3 Bed Semi-Detached House, Refurb/BRRR, Manchester, M35 9LY, £190,000

3 Landsberg Terrace, Failsworth, M35 9LY - 20 views - 10 months ago

Leasehold
Refurb/BRRR
ROI: 3%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£135K - £420K
Sold Prices/m²£1.8K/m² - £3.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£190,000

 

 

End Value (After Refurb)

£250,050

Uplift in Value

+32%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Refurb Costs

£39,324

Bridging Loan Interest

£4,988

Total Cash In

£100,462

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£250,050

Mortgage (After Refinance)

£187,538

Mortgage LTV

75%

Cash Released

£45,038

Cash Left In

£55,424

Equity

£62,513

Rent Range

£995 - £1,800

Rent Estimate

£1,296

Running Costs/mo

£1,061

Cashflow/mo

£235

Cashflow/yr

£2,825

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £135K to £420K, average is £205K. £1.8K/m² to £3.8K/m², average is £2.7K/m².

Price
Date
Distance
Address
Beds
 
£215K07/210.04 mi7, Landsberg Road, Failsworth, Manchester, Greater Manchester M35 9LR3
£200K01/230.04 mi47, Landsberg Road, Failsworth, Manchester, Greater Manchester M35 9LR3
£230K03/210.04 mi32, Landsberg Road, Failsworth, Manchester, Greater Manchester M35 9LR3
£205K07/230.05 mi2, Belgrave Avenue, Failsworth, Manchester, Greater Manchester M35 9LN3
£215K01/250.05 mi26, Landsberg Road, Manchester M35 9LR3
£217K12/240.05 mi15, Brompton Avenue, Failsworth, Manchester, Greater Manchester M35 9LL3
£180K11/240.06 mi32, Westminster Road, Manchester M35 9LQ3
£252K11/220.07 mi36, Landsberg Road, Failsworth, Manchester, Greater Manchester M35 9LR3
£165K05/230.07 mi11, Windsor Avenue, Failsworth, Manchester, Greater Manchester M35 9LW3
£169.9K03/230.08 mi6, Glenmore Drive, Failsworth, Manchester, Greater Manchester M35 9HP3
£216K05/210.1 mi42, Richmond Road, Failsworth, Manchester, Greater Manchester M35 9HZ3
£235K12/210.11 mi2, Lambeth Avenue, Failsworth, Manchester, Greater Manchester M35 9LJ3
£220K09/240.11 mi9, Hillingdon Close, Oldham OL8 3QJ3
£240K03/230.12 mi17, Richmond Road, Failsworth, Manchester, Greater Manchester M35 9HZ3
£138.5K06/210.14 mi72, Glenmore Drive, Failsworth, Manchester, Greater Manchester M35 9HP3
£173.5K02/210.14 mi61, Glenmore Drive, Failsworth, Manchester, Greater Manchester M35 9HG3
£278K12/220.18 mi112, Kew Road, Failsworth, Manchester, Greater Manchester M35 9LA3
£187K04/210.18 mi89, Kew Road, Failsworth, Manchester, Greater Manchester M35 9LA3
£197K02/250.19 mi59, Clifton Street, Failsworth M35 9EF3
£229.9K10/240.21 mi78, Glenmore Drive, Manchester M35 9HP3
£225K06/210.21 mi27, Hampton Road, Failsworth, Manchester, Greater Manchester M35 9HU3
£278K08/230.21 mi67, Clifton Street, Failsworth, Manchester, Greater Manchester M35 9EF3
£182K03/210.23 mi36, Kew Road, Failsworth, Manchester, Greater Manchester M35 9LD3
£190K11/210.24 mi131, Roman Road, Failsworth, Manchester, Greater Manchester M35 9JY3
£195K06/210.24 mi119, Roman Road, Failsworth, Manchester, Greater Manchester M35 9JY3
£195K09/210.24 mi42, Clifton Street, Failsworth, Manchester, Greater Manchester M35 9EE3
£190K12/240.24 mi117, Westminster Road, Manchester M35 9HL3
£187.5K06/210.24 mi19, Alexander Avenue, Failsworth, Manchester, Greater Manchester M35 9JX3
£207.5K01/250.24 mi109, Westminster Road, Failsworth, Manchester, Greater Manchester M35 9HL3
£187K06/230.24 mi111, Westminster Road, Failsworth, Manchester, Greater Manchester M35 9HL3
£222.5K11/220.24 mi24, Stansfield Road, Failsworth, Manchester, Greater Manchester M35 9EA3
£225K12/240.24 mi42, Woodford Road, Manchester M35 9JU3
£196.5K11/220.24 mi42, Woodford Road, Failsworth, Manchester, Greater Manchester M35 9JU3
£209.9K08/230.25 mi16, Verdure Close, Failsworth, Manchester, Greater Manchester M35 9HQ3
£178K06/210.25 mi12, Verdure Close, Failsworth, Manchester, Greater Manchester M35 9HQ3
£173K08/210.25 mi6, Verdure Close, Failsworth, Manchester, Greater Manchester M35 9HQ3
£234.9K06/210.25 mi4, Kingston Road, Failsworth, Manchester, Greater Manchester M35 9JD3
£172K04/210.25 mi26, Stansfield Road, Failsworth, Manchester, Greater Manchester M35 9EA3
£235K08/230.27 mi15, Mabel Road, Failsworth, Manchester, Greater Manchester M35 9EW3
£158K06/210.27 mi35, Mabel Road, Failsworth, Manchester, Greater Manchester M35 9EW3
£285K11/220.28 mi3, Grimshaw Avenue, Failsworth, Manchester, Greater Manchester M35 9JT3
£234.5K01/250.28 mi16, Clifton Street, Manchester M35 9EE3
£135K08/210.3 mi5, Elvira Close, Failsworth, Manchester, Greater Manchester M35 9WE3
£420K03/250.3 mi282, Ashton Road East, Manchester M35 9HD3
£260K05/250.3 mi67, Ravenoak Drive, Manchester M35 9RR3
£138K06/230.3 mi16, Mersey Road North, Failsworth, Manchester, Greater Manchester M35 9FF3
£227K12/220.31 mi19, Norman Street, Failsworth, Manchester, Greater Manchester M35 9EJ3
£175K05/210.32 mi3, Argyll Park Road, Failsworth, Manchester, Greater Manchester M35 9NE3
£205K12/240.32 mi43, Argyll Park Road, Failsworth, Manchester, Greater Manchester M35 9NE3
£172K06/230.34 mi116, Minor Street, Failsworth, Manchester, Greater Manchester M35 9DZ3

Local Rents

49 rents from £995/mo to £1.8K/mo, average is £1.3K/mo.

Rent
Date
Distance
Address
Beds
 
£1,25005/250.1 miGlenmore Drive, Failsworth, Manchester, M353
£1,25005/250.1 miGlenmore Drive, Failsworth, Manchester, M353
£1,25006/250.1 mi-3
£1,10005/240.1 miGlenmore Drive, Failsworth3
£1,19504/250.13 mi-3
£1,29503/250.24 mi-3
£1,40008/240.26 miClifton Street, Failsworth, Manchester, Greater Manchester, M353
£1,10008/240.28 miAshton Road East, Failsworth, Manchester3
£1,20006/250.28 mi-3
£1,19506/250.28 mi-3
£1,25005/250.28 miMabel Road, Failsworth, Manchester, M353
£1,25003/250.3 mi-3
£1,20007/250.31 miMinor Street, Failsworth, Manchester3
£1,20002/250.33 mi-3
£1,20006/250.34 miArgyll Park Road, Failsworth3
£1,30009/240.34 mi-3
£1,20008/240.34 mi-3
£1,15008/240.34 miMinor Street, Failsworth, Manchester, M35 9EL3
£1,20008/240.34 miAshton Road East, Manchester, M353
£1,20001/250.36 mi-3
£1,80007/240.45 miTatchbury Road, Failsworth, Manchester3
£1,25011/240.47 mi-3
£1,05006/240.47 mi-3
£1,09511/240.48 mi-3
£1,40005/240.54 miPaulden Drive, Manchester, M353
£1,40005/240.54 miPaulden Drive, Many, M353
£1,40006/250.54 miPaulden Drive, Manchester, M353
£1,40006/240.54 mi-3
£1,40002/250.54 mi-3
£1,30002/250.54 mi-3
£1,30002/250.54 mi-3
£1,40006/250.54 mi-3
£1,50005/240.54 miPole Lane, Failsworth3
£1,70007/250.54 mi-3
£1,70006/240.54 mi-3
£1,70007/250.54 mi-3
£1,27505/240.54 miByron Terrace, Partington Street, Failsworth3
£99508/240.54 miPole Lane, Failsworth, Manchester3
£1,24503/250.54 mi-3
£1,45007/250.55 miPaulden Drive, Manchester, Greater Manchester, M353
£1,40007/250.55 miPaulden Drive, Manchester, M353
£1,39805/240.56 miMarston Close, Failsworth, Manchester, Greater Manchester, M353
£1,10007/250.56 mi-3
£1,00006/240.57 mi-3
£1,10006/250.58 miHollinwood, Oldham, OL83
£1,05006/250.58 miHollinwood, Oldham, OL83
£1,00007/250.59 miMain Street, Manchester, Greater Manchester, M353
£1,00007/250.59 miMain Street, Manchester, Greater Manchester, M353
£1,50006/240.61 miAshton Road, Failsworth, Manchester3

Local Area Statistics

Population in M35

20,671

Population in Manchester

920,095

Town centre distance

5.97 miles away

Nearest school

0.20 miles away

Nearest train station

0.59 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+54%

Property History

Listed for £190,000

October 11, 2024

Description

We are acting in the sale of 3 landsberg Terrace Failsworth M35 9LY and have received an offer of £182,000
Any interested parties must submit any higher offers in writing to the selling agent before exchange of contracts takes place

Situated in Failsworth, this three-bedroom semi-detached property offers a fantastic opportunity for those eager to create their dream home. Perfectly suited for buyers looking to put their own stamp on a property, this home boasts a well-designed layout with ample space for a growing family.

Upon entering through the porch, you're greeted by a spacious lounge (4.5m x 4.4m), ideal for relaxation and entertaining. The adjacent kitchen diner (3.3m x 4.4m) provides a versatile space, perfect for family meals and social gatherings, with plenty of potential for modernisation.

Upstairs, you'll find three well-proportioned bedrooms. The main bedroom (4.4m x 2.5m), offers a comfortable retreat, while the second bedroom (3.1m x 2.5m) and third bedroom (1.8m x 3.1m) provide flexibility for children, guests, or a home office. The family bathroom (1.8m x 1.8m) is conveniently located off the landing (1.8m x 2.5m).

Externally, the property features a driveway to the front, complemented by a garden frontage, adding to its curb appeal. The rear garden, though in need of landscaping, presents a blank canvas for the new owners to design their ideal outdoor space.

This property holds great potential and is waiting for the right buyer to transform it into a truly special home. Don't miss this chance to make it your own!

This property is being sold on behalf of a corporate client. It is marketed subject to obtaining the grant of probate and must remain on the market until contracts are exchanged. As part of a deceased''s estate it may not be possible to provide answers to the standard property questionnaire. Please refer to the agent before viewing if you feel this may affect your buying decision.

Please note that any services, heating system or appliances have not been tested, and no warranty can be given or implied as to their working order.

Agent Details

Bridgfords, Ashton-Under-Lyne

0161 524 4113

Next Steps?

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