2 Bed Terraced House, Refurb/BRRR, Atherton, M46 9DW, £90,000

High Street, Atherton, M46 9DW - 6 views - 4 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 6%
~68 m²
+16 photos

ValuationUndervalued

Sold Prices£71K - £300K
Sold Prices/m²£857/m² - £3.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£92,700
BMV3%

 

 

End Value (After Refurb)

£108,113

Uplift in Value

+20%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Refurb Costs

£28,709

Bridging Loan Interest

£2,363

Total Cash In

£59,222

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£108,113

Mortgage (After Refinance)

£81,085

Mortgage LTV

75%

Cash Released

£13,585

Cash Left In

£45,637

Equity

£27,028

Rent Range

£600 - £995

Rent Estimate

£818

Running Costs/mo

£521

Cashflow/mo

£297

Cashflow/yr

£3,559

ROI

6%

Gross Yield

11%

Local Sold Prices

51 sold prices from £71K to £300K, average is £115K. £857/m² to £3.4K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£100K04/210 mi50, High Street, Atherton, Manchester, Greater Manchester M46 9DW2
£91K11/220.03 mi37, Bolton Old Road, Atherton, Manchester, Greater Manchester M46 9DL2
£124K03/230.04 mi5, Oliver Street, Atherton, Manchester, Greater Manchester M46 9FN2
£123K11/230.05 mi25, Thomas Street, Atherton, Manchester, Greater Manchester M46 9DP2
£84K06/210.06 mi66, High Street, Atherton, Manchester, Greater Manchester M46 9DR2
£92K06/210.06 mi12, High Street, Atherton, Manchester, Greater Manchester M46 9DJ2
£92K06/210.06 mi12, High Street, Atherton, Manchester, Greater Manchester M46 9DJ2
£92K06/210.06 mi12, High Street, Atherton, Manchester, Greater Manchester M46 9DJ2
£100K07/210.06 mi18, High Street, Atherton, Manchester, Greater Manchester M46 9DJ2
£115K04/210.08 mi11, Martin Street, Atherton, Manchester, Greater Manchester M46 9DN2
£121K04/230.08 mi9, Martin Street, Atherton, Manchester, Greater Manchester M46 9DN2
£106K09/230.08 mi17, Martin Street, Atherton, Manchester, Greater Manchester M46 9DN2
£100K01/210.12 mi13, Elizabeth Street, Atherton, Manchester, Greater Manchester M46 9JB2
£122K09/230.12 mi13, Elizabeth Street, Atherton, Manchester, Greater Manchester M46 9JB2
£100K03/230.12 mi108, Bolton Old Road, Atherton, Manchester, Greater Manchester M46 9DU2
£150K12/230.12 mi93a, Bolton Old Road, Atherton, Manchester, Greater Manchester M46 9DU2
£97.5K08/210.16 mi2, Hamilton Street, Atherton, Manchester, Greater Manchester M46 0AS2
£119K08/210.16 mi46, Elizabeth Street, Atherton, Manchester, Greater Manchester M46 9JN2
£110K04/230.16 mi77, Elizabeth Street, Atherton, Manchester, Greater Manchester M46 9JN2
£115K11/200.17 mi99, Rowland Street South, Atherton, Manchester, Greater Manchester M46 9EZ2
£105K04/230.17 mi103, Rowland Street South, Atherton, Manchester, Greater Manchester M46 9EZ2
£109.2K07/210.19 mi51, Hunt Street, Atherton, Manchester, Greater Manchester M46 9JF2
£125K10/200.2 mi10, Tyldesley Old Road, Atherton, Manchester, Greater Manchester M46 9EH2
£101K10/200.21 mi53, Wardour Street, Atherton, Manchester, Greater Manchester M46 0AR2
£138K09/210.21 mi79, Wardour Street, Atherton, Manchester, Greater Manchester M46 0AR2
£127K07/210.21 mi39, Wardour Street, Atherton, Manchester, Greater Manchester M46 0AR2
£159.5K07/210.23 mi157, Tyldesley Road, Atherton, Manchester, Greater Manchester M46 9AA2
£136K01/230.23 mi286, Gloucester Street, Atherton, Manchester, Greater Manchester M46 0JB2
£137K01/230.23 mi276a, Gloucester Street, Atherton, Manchester, Greater Manchester M46 0JB2
£136.5K05/210.24 mi139, Tyldesley Road, Atherton, Manchester, Greater Manchester M46 9AA2
£235K08/210.24 mi42, Chanters Avenue, Atherton, Manchester, Greater Manchester M46 9EF2
£300K06/230.26 mi41, Crab Tree Lane, Atherton, Manchester, Greater Manchester M46 0AG2
£76K05/210.26 mi3, Rosedale Avenue, Atherton, Manchester, Greater Manchester M46 0EA2
£105K03/210.26 mi68, Rosedale Avenue, Atherton, Manchester, Greater Manchester M46 0EA2
£130K07/230.26 mi14, Sycamore Road, Atherton, Manchester, Greater Manchester M46 9DZ2
£162K10/230.26 mi19, Sycamore Road, Atherton, Manchester, Greater Manchester M46 9DZ2
£112K11/200.27 mi8, Mayfield Street, Atherton, Manchester, Greater Manchester M46 0AQ2
£100.5K10/210.27 mi7, Mayfield Street, Atherton, Manchester, Greater Manchester M46 0AQ2
£118K11/220.27 mi74, Mealhouse Lane, Atherton, Manchester, Greater Manchester M46 0FD2
£98K12/200.29 mi19, Stanley Street, Atherton, Manchester, Greater Manchester M46 0AB2
£119K03/210.29 mi32, Stanley Street, Atherton, Manchester, Greater Manchester M46 0AB2
£136K05/230.3 mi1c, Formby Avenue, Atherton, Manchester, Greater Manchester M46 0HX2
£111K12/230.3 mi1, Cambridge Street, Atherton, Manchester, Greater Manchester M46 0BX2
£111K12/230.3 mi1, Cambridge Street, Atherton, Manchester, Greater Manchester M46 0BX2
£115K05/210.31 mi11, Beech Street, Atherton, Manchester, Greater Manchester M46 9FA2
£135K11/220.31 mi56, Stanley Street, Atherton, Manchester, Greater Manchester M46 0AB2
£71K03/230.31 mi80, Mealhouse Lane, Atherton, Manchester, Greater Manchester M46 0FD2
£93K03/210.32 mi22, Morley Street, Atherton, Manchester, Greater Manchester M46 0AN2
£158K12/220.32 mi1, Crosby Street, Atherton, Manchester, Greater Manchester M46 9ED2
£129K03/230.32 mi51, Car Bank Street, Atherton, Manchester, Greater Manchester M46 9WD2
£187K01/210.32 mi86, Douglas Street, Atherton, Manchester, Greater Manchester M46 9EB2

Local Rents

28 rents from £600/mo to £995/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£85003/250.02 mi-2
£60002/240.02 mi-2
£92512/240.04 mi-2
£75004/250.04 mi-2
£79504/250.05 mi-2
£82505/240.06 mi-2
£79512/240.06 mi-2
£79505/240.06 miThomas Street, Atherton, Manchester, M462
£79504/250.08 mi-2
£99512/240.11 miTyldesley Road, Atherton, M462
£87503/250.19 mi-2
£72505/240.25 miMayfield Street, Manchester, Greater Manchester, M462
£75005/240.25 miPool House, Mayfield Street, Atherton, Manchester, M462
£79505/240.28 miArgyle Street, Atherton, M462
£95012/240.28 mi-2
£87502/250.33 mi-2
£82503/250.44 mi-2
£65002/250.45 mi-2
£95002/250.45 mi-2
£85003/250.45 mi-2
£87503/250.46 mi-2
£82512/240.47 miWigan Road, Atherton, M46 0JG2
£85002/240.47 mi-2
£90012/240.5 mi-2
£79002/250.5 mi-2
£79506/240.51 miWigan Road, Atherton, M462
£90005/240.55 miFallowfield Way, Atherton, Manchester2
£80006/240.61 miBag Lane, Atherton2

Local Area Statistics

Population in M46

22,298

Town centre distance

0.29 miles away

Nearest school

0.20 miles away

Nearest train station

0.51 miles away

 

 

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Listed for £90,000

December 12, 2024

Floor Plans

Description

  • TWO BED, EXTENDED TERRACED +
  • IN NEED OF MODERNISATION +
  • TWO LARGE RECEPTION ROOMS +
  • KITCHEN WITH BREAKFAST AREA +
  • DOWNSTAIRS W.C +
  • TWO DOUBLE BEDROOMS +
  • BATHROOM +
  • EXCEPTIONALLY LARGE REAR COURTYARD WITH PARKING AREA +
  • FANTASTIC INVESTMENT OPPORTUNITY +
  • NO ONWARD CHAIN +

Upon entering this TWO BEDROOM, EXTENDED TERRACED HOUSE, you will immediately see the VAST POTENTIAL it holds for those looking to put their mark on a property. In need of modernisation throughout, this residence offers a FANTASTIC INVESTMENT OPPORTUNITY with NO ONWARD CHAIN. Boasting TWO large RECEPTION rooms, a KITCHEN with a breakfast area, and a DOWNSTAIRS W.C, the layout accommodates both living and entertaining areas seamlessly. Moving upstairs, you will find TWO DOUBLE BEDROOMS and a family BATHROOM . Stepping outside, you are greeted by a generous outdoor space ideal for creating a large garden ideal for entertaining and/or a convenient off road PARKING AREA,.With the option to park to the rear of the courtyard, residents have the flexibility to make use of this space according to their needs. Situated close to sought after SCHOOLS and within walking distance of all amenities offered in Atherton TOWN CENTRE, this property offers convenience and accessibility for residents.

Early viewing is highly recommended!

Agent Details

Smoothmove Property, Tyldesley

01942 368443

Next Steps?

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