3 Bed Terraced House, Refurb/BRRR, Manchester, M9 6FN, £250,000

35 Polefield Road, Blackley, Manchester, M9 6FN - 3 views - 5 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 3%
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£63.5K - £400K
Sold Prices/m²£836/m² - £3.7K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£191,117

 

 

End Value (After Refurb)

£236,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£39,428

Bridging Loan Interest

£6,563

Total Cash In

£118,941

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£236,250

Mortgage (After Refinance)

£177,188

Mortgage LTV

75%

Cash Left In

£118,941

Equity

£59,063

Rent Range

£825 - £3,500

Rent Estimate

£1,379

Running Costs/mo

£1,034

Cashflow/mo

£345

Cashflow/yr

£4,139

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £63.5K to £400K, average is £175K. £836/m² to £3.7K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£250K01/230.03 mi31, Polefield Road, Manchester, Greater Manchester M9 6FN3
£400K03/230.1 mi47, Polefield Road, Manchester, Greater Manchester M9 7EN3
£235K04/220.19 mi16, Lion Brow, Manchester, Greater Manchester M9 8FF3
£132K11/210.22 mi48, Old Road, Manchester, Greater Manchester M9 8BS3
£200K09/210.23 mi1193, Rochdale Road, Manchester, Greater Manchester M9 7FP3
£187K12/220.26 mi55, Haverfield Road, Manchester, Greater Manchester M9 6LP3
£168K12/200.26 mi23, Hill Lane, Manchester, Greater Manchester M9 6PE3
£135K11/210.27 mi65, Haverfield Road, Manchester, Greater Manchester M9 6LP3
£166K04/230.28 mi40, Highview Walk, Manchester, Greater Manchester M9 6LS3
£150K09/200.28 mi3, Claxton Avenue, Manchester, Greater Manchester M9 6PH3
£195K02/210.28 mi18, Claxton Avenue, Manchester, Greater Manchester M9 6PH3
£225K09/210.29 mi72, Hill Lane, Manchester, Greater Manchester M9 6PF3
£188K06/230.3 mi10, Cobble Bank, Manchester, Greater Manchester M9 5FA3
£123.5K12/200.3 mi1, Cambridge Road, Manchester, Greater Manchester M9 8BB3
£160K12/200.31 mi63, Middlesex Road, Manchester, Greater Manchester M9 8AX3
£262.5K07/220.31 mi5, Kerr Street, Manchester, Greater Manchester M9 6PJ3
£145K04/210.31 mi60, Sidney Road, Manchester, Greater Manchester M9 8AT3
£142K12/220.31 mi48, Sidney Road, Manchester, Greater Manchester M9 8AT3
£145K11/200.31 mi56, Sidney Road, Manchester, Greater Manchester M9 8AT3
£140K03/210.34 mi13, French Barn Lane, Manchester, Greater Manchester M9 6PB3
£150K12/220.34 mi6, French Barn Lane, Manchester, Greater Manchester M9 6PB3
£277.5K02/230.35 mi19, Aspenwood Drive, Manchester, Greater Manchester M9 8NP3
£220K12/220.35 mi36, Aspenwood Drive, Manchester, Greater Manchester M9 8NP3
£185K10/200.38 mi10, Elmstone Close, Manchester, Greater Manchester M9 8NQ3
£187K10/200.38 mi7, Elmstone Close, Manchester, Greater Manchester M9 8NQ3
£215.1K03/230.38 mi11, Elmstone Close, Manchester, Greater Manchester M9 8NQ3
£180K02/230.38 mi45, Allan Roberts Close, Blackley, Manchester, Greater Manchester M9 8AL3
£170K03/210.38 mi2, Elmton Road, Manchester, Greater Manchester M9 6JP3
£146.5K06/210.39 mi3, Allan Roberts Close, Manchester, Greater Manchester M9 8AL3
£142K10/200.39 mi25, Allan Roberts Close, Manchester, Greater Manchester M9 8AL3
£250K04/220.39 mi21, Allan Roberts Close, Blackley, Manchester, Greater Manchester M9 8AL3
£240K02/230.39 mi22, Marshbrook Drive, Manchester, Greater Manchester M9 8NN3
£185K06/210.39 mi62, Lawson Street, Manchester, Greater Manchester M9 8DP3
£235K01/210.39 mi6, Coulsden Drive, Manchester, Greater Manchester M9 6AP3
£131K03/210.4 mi27, Rathbourne Avenue, Manchester, Greater Manchester M9 6PN3
£205K11/210.4 mi34, Rathbourne Avenue, Manchester, Greater Manchester M9 6PN3
£153K11/200.4 mi8, Rathbourne Avenue, Manchester, Greater Manchester M9 6PN3
£204K02/210.4 mi14, Rathbourne Avenue, Manchester, Greater Manchester M9 6PN3
£200K03/230.4 mi38, Rathbourne Avenue, Manchester, Greater Manchester M9 6PN3
£63.5K12/200.42 mi5, Parkmount Road, Manchester, Greater Manchester M9 4AL3
£225K05/210.43 mi4, Castle Hill Drive, Manchester, Greater Manchester M9 8NX3
£148.5K04/210.43 mi7, Hexagon Close, Manchester, Greater Manchester M9 8RN3
£145K12/200.43 mi6, Edgefield Avenue, Manchester, Greater Manchester M9 6JB3
£158K10/200.45 mi120, Hill Lane, Manchester, Greater Manchester M9 6PW3
£255K02/230.45 mi126, Hill Lane, Manchester, Greater Manchester M9 6PW3
£150K04/210.45 mi30, Newcroft Drive, Manchester, Greater Manchester M9 8PU3
£160K06/210.45 mi39, Colindale Avenue, Manchester, Greater Manchester M9 6JD3
£265K01/230.46 mi4, Wallbrook Drive, Manchester, Greater Manchester M9 8PX3
£137K12/200.47 mi30, Hilldale Avenue, Manchester, Greater Manchester M9 6PP3
£152K09/210.49 mi21, Hilldale Avenue, Manchester, Greater Manchester M9 6PQ3

Local Rents

51 rents from £825/mo to £3.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£82502/250.13 mi-3
£1,20006/240.17 mi-3
£1,20005/240.17 miMulgrove Walk, Manchester, M93
£1,40009/240.19 mi-3
£1,40008/240.19 miLion Brow, Manchester, M93
£1,37503/250.22 mi-3
£1,25005/240.24 mi-3
£1,00012/240.28 mi-3
£1,29505/240.29 mi-3
£1,29505/240.29 miHill Lane, Manchester, M93
£1,60003/250.31 mi-3
£1,19007/240.31 mi-3
£1,19006/240.31 miSidney Road, Manchester, M93
£1,45009/240.31 mi-3
£1,45007/240.31 miNorway Maple Avenue, Manchester, M93
£1,40002/250.34 mi-3
£1,45007/240.36 mi-3
£1,50001/250.36 mi-3
£1,25005/240.36 mi-3
£95006/240.36 miBrackenlea Drive, Blackley, Manchester, M93
£1,30007/240.36 mi11 Brakenlea Drive, Manchester, Greater Manchester, M9 8NU3
£2,50002/250.38 mi-3
£1,45003/250.38 mi-3
£1,07501/250.39 mi-3
£95005/240.41 miConnington Avenue, Manchester, M93
£1,40002/250.41 mi-3
£1,50008/240.42 mi-3
£1,20012/240.44 mi-3
£1,20006/240.44 mi-3
£1,30002/240.45 mi-3
£1,46002/240.45 mi-3
£1,15012/240.46 mi-3
£1,20002/250.47 mi-3
£1,20005/240.48 mi-3
£1,60006/240.49 mi-3
£1,45006/240.49 mi-3
£1,40005/240.49 mi-3
£1,10003/250.49 mi-3
£3,50005/240.5 mi-3
£3,15009/240.5 mi-3
£3,15001/250.5 mi-3
£3,15001/250.5 mi-3
£1,25006/240.5 mi-3
£1,25005/240.5 miGoodman Street, Manchester, M93
£1,40006/240.51 miManchester, Manchester, M93
£1,40007/240.51 mi-3
£1,30012/240.51 mi-3
£1,25007/240.52 miSilverlea Drive, Manchester3
£1,00006/240.52 miSomerfield Road, Manchester, M93
£1,25005/240.53 mi-3
£1,25005/240.53 mi-3

Local Area Statistics

Population in M9

39,412

Population in Manchester

920,095

Town centre distance

4.90 miles away

Nearest school

0.20 miles away

Nearest train station

1.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+45%

Sales demand

Seller's market

Capital growth (5yrs)

+60%

Property History

Listed for £250,000

October 17, 2024

Floor Plans

Description

  • Large Victorian home with original features +
  • Exciting potential to modernise and add personal touches +
  • Three spacious double bedrooms and two bathrooms +
  • Three flexible reception rooms ideal for family living +
  • Fully integrated kitchen with potential for open-plan layout +
  • Main bedroom with fitted wardrobes and en-suite +
  • Boarded loft with integrated ladder for storage +
  • Excellent transport links to Manchester and Rochdale +
  • Large rear garden +

35 Polefield Road, Blackley, Manchester, M9 6FN

SEE THE VIDEO TOUR FOR THIS HOME Welcome to 35 Polefield Road, Manchester, M9 6FN, a substantial Victorian home full of character, space, and charm. This three-bedroom, two-bathroom property offers the perfect canvas for someone looking to create their ideal family home, with plenty of room to grow and personalise to suit modern tastes. The ground floor features three large reception rooms, each offering flexible spaces for living, dining, and entertaining. The kitchen is fully integrated, with a dishwasher, microwave, and fridge freezer, and could be opened up into the dining room to create a more open-plan feel. While the home retains many of its original features, including a beautiful entrance porch with original wall and floor tiles, it would benefit from some modernisation to unlock its full potential. Upstairs, the home continues to impress with three double bedrooms. The main bedroom comes complete with fitted wardrobes and its own en-suite, offering a private retreat within the home. The two additional bedrooms are spacious and share a family bathroom, making this home ideal for a family or those needing extra room. The boarded loft, accessed via an integrated loft ladder, provides useful storage space. The garden, once a family haven, is ready to be rejuvenated. It previously featured a wendy house, swing, and patio area, making it the perfect outdoor space for children to play and adults to relax. Located in a highly convenient area, Polefield Road benefits from an excellent bus network at the bottom of the road for easy access to Manchester and Rochdale, with tram and rail links just a 10-minute drive away. For families, there’s a great selection of schools nearby, and North Manchester General Hospital is also within easy reach. Boggart Hole Clough park, with its play park and walking areas, is just a short stroll from the house, and local amenities such as North City Shopping Precinct, the leisure centre, and library are within a 15-minute walk. This is a wonderful opportunity to purchase a home with generous proportions, character, and potential, making it a great project for those wanting to modernise while enjoying its space and original charm.

EPC Rating: D

Agent Details

WeLocate, Bury

0161 524 2942

Next Steps?

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