3 Bed Detached House, Refurb/BRRR, Manchester, M41 6JU, £450,000

Irlam Road, Flixton, M41 6JU - 17 days ago

Refurb/BRRR
ROI: 2%
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£217.5K - £600K
Sold Prices/m²£2.9K/m² - £9.1K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£315,384

 

 

End Value (After Refurb)

£403,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£33,700

Refurb Costs

£39,300

Bridging Loan Interest

£11,813

Total Cash In

£199,063

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£403,750

Mortgage (After Refinance)

£302,813

Mortgage LTV

75%

Cash Left In

£199,063

Equity

£100,938

Rent Range

£1,050 - £4,550

Rent Estimate

£2,116

Running Costs/mo

£1,705

Cashflow/mo

£411

Cashflow/yr

£4,933

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £217.5K to £600K, average is £330K. £2.9K/m² to £9.1K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£460K10/200.06 mi11, Brooklyn Avenue, Urmston, Manchester, Greater Manchester M41 6PF3
£370K11/200.07 mi6, Millford Avenue, Urmston, Manchester, Greater Manchester M41 6JX3
£390K11/210.07 mi16, Millford Avenue, Urmston, Manchester, Greater Manchester M41 6JX3
£280K08/210.08 mi28, Goldsworthy Road, Urmston, Manchester, Greater Manchester M41 8TX3
£325K01/230.12 mi35, Rothiemay Road, Urmston, Manchester, Greater Manchester M41 6LL3
£287K11/200.14 mi31, Brooklyn Avenue, Urmston, Manchester, Greater Manchester M41 6PE3
£293K03/210.14 mi22, Brooklyn Avenue, Urmston, Manchester, Greater Manchester M41 6PE3
£249.9K06/210.14 mi23, Woodsend Road, Urmston, Manchester, Greater Manchester M41 8QY3
£279K03/230.14 mi23, Woodsend Road, Urmston, Manchester, Greater Manchester M41 8QY3
£325K05/230.15 mi1, The Avenue, Urmston, Manchester, Greater Manchester M41 6GT3
£365K04/210.16 mi13, Hodnett Avenue, Urmston, Manchester, Greater Manchester M41 6LQ3
£330K11/220.16 mi48, Millford Avenue, Urmston, Manchester, Greater Manchester M41 6JZ3
£340K10/210.16 mi56, Millford Avenue, Urmston, Manchester, Greater Manchester M41 6JZ3
£303K10/210.18 mi24, Whitegate Park, Urmston, Manchester, Greater Manchester M41 6LW3
£550K08/230.18 mi54, Whitegate Park, Urmston, Manchester, Greater Manchester M41 6LW3
£335K08/210.18 mi46, Derwent Road, Urmston, Manchester, Greater Manchester M41 8UA3
£280K03/210.18 mi10, Bishop Road, Urmston, Manchester, Greater Manchester M41 8GU3
£322.9K08/210.18 mi3, Bishop Road, Urmston, Manchester, Greater Manchester M41 8QU3
£341K06/230.18 mi17, Bishop Road, Urmston, Manchester, Greater Manchester M41 8QU3
£450K01/230.19 mi29, Irlam Road, Urmston, Manchester, Greater Manchester M41 6JR3
£310K12/200.22 mi9, Cecil Drive, Urmston, Manchester, Greater Manchester M41 8UW3
£310K08/230.22 mi2, Cecil Drive, Urmston, Manchester, Greater Manchester M41 8UW3
£318.5K03/210.23 mi44, Wibbersley Park, Urmston, Manchester, Greater Manchester M41 6JQ3
£217.5K05/230.23 mi2, Brighton Grove, Urmston, Manchester, Greater Manchester M41 8TB3
£379K11/220.24 mi36, Wibbersley Park, Urmston, Manchester, Greater Manchester M41 6JQ3
£295K01/240.24 mi1, Hastings Drive, Urmston, Manchester, Greater Manchester M41 8TG3
£391.6K11/200.25 mi57, Overdale Crescent, Urmston, Manchester, Greater Manchester M41 5GR3
£330K12/200.27 mi5, Lawrence Road, Urmston, Manchester, Greater Manchester M41 8UN3
£375K07/230.28 mi53, Ambleside Road, Urmston, Manchester, Greater Manchester M41 6QX3
£295K03/210.28 mi26, Holly House Drive, Urmston, Manchester, Greater Manchester M41 6QS3
£265K08/230.3 mi108, Woodsend Road, Urmston, Manchester, Greater Manchester M41 8QZ3
£284K10/230.31 mi20, Devon Road, Urmston, Manchester, Greater Manchester M41 6PN3
£372K09/230.31 mi4, Devon Road, Urmston, Manchester, Greater Manchester M41 6PN3
£338K03/210.31 mi45, Parsonage Road, Urmston, Manchester, Greater Manchester M41 6QN3
£270K01/210.31 mi38, Lansdowne Road North, Urmston, Manchester, Greater Manchester M41 6QG3
£324K05/230.31 mi3, Aldermere Crescent, Urmston, Manchester, Greater Manchester M41 8UE3
£310K12/200.32 mi457, Moorside Road, Urmston, Manchester, Greater Manchester M41 8TW3
£600K06/210.32 mi79, Marlborough Road, Urmston, Manchester, Greater Manchester M41 5QP3
£425K07/230.32 mi59, Marlborough Road, Urmston, Manchester, Greater Manchester M41 5QP3
£370.5K08/210.34 mi413, Moorside Road, Urmston, Manchester, Greater Manchester M41 8UR3
£340K06/230.36 mi8, Vale Avenue, Urmston, Manchester, Greater Manchester M41 6PQ3
£345K04/210.36 mi14, Moss Croft Close, Urmston, Manchester, Greater Manchester M41 8TA3
£470K09/210.36 mi15, Chesham Avenue, Urmston, Manchester, Greater Manchester M41 8SS3
£375K09/230.37 mi104, Merwell Road, Urmston, Manchester, Greater Manchester M41 6PR3
£290K03/210.37 mi104, Merwell Road, Urmston, Manchester, Greater Manchester M41 6PR3
£249.5K05/210.37 mi84, Merwell Road, Urmston, Manchester, Greater Manchester M41 6PR3
£335K03/230.37 mi25, Bromley Avenue, Urmston, Manchester, Greater Manchester M41 6HZ3
£302K04/210.37 mi2, Norreys Avenue, Urmston, Manchester, Greater Manchester M41 8TJ3
£400K07/230.37 mi381, Moorside Road, Urmston, Manchester, Greater Manchester M41 5SD3
£426K01/210.38 mi10, Cranford Road, Urmston, Manchester, Greater Manchester M41 8PR3

Local Rents

14 rents from £1.1K/mo to £4.5K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,70007/240.18 miBishop Road, Urmston, M41 8QU3
£1,70008/240.18 miBishop Road, Urmston, M41 8QU3
£1,70008/240.18 miBishop Road, Urmston, M41 8QU3
£1,65007/240.22 miCecil Drive, M413
£1,60007/240.28 miDerwent Road, Flixton, Trafford, M413
£1,40007/240.28 mi16 Ambleside Road, M41 6PH3
£4,55006/240.32 mi-3
£4,55007/240.32 mi-3
£4,55011/240.32 mi-3
£1,30012/230.38 mi-3
£1,10005/240.55 miAlderley Road, Urmston, Manchester3
£1,05005/240.58 miIrlam Road, Flixton, Manchester, M413
£1,49505/240.61 miBrook Road, Flixton, Trafford, M413
£1,35012/240.62 mi-3

Local Area Statistics

Population in M41

41,397

Population in Manchester

920,095

Town centre distance

5.73 miles away

Nearest school

0.10 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+33%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £450,000

March 26, 2025

Floor Plans

Description

  • Double Length Garage +
  • No Chain +
  • Off Road parking for several cars +
  • Mature Garden +
  • Partial Double glazing +
  • In need of modernisation +
  • Close to train station +
  • Close to Amenities +
  • In catchment for +

A 1930'S BUILT THREE DOUBLE BEDROOM DETACHED PROPERTY SITUATED IN A SOUGHT AFTER LOCATION WITHIN EASY REACH OF LOCAL SHOPS, FLIXTON STATION AND ST MONICA'S PRIMARY SCHOOL.The property now requires a full schedule of modernisation and improvement but offering great potential to those buyers looking to put their own stamp on a property. Scope to extend subject to any planning consents necessary. Offering excellent family accommodation (Approx 1677sq ft). entrance porch, large reception hall, Two separate reception rooms plus fitted kitchen. Front lounge with an 'Inglenook' fireplace. Gas central heating system-combination boiler. Excellent sized bedrooms. Family bathroom with separate wc. Double length garage and a gated driveway. Occupying an excellent sized plot with delightful gardens to the front and rear. No ongoing vendor chain.

Agent Details

Trading Places, South Manchester

0161 524 7890

Next Steps?

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