5 Bed Semi-Detached House, Refurb/BRRR, Manchester, M16 8QP, £550,000

Kingsbrook Road, Manchester, Greater Manchester, M16 8QP - 3 views - 2 months ago

Refurb/BRRR

~178 m²

+4 photos

ValuationUndervalued

Sold Prices	£251K - £932K
Sold Prices/m²	£1.2K/m² - £6.3K/m²

Square Metres	~178.28 m²
Price/m²	£3.1K/m²
Value Estimate	£568,661£568,661

End Value (After Refurb)	£578,961£578,961
Uplift in Value	+-11%+-11%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£137,500£137,500
Stamp Duty & Legal Fees	£40,700£40,700
Refurb Costs	£75,585£75,585
Bridging Loan Interest	£14,438£14,438
Total Cash In	£269,972£269,972

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£578,961£578,961
Mortgage (After Refinance)	£434,221£434,221
Mortgage LTV	75%75%
Cash Released	£21,721£21,721
Cash Left In	£248,252£248,252
Equity	£144,740£144,740
Rent Range	£1,250 - £3,000£1,250 - £3,000
Rent Estimate	£1,796
Running Costs/mo	£2,188£2,188
Cashflow/mo	£-392£-392
Cashflow/yr	£-4,709£-4,709
Gross Yield	4%4%

Local Sold Prices

44 sold prices from £251K to £932K, average is £588.8K. £1.2K/m² to £6.3K/m², average is £3.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£705K	02/24	0.02 mi	22, Athol Road, Manchester, Greater Manchester M16 8QN	£4,247	166	5	Terraced House
£475K	02/21	0.02 mi	48, Athol Road, Manchester, Greater Manchester M16 8QN	£2,950	161	5	Terraced House
£450K	10/22	0.04 mi	32, Athol Road, Manchester, Greater Manchester M16 8QN	-	-	5	Terraced House
£555K	09/23	0.09 mi	8, Holwood Drive, Manchester, Greater Manchester M16 8WS	-	-	5	Detached House
£620K	01/22	0.1 mi	2, Holwood Drive, Manchester, Greater Manchester M16 8WS	£5,124	121	5	Detached House
£350K	11/20	0.24 mi	51, Alexandra Road South, Manchester, Greater Manchester M16 8GH	£1,211	289	5	Semi-Detached House
£525K	01/24	0.42 mi	56, Manley Road, Manchester, Greater Manchester M16 8HP	£2,720	193	5	Semi-Detached House
£587.5K	01/21	0.43 mi	3, White Moss Avenue, Manchester, Greater Manchester M21 0XU	£3,604	163	5	Semi-Detached House
£500K	03/21	0.53 mi	34, Grosvenor Road, Manchester, Greater Manchester M16 8JP	£3,333	150	5	Semi-Detached House
£485K	06/21	0.55 mi	255, Kings Road, Chorlton Cum Hardy, Manchester, Greater Manchester M21 0XG	£3,170	153	5	Semi-Detached House
£316K	10/21	0.57 mi	8, Russell Avenue, Manchester, Greater Manchester M16 8JQ	-	-	5	Terraced House
£251K	08/23	0.59 mi	101, Manley Road, Manchester, Greater Manchester M16 8WE	-	-	5	Semi-Detached House
£468K	12/22	0.64 mi	13, Birchington Road, Manchester, Greater Manchester M14 6BY	-	-	5	Semi-Detached House
£590K	11/20	0.65 mi	65, St Werburghs Road, Manchester, Greater Manchester M21 0UN	£5,364	110	5	Semi-Detached House
£640K	01/21	0.66 mi	53, St Werburghs Road, Manchester, Greater Manchester M21 0UN	£4,476	143	5	Semi-Detached House
£520K	01/23	0.68 mi	90, St Werburghs Road, Manchester, Greater Manchester M21 0UL	£2,781	187	5	Semi-Detached House
£440K	02/21	0.7 mi	162, Manley Road, Manchester, Greater Manchester M16 8NE	£4,731	93	5	Semi-Detached House
£740K	11/20	0.71 mi	1, Chandos Road South, Manchester, Greater Manchester M21 0TH	£3,190	232	5	Semi-Detached House
£932K	10/23	0.71 mi	13, Chandos Road South, Manchester, Greater Manchester M21 0TH	-	-	5	Semi-Detached House
£900K	11/21	0.73 mi	8, Chandos Road, Manchester, Greater Manchester M21 0ST	-	-	5	Semi-Detached House
£915K	12/22	0.77 mi	14, Ellesmere Road, Manchester, Greater Manchester M21 0SR	-	-	5	Semi-Detached House
£705K	12/21	0.77 mi	16, Ellesmere Road, Manchester, Greater Manchester M21 0SR	-	-	5	Semi-Detached House
£580K	02/21	0.79 mi	104, College Road, Manchester, Greater Manchester M16 8BN	-	-	5	Detached House
£475K	04/21	0.8 mi	109, Dudley Road, Manchester, Greater Manchester M16 8BW	-	-	5	Semi-Detached House
£420K	01/23	0.84 mi	46, Whitebrook Road, Manchester, Greater Manchester M14 6EF	£3,040	138	5	Detached House
£405K	05/23	0.84 mi	43, New Barns Avenue, Manchester, Greater Manchester M21 7DB	£2,852	142	5	Semi-Detached House
£510K	03/23	0.87 mi	52, Cavendish Road, Manchester, Greater Manchester M20 1QE	£3,290	155	5	Terraced House
£735K	11/23	0.87 mi	44, Clearwater Drive, Manchester, Greater Manchester M20 2ED	£3,561	206	5	Semi-Detached House
£610K	01/21	0.87 mi	28, Clearwater Drive, Manchester, Greater Manchester M20 2ED	£3,547	172	5	Semi-Detached House
£380K	11/20	0.88 mi	78, Yarburgh Street, Manchester, Greater Manchester M16 7EH	£2,452	155	5	Semi-Detached House
£680K	09/21	0.89 mi	2, Malvern Grove, Manchester, Greater Manchester M20 1HT	-	-	5	Detached House
£747.1K	02/21	0.89 mi	37, Green Walk, Manchester, Greater Manchester M16 9RE	£4,484	167	5	Semi-Detached House
£755K	09/21	0.9 mi	8, Chatfield Road, Manchester, Greater Manchester M21 8UR	-	-	5	Semi-Detached House
£705K	03/21	0.92 mi	14, Green Walk, Manchester, Greater Manchester M16 9RF	-	-	5	Semi-Detached House
£330K	06/21	0.93 mi	91, Rippingham Road, Manchester, Greater Manchester M20 3FT	£2,946	112	5	Terraced House
£330K	06/21	0.93 mi	91, Rippingham Road, Manchester, Greater Manchester M20 3FT	£2,946	112	5	Terraced House
£570K	08/23	0.94 mi	231, Manley Road, Manchester, Greater Manchester M21 0RB	£3,257	175	5	Semi-Detached House
£852K	12/20	0.94 mi	27, Zetland Road, Manchester, Greater Manchester M21 8TJ	£4,484	190	5	Semi-Detached House
£777K	01/23	0.98 mi	6, Chestnut Avenue, Manchester, Greater Manchester M21 8BE	-	-	5	Semi-Detached House
£625K	10/23	0.98 mi	10, Oak Avenue, Manchester, Greater Manchester M21 8BB	-	-	5	Semi-Detached House
£675K	11/23	0.99 mi	53, Everett Road, Manchester, Greater Manchester M20 3EA	£3,426	197	5	Semi-Detached House
£617.5K	04/24	0.99 mi	11, Wood Road, Manchester, Greater Manchester M16 9RB	£3,057	202	5	Semi-Detached House
£797K	03/23	0.99 mi	155, College Road, Manchester, Greater Manchester M16 0AA	£6,276	127	5	Semi-Detached House
£775K	10/22	1 mi	5, Wood Road, Manchester, Greater Manchester M16 9RB	-	-	5	Semi-Detached House

Local Rents

31 rents from £1.3K/mo to £3K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,800	05/24	0.07 mi	Kingsbrook Road, Whalley Range	3	Semi-Detached House
£1,700	05/24	0.14 mi	Mauldeth Road West, Manchester, M21	3	Detached House
£1,300	05/24	0.15 mi	Caistor Close, Manchester, Greater Manchester, M16	3	Flat
£1,850	12/24	0.19 mi	-	3	Detached House
£1,550	05/24	0.28 mi	Hartley Hall Gardens, Whalley Range	3	House
£2,500	05/24	0.28 mi	Withington Road, Manchester, M21	4	Detached House
£1,695	05/24	0.33 mi	Brantingham Road, Whalley Range	3	Flat
£2,750	05/24	0.35 mi	Lawn Drive, Manchester, M16	4	Semi-Detached House
£2,650	12/24	0.35 mi	-	4	Semi-Detached House
£1,400	05/24	0.37 mi	Brantingham Road, Whalley Range	3	Flat
£1,906	06/24	0.37 mi	Thelwall Avenue, Fallowfield	4	House
£1,450	05/24	0.42 mi	Manley Road, Whalley Range Manchester, M16	3	House
£1,300	05/24	0.43 mi	Oakham Avenue, Manchester, M20 1LR	3	Detached House
£2,200	05/24	0.43 mi	Alexandra Road South, Manchester	6	Semi-Detached House
£1,500	02/24	0.44 mi	-	4	Detached House
£1,295	05/24	0.45 mi	Princess Road, Withington	3	Detached House
£2,000	02/24	0.48 mi	-	4	Semi-Detached House
£1,700	05/24	0.49 mi	Abbeystead Avenue, Chorlton	3	Flat
£1,700	03/25	0.5 mi	-	3	Semi-Detached House
£2,150	12/24	0.5 mi	-	4	Semi-Detached House
£1,250	12/24	0.53 mi	-	3	Terraced House
£2,100	03/25	0.53 mi	-	3	Semi-Detached House
£3,000	03/24	0.53 mi	Grosvenor Road, Whalley Range, Manchester, M16	6	Semi-Detached House
£1,700	05/24	0.55 mi	White Moss Avenue, Chorlton	3	Semi-Detached House
£1,295	05/24	0.57 mi	Chatburn Road, Manchester	3	Semi-Detached House
£1,600	06/24	0.57 mi	Brantingham Road, Chorlton, Greater Manchester, M21	3	Semi-Detached House
£2,000	03/25	0.59 mi	-	4	Semi-Detached House
£2,000	04/25	0.59 mi	-	4	Semi-Detached House
£1,800	01/25	0.59 mi	-	3	Terraced House
£1,250	06/24	0.59 mi	Dovedale Avenue, Withington, Manchester, M20	3	Semi-Detached House
£1,600	05/24	0.6 mi	Regan Avenue, Manchester, Greater Manchester, M21	3	Terraced House

Local Area Statistics

Population in M16	35,55935,559
Population in Manchester	920,095920,095
Town centre distance	0.94 miles away0.94 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.63 miles away0.63 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+36%+36%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+80%+80%

Property History

Price changed to £550,000

February 28, 2025

Listed for £650,000

February 4, 2025

Description

PRIME LOCATION +
INVESTMENT OPPORTUNITY +
EXCELLENT TRANSPORT LINKS +
5 BEDROOMS +
PARKING +

This property presents a fantastic investment opportunity, offering plenty of potential for development. While it requires renovation work, it has the scope to be transformed into a valuable asset. Subject to the necessary planning approvals, there is the possibility of converting it into four separate flats, maximizing its potential and return on investment. Ideal for investors looking for a project with significant upside.

* Investment Opportunity - Ideal for investors looking for a renovation project.
* Scope for Development - Potential to enhance and add value.
* Requires Renovation - In need of refurbishment to reach its full potential.
* Possible Conversion - Subject to planning, the property could be converted into four flats.
* High Potential Returns - Great opportunity to maximize investment value.