3 Bed Semi-Detached House, Refurb/BRRR, Manchester, M20 4NL, £340,000

Parsonage Road, Manchester, Greater Manchester, M20 4NL - 3 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£180K - £415K
Sold Prices/m²£2K/m² - £5.1K/m²

 

 

Square Metres

~93 m²
Price/m²£3.7K/m²

Value Estimate

£281,682

 

 

End Value (After Refurb)

£325,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£85,000

Stamp Duty & Legal Fees

£15,900

Refurb Costs

£39,200

Bridging Loan Interest

£8,925

Total Cash In

£150,775

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£325,000

Mortgage (After Refinance)

£243,750

Mortgage LTV

75%

Cash Left In

£150,775

Equity

£81,250

Rent Range

£130 - £2,400

Rent Estimate

£1,500

Running Costs/mo

£1,336

Cashflow/mo

£164

Cashflow/yr

£1,973

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £180K to £415K, average is £293K. £2K/m² to £5.1K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£345K03/230 mi175, Parsonage Road, Manchester, Greater Manchester M20 4NL3
£340K03/230 mi167, Parsonage Road, Manchester, Greater Manchester M20 4NL3
£267.5K08/210.07 mi4, Parrs Wood Road, Manchester, Greater Manchester M20 4NJ3
£235K01/230.1 mi17, Meredith Street, Manchester, Greater Manchester M14 6ST3
£300K06/210.12 mi3, St Chads Road, Manchester, Greater Manchester M20 4WH3
£325K08/230.12 mi16, St Chads Road, Manchester, Greater Manchester M20 4WH3
£415K04/230.12 mi24, St Chads Road, Manchester, Greater Manchester M20 4WH3
£285K11/200.12 mi109, Parsonage Road, Manchester, Greater Manchester M20 4WZ3
£345K03/210.12 mi5, Hartswood Road, Manchester, Greater Manchester M20 4RL3
£360K03/230.13 mi126, Parsonage Road, Manchester, Greater Manchester M20 4WY3
£312.5K12/200.14 mi56, Parrs Wood Road, Manchester, Greater Manchester M20 4RW3
£325K10/210.16 mi13, Hatherley Road, Manchester, Greater Manchester M20 4RN3
£325K10/220.16 mi21, Green Street, Manchester, Greater Manchester M14 6TL3
£270K06/230.16 mi13a, Green Street, Manchester, Greater Manchester M14 6TL3
£325K09/210.16 mi16, Shireoak Road, Manchester, Greater Manchester M20 4NY3
£303K06/210.2 mi41, Green Street, Manchester, Greater Manchester M14 6TD3
£290K11/200.22 mi51, School Grove, Manchester, Greater Manchester M20 4RT3
£300K02/240.22 mi220, School Grove, Manchester, Greater Manchester M20 4RT3
£320K07/210.23 mi102, Parsonage Road, Manchester, Greater Manchester M20 4WU3
£365K08/230.23 mi88, Parsonage Road, Manchester, Greater Manchester M20 4WU3
£293K01/210.23 mi10, Lathom Road, Manchester, Greater Manchester M20 4NX3
£330K07/230.24 mi49, Hatherley Road, Manchester, Greater Manchester M20 4RU3
£247.5K11/230.25 mi12, Egerton Terrace, Manchester, Greater Manchester M14 6RL3
£218.5K11/210.25 mi30, Northbank Gardens, Manchester, Greater Manchester M19 1BE3
£211K04/210.25 mi60, Northbank Gardens, Manchester, Greater Manchester M19 1BE3
£223K04/210.25 mi20, Northbank Gardens, Manchester, Greater Manchester M19 1BE3
£310K06/210.25 mi9, Exbury Street, Manchester, Greater Manchester M14 6RF3
£315K01/230.25 mi90, Beverly Road, Manchester, Greater Manchester M14 6TH3
£292K10/210.25 mi84, Beverly Road, Manchester, Greater Manchester M14 6TH3
£198K02/210.27 mi43, Edgeworth Drive, Manchester, Greater Manchester M14 6RU3
£355K08/230.28 mi61, Stephens Road, Manchester, Greater Manchester M20 4XB3
£180K02/210.28 mi275, Kingsway, Manchester, Greater Manchester M19 1AN3
£385K10/230.29 mi48, Brookleigh Road, Manchester, Greater Manchester M20 4RX3
£290K09/230.29 mi21, Fairholme Road, Manchester, Greater Manchester M20 4WT3
£370K07/230.29 mi102, Stephens Road, Manchester, Greater Manchester M20 4XD3
£279K03/210.29 mi86, Stephens Road, Manchester, Greater Manchester M20 4XD3
£293K05/210.29 mi40, Amherst Road, Manchester, Greater Manchester M20 4NS3
£302K12/200.29 mi34, Amherst Road, Manchester, Greater Manchester M20 4NS3
£265K04/210.3 mi20, Astor Road, Manchester, Greater Manchester M19 2LX3
£275K06/210.31 mi2, Hove Drive, Manchester, Greater Manchester M14 6TF3
£230K12/200.32 mi23, Winfield Avenue, Manchester, Greater Manchester M20 4SZ3
£310K08/220.32 mi30, Wald Avenue, Manchester, Greater Manchester M14 6TE3
£238.5K03/210.33 mi99, Burnside Drive, Manchester, Greater Manchester M19 2NA3
£201.5K06/210.33 mi27, Ainsford Road, Manchester, Greater Manchester M20 4ST3
£215K05/210.34 mi18, Ferndale Gardens, Manchester, Greater Manchester M19 1AW3
£235K05/210.34 mi33, Ferndale Gardens, Manchester, Greater Manchester M19 1AW3
£376K02/230.34 mi64, Ashdene Road, Manchester, Greater Manchester M20 4RZ3
£215K01/210.34 mi21, Westbank Road, Manchester, Greater Manchester M20 4SU3
£267.5K08/210.35 mi58, Kingswood Road, Manchester, Greater Manchester M14 6RX3
£283K07/220.35 mi74, Kingswood Road, Manchester, Greater Manchester M14 6RX3

Local Rents

50 rents from £130/mo to £2.4K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,70005/240.06 miMauldeth Road, Withington, M14 6SQ3
£1,59506/240.12 miSt Chad's Road, Withington3
£1,79405/240.14 miSt Georges Road, Fallowfield, M143
£1,50012/240.14 mi-3
£1,50012/240.14 mi-3
£1,50005/240.14 miSt. Georges Road, Manchester, M143
£1,50006/240.14 miSt. Georges Road, Manchester, M143
£1,50006/240.14 miSt. Georges Road, Manchester, M143
£13005/240.14 miGreen Street, Manchester, 3
£1,29505/240.15 miHaslemere Road, Manchester, M20 4RD3
£1,20005/240.18 miBeverly Road, Manchester, Greater Manchester, M143
£1,50004/250.21 mi-3
£54205/240.21 miExbury Street, Manchester, 3
£60705/240.21 miExbury Street, Manchester, 3
£54205/240.21 miExbury Street, Manchester , 3
£56305/240.21 miExbury Street, Manchester, 3
£56305/240.21 miExbury Street, Manchester , 3
£1,50012/240.22 mi-3
£1,50012/240.22 mi-3
£1,17005/240.24 miSherlock Street, Fallowfield, M143
£1,49505/240.25 miEdgeworth Drive, Fallowfield, M14 6RU3
£1,20005/240.25 miBeverly Road, Manchester, Greater Manchester, M143
£1,65005/240.25 miSchool Grove, Manchester, Greater Manchester, M203
£1,30003/250.25 mi-3
£1,79405/240.25 miHolcombe Road, Fallowfield, Manchester, M143
£1,79405/240.26 miHolcombe Road, Fallowfield, Manchester, M143
£1,40005/240.27 miRoyle Street, Manchester, Greater Manchester, M143
£1,55002/250.27 mi-3
£1,49504/250.27 mi-3
£1,65005/240.28 miBrookleigh Road, Withington, Greater Manchester, M203
£1,45605/240.28 miParsonage road, M20 3EB3
£1,70012/240.28 mi-3
£1,70005/240.28 miBrookleigh Road, Manchester, M203
£1,65005/240.29 miAmherst Road, Withington, M203
£1,49503/250.29 mi-3
£1,40005/240.29 miKingswood Road, Fallowfield3
£1,50012/240.3 mi-3
£1,75012/240.3 mi-3
£1,65005/240.3 mi-3
£1,72512/240.33 mi-3
£1,72512/240.33 mi-3
£1,77004/250.33 mi-3
£1,30005/240.33 miKingswood Road, Manchester, M14 6SB3
£1,88505/240.33 miKingswood Road, M14 7PU3
£1,88505/240.33 miKingswood Road, M14 7PU3
£1,69505/240.33 miAshdene Road, Manchester, Greater Manchester, M203
£1,49505/240.34 miHeathside Road, Withington, M20 4XH3
£1,56005/240.35 miCedar Grove, Fallowfield, Manchester, M143
£1,20005/240.35 miHaldon Road, Withington, M203
£2,40003/250.36 mi-3

Local Area Statistics

Population in M20

49,129

Population in Manchester

920,095

Town centre distance

2.14 miles away

Nearest school

0.10 miles away

Nearest train station

0.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £340,000

January 17, 2025

Floor Plans

Description

Situated in a prime location on Parsonage Road, Withington, this spacious 3-bedroom semi-detached property offers fantastic potential for those looking to modernise and create their dream home. With no vendor chain, it's an ideal opportunity to add your personal touch to a property that is already in a highly sought-after area.

Perfect for families, the property is within walking distance of Ladybarn Park, providing ample green space for outdoor activities and children's play. Additionally, Mauldeth Road Train Station is just a short walk away, offering excellent transport links to both the city centre and Manchester Airport, making it perfect for commuters.

The accommodation includes an entrance hallway, a large living room, a separate dining room, and a kitchen, all of which are in need of some modernisation. Upstairs, you'll find three well-proportioned bedrooms and a family bathroom.

Externally, the property benefits from a driveway with parking space for several cars, while to the rear, a generously sized garden provides a blank canvas for landscaping or creating an outdoor haven.

The property is conveniently located close to a number of highly regarded schools and local amenities, ensuring that all your everyday needs are easily met.

With its fantastic location, ample living space, and the opportunity to personalise the interior, this property is an excellent prospect for first-time buyers, growing families, or investors looking to add value.

Don't miss the chance to view this property and explore its full potential!

Agent Details

Bridgfords, Withington

0161 524 2534

Next Steps?

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