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

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Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£162,500£162,500
Stamp Duty & Legal Fees	£40,700£40,700
Refurb Costs	£104,533£104,533
Bridging Loan Interest	£17,063£17,063
Total Cash In	£326,546£326,546

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£714,955£714,955
Mortgage (After Refinance)	£536,216£536,216
Mortgage LTV	75%75%
Cash Released	£48,716£48,716
Cash Left In	£277,830£277,830
Equity	£178,739£178,739
Rent Range	£1,000 - £4,445£1,000 - £4,445
Rent Estimate	£1,651
Running Costs/mo	£2,584£2,584
Cashflow/mo	£-933£-933
Cashflow/yr	£-11,201£-11,201
Gross Yield	3%3%

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Local Rents

50 rents from £1K/mo to £4.4K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,495	05/24	0.21 mi	Cavendish Road, Salford	3	Semi-Detached House
£1,050	05/24	0.22 mi	Grosvenor Court, Park Lane Salford M7	3	Flat
£1,050	07/24	0.22 mi	Grosvenor Court, Park Lane Salford M7	3	Flat
£1,350	06/24	0.22 mi	Catherine Road, Manchester, Greater Manchester, M8	3	Semi-Detached House
£2,500	07/24	0.23 mi	Singleton Road, Salford	5	Detached House
£1,650	07/24	0.27 mi	-	3	Flat
£1,665	12/24	0.27 mi	-	3	Flat
£1,650	12/24	0.27 mi	-	3	Flat
£1,750	03/25	0.27 mi	-	3	Flat
£1,650	06/24	0.27 mi	Regent Court, Salford, M7	3	Flat
£1,250	03/25	0.32 mi	-	3	Terraced House
£1,300	05/24	0.32 mi	Park Road, Manchester, M8	3	Detached House
£1,700	08/24	0.32 mi	Cavendish Road, Salford	4	Semi-Detached House
£1,500	07/24	0.33 mi	Brookside Drive, Manchester, Greater Manchester, M7	3	Semi-Detached House
£1,800	12/24	0.36 mi	-	5	Semi-Detached House
£1,350	12/23	0.37 mi	-	4	Semi-Detached House
£3,300	02/25	0.4 mi	-	4	Semi-Detached House
£1,875	05/24	0.4 mi	Park Road, Prestwich	4	Detached House
£1,450	07/24	0.4 mi	Edilom Road, Crumpsall, M8	3	Flat
£1,200	01/25	0.4 mi	-	3	Terraced House
£1,495	07/24	0.41 mi	1 Rothesay Road, Manchester, Greater Manchester, M8 4JA	3	Semi-Detached House
£1,250	05/24	0.42 mi	Sedgley Avenue, Prestwich, M25	4	Semi-Detached House
£1,250	05/24	0.42 mi	Sedgley Avenue	3	Semi-Detached House
£1,700	01/25	0.43 mi	-	4	Semi-Detached House
£1,195	05/24	0.46 mi	-	3	Flat
£1,995	07/24	0.46 mi	-	4	Flat
£1,195	05/24	0.46 mi	Polygon Road, Manchester, M8	3	Flat
£1,995	07/24	0.46 mi	Polygon Road, Manchester, M8	4	Flat
£1,350	02/24	0.46 mi	-	3	Flat
£1,400	01/25	0.46 mi	-	3	Flat
£1,395	02/25	0.46 mi	-	3	Flat
£1,190	07/24	0.48 mi	-	3	Terraced House
£1,950	12/24	0.48 mi	-	4	Semi-Detached House
£1,150	02/24	0.5 mi	-	3	Semi-Detached House
£1,400	03/25	0.5 mi	-	3	Semi-Detached House
£1,850	05/24	0.5 mi	-	6	Semi-Detached House
£1,300	07/24	0.5 mi	-	3	Terraced House
£1,190	06/24	0.5 mi	-	3	Terraced House
£1,600	05/24	0.5 mi	Richmond Avenue, Prestwich, Manchester	3	Detached House
£1,625	05/24	0.5 mi	Links Crescent, Prestwich, Manchester, M25	4	Detached House
£1,000	03/25	0.55 mi	-	3	Terraced House
£1,795	07/24	0.55 mi	-	3	Semi-Detached House
£1,795	07/24	0.55 mi	-	3	Semi-Detached House
£1,795	06/24	0.55 mi	Middleton Road, Crumpsall, M8	3	Semi-Detached House
£1,795	07/24	0.55 mi	Middleton Road, Crumpsall, M8	3	Semi-Detached House
£1,050	05/24	0.55 mi	Winchester Avenue, Prestwich	3	Semi-Detached House
£1,895	01/24	0.56 mi	-	4	Semi-Detached House
£4,445	05/24	0.56 mi	-	4	Semi-Detached House
£3,250	01/25	0.56 mi	-	4	Semi-Detached House
£1,900	02/25	0.56 mi	-	4	Semi-Detached House

Local Area Statistics

Population in M7	27,60127,601
Population in Salford	88,69788,697
Town centre distance	2.02 miles away2.02 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.69 miles away0.69 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+36%+36%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+38%+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