3 Bed Semi-Detached House, Refurb/BRRR, Manchester, M29 8LT, £175,000

42 Cornwall Avenue, Manchester, Greater Manchester, M29 8LT - 4 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 3%
98 m²
+6 photos

ValuationFair Value

Sold Prices£110K - £350K
Sold Prices/m²£1.4K/m² - £3.7K/m²

 

 

Square Metres

98 m²
Price/m²£1.8K/m²

Value Estimate

£178,500

 

 

End Value (After Refurb)

£197,647

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,450

Refurb Costs

£41,308

Bridging Loan Interest

£4,594

Total Cash In

£97,851

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£197,647

Mortgage (After Refinance)

£148,235

Mortgage LTV

75%

Cash Released

£16,985

Cash Left In

£80,866

Equity

£49,412

Rent Range

£690 - £2,500

Rent Estimate

£1,098

Running Costs/mo

£857

Cashflow/mo

£241

Cashflow/yr

£2,889

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £110K to £350K, average is £173.5K. £1.4K/m² to £3.7K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£165K02/210.01 mi17, Cornwall Avenue, Tyldesley, Manchester, Greater Manchester M29 8LT3
£147.5K06/230.09 mi25, Hertford Drive, Tyldesley, Manchester, Greater Manchester M29 8LU3
£121K03/210.09 mi13, Hertford Drive, Tyldesley, Manchester, Greater Manchester M29 8LU3
£182K03/230.09 mi49, Hertford Drive, Tyldesley, Manchester, Greater Manchester M29 8LU3
£140K01/230.37 mi31, Crawford Avenue, Tyldesley, Manchester, Greater Manchester M29 8ET3
£155K02/210.37 mi89, Crawford Avenue, Tyldesley, Manchester, Greater Manchester M29 8ET3
£240K12/200.45 mi194, Bolton Road, Atherton, Manchester, Greater Manchester M46 9HQ3
£290K11/230.45 mi254, Bolton Road, Atherton, Manchester, Greater Manchester M46 9HQ3
£242K11/220.46 mi215, Bolton Road, Atherton, Manchester, Greater Manchester M46 9HR3
£162.5K07/230.48 mi15, Belmont Avenue, Atherton, Manchester, Greater Manchester M46 9RR3
£173K06/230.49 mi17, Glenview Road, Tyldesley, Manchester, Greater Manchester M29 8NH3
£257.5K02/210.49 mi2, Glenview Road, Tyldesley, Manchester, Greater Manchester M29 8NH3
£245K05/230.5 mi20, Stamford Street, Atherton, Manchester, Greater Manchester M46 9XA3
£191K09/230.52 mi7, Crosby Grove, Atherton, Manchester, Greater Manchester M46 9GN3
£180K09/230.52 mi29, Marlborough Road, Atherton, Manchester, Greater Manchester M46 9LT3
£275K12/230.52 mi16, Crosby Grove, Atherton, Manchester, Greater Manchester M46 9GN3
£190K08/210.52 mi115, Douglas Street, Atherton, Manchester, Greater Manchester M46 9EB3
£170K05/230.52 mi77, Douglas Street, Atherton, Manchester, Greater Manchester M46 9EB3
£179.9K11/210.54 mi186, Bolton Road, Atherton, Manchester, Greater Manchester M46 9LF3
£175.5K11/220.54 mi43, Douglas Street, Atherton, Manchester, Greater Manchester M46 9EB3
£167K01/210.55 mi9, Blandford Close, Tyldesley, Manchester, Greater Manchester M29 8DU3
£175K07/230.55 mi106, Weston Street, Atherton, Manchester, Greater Manchester M46 9LE3
£166K11/220.56 mi37, Sycamore Road, Atherton, Manchester, Greater Manchester M46 9DZ3
£155K03/210.57 mi18, Belvedere Avenue, Atherton, Manchester, Greater Manchester M46 9LQ3
£250K12/220.57 mi22, Ascot Drive, Atherton, Manchester, Greater Manchester M46 9LH3
£207.5K06/230.57 mi6, Central Avenue, Atherton, Manchester, Greater Manchester M46 9RG3
£137K09/210.57 mi11, Central Avenue, Atherton, Manchester, Greater Manchester M46 9RG3
£163K11/200.57 mi16, Central Avenue, Atherton, Manchester, Greater Manchester M46 9RG3
£115K05/210.58 mi23, Beech Street, Atherton, Manchester, Greater Manchester M46 9FA3
£172K01/210.58 mi24, Peel Close, Atherton, Manchester, Greater Manchester M46 9EP3
£325K01/230.59 mi8, Low Green, Atherton, Manchester, Greater Manchester M46 9HS3
£218.8K05/230.59 mi139, Bolton Road, Atherton, Manchester, Greater Manchester M46 9LD3
£145K01/210.59 mi89, Bolton Road, Atherton, Manchester, Greater Manchester M46 9LD3
£255K02/210.59 mi6, Rutland Avenue, Atherton, Manchester, Greater Manchester M46 9JR3
£251K01/210.61 mi29, Lansdowne Road, Atherton, Manchester, Greater Manchester M46 9HL3
£350K10/220.61 mi16, Lansdowne Road, Atherton, Manchester, Greater Manchester M46 9HL3
£200K10/230.62 mi136, Douglas Road, Atherton, Manchester, Greater Manchester M46 9FE3
£157K02/210.62 mi54, Chanters Avenue, Atherton, Manchester, Greater Manchester M46 9EF3
£225K11/220.62 mi5, Malvern Avenue, Atherton, Manchester, Greater Manchester M46 9LP3
£170K04/210.63 mi26, Upton Road, Atherton, Manchester, Greater Manchester M46 9RJ3
£170K05/230.64 mi135, Ellesmere Street, Tyldesley, Manchester, Greater Manchester M29 8GR3
£138.7K05/230.65 mi40, Shakerley Road, Tyldesley, Manchester, Greater Manchester M29 8FQ3
£174K08/210.66 mi12, Caleb Close, Tyldesley, Manchester, Greater Manchester M29 8GN3
£148K02/210.66 mi7, Caleb Close, Tyldesley, Manchester, Greater Manchester M29 8GN3
£110K09/210.66 mi26, Henry Street, Tyldesley, Manchester, Greater Manchester M29 8AQ3
£160K02/210.66 mi16, Ramsey Close, Atherton, Manchester, Greater Manchester M46 9EQ3
£290K12/200.66 mi285, Newbrook Road, Atherton, Manchester, Greater Manchester M46 9GZ3
£123.5K08/210.66 mi1, Back Shakerley Road, Tyldesley, Manchester, Greater Manchester M29 8RF3
£220K03/210.67 mi6, Hillcrest, Atherton, Manchester, Greater Manchester M46 9GY3
£138K08/230.67 mi44, Primrose Street North, Tyldesley, Manchester, Greater Manchester M29 8BQ3

Local Rents

50 rents from £690/mo to £2.5K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£2,50005/240.19 miShakerley Lane, Atherton, Manchester, Greater Manchester3
£89512/240.39 miCrawford Avenue, Tyldesley, M293
£99503/250.54 mi-3
£69005/240.57 mi-3
£95004/250.58 mi-3
£1,04503/250.62 mi-3
£1,45005/240.66 mi-3
£1,57512/240.66 mi-3
£1,57512/240.66 miNewbrook Road, Bolton, M463
£85005/240.68 miBarnes Passage, Atherton3
£85012/240.68 miBarnes Passage, Atherton3
£85005/240.68 miBarnes Passage, Atherton3
£99505/240.7 mi-3
£99505/240.7 mi-3
£1,00012/240.72 mi-3
£1,00011/240.72 mi-3
£95003/250.72 mi-3
£1,05001/250.73 mi-3
£1,40012/240.74 miElliott Street, Tyldesley, M293
£1,40012/240.74 miElliott Street, Tyldesley, M293
£86002/250.8 mi-3
£99512/240.8 miAlexander Street, Tyldesley, Manchester3
£87505/240.8 miWell Street, Tyldesley, M293
£92512/240.8 miWell Street, Tyldesley, M293
£90005/240.84 miHigh Street, Atherton, Manchester3
£1,09503/250.86 mi-3
£1,25012/240.87 mi-3
£1,05002/250.89 mi-3
£1,19512/240.9 miUnsworth Avenue, Tyldesley, M293
£1,20005/240.91 miUnsworth Avenue, Tyldesley, M293
£1,24502/250.92 mi-3
£1,40012/240.93 miElliott Street, Tyldesley, M293
£95001/250.95 mi-3
£85012/241.02 miDevonshire Road, M463
£1,15004/251.03 mi-3
£90006/241.04 miSpa Road, Atherton, Manchester3
£99502/241.06 mi-3
£99502/251.06 mi-3
£90005/241.07 miWindermere Avenue, Atherton, Manchester, Greater Manchester, M463
£92503/251.11 mi-3
£89512/241.11 miCar Bank Street, Atherton, Manchester3
£1,20002/251.12 mi-3
£1,19505/241.18 miThreadneedle Place, Atherton, M463
£1,35012/241.19 miThorncroft Avenue, Tyldesley, M293
£1,35004/251.21 mi-3
£87505/241.23 miAinsdale Avenue, Atherton, Manchester3
£1,10003/251.23 mi-3
£87512/241.23 miAstley Street, Tyldesley, M293
£90005/241.24 mi-3
£95012/241.24 miGlastonbury Road, Tyldesley, M293

Local Area Statistics

Population in M29

22,788

Population in Manchester

920,095

Town centre distance

10.10 miles away

Nearest school

0.30 miles away

Nearest train station

0.53 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £175,000

October 24, 2024

Sold for £129,950

2015

Sold for £127,000

2007

Floor Plans

Description

  • THREE GOOD SIZE BEDROOMS +
  • CLOSE TO TWO OUTSTANDING SCHOOLS +
  • LESS THAN A MILE TO ATHERTON TRAIN STATION +
  • REAR GARDEN COUNTRYSIDE VIEWS +
  • OFF STREET PARKING FOR MULTIPLE CARS +
  • LARGE DETACHED GARAGE +

For sale is this three-bedroom semi-detached dorma house with so much potential to make a wonderful family home. Situated in a peaceful location, just a stone's throw away from schools, green spaces, and parks. Conveniently, Atherton Station is only 0.6 miles away and Junction 4 M61 is 1.53 miles, making commuting a breeze.

The property is in need of renovation and modernisation especially the first floor. However, it has the potential to be transformed into a beautiful family home. The spacious reception room on the ground floor boasts large windows, allowing an abundance of natural light to flood in, and a charming fireplace adding to the cosy atmosphere.

The property comprises of a modern kitchen equipped with wood countertops and contemporary appliances. There is only one reception room, perfect for family gatherings or quiet evenings in. The three bedrooms are spacious with two of them having the added benefit of natural light. The master bedroom is particularly impressive with its generous size.

The property benefits from two bathrooms, one on each floor. The ground floor bathroom is large and includes a bath, while the bathroom on the first floor comes with a heated towel rail and a shower.

Additional features include a garage and off-street parking, ideal for families with more than one car. The garden offers open countryside views, providing a serene backdrop to your new home. The property falls under council tax band B and has an EPC rating of E. It would be an ideal purchase for families, couples, or first-time buyers looking to put their own stamp on a property.

“ Outstanding" schools within walking distance.

Rowan Tree Primary School

Hindsford CofE Primary School

“ GOOD” schools within walking distance

Cambian Tyldesley School

Tyldesley St George's Central CofE Primary School and Nursery

EPC band: E

Buyers guide -

Floor Area 1,054 ft2/ 98 m2
Plot Size 0.06 acres
Local Authority Wigan
Conservation Area No
Council Tax Band Band B

Council Tax Estimate £1,496

Year Built 1950-1966

Flood Risk

Rivers & Seas No Risk
Surface Water Very Low Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, North West & Midlands

01525 659945

Next Steps?

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