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£656,500

End Value (After Refurb)	£714,955£714,955
Uplift in Value	+10%+10%

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%

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.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£770K	01/24	0.06 mi	29, Upper Park Road, Salford, Greater Manchester M7 4JB	-	-	4	Detached House
£850K	09/23	0.06 mi	43, Upper Park Road, Salford, Greater Manchester M7 4JB	£4,187	203	4	Detached House
£665K	10/21	0.14 mi	58b, Singleton Road, Salford, Greater Manchester M7 4LU	£1,950	341	4	Detached House
£425K	05/21	0.15 mi	7, Oakwell Drive, Salford, Greater Manchester M7 4PY	£2,742	155	4	Detached House
£740K	06/23	0.18 mi	81, Singleton Road, Salford, Greater Manchester M7 4LX	£3,627	204	4	Detached House
£525K	06/21	0.23 mi	99, Cavendish Road, Salford, Greater Manchester M7 4NB	£3,035	173	4	Semi-Detached House
£525K	09/21	0.25 mi	3a, Worthington Drive, Salford, Greater Manchester M7 4HG	-	-	4	Detached House
£435K	06/21	0.32 mi	9, Park Street, Salford, Greater Manchester M7 4NJ	£3,295	132	4	Semi-Detached House
£395K	04/23	0.32 mi	73, Cavendish Road, Salford, Greater Manchester M7 4NQ	-	-	4	Semi-Detached House
£750K	06/22	0.34 mi	25, Park Road, Manchester, Greater Manchester M8 4HT	£4,573	164	4	Detached House
£360K	08/21	0.38 mi	1, Fort Road, Prestwich, Manchester, Greater Manchester M25 0HA	£1,957	184	4	Semi-Detached House
£660K	11/22	0.38 mi	41, Cavendish Road, Salford, Greater Manchester M7 4WP	£4,615	143	4	Detached House
£430K	01/21	0.38 mi	2, Radford Street, Salford, Greater Manchester M7 4NT	£2,183	197	4	Detached House
£765K	07/23	0.41 mi	9, Castle Hill Road, Prestwich, Manchester, Greater Manchester M25 0FR	£4,466	171	4	Detached House
£527.3K	05/23	0.41 mi	1, Plymtree Close, Manchester, Greater Manchester M8 4JR	-	-	4	Detached House
£320.5K	12/20	0.43 mi	12, South Meade, Prestwich, Manchester, Greater Manchester M25 0JL	£2,649	121	4	Semi-Detached House
£300K	03/21	0.5 mi	4a, The Drive, Salford, Greater Manchester M7 3ND	£2,427	124	4	Semi-Detached House
£445K	10/20	0.5 mi	5, Links Crescent, Prestwich, Manchester, Greater Manchester M25 0GG	£3,321	134	4	Detached House
£410K	06/21	0.5 mi	54, Brooklands Road, Prestwich, Manchester, Greater Manchester M25 0ED	£3,333	123	4	Detached House
£370K	06/21	0.5 mi	68, Brooklands Road, Prestwich, Manchester, Greater Manchester M25 0ED	-	-	4	Semi-Detached House
£480K	12/22	0.53 mi	29, Bishops Road, Prestwich, Manchester, Greater Manchester M25 0HT	£2,712	177	4	Semi-Detached House
£200K	12/20	0.56 mi	2, Cliff Crescent, Salford, Greater Manchester M7 2FQ	£995	201	4	Semi-Detached House
£415K	11/21	0.58 mi	84, Wellington Street East, Salford, Greater Manchester M7 4DW	£2,594	160	4	Terraced House
£500K	01/23	0.59 mi	26, Moorside Road, Salford, Greater Manchester M7 3PJ	£3,289	152	4	Semi-Detached House
£375K	05/23	0.63 mi	40, Windsor Road, Prestwich, Manchester, Greater Manchester M25 0FF	-	-	4	Semi-Detached House
£460K	05/21	0.63 mi	5, Parksway, Prestwich, Manchester, Greater Manchester M25 0JE	£2,911	158	4	Semi-Detached House
£430K	04/21	0.63 mi	15, Oakfield, Prestwich, Manchester, Greater Manchester M25 0DP	£2,886	149	4	Semi-Detached House
£330K	07/23	0.64 mi	140, Middleton Road, Manchester, Greater Manchester M8 4LB	-	-	4	Semi-Detached House
£315K	11/20	0.65 mi	28, Wilton Road, Crumpsall, Manchester, Greater Manchester M8 4WQ	£2,100	150	4	Semi-Detached House
£430K	11/22	0.65 mi	132, Nevile Road, Salford, Greater Manchester M7 3PH	£2,823	152	4	Semi-Detached House
£660.5K	04/23	0.66 mi	117, Bury Old Road, Prestwich, Manchester, Greater Manchester M25 0EQ	-	-	4	Detached House
£227K	10/20	0.66 mi	3, Mountford Avenue, Manchester, Greater Manchester M8 4LN	£2,183	104	4	Semi-Detached House
£372.5K	07/23	0.68 mi	9, Windsor Crescent, Prestwich, Manchester, Greater Manchester M25 0DD	£4,691	79	4	Semi-Detached House
£405K	03/21	0.71 mi	2, Meadfoot Avenue, Prestwich, Manchester, Greater Manchester M25 0AR	-	-	4	Semi-Detached House
£270K	03/21	0.73 mi	3, Houghton Road, Manchester, Greater Manchester M8 5SQ	£1,667	162	4	Terraced House
£265K	09/22	0.75 mi	13, Hermitage Road, Manchester, Greater Manchester M8 5SW	£1,636	162	4	Semi-Detached House
£490K	02/23	0.75 mi	90, Scholes Lane, Prestwich, Manchester, Greater Manchester M25 0AU	-	-	4	Semi-Detached House
£895K	02/21	0.75 mi	18, Sheepfoot Lane, Prestwich, Manchester, Greater Manchester M25 0BN	£3,638	246	4	Detached House
£390K	07/23	0.76 mi	10, Hilton Crescent, Prestwich, Manchester, Greater Manchester M25 9NQ	£3,277	119	4	Semi-Detached House
£335K	05/21	0.76 mi	19, Hilton Crescent, Prestwich, Manchester, Greater Manchester M25 9NQ	-	-	4	Semi-Detached House
£150K	05/21	0.76 mi	6, Claude Street, Manchester, Greater Manchester M8 5AW	£1,415	106	4	Terraced House
£220K	04/21	0.8 mi	13, Carr Bank Avenue, Manchester, Greater Manchester M9 8FT	£1,549	142	4	Semi-Detached House
£320K	08/23	0.83 mi	16, Priory Avenue, Salford, Greater Manchester M7 2HA	-	-	4	Terraced House
£410K	03/21	0.86 mi	6, Tuscany View, Salford, Greater Manchester M7 3TX	£2,971	138	4	Detached House
£365K	08/21	0.86 mi	7, Tuscany View, Salford, Greater Manchester M7 3TX	£3,349	109	4	Detached House
£342K	01/21	0.86 mi	5, Tuscany View, Salford, Greater Manchester M7 3TX	£2,878	119	4	Detached House
£255K	08/21	0.86 mi	330, Waterloo Road, Manchester, Greater Manchester M8 0AX	£2,406	106	4	Detached House
£475K	06/21	0.87 mi	28, Woodhill Drive, Prestwich, Manchester, Greater Manchester M25 0AD	£2,976	160	4	Detached House
£425K	12/20	0.87 mi	22, Woodhill Drive, Prestwich, Manchester, Greater Manchester M25 0AD	£2,872	148	4	Semi-Detached House
£380K	04/21	0.87 mi	196, Moor Lane, Salford, Greater Manchester M7 3PZ	-	-	4	Semi-Detached House

Local Rents

50 rents from £1K/mo to £4.4K/mo, average is £1.5K/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
£1,400	03/25	0.48 mi	-	3	Semi-Detached House
£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
£1,300	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

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