3 Bed Semi-Detached House, Refurb/BRRR, Manchester, M19 1JB, £285,000

Errwood Road, Levenshulme, M19 1JB - 2 views - a month ago

Leasehold
Refurb/BRRR
ROI: 2%
~93 m²
+3 photos

ValuationFair Value

Sold Prices£193K - £500K
Sold Prices/m²£2.3K/m² - £4.8K/m²

 

 

Square Metres

~93 m²
Price/m²£3.1K/m²

Value Estimate

£280,057

 

 

End Value (After Refurb)

£289,488

Uplift in Value

+-4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£39,200

Bridging Loan Interest

£7,481

Total Cash In

£132,381

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£289,488

Mortgage (After Refinance)

£217,116

Mortgage LTV

75%

Cash Released

£3,366

Cash Left In

£129,016

Equity

£72,372

Rent Range

£1,250 - £1,850

Rent Estimate

£1,456

Running Costs/mo

£1,216

Cashflow/mo

£240

Cashflow/yr

£2,882

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £193K to £500K, average is £261K. £2.3K/m² to £4.8K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£340K07/230.07 mi44, Westdale Gardens, Manchester, Greater Manchester M19 1JD3
£275K05/210.07 mi16, Westdale Gardens, Manchester, Greater Manchester M19 1JD3
£325K03/240.09 mi36, Shawbrook Road, Manchester, Greater Manchester M19 1DN3
£280K01/210.09 mi24, Shawbrook Road, Manchester, Greater Manchester M19 1DN3
£220K06/210.1 mi2, Winslow Place, Manchester, Greater Manchester M19 1HD3
£226.5K11/200.11 mi3, Henley Place, Manchester, Greater Manchester M19 1QE3
£262K09/210.13 mi196, Errwood Road, Manchester, Greater Manchester M19 1HU3
£260K07/210.13 mi168, Errwood Road, Manchester, Greater Manchester M19 1HU3
£199K10/200.13 mi1, Hatfield Avenue, Manchester, Greater Manchester M19 1LX3
£289K01/230.14 mi18, Western Circle, Manchester, Greater Manchester M19 1HH3
£248K09/210.15 mi9, Pinner Place, Manchester, Greater Manchester M19 1JL3
£280K01/240.15 mi12, Pinner Place, Manchester, Greater Manchester M19 1JL3
£235K12/200.15 mi1, Pinner Place, Manchester, Greater Manchester M19 1JL3
£250K08/230.16 mi15, Ashburn Avenue, Manchester, Greater Manchester M19 1DQ3
£263K10/200.16 mi9, Ashburn Avenue, Manchester, Greater Manchester M19 1DQ3
£255K03/230.16 mi18, Ashburn Avenue, Manchester, Greater Manchester M19 1DQ3
£250K08/230.19 mi24, Western Circle, Manchester, Greater Manchester M19 1HH3
£240K01/210.19 mi12, Western Circle, Manchester, Greater Manchester M19 1HH3
£265K05/230.19 mi16, Western Circle, Manchester, Greater Manchester M19 1HH3
£220K04/210.19 mi365, Burnage Lane, Manchester, Greater Manchester M19 1DG3
£254K11/230.21 mi7, Pearn Road, Manchester, Greater Manchester M19 1DS3
£306K09/230.21 mi24, Pearn Road, Manchester, Greater Manchester M19 1DS3
£248K11/200.21 mi68, Avon Road, Manchester, Greater Manchester M19 1JW3
£330K08/230.21 mi1, Pearn Avenue, Manchester, Greater Manchester M19 1FQ3
£230K09/210.22 mi38, Avon Road, Manchester, Greater Manchester M19 1HA3
£237K05/210.22 mi1, Fair Oak Road, Manchester, Greater Manchester M19 1DT3
£220K04/210.22 mi15, Fair Oak Road, Manchester, Greater Manchester M19 1DT3
£200K02/240.24 mi1, Elmhurst Drive, Manchester, Greater Manchester M19 1GD3
£205K10/210.24 mi33, Avon Road, Manchester, Greater Manchester M19 1HW3
£241K08/230.26 mi150, Errwood Road, Manchester, Greater Manchester M19 1HT3
£265K12/210.28 mi20, Avon Road, Manchester, Greater Manchester M19 1FW3
£193K06/210.29 mi12, Woodside Avenue, Manchester, Greater Manchester M19 1DY3
£232K03/210.29 mi13, Woodside Avenue, Manchester, Greater Manchester M19 1DY3
£290K11/200.29 mi257, Burnage Lane, Manchester, Greater Manchester M19 1FN3
£240K04/210.31 mi64, Arbor Avenue, Manchester, Greater Manchester M19 1EZ3
£290K02/230.31 mi93, Green End Road, Manchester, Greater Manchester M19 1LE3
£305K01/210.32 mi15, Hyde Fold Close, Manchester, Greater Manchester M19 1EB3
£275K04/230.34 mi41b, Arbor Avenue, Manchester, Greater Manchester M19 1EY3
£295K05/230.34 mi309, Mauldeth Road, Manchester, Greater Manchester M19 1DZ3
£351.3K05/210.36 mi175, Burnage Lane, Manchester, Greater Manchester M19 1FE3
£500K02/230.36 mi8, Alderdale Drive, Stockport, Greater Manchester SK4 4AS3
£417K11/200.37 mi10, Deniston Road, Stockport, Greater Manchester SK4 4RF3
£250K09/210.37 mi93, Green End Road, Manchester, Greater Manchester M19 1LE3
£228K02/210.38 mi21, Moorcroft Drive, Manchester, Greater Manchester M19 1NL3
£325K12/230.38 mi47, Moorcroft Drive, Manchester, Greater Manchester M19 1NL3
£270K10/230.38 mi28, Arbor Drive, Manchester, Greater Manchester M19 1FX3
£320K09/210.39 mi24, Kingsleigh Road, Stockport, Greater Manchester SK4 3QG3
£265K12/230.4 mi20, Shawlea Avenue, Manchester, Greater Manchester M19 1BY3
£230K10/230.4 mi9, Moorton Park, Manchester, Greater Manchester M19 2NH3
£270K06/230.41 mi11, Arbor Avenue, Manchester, Greater Manchester M19 1FU3

Local Rents

22 rents from £1.3K/mo to £1.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30002/240.15 mi-3
£1,30012/240.19 mi-3
£1,30012/240.19 mi-3
£1,65005/240.37 miCarrgreen Close, Manchester, M193
£1,55004/250.4 mi-3
£1,45004/250.41 mi-3
£1,25012/240.43 mi-3
£1,40009/240.44 miWhitehurst Road, Stockport, Cheshire, SK43
£1,50008/240.47 mi-3
£1,50005/240.48 miMoorton Avenue, Burnage3
£1,45005/240.5 miBriarfield Road, Manchester3
£1,40008/240.52 mi-3
£1,40008/240.52 miHarrow Drive, Stockport, SK43
£1,35005/240.55 miRoseleigh Avenue3
£1,40008/240.56 miShaw House, Shaw Road, Heaton Moor3
£1,30003/250.57 mi-3
£1,72512/240.58 mi-3
£1,72512/240.58 mi-3
£1,85004/250.58 mi-3
£1,45006/240.59 miGrangethorpe Drive, Manchester, M19 2LG3
£1,60005/240.59 miAlexandra Drive, Burnage, Manchester3
£1,35008/240.62 miKingsleigh Road, Heaton Mersey, Stockport, Greater Manchester, SK43

Local Area Statistics

Population in M19

34,838

Population in Manchester

920,095

Town centre distance

2.90 miles away

Nearest school

0.20 miles away

Nearest train station

0.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Price changed to £285,000

March 24, 2025

Listed for £300,000

February 27, 2025

Floor Plans

Description

  • Semi Detached Property +
  • Three Bedrooms +
  • Two Reception Rooms +
  • Desirable Location +
  • Investment Oppurtunity +
  • Garden & Driveway +

This spacious THREE BEDROOM semi-detached property presents an excellent opportunity for INVESTORS and is brimming with potential to become a fantastic family home. The property requires modernisation but offers a generous and flexible layout. Upon entry, you are welcomed by a porch and entrance hall leading to two well-proportioned reception rooms, currently utilised as a bay-fronted dining room and a good-sized lounge. To the rear, the kitchen provides access to an enclosed. On the first floor, you’ll find two double bedrooms and a single bedroom, ideal for use as an office or nursery. The family bathroom completes this floor. The home is attractively priced to reflect the work required, offering ample scope to put your own stamp on it. Externally, there is a driveway for off-road parking, a lawned front garden, and gated side access to the rear. The rear garden boasts a lawn and patio area, providing a great space for outdoor activities and entertaining, as well as plenty of room for children to play. This home is ideally located for families, with the OUTSTANDING Green End Primary School, Heatons North Play Park, and Cringle Park all nearby. Mauldeth Road train station is just an 18-minute walk away, offering excellent transport links to Manchester and Stockport, while bus routes connect the surrounding areas. Shops and supermarkets are also conveniently close by. This property truly offers a wealth of possibilities and is not to be missed!

Agent Details

Edward Mellor Ltd, Levenshulme

0161 524 5302

Next Steps?

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