3 Bed Semi-Detached House, Refurb/BRRR, Atherton, M46 9BB, £160,000

1 Matlock Close, Atherton, M46 9BB - 2 views - 14 days ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 4%
73 m²
+7 photos

ValuationOvervalued

Sold Prices£100K - £325K
Sold Prices/m²£1K/m² - £3.7K/m²

 

 

Square Metres

73 m²
Price/m²£2.2K/m²

Value Estimate

£132,600

 

 

End Value (After Refurb)

£150,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,900

Refurb Costs

£30,770

Bridging Loan Interest

£4,200

Total Cash In

£86,620

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£150,000

Mortgage (After Refinance)

£112,500

Mortgage LTV

75%

Cash Left In

£86,620

Equity

£37,500

Rent Range

£690 - £1,195

Rent Estimate

£938

Running Costs/mo

£676

Cashflow/mo

£262

Cashflow/yr

£3,140

ROI

4%

Gross Yield

7%

Local Sold Prices

51 sold prices from £100K to £325K, average is £167K. £1K/m² to £3.7K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£150K05/210.09 mi8, Croft Avenue, Atherton, Manchester, Greater Manchester M46 9FH3
£265K01/230.09 mi11, Lancaster Avenue, Atherton, Manchester, Greater Manchester M46 9EJ3
£180K11/220.09 mi29, Croft Avenue, Atherton, Manchester, Greater Manchester M46 9FH3
£175K08/210.1 mi3, Bracken Road, Atherton, Manchester, Greater Manchester M46 9BF3
£186.5K05/210.11 mi65, Tyldesley Old Road, Atherton, Manchester, Greater Manchester M46 9FF3
£222.5K04/230.11 mi90, Tyldesley Old Road, Atherton, Manchester, Greater Manchester M46 9FF3
£165K07/230.11 mi69, Tyldesley Old Road, Atherton, Manchester, Greater Manchester M46 9FF3
£325K08/230.12 mi20, Millers Lane, Atherton, Manchester, Greater Manchester M46 9BW3
£160K02/210.13 mi16, Ramsey Close, Atherton, Manchester, Greater Manchester M46 9EQ3
£200K10/230.17 mi136, Douglas Road, Atherton, Manchester, Greater Manchester M46 9FE3
£157K02/210.19 mi54, Chanters Avenue, Atherton, Manchester, Greater Manchester M46 9EF3
£172K01/210.23 mi24, Peel Close, Atherton, Manchester, Greater Manchester M46 9EP3
£138K08/210.23 mi6, Oliver Street, Atherton, Manchester, Greater Manchester M46 9FN3
£140K06/210.23 mi8, Oliver Street, Atherton, Manchester, Greater Manchester M46 9FN3
£100K05/210.23 mi42, High Street, Atherton, Manchester, Greater Manchester M46 9DW3
£192K06/210.24 mi6, Blacksmiths Fold, Atherton, Manchester, Greater Manchester M46 9DB3
£170K05/210.24 mi19, Clarence Street, Atherton, Manchester, Greater Manchester M46 9AH3
£280K06/220.26 mi33, Crab Tree Lane, Atherton, Manchester, Greater Manchester M46 0AG3
£156K09/210.26 mi20, Chester Street, Atherton, Manchester, Greater Manchester M46 9AJ3
£180K12/230.26 mi6, Chester Street, Atherton, Manchester, Greater Manchester M46 9AJ3
£180K12/230.26 mi6, Chester Street, Atherton, Manchester, Greater Manchester M46 9AJ3
£172.5K01/230.27 mi316, Tyldesley Road, Atherton, Manchester, Greater Manchester M46 9AN3
£158K06/210.29 mi1, Kings Fold, Atherton, Manchester, Greater Manchester M46 9FZ3
£220K03/230.31 mi17, Fallowfield Way, Atherton, Manchester, Greater Manchester M46 9TT3
£160K08/230.32 mi25, St Annes Avenue, Atherton, Manchester, Greater Manchester M46 9AG3
£166K11/220.34 mi37, Sycamore Road, Atherton, Manchester, Greater Manchester M46 9DZ3
£190K08/210.34 mi115, Douglas Street, Atherton, Manchester, Greater Manchester M46 9EB3
£170K05/230.34 mi77, Douglas Street, Atherton, Manchester, Greater Manchester M46 9EB3
£137K03/210.34 mi44, York Street, Atherton, Manchester, Greater Manchester M46 9JD3
£182K05/230.35 mi16, Elizabeth Street, Atherton, Manchester, Greater Manchester M46 9JB3
£179.9K12/200.35 mi14, Mayfield Street, Atherton, Manchester, Greater Manchester M46 0AQ3
£180K09/230.35 mi47, Mayfield Street, Atherton, Manchester, Greater Manchester M46 0AQ3
£105K11/200.35 mi29, Powys Street, Atherton, Manchester, Greater Manchester M46 9AR3
£121K06/230.38 mi3, Mather Street, Atherton, Manchester, Greater Manchester M46 0EP3
£179.9K11/200.38 mi59, Elizabeth Street, Atherton, Manchester, Greater Manchester M46 9JN3
£148.5K02/210.38 mi74, Elizabeth Street, Atherton, Manchester, Greater Manchester M46 9JN3
£140K09/210.38 mi148, Elizabeth Street, Atherton, Manchester, Greater Manchester M46 9JN3
£190K06/210.38 mi70, Elizabeth Street, Atherton, Manchester, Greater Manchester M46 9JN3
£180K05/230.38 mi53, Elizabeth Street, Atherton, Manchester, Greater Manchester M46 9JN3
£127K06/210.39 mi54, Bolton Road, Atherton, Manchester, Greater Manchester M46 9JY3
£150K04/230.39 mi2, Cambridge Street, Atherton, Manchester, Greater Manchester M46 0BX3
£215K01/230.4 mi11, Hunt Street, Atherton, Manchester, Greater Manchester M46 9JF3
£152.5K01/230.4 mi357, Tyldesley Road, Atherton, Manchester, Greater Manchester M46 9AP3
£115K05/210.4 mi23, Beech Street, Atherton, Manchester, Greater Manchester M46 9FA3
£100K02/210.4 mi54, Stanley Street, Atherton, Manchester, Greater Manchester M46 0AB3
£143K11/200.41 mi39, Hunt Street, Atherton, Manchester, Greater Manchester M46 9JF3
£167K12/220.41 mi6, Hunt Street, Atherton, Manchester, Greater Manchester M46 9JE3
£122K05/210.42 mi6, Hesketh Street, Atherton, Manchester, Greater Manchester M46 9JJ3
£143K01/230.42 mi6, Hesketh Street, Atherton, Manchester, Greater Manchester M46 9JJ3
£175.5K11/220.45 mi43, Douglas Street, Atherton, Manchester, Greater Manchester M46 9EB3
£110K02/210.45 mi341, Gloucester Street, Atherton, Manchester, Greater Manchester M46 0JD3

Local Rents

16 rents from £690/mo to £1.2K/mo, average is £938/mo.

RentDateDistanceAddressBeds 
£90005/240.23 miHigh Street, Atherton, Manchester3
£1,05001/250.26 mi-3
£86002/250.37 mi-3
£92503/250.39 mi-3
£85005/240.4 miBarnes Passage, Atherton3
£85012/240.4 miBarnes Passage, Atherton3
£85005/240.4 miBarnes Passage, Atherton3
£69005/240.4 mi-3
£99503/250.4 mi-3
£95001/250.43 mi-3
£95004/250.46 mi-3
£1,05002/250.47 mi-3
£1,19505/240.52 miThreadneedle Place, Atherton, M463
£99505/240.54 mi-3
£99505/240.54 mi-3
£89512/240.58 miCrawford Avenue, Tyldesley, M293

Local Area Statistics

Population in M46

22,298

Town centre distance

0.40 miles away

Nearest school

0.10 miles away

Nearest train station

0.61 miles away

 

 

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Listed for £160,000

April 1, 2025

Floor Plans

Description

  • Spacious Semi Detached Property +
  • Rarely Available Cul De Sac Location +
  • Perhaps In Need Of Some Refurbishment +
  • Sitting Room +
  • Kitchen Dining Room +
  • Conservatory +
  • Three Generous Bedrooms +
  • Family Bathroom +
  • Ample Off Road Parking & Rear Garden +
  • No Onward Chain +

ARC HOMES are delighted to offer FOR SALE this spacious semi detached property in a rarely available cul de sac in Atherton. Perhaps in need of some refurbishment, this property is ideal for a range of buyers, offers generous accommodation and is offered with no onward chain. Competitively priced for a quick sale, early viewing is advised. Entry to the property is via an entrance hallway which leads int a well proportioned sitting room. To the rear is a fitted kitchen which leads into a conservatory. To the first floor are three generous bedrooms and a bathroom. Outside, the front gardens provides off road parking whilst there is a low maintenance garden to the rear.

Agent Details

Arc Homes, Atherton

01946 550990

Next Steps?

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