3 Bed Detached House, Refurb/BRRR, Worsley, M28 3DW, £220,000

38 Holly Avenue, Manchester, Greater Manchester, M28 3DW - 2 views - 4 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 4%
84 m²
+18 photos

ValuationOvervalued

Sold Prices£130K - £276K
Sold Prices/m²£1K/m² - £4.2K/m²

 

 

Square Metres

84 m²
Price/m²£2.6K/m²

Value Estimate

£187,087

 

 

End Value (After Refurb)

£200,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£35,406

Bridging Loan Interest

£5,775

Total Cash In

£105,731

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£200,000

Mortgage (After Refinance)

£150,000

Mortgage LTV

75%

Cash Left In

£105,731

Equity

£50,000

Rent Range

£950 - £1,650

Rent Estimate

£1,242

Running Costs/mo

£893

Cashflow/mo

£349

Cashflow/yr

£4,183

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £130K to £276K, average is £202.5K. £1K/m² to £4.2K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£205K04/240.06 mi23, Holly Avenue, Worsley, Manchester, Greater Manchester M28 3DW3
£226K03/210.06 mi24, Holly Avenue, Worsley, Manchester, Greater Manchester M28 3DW3
£200K06/240.07 mi91, Manchester Road, Worsley, Manchester, Greater Manchester M28 3NT3
£220K02/210.09 mi6, Patricia Drive, Worsley, Manchester, Greater Manchester M28 3FN3
£200K06/210.09 mi26, Blantyre Avenue, Worsley, Manchester, Greater Manchester M28 3DN3
£270K04/230.09 mi24, Blantyre Avenue, Worsley, Manchester, Greater Manchester M28 3DN3
£250K01/240.11 mi34, Chilham Road, Worsley, Manchester, Greater Manchester M28 3DP3
£185K12/200.11 mi9, Chilham Road, Worsley, Manchester, Greater Manchester M28 3DP3
£205K04/210.11 mi34, Chilham Road, Worsley, Manchester, Greater Manchester M28 3DP3
£220K08/230.11 mi32, Chilham Road, Worsley, Manchester, Greater Manchester M28 3DP3
£170K07/210.11 mi12, Whittle Street, Worsley, Manchester, Greater Manchester M28 3WT3
£208K04/230.13 mi23, Brookside Crescent, Worsley, Manchester, Greater Manchester M28 3NU3
£215K12/200.13 mi55, Hopefold Drive, Worsley, Manchester, Greater Manchester M28 3PW3
£230K02/210.13 mi2, Trinity Crescent, Worsley, Manchester, Greater Manchester M28 3LG3
£265K05/240.13 mi12, Trinity Crescent, Worsley, Manchester, Greater Manchester M28 3LG3
£187K02/210.13 mi6, Trinity Crescent, Worsley, Manchester, Greater Manchester M28 3LG3
£190K05/230.14 mi5, Collyhurst Avenue, Worsley, Manchester, Greater Manchester M28 3DJ3
£140K04/210.17 mi5, Barnside Avenue, Worsley, Manchester, Greater Manchester M28 3LQ3
£175K08/230.17 mi53, Barnside Avenue, Worsley, Manchester, Greater Manchester M28 3LQ3
£257.5K03/240.19 mi10, Church Road, Worsley, Manchester, Greater Manchester M28 3LW3
£130K03/210.2 mi94, Devoke Avenue, Worsley, Manchester, Greater Manchester M28 7EN3
£276K08/230.23 mi37, Chestnut Avenue, Worsley, Manchester, Greater Manchester M28 7EE3
£163K05/210.23 mi34, Chestnut Avenue, Worsley, Manchester, Greater Manchester M28 7EE3
£176K03/210.23 mi18, Walkden Road, Worsley, Manchester, Greater Manchester M28 3DB3
£170K04/230.23 mi17, Warren Road, Worsley, Manchester, Greater Manchester M28 3LT3
£210K06/210.24 mi31, Springclough Drive, Worsley, Manchester, Greater Manchester M28 3HS3
£196K11/200.24 mi14, Firfield Grove, Worsley, Manchester, Greater Manchester M28 3NB3
£208K12/220.25 mi7, Ghyll Grove, Worsley, Manchester, Greater Manchester M28 7FP3
£187K03/210.25 mi8, Penrith Avenue, Worsley, Manchester, Greater Manchester M28 3HU3
£160K12/230.26 mi59, Whittle Street, Worsley, Manchester, Greater Manchester M28 3NX3
£244K12/220.26 mi37, Whittle Street, Worsley, Manchester, Greater Manchester M28 3NX3
£215K09/230.27 mi19, Poplar Road, Worsley, Manchester, Greater Manchester M28 7EQ3
£165K02/210.28 mi51, Wilbraham Road, Worsley, Manchester, Greater Manchester M28 3LJ3
£170K01/240.28 mi37, Wilbraham Road, Worsley, Manchester, Greater Manchester M28 3LJ3
£163K11/200.28 mi33, Wilbraham Road, Worsley, Manchester, Greater Manchester M28 3LJ3
£226K08/230.28 mi1, Linnets Wood Mews, Worsley, Manchester, Greater Manchester M28 3WW3
£182K09/210.28 mi44, Hodge Road, Worsley, Manchester, Greater Manchester M28 3AU3
£230K01/230.29 mi50, Linnets Wood Mews, Worsley, Manchester, Greater Manchester M28 3WW3
£175K08/230.29 mi25, Manchester Road, Worsley, Manchester, Greater Manchester M28 3NS3
£130K05/230.29 mi4, Springside Grove, Worsley, Manchester, Greater Manchester M28 3WQ3
£220K02/210.3 mi7, Greenhaven Close, Worsley, Manchester, Greater Manchester M28 3TX3
£180K01/230.3 mi18, Devoke Avenue, Worsley, Manchester, Greater Manchester M28 7EW3
£205K11/230.3 mi74, Memorial Road, Worsley, Manchester, Greater Manchester M28 3DS3
£187K11/220.32 mi39, Memorial Road, Worsley, Manchester, Greater Manchester M28 3AG3
£275K04/240.33 mi3, Shap Crescent, Worsley, Manchester, Greater Manchester M28 7EZ3
£166K10/230.33 mi7, Springside Avenue, Worsley, Manchester, Greater Manchester M28 3WZ3
£272K02/230.33 mi17, Stanley Road, Worsley, Manchester, Greater Manchester M28 3DT3
£188K02/240.33 mi15, Croftside Grove, Worsley, Manchester, Greater Manchester M28 3PA3
£212.5K08/210.34 mi78, Ash Grove, Worsley, Manchester, Greater Manchester M28 7FH3
£241K01/230.34 mi13, Ash Grove, Worsley, Manchester, Greater Manchester M28 7EH3

Local Rents

36 rents from £950/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20001/250.1 mi-3
£1,20001/250.1 mi-3
£1,15006/240.1 miManchester Road, Worsley, Manchester, Greater Manchester, M283
£1,15012/240.12 mi-3
£1,25006/240.23 miHolyoake Road, Worsley, Manchester M283
£1,25012/240.27 mi-3
£1,05001/250.27 mi-3
£95004/250.27 mi-3
£1,10004/250.28 mi-3
£1,28505/240.29 miHeyfields, Worsley, M283
£1,20005/240.3 miMemorial Road, Worsley, M283
£1,47505/240.31 miOld Clough Lane, M283
£1,26505/240.31 miHeyfields, Worsley, M283
£1,25006/240.32 miThorne Crescent, Worsley, Manchester3
£1,27005/240.32 miHeyfields, Worsley, M283
£1,19502/240.34 mi-3
£1,38506/240.34 miHerringbone Road, Worsley, M283
£1,65006/240.36 miHerringbone Road, Worsley, Manchester3
£1,49505/240.36 miHerringbone Road, Worsley, M283
£1,04501/240.36 mi-3
£1,28005/240.37 miHeyfields, Worsley, M283
£1,28005/240.37 miHeyfields, Worsley, M283
£1,00005/240.37 miRydal Crescent, M283
£1,15002/240.4 mi-3
£1,17505/240.41 miShiel Street, Worsley, M283
£1,17506/240.41 miShiel Street, Worsley, M283
£1,39501/240.42 mi-3
£1,49504/250.42 mi-3
£1,10012/240.44 mi-3
£1,20006/240.45 miRydal Crescent, Worsley, Manchester, M283
£1,25003/250.47 mi-3
£1,35004/250.47 mi-3
£1,30005/240.47 miCotton Fields, Worsley, Manchester3
£1,30005/240.51 miPark Road, Worsley, Manchester, M283
£1,24505/240.55 miBridgwater Road, Walkden M283
£1,15005/240.57 miManchester Road, Worsley, Manchester, Greater Manchester, M283

Local Area Statistics

Population in M28

39,097

Town centre distance

0.36 miles away

Nearest school

0.60 miles away

Nearest train station

0.29 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £220,000

December 31, 2024

Sold for £79,000

2001

Floor Plans

Description

* No Chain Involved - Excellent Potential - Three Bedroomed Detached House with Lounge, Dining Area, Kitchen, Three Piece Shower Room, Gardens Front and Rear, Driveway and Carport, Situated within a Popular and Highly Convenient Residential Location - Early Viewing Strongly Advised *

Situated within a popular and highly convenient setting, this detached house offers generous accommodation and outside space that is ideally suited to modern lifestyles. Although requiring some modernisation there is excellent potential to improve and must be seen in person to be fully appreciated.

The accommodation comprises an entrance hall, lounge, dining area and a kitchen to the ground floor. On the first floor a landing, three good sized bedrooms plus a three piece shower completes the internal living space. Outside the property is garden fronted with a gated driveway and car port offering ample off road parking. To the rear further gardens can be appreciated which are not directly overlooked alongside a substantial garden store.

The location is within easy access to the many shops and amenities Worsley, Walkden, Swinton and the surrounding areas has to offer and is well placed for renowned schooling. The property is well placed for access into Manchester city centre alongside further major transport links making it ideal for those looking to commute across the North West.

Rarely do homes of this type remain on the market for long especially at such an attractive price. With the added benefit of No Chain, an early internal viewing is strongly advised to avoid disappointment.

Agent Details

Miller Metcalfe, Worsley

0161 524 0938

Next Steps?

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