2 Bed Terraced House, Refurb/BRRR, Manchester, M14 5TX, £349,950

Conyngham Road, Victoria Park, M14 5TX - 3 views - 8 months ago

Leasehold
Refurb/BRRR
~68 m²
+13 photos

ValuationOvervalued

Sold Prices£123K - £336K
Sold Prices/m²£1K/m² - £4.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.1K/m²

Value Estimate

£170,277

 

 

End Value (After Refurb)

£333,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,488

Stamp Duty & Legal Fees

£16,696

Refurb Costs

£28,709

Bridging Loan Interest

£9,186

Total Cash In

£143,829

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£333,750

Mortgage (After Refinance)

£250,313

Mortgage LTV

75%

Cash Left In

£143,829

Equity

£83,438

Rent Range

£875 - £2,200

Rent Estimate

£1,183

Running Costs/mo

£1,300

Cashflow/mo

£-117

Cashflow/yr

£-1,399

Gross Yield

4%

Local Sold Prices

50 sold prices from £123K to £336K, average is £175K. £1K/m² to £4.1K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£336K10/220.15 mi5, Redclyffe Avenue, Manchester, Greater Manchester M14 5RG2
£220K06/210.17 mi89, Schuster Road, Rusholme, Manchester, Greater Manchester M14 5LX2
£267K12/220.17 mi35, Schuster Road, Manchester, Greater Manchester M14 5LX2
£227K02/230.31 mi18, Birch Polygon, Manchester, Greater Manchester M14 5HX2
£190K10/230.36 mi9, Eva Street, Manchester, Greater Manchester M14 5NX2
£158K02/210.37 mi66, Longford Place, Manchester, Greater Manchester M14 5GR2
£200K12/220.41 mi39, Viscount Street, Manchester, Greater Manchester M14 5UH2
£190K07/220.42 mi19, Greton Close, Manchester, Greater Manchester M13 0YR2
£195K02/230.43 mi520, Claremont Road, Manchester, Greater Manchester M14 5WA2
£173.5K12/200.5 mi37, Markfield Avenue, Manchester, Greater Manchester M13 9AX2
£128K03/210.54 mi16, Brunt Street, Manchester, Greater Manchester M14 4BD2
£155K09/210.57 mi29, Heald Avenue, Manchester, Greater Manchester M14 4HH2
£155K09/210.57 mi29, Heald Avenue, Manchester, Greater Manchester M14 4HH2
£175K11/220.57 mi50, Heald Avenue, Manchester, Greater Manchester M14 4HH2
£184K09/210.57 mi88, Ealing Avenue, Manchester, Greater Manchester M14 5WF2
£190K03/210.57 mi79, Ealing Avenue, Manchester, Greater Manchester M14 5WF2
£174.9K11/200.57 mi86, Ealing Avenue, Manchester, Greater Manchester M14 5WF2
£157K09/210.58 mi50, Parkfield Avenue, Manchester, Greater Manchester M14 4FZ2
£157K09/210.58 mi50, Parkfield Avenue, Manchester, Greater Manchester M14 4FZ2
£215K11/220.6 mi18, Torquay Close, Manchester, Greater Manchester M13 9DJ2
£185K01/230.6 mi31, South Street, Longsight, Manchester, Greater Manchester M12 4PN2
£140K06/210.6 mi3, South Street, Longsight, Manchester, Greater Manchester M12 4PN2
£155K02/230.62 mi44, Carnforth Street, Manchester, Greater Manchester M14 7PD2
£140K05/210.62 mi38, Lowestoft Street, Manchester, Greater Manchester M14 7PU2
£220K11/230.62 mi162, Heald Place, Manchester, Greater Manchester M14 5WJ2
£160K07/230.63 mi59, Crofton Street, Rusholme, Manchester, Greater Manchester M14 7WD2
£196K11/230.66 mi109, Parkfield Street, Manchester, Greater Manchester M14 7PT2
£177K08/210.66 mi127, Parkfield Street, Manchester, Greater Manchester M14 7PT2
£135K12/200.67 mi3, Chilworth Street, Manchester, Greater Manchester M14 7PL2
£123K11/200.67 mi25, Chilworth Street, Manchester, Greater Manchester M14 7PL2
£165K04/230.68 mi10, Rawcliffe Street, Manchester, Greater Manchester M14 7NH2
£146K11/200.68 mi38, Rawcliffe Street, Manchester, Greater Manchester M14 7NH2
£175K09/230.69 mi16, Edlin Close, Manchester, Greater Manchester M12 4WG2
£185K09/230.7 mi3, Worthing Street, Manchester, Greater Manchester M14 7PR2
£145K02/210.7 mi15, Worthing Street, Manchester, Greater Manchester M14 7PR2
£162K12/210.71 mi3, Carlton Avenue, Rusholme, Manchester, Greater Manchester M14 7WL2
£169.5K11/200.72 mi54, Yew Tree Road, Manchester, Greater Manchester M14 7PP2
£163.5K07/210.72 mi60, Yew Tree Road, Manchester, Greater Manchester M14 7PP2
£190K04/220.73 mi3, Ipswich Walk, Manchester, Greater Manchester M12 4UQ2
£220K10/230.75 mi18, Roker Avenue, Manchester, Greater Manchester M13 0TP2
£168K11/200.77 mi56, Thornton Road, Manchester, Greater Manchester M14 7WT2
£220K06/230.77 mi32, Thornton Road, Manchester, Greater Manchester M14 7WT2
£174K07/210.77 mi69, Thornton Road, Manchester, Greater Manchester M14 7NU2
£182K11/200.77 mi9, Thornton Road, Manchester, Greater Manchester M14 7NU2
£143K01/210.77 mi62, Thornton Road, Manchester, Greater Manchester M14 7WT2
£202.7K10/230.78 mi10, Rosford Avenue, Manchester, Greater Manchester M14 7BW2
£165K11/200.78 mi76, Carlton Avenue, Rusholme, Manchester, Greater Manchester M14 7NL2
£140K07/230.78 mi53, Horton Road, Manchester, Greater Manchester M14 7QB2
£224K07/230.78 mi55, Horton Road, Manchester, Greater Manchester M14 7QB2
£185K01/230.78 mi6, Horton Road, Manchester, Greater Manchester M14 7GB2

Local Rents

50 rents from £875/mo to £2.2K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,30005/240.05 mi-2
£1,30005/240.05 mi-2
£1,30002/250.05 mi-2
£1,00005/240.09 miHope Road, Manchester, M142
£1,00005/240.09 miHope Road, Manchester, M142
£1,35003/250.1 mi-2
£1,10005/240.1 miAshburne House, Rusholme, M142
£1,20005/240.11 mi-2
£1,05006/240.12 miFitzwilliam Court, Anson Road, Victoria Park, Manchester, M142
£1,15005/240.13 miUpper Park Road, Manchester, Greater Manchester, M142
£1,30005/240.13 miEllerslie Court, Upper Park Road, M142
£1,20005/240.14 miSchuster Road, Victoria Park, M142
£1,20005/240.14 miHadfield Close, Fallowfield, Manchester, M142
£1,40005/240.14 miManchester , M142
£1,29506/240.16 miDaisy Bank Road, Victoria Park, Manchester2
£95003/250.16 mi-2
£95003/250.16 mi-2
£99506/240.17 mi-2
£99505/240.17 miNew Carfax Court, Manchester, M142
£1,25005/240.17 miSchuster Road, Manchester, Greater Manchester, M142
£95005/240.18 mi-2
£1,20003/250.19 mi-2
£1,20001/250.21 mi-2
£1,20003/250.25 mi-2
£2,20003/250.25 mi-2
£1,35005/240.25 mi-2
£1,35003/250.25 mi-2
£1,20005/240.26 miFairfield Court, Manchester, M142
£1,20006/240.26 miFairfield Court, Manchester, M142
£1,20012/240.26 mi-2
£1,10006/240.26 mi-2
£1,10005/240.26 miFlat 12 Venetian Villas, Hathersage Road, Manchester, M13 0FE2
£1,10002/240.31 mi-2
£1,45012/240.31 mi-2
£1,20002/250.31 mi-2
£1,10001/250.31 mi-2
£1,25003/250.31 mi-2
£1,30005/240.31 miPark Crescent, Rusholme2
£1,20005/240.32 miMelrose Apartments, Hathersage Road, Manchester, M13 0HX2
£87505/240.32 miHathersage Road, Manchester, Greater Manchester, M132
£1,31705/240.33 miBirchfields Road, Victoria Park, Manchester2
£97505/240.33 miApartment 16 23, Laindon Road, Manchester2
£1,08305/240.35 miBirchfields Road, Rusholme, Manchester, M132
£1,00005/240.35 miWilmslow Road, Rusholme, Manchester, M142
£1,25005/240.36 miWheat Close, Chorlton on Medlock2
£99505/240.36 miPlymouth Grove, Manchester, M132
£1,25005/240.36 miRusholme Place, Manchester, M14 5TG2
£1,27505/240.36 miRusholme Place, Manchester, M14 5TG2
£1,25005/240.37 miRusholme Place, Manchester, M14 5TG2
£1,25005/240.37 miRusholme Place, Manchester, M14 5TG2

Local Area Statistics

Population in M14

52,853

Population in Manchester

920,095

Town centre distance

1.37 miles away

Nearest school

0.40 miles away

Nearest train station

1.03 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-42%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Listed for £349,950

July 25, 2024

Floor Plans

Description

  • An immaculately presented duplex apartment forming part of an attractive period conversion +
  • Offering a healthy 1100 sq ft of accommodation throughout +
  • Large living/dining room with a stunning bay fronted window and a modern refitted kitchen +
  • Two good sized double bedrooms and a stylish bathroom +
  • Private south facing sun terrace and secure gated parking +
  • Close to local amenities and excellent transport links and offered with No Vendor Chain +

A well appointed and proportioned two double bedroom duplex apartment having recently undertaken refurbishment and modernisation to boast stunning accommodation over two floors. Measuring an impressive 1100 SQFT and situated within a superb period conversion and located only moments from Manchester City Centre, local amenities and excellent transport links. Modern refitted kitchen, open plan bay fronted living/dining room. Two spacious double bedrooms and a contemporary three piece bathroom suite and a further large reception room. Secure gated parking, generous South facing communal gardens and access to a private sun terrace. Offered to the market with No Vendor Chain.

Internally the property comprises of; entrance hallway which leads to the stunning bay fronted living/dining room with delightful views over the well kept South facing communal gardens, a refitted modern kitchen with integrated appliances completes the ground floor.

To the lower ground floor there are two spacious double bedrooms, the principle bedrooms provides access to a private South facing sun terrace and also a separate spacious sitting room. A contemporary three piece bathroom suite serves both bedrooms.

The property benefited from secure gated parking and generous South facing communal gardens and is offered to the market with No Vendor Chain.

Agent Details

Gascoigne Halman, Didsbury

0161 524 3391

Next Steps?

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