2 Bed Terraced House, Refurb/BRRR, Atherton, M46 0DB, £100,000

Smith Street, Atherton, M46 0DB - 6 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£71K - £300K
Sold Prices/m²£1K/m² - £3.3K/m²

 

 

Square Metres

~67.82 m²
Price/m²£1.5K/m²

Value Estimate

£90,100

 

 

End Value (After Refurb)

£103,991

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Refurb Costs

£28,586

Bridging Loan Interest

£2,625

Total Cash In

£64,161

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£103,991

Mortgage (After Refinance)

£77,993

Mortgage LTV

75%

Cash Released

£2,993

Cash Left In

£61,168

Equity

£25,998

Rent Range

£600 - £1,000

Rent Estimate

£831

Running Costs/mo

£511

Cashflow/mo

£320

Cashflow/yr

£3,838

ROI

6%

Gross Yield

10%

Local Sold Prices

54 sold prices from £71K to £300K, average is £120.8K. £1K/m² to £3.3K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£85K11/200.01 mi4, Smith Street, Atherton, Manchester, Greater Manchester M46 0DB2
£123K11/220.01 mi3, Smith Street, Atherton, Manchester, Greater Manchester M46 0DB2
£71K03/230.02 mi80, Mealhouse Lane, Atherton, Manchester, Greater Manchester M46 0FD2
£80K02/210.04 mi16, Hampson Street, Atherton, Manchester, Greater Manchester M46 0DE2
£118K11/220.06 mi74, Mealhouse Lane, Atherton, Manchester, Greater Manchester M46 0FD2
£135K08/230.06 mi13, Morley Street, Atherton, Manchester, Greater Manchester M46 0AE2
£98K12/200.08 mi19, Stanley Street, Atherton, Manchester, Greater Manchester M46 0AB2
£119K03/210.08 mi32, Stanley Street, Atherton, Manchester, Greater Manchester M46 0AB2
£135K11/220.08 mi56, Stanley Street, Atherton, Manchester, Greater Manchester M46 0AB2
£76K05/210.1 mi3, Rosedale Avenue, Atherton, Manchester, Greater Manchester M46 0EA2
£105K03/210.1 mi68, Rosedale Avenue, Atherton, Manchester, Greater Manchester M46 0EA2
£121.5K12/200.1 mi84, Stanley Street, Atherton, Manchester, Greater Manchester M46 0AD2
£120K06/210.1 mi92, Stanley Street, Atherton, Manchester, Greater Manchester M46 0AD2
£111K12/230.11 mi1, Cambridge Street, Atherton, Manchester, Greater Manchester M46 0BX2
£111K12/230.11 mi1, Cambridge Street, Atherton, Manchester, Greater Manchester M46 0BX2
£78.5K12/200.12 mi156, Mealhouse Lane, Atherton, Manchester, Greater Manchester M46 0EH2
£93K03/210.13 mi22, Morley Street, Atherton, Manchester, Greater Manchester M46 0AN2
£112K11/200.15 mi8, Mayfield Street, Atherton, Manchester, Greater Manchester M46 0AQ2
£100.5K10/210.15 mi7, Mayfield Street, Atherton, Manchester, Greater Manchester M46 0AQ2
£95K12/200.15 mi1, Defiance Street, Atherton, Manchester, Greater Manchester M46 0FE2
£105K04/210.15 mi34, Defiance Street, Atherton, Manchester, Greater Manchester M46 0FE2
£110K04/230.15 mi7, Defiance Street, Atherton, Manchester, Greater Manchester M46 0FE2
£120K10/210.15 mi48, Sumner Street, Atherton, Manchester, Greater Manchester M46 0LA2
£144.9K05/230.15 mi30, Sumner Street, Atherton, Manchester, Greater Manchester M46 0LA2
£168K04/230.17 mi184, Hamilton Street, Atherton, Manchester, Greater Manchester M46 0AY2
£127.5K02/210.17 mi160, Stanley Street, Atherton, Manchester, Greater Manchester M46 0AH2
£100.5K04/210.17 mi130, Stanley Street, Atherton, Manchester, Greater Manchester M46 0AH2
£115K07/210.17 mi134, Stanley Street, Atherton, Manchester, Greater Manchester M46 0AH2
£135K11/230.17 mi114, Stanley Street, Atherton, Manchester, Greater Manchester M46 0AH2
£117K12/230.17 mi108, Stanley Street, Atherton, Manchester, Greater Manchester M46 0AH2
£82K01/210.18 mi130, Mealhouse Lane, Atherton, Manchester, Greater Manchester M46 0EH2
£137.5K01/210.2 mi3, Leighton Street, Atherton, Manchester, Greater Manchester M46 0JP2
£115K05/210.2 mi21, Wigan Road, Atherton, Manchester, Greater Manchester M46 0JR2
£142.5K03/210.24 mi243, Wardour Street, Atherton, Manchester, Greater Manchester M46 0BA2
£155K09/230.24 mi267, Wardour Street, Atherton, Manchester, Greater Manchester M46 0BA2
£185K12/230.24 mi233, Wardour Street, Atherton, Manchester, Greater Manchester M46 0BA2
£185K12/230.24 mi233, Wardour Street, Atherton, Manchester, Greater Manchester M46 0BA2
£155K09/230.24 mi267, Wardour Street, Atherton, Manchester, Greater Manchester M46 0BA2
£140K10/230.26 mi83, Leigh Road, Atherton, Manchester, Greater Manchester M46 0LX2
£140K10/230.26 mi83, Leigh Road, Atherton, Manchester, Greater Manchester M46 0LX2
£168K09/210.27 mi292, Hamilton Street, Atherton, Manchester, Greater Manchester M46 0BB2
£160K12/230.27 mi278, Hamilton Street, Atherton, Manchester, Greater Manchester M46 0BB2
£123K11/230.28 mi25, Thomas Street, Atherton, Manchester, Greater Manchester M46 9DP2
£169K02/210.28 mi1, Bee Fold Lane, Atherton, Manchester, Greater Manchester M46 0BD2
£300K06/230.28 mi41, Crab Tree Lane, Atherton, Manchester, Greater Manchester M46 0AG2
£100K01/210.29 mi13, Elizabeth Street, Atherton, Manchester, Greater Manchester M46 9JB2
£122K09/230.29 mi13, Elizabeth Street, Atherton, Manchester, Greater Manchester M46 9JB2
£124K03/230.29 mi5, Oliver Street, Atherton, Manchester, Greater Manchester M46 9FN2
£138K09/210.3 mi79, Wardour Street, Atherton, Manchester, Greater Manchester M46 0AR2
£127K07/210.3 mi39, Wardour Street, Atherton, Manchester, Greater Manchester M46 0AR2
£222K06/210.32 mi2, Bee Fold Lane, Atherton, Manchester, Greater Manchester M46 0BL2
£239.9K11/230.32 mi2, Bee Fold Lane, Atherton, Manchester, Greater Manchester M46 0BL2
£100K04/210.32 mi50, High Street, Atherton, Manchester, Greater Manchester M46 9DW2
£92K06/210.32 mi12, High Street, Atherton, Manchester, Greater Manchester M46 9DJ2

Local Rents

33 rents from £600/mo to £1K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£95012/240.05 mi-2
£72505/240.11 miMayfield Street, Manchester, Greater Manchester, M462
£75005/240.11 miPool House, Mayfield Street, Atherton, Manchester, M462
£95002/250.13 mi-2
£79505/240.13 miArgyle Street, Atherton, M462
£65002/250.13 mi-2
£87504/250.14 mi-2
£82512/240.14 miWigan Road, Atherton, M46 0JG2
£85003/250.16 mi-2
£85002/240.17 mi-2
£90012/240.17 mi-2
£79002/250.17 mi-2
£79506/240.18 miWigan Road, Atherton, M462
£99512/240.27 miTyldesley Road, Atherton, M462
£79504/250.28 mi-2
£79505/240.28 miThomas Street, Atherton, Manchester, M462
£82505/240.28 mi-2
£79512/240.28 mi-2
£75004/250.29 mi-2
£87503/250.3 mi-2
£85003/250.31 mi-2
£60002/240.32 mi-2
£92512/240.33 mi-2
£79504/250.34 mi-2
£80006/240.34 miBag Lane, Atherton2
£82512/240.35 miWigan Road, Atherton, M462
£1,00003/240.38 miWorthing Grove, Atherton, Manchester2
£82505/240.53 mi-2
£89502/250.53 mi-2
£82503/250.56 mi-2
£75005/240.59 miRailway Street, Atherton, M462
£92505/240.6 mi-2
£87502/250.62 mi-2

Local Area Statistics

Population in M46

22,298

Town centre distance

0.08 miles away

Nearest school

0.20 miles away

Nearest train station

0.65 miles away

 

 

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Listed for £100,000

October 11, 2024

Floor Plans

Description

  • Freehold +
  • No Onward Chain +
  • Ideal For Commuters +
  • Many Local Amenities +
  • Two Bedrooms +
  • Spacious Kitchen / Diner +
  • Perfect Investment Opportunity +
  • Gas Central Heating +
  • Double Glazing Throughout +
  • Rear Yard +

Millbrooke Estate Agents are delighted to bring to the market this two bedroomed terraced property, offering a fantastic investment opportunity and ideally situated close to Atherton Town Centre. The property is offered complete with the freehold and has no onward chain. This pavement fronted terraced house presents a fantastic renovation opportunity. Requiring modernisation and refurbishment throughout, this property offers the potential to create a fabulous home in an established area of Atherton within close proximity to local amenities. Comprising of; lounge to front elevation leading to a generous sized kitchen / diner with access to the rear paved yard. Stairs to the first floor lead to two spacious bedrooms and a family bathroom. The property is conveniently situated within easy access to Atherton town centre and all local amenities ie. shops and schools. Atherton Central Railway Station, the Motorway Network System, and the V2 Guided Busway are also close at hand making this property perfect for commuters.  This two bedroom property provides huge potential for both home buyers and investors looking for a property to put their own mark on, at a very competitive price. Arrange an early viewing today to avoid disappointment!

EPC Rating: B Disclaimer We endeavour to ensure our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller or landlord.

Agent Details

Millbrooke Estate Agents, Worsley

0161 790 5154

Next Steps?

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