2 Bed Terraced House, Refurb/BRRR, Bredbury, SK6 7JP, £185,000

450 Didsbury Road, Stockport, Cheshire, SK4 3BS - 2 views - 9 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~68 m²
+7 photos

ValuationFair Value

Sold Prices£115K - £350K
Sold Prices/m²£2.3K/m² - £5.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.7K/m²

Value Estimate

£186,150

 

 

End Value (After Refurb)

£205,668

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£10,450

Refurb Costs

£28,800

Bridging Loan Interest

£4,856

Total Cash In

£92,106

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£205,668

Mortgage (After Refinance)

£154,251

Mortgage LTV

75%

Cash Released

£15,501

Cash Left In

£76,605

Equity

£51,417

Rent Range

£850 - £1,200

Rent Estimate

£976

Running Costs/mo

£858

Cashflow/mo

£118

Cashflow/yr

£1,417

ROI

2%

Gross Yield

6%

Local Sold Prices

51 sold prices from £115K to £350K, average is £225K. £2.3K/m² to £5.2K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£200K12/220.02 mi5, Sunwell Terrace, Marple, Stockport, Greater Manchester SK6 7JP2
£232K07/230.04 mi47, Upper Hibbert Lane, Marple, Stockport, Greater Manchester SK6 7JQ2
£232K07/230.04 mi47, Upper Hibbert Lane, Marple, Stockport, Greater Manchester SK6 7JQ2
£163K02/210.05 mi19, Shepley Lane, Marple, Stockport, Greater Manchester SK6 7JN2
£230K06/210.07 mi5, East Drive, Marple, Stockport, Greater Manchester SK6 7JJ2
£225K12/220.07 mi7, East Drive, Marple, Stockport, Greater Manchester SK6 7JJ2
£222K04/210.11 mi11, Goyt Avenue, Marple, Stockport, Greater Manchester SK6 7JR2
£222K06/230.12 mi6, Thornholme Road, Marple, Stockport, Greater Manchester SK6 7LH2
£225K03/230.12 mi4, Thornholme Road, Marple, Stockport, Greater Manchester SK6 7LH2
£214K03/210.13 mi15, Briarwood Crescent, Marple, Stockport, Greater Manchester SK6 7LL2
£240K08/210.16 mi18, Barnsfold Road, Marple, Stockport, Greater Manchester SK6 7JB2
£237K08/210.16 mi30, Barnsfold Road, Marple, Stockport, Greater Manchester SK6 7JB2
£235K12/200.2 mi22, Hawk Green Road, Marple, Stockport, Greater Manchester SK6 7HR2
£255K01/210.21 mi7, The Green, Marple, Stockport, Greater Manchester SK6 7HT2
£248K06/210.21 mi17, The Green, Marple, Stockport, Greater Manchester SK6 7HT2
£302K03/230.21 mi7, The Green, Marple, Stockport, Greater Manchester SK6 7HT2
£220K03/210.23 mi200, Church Lane, Marple, Stockport, Greater Manchester SK6 7LA2
£310K02/230.4 mi67, The Ridge, Marple, Stockport, Greater Manchester SK6 7ER2
£238.5K03/210.46 mi2, Chapel Houses, Marple, Stockport, Greater Manchester SK6 7LF2
£304K12/220.51 mi52, Buxton Lane, Marple, Stockport, Greater Manchester SK6 7QL2
£230K01/210.51 mi228, Windlehurst Road, Marple, Stockport, Greater Manchester SK6 7EN2
£275K05/230.51 mi228, Windlehurst Road, Marple, Stockport, Greater Manchester SK6 7EN2
£115K02/230.54 mi2, Carver Road, Marple, Stockport, Greater Manchester SK6 7PS2
£237.5K03/230.54 mi55, Carver Road, Marple, Stockport, Greater Manchester SK6 7PS2
£260K07/230.54 mi47, Carver Road, Marple, Stockport, Greater Manchester SK6 7PS2
£162K01/210.54 mi3, Ash Grove, Marple, Stockport, Greater Manchester SK6 7PU2
£217.5K03/230.54 mi3, Ash Grove, Marple, Stockport, Greater Manchester SK6 7PU2
£174K11/210.57 mi104, Church Lane, Marple, Stockport, Greater Manchester SK6 7AR2
£190K03/210.58 mi11, East Vale, Marple, Stockport, Greater Manchester SK6 6BP2
£212K11/210.58 mi1, East Vale, Marple, Stockport, Greater Manchester SK6 6BP2
£172K08/210.6 mi26, Chadwick Street, Marple, Stockport, Greater Manchester SK6 7AX2
£227K04/210.61 mi9, Buxton Lane, Marple, Stockport, Greater Manchester SK6 7QJ2
£185K06/210.62 mi36, Turner Road, Marple, Stockport, Greater Manchester SK6 7NJ2
£350K05/230.63 mi2, Lockside, Marple, Stockport, Greater Manchester SK6 6BN2
£170K11/200.64 mi75, Church Lane, Marple, Stockport, Greater Manchester SK6 7AW2
£241.3K06/210.64 mi62, Church Lane, Marple, Stockport, Greater Manchester SK6 7AW2
£220K01/210.66 mi20, Ellesmere Avenue, Marple, Stockport, Greater Manchester SK6 7AN2
£213.5K01/210.68 mi14, Springfield Avenue, Marple, Stockport, Greater Manchester SK6 7AL2
£215K08/210.68 mi22, Springfield Avenue, Marple, Stockport, Greater Manchester SK6 7AL2
£275K06/230.68 mi14, Springfield Avenue, Marple, Stockport, Greater Manchester SK6 7AL2
£265K02/230.69 mi17, Union Road, Marple, Stockport, Greater Manchester SK6 7AJ2
£220K04/210.7 mi11, Westbury Drive, Marple, Stockport, Greater Manchester SK6 6EG2
£245.5K01/230.7 mi9, Westbury Drive, Marple, Stockport, Greater Manchester SK6 6EG2
£200K02/230.73 mi3, Stockport Road, Marple, Stockport, Greater Manchester SK6 6BD2
£166K04/210.81 mi16, Rose Lane, Marple, Stockport, Greater Manchester SK6 6DS2
£218K02/210.81 mi204, Strines Road, Strines, Stockport, Greater Manchester SK6 7GA2
£252.5K05/230.82 mi6, Hollins Terrace, Marple, Stockport, Greater Manchester SK6 6AT2
£255K06/230.82 mi14, Hollins Terrace, Marple, Stockport, Greater Manchester SK6 6AT2
£234K11/200.83 mi3, Garden Terrace, Marple, Stockport, Greater Manchester SK6 7EU2
£162K11/200.85 mi3, The Drive, Marple, Stockport, Greater Manchester SK6 6DR2
£193K11/200.99 mi99, Windlehurst Road, High Lane, Stockport, Greater Manchester SK6 8AF2

Local Rents

11 rents from £850/mo to £1.2K/mo, average is £975/mo.

RentDateDistanceAddressBeds 
£94501/240.05 mi-2
£97509/240.05 mi-2
£97512/240.05 miUpper Hibbert Lane, Marple, Stockport, SK62
£1,10008/240.06 miDiamond Terrace, Marple, Stockport, Cheshire, SK62
£1,05008/230.18 mi-2
£1,20004/250.55 mi-2
£99508/240.56 miWindsor Drive, Marple, Stockport, Cheshire, SK62
£95011/230.57 mi-2
£97001/250.59 mi-2
£85001/250.61 mi-2
£95012/240.61 miMarket Street, Stockport2

Local Area Statistics

Population in SK6

50,689

Town centre distance

3.58 miles away

Nearest school

0.40 miles away

Nearest train station

0.94 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Price changed to £185,000

February 20, 2025

Listed for £200,000

July 9, 2024

Floor Plans

Description

  • Garden Fronted Edwardian Terrace +
  • Two Receptions +
  • Two Bedrooms +
  • In Need Of Some Updating +
  • Sought After Location +
  • NO VENDOR CHAIN +

Garden Fronted Edwardian Terrace. Two Receptions. Two Bedrooms. Popular Location Close to Marple Centre. Requires some Updating. No Vendor Chain.

A mid-terrace Edwardian property located in a popular location close to Marple town centre. The property does require some updating but is in a mortgageable condition and offers huge potential. The property is offered with vacant possession

Hall - 4.11m x 1.04m (13'6 x 3'5) -

Lounge - 3.66m x 2.84m (12'0 x 9'4) - Measurement is into chimney breast. Single panel radiator. Meter cupboard. UPVC double glazed window.

Dining Room - 4.39m x 3.86m (14'5 x 12'8) - Measurement is into chimney breast. Under stairs cupboard. UPVC double glazed window.

Kitchen - 2.34m x 1.40m (7'8 x 4'7) - A range of base, wall and drawer units with contrasting worktops. Stainless steel sink unit. 4 ring gas hob and electric oven (not tested). UPVC double glazed window .

Bathroom -

Bedroom One - 4.37m x 3.66m (14'4 x 12'0) - Fitted wardrobes. Double panel radiator. UPVC double glazed window.

Bedroom Two - 4.32m x 2.16m (14'2 x 7'1) - Double panel radiator. UPVC double glazed window.

Outside Rear - Enclosed yard with paved area

Agent Details

Joules Estate Agency, Heaton Mersey

0161 524 4907

Next Steps?

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