3 Bed Semi-Detached House, Refurb/BRRR, Manchester, M12 5AS, £240,000

1 Assissi Gardens, Manchester, Greater Manchester, M12 5AS - 12 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 8%
74 m²
+10 photos

ValuationOvervalued

Sold Prices£84.1K - £260K
Sold Prices/m²£973/m² - £3.6K/m²

 

 

Square Metres

74 m²
Price/m²£3.2K/m²

Value Estimate

£151,844

 

 

End Value (After Refurb)

£191,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Refurb Costs

£31,290

Bridging Loan Interest

£6,300

Total Cash In

£107,740

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£191,750

Mortgage (After Refinance)

£143,813

Mortgage LTV

75%

Cash Left In

£107,740

Equity

£47,938

Rent Range

£1,200 - £3,195

Rent Estimate

£1,646

Running Costs/mo

£948

Cashflow/mo

£698

Cashflow/yr

£8,371

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £84.1K to £260K, average is £173K. £973/m² to £3.6K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£193.5K03/210.09 mi54, Gabriel Close, Manchester, Greater Manchester M12 5XH3
£175K04/210.1 mi28, Blackwin Street, Manchester, Greater Manchester M12 5LD3
£135K10/210.1 mi34, Blackwin Street, Manchester, Greater Manchester M12 5LD3
£185K09/220.1 mi30, Blackwin Street, Manchester, Greater Manchester M12 5LD3
£165K03/210.1 mi38, Blackwin Street, Manchester, Greater Manchester M12 5LD3
£193K06/230.1 mi34, Blackwin Street, Manchester, Greater Manchester M12 5LD3
£200K08/230.22 mi22, Belle Vue Street, Manchester, Greater Manchester M12 5JG3
£195K02/220.22 mi77, Belle Vue Street, Manchester, Greater Manchester M12 5PW3
£161.1K09/210.28 mi80, Crossley Street, Manchester, Greater Manchester M18 8BA3
£152K03/210.31 mi4, Leach Street, Manchester, Greater Manchester M18 8AL3
£158K06/210.32 mi14, Queensland Road, Manchester, Greater Manchester M18 8BL3
£190K03/240.35 mi4, Vasser Road, Manchester, Greater Manchester M18 8BN3
£190K05/210.42 mi26, Abbotsbury Close, Manchester, Greater Manchester M12 5EQ3
£235K05/240.42 mi26, Abbotsbury Close, Manchester, Greater Manchester M12 5EQ3
£84.1K01/210.44 mi22, Bartlett Street, Manchester, Greater Manchester M11 2EU3
£90K08/210.46 mi24, Taylor Street, Manchester, Greater Manchester M18 8YE3
£250K07/220.47 mi17, Beastow Road, Manchester, Greater Manchester M12 5GS3
£160K04/240.47 mi28, Buttress Street, Manchester, Greater Manchester M18 8EG3
£260K04/230.56 mi7, Tarrington Close, Manchester, Greater Manchester M12 4TB3
£180K02/230.57 mi30, Goring Avenue, Manchester, Greater Manchester M18 8WW3
£107K10/200.59 mi135, Clayton Lane, Manchester, Greater Manchester M11 2AS3
£110K05/210.59 mi78, Mount Road, Manchester, Greater Manchester M18 7BP3
£170K03/240.61 mi2, Heptonstall Walk, Manchester, Greater Manchester M18 8LF3
£173K09/230.61 mi36, Kirkham Avenue, Manchester, Greater Manchester M18 8WN3
£173K05/240.61 mi562, Gorton Lane, Manchester, Greater Manchester M18 8EH3
£235K12/220.62 mi2, Hampden Crescent, Manchester, Greater Manchester M18 8LE3
£180K09/230.62 mi37, Seddon Avenue, Manchester, Greater Manchester M18 8NW3
£173K06/240.62 mi31, Seddon Avenue, Manchester, Greater Manchester M18 8NW3
£170K09/230.62 mi3, Seddon Avenue, Manchester, Greater Manchester M18 8NW3
£140K04/230.62 mi25, Seddon Avenue, Manchester, Greater Manchester M18 8NW3
£125K03/230.62 mi71, Meech Street, Manchester, Greater Manchester M11 2JJ3
£152.5K08/210.63 mi11, Chatsworth Road, Manchester, Greater Manchester M18 7AF3
£100K04/210.63 mi39, Meech Street, Manchester, Greater Manchester M11 2JJ3
£117K11/200.63 mi8, Reed Street, Manchester, Greater Manchester M18 8JT3
£240K08/230.63 mi7, Thoralby Close, Manchester, Greater Manchester M12 4NW3
£185K11/200.63 mi220, Stanley Grove, Manchester, Greater Manchester M18 7DA3
£165K04/210.63 mi238, Stanley Grove, Manchester, Greater Manchester M18 7DA3
£185K02/230.64 mi18, Seddon Avenue, Manchester, Greater Manchester M18 8NW3
£155K11/200.64 mi2, Reynolds Drive, Manchester, Greater Manchester M18 8NJ3
£218K01/230.65 mi1, Reynolds Drive, Manchester, Greater Manchester M18 8NJ3
£250K11/220.66 mi20, Oadby Close, Manchester, Greater Manchester M12 4WJ3
£201K04/230.66 mi6, Barleywood Drive, Manchester, Greater Manchester M11 3LP3
£170K12/220.66 mi19, Glencastle Road, Manchester, Greater Manchester M18 7QH3
£127K06/230.66 mi12, Glencastle Road, Manchester, Greater Manchester M18 7QH3
£140K03/210.66 mi2, Glencastle Road, Manchester, Greater Manchester M18 7QH3
£155K07/230.66 mi4, Glencastle Road, Manchester, Greater Manchester M18 7QH3
£210K01/240.67 mi96, Mount Road, Manchester, Greater Manchester M18 7BQ3
£184K08/210.67 mi249, Chapman Street, Manchester, Greater Manchester M18 8NG3
£198K02/210.67 mi20, Oadby Close, Manchester, Greater Manchester M12 4WJ3
£198K02/210.67 mi20, Oadby Close, Manchester, Greater Manchester M12 4WJ3

Local Rents

38 rents from £1.2K/mo to £3.2K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,45002/250.14 mi-3
£1,45005/240.22 miBelle Vue Street, Manchester, M123
£1,45005/240.22 mi-3
£1,45005/240.22 mi-3
£2,99512/240.22 mi-3
£3,19501/250.22 mi-3
£1,50001/240.24 mi-3
£1,50003/250.24 mi-3
£1,43003/250.27 mi-3
£1,40001/250.27 mi-3
£1,20006/240.32 miYale Road, Manchester3
£2,00005/240.4 mi-3
£1,40003/250.44 mi-3
£1,30005/240.47 miBeastow Road, West Gorton, Manchester3
£1,80005/240.5 mi-3
£1,80005/240.5 mi-3
£1,60012/240.5 mi-3
£1,80005/240.5 miScenic Way, Manchester, M183
£1,60005/240.5 miScenic Way, Manchester, M183
£1,60005/240.5 miScenic Way, Manchester, M183
£1,65005/240.51 miFairground Road, Manchester, Greater Manchester, M183
£1,75005/240.52 miScenic Street, Belle Vue3
£1,60005/240.52 miScenic Street, Belle Vue3
£2,00005/240.53 miScenic Street, Manchester, M183
£1,90012/240.54 mi-3
£1,80002/250.54 mi-3
£1,89003/250.54 mi-3
£1,25005/240.56 mi18 Tarrington Close, Manchester, Greater Manchester, M123
£1,65005/240.57 miFairground Road, Belle Vue, Manchester, M183
£1,40006/240.58 miWhitehurst Drive, Manchester, M113
£1,50003/250.59 mi-3
£1,50012/240.59 mi-3
£1,70005/240.59 mi-3
£1,70005/240.59 mi-3
£1,50012/240.61 mi-3
£1,50002/250.61 mi-3
£1,30005/240.61 miKylemore Way, Beswick, Manchester3
£1,50002/250.62 mi-3

Local Area Statistics

Population in M12

15,739

Population in Manchester

920,095

Town centre distance

2.76 miles away

Nearest school

0.10 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+22%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £240,000

August 13, 2024

Sold for £35,000

2002

Sold for £14,500

1997

Sold for £45,000

1995

Floor Plans

Description

  • Three Bedroom Semi +
  • Large Wrap Around Garden +
  • Gated Parking for 2 Cars +
  • Double Glazed +
  • Gas Central Heated +
  • Some Modernisation Required +
  • EPC C / Council Tax Band B +

Welcome to Assisi Gardens, Manchester - a charming semi-detached house with great potential! This property boasts a living room, open plan kitchen diner, 3 bedrooms, and a bathroom, providing ample space for a comfortable living experience for the whole family. Situated in a cul-de-sac location, this house offers gated parking for 2 vehicles, a valuable asset in a bustling city like Manchester. While the property is in need of modernisation, this presents an exciting opportunity for you to put your personal touch on the space and create the home of your dreams. There is a large wrap around garden, perfect for them after work BBQS!

With good transport links nearby, commuting to work or exploring the vibrant city of Manchester is a breeze. Additionally, the proximity to Gorton Monastery adds a touch of history and culture to the neighbourhood, perfect for those who appreciate architectural beauty.

Porch -

Living Room - 4.52 x 3.92 (14'9" x 12'10") - Laminate flooring. Ceiling light. Electric fire. Under stairs storage. Radiator.

Kitchen/Diner - 4.79 x 2.80 (15'8" x 9'2") - Range of wall and base units with worktops over. Sink with mixer tap. Cooker with hob and extractor over. Space for fridge/freezer, washing machine and dryer. Combi boiler. Access to garden. Radiator.

Bedroom One - 4.28 2.73 (14'0" 8'11") - Fitted carpet. Ceiling. Radiator. Telephone point.

Bedroom Two - 3.09 x 2.49 (10'1" x 8'2") - Fitted carpet. Ceiling. Radiator.

Bedroom Three - 2.84 x 1.99 (9'3" x 6'6") - Fitted carpet. Ceiling. Radiator.

Bathroom - Bath with electric shower over. Low level W/C. Sink with 2 tap holes. Radiator. Vinyl flooring.

Externally - Driveway to the rear. Wrap around gardens.

Additional Info - Freehold.

Agent Details

Jordan Fishwick, Manchester

0161 524 3050

Next Steps?

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