3 Bed Semi-Detached House, Refurb/BRRR, Manchester, M29 7EX, £200,000

Henfold Road, Tyldesley, M29 7EX - 4 views - 8 months ago

Sold STC
Refurb/BRRR
Planning
ROI: 2%
~83 m²
+23 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£34,774

Bridging Loan Interest

£5,250

Total Cash In

£98,974

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£232,941

Mortgage (After Refinance)

£174,706

Mortgage LTV

75%

Cash Released

£24,706

Cash Left In

£74,268

Equity

£58,235

Rent Range

£950 - £1,500

Rent Estimate

£1,182

Running Costs/mo

£984

Cashflow/mo

£198

Cashflow/yr

£2,372

ROI

2%

Gross Yield

7%













Local Rents

24 rents from £950/mo to £1.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,05005/240.17 miTintern Avenue, M293
£1,05005/240.22 mi-3
£1,45005/240.3 miNorton Nook, Mosley Common, Worsley3
£95012/240.34 miStour Road, Astley, Tyldesley, M293
£1,45012/240.34 miAbbeycroft Close, Tyldesley3
£1,19512/240.35 miDovey Close, Tyldesley3
£95012/240.35 miGlastonbury Road, Tyldesley, M293
£1,20002/250.39 mi-3
£1,15004/250.44 mi-3
£1,07505/240.48 miLynton Road, Tyldesley, Manchester, M293
£1,15003/250.5 mi-3
£1,20005/240.51 miUnsworth Avenue, Tyldesley, M293
£1,19512/240.53 miUnsworth Avenue, Tyldesley, M293
£1,49504/240.53 mi-3
£1,50004/250.53 mi-3
£1,25012/240.53 mi-3
£1,20005/240.55 miSunnybank Road, Tyldesley, M293
£1,20004/240.56 mi-3
£1,35012/240.57 miEnnerdale Road, Tyldesley M293
£1,19504/250.57 mi-3
£1,15004/250.57 mi-3
£99502/240.57 mi-3
£99505/240.57 mi-3
£1,30005/240.61 miSilk Mill Street, Mosley Common, Manchester, M283

Local Area Statistics

Population in M29

22,788

Population in Manchester

920,095

Town centre distance

8.87 miles away

Nearest school

0.10 miles away

Nearest train station

1.90 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £200,000

August 23, 2024

Floor Plans

Description

  • THREE BED FAMILY HOME +
  • TWO LARGE RECEPTION ROOMS +
  • RENOVATION PROJECT +
  • PRIME SCHOOL CATCHMENT AREA +
  • EXTENSIVE GARDENS TO THE FRONT, SIDE & REAR +
  • NO ONWARD CHAIN +
  • GAS CENTRAL HEATING +

SMOOTHMOVE PROPERTY presents a remarkable opportunity to acquire this CHARMING and spacious THREE BED SEMI DETACHED, set back on the desirable Henfold road, Astley. This property is sure to appeal to families seeking a new home in a prime school catchment area.

This family home is an ideal RENOVATION project which has fantastic potential to extend (subject to planning permission) and scope to put you’re own stamp on. The property is FREEHOLD and is conveniently offered with NO ONWARD CHAIN. The property briefly comprises of: spacious hallway with understairs storage, TWO LARGE RECEPTION ROOMS and a KITCHEN to the ground floor. Upstairs, you will find THREE generous bedrooms and a family shower room. Externally, the property boasts laid to lawn gardens to the front and rear and a large driveway for off road parking. Early viewing is highly recommended!

Agent Details

Smoothmove Property, Tyldesley

01942 368443

Next Steps?

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

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