3 Bed Semi-Detached House, Refurb/BRRR, Manchester, M20 6SY, £490,000

Gaddum Road, Didsbury, M20 6SY - 2 views - 9 months ago

Refurb/BRRR
~90 m²
+11 photos

ValuationOvervalued

Sold Prices£285K - £660K
Sold Prices/m²£3.5K/m² - £5.6K/m²

 

 

Square Metres

~90.12 m²
Price/m²£5.4K/m²

Value Estimate

£346,375

 

 

End Value (After Refurb)

£486,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£122,500

Stamp Duty & Legal Fees

£37,700

Refurb Costs

£37,986

Bridging Loan Interest

£12,863

Total Cash In

£212,799

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£486,000

Mortgage (After Refinance)

£364,500

Mortgage LTV

75%

Cash Left In

£212,799

Equity

£121,500

Rent Range

£1,200 - £2,750

Rent Estimate

£1,706

Running Costs/mo

£1,880

Cashflow/mo

£-174

Cashflow/yr

£-2,087

Gross Yield

4%

Local Sold Prices

50 sold prices from £285K to £660K, average is £436K. £3.5K/m² to £5.6K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£550K09/230.02 mi19, Gaddum Road, Manchester, Greater Manchester M20 6SY3
£411K11/200.03 mi30, Gaddum Road, Manchester, Greater Manchester M20 6SZ3
£390K01/210.06 mi17, Atwood Road, Manchester, Greater Manchester M20 6TA3
£390K01/210.06 mi17, Atwood Road, Manchester, Greater Manchester M20 6TA3
£495K02/210.06 mi23, Atwood Road, Didsbury, Manchester, Greater Manchester M20 6TA3
£440K09/210.07 mi18a, Atwood Road, Manchester, Greater Manchester M20 6TD3
£475K01/210.09 mi25, Catterick Road, Manchester, Greater Manchester M20 6HF3
£450K12/230.11 mi14, Catterick Road, Manchester, Greater Manchester M20 6HW3
£425K02/240.12 mi47, Austin Drive, Manchester, Greater Manchester M20 6FA3
£360K02/230.15 mi11, Dundonald Road, Manchester, Greater Manchester M20 6RU3
£345K11/230.16 mi3, Catterick Avenue, Manchester, Greater Manchester M20 6HH3
£435K11/200.16 mi1, Willow Way, Manchester, Greater Manchester M20 6JT3
£660K11/230.18 mi50, Willow Way, Manchester, Greater Manchester M20 6JS3
£512.5K12/200.19 mi8, Moorland Road, Manchester, Greater Manchester M20 6BD3
£355K02/210.19 mi8, Austin Drive, Manchester, Greater Manchester M20 6EG3
£440K10/230.19 mi34, Austin Drive, Manchester, Greater Manchester M20 6EG3
£525K07/230.19 mi22, Austin Drive, Manchester, Greater Manchester M20 6EG3
£410K04/230.19 mi25, Ladysmith Road, Manchester, Greater Manchester M20 6HP3
£538K11/210.2 mi138, Fog Lane, Manchester, Greater Manchester M20 6SW3
£425K03/230.21 mi25, Austin Drive, Manchester, Greater Manchester M20 6EB3
£455K08/230.21 mi105, Catterick Road, Manchester, Greater Manchester M20 6HD3
£450K03/220.22 mi114, School Lane, Didsbury, Manchester, Greater Manchester M20 6JB3
£450K02/230.22 mi118, School Lane, Didsbury, Manchester, Greater Manchester M20 6JB3
£432.4K09/210.23 mi1, Arthog Road, Manchester, Greater Manchester M20 6HR3
£445K09/230.24 mi11, Stephens Terrace, Manchester, Greater Manchester M20 6WB3
£400K10/230.24 mi15, The Drive, Manchester, Greater Manchester M20 6HZ3
£420K06/210.25 mi34, Albert Hill Street, Manchester, Greater Manchester M20 6RF3
£479.9K04/230.25 mi40, Albert Hill Street, Manchester, Greater Manchester M20 6RF3
£435K12/220.25 mi23, Albert Hill Street, Manchester, Greater Manchester M20 6RF3
£412K06/210.26 mi24, Old Oak Street, Manchester, Greater Manchester M20 6RH3
£370K08/230.26 mi323, Parrs Wood Road, Manchester, Greater Manchester M20 6GR3
£410K12/230.26 mi49, Elm Grove, Manchester, Greater Manchester M20 6PQ3
£500K11/230.27 mi21, Rushton Street, Manchester, Greater Manchester M20 6RP3
£437K06/210.27 mi32, Fog Lane, Manchester, Greater Manchester M20 6AL3
£614K08/230.27 mi2, Fog Lane, Manchester, Greater Manchester M20 6AL3
£460K11/200.27 mi34, Fog Lane, Manchester, Greater Manchester M20 6AL3
£510K12/220.28 mi11, Fairlea Avenue, Manchester, Greater Manchester M20 6GN3
£435K04/210.28 mi5, Mereland Avenue, Manchester, Greater Manchester M20 6SF3
£425K12/220.28 mi6, Mereland Avenue, Manchester, Greater Manchester M20 6SF3
£490K01/210.28 mi5, Norgate Street, Manchester, Greater Manchester M20 2DG3
£335K10/210.29 mi10, Colemore Avenue, Manchester, Greater Manchester M20 6JR3
£285K01/210.29 mi12, Colemore Avenue, Manchester, Greater Manchester M20 6JR3
£427K04/210.29 mi2, Fairlea Avenue, Manchester, Greater Manchester M20 6GN3
£458K12/200.29 mi11, Fairlea Avenue, Manchester, Greater Manchester M20 6GN3
£525K08/230.31 mi131, Fog Lane, Manchester, Greater Manchester M20 6ED3
£419K01/210.31 mi143, Fog Lane, Manchester, Greater Manchester M20 6ED3
£475K09/210.31 mi35, Kingsfield Drive, Manchester, Greater Manchester M20 6JA3
£428.5K09/230.31 mi29, Kingsfield Drive, Manchester, Greater Manchester M20 6JA3
£465K06/210.32 mi18, Grange Lane, Manchester, Greater Manchester M20 6RW3
£385K02/210.32 mi155, School Lane, Didsbury, Manchester, Greater Manchester M20 6JP3

Local Rents

48 rents from £1.2K/mo to £2.8K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,80005/240.07 miAdria Road, Didsbury3
£1,95005/240.08 miWilloughby Avenue, Didsbury, M20 6AS3
£1,30005/240.12 miSchool Lane, Didsbury, M203
£1,95005/240.17 miSchool Lane, Didsbury, Manchester, M203
£1,50005/240.18 miFog Lane, Didsbury, Manchester, M203
£1,45005/240.18 miWhitehall Road, Didsbury, M20 6RY3
£1,70005/240.2 miAustin Drive, Didsbury, Manchester3
£1,90005/240.2 miKnightsbridge Mews, Manchester, M203
£1,69003/250.23 mi-3
£2,27512/240.24 mi-3
£2,55006/240.24 miAlbert Hill Street, Manchester, M203
£1,55005/240.24 miElm Grove, Didsbury, Manchester, M203
£1,20002/250.24 mi-3
£1,60005/240.28 mi-3
£2,30003/240.3 miOld Station House, 742 Wilmslow Road, M20 2AY3
£2,10004/250.33 mi-3
£1,35005/240.35 miViceroy Court, Wilmslow Road, Didsbury3
£1,80005/240.36 miKnightsbridge Mews, Didsbury, M203
£2,50005/240.36 miKnightsbridge Mews, Manchester3
£1,25005/240.37 miWilmslow Road, Didsbury, Manchester, M203
£1,65001/240.38 mi-3
£1,70005/240.38 miHomestead Crescent, Manchester, M19 3
£1,95012/240.39 mi-3
£2,10005/240.39 miBrayton Avenue, Manchester, Greater Manchester, M203
£1,25005/240.4 miViceroy Court, Wilmslow Road, Manchester3
£1,35005/240.41 miWilmslow Road, Didsbury, Manchester, M203
£1,60005/240.42 miWestholme Road, Didsbury, M20 3QZ3
£1,30005/240.42 miBalholm Court, 640 Wilmslow Road, Didsbury, M203
£1,39505/240.42 miNorwood Avenue, Manchester3
£1,55005/240.43 miParrs Wood Avenue, East Didsbury, Manchester3
£2,00005/240.44 miEvans Close, Didsbury, M20 2SQ3
£1,35005/240.45 miMelbury Avenue, Manchester, M203
£1,50002/250.51 mi-3
£1,40002/250.51 mi-3
£1,80012/240.51 mi-3
£1,70005/240.54 miLynway Drive, Didsbury, Manchester, M203
£1,40005/240.54 miFernbray Avenue, Manchester, M193
£1,95005/240.54 mi-3
£2,25005/240.55 miBeeches Court, Bloomesbury Avenue, Didsbury3
£1,60005/240.57 mi-3
£1,60005/240.57 mi-3
£1,60005/240.57 miDidsbury, Manchester, M203
£1,37012/240.59 mi-3
£1,37001/250.59 mi-3
£1,70012/240.6 mi-3
£2,75012/240.6 mi-3
£1,27506/240.6 miWestcroft Road, Manchester, Greater Manchester, M203
£1,60001/240.62 mi-3

Local Area Statistics

Population in M20

49,129

Population in Manchester

920,095

Town centre distance

2.73 miles away

Nearest school

0.20 miles away

Nearest train station

0.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £490,000

February 24, 2025

Listed for £510,000

July 22, 2024

Floor Plans

Description

  • Semi Detached +
  • Approx. 970 Sq Ft +
  • Three Bedrooms +
  • Two Reception Rooms +
  • Enclosed Village Garden +
  • Driveway & Garage +
  • Prestigious Didsbury Location +
  • Walking Distance to Didsbury Village +

A TRADITIONAL SEMI-DETACHED HOME with WELL-PROPORTIONED ACCOMMODATION throughout and ATTRACTIVE GARDEN, located in the heart of Didsbury and within walking distance to Didsbury village, with an array of independent shops, café bars and restaurants, as well as being in the catchment for many local reputable schools. 970 sq ft

The accommodation which is in need of modernisation, comprises of; an entrance hall with stairs to the first floor and understairs storage.

To the front is the spacious living room with a bay window. There is a dining room to the rear of the property which enjoys views out over the garden. There is a spacious kitchen with ample base and wall units with breakfast bar. A door from the kitchen leads out to the garden.

The first floor reveals three well-proportioned bedrooms, with the second bedroom benefitting from bespoke fitted wardrobes. The property is served by a classic shower room.

The property is approached via a paved driveway providing off road parking and access to the detached garage. A gate to the back of the property leads through to the garden with an area of lawn with a paved border an abundance of mature shrubs and plants. There is a paved patio accessed from the kitchen which provides the perfect space for entertaining in the warmer months.

Freehold
Council Tax Band: C
Approx. 970 Sq Ft

Agent Details

Philip James Kennedy, Didsbury

0161 524 4262

Next Steps?

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