8 Bed Semi-Detached House, Refurb/BRRR, Salford, M7 4JJ, £650,000

78a Kings Road, Manchester M25 0FY - a month ago

Under Offer
Refurb/BRRR
~248 m²
+19 photos

ValuationFair Value

Sold Prices£150K - £895K
Sold Prices/m²£995/m² - £4.7K/m²

 

 

Square Metres

~248 m²
Price/m²£2.6K/m²

Value Estimate

£656,500

 

 

End Value (After Refurb)

£714,955

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£40,700

Refurb Costs

£104,533

Bridging Loan Interest

£17,063

Total Cash In

£326,546

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£714,955

Mortgage (After Refinance)

£536,216

Mortgage LTV

75%

Cash Released

£48,716

Cash Left In

£277,830

Equity

£178,739

Rent Range

£1,000 - £4,445

Rent Estimate

£1,651

Running Costs/mo

£2,584

Cashflow/mo

£-933

Cashflow/yr

£-11,201

Gross Yield

3%

Local Sold Prices

50 sold prices from £150K to £895K, average is £412.5K. £995/m² to £4.7K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£770K01/240.06 mi29, Upper Park Road, Salford, Greater Manchester M7 4JB4
£850K09/230.06 mi43, Upper Park Road, Salford, Greater Manchester M7 4JB4
£665K10/210.14 mi58b, Singleton Road, Salford, Greater Manchester M7 4LU4
£425K05/210.15 mi7, Oakwell Drive, Salford, Greater Manchester M7 4PY4
£740K06/230.18 mi81, Singleton Road, Salford, Greater Manchester M7 4LX4
£525K06/210.23 mi99, Cavendish Road, Salford, Greater Manchester M7 4NB4
£525K09/210.25 mi3a, Worthington Drive, Salford, Greater Manchester M7 4HG4
£435K06/210.32 mi9, Park Street, Salford, Greater Manchester M7 4NJ4
£395K04/230.32 mi73, Cavendish Road, Salford, Greater Manchester M7 4NQ4
£750K06/220.34 mi25, Park Road, Manchester, Greater Manchester M8 4HT4
£360K08/210.38 mi1, Fort Road, Prestwich, Manchester, Greater Manchester M25 0HA4
£660K11/220.38 mi41, Cavendish Road, Salford, Greater Manchester M7 4WP4
£430K01/210.38 mi2, Radford Street, Salford, Greater Manchester M7 4NT4
£765K07/230.41 mi9, Castle Hill Road, Prestwich, Manchester, Greater Manchester M25 0FR4
£527.3K05/230.41 mi1, Plymtree Close, Manchester, Greater Manchester M8 4JR4
£320.5K12/200.43 mi12, South Meade, Prestwich, Manchester, Greater Manchester M25 0JL4
£300K03/210.5 mi4a, The Drive, Salford, Greater Manchester M7 3ND4
£445K10/200.5 mi5, Links Crescent, Prestwich, Manchester, Greater Manchester M25 0GG4
£410K06/210.5 mi54, Brooklands Road, Prestwich, Manchester, Greater Manchester M25 0ED4
£370K06/210.5 mi68, Brooklands Road, Prestwich, Manchester, Greater Manchester M25 0ED4
£480K12/220.53 mi29, Bishops Road, Prestwich, Manchester, Greater Manchester M25 0HT4
£200K12/200.56 mi2, Cliff Crescent, Salford, Greater Manchester M7 2FQ4
£415K11/210.58 mi84, Wellington Street East, Salford, Greater Manchester M7 4DW4
£500K01/230.59 mi26, Moorside Road, Salford, Greater Manchester M7 3PJ4
£375K05/230.63 mi40, Windsor Road, Prestwich, Manchester, Greater Manchester M25 0FF4
£460K05/210.63 mi5, Parksway, Prestwich, Manchester, Greater Manchester M25 0JE4
£430K04/210.63 mi15, Oakfield, Prestwich, Manchester, Greater Manchester M25 0DP4
£330K07/230.64 mi140, Middleton Road, Manchester, Greater Manchester M8 4LB4
£315K11/200.65 mi28, Wilton Road, Crumpsall, Manchester, Greater Manchester M8 4WQ4
£430K11/220.65 mi132, Nevile Road, Salford, Greater Manchester M7 3PH4
£660.5K04/230.66 mi117, Bury Old Road, Prestwich, Manchester, Greater Manchester M25 0EQ4
£227K10/200.66 mi3, Mountford Avenue, Manchester, Greater Manchester M8 4LN4
£372.5K07/230.68 mi9, Windsor Crescent, Prestwich, Manchester, Greater Manchester M25 0DD4
£405K03/210.71 mi2, Meadfoot Avenue, Prestwich, Manchester, Greater Manchester M25 0AR4
£270K03/210.73 mi3, Houghton Road, Manchester, Greater Manchester M8 5SQ4
£265K09/220.75 mi13, Hermitage Road, Manchester, Greater Manchester M8 5SW4
£490K02/230.75 mi90, Scholes Lane, Prestwich, Manchester, Greater Manchester M25 0AU4
£895K02/210.75 mi18, Sheepfoot Lane, Prestwich, Manchester, Greater Manchester M25 0BN4
£390K07/230.76 mi10, Hilton Crescent, Prestwich, Manchester, Greater Manchester M25 9NQ4
£335K05/210.76 mi19, Hilton Crescent, Prestwich, Manchester, Greater Manchester M25 9NQ4
£150K05/210.76 mi6, Claude Street, Manchester, Greater Manchester M8 5AW4
£220K04/210.8 mi13, Carr Bank Avenue, Manchester, Greater Manchester M9 8FT4
£320K08/230.83 mi16, Priory Avenue, Salford, Greater Manchester M7 2HA4
£410K03/210.86 mi6, Tuscany View, Salford, Greater Manchester M7 3TX4
£365K08/210.86 mi7, Tuscany View, Salford, Greater Manchester M7 3TX4
£342K01/210.86 mi5, Tuscany View, Salford, Greater Manchester M7 3TX4
£255K08/210.86 mi330, Waterloo Road, Manchester, Greater Manchester M8 0AX4
£475K06/210.87 mi28, Woodhill Drive, Prestwich, Manchester, Greater Manchester M25 0AD4
£425K12/200.87 mi22, Woodhill Drive, Prestwich, Manchester, Greater Manchester M25 0AD4
£380K04/210.87 mi196, Moor Lane, Salford, Greater Manchester M7 3PZ4

Local Rents

50 rents from £1K/mo to £4.4K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,49505/240.21 miCavendish Road, Salford3
£1,05005/240.22 miGrosvenor Court, Park Lane Salford M73
£1,05007/240.22 miGrosvenor Court, Park Lane Salford M73
£1,35006/240.22 miCatherine Road, Manchester, Greater Manchester, M83
£2,50007/240.23 miSingleton Road, Salford5
£1,65007/240.27 mi-3
£1,66512/240.27 mi-3
£1,65012/240.27 mi-3
£1,75003/250.27 mi-3
£1,65006/240.27 miRegent Court, Salford, M73
£1,25003/250.32 mi-3
£1,30005/240.32 miPark Road, Manchester, M83
£1,70008/240.32 miCavendish Road, Salford4
£1,50007/240.33 miBrookside Drive, Manchester, Greater Manchester, M73
£1,80012/240.36 mi-5
£1,35012/230.37 mi-4
£3,30002/250.4 mi-4
£1,87505/240.4 miPark Road, Prestwich4
£1,45007/240.4 miEdilom Road, Crumpsall, M83
£1,20001/250.4 mi-3
£1,49507/240.41 mi1 Rothesay Road, Manchester, Greater Manchester, M8 4JA3
£1,25005/240.42 miSedgley Avenue, Prestwich, M254
£1,25005/240.42 miSedgley Avenue3
£1,70001/250.43 mi-4
£1,19505/240.46 mi-3
£1,99507/240.46 mi-4
£1,19505/240.46 miPolygon Road, Manchester, M83
£1,99507/240.46 miPolygon Road, Manchester, M84
£1,35002/240.46 mi-3
£1,40001/250.46 mi-3
£1,39502/250.46 mi-3
£1,40003/250.48 mi-3
£1,19007/240.48 mi-3
£1,95012/240.48 mi-4
£1,15002/240.5 mi-3
£1,40003/250.5 mi-3
£1,85005/240.5 mi-6
£1,30007/240.5 mi-3
£1,19006/240.5 mi-3
£1,60005/240.5 miRichmond Avenue, Prestwich, Manchester3
£1,62505/240.5 miLinks Crescent, Prestwich, Manchester, M254
£1,00003/250.55 mi-3
£1,30003/250.55 mi-3
£1,79507/240.55 mi-3
£1,79507/240.55 mi-3
£1,79506/240.55 miMiddleton Road, Crumpsall, M83
£1,79507/240.55 miMiddleton Road, Crumpsall, M83
£1,05005/240.55 miWinchester Avenue, Prestwich3
£1,89501/240.56 mi-4
£4,44505/240.56 mi-4

Local Area Statistics

Population in M7

27,601

Population in Salford

88,697

Town centre distance

2.02 miles away

Nearest school

0.10 miles away

Nearest train station

0.69 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+36%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £650,000

February 15, 2025

Floor Plans

Description

This property presents significant potential for those seeking a renovation project. With a solid foundation and room for improvement, it offers an ideal opportunity to modernise and personalise according to your preferences.
This is an excellent moment to invest, increase the property's value and create a space tailored to your vision. Don't miss out on this exciting opportunity.

Tenure: Freehold

Agent Details

S&S Property Group, Manchester

0161 773 5309

Next Steps?

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