2 Bed Terraced House, Refurb/BRRR, Leigh, WN7 5EE, £99,950

Wordsworth Avenue, Leigh, Greater Manchester, WN7 5EE - 2 months ago

Sold STC
Cash
Refurb/BRRR
ROI: 5%
~68 m²

ValuationFair Value

Sold Prices£55K - £203K
Sold Prices/m²£908/m² - £2.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£98,025

 

 

End Value (After Refurb)

£135,698

Uplift in Value

+36%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£24,988

Stamp Duty & Legal Fees

£4,199

Refurb Costs

£28,709

Bridging Loan Interest

£2,624

Total Cash In

£62,269

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£135,698

Mortgage (After Refinance)

£101,774

Mortgage LTV

75%

Cash Released

£26,811

Cash Left In

£35,458

Equity

£33,925

Rent Range

£700 - £1,650

Rent Estimate

£861

Running Costs/mo

£616

Cashflow/mo

£245

Cashflow/yr

£2,937

ROI

5%

Gross Yield

10%

Local Sold Prices

48 sold prices from £55K to £203K, average is £106K. £908/m² to £2.9K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£70K12/200.08 mi18, Keats Street, Leigh, Greater Manchester WN7 5EQ2
£77.5K06/210.09 mi223, Wigan Road, Leigh, Greater Manchester WN7 5DW2
£160K06/230.13 mi9, May Avenue, Leigh, Greater Manchester WN7 5DQ2
£100K04/230.16 mi271, Wigan Road, Leigh, Greater Manchester WN7 5DP2
£125K10/210.22 mi7, Peacock Fold, Leigh, Greater Manchester WN7 5BG2
£105K06/210.22 mi4, Tinkersfield, Leigh, Greater Manchester WN7 5LB2
£120K08/210.23 mi101, Ena Crescent, Leigh, Greater Manchester WN7 5ET2
£97K03/210.24 mi3, Netherfields, Leigh, Greater Manchester WN7 5LD2
£100K08/210.25 mi3, Lostock Walk, Leigh, Greater Manchester WN7 5BB2
£142K12/220.25 mi2, Little Pasture, Leigh, Greater Manchester WN7 5LW2
£115K09/230.28 mi3, Siddeley Street, Leigh, Greater Manchester WN7 5AZ2
£105K08/230.28 mi21, Siddeley Street, Leigh, Greater Manchester WN7 5AZ2
£108K08/210.29 mi6, Edna Road, Leigh, Greater Manchester WN7 5ES2
£130K02/210.31 mi121, Shelley Street, Leigh, Greater Manchester WN7 5EW2
£155K07/230.31 mi121, Shelley Street, Leigh, Greater Manchester WN7 5EW2
£77.5K11/200.34 mi20, Robertshaw Street, Leigh, Greater Manchester WN7 5SB2
£138K03/210.35 mi112, Shelley Street, Leigh, Greater Manchester WN7 5EX2
£165K04/230.35 mi48, Shelley Street, Leigh, Greater Manchester WN7 5EX2
£88.8K10/200.35 mi13, Holt Street, Leigh, Greater Manchester WN7 5RT2
£103K05/210.36 mi1, Clifton Street, Leigh, Greater Manchester WN7 5AD2
£120K09/230.36 mi27, Douglas Road, Leigh, Greater Manchester WN7 5HG2
£109K11/210.39 mi21c, Scott Street, Leigh, Greater Manchester WN7 5AL2
£105K09/230.39 mi10, Scott Street, Leigh, Greater Manchester WN7 5AL2
£140K10/230.4 mi62, Laxey Crescent, Leigh, Greater Manchester WN7 5HF2
£132K01/240.42 mi25, Laxey Crescent, Leigh, Greater Manchester WN7 5HE2
£123K08/240.42 mi31, Firs Lane, Leigh, Greater Manchester WN7 4SA2
£154.4K09/230.43 mi118, Windermere Grove, Leigh, Greater Manchester WN7 1XQ2
£100K04/230.44 mi11, Peel Street, Leigh, Greater Manchester WN7 1XF2
£103.5K03/230.45 mi22, Nangreaves Street, Leigh, Greater Manchester WN7 4TN2
£105K01/240.45 mi4, Nangreaves Street, Leigh, Greater Manchester WN7 4TN2
£203K11/230.45 mi13a, Nangreaves Street, Leigh, Greater Manchester WN7 4TN2
£107K12/210.45 mi234, Twist Lane, Leigh, Greater Manchester WN7 4EL2
£85K02/240.45 mi13, Kearsley Street, Leigh, Greater Manchester WN7 4EP2
£85K05/210.47 mi229, Twist Lane, Leigh, Greater Manchester WN7 4EH2
£150K08/240.47 mi2, Hill View, Leigh, Greater Manchester WN7 5JG2
£135K02/230.49 mi90, Bright Street, Leigh, Greater Manchester WN7 5QN2
£115K01/240.5 mi187, Glebe Street, Leigh, Greater Manchester WN7 1RH2
£95K04/230.5 mi169, Glebe Street, Leigh, Greater Manchester WN7 1RH2
£97K05/210.5 mi57, Findlay Street, Leigh, Greater Manchester WN7 4EQ2
£55K03/210.51 mi34, Pilling Street, Leigh, Greater Manchester WN7 4ET2
£122.5K10/230.51 mi35, Pilling Street, Leigh, Greater Manchester WN7 4ET2
£127K05/230.51 mi22, Pilling Street, Leigh, Greater Manchester WN7 4ET2
£64K01/210.52 mi156, Glebe Street, Leigh, Greater Manchester WN7 1RJ2
£80K05/210.53 mi119, Gordon Street, Leigh, Greater Manchester WN7 1RU2
£85K03/230.53 mi124, Glebe Street, Leigh, Greater Manchester WN7 1RQ2
£100K12/210.54 mi47, Fairhurst Street, Leigh, Greater Manchester WN7 4EE2
£90K06/230.54 mi34, Fairhurst Street, Leigh, Greater Manchester WN7 4EE2
£125K12/230.54 mi30, Fairhurst Street, Leigh, Greater Manchester WN7 4EE2

Local Rents

32 rents from £700/mo to £1.6K/mo, average is £838/mo.

RentDateDistanceAddressBeds 
£95011/240.22 mi-2
£1,65011/240.23 mi-2
£82504/250.26 mi-2
£85012/240.32 mi-2
£79504/250.35 mi-2
£85002/250.36 mi-2
£95002/250.41 mi-2
£87511/240.45 miHilton Park, Leigh, WN7 1RL2
£82503/250.47 mi-2
£76911/240.49 mi-2
£80009/240.49 mi-2
£89511/240.49 mi-2
£80011/240.5 mi-2
£89503/250.5 mi-2
£85004/250.51 mi-2
£75011/240.51 mi-2
£75011/240.52 mi-2
£75012/230.53 mi-2
£99512/240.53 mi-2
£85011/240.54 mi-2
£80011/240.54 mi-2
£85012/240.55 mi-2
£90003/250.56 mi-2
£75002/250.56 mi-2
£85003/250.56 mi-2
£75011/240.56 mi-2
£70002/250.57 mi-2
£82511/240.57 mi-2
£88009/240.59 mi-2
£89503/250.6 mi-2
£80012/240.61 mi-2
£81502/250.61 mi-2

Local Area Statistics

Population in WN7

47,819

Town centre distance

189.82 miles away

Nearest school

0.40 miles away

Nearest train station

2.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £99,950

February 7, 2025

Description

  • CASH BUYER +
  • IN NEED OF UPDATING +
  • NO CHAIN INVOLVED +
  • FREEHOLD +

78 WORDSWORTH AVENUE
LEIGH, WN7 5ED

Situated in a
very popular and well established
location is this well proportioned two bedroom
mid mews style home offering good sized accommodation to
Include off road parking to the front and an enclosed
Courtyard style area to the rear

(IN NEED OF UPDATING - EXCELLENT INVESTMENT)

In further detail the property includes: _ On the ground floor: Entrance hall, lounge, dining room and under stairs. Whilst on the first floor there are two bedrooms, bathroom and loft room.

The property is approached over an entrance driveway which provides off road parking to the front of the property. The rear is enclosed courtyard style with patio.

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; WN7 5ED

In further the accommodation comprises:-

GROUNDN FLOOR:

ENTRANCE HALL

LOUNGE 12'4 (max) x 14'2 (max) Tv point.

DINING KITCHEN 12'6 (max) x 9'10 (max) Fitted with wall and base cupboards. Door to outside. Access to courtyard/patio area.

STORE AREA

FIRST FLOOR:

LANDING

BEDROOM 14'6 (max) x 8'3 (max) Radiator.

BEDROOM 8'10 (max) x 12'7 (max) Radiator.

BATHROOM Panelled bath with shower fitment over bath. Pedestal wash hand basin. Low level WC.

OUTSIDE:

The property is approached over an entrance driveway which provides off road parking to the front of the property. The rear is enclosed courtyard style with patio.

TENURE Freehold.

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.

OPENING TIMES: MON-FRI 9.00AM - 5.30PM, SAT 9.00AM - 4.00PM, SUN CLOSED
E-mail: Web-site: /

Agent Details

Cooke & Company, Leigh

01942 925627

Next Steps?

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