3 Bed Semi-Detached House, Refurb/BRRR, Manchester, M19 2SA, £295,000

45 Milford Drive, Levenshulme, Manchester, M19 2SA - 2 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 2%
89 m²
+11 photos

ValuationOvervalued

Sold Prices£80K - £454.5K
Sold Prices/m²£513/m² - £4.2K/m²

 

 

Square Metres

89 m²
Price/m²£3.3K/m²

Value Estimate

£242,153

 

 

End Value (After Refurb)

£286,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£73,750

Stamp Duty & Legal Fees

£12,300

Refurb Costs

£37,514

Bridging Loan Interest

£7,744

Total Cash In

£133,058

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£286,750

Mortgage (After Refinance)

£215,063

Mortgage LTV

75%

Cash Left In

£133,058

Equity

£71,688

Rent Range

£1,050 - £1,800

Rent Estimate

£1,389

Running Costs/mo

£1,194

Cashflow/mo

£195

Cashflow/yr

£2,341

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £80K to £454.5K, average is £237.8K. £513/m² to £4.2K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£287.5K08/210.09 mi61, Milford Drive, Manchester, Greater Manchester M19 2RY3
£210.5K01/210.09 mi83, Milford Drive, Manchester, Greater Manchester M19 2RY3
£80K06/210.12 mi43, Cringle Road, Manchester, Greater Manchester M19 2RP3
£240K06/210.15 mi118, Cringle Road, Manchester, Greater Manchester M19 2RT3
£220K10/200.16 mi97, Bowler Street, Levenshulme, Manchester, Greater Manchester M19 2UA3
£209K11/230.19 mi36, Bowler Street, Levenshulme, Manchester, Greater Manchester M19 2TY3
£230K03/230.19 mi11, Tonbridge Road, Manchester, Greater Manchester M19 2TQ3
£200K02/240.21 mi5, Wellgate Avenue, Manchester, Greater Manchester M19 2UG3
£139.9K01/230.21 mi1138, Stockport Road, Manchester, Greater Manchester M19 2TJ3
£235K08/210.21 mi10, Wellgate Avenue, Manchester, Greater Manchester M19 2UG3
£230K06/210.23 mi17, Bowler Street, Levenshulme, Manchester, Greater Manchester M19 2TZ3
£240K06/230.23 mi15, Bowler Street, Levenshulme, Manchester, Greater Manchester M19 2TZ3
£250K01/230.23 mi21, Bowler Street, Levenshulme, Manchester, Greater Manchester M19 2TZ3
£265K12/220.24 mi119, Henderson Street, Manchester, Greater Manchester M19 2QT3
£190K11/200.24 mi117, Henderson Street, Manchester, Greater Manchester M19 2QT3
£256.6K06/210.24 mi85, Henderson Street, Manchester, Greater Manchester M19 2QT3
£248K10/230.24 mi131, Henderson Street, Manchester, Greater Manchester M19 2QT3
£261K02/230.25 mi99, Henderson Street, Manchester, Greater Manchester M19 2QT3
£258K10/210.26 mi1, Westholm Avenue, Stockport, Greater Manchester SK4 5BE3
£240K06/210.27 mi8, Red Rose Crescent, Manchester, Greater Manchester M19 2WT3
£95K12/200.27 mi19, Red Rose Crescent, Manchester, Greater Manchester M19 2WT3
£380K06/210.28 mi19, Highbury Road, Stockport, Greater Manchester SK4 5AZ3
£232K01/210.28 mi4, Crossley Road, Stockport, Greater Manchester SK4 5BB3
£295K12/220.28 mi11, Eastholme Drive, Manchester, Greater Manchester M19 2QU3
£242K03/210.28 mi16, Eastholme Drive, Manchester, Greater Manchester M19 2QU3
£207K02/210.28 mi27, Eastholme Drive, Manchester, Greater Manchester M19 2QU3
£286.5K02/230.28 mi3, Danforth Grove, Manchester, Greater Manchester M19 2TD3
£198K04/210.28 mi10, Danforth Grove, Manchester, Greater Manchester M19 2TD3
£305K10/230.28 mi21, Danforth Grove, Manchester, Greater Manchester M19 2TD3
£165K12/210.3 mi47, Henderson Street, Manchester, Greater Manchester M19 2QR3
£267K06/210.3 mi1, Poplar Avenue, Manchester, Greater Manchester M19 2GS3
£260K04/230.32 mi7, Kersh Avenue, Manchester, Greater Manchester M19 2SW3
£212K10/210.32 mi3, Kersh Avenue, Manchester, Greater Manchester M19 2SW3
£311K02/230.32 mi31, Hawley Street, Levenshulme, Manchester, Greater Manchester M19 2QS3
£210K01/210.32 mi27, Wilsthorpe Close, Manchester, Greater Manchester M19 2WD3
£315K05/210.33 mi34, Roxton Road, Stockport, Greater Manchester SK4 5AY3
£240K03/210.33 mi31, Wray Gardens, Levenshulme, Manchester, Greater Manchester M19 3HA3
£454.5K12/220.33 mi16, Roxton Road, Stockport, Greater Manchester SK4 5AY3
£200K03/230.34 mi60, Livesey Street, Levenshulme, Manchester, Greater Manchester M19 2GU3
£367K02/210.35 mi456, Wellington Road North, Stockport, Greater Manchester SK4 5AU3
£250K04/210.35 mi8, Bristol Avenue, Manchester, Greater Manchester M19 3NU3
£180K04/210.35 mi6, Greystone Walk, Stockport, Greater Manchester SK4 5NT3
£235K04/230.35 mi7, Greystone Walk, Stockport, Greater Manchester SK4 5NT3
£210K11/200.36 mi118, Broom Lane, Manchester, Greater Manchester M19 3LJ3
£173K11/200.36 mi66, Marbury Road, Stockport, Greater Manchester SK4 5NG3
£235.5K11/200.36 mi27, Henderson Street, Manchester, Greater Manchester M19 2GQ3
£95K01/230.37 mi86, Highfield Road, Levenshulme, Manchester, Greater Manchester M19 3RP3
£300K12/220.37 mi35, Woodland Road, Burnage, Manchester, Greater Manchester M19 2GW3
£280K02/230.37 mi37, Woodland Road, Burnage, Manchester, Greater Manchester M19 2GW3
£190K11/210.37 mi19, Lostock Avenue, Manchester, Greater Manchester M19 3QJ3

Local Rents

32 rents from £1.1K/mo to £1.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30005/240.02 miMilford Drive, M19 2RY3
£1,65012/240.1 mi-3
£1,30011/240.27 mi-3
£1,30011/240.27 mi-3
£1,50004/250.35 mi-3
£1,25009/240.37 miHolcombe Walk, Stockport, SK43
£1,65006/240.4 miWoodland Road, Manchester3
£1,25008/240.41 miBlackbrook Road, Heaton Chapel, Stockport, SK43
£1,40002/240.44 mi-3
£1,25006/240.44 miLangdale Avenue, Levenshulme, Manchester, M193
£1,30005/240.44 miGarfield Avenue, Manchester, Greater Manchester, M193
£1,20001/240.45 mi-3
£1,05012/240.45 mi-3
£1,50005/240.46 mi-3
£1,30012/240.46 mi-3
£1,68006/240.49 mi-3
£1,68005/240.49 miDelamere Road, Manchester, M193
£1,51712/240.49 mi-3
£1,50005/240.49 miDelamere Road, Manchester, M193
£1,50002/200.51 miKeswick Road, Stockport, SK43
£1,39512/240.54 mi-3
£1,30005/240.55 mi-3
£1,37509/240.56 mi4Weston Grove, Stockport, Greater Manchester, SK43
£1,80003/250.57 mi-3
£1,45012/240.59 mi-3
£1,40008/240.6 mi-3
£1,40008/240.6 miHarrow Drive, Stockport, SK43
£1,59505/240.6 miCromwell Grove, Manchester, Greater Manchester, M193
£1,39505/240.61 miWestminster Street, Levenshulme, Manchester3
£1,40005/240.61 miMontreal Street, M19 3BY3
£1,19505/240.62 miSt Marks Street, Levenshulme3
£1,30005/240.62 miSt. Marks Street, Levenshulme, Manchester, M193

Local Area Statistics

Population in M19

34,838

Population in Manchester

920,095

Town centre distance

3.12 miles away

Nearest school

0.20 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £295,000

January 16, 2025

Floor Plans

Description

  • Open Rear Aspect +
  • Three Bedrooms +
  • Two Reception Rooms +
  • In Need Of Updating +
  • Mostly Redecorated +
  • Partially Replastered +
  • Conveniently Located +
  • Ideal For Commuting +
  • Drive & Garage +
  • No Chain Involved! +

A three bedroom semi detached family home ideally situated on the road with access at the rear on to Highfield Country Park which comprises a 70 acre area of open land with a picnic area and mapped out country walks. The accommodation is in need of some updating but all the ingredients are there for a purchaser to carry out improvements to their own taste and requirements. Most of the rooms have recently been redecorated, some replastering has been done, and to the ground floor there is a hall, two reception rooms and a kitchen. To the first floor there are three bedrooms and a bathroom with a separate wc. A driveway provides off road parking and leads to an attached garage. The rear garden is a good size and affords an excellent degree of privacy. Milford Drive is convenient for local amenities catering for most of the everyday wants and needs and for the commuter Heaton Chapel train station is just a 0.9 mile walk away and operates into both Stockport and Manchester centres. There is an excellent bus service, and the regions motorway network serves the whole of the Northwest and beyond. Freehold with a chief rent of £5.00 per annum. Council tax band C. No chain involved!

Agent Details

John Mellor Independent Estate Agents, Heaton Moor

0161 524 4074

Next Steps?

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