3 Bed Semi-Detached House, Refurb/BRRR, Worsley, M28 3RR, £260,000

Portland Road, Worsley, Manchester, M28 3RR - 3 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+28 photos

ValuationOvervalued

Sold Prices£100.5K - £240K
Sold Prices/m²£1.1K/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2.8K/m²

Value Estimate

£183,553

 

 

End Value (After Refurb)

£189,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£9,500

Refurb Costs

£39,200

Bridging Loan Interest

£6,825

Total Cash In

£122,275

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£189,000

Mortgage (After Refinance)

£141,750

Mortgage LTV

75%

Cash Left In

£122,275

Equity

£47,250

Rent Range

£850 - £2,499

Rent Estimate

£1,162

Running Costs/mo

£843

Cashflow/mo

£319

Cashflow/yr

£3,828

ROI

3%

Gross Yield

5%

Local Sold Prices

50 sold prices from £100.5K to £240K, average is £170K. £1.1K/m² to £2.9K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£188K03/210.05 mi13, Windmill Road, Worsley, Manchester, Greater Manchester M28 3RP3
£132K12/210.07 mi24, Grosvenor Road, Worsley, Manchester, Greater Manchester M28 3RN3
£170K02/210.07 mi10, Grosvenor Road, Worsley, Manchester, Greater Manchester M28 3RN3
£150K06/210.14 mi70, St Marys Road, Worsley, Manchester, Greater Manchester M28 3RF3
£173.5K11/200.15 mi48, Algernon Road, Worsley, Manchester, Greater Manchester M28 3RE3
£182.5K08/230.15 mi58, Algernon Road, Worsley, Manchester, Greater Manchester M28 3RE3
£172K01/210.16 mi13, Westmeade Road, Worsley, Manchester, Greater Manchester M28 3GG3
£192K07/240.16 mi24, Westmeade Road, Worsley, Manchester, Greater Manchester M28 3GG3
£160K05/210.16 mi1, Algernon Road, Worsley, Manchester, Greater Manchester M28 3RD3
£193K09/210.18 mi8, Hope Avenue, Little Hulton, Manchester, Greater Manchester M38 9NE3
£240K12/220.18 mi5, Jackson Street, Worsley, Manchester, Greater Manchester M28 3RH3
£215K12/220.19 mi24, Mountain Street, Worsley, Manchester, Greater Manchester M28 3RB3
£175K01/230.19 mi30, Windsor Avenue, Little Hulton, Manchester, Greater Manchester M38 9GB3
£120K12/200.2 mi3, Trafford Drive, Little Hulton, Manchester, Greater Manchester M38 9QA3
£194K09/220.21 mi25, Trafford Drive, Little Hulton, Manchester, Greater Manchester M38 9QA3
£229.4K02/230.21 mi42, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY3
£180K11/230.23 mi8, Trafford Drive, Little Hulton, Manchester, Greater Manchester M38 9GD3
£162K06/210.24 mi34, Ellesmere Street, Little Hulton, Manchester, Greater Manchester M38 9NH3
£235K11/200.24 mi39, Ashton Field Drive, Worsley, Manchester, Greater Manchester M28 3RT3
£175K11/210.25 mi19, St John Street, Worsley, Manchester, Greater Manchester M28 3RX3
£175K09/230.26 mi24, Plantation Avenue, Worsley, Manchester, Greater Manchester M28 3GY3
£183K07/210.27 mi13, Hirst Avenue, Worsley, Manchester, Greater Manchester M28 3QH3
£185K09/220.28 mi18, Seedley Avenue, Little Hulton, Manchester, Greater Manchester M38 9LZ3
£170K12/230.28 mi22, Seedley Avenue, Little Hulton, Manchester, Greater Manchester M38 9LZ3
£147.5K06/210.3 mi17, Irwell Avenue, Little Hulton, Manchester, Greater Manchester M38 9GG3
£172K07/210.3 mi48, Brackley Street, Worsley, Manchester, Greater Manchester M28 3GX3
£192K06/240.3 mi52, Brackley Street, Worsley, Manchester, Greater Manchester M28 3GX3
£192K05/240.3 mi48, Brackley Street, Worsley, Manchester, Greater Manchester M28 3GX3
£135K06/210.32 mi10, Langworthy Avenue, Little Hulton, Manchester, Greater Manchester M38 9GQ3
£128K02/210.32 mi11, Adelphi Drive, Little Hulton, Manchester, Greater Manchester M38 9QT3
£150K12/230.36 mi130, Eastham Way, Little Hulton, Manchester, Greater Manchester M38 9QE3
£180K08/220.37 mi38, Crescent Drive, Little Hulton, Manchester, Greater Manchester M38 9QH3
£141.1K04/210.38 mi15, Ellesmere Street, Little Hulton, Manchester, Greater Manchester M38 9WJ3
£150K03/210.38 mi1, Buile Hill Grove, Little Hulton, Manchester, Greater Manchester M38 9GT3
£135K01/210.38 mi11, Burns Road, Little Hulton, Manchester, Greater Manchester M38 9QW3
£117K01/210.4 mi145, Eastham Way, Little Hulton, Manchester, Greater Manchester M38 9QF3
£165K07/220.4 mi143, Eastham Way, Little Hulton, Manchester, Greater Manchester M38 9QF3
£140K11/200.4 mi11, Farndale Square, Worsley, Manchester, Greater Manchester M28 3ZB3
£195K12/220.42 mi3, Wingate Road, Little Hulton, Manchester, Greater Manchester M38 9PP3
£185K08/220.42 mi12, Wingate Road, Little Hulton, Manchester, Greater Manchester M38 9PP3
£135K12/200.42 mi19, Wingate Road, Little Hulton, Manchester, Greater Manchester M38 9PP3
£185K01/210.43 mi4, Broughton Avenue, Little Hulton, Manchester, Greater Manchester M38 9GW3
£145K08/220.43 mi7, Greenfield Road, Little Hulton, Manchester, Greater Manchester M38 9PF3
£148K08/230.45 mi205, Worsley Road North, Worsley, Manchester, Greater Manchester M28 3QJ3
£143K02/230.45 mi35, Coniston Avenue, Little Hulton, Manchester, Greater Manchester M38 9NY3
£115K04/210.46 mi25, Coniston Avenue, Little Hulton, Manchester, Greater Manchester M38 9NY3
£130K04/210.46 mi47, Coniston Avenue, Little Hulton, Manchester, Greater Manchester M38 9NY3
£145K03/230.47 mi19, Graymar Road, Little Hulton, Manchester, Greater Manchester M38 9PB3
£100.5K12/200.47 mi21, Falcon Drive, Little Hulton, Manchester, Greater Manchester M38 9SN3
£160K11/220.47 mi279, Cleggs Lane, Little Hulton, Manchester, Greater Manchester M38 9NJ3

Local Rents

51 rents from £850/mo to £2.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,05005/240.12 mi2 Charlton Fold3
£1,05004/250.13 mi-3
£1,10008/240.18 mi-3
£1,10011/240.19 mi-3
£1,10007/240.2 mi-3
£1,00006/240.2 miMountain Street, Worsley, Manchester, M283
£1,05002/240.2 mi-3
£1,05005/240.2 miMountain Street, Worsley, Manchester, M283
£99505/240.23 miBolton Road, Walkden, Greater Manchester3
£1,10001/240.25 mi-3
£1,25005/240.27 miHirst Avenue, M283
£1,20005/240.28 miSeedley Avenue, Little Hulton, M383
£1,25005/240.29 miHirst Avenue, Worsley, Manchester, Greater Manchester, M283
£1,40003/250.29 mi-3
£1,05003/250.29 mi-3
£1,00005/240.31 mi-3
£99507/240.33 mi-3
£2,49905/240.36 mi-3
£95005/240.36 miNewholme Gardens, Worsley, Manchester3
£90005/240.39 mi-3
£99507/240.41 miBurns Road, Little Hulton, Manchester, Greater Manchester, M383
£1,35008/240.41 mi-3
£1,35007/240.41 miGrayson Road, Little Hulton, Manchester, M383
£1,35007/240.41 miGrayson Road, Little Hulton, Manchester, M383
£1,27504/250.41 mi-3
£1,20001/250.41 mi-3
£97501/240.42 mi-3
£99504/250.42 mi-3
£1,40005/240.44 miJenny Street M283
£1,30008/240.47 mi-3
£1,20008/240.47 mi-3
£1,20003/250.49 mi-3
£1,17504/250.49 mi-3
£1,50003/250.49 mi-3
£1,50003/250.49 mi-3
£95005/240.49 miWestland Avenue, Farnworth3
£1,20012/240.5 mi-3
£95002/250.52 mi-3
£1,00004/250.52 mi-3
£99508/230.52 mi-3
£1,50005/240.53 mi-3
£1,55003/250.53 mi-3
£87505/240.54 miBeechfield Avenue, Little Hulton, Manchester, M383
£1,10006/240.54 miLaurel Drive, M383
£1,10007/240.54 mi-3
£1,29505/240.55 miReynolds Place, Worsley, M283
£1,10008/240.55 miThirmere Drive, Manchester, M383
£1,10009/240.55 mi-3
£85005/240.56 miConiston Avenue, Little Hulton, M383
£1,00005/240.59 miConiston Avenue, Little Hulton, Manchester, M383
£1,00007/240.59 mi-3

Local Area Statistics

Population in M28

39,097

Town centre distance

1.20 miles away

Nearest school

0.20 miles away

Nearest train station

0.98 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £260,000

February 28, 2025

Floor Plans

Description

  • Extended Freehold Semi-Detached Property +
  • Brimming With Potential +
  • Scenic Park Views To The Front +
  • Spacious Living Room, Bay Fronted Dining Room, Large Kitchen & Guest WC +
  • Three Bedrooms & Family Shower Room +
  • Extensive Westerly Facing Rear Garden +
  • Front Lawn, Driveway & Garage +
  • Walking Distance Into Walkden Town Centre +

Discover The Potential Of This Extended Freehold Semi-Detached Property On Portland Road, In Worsley. It may need a spot of modernisation, but is brimming with potential. Nestled within a huge westerly facing plot and with scenic park views to the front this is a rare find! The ground floor hosts a spacious living room, graced with a warm gas fireplace and sliding patio doors that open to the rear patio. The dining room boasts a bay window with park views providing ample natural light, and a kitchen equipped with wooden units, built-in storage and double-aspect windows illuminates the space. A private garage adds value, along with a convenient WC. Upstairs boasts two spacious double bedrooms, a third single bedroom all with fitted wardrobes with a shower room featuring underfloor heating. The landing provides access the loft. The extensive rear garden is a gardener's paradise that includes a storage shed and greenhouse. The house is accompanied by a front lawn and a driveway offering ample parking space. This delightful home is ideally situated close to conveniences such as Walkden Town Centre, Tesco Extra and parks including St Mary's Park and Blackleach Country Park. Bolton and Manchester are easily accessible, courtesy of convenient bus routes and the close proximity to the M61. Additionally, educational needs are catered for by the proximate North Walkden Primary School. The property comes with freehold tenure and no onward chain…do not miss out!

Agent Details

Sell Well, Worsley

0161 524 2355

Next Steps?

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