2 Bed Terraced House, Refurb/BRRR, Stockport, SK4 4EF, £315,000

Devonshire Road, Heaton Moor, Stockport, SK4 4EF - 9 views - a year ago

Sold STC
Refurb/BRRR
~83 m²
+10 photos

ValuationOvervalued

Sold Prices£130K - £395K
Sold Prices/m²£2.2K/m² - £5.4K/m²

 

 

Square Metres

~83.40 m²
Price/m²£3.8K/m²

Value Estimate

£253,076

 

 

End Value (After Refurb)

£339,918

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£78,750

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£35,234

Bridging Loan Interest

£8,269

Total Cash In

£138,703

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£339,918

Mortgage (After Refinance)

£254,939

Mortgage LTV

75%

Cash Released

£18,689

Cash Left In

£120,014

Equity

£84,980

Rent Range

£850 - £2,300

Rent Estimate

£1,112

Running Costs/mo

£1,305

Cashflow/mo

£-193

Cashflow/yr

£-2,312

Gross Yield

4%

Local Sold Prices

50 sold prices from £130K to £395K, average is £275.5K. £2.2K/m² to £5.4K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£350K08/230.01 mi25, Devonshire Road, Stockport, Greater Manchester SK4 4EF2
£325K12/200.08 mi50, Moorside Road, Stockport, Greater Manchester SK4 4DS2
£320K05/210.08 mi48, Moorside Road, Stockport, Greater Manchester SK4 4DS2
£357K07/230.1 mi21, Ventnor Road, Stockport, Greater Manchester SK4 4EJ2
£395K07/210.1 mi4, Albert Road, Stockport, Greater Manchester SK4 4EQ2
£200K01/210.32 mi41, Norris Hill Drive, Stockport, Greater Manchester SK4 2NR2
£276.5K06/210.33 mi30, Briars Mount, Stockport, Greater Manchester SK4 2EB2
£312.5K07/230.34 mi32, Briars Mount, Stockport, Greater Manchester SK4 2EB2
£290K07/210.34 mi32, Briars Mount, Stockport, Greater Manchester SK4 2EB2
£242K02/210.37 mi17, Crescent Park, Stockport, Greater Manchester SK4 2HT2
£290K05/230.39 mi14, Langham Road, Stockport, Greater Manchester SK4 2AH2
£285K06/210.46 mi277, Green Lane, Stockport, Greater Manchester SK4 2LZ2
£234K01/230.47 mi31, Craig Close, Stockport, Greater Manchester SK4 2BH2
£265K10/200.48 mi7, Mount Road, Stockport, Greater Manchester SK4 2NB2
£208K11/210.49 mi25, Greenside, Stockport, Greater Manchester SK4 2DL2
£260K02/210.51 mi6, Newby Road, Stockport, Greater Manchester SK4 2JJ2
£340K12/200.54 mi7, Didsbury Road, Stockport, Greater Manchester SK4 2BD2
£274.5K09/210.54 mi43, Didsbury Road, Stockport, Greater Manchester SK4 2BD2
£247K06/210.55 mi91, Craig Road, Stockport, Greater Manchester SK4 2BG2
£234.5K10/210.61 mi433, Didsbury Road, Stockport, Greater Manchester SK4 3BY2
£380K03/210.66 mi58, Vale Close, Stockport, Greater Manchester SK4 3DS2
£330K08/230.66 mi9, Vale Close, Stockport, Greater Manchester SK4 3DS2
£337.2K06/230.66 mi31, Vale Close, Stockport, Greater Manchester SK4 3DS2
£312.5K06/210.66 mi19, Hawthorn Road, Stockport, Greater Manchester SK4 3DQ2
£225K12/220.68 mi15, Dunblane Avenue, Stockport, Greater Manchester SK4 2LY2
£250K08/210.68 mi16, Dunblane Avenue, Stockport, Greater Manchester SK4 2LY2
£312K03/210.69 mi10, Poplar Street, Stockport, Greater Manchester SK4 3DG2
£310K11/200.69 mi6, Poplar Street, Stockport, Greater Manchester SK4 3DG2
£325K03/210.69 mi28, Poplar Street, Stockport, Greater Manchester SK4 3DG2
£280K04/210.69 mi7, Poplar Street, Stockport, Greater Manchester SK4 3DG2
£292.5K06/230.7 mi35, Lyme Street, Stockport, Greater Manchester SK4 3DF2
£283K05/230.7 mi27, Lyme Street, Stockport, Greater Manchester SK4 3DF2
£287.5K04/210.72 mi9, New Beech Road, Stockport, Greater Manchester SK4 3DD2
£305K12/220.72 mi11, Park Row, Stockport, Greater Manchester SK4 3DY2
£300K09/210.77 mi6, Darden Close, Stockport, Greater Manchester SK4 3QQ2
£132.9K01/210.78 mi3, Essex Avenue, Stockport, Greater Manchester SK3 0JA2
£176K04/230.8 mi4, Cromwell Street, Stockport, Greater Manchester SK4 1LY2
£135K12/200.8 mi16, Cromwell Street, Stockport, Greater Manchester SK4 1LY2
£153K10/200.81 mi22, Ellen Street, Stockport, Greater Manchester SK4 1LZ2
£130K03/210.81 mi19, Cheviot Close, Stockport, Greater Manchester SK4 1JW2
£330K01/230.81 mi15, Grundy Street, Stockport, Greater Manchester SK4 3AX2
£208K04/230.82 mi31, Churchill Street, Heaton Norris, Stockport, Greater Manchester SK4 1NB2
£154K11/200.82 mi49, Churchill Street, Stockport, Greater Manchester SK4 1NB2
£167.5K05/210.83 mi17, Ash Street, Stockport, Greater Manchester SK3 0JR2
£175K01/210.83 mi30, Ash Street, Stockport, Greater Manchester SK3 0JR2
£171K02/210.83 mi53, Myrtle Street, Stockport, Greater Manchester SK3 0JW2
£170K03/210.83 mi60, Churchill Street, Heaton Norris, Stockport, Greater Manchester SK4 1ND2
£130K03/210.83 mi22, Churchill Street, Stockport, Greater Manchester SK4 1ND2
£171K07/210.84 mi37, Kent Road, Stockport, Greater Manchester SK3 0JD2
£170K12/200.84 mi3, Kent Road, Stockport, Greater Manchester SK3 0JD2

Local Rents

40 rents from £850/mo to £2.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,49508/240.01 miDevonshire Road, Heaton Moor, Stockport, SK42
£1,30009/240.01 miDevonshire Road, Heaton Moor, Stockport, Cheshire, SK42
£90008/240.02 miMoorside Road, Stockport2
£90008/240.02 miMoorside Road, Stockport2
£1,00008/240.2 miColchester Place, Heaton Norris, Stockport2
£1,15009/240.2 miColchester Place, Heaton Norris, Stockport2
£97509/240.2 miEpworth Court, 18 Hooley Range, Heaton Moor, Stockport, SK42
£90009/240.22 miHooley Range, Heaton Moor, Stockport, SK42
£1,20008/240.22 miLeewood Court, 23 Hooley Range, Heaton Moor, Manchester, SK42
£1,10009/240.22 miEpworth Court, Hooley Range, Heaton Moor2
£1,10010/240.24 mi-2
£1,10001/250.24 mi-2
£1,15002/250.24 mi-2
£1,15009/240.24 miCastlewood Apartments, 192 Wellington Rd North, Heaton Norris, Stockport, SK42
£1,20009/240.24 miCastlewood Apartments, 192 Wellington Rd North, Heaton Norris, Stockport, SK42
£1,15009/240.24 miCastlewood Apartments, 192 Wellington Rd North, Heaton Norris, Stockport, SK42
£95009/240.32 miNorris Hill Drive, Heaton Norris, Stockport2
£89508/240.32 miElizabeth House, Didsbury Road, Heaton Mersey, Stockport, SK42
£1,30009/240.35 miBriars Mount, Heaton Mersey, Stockport, SK42
£90012/240.38 mi-2
£2,30008/240.39 mi-2
£1,07503/250.39 mi-2
£1,07511/240.39 mi-2
£95010/240.39 mi-2
£1,27508/240.4 miHollycrest Apartments2
£1,25008/240.42 mi-2
£1,05007/240.43 mi-2
£87008/240.43 mi118 Heaton Moor Road, Stockport, SK4 4JY 2
£1,20008/240.48 miHeaton Moor Road, Stockport, Greater Manchester, SK42
£99509/240.51 miHeaton Moor Road, Heaton Moor2
£90008/240.52 miCraig Road, Heaton Mersey, Stockport2
£90009/240.52 miValley Court, 4 Craig Road, Heaton Mersey, Stockport2
£1,20004/250.52 mi-2
£1,60003/250.54 mi-2
£89508/240.55 miThe Coach House, 92 Heaton Moor Road, Heaton Moor, Stockport, SK42
£1,00009/240.55 miLea Road, Stockport2
£1,15009/240.56 mi64-66 Heaton Moor Road, Stockport, SK4 4NZ2
£1,19508/240.57 miHeaton Moor Road, Stockport, Greater Manchester, SK42
£85012/240.59 mi-2
£1,00009/240.6 miMersey Road, Heaton Mersey, Stockport, SK42

Local Area Statistics

Population in SK4

34,510

Population in Stockport

181,140

Town centre distance

3.07 miles away

Nearest school

0.20 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-9%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Price changed to £315,000

December 4, 2024

Listed for £325,000

April 19, 2024

Floor Plans

Description

Devonshire Road is situated in a quiet yet highly desirable Heaton Moor Road, within walking distance to Heaton Moor Village. Boasting an array of pubs,bars,restaurants and amenities just moments away this convenient location is also ideal for transport links which includes the M60 Ring Road, A6, A34. Heaton Chapel Rail Station also just a short walk away, offering an easy commute into Manchester City Centre.

The ground floor briefly comprises: inviting entrance hallway and a living room with wall mounted gas fire to the chimney breast and a tiled surround,rear dining room with ample space for freestanding furniture, and a kitchen with fitted units and windows to both rear and side elevations. Single flight staircase leading to the first-floor landing, with original doors giving access to both generous double bedrooms and a spacious outrigger bathroom with a three-piece white suite. A useful study/utility room finishes off this pleasing first-floor accommodation.

Outside this charming period terrace, formal paved gardens can be found and original low brick wall surround. Additional paved courtyard to the rear, with mature trees and shrubs to borders. Wooden gate giving access to the rear service alley.

In need of modernisation throughout and offering a blank canvas for someone to improve, this spacious home is offered to the market with NO CHAIN, perfect for a first time buyer OR maybe someone looking to downsize.

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 💪