3 Bed Terraced House, Refurb/BRRR, Leigh, WN7 2AN, £160,000

Chapel Street, Leigh, WN7 2AN - 5 views - 5 months ago

Refurb/BRRR
ROI: 4%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£90K - £330K
Sold Prices/m²£1K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£160,000

 

 

End Value (After Refurb)

£141,385

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£39,200

Bridging Loan Interest

£4,200

Total Cash In

£91,150

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£141,385

Mortgage (After Refinance)

£106,039

Mortgage LTV

75%

Cash Left In

£91,150

Equity

£35,346

Rent Range

£700 - £1,100

Rent Estimate

£921

Running Costs/mo

£646

Cashflow/mo

£275

Cashflow/yr

£3,300

ROI

4%

Gross Yield

7%

Local Sold Prices

49 sold prices from £90K to £330K, average is £160K. £1K/m² to £4K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£114K07/230.06 mi15, Clifford Street, Leigh, Greater Manchester WN7 2BS3
£145K11/210.08 mi14, Boundary Street, Leigh, Greater Manchester WN7 2AT3
£105.3K02/210.12 mi22, Georgian Court, Leigh, Greater Manchester WN7 2EG3
£140K12/230.13 mi44, Rothay Street, Leigh, Greater Manchester WN7 2DS3
£117.5K07/230.13 mi42, Rothay Street, Leigh, Greater Manchester WN7 2DS3
£132K09/230.13 mi21, Lingard Street, Leigh, Greater Manchester WN7 2AQ3
£135K03/230.19 mi53, Bedford Square, Leigh, Greater Manchester WN7 2AA3
£120K08/230.19 mi25, Bedford Square, Leigh, Greater Manchester WN7 2AA3
£105K06/210.22 mi22, Edale Road, Leigh, Greater Manchester WN7 2BD3
£91K04/210.22 mi6, Edale Road, Leigh, Greater Manchester WN7 2BD3
£105K11/210.24 mi17, Turner Street, Leigh, Greater Manchester WN7 2DE3
£100K02/240.24 mi22, Turner Street, Leigh, Greater Manchester WN7 2DE3
£282K10/230.24 mi41, Priestfields, Leigh, Greater Manchester WN7 2RG3
£101K05/230.25 mi2, South Avenue, Hope Carr, Leigh, Greater Manchester WN7 3BL3
£172.5K12/200.25 mi41, Hawkhurst Park, Leigh, Greater Manchester WN7 2TG3
£184K04/230.25 mi67, Ennerdale Road, Leigh, Greater Manchester WN7 2TA3
£156K08/230.26 mi85, Manchester Road, Leigh, Greater Manchester WN7 2LE3
£135K08/230.26 mi112, Ennerdale Road, Leigh, Greater Manchester WN7 2TB3
£206K05/210.27 mi22, Sandersons Croft, Leigh, Greater Manchester WN7 2BA3
£128K09/210.29 mi204, Hope Carr Road, Leigh, Greater Manchester WN7 3AL3
£165K12/230.31 mi19, Hooten Lane, Leigh, Greater Manchester WN7 3BY3
£154K12/230.31 mi32, Hooten Lane, Leigh, Greater Manchester WN7 3BY3
£90K07/240.31 mi505, Holden Road, Leigh, Greater Manchester WN7 2JJ3
£233K03/230.31 mi483, Holden Road, Leigh, Greater Manchester WN7 2JJ3
£207.5K06/240.32 mi10, Mallory Drive, Leigh, Greater Manchester WN7 2HY3
£185K02/210.32 mi14, Butts Avenue, Leigh, Greater Manchester WN7 3DH3
£200K10/230.32 mi28, Butts Avenue, Leigh, Greater Manchester WN7 3DH3
£160K04/210.33 mi6, Queens Gardens, Leigh, Greater Manchester WN7 2JH3
£130K11/200.34 mi58, South Avenue, Hope Carr, Leigh, Greater Manchester WN7 3BU3
£109K07/230.34 mi44, Siddow Common, Leigh, Greater Manchester WN7 3EN3
£280K08/230.35 mi84, Brunswick Street, Leigh, Greater Manchester WN7 2PL3
£232.5K04/230.35 mi80, Brunswick Street, Leigh, Greater Manchester WN7 2PL3
£130K02/230.35 mi5, Arrow Street, Leigh, Greater Manchester WN7 3AR3
£300K06/230.36 mi21, Wensleydale Road, Leigh, Greater Manchester WN7 2HX3
£187.5K06/210.37 mi2, Princes Gardens, Leigh, Greater Manchester WN7 2JQ3
£315K08/210.37 mi21, Thorneycroft, Leigh, Greater Manchester WN7 2TH3
£180K08/210.37 mi6a, Entwistle Grove, Leigh, Greater Manchester WN7 3DQ3
£230K02/230.37 mi11, Entwistle Grove, Leigh, Greater Manchester WN7 3DQ3
£270K09/210.37 mi318, Holden Road, Leigh, Greater Manchester WN7 2HG3
£300K11/230.37 mi33, Walkers Drive, Leigh, Greater Manchester WN7 2JP3
£173K02/210.38 mi5, Melverley Drive, Leigh, Greater Manchester WN7 2HZ3
£168.5K01/210.38 mi95, Sandersons Croft, Leigh, Greater Manchester WN7 2BB3
£193K09/230.38 mi89, Sandersons Croft, Leigh, Greater Manchester WN7 2BB3
£235K08/210.39 mi18, Penleach Avenue, Leigh, Greater Manchester WN7 2HJ3
£118K12/230.4 mi122, Henry Street, Leigh, Greater Manchester WN7 3ER3
£130K03/230.42 mi36, Dakins Road, Leigh, Greater Manchester WN7 3AU3
£145K12/200.42 mi58, Dakins Road, Leigh, Greater Manchester WN7 3AU3
£178K05/210.42 mi8, Green Lane, Leigh, Greater Manchester WN7 2TD3
£330K03/230.42 mi20, Green Lane, Leigh, Greater Manchester WN7 2TD3

Local Rents

15 rents from £700/mo to £1.1K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£97502/250.06 mi-3
£70002/250.07 mi-3
£89502/250.1 mi-3
£85011/240.17 mi-3
£87511/240.19 mi-3
£95012/240.22 mi-3
£92511/240.28 miManchester Road, Leigh3
£99502/250.29 mi-3
£79511/240.29 miMiriam Grove, Leigh3
£1,09511/240.38 mi-3
£89511/240.39 mi-3
£94511/240.4 mi-3
£92510/240.57 mi-3
£95011/240.59 mi-3
£1,10002/250.61 mi-3

Local Area Statistics

Population in WN7

47,819

Town centre distance

188.38 miles away

Nearest school

0.10 miles away

Nearest train station

2.69 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £160,000

November 13, 2024

Floor Plans

Description

  • A Superb Investment Opportunity +
  • Deceptively Spacious End Terrace +
  • Requiring A Full Refurbishment & Modernisation +
  • Walking Distance To Leigh Town Centre +
  • Two Spacious Reception Rooms & Kitchen +
  • Three Generous Bedrooms & Bathroom +
  • Basement & Garage Provide Bags Of Extra Storage +
  • Close To Local Amenities, Retail Parks, Commuting Links, Sports Village & Country Park +

ATTENTION INVESTORS…Do Not Miss This Deceptively Spacious End Terrace Property Located Within Walking Distance To Leigh Town Centre. Requiring a full refurbishment and modernisation, this house is a blank canvas to create the home you want! The property consists of a deep entrance hallway, two spacious open plan, reception rooms, a kitchen, three generous bedrooms and bathroom plus a basement and garage providing bags of extra storage and rear courtyard with gated access. Close to local amenities such as Leigh Parsonage Retail Park, The Loom Retail park and the town centre of Leigh. Superb commuting links including Leigh Guided Busway and the A580 East Lancashire Road into Manchester city centre. Leigh Sports Village and Pennington Country Park are close by. A Superb Investment Opportunity!

Agent Details

Sell Well, Worsley

0161 524 2355

Next Steps?

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