4 Bed Detached House, Planning Permission, Worsley, M28 0TR, £375,000

Derwent Close, Worsley, Manchester, M28 0TR - 2 months ago

Leasehold
Planning
ROI: 2%
~129 m²
+22 photos

ValuationUndervalued

Sold Prices£182K - £650K
Sold Prices/m²£1.6K/m² - £4.7K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.9K/m²

Value Estimate

£386,250
BMV3%

 

 

End Value (After Refurb)

£309,566

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£26,200

Refurb Costs

£54,483

Bridging Loan Interest

£9,844

Total Cash In

£186,026

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£309,566

Mortgage (After Refinance)

£232,174

Mortgage LTV

75%

Cash Left In

£186,026

Equity

£77,391

Rent Range

£900 - £4,853

Rent Estimate

£1,610

Running Costs/mo

£1,309

Cashflow/mo

£301

Cashflow/yr

£3,607

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £182K to £650K, average is £372.5K. £1.6K/m² to £4.7K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£270K09/210.02 mi2, Primrose Avenue, Worsley, Manchester, Greater Manchester M28 0TP4
£290K06/210.33 mi1, Elsham Drive, Worsley, Manchester, Greater Manchester M28 0RU4
£266K09/210.33 mi15, Elsham Drive, Worsley, Manchester, Greater Manchester M28 0RU4
£340K11/200.33 mi9, Dowley Gap Road, Worsley, Manchester, Greater Manchester M28 3UQ4
£345K04/230.34 mi2, Cricketfield Lane, Worsley, Manchester, Greater Manchester M28 0AQ4
£330K06/210.37 mi42a, Parsonage Road, Worsley, Manchester, Greater Manchester M28 3SL4
£208K11/210.38 mi2, Brougham Street, Worsley, Manchester, Greater Manchester M28 0SW4
£285K02/210.38 mi20, Brougham Street, Worsley, Manchester, Greater Manchester M28 0SW4
£285K06/210.4 mi66, Tynesbank, Worsley, Manchester, Greater Manchester M28 0SL4
£225K08/230.4 mi72, Newearth Road, Worsley, Manchester, Greater Manchester M28 7US4
£270K09/230.4 mi108, Newearth Road, Worsley, Manchester, Greater Manchester M28 7US4
£240K11/210.43 mi57, Newearth Road, Worsley, Manchester, Greater Manchester M28 7UT4
£370K02/230.43 mi523, Hilton Lane, Worsley, Manchester, Greater Manchester M28 3SA4
£330K11/200.5 mi27, Gillers Green, Worsley, Manchester, Greater Manchester M28 0GA4
£570K11/210.5 mi34, City Road, Worsley, Manchester, Greater Manchester M28 1BD4
£305K05/230.53 mi13, Queensway, Worsley, Manchester, Greater Manchester M28 7TZ4
£490K07/240.53 mi36, Broadway, Worsley, Manchester, Greater Manchester M28 7EY4
£444K07/230.54 mi5, Park Road, Worsley, Manchester, Greater Manchester M28 7DU4
£350K01/210.57 mi26, Parr Fold Avenue, Worsley, Manchester, Greater Manchester M28 7HD4
£445K08/230.57 mi4, Parr Fold Avenue, Worsley, Manchester, Greater Manchester M28 7HD4
£195K06/210.59 mi24, Lawndale Drive, Worsley, Manchester, Greater Manchester M28 1EN4
£210K01/210.59 mi24, Quarry Pond Road, Worsley, Manchester, Greater Manchester M28 0YH4
£288K01/210.6 mi15, Harbourne Avenue, Worsley, Manchester, Greater Manchester M28 7UD4
£470.5K08/230.62 mi43, Hindburn Drive, Worsley, Manchester, Greater Manchester M28 1XY4
£220K02/230.62 mi4, Greenwood Avenue, Worsley, Manchester, Greater Manchester M28 3QY4
£495K12/220.63 mi8, Gatemere Close, Worsley, Manchester, Greater Manchester M28 7UY4
£417.5K04/230.63 mi2, Woodshaw Grove, Worsley, Manchester, Greater Manchester M28 7XX4
£390K11/200.66 mi5, Helmclough Way, Worsley, Manchester, Greater Manchester M28 7XY4
£360K02/240.67 mi12, Ladybridge Avenue, Worsley, Manchester, Greater Manchester M28 3BP4
£395K08/230.67 mi44, Ladybridge Avenue, Worsley, Manchester, Greater Manchester M28 3BP4
£440K08/230.69 mi3, Helias Close, Worsley, Manchester, Greater Manchester M28 0YJ4
£410K04/210.69 mi10, Mallowdale, Worsley, Manchester, Greater Manchester M28 1ZW4
£450K02/210.71 mi24, Arkholme, Worsley, Manchester, Greater Manchester M28 1ZJ4
£462.5K03/230.73 mi10, Goodshaw Road, Worsley, Manchester, Greater Manchester M28 7GJ4
£537.5K04/240.73 mi493, Ellenbrook Road, Worsley, Manchester, Greater Manchester M28 1ER4
£182K12/200.74 mi45, Walkden Road, Worsley, Manchester, Greater Manchester M28 3DA4
£230K07/240.74 mi45, Walkden Road, Worsley, Manchester, Greater Manchester M28 3DA4
£220K11/230.75 mi9, Bowfell Close, Worsley, Manchester, Greater Manchester M28 0AN4
£400K01/240.75 mi24, Thornway, Worsley, Manchester, Greater Manchester M28 1YS4
£650K06/210.76 miThe Granary, Lower New Row, Worsley, Manchester, Greater Manchester M28 1BJ4
£375K06/210.76 mi23, Ladyhill View, Worsley, Manchester, Greater Manchester M28 7LH4
£382.5K06/210.76 mi48, Ladyhill View, Worsley, Manchester, Greater Manchester M28 7LH4
£428K07/230.76 mi23, Ladyhill View, Worsley, Manchester, Greater Manchester M28 7LH4
£490K12/220.77 mi70, Eden Vale, Worsley, Manchester, Greater Manchester M28 1YR4
£590K08/230.79 mi28, Eden Vale, Worsley, Manchester, Greater Manchester M28 1YR4
£210K06/210.79 mi18, Lime Grove, Worsley, Manchester, Greater Manchester M28 7FZ4
£465K09/230.82 mi1, Wrenswood Drive, Worsley, Manchester, Greater Manchester M28 7GS4
£375K02/210.82 mi19, Wrenswood Drive, Worsley, Manchester, Greater Manchester M28 7GS4
£440K11/200.82 mi26, Wrenswood Drive, Worsley, Manchester, Greater Manchester M28 7GS4
£420K03/210.85 mi8, Eastmoor, Mosley Common, Manchester, Greater Manchester M28 1YU4

Local Rents

33 rents from £900/mo to £4.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£2,00005/240.08 miTerracotta Gardens, Worsley, Manchester, Greater Manchester, M28 3BE4
£3,00001/250.12 mi-4
£3,00002/250.12 mi-4
£3,00003/250.12 mi-4
£1,87505/240.13 miIronstone Way, Worsley, Manchester, M28 3BB4
£1,30005/240.22 miWeaver Avenue, Worsley, Manchester, M28 0TJ3
£1,15004/250.25 mi-3
£2,10003/250.27 mi-4
£2,50005/240.32 miAvoncliffe Road, Worsley, Manchester4
£1,50012/230.34 mi-4
£1,20005/240.42 mi-3
£99508/230.43 mi-3
£4,85305/240.45 mi-4
£1,24505/240.45 miBridgwater Road, Walkden M283
£1,00002/250.45 miManchester Road East, M384
£1,39504/240.46 mi-4
£90003/250.47 mi-4
£1,00003/240.47 mi-3
£1,22506/240.51 miOur Ladys ,Worsley, M283
£1,35005/240.52 miOur-Lady's, Worsley, M284
£1,29505/240.53 miQueensway, Worsley, M283
£1,25003/250.54 mi-3
£1,30005/240.54 miPark Road, Worsley, Manchester, M283
£1,20004/250.56 mi-3
£1,39501/240.56 mi-3
£1,49504/250.56 mi-3
£95005/240.58 miNewholme Gardens, Worsley, Manchester3
£1,25005/240.59 miLawndale Drive, Worsley, Manchester3
£1,35008/240.6 mi-3
£1,27504/250.6 mi-3
£1,35007/240.6 miGrayson Road, Little Hulton, Manchester, M383
£1,35007/240.6 miGrayson Road, Little Hulton, Manchester, M383
£1,00005/240.62 mi-3

Local Area Statistics

Population in M28

39,097

Town centre distance

0.87 miles away

Nearest school

0.20 miles away

Nearest train station

0.73 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £375,000

March 14, 2025

Floor Plans

Description

  • Substantial Detached Family Home +
  • 4 Good Sized Fitted Beds, 4 Piece Bathroom +
  • 3 Reception Areas, Fitted Kitchen with Appliances +
  • Wonderful Mature Gardens, Ample Parking +

* No Chain Involved - Internal Viewing A Must - Splendid Four Bedroom Detached Family Home, Exceptionally Well Proportioned and Versatile Living Space, Fabulous Private Landscaped Gardens, Garage and Ample Driveway Parking, Excellent Potential for Further Extension, Situated within a Popular Cul-de-Sac Setting in a Much Sought After Residential Location *

Situated within a popular and highly convenient setting, this wonderful, substantial detached home offers exceptionally well-proportioned living space that is ideally suited to modern lifestyles and must be seen in person to be fully appreciated.

Situated within a quiet cul-de-sac off Hilton Lane in the highly favoured area of Worsley, the property is well presented throughout with accommodation comprising an inviting entrance hall, superb lounge with feature fireplace, separate dining room, substantial conservatory, a splendid fitted breakfast kitchen with integrated appliances plus a cloakroom and wc to the ground floor. On the first floor a landing, four good sized fitted bedrooms plus a four piece bathroom/wc can be found which completes the internal living space. Outside the property is garden fronted with a generous drive, car port area and garage offering ample parking. The mature rear garden is a joy to behold, being spacious in size, appreciating a sunny aspect, private and offering excellent space for relaxing, children’s play and al-fresco entertaining.

Although being substantial in size already, the property offers excellent potential for further extension/development if required (subject to relevant planning permission) if required.

The location is within easy access to the many shops and amenities Worsley and the surrounding areas has to offer and is well placed for well renowned public and private schooling. It is also ideal for access to major transport links, making it ideal for those looking to commute into Manchester and across the North West.

Rarely do homes of this type remain on the market for long and as such, an early internal viewing is strongly advised to avoid disappointment.

Agent Details

Miller Metcalfe, Worsley

0161 524 0938

Next Steps?

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

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