2 Bed Terraced House, Refurb/BRRR, Bredbury, SK6 1NG, £170,000

53 Smithy Green, Stockport, Greater Manchester, SK6 1NG - 2 views - 2 years ago

Sold STC
Cash
Refurb/BRRR
~96 m²
+5 photos

ValuationUndervalued

Sold Prices£125K - £370K
Sold Prices/m²£1.7K/m² - £5.7K/m²

 

 

Square Metres

~96.40 m²
Price/m²£1.8K/m²

Value Estimate

£175,100
BMV3%

 

 

End Value (After Refurb)

£269,156

Uplift in Value

+58%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Refurb Costs

£40,762

Bridging Loan Interest

£4,463

Total Cash In

£95,774

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£269,156

Agent Fees (1%)

£2,692

Bridging Loan

£127,500

Bridging Loan Interest

£4,463

Flip Profit

£43,191

Local Sold Prices

51 sold prices from £125K to £370K, average is £190K. £1.7K/m² to £5.7K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£251.5K05/230.03 mi8, Quarry Street, Woodley, Stockport, Greater Manchester SK6 1NQ2
£185.5K02/210.04 mi99, Mount Pleasant, Woodley, Stockport, Greater Manchester SK6 1NJ2
£125K11/200.04 mi47, Smithy Green, Woodley, Stockport, Greater Manchester SK6 1NG2
£125K05/210.04 mi31, Smithy Green, Woodley, Stockport, Greater Manchester SK6 1NG2
£190K08/230.04 mi35, Smithy Green, Woodley, Stockport, Greater Manchester SK6 1NG2
£190K08/230.04 mi35, Smithy Green, Woodley, Stockport, Greater Manchester SK6 1NG2
£176K03/210.07 mi6, Pine Street, Woodley, Stockport, Greater Manchester SK6 1NN2
£130K06/210.07 mi148, Hyde Road, Woodley, Stockport, Greater Manchester SK6 1NL2
£247K04/210.15 mi8, Grizedale Road, Woodley, Stockport, Greater Manchester SK6 1BQ2
£172K12/200.16 mi34, Manor Road, Woodley, Stockport, Greater Manchester SK6 1RT2
£195K01/210.18 mi1, Ennerdale Road, Woodley, Stockport, Greater Manchester SK6 1BJ2
£324K06/230.18 mi5, Ennerdale Road, Woodley, Stockport, Greater Manchester SK6 1BJ2
£225K12/200.18 mi39, Langdale Road, Woodley, Stockport, Greater Manchester SK6 1BH2
£225K06/210.18 mi70, Langdale Road, Woodley, Stockport, Greater Manchester SK6 1BH2
£295K08/210.23 mi22, Edinburgh Drive, Woodley, Stockport, Greater Manchester SK6 1JQ2
£225K09/210.23 mi18, Edinburgh Drive, Woodley, Stockport, Greater Manchester SK6 1JQ2
£192K05/230.34 mi37, George Lane, Bredbury, Stockport, Greater Manchester SK6 1AS2
£230K12/200.37 mi47, George Lane, Bredbury, Stockport, Greater Manchester SK6 1AT2
£240K09/210.39 mi1, Muirfield Avenue, Bredbury, Stockport, Greater Manchester SK6 1DD2
£181K04/210.39 mi2, Ashton Street, Woodley, Stockport, Greater Manchester SK6 1PB2
£180K05/210.39 mi1, Ashton Street, Woodley, Stockport, Greater Manchester SK6 1PB2
£150K11/200.4 mi28, Cambridge Drive, Woodley, Stockport, Greater Manchester SK6 1HX2
£240K01/210.4 mi38, Cambridge Drive, Woodley, Stockport, Greater Manchester SK6 1HX2
£212.5K06/230.41 mi56, Brookfield Avenue, Bredbury, Stockport, Greater Manchester SK6 1DF2
£194K12/200.41 mi12, Poleacre Lane, Woodley, Stockport, Greater Manchester SK6 1PG2
£180K12/200.41 mi34, Poleacre Lane, Woodley, Stockport, Greater Manchester SK6 1PG2
£284K03/230.41 mi9, South View, Woodley, Stockport, Greater Manchester SK6 1PD2
£178.5K03/210.43 mi33, Redhouse Lane, Bredbury, Stockport, Greater Manchester SK6 1BX2
£190K06/210.45 mi70, Hayfield Road, Bredbury, Stockport, Greater Manchester SK6 1DE2
£172.3K03/210.45 mi72, Stockport Road East, Bredbury, Stockport, Greater Manchester SK6 1AL2
£175K06/210.55 mi10, Greave Fold, Romiley, Stockport, Greater Manchester SK6 4PZ2
£335.5K07/230.55 mi30, Greave Fold, Romiley, Stockport, Greater Manchester SK6 4PZ2
£260K07/230.55 mi8, Greave Fold, Romiley, Stockport, Greater Manchester SK6 4PZ2
£201K05/230.59 mi23, Queens Road, Bredbury, Stockport, Greater Manchester SK6 1DZ2
£370K12/220.69 mi31, Richmond Road, Romiley, Stockport, Greater Manchester SK6 4PP2
£182K03/230.72 mi221, George Lane, Bredbury, Stockport, Greater Manchester SK6 1DJ2
£330K08/210.75 mi74b, Sandy Lane, Romiley, Stockport, Greater Manchester SK6 4NH2
£137K10/200.75 mi196, Stockport Road East, Bredbury, Stockport, Greater Manchester SK6 2AQ2
£312.8K05/230.76 mi10, Far Ridings, Romiley, Stockport, Greater Manchester SK6 4NN2
£150K11/210.78 mi11, Thomas Street, Bredbury, Stockport, Greater Manchester SK6 2LZ2
£187.5K06/230.78 mi15, Thomas Street, Bredbury, Stockport, Greater Manchester SK6 2LZ2
£172K12/200.79 mi11, Kingsway, Bredbury, Stockport, Greater Manchester SK6 2NS2
£215K01/210.82 mi19, Guywood Lane, Romiley, Stockport, Greater Manchester SK6 4AN2
£200K02/210.82 mi69, Guywood Lane, Romiley, Stockport, Greater Manchester SK6 4AN2
£185K06/230.82 mi2, Marlowe Walk, Denton, Manchester, Greater Manchester M34 7JR2
£182K11/210.85 mi69, Stockport Road, Romiley, Stockport, Greater Manchester SK6 3AA2
£142K01/240.87 mi29, Meadow Lane, Denton, Manchester, Greater Manchester M34 7GD2
£175K06/230.88 mi70, Vernon Road, Bredbury, Stockport, Greater Manchester SK6 2NX2
£196K05/230.88 mi62, Vernon Road, Bredbury, Stockport, Greater Manchester SK6 2NX2
£190K10/210.88 mi5, Higson Avenue, Romiley, Stockport, Greater Manchester SK6 3DB2
£210K01/230.89 mi33, Marina Road, Bredbury, Stockport, Greater Manchester SK6 2PR2

Local Rents

36 rents from £775/mo to £1.4K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£90008/240.16 miManor Road, Stockport, Cheshire, SK62
£1,20008/240.18 miCoppice Close, Woodley, Stockport, Greater Manchester, SK62
£95001/250.27 mi-2
£1,05008/240.37 miGeorge Lane, Bredbury, Stockport2
£1,20012/240.47 mi-2
£1,10012/240.51 miWeybourne Drive, Bredbury, Stockport, SK6 2DN2
£80012/240.52 miChamberlain Gardens, Stockport, SK6 1BR2
£87508/240.68 miSunfield, Romiley, Stockport2
£77507/240.7 mi-2
£77503/250.7 mi-2
£80008/240.7 mi-2
£77508/240.7 mi-2
£85003/250.74 mi-2
£77512/240.76 miBerrycroft Lane, Bredbury, Stockport2
£1,00008/240.78 miBarrack Hill, Romiley2
£87508/240.78 miLauren Court, Bredbury, Stockport, SK62
£1,15012/240.78 mi-2
£82508/240.78 miLauren Court, 38 Lower Bents Lane, Bredbury, Stockport, SK62
£96008/240.8 mi-2
£1,30011/240.82 mi-2
£1,10011/240.82 mi-2
£1,39503/250.87 mi-2
£1,15008/240.9 mi-2
£1,00012/230.96 mi-2
£80006/240.97 miWarwick Court, Denton, M342
£80005/240.99 miWordsworth Road, Denton, M342
£80008/241.09 miStockport Road,Gee Cross,Hyde,SK14 5RY2
£92512/241.1 mi-2
£1,10008/241.11 miWakefield Crescent, Romiley, Stockport, Cheshire, SK62
£95008/241.15 miStockport Road, Hyde2
£89508/241.16 mi-2
£87512/241.17 miThe Ridgway, Bredbury Green, Romiley, Stockport, Cheshire2
£1,10006/241.21 mi-2
£1,15001/251.21 mi-2
£1,10012/241.21 mi-2
£1,05012/241.22 mi-2

Local Area Statistics

Population in SK6

50,689

Town centre distance

0.87 miles away

Nearest school

0.30 miles away

Nearest train station

0.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £170,000

March 3, 2023

Sold for £42,500

1999

Floor Plans

Description

----- 3D FLOORPLANS ----- Home Estate Agents are pleased to offer for sale this TWO bedroom mid cottage. This property is in need of some cosmetic updating and would be ideal for someone looking to put their own stamp on a property. NO VENDOR CHAIN Situated in a popular residential area, close to local schools, amenities and transport links. Viewing recommended .

In brief the accommodation comprises: Lounge open plan to dining room and kitchen to the ground floor. Two bedrooms and shower room to the first floor. Enclosed paved garden to rear with shrub borders.

Ground Floor -

Lounge - 4.01m x 4.11m (13'2" x 13'6") - Door and double glazed window to front, feature fireplace and surround with inset Living Flame fire, laminate flooring, radiator, open plan to:

Dining Room - 3.19m x 4.11m (10'6" x 13'6") - Radiator, stairs to first floor, door to understairs storage cupboard, open to:

Kitchen - 2.13m x 2.95m (7'0" x 9'8") - Double glazed window to rear, fitted with a range of wall and base units with worksurface over, inset sink and drainer wtih mixer tap, tiled splashbacks, built in oven and hob with extractor over, door to outside.

First Floor -

Landing - Doors to:

Bedroom 1 - 4.01m x 4.11m (13'2" x 13'6") - Double glazed window to front, laminate flooring, radiator.

Bedroom 2 - 3.19m x 1.91m (10'6" x 6'3") - Double glazed window to rear, radiator.

Shower Room - Double glazed window to rear, fitted with an enclosed shower, wash hand basin and low level WC, tiled walls, chrome towel radiator.

Outside - Enclosed paved garden to rear with shrub borders.

-

Disclaimer - Home Estate Agents believe all the particulars given to be accurate. They have not tested or inspected any equipment, apparatus, fixtures or fittings and cannot, therefore, offer any proof or confirmation as to their condition or fitness for purpose thereof. The purchaser is advised to obtain the necessary verification from the solicitor or the surveyor. All measurements given are approximate and for guide purposes only and should not be relied upon as accurate for the purpose of buying fixtures, floor-coverings, etc. The buyer should satisfy him/her self of all measurements prior to purchase.

Before we can accept an offer for any property we will need certain information from you which will enable us to qualify your offer. If you are making a cash offer which is not dependent upon the sale of another property we will require proof of funds. You should be advised that any approach to a bank, building society or solicitor before we have qualified your offer may result in legal or survey fees being lost. In addition, any delay may result in the property being offered to someone else.

Agent Details

Home Estate Agents Ltd, Stalybridge

0161 524 4847

Next Steps?

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