2 Bed Terraced House, Refurb/BRRR, Manchester, M9 7AT, £135,000

Hall Moss Road, Blackley, Manchester, M9 7AT - 22 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~62 m²
+5 photos

ValuationOvervalued

Sold Prices£90K - £325K
Sold Prices/m²£1.3K/m² - £4.2K/m²

 

 

Square Metres

~62 m²
Price/m²£2.2K/m²

Value Estimate

£108,257

 

 

End Value (After Refurb)

£133,446

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Refurb Costs

£26,286

Bridging Loan Interest

£3,544

Total Cash In

£70,579

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£133,446

Mortgage (After Refinance)

£100,084

Mortgage LTV

75%

Cash Left In

£70,579

Equity

£33,361

Rent Range

£850 - £1,250

Rent Estimate

£997

Running Costs/mo

£636

Cashflow/mo

£361

Cashflow/yr

£4,327

ROI

6%

Gross Yield

9%

Local Sold Prices

49 sold prices from £90K to £325K, average is £142.5K. £1.3K/m² to £4.2K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£132K04/210.14 mi2, Grange Drive, Manchester, Greater Manchester M9 7AL2
£115K04/210.18 mi80, Benmore Road, Manchester, Greater Manchester M9 6FW2
£265K12/210.33 mi115, Victoria Avenue East, Manchester, Greater Manchester M9 6HE2
£136K06/230.42 mi5, Lindside Walk, Manchester, Greater Manchester M9 6DH2
£142.5K07/230.42 mi44, Belthorne Avenue, Manchester, Greater Manchester M9 7DD2
£305K06/210.59 mi3, Upton Close, Middleton, Manchester, Greater Manchester M24 1PG2
£325K05/230.61 mi7, Elleray Road, Middleton, Manchester, Greater Manchester M24 1NY2
£165K08/230.61 mi5, Wellhouse Drive, Manchester, Greater Manchester M40 5JH2
£212K08/230.65 mi1066, Rochdale Road, Manchester, Greater Manchester M9 7EQ2
£225K03/210.7 mi1, Moss Lane, Middleton, Manchester, Greater Manchester M24 1WY2
£142K11/200.71 mi9, Lowlands Close, Middleton, Manchester, Greater Manchester M24 1JL2
£166K10/200.72 mi8, Coulsden Drive, Manchester, Greater Manchester M9 6AP2
£245K04/230.72 mi35, Coulsden Drive, Manchester, Greater Manchester M9 6AP2
£150K11/200.72 mi1, Mossylea Close, Middleton, Manchester, Greater Manchester M24 1UA2
£125K10/200.73 mi1, Evesham Walk, Middleton, Manchester, Greater Manchester M24 1PW2
£190K09/210.73 mi86, Evesham Road, Middleton, Manchester, Greater Manchester M24 1PZ2
£220K11/200.75 mi8, Kerr Street, Manchester, Greater Manchester M9 6PJ2
£158K05/230.77 mi108, Andover Avenue, Middleton, Manchester, Greater Manchester M24 1JW2
£259K11/210.77 mi12, Polefield Road, Manchester, Greater Manchester M9 7FL2
£132K03/210.8 mi8, Floyer Road, Manchester, Greater Manchester M9 6RS2
£136K01/230.84 mi3, Andover Avenue, Middleton, Manchester, Greater Manchester M24 1JG2
£175K09/210.86 mi5, Gloucester Road, Middleton, Manchester, Greater Manchester M24 1HT2
£182.5K09/230.86 mi127, York Road West, Middleton, Manchester, Greater Manchester M24 1RE2
£161K05/230.87 mi20, Ashdown Avenue, Manchester, Greater Manchester M9 6PR2
£158K12/220.87 mi13, Ethel Avenue, Manchester, Greater Manchester M9 6RR2
£128.5K01/210.88 mi36, Beardwood Road, Manchester, Greater Manchester M9 6RW2
£110K08/230.88 mi17, Beardwood Road, Manchester, Greater Manchester M9 6RW2
£165K09/230.89 mi10, Lincoln Road, Middleton, Manchester, Greater Manchester M24 1RH2
£115K03/230.9 mi22, Gillford Avenue, Manchester, Greater Manchester M9 4HD2
£197K01/210.9 mi99, Hardfield Road, Middleton, Manchester, Greater Manchester M24 1JD2
£205K09/230.9 mi83, Hardfield Road, Middleton, Manchester, Greater Manchester M24 1JD2
£90K10/210.9 mi26, Cecil Road, Manchester, Greater Manchester M9 6RQ2
£165.5K06/230.91 mi5, Rushberry Avenue, Manchester, Greater Manchester M40 0GL2
£138K04/210.91 mi1, York Road East, Middleton, Manchester, Greater Manchester M24 1RJ2
£242.5K11/220.91 mi6, Warwick Road, Middleton, Manchester, Greater Manchester M24 1HX2
£135K02/230.92 mi3, Joule Street, Manchester, Greater Manchester M9 4FE2
£110K07/230.93 mi3, Nepaul Road, Manchester, Greater Manchester M9 4EA2
£175.5K03/230.94 mi160, Old Road, Manchester, Greater Manchester M9 8BR2
£140K01/230.94 mi7, Romney Street, Manchester, Greater Manchester M40 9JY2
£116K10/230.96 mi1, Ivy Street, Manchester, Greater Manchester M40 9LN2
£113K05/230.96 mi30, Stovell Road, Moston, Manchester, Greater Manchester M40 9LL2
£105K09/230.96 mi31, Stovell Road, Moston, Manchester, Greater Manchester M40 9LL2
£132.5K09/230.96 mi5, Stovell Road, Moston, Manchester, Greater Manchester M40 9LL2
£172.5K04/230.96 mi2, St Margarets Road, Manchester, Greater Manchester M40 0JE2
£137.5K03/210.96 mi116, Old Road, Manchester, Greater Manchester M9 8BS2
£93K11/200.97 mi17, Beverley Street, Manchester, Greater Manchester M9 4ED2
£110K06/210.98 mi73, Hinde Street, Manchester, Greater Manchester M40 9LH2
£118K06/210.99 mi37, The Meadows, Middleton, Manchester, Greater Manchester M24 1TA2
£100K05/230.99 mi8, Athlone Avenue, Manchester, Greater Manchester M40 9LT2

Local Rents

14 rents from £850/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,00008/240.1 miFreshfields, Manchester, M92
£97505/240.12 miFreshfields, Spindletree Avenue, Manchester, M92
£1,10007/240.12 mi-2
£1,25003/250.12 mi-2
£85005/240.21 miGreetland Drive, Blackley2
£1,05005/240.47 miSycamore Road, Blackley, Manchester, M9 7GN2
£1,15008/240.47 miSycamore Road, Blackley, Manchester, M9 7GN2
£1,20001/250.52 mi-2
£1,20005/240.53 miHemlock Way, Greater Manchester, M92
£87505/240.56 miAinsbrook Avenue, Manchester2
£95008/240.59 miApt 6, 16 Kilmaine Avenue, Manchester, Greater Manchester, M9 7FN2
£1,00003/250.59 mi-2
£89505/240.6 mi16 Kilmaine Avenue, Manchester, M92
£92505/240.61 miEastgate, Manchester, M92

Local Area Statistics

Population in M9

39,412

Population in Manchester

920,095

Town centre distance

5.44 miles away

Nearest school

0.10 miles away

Nearest train station

1.04 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+45%

Sales demand

Seller's market

Capital growth (5yrs)

+60%

Property History

Listed for £135,000

August 2, 2024

Floor Plans

Description

  • FREEHOLD UPON COMPLETION +
  • EPC D +
  • COUNCIL TAX BAND A +
  • REQUIRING SOME MODERNISATION +
  • OFF-ROAD PARKING +
  • GARDENS +
  • NO CHAIN +
  • CONVENIENT LOCATION +

NO CHAIN. COMPETITIVELY PRICED. Two bedroom town house in a popular and convenient position within the Blackley district, just over 4 miles north of Manchester city centre. Requires modernisation, but with some improvement it could make an excellent home for the young family. EPC D

Competitively priced and offered for sale with no chain, this two bedroom town house is situated in a popular and convenient position within the Blackley district, just over 4 miles north of Manchester city centre.

The property would benefit from some modernisation, but with some improvement it could make an excellent home for the young family, or the buy-to-let investment.

The accommodation briefly comprises; lounge, dining room, kitchen, landing, two bedrooms and bathroom.

Externally, there is off-road parking for a small car to the front, whilst to the rear there is a pleasant, enclosed garden.

The property is well placed for access to an excellent range of amenities and facilities including shops, supermarkets, schools, North Manchester General Hospital, North Manchester Sixth Form College and Library. Boggart Hole Clough is just a short walk away. Manchester, Middleton and Oldham centres are all easily accessible, whilst the M60 is just a short distance away.

We understand from the seller that the property will be sold at 100% of the value and as a freehold property.

Agent Details

Ryder & Dutton, Middleton

0161 524 2528

Next Steps?

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

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