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3 Bed Semi-Detached House, Refurb/BRRR, Manchester, M35 9FA, £259,950

27 Stansfield Road, Failsworth, Manchester, M35 9PT - 2 views - a month ago

Refurb/BRRR
ROI: 3%
~93 m²
+12 photos

ValuationOvervalued

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Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£64,988

Stamp Duty & Legal Fees

£9,496

Refurb Costs

£39,324

Bridging Loan Interest

£6,824

Total Cash In

£122,381

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£231,000

Mortgage (After Refinance)

£173,250

Mortgage LTV

75%

Cash Left In

£122,381

Equity

£57,750

Rent Range

£995 - £2,000

Rent Estimate

£1,280

Running Costs/mo

£998

Cashflow/mo

£282

Cashflow/yr

£3,386

ROI

3%

Gross Yield

6%

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Local Rents

39 rents from £995/mo to £2K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,40008/240.05 miClifton Street, Failsworth, Manchester, Greater Manchester, M353
£1,20001/250.13 mi-3
£1,15008/240.18 miMinor Street, Failsworth, Manchester, M35 9EL3
£1,25003/250.21 mi-3
£1,05006/240.22 mi-3
£1,09511/240.22 mi-3
£1,20002/250.23 mi-3
£1,29503/250.26 mi-3
£1,20008/240.27 mi-3
£1,20008/240.27 miAshton Road East, Manchester, M353
£1,80007/240.34 miTatchbury Road, Failsworth, Manchester3
£1,80007/240.34 miTatchbury Road, Failsworth, Manchester3
£99508/240.35 miPole Lane, Failsworth, Manchester3
£1,10005/240.36 miGlenmore Drive, Failsworth3
£1,50005/240.37 miPole Lane, Failsworth3
£1,70006/240.37 mi-3
£1,00006/240.37 mi-3
£1,10008/240.44 miAshton Road East, Failsworth, Manchester3
£1,40006/240.45 mi-3
£1,27505/240.46 miByron Terrace, Partington Street, Failsworth3
£1,00007/240.49 miNorthfield Road, New Moston, Manchester3
£1,25007/240.5 miHaddon Avenue, Manchester3
£1,25011/240.52 mi-3
£1,75003/250.54 mi-3
£1,40005/240.54 miPaulden Drive, Manchester, M353
£1,40005/240.54 miPaulden Drive, Many, M353
£1,40006/240.54 mi-3
£1,40002/250.54 mi-3
£1,30002/250.54 mi-3
£1,30002/250.54 mi-3
£1,05012/240.55 mi-3
£1,40005/240.55 miChauncy Road, Manchester3
£2,00007/240.58 mi-3
£1,00005/240.58 miMoston Lane East, New Moston, Manchester3
£1,19502/250.58 mi-3
£1,25006/240.58 mi-3
£1,45008/240.58 mi-3
£1,30009/240.59 mi-3
£1,10008/240.61 miChauncy Road, Manchester, Greater Manchester, M403

Links

Local Area Statistics

Population in M35

20,671

Population in Manchester

920,095

Town centre distance

5.86 miles away

Nearest school

0.10 miles away

Nearest train station

0.45 miles away

 

 

Rental growth (12m)

+90%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £259,950

February 6, 2025

Description

  • Chain Free +
  • Popular & Convenient Location +
  • Deceptively Spacious +
  • Largely Extended To Ground Floor Rear +
  • Large Rear Garden +
  • Lots Of Potential +
  • Needs Some Modernisation +
  • Realistically Priced +
  • Ideal For FTBS, Family Or Investor +

CHAIN FREELARGELY EXTENDED TO REARLARGE REAR GARDENPOPULAR & CONVENIENT LOCATIONIDEAL FOR FAMILYREALISTICALLY PRICED We offer for sale this spacious and largely extended 3 bedroom semi detached property, situated in a popular & convenient location, ideal for the first time buyer, family or investor. The property is uPVC double glazed & combi gas centrally heated and briefly comprises: Spacious entrance hallway, lounge, dining room, utility room, downstairs WC, extended dining kitchen, 3 bedrooms and a modern 4 piece white bathroom. Externally the property has the benefit of a garden & driveway to the front and a large rear garden with greenhouse, 2large sheds, timber decking and pond.

Spacious Entrance Hallway - Stairs off. Radiator.

Lounge - 4.60m x 3.63m (15'1 x 11'11) - Fitted electric fire. Bay window. Radiator.

Dining Room - 3.94m x 3.66m (12'11 x 12'0) - Radiator. Opening through to dining kitchen.

Utility Room - 2.59m x 1.78m (8'6 x 5'10) - Plumbed for washer. Built in cupboards. Combi gas central heating boiler. Radiator.

Downstairs Wc -

Extended Dining Kitchen - 3.30m x 5.41m (10'10 x 17'9) - Fitted wall & base units incorporating oven, hob & extractor. Stainless steel sink, rinser & drainer. 3 Velux windows. Radiator. French doors to rear.

First Floor Landing - Spindled balustrade. Loft access with drop down ladder. Loft boarded for storage.

Bedroom 1 - 3.66m x 3.35m (12'0 x 11'0) - Front aspect. Fitted wardrobes. Radiator.

Bedroom 2 - 3.91m x 2.79m (12'10 x 9'2) - Rear aspect. Fitted wardrobes. Radiator.

Bedroom 3 - 2.34m x 2.13m (7'8 x 7'0) - Front aspect. Fitted wardrobes. Radiator.

Bathroom - Modern 4 piece white suite including large walk in shower cubicle. Ceramic wall & floor tiled. Heated towel rail.

External - Garden & driveway to the front and a large rear garden with greenhouse, 2large sheds, timber decking and pond.

Tenure & Council Tax - We have been advised that this property is Freehold. The council tax is in Band B with Oldham Council.

Agent Details

N P Estates, Manchester

0161 524 9701

Next Steps?

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

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