3 Bed Semi-Detached House, Refurb/BRRR, Manchester, M14 6PH, £355,000

Birchfields Road, Longsight, Manchester, Greater Manchester, M14 6PH - 4 views - 2 months ago

Sold STC
Motivated
Refurb/BRRR
ROI: 1%
~93 m²
+13 photos

ValuationOvervalued

Sold Prices£110K - £435K
Sold Prices/m²£1K/m² - £5.1K/m²

 

 

Square Metres

~93 m²
Price/m²£3.8K/m²

Value Estimate

£257,080

 

 

End Value (After Refurb)

£310,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£88,750

Stamp Duty & Legal Fees

£17,100

Refurb Costs

£39,200

Bridging Loan Interest

£9,319

Total Cash In

£156,119

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£310,000

Mortgage (After Refinance)

£232,500

Mortgage LTV

75%

Cash Left In

£156,119

Equity

£77,500

Rent Range

£390 - £2,405

Rent Estimate

£1,458

Running Costs/mo

£1,280

Cashflow/mo

£178

Cashflow/yr

£2,132

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £110K to £435K, average is £278K. £1K/m² to £5.1K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£298.5K03/240.08 mi64, Lytham Road, Manchester, Greater Manchester M14 6PL3
£220K07/210.09 mi14, Handforth Grove, Manchester, Greater Manchester M13 0UH3
£420K04/230.1 mi125, Old Hall Lane, Manchester, Greater Manchester M14 6HL3
£257.5K09/210.11 mi35, Craston Road, Manchester, Greater Manchester M13 0UT3
£219K03/210.12 mi68, Old Hall Lane, Manchester, Greater Manchester M13 0UD3
£150K06/240.13 mi4, Skelton Grove, Manchester, Greater Manchester M13 0UL3
£210K03/210.23 mi176, Birchfields Road, Manchester, Greater Manchester M14 6PE3
£121.1K11/210.23 mi62, Brynton Road, Manchester, Greater Manchester M13 0UG3
£377.5K12/230.23 mi1, Kingsmere Avenue, Manchester, Greater Manchester M19 2DB3
£370K12/220.24 mi6, Kingsmere Avenue, Manchester, Greater Manchester M19 2DB3
£340K11/230.25 mi27, Lytham Road, Manchester, Greater Manchester M19 2AT3
£435K03/240.25 mi1, Lytham Road, Manchester, Greater Manchester M19 2AT3
£312K12/200.25 mi13, Lytham Road, Manchester, Greater Manchester M19 2AT3
£430K11/220.25 mi13, Lytham Road, Manchester, Greater Manchester M19 2AT3
£276K11/220.25 mi164, Birchfields Road, Manchester, Greater Manchester M14 6PE3
£310K04/230.25 mi17, Kingsway Avenue, Manchester, Greater Manchester M19 2DH3
£362K09/230.25 mi30, Kingsway Avenue, Manchester, Greater Manchester M19 2DH3
£264K10/220.25 mi23, Whitburn Avenue, Manchester, Greater Manchester M13 0UR3
£345K11/220.26 mi33, Lindsay Avenue, Manchester, Greater Manchester M19 2AR3
£226K11/200.27 mi35, Elsdon Road, Manchester, Greater Manchester M13 0TN3
£285K11/230.27 mi55, Elsdon Road, Manchester, Greater Manchester M13 0TN3
£360.1K07/210.28 mi7, Lindsay Avenue, Manchester, Greater Manchester M19 2AR3
£341K06/230.29 mi8, Allandale Road, Manchester, Greater Manchester M19 2AU3
£140.5K09/220.29 mi18, Meldon Road, Manchester, Greater Manchester M13 0TT3
£300K10/210.29 mi6, Allandale Road, Manchester, Greater Manchester M19 2AU3
£250K09/230.3 mi15, Kingsway, Manchester, Greater Manchester M19 2BZ3
£352.5K10/210.31 mi29, Collingwood Road, Manchester, Greater Manchester M19 2AP3
£335K04/210.31 mi1, Collingwood Road, Manchester, Greater Manchester M19 2AP3
£182K02/210.32 mi93, Braemar Road, Manchester, Greater Manchester M14 6PQ3
£170K12/200.33 mi106, Beresford Road, Manchester, Greater Manchester M13 0TB3
£361K09/210.34 mi12, Fairview Avenue, Manchester, Greater Manchester M19 2AN3
£280K02/210.34 mi30, Fairview Avenue, Manchester, Greater Manchester M19 2AN3
£200K10/230.34 mi98, Braemar Road, Manchester, Greater Manchester M14 6PG3
£266K09/210.35 mi280, Moseley Road, Levenshulme, Manchester, Greater Manchester M19 2LH3
£267.5K12/210.35 mi14, Raincliff Avenue, Manchester, Greater Manchester M13 0TD3
£235K11/210.35 mi18, Raincliff Avenue, Manchester, Greater Manchester M13 0TD3
£286K01/240.36 mi14, Monica Grove, Manchester, Greater Manchester M19 2BN3
£350K08/230.37 mi138, Slade Lane, Manchester, Greater Manchester M19 2AQ3
£160K03/210.37 mi192, Brailsford Road, Manchester, Greater Manchester M14 6QA3
£267.5K10/200.37 mi6, Austin Grove, Manchester, Greater Manchester M19 2BH3
£315K03/210.37 mi8, Austin Grove, Manchester, Greater Manchester M19 2BH3
£315K12/230.38 mi29, Turnbull Road, Longsight, Manchester, Greater Manchester M13 0PZ3
£300K07/230.38 mi13, Turnbull Road, Longsight, Manchester, Greater Manchester M13 0PZ3
£265K05/230.38 mi29, Monica Grove, Manchester, Greater Manchester M19 2BQ3
£110K02/230.38 mi47, Reynell Road, Manchester, Greater Manchester M13 0PU3
£225K09/210.38 mi53, Reynell Road, Manchester, Greater Manchester M13 0PU3
£240K03/210.39 mi31, Fortuna Grove, Manchester, Greater Manchester M19 2BP3
£165K08/210.39 mi26, Reynell Road, Manchester, Greater Manchester M13 0PT3
£236K09/220.4 mi35, Colwyn Avenue, Manchester, Greater Manchester M14 6QN3
£330K01/230.4 mi42, Scarisbrick Road, Manchester, Greater Manchester M19 2BS3

Local Rents

50 rents from £390/mo to £2.4K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,43005/240.1 miOld Hall Lane, Fallowfield, Manchester, M143
£1,30005/240.23 miOld Hall Lane, Manchester, M133
£1,69503/250.25 mi-3
£1,50012/240.27 mi-3
£1,59505/240.29 miOmer Avenue, Manchester, M133
£1,30005/240.32 miBraemar Road, Fallowfield, Manchester, M143
£1,10505/240.32 miBraemar Road, Fallowfield, M143
£1,30005/240.32 miBraemar Road, Fallowfield, M143
£1,25005/240.32 miRedshaw Close, Fallowfield3
£1,60005/240.33 miLytham Road, Fallowfield3
£1,60012/240.33 mi-3
£1,65003/250.34 mi-3
£1,30005/240.34 miBrailsford Road, Fallowfield, Manchester, M143
£1,95005/240.35 miBrailsford Road, Fallowfield3
£39005/240.35 miBrailsford Road, Manchester, Greater Manchester, M143
£1,50005/240.35 miBraemar Road, Fallowfield, Manchester, M143
£1,35005/240.35 miBrailsford Road, Fallowfield, Manchester, M143
£1,43002/240.35 mi-3
£1,19505/240.35 miBraemar Road, Manchester, M143
£2,01505/240.35 miBrailsford Road. Bills included, Fallowfield, M14 6PZ3
£1,30003/250.36 mi-3
£1,59503/250.36 mi-3
£1,56005/240.37 miBrailsford Road, Fallowfield, Manchester, M143
£1,43005/240.37 miBrailsford Road, Manchester, M143
£1,56005/240.37 miBrailsford Road, Fallowfield3
£1,29505/240.38 miReynell Road, Longsight, Manchester, M133
£1,60005/240.39 miFortuna Grove, Manchester, Greater Manchester, M19 2BP3
£1,20005/240.39 miMonica Grove, Manchester, Greater Manchester, M193
£1,30005/240.39 miBrailsford Road, Fallowfield, M143
£1,40012/240.41 mi-3
£1,35005/240.42 mi-3
£1,35005/240.42 miAlbert Road, Manchester, M193
£1,60012/240.43 mi-3
£1,10012/240.45 mi-3
£1,24505/240.46 miLindleywood Road, Manchester, Greater Manchester, M143
£1,25012/240.48 mi-3
£1,25005/240.48 miAlbert Road, Manchester, M193
£1,25006/240.48 miAlbert Road, Manchester, M193
£1,40012/240.48 mi-3
£1,25012/240.49 mi-3
£1,58605/240.49 miLadybarn Lane, Manchester m14 6nq3
£1,58605/240.49 miLadybarn Lane, Manchester M14 6NQ3
£1,45605/240.51 miMontgomery Road, Manchester3
£1,19503/240.51 miPensarn Avenue, M143
£1,75012/240.51 mi-3
£1,97605/240.51 miBirchfields Road, Rusholme, Manchester, M133
£1,69512/240.52 mi-3
£1,49505/240.53 miAlbert Road, Manchester, Greater Manchester, M193
£1,35005/240.53 miMabfield Road, Manchester, M143
£2,40505/240.53 miCarill Drive, Fallowfield, Manchester3

Local Area Statistics

Population in M14

52,853

Population in Manchester

920,095

Town centre distance

1.91 miles away

Nearest school

0.10 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-42%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Listed for £355,000

January 23, 2025

Floor Plans

Description

  • Council Tax Band C, Freehold, +
  • Spacious Living Room +
  • Separate Dining Room +
  • Fitted Kitchen With Dining Area +
  • Three Good Sized Bedrooms +
  • Family Bathroom and Separate WC +
  • Chain Free in Need of Modernisation +
  • Large Rear Garden with Garage +
  • Off Road Parking +
  • Viewing Advised +

Chain free property in a popular area in need of some modernisation. Acres of potential to be transformed into a perfect family home or maybe a student let. Viewing Advised

This semi detached home is located in Longsight with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.

The accommodation briefly comprises a welcoming entrance way, a spacious living room, dining room and a fitted kitchen, with a dining area.

To the first floor is an inviting landing area through to three well-proportioned bedrooms a bathroom and a separate WC

Externally, the property benefits from a rear garden and off road parking

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £5,000. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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