2 Bed Terraced House, Refurb/BRRR, Manchester, M29 8FS, £119,950

Dorning Street, Tyldesley, M29 8FS - 6 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 5%
~67 m²
+24 photos

ValuationOvervalued

Sold Prices£65K - £180K
Sold Prices/m²£803/m² - £3.3K/m²

 

 

Square Metres

~66.80 m²
Price/m²£1.8K/m²

Value Estimate

£97,750

 

 

End Value (After Refurb)

£107,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£29,988

Stamp Duty & Legal Fees

£7,198

Refurb Costs

£28,157

Bridging Loan Interest

£3,149

Total Cash In

£70,240

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£107,500

Mortgage (After Refinance)

£80,625

Mortgage LTV

75%

Cash Left In

£70,240

Equity

£26,875

Rent Range

£650 - £1,200

Rent Estimate

£829

Running Costs/mo

£522

Cashflow/mo

£307

Cashflow/yr

£3,687

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £65K to £180K, average is £118K. £803/m² to £3.3K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£127K09/210.01 mi14, Dorning Street, Tyldesley, Manchester, Greater Manchester M29 8FS2
£143K11/220.01 mi26, Dorning Street, Tyldesley, Manchester, Greater Manchester M29 8FS2
£107.5K03/210.04 mi23, Horrocks Street, Tyldesley, Manchester, Greater Manchester M29 8FR2
£120.7K07/210.05 mi83, Shakerley Road, Tyldesley, Manchester, Greater Manchester M29 8ES2
£96.2K04/210.06 mi65, Shakerley Road, Tyldesley, Manchester, Greater Manchester M29 8ES2
£100K04/230.07 mi56, Shakerley Road, Tyldesley, Manchester, Greater Manchester M29 8FQ2
£95K11/200.07 mi28, Shakerley Road, Tyldesley, Manchester, Greater Manchester M29 8FQ2
£125K05/210.08 mi12, East Street, Atherton, Manchester, Greater Manchester M46 9AU2
£82.5K04/210.09 mi32, Barton Street, Tyldesley, Manchester, Greater Manchester M29 8AS2
£131K06/230.09 mi55, Union Street, Tyldesley, Manchester, Greater Manchester M29 8BN2
£125K12/220.09 mi16, Barton Street, Tyldesley, Manchester, Greater Manchester M29 8AS2
£110K11/200.11 mi27, Union Street, Tyldesley, Manchester, Greater Manchester M29 8AR2
£105K01/210.11 mi52, Union Street, Tyldesley, Manchester, Greater Manchester M29 8AR2
£120K09/220.11 mi33, Union Street, Tyldesley, Manchester, Greater Manchester M29 8AR2
£75K06/210.14 mi43, Castle Street, Tyldesley, Manchester, Greater Manchester M29 8FP2
£65K01/210.15 mi15, Lever Street, Tyldesley, Manchester, Greater Manchester M29 8BL2
£65K01/210.15 mi15, Lever Street, Tyldesley, Manchester, Greater Manchester M29 8BL2
£65K01/210.15 mi15, Lever Street, Tyldesley, Manchester, Greater Manchester M29 8BL2
£180K04/230.17 mi31, Caleb Close, Tyldesley, Manchester, Greater Manchester M29 8GN2
£128.5K01/210.17 mi19, Caleb Close, Tyldesley, Manchester, Greater Manchester M29 8GN2
£155K07/230.17 mi22, Caleb Close, Tyldesley, Manchester, Greater Manchester M29 8GN2
£90K03/230.18 mi26, Prospect Street, Tyldesley, Manchester, Greater Manchester M29 8SU2
£115K01/230.2 mi5, Robert Street, Atherton, Manchester, Greater Manchester M46 9AS2
£170K03/230.22 mi5, West Bank Street, Atherton, Manchester, Greater Manchester M46 9AQ2
£110K11/210.22 mi11, Park Street, Tyldesley, Manchester, Greater Manchester M29 8AZ2
£118K07/230.22 mi3, Park Street, Tyldesley, Manchester, Greater Manchester M29 8AZ2
£92K04/210.23 mi7, Robert Street, Atherton, Manchester, Greater Manchester M46 9AS2
£122.5K08/230.23 mi12, Horrocks Street, Atherton, Manchester, Greater Manchester M46 9BR2
£110K02/230.25 mi14, Powys Street, Atherton, Manchester, Greater Manchester M46 9AR2
£124.3K10/230.25 mi311, Tyldesley Road, Atherton, Manchester, Greater Manchester M46 9AL2
£111K09/220.27 mi28, Oak Street, Tyldesley, Manchester, Greater Manchester M29 8AG2
£85K02/210.27 mi31, Oak Street, Tyldesley, Manchester, Greater Manchester M29 8AG2
£137K01/230.29 mi273, Tyldesley Road, Atherton, Manchester, Greater Manchester M46 9AL2
£135K11/210.32 mi3, Clarence Street, Atherton, Manchester, Greater Manchester M46 9AH2
£135K06/210.32 mi44, Elliott Street, Tyldesley, Manchester, Greater Manchester M29 8JE2
£128K05/210.34 mi41, St Georges Street, Tyldesley, Manchester, Greater Manchester M29 8HY2
£80K04/210.34 mi8, St Georges Street, Tyldesley, Manchester, Greater Manchester M29 8HH2
£163.1K11/210.34 mi8, King William Street, Tyldesley, Manchester, Greater Manchester M29 8HZ2
£110K12/200.35 mi66, Ellesmere Street, Tyldesley, Manchester, Greater Manchester M29 8BX2
£100K01/210.35 mi7, Alma Street, Tyldesley, Manchester, Greater Manchester M29 8HJ2
£118K01/210.35 mi3a, Alma Street, Tyldesley, Manchester, Greater Manchester M29 8HJ2
£117.5K07/210.35 mi5, Alma Street, Tyldesley, Manchester, Greater Manchester M29 8HJ2
£135.5K10/220.36 mi10, Lune Street, Tyldesley, Manchester, Greater Manchester M29 8HX2
£162K09/220.36 mi14, Lune Street, Tyldesley, Manchester, Greater Manchester M29 8HX2
£88K03/210.36 mi20, Blossom Street, Tyldesley, Manchester, Greater Manchester M29 8AD2
£110.6K08/210.36 mi122, Shuttle Street, Tyldesley, Manchester, Greater Manchester M29 8BS2
£138K08/210.36 mi12, School Street, Tyldesley, Manchester, Greater Manchester M29 8HU2
£121K01/210.36 mi5, School Street, Tyldesley, Manchester, Greater Manchester M29 8HU2
£126K06/230.37 mi36, Lemon Street, Tyldesley, Manchester, Greater Manchester M29 8HT2
£171.5K11/220.37 mi7, Fallowfield Way, Atherton, Manchester, Greater Manchester M46 9TT2

Local Rents

31 rents from £650/mo to £1.2K/mo, average is £845/mo.

RentDateDistanceAddressBeds 
£79503/250.05 mi-2
£79503/250.06 mi-2
£75002/240.06 mi-2
£79501/250.06 mi-2
£99709/240.07 mi-2
£84503/250.07 mi-2
£87502/250.07 mi-2
£85005/240.07 mi-2
£89512/240.07 miEast Street, Atherton, M462
£73004/240.08 mi-2
£72512/240.09 miUnion Street, Tyldesley, Manchester. **AVAILABLE NOW**2
£85003/250.13 mi-2
£69505/240.15 miMorris Street, Tyldesley, M292
£89512/240.16 miCastle Street, Tyldesley, Manchester2
£79501/250.16 mi-2
£1,20003/240.19 mi-2
£65012/240.19 miShuttle Street, Tyldesley, M292
£85005/240.25 mi-2
£87501/250.25 mi-2
£85005/240.26 miOak Street, Tyldesley, M292
£85011/240.27 mi-2
£90011/240.28 mi-2
£95004/250.28 mi-2
£72512/240.29 miHenry Street, Tyldesley, M292
£69505/240.3 mi11 Henry Street, Tyldesley2
£75001/240.38 mi-2
£90005/240.39 miFallowfield Way, Atherton, Manchester2
£95012/240.4 mi-2
£79505/240.44 miBeckford Court, Tyldesley, Manchester, M292
£75005/240.44 miBeckford Court, Tyldesley, Manchester, M292
£72511/230.5 mi-2

Local Area Statistics

Population in M29

22,788

Population in Manchester

920,095

Town centre distance

10.13 miles away

Nearest school

0.30 miles away

Nearest train station

0.80 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £119,950

September 24, 2024

Floor Plans

Description

  • TWO BEDROOM MID-TERRACE HOUSE +
  • NO ONWARD CHAIN +
  • LEASEHOLD - GROUND RENT £2/ANNUM +
  • 990 YEAR LEASE FROM 1902 +
  • COUNCIL TAX BAND A +
  • CLOSE TO LOCAL PRIMARY & SECONDARY SCHOOLS +
  • CLOSE TO TYLDESLEY TOWN CENTRE +
  • EXCELLENT TRANSPORT LINKS +

BALMER & CO in TYLDESLEY are delighted to offer FOR SALE with no onward chain this two bedroom mid-terrace house close to Tyldesley town centre. Although this property does require modernisation, there a no known maintenance issues and there have been upgrades to the front and rear doors, as well as the central heating system. Comprising in brief of entrance vestibule, large living room with gas fireplace and surround, with a fitted kitchen/dining room completing the ground floor. To the first floor is a large master bedroom with fitted wardrobes, second single bedroom, with three piece bathroom completing the accommodation on offer. Externally the property is garden fronted whilst to the rear there is a low maintenance, enclosed yard. Early viewings highly recommended, all enquiries welcome.

Agent Details

Balmer & Co, Atherton

01942 925827

Next Steps?

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

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