3 Bed Semi-Detached House, Refurb/BRRR, Manchester, M20 1EY, £280,000

Whitchurch Road, Manchester, Greater Manchester, M20 1EY - 6 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£110K - £585K
Sold Prices/m²£1.3K/m² - £5K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£273,904

 

 

End Value (After Refurb)

£315,617

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,100

Refurb Costs

£39,200

Bridging Loan Interest

£7,350

Total Cash In

£129,400

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£315,617

Mortgage (After Refinance)

£236,713

Mortgage LTV

75%

Cash Released

£26,713

Cash Left In

£102,687

Equity

£78,904

Rent Range

£1,200 - £2,900

Rent Estimate

£1,622

Running Costs/mo

£1,331

Cashflow/mo

£291

Cashflow/yr

£3,496

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £110K to £585K, average is £266.8K. £1.3K/m² to £5K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£295K04/230.06 mi17, Scholars Drive, Manchester, Greater Manchester M20 1AY3
£290K02/230.06 mi23, Scholars Drive, Manchester, Greater Manchester M20 1AY3
£269.9K09/210.07 mi18, Hasper Avenue, Manchester, Greater Manchester M20 1AX3
£255K03/210.07 mi16, Hasper Avenue, Manchester, Greater Manchester M20 1AX3
£260K06/210.07 mi19, Hasper Avenue, Manchester, Greater Manchester M20 1AX3
£242.5K12/200.08 mi24, Meltham Avenue, Manchester, Greater Manchester M20 1FF3
£335K03/230.12 mi2, Elmstead Avenue, Manchester, Greater Manchester M20 1EW3
£205K01/210.12 mi1, Farrington Avenue, Manchester, Greater Manchester M20 1ER3
£270K02/230.12 mi4, Farrington Avenue, Manchester, Greater Manchester M20 1ER3
£270K10/230.12 mi90, Old Moat Lane, Manchester, Greater Manchester M20 1DE3
£199.9K03/210.12 mi9, Longport Avenue, Manchester, Greater Manchester M20 1EN3
£431.5K09/230.14 mi53, Meltham Avenue, Manchester, Greater Manchester M20 1FE3
£272K01/210.14 mi5, Meltham Avenue, Manchester, Greater Manchester M20 1FE3
£205K08/210.14 mi5, Thurlwood Avenue, Manchester, Greater Manchester M20 1DZ3
£265K09/210.15 mi1, Thursby Avenue, Manchester, Greater Manchester M20 1FT3
£278K09/230.16 mi61, Ashford Road, Manchester, Greater Manchester M20 3FH3
£218K08/210.17 mi10, Ashford Road, Manchester, Greater Manchester M20 3EH3
£285K08/210.17 mi22, Ashford Road, Manchester, Greater Manchester M20 3EH3
£220.5K12/200.18 mi70, Minehead Avenue, Manchester, Greater Manchester M20 1FN3
£280K08/230.18 mi78, Old Moat Lane, Manchester, Greater Manchester M20 1DD3
£345.5K12/220.19 mi10, St Brendans Road, Manchester, Greater Manchester M20 3GH3
£285K11/200.19 mi20, St Brendans Road, Manchester, Greater Manchester M20 3GH3
£210.5K01/240.19 mi94, Whitchurch Road, Manchester, Greater Manchester M20 1FZ3
£192.5K02/210.19 mi77, Doncaster Avenue, Manchester, Greater Manchester M20 1DH3
£446K06/210.19 mi19, Sandhurst Avenue, Manchester, Greater Manchester M20 1ED3
£250K10/230.19 mi14, Heysham Avenue, Manchester, Greater Manchester M20 1EL3
£205K01/230.2 mi43, Doncaster Avenue, Manchester, Greater Manchester M20 1DH3
£278K05/230.2 mi38, Whitchurch Road, Manchester, Greater Manchester M20 1FX3
£285K12/220.21 mi60, Dennison Avenue, Manchester, Greater Manchester M20 1GF3
£235K12/200.22 mi69, Dennison Avenue, Manchester, Greater Manchester M20 1AJ3
£280K11/210.24 mi9, Stanthorne Avenue, Manchester, Greater Manchester M20 1GH3
£110K12/200.25 mi26, Wrenbury Avenue, Manchester, Greater Manchester M20 1DR3
£585K02/230.26 mi1, Newton Avenue, Withington, Manchester, Greater Manchester M20 1JJ3
£255K04/210.26 mi8, Stanthorne Avenue, Manchester, Greater Manchester M20 1GN3
£294.3K03/210.26 mi19, St Brendans Road North, Manchester, Greater Manchester M20 3FE3
£525K07/210.26 mi1, Newton Avenue, Withington, Manchester, Greater Manchester M20 1JJ3
£200K05/210.26 mi52, Golborne Avenue, Manchester, Greater Manchester M20 1EJ3
£215K03/240.27 mi60, Hassall Avenue, Manchester, Greater Manchester M20 1DX3
£258K12/220.27 mi4, Ulverston Avenue, Manchester, Greater Manchester M20 1DU3
£218K07/210.28 mi3, Siddington Avenue, Manchester, Greater Manchester M20 1AT3
£189K11/230.28 mi2, Siddington Avenue, Manchester, Greater Manchester M20 1AT3
£215K02/210.28 mi5, Siddington Avenue, Manchester, Greater Manchester M20 1AT3
£300K08/230.28 mi12, Hopelea Street, Manchester, Greater Manchester M20 3FD3
£227.6K06/210.29 mi10, Cuddington Avenue, Manchester, Greater Manchester M20 1PA3
£243K03/230.29 mi5, Cuddington Avenue, Manchester, Greater Manchester M20 1PA3
£290K08/230.29 mi543, Princess Road, Manchester, Greater Manchester M20 1HA3
£226.7K11/210.29 mi9, Budsworth Avenue, Manchester, Greater Manchester M20 1AF3
£565K12/230.29 mi17, Westbourne Grove, Withington, Manchester, Greater Manchester M20 1JA3
£268.5K09/230.31 mi17, Doncaster Avenue, Manchester, Greater Manchester M20 1AG3
£272K01/230.31 mi7, Doncaster Avenue, Manchester, Greater Manchester M20 1AG3

Local Rents

50 rents from £1.2K/mo to £2.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,25005/240.07 miHasper Avenue, Withington, M203
£1,65003/250.09 mi-3
£1,20002/250.11 mi-3
£1,25006/240.15 miDovedale Avenue, Withington, Manchester, M203
£1,30005/240.16 miAshford Road, Withington3
£1,45005/240.19 miSt. Brendans Road Manchester, M20 3GH3
£1,60004/250.19 mi-3
£1,45605/240.23 miBURTON ROAD, Manchester M20 3EB3
£1,40012/240.23 mi-3
£1,40006/240.23 miSt. Brendans Road North, Manchester, M203
£1,25005/240.26 mi-3
£1,25012/240.27 mi-3
£1,29505/240.29 miPrincess Road, Withington 3
£2,00005/240.3 miMeltham Avenue, West Didsbury, Manchester, M203
£2,00006/240.3 miMeltham Avenue, West Didsbury, Manchester, M203
£1,40005/240.31 miMouldsworth Avenue, Withington, Manchester3
£1,35012/240.31 mi-3
£1,35005/240.31 miMouldsworth Avenue, Manchester, M203
£1,35006/240.31 miMouldsworth Avenue, Manchester, M203
£1,50003/250.33 mi-3
£1,50004/250.33 mi-3
£1,40002/250.35 mi-3
£1,49505/240.35 miBuxton Avenue 20, West Didsbury, Manchester , M20 1JT3
£2,90005/240.36 mi-3
£2,90012/240.36 mi-3
£1,59012/240.36 mi-3
£1,50001/250.36 mi-3
£1,50004/250.36 mi-3
£1,79505/240.37 miDisley Avenue, Didsbury, Manchester, M203
£1,82505/240.37 miDisley Avenue, Didsbury, Manchester, M203
£1,82506/240.37 miDisley Avenue, Didsbury, Manchester, M203
£2,00005/240.38 miDisley Avenue, West Didsbury3
£1,55005/240.38 miPalatine Road, Manchester, M203
£1,55012/240.38 mi-3
£1,40005/240.38 miOrmskirk Avenue, Withington, Manchester3
£1,30012/240.38 mi-3
£1,25012/240.38 mi-3
£1,30005/240.38 miOakham Avenue, Manchester, M20 1LR3
£1,69505/240.39 miCentral Road, West Didsbury3
£1,60005/240.41 miCentral Road, Manchester3
£1,47505/240.41 miDelacourt Road, Fallowfield, Manchester3
£1,20005/240.42 miDavenport Avenue, Withington, M203
£1,37505/240.42 miTunstead Avenue, West Didsbury, M20 1JY3
£1,56005/240.42 miRippingham Road, Withington, Manchester, M203
£1,80005/240.43 miTunstead Avenue, Manchester, M203
£1,85005/240.43 miCavendish Road, West Didsbury, Manchester, M203
£1,35005/240.44 miWilmslow Road, Withington, M203
£1,70012/240.47 mi-3
£2,20004/250.48 mi-3
£1,50005/240.51 miRobert Harrison Avenue, West Didsbury, Manchester3

Local Area Statistics

Population in M20

49,129

Population in Manchester

920,095

Town centre distance

1.54 miles away

Nearest school

0.10 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £280,000

September 23, 2024

Floor Plans

Description

This semi-detached property is a fantastic opportunity for those seeking a family home in a highly sought-after location. Positioned within a short walking distance of Withington's bustling centre, you'll have easy access to a wide range of shops, cafes, and essential amenities, making everyday convenience a breeze. Additionally, the property is well-connected by excellent public transport links, including bus routes and nearby tram stops, offering swift access to Manchester city centre and beyond. For a more vibrant atmosphere, West Didsbury village is also just a pleasant walk away, with its trendy bars, restaurants, and independent boutiques.

Although the house requires modernisation, it presents a blank canvas for buyers to add their own personal touch and create a dream family home. On the ground floor, you'll find a generously sized living room perfect for relaxation, a separate dining room ideal for family meals or entertaining guests, and a kitchen with potential for an update or extension, subject to planning.

Upstairs, the property offers three good-sized bedrooms, all with ample natural light, and a family bathroom that could be redesigned to suit modern tastes. The well-maintained lawned gardens to both the front and rear are perfect for children to play, or for outdoor gatherings, with plenty of space to enjoy. The driveway provides convenient off-road parking.

With no vendor chain, the property is ready for immediate occupancy and provides an exciting opportunity to create a modern, stylish family home in one of the most desirable areas of Manchester.

Agent Details

Bridgfords, Withington

0161 524 2534

Next Steps?

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