2 Bed Semi-Detached House, Refurb/BRRR, Manchester, M11 2AT, £215,000

Beede Street, Manchester, M11 2AT - a month ago

Refurb/BRRR
ROI: 4%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£75K - £214K
Sold Prices/m²£973/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£100,300

 

 

End Value (After Refurb)

£200,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£28,800

Bridging Loan Interest

£5,644

Total Cash In

£102,644

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£200,500

Mortgage (After Refinance)

£150,375

Mortgage LTV

75%

Cash Left In

£102,644

Equity

£50,125

Rent Range

£700 - £2,950

Rent Estimate

£1,236

Running Costs/mo

£894

Cashflow/mo

£342

Cashflow/yr

£4,107

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £75K to £214K, average is £137.3K. £973/m² to £3.5K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£126.5K09/210.04 mi17, Herne Street, Manchester, Greater Manchester M11 2AJ2
£150K08/230.06 mi14, Winslow Street, Manchester, Greater Manchester M11 2AY2
£122K11/220.06 mi1, Winslow Street, Manchester, Greater Manchester M11 2AY2
£110K11/230.06 mi19, Winslow Street, Manchester, Greater Manchester M11 2AY2
£99K10/200.09 mi70, Wilson Street, Openshaw, Manchester, Greater Manchester M11 2AZ2
£100K10/230.09 mi70, Wilson Street, Openshaw, Manchester, Greater Manchester M11 2AZ2
£214K03/230.26 mi8, Walshaw Street, Manchester, Greater Manchester M11 3BF2
£101.5K11/210.34 mi12, Vincent Street, Manchester, Greater Manchester M11 2FU2
£105K03/230.34 mi12, Vincent Street, Manchester, Greater Manchester M11 2FU2
£130.1K02/230.36 mi17, Greenside Street, Manchester, Greater Manchester M11 2EX2
£200K01/240.41 mi1, Neenton Square, Manchester, Greater Manchester M12 5PT2
£138K11/210.42 mi15, Jobling Street, Manchester, Greater Manchester M11 3TA2
£85K02/210.42 mi28, Connie Street, Manchester, Greater Manchester M11 2JT2
£75K02/210.42 mi17, Connie Street, Manchester, Greater Manchester M11 2JT2
£110K05/230.42 mi2, Westbrook Square, Manchester, Greater Manchester M12 5PU2
£165K07/210.43 mi19, Kimbolton Close, Manchester, Greater Manchester M12 5PD2
£155K01/230.43 mi8, Kimbolton Close, Manchester, Greater Manchester M12 5PD2
£195K03/240.43 mi5, Kimbolton Close, Manchester, Greater Manchester M12 5PD2
£165K07/210.43 mi19, Kimbolton Close, Manchester, Greater Manchester M12 5PD2
£116K06/210.45 mi13, Romsley Close, Manchester, Greater Manchester M12 5PF2
£175K12/220.46 mi22, Kimbolton Close, Manchester, Greater Manchester M12 5PE2
£145K02/210.46 mi2, Gardner Street, Manchester, Greater Manchester M12 5PH2
£100K04/210.47 mi39, Meech Street, Manchester, Greater Manchester M11 2JJ2
£160K09/210.48 mi7, Ellenbrook Close, Manchester, Greater Manchester M12 5PB2
£160K09/210.48 mi7, Ellenbrook Close, Manchester, Greater Manchester M12 5PB2
£155K03/230.48 mi5, Ellenbrook Close, Manchester, Greater Manchester M12 5PB2
£75K07/220.49 mi59, Gorton Lane, Manchester, Greater Manchester M12 5WF2
£80K10/200.52 mi14, Timperley Street, Manchester, Greater Manchester M11 2JG2
£91.8K11/200.54 mi10, Meech Street, Manchester, Greater Manchester M11 2JL2
£84.5K10/200.55 mi15, Hovis Street, Manchester, Greater Manchester M11 2JD2
£190K06/210.55 mi20, Wynne Close, Manchester, Greater Manchester M11 3TR2
£175.8K07/230.61 mi28, Reading Close, Manchester, Greater Manchester M11 1UA2
£155K12/220.61 mi3, Bonchurch Walk, Manchester, Greater Manchester M18 8BP2
£133.5K10/200.62 mi31, Reading Close, Manchester, Greater Manchester M11 1PF2
£165K11/220.63 mi13, Bridgend Close, Manchester, Greater Manchester M12 5HE2
£170K09/210.67 mi89, Clowes Street, Manchester, Greater Manchester M12 5FY2
£210K05/240.68 mi22, Abbotsbury Close, Manchester, Greater Manchester M12 5EQ2
£137K10/230.69 mi9, Coatbridge Street, Manchester, Greater Manchester M11 4RL2
£199K12/230.7 mi165, Rylance Street, Manchester, Greater Manchester M11 3NA2
£135K01/240.71 mi35, Walsden Street, Manchester, Greater Manchester M11 4WJ2
£137.5K05/210.71 mi22, Walsden Street, Manchester, Greater Manchester M11 4WJ2
£140K10/230.71 mi37, Walsden Street, Manchester, Greater Manchester M11 4WJ2
£137.5K05/210.71 mi22, Walsden Street, Manchester, Greater Manchester M11 4WJ2
£163K06/230.71 mi665, Ashton New Road, Manchester, Greater Manchester M11 4QJ2
£94.5K11/200.72 mi40, Clayton Street, Manchester, Greater Manchester M11 4HA2
£118K04/210.73 mi66, Ranelagh Street, Manchester, Greater Manchester M11 4FX2
£88K03/210.74 mi16, Tottington Street, Manchester, Greater Manchester M11 4WT2
£93K03/210.74 mi65, Ilford Street, Manchester, Greater Manchester M11 4FL2
£146K01/230.76 mi7, Stanton Street, Manchester, Greater Manchester M11 4NH2
£117.5K07/230.76 mi29, Stanton Street, Manchester, Greater Manchester M11 4NH2

Local Rents

33 rents from £700/mo to £3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,39503/250.01 mi-2
£1,35012/240.07 mi-2
£1,25001/250.07 mi-2
£1,00002/240.1 mi-2
£1,10006/240.26 miWalshaw Street, Manchester, M112
£1,50005/240.32 mi-2
£1,10003/250.37 mi-2
£89505/240.38 miCuthbert Copse, 3 Greenside Street, Beswick, Manchester, M112
£89506/240.38 miCuthbert Copse, 3 Greenside Street, Beswick, Manchester, M112
£1,20005/240.39 miChassen Close, Manchester, M112
£1,20005/240.39 mi-2
£70005/240.43 miBeyers Bahn, Manchester2
£95005/240.44 miWestbrook Square, Manchester2
£90001/240.44 mi-2
£1,35001/250.45 mi-2
£1,40005/240.45 mi-2
£2,95001/240.45 mi-2
£89005/240.49 mi-2
£89005/240.49 mi-2
£89001/240.49 mi-2
£89005/240.49 mi-2
£89005/240.49 mi-2
£89005/240.49 mi-2
£1,09505/240.5 miSynergy 1, 425 Ashton Old Road, Beswick, Manchester, M11 2DL2
£1,29505/240.5 miSynergy 2, 427 Ashton Old Road, Beswick, Manchester, M11 2DL2
£1,09505/240.5 miSynergy 2, 427 Ashton Old Road, Beswick, Manchester, M11 2DL2
£1,09505/240.5 miSynergy 2, 427 Ashton Old Road, Beswick, Manchester, M11 2DL2
£1,80012/240.5 mi-2
£2,95012/240.5 mi-2
£1,05002/250.52 mi-2
£1,20003/250.55 miEccles Close, Manchester, M112
£1,10011/240.55 mi-2
£1,20006/240.56 miLawnswood Road, Gorton, Manchester2

Local Area Statistics

Population in M11

20,273

Population in Manchester

920,095

Town centre distance

2.86 miles away

Nearest school

0.20 miles away

Nearest train station

0.35 miles away

 

 

Rental growth (12m)

+112%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Price changed to £215,000

March 16, 2025

Listed for £230,000

March 6, 2025

Description

  • Freehold +
  • High rental yields +
  • W/C +
  • 2 Bedrooms +
  • Extended +
  • Full Refurb +
  • Parking +

Situated in the lively Clayton area, this delightful two-bedroom semi-detached house on Beede Street presents an outstanding investment opportunity. The property has been completely refurbished, featuring a spacious front reception room, dining room, and a brand-new kitchen. Enhancements include a modern kitchen and bathroom, freshly painted walls, new light fittings, and carpeting throughout.

This home offers off-street parking, with the potential to expand to accommodate two vehicles, and benefits from permit holder parking, ensuring the street is free from an overflow of parked cars. The location is highly desirable for investors seeking high rental yields and short-term rental possibilities.

Just a brief 10-minute drive from Manchester City Centre, the property is ideally located near Sportcity, the Etihad Stadium, and the COOP Live Arena. Residents will also appreciate the proximity to a large Asda supermarket and other local conveniences, making it a practical and attractive option for renters and owners alike. The area boasts a number of outstanding primary and secondary schools within a five-mile radius. Transport links, such as trams, are nearby, providing easy access to the city and other towns in Greater Manchester, including Ashton, Oldham, Rochdale, and Stockport.

EPC band: E Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, North West & Midlands

01525 659945

Next Steps?

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