3 Bed Terraced House, Refurb/BRRR, Manchester, M38 9NB, £180,000

Ridyard Street, Manchester, M38 9NB - 3 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+25 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£39,200

Bridging Loan Interest

£4,725

Total Cash In

£97,275

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£171,000

Mortgage (After Refinance)

£128,250

Mortgage LTV

75%

Cash Left In

£97,275

Equity

£42,750

Rent Range

£600 - £2,499

Rent Estimate

£1,110

Running Costs/mo

£776

Cashflow/mo

£334

Cashflow/yr

£4,004

ROI

4%

Gross Yield

7%













Local Rents

51 rents from £600/mo to £2.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,05004/250.09 mi-3
£1,10001/240.11 mi-3
£1,10008/240.13 mi-3
£1,05005/240.16 mi2 Charlton Fold3
£1,40003/250.17 mi-3
£1,05003/250.17 mi-3
£1,20005/240.18 miSeedley Avenue, Little Hulton, M383
£99507/240.2 mi-3
£1,00005/240.22 mi-3
£2,49905/240.23 mi-3
£1,05005/240.25 miMountain Street, Worsley, Manchester, M283
£90005/240.26 mi-3
£1,10007/240.26 mi-3
£1,00006/240.26 miMountain Street, Worsley, Manchester, M283
£1,35008/240.29 mi-3
£1,35007/240.29 miGrayson Road, Little Hulton, Manchester, M383
£1,35007/240.29 miGrayson Road, Little Hulton, Manchester, M383
£1,27504/250.29 mi-3
£1,20001/250.3 mi-3
£99507/240.3 miBurns Road, Little Hulton, Manchester, Greater Manchester, M383
£97501/240.31 mi-3
£99504/250.31 mi-3
£1,05002/240.31 mi-3
£1,10011/240.33 mi-3
£99505/240.35 miBolton Road, Walkden, Greater Manchester3
£95005/240.36 miNewholme Gardens, Worsley, Manchester3
£1,50003/250.37 mi-3
£1,50003/250.37 mi-3
£1,25005/240.38 miHirst Avenue, M283
£1,20003/250.39 mi-3
£1,17504/250.39 mi-3
£1,00004/250.4 mi-3
£1,30008/240.4 mi-3
£1,20008/240.4 mi-3
£1,25005/240.4 miHirst Avenue, Worsley, Manchester, Greater Manchester, M283
£1,10006/240.41 miLaurel Drive, M383
£87505/240.41 miBeechfield Avenue, Little Hulton, Manchester, M383
£1,10008/240.42 miThirmere Drive, Manchester, M383
£1,10009/240.42 mi-3
£99508/230.43 mi-3
£95002/250.43 mi-3
£85005/240.43 miConiston Avenue, Little Hulton, M383
£1,00005/240.46 miConiston Avenue, Little Hulton, Manchester, M383
£1,00007/240.46 mi-3
£1,10005/240.49 mi-3
£97505/240.49 mi-3
£97506/240.49 mi-3
£98004/250.52 mi-3
£1,20012/240.52 mi-3
£1,40005/240.57 miJenny Street M283
£60004/250.57 mi-3

Local Area Statistics

Population in M38

13,544

Population in Manchester

920,095

Town centre distance

8.40 miles away

Nearest school

0.20 miles away

Nearest train station

1.01 miles away

 

 

Rental growth (12m)

+27%

Sales demand

Seller's market

Capital growth (5yrs)

+86%

Property History

Listed for £180,000

January 13, 2025

Floor Plans

Description

  • FREEHOLD +
  • COUNCIL TAX BAND “A" +
  • CLOSE TO WALKDEN SHOPPING CENTRE +
  • PARKING FOR THREE CARS +
  • SHORT WALK TO TWO "OUTSTANDING" PRIMARY SCHOOLS +
  • THREE GOOD SIZE BEDROOMS +

Welcome to a delightful mid terraced property that is bursting with potential and awaiting your personal touch. This quaint home is in need of modernisation, offering a fantastic opportunity for those looking to make a house truly their own.

The property boasts three generously proportioned bedrooms. The master bedroom is spacious, providing plenty of room to create your own serene retreat. Bedroom two is a spacious double room bathed in natural light with stunning open field views. The third bedroom is a comfortable single room, also spacious and filled with natural light.

There is one bathroom in the property, complete with a heated towel rail and a bath with overhead shower, ensuring you can enjoy a relaxing soak or a quick, refreshing shower. There is a convenient seperate toilet next to the bathroom.

The heart of the home is the open-plan kitchen, flooded with natural light and providing ample dining space. Overlooking the garden, this space is perfect for family meals or entertaining friends. Theres a large metal shed perfect for all those garden tools and christmas decorations.

The property has one reception room which is of a good size and opportunity to open the fire place and add a log burner for a snug in those cold winter nights.

Many neighbouring houses have solar panels, giving you an environmentally friendly and cost-effective energy solution. The property also boasts parking for three cars - a real bonus in this area.

Located amazingly near two "Outstanding" schools, green spaces, parks and Blackleach Country Park, this pet friendly home is ideal for families, couples and first time buyers. The proximity to Walkden Shopping Centre ensures your retail and dining needs are easily met.

With a council tax band A and an EPC rating of C, this property is a fabulous opportunity not to be missed.

BUYERS GUIDE - 

TWO "OUTSTANDING" PRIMARY SCHOOLS A SHORT WALK AWAY (OFSTED RATED) Bridgewater Primary School St Andrew's Methodist Primary School

TWO "GOOD " PRIMARY SCHOOLS A SHORT WALK AWAY  (OFSTED RATED) St Edmund's RC Primary School Hilton Lane Primary School

EPC band "C"

Council Tax band "A"

Tenure " FREEHOLD" Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, North West & Midlands

01525 659945

Next Steps?

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