2 Bed Flat, Refurb/BRRR, Leigh, WN7 2RX, £79,995

Priestfields, Leigh, WN7 2RX - 1 views - 6 months ago

Leasehold
Refurb/BRRR
ROI: 5%
~73 m²
+3 photos

ValuationFair Value

Sold Prices£45K - £150K
Sold Prices/m²£1K/m² - £2.3K/m²

 

 

Square Metres

~73 m²
Price/m²£1.1K/m²

Value Estimate

£80,795

 

 

End Value (After Refurb)

£123,380

Uplift in Value

+54%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£19,999

Stamp Duty & Legal Fees

£5,200

Refurb Costs

£30,770

Bridging Loan Interest

£2,100

Total Cash In

£59,818

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£123,380

Mortgage (After Refinance)

£92,535

Mortgage LTV

75%

Cash Released

£32,539

Cash Left In

£27,279

Equity

£30,845

Rent Range

£495 - £995

Rent Estimate

£805

Running Costs/mo

£567

Cashflow/mo

£238

Cashflow/yr

£2,861

ROI

5%

Gross Yield

12%

Local Sold Prices

35 sold prices from £45K to £150K, average is £90K. £1K/m² to £2.3K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£45K11/210.09 mi19, Farnworth Street, Leigh, Greater Manchester WN7 2AR2
£78.5K11/220.15 mi59, Drummond Way, Leigh, Greater Manchester WN7 2RR2
£110K02/230.29 mi33, Stott Wharf, Leigh, Greater Manchester WN7 2ER2
£84K06/210.29 mi27, Stott Wharf, Leigh, Greater Manchester WN7 2ER2
£110K12/220.29 mi29, Stott Wharf, Leigh, Greater Manchester WN7 2ER2
£100K09/230.29 mi91, Stott Wharf, Leigh, Greater Manchester WN7 2ER2
£90K11/210.31 mi21, Pendle Court, Leigh, Greater Manchester WN7 3AB2
£77K06/210.31 mi30, Pendle Court, Leigh, Greater Manchester WN7 3AB2
£90K03/230.31 mi68, Pendle Court, Leigh, Greater Manchester WN7 3AB2
£85K01/240.31 mi34, Pendle Court, Leigh, Greater Manchester WN7 3AB2
£55K03/210.31 mi66, Pendle Court, Leigh, Greater Manchester WN7 3AB2
£76.5K05/210.31 mi39, Pendle Court, Leigh, Greater Manchester WN7 3AB2
£82K04/230.31 mi45, Pendle Court, Leigh, Greater Manchester WN7 3AB2
£80K01/240.31 mi24, Pendle Court, Leigh, Greater Manchester WN7 3AB2
£116K06/210.36 mi48, Redfield Croft, Leigh, Greater Manchester WN7 1EN2
£124.5K12/220.36 mi45, Redfield Croft, Leigh, Greater Manchester WN7 1EN2
£110K02/210.36 mi46, Redfield Croft, Leigh, Greater Manchester WN7 1EN2
£75K11/220.64 mi16, Oxford Street, Leigh, Greater Manchester WN7 1NE2
£92K03/230.66 mi26, Oxford Street, Leigh, Greater Manchester WN7 1NE2
£85K12/230.66 mi24, Oxford Street, Leigh, Greater Manchester WN7 1NE2
£90K08/230.66 mi28, Oxford Street, Leigh, Greater Manchester WN7 1NE2
£94K02/230.66 mi2, Oxford Street, Leigh, Greater Manchester WN7 1NE2
£67K09/210.67 mi14, Oxford Street, Leigh, Greater Manchester WN7 1NE2
£79K03/230.9 mi37, Orchard Close, Leigh, Greater Manchester WN7 1NY2
£89K07/240.92 mi44, Water View Park, Leigh, Greater Manchester WN7 4JS2
£72K02/210.92 mi26, Waterview Park, Leigh, Greater Manchester WN7 4JS2
£96.5K12/220.92 mi12, Water View Park, Leigh, Greater Manchester WN7 4JS2
£107K12/230.97 mi4, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£75K09/210.97 mi36, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£103K12/230.97 mi82, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£100K01/230.97 mi2, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£100K08/230.97 mi28, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£95K10/220.97 mi50, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£150K06/210.97 mi10, Pennington Mews, Leigh, Greater Manchester WN7 3TX2
£150K06/210.97 mi10, Pennington Mews, Leigh, Greater Manchester WN7 3TX2

Local Rents

25 rents from £495/mo to £995/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£85011/240.02 mi-2
£80004/250.02 mi-2
£85004/250.15 mi-2
£99511/240.23 mi-2
£99511/240.25 miMather Lane, Leigh WN7 2FR2
£49511/240.29 miChapel Street, Leigh2
£65002/240.34 mi-2
£89004/250.35 mi-2
£75011/240.37 mi-2
£75011/240.37 mi-2
£75003/250.37 mi-2
£75012/240.37 mi-2
£79511/240.4 mi-2
£79511/240.4 mi-2
£89503/250.4 mi-2
£79511/240.51 mi-2
£85001/250.51 mi-2
£75002/240.52 mi-2
£79511/240.52 mi-2
£79511/240.52 mi-2
£87502/240.53 mi-2
£89512/240.55 mi-2
£89502/250.55 mi-2
£65011/240.57 miWarrington Road, Leigh, WN72
£90003/250.6 mi-2

Local Area Statistics

Population in WN7

47,819

Town centre distance

188.58 miles away

Nearest school

0.20 miles away

Nearest train station

2.59 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Price changed to £79,995

December 18, 2024

Listed for £85,000

October 12, 2024

Floor Plans

Description

  • NO CHAIN +
  • TWO BEDROOMS +
  • SECOND FLOOR +
  • POPULAR LOCATION +

Property Address: Apartment 11, 80, Priestfields Leigh, WN7 2RX. We advise that an offer has been made for the above property in the sum of £75,000. Any persons wishing to increase on this offer should notify the agents of their best offer prior to exchange of contracts. Agents Address: 38 Lord Street, Leigh, WN7. Agents Telephone Number . HUNTERS OF LEIGH are delighted to offer FOR SALE this two bedroom second floor apartment (IN NEED OF UPDATING) a popular and well regarded residential location in Leigh. Offered with NO ONWARD CHAIN this property comprises in brief of secure intercom communal hallway, entrance hallway into the apartment, open plan kitchen/dining room, living room, master bedroom, second bedroom, with three piece bathroom completing the accommodation on offer. Outside the property benefits from one allocated car parking space. Early viewings advised.

Entrance Hall -

Lounge Through Kitchen - 4.78 x 3.33 (15'8" x 10'11") -

Bedroom 1 - 3.40 x 3 (11'1" x 9'10") -

Bedroom 2 - 3.4 x 2.28 (11'1" x 7'5") -

Bathroom -

Agent Details

Hunters, Leigh

01942 925792

Next Steps?

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