2 Bed Terraced House, Refurb/BRRR, Manchester, M11 2AZ, £100,000

56 Wilson Street, Openshaw, Manchester, M11 2AZ - 7 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 18%
30 m²
+3 photos

ValuationOvervalued

Sold Prices£75K - £214K
Sold Prices/m²£973/m² - £6.2K/m²

 

 

Square Metres

30 m²
Price/m²£3.3K/m²

Value Estimate

£46,592

 

 

End Value (After Refurb)

£110,625

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,200

Refurb Costs

£12,685

Bridging Loan Interest

£2,625

Total Cash In

£46,260

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£110,625

Mortgage (After Refinance)

£82,969

Mortgage LTV

75%

Cash Released

£7,969

Cash Left In

£38,291

Equity

£27,656

Rent Range

£700 - £2,950

Rent Estimate

£1,328

Running Costs/mo

£631

Cashflow/mo

£697

Cashflow/yr

£8,360

ROI

18%

Gross Yield

16%

Local Sold Prices

50 sold prices from £75K to £214K, average is £137.3K. £973/m² to £6.2K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£99K10/200.01 mi70, Wilson Street, Openshaw, Manchester, Greater Manchester M11 2AZ2
£100K10/230.01 mi70, Wilson Street, Openshaw, Manchester, Greater Manchester M11 2AZ2
£150K08/230.04 mi14, Winslow Street, Manchester, Greater Manchester M11 2AY2
£122K11/220.04 mi1, Winslow Street, Manchester, Greater Manchester M11 2AY2
£110K11/230.04 mi19, Winslow Street, Manchester, Greater Manchester M11 2AY2
£126.5K09/210.09 mi17, Herne Street, Manchester, Greater Manchester M11 2AJ2
£214K03/230.25 mi8, Walshaw Street, Manchester, Greater Manchester M11 3BF2
£138K11/210.36 mi15, Jobling Street, Manchester, Greater Manchester M11 3TA2
£101.5K11/210.4 mi12, Vincent Street, Manchester, Greater Manchester M11 2FU2
£105K03/230.4 mi12, Vincent Street, Manchester, Greater Manchester M11 2FU2
£130.1K02/230.42 mi17, Greenside Street, Manchester, Greater Manchester M11 2EX2
£85K02/210.45 mi28, Connie Street, Manchester, Greater Manchester M11 2JT2
£75K02/210.45 mi17, Connie Street, Manchester, Greater Manchester M11 2JT2
£200K01/240.48 mi1, Neenton Square, Manchester, Greater Manchester M12 5PT2
£100K04/210.5 mi39, Meech Street, Manchester, Greater Manchester M11 2JJ2
£165K07/210.51 mi19, Kimbolton Close, Manchester, Greater Manchester M12 5PD2
£110K05/230.51 mi2, Westbrook Square, Manchester, Greater Manchester M12 5PU2
£155K01/230.51 mi8, Kimbolton Close, Manchester, Greater Manchester M12 5PD2
£195K03/240.51 mi5, Kimbolton Close, Manchester, Greater Manchester M12 5PD2
£165K07/210.51 mi19, Kimbolton Close, Manchester, Greater Manchester M12 5PD2
£190K06/210.53 mi20, Wynne Close, Manchester, Greater Manchester M11 3TR2
£116K06/210.54 mi13, Romsley Close, Manchester, Greater Manchester M12 5PF2
£175K12/220.54 mi22, Kimbolton Close, Manchester, Greater Manchester M12 5PE2
£145K02/210.55 mi2, Gardner Street, Manchester, Greater Manchester M12 5PH2
£80K10/200.55 mi14, Timperley Street, Manchester, Greater Manchester M11 2JG2
£160K09/210.57 mi7, Ellenbrook Close, Manchester, Greater Manchester M12 5PB2
£160K09/210.57 mi7, Ellenbrook Close, Manchester, Greater Manchester M12 5PB2
£155K03/230.57 mi5, Ellenbrook Close, Manchester, Greater Manchester M12 5PB2
£91.8K11/200.57 mi10, Meech Street, Manchester, Greater Manchester M11 2JL2
£75K07/220.58 mi59, Gorton Lane, Manchester, Greater Manchester M12 5WF2
£84.5K10/200.59 mi15, Hovis Street, Manchester, Greater Manchester M11 2JD2
£175.8K07/230.63 mi28, Reading Close, Manchester, Greater Manchester M11 1UA2
£133.5K10/200.64 mi31, Reading Close, Manchester, Greater Manchester M11 1PF2
£199K12/230.65 mi165, Rylance Street, Manchester, Greater Manchester M11 3NA2
£137K10/230.66 mi9, Coatbridge Street, Manchester, Greater Manchester M11 4RL2
£94.5K11/200.66 mi40, Clayton Street, Manchester, Greater Manchester M11 4HA2
£118K04/210.66 mi66, Ranelagh Street, Manchester, Greater Manchester M11 4FX2
£135K01/240.67 mi35, Walsden Street, Manchester, Greater Manchester M11 4WJ2
£137.5K05/210.67 mi22, Walsden Street, Manchester, Greater Manchester M11 4WJ2
£140K10/230.67 mi37, Walsden Street, Manchester, Greater Manchester M11 4WJ2
£137.5K05/210.67 mi22, Walsden Street, Manchester, Greater Manchester M11 4WJ2
£200K02/230.67 mi20, Stuart Street, Manchester, Greater Manchester M11 4DN2
£93K03/210.67 mi65, Ilford Street, Manchester, Greater Manchester M11 4FL2
£206K08/230.68 mi27, Stuart Street, Manchester, Greater Manchester M11 4DU2
£163K06/230.69 mi665, Ashton New Road, Manchester, Greater Manchester M11 4QJ2
£168K05/210.7 mi11, Stuart Street, Manchester, Greater Manchester M11 4DQ2
£88K03/210.7 mi16, Tottington Street, Manchester, Greater Manchester M11 4WT2
£155K12/220.7 mi3, Bonchurch Walk, Manchester, Greater Manchester M18 8BP2
£165K11/220.71 mi13, Bridgend Close, Manchester, Greater Manchester M12 5HE2
£110K02/210.71 mi174, Barrington Street, Manchester, Greater Manchester M11 4ED2

Local Rents

51 rents from £700/mo to £3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,35012/240.02 mi-2
£1,25001/250.02 mi-2
£1,39503/250.1 mi-2
£1,00002/240.14 mi-2
£1,10006/240.25 miWalshaw Street, Manchester, M112
£1,50005/240.3 mi-2
£1,20005/240.36 miChassen Close, Manchester, M112
£1,20005/240.36 mi-2
£1,40005/240.41 mi-2
£1,35001/250.41 mi-2
£2,95001/240.41 mi-2
£1,10003/250.43 mi-2
£89505/240.45 miCuthbert Copse, 3 Greenside Street, Beswick, Manchester, M112
£89506/240.45 miCuthbert Copse, 3 Greenside Street, Beswick, Manchester, M112
£1,09505/240.48 miSynergy 2, 427 Ashton Old Road, Beswick, Manchester, M11 2DL2
£1,09505/240.48 miSynergy 1, 425 Ashton Old Road, Beswick, Manchester, M11 2DL2
£1,29505/240.48 miSynergy 2, 427 Ashton Old Road, Beswick, Manchester, M11 2DL2
£1,09505/240.48 miSynergy 2, 427 Ashton Old Road, Beswick, Manchester, M11 2DL2
£1,80012/240.49 mi-2
£2,95012/240.49 mi-2
£1,05002/250.5 mi-2
£70005/240.51 miBeyers Bahn, Manchester2
£89005/240.52 mi-2
£89001/240.52 mi-2
£89005/240.52 mi-2
£89005/240.52 mi-2
£89005/240.52 mi-2
£89005/240.52 mi-2
£95005/240.52 miWestbrook Square, Manchester2
£90001/240.52 mi-2
£95005/240.59 mi5 Stillwater Drive, Openshaw, Sports City, Manchester, M112
£97505/240.59 mi5 Stillwater Drive, Sports City, Openshaw, Manchester, M112
£1,00005/240.59 miBurcot Road, Manchester, M112
£2,70012/240.59 mi-2
£2,10001/250.59 mi-2
£1,10011/240.59 mi-2
£1,20003/250.6 miEccles Close, Manchester, M112
£1,10005/240.6 mi2 The Waterfront, Sports City, Openshaw, Manchester, M112
£1,05005/240.61 miCampbell House, 403 Ashton Old Road, Beswick2
£97502/250.61 mi-2
£2,79012/240.61 mi-2
£1,15005/240.61 miRadcliffe House, 401 Ashton Old Road, Manchester, M112
£2,60005/240.61 mi-2
£1,90012/240.61 mi-2
£2,80001/250.61 mi-2
£1,15005/240.61 miDarley Street, Manchester, M112
£1,15005/240.61 miCampbell House, 403, Ashton Old Road, Manchester, M112
£1,05005/240.61 miRadcliffe House, Manchester, M112
£1,09505/240.61 mi3 Stillwater Drive, Sportcity , Manchester, M11 4TE2
£1,05006/240.61 miStillwater Drive, 5 Stillwater Drive, Manchester2
£95005/240.61 mi3 Stillwater Drive, Sports City, Openshaw, Manchester, M112

Local Area Statistics

Population in M11

20,273

Population in Manchester

920,095

Town centre distance

2.88 miles away

Nearest school

0.20 miles away

Nearest train station

0.40 miles away

 

 

Rental growth (12m)

+112%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £100,000

October 7, 2024

Floor Plans

Description

  • Two Bedroom Terrace +
  • Yard +
  • In Need Of Modernisation +
  • Close to Central Manchester +
  • Upstairs Bathroom +
  • Double Glazed and GCH +
  • Council Tax Band A / EPC Rating E +
  • Freehold +
  • No Onward Chain +

Welcome to Wilson Street, Openshaw, Manchester - a charming location that could be the perfect place for your new home! This delightful property boasts 1 reception room, large kitchen, 2 bedrooms, and a bathroom, making it ideal for a small family or a couple looking to settle down. Situated in a lovely terrace, this house offers great potential but is in need of modernisation, allowing you to put your own stamp on it and create the home of your dreams. The two bedrooms provide ample space for relaxation and privacy, while the reception room is perfect for entertaining guests or simply unwinding after a long day. Located in the heart of Openshaw, you'll have easy access to local amenities, schools, and transport links, making daily life convenient and stress-free. Whether you're looking to invest in your first home or seeking a property with renovation potential, this house on Wilson Street is definitely worth considering. Don't miss out on this fantastic opportunity to own a piece of Manchester - schedule a viewing today and envision the endless possibilities that this property has to offer! NO ONWARD CHAIN.

Living Room - 3.81 x 3.59 (12'5" x 11'9") - Ceiling light. Radiator. TV point.

Kitchen - 3.79 x 3.28 (12'5" x 10'9") - Wall and base units. Sink with mixer tap. Access to yard. Combi boiler. Radiator.

Bedroom One - 3.84 x 3.59 (12'7" x 11'9") - Ceiling light. Radiator. Window.

Bedroom Two - 3.31 x 1.84 (10'10" x 6'0") - Ceiling light. Radiator. Window.

Bathroom - Bath with mixer shower over. Sink with 2 tap holes. Low level W/C.

Externally - Yard to rear. On street parking.

Agent Details

Jordan Fishwick, Manchester

0161 524 3050

Next Steps?

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

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