2 Bed Flat, Single Let, Stockport, SK7 4RY, £140,000

2a Chepstow Drive, Hazel Grove, STOCKPORT, SK7 4RY - 9 months ago

Sold STC
Leasehold
BTL
ROI: 9%
~64 m²
+6 photos

ValuationUndervalued

Sold Prices£75K - £403K
Sold Prices/m²£1.7K/m² - £6K/m²

 

 

Square Metres

~63.90 m²
Price/m²£2.2K/m²

Value Estimate

£160,191
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£800 - £1,200

Rent Estimate

£963

Running Costs/mo

£650

Cashflow/mo

£313

Cashflow/yr

£3,755

ROI

9%

Gross Yield

8%

Local Sold Prices

30 sold prices from £75K to £403K, average is £157.5K. £1.7K/m² to £6K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£162.5K05/230.27 mi23, Carlton Place, Hazel Grove, Stockport, Greater Manchester SK7 6AG2
£160K03/230.4 mi11, Dunvegan Road, Hazel Grove, Stockport, Greater Manchester SK7 6BB2
£130K12/200.4 mi23, Dunvegan Road, Hazel Grove, Stockport, Greater Manchester SK7 6BB2
£75K06/210.53 mi46, Cooper Street, Hazel Grove, Stockport, Greater Manchester SK7 4LA2
£138.5K07/210.53 mi92, Cooper Street, Hazel Grove, Stockport, Greater Manchester SK7 4LA2
£140K08/210.53 mi20, Cooper Street, Hazel Grove, Stockport, Greater Manchester SK7 4LA2
£75K11/210.53 mi44, Cooper Street, Hazel Grove, Stockport, Greater Manchester SK7 4LA2
£100K02/210.54 mi17, Penny Brook Fold, Hazel Grove, Stockport, Greater Manchester SK7 4LU2
£110K09/210.64 mi19, Penney Brook Fold, Hazel Grove, Stockport, Greater Manchester SK7 4LU2
£131.3K11/220.78 mi9, Bosden Hall Road, Hazel Grove, Stockport, Greater Manchester SK7 4JJ2
£210K02/210.84 mi38, Kingfisher Road, Stockport, Greater Manchester SK2 5JR2
£250K06/211.09 mi50, Poise Brook Road, Stockport, Greater Manchester SK2 5JF2
£195K04/231.11 mi71a, Penrhyn Crescent, Hazel Grove, Stockport, Greater Manchester SK7 5ND2
£182K06/231.12 miApartment 9, Chelford House, Offerton Road, Stockport, Greater Manchester SK2 5GE2
£230K05/221.12 miApartment 12, Chelford House, Offerton Road, Stockport, Greater Manchester SK2 5GE2
£403K05/211.31 mi120a, Bramhall Moor Lane, Hazel Grove, Stockport, Greater Manchester SK7 5AU2
£150K02/211.54 miFlat 13, Grosvenor Lodge, Dorchester Road, Hazel Grove, Stockport, Greater Manchester SK7 5HE2
£152K02/231.54 miFlat 4, Grosvenor Lodge, Dorchester Road, Hazel Grove, Stockport, Greater Manchester SK7 5HE2
£140K03/231.55 mi7a, Dorchester Parade, Hazel Grove, Stockport, Greater Manchester SK7 5HA2
£92K03/211.6 mi6, Ash Close, Stockport, Greater Manchester SK2 7QR2
£155K05/221.69 miFlat 20, Manston Lodge, Hampstead Drive, Stockport, Greater Manchester SK2 7QL2
£115K02/231.71 mi306a, Buxton Road, Stockport, Greater Manchester SK2 7AN2
£255K08/211.8 mi10, Mayfair Close, Poynton, Stockport, Cheshire East SK12 1FG2
£350K03/211.84 mi27, Thornway, High Lane, Stockport, Greater Manchester SK6 8EL2
£136K05/211.88 mi8, Moreton Lane, Stockport, Greater Manchester SK2 5SW2
£255K11/211.9 mi11, West Towers Mews, Marple, Stockport, Greater Manchester SK6 7GR2
£175K11/221.92 miFlat 1, Edmonton Court, Edmonton Road, Stockport, Greater Manchester SK2 7BG2
£310K05/211.95 mi63, Parklands Way, Poynton, Stockport, Cheshire SK12 1AT2
£222.5K07/211.96 miApartment 5, Somerford House, Parklands Way, Poynton, Stockport, Cheshire East SK12 1AL2
£210K08/221.96 miApartment 4, Somerford House, Parklands Way, Poynton, Stockport, Cheshire East SK12 1AL2

Local Rents

13 rents from £800/mo to £1.2K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£97508/240.24 miTorkington Road, Stockport, Cheshire, SK72
£1,10008/240.27 miTorkington Manor, Torkington Road, Stockport, SK72
£80008/240.41 miDunvegan Road, Hazel Grove, Stockport2
£1,20003/250.43 mi-2
£99507/230.48 mi-2
£99510/240.48 mi-2
£1,00009/230.48 mi-2
£1,00009/230.48 mi-2
£1,10008/240.5 miCherry Tree Drive, Hazel Grove, Stockport, Cheshire, SK72
£1,10006/240.55 mi-2
£1,20001/250.55 mi-2
£97508/240.59 miPineapple Street, Hazel Grove, Stockport, Cheshire, SK72
£95012/240.59 miSchool Street, Stockport, Greater Manchester, SK72

Local Area Statistics

Population in SK7

40,669

Population in Stockport

181,140

Town centre distance

1.33 miles away

Nearest school

0.20 miles away

Nearest train station

0.78 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Listed for £140,000

July 10, 2024

Floor Plans

Description

  • Please Quote Ref GH702 +
  • Quiet Location +
  • No Chain +
  • Excellent Local Amenties +
  • Off Road Parking +
  • Excellent Rental Potential +

 Welcome to Chepstow Drive, Hazel Grove. This charming flat offers a perfect blend of comfort, convenience, and style, making it an ideal home for singles, couples, or small families. As you enter the property, you are greeted by a spacious entrance hallway. This welcoming space provides ample room to take off your shoes and hang up your coat, setting the tone for the rest of the flat. The hallway exudes a warm, inviting atmosphere, making you feel right at home from the moment you step inside. Proceeding upstairs, you’ll find the heart of the flat: the large, bright living room. This room is bathed in natural light from two generously sized windows, creating a vibrant and airy ambiance. The living room is an excellent space for unwinding after a long day. Whether you prefer to relax with a movie, dive into a good book, or simply enjoy some quiet time, this room caters to all your leisure needs. There's also ample space to accommodate a small dining table, making it an ideal spot for hosting family dinners or entertaining friends. Adjacent to the living room is the kitchen, a superb area for those who enjoy cooking. The kitchen boasts ample workspace, providing plenty of room for meal preparation. It is well-equipped with space for a washing machine and fridge freezer, ensuring all your culinary needs are met. The built-in oven and hob add a touch of modern convenience, making cooking a pleasurable experience. The kitchen’s thoughtful layout and functionality make it a delightful space for preparing delicious meals. The bathroom is another highlight of the flat. It offers a serene environment where you can soak away the stresses of the day. The well-designed space invites you to relax and rejuvenate, whether you prefer a quick refreshing shower or a long, indulgent soak in the tub. The flat features two well-proportioned double bedrooms, each offering a peaceful retreat for rest and relaxation. These rooms are versatile and can easily be adapted to suit your needs, whether you require a guest room, a home office, or simply additional storage space. One of the standout features of this flat is its prime location. Situated within walking distance of excellent local amenities, you have easy access to shops, cafes, and other conveniences that make everyday living a breeze. Additionally, the flat benefits from off-road parking, providing a secure and convenient place to park your vehicle. In summary, this lovely flat at Chepstow Drive, Hazel Grove, offers a harmonious blend of light-filled spaces, practical amenities, and an unbeatable location. It’s not just a place to live, but a place to call home. We invite you to visit and experience first-hand the comfort and convenience that this wonderful flat has to offer.

Agent Details

eXp UK, North West

03304 609968

Next Steps?

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