3 Bed Terraced House, Refurb/BRRR, Manchester, M19 2UD, £250,000

Broom Avenue, Manchester, M19 2UD - 1 views - a month ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 2%
~93 m²
+22 photos

ValuationFair Value

Sold Prices£80K - £420.3K
Sold Prices/m²£513/m² - £4.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£253,303

 

 

End Value (After Refurb)

£263,370

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Refurb Costs

£39,200

Bridging Loan Interest

£6,563

Total Cash In

£123,713

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£263,370

Mortgage (After Refinance)

£197,528

Mortgage LTV

75%

Cash Released

£10,028

Cash Left In

£113,685

Equity

£65,843

Rent Range

£1,050 - £2,700

Rent Estimate

£1,370

Running Costs/mo

£1,117

Cashflow/mo

£253

Cashflow/yr

£3,036

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £80K to £420.3K, average is £235.3K. £513/m² to £4.2K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£235K08/210.03 mi10, Wellgate Avenue, Manchester, Greater Manchester M19 2UG3
£250K01/230.03 mi21, Bowler Street, Levenshulme, Manchester, Greater Manchester M19 2TZ3
£230K06/210.03 mi17, Bowler Street, Levenshulme, Manchester, Greater Manchester M19 2TZ3
£240K06/230.03 mi15, Bowler Street, Levenshulme, Manchester, Greater Manchester M19 2TZ3
£200K02/240.03 mi5, Wellgate Avenue, Manchester, Greater Manchester M19 2UG3
£209K11/230.06 mi36, Bowler Street, Levenshulme, Manchester, Greater Manchester M19 2TY3
£220K10/200.08 mi97, Bowler Street, Levenshulme, Manchester, Greater Manchester M19 2UA3
£230K03/230.1 mi11, Tonbridge Road, Manchester, Greater Manchester M19 2TQ3
£250K04/210.11 mi8, Bristol Avenue, Manchester, Greater Manchester M19 3NU3
£286.5K02/230.11 mi3, Danforth Grove, Manchester, Greater Manchester M19 2TD3
£198K04/210.11 mi10, Danforth Grove, Manchester, Greater Manchester M19 2TD3
£305K10/230.11 mi21, Danforth Grove, Manchester, Greater Manchester M19 2TD3
£260K04/230.12 mi7, Kersh Avenue, Manchester, Greater Manchester M19 2SW3
£212K10/210.12 mi3, Kersh Avenue, Manchester, Greater Manchester M19 2SW3
£190K11/210.14 mi19, Lostock Avenue, Manchester, Greater Manchester M19 3QJ3
£210K11/200.15 mi118, Broom Lane, Manchester, Greater Manchester M19 3LJ3
£325K02/230.15 mi40, Langdale Avenue, Manchester, Greater Manchester M19 3WS3
£420.3K07/230.16 mi2, Gloucester Avenue, Manchester, Greater Manchester M19 3WT3
£247.6K06/210.17 mi82, Delamere Road, Manchester, Greater Manchester M19 3WR3
£165K12/210.18 mi47, Henderson Street, Manchester, Greater Manchester M19 2QR3
£235.5K11/200.2 mi27, Henderson Street, Manchester, Greater Manchester M19 2GQ3
£270K01/230.2 mi5, Lincoln Avenue, Manchester, Greater Manchester M19 3LA3
£139.9K01/230.2 mi1138, Stockport Road, Manchester, Greater Manchester M19 2TJ3
£261K02/230.21 mi99, Henderson Street, Manchester, Greater Manchester M19 2QT3
£317.5K08/230.21 mi20, Langdale Avenue, Manchester, Greater Manchester M19 3NT3
£218K01/210.21 mi33, Langdale Avenue, Manchester, Greater Manchester M19 3NT3
£240K03/210.22 mi31, Wray Gardens, Levenshulme, Manchester, Greater Manchester M19 3HA3
£265K12/220.22 mi119, Henderson Street, Manchester, Greater Manchester M19 2QT3
£238.8K03/210.23 mi48, Delamere Road, Manchester, Greater Manchester M19 3NQ3
£190K11/200.23 mi117, Henderson Street, Manchester, Greater Manchester M19 2QT3
£256.6K06/210.23 mi85, Henderson Street, Manchester, Greater Manchester M19 2QT3
£248K10/230.23 mi131, Henderson Street, Manchester, Greater Manchester M19 2QT3
£228K05/210.23 mi8, Gordon Avenue, Manchester, Greater Manchester M19 3WG3
£216K06/210.23 mi12, Gordon Avenue, Manchester, Greater Manchester M19 3WG3
£267K06/210.23 mi1, Poplar Avenue, Manchester, Greater Manchester M19 2GS3
£311K02/230.24 mi31, Hawley Street, Levenshulme, Manchester, Greater Manchester M19 2QS3
£270K01/230.24 mi15, Pascal Street, Manchester, Greater Manchester M19 3WW3
£221.5K12/230.24 mi19, Pascal Street, Manchester, Greater Manchester M19 3WW3
£170K03/210.25 mi227, Broom Lane, Manchester, Greater Manchester M19 3LX3
£80K06/210.25 mi43, Cringle Road, Manchester, Greater Manchester M19 2RP3
£210K03/210.25 mi34, Garfield Avenue, Manchester, Greater Manchester M19 3LF3
£234K06/230.25 mi16, Garfield Avenue, Manchester, Greater Manchester M19 3LF3
£200K03/230.26 mi60, Livesey Street, Levenshulme, Manchester, Greater Manchester M19 2GU3
£247K10/200.26 mi178, Broom Lane, Manchester, Greater Manchester M19 3LY3
£242K03/210.26 mi16, Eastholme Drive, Manchester, Greater Manchester M19 2QU3
£207K02/210.26 mi27, Eastholme Drive, Manchester, Greater Manchester M19 2QU3
£233K04/210.26 mi29, Stanhope Street, Manchester, Greater Manchester M19 3WQ3
£248K03/210.26 mi3, Stanhope Street, Manchester, Greater Manchester M19 3WQ3
£230K11/200.26 mi24, Stanhope Street, Manchester, Greater Manchester M19 3WQ3
£295K12/220.27 mi11, Eastholme Drive, Manchester, Greater Manchester M19 2QU3

Local Rents

49 rents from £1.1K/mo to £2.7K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,50004/250.12 mi-3
£1,40002/240.2 mi-3
£1,25006/240.21 miLangdale Avenue, Levenshulme, Manchester, M193
£1,30011/240.22 mi-3
£1,30011/240.22 mi-3
£1,50005/240.23 mi-3
£1,05012/240.25 mi-3
£1,20001/240.25 mi-3
£1,30005/240.25 miGarfield Avenue, Manchester, Greater Manchester, M193
£1,68006/240.25 mi-3
£1,68005/240.25 miDelamere Road, Manchester, M193
£1,30005/240.26 miMilford Drive, M19 2RY3
£1,51712/240.26 mi-3
£1,50005/240.26 miDelamere Road, Manchester, M193
£1,30012/240.26 mi-3
£1,65006/240.29 miWoodland Road, Manchester3
£1,65012/240.34 mi-3
£1,45012/240.36 mi-3
£1,59505/240.36 miCromwell Grove, Manchester, Greater Manchester, M193
£1,30005/240.37 mi-3
£1,39505/240.38 miWestminster Street, Levenshulme, Manchester3
£1,40005/240.38 miMontreal Street, M19 3BY3
£1,35005/240.4 miRushmere Avenue, Levenshulme, Manchester, M193
£1,39512/240.4 mi-3
£1,30006/240.41 miKing Edward Street, Manchester3
£2,70003/250.41 mi-3
£1,25005/240.42 mi-3
£1,35004/250.42 mi-3
£1,25005/240.42 miForest Range, Manchester, M193
£1,40002/250.42 mi-3
£1,80003/250.43 mi-3
£1,19505/240.46 miSt Marks Street, Levenshulme3
£1,30005/240.46 miSt. Marks Street, Levenshulme, Manchester, M193
£1,50008/240.48 mi-3
£1,30005/240.49 miAlbert Road, Manchester, M19 2FP3
£1,49505/240.5 miAlbert Road, Manchester, Greater Manchester, M193
£1,25012/240.53 mi-3
£1,40005/240.54 miPeter Moss Way, Manchester, M193
£1,25012/240.54 mi-3
£1,25005/240.54 miAlbert Road, Manchester, M193
£1,25006/240.54 miAlbert Road, Manchester, M193
£1,25005/240.56 miLonsdale Road, Manchester, M193
£1,25009/240.56 miHolcombe Walk, Stockport, SK43
£1,40005/240.57 miAudley Road, Manchester M19 3EG3
£1,35005/240.6 mi-3
£1,35005/240.6 miAlbert Road, Manchester, M193
£1,40012/240.61 mi-3
£1,19505/240.61 miBelvoir Avenue, Manchester, Greater Manchester, M193
£1,10012/240.62 mi-3

Local Area Statistics

Population in M19

34,838

Population in Manchester

920,095

Town centre distance

2.92 miles away

Nearest school

0.10 miles away

Nearest train station

0.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £250,000

March 7, 2025

Description

  • Close to Highfield Country Park +
  • Ideal For The Commuter Routes +
  • In Need Of Cosmetic Updating +
  • Sought After Location +
  • Four Piece Modern Bathroom +
  • Stunning 40+ Foot Garden +
  • Three Bedrooms +
  • Quiet Location +

We are delighted to bring to the property market this well proportioned period mid terraced property which has a generous garden area to the rear, three well proportioned bedrooms and a modern bathroom with a four piece suite. The property is situated on a quiet road opposite the day nursery and adjacent to the primary school, and still within walking distance of all the local quirky shops, bars and eateries, along with the excellent commuter routes and catchment to the fabulous local schools. Internally the property offers well proportioned living space and is in need of some cosmetic updating.

In brief the property comprises, entrance vestibule, entrance hall, living room with bay window, dining room and kitchen. Upstairs the property has three bedrooms serviced by a generous modern bathroom which comprises a four piece suite. To the front the property is enclosed by a low wall and to the rear is a patio area with brick out building and a generous garden stretching 40+ feet which is mainly laid to lawn with a patio area, stocked borders and mature planting.  First to see will Buy... 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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