3 Bed Semi-Detached House, Refurb/BRRR, Manchester, M40 1PJ, £190,000

26 Albert Gardens, Manchester, M40 1PJ - 8 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 12%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£110K - £340K
Sold Prices/m²£1.2K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£171,607

 

 

End Value (After Refurb)

£170,642

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Refurb Costs

£39,324

Bridging Loan Interest

£4,988

Total Cash In

£100,462

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£170,642

Mortgage (After Refinance)

£127,982

Mortgage LTV

75%

Cash Left In

£100,462

Equity

£42,661

Rent Range

£795 - £3,534

Rent Estimate

£1,941

Running Costs/mo

£942

Cashflow/mo

£999

Cashflow/yr

£11,988

ROI

12%

Gross Yield

12%

Local Sold Prices

50 sold prices from £110K to £340K, average is £174.5K. £1.2K/m² to £4K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£120K12/200.02 mi17, Albert Gardens, Manchester, Greater Manchester M40 1PJ3
£124K11/200.03 mi28, Albert Gardens, Manchester, Greater Manchester M40 1PJ3
£141.2K11/200.07 mi55, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0LA3
£220K03/230.11 mi109, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0JZ3
£138K02/210.11 mi86, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0JZ3
£150K12/200.11 mi52, Miriam Street, Failsworth, Manchester, Greater Manchester M35 0JZ3
£165K07/230.12 mi75, Averill Street, Manchester, Greater Manchester M40 1PH3
£190K09/210.12 mi25, Crammond Close, Manchester, Greater Manchester M40 1PL3
£110K08/210.16 mi25, Rossington Street, Manchester, Greater Manchester M40 1PG3
£175K03/230.17 mi40, Rossington Street, Manchester, Greater Manchester M40 1PQ3
£118K04/210.17 mi6, Leng Road, Manchester, Greater Manchester M40 1WX3
£155K05/230.17 mi16, Leng Road, Manchester, Greater Manchester M40 1WX3
£150K12/230.17 mi62, Leng Road, Manchester, Greater Manchester M40 1WX3
£131K11/200.17 mi86, Gaskell Street, Manchester, Greater Manchester M40 1NS3
£133.2K05/210.19 mi77, Farm Street, Failsworth, Manchester, Greater Manchester M35 0JT3
£132K10/200.2 mi43, Terence Street, Manchester, Greater Manchester M40 1QD3
£210K06/230.2 mi59, Brooks Drive, Failsworth, Manchester, Greater Manchester M35 0LZ3
£170K09/200.21 mi15, Bradshaw Avenue, Failsworth, Manchester, Greater Manchester M35 0JY3
£180K05/230.22 mi134, Droylsden Road, Manchester, Greater Manchester M40 1NZ3
£111.5K12/200.22 mi146, Gaskell Street, Manchester, Greater Manchester M40 1BF3
£190K12/200.24 mi22, Sparth Road, Manchester, Greater Manchester M40 1QH3
£145K12/200.26 mi19, Wallis Street, Manchester, Greater Manchester M40 1NU3
£195K03/210.26 mi131, Droylsden Road, Manchester, Greater Manchester M40 1NT3
£340K01/230.26 mi20, Sparth Road, Manchester, Greater Manchester M40 1QH3
£200K03/210.26 mi114, Droylsden Road, Manchester, Greater Manchester M40 1WT3
£143K11/220.27 mi38, Poplar Street, Failsworth, Manchester, Greater Manchester M35 0HY3
£179K02/230.27 mi34, Poplar Street, Failsworth, Manchester, Greater Manchester M35 0HY3
£185K01/230.28 mi48, Poplar Street, Failsworth, Manchester, Greater Manchester M35 0HY3
£139.9K04/210.28 mi32, Poplar Street, Failsworth, Manchester, Greater Manchester M35 0HY3
£180K06/210.28 mi10, Graver Lane, Manchester, Greater Manchester M40 1QL3
£176K02/230.29 mi14, Marguerita Road, Manchester, Greater Manchester M40 1QJ3
£210K12/200.29 mi1, Brookdale Avenue, Manchester, Greater Manchester M40 1GH3
£248K06/230.3 mi75, Somerset Road, Failsworth, Manchester, Greater Manchester M35 0WT3
£174K12/220.3 mi25, Jackson Street, Failsworth, Manchester, Greater Manchester M35 0HX3
£115K08/210.3 mi25, Jackson Street, Failsworth, Manchester, Greater Manchester M35 0HX3
£218K08/230.32 mi5, Brooks Drive, Failsworth, Manchester, Greater Manchester M35 0LS3
£185K12/220.32 mi17, Brooks Drive, Failsworth, Manchester, Greater Manchester M35 0LS3
£174.9K11/210.33 mi52, Propps Hall Drive, Failsworth, Manchester, Greater Manchester M35 0LW3
£220K07/230.33 mi10, Grove Avenue, Failsworth, Manchester, Greater Manchester M35 0JU3
£265K04/230.33 mi5, Grove Avenue, Failsworth, Manchester, Greater Manchester M35 0JU3
£151.3K12/220.33 mi41, Derbyshire Road, Manchester, Greater Manchester M40 1QN3
£189K05/210.33 mi41, Derbyshire Road, Manchester, Greater Manchester M40 1QN3
£245K07/230.33 mi22, Derbyshire Road, Manchester, Greater Manchester M40 1QN3
£174K12/220.34 mi66, Culcheth Lane, Manchester, Greater Manchester M40 1LU3
£124K11/200.34 mi2, Holyrood Street, Manchester, Greater Manchester M40 1QP3
£220K04/230.36 mi22, Assheton Crescent, Manchester, Greater Manchester M40 1NN3
£180K04/210.36 mi23, Devon Road, Failsworth, Manchester, Greater Manchester M35 0NR3
£170K02/210.36 mi59, Norfolk Crescent, Failsworth, Manchester, Greater Manchester M35 0WS3
£260K12/220.37 mi19, Devon Road, Failsworth, Manchester, Greater Manchester M35 0NR3
£138K12/200.37 mi1414, Oldham Road, Manchester, Greater Manchester M40 1EZ3

Local Rents

52 rents from £795/mo to £3.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30001/250.02 mi-3
£1,20003/250.06 mi-3
£1,25005/240.07 mi-3
£1,25003/250.07 mi-3
£1,47507/240.16 mi-3
£1,47506/240.16 miGreaves Avenue, Manchester, M353
£3,53405/240.17 mi-3
£3,53402/240.17 mi-3
£3,46002/240.17 mi-3
£3,53405/240.17 mi-3
£3,53406/240.17 mi-3
£3,46006/240.17 mi-3
£3,53408/240.17 mi-3
£3,53408/240.17 mi-3
£3,46005/240.17 mi-3
£3,53409/240.17 mi-3
£3,46008/240.17 mi-3
£3,46009/240.17 mi-3
£3,53410/240.17 mi-3
£3,46011/240.17 mi-3
£3,53401/250.17 mi-3
£3,53401/250.17 mi-3
£3,53401/250.17 mi-3
£2,80009/240.17 mi-3
£1,20007/240.22 miLoring Street, M403
£1,22503/250.22 mi-3
£90005/240.26 mi-3
£90005/240.26 miDroylsden Road, Manchester, M403
£1,45004/240.28 mi-3
£1,45005/240.28 miAlbert Street West, Failsworth, Manchester, M353
£1,45008/240.28 mi-3
£1,45007/240.28 miAlbert Street West, Failsworth, Manchester, M353
£1,20003/250.3 mi-3
£1,10006/240.3 miVictoria Street, Failsworth, Manchester3
£1,00008/240.31 mi-3
£1,05009/240.32 miGrange Street, Failsworth, Oldham, M353
£1,30008/240.34 miDerbyshire Road, Manchester, M403
£1,30008/240.34 mi-3
£1,35007/240.35 miFrank Birchall Close, Manchester3
£1,29509/240.36 mi-3
£1,29508/240.36 miAssheton Road, Manchester, M403
£1,15007/240.37 miRegent Crescent, Failsworth, Manchester3
£1,20005/240.38 miAssheton Road, Newton Heath, Manchester3
£1,30002/240.38 mi-3
£1,20005/240.39 mi-3
£1,15012/240.39 mi-3
£1,15001/240.4 mi-3
£1,05007/240.41 miBrookdale Street, Failsworth, M353
£1,44005/240.41 mi-3
£1,10003/250.43 mi-3
£1,19505/240.43 miAssheton Road, Newton Heath, Manchester, M40 1NJ3
£79505/240.44 mi-3

Local Area Statistics

Population in M40

40,888

Population in Manchester

920,095

Town centre distance

4.57 miles away

Nearest school

0.20 miles away

Nearest train station

0.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Seller's market

Capital growth (5yrs)

+73%

Property History

Listed for £190,000

January 20, 2025

Floor Plans

Description

  • SEMI-DETACHED +
  • THREE BEDROOMS +
  • GARDENS +
  • DRIVEWAY +
  • GARAGE +
  • GREAT SIZE +
  • FAMILY HOME +
  • COUNCIL TAX BAND: B +

Located in a cul-de-sac of Albert Gardens, Manchester, this charming semi-detached family home presents an excellent opportunity for those seeking a project to make their own. With three well-proportioned bedrooms, this property is ideal for families or individuals looking for extra space.

Upon entering, you will find two inviting reception rooms that offer versatility,The layout provides a welcoming atmosphere, perfect for family gatherings or quiet evenings in. The house features a bathroom that, while functional, may benefit from some modernisation, allowing you to tailor it to your personal taste.

The exterior of the property is equally appealing, boasting a driveway with a garage for additional storage or parking. The front, back, and side gardens provide ample outdoor space, ideal for gardening enthusiasts or for children to play safely.

This home requires refurbishment, presenting a blank canvas for those with a vision to create their dream living space. The potential is vast, and with some thoughtful updates, this house can truly shine.

We highly recommend viewing this property to fully appreciate what it has to offer. With its prime location and ample space, it is a fantastic opportunity for anyone looking to invest in a family home in Manchester. Don’t miss out on the chance to make this house your own.

Lounge -

Dining Room -

Kitchen -

Bedroom One -

Bedroom Two -

Bedroom Three -

Bathroom -

Agent Details

COUSINS ESTATE AGENTS, Failsworth

0161 524 3943

Next Steps?

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