3 Bed Semi-Detached House, Refurb/BRRR, Leigh, WN7 2TJ, £210,000

Teesdale Drive, Leigh, WN7 2TJ - 3 views - 2 months ago

Sold STC
Refurb/BRRR
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£90K - £405K
Sold Prices/m²£1K/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£198,361

 

 

End Value (After Refurb)

£220,632

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£11,700

Refurb Costs

£39,200

Bridging Loan Interest

£5,513

Total Cash In

£110,663

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£220,632

Mortgage (After Refinance)

£165,474

Mortgage LTV

75%

Cash Released

£7,974

Cash Left In

£102,689

Equity

£55,158

Rent Range

£700 - £1,095

Rent Estimate

£910

Running Costs/mo

£891

Cashflow/mo

£19

Cashflow/yr

£222

ROI

0%

Gross Yield

5%

Local Sold Prices

49 sold prices from £90K to £405K, average is £195K. £1K/m² to £3.6K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£300K06/240.03 mi17, Wash Lane, Leigh, Greater Manchester WN7 2TE3
£285K02/210.07 mi29c, Green Lane, Leigh, Greater Manchester WN7 2TL3
£187.5K06/210.1 mi2, Princes Gardens, Leigh, Greater Manchester WN7 2JQ3
£300K06/230.1 mi21, Wensleydale Road, Leigh, Greater Manchester WN7 2HX3
£173K02/210.1 mi5, Melverley Drive, Leigh, Greater Manchester WN7 2HZ3
£308K01/240.1 mi52, Kenwood Avenue, Leigh, Greater Manchester WN7 2LP3
£315K08/210.12 mi21, Thorneycroft, Leigh, Greater Manchester WN7 2TH3
£160K04/210.14 mi6, Queens Gardens, Leigh, Greater Manchester WN7 2JH3
£178K05/210.14 mi8, Green Lane, Leigh, Greater Manchester WN7 2TD3
£190K07/230.14 mi16, Green Lane, Leigh, Greater Manchester WN7 2TD3
£330K03/230.14 mi20, Green Lane, Leigh, Greater Manchester WN7 2TD3
£310K06/230.15 mi30, Kenwood Avenue, Leigh, Greater Manchester WN7 2LN3
£207.5K06/240.16 mi10, Mallory Drive, Leigh, Greater Manchester WN7 2HY3
£90K07/240.18 mi505, Holden Road, Leigh, Greater Manchester WN7 2JJ3
£233K03/230.18 mi483, Holden Road, Leigh, Greater Manchester WN7 2JJ3
£135K08/230.21 mi112, Ennerdale Road, Leigh, Greater Manchester WN7 2TB3
£235K08/210.23 mi18, Penleach Avenue, Leigh, Greater Manchester WN7 2HJ3
£205K06/240.23 mi5, Greenshank Close, Leigh, Greater Manchester WN7 2GG3
£184K04/230.23 mi67, Ennerdale Road, Leigh, Greater Manchester WN7 2TA3
£249K04/210.25 mi145, Manchester Road, Leigh, Greater Manchester WN7 2LL3
£405K09/230.25 mi3, Clough House Drive, Leigh, Greater Manchester WN7 2GD3
£204K02/210.25 mi41, Clough House Drive, Leigh, Greater Manchester WN7 2GD3
£375K03/230.25 mi11, Clough House Drive, Leigh, Greater Manchester WN7 2GD3
£172.5K12/200.25 mi41, Hawkhurst Park, Leigh, Greater Manchester WN7 2TG3
£156K08/230.29 mi85, Manchester Road, Leigh, Greater Manchester WN7 2LE3
£105K06/210.29 mi22, Edale Road, Leigh, Greater Manchester WN7 2BD3
£91K04/210.29 mi6, Edale Road, Leigh, Greater Manchester WN7 2BD3
£380K04/210.31 mi119, Green Lane, Leigh, Greater Manchester WN7 2TW3
£230K06/230.33 mi32, Queensway, Leigh, Greater Manchester WN7 2TR3
£275K01/230.35 mi34, Linnet Drive, Leigh, Greater Manchester WN7 2GE3
£270K09/210.36 mi318, Holden Road, Leigh, Greater Manchester WN7 2HG3
£179.9K04/210.4 mi4, Coltsfoot Close, Leigh, Greater Manchester WN7 2HE3
£173K12/200.4 mi2, Coltsfoot Close, Leigh, Greater Manchester WN7 2HE3
£110K05/210.4 mi18, Balmoral Drive, Leigh, Greater Manchester WN7 2TX3
£120K05/230.4 mi39, Balmoral Drive, Leigh, Greater Manchester WN7 2TX3
£282K10/230.4 mi41, Priestfields, Leigh, Greater Manchester WN7 2RG3
£195K05/210.4 mi16, Bellamy Drive, Leigh, Greater Manchester WN7 2JE3
£206K05/210.41 mi22, Sandersons Croft, Leigh, Greater Manchester WN7 2BA3
£114K07/230.41 mi15, Clifford Street, Leigh, Greater Manchester WN7 2BS3
£145K11/210.42 mi14, Boundary Street, Leigh, Greater Manchester WN7 2AT3
£191K05/210.42 mi5, Bellamy Drive, Leigh, Greater Manchester WN7 2JE3
£168.5K01/210.43 mi95, Sandersons Croft, Leigh, Greater Manchester WN7 2BB3
£193K09/230.43 mi89, Sandersons Croft, Leigh, Greater Manchester WN7 2BB3
£189.9K04/210.44 mi4, Halstead Grove, Leigh, Greater Manchester WN7 2JN3
£107K12/200.45 mi19, Royal Drive, Leigh, Greater Manchester WN7 2TY3
£132K09/230.45 mi21, Lingard Street, Leigh, Greater Manchester WN7 2AQ3
£305K01/210.45 mi18, Elmridge, Leigh, Greater Manchester WN7 1HN3
£297.5K05/210.45 mi38, Elmridge, Leigh, Greater Manchester WN7 1HN3
£205K07/240.46 mi6, Fairclough Park Drive, Leigh, Greater Manchester WN7 2EL3

Local Rents

11 rents from £700/mo to £1.1K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£99502/250.2 mi-3
£1,09511/240.25 mi-3
£92511/240.26 miManchester Road, Leigh3
£87511/240.41 mi-3
£97502/250.41 mi-3
£85011/240.44 mi-3
£95012/240.49 mi-3
£70002/250.54 mi-3
£89502/250.57 mi-3
£85003/250.58 mi-3
£89511/240.6 mi-3

Local Area Statistics

Population in WN7

47,819

Town centre distance

188.42 miles away

Nearest school

0.40 miles away

Nearest train station

2.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £210,000

March 6, 2025

Floor Plans

Description

  • Three Bedroom Semi-Detached Property +
  • Two Reception Rooms +
  • In need of modernisation +
  • Sought after cul de sac +
  • Driveway and Garage +

The property is in need of modernisation, making it an ideal project for families or investors alike. On entry, a porch leads into the welcoming entrance hallway, giving access to the lounge and dining room, which opens out into the kitchen. A side door provides access to the garage and rear garden, offering excellent potential for extension (subject to planning). The first floor hosts three well-proportioned bedrooms and a four-piece family bathroom, completing the accommodation. Externally, the property benefits from a driveway, garage, and a generous rear garden, offering plenty of outdoor space. With excellent transport links, local amenities, and schools nearby, this property is brimming with potential and is not to be missed! Offered with no onward chain – early viewing advised! Tenure- Freehold Council Tax Band- C

Agent Details

Ashtons Estate Agency, Leigh

01942 949067

Next Steps?

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