2 Bed Flat, Cash/Bridging Only, Stalybridge, SK15 3BH, £90,000

31 Acorn House Bramble Court, Millbrook, Stalybridge, SK15 3BH - 2 years ago

Sold STC
Leasehold
Cash
ROI: 5%
~54 m²
+5 photos

ValuationUndervalued

Sold Prices£55K - £225K
Sold Prices/m²£679/m² - £2.7K/m²

 

 

Square Metres

~54.30 m²
Price/m²£1.7K/m²

Value Estimate

£92,700
BMV3%

 

 

End Value (After Refurb)

£122,780

Uplift in Value

+36%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£22,888

Bridging Loan Interest

£2,363

Total Cash In

£55,200

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£122,780

Mortgage (After Refinance)

£92,085

Mortgage LTV

75%

Cash Released

£24,585

Cash Left In

£30,615

Equity

£30,695

Rent Range

£695 - £1,200

Rent Estimate

£800

Running Costs/mo

£564

Cashflow/mo

£236

Cashflow/yr

£2,836

ROI

5%

Gross Yield

11%

Local Sold Prices

50 sold prices from £55K to £225K, average is £110K. £679/m² to £2.7K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£118.5K07/230.92 miApartment 9, Stokes Mill, Higher Tame Street, Stalybridge, Greater Manchester SK15 3AN2
£123K11/220.94 miFlat 18, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£127K12/220.94 miFlat 30, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£109K10/210.95 miFlat 35, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£113K11/200.95 miFlat 19, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£96.5K04/210.95 miFlat 31, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£125K07/220.95 miFlat 33, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£132K06/230.95 miFlat 2, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£135K07/230.95 miFlat 31, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£117.5K08/220.95 miFlat 20, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£124.3K05/220.95 miFlat 34, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£126K05/230.95 miFlat 6, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£139K08/230.96 miFlat 14, Gladstone Mill, Warrington Street, Stalybridge, Greater Manchester SK15 2HA2
£105K05/210.96 miFlat 62, Gladstone Mill, Warrington Street, Stalybridge, Greater Manchester SK15 2HA2
£129K07/230.96 miFlat 60, Gladstone Mill, Warrington Street, Stalybridge, Greater Manchester SK15 2HA2
£116K05/210.96 miFlat 16, Gladstone Mill, Warrington Street, Stalybridge, Greater Manchester SK15 2HA2
£110K05/220.96 miFlat 32, Gladstone Mill, Warrington Street, Stalybridge, Greater Manchester SK15 2HA2
£80K10/211.12 miApartment 16, Regency Court, Waterloo Road, Stalybridge, Greater Manchester SK15 2AD2
£102K07/231.12 miApartment 16, Regency Court, Waterloo Road, Stalybridge, Greater Manchester SK15 2AD2
£138K03/231.17 mi11, Calico Crescent, Carrbrook, Stalybridge, Greater Manchester SK15 3FL2
£69.3K08/211.22 mi10, Newton Street, Stalybridge, Greater Manchester SK15 1LJ2
£100K10/211.23 miFlat 7, Mitre House, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NA2
£105K12/231.23 miFlat 2, Mitre House, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NA2
£100K10/211.23 miFlat 7, Mitre House, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NA2
£135K10/221.27 miFlat 50, Gladstone Mill, Warrington Street, Stalybridge, Greater Manchester SK15 2HA2
£177.5K12/201.41 mi30, Richmond Crescent, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LQ2
£105K04/211.43 mi15, Park Square, Ashton-under-lyne, Greater Manchester OL6 9RT2
£105K10/221.43 mi31, Park Square, Ashton-under-lyne, Greater Manchester OL6 9RT2
£100K12/211.43 mi23, Park Square, Ashton-under-lyne, Greater Manchester OL6 9RT2
£115K02/231.43 mi27, Park Square, Ashton-under-lyne, Greater Manchester OL6 9RT2
£106.5K04/231.43 mi21, Park Square, Ashton-under-lyne, Greater Manchester OL6 9RT2
£92.5K02/221.45 mi35, Cravenwood, Ashton-under-lyne, Greater Manchester OL6 8AX2
£88K11/201.45 mi31, Cravenwood, Ashton-under-lyne, Greater Manchester OL6 8AX2
£94K04/221.45 mi29, Cravenwood, Ashton-under-lyne, Greater Manchester OL6 8AX2
£110K05/221.45 mi43, Cravenwood, Ashton-under-lyne, Greater Manchester OL6 8AX2
£130K08/231.45 mi31, Cravenwood, Ashton-under-lyne, Greater Manchester OL6 8AX2
£55K06/211.58 mi60a, High Street, Stalybridge, Greater Manchester SK15 1SE2
£225K02/221.71 mi3, Lytham Court, Ashton-under-lyne, Greater Manchester OL6 9HZ2
£78K10/231.75 mi16, Hurst Court, Ashton-under-lyne, Greater Manchester OL6 8JD2
£97K09/231.77 mi2, Rowan Crescent, Dukinfield, Greater Manchester SK16 5ET2
£139.5K01/231.77 mi8, Three Counties Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GA2
£105K03/211.77 mi10, Three Counties Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GA2
£117K07/221.77 mi22, Three Counties Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GA2
£110K01/211.77 mi26, Three Counties Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GA2
£110K10/211.77 mi4, Three Counties Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GA2
£110K10/211.77 mi4, Three Counties Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GA2
£139.3K02/221.78 mi17, Border Mill Fold, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GD2
£108K12/201.81 mi51, Border Mill Fold, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GD2
£127K06/231.81 mi69, Border Mill Fold, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GD2
£141K03/231.81 mi29, Border Mill Fold, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GD2

Local Rents

37 rents from £695/mo to £1.2K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£80008/240 miThe Cedar House, Millbrook, Stalybridge2
£82508/240.02 miThistle House, Bramble Court, Millbrook, SK152
£75008/240.02 miThe Thistle House, Stalybridge2
£85011/230.06 miGrenville Street, Stalybridge, Greater Manchester, SK152
£1,00008/240.09 miStaley Farm Close, Stalybridge, Greater Manchester, SK152
£85008/240.09 miStaley Farm Close, Stalybridge, Greater Manchester, SK152
£90004/250.15 mi-2
£79511/230.3 miThe Millbrook, Huddersfield Road, Stalybridge, Greater Manchester, SK152
£90008/240.31 mi-2
£85004/250.69 mi-2
£85008/240.82 miOxford Street, Stalybridge2
£95004/250.85 mi-2
£93504/250.85 mi-2
£80008/240.86 miHuddersfield Road, Stalybridge2
£92503/250.87 mi-2
£80008/240.87 miCroft Street, Stalybridge2
£87503/250.88 mi-2
£83508/240.9 miKnowl Street, Stalybridge2
£1,00011/240.91 mi-2
£1,20012/240.91 mi-2
£69508/240.92 mi-2
£75002/250.92 mi-2
£75004/250.92 mi-2
£80008/240.96 miPortland Place Mottram Road, Stalybridge, Cheshire, SK152
£87508/240.96 miGladstone Mill, Stalybridge2
£89508/240.97 miCecil Street, Stalybridge, Greater Manchester, SK152
£99508/241.05 mi-2
£96504/251.1 mi-2
£99503/251.11 mi-2
£69511/231.12 miRegency Court, Waterloo Road, Stalybridge, SK152
£79508/241.16 mi-2
£70001/251.16 mi-2
£87510/241.19 mi-2
£1,00006/241.19 miKingsley Close, Ashton-Under-Lyne, Lancashire, OL62
£95010/241.2 mi-2
£1,10010/241.2 mi-2
£1,10008/241.21 miCastle Street, Stalybridge, Greater Manchester, SK152

Local Area Statistics

Population in SK15

27,625

Town centre distance

0.54 miles away

Nearest school

0.40 miles away

Nearest train station

1.36 miles away

 

 

Rental growth (12m)

+27%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Listed for £90,000

June 8, 2023

Floor Plans

Description

  • Two Bedroom Apartment +
  • Allocated Parking +
  • Potential Investment Opportunity +
  • Open Plan Lounge & Dining Kitchen +
  • Cash Buyers Only +
  • Viewing By Appointment +

A Wilson Estates are delighted to bring to the market this third floor apartment in this highly sought after area of Millbrook Village. Coming to the market with the added benefit of No Vendor Chain.

Acorn House, Bramble Court is accessed via Grove Road and provides a tucked away feeling with beautiful far reaching views of the nearby landscape.

The property would make a fantastic buy to let opportunity with the apartment having the potential to achieve a rental income of £800 PCM.

Well presented throughout with open plan living, lounge, dining area and modern fitted kitchen, two good size bedrooms, white family bathroom suite and allocated parking.

* CASH BUYERS ONLY *

Ideally located within close proximity to local amenities and schools and walking distance to Stalybridge Country Park. Early viewing essential to avoid disappointment.

Please note the apartment needs to be purchased via a cash buyer only- please contact A Wilson Estates on for more information on this aspect.

Communal Entrance - Letterboxes for all apartments, stairs to all floors.

Entrance Hallway - Doors to all rooms. Entry phone system, large storage/utility cupboard with plumbing for automatic washing machine.

Open Plan Lounge/ Dining & Kitchen - 6.10m x 4.22m narrowing to 3.48m (20 x 13'10 narr - The kitchen area has window to the rear, fitted with a range of floor and wall mounted high gloss units with coordinating work surfaces. Stainless steel sink unit with mixer tap, integrated fridge freezer, built in electric oven and hob with extractor fan above.
In the lounge area there are double opening French doors opening to a Juliette balcony.

Bedroom One - 3.05m x 2.82m (10 x 9'3) - Window to the rear elevation. Fitted double mirror fronted wardrobes.

Bedroom Two - 3.05m x 2.41m (10 x 7'11) - Window to the rear elevation.

Bathroom - Opaque window to the front elevation. Suite comprising of a panel bath with shower attachment over, enclosed shower cubicle, low level W.C & hand wash basin. Heated towel rail.

Externally - Set within well tended communal gardens, bin store and bike shed. And also includes allocated parking.

Additional Information: - Tenure: Leasehold 250 years from built - £100 per year ground rent - £150 per month service charge
Council Tax Band: A
EPC Rating: C
We are looking for cash only buyers, if you are looking to add to your portfolio you could expect a rental income of somewhere in the region of £800 PCM.

Agent Details

A Wilson Estates, Stalybridge

0161 524 5507

Next Steps?

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