3 Bed Terraced House, Planning Permission, Manchester, M40 7LY, £275,000

Stanbury Walk, Miles Platting, Manchester, Greater Manchester, M40 7LY - 1 views - 2 months ago

Sold STC
Planning
ROI: 4%
~93 m²
+14 photos

ValuationFair Value

Sold Prices£90K - £490K
Sold Prices/m²£999/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£274,463

 

 

End Value (After Refurb)

£284,167

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£39,324

Bridging Loan Interest

£7,219

Total Cash In

£127,743

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£284,167

Mortgage (After Refinance)

£213,125

Mortgage LTV

75%

Cash Released

£6,875

Cash Left In

£120,868

Equity

£71,042

Rent Range

£1,050 - £3,195

Rent Estimate

£1,687

Running Costs/mo

£1,245

Cashflow/mo

£442

Cashflow/yr

£5,299

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £90K to £490K, average is £225.5K. £999/m² to £4.3K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£90K06/210.01 mi1, Stanbury Walk, Manchester, Greater Manchester M40 7LY3
£226K08/230.12 mi26, Nuneaton Drive, Manchester, Greater Manchester M40 7WH3
£220K12/200.22 mi169, Varley Street, Manchester, Greater Manchester M40 7EJ3
£168K05/210.22 mi32, Bollington Road, Manchester, Greater Manchester M40 7HE3
£90K12/200.22 mi4, Bednal Avenue, Manchester, Greater Manchester M40 8DW3
£242K06/210.23 mi137, Ridgway Street, Manchester, Greater Manchester M40 7DS3
£240K10/230.23 mi29, Droitwich Road, Manchester, Greater Manchester M40 8ED3
£270K03/230.24 mi25, Bollington Road, Manchester, Greater Manchester M40 7DX3
£225K08/210.3 mi59, Ridgway Street, Manchester, Greater Manchester M40 7FY3
£230K08/210.31 mi130, Butler Street, Manchester, Greater Manchester M4 7JJ3
£195K02/210.32 mi39, Bradford Road, Manchester, Greater Manchester M40 7EY3
£220K12/220.32 mi4, Kirkhaven Square, Manchester, Greater Manchester M40 8DA3
£185K09/210.35 mi116, Sandal Street, Manchester, Greater Manchester M40 7EF3
£270K11/220.37 mi2, Energy Street, Manchester, Greater Manchester M40 7ZQ3
£340K11/220.4 mi17, Kingham Drive, Manchester, Greater Manchester M4 7JT3
£236.5K10/210.41 mi36, Chippenham Road, Manchester, Greater Manchester M4 7JR3
£236.5K10/210.41 mi36, Chippenham Road, Manchester, Greater Manchester M4 7JR3
£297K09/220.45 mi10, Woodward Street, Manchester, Greater Manchester M4 7JS3
£315K07/230.48 mi5, Saltford Avenue, Manchester, Greater Manchester M4 6EL3
£270K12/210.5 mi112, Old Mill Street, Manchester, Greater Manchester M4 6EE3
£242K03/210.52 mi13, Weybridge Road, Manchester, Greater Manchester M4 6FD3
£300K02/240.52 mi102, Old Mill Street, Manchester, Greater Manchester M4 6EE3
£297.5K05/230.52 mi120, Old Mill Street, Manchester, Greater Manchester M4 6EE3
£170K05/210.54 mi6, Badby Close, Manchester, Greater Manchester M4 7EY3
£223K02/230.59 mi7, Maidford Close, Manchester, Greater Manchester M4 7EG3
£220K12/200.6 mi9, Gurney Street, Manchester, Greater Manchester M4 7DZ3
£265K03/230.63 mi16, Blisworth Close, Manchester, Greater Manchester M4 7DT3
£235K12/200.65 mi19, Pattishall Close, Manchester, Greater Manchester M4 7DU3
£281K09/230.65 mi19, Pattishall Close, Manchester, Greater Manchester M4 7DU3
£134.8K12/200.68 mi2, Blakemore Walk, Manchester, Greater Manchester M12 6PH3
£490K09/220.69 mi12, Spindle Mews, Manchester, Greater Manchester M4 6DB3
£192K02/230.74 mi31, Keyhaven Walk, Manchester, Greater Manchester M40 7TF3
£200K02/230.78 mi28, Signal Drive, Manchester, Greater Manchester M40 8NU3
£132K09/210.78 mi14, Partington Street, Manchester, Greater Manchester M40 2AQ3
£170K11/220.79 mi55, Signal Drive, Manchester, Greater Manchester M40 8NN3
£180K03/210.81 mi116, Norfolk Crescent, Failsworth, Manchester, Greater Manchester M35 0NS3
£120K05/210.81 mi12, Tadcaster Drive, Manchester, Greater Manchester M40 8BG3
£120K01/230.82 mi10, Tadcaster Drive, Manchester, Greater Manchester M40 8BG3
£160K10/210.82 mi27, Silchester Drive, Manchester, Greater Manchester M40 8NT3
£100K10/210.82 mi7, Silchester Drive, Manchester, Greater Manchester M40 8NT3
£180K04/210.86 mi33, Stuart Street, Manchester, Greater Manchester M11 4DU3
£175K10/200.87 mi14, Alderman Square, Manchester, Greater Manchester M12 6WL3
£226K10/230.87 mi17, Rimmer Close, Manchester, Greater Manchester M11 3AD3
£275K04/220.88 mi23, Silver Jubilee Walk, Manchester, Greater Manchester M4 1LD3
£276.5K02/230.89 mi6, Athletes Way, Manchester, Greater Manchester M11 3NE3
£405K06/230.9 mi15, Thomas Telford Basin, Manchester, Greater Manchester M1 2NH3
£145K03/210.91 mi16, Park View, Manchester, Greater Manchester M9 5EJ3
£235K05/240.92 mi6, Markham Close, Manchester, Greater Manchester M12 6WR3
£225K06/210.94 mi41, Commonwealth Avenue, Manchester, Greater Manchester M11 3NN3
£238K06/210.94 mi10, Holly Street, Manchester, Greater Manchester M11 3BN3

Local Rents

52 rents from £1.1K/mo to £3.2K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,50007/240.05 miLower Vickers Street, Manchester, Greater Manchester, M40 7LL3
£1,70008/240.1 miVictoria Mill, Manchester3
£1,70008/240.1 miVictoria Mill, Manchester3
£3,19506/240.11 mi-3
£3,19501/250.11 mi-3
£3,19503/250.11 mi-3
£1,80005/240.14 miKingsheath Street, Manchester3
£1,50007/240.14 miWinstanley Road, Manchester, M403
£1,60002/250.14 mi-3
£1,50005/240.14 miHolland Street, Platting Village 3
£1,40005/240.15 miVarley Street, Miles Platting, Manchester, M403
£1,55007/240.16 miJohn Hogan V C Road, Manchester, Greater Manchester, M403
£1,55007/240.16 miJohn Hogan V C Road, Manchester, Greater Manchester, M403
£1,45005/240.21 miWardle Street, Manchester, Greater Manchester, M403
£1,60009/240.22 mi-3
£1,50010/240.22 mi-3
£1,20008/240.25 mi-3
£1,20008/240.25 mi-3
£1,20008/240.25 miRidgway Street, Manchester, M403
£1,05002/240.25 mi-3
£1,60002/240.25 mi-3
£1,60007/240.25 miSandal Street, Manchester3
£1,60002/240.27 mi-3
£1,60008/240.27 mi-3
£1,60007/240.27 miSandal Street, Manchester, M403
£1,50002/250.27 mi-3
£1,50003/250.27 mi-3
£1,90006/240.28 mi-3
£1,50007/240.29 mi-3
£1,50006/240.29 miSandal Street, Manchester, M403
£1,65005/240.29 miOldham Road, Manchester, Greater Manchester, M403
£1,73005/240.29 miOldham Road, Manchester, Greater Manchester, M403
£1,50005/240.3 miBradford Road, Manchester, M403
£1,50005/240.3 miBradford Road, Manchester, Greater Manchester, M403
£1,80006/240.3 miKeele Walk, Manchester, M403
£1,80008/240.3 mi-3
£1,70002/250.3 mi-3
£1,85005/240.36 mi-3
£1,65005/240.38 miDanesdale Drive, Manchester, Greater Manchester, M43
£1,30006/240.39 mi-3
£1,30005/240.39 miPenzance Street, Manchester, M403
£1,30005/240.47 miTidworth Avenue, Manchester, M43
£1,90005/240.48 mihoUSe, New Islington, Manchester3
£1,59505/240.49 miOld Mill Street, Manchester3
£1,59505/240.52 miWeybridge Road :: New Islington3
£1,55005/240.52 miWeybridge Road :: New Islington3
£1,80005/240.53 miThe Plaza, 1 Advent Way, Ancoats, Manchester, M43
£1,65005/240.53 miRoper Court, 109 George Leigh Street, Manchester, Greater Manchester, M43
£2,55001/230.55 mi2 Keepers Quay, Manchester, M4 6JN3
£2,45006/240.55 mi2 Keepers Quay, Manchester, M4 6JN3
£1,80005/240.55 mi7 Munday Street, Manchester, M43
£2,30012/240.56 mi-3

Local Area Statistics

Population in M40

40,888

Population in Manchester

920,095

Town centre distance

2.80 miles away

Nearest school

0.30 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Seller's market

Capital growth (5yrs)

+73%

Property History

Listed for £275,000

January 28, 2025

Floor Plans

Description

  • NO CHAIN +
  • THREE BEDROOMS +
  • PLANNING PERMISSON GRANTED +
  • LARGE CORNER PLOT +
  • OFF-STREET PARKING +
  • LESS THAN A MILE TO MANCHESTER CITY CENTRE +
  • FREEHOLD +
  • COUNCIL TAX: A | EPC: TBC +

NO CHAIN - Situated on a large corner plot and with planning permission granted for an extension, this three bedroom semi-detached property is primed for development. EPC: TBC

Presented to the market with no onward chain, this three bedroom semi-detached property is situated on a larger than average corner plot.

With planning permission granted for an extension to the rear and side, the property is primed for expansion.

In its current state, the property opens into a welcoming hallway with the kitchen located on the right. The large living room is to the rear with a large window into the rear garden. There is also a utility room to the rear and handy under stairs storage accessible from the living room.

Upstairs, there are three well proportioned bedrooms and the modern family bathroom, fitted with a bath and waterfall shower fitted.

The large garden is too the side and rear, with gated off street parking at the bottom of the garden.

Perfectly situated less than a mile from the vibrance and convenience of the Manchester city centre where you will find a true abundance of work and leisure opportunities, more locally the property benefits from being within easy reach of Ancoats main square which itself is home to a number of popular entertainment venues, bars, cafes etc. An ever developing and in-demand location, the property enjoy the benefits of both residential and city living.

Agent Details

Ryder & Dutton, Chadderton

0161 524 3010

Next Steps?

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