2 Bed Terraced House, Refurb/BRRR, Manchester, M11 4WT, £120,000

11 Tottington Street, Manchester - 3 views - 19 days ago

Sold STC
Cash
Refurb/BRRR
ROI: 5%
80 m²
+10 photos

ValuationFair Value

Sold Prices£40K - £240K
Sold Prices/m²£513/m² - £4.4K/m²

 

 

Square Metres

80.16 m²
Price/m²£1.5K/m²

Value Estimate

£120,245

 

 

End Value (After Refurb)

£143,197

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£33,895

Bridging Loan Interest

£3,150

Total Cash In

£75,995

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£143,197

Mortgage (After Refinance)

£107,398

Mortgage LTV

75%

Cash Released

£17,398

Cash Left In

£58,597

Equity

£35,799

Rent Range

£795 - £1,900

Rent Estimate

£1,015

Running Costs/mo

£670

Cashflow/mo

£345

Cashflow/yr

£4,134

ROI

5%

Gross Yield

10%

Local Sold Prices

50 sold prices from £40K to £240K, average is £132.8K. £513/m² to £4.4K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£88K03/210 mi16, Tottington Street, Manchester, Greater Manchester M11 4WT2
£145K08/230.03 mi13, Stanton Street, Manchester, Greater Manchester M11 4NH2
£146K01/230.03 mi7, Stanton Street, Manchester, Greater Manchester M11 4NH2
£117.5K07/230.03 mi29, Stanton Street, Manchester, Greater Manchester M11 4NH2
£135K01/240.03 mi35, Walsden Street, Manchester, Greater Manchester M11 4WJ2
£137.5K05/210.03 mi22, Walsden Street, Manchester, Greater Manchester M11 4WJ2
£140K10/230.03 mi37, Walsden Street, Manchester, Greater Manchester M11 4WJ2
£137.5K05/210.03 mi22, Walsden Street, Manchester, Greater Manchester M11 4WJ2
£137K10/230.07 mi9, Coatbridge Street, Manchester, Greater Manchester M11 4RL2
£110K02/210.11 mi174, Barrington Street, Manchester, Greater Manchester M11 4ED2
£130K09/230.11 mi166, Barrington Street, Manchester, Greater Manchester M11 4ED2
£175K06/230.12 mi36, North Road, Manchester, Greater Manchester M11 4NG2
£130K09/210.12 mi149, Barrington Street, Manchester, Greater Manchester M11 4FB2
£107K11/200.12 mi177, Barrington Street, Manchester, Greater Manchester M11 4FB2
£157.5K02/230.12 mi201, Barrington Street, Manchester, Greater Manchester M11 4FB2
£115K09/230.12 mi189, Barrington Street, Manchester, Greater Manchester M11 4FB2
£110K03/230.12 mi193, Barrington Street, Manchester, Greater Manchester M11 4FB2
£163K06/230.14 mi665, Ashton New Road, Manchester, Greater Manchester M11 4QJ2
£175K02/230.18 mi28, Vale Street, Manchester, Greater Manchester M11 4WG2
£100K05/230.19 mi31, Powell Street, Clayton, Manchester, Greater Manchester M11 4GA2
£94.5K11/200.2 mi40, Clayton Street, Manchester, Greater Manchester M11 4HA2
£185K08/230.23 mi7, Strathfield Drive, Manchester, Greater Manchester M11 4HB2
£40K03/210.24 mi33, Stokes Street, Manchester, Greater Manchester M11 4SJ2
£125K04/210.27 mi30, Glenolden Street, Manchester, Greater Manchester M11 4PT2
£170K10/220.29 mi114, Seymour Road South, Manchester, Greater Manchester M11 4PS2
£93K03/210.31 mi65, Ilford Street, Manchester, Greater Manchester M11 4FL2
£118K04/210.33 mi66, Ranelagh Street, Manchester, Greater Manchester M11 4FX2
£132K07/210.41 mi469, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6JN2
£135K03/210.41 mi31, Dargai Street, Manchester, Greater Manchester M11 4PW2
£125K08/230.41 mi51, Dargai Street, Manchester, Greater Manchester M11 4PW2
£165K05/230.43 mi512, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6JW2
£175.8K07/230.43 mi28, Reading Close, Manchester, Greater Manchester M11 1UA2
£113K03/210.45 mi348, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6JJ2
£121K11/200.45 mi350, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6JJ2
£173K02/230.47 mi60, Hamnett Street, Droylsden, Manchester, Greater Manchester M43 6LW2
£133.5K10/200.47 mi31, Reading Close, Manchester, Greater Manchester M11 1PF2
£176.2K12/220.48 mi528, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6JQ2
£150K08/210.49 mi317, Edge Lane, Droylsden, Manchester, Greater Manchester M43 6LU2
£85K02/210.51 mi28, Connie Street, Manchester, Greater Manchester M11 2JT2
£75K02/210.51 mi17, Connie Street, Manchester, Greater Manchester M11 2JT2
£160K08/230.51 mi460, Manchester Road, Droylsden, Manchester, Greater Manchester M43 6QZ2
£80K10/200.51 mi14, Timperley Street, Manchester, Greater Manchester M11 2JG2
£100K04/210.53 mi39, Meech Street, Manchester, Greater Manchester M11 2JJ2
£240K05/210.53 mi6, Chatsworth Close, Droylsden, Manchester, Greater Manchester M43 6BZ2
£178K10/230.54 mi3, Godfrey Avenue, Droylsden, Manchester, Greater Manchester M43 6JR2
£91.8K11/200.56 mi10, Meech Street, Manchester, Greater Manchester M11 2JL2
£117.5K04/210.6 mi34, Buckingham Road, Droylsden, Manchester, Greater Manchester M43 6WF2
£181.5K06/230.61 mi114, Lewis Road, Droylsden, Manchester, Greater Manchester M43 6NP2
£84.5K10/200.63 mi15, Hovis Street, Manchester, Greater Manchester M11 2JD2
£147K03/210.66 mi22, Holmlea Road, Droylsden, Manchester, Greater Manchester M43 6WG2

Local Rents

29 rents from £795/mo to £1.9K/mo, average is £975/mo.

RentDateDistanceAddressBeds 
£92503/250.02 mi-2
£1,05012/240.03 mi-2
£1,90005/240.03 mi-2
£1,30003/250.03 mi-2
£89505/240.1 mi-2
£99505/240.15 miAshton New Road, Manchester, M112
£1,02503/250.16 mi-2
£85004/240.2 mi-2
£99505/240.24 miStokes Street, Manchester, M112
£95001/240.33 mi-2
£97505/240.33 mi-2
£1,00003/250.33 mi-2
£87512/240.35 mi-2
£1,20003/250.38 mi-2
£1,20002/250.38 mi-2
£1,10001/250.39 mi-2
£92512/240.43 mi-2
£79505/240.43 miEdge Lane, Manchester2
£1,15005/240.47 miRonald Street, Manchester, M112
£97508/240.47 miHamnett Street, Droylsden, Manchester, M432
£97503/250.48 mi-2
£89005/240.5 mi-2
£89005/240.5 mi-2
£89001/240.5 mi-2
£89005/240.5 mi-2
£89005/240.5 mi-2
£89005/240.5 mi-2
£1,10011/240.58 mi-2
£80003/250.62 mi-2

Local Area Statistics

Population in M11

20,273

Population in Manchester

920,095

Town centre distance

3.56 miles away

Nearest school

0.30 miles away

Nearest train station

0.59 miles away

 

 

Rental growth (12m)

+112%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £120,000

March 14, 2025

Floor Plans

Description

*Cash Buyers Only* A fantastic opportunity for investors looking for a project, this two-bedroom terraced house is in need of a full refurbishment. The property is in poor condition and requires significant work throughout, making it an ideal purchase for cash buyers seeking a property to renovate and add value. Internally, the house comprises two reception rooms, a kitchen area, and two bedrooms, all of which require complete modernisation. The bathroom also needs full refurbishment. There is currently no central heating, and all rooms require attention, including flooring, walls, and ceilings. The layout offers great potential for reconfiguration, allowing an investor to maximise the space and create a modern living environment. The property also benefits from a private rear yard, which requires some maintenance. Situated in a well-connected area, this home is within easy reach of excellent transport links. Ashburys train station and the Metrolink are nearby, providing direct access to Manchester city centre and surrounding areas. Additionally, major road links, including the A635 and A662, make commuting straightforward. Local amenities, shops, and schools are also within close proximity. This property is strictly for cash buyers due to its current condition and is suited to investors looking to take on a full refurbishment project. With the right vision and work, this home has the potential to be transformed into a fantastic rental or resale property. Contact us today for further details.

Agent Details

Jacob Knight, Manchester

0161 524 8470

Next Steps?

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