Leigh, Greater Manchester WN7 4HY3

Local Rents

35 rents from £700/mo to £3K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£87504/250.4 mi-3
£95004/250.54 mi-3
£1,10002/250.56 mi-3
£1,19504/250.73 mi-3
£89511/240.79 mi-3
£83001/250.83 mi-3
£83002/250.83 mi-3
£99001/250.84 mi-3
£95011/240.85 miEastwood Grove, Leigh, Greater Manchester, WN73
£1,19504/250.85 mi-3
£98011/240.86 mi-3
£98011/240.86 mi-3
£79511/240.91 miMiriam Grove, Leigh3
£99511/240.93 miWalmesley Road, Leigh, Greater Manchester, WN73
£89002/250.95 mi-3
£98512/240.97 mi-3
£89511/241 miWindermere Road, Leigh, Greater Manchester, WN73
£1,10011/241.04 miMalham Close, Leigh3
£95011/241.06 mi-3
£89502/251.07 mi-3
£1,05012/241.08 mi-3
£94511/241.09 mi-3
£92510/241.09 mi-3
£89511/241.09 mi-3
£80004/251.09 mi-3
£70002/251.1 mi-3
£95011/241.13 mi-3
£1,25011/241.14 mi-3
£1,25011/241.16 mi-3
£75011/241.16 miTunnicliffes New Row, Leigh, WN7 4TW3
£85011/241.17 mi-3
£91503/241.21 mi-3
£97502/251.21 mi-3
£2,95002/251.24 mi-3
£89511/241.24 miHulme Grove, Leigh, Greater Manchester, WN73

Local Area Statistics

Population in WN7

47,819

Town centre distance

188.76 miles away

Nearest school

0.60 miles away

Nearest train station

3.61 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £260,000

July 10, 2024

Floor Plans

Description

  • Offered for sale with no chain +
  • Further potential to extend (subject to planning permission) +
  • Three bedroom semi detached property +
  • Leasehold £16 per year with 944 years remaining +
  • In need of some modernisation +
  • Sought after location in Pennington +

Offered for sale with no chain, this property presents a fantastic opportunity for buyers looking to put their personal touch on a spacious family home. Situated on a larger-than-average plot, the property features a generous garden, perfect for outdoor activities and gardening enthusiasts. The spacious garage provides ample storage and offers potential for conversion or extension, subject to planning permission, adding significant versatility to the home. Inside, the property is in need of some updating, allowing you to create your dream home tailored to your taste and style. The current layout includes a welcoming lounge, a functional kitchen, and three well-proportioned bedrooms on the first floor, providing plenty of space for a growing family. Hayman Avenue is a highly desirable location, known for its friendly community and convenient access to local amenities, schools, and transport links. Don't miss out on this unique opportunity to transform this property into a beautiful family home. Schedule a viewing today and explore the endless possibilities this property has to offer.

EPC Rating: D

Agent Details

Ashtons Estate Agency, Leigh

01942 949067

Next Steps?

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

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