3 Bed Terraced House, Refurb/BRRR, Manchester, M11 4QA, £120,000

6 Powell Street, Manchester, M11 4QA - 6 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 14%
80 m²
+2 photos

ValuationUndervalued

Sold Prices£110K - £285K
Sold Prices/m²£1.1K/m² - £3K/m²

 

 

Square Metres

80 m²
Price/m²£1.5K/m²

Value Estimate

£123,600
BMV3%

 

 

End Value (After Refurb)

£138,667

Uplift in Value

+16%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Refurb Costs

£33,827

Bridging Loan Interest

£3,150

Total Cash In

£73,527

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£138,667

Mortgage (After Refinance)

£104,000

Mortgage LTV

75%

Cash Released

£14,000

Cash Left In

£59,527

Equity

£34,667

Rent Range

£995 - £3,650

Rent Estimate

£1,645

Running Costs/mo

£782

Cashflow/mo

£863

Cashflow/yr

£10,352

ROI

14%

Gross Yield

16%

Local Sold Prices

50 sold prices from £110K to £285K, average is £170K. £1.1K/m² to £3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£166K03/210.07 mi62, Powell Street, Clayton, Manchester, Greater Manchester M11 4GY3
£149.5K11/210.09 mi1, Lavenham Avenue, Manchester, Greater Manchester M11 4GB3
£135K12/200.1 mi18, Kingsbury Road, Manchester, Greater Manchester M11 4NN3
£130K04/210.1 mi45, Coatbridge Street, Manchester, Greater Manchester M11 4QZ3
£205K03/240.12 mi1, Minorca Avenue, Manchester, Greater Manchester M11 4RZ3
£137K10/200.12 mi132, Seymour Road South, Manchester, Greater Manchester M11 4PS3
£160K03/230.12 mi134, North Road, Manchester, Greater Manchester M11 4LD3
£125.1K04/210.12 mi10, Coatbridge Street, Manchester, Greater Manchester M11 4RD3
£175K09/220.12 mi96, North Road, Manchester, Greater Manchester M11 4LD3
£240K03/240.13 mi311, North Road, Manchester, Greater Manchester M11 4LB3
£194K06/230.14 mi109, Seymour Road South, Manchester, Greater Manchester M11 4PS3
£175K03/230.14 mi85, Seymour Road South, Manchester, Greater Manchester M11 4PS3
£180K01/230.15 mi86, Seymour Road South, Manchester, Greater Manchester M11 4PR3
£185K09/230.15 mi46, Seymour Road South, Manchester, Greater Manchester M11 4PR3
£190K12/230.16 mi2, Lingfield Road, Manchester, Greater Manchester M11 4JZ3
£185K08/230.17 mi922, Ashton New Road, Manchester, Greater Manchester M11 4GT3
£125K06/230.17 mi930, Ashton New Road, Manchester, Greater Manchester M11 4GT3
£140K11/200.17 mi18, Tottington Street, Manchester, Greater Manchester M11 4WT3
£156K05/210.18 mi811, Ashton New Road, Manchester, Greater Manchester M11 4GS3
£200K12/220.18 mi16, Folkestone Road, Manchester, Greater Manchester M11 4LJ3
£170K10/220.2 mi19, Walsden Street, Manchester, Greater Manchester M11 4NJ3
£175K09/230.21 mi20, Seymour Road South, Manchester, Greater Manchester M11 4PG3
£173K08/210.21 mi337, North Road, Manchester, Greater Manchester M11 4NY3
£141K05/210.21 mi30, Clayton Hall Road, Manchester, Greater Manchester M11 4WH3
£145K03/210.21 mi36, Clayton Hall Road, Manchester, Greater Manchester M11 4WH3
£160K12/200.21 mi42, Clayton Hall Road, Manchester, Greater Manchester M11 4WH3
£132.6K05/210.21 mi12, Clayton Hall Road, Manchester, Greater Manchester M11 4WH3
£137K11/200.22 mi11, Folkestone Road West, Manchester, Greater Manchester M11 4LS3
£200K10/220.22 mi25, Folkestone Road West, Manchester, Greater Manchester M11 4LS3
£110K03/230.23 mi76, Lingfield Road, Manchester, Greater Manchester M11 4ND3
£285K07/230.23 mi491, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6JN3
£185K02/230.24 mi3, Gleneagles Avenue, Manchester, Greater Manchester M11 4JU3
£128.5K07/210.26 mi18, Vale Street, Manchester, Greater Manchester M11 4WG3
£180K09/220.27 mi46, South Crescent, Manchester, Greater Manchester M11 4LN3
£125K01/210.27 mi16, Second Avenue, Manchester, Greater Manchester M11 4LX3
£151.8K04/210.28 mi42, Holly Street, Droylsden, Manchester, Greater Manchester M43 6NL3
£160K06/210.29 mi71, Windsor Road, Droylsden, Manchester, Greater Manchester M43 6WB3
£187K12/220.3 mi6, Easthaven Avenue, Manchester, Greater Manchester M11 4RN3
£165K11/230.3 mi47, Holly Street, Droylsden, Manchester, Greater Manchester M43 6WL3
£188K02/210.3 mi39, Holly Street, Droylsden, Manchester, Greater Manchester M43 6WL3
£196.4K12/220.3 mi359, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6JL3
£135K12/200.3 mi52, Windsor Road, Droylsden, Manchester, Greater Manchester M43 6NB3
£140K04/240.3 mi49, John Heywood Street, Manchester, Greater Manchester M11 4BG3
£230K11/220.31 mi33, Nelson Drive, Droylsden, Manchester, Greater Manchester M43 6ND3
£195K12/200.31 mi37, Nelson Drive, Droylsden, Manchester, Greater Manchester M43 6ND3
£212.1K08/230.31 mi29, Nelson Drive, Droylsden, Manchester, Greater Manchester M43 6ND3
£210K10/220.31 mi32, North Crescent, Manchester, Greater Manchester M11 4LR3
£132K12/200.31 mi11, Fourth Avenue, Manchester, Greater Manchester M11 4LZ3
£170K06/220.32 mi11, Whiteley Street, Manchester, Greater Manchester M11 4HF3
£191.5K03/230.32 mi562, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6JQ3

Local Rents

53 rents from £995/mo to £3.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20012/240.01 mi-3
£2,80012/240.09 mi-3
£2,80012/240.09 mi-3
£1,30001/240.14 mi-3
£1,20005/240.15 miCoatbridge Street, Clayton3
£1,25012/240.15 mi-3
£1,30012/240.16 mi-3
£1,25003/250.16 mi-3
£1,20003/250.22 mi-3
£1,65012/240.23 mi-3
£3,65003/250.27 mi-3
£1,49506/240.27 miHalton Road, Manchester, Greater Manchester, M113
£1,20012/240.28 mi-3
£1,15012/240.28 mi-3
£99505/240.28 miFolkestone Road West, Clayton, Manchester, M11 4QP3
£1,40012/240.3 mi-3
£1,49512/240.3 mi-3
£2,50012/240.3 mi-3
£1,50002/250.3 mi-3
£1,60012/240.31 mi-3
£1,20003/250.31 mi-3
£1,10002/250.32 mi-3
£2,75005/240.34 mi-3
£2,78105/240.34 miThirsfield Drive, Manchester, Greater Manchester, M113
£1,15011/240.34 mi-3
£1,60008/240.34 mi-3
£1,60008/240.34 mi-3
£1,50005/240.34 mi-3
£1,45004/240.34 mi-3
£99510/240.35 mi-3
£1,29507/240.35 miPalm Street, Droylsden, Manchester, M433
£1,29508/240.35 mi-3
£1,05008/240.35 miElm Grove, Manchester3
£3,09912/240.35 mi-3
£2,69902/250.35 mi-3
£1,65012/240.35 mi-3
£1,65005/240.35 miMidville Road, Manchester, M113
£1,49504/240.35 mi-3
£1,20003/250.36 mi-3
£3,20003/250.36 mi-3
£1,20007/240.37 miDawlish Avenue, Droylsden, 3
£2,80006/240.38 mi-3
£2,60003/250.38 mi-3
£1,25003/250.38 mi-3
£1,30003/250.38 mi-3
£1,20005/240.4 miChatsworth Road, Droylsden, Manchester3
£1,05011/240.42 mi-3
£1,10005/240.42 miHimley Road, Manchester, M113
£1,50005/240.43 miGlamis Avenue, M113
£1,32503/250.44 mi-3
£1,30008/240.48 miPeakdale Road, Droylsden, M433
£1,27508/240.48 mi-3
£1,27508/240.48 mi-3

Local Area Statistics

Population in M11

20,273

Population in Manchester

920,095

Town centre distance

3.70 miles away

Nearest school

0.10 miles away

Nearest train station

0.43 miles away

 

 

Rental growth (12m)

+112%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £120,000

February 17, 2025

Description

  • Renovation required +
  • Three bedrooms +
  • One bathroom +
  • Two reception rooms +
  • Terrace property +
  • Well situated for Manchester city centre +
  • Close to schools and amenities +
  • Gas central heating +
  • No onward chain +

Stevenson Whyte are now in receipt of an offer for the sum of £127,000 for 6 Powell Street, Manchester, M11 4QA . Anyone wishing to place an offer on this property should contact (Stevenson Whyte, 5-9 Duke Street, Manchester, M3 4NF, ) before exchange of contracts.

Full renovation required - Ideal opportunity for a first time buyer or property developer looking to add value. A three bedroom terraced property, boasting two reception rooms, separate kitchen, and one bathroom. Conveniently located in Clayton, an ideal commute into the city centre, and for local shops, schools and amenities.
The property benefits no onward chain and gas central heating.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Stevenson Whyte, Manchester

0161 524 8300

Next Steps?

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