5 Bed HMO, Manchester, M12 4WQ, £250,000

Martindale Crescent, Ardwick, M12 4WQ - 13 views - 3 months ago

HMO
Cash
Refurb/BRRR
ROI: 5%
~158 m²
+8 photos

ValuationFair Value

Sold Prices£100K - £750K
Sold Prices/m²£741/m² - £4.3K/m²

 

 

Square Metres

~157.94 m²
Price/m²£1.6K/m²

Value Estimate

£252,500

 

 

End Value (After Refurb)

£394,850

Uplift in Value

+58%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£16,200

Refurb Costs

£66,783

Bridging Loan Interest

£6,563

Total Cash In

£153,796

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£394,850

Agent Fees (1%)

£3,949

Bridging Loan

£187,500

Bridging Loan Interest

£6,563

Flip Profit

£49,606

Local Sold Prices

31 sold prices from £100K to £750K, average is £335K. £741/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£325K07/230.51 mi35, Hathersage Road, Manchester, Greater Manchester M13 0EJ5
£225K08/230.64 mi17, Runhall Close, Manchester, Greater Manchester M12 5PY5
£188K03/230.66 mi330, Dickenson Road, Manchester, Greater Manchester M13 0NG5
£150K07/210.68 mi14, Hamilton Road, Manchester, Greater Manchester M13 0PB5
£425K03/210.7 mi8, Upper Kent Road, Manchester, Greater Manchester M14 5DF5
£419K06/210.71 mi8, Upper Kent Road, Manchester, Greater Manchester M14 5DF5
£295K07/220.86 mi156, Northmoor Road, Manchester, Greater Manchester M12 5RS5
£400K07/220.93 mi28, Lower Park Road, Manchester, Greater Manchester M14 5QY5
£250K08/210.94 mi14, Crescent Range, Manchester, Greater Manchester M14 5RW5
£330K05/210.94 mi10, Crescent Range, Manchester, Greater Manchester M14 5RW5
£460K08/220.98 mi1, Calbourne Crescent, Manchester, Greater Manchester M12 5GX5
£294.4K06/211.02 mi170, Hamilton Road, Manchester, Greater Manchester M13 0PG5
£310K02/231.09 mi11, Orme Close, Manchester, Greater Manchester M11 3JX5
£235K06/211.22 mi8, Ollier Avenue, Manchester, Greater Manchester M12 5SU5
£376K03/221.23 mi25, Craydon Street, Openshaw, Manchester, Greater Manchester M11 2FW5
£495K03/211.27 mi3, Rushford Avenue, Manchester, Greater Manchester M19 2HG5
£335K03/241.42 mi51, Brookhurst Road, Manchester, Greater Manchester M18 7ND5
£286K02/211.51 mi37, Albert Road, Manchester, Greater Manchester M19 2FT5
£100K07/211.53 mi13, Beech Range, Manchester, Greater Manchester M19 2EU5
£333K11/231.54 mi18, Beech Range, Manchester, Greater Manchester M19 2EU5
£380K02/231.54 mi16, Beech Range, Manchester, Greater Manchester M19 2EU5
£750K11/201.57 miThe Grange, Grange Avenue, Levenshulme, Manchester, Greater Manchester M19 2EY5
£230K02/211.62 mi370, Slade Lane, Manchester, Greater Manchester M19 2BU5
£350K12/221.73 mi27, Chervil Close, Manchester, Greater Manchester M14 7DP5
£450K03/211.74 mi97, Linden Park, Manchester, Greater Manchester M19 2PG5
£420K01/231.82 mi46, Whitebrook Road, Manchester, Greater Manchester M14 6EF5
£490K05/231.85 mi40, Ranford Road, Manchester, Greater Manchester M19 2GL5
£420K03/211.92 mi2, Omer Drive, Manchester, Greater Manchester M19 2JN5
£290K02/211.93 mi2, Connaught Avenue, Burnage, Manchester, Greater Manchester M19 2NN5
£550K09/211.96 mi17, Amherst Road, Manchester, Greater Manchester M14 6UG5
£625K10/221.99 mi2, Amherst Road, Manchester, Greater Manchester M14 6UQ5

Local Area Statistics

Population in M12

15,739

Population in Manchester

920,095

Town centre distance

1.93 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+22%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £250,000

January 17, 2025

Floor Plans

Description

  • INVESTMENT OPPORTUNITY +
  • Three Separate Apartments +
  • No Chain +
  • Cash Only Buyers +
  • Attractively Priced +
  • Off Road Parking +

This NO CHAIN property was originally a three-bedroom mid-terrace house and has now been converted into THREE separate flats. The ATTRACTIVELY PRICED property is brimming with POTENTIAL and is ideal for those seeking a BUY-TO-LET investment. Located in the sought-after area of Ardwick, the property boasts off-road parking to the front and an entrance hall with three storage cupboards and a downstairs shower room. The ground floor includes a kitchen, lounge, bedroom, and provides access to an extended bedroom and shower room. The first floor features two double bedrooms, a kitchen, and an additional bathroom. Externally, the property benefits from an enclosed garden area which is paved for easy maintenance. While the property requires some work and modernisation, it provides an excellent opportunity for a developer or investor to capitalise on its existing layout and convert it into a profitable multi-let property. The property is nearby to a range of convenient local amenities including shops, food/drink establishments and TRANSPORT LINKS from bus routes and Ardwick station. Viewing is HIGHLY recommended to appreciate all this property has to offer! Call TODAY to register your interest.

Agent Details

Edward Mellor Ltd, Levenshulme

0161 524 5302

Next Steps?

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