3 Bed Terraced House, Refurb/BRRR, Stockport, SK4 1QE, £200,000

Sharples Street, Heaton Norris SK4 1QE - 10 views - a year ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 5%
~80 m²
+11 photos

ValuationFair Value

Sold Prices£135K - £550K
Sold Prices/m²£1.6K/m² - £4.9K/m²

 

 

Square Metres

~80 m²
Price/m²£2.5K/m²

Value Estimate

£204,000

 

 

End Value (After Refurb)

£207,303

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£33,798

Bridging Loan Interest

£5,250

Total Cash In

£97,998

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£207,303

Mortgage (After Refinance)

£155,478

Mortgage LTV

75%

Cash Released

£5,478

Cash Left In

£92,520

Equity

£51,826

Rent Range

£950 - £2,200

Rent Estimate

£1,308

Running Costs/mo

£929

Cashflow/mo

£379

Cashflow/yr

£4,543

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £135K to £550K, average is £274K. £1.6K/m² to £4.9K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£237.5K01/210.1 mi9, Colin Road, Stockport, Greater Manchester SK4 1NJ3
£300K07/230.1 mi9, Colin Road, Stockport, Greater Manchester SK4 1NJ3
£273K12/200.13 mi123, Manchester Road, Stockport, Greater Manchester SK4 1NL3
£285K02/210.13 mi115, Manchester Road, Stockport, Greater Manchester SK4 1NL3
£270K12/220.13 mi186, Lloyd Street, Stockport, Greater Manchester SK4 1NH3
£330K12/200.15 mi220, Manchester Road, Stockport, Greater Manchester SK4 1NN3
£270K11/200.17 mi6, Horace Grove, Stockport, Greater Manchester SK4 1PP3
£166K11/200.17 mi37, Lloyd Street, Stockport, Greater Manchester SK4 1NE3
£239K06/230.17 mi39, Lloyd Street, Stockport, Greater Manchester SK4 1NE3
£250K12/200.19 mi14, Bournville Avenue, Stockport, Greater Manchester SK4 1PR3
£247K02/230.19 mi3, Bournville Avenue, Stockport, Greater Manchester SK4 1PR3
£275K02/210.21 mi22, Kingsley Avenue, Stockport, Greater Manchester SK4 1PW3
£166K03/210.23 mi55, Old Road, Stockport, Greater Manchester SK4 1TD3
£242.5K03/210.26 mi34, Empress Drive, Stockport, Greater Manchester SK4 2RW3
£217K04/210.26 mi9, Empress Drive, Stockport, Greater Manchester SK4 2RW3
£253.5K09/210.26 mi7, Empress Drive, Stockport, Greater Manchester SK4 2RW3
£135K02/210.26 mi70, Frobisher Place, Stockport, Greater Manchester SK5 7PF3
£145K02/210.26 mi55, Frobisher Place, Stockport, Greater Manchester SK5 7PF3
£310K06/230.3 mi1, Cotswold Road, Stockport, Greater Manchester SK4 1JS3
£180K04/230.31 mi25, Cabot Place, Stockport, Greater Manchester SK5 7PD3
£340K03/230.31 mi23, Gower Road, Heaton Chapel, Stockport, Greater Manchester SK4 2QY3
£193K06/230.34 mi10a, Reddish Road, Stockport, Greater Manchester SK5 7PE3
£350K12/200.39 mi249, Manchester Road, Stockport, Greater Manchester SK4 5EB3
£500K09/220.39 mi12, Warwick Road, Stockport, Greater Manchester SK4 4NQ3
£135.5K04/230.4 mi62, Reddish Road, Stockport, Greater Manchester SK5 7QU3
£550K04/210.4 mi7, Sutton Road, Stockport, Greater Manchester SK4 2PR3
£315K03/230.41 mi24, Gail Avenue, Stockport, Greater Manchester SK4 2PY3
£135K04/230.41 mi8, Gail Avenue, Stockport, Greater Manchester SK4 2PY3
£381.5K12/220.41 mi1, Gail Avenue, Stockport, Greater Manchester SK4 2PY3
£447.4K04/210.41 mi48, Heaton Road, Stockport, Greater Manchester SK4 4JJ3
£402K12/200.42 mi17, Ashburn Road, Stockport, Greater Manchester SK4 2PU3
£240K08/210.43 mi68, Greg Street, Stockport, Greater Manchester SK5 7LB3
£267K02/210.43 mi15, Church Road, Stockport, Greater Manchester SK4 1LJ3
£230K03/230.43 mi42, Church Road, Stockport, Greater Manchester SK4 1LJ3
£330K04/210.43 mi20, St Leonards Road, Stockport, Greater Manchester SK4 2RD3
£410K12/220.43 mi18, St Leonards Road, Stockport, Greater Manchester SK4 2RD3
£440K03/230.43 mi22, St Leonards Road, Stockport, Greater Manchester SK4 2RD3
£415K06/210.44 mi24, Ashburn Road, Stockport, Greater Manchester SK4 2PS3
£392.9K05/210.45 mi4, Orthes Grove, Stockport, Greater Manchester SK4 5EE3
£275K08/210.45 mi10, Bollington Road, Stockport, Greater Manchester SK4 5ET3
£260K04/210.45 mi3, Bollington Road, Stockport, Greater Manchester SK4 5ET3
£287.5K09/210.45 mi61, Ashburn Road, Stockport, Greater Manchester SK4 2PU3
£520K12/200.45 mi35, Ashburn Road, Stockport, Greater Manchester SK4 2PU3
£348K06/230.45 mi58, Ashburn Road, Stockport, Greater Manchester SK4 2PU3
£187K03/210.46 mi117, Bangor Street, Stockport, Greater Manchester SK5 7QA3
£195K06/230.46 mi14, Clare Road, Stockport, Greater Manchester SK5 7QW3
£460K08/210.46 mi6, Rosedale Road, Stockport, Greater Manchester SK4 2QU3
£190K11/210.47 mi39, Gair Road, Stockport, Greater Manchester SK5 7LH3
£385K08/210.47 mi3, Fairholme Road, Stockport, Greater Manchester SK4 2QB3
£452.5K03/210.48 mi14, Brackley Road, Stockport, Greater Manchester SK4 2QT3

Local Rents

45 rents from £950/mo to £2.2K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,40009/240.08 miLower moat close SK43
£1,10008/240.28 mi-3
£1,10008/240.28 miPearson Street, Stockport, SK53
£1,15008/240.4 miMelton Street, Stockport, Greater Manchester, SK53
£1,50008/240.43 miGreen Bank Terrace, Stockport, Greater Manchester, SK43
£1,50009/240.54 miWhirley Close, Heaton Chapel, Stockport3
£1,25008/240.55 miMeadow Mill, Water Street, Stockport3
£1,50008/240.61 miNursery Road, Heaton Norris, Stockport3
£1,30008/240.63 mi-3
£2,00008/240.71 miEgerton Road North, Heaton Moor, Stockport3
£2,20004/250.73 mi-3
£1,25002/240.82 mi-3
£1,98008/240.82 mi-3
£1,35009/240.82 miHeaton Moor Road, Heaton Moor, Stockport, SK43
£1,37509/240.83 mi4Weston Grove, Stockport, Greater Manchester, SK43
£1,40008/240.87 miShaw House, Shaw Road, Heaton Moor3
£1,15002/240.87 mi-3
£95008/240.88 miBrinnington Road,Stockport,SK13
£1,15012/240.92 mi-3
£1,05008/240.96 miConiston Road, Reddish, SK53
£1,50002/200.98 miKeswick Road, Stockport, SK43
£1,15009/240.99 miHeaton Moor Road, Heaton Moor, Stockport, SK43
£1,29510/241 mi-3
£1,40008/241.01 mi-3
£1,40008/241.01 miHarrow Drive, Stockport, SK43
£97509/241.03 miWestminster Avenue, Stockport3
£1,25008/241.03 miBlackbrook Road, Heaton Chapel, Stockport, SK43
£1,20008/241.05 miVernon Avenue; Stockport; SK13
£1,50008/241.05 mi-3
£1,10012/241.06 mi-3
£1,20009/241.07 miHurst Street, Reddish, Stockport, SK53
£1,35004/251.07 mi-3
£1,64508/241.11 miDidsbury Road, Heaton Mersey, Stockport, SK43
£1,35008/241.14 miTurncroft Lane, Offerton3
£1,35008/241.14 miTurncroft Lane, Offerton, SK13
£99512/241.14 miGlebe Street, Offerton3
£1,45008/241.16 miVictoria Mill, Houldsworth Street, Reddish, Greater Manchester, SK53
£1,45009/241.16 miVictoria Mill, Houldsworth Street, Reddish, Greater Manchester, SK53
£1,19502/251.17 mi-3
£1,25003/251.19 mi-3
£1,30008/241.2 miStopford Street, Edgeley3
£1,25009/241.2 miHolcombe Walk, Stockport, SK43
£1,00012/241.22 mi1 York Street, Stockport3
£1,25009/241.22 miBrinnington Road, Brinington, Stockport3
£1,20011/241.24 mi-3

Local Area Statistics

Population in SK4

34,510

Population in Stockport

181,140

Town centre distance

2.60 miles away

Nearest school

0.10 miles away

Nearest train station

0.70 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-9%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £200,000

January 22, 2024

Floor Plans

Description

  • Three Bedrooms +
  • In Need Of Modernising +
  • Dining Kitchen +
  • Double Glazing +
  • Gas Central Heating +
  • Lawned Gardens +
  • Garage At Rear +
  • No Chain +

A modern three bedroom terrace property in need of modernising throughout but all the ingredients are there for a purchaser to carry out improvements to their own tastes and requirements. Gas central heating and double glazing are installed. Rooms include a porch, an entrance hall, a lounge, a dining kitchen has a sliding patio door to the lawned rear garden and to the first floor there are three bedrooms and a bathroom. The property is well set back from the road and has a lawned front garden together with the back garden which also has access to the garage with an up and over door. Sharples Street is conveniently located for local amenities catering for most of the everyday wants and needs and for the commuter Heaton Chapel train station is just a 0.9 mile walk away with trains operating into both Stockport and Manchester centres. The property is leasehold for the remainder of a 999 year term from 9/4/1978 with a ground rent of £15.00 per annum. Council tax band B=£1,738.06.

Agent Details

John Mellor Independent Estate Agents, Heaton Moor

0161 524 4074

Next Steps?

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