3 Bed Semi-Detached House, Refurb/BRRR, Stockport, SK4 4DP, £300,000

44 Bankhall Road, Heaton Moor, Stockport, SK4 4DP - 2 views - a year ago

Refurb/BRRR

ROI: 2%

~68 m²

+8 photos

ValuationOvervalued

Sold Prices	£245K - £550K
Sold Prices/m²	£2.1K/m² - £5.4K/m²

Square Metres	~68 m²
Price/m²	£4.4K/m²
Value Estimate	£266,284£266,284

End Value (After Refurb)	£306,125£306,125
Uplift in Value	+2%+2%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£18,700£18,700
Refurb Costs	£28,728£28,728
Bridging Loan Interest	£7,875£7,875
Total Cash In	£132,053£132,053

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£306,125£306,125
Mortgage (After Refinance)	£229,594£229,594
Mortgage LTV	75%75%
Cash Released	£4,594£4,594
Cash Left In	£127,459£127,459
Equity	£76,531£76,531
Rent Range	£1,150 - £2,000£1,150 - £2,000
Rent Estimate	£1,486
Running Costs/mo	£1,274£1,274
Cashflow/mo	£212£212
Cashflow/yr	£2,546£2,546
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £245K to £550K, average is £363.5K. £2.1K/m² to £5.4K/m², average is £4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£327K	05/21	0.06 mi	12, Marcliff Grove, Stockport, Greater Manchester SK4 2AB	£4,037	81	3	Semi-Detached House
£450K	02/21	0.06 mi	31, Marcliff Grove, Stockport, Greater Manchester SK4 2AB	£5,233	86	3	Semi-Detached House
£455K	04/21	0.08 mi	19, Belldale Close, Stockport, Greater Manchester SK4 3JQ	-	-	3	Detached House
£378K	12/20	0.08 mi	28, Belldale Close, Stockport, Greater Manchester SK4 3JQ	£5,040	75	3	Detached House
£365K	08/21	0.09 mi	54, Moorside Road, Stockport, Greater Manchester SK4 4DS	-	-	3	Terraced House
£375K	06/21	0.09 mi	45, Moorside Road, Stockport, Greater Manchester SK4 4DS	£4,076	92	3	Terraced House
£400K	04/23	0.09 mi	44, Moorside Road, Stockport, Greater Manchester SK4 4DS	£4,396	91	3	Terraced House
£355K	10/21	0.09 mi	46, Moorside Road, Stockport, Greater Manchester SK4 4DS	£4,176	85	3	Terraced House
£385K	01/21	0.11 mi	15, Fullerton Road, Stockport, Greater Manchester SK4 4ET	£5,133	75	3	Terraced House
£550K	01/21	0.14 mi	19, Queens Drive, Stockport, Greater Manchester SK4 3JN	£4,508	122	3	Detached House
£415K	01/21	0.16 mi	44, Albert Road, Stockport, Greater Manchester SK4 4EG	£2,842	146	3	Terraced House
£490K	02/21	0.16 mi	8, Fullerton Road, Stockport, Greater Manchester SK4 4EN	£4,414	111	3	Semi-Detached House
£302K	06/21	0.18 mi	10, Briars Mount, Stockport, Greater Manchester SK4 2EB	£3,974	76	3	Semi-Detached House
£317.5K	03/21	0.18 mi	34, Briars Mount, Stockport, Greater Manchester SK4 2EB	£3,872	82	3	Semi-Detached House
£377.5K	06/23	0.18 mi	13, Barnard Avenue, Stockport, Greater Manchester SK4 4EP	-	-	3	Semi-Detached House
£400K	12/22	0.18 mi	22, Carlton Road, Stockport, Greater Manchester SK4 3LA	£3,846	104	3	Semi-Detached House
£307K	04/21	0.19 mi	31, Rosewood Avenue, Stockport, Greater Manchester SK4 2DQ	£4,515	68	3	Terraced House
£442K	02/21	0.2 mi	65, Curtis Road, Stockport, Greater Manchester SK4 3JU	£3,623	122	3	Semi-Detached House
£255K	01/21	0.2 mi	2, Grosvenor Road, Stockport, Greater Manchester SK4 4ED	£2,143	119	3	Terraced House
£315K	12/22	0.2 mi	10, Rosewood Avenue, Stockport, Greater Manchester SK4 2DQ	-	-	3	Detached House
£485K	06/21	0.21 mi	9, Alvaston Avenue, Stockport, Greater Manchester SK4 4EW	£5,386	90	3	Semi-Detached House
£399.9K	02/21	0.21 mi	4, Marlcroft Avenue, Stockport, Greater Manchester SK4 3LZ	£3,669	109	3	Detached House
£458K	02/23	0.21 mi	17, Briar Hollow, Stockport, Greater Manchester SK4 2EE	-	-	3	Detached House
£270K	04/23	0.21 mi	7, Bramley Crescent, Stockport, Greater Manchester SK4 2AX	£3,103	87	3	Semi-Detached House
£340K	05/21	0.21 mi	7, Chinley Close, Stockport, Greater Manchester SK4 4ER	-	-	3	Semi-Detached House
£460K	06/21	0.21 mi	11, Grosvenor Road, Stockport, Greater Manchester SK4 4EE	£4,381	105	3	Detached House
£304.6K	01/23	0.21 mi	5, Rosewood Avenue, Stockport, Greater Manchester SK4 2DQ	£4,621	66	3	Detached House
£347K	12/20	0.23 mi	69, Boddens Hill Road, Stockport, Greater Manchester SK4 2DG	£3,142	110	3	Semi-Detached House
£475K	09/21	0.23 mi	6, Brompton Road, Stockport, Greater Manchester SK4 3HH	£4,214	113	3	Semi-Detached House
£460K	08/21	0.23 mi	2, Brompton Road, Stockport, Greater Manchester SK4 3HH	-	-	3	Detached House
£340K	10/20	0.24 mi	1, Evesham Avenue, Stockport, Greater Manchester SK4 3LQ	£3,558	96	3	Semi-Detached House
£426K	08/21	0.24 mi	6, Carlton Road, Stockport, Greater Manchester SK4 3LA	-	-	3	Semi-Detached House
£301K	01/23	0.25 mi	47, Boddens Hill Road, Stockport, Greater Manchester SK4 2DG	£4,181	72	3	Terraced House
£279.9K	10/20	0.25 mi	16, Boddens Hill Road, Stockport, Greater Manchester SK4 2DG	£3,636	77	3	Detached House
£350K	06/23	0.25 mi	26, Boddens Hill Road, Stockport, Greater Manchester SK4 2DG	£5,337	66	3	Detached House
£310K	06/21	0.25 mi	7, Sandringham Drive, Stockport, Greater Manchester SK4 2DE	£3,974	78	3	Detached House
£425K	09/21	0.26 mi	17, Carlton Road, Stockport, Greater Manchester SK4 3JZ	-	-	3	Semi-Detached House
£415K	05/23	0.26 mi	7, March Avenue, Stockport, Greater Manchester SK4 2LB	£4,323	96	3	Terraced House
£285K	04/23	0.26 mi	21, Branksome Road, Stockport, Greater Manchester SK4 2AG	£3,434	83	3	Semi-Detached House
£435K	02/21	0.29 mi	24, Balmoral Road, Stockport, Greater Manchester SK4 4EB	£4,833	90	3	Semi-Detached House
£362K	06/21	0.29 mi	52, Winchester Drive, Stockport, Greater Manchester SK4 2NU	£3,042	119	3	Detached House
£326K	03/21	0.29 mi	29, Winchester Drive, Stockport, Greater Manchester SK4 2NU	£4,234	77	3	Terraced House
£379.5K	12/20	0.29 mi	35, Winchester Drive, Stockport, Greater Manchester SK4 2NU	£2,919	130	3	Terraced House
£337K	04/21	0.29 mi	42, Winchester Drive, Stockport, Greater Manchester SK4 2NU	£3,830	88	3	Terraced House
£315K	11/20	0.29 mi	50, Winchester Drive, Stockport, Greater Manchester SK4 2NU	£2,172	145	3	Detached House
£367K	07/23	0.29 mi	4, June Avenue, Stockport, Greater Manchester SK4 2HN	£4,078	90	3	Semi-Detached House
£245K	12/20	0.3 mi	144, Didsbury Road, Stockport, Greater Manchester SK4 2HH	£2,753	89	3	Semi-Detached House
£253.5K	12/20	0.3 mi	23, Park Drive, Stockport, Greater Manchester SK4 2HJ	£4,089	62	3	Semi-Detached House
£270K	07/21	0.32 mi	60, Valley Road, Stockport, Greater Manchester SK4 2DA	£3,600	75	3	Semi-Detached House
£278K	05/21	0.33 mi	23, Valley Road, Stockport, Greater Manchester SK4 2BZ	£3,610	77	3	Semi-Detached House

Local Rents

48 rents from £1.1K/mo to £2K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,645	08/24	0.05 mi	Didsbury Road, Heaton Mersey, Stockport, SK4	3	Detached House
£1,295	10/24	0.25 mi	-	3	Flat
£1,695	08/24	0.3 mi	Leeside, Heaton Mersey, Stockport	3	Detached House
£1,150	09/24	0.32 mi	Heaton Moor Road, Heaton Moor, Stockport, SK4	3	Flat
£1,250	04/25	0.33 mi	-	3	Semi-Detached House
£1,300	08/24	0.47 mi	-	3	Terraced House
£1,500	08/24	0.52 mi	Nursery Road, Heaton Norris, Stockport	3	Detached House
£1,350	09/24	0.6 mi	Heaton Moor Road, Heaton Moor, Stockport, SK4	3	Flat
£1,500	08/24	0.63 mi	-	3	Detached House
£2,000	09/24	0.66 mi	Bluestone Drive, Stockport	3	Bungalow
£1,250	02/24	0.68 mi	-	3	Flat
£1,980	08/24	0.68 mi	-	3	Terraced House
£1,400	08/24	0.72 mi	Shaw House, Shaw Road, Heaton Moor	3	Flat
£1,350	08/24	0.76 mi	Kingsleigh Road, Heaton Mersey, Stockport, Greater Manchester, SK4	3	Detached House
£1,390	08/24	0.82 mi	Meltham Close, Stockport, Greater Manchester, SK4	3	Detached House
£1,400	09/24	0.82 mi	Whitehurst Road, Stockport, Cheshire, SK4	3	Semi-Detached House
£1,500	08/24	0.86 mi	Berwick Avenue, Heaton Mersey, Stockport	3	Detached House
£1,300	08/24	0.86 mi	-	3	Semi-Detached House
£1,300	08/24	0.86 mi	Avondale Road, Stockport, SK3	3	Detached House
£1,300	09/24	0.9 mi	Berwick Avenue, Heaton Mersey, Stockport, SK4	3	Semi-Detached House
£1,400	04/25	0.9 mi	-	3	Semi-Detached House
£1,300	12/24	0.92 mi	Dorrington Road, Stockport, SK3	3	Semi-Detached House
£1,450	09/24	0.93 mi	Crossgate Mews, Heaton Mersey, Stockport	3	Terraced House
£1,300	12/24	0.94 mi	Stockport Road, Cheadle Heath, Stockport, SK3 0RG	3	Terraced House
£1,300	08/24	0.97 mi	Selsey Avenue, Stockport, Greater Manchester, SK3	3	Detached House
£1,250	08/24	0.98 mi	Chatham Street, Edgeley, Stockport, SK3	3	Terraced House
£1,650	05/24	0.99 mi	Carrgreen Close, Manchester, M19	3	Detached House
£1,500	05/24	0.99 mi	-	3	Semi-Detached House
£1,500	12/24	0.99 mi	-	3	Semi-Detached House
£1,200	08/24	1 mi	Birchfield Road, Stockport, Greater Manchester, SK3	3	Terraced House
£2,000	08/24	1.04 mi	Egerton Road North, Heaton Moor, Stockport	3	Detached House
£1,495	02/25	1.04 mi	-	3	Detached House
£1,700	12/24	1.04 mi	Parkway SK3	3	Detached House
£1,500	12/24	1.04 mi	-	3	Semi-Detached House
£1,400	02/25	1.04 mi	-	3	Semi-Detached House
£1,800	12/24	1.05 mi	-	3	Semi-Detached House
£1,750	12/24	1.05 mi	-	3	Detached House
£2,000	03/25	1.06 mi	-	3	Semi-Detached House
£1,300	12/24	1.07 mi	Cheltenham Road, Stockport, Greater Manchester, SK3 0SL	3	House
£1,350	04/25	1.08 mi	-	3	Terraced House
£1,400	09/24	1.09 mi	Lower moat close SK4	3	Detached House
£1,200	08/24	1.09 mi	Shaftsbury road Cheadle Heath SK3	3	Flat
£1,400	08/24	1.11 mi	-	3	Semi-Detached House
£1,400	08/24	1.11 mi	Harrow Drive, Stockport, SK4	3	Detached House
£1,500	09/24	1.12 mi	Whirley Close, Heaton Chapel, Stockport	3	Semi-Detached House
£1,300	04/25	1.13 mi	-	3	Semi-Detached House
£1,300	02/24	1.14 mi	-	3	Semi-Detached House
£1,700	05/24	1.15 mi	Homestead Crescent, Manchester, M19	3	Detached House

Local Area Statistics

Population in SK4	34,51034,510
Population in Stockport	181,140181,140
Town centre distance	3.03 miles away3.03 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.95 miles away0.95 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-9%-9%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+31%+31%

Property History

Price changed to £300,000

March 20, 2025

Listed for £290,000

January 17, 2024

Floor Plans

Description

Three Bedrooms +
Gas Central Heating +
In Need Of Updating +
Fantastic Location +
Close To Shops +
Train Station 1.0 Mile Walk +
Drive & Garage +
Enclosed Rear Garden +

A three bedroom semi detached family home situated a short stroll away from local amenities catering for most of the everyday wants and needs together with bars, restaurants, cafes, sports facilities and the beautiful Savoy Cinema. In addition for the commuter Heaton Chapel Train Station and East Didsbury Metrolink are a 1.00 and 1.3 mile walk away. The accommodation is in need of updating but all the ingredients are there for a purchaser to carry out improvements to their own tastes and requirements. The property is gas centrally heated and there is a driveway providing off road parking and leading to the rear of the property where a garage will be found. An enclosed lawned rear garden completes the property. Council tax band C and the property is Freehold.