3 Bed Semi-Detached House, Refurb/BRRR, Stockport, SK4 2BG, £290,000

Craig Road, Heaton Mersey, Stockport, SK4 2BG - a year ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£145K - £597K
Sold Prices/m²£1.5K/m² - £5.3K/m²

 

 

Square Metres

~93 m²
Price/m²£3.1K/m²

Value Estimate

£292,900

 

 

End Value (After Refurb)

£336,316

Uplift in Value

+16%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£11,900

Refurb Costs

£39,290

Bridging Loan Interest

£7,613

Total Cash In

£133,052

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£336,316

Mortgage (After Refinance)

£252,237

Mortgage LTV

75%

Cash Released

£34,737

Cash Left In

£98,315

Equity

£84,079

Rent Range

£1,000 - £2,000

Rent Estimate

£1,429

Running Costs/mo

£1,357

Cashflow/mo

£72

Cashflow/yr

£867

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £145K to £597K, average is £301.5K. £1.5K/m² to £5.3K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£278K05/210.09 mi23, Valley Road, Stockport, Greater Manchester SK4 2BZ3
£326K01/230.13 mi37, Valley Road, Stockport, Greater Manchester SK4 2BZ3
£270K07/210.17 mi60, Valley Road, Stockport, Greater Manchester SK4 2DA3
£458K02/230.18 mi17, Briar Hollow, Stockport, Greater Manchester SK4 2EE3
£310K06/210.2 mi7, Sandringham Drive, Stockport, Greater Manchester SK4 2DE3
£302K06/210.2 mi10, Briars Mount, Stockport, Greater Manchester SK4 2EB3
£317.5K03/210.2 mi34, Briars Mount, Stockport, Greater Manchester SK4 2EB3
£315K12/220.22 mi10, Rosewood Avenue, Stockport, Greater Manchester SK4 2DQ3
£307K04/210.23 mi31, Rosewood Avenue, Stockport, Greater Manchester SK4 2DQ3
£304.6K01/230.24 mi5, Rosewood Avenue, Stockport, Greater Manchester SK4 2DQ3
£270K04/230.26 mi7, Bramley Crescent, Stockport, Greater Manchester SK4 2AX3
£285K04/230.26 mi21, Branksome Road, Stockport, Greater Manchester SK4 2AG3
£301K01/230.27 mi47, Boddens Hill Road, Stockport, Greater Manchester SK4 2DG3
£279.9K10/200.27 mi16, Boddens Hill Road, Stockport, Greater Manchester SK4 2DG3
£279.9K10/200.27 mi12, Boddens Hill Road, Stockport, Greater Manchester SK4 2DG3
£350K06/230.27 mi26, Boddens Hill Road, Stockport, Greater Manchester SK4 2DG3
£262K07/230.33 mi59, Stockport Road, Stockport, Greater Manchester SK3 0HZ3
£254.9K05/230.33 mi12, Stockport Road, Stockport, Greater Manchester SK3 0HZ3
£240K02/230.33 mi55, Stockport Road, Stockport, Greater Manchester SK3 0HZ3
£347K12/200.33 mi69, Boddens Hill Road, Stockport, Greater Manchester SK4 2DG3
£293.9K01/230.35 mi108, Valley Road, Stockport, Greater Manchester SK4 2DB3
£150K05/210.35 mi10, Swythamley Road, Stockport, Greater Manchester SK3 0NE3
£327K05/210.37 mi12, Marcliff Grove, Stockport, Greater Manchester SK4 2AB3
£450K02/210.37 mi31, Marcliff Grove, Stockport, Greater Manchester SK4 2AB3
£455K04/210.37 mi19, Belldale Close, Stockport, Greater Manchester SK4 3JQ3
£378K12/200.37 mi28, Belldale Close, Stockport, Greater Manchester SK4 3JQ3
£245K12/200.37 mi144, Didsbury Road, Stockport, Greater Manchester SK4 2HH3
£205K05/210.38 mi81, Stockport Road, Stockport, Greater Manchester SK3 0JG3
£212K08/230.39 mi4, Meerbrook Road, Stockport, Greater Manchester SK3 0NJ3
£225.5K06/230.39 mi23, Ash Street, Stockport, Greater Manchester SK3 0JR3
£145K08/210.4 mi7, Garrett Walk, Stockport, Greater Manchester SK3 0LF3
£253.5K12/200.41 mi23, Park Drive, Stockport, Greater Manchester SK4 2HJ3
£242K01/210.41 mi5, St Augustines Road, Stockport, Greater Manchester SK3 0JN3
£240K06/210.41 mi8, Hythe Road, Stockport, Greater Manchester SK3 0JQ3
£250K11/200.41 mi4, Hythe Road, Stockport, Greater Manchester SK3 0JQ3
£550K01/210.42 mi19, Queens Drive, Stockport, Greater Manchester SK4 3JN3
£253.3K05/230.45 mi47, Didsbury Road, Stockport, Greater Manchester SK4 2BD3
£367K07/230.45 mi4, June Avenue, Stockport, Greater Manchester SK4 2HN3
£399.9K02/210.45 mi4, Marlcroft Avenue, Stockport, Greater Manchester SK4 3LZ3
£415K05/230.46 mi7, March Avenue, Stockport, Greater Manchester SK4 2LB3
£475K09/210.46 mi6, Brompton Road, Stockport, Greater Manchester SK4 3HH3
£460K08/210.46 mi2, Brompton Road, Stockport, Greater Manchester SK4 3HH3
£280K03/230.46 mi7, Tillard Avenue, Cheadle Heath, Stockport, Greater Manchester SK3 0UB3
£149K03/210.47 mi10, Bennett Close, Stockport, Greater Manchester SK3 0LU3
£597K12/220.47 mi2, Highfield Park, Stockport, Greater Manchester SK4 3HD3
£365K08/210.47 mi54, Moorside Road, Stockport, Greater Manchester SK4 4DS3
£375K06/210.47 mi45, Moorside Road, Stockport, Greater Manchester SK4 4DS3
£400K04/230.47 mi44, Moorside Road, Stockport, Greater Manchester SK4 4DS3
£355K10/210.47 mi46, Moorside Road, Stockport, Greater Manchester SK4 4DS3
£285K03/210.48 mi22, Lodge Court, Stockport, Greater Manchester SK4 3HZ3

Local Rents

49 rents from £1K/mo to £2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,25003/250.1 mi-3
£1,69508/240.28 miLeeside, Heaton Mersey, Stockport3
£1,64508/240.33 miDidsbury Road, Heaton Mersey, Stockport, SK43
£1,30012/240.55 miDorrington Road, Stockport, SK33
£1,30012/240.56 miStockport Road, Cheadle Heath, Stockport, SK3 0RG3
£1,30008/240.58 mi-3
£1,30008/240.58 miAvondale Road, Stockport, SK33
£1,20008/240.63 miBirchfield Road, Stockport, Greater Manchester, SK33
£1,29510/240.63 mi-3
£1,30008/240.65 miSelsey Avenue, Stockport, Greater Manchester, SK33
£1,49502/250.66 mi-3
£1,75012/240.67 mi-3
£2,00003/250.68 mi-3
£1,70012/240.68 miParkway SK33
£1,30012/240.69 miCheltenham Road, Stockport, Greater Manchester, SK3 0SL3
£1,15009/240.7 miHeaton Moor Road, Heaton Moor, Stockport, SK43
£1,50008/240.7 miNursery Road, Heaton Norris, Stockport3
£1,20008/240.71 miShaftsbury road Cheadle Heath SK33
£1,25008/240.74 miChatham Street, Edgeley, Stockport, SK33
£1,30008/240.76 mi-3
£1,39008/240.79 miMeltham Close, Stockport, Greater Manchester, SK43
£1,10008/240.87 miGladville Drive, Cheadle, Cheshire, SK83
£2,00009/240.87 miBluestone Drive, Stockport3
£1,75002/250.9 mi-3
£1,35004/250.94 mi-3
£1,45009/240.94 miCrossgate Mews, Heaton Mersey, Stockport3
£1,65001/250.95 mi-3
£1,45012/240.97 miSykes Meadow, Stockport, Cheshire, SK33
£1,35009/240.97 miHeaton Moor Road, Heaton Moor, Stockport, SK43
£1,35003/250.97 mi-3
£1,50008/240.98 miBerwick Avenue, Heaton Mersey, Stockport3
£1,30008/240.99 miStopford Street, Edgeley3
£1,30009/241 miBerwick Avenue, Heaton Mersey, Stockport, SK43
£1,45008/241 miCuthbert Road, Cheadle, Greater Manchester, SK83
£1,10008/241 miJennings Street, Stockport, SK3 9BX3
£1,50008/241.01 mi-3
£1,55012/241.01 miEuropa Way, Cheadle, Stockport SK33
£1,60008/241.01 mi-3
£1,45012/241.02 miPetersburg Road, Edgeley, Stockport, SK33
£1,35008/241.02 miKingsleigh Road, Heaton Mersey, Stockport, Greater Manchester, SK43
£1,75008/241.03 mi-3
£1,39012/241.04 mi-3
£1,25002/241.05 mi-3
£1,98008/241.05 mi-3
£1,00012/241.1 mi1 York Street, Stockport3
£1,40008/241.1 miShaw House, Shaw Road, Heaton Moor3
£1,60009/241.12 miPark Road, Cheadle, Greater Manchester, SK83
£1,80012/241.13 mi-3
£1,40009/241.13 miWhitehurst Road, Stockport, Cheshire, SK43

Local Area Statistics

Population in SK4

34,510

Population in Stockport

181,140

Town centre distance

2.87 miles away

Nearest school

0.10 miles away

Nearest train station

1.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-9%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £290,000

April 17, 2024

Floor Plans

Description

Chain-free and extended three bedroom semi-detached home on the south side of Craig Road in Heaton Mersey offered to the market requiring some modernisation internally that will be appealing to first-time buyers and families looking for a property to improve to their own specification. The property has benefited from improvements to double-glazing almost throughout the entire home and includes a modern combination boiler for its heating system. Early viewings recommended as rarely do properties grace the market on the south side of this popular Heaton Mersey road.

Heaton Mersey is highly regarded for having a wealth of reputable local schools, parks and transport links. Heaton Moor Road is also a mere ten minutes away that offers a variety of shops, bars and retail outlets. Ample green walks are also nearby completing the idyllic setting.

Entering through the hallway, the property itself is briefly comprised of: spacious open-plan living/dining room with characteristic bay window to the front and sliding doors to the rear, large conservatory spanning almost the entire width of the property which enjoys the sun throughout the day as it is south-facing, a galley-style kitchen including fitted units, cupboards and worktops, three well-proportioned bedrooms upstairs, and a shower room comprised of a three-piece suite with tiling.

Externally, there are mature gardens to the front and ample off-street parking on the driveway extending from the front to back of the plot, which is gated approximately hallway down. To the rear, the larger-than-average garden is the highlight of this wonderful home being a fantastic size, enjoying the sun throughout the day, and including a double garage to the rear which could be removed to add to this generous plot. Beyond the rear of the plot is greenery, adding a sense of privacy to the garden.

Agent Details

Julian Wadden, Heaton Moor

0161 524 6124

Next Steps?

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