3 Bed Semi-Detached House, Refurb/BRRR, Manchester, M19 1EJ, £280,000

57 Kenwood Avenue, Burnage, Manchester, M19 1EJ - 4 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+8 photos

ValuationFair Value

Sold Prices£180K - £352K
Sold Prices/m²£2K/m² - £4.8K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£280,057

 

 

End Value (After Refurb)

£271,739

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,100

Refurb Costs

£39,200

Bridging Loan Interest

£7,350

Total Cash In

£129,400

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£271,739

Mortgage (After Refinance)

£203,805

Mortgage LTV

75%

Cash Left In

£129,400

Equity

£67,935

Rent Range

£130 - £1,885

Rent Estimate

£1,450

Running Costs/mo

£1,159

Cashflow/mo

£291

Cashflow/yr

£3,490

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £180K to £352K, average is £264K. £2K/m² to £4.8K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£305K04/230.07 mi257, Mauldeth Road, Manchester, Greater Manchester M19 1AB3
£268K06/210.07 mi253, Mauldeth Road, Manchester, Greater Manchester M19 1AB3
£305K01/210.08 mi15, Hyde Fold Close, Manchester, Greater Manchester M19 1EB3
£240K12/200.09 mi41, Brookthorpe Avenue, Manchester, Greater Manchester M19 1AD3
£335K12/230.09 mi4, Hembury Avenue, Manchester, Greater Manchester M19 1FH3
£290K11/200.12 mi257, Burnage Lane, Manchester, Greater Manchester M19 1FN3
£350K11/220.12 mi33, Broadhill Road, Manchester, Greater Manchester M19 1AQ3
£290K06/210.12 mi19, Broadhill Road, Manchester, Greater Manchester M19 1AQ3
£238.5K03/210.13 mi99, Burnside Drive, Manchester, Greater Manchester M19 2NA3
£351.3K05/210.13 mi175, Burnage Lane, Manchester, Greater Manchester M19 1FE3
£265K12/210.15 mi20, Avon Road, Manchester, Greater Manchester M19 1FW3
£265K12/230.17 mi20, Shawlea Avenue, Manchester, Greater Manchester M19 1BY3
£265K04/210.19 mi20, Astor Road, Manchester, Greater Manchester M19 2LX3
£227K03/240.19 mi46, Broadlea Road, Manchester, Greater Manchester M19 1BZ3
£215K05/210.2 mi18, Ferndale Gardens, Manchester, Greater Manchester M19 1AW3
£235K05/210.2 mi33, Ferndale Gardens, Manchester, Greater Manchester M19 1AW3
£180K02/210.2 mi275, Kingsway, Manchester, Greater Manchester M19 1AN3
£250K08/230.21 mi24, Western Circle, Manchester, Greater Manchester M19 1HH3
£240K01/210.21 mi12, Western Circle, Manchester, Greater Manchester M19 1HH3
£265K05/230.21 mi16, Western Circle, Manchester, Greater Manchester M19 1HH3
£270K10/230.21 mi28, Arbor Drive, Manchester, Greater Manchester M19 1FX3
£230K10/230.23 mi9, Moorton Park, Manchester, Greater Manchester M19 2NH3
£275K04/230.23 mi41b, Arbor Avenue, Manchester, Greater Manchester M19 1EY3
£230K09/210.24 mi38, Avon Road, Manchester, Greater Manchester M19 1HA3
£205K10/210.24 mi33, Avon Road, Manchester, Greater Manchester M19 1HW3
£265K03/210.25 mi16, Whitethorn Avenue, Burnage, Manchester, Greater Manchester M19 1EU3
£265K03/210.25 mi16, Whitethorn Avenue, Burnage, Manchester, Greater Manchester M19 1EU3
£345K08/230.25 mi9, Grangethorpe Drive, Manchester, Greater Manchester M19 2LR3
£287K03/210.25 mi7, Grangethorpe Drive, Manchester, Greater Manchester M19 2LR3
£325K08/220.26 mi15, Oakleigh Avenue, Manchester, Greater Manchester M19 2WP3
£289K01/230.26 mi18, Western Circle, Manchester, Greater Manchester M19 1HH3
£205.5K06/230.26 mi31, Moorton Avenue, Manchester, Greater Manchester M19 2NQ3
£220K04/210.27 mi365, Burnage Lane, Manchester, Greater Manchester M19 1DG3
£325K06/210.27 mi14, Grangethorpe Drive, Manchester, Greater Manchester M19 2LG3
£234K11/210.28 mi78, Broadlea Road, Manchester, Greater Manchester M19 1BG3
£325K08/230.28 mi54, Broadlea Road, Manchester, Greater Manchester M19 1BG3
£240K04/210.28 mi64, Arbor Avenue, Manchester, Greater Manchester M19 1EZ3
£220K06/210.28 mi2, Winslow Place, Manchester, Greater Manchester M19 1HD3
£250K08/230.28 mi15, Ashburn Avenue, Manchester, Greater Manchester M19 1DQ3
£263K10/200.28 mi9, Ashburn Avenue, Manchester, Greater Manchester M19 1DQ3
£255K03/230.28 mi18, Ashburn Avenue, Manchester, Greater Manchester M19 1DQ3
£199K10/200.29 mi1, Hatfield Avenue, Manchester, Greater Manchester M19 1LX3
£241K08/230.29 mi150, Errwood Road, Manchester, Greater Manchester M19 1HT3
£325K03/240.29 mi36, Shawbrook Road, Manchester, Greater Manchester M19 1DN3
£280K01/210.29 mi24, Shawbrook Road, Manchester, Greater Manchester M19 1DN3
£352K01/240.29 mi9, Connaught Avenue, Burnage, Manchester, Greater Manchester M19 2NW3
£235K06/230.29 mi14, Rosevale Avenue, Manchester, Greater Manchester M19 1BR3
£218.5K11/210.3 mi30, Northbank Gardens, Manchester, Greater Manchester M19 1BE3
£211K04/210.3 mi60, Northbank Gardens, Manchester, Greater Manchester M19 1BE3
£223K04/210.3 mi20, Northbank Gardens, Manchester, Greater Manchester M19 1BE3

Local Rents

51 rents from £130/mo to £1.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,50005/240.26 miMoorton Avenue, Burnage3
£1,45006/240.27 miGrangethorpe Drive, Manchester, M19 2LG3
£1,30002/240.28 mi-3
£1,45004/250.29 mi-3
£1,30003/250.29 mi-3
£1,55004/250.3 mi-3
£1,45005/240.33 miBriarfield Road, Manchester3
£1,35005/240.33 miRoseleigh Avenue3
£1,60005/240.34 miAlexandra Drive, Burnage, Manchester3
£1,25012/240.34 mi-3
£1,72512/240.37 mi-3
£1,72512/240.37 mi-3
£1,85004/250.37 mi-3
£1,79405/240.37 miSt Georges Road, Fallowfield, M143
£1,50005/240.39 miSt. Georges Road, Manchester, M143
£1,50006/240.39 miSt. Georges Road, Manchester, M143
£1,50006/240.39 miSt. Georges Road, Manchester, M143
£1,50012/240.39 mi-3
£1,50012/240.39 mi-3
£1,40005/240.39 miBurnage Hall Road, Burnage, M193
£1,20005/240.4 miBeverly Road, Manchester, Greater Manchester, M143
£1,45005/240.42 miBurnage Lane, Manchester3
£1,60002/250.42 mi-3
£1,52504/250.42 mi-3
£1,30012/240.42 mi-3
£1,30012/240.42 mi-3
£13005/240.44 miGreen Street, Manchester, 3
£1,49505/240.45 miEdgeworth Drive, Fallowfield, M14 6RU3
£1,70005/240.46 miMauldeth Road, Withington, M14 6SQ3
£1,75012/240.46 mi-3
£1,20005/240.47 miBeverly Road, Manchester, Greater Manchester, M143
£1,88505/240.48 miKingswood Road, M14 7PU3
£1,88505/240.48 miKingswood Road, M14 7PU3
£1,30005/240.48 miKingswood Road, Manchester, M14 6SB3
£1,79405/240.49 miHolcombe Road, Fallowfield, Manchester, M143
£1,79405/240.49 miHolcombe Road, Fallowfield, Manchester, M143
£1,65005/240.5 miCarrgreen Close, Manchester, M193
£1,19503/240.51 miPensarn Avenue, M143
£1,20005/240.52 miHaldon Road, Withington, M203
£1,29505/240.53 miHaslemere Road, Manchester, M20 4RD3
£1,49504/250.53 mi-3
£1,17005/240.53 miSherlock Street, Fallowfield, M143
£1,40005/240.54 miKingswood Road, Fallowfield3
£1,59506/240.55 miSt Chad's Road, Withington3
£1,50012/240.55 mi-3
£54205/240.56 miExbury Street, Manchester, 3
£54205/240.56 miExbury Street, Manchester , 3
£56305/240.56 miExbury Street, Manchester , 3
£56305/240.56 miExbury Street, Manchester, 3
£60705/240.56 miExbury Street, Manchester, 3
£1,24505/240.58 miLindleywood Road, Manchester, Greater Manchester, M143

Local Area Statistics

Population in M19

34,838

Population in Manchester

920,095

Town centre distance

2.52 miles away

Nearest school

0.20 miles away

Nearest train station

0.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £280,000

January 31, 2025

Floor Plans

Description

  • Amazing Potential +
  • Three Bedrooms +
  • Two Reception Rooms +
  • Extremely Large Garden +
  • Highly Sought After Location +
  • Chain Free & Freehold +
  • Viewing Advised +

Opportunity to renovate this 3-bed semi-detached house with a very large garden. Freehold and chain free, offering a blank canvas for your dream home. Conveniently located near amenities and transport links. Off-street parking available. Ideal for families or professionals seeking a project. Arrange a viewing today.

Situated in a sought-after neighbourhood, this semi-detached house, boasting 3 bedrooms and 2 reception rooms, is ideal for a growing family or professionals seeking ample space.

While the property requires modernisation, it offers tremendous potential to create a stunning home.

The very large garden provides a fantastic outdoor space for relaxation and entertainment. Additionally, being offered as freehold and chain free, this property presents a rare opportunity for buyers looking to make their mark on a home.

With off-street parking and a total of 849 sq ft, this property combines traditional charm with the potential for modern comforts. Conveniently located with easy access to local amenities, schools, and transport links, this property is a great investment for those looking to create their dream home in a desirable area.

Don't miss out on this opportunity to transform this property into your ideal living space.

Agent Details

Peter Anthony, Manchester

0161 524 5916

Next Steps?

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