2 Bed Semi-Detached House, Refurb/BRRR, Manchester, M27 0AZ, £250,000

22 Ashley Avenue, Manchester, Greater Manchester, M27 0AZ - 5 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£121.5K - £380K
Sold Prices/m²£1.5K/m² - £5.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£141,100

 

 

End Value (After Refurb)

£221,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£9,900

Refurb Costs

£28,709

Bridging Loan Interest

£6,563

Total Cash In

£109,422

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£221,250

Mortgage (After Refinance)

£165,938

Mortgage LTV

75%

Cash Left In

£109,422

Equity

£55,313

Rent Range

£725 - £1,350

Rent Estimate

£982

Running Costs/mo

£908

Cashflow/mo

£74

Cashflow/yr

£890

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £121.5K to £380K, average is £183.8K. £1.5K/m² to £5.6K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£250K06/230 mi3, Ashley Avenue, Swinton, Manchester, Greater Manchester M27 0AZ2
£127K11/200.03 mi12, Ashley Crescent, Swinton, Manchester, Greater Manchester M27 0AY2
£242K05/230.12 mi25, Poplar Road, Swinton, Manchester, Greater Manchester M27 0HL2
£217.1K12/220.18 mi44, Broadbent Street, Swinton, Manchester, Greater Manchester M27 0LL2
£190K03/210.19 mi33, Arthur Street, Swinton, Manchester, Greater Manchester M27 0HP2
£185K11/210.23 mi92, Moorside Road, Swinton, Manchester, Greater Manchester M27 0HJ2
£200K04/210.23 mi54, Moorside Road, Swinton, Manchester, Greater Manchester M27 0HJ2
£200K01/230.23 mi30, Moorside Road, Swinton, Manchester, Greater Manchester M27 0HJ2
£150K02/210.24 mi15, Hope Street, Swinton, Manchester, Greater Manchester M27 0JU2
£200K08/210.26 mi47, Ellesmere Street, Swinton, Manchester, Greater Manchester M27 0JT2
£168K07/230.26 mi49, Ellesmere Street, Swinton, Manchester, Greater Manchester M27 0JT2
£125K12/200.27 mi127, Ellesmere Street, Swinton, Manchester, Greater Manchester M27 0JN2
£142K12/200.3 mi15, Ellesmere Street, Swinton, Manchester, Greater Manchester M27 0LA2
£175K01/230.34 mi10, Collier Street, Swinton, Manchester, Greater Manchester M27 5YS2
£222.5K05/210.37 mi73, Ringlow Park Road, Swinton, Manchester, Greater Manchester M27 0HA2
£176K11/200.39 mi44, Partington Lane, Swinton, Manchester, Greater Manchester M27 5RZ2
£275K06/240.43 mi6, Hazelhurst Road, Worsley, Manchester, Greater Manchester M28 2SQ2
£230K03/210.43 mi6, Hazelhurst Road, Worsley, Manchester, Greater Manchester M28 2SQ2
£182.5K02/210.43 mi6, Partington Street, Worsley, Manchester, Greater Manchester M28 2SY2
£244.5K05/240.43 mi14, Partington Street, Worsley, Manchester, Greater Manchester M28 2SY2
£218K04/230.43 mi26, Partington Street, Worsley, Manchester, Greater Manchester M28 2SY2
£186K12/200.43 mi10, Partington Street, Worsley, Manchester, Greater Manchester M28 2SY2
£167.5K10/200.45 mi27, Wayfarers Way, Swinton, Manchester, Greater Manchester M27 5UZ2
£220K05/230.45 mi27, Wayfarers Way, Swinton, Manchester, Greater Manchester M27 5UZ2
£152K04/210.45 mi203, Moorside Road, Swinton, Manchester, Greater Manchester M27 9LD2
£195K11/220.45 mi22, Deans Road, Swinton, Manchester, Greater Manchester M27 0JB2
£185K06/230.45 mi26, Deans Road, Swinton, Manchester, Greater Manchester M27 0JB2
£205K07/210.48 mi198, Folly Lane, Swinton, Manchester, Greater Manchester M27 0DD2
£295K10/230.49 mi69, Lambton Road, Worsley, Manchester, Greater Manchester M28 2SU2
£188.5K10/200.51 mi5, South Avenue, Swinton, Manchester, Greater Manchester M27 5RP2
£172K03/210.53 mi75, Shaftesbury Road, Swinton, Manchester, Greater Manchester M27 5TA2
£175K08/230.53 mi77, St Peters Road, Swinton, Manchester, Greater Manchester M27 0NB2
£150K03/210.53 mi63, St Peters Road, Swinton, Manchester, Greater Manchester M27 0NB2
£166K02/230.54 mi48, Shaftesbury Road, Swinton, Manchester, Greater Manchester M27 5SZ2
£380K03/240.57 mi13, Welbeck Road, Worsley, Manchester, Greater Manchester M28 2SL2
£166K05/230.64 mi53, Worsley Road, Swinton, Manchester, Greater Manchester M27 5NE2
£171K11/200.65 mi16, Glen Avenue, Swinton, Manchester, Greater Manchester M27 9PL2
£325K12/220.66 mi35, Bradford Road, Eccles, Manchester, Greater Manchester M30 9FF2
£140K08/230.68 mi290, Moorside Road, Swinton, Manchester, Greater Manchester M27 9PW2
£180K12/220.74 mi5, Clarendon Road, Swinton, Manchester, Greater Manchester M27 4BP2
£121.5K01/210.75 mi345, Chorley Road, Swinton, Manchester, Greater Manchester M27 6AY2
£175K12/220.76 mi42, Wesley Street, Swinton, Manchester, Greater Manchester M27 6AD2
£274.3K06/210.76 mi13, Park Road, Eccles, Manchester, Greater Manchester M30 9JQ2
£225K10/200.76 mi1, Park Road, Eccles, Manchester, Greater Manchester M30 9JQ2
£245K03/210.76 mi7, Park Road, Eccles, Manchester, Greater Manchester M30 9JQ2
£129K05/210.77 mi41, Stafford Road, Swinton, Manchester, Greater Manchester M27 4BW2
£155K11/200.77 mi7, Stafford Road, Swinton, Manchester, Greater Manchester M27 4BW2
£148K02/210.77 mi23, Stafford Road, Swinton, Manchester, Greater Manchester M27 4BW2
£147.5K11/200.8 mi52, Wellington Road, Swinton, Manchester, Greater Manchester M27 4BG2
£165K09/210.8 mi63, Pendlebury Road, Swinton, Manchester, Greater Manchester M27 4AG2

Local Rents

30 rents from £725/mo to £1.4K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,35011/240.06 mi-2
£99002/240.14 mi-2
£1,22501/250.19 mi-2
£95005/240.2 mi-2
£1,10005/240.21 miMoorfield Road, Swinton, Manchester2
£1,09512/240.28 mi-2
£1,00002/240.28 mi-2
£1,14503/250.28 mi-2
£1,05005/240.3 miEllesmere Street, Swinton, M272
£1,05005/240.3 miEllesmere Street, Manchester2
£99505/240.3 miEllesmere Street, Manchester2
£95001/250.31 mi-2
£99505/240.33 miChapel Road, Swinton, Manchester, M272
£1,09505/240.33 miChapel Road, Swinton2
£90012/240.33 mi-2
£85006/240.34 miMoorside Road, Manchester2
£1,00005/240.35 miCarden Avenue, Swinton, Manchester2
£89505/240.38 miMoorside Road, Swinton, Manchester, M272
£1,20005/240.38 mi-2
£89505/240.38 mi-2
£1,00005/240.4 mi-2
£1,00002/250.41 mi-2
£95011/240.44 mi-2
£1,15005/240.45 miWayfarers Way, Manchester2
£89505/240.46 miPartington Lane Swinton Manchester Greater Manchester2
£95002/240.48 mi-2
£92505/240.51 miWorsley Road, Worsley, Manchester, M28 2SN2
£80005/240.53 miBlackcroft Close, Swinton, Manchester, Greater Manchester, M272
£72505/240.53 mi-2
£93002/250.59 mi-2

Local Area Statistics

Population in M27

41,624

Population in Manchester

920,095

Town centre distance

5.36 miles away

Nearest school

0.20 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+47%

Sales demand

Seller's market

Capital growth (5yrs)

+36%

Property History

Price changed to £250,000

December 25, 2024

Listed for £265,000

October 8, 2024

Sold for £137,500

2005

Sold for £67,000

2000

Floor Plans

Description

  • Freehold +
  • Two Bedroom Semi-Detached Property +
  • Requires Modernisation +
  • Gated Driveway Parking Leading to a Single Detached Garage +
  • Private Rear Garden +
  • Perfect Location Close to Schools, Local Amenities and Transport Links +
  • Salford Council Tax Band B +
  • Awaiting EPC +

Briscombe are Delighted to Offer For Sale this Two Bedroom Semi-Detached requiring modernisation. The property offers a gated driveway, single detached garage and private rear garden. Internally, the property extends to: Entrance Hall, Lounge, Dining Room open to Kitchen, Two Double Bedrooms and a Family Bathroom. The property is perfectly located within easy access of local schools, including Moorside Primary & High School and Broadoak Primary School as well as local amenities, and transport links. Offered on a Chain Free Basis an Early Internal Viewing is Essential!

Agent Details

Briscombe, Worsley

0161 524 4841

Next Steps?

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