2 Bed Bungalow, Refurb/BRRR, Leigh, WN7 5BT, £170,000

Hulme Road, Leigh, WN7 5BT - 3 views - 5 months ago

Sold STC
Leasehold
Refurb/BRRR
Planning
ROI: 3%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£55K - £203K
Sold Prices/m²£908/m² - £3.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£100,881

 

 

End Value (After Refurb)

£145,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Refurb Costs

£28,709

Bridging Loan Interest

£4,463

Total Cash In

£83,722

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£145,000

Mortgage (After Refinance)

£108,750

Mortgage LTV

75%

Cash Left In

£83,722

Equity

£36,250

Rent Range

£625 - £1,650

Rent Estimate

£810

Running Costs/mo

£635

Cashflow/mo

£175

Cashflow/yr

£2,099

ROI

3%

Gross Yield

6%

Local Sold Prices

49 sold prices from £55K to £203K, average is £115K. £908/m² to £3.2K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£103.5K03/230.14 mi22, Nangreaves Street, Leigh, Greater Manchester WN7 4TN2
£105K01/240.14 mi4, Nangreaves Street, Leigh, Greater Manchester WN7 4TN2
£203K11/230.14 mi13a, Nangreaves Street, Leigh, Greater Manchester WN7 4TN2
£160K06/230.23 mi9, May Avenue, Leigh, Greater Manchester WN7 5DQ2
£120K08/210.27 mi101, Ena Crescent, Leigh, Greater Manchester WN7 5ET2
£77.5K06/210.27 mi223, Wigan Road, Leigh, Greater Manchester WN7 5DW2
£130.3K07/210.3 mi27, Bracken Road, Leigh, Greater Manchester WN7 4XA2
£140K01/240.3 mi27, Bracken Road, Leigh, Greater Manchester WN7 4XA2
£110K09/230.31 mi240, Firs Lane, Leigh, Greater Manchester WN7 4TT2
£90K08/210.31 mi24, Firs Lane, Leigh, Greater Manchester WN7 4SB2
£85K05/230.31 mi9, Walter Street, Leigh, Greater Manchester WN7 4TY2
£180K06/230.31 mi6, Firvale Close, Leigh, Greater Manchester WN7 4TG2
£100K04/230.32 mi271, Wigan Road, Leigh, Greater Manchester WN7 5DP2
£123K08/240.33 mi31, Firs Lane, Leigh, Greater Manchester WN7 4SA2
£109K11/210.33 mi21c, Scott Street, Leigh, Greater Manchester WN7 5AL2
£105K09/230.33 mi10, Scott Street, Leigh, Greater Manchester WN7 5AL2
£125K10/210.34 mi7, Peacock Fold, Leigh, Greater Manchester WN7 5BG2
£115K09/230.36 mi3, Siddeley Street, Leigh, Greater Manchester WN7 5AZ2
£105K08/230.36 mi21, Siddeley Street, Leigh, Greater Manchester WN7 5AZ2
£108K08/210.36 mi6, Edna Road, Leigh, Greater Manchester WN7 5ES2
£120K12/230.36 mi1a, Fell Street, Leigh, Greater Manchester WN7 4RE2
£100K08/210.38 mi3, Lostock Walk, Leigh, Greater Manchester WN7 5BB2
£70K12/200.38 mi18, Keats Street, Leigh, Greater Manchester WN7 5EQ2
£97K03/210.4 mi3, Netherfields, Leigh, Greater Manchester WN7 5LD2
£103K05/210.41 mi1, Clifton Street, Leigh, Greater Manchester WN7 5AD2
£105K06/210.42 mi4, Tinkersfield, Leigh, Greater Manchester WN7 5LB2
£120K09/230.44 mi27, Douglas Road, Leigh, Greater Manchester WN7 5HG2
£140K10/230.44 mi62, Laxey Crescent, Leigh, Greater Manchester WN7 5HF2
£132K01/240.45 mi25, Laxey Crescent, Leigh, Greater Manchester WN7 5HE2
£107K12/210.46 mi234, Twist Lane, Leigh, Greater Manchester WN7 4EL2
£142K12/220.47 mi2, Little Pasture, Leigh, Greater Manchester WN7 5LW2
£85K05/210.47 mi229, Twist Lane, Leigh, Greater Manchester WN7 4EH2
£85K02/240.49 mi13, Kearsley Street, Leigh, Greater Manchester WN7 4EP2
£130K02/210.49 mi121, Shelley Street, Leigh, Greater Manchester WN7 5EW2
£155K07/230.49 mi121, Shelley Street, Leigh, Greater Manchester WN7 5EW2
£55K03/210.5 mi34, Pilling Street, Leigh, Greater Manchester WN7 4ET2
£122.5K10/230.5 mi35, Pilling Street, Leigh, Greater Manchester WN7 4ET2
£127K05/230.5 mi22, Pilling Street, Leigh, Greater Manchester WN7 4ET2
£138K03/210.53 mi112, Shelley Street, Leigh, Greater Manchester WN7 5EX2
£165K04/230.53 mi48, Shelley Street, Leigh, Greater Manchester WN7 5EX2
£97K05/210.58 mi57, Findlay Street, Leigh, Greater Manchester WN7 4EQ2
£165K07/230.61 mi7, Jessica Way, Leigh, Greater Manchester WN7 4QG2
£100K12/210.62 mi47, Fairhurst Street, Leigh, Greater Manchester WN7 4EE2
£90K06/230.62 mi34, Fairhurst Street, Leigh, Greater Manchester WN7 4EE2
£125K12/230.62 mi30, Fairhurst Street, Leigh, Greater Manchester WN7 4EE2
£154.4K09/230.62 mi118, Windermere Grove, Leigh, Greater Manchester WN7 1XQ2
£175K09/210.63 mi18, Norley Road, Leigh, Greater Manchester WN7 4QL2
£145K05/240.63 mi17, Norley Road, Leigh, Greater Manchester WN7 4QL2
£100K04/230.63 mi11, Peel Street, Leigh, Greater Manchester WN7 1XF2

Local Rents

50 rents from £625/mo to £1.6K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£85012/240.24 mi-2
£82504/250.31 mi-2
£85002/250.36 mi-2
£95002/250.37 mi-2
£79504/250.39 mi-2
£95011/240.42 mi-2
£1,65011/240.43 mi-2
£69511/240.64 mi15 Ledgard Avenue, Leigh, WN72
£85003/250.65 mi-2
£81502/250.68 mi-2
£87511/240.71 miHilton Park, Leigh, WN7 1RL2
£80012/240.72 mi-2
£62511/240.72 miUlleswater Street, Leigh2
£95004/250.73 mi-2
£89504/250.74 mi-2
£90004/250.75 mi-2
£80011/240.77 mi-2
£85011/240.77 mi-2
£75012/240.77 mi-2
£75012/230.78 mi-2
£80011/240.78 mi-2
£89503/250.78 mi-2
£99512/240.78 mi-2
£82503/250.79 mi-2
£85011/240.79 mi-2
£85012/240.79 mi-2
£90004/250.79 mi-2
£85011/240.79 mi-2
£85004/250.79 mi-2
£75002/250.79 mi-2
£75011/240.79 mi-2
£80009/240.79 mi-2
£75011/240.8 mi-2
£70002/250.8 mi-2
£76911/240.8 mi-2
£85004/250.8 mi-2
£89511/240.81 mi-2
£79511/240.81 miEtherstone Street, Leigh, Lancashire, WN7 4HY2
£88009/240.83 mi-2
£85004/250.83 mi-2
£75011/240.84 mi-2
£81003/250.84 mi-2
£70011/240.87 miLeigh Road, Leigh2
£75011/240.87 mi-2
£1,00004/250.87 mi-2
£83004/250.87 mi-2
£82511/240.89 mi-2
£65011/240.89 miEtherstone Street, Leigh, WN7 4JB2
£75011/230.9 mi-2
£75012/240.91 mi-2

Local Area Statistics

Population in WN7

47,819

Town centre distance

189.89 miles away

Nearest school

0.20 miles away

Nearest train station

2.82 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £170,000

November 21, 2024

Floor Plans

Description

  • In need of modernisation +
  • Spacious Gated Driveway and Car Port +
  • Offered for sale with no chain +
  • Two Bedroom Semi-Detached True Bungalow +
  • Potential to further extend (Subject to planning permission) +

ASHTONS ESTATE AGENTS are pleased to bring to market this two bedroom semi detached bungalow. Boasting a large front gated driveway this property is offered with NO ONWARD CHAIN and comprises of; Entrance Hall, Lounge/Diner, Kitchen, Two Bedrooms and a Bathroom. Externally this property has a large front garden with hard landscaped patio areas to the side and rear. Internal and early viewing is advised. Updating is required. TENURE: LEASEHOLD- £15 per year- Residue of 999 year lease EPC: Ordered and Awaiting COUNCIL TAX BAND: C Please note: Electrical or other appliances, service installations, heating systems, security alarm systems and satellite receiving equipment, where applicable, have not been tested and interested parties are recommended to carry out their own investigations as to their condition and serviceability before contracts are exchanged. All measurements are approximate and have been obtain by a laser measuring device. The photographs are for illustration purposes only it should not be assumed that any contents, furnishings or furniture shown on the photographs are included in the sale nor should it be assumed that the property remains as displayed in the photographs. You may download, store and use the material for your own personal use and research. You may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website. IMPORTANT NOTE TO PURCHASERS: We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

EPC Rating: D

Agent Details

Ashtons Estate Agency, Leigh

01942 949067

Next Steps?

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