3 Bed Terraced House, Refurb/BRRR, Salford, M6 7EL, £200,000

Barrfield Road, Salford, M6 7EL - 18 views - 9 months ago

Sold STC
Refurb/BRRR
~218 m²
+4 photos

ValuationFair Value

Sold Prices£157.3K - £375K
Sold Prices/m²£1.8K/m² - £3.7K/m²

 

 

Square Metres

~218.30 m²
Price/m²£916/m²

Value Estimate

£200,000

 

 

End Value (After Refurb)

£502,596

Uplift in Value

+151%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£92,551

Bridging Loan Interest

£5,250

Total Cash In

£156,751

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£502,596

Agent Fees (1%)

£5,026

Bridging Loan

£150,000

Bridging Loan Interest

£5,250

Flip Profit

£190,819

Local Sold Prices

50 sold prices from £157.3K to £375K, average is £238.3K. £1.8K/m² to £3.7K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£290K02/230.05 mi4, Eastfield, Salford, Greater Manchester M6 7DY3
£225K03/210.05 mi12a, Chaseley Road, Salford, Greater Manchester M6 7DZ3
£250K03/240.05 mi8a, Chaseley Road, Salford, Greater Manchester M6 7DZ3
£164.6K12/200.12 mi33, Halstead Avenue, Salford, Greater Manchester M6 7EP3
£375K10/220.13 mi51, Chaplin Close, Salford, Greater Manchester M6 8FW3
£267K01/230.15 mi29, Castleway, Salford, Greater Manchester M6 7AL3
£230K10/220.15 mi47, Castleway, Salford, Greater Manchester M6 7AL3
£195K05/210.15 mi40, Denstone Road, Salford, Greater Manchester M6 7ER3
£175K02/210.16 mi14, Castleway, Salford, Greater Manchester M6 7AN3
£217.8K03/230.16 mi32, Castleway, Salford, Greater Manchester M6 7AN3
£267.5K11/210.18 mi32, Trenant Road, Salford, Greater Manchester M6 7ES3
£215K04/210.18 mi25, Trenant Road, Salford, Greater Manchester M6 7ES3
£304K12/230.18 mi28, Trenant Road, Salford, Greater Manchester M6 7ES3
£260K10/220.2 mi44, Longmead Road, Salford, Greater Manchester M6 7EU3
£260K11/220.2 mi46, Castleway, Salford, Greater Manchester M6 7DW3
£250K08/230.2 mi18, Longmead Road, Salford, Greater Manchester M6 7EU3
£265K10/220.21 mi6, Castleway, Salford, Greater Manchester M6 7DW3
£215K02/210.22 mi20, Denstone Road, Salford, Greater Manchester M6 7FG3
£230K01/210.23 mi52, Doveleys Road, Salford, Greater Manchester M6 7FT3
£230K06/230.23 mi44, Doveleys Road, Salford, Greater Manchester M6 7FT3
£245K07/240.24 mi53, Eccles Old Road, Salford, Greater Manchester M6 8RF3
£185.5K06/210.24 mi49, Eccles Old Road, Salford, Greater Manchester M6 8RF3
£290K03/230.25 mi49, Moorfield Road, Salford, Greater Manchester M6 7EY3
£225K11/230.25 mi67, Moorfield Road, Salford, Greater Manchester M6 7EY3
£325K12/220.25 mi43, Moorfield Road, Salford, Greater Manchester M6 7EY3
£325K06/210.29 mi46, Manor Road, Salford, Greater Manchester M6 8QN3
£280K03/210.31 mi2, Sorrel Bank, Salford, Greater Manchester M6 7DH3
£180.5K09/220.32 mi9, Summerville Road, Salford, Greater Manchester M6 7HG3
£157.3K04/210.32 mi31, Summerville Road, Salford, Greater Manchester M6 7HG3
£238.5K11/220.32 mi14b, Moorfield Road, Salford, Greater Manchester M6 7QD3
£212K04/240.32 mi28, Brentwood, Salford, Greater Manchester M6 8RJ3
£280K01/210.32 mi42, Moorfield Road, Salford, Greater Manchester M6 7QD3
£247K10/200.32 mi22, Moorfield Road, Salford, Greater Manchester M6 7QD3
£225K05/210.35 mi21, Sandy Lane, Salford, Greater Manchester M6 8RB3
£238K03/230.35 mi14, Greenbank Road, Salford, Greater Manchester M6 8RG3
£250K08/230.35 mi11, Greenbank Road, Salford, Greater Manchester M6 8RG3
£221K05/230.35 mi132, Seedley Terrace, Salford, Greater Manchester M6 8RN3
£251K09/210.36 mi5, Alresford Road, Salford, Greater Manchester M6 7RF3
£285K07/230.36 mi1, Alresford Road, Salford, Greater Manchester M6 7RF3
£270K11/200.36 mi12, Alresford Road, Salford, Greater Manchester M6 7RF3
£250K11/210.36 mi37, Acresfield Road, Salford, Greater Manchester M6 7GE3
£200K02/210.36 mi303, Langworthy Road, Salford, Greater Manchester M6 7AG3
£166K01/240.37 mi258, Langworthy Road, Salford, Greater Manchester M6 7AQ3
£266.1K06/210.37 mi11, Sumner Road, Salford, Greater Manchester M6 7QH3
£200K01/230.37 mi31, Sumner Road, Salford, Greater Manchester M6 7GJ3
£250K09/220.38 mi3, Woodfield Road, Salford, Greater Manchester M6 7QE3
£195.5K11/200.38 mi1, Castledene Avenue, Salford, Greater Manchester M6 8RY3
£225K09/210.39 mi84, Elleray Road, Salford, Greater Manchester M6 7GZ3
£220K06/210.4 mi13, Penelope Road, Salford, Greater Manchester M6 7GH3
£210K08/210.4 mi3, Penelope Road, Salford, Greater Manchester M6 7GH3

Local Rents

49 rents from £659/mo to £3.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£65903/250.11 mi-3
£1,40012/240.12 mi-3
£1,15005/240.12 miHalstead Avenue, Salford3
£1,65006/240.14 mi-3
£1,65005/240.14 miChaplin Close, Manchester, M63
£1,56005/240.15 mi20 Peacock Avenue, Salford, M6 7FP3
£1,19505/240.18 miCastleway, Salford3
£1,75505/240.22 miNorbury Avenue, Salford, M6 7EG3
£1,30006/240.24 miCaldy Road, Salford3
£1,30003/250.34 mi-3
£1,30005/240.35 miGreenbank Road, Salford, Greater Manchester, M63
£1,20005/240.35 miGreenbank Road, Langworthy, Salford, M63
£1,30003/250.35 mi-3
£1,30005/240.37 miElleray Road, Salford3
£1,45004/250.39 mi-3
£1,29505/240.41 miDuffield Road, Salford3
£3,64502/240.41 mi-3
£1,40006/240.41 mi-3
£1,40006/240.41 mi-3
£1,40005/240.41 miElleray Road, Salford, M63
£1,40006/240.41 miElleray Road, Salford, M63
£1,30005/240.42 miLinden Avenue, Linden Avenue, Salford, M63
£1,09504/250.46 mi-3
£2,90005/240.49 mi-3
£1,39505/240.5 miEdumnd Street, Salford M63
£1,19505/240.5 miBank Lane, Salford, M63
£1,90006/240.51 mi-3
£1,60006/240.51 mi-3
£1,60004/250.51 mi-3
£1,20001/250.52 mi-3
£1,20002/240.53 mi-3
£1,20002/240.53 mi-3
£1,10004/250.54 mi-3
£1,69502/250.55 mi-3
£1,15005/240.57 miGrange Street, Salford3
£1,69506/240.58 mi-3
£1,15004/250.58 mi-3
£1,88505/240.58 mi30 Saxby Street, Salford, M6 7RG3
£1,10012/240.59 mi-3
£3,50001/250.59 mi-3
£1,65004/250.59 mi-3
£1,47505/240.59 miSpringwell Close, Salford, M63
£1,20005/240.6 miWhitegate Drive, Seedley, Salford, M53
£97504/250.6 mi-3
£1,25012/240.61 mi-3
£1,25006/240.61 miMalvern Drive, Swinton, Manchester, M273
£1,17504/250.62 mi-3
£1,75505/240.62 miOsborne Street, Salford, M6 5LG3
£1,45001/250.62 mi-3

Local Area Statistics

Population in M6

31,268

Population in Salford

88,697

Town centre distance

0.69 miles away

Nearest school

0.20 miles away

Nearest train station

0.93 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+58%

Property History

Listed for £200,000

August 6, 2024

Floor Plans

Description

  • Calling Student Landlords +
  • Three Self Contained One Bedroom Flats +
  • Ideally Located close to Salford University +
  • Courtyard to the rear +
  • Requires Refurbishment +

CALLING ALL L.A.S ACCREDITED STUDENT LANDLORDS. An opportunity to purchase this end terrace property that is in need of some updating. Situated in Salford, this property is close to the Salford University, local amenities and good transport networks. The accommodation has been split into three One Bedroom Flats which are set over three floors. Each flat briefly comprises of a living area, bedroom, bathroom and kitchen area. Any offers will be forwarded to the local authority for Enforcement Checks. The property has no onward chain and would be a purchase for refurbishment.

Agent Details

Plumlife Move, Cheadle Hulme

0161 524 2498

Next Steps?

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