3 Bed Semi-Detached House, Refurb/BRRR, Manchester, M29 7EH, £155,000

Green Avenue, Tyldesley, M29 7EH - 5 views - 6 months ago

Sold STC
Leasehold
Auction
Refurb/BRRR
ROI: 2%
~93 m²
+22 photos

ValuationUndervalued

Sold Prices£103K - £330K
Sold Prices/m²£1.4K/m² - £6.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£175,100
BMV3%

 

 

End Value (After Refurb)

£230,563

Uplift in Value

+36%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£6,300

Refurb Costs

£39,200

Bridging Loan Interest

£4,069

Total Cash In

£90,069

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£230,563

Mortgage (After Refinance)

£172,922

Mortgage LTV

75%

Cash Released

£56,672

Cash Left In

£33,397

Equity

£57,641

Rent Range

£850 - £1,900

Rent Estimate

£1,148

Running Costs/mo

£970

Cashflow/mo

£178

Cashflow/yr

£2,135

ROI

2%

Gross Yield

9%

Local Sold Prices

50 sold prices from £103K to £330K, average is £194K. £1.4K/m² to £6.7K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£168K11/200.03 mi55, Green Avenue, Astley, Manchester, Greater Manchester M29 7EH3
£250K08/230.03 mi25, Green Avenue, Astley, Manchester, Greater Manchester M29 7EH3
£185K12/200.08 mi139, Manchester Road, Astley, Manchester, Greater Manchester M29 7FH3
£260K04/230.08 mi155, Manchester Road, Astley, Manchester, Greater Manchester M29 7FH3
£255K04/230.11 mi78, Green Avenue, Astley, Manchester, Greater Manchester M29 7FF3
£180K03/210.11 mi69, Green Avenue, Astley, Manchester, Greater Manchester M29 7FF3
£213K02/230.12 mi177, Manchester Road, Astley, Manchester, Greater Manchester M29 7SD3
£155K11/200.12 mi167, Manchester Road, Astley, Manchester, Greater Manchester M29 7SD3
£296K03/210.2 mi12, Rufford Place, Astley, Manchester, Greater Manchester M29 7EL3
£125K03/210.32 mi35, Caldwell Avenue, Astley, Manchester, Greater Manchester M29 7EA3
£103K03/210.38 mi56, Caldwell Avenue, Astley, Manchester, Greater Manchester M29 7SA3
£141K07/210.38 mi25, Meadow Walk, Astley, Manchester, Greater Manchester M29 7FA3
£128.5K02/210.38 mi33, Meadow Walk, Astley, Manchester, Greater Manchester M29 7FA3
£215.9K06/230.41 mi36, South Lane, Astley, Manchester, Greater Manchester M29 7DF3
£317.9K05/230.45 mi22, Parkdale, Astley, Manchester, Greater Manchester M29 7DR3
£245K12/200.46 mi33, South Lane, Astley, Manchester, Greater Manchester M29 7GQ3
£270K12/200.46 mi25, South Lane, Astley, Manchester, Greater Manchester M29 7GQ3
£195K02/210.47 mi59, Rutland Street, Leigh, Greater Manchester WN7 2NS3
£220K01/240.47 mi15, Rutland Street, Leigh, Greater Manchester WN7 2NR3
£222K12/230.47 mi35, Rutland Street, Leigh, Greater Manchester WN7 2NR3
£257K07/240.47 mi11, Rutland Street, Leigh, Greater Manchester WN7 2NR3
£275K06/210.5 mi25, Crossgill, Astley, Manchester, Greater Manchester M29 7DT3
£283K11/200.5 mi30, Crossgill, Astley, Manchester, Greater Manchester M29 7DT3
£322K06/230.5 mi4, Crossgill, Astley, Manchester, Greater Manchester M29 7DT3
£283K07/230.5 mi2, Crossgill, Astley, Manchester, Greater Manchester M29 7DT3
£165K12/200.51 mi26, High Street, Astley, Manchester, Greater Manchester M29 7DD3
£330K12/220.52 mi25, Crossgill, Astley, Manchester, Greater Manchester M29 7DT3
£200K05/230.54 mi377, Manchester Road, Astley, Manchester, Greater Manchester M29 7DX3
£160K03/210.58 mi31, North Lane, Astley, Manchester, Greater Manchester M29 7BF3
£140K05/210.62 mi26, Princes Avenue, Astley, Manchester, Greater Manchester M29 7DA3
£140K04/210.62 mi87, Princes Avenue, Astley, Manchester, Greater Manchester M29 7AW3
£133K11/210.63 mi311, Warwick Street, Leigh, Greater Manchester WN7 2NH3
£185K12/200.63 mi65, North Lane, Astley, Manchester, Greater Manchester M29 7AB3
£145K12/230.63 mi317, York Street, Leigh, Greater Manchester WN7 2NF3
£116K06/230.64 mi8, Devon Street, Leigh, Greater Manchester WN7 2NG3
£182K11/200.66 mi446, Manchester Road, Astley, Manchester, Greater Manchester M29 7BT3
£220K05/230.66 mi446, Manchester Road, Astley, Manchester, Greater Manchester M29 7BT3
£155K11/200.67 mi13, Cranworth Avenue, Astley, Manchester, Greater Manchester M29 7AJ3
£153K02/210.69 mi32, Beechwood Crescent, Astley, Manchester, Greater Manchester M29 7AH3
£155K03/210.69 mi17, Beechwood Crescent, Astley, Manchester, Greater Manchester M29 7AH3
£156K01/240.74 mi253, York Street, Leigh, Greater Manchester WN7 2NE3
£192K04/210.75 mi16, Norwood Avenue, Astley, Manchester, Greater Manchester M29 7AP3
£230K11/210.76 mi9, Scott Street, Astley, Manchester, Greater Manchester M29 7QS3
£175K03/210.76 mi13, Parkfield Close, Astley, Manchester, Greater Manchester M29 7GH3
£237K06/230.77 mi35, Moorgate Drive, Astley, Manchester, Greater Manchester M29 7DG3
£219.9K04/210.77 mi14, Moorgate Drive, Astley, Manchester, Greater Manchester M29 7DG3
£278K10/220.78 mi10, Parkfield Close, Astley, Manchester, Greater Manchester M29 7GH3
£135K03/210.79 mi21, Peace Street, Astley, Manchester, Greater Manchester M29 7DN3
£196K11/210.79 mi29, Parkfield Avenue, Astley, Manchester, Greater Manchester M29 7BE3
£193K11/200.79 mi16, Parkfield Avenue, Astley, Manchester, Greater Manchester M29 7BE3

Local Rents

23 rents from £850/mo to £1.9K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£99505/240.55 miNorth Lane, Tyldesley, M293
£97512/240.68 miCranworth Avenue, Tyldesley, M293
£1,37502/240.81 mi-3
£1,25012/240.82 miBrook Drive, Manchester, M293
£1,20005/240.85 miSunnybank Road, Tyldesley, M293
£95002/250.93 mi-3
£87512/240.96 miAstley Street, Tyldesley, M293
£1,35012/240.98 miEnnerdale Road, Tyldesley M293
£1,35004/250.98 mi-3
£1,90012/240.99 miGreat Moss Road, Tyldesley, M293
£1,19504/250.99 mi-3
£1,79504/251.01 mi-3
£1,35012/241.01 miThorncroft Avenue, Tyldesley, M293
£1,19512/241.01 miDovey Close, Tyldesley3
£1,45012/241.02 miAbbeycroft Close, Tyldesley3
£85003/251.03 mi-3
£95012/241.13 miStour Road, Astley, Tyldesley, M293
£92511/241.13 miManchester Road, Leigh3
£95012/241.15 miGlastonbury Road, Tyldesley, M293
£1,05005/241.18 mi-3
£87511/241.21 mi-3
£1,05005/241.21 miTintern Avenue, M293
£95012/241.22 mi-3

Local Area Statistics

Population in M29

22,788

Population in Manchester

920,095

Town centre distance

9.33 miles away

Nearest school

0.20 miles away

Nearest train station

2.49 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Price changed to £155,000

March 8, 2025

Listed for £170,000

November 1, 2024

Floor Plans

Description

  • TRADITIONAL THREE BED SEMI +
  • IN NEED OF SOME MODERNISATION +
  • ENTRANCE HALLWAY/DOWNSTAIRS CLOAKS/W.C/WETROOM +
  • SPACIOUS LOUNGE +
  • KITCHEN/BREAKFAST ROOM +
  • FAMILY BATHROOM +
  • GARDENS TO REAR WITH OPEN OUTLOOK +
  • DRIVEWAY/DETACHED GARAGE +
  • NO ONWARD CHAIN +
  • NOT FAMILIAR WITH MODERN METHOD OF AUCTION? IT'S A MUCH MORE SIMPLE PROCESS THAN YOU THINK! +

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional. Never dealt with modern method of auction before? Telephone our offices for more information, it is a much simpler process than you think. A fantastic opportunity awaits for those seeking to create their DREAM FAMILY HOME in a prime location with this traditional EXTENDED, THREE BEDROOM SEMI-DETACHED house. In need of some modernisation, this property offers a blank canvas for those with a vision. Upon entering, the welcoming HALLWAY leads into a spacious LOUNGE with dual aspect windows creating an abundance of light. The KITCHEN/BREAKFAST room provides ample space cooking and breakfast seating, while a convenient downstairs CLOAKROOM/W.C/WET ROOM adds to the practicality of the home.
Upstairs, you will find THREE BEDROOMS and a FAMILY BATHROOM for added convenience. Outside, the GARDENS to the rear boast an open outlook, with potential to be an area to enjoy the outdoors and entertain guests. A DRIVEWAY and DETACHED GARAGE offer ample off-road parking and additional storage.
With NO ONWARD CHAIN, this property is priced to sell, offering an exciting opportunity for buyers to make their mark and create a beautiful living space.

The outside space of this property enhances its appeal with a GARDEN TO THE REAR and wall fronted PAVED GARDEN TO THE FRONT. The DETACHED GARAGE features a newly fitted up and over door, providing secure storage space for vehicles or additional belongings. A DRIVEWAY complements the garage, allowing for off-road parking and further convenience for residents and guests. The open outlook from the rear garden enhances the sense of peace and privacy and residents will appreciate the outdoor amenities that this property offers. Don't miss the chance to own this property and transform it into a home that perfectly suits your lifestyle needs.

Agent Details

Smoothmove Property, Tyldesley

01942 368443

Next Steps?

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

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