7 Bed Terraced House, Refurb/BRRR, Manchester, M19 3AE, £345,000

4 Carrill Grove, Manchester, Greater Manchester, M19 3AE - 2 views - 5 months ago

Refurb/BRRR
158 m²
+35 photos

ValuationUndervalued

Sold Prices£175K - £1.7M
Sold Prices/m²£968/m² - £4.6K/m²

 

 

Square Metres

158 m²
Price/m²£2.2K/m²

Value Estimate

£391,484

 

 

End Value (After Refurb)

£413,810

Uplift in Value

+-3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£86,250

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£66,598

Bridging Loan Interest

£9,056

Total Cash In

£186,354

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£413,810

Mortgage (After Refinance)

£310,357

Mortgage LTV

75%

Cash Released

£51,607

Cash Left In

£134,747

Equity

£103,452

Rent Range

£600 - £6,283

Rent Estimate

£1,703

Running Costs/mo

£1,654

Cashflow/mo

£49

Cashflow/yr

£591

ROI

0%

Gross Yield

6%

Local Sold Prices

7 sold prices from £175K to £1.7M, average is £1.0M. £968/m² to £4.6K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£175K10/220.91 mi71, Birch Lane, Manchester, Greater Manchester M13 0WW7
£220K02/232.1 mi29, Darlington Road, Manchester, Greater Manchester M20 1JB7
£1.1M02/212.27 mi26, Clothorn Road, Manchester, Greater Manchester M20 6BP7
£1.7M02/232.27 mi32, Clothorn Road, Manchester, Greater Manchester M20 6BP7
£980K08/212.4 mi25, Moorland Road, Manchester, Greater Manchester M20 6BB7
£1.0M07/232.49 mi50, Clyde Road, Manchester, Greater Manchester M20 2WJ7
£1.1M02/212.56 mi7, Linden Road, Manchester, Greater Manchester M20 2QJ7

Local Rents

50 rents from £600/mo to £6.3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£5,00004/250.01 mi-6
£1,30005/240.11 miAlbert Road, Manchester, M19 2FP3
£1,49505/240.12 miAlbert Road, Manchester, Greater Manchester, M193
£2,16705/240.15 miWindsor Road, Levenshulme, Manchester, Greater Manchester, M195
£1,10012/240.15 mi-3
£1,19505/240.15 miBelvoir Avenue, Manchester, Greater Manchester, M193
£1,59505/240.17 miCromwell Grove, Manchester, Greater Manchester, M193
£1,50005/240.17 mi-4
£1,50005/240.17 mi-4
£1,25012/240.18 mi-3
£1,25012/240.18 mi-3
£1,25005/240.18 miAlbert Road, Manchester, M193
£1,25006/240.18 miAlbert Road, Manchester, M193
£1,40005/240.18 miMontreal Street, M19 3BY3
£1,50008/240.19 mi-3
£65003/240.19 miAlbert Road, Levenshulme (student properties)6
£1,30006/240.2 miKing Edward Street, Manchester3
£1,45012/240.2 mi-3
£1,39505/240.22 miWestminster Street, Levenshulme, Manchester3
£1,25005/240.22 mi-3
£1,35004/250.22 mi-3
£1,25005/240.22 miForest Range, Manchester, M193
£1,51712/240.23 mi-3
£1,50005/240.23 miDelamere Road, Manchester, M193
£1,68005/240.23 miDelamere Road, Manchester, M193
£1,68006/240.23 mi-3
£1,35005/240.25 mi-3
£1,35005/240.25 miAlbert Road, Manchester, M193
£1,40012/240.25 mi-3
£1,40002/250.25 mi-3
£2,25305/240.25 miPreston Road, Levenshulme, M19 2FR4
£2,30012/240.25 mi-5
£2,70003/250.25 mi-3
£1,50005/240.26 mi-3
£1,35005/240.26 miRushmere Avenue, Levenshulme, Manchester, M193
£1,60005/240.27 miLytham Road, Fallowfield3
£1,25006/240.27 miLangdale Avenue, Levenshulme, Manchester, M193
£6,28305/240.28 miSlade lane, Fallowfield, Manchester, M19 2AE10
£1,40002/240.28 mi-3
£60004/250.28 mi-6
£1,30012/240.29 mi-3
£2,92505/240.3 miSlade Lane, Manchester M19 2BY5
£1,20001/240.31 mi-3
£1,19502/240.32 mi-3
£1,25005/240.35 miLonsdale Road, Manchester, M193
£1,69504/250.36 mi-3
£1,35005/240.36 miStovell Avenue, Manchester, M123
£1,50004/250.36 mi-3
£1,85005/240.36 mi Grange Avenue, Levenshulme, M194
£1,59505/240.37 miHannah Street, Manchester, M124

Local Area Statistics

Population in M19

34,838

Population in Manchester

920,095

Town centre distance

2.49 miles away

Nearest school

0.10 miles away

Nearest train station

0.07 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 £345,000

February 12, 2025

Listed for £425,000

November 21, 2024

Sold for £140,000

2021

Sold for £85,000

2021

Floor Plans

Description

Lancashire Properties are delighted to present this renovated, deceptively spacious seven bedroom, three bathroom property located in Central Levenshulme. Excellent as a family home or for investment purposes due to it's close proximity to local amenities and excellent transport network.

Grandeur Redefined: Step into a world of opulence with this magnificent seven-bedroom property. Impeccable design and attention to detail make this residence a showcase of sophistication and style.

Coveted Location: Nestled in a prime area, Carrill Grove offers a perfect blend of tranquility and convenience. Enjoy easy access to schools, parks, shopping, and excellent transport links, ensuring every necessity is at your fingertips.

Spacious and Versatile: With seven bedrooms, this home caters to a variety of lifestyles. Whether you need space for a growing family, a home office, or a guest suite, the flexible layout allows you to customize each room to suit your unique needs.

Gourmet Kitchen Haven: The heart of this home is the chef's kitchen, equipped with top-of-the-line appliances, sleek countertops, and ample storage. Unleash your culinary creativity in an environment designed for both functionality and beauty.

Serene Bedrooms: Each of the seven bedrooms is a sanctuary of tranquility. Enjoy the luxury of space, natural light, and well-appointed features that make these rooms a true retreat.

Sumptuous Bathrooms: Indulge in spa-like bathrooms featuring modern fixtures and chic design. Pamper yourself in an oasis of relaxation and sophistication.

Move-In Ready: This property is ready for you to call it home. No need to worry about renovations - start living the life of luxury from day one.

Secure Your Dream Home: Seize the opportunity to make Carrill Grove your own. Contact us now to arrange a viewing and experience the epitome of elegant living in M19!

Notice:
The above property details should be considered as a general guide only for prospective purchasers. Lancashire Properties does not have any authority to give any warranty in relation to the property.
We would like to bring to the attention of any purchaser that we have endeavoured to provide a realistic description of the property, no specific survey or detailed inspection has been carried out relating to the property, services, appliances and any further fixtures and fittings/equipment.
If double glazing has been stated in the details , the purchaser is advised to satisfy themselves as to the type and amount of double glazing fitted to the property.
We recommend all buyers to carry out their own survey/investigations relating to the purchase of any of our properties.
The mention of any appliances and/or services within these sales particulars does not imply they are in full and efficient working order.
While we endeavour to make our property details accurate and reliable, if there is any point, which is of particular interest to you, please contact the office and we will be pleased to check the information.
All dimensions are maximum unless otherwise stated. Dimensions should not be used for furniture, flooring, or ordering any other personal fittings.

Council Tax Band: A
Tenure: Freehold

Agent Details

Lancashire Properties, Manchester

0161 524 2345

Next Steps?

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