3 Bed Semi-Detached House, Refurb/BRRR, Leigh, WN7 2RG, £220,000

57 Priestfields, Leigh, Greater Manchester, WN7 2RG - 6 views - 6 months ago

Leasehold
Refurb/BRRR
ROI: 1%
117 m²
+8 photos

ValuationFair Value

Sold Prices£90K - £405K
Sold Prices/m²£1K/m² - £4K/m²

 

 

Square Metres

117 m²
Price/m²£1.9K/m²

Value Estimate

£220,000

 

 

End Value (After Refurb)

£221,113

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£49,316

Bridging Loan Interest

£5,775

Total Cash In

£119,641

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£221,113

Mortgage (After Refinance)

£165,835

Mortgage LTV

75%

Cash Released

£835

Cash Left In

£118,806

Equity

£55,278

Rent Range

£700 - £1,250

Rent Estimate

£971

Running Costs/mo

£905

Cashflow/mo

£66

Cashflow/yr

£790

ROI

1%

Gross Yield

5%

Local Sold Prices

49 sold prices from £90K to £405K, average is £173K. £1K/m² to £4K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£282K10/230.04 mi41, Priestfields, Leigh, Greater Manchester WN7 2RG3
£135K03/230.08 mi53, Bedford Square, Leigh, Greater Manchester WN7 2AA3
£120K08/230.08 mi25, Bedford Square, Leigh, Greater Manchester WN7 2AA3
£132K09/230.09 mi21, Lingard Street, Leigh, Greater Manchester WN7 2AQ3
£172.5K12/200.15 mi41, Hawkhurst Park, Leigh, Greater Manchester WN7 2TG3
£114K07/230.16 mi15, Clifford Street, Leigh, Greater Manchester WN7 2BS3
£270K09/210.17 mi318, Holden Road, Leigh, Greater Manchester WN7 2HG3
£300K11/230.18 mi33, Walkers Drive, Leigh, Greater Manchester WN7 2JP3
£105K11/210.2 mi17, Turner Street, Leigh, Greater Manchester WN7 2DE3
£100K02/240.2 mi22, Turner Street, Leigh, Greater Manchester WN7 2DE3
£135K08/230.2 mi112, Ennerdale Road, Leigh, Greater Manchester WN7 2TB3
£140K12/230.22 mi44, Rothay Street, Leigh, Greater Manchester WN7 2DS3
£117.5K07/230.22 mi42, Rothay Street, Leigh, Greater Manchester WN7 2DS3
£207.5K06/240.23 mi10, Mallory Drive, Leigh, Greater Manchester WN7 2HY3
£255K02/230.23 mi26, Spinnerette Close, Leigh, Greater Manchester WN7 2HP3
£235K08/210.24 mi18, Penleach Avenue, Leigh, Greater Manchester WN7 2HJ3
£145K11/210.24 mi14, Boundary Street, Leigh, Greater Manchester WN7 2AT3
£191K05/210.26 mi5, Bellamy Drive, Leigh, Greater Manchester WN7 2JE3
£189.9K04/210.26 mi4, Halstead Grove, Leigh, Greater Manchester WN7 2JN3
£195K05/210.28 mi16, Bellamy Drive, Leigh, Greater Manchester WN7 2JE3
£275K01/230.28 mi34, Linnet Drive, Leigh, Greater Manchester WN7 2GE3
£184K04/230.28 mi67, Ennerdale Road, Leigh, Greater Manchester WN7 2TA3
£405K09/230.28 mi3, Clough House Drive, Leigh, Greater Manchester WN7 2GD3
£204K02/210.28 mi41, Clough House Drive, Leigh, Greater Manchester WN7 2GD3
£375K03/230.28 mi11, Clough House Drive, Leigh, Greater Manchester WN7 2GD3
£105K06/210.29 mi22, Edale Road, Leigh, Greater Manchester WN7 2BD3
£91K04/210.29 mi6, Edale Road, Leigh, Greater Manchester WN7 2BD3
£173K02/210.29 mi5, Melverley Drive, Leigh, Greater Manchester WN7 2HZ3
£160K04/210.3 mi6, Queens Gardens, Leigh, Greater Manchester WN7 2JH3
£179.9K04/210.31 mi4, Coltsfoot Close, Leigh, Greater Manchester WN7 2HE3
£173K12/200.31 mi2, Coltsfoot Close, Leigh, Greater Manchester WN7 2HE3
£140K11/200.31 mi17, Rosebury Avenue, Leigh, Greater Manchester WN7 1JY3
£300K06/230.31 mi21, Wensleydale Road, Leigh, Greater Manchester WN7 2HX3
£90K07/240.32 mi505, Holden Road, Leigh, Greater Manchester WN7 2JJ3
£233K03/230.32 mi483, Holden Road, Leigh, Greater Manchester WN7 2JJ3
£105.3K02/210.32 mi22, Georgian Court, Leigh, Greater Manchester WN7 2EG3
£280K08/230.32 mi84, Brunswick Street, Leigh, Greater Manchester WN7 2PL3
£232.5K04/230.32 mi80, Brunswick Street, Leigh, Greater Manchester WN7 2PL3
£133K11/200.32 mi13, Thanet Grove, Leigh, Greater Manchester WN7 1JL3
£187.5K06/210.33 mi2, Princes Gardens, Leigh, Greater Manchester WN7 2JQ3
£205K06/240.33 mi5, Greenshank Close, Leigh, Greater Manchester WN7 2GG3
£156K08/230.33 mi85, Manchester Road, Leigh, Greater Manchester WN7 2LE3
£126K06/230.34 mi17, Platt Fold Street, Leigh, Greater Manchester WN7 1JH3
£132.5K02/240.34 mi35, Platt Fold Street, Leigh, Greater Manchester WN7 1JH3
£113.8K11/230.34 mi41, Platt Fold Street, Leigh, Greater Manchester WN7 1JH3
£315K08/210.35 mi21, Thorneycroft, Leigh, Greater Manchester WN7 2TH3
£140K03/210.36 mi25, Swallowfield, Leigh, Greater Manchester WN7 1HT3
£165K06/210.36 mi6, Swallowfield, Leigh, Greater Manchester WN7 1HT3
£264K10/230.37 mi22, Beverley Avenue, Leigh, Greater Manchester WN7 1JT3

Local Rents

17 rents from £700/mo to £1.3K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£85011/240.05 mi-3
£97502/250.17 mi-3
£99502/250.2 mi-3
£1,09511/240.21 mi-3
£89511/240.24 mi-3
£70002/250.24 mi-3
£89502/250.27 mi-3
£79511/240.31 miMiriam Grove, Leigh3
£87511/240.34 mi-3
£92511/240.34 miManchester Road, Leigh3
£95012/240.4 mi-3
£92510/240.41 mi-3
£95011/240.43 mi-3
£1,25011/240.47 mi-3
£1,25011/240.48 mi-3
£91503/240.56 mi-3
£94511/240.6 mi-3

Local Area Statistics

Population in WN7

47,819

Town centre distance

188.56 miles away

Nearest school

0.20 miles away

Nearest train station

2.54 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £220,000

October 21, 2024

Sold for £169,995

2006

Floor Plans

Description

  • EPC Rating C +
  • In need of some modernisation +
  • Downstairs Shower room and utility +
  • Driveway and Integral Garage +
  • Situated on a quiet Cul De Sac on Priestfields +
  • Set over Three Floors +
  • Leasehold 931 Remaining- £90 ground rent per annum +

Upon entering, the ground floor features a versatile utility room/snug, providing additional living space, along with a modern shower room and internal access to the single garage. The first floor opens up to a welcoming sitting area and a bright kitchen/diner, perfect for family meals and entertaining. Stairs lead up to the third floor, where you’ll find three well-proportioned bedrooms. The master bedroom benefits from fitted wardrobes and a private en-suite, while the two additional bedrooms share a contemporary family bathroom. Externally, the property boasts both front and rear gardens, ideal for outdoor relaxation and play. A driveway provides off-road parking and leads to the integral garage, offering extra convenience. This property combines practical living with a stylish layout, all in a desirable location.

EPC Rating: C

Agent Details

Ashtons Estate Agency, Leigh

01942 949067

Next Steps?

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