3 Bed Semi-Detached House, Refurb/BRRR, Atherton, M46 0PZ, £225,000

Lovers Lane, Atherton, M46 0PZ - 1 views - a month ago

Leasehold
Refurb/BRRR
ROI: 2%
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£102K - £325K
Sold Prices/m²£1.6K/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£205,000

 

 

End Value (After Refurb)

£217,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£14,450

Refurb Costs

£39,200

Bridging Loan Interest

£5,906

Total Cash In

£117,556

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£217,500

Mortgage (After Refinance)

£163,125

Mortgage LTV

75%

Cash Left In

£117,556

Equity

£54,375

Rent Range

£875 - £2,200

Rent Estimate

£1,073

Running Costs/mo

£914

Cashflow/mo

£159

Cashflow/yr

£1,905

ROI

2%

Gross Yield

6%

Local Sold Prices

51 sold prices from £102K to £325K, average is £210K. £1.6K/m² to £3.9K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£129.9K08/210.05 mi181, Lovers Lane, Atherton, Manchester, Greater Manchester M46 0PY3
£203K12/220.1 mi540, Wigan Road, Atherton, Manchester, Greater Manchester M46 0GA3
£250K08/230.11 mi3, Walkdens Avenue, Atherton, Manchester, Greater Manchester M46 0RU3
£135K02/210.11 mi183, Wigan Road, Atherton, Manchester, Greater Manchester M46 0GB3
£210K10/230.11 mi46, Cromer Drive, Atherton, Manchester, Greater Manchester M46 0QE3
£190K09/230.11 mi3, Cromer Drive, Atherton, Manchester, Greater Manchester M46 0QE3
£190K09/230.11 mi3, Cromer Drive, Atherton, Manchester, Greater Manchester M46 0QE3
£267.5K08/230.11 mi17, Cromer Drive, Atherton, Manchester, Greater Manchester M46 0QE3
£215K11/220.14 mi36, Desmond Street, Atherton, Manchester, Greater Manchester M46 0GH3
£210K02/230.16 mi4, Durban Street, Atherton, Manchester, Greater Manchester M46 0RT3
£238K06/230.16 mi5, Durban Street, Atherton, Manchester, Greater Manchester M46 0RT3
£208K09/210.19 mi574, Wigan Road, Atherton, Manchester, Greater Manchester M46 0GA3
£210K06/230.19 mi560, Wigan Road, Atherton, Manchester, Greater Manchester M46 0GA3
£165K02/230.19 mi336, Wigan Road, Atherton, Manchester, Greater Manchester M46 0GD3
£325K12/200.23 mi296, Wigan Road, Atherton, Manchester, Greater Manchester M46 0GD3
£228K07/230.24 mi7, Claybrook Close, Atherton, Manchester, Greater Manchester M46 0GG3
£197K11/230.26 mi7, Prosser Avenue, Atherton, Manchester, Greater Manchester M46 0QY3
£268.5K09/220.26 mi22a, Gibfield Drive, Atherton, Manchester, Greater Manchester M46 0GR3
£230K08/230.27 mi9, Shalebrook Close, Atherton, Manchester, Greater Manchester M46 0GJ3
£305K08/230.29 mi3, Gretna Road, Atherton, Manchester, Greater Manchester M46 0LZ3
£220K04/210.29 mi1, Colliers Grove, Atherton, Manchester, Greater Manchester M46 0GT3
£185K02/210.31 mi27, Albion Close, Atherton, Manchester, Greater Manchester M46 0GL3
£120.5K02/210.32 mi8, Clements Avenue, Atherton, Manchester, Greater Manchester M46 0PT3
£145K07/230.32 mi17, Clement Avenue, Atherton, Manchester, Greater Manchester M46 0PT3
£210K05/230.34 mi11, Frances Place, Atherton, Manchester, Greater Manchester M46 0QW3
£219.9K01/210.35 mi3, Gadbury Court, Atherton, Manchester, Greater Manchester M46 0SQ3
£250K03/230.35 mi5, Gadbury Fold, Atherton, Manchester, Greater Manchester M46 0GN3
£270K09/230.35 mi91, Gadbury Fold, Atherton, Manchester, Greater Manchester M46 0GN3
£217.5K10/230.36 mi10, Pike Avenue, Atherton, Manchester, Greater Manchester M46 0QJ3
£295K10/230.36 mi7, Valentines Road, Atherton, Manchester, Greater Manchester M46 0LD3
£280K09/220.39 mi4, Gadbury Fold, Atherton, Manchester, Greater Manchester M46 0GX3
£280K04/240.39 mi44, Gadbury Fold, Atherton, Manchester, Greater Manchester M46 0GX3
£160K01/210.41 mi58, Gadfield Grove, Atherton, Manchester, Greater Manchester M46 0SJ3
£192.5K05/210.41 mi40, Gadfield Grove, Atherton, Manchester, Greater Manchester M46 0SJ3
£153K05/210.41 mi26, Gadfield Grove, Atherton, Manchester, Greater Manchester M46 0SJ3
£185K08/210.41 mi8, Gadfield Grove, Atherton, Manchester, Greater Manchester M46 0SJ3
£200K05/230.41 mi14, Gadfield Grove, Atherton, Manchester, Greater Manchester M46 0SJ3
£205K11/230.41 mi63, Gadfield Grove, Atherton, Manchester, Greater Manchester M46 0SJ3
£172K03/210.41 mi7, White Lee Croft, Atherton, Manchester, Greater Manchester M46 0SS3
£179.9K08/210.41 mi15, White Lee Croft, Atherton, Manchester, Greater Manchester M46 0SS3
£255K11/230.41 mi10, Brook Fold, Atherton, Manchester, Greater Manchester M46 0FT3
£220K11/230.41 mi8, Brook Fold, Atherton, Manchester, Greater Manchester M46 0FT3
£205K11/220.42 mi20, Gadfield Grove, Atherton, Manchester, Greater Manchester M46 0SJ3
£245K10/230.42 miRose Cottage, Rear Of 313, Leigh Road, Atherton, Manchester, Greater Manchester M46 0PQ3
£102K12/200.42 mi40, Lilford Street, Atherton, Manchester, Greater Manchester M46 0PF3
£287K08/220.43 mi19, Swan Grove, Atherton, Manchester, Greater Manchester M46 0GW3
£239K09/230.44 mi145, Smallbrook Lane, Leigh, Greater Manchester WN7 5PZ3
£215.5K02/240.45 mi11, Briarcroft Drive, Atherton, Manchester, Greater Manchester M46 0QT3
£183K12/200.47 mi70, Smallbrook Lane, Leigh, Greater Manchester WN7 5QA3
£174K08/230.49 mi4, Gadbury Avenue, Atherton, Manchester, Greater Manchester M46 0LQ3
£129K04/210.51 mi395, Leigh Road, Atherton, Manchester, Greater Manchester M46 0PW3

Local Rents

36 rents from £875/mo to £2.2K/mo, average is £985/mo.

RentDateDistanceAddressBeds 
£1,05003/250.02 mi-3
£1,25012/240.12 miCromer Drive, Atherton, Manchester. ** AVAILABLE NOW **3
£1,00012/240.12 miCromer Drive, Atherton, Manchester. ** AVAILABLE MAY **3
£90005/240.17 miWigan road, Atherton, M46 0QA *APPLY ONLINE*3
£99505/240.3 miColliers Grove, Atherton3
£92504/250.34 mi-3
£1,30005/240.36 miShalewood Court, Atherton, Manchester3
£90011/240.47 miSmallbrook Lane, Leigh, WN73
£1,30002/250.65 mi-3
£99511/240.72 mi-3
£89502/240.72 mi-3
£94711/240.73 miPriory Avenue, Leigh, WN73
£94811/240.73 mi-3
£1,79504/250.79 mi-3
£2,20011/240.79 mi-3
£2,20011/240.79 mi-3
£1,00004/250.8 mi-3
£1,19505/240.87 miThreadneedle Place, Atherton, M463
£95011/240.87 mi-3
£90011/240.89 mi-3
£92503/250.92 mi-3
£1,20011/240.96 mi-3
£1,00002/251 mi-3
£87512/241 miWavertree Avenue, Atherton, M463
£99509/241.06 mi-3
£95004/251.07 mi-3
£87505/241.08 miAinsdale Avenue, Atherton, Manchester3
£97510/241.11 mi-3
£89512/241.12 miCar Bank Street, Atherton, Manchester3
£1,10003/251.13 mi-3
£95001/251.14 mi-3
£90003/251.15 mi-3
£95003/251.16 mi-3
£90005/241.19 miHigh Street, Atherton, Manchester3
£1,05002/251.22 mi-3
£1,05005/241.23 miGregory Avenue, Atherton, M46 9NX3

Local Area Statistics

Population in M46

22,298

Town centre distance

0.90 miles away

Nearest school

0.50 miles away

Nearest train station

1.22 miles away

 

 

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Listed for £225,000

April 3, 2025

Floor Plans

Description

  • Offered For Sale With No Onward Chain +
  • Three Bedroom 1930s Semi Detached Property +
  • Overlooking Fields To The Rear +
  • Two Reception Rooms +
  • Leasehold Tenure with 909 Years Remaining and Ground Rent Payable of £4.12 Per Annum +
  • In Need Of Updating Throughout +

Nestled in a sought-after location, this spacious 1930s semi-detached property on Lovers Lane, Atherton, is offered for sale with no onward chain. Boasting great potential, this home is perfect for buyers looking to modernize and create their ideal family residence. Upon arrival, the property features a well-maintained front garden and a driveway, providing off-road parking. Stepping inside, the ground floor comprises two generously sized reception rooms, offering versatile living space, and a kitchen that has been extended by the owners many years ago. A side door leads to the gated driveway and a private rear garden, which is not overlooked, ensuring a peaceful outdoor retreat. The first floor presents three spacious bedrooms, ideal for a growing family, and a three-piece family bathroom, completing the accommodation. While the property requires modernisation, it offers immense potential to be transformed into a warm and welcoming family home. Early viewing is highly recommended to fully appreciate the opportunity on offer.

Agent Details

Ashtons Estate Agency, Leigh

01942 949067

Next Steps?

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