2 Bed Flat, Cash/Bridging Only, Manchester, M15 4LR, £160,000

Burton Place, Manchester, Greater Manchester, M15 4LR - 3 views - 4 months ago

Leasehold
Cash
ROI: 6%
~68 m²
+1 photos

ValuationFair Value

Sold Prices£102K - £430K
Sold Prices/m²£1.7K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£160,000

 

 

End Value (After Refurb)

£206,125

Uplift in Value

+29%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£28,709

Bridging Loan Interest

£4,200

Total Cash In

£80,659

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£206,125

Mortgage (After Refinance)

£154,594

Mortgage LTV

75%

Cash Released

£34,594

Cash Left In

£46,065

Equity

£51,531

Rent Range

£1,050 - £2,750

Rent Estimate

£1,354

Running Costs/mo

£935

Cashflow/mo

£419

Cashflow/yr

£5,029

ROI

6%

Gross Yield

10%

Local Sold Prices

50 sold prices from £102K to £430K, average is £160.5K. £1.7K/m² to £4.4K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£250K07/210.07 miFlat 301, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£260K06/230.07 miFlat 108, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£210K09/210.1 miFlat 202, Former St. Georges Church, Arundel Street, Manchester, Greater Manchester M15 4JZ2
£130K01/210.14 miFlat 29, Thomas Court, Beattock Close, Manchester, Greater Manchester M15 4JA2
£180K12/220.23 miApartment 47, Slater House, Woden Street, Salford, Greater Manchester M5 4UE2
£400K04/210.25 miApartment 310, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£350K04/210.25 miApartment 301, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£430K01/230.25 miSuite 509, Middle Warehouse, Castle Quay, Manchester, Greater Manchester M15 4NT2
£173K11/210.26 miApartment 72, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£171.5K07/210.26 miApartment 49, Irwell Building, Derwent Street, Salford, Greater Manchester M5 4SS2
£153K12/230.27 miRenolds House, Apartment 19, Everard Street, Salford, Greater Manchester M5 4UB2
£114K11/230.27 miApartment 1, Renolds House, Everard Street, Salford, Greater Manchester M5 4UB2
£110K11/200.29 miFlat 41, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£150K11/220.3 miFlat 42, Cassandra Court, Asgard Drive, Salford, Greater Manchester M5 4TW2
£127.5K07/230.3 miFlat 11, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£130K05/230.3 miFlat 2, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£128K02/210.3 miFlat 19, Miranda Court, Asgard Drive, Salford, Greater Manchester M5 4TN2
£136.1K01/230.31 miFlat 66, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K03/230.31 miFlat 102, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£102K03/210.31 miFlat 101, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£138K07/230.31 miFlat 90, Imogen Court, Asgard Drive, Salford, Greater Manchester M5 4TQ2
£215K12/220.31 mi326, City Road, Manchester, Greater Manchester M15 4FA2
£230K08/210.32 mi32, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£212K09/210.32 mi28, Potato Wharf, Manchester, Greater Manchester M3 4NB2
£148K05/210.33 mi94, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£172.5K06/230.33 mi94, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£173.5K12/220.33 mi86, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£170K12/220.34 mi44, Jackson Crescent, Manchester, Greater Manchester M15 5AA2
£210K03/210.34 mi19, Woollam Place, Manchester, Greater Manchester M3 4JJ2
£172K03/240.37 mi7, St Wilfrids Street, Manchester, Greater Manchester M15 5XE2
£240K04/210.37 mi127f, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£208K02/210.37 mi133d, Liverpool Road, Manchester, Greater Manchester M3 4JN2
£157.5K04/210.47 mi15, Shawgreen Close, Manchester, Greater Manchester M15 4DR2
£138K07/210.47 mi324a, Stretford Road, Manchester, Greater Manchester M15 5TP2
£122.5K05/210.49 mi377a, Stretford Road, Manchester, Greater Manchester M15 4AW2
£220K06/210.5 mi29, Rozel Square, Manchester, Greater Manchester M3 4FQ2
£165K06/230.5 mi296b, Stretford Road, Manchester, Greater Manchester M15 5TN2
£160K08/230.5 mi1d, Rolls Crescent, Manchester, Greater Manchester M15 5JZ2
£137K08/210.51 mi28, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4AU2
£142K05/210.51 mi56, Chorlton Road, Manchester, Greater Manchester M15 4AU2
£137.5K11/200.51 mi60, Chorlton Road, Hulme, Manchester, Greater Manchester M15 4AU2
£277K07/210.51 mi1, Culvercliffe Walk, Manchester, Greater Manchester M3 4FL2
£294K12/200.51 mi11, Culvercliff Walk, Manchester, Greater Manchester M3 4FL2
£285K06/210.52 mi28, Porchfield Square, Manchester, Greater Manchester M3 4FG2
£142K05/210.53 mi56, Chorlton Road, Manchester, Greater Manchester M15 4AU2
£157.5K05/230.54 mi22, Yew Street, Hulme, Manchester, Greater Manchester M15 5YW2
£161K02/240.55 mi104, Royce Road, Hulme, Manchester, Greater Manchester M15 5LA2
£160K07/210.55 mi54, Hunmanby Avenue, Manchester, Greater Manchester M15 5FE2
£141.7K06/210.59 mi57, Rockdove Avenue, Manchester, Greater Manchester M15 5EH2
£155K10/210.6 mi16, Rockdove Avenue, Manchester, Greater Manchester M15 5FH2

Local Rents

50 rents from £1.1K/mo to £2.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,15005/240 miBurton Place, Castlefield, Manchester, M152
£1,15005/240 miBurton Place, Castlefield, Manchester, M152
£1,15005/240 miBurton Place, Castlefield, Manchester, M152
£1,30001/250.01 mi-2
£1,30005/240.02 mi-2
£1,30005/240.02 miBurton Place, Manchester, M152
£1,50005/240.03 miSt Georges Gardens2
£1,12505/240.04 miBase Apartments, 12 Arundel Street, Manchester, M152
£1,05006/240.04 miMoho, Ellesmere Street, Castlefield, Manchester, M152
£1,18005/240.04 mi510 Moho, 42 Ellesmere Street, Manchester, M15 4FY2
£1,15005/240.04 miBase 12 Arundel Street, Manchester, M152
£1,25005/240.04 miThe Base, 12 Arundel Street, Castlefield, Manchester, M152
£1,30005/240.04 miBase Apartments, Castlefield2
£1,20005/240.04 miThe Base, 12 Arundel Street, Manchester City Centre, M152
£1,20006/240.04 miThe Base, 12 Arundel Street, Manchester City Centre, M152
£1,20006/240.04 miThe Base, 12 Arundel Street, Manchester City Centre, M152
£1,59006/240.04 mi-2
£1,50005/240.04 miTimber Wharf, Worsley Street, Manchester, M15 4NZ2
£1,35005/240.04 mi-2
£2,75005/240.04 miTimber Wharf, 32 Worsley Street, Manchester, M15 4NZ2
£1,50006/240.04 miWorsley Street, Castlefield, Manchester, M152
£1,49505/240.05 miAlbert Mill, 50 Ellesmere Street, Castlefield2
£1,25002/250.05 mi-2
£1,25005/240.06 miSpinners Way, Castlefield, Manchester, M152
£1,45005/240.06 miSpinners Way, Castlefield, Manchester, M152
£1,25003/240.06 miThe Boxworks, Worsley Street, Castlefield, Manchester, M152
£1,15005/240.06 miSpinners Way, Manchester, M152
£1,30005/240.06 mi-2
£1,10012/240.06 mi-2
£1,50012/240.06 mi-2
£1,18002/250.07 mi-2
£2,60002/240.07 mi-2
£1,39505/240.07 miSt Georges Island, 2 Kelso Place, Castlefield, Manchester, M152
£1,20005/240.07 miSky Gardens, Spinners Way, Castlefield, Manchester2
£1,29503/250.07 mi-2
£1,50003/250.07 mi-2
£1,39501/250.07 mi-2
£1,30005/240.07 miSpinners Way, Manchester, M152
£1,45005/240.07 miSpinners Way, Castlefield, Manchester, M152
£1,40005/240.07 miSpinners Way, Manchester, Greater Manchester, M152
£1,40005/240.07 miSpinners Way, Manchester, Greater Manchester, M152
£1,10005/240.07 miSpinners Way, Manchester, M152
£1,35005/240.07 miSky Gardens, Spinners Way2
£1,40005/240.07 miSky Gardens, Castlefield2
£1,29505/240.07 miCity Garden, Castlefield, Manchester2
£1,45006/240.07 miCity Gardens, Spinners Way, Manchester, Greater Manchester, M152
£1,30005/240.07 miSt Georges Island, 2 Kelso Place, Castlefield, Manchester, M152
£1,25005/240.07 miSky Gardens2
£1,25005/240.07 miSky Gardens2
£1,39505/240.07 miKelso Place, Manchester, Greater Manchester, M152

Local Area Statistics

Population in M15

20,050

Population in Manchester

920,095

Town centre distance

1.25 miles away

Nearest school

0.30 miles away

Nearest train station

0.29 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+39%

Property History

Listed for £160,000

November 30, 2024

Floor Plans

Description

CASH BUY ONLY

Buron Place is a purpose built residential development of apartments in Castlefield Manchester. This a easy to get to location with a short stroll to the city centre and nearby bus routes. Located on the 4th floor and consisting of a hallway , store cupboard, impressive living area and a fitted kitchen just off . The kitchen is in gloss with integrated appliance. A modern fitted three piece bathroom with a fitted suite in white. A balcony off the living area.

No upward chain.

EPC B
Ground Rent: TBC
Service Charge: TBC
Leasehold Length: TBC

Agent Details

Bridgfords, Manchester

0161 524 4219

Next Steps?

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