3 Bed Semi-Detached House, Refurb/BRRR, Manchester, M35 0WG, £200,000

Norfolk Crescent, Failsworth, Manchester, Greater Manchester, M35 0WG - 6 months ago

Sold STC
Refurb/BRRR
ROI: 10%
~93 m²
+13 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Refurb Costs

£39,324

Bridging Loan Interest

£5,250

Total Cash In

£107,524

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£236,297

Mortgage (After Refinance)

£177,223

Mortgage LTV

75%

Cash Released

£27,223

Cash Left In

£80,301

Equity

£59,074

Rent Range

£995 - £3,534

Rent Estimate

£2,018

Running Costs/mo

£1,162

Cashflow/mo

£856

Cashflow/yr

£10,272

ROI

10%

Gross Yield

12%













Local Rents

51 rents from £995/mo to £3.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,15007/240.15 miRegent Crescent, Failsworth, Manchester3
£1,30009/240.16 miSomerset Road, Manchester3
£1,45008/240.19 miBirch Avenue, Failsworth, Manchester3
£1,22503/250.2 mi-3
£1,40007/240.22 miProspect drive, Failsworth, Manchester3
£3,53405/240.22 mi-3
£3,53402/240.22 mi-3
£3,46002/240.22 mi-3
£3,53405/240.22 mi-3
£3,53406/240.22 mi-3
£3,46006/240.22 mi-3
£3,53408/240.22 mi-3
£3,53408/240.22 mi-3
£3,46005/240.22 mi-3
£3,53409/240.22 mi-3
£3,46008/240.22 mi-3
£3,46009/240.22 mi-3
£3,53410/240.22 mi-3
£3,46011/240.22 mi-3
£3,53401/250.22 mi-3
£3,53401/250.22 mi-3
£3,53401/250.22 mi-3
£2,80009/240.24 mi-3
£1,10006/240.24 mi-3
£1,00008/240.27 mi-3
£3,00011/240.3 mi-3
£2,50002/250.3 mi-3
£1,47507/240.31 mi-3
£1,47506/240.31 miGreaves Avenue, Manchester, M353
£1,25005/240.31 mi-3
£1,25003/250.31 mi-3
£1,10005/240.32 miPiercy Street, Failsworth, Manchester3
£1,25008/240.34 mi-3
£1,20003/250.36 mi-3
£1,05007/240.36 miBrookdale Street, Failsworth, M353
£1,30001/250.38 mi-3
£1,20008/240.38 mi-3
£1,20008/240.38 miWhitekirk Drive, Failsworth, Manchester, M35 0TB3
£1,20005/240.4 miLord Lane, Failsworth, Manchester3
£1,50005/240.4 miDurham Crescent, Failsworth, Manchester3
£1,65003/250.41 mi-3
£1,50009/240.41 mi-3
£1,15005/240.42 miLord Lane, Failsworth3
£1,15005/240.44 miWoodlands, Failsworth3
£1,20007/240.44 mi-3
£1,30007/240.44 miWoodlands, Failsworth, Manchester, M353
£99505/240.44 mi-3
£1,20003/250.45 mi-3
£1,05009/240.45 miGrange Street, Failsworth, Oldham, M353
£1,40008/240.47 miWillows Drive, Failsworth3
£1,00010/240.47 mi-3

Local Area Statistics

Population in M35

20,671

Population in Manchester

920,095

Town centre distance

4.91 miles away

Nearest school

0.20 miles away

Nearest train station

0.57 miles away

 

 

Rental growth (12m)

+90%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £200,000

September 10, 2024

Floor Plans

Description

  • NO CHAIN +
  • THREE DOUBLE BEDROOMS +
  • OFF-STREET PARKING +
  • GARAGE +
  • LARGE REAR GARDEN +
  • EXTENDED TO THE REAR +
  • POPULAR LOCATION +
  • CLOSE TO LOCAL TRANSPORT LINKS +
  • FREEHOLD +
  • COUNCIL TAX: B | EPC: D +

NO CHAIN - While requiring some internal modernisation, this three bedroom semi-detached property offers great potential and is situated on a corner plot. EPC: D

NO CHAIN

Located in the much sought-after town of Failsworth, this semi-detached house offers a blank canvas while requiring some internal modernisation. Having been thoughtfully extended to enhance and maximise the living space affording a fantastic home perfect for families or professionals seeking a comfortable home. The home is tastefully designed, creating an inviting and bright atmosphere throughout.

The property is situated on a corner plot, meaning it has a larger than average rear garden currently lined with fruit trees. To the front there is ample off-street parking in the form of a driveway and to the side there is a garage.

Internally, there is a living room at the front while there is a separate dining room and kitchen, both of which have been extended.

Upstairs, there are three double bedrooms, two of which are housed in the extension and the main faimly bathroom.

Benefitting from a prime location, this property is close to local amenities, schools, and transport links, making it an excellent choice for those looking for a convenient and comfortable lifestyle. Don't miss the opportunity to make this modern and stylish house your new home. Contact us today to arrange a viewing.

Agent Details

Ryder & Dutton, Chadderton

0161 524 3010

Next Steps?

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