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.
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
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