3 Bed Terraced House, Refurb/BRRR, Manchester, M9 4EQ, £190,000

Clough Road, Manchester M9 4EQ - 2 views - 16 days ago

Refurb/BRRR
ROI: 6%
~93 m²
+14 photos

ValuationOvervalued

Sold Prices£60K - £300K
Sold Prices/m²£811/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£175,059

 

 

End Value (After Refurb)

£180,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£39,428

Bridging Loan Interest

£4,988

Total Cash In

£104,366

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£180,000

Mortgage (After Refinance)

£135,000

Mortgage LTV

75%

Cash Left In

£104,366

Equity

£45,000

Rent Range

£900 - £3,500

Rent Estimate

£1,347

Running Costs/mo

£852

Cashflow/mo

£495

Cashflow/yr

£5,941

ROI

6%

Gross Yield

9%

Local Sold Prices

50 sold prices from £60K to £300K, average is £164.5K. £811/m² to £3.4K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£160K08/210.03 mi13, Marlow Road, Manchester, Greater Manchester M9 4EG3
£120K03/210.04 mi28, Clough Road, Manchester, Greater Manchester M9 4EQ3
£161K01/210.05 mi12, Rossendale Avenue, Manchester, Greater Manchester M9 4FQ3
£150K11/200.07 mi6, Carron Avenue, Manchester, Greater Manchester M9 4FG3
£133K09/200.09 mi7, Hodge Street, Manchester, Greater Manchester M9 4FW3
£135K06/210.09 mi58, Gill Street, Manchester, Greater Manchester M9 4FZ3
£170K12/210.12 mi23, Woodleigh Street, Manchester, Greater Manchester M9 4ES3
£150K01/230.12 mi3, Woodleigh Street, Manchester, Greater Manchester M9 4ES3
£127K08/210.15 mi17, Edward Street, Manchester, Greater Manchester M9 4JD3
£205K07/230.18 mi76, Glen Avenue, Manchester, Greater Manchester M9 4EE3
£170K08/230.18 mi104, Glen Avenue, Manchester, Greater Manchester M9 4EU3
£185K12/200.18 mi37, Glen Avenue, Manchester, Greater Manchester M9 4EU3
£147.5K03/210.18 mi49, Nepaul Road, Manchester, Greater Manchester M9 4EA3
£240K07/230.2 mi4a, Oak Bank Avenue, Manchester, Greater Manchester M9 4EX3
£60K04/210.2 mi34, Brodick Street, Manchester, Greater Manchester M40 9WL3
£245K06/220.22 mi20, Ashville Terrace, Manchester, Greater Manchester M40 9NX3
£206K07/230.23 mi56, Leegrange Road, Manchester, Greater Manchester M9 4FA3
£205K07/230.23 mi3, Woodville Terrace, Manchester, Greater Manchester M40 9QH3
£185K03/210.23 mi3, Woodville Terrace, Manchester, Greater Manchester M40 9QH3
£140K02/210.24 mi17, Leywell Road, Manchester, Greater Manchester M9 4QR3
£159K08/210.26 mi19, Worsley Avenue, Manchester, Greater Manchester M40 9WA3
£120K10/200.27 mi50, Ebsworth Street, Manchester, Greater Manchester M40 9NE3
£170K11/200.28 mi24, Worsley Avenue, Manchester, Greater Manchester M40 9NA3
£164K06/210.31 mi4, Lentmead Drive, Manchester, Greater Manchester M40 9QG3
£165K01/210.32 mi12, Wildcroft Avenue, Manchester, Greater Manchester M40 9PF3
£152.5K07/210.32 mi21, Kenyon Lane, Manchester, Greater Manchester M40 9JG3
£155K02/230.33 mi35, Amos Street, Manchester, Greater Manchester M9 4WL3
£215K10/200.35 mi20, Carill Avenue, Manchester, Greater Manchester M40 9PX3
£250K04/220.35 mi24, Carill Avenue, Manchester, Greater Manchester M40 9PX3
£82.5K03/210.35 mi15, Roda Street, Manchester, Greater Manchester M9 4PP3
£63.5K12/200.36 mi5, Parkmount Road, Manchester, Greater Manchester M9 4AL3
£137K07/230.37 mi14, Stovell Road, Moston, Manchester, Greater Manchester M40 9LL3
£140K03/210.37 mi22, Ilkley Street, Manchester, Greater Manchester M40 9PD3
£141.5K06/230.37 mi28, Zeta Street, Manchester, Greater Manchester M9 4ZA3
£82K04/210.37 mi10, Railton Terrace, Manchester, Greater Manchester M9 4WE3
£190K05/230.38 mi27, Rosslyn Road, Moston, Manchester, Greater Manchester M40 9PE3
£198K11/210.38 mi42, Rosslyn Road, Moston, Manchester, Greater Manchester M40 9PE3
£300K07/220.38 mi22, Hinde Street, Manchester, Greater Manchester M40 5LW3
£105K08/210.39 mi4a, Wembury Street, Manchester, Greater Manchester M9 4JT3
£132K07/210.4 mi40, Lily Lane, Manchester, Greater Manchester M9 4PE3
£220K03/210.4 mi10, Kingsley Avenue, Manchester, Greater Manchester M9 4QL3
£175.3K04/210.4 mi51, Blue Bell Avenue, Manchester, Greater Manchester M40 9PS3
£235K11/220.4 mi18, Kingsley Avenue, Manchester, Greater Manchester M9 4QL3
£228K09/210.41 mi39, Tyndall Avenue, Manchester, Greater Manchester M40 9PL3
£287.5K10/230.41 mi19, Hillside Close, Manchester, Greater Manchester M40 9PQ3
£151K09/230.41 mi3, Stonehead Street, Manchester, Greater Manchester M9 4PN3
£235K05/230.42 mi17, Whernside Avenue, Manchester, Greater Manchester M40 9PN3
£228K09/210.42 mi39, Tyndall Avenue, Manchester, Greater Manchester M40 9PL3
£170K10/210.42 mi15, Margaret Ashton Close, Manchester, Greater Manchester M9 4PZ3
£210K10/230.43 mi24, Tyndall Avenue, Manchester, Greater Manchester M40 9PP3

Local Rents

51 rents from £900/mo to £3.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20001/250.04 mi-3
£1,32503/250.04 mi-3
£1,20003/250.04 mi-3
£1,27503/250.1 mi-3
£1,25002/250.1 mi-3
£1,20003/250.11 mi-3
£1,30005/240.11 mi-3
£1,19508/240.11 mi-3
£1,19507/240.11 miWoodleigh Street, Manchester, M93
£1,09512/240.11 mi-3
£1,10005/240.14 miGilmour Terrace, Manchester, M93
£1,25005/240.15 miGoodman Street, Manchester, M93
£1,25006/240.15 mi-3
£1,20005/240.18 mi-3
£1,40006/240.18 mi-3
£1,40006/240.18 mi-3
£1,15012/240.19 mi-3
£1,20008/240.2 mi-3
£1,20008/240.2 miCole Street, Manchester, M403
£1,25005/240.21 mi-3
£1,25005/240.21 mi-3
£1,20002/250.23 mi-3
£1,40006/240.23 mi-3
£1,30005/240.24 mi-3
£1,20005/240.24 miLeywell Road, Manchester3
£1,25007/240.25 miMapledon Road, Manchester, Greater Manchester, M93
£1,00001/250.28 mi-3
£3,50005/240.29 mi-3
£3,15009/240.29 mi-3
£3,15001/250.29 mi-3
£3,15001/250.29 mi-3
£1,49506/240.3 mi-3
£1,49508/240.3 mi-3
£1,69512/240.3 mi-3
£1,20009/240.31 mi-3
£90012/240.33 mi-3
£1,19503/250.35 mi-3
£1,15001/250.36 mi-3
£1,05006/240.37 mi-3
£1,30005/240.39 mi-3
£1,30005/240.39 mi-3
£1,09006/240.41 mi-3
£1,20008/240.44 miMoston Lane, Manchester3
£1,20009/240.45 mi-3
£1,20009/240.45 miMcconnell Road, Manchester, M403
£99504/240.46 mi-3
£1,15001/250.46 mi-3
£1,20012/240.46 mi-3
£1,15005/240.48 miClevedon Street, Manchester, M93
£1,15005/240.48 mi-3
£1,20003/250.5 mi-3

Local Area Statistics

Population in M9

39,412

Population in Manchester

920,095

Town centre distance

4.54 miles away

Nearest school

0.10 miles away

Nearest train station

1.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+45%

Sales demand

Seller's market

Capital growth (5yrs)

+60%

Property History

Listed for £190,000

March 5, 2025

Floor Plans

Description

  • NO CHAIN +
  • FREEHOLD +
  • IN NEED OF MODERNISATION +
  • EXPANSIVE REAR GARDEN +
  • OPEN PLAN ACCOMMODATION +
  • THREE WELL PROPORTIONED BEDROOMS +
  • IDEAL FOR A GROWING FAMILY +
  • CLOSE TO MANCHESTER CITY CENTRE +
  • EPC - C +
  • COUNCIL TAX BAND - A +

Hunters are thrilled to offer for sale this spacious and charming three bedroom mid terraced home, ideally located on Clough Road in the popular area of Blackley, Manchester, offered with no chain. Although the property is in need of modernisation, it is full of character and offers an excellent opportunity for buyers to make their mark, transforming it into a wonderful family home. With generous living spaces, a sizeable rear garden, and fantastic potential, this property is sure to capture the interest of anyone looking for a home to personalise and enjoy for years to come.

As you step through the welcoming hallway, you’ll immediately notice the expansive open plan lounge and dining area. This versatile space is perfect for family living and entertaining. The adjacent kitchen, though in need of updating, offers plenty of potential for those looking to create a contemporary space. Beyond the kitchen through French doors, a true highlight of the property is the large, well maintained rear garden.

Upstairs, the property features three well sized bedrooms, all offering excellent potential for customisation. The second bedroom, in particular, benefits from scenic views over the rear garden. The property also includes a shower room, ideal for family use.

To the front of the property, there is on road parking and a neatly presented yard area, adding to the home’s kerb appeal.

Located in the highly desirable area of Blackley, this property is ideally positioned within close proximity to local schools, a range of shops, and essential amenities. Excellent transport links are available, with easy access to the motorway network and just a short commute to Manchester City Centre.

With its desirable location and immense potential, early viewing is highly recommended to fully appreciate what this property has to offer. Don’t miss out on the chance to make this house your perfect home.

Tenure: Freehold
EPC Rating: C
Council Tax Band: A

Lounge/Dining Room - 7.19m x 3.80m (23'7" x 12'5") -

Kitchen - 1.70m x 4.71m (5'6" x 15'5") -

Bedroom One - 3.83m x 2.95m (12'6" x 9'8") -

Bedroom Two - 3.25m x 2.95m (10'7" x 9'8") -

Bedroom Three - 3.50 max x 2.95m (11'5" max x 9'8") -

Shower Room - 1.93m x 1.66m (6'3" x 5'5") -

Agent Details

Hunters, North Manchester

0161 524 4261

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪