3 Bed Semi-Detached House, Refurb/BRRR, Manchester, M19 1QL, £330,000

Homestead Crescent, Manchester, Greater Manchester, M19 1QL - 6 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+9 photos

ValuationFair Value

Sold Prices£208K - £660K
Sold Prices/m²£2K/m² - £5.5K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£331,662

 

 

End Value (After Refurb)

£338,750

Uplift in Value

+-3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£82,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£39,200

Bridging Loan Interest

£8,663

Total Cash In

£148,813

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£338,750

Mortgage (After Refinance)

£254,063

Mortgage LTV

75%

Cash Released

£6,563

Cash Left In

£142,250

Equity

£84,688

Rent Range

£607 - £2,550

Rent Estimate

£1,501

Running Costs/mo

£1,379

Cashflow/mo

£122

Cashflow/yr

£1,466

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £208K to £660K, average is £327K. £2K/m² to £5.5K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£310K06/210.05 mi13, Withnell Road, Manchester, Greater Manchester M19 1GH3
£305K11/230.06 mi436, Kingsway, Manchester, Greater Manchester M19 1JS3
£225K02/210.07 mi41, Homestead Crescent, Manchester, Greater Manchester M19 1GJ3
£335K10/230.07 mi65, Homestead Crescent, Manchester, Greater Manchester M19 1GJ3
£347.5K11/230.07 mi25, Homestead Crescent, Manchester, Greater Manchester M19 1GJ3
£335K10/210.09 mi10, Colemore Avenue, Manchester, Greater Manchester M20 6JR3
£285K01/210.09 mi12, Colemore Avenue, Manchester, Greater Manchester M20 6JR3
£370K08/230.12 mi323, Parrs Wood Road, Manchester, Greater Manchester M20 6GR3
£245K09/210.12 mi15, Leyland Avenue, Manchester, Greater Manchester M20 6EW3
£333K03/210.12 mi92, Homestead Crescent, Manchester, Greater Manchester M19 1GL3
£285K09/230.13 mi3, Lancing Avenue, Manchester, Greater Manchester M20 6ET3
£298K11/230.16 mi406, Kingsway, Manchester, Greater Manchester M19 1PL3
£220K10/200.17 mi7, Norwood Avenue, Manchester, Greater Manchester M20 6EX3
£277.5K03/210.17 mi21, Norwood Avenue, Manchester, Greater Manchester M20 6EX3
£321K01/230.17 mi27, Norwood Avenue, Manchester, Greater Manchester M20 6EX3
£295K12/200.18 mi13, Hurstfold Avenue, Manchester, Greater Manchester M19 1RE3
£400K01/230.18 mi709, Burnage Lane, Manchester, Greater Manchester M19 1RR3
£455K08/230.19 mi105, Catterick Road, Manchester, Greater Manchester M20 6HD3
£385K02/210.2 mi155, School Lane, Didsbury, Manchester, Greater Manchester M20 6JP3
£660K11/230.21 mi50, Willow Way, Manchester, Greater Manchester M20 6JS3
£435K11/200.21 mi1, Willow Way, Manchester, Greater Manchester M20 6JT3
£370K11/220.22 mi16, Queensway, Manchester, Greater Manchester M19 1QP3
£345K11/230.22 mi3, Catterick Avenue, Manchester, Greater Manchester M20 6HH3
£225K10/230.22 mi52, Uppermill Drive, Manchester, Greater Manchester M19 1RU3
£400K10/230.24 mi15, The Drive, Manchester, Greater Manchester M20 6HZ3
£290K11/200.24 mi15, Queensway, Manchester, Greater Manchester M19 1QP3
£240K12/200.24 mi19, Chevington Drive, Stockport, Greater Manchester SK4 3RF3
£370K07/230.25 mi20, Berwick Avenue, Stockport, Greater Manchester SK4 3AA3
£255K01/210.25 mi5, Berwick Avenue, Stockport, Greater Manchester SK4 3AA3
£280K05/210.25 mi52, Berwick Avenue, Stockport, Greater Manchester SK4 3AA3
£345K06/210.25 mi23, Berwick Avenue, Stockport, Greater Manchester SK4 3AA3
£250K07/230.25 mi12, Hurstbank Avenue, Manchester, Greater Manchester M19 1PN3
£302K03/230.25 mi40, Chevington Drive, Stockport, Greater Manchester SK4 3RG3
£350K09/230.25 mi516, Kingsway, Manchester, Greater Manchester M19 1GW3
£270K02/210.26 mi37, Lavister Avenue, Manchester, Greater Manchester M19 1RT3
£380K11/210.26 mi8, Riva Road, Manchester, Greater Manchester M19 1GP3
£275K02/230.27 mi20, Westcroft Road, Manchester, Greater Manchester M19 1PU3
£425K03/230.27 mi25, Austin Drive, Manchester, Greater Manchester M20 6EB3
£415K11/220.27 mi8, Linehan Close, Stockport, Greater Manchester SK4 3BQ3
£208K03/230.28 mi348, Kingsway, Manchester, Greater Manchester M19 1PW3
£260K06/230.28 mi346, Kingsway, Manchester, Greater Manchester M19 1PW3
£355K02/210.28 mi8, Austin Drive, Manchester, Greater Manchester M20 6EG3
£440K10/230.28 mi34, Austin Drive, Manchester, Greater Manchester M20 6EG3
£525K07/230.28 mi22, Austin Drive, Manchester, Greater Manchester M20 6EG3
£252.5K01/210.28 mi15, Leafield Avenue, Manchester, Greater Manchester M20 6EJ3
£268K03/230.28 mi17, Fernbray Avenue, Manchester, Greater Manchester M19 1PQ3
£235K09/230.28 mi9, Melbury Avenue, Manchester, Greater Manchester M20 6FH3
£475K01/210.29 mi25, Catterick Road, Manchester, Greater Manchester M20 6HF3
£334.5K12/200.29 mi35, Ingram Drive, Stockport, Greater Manchester SK4 3RH3
£450K03/220.29 mi114, School Lane, Didsbury, Manchester, Greater Manchester M20 6JB3

Local Rents

45 rents from £607/mo to £2.5K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,95012/240.02 mi-3
£1,70005/240.07 miHomestead Crescent, Manchester, M19 3
£1,20002/250.15 mi-3
£1,40002/250.16 mi-3
£1,39505/240.16 miNorwood Avenue, Manchester3
£1,80012/240.23 mi-3
£1,70005/240.26 miAustin Drive, Didsbury, Manchester3
£2,10004/250.28 mi-3
£1,69003/250.28 mi-3
£1,35005/240.28 miMelbury Avenue, Manchester, M203
£1,30009/240.3 miBerwick Avenue, Heaton Mersey, Stockport, SK43
£1,40005/240.3 miFernbray Avenue, Manchester, M193
£1,50005/240.31 mi-3
£1,50012/240.31 mi-3
£1,50008/240.31 miBerwick Avenue, Heaton Mersey, Stockport3
£1,60005/240.31 mi-3
£1,95005/240.34 miSchool Lane, Didsbury, Manchester, M203
£1,95005/240.36 miWilloughby Avenue, Didsbury, M20 6AS3
£1,30005/240.37 miSchool Lane, Didsbury, M203
£1,80005/240.39 miAdria Road, Didsbury3
£1,45005/240.4 miWhitehall Road, Didsbury, M20 6RY3
£1,40004/250.4 mi-3
£1,55005/240.41 miParrs Wood Avenue, East Didsbury, Manchester3
£2,10005/240.46 miBrayton Avenue, Manchester, Greater Manchester, M203
£1,45009/240.46 miCrossgate Mews, Heaton Mersey, Stockport3
£1,27506/240.46 miWestcroft Road, Manchester, Greater Manchester, M203
£1,50012/240.47 mi-3
£1,30004/250.47 mi-3
£1,50005/240.47 miFog Lane, Didsbury, Manchester, M203
£2,00009/240.51 miBluestone Drive, Stockport3
£1,55005/240.52 miElm Grove, Didsbury, Manchester, M203
£1,40004/250.53 mi-3
£1,90005/240.55 miKnightsbridge Mews, Manchester, M203
£1,35008/240.55 miKingsleigh Road, Heaton Mersey, Stockport, Greater Manchester, SK43
£2,27512/240.57 mi-3
£2,55006/240.57 miAlbert Hill Street, Manchester, M203
£60705/240.57 miWilmslow Road , , 3
£65005/240.57 miWilmslow Road, , 3
£65005/240.57 miWilmslow Road, , 3
£65005/240.57 miWilmslow Road, , 3
£65005/240.57 miWilmslow Road, , 3
£65005/240.57 miWilmslow Road, , 3
£1,95005/240.59 mi-3
£1,39008/240.6 miMeltham Close, Stockport, Greater Manchester, SK43
£1,70012/240.61 mi-3

Local Area Statistics

Population in M19

34,838

Population in Manchester

920,095

Town centre distance

2.93 miles away

Nearest school

0.20 miles away

Nearest train station

0.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Price changed to £330,000

January 19, 2025

Listed for £350,000

November 5, 2024

Floor Plans

Description

Discover this charming semi-detached family home, situated in a desirable area on the boarder of Burnage and Didsbury Village, excellent transport links, and well-regarded local schools. Although the property has been well-maintained over the years, it presents an excellent opportunity for modernisation.

As you step inside, you’re welcomed by an entrance hall that leads to a staircase ascending to the first floor. The inviting living room features a curved bay window, offering lovely views of the front garden. At the rear, a bright and airy dining room is illuminated by natural light from double doors that open directly onto the garden. The generously-sized kitchen provides plenty of room for cabinetry and integrated appliances, with a door leading to the driveway and garden.

The first floor is home to three comfortable bedrooms, all conveniently serviced by a family bathroom.

The property is approached via a driveway, accompanied by a neat lawn area at the front. The driveway runs alongside the house, providing access to the garage and garden. The picturesque landscaped garden is predominantly laid to lawn, enhanced by mature borders. A patio area, accessible from the dining room, creates a perfect setting for outdoor entertaining during warmer months.

Agent Details

Thornley Groves, Didsbury

0161 524 7643

Next Steps?

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