3 Bed Terraced House, Refurb/BRRR, Manchester, M40 9HT, £150,000

Chinley Avenue, Moston, Manchester, M40 9HT - 5 views - 5 months ago

Sold STC
BTL
Refurb/BRRR
ROI: 3%
~93 m²
+9 photos

ValuationFair Value

Sold Prices£60K - £330K
Sold Prices/m²£811/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£153,000

 

 

End Value (After Refurb)

£155,934

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£39,324

Bridging Loan Interest

£3,938

Total Cash In

£88,212

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£155,934

Mortgage (After Refinance)

£116,950

Mortgage LTV

75%

Cash Released

£4,450

Cash Left In

£83,761

Equity

£38,983

Rent Range

£900 - £2,800

Rent Estimate

£900

Running Costs/mo

£687

Cashflow/mo

£213

Cashflow/yr

£2,552

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £60K to £330K, average is £153.8K. £811/m² to £4K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£113K05/230 mi11, Chinley Avenue, Manchester, Greater Manchester M40 9HT3
£120K09/210.03 mi12, Edale Avenue, Manchester, Greater Manchester M40 9HU3
£123K08/210.04 mi12, Redcote Street, Manchester, Greater Manchester M40 9HX3
£110K05/230.04 mi11, Redcote Street, Manchester, Greater Manchester M40 9HX3
£245K06/230.06 mi152, Kenyon Lane, Manchester, Greater Manchester M40 9DF3
£109K02/210.06 mi14, Bluestone Road, Manchester, Greater Manchester M40 9JD3
£109K02/210.06 mi14, Bluestone Road, Manchester, Greater Manchester M40 9JD3
£150K05/230.07 mi12, Deanway, Manchester, Greater Manchester M40 9JH3
£114.4K11/200.08 mi47, Bluestone Road, Manchester, Greater Manchester M40 9JB3
£151K08/210.11 mi70, Bluestone Road, Manchester, Greater Manchester M40 9HY3
£160.5K03/210.11 mi72, Bluestone Road, Manchester, Greater Manchester M40 9HY3
£115K12/200.12 mi11, Vaughan Avenue, Manchester, Greater Manchester M40 9LE3
£211K04/230.13 mi34, Brendon Avenue, Manchester, Greater Manchester M40 9DN3
£170K09/230.14 mi283, Lightbowne Road, Manchester, Greater Manchester M40 5HG3
£160K11/230.14 mi137, Adrian Street, Manchester, Greater Manchester M40 5FQ3
£185K02/230.14 mi7, Delside Avenue, Manchester, Greater Manchester M40 9LF3
£132K03/210.15 mi63, Oscar Street, Manchester, Greater Manchester M40 9EG3
£194K09/230.15 mi2, Lisburn Road, Manchester, Greater Manchester M40 9LB3
£300K07/220.17 mi22, Hinde Street, Manchester, Greater Manchester M40 5LW3
£330K04/230.17 mi11, St Georges Drive, Manchester, Greater Manchester M40 5HP3
£160K05/210.2 mi41, Romney Street, Manchester, Greater Manchester M40 9JY3
£137K07/230.2 mi14, Stovell Road, Moston, Manchester, Greater Manchester M40 9LL3
£152.5K07/210.22 mi21, Kenyon Lane, Manchester, Greater Manchester M40 9JG3
£140K08/210.23 mi15, Kirkby Avenue, Manchester, Greater Manchester M40 5HN3
£180K03/230.23 mi37, Kirkby Avenue, Manchester, Greater Manchester M40 5HN3
£155K10/210.23 mi63, Arbory Avenue, Moston, Manchester, Greater Manchester M40 5HJ3
£132K07/210.23 mi40, Lily Lane, Manchester, Greater Manchester M9 4PE3
£205K08/230.25 mi43, Joyce Street, Manchester, Greater Manchester M40 5HB3
£145K03/210.26 mi5, Arbory Avenue, Moston, Manchester, Greater Manchester M40 5HF3
£133.3K01/210.26 mi43, Arbory Avenue, Manchester, Greater Manchester M40 5HF3
£120K10/200.26 mi50, Ebsworth Street, Manchester, Greater Manchester M40 9NE3
£151K09/230.27 mi3, Stonehead Street, Manchester, Greater Manchester M9 4PN3
£140K03/210.29 mi22, Ilkley Street, Manchester, Greater Manchester M40 9PD3
£150K03/210.29 mi197, Ashley Lane, Manchester, Greater Manchester M9 4NQ3
£155K05/230.29 mi173, Ashley Lane, Manchester, Greater Manchester M9 4NQ3
£190K05/230.31 mi27, Rosslyn Road, Moston, Manchester, Greater Manchester M40 9PE3
£198K11/210.31 mi42, Rosslyn Road, Moston, Manchester, Greater Manchester M40 9PE3
£185K01/230.31 mi33, Joyce Street, Manchester, Greater Manchester M40 5HU3
£175.3K04/210.33 mi51, Blue Bell Avenue, Manchester, Greater Manchester M40 9PS3
£165K01/210.34 mi12, Wildcroft Avenue, Manchester, Greater Manchester M40 9PF3
£60K04/210.35 mi34, Brodick Street, Manchester, Greater Manchester M40 9WL3
£170K11/200.36 mi24, Worsley Avenue, Manchester, Greater Manchester M40 9NA3
£140K02/210.36 mi17, Leywell Road, Manchester, Greater Manchester M9 4QR3
£159K08/210.36 mi19, Worsley Avenue, Manchester, Greater Manchester M40 9WA3
£245K06/220.36 mi20, Ashville Terrace, Manchester, Greater Manchester M40 9NX3
£287.5K10/230.37 mi19, Hillside Close, Manchester, Greater Manchester M40 9PQ3
£82K04/210.38 mi10, Railton Terrace, Manchester, Greater Manchester M9 4WE3
£122.3K12/220.39 mi509, Moston Lane, Manchester, Greater Manchester M40 9GN3
£235K11/220.4 mi18, Kingsley Avenue, Manchester, Greater Manchester M9 4QL3
£220K03/210.4 mi10, Kingsley Avenue, Manchester, Greater Manchester M9 4QL3

Local Rents

50 rents from £900/mo to £2.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20003/250 mi-3
£1,10008/240.01 miChinley Avenue, Manchester3
£1,10008/240.01 miChinley Avenue, Manchester3
£1,20009/240.02 mi-3
£1,10002/250.06 mi-3
£1,40008/240.09 mi-3
£1,40007/240.09 miBluestone Road, Manchester, M403
£1,15001/250.13 mi-3
£1,20012/240.13 mi-3
£1,20009/240.15 mi-3
£1,20009/240.15 miMcconnell Road, Manchester, M403
£1,20001/250.16 mi-3
£1,02502/250.16 mi-3
£1,09006/240.16 mi-3
£1,35011/240.19 mi-3
£1,05006/240.2 mi-3
£1,25001/250.21 mi-3
£1,25012/240.22 mi-3
£1,20003/250.22 mi-3
£1,20009/240.22 mi-3
£1,30003/250.23 mi-3
£1,19005/240.23 miKirkby Avenue, Manchester, M403
£1,19005/240.23 mi-3
£1,20010/240.24 mi-3
£99504/240.24 mi-3
£1,40003/250.25 mi-3
£1,20008/240.26 miMoston Lane, Manchester3
£1,10004/240.28 mi-3
£1,20003/250.28 mi-3
£1,30005/240.3 mi-3
£1,30005/240.31 mi-3
£1,30005/240.31 mi-3
£1,00001/250.32 mi-3
£1,30005/240.32 mi-3
£1,25007/240.32 miMapledon Road, Manchester, Greater Manchester, M93
£1,20008/240.35 mi-3
£1,20008/240.35 miCole Street, Manchester, M403
£1,49506/240.35 mi-3
£1,49508/240.35 mi-3
£1,69512/240.35 mi-3
£1,20005/240.36 miLeywell Road, Manchester3
£1,40006/240.36 mi-3
£2,80003/250.4 mi-3
£1,10006/240.4 mi-3
£1,35007/240.4 mi-3
£1,00005/240.45 miDean Brook Close, Manchester3
£90012/240.48 mi-3
£1,20003/250.5 mi-3
£1,19503/250.5 mi-3
£1,40003/250.52 mi-3

Local Area Statistics

Population in M40

40,888

Population in Manchester

920,095

Town centre distance

4.49 miles away

Nearest school

0.20 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Seller's market

Capital growth (5yrs)

+73%

Property History

Listed for £150,000

October 21, 2024

Floor Plans

Description

  • 3 Bedrooms +

A larger than expected three bedroom terraced house offering a fantastic opportunity for buy to let investors or as a starter home. EPC - C

Ryder & Dutton are delighted to bring to market this spacious three bedroom terraced house on Chinley Avenue in Moston, Manchester.

A deceptively spacious, traditional terraced house affording superb living space throughout. The property requires some modernisation to taste but is nevertheless ready to move into and make your own. An ideal purchase for the buy to let investor with excellent potential rental income of at least £900pcm.

To the ground floor, you will enter via a small vestibule into the open plan and generously sized lounge/dining room., with double doors opening onto the enclosed patio garden. There is then is a large kitchen to the rear.

To the first floor there are two double bedrooms, third single bedroom and a three piece bathroom completing the accommodation.

The property is located just off Kenyon Lane in Moston and is within a short drive of commuter links including the M60 and Metrolink. and just a few miles from the Manchester city centre. There are local schools nearby including Lily Lane Primary and St Matthew's RC High School.

Agent Details

Ryder & Dutton, Chadderton

0161 524 3010

Next Steps?

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