2 Bed Terraced House, Refurb/BRRR, Atherton, M46 0QA, £110,000

Wigan Road, M46 0QA - 3 months ago

Sold STC
Leasehold
Cash
Refurb/BRRR
ROI: 3%
~65 m²
+3 photos

ValuationFair Value

Sold Prices£69K - £238.5K
Sold Prices/m²£865/m² - £4.9K/m²

 

 

Square Metres

~65 m²
Price/m²£1.7K/m²

Value Estimate

£112,200

 

 

End Value (After Refurb)

£145,772

Uplift in Value

+33%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Refurb Costs

£27,398

Bridging Loan Interest

£2,888

Total Cash In

£66,235

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£145,772

Mortgage (After Refinance)

£109,329

Mortgage LTV

75%

Cash Released

£26,829

Cash Left In

£39,407

Equity

£36,443

Rent Range

£540 - £1,050

Rent Estimate

£818

Running Costs/mo

£639

Cashflow/mo

£179

Cashflow/yr

£2,146

ROI

3%

Gross Yield

9%

Local Sold Prices

50 sold prices from £69K to £238.5K, average is £133K. £865/m² to £4.9K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£167K12/230 mi287, Wigan Road, Atherton, Manchester, Greater Manchester M46 0QA2
£105K03/230 mi333, Wigan Road, Atherton, Manchester, Greater Manchester M46 0QA2
£159.9K02/210.04 mi552, Wigan Road, Atherton, Manchester, Greater Manchester M46 0GA2
£165K10/230.04 mi550, Wigan Road, Atherton, Manchester, Greater Manchester M46 0GA2
£185K02/230.04 mi506, Wigan Road, Atherton, Manchester, Greater Manchester M46 0GA2
£135K03/210.12 mi7, Schofield Lane, Atherton, Manchester, Greater Manchester M46 0QB2
£145K10/230.12 mi11, Schofield Lane, Atherton, Manchester, Greater Manchester M46 0QB2
£122.5K11/200.12 mi1, Schofield Lane, Atherton, Manchester, Greater Manchester M46 0QB2
£134.4K12/200.12 mi9, Schofield Lane, Atherton, Manchester, Greater Manchester M46 0QB2
£155K11/220.12 mi16, Schofield Lane, Atherton, Manchester, Greater Manchester M46 0QB2
£135K03/240.22 mi173, Lovers Lane, Atherton, Manchester, Greater Manchester M46 0PY2
£155K03/230.22 mi352, Wigan Road, Atherton, Manchester, Greater Manchester M46 0QD2
£150K12/220.22 mi424, Wigan Road, Atherton, Manchester, Greater Manchester M46 0QD2
£100K05/230.22 mi416, Wigan Road, Atherton, Manchester, Greater Manchester M46 0QD2
£124K02/210.24 mi201, Wigan Road, Atherton, Manchester, Greater Manchester M46 0GB2
£165K06/230.24 mi193, Wigan Road, Atherton, Manchester, Greater Manchester M46 0GB2
£142K02/240.24 mi209a, Wigan Road, Atherton, Manchester, Greater Manchester M46 0GB2
£150K01/230.28 mi24, Desmond Street, Atherton, Manchester, Greater Manchester M46 0GH2
£149.9K10/210.29 mi157, Smallbrook Lane, Leigh, Greater Manchester WN7 5PZ2
£123K07/230.29 mi69, Smallbrook Lane, Leigh, Greater Manchester WN7 5PZ2
£238.5K01/240.29 mi9, Chichester Avenue, Atherton, Manchester, Greater Manchester M46 0QF2
£128K08/210.3 mi2, Desmond Street, Atherton, Manchester, Greater Manchester M46 0GH2
£125K04/210.3 mi10, Desmond Street, Atherton, Manchester, Greater Manchester M46 0GH2
£157K01/230.35 mi334, Wigan Road, Atherton, Manchester, Greater Manchester M46 0GD2
£111.5K03/210.35 mi332, Wigan Road, Atherton, Manchester, Greater Manchester M46 0GD2
£155K03/210.45 mi394, Westleigh Lane, Leigh, Greater Manchester WN7 5PU2
£136K06/210.49 mi45, Lovers Lane, Atherton, Manchester, Greater Manchester M46 0PU2
£141K04/210.53 mi32, Gadfield Grove, Atherton, Manchester, Greater Manchester M46 0SJ2
£132K01/210.53 mi54, Gadfield Grove, Atherton, Manchester, Greater Manchester M46 0SJ2
£130K07/230.55 mi7a, Lovers Lane, Atherton, Manchester, Greater Manchester M46 0PG2
£167K07/230.55 mi8, Lovers Lane, Atherton, Manchester, Greater Manchester M46 0PG2
£165K11/210.58 mi220, Westleigh Lane, Leigh, Greater Manchester WN7 5PN2
£105K07/230.59 mi138, Corner Lane, Leigh, Greater Manchester WN7 5PX2
£98K04/210.59 mi126, Corner Lane, Leigh, Greater Manchester WN7 5PX2
£123K08/230.59 mi28, Lilford Street, Atherton, Manchester, Greater Manchester M46 0PF2
£80K11/200.61 mi1, Greenough Street, Atherton, Manchester, Greater Manchester M46 0QP2
£134K08/230.61 mi168, Leigh Road, Atherton, Manchester, Greater Manchester M46 0PJ2
£90K11/200.61 mi6, Abbey Lane, Leigh, Greater Manchester WN7 5NX2
£100K11/230.62 mi11, Worthing Grove, Atherton, Manchester, Greater Manchester M46 0LP2
£135K01/230.63 mi151, Leigh Road, Atherton, Manchester, Greater Manchester M46 0PB2
£69K10/200.63 mi137, Leigh Road, Atherton, Manchester, Greater Manchester M46 0PB2
£130K07/210.63 mi147, Leigh Road, Atherton, Manchester, Greater Manchester M46 0PB2
£125K03/210.63 mi2, The Cloisters, Westhoughton, Bolton, Greater Manchester BL5 2LU2
£90K10/200.64 mi4, Johnson Street, Atherton, Manchester, Greater Manchester M46 0RB2
£121.3K11/230.65 mi112, Leigh Road, Atherton, Manchester, Greater Manchester M46 0PA2
£114K09/210.66 mi10, Bowling Green Row, Atherton, Manchester, Greater Manchester M46 0PR2
£119K11/200.66 mi4, Gilliburns Walk, Westhoughton, Bolton, Greater Manchester BL5 2LX2
£81K03/230.67 mi367, Leigh Road, Atherton, Manchester, Greater Manchester M46 0PW2
£120K08/230.67 mi381, Leigh Road, Atherton, Manchester, Greater Manchester M46 0PW2
£230K11/220.69 mi17, Sovereign Fold Road, Leigh, Greater Manchester WN7 5HX2

Local Rents

42 rents from £540/mo to £1.1K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£95005/240.06 miWigan Road, Atherton, Manchester2
£65012/240.41 mi9, 11 Shalefield Gardens, Manchester, M462
£82502/250.41 mi-2
£82512/240.59 mi-2
£82504/250.59 mi-2
£79511/240.59 miCorner Lane, Leigh, Greater Manchester, WN72
£65005/240.61 miLeigh Road, Atherton, Manchester2
£82505/240.62 mi-2
£89502/250.62 mi-2
£1,00003/240.62 miWorthing Grove, Atherton, Manchester2
£75006/240.65 miJohnson Street, Atherton M46 0RB2
£82512/240.66 miWigan Road, Atherton, M462
£54011/240.74 mi-2
£1,05011/240.77 mi-2
£80011/240.79 mi-2
£85012/240.81 mi-2
£79506/240.82 miWigan Road, Atherton, M462
£90012/240.83 mi-2
£79002/250.83 mi-2
£80006/240.83 miBag Lane, Atherton2
£82512/240.86 miWigan Road, Atherton, M46 0JG2
£75005/240.86 miRailway Street, Atherton, M462
£87504/250.86 mi-2
£75011/240.87 mi-2
£95002/250.87 mi-2
£85002/240.88 mi-2
£65002/250.88 mi-2
£92505/240.88 mi-2
£85003/250.89 mi-2
£80009/240.95 mi-2
£76911/240.96 mi-2
£89511/241.02 mi-2
£80011/241.02 miLeigh Road, Wigan2
£95012/241.04 mi-2
£85004/251.06 mi-2
£79505/241.07 miArgyle Street, Atherton, M462
£72505/241.09 miMayfield Street, Manchester, Greater Manchester, M462
£75005/241.09 miPool House, Mayfield Street, Atherton, Manchester, M462
£79512/241.1 miLeigh Road, Westhoughton2
£82511/241.12 mi-2
£82503/251.14 mi-2
£85004/251.2 mi-2

Local Area Statistics

Population in M46

22,298

Town centre distance

1.04 miles away

Nearest school

0.70 miles away

Nearest train station

1.16 miles away

 

 

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Listed for £110,000

January 25, 2025

Floor Plans

Description

  • VERY POPULAR RESIDENTAIL LOCATION +
  • IN NEED OF FULL RENOVATION +
  • NO CHAIN INVOLVED +
  • CASH ONLY OFFERS +

In further detail the property includes: On the ground floor: Entrance vestibule, lounge, kitchen and lean to. Whilst on the first floor there are two bedrooms and family bathroom/Wc.

The property is pavement fronted with an enclosed area to the rear, the rear also includes open aspect views.

Most day to day requirements can be found close by whilst the more comprehensive needs such
as shopping and recreational facilities can be found just a short distance away in the town centre of Leigh.
Local retail facilities include The Loom Retail Park and Parsonage Retail Park. Leisure attractions include: Pennington Country Park, Leigh Sports Village and Leigh Leopards Rugby Ground, Leigh Rugby Union, whilst larger sporting attractions include Haydock Park Racecourse, Manchester United and Liverpool Football Clubs, plus many more. Leigh is convenient for both Liverpool, Manchester and Salford Quays, with many attractions including the new Liverpool One shopping experience and Manchester boasts some of the Country's finest restaurants, shopping and leisure facilities and on its outskirts lies the Trafford Centre and Media City.

DIRECTIONS: Sat Nav Ref: M46 0QA.

In further accommodation comprises:-

GROUND FLOOR:

ENTRANCE VESTIBULE

LOUNGE 12'6 (max) x 14'2 (max)

KITCHEN 8'6 (max) x 14'6 (max)

LEAN TO 9'2 (max) x 8'3 (max)

FIRST FLOOR:

LANDING

BEDROOM 11'9 (max) x 14'6 (max)

BEDROOM 8'8 (max) x 7'3 (max)

BATHROOM Shower cubicle. Vanity wash hand basin. Low level WC.

OUTSIDE:

The property is pavement fronted with an enclosed courtyard style area to the rear. The property benefits open aspect views to the rear.

TENURE Leasehold.

PRICE £110,000.

VIEWING By appointment with the agents as overleaf.

COUNCIL TAX BAND A

PLEASE NOTE No tests have been made of mains services, heating systems or associated appliances and neither has confirmation been obtained from the statutory bodies of the presence of these services. We cannot therefore confirm that they are in working order and any prospective purchaser is advised to obtain verification from their solicitor or surveyor.

IF YOU ARE THINKING OF SELLING YOUR PRESENT HOME COOKE & COMPANY WILL BE PLEASED TO PROVIDE A FREE VALUATION WITHOUT OBLIGATION. PLEASE CONTACT SIMON COOKE OR ZOE O'MARA ON .

Agent Details

Cooke & Company, Leigh

01942 925627

Next Steps?

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

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