3 Bed Semi-Detached House, Refurb/BRRR, Manchester, M19 1GB, £260,000

Westdean Crescent, Burnage, Manchester, M19 1GB - 2 views - a month ago

Leasehold

Refurb/BRRR

ROI: 3%

~93 m²

+9 photos

ValuationFair Value

Sold Prices	£193K - £351.3K
Sold Prices/m²	£2.3K/m² - £4.8K/m²

Square Metres	~93 m²
Price/m²	£2.8K/m²
Value Estimate	£265,200£265,200

End Value (After Refurb)	£279,000£279,000
Uplift in Value	+7%+7%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£65,000£65,000
Stamp Duty & Legal Fees	£14,700£14,700
Refurb Costs	£39,200£39,200
Bridging Loan Interest	£6,825£6,825
Total Cash In	£127,475£127,475

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£279,000£279,000
Mortgage (After Refinance)	£209,250£209,250
Mortgage LTV	75%75%
Cash Released	£14,250£14,250
Cash Left In	£113,225£113,225
Equity	£69,750£69,750
Rent Range	£1,250 - £1,850£1,250 - £1,850
Rent Estimate	£1,459
Running Costs/mo	£1,184£1,184
Cashflow/mo	£275£275
Cashflow/yr	£3,304£3,304
ROI	3%3%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £193K to £351.3K, average is £254.5K. £2.3K/m² to £4.8K/m², average is £3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£250K	08/23	0.07 mi	15, Ashburn Avenue, Manchester, Greater Manchester M19 1DQ	£3,377	74	3	Terraced House
£263K	10/20	0.07 mi	9, Ashburn Avenue, Manchester, Greater Manchester M19 1DQ	£2,267	116	3	Semi-Detached House
£255K	03/23	0.07 mi	18, Ashburn Avenue, Manchester, Greater Manchester M19 1DQ	-	-	3	Semi-Detached House
£325K	03/24	0.08 mi	36, Shawbrook Road, Manchester, Greater Manchester M19 1DN	£3,125	104	3	Semi-Detached House
£280K	01/21	0.08 mi	24, Shawbrook Road, Manchester, Greater Manchester M19 1DN	£3,077	91	3	Semi-Detached House
£220K	04/21	0.1 mi	365, Burnage Lane, Manchester, Greater Manchester M19 1DG	£2,716	81	3	Terraced House
£254K	11/23	0.1 mi	7, Pearn Road, Manchester, Greater Manchester M19 1DS	£2,731	93	3	Semi-Detached House
£306K	09/23	0.1 mi	24, Pearn Road, Manchester, Greater Manchester M19 1DS	-	-	3	Semi-Detached House
£330K	08/23	0.1 mi	1, Pearn Avenue, Manchester, Greater Manchester M19 1FQ	-	-	3	Semi-Detached House
£237K	05/21	0.12 mi	1, Fair Oak Road, Manchester, Greater Manchester M19 1DT	£2,693	88	3	Semi-Detached House
£220K	04/21	0.12 mi	15, Fair Oak Road, Manchester, Greater Manchester M19 1DT	£2,651	83	3	Terraced House
£220K	06/21	0.13 mi	2, Winslow Place, Manchester, Greater Manchester M19 1HD	£2,651	83	3	Semi-Detached House
£200K	02/24	0.17 mi	1, Elmhurst Drive, Manchester, Greater Manchester M19 1GD	£2,703	74	3	Semi-Detached House
£340K	07/23	0.17 mi	44, Westdale Gardens, Manchester, Greater Manchester M19 1JD	£3,952	86	3	Semi-Detached House
£275K	05/21	0.17 mi	16, Westdale Gardens, Manchester, Greater Manchester M19 1JD	£2,546	108	3	Semi-Detached House
£289K	01/23	0.17 mi	18, Western Circle, Manchester, Greater Manchester M19 1HH	-	-	3	Terraced House
£199K	10/20	0.18 mi	1, Hatfield Avenue, Manchester, Greater Manchester M19 1LX	£2,764	72	3	Semi-Detached House
£262K	09/21	0.19 mi	196, Errwood Road, Manchester, Greater Manchester M19 1HU	-	-	3	Semi-Detached House
£260K	07/21	0.19 mi	168, Errwood Road, Manchester, Greater Manchester M19 1HU	-	-	3	Semi-Detached House
£250K	08/23	0.19 mi	24, Western Circle, Manchester, Greater Manchester M19 1HH	£3,049	82	3	Semi-Detached House
£240K	01/21	0.19 mi	12, Western Circle, Manchester, Greater Manchester M19 1HH	£4,800	50	3	Semi-Detached House
£265K	05/23	0.19 mi	16, Western Circle, Manchester, Greater Manchester M19 1HH	-	-	3	Terraced House
£226.5K	11/20	0.19 mi	3, Henley Place, Manchester, Greater Manchester M19 1QE	£2,435	93	3	Semi-Detached House
£290K	02/23	0.21 mi	93, Green End Road, Manchester, Greater Manchester M19 1LE	-	-	3	Semi-Detached House
£193K	06/21	0.22 mi	12, Woodside Avenue, Manchester, Greater Manchester M19 1DY	£2,741	70	3	Semi-Detached House
£232K	03/21	0.22 mi	13, Woodside Avenue, Manchester, Greater Manchester M19 1DY	-	-	3	Semi-Detached House
£230K	09/21	0.25 mi	38, Avon Road, Manchester, Greater Manchester M19 1HA	-	-	3	Semi-Detached House
£248K	09/21	0.26 mi	9, Pinner Place, Manchester, Greater Manchester M19 1JL	£2,795	89	3	Semi-Detached House
£280K	01/24	0.26 mi	12, Pinner Place, Manchester, Greater Manchester M19 1JL	£3,733	75	3	Semi-Detached House
£235K	12/20	0.26 mi	1, Pinner Place, Manchester, Greater Manchester M19 1JL	-	-	3	Semi-Detached House
£295K	05/23	0.27 mi	309, Mauldeth Road, Manchester, Greater Manchester M19 1DZ	£3,734	79	3	Semi-Detached House
£250K	09/21	0.27 mi	93, Green End Road, Manchester, Greater Manchester M19 1LE	-	-	3	Semi-Detached House
£305K	01/21	0.27 mi	15, Hyde Fold Close, Manchester, Greater Manchester M19 1EB	£4,178	73	3	Semi-Detached House
£205K	10/21	0.28 mi	33, Avon Road, Manchester, Greater Manchester M19 1HW	£2,808	73	3	Semi-Detached House
£265K	12/21	0.28 mi	20, Avon Road, Manchester, Greater Manchester M19 1FW	£3,313	80	3	Semi-Detached House
£290K	11/20	0.28 mi	257, Burnage Lane, Manchester, Greater Manchester M19 1FN	£2,613	111	3	Semi-Detached House
£248K	11/20	0.29 mi	68, Avon Road, Manchester, Greater Manchester M19 1JW	£2,884	86	3	Semi-Detached House
£228K	02/21	0.3 mi	21, Moorcroft Drive, Manchester, Greater Manchester M19 1NL	£3,000	76	3	Semi-Detached House
£325K	12/23	0.3 mi	47, Moorcroft Drive, Manchester, Greater Manchester M19 1NL	£3,693	88	3	Semi-Detached House
£241K	08/23	0.31 mi	150, Errwood Road, Manchester, Greater Manchester M19 1HT	-	-	3	Semi-Detached House
£265K	12/23	0.32 mi	20, Shawlea Avenue, Manchester, Greater Manchester M19 1BY	£3,397	78	3	Terraced House
£234K	11/21	0.32 mi	78, Broadlea Road, Manchester, Greater Manchester M19 1BG	£3,120	75	3	Semi-Detached House
£325K	08/23	0.32 mi	54, Broadlea Road, Manchester, Greater Manchester M19 1BG	-	-	3	Semi-Detached House
£233.5K	04/21	0.32 mi	31, Overlea Drive, Manchester, Greater Manchester M19 1QY	-	-	3	Semi-Detached House
£220K	06/21	0.33 mi	28, Green End Road, Manchester, Greater Manchester M19 1LL	£2,973	74	3	Terraced House
£320K	09/21	0.34 mi	24, Kingsleigh Road, Stockport, Greater Manchester SK4 3QG	£3,463	92	3	Semi-Detached House
£350K	11/22	0.35 mi	33, Broadhill Road, Manchester, Greater Manchester M19 1AQ	£3,571	98	3	Semi-Detached House
£290K	06/21	0.35 mi	19, Broadhill Road, Manchester, Greater Manchester M19 1AQ	-	-	3	Semi-Detached House
£240K	04/21	0.35 mi	64, Arbor Avenue, Manchester, Greater Manchester M19 1EZ	£3,243	74	3	Semi-Detached House
£351.3K	05/21	0.36 mi	175, Burnage Lane, Manchester, Greater Manchester M19 1FE	-	-	3	Semi-Detached House

Local Rents

22 rents from £1.3K/mo to £1.9K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,300	02/24	0.07 mi	-	3	Semi-Detached House
£1,650	05/24	0.28 mi	Carrgreen Close, Manchester, M19	3	Detached House
£1,300	12/24	0.28 mi	-	3	Semi-Detached House
£1,300	12/24	0.28 mi	-	3	Semi-Detached House
£1,450	04/25	0.31 mi	-	3	Semi-Detached House
£1,400	09/24	0.38 mi	Whitehurst Road, Stockport, Cheshire, SK4	3	Semi-Detached House
£1,450	05/24	0.4 mi	Briarfield Road, Manchester	3	Semi-Detached House
£1,550	04/25	0.44 mi	-	3	Semi-Detached House
£1,250	12/24	0.48 mi	-	3	Semi-Detached House
£1,300	03/25	0.48 mi	-	3	Semi-Detached House
£1,725	12/24	0.48 mi	-	3	Semi-Detached House
£1,725	12/24	0.48 mi	-	3	Semi-Detached House
£1,850	04/25	0.48 mi	-	3	Semi-Detached House
£1,500	05/24	0.5 mi	Moorton Avenue, Burnage	3	Semi-Detached House
£1,500	08/24	0.51 mi	-	3	Detached House
£1,500	12/24	0.52 mi	-	3	Semi-Detached House
£1,400	04/25	0.55 mi	-	3	Semi-Detached House
£1,350	08/24	0.55 mi	Kingsleigh Road, Heaton Mersey, Stockport, Greater Manchester, SK4	3	Detached House
£1,350	05/24	0.58 mi	Roseleigh Avenue	3	Detached House
£1,450	06/24	0.58 mi	Grangethorpe Drive, Manchester, M19 2LG	3	Bungalow
£1,600	05/24	0.61 mi	Alexandra Drive, Burnage, Manchester	3	Detached House
£1,400	04/25	0.62 mi	-	3	Semi-Detached House

Local Area Statistics

Population in M19	34,83834,838
Population in Manchester	920,095920,095
Town centre distance	2.84 miles away2.84 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.57 miles away0.57 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+13%+13%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+30%+30%

Property History

Listed for £260,000

March 14, 2025

Description

Three bedroom semi +
Gardens to the front and rear +
Driveway +
Requiring cosmetic updating throughout +
Popular residential location +
NO CHAIN +

A three-bedroom semi-detached home in need of full modernisation. Situated on a highly sought-after residential road, the property offers easy access to local amenities and transport links. It occupies a generous plot with front and rear gardens.

The ground floor comprises an entrance hallway with stairs to the first floor and a downstairs WC. There is a dining room with a bay window to the front, a lounge to the rear, and a kitchen fitted with low-level units, worktops, and matching eye-level cupboards.

Upstairs, the first floor features three bedrooms and a bathroom with a white three-piece suite.

Viewing is highly recommended.

No chain.

Agent Details

Julian Wadden, Didsbury

0161 524 6417

Next Steps?

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

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