2 Bed Terraced House, Refurb/BRRR, Manchester, M11 4EW, £45,000

Ben Street, Manchester, M11 4EW - 57 views - 7 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 14%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£40K - £214K
Sold Prices/m²£513/m² - £6.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£661/m²

Value Estimate

£46,350
BMV3%

 

 

End Value (After Refurb)

£124,860

Uplift in Value

+177%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£11,250

Stamp Duty & Legal Fees

£2,550

Refurb Costs

£28,800

Bridging Loan Interest

£1,181

Total Cash In

£45,531

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£124,860

Agent Fees (1%)

£1,249

Bridging Loan

£33,750

Bridging Loan Interest

£1,181

Flip Profit

£44,330

Local Sold Prices

50 sold prices from £40K to £214K, average is £131K. £513/m² to £6.2K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£118K04/210.06 mi66, Ranelagh Street, Manchester, Greater Manchester M11 4FX2
£93K03/210.09 mi65, Ilford Street, Manchester, Greater Manchester M11 4FL2
£94.5K11/200.18 mi40, Clayton Street, Manchester, Greater Manchester M11 4HA2
£185K08/230.21 mi7, Strathfield Drive, Manchester, Greater Manchester M11 4HB2
£130K09/210.27 mi149, Barrington Street, Manchester, Greater Manchester M11 4FB2
£107K11/200.27 mi177, Barrington Street, Manchester, Greater Manchester M11 4FB2
£157.5K02/230.27 mi201, Barrington Street, Manchester, Greater Manchester M11 4FB2
£115K09/230.27 mi189, Barrington Street, Manchester, Greater Manchester M11 4FB2
£110K03/230.27 mi193, Barrington Street, Manchester, Greater Manchester M11 4FB2
£110K02/210.29 mi174, Barrington Street, Manchester, Greater Manchester M11 4ED2
£130K09/230.29 mi166, Barrington Street, Manchester, Greater Manchester M11 4ED2
£206K08/230.33 mi27, Stuart Street, Manchester, Greater Manchester M11 4DU2
£200K02/230.35 mi20, Stuart Street, Manchester, Greater Manchester M11 4DN2
£135K01/240.36 mi35, Walsden Street, Manchester, Greater Manchester M11 4WJ2
£137.5K05/210.36 mi22, Walsden Street, Manchester, Greater Manchester M11 4WJ2
£140K10/230.36 mi37, Walsden Street, Manchester, Greater Manchester M11 4WJ2
£137.5K05/210.36 mi22, Walsden Street, Manchester, Greater Manchester M11 4WJ2
£175K02/230.36 mi28, Vale Street, Manchester, Greater Manchester M11 4WG2
£145K08/230.36 mi13, Stanton Street, Manchester, Greater Manchester M11 4NH2
£146K01/230.36 mi7, Stanton Street, Manchester, Greater Manchester M11 4NH2
£117.5K07/230.36 mi29, Stanton Street, Manchester, Greater Manchester M11 4NH2
£88K03/210.38 mi16, Tottington Street, Manchester, Greater Manchester M11 4WT2
£168K05/210.4 mi11, Stuart Street, Manchester, Greater Manchester M11 4DQ2
£137K10/230.4 mi9, Coatbridge Street, Manchester, Greater Manchester M11 4RL2
£175K06/230.44 mi36, North Road, Manchester, Greater Manchester M11 4NG2
£163K06/230.49 mi665, Ashton New Road, Manchester, Greater Manchester M11 4QJ2
£100K05/230.56 mi31, Powell Street, Clayton, Manchester, Greater Manchester M11 4GA2
£40K03/210.61 mi33, Stokes Street, Manchester, Greater Manchester M11 4SJ2
£99K10/200.62 mi70, Wilson Street, Openshaw, Manchester, Greater Manchester M11 2AZ2
£100K10/230.62 mi70, Wilson Street, Openshaw, Manchester, Greater Manchester M11 2AZ2
£125K04/210.63 mi30, Glenolden Street, Manchester, Greater Manchester M11 4PT2
£170K10/220.65 mi114, Seymour Road South, Manchester, Greater Manchester M11 4PS2
£150K08/230.66 mi14, Winslow Street, Manchester, Greater Manchester M11 2AY2
£122K11/220.66 mi1, Winslow Street, Manchester, Greater Manchester M11 2AY2
£110K11/230.66 mi19, Winslow Street, Manchester, Greater Manchester M11 2AY2
£85K02/210.69 mi28, Connie Street, Manchester, Greater Manchester M11 2JT2
£75K02/210.69 mi17, Connie Street, Manchester, Greater Manchester M11 2JT2
£126.5K09/210.7 mi17, Herne Street, Manchester, Greater Manchester M11 2AJ2
£138K11/210.7 mi15, Jobling Street, Manchester, Greater Manchester M11 3TA2
£175.8K07/230.71 mi28, Reading Close, Manchester, Greater Manchester M11 1UA2
£100K04/210.74 mi39, Meech Street, Manchester, Greater Manchester M11 2JJ2
£80K10/200.74 mi14, Timperley Street, Manchester, Greater Manchester M11 2JG2
£133.5K10/200.75 mi31, Reading Close, Manchester, Greater Manchester M11 1PF2
£132K07/210.76 mi469, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6JN2
£165K05/230.78 mi512, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6JW2
£135K03/210.79 mi31, Dargai Street, Manchester, Greater Manchester M11 4PW2
£125K08/230.79 mi51, Dargai Street, Manchester, Greater Manchester M11 4PW2
£91.8K11/200.79 mi10, Meech Street, Manchester, Greater Manchester M11 2JL2
£176.2K12/220.8 mi528, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6JQ2
£214K03/230.8 mi8, Walshaw Street, Manchester, Greater Manchester M11 3BF2

Local Rents

47 rents from £850/mo to £2.7K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20003/250.02 mi-2
£1,20002/250.02 mi-2
£87512/240.06 mi-2
£97505/240.08 mi-2
£1,00003/250.08 mi-2
£95001/240.08 mi-2
£95005/240.26 mi3 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£97506/240.26 mi3 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£1,09505/240.26 mi3 Stillwater Drive, Sportcity , Manchester, M11 4TE2
£92505/240.26 miStillwater Drive,Clayton,Manchester,M11 4TE2
£95005/240.27 mi5 Stillwater Drive, Openshaw, Sports City, Manchester, M112
£97505/240.27 mi5 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£1,25012/240.29 mi-2
£1,00005/240.29 miStillwater Drive, Stillwater Drive, Manchester, M112
£1,00006/240.29 miStillwater Drive, Stillwater Drive, Manchester, M112
£97505/240.29 miStillwater Drive, SportCity, Manchester, M112
£95005/240.29 miStillwater Drive, Sports City, Manchester, M112
£97506/240.29 mi1 Stillwater Drive, Openshaw, Sports City, Manchester, M112
£1,05006/240.29 miStillwater Drive, Sports City, Macnhester, M112
£1,05006/240.29 miStillwater Drive, 5 Stillwater Drive, Manchester2
£95012/240.3 mi-2
£89505/240.3 mi-2
£1,10006/240.3 miThe Drum, Stillwater Drive, M112
£2,70012/240.32 mi-2
£2,10001/250.32 mi-2
£1,30005/240.33 miWesham Road, Manchester, M112
£1,30012/240.33 mi-2
£1,30012/240.33 mi-2
£1,10005/240.34 mi2 The Waterfront, Sports City, Openshaw, Manchester, M112
£1,15005/240.34 mi2 The Waterfront, Sports City, Openshaw, Manchester, M112
£1,10005/240.34 miThe Waterfront, Openshaw, Manchester, M112
£1,90005/240.35 mi-2
£1,30003/250.35 mi-2
£1,05012/240.36 mi-2
£92503/250.36 mi-2
£1,10012/240.38 mi-2
£1,10003/250.4 mi-2
£1,20001/240.4 mi-2
£1,10005/240.4 miApt 10, 2 Stuart Street, Clayton M11 4DQ2
£1,00005/240.4 miThe Waterfront, Manchester, M112
£1,05005/240.41 miThe Drum, 2 Stuart Street, Sport City2
£1,20012/240.41 mi-2
£97502/250.41 mi-2
£99505/240.51 miAshton New Road, Manchester, M112
£1,02503/250.53 mi-2
£85004/240.56 mi-2
£99505/240.61 miStokes Street, Manchester, M112

Local Area Statistics

Population in M11

20,273

Population in Manchester

920,095

Town centre distance

3.34 miles away

Nearest school

0.10 miles away

Nearest train station

0.97 miles away

 

 

Rental growth (12m)

+112%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £45,000

August 20, 2024

Floor Plans

Description

  • FOR SALE BY AUCTION: Terms and conditions apply. +
  • Two bed end terrace +
  • Two reception rooms +
  • uPVC double glazing +
  • Rear yard +

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £45,000. Two bed end terrace house IN NEED OF MODERNISATION. Benefitting from two receptions rooms, an extended kitchen and a separate wc to the ground floor. The property also benefits from two double bedrooms and the main bathroom on the first floor.  

ENTRANCE HALL  

LOUNGE 8' 10" x 13' 1" (2.7m x 4m)  

LIVING ROOM 13' 1" x 14' 5" (4m x 4.4m)  

KITCHEN 11' 1" x 6' 6" (3.4m x 2m)  

WC  

FIRST FLOOR  

BEDROOM ONE 11' 5" x 13' 1" (3.5m x 4m)  

BEDROOM TWO 13' 5" x 8' 6" (4.1m x 2.6m)

Agent Details

MCR Move, Manchester

0161 248 6277

Next Steps?

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

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