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











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 Rents

50 rents from £1K/mo to £4.4K/mo, average is £1.6K/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
£1,19007/240.48 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
£1,79507/240.55 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
£3,25001/250.56 mi-4
£1,90002/250.56 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?

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