2 Bed Bungalow, Refurb/BRRR, Leigh, WN7 5PY, £190,000

33 Corner Lane, Leigh - 1 views - 8 months ago

Leasehold
Refurb/BRRR
ROI: 1%
~83 m²
+5 photos

ValuationOvervalued

Sold Prices£70K - £280K
Sold Prices/m²£819/m² - £5.6K/m²

 

 

Square Metres

~83.30 m²
Price/m²£2.3K/m²

Value Estimate

£140,377

 

 

End Value (After Refurb)

£183,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£35,111

Bridging Loan Interest

£4,988

Total Cash In

£100,049

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£183,000

Mortgage (After Refinance)

£137,250

Mortgage LTV

75%

Cash Left In

£100,049

Equity

£45,750

Rent Range

£540 - £1,650

Rent Estimate

£853

Running Costs/mo

£762

Cashflow/mo

£91

Cashflow/yr

£1,086

ROI

1%

Gross Yield

5%

Local Sold Prices

52 sold prices from £70K to £280K, average is £124K. £819/m² to £5.6K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£98K04/210.04 mi126, Corner Lane, Leigh, Greater Manchester WN7 5PX2
£105K07/230.04 mi138, Corner Lane, Leigh, Greater Manchester WN7 5PX2
£89K06/210.13 mi16, Carr Common Road, Hindley Green, Wigan, Greater Manchester WN2 4TD2
£152.5K06/240.19 mi76, Bexhill Drive, Leigh, Greater Manchester WN7 5TG2
£155K03/210.2 mi394, Westleigh Lane, Leigh, Greater Manchester WN7 5PU2
£114K12/200.21 mi993, Atherton Road, Hindley Green, Wigan, Greater Manchester WN2 4TA2
£125.5K08/210.21 mi983, Atherton Road, Hindley Green, Wigan, Greater Manchester WN2 4TA2
£112.5K06/210.21 mi919, Atherton Road, Hindley Green, Wigan, Greater Manchester WN2 4TA2
£138K09/230.21 mi951, Atherton Road, Hindley Green, Wigan, Greater Manchester WN2 4TA2
£138K09/230.21 mi951, Atherton Road, Hindley Green, Wigan, Greater Manchester WN2 4TA2
£134.5K04/240.21 mi979, Atherton Road, Hindley Green, Wigan, Greater Manchester WN2 4TA2
£148K05/210.23 mi59, Bexhill Drive, Leigh, Greater Manchester WN7 5TQ2
£180K01/240.23 mi53, Bexhill Drive, Leigh, Greater Manchester WN7 5TQ2
£122K07/210.27 mi17, Launceston Road, Hindley Green, Wigan, Greater Manchester WN2 4TQ2
£180K11/230.28 mi52, Cambourne Drive, Hindley Green, Wigan, Greater Manchester WN2 4TU2
£192K03/240.31 mi20, Colwyn Drive, Hindley Green, Wigan, Greater Manchester WN2 4TX2
£147.5K12/200.32 mi16, Aylesbury Crescent, Hindley Green, Wigan, Greater Manchester WN2 4TY2
£149.9K10/210.32 mi157, Smallbrook Lane, Leigh, Greater Manchester WN7 5PZ2
£123K07/230.32 mi69, Smallbrook Lane, Leigh, Greater Manchester WN7 5PZ2
£115K02/230.33 mi43, Melrose Avenue, Leigh, Greater Manchester WN7 5PQ2
£110K08/230.33 mi23, Melrose Avenue, Leigh, Greater Manchester WN7 5PQ2
£81K01/210.35 mi52, Melrose Avenue, Leigh, Greater Manchester WN7 5PH2
£125K03/210.39 mi10, Crossfield Drive, Hindley Green, Wigan, Greater Manchester WN2 4GH2
£145K02/230.39 mi20, Crossfield Drive, Hindley Green, Wigan, Greater Manchester WN2 4GH2
£90K08/230.39 mi12, Crossfield Drive, Hindley Green, Wigan, Greater Manchester WN2 4GH2
£90K08/230.39 mi12, Crossfield Drive, Hindley Green, Wigan, Greater Manchester WN2 4GH2
£240K08/230.39 mi13, Heathlea, Hindley Green, Wigan, Greater Manchester WN2 4TZ2
£90K11/200.39 mi6, Abbey Lane, Leigh, Greater Manchester WN7 5NX2
£165K11/210.4 mi220, Westleigh Lane, Leigh, Greater Manchester WN7 5PN2
£105K10/210.42 mi40, Leigh Road, Hindley Green, Wigan, Greater Manchester WN2 4SZ2
£100K10/210.42 mi44, Leigh Road, Hindley Green, Wigan, Greater Manchester WN2 4SZ2
£102K06/230.42 mi36, Leigh Road, Hindley Green, Wigan, Greater Manchester WN2 4SZ2
£280K05/240.5 mi9, Warlow Drive, Leigh, Greater Manchester WN7 5NZ2
£90K05/210.52 mi93, Leigh Road, Hindley Green, Wigan, Greater Manchester WN2 4XF2
£130K06/230.54 mi93, Abbey Lane, Leigh, Greater Manchester WN7 5NU2
£100K01/210.56 mi34, Thomas Street, Hindley Green, Wigan, Greater Manchester WN2 4SS2
£159.9K02/210.58 mi552, Wigan Road, Atherton, Manchester, Greater Manchester M46 0GA2
£185K02/230.58 mi506, Wigan Road, Atherton, Manchester, Greater Manchester M46 0GA2
£165K10/230.58 mi550, Wigan Road, Atherton, Manchester, Greater Manchester M46 0GA2
£105K03/230.6 mi333, Wigan Road, Atherton, Manchester, Greater Manchester M46 0QA2
£167K12/230.6 mi287, Wigan Road, Atherton, Manchester, Greater Manchester M46 0QA2
£112K05/230.62 mi40, Swan Lane, Hindley Green, Wigan, Greater Manchester WN2 4HF2
£115K09/210.65 mi12, Harrison Street, Hindley Green, Wigan, Greater Manchester WN2 4SR2
£125K05/230.65 mi12, Harrison Street, Hindley Green, Wigan, Greater Manchester WN2 4SR2
£245K02/240.66 mi4, Ashley Road, Hindley Green, Wigan, Greater Manchester WN2 4HG2
£80.5K12/200.69 mi263, Leigh Road, Hindley Green, Wigan, Greater Manchester WN2 4XG2
£95K03/210.69 mi272, Leigh Road, Hindley Green, Wigan, Greater Manchester WN2 4XG2
£70K09/210.69 mi259, Leigh Road, Hindley Green, Wigan, Greater Manchester WN2 4XG2
£101K12/230.69 mi270, Leigh Road, Hindley Green, Wigan, Greater Manchester WN2 4XG2
£135K03/210.69 mi34, Athol Crescent, Hindley Green, Wigan, Greater Manchester WN2 4HE2
£121K12/220.71 mi253, Hindley Road, Westhoughton, Bolton, Greater Manchester BL5 2DY2
£230K11/220.72 mi17, Sovereign Fold Road, Leigh, Greater Manchester WN7 5HX2

Local Rents

26 rents from £540/mo to £1.6K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£79511/240.04 miCorner Lane, Leigh, Greater Manchester, WN72
£54011/240.14 mi-2
£1,05011/240.19 mi-2
£80011/240.42 miLeigh Road, Wigan2
£95005/240.66 miWigan Road, Atherton, Manchester2
£85004/250.79 mi-2
£80011/240.8 mi-2
£85012/240.84 mi-2
£75011/240.88 mi-2
£79511/240.91 miBeaumaris Road, Hindley Green2
£80009/240.94 mi-2
£76911/240.97 mi-2
£65012/240.98 mi9, 11 Shalefield Gardens, Manchester, M462
£82502/250.98 mi-2
£89511/241.07 mi-2
£1,65011/241.1 mi-2
£95011/241.1 mi-2
£65005/241.11 miLeigh Road, Atherton, Manchester2
£75006/241.11 miJohnson Street, Atherton M46 0RB2
£82512/241.12 mi-2
£82504/251.12 mi-2
£85004/251.15 mi-2
£82505/241.2 mi-2
£89502/251.2 mi-2
£82503/251.22 mi-2
£1,00003/241.22 miWorthing Grove, Atherton, Manchester2

Local Area Statistics

Population in WN7

47,819

Town centre distance

190.75 miles away

Nearest school

0.60 miles away

Nearest train station

1.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Price changed to £190,000

March 28, 2025

Price changed to £200,000

January 11, 2025

Listed for £220,000

August 23, 2024

Floor Plans

Description

  • Offered for sale with no chain +
  • Double Fronted True Bungalow +
  • Garage and Driveway +
  • Rear Low Maintenance Garden which is not overlooked +
  • Freehold Tenure +
  • Two Bedroom Detached Bungalow +
  • In need of Modernisation +

With a striking double frontage, this well-presented property is offered for sale with no onward chain, ensuring a smooth and hassle-free purchase. The bungalow boasts a spacious layout, featuring a bright and welcoming living area, two generously-sized bedrooms, and a well-appointed kitchen. Externally, the property benefits from a garage and a private driveway, providing ample off-road parking. The rear of the property offers a peaceful retreat, as it is not overlooked, ensuring privacy and tranquility. Ideal for those seeking single-level living in a prime location, this bungalow is a must-see.

EPC Rating: D

Agent Details

Ashtons Estate Agency, Leigh

01942 949067

Next Steps?

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