2 Bed Terraced House, Refurb/BRRR, Manchester, M27 9RY, £150,000

Moss Lane, Swinton, Manchester, M27 9RY - 2 views - 5 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 4%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£101.3K - £255K
Sold Prices/m²£1.4K/m² - £4.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£154,500
BMV3%

 

 

End Value (After Refurb)

£157,503

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£28,709

Bridging Loan Interest

£3,938

Total Cash In

£77,597

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£157,503

Mortgage (After Refinance)

£118,128

Mortgage LTV

75%

Cash Released

£5,628

Cash Left In

£71,969

Equity

£39,376

Rent Range

£750 - £1,175

Rent Estimate

£946

Running Costs/mo

£701

Cashflow/mo

£245

Cashflow/yr

£2,935

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £101.3K to £255K, average is £166.5K. £1.4K/m² to £4.6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£220K10/210.03 mi133, Charles Street, Swinton, Manchester, Greater Manchester M27 9US2
£230K06/230.07 mi3, Ardens Close, Swinton, Manchester, Greater Manchester M27 9XR2
£232.5K04/210.07 mi36, Wheatley Road, Wardley, Manchester, Greater Manchester M27 9RW2
£126.5K12/200.09 mi62, Moss Lane, Wardley, Manchester, Greater Manchester M27 9RZ2
£190K04/230.11 mi58, Charles Street, Swinton, Manchester, Greater Manchester M27 9XF2
£193K07/230.11 mi78, Charles Street, Swinton, Manchester, Greater Manchester M27 9XF2
£165K12/220.12 mi61, Charles Street, Swinton, Manchester, Greater Manchester M27 9UR2
£174.5K01/230.13 mi44, Entwisle Street, Wardley, Manchester, Greater Manchester M27 9SB2
£175K03/230.13 mi46, Entwisle Street, Wardley, Manchester, Greater Manchester M27 9SB2
£165K08/210.15 mi69, Moss Lane, Wardley, Manchester, Greater Manchester M27 9RD2
£210K05/210.16 mi28, Moss Bank Road, Wardley, Manchester, Greater Manchester M27 9UY2
£240K11/200.16 mi42, Moss Bank Road, Wardley, Manchester, Greater Manchester M27 9UY2
£162K04/210.16 mi43, Mulgrave Street, Swinton, Manchester, Greater Manchester M27 9XH2
£190K06/230.18 mi29, Sindsley Road, Wardley, Manchester, Greater Manchester M27 9XA2
£158.6K11/200.18 mi31, Charles Street, Swinton, Manchester, Greater Manchester M27 9UG2
£160K10/210.21 mi36, Westminster Street, Swinton, Manchester, Greater Manchester M27 9XW2
£190K12/220.21 mi54, Westminster Street, Swinton, Manchester, Greater Manchester M27 9XW2
£164K03/230.21 mi30, Mulgrave Street, Swinton, Manchester, Greater Manchester M27 9XJ2
£154.9K02/210.23 mi24, Beatrice Street, Swinton, Manchester, Greater Manchester M27 9XN2
£170K10/210.23 mi16, Beatrice Street, Swinton, Manchester, Greater Manchester M27 9XN2
£145K06/210.23 mi27, Beatrice Street, Swinton, Manchester, Greater Manchester M27 9XN2
£190K11/210.26 mi8, Arundel Street, Wardley, Manchester, Greater Manchester M27 9GQ2
£150K09/210.26 mi25, Hamilton Street, Swinton, Manchester, Greater Manchester M27 9XL2
£160K01/230.28 mi635, Manchester Road, Wardley, Manchester, Greater Manchester M27 9QH2
£139K03/210.28 mi647, Manchester Road, Wardley, Manchester, Greater Manchester M27 9QH2
£210K05/230.28 mi12, Banbury Mews, Wardley, Manchester, Greater Manchester M27 9QZ2
£162K10/210.29 mi56, Cemetery Road South, Swinton, Manchester, Greater Manchester M27 9TH2
£168K02/210.29 mi28, Cemetery Road South, Swinton, Manchester, Greater Manchester M27 9TH2
£152K04/210.29 mi48, Cemetery Road South, Swinton, Manchester, Greater Manchester M27 9TH2
£165K04/210.29 mi32, Cemetery Road South, Swinton, Manchester, Greater Manchester M27 9TH2
£180K02/230.29 mi2, Alder Drive, Wardley, Manchester, Greater Manchester M27 9QG2
£156K04/210.31 mi35, Cemetery Road South, Swinton, Manchester, Greater Manchester M27 9TA2
£215K03/230.32 mi18, Normanby Street, Swinton, Manchester, Greater Manchester M27 9TW2
£207K12/220.32 mi12, Normanby Street, Swinton, Manchester, Greater Manchester M27 9TW2
£186K03/230.33 mi6, Normanby Grove, Swinton, Manchester, Greater Manchester M27 9UF2
£114.7K04/210.33 miFlat 9, Copplestone Court, Longview Drive, Wardley, Manchester, Greater Manchester M27 9GJ2
£255K07/220.35 mi4, Tamarin Close, Wardley, Manchester, Greater Manchester M27 9GB2
£140K08/230.38 mi290, Moorside Road, Swinton, Manchester, Greater Manchester M27 9PW2
£121.5K01/210.42 mi345, Chorley Road, Swinton, Manchester, Greater Manchester M27 6AY2
£171K11/200.43 mi16, Glen Avenue, Swinton, Manchester, Greater Manchester M27 9PL2
£233K01/230.49 mi3, Chendre Close, Pendlebury, Manchester, Greater Manchester M27 6HJ2
£156K03/210.52 mi6, Watton Close, Pendlebury, Manchester, Greater Manchester M27 6HE2
£220K06/230.52 mi5, Watton Close, Pendlebury, Manchester, Greater Manchester M27 6HE2
£181.5K03/230.54 mi44, Warwick Street, Pendlebury, Manchester, Greater Manchester M27 6DX2
£101.3K08/210.57 mi5, Rosehill Road, Pendlebury, Manchester, Greater Manchester M27 6QD2
£175K12/220.62 mi42, Wesley Street, Swinton, Manchester, Greater Manchester M27 6AD2
£152K04/210.64 mi203, Moorside Road, Swinton, Manchester, Greater Manchester M27 9LD2
£158.1K03/230.65 mi30, Fitton Crescent, Clifton, Manchester, Greater Manchester M27 6PJ2
£152.5K06/210.67 mi6, Kirkstile Place, Clifton, Manchester, Greater Manchester M27 6WT2
£115K02/210.68 mi8, Wilfrid Street, Swinton, Manchester, Greater Manchester M27 6AN2

Local Rents

24 rents from £750/mo to £1.2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£95002/250.28 mi-2
£99505/240.31 miNormanby Street, Swinton, Manchester, Greater Manchester, M272
£95005/240.32 mi-2
£1,10012/240.34 mi-2
£1,10005/240.34 miNormanby Street, Swinton, Manchester, M272
£89504/240.37 mi-2
£1,17505/240.43 mi-2
£95005/240.44 miManchester Road, Swinton, Manchester2
£99505/240.44 miCashel Court Swinton2
£95005/240.48 miMoss Colliery Road, Clifton2
£93002/250.49 mi-2
£99501/250.49 mi-2
£1,00005/240.51 miChendre Close, Pendlebury, Swinton, Manchester, M272
£93512/240.55 mi-2
£98002/250.56 mi-2
£97501/250.6 mi-2
£97503/250.6 mi-2
£80005/240.6 miLittle Moss Lane, Clifton, Swinton, Manchester, M272
£90012/240.6 mi2A Police Street, Eccles, Manchester, M302
£82505/240.6 miLittle Moss Lane, Clifton, Swinton, Manchester, M272
£80005/240.6 miLittle Moss Lane, Clifton, Swinton, Manchester, M272
£75005/240.61 miLittle Moss Court, Little Moss Lane, Swinton 2
£95002/240.61 mi-2
£95006/240.62 miWesley Street, Salford, M272

Local Area Statistics

Population in M27

41,624

Population in Manchester

920,095

Town centre distance

6.08 miles away

Nearest school

0.20 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+47%

Sales demand

Seller's market

Capital growth (5yrs)

+36%

Property History

Listed for £150,000

November 5, 2024

Description

  • Period Terrace Property +
  • Opportunity To Improve & Add Value +
  • For Sale With No Chain +
  • Two Reception Rooms +
  • Two Bedrooms & Modern Shower Room +
  • Generous Enclosed Rear Garden +
  • Well Positioned For Swinton & Walkden Shopping Centre +
  • Close To Moorside Train Station +

IN NEED OF REFURBISHMENT AND MODERNISATION!! This Period Terrace property is an excellent opportunity to improve and add value. For Sale With No Chain! Comprising two reception rooms, kitchen, two bedrooms and modern shower room. Outside to the rear a generous enclosed garden with timber storage shed and gated access to the rear. Located off Manchester Road, close to Moorside Train Station, well positioned for Swinton and Walkden Shopping Centre. Close to the A580 with great access into Manchester City Centre and Salford Quays. Properties like this get snapped up quicky. Do not Miss out!

Agent Details

Sell Well, Worsley

0161 524 2355

Next Steps?

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