3 Bed Terraced House, Refurb/BRRR, Bredbury, SK6 3HT, £200,000

Agecroft Road, Romiley, SK6 3HT - 5 views - 9 months ago

Sold STC

BTL

Refurb/BRRR

ROI: 3%

~93 m²

+6 photos

ValuationUndervalued

Sold Prices	£120K - £550K
Sold Prices/m²	£1.3K/m² - £4.7K/m²

Square Metres	~93 m²
Price/m²	£2.2K/m²
Value Estimate	£206,000£206,000
BMV	3%

End Value (After Refurb)	£264,499£264,499
Uplift in Value	+32%+32%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£50,000£50,000
Stamp Duty & Legal Fees	£12,700£12,700
Refurb Costs	£39,324£39,324
Bridging Loan Interest	£5,250£5,250
Total Cash In	£109,024£109,024

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£264,499£264,499
Mortgage (After Refinance)	£198,374£198,374
Mortgage LTV	75%75%
Cash Released	£48,374£48,374
Cash Left In	£60,650£60,650
Equity	£66,125£66,125
Rent Range	£1,150 - £1,700£1,150 - £1,700
Rent Estimate	£1,350
Running Costs/mo	£1,117£1,117
Cashflow/mo	£233£233
Cashflow/yr	£2,801£2,801
ROI	3%3%
Gross Yield	8%8%

Local Sold Prices

52 sold prices from £120K to £550K, average is £255.3K. £1.3K/m² to £4.7K/m², average is £2.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£335K	01/23	0.09 mi	44, Bredbury Green, Romiley, Stockport, Greater Manchester SK6 3DN	£2,120	158	3	Semi-Detached House
£400K	06/21	0.1 mi	10, Bredbury Green, Romiley, Stockport, Greater Manchester SK6 3DN	-	-	3	Detached House
£280K	12/20	0.13 mi	78, Bredbury Green, Romiley, Stockport, Greater Manchester SK6 3DF	-	-	3	Semi-Detached House
£164K	02/21	0.14 mi	97, The Ridgway, Romiley, Stockport, Greater Manchester SK6 3HA	£1,952	84	3	Terraced House
£150K	04/21	0.14 mi	47, The Ridgway, Romiley, Stockport, Greater Manchester SK6 3HA	£1,339	112	3	Terraced House
£345K	01/21	0.18 mi	11, Clapgate, Romiley, Stockport, Greater Manchester SK6 3DG	£2,899	119	3	Detached House
£275K	03/21	0.19 mi	7, Buckley Drive, Romiley, Stockport, Greater Manchester SK6 3EW	£3,090	89	3	Semi-Detached House
£280K	03/23	0.21 mi	17, Catherine Road, Romiley, Stockport, Greater Manchester SK6 3DQ	-	-	3	Semi-Detached House
£550K	02/23	0.21 mi	8, Hatherlow, Romiley, Stockport, Greater Manchester SK6 3DR	£3,691	149	3	Detached House
£175K	07/21	0.21 mi	10, Lancaster Close, Romiley, Stockport, Greater Manchester SK6 3HF	-	-	3	Terraced House
£276K	03/21	0.21 mi	154, Overdale Road, Romiley, Stockport, Greater Manchester SK6 3EN	£4,182	66	3	Semi-Detached House
£285K	01/21	0.23 mi	22, Westover, Romiley, Stockport, Greater Manchester SK6 3ER	£2,767	103	3	Semi-Detached House
£253K	03/21	0.26 mi	55, Overdale Road, Romiley, Stockport, Greater Manchester SK6 3HL	£3,203	79	3	Semi-Detached House
£277.5K	03/23	0.27 mi	10, Marleyer Rise, Romiley, Stockport, Greater Manchester SK6 3JE	£3,076	90	3	Semi-Detached House
£244K	01/23	0.27 mi	34, Padden Brook, Romiley, Stockport, Greater Manchester SK6 3AS	£3,486	70	3	Terraced House
£362K	12/21	0.28 mi	99, Overdale Road, Romiley, Stockport, Greater Manchester SK6 3JB	£2,806	129	3	Detached House
£410K	12/22	0.28 mi	107, Overdale Road, Romiley, Stockport, Greater Manchester SK6 3JB	-	-	3	Detached House
£295K	12/20	0.3 mi	77, Overdale Road, Romiley, Stockport, Greater Manchester SK6 3JA	£3,831	77	3	Detached House
£311K	11/21	0.33 mi	6, St Andrews Close, Romiley, Stockport, Greater Manchester SK6 3JR	-	-	3	Semi-Detached House
£120K	08/21	0.36 mi	41, Highfield Avenue, Romiley, Stockport, Greater Manchester SK6 3DA	£1,384	87	3	Semi-Detached House
£230K	09/21	0.36 mi	11, Green Lane, Romiley, Stockport, Greater Manchester SK6 3JG	£2,949	78	3	Semi-Detached House
£230K	01/21	0.42 mi	6, Bonnyfields, Romiley, Stockport, Greater Manchester SK6 3AR	£2,674	86	3	Semi-Detached House
£161K	11/20	0.43 mi	23, Goyt Valley Road, Bredbury, Stockport, Greater Manchester SK6 2LQ	£1,988	81	3	Semi-Detached House
£209K	08/21	0.43 mi	8, Goyt Valley Road, Bredbury, Stockport, Greater Manchester SK6 2LQ	£2,580	81	3	Terraced House
£310K	06/23	0.47 mi	104, Highfield Avenue, Romiley, Stockport, Greater Manchester SK6 3BY	£4,098	76	3	Detached House
£305K	04/23	0.48 mi	33, Urwick Road, Romiley, Stockport, Greater Manchester SK6 3JS	-	-	3	Semi-Detached House
£160K	04/21	0.48 mi	14, Goyt Crescent, Bredbury, Stockport, Greater Manchester SK6 2LN	£1,928	83	3	Semi-Detached House
£257.5K	07/23	0.48 mi	60, Ruskin Grove, Bredbury, Stockport, Greater Manchester SK6 1DW	£2,648	97	3	Semi-Detached House
£257.5K	07/23	0.48 mi	60, Ruskin Grove, Bredbury, Stockport, Greater Manchester SK6 1DW	£2,648	97	3	Semi-Detached House
£157.5K	03/21	0.5 mi	30, Goyt Valley Road, Bredbury, Stockport, Greater Manchester SK6 2LG	£2,128	74	3	Semi-Detached House
£195K	08/21	0.5 mi	46, Goyt Valley Road, Bredbury, Stockport, Greater Manchester SK6 2LG	£2,294	85	3	Semi-Detached House
£239K	01/23	0.51 mi	32, Goyt Crescent, Bredbury, Stockport, Greater Manchester SK6 2LN	£2,845	84	3	Semi-Detached House
£130K	01/21	0.52 mi	13, Shakespeare Road, Bredbury, Stockport, Greater Manchester SK6 2LH	£1,529	85	3	Terraced House
£320K	12/20	0.54 mi	23, Hill Rise, Romiley, Stockport, Greater Manchester SK6 3AP	£4,706	68	3	Detached House
£144K	11/20	0.55 mi	14, Marlowe Walks, Bredbury, Stockport, Greater Manchester SK6 2HP	£1,778	81	3	Semi-Detached House
£375K	12/22	0.59 mi	6, Kimberley Avenue, Romiley, Stockport, Greater Manchester SK6 4AB	£2,389	157	3	Semi-Detached House
£315K	07/23	0.6 mi	14, Hill Street, Romiley, Stockport, Greater Manchester SK6 3AH	£4,565	69	3	Semi-Detached House
£315K	07/23	0.6 mi	14, Hill Street, Romiley, Stockport, Greater Manchester SK6 3AH	£4,565	69	3	Semi-Detached House
£230K	01/23	0.61 mi	3, Woodgate Close, Bredbury, Stockport, Greater Manchester SK6 2JX	£2,771	83	3	Terraced House
£420K	06/23	0.62 mi	38, Church Lane, Romiley, Stockport, Greater Manchester SK6 4AA	£4,078	103	3	Terraced House
£210K	02/23	0.62 mi	42, Shakespeare Road, Bredbury, Stockport, Greater Manchester SK6 2HN	£1,842	114	3	Terraced House
£175K	01/21	0.63 mi	55, Underhill, Romiley, Stockport, Greater Manchester SK6 4BQ	£1,989	88	3	Terraced House
£158K	07/21	0.65 mi	70, Sandiway, Bredbury, Stockport, Greater Manchester SK6 2JT	£1,942	81	3	Semi-Detached House
£175K	12/20	0.66 mi	49, Newstead Grove, Bredbury, Stockport, Greater Manchester SK6 2NW	£2,465	71	3	Terraced House
£275K	02/23	0.67 mi	37, Newlyn Drive, Bredbury, Stockport, Greater Manchester SK6 1EF	-	-	3	Detached House
£182.8K	02/21	0.71 mi	14, The Broadway, Bredbury, Stockport, Greater Manchester SK6 2NZ	£1,924	95	3	Semi-Detached House
£180.5K	08/21	0.71 mi	114, Kingsway, Bredbury, Stockport, Greater Manchester SK6 2HA	£2,439	74	3	Semi-Detached House
£275K	01/23	0.72 mi	6, Dorfield Close, Bredbury, Stockport, Greater Manchester SK6 2HD	-	-	3	Detached House
£225K	12/20	0.73 mi	8, Bancroft Close, Bredbury, Stockport, Greater Manchester SK6 2HB	£3,082	73	3	Semi-Detached House
£202K	06/23	0.74 mi	21, Sunfield, Romiley, Stockport, Greater Manchester SK6 4BH	-	-	3	Terraced House
£330K	02/21	0.74 mi	18, Guywood Lane, Romiley, Stockport, Greater Manchester SK6 4AN	-	-	3	Semi-Detached House
£140K	02/23	0.74 mi	49, Guywood Lane, Romiley, Stockport, Greater Manchester SK6 4AN	£1,758	80	3	Terraced House

Local Rents

12 rents from £1.1K/mo to £1.7K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,150	03/25	0.1 mi	-	3	Semi-Detached House
£1,250	08/24	0.22 mi	Westover, Romiley, Stockport, Cheshire, SK6	3	Detached House
£1,200	12/24	0.24 mi	-	3	Bungalow
£1,150	08/24	0.36 mi	Green Lane, Stockport, Greater Manchester, SK6	3	Terraced House
£1,400	04/25	0.36 mi	-	3	Semi-Detached House
£1,700	12/24	0.37 mi	-	3	Semi-Detached House
£1,200	02/24	0.39 mi	-	3	Semi-Detached House
£1,500	12/24	0.39 mi	-	3	Semi-Detached House
£1,500	01/25	0.39 mi	-	3	Semi-Detached House
£1,500	11/24	0.39 mi	-	3	Semi-Detached House
£1,500	01/25	0.39 mi	-	3	Semi-Detached House
£1,150	11/24	0.61 mi	-	3	Terraced House

Local Area Statistics

Population in SK6	50,68950,689
Town centre distance	1.20 miles away1.20 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.72 miles away0.72 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-5%-5%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+38%+38%

Property History

Listed for £200,000

June 29, 2024

Floor Plans

Description

Extremely well presented 3 bedroom mews home with generous sized gardens to the front and rear +
No onward chain +
Sure to interest first time buyers or buy to let investors +
18ft 8in lounge and modern fitted kitchen with certain integral appliances +
Useful utility/side porch +
3 good sized bedrooms, modern bathroom and separate WC +
Residents parking area to the rear of the property +
Popular location convenient for Romiley Village +

This 3 bedroom mews home requires some modernisation but has generous sized well tended gardens to the front and rear. Sure to interest first time buyers or buy to let investors this good sized property is offered with no onward chain and is sure to prove popular.Featuring: Entrance hall, 18ft 8in lounge, modern fitted kitchen with certain integral appliances, useful utility/side porch, 3 good sized bedrooms, modern bathroom and separate WC. Gas central heating is installed (Worcester boiler) along with uPVC double glazing and to the rear of the property is a residents parking area adjacent to the rear garden. Tenure Freehold. EPC Rated D. Council tax Band B.

Agent Details

Thomas Lardner, Romiley, Stockport

0161 524 7112

Next Steps?

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

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