3 Bed Semi-Detached House, Refurb/BRRR, Manchester, M40 5NE, £110,000

Alfreton Walk, Manchester, M40 5NE - 5 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~93 m²
+1 photos

ValuationUndervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£39,324

Bridging Loan Interest

£2,888

Total Cash In

£75,962

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£172,222

Agent Fees (1%)

£1,722

Bridging Loan

£82,500

Bridging Loan Interest

£2,888

Flip Profit

£12,038













Local Rents

50 rents from £900/mo to £2.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25001/250.21 mi-3
£1,10005/240.22 miFalls Green Avenue, Manchester, M403
£1,20003/250.23 mi-3
£1,40002/250.23 mi-3
£1,00005/240.24 miOldham Road, Newton Heath, Manchester3
£1,10004/240.25 mi-3
£1,40006/240.27 mi-3
£1,30005/240.31 mi-3
£1,20001/250.31 mi-3
£1,35011/240.31 mi-3
£1,10006/240.32 mi-3
£1,35007/240.32 mi-3
£1,20002/250.34 mi-3
£2,80003/250.36 mi-3
£1,20010/240.36 mi-3
£99505/240.36 miDean Lane, Manchester3
£1,20009/240.39 mi-3
£1,20009/240.39 miMcconnell Road, Manchester, M403
£1,20008/240.4 mi-3
£1,15006/240.4 miColclough Close, Manchester3
£1,19005/240.4 miKirkby Avenue, Manchester, M403
£1,19005/240.4 mi-3
£1,20003/250.4 mi-3
£1,20009/240.41 mi-3
£1,49512/240.41 mi-3
£1,10008/240.41 miChinley Avenue, Manchester3
£1,10008/240.41 miChinley Avenue, Manchester3
£1,09006/240.43 mi-3
£1,30005/240.43 mi-3
£1,10002/250.46 mi-3
£1,40008/240.49 mi-3
£1,40007/240.49 miBluestone Road, Manchester, M403
£1,40003/250.5 mi-3
£1,00005/240.51 miDean Brook Close, Manchester3
£1,15001/250.53 mi-3
£1,20012/240.53 mi-3
£1,49506/240.54 mi-3
£1,49508/240.54 mi-3
£1,69512/240.54 mi-3
£1,30008/240.54 mi-3
£1,00001/250.55 mi-3
£1,02502/250.55 mi-3
£1,20009/240.56 mi-3
£1,25007/240.58 miMapledon Road, Manchester, Greater Manchester, M93
£1,30005/240.58 mi-3
£1,20005/240.59 miLeywell Road, Manchester3
£1,05006/240.59 mi-3
£99511/240.6 mi-3
£90012/240.61 mi-3
£1,19503/250.61 mi-3

Local Area Statistics

Population in M40

40,888

Population in Manchester

920,095

Town centre distance

4.16 miles away

Nearest school

0.40 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Seller's market

Capital growth (5yrs)

+73%

Property History

Listed for £110,000

September 11, 2024

Floor Plans

Description

  • CHAIN FREE +
  • GOOD YIELD +
  • GREAT LOCATION +
  • FULL REFURB +
  • IDEAL BUY-TO-LET +

NO CHAIN! A larger-than-average three-bedroom terrace property with gardens and off-street parking. 

Yopa is pleased to present this three-bedroom mid-terrace to the market with no onward chain.

Offered for sale in need of a full refurb throughout, the property is perfect for investors or someone who might want to take on a refurb on a property that doesn't come around that often.

The property's locality affords many amenities and transport links. Nearby, you will find local primary and secondary schools within easy reach, commuter links easily accessible including the Metrolink and A62 towards Manchester plus open spaces such as Broadhurst Park.

Ideal for investment, full refurb required being sold CHAIN FREE, but we are still waiting for a deputyship order.
Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, North West & Midlands

01525 659945

Next Steps?

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