2 Bed Flat, Single Let, Stockport, SK1 1UD, £200,000

2 bed Apartment - Alexandra House - Stockport, SK1 1UD - 3 views - 9 months ago

Leasehold

BTL

~68 m²

+7 photos

ValuationOvervalued

Sold Prices	£74.5K - £185K
Sold Prices/m²	£1.4K/m² - £4.9K/m²

Square Metres	~68.11 m²
Price/m²	£2.9K/m²
Value Estimate	£169,273£169,273

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£50,000£50,000
Stamp Duty & Legal Fees	£7,200£7,200
Total Cash In	£57,200£57,200

Cash Out
Rent Range	£728 - £3,100£728 - £3,100
Rent Estimate	£762
Running Costs/mo	£797£797
Cashflow/mo	£-35£-35
Cashflow/yr	£-425£-425
Gross Yield	5%5%

Local Sold Prices

21 sold prices from £74.5K to £185K, average is £144K. £1.4K/m² to £4.9K/m², average is £2.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£185K	12/22	0.34 mi	23, Earl Street, Stockport, Greater Manchester SK3 9JZ	£2,638	70	2	Flat
£141K	03/23	0.55 mi	Apartment 14, Alder Heights, New Zealand Road, Stockport, Greater Manchester SK1 4AG	-	-	2	Flat
£130K	08/21	0.55 mi	40, Stitch Lane, Stockport, Greater Manchester SK4 2LS	-	-	2	Flat
£156K	06/23	0.59 mi	59, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,851	55	2	Flat
£140K	09/21	0.59 mi	34, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,456	57	2	Flat
£140K	01/23	0.59 mi	83, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,373	59	2	Flat
£140K	01/23	0.59 mi	1, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,414	58	2	Flat
£140K	01/23	0.59 mi	72, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,333	60	2	Flat
£140K	07/21	0.59 mi	35, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,514	56	2	Flat
£144K	01/21	0.59 mi	48, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,526	57	2	Flat
£74.5K	06/21	0.59 mi	37, Hatters Court, Stockport, Greater Manchester SK1 3EB	£1,355	55	2	Flat
£137.5K	03/21	0.59 mi	47, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,331	59	2	Flat
£145K	04/23	0.59 mi	63, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,685	54	2	Flat
£153.5K	03/23	0.59 mi	86, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,769	55	2	Flat
£148K	02/23	0.6 mi	43, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,228	66	2	Flat
£160K	08/22	0.6 mi	31, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,857	56	2	Flat
£162.3K	10/22	0.6 mi	76, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,386	68	2	Flat
£177.5K	01/23	0.85 mi	49g, Crescent Park, Stockport, Greater Manchester SK4 2JD	£4,931	36	2	Flat
£184.9K	05/23	0.97 mi	56g, Norris Hill Drive, Stockport, Greater Manchester SK4 2NR	-	-	2	Flat
£167.5K	05/21	0.97 mi	56f, Norris Hill Drive, Stockport, Greater Manchester SK4 2NR	£2,393	70	2	Flat
£144K	10/21	0.97 mi	36e, Norris Hill Drive, Stockport, Greater Manchester SK4 2NR	£2,703	53	2	Flat

Local Rents

49 rents from £728/mo to £3.1K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£995	02/24	0.05 mi	-	2	Flat
£728	02/25	0.11 mi	-	2	Flat
£1,050	08/24	0.13 mi	-	2	Flat
£850	08/24	0.25 mi	High Street, Stockport	2	Flat
£3,100	12/24	0.26 mi	-	2	Flat
£795	08/24	0.26 mi	-	2	Flat
£1,000	03/25	0.28 mi	-	2	Flat
£950	08/24	0.29 mi	Regal House, Duke Street, Stockport, SK1	2	Flat
£950	12/24	0.29 mi	Regal House, Duke Street, Stockport, SK1	2	Flat
£950	12/24	0.29 mi	Regal House, Duke Street, Stockport, SK1	2	Flat
£1,200	02/25	0.32 mi	-	2	Semi-Detached House
£1,000	12/24	0.33 mi	Wellington Road South, Stockport, Greater Manchester, SK3	2	Flat
£1,395	08/24	0.34 mi	Churchgate, Stockport, SK1	2	Flat
£995	12/24	0.34 mi	Apartment 1 The Thatched House, 74 Churchgate, Stockport, SK1	2	Flat
£1,580	12/24	0.34 mi	The Interchange, Daw Bank, Stockport, Greater Manchester, SK3	2	Flat
£1,540	12/24	0.34 mi	The Interchange, Daw Bank, Stockport, Greater Manchester, SK3	2	Flat
£1,540	12/24	0.34 mi	The Interchange, Daw Bank, Stockport, Greater Manchester, SK3	2	Flat
£1,250	08/24	0.34 mi	Pasha, Wellington Road North	2	Flat
£1,250	09/24	0.34 mi	Pasha, Wellington Road North	2	Flat
£1,450	12/24	0.34 mi	The Interchange, Daw Bank, Stockport, Greater Manchester, SK3	2	Flat
£1,300	12/24	0.34 mi	The Interchange, Daw Bank, Stockport, Greater Manchester, SK3	2	Flat
£1,350	12/24	0.34 mi	The Interchange, Daw Bank, Stockport, Greater Manchester, SK3	2	Flat
£1,375	12/24	0.34 mi	Daw Bank, Stockport, Greater Manchester, SK3	2	Flat
£1,450	12/24	0.34 mi	Daw Bank, Stockport, Greater Manchester, SK3	2	Flat
£1,000	08/24	0.35 mi	Wellington Mill, Stockport	2	Flat
£895	12/24	0.35 mi	Wellington Mill, Wellington Road South, Stockport, Cheshire, SK3	2	Flat
£1,000	08/24	0.35 mi	Wellington Road South, Stockport	2	Flat
£1,400	09/24	0.36 mi	Parsonage Street, Stockport, Greater Manchester, SK4	2	Semi-Detached House
£1,580	12/24	0.36 mi	The Interchange, Stockport, SK3	2	Flat
£1,425	12/24	0.36 mi	The Interchange, Stockport, SK3	2	Flat
£1,425	12/24	0.36 mi	The Interchange, Daw Bank, Stockport, Greater Manchester, SK3	2	Flat
£1,465	12/24	0.36 mi	The Interchange, Daw Bank, Stockport, Greater Manchester, SK3	2	Flat
£1,000	09/24	0.38 mi	-	2	Flat
£1,100	04/25	0.38 mi	-	2	Flat
£1,350	12/24	0.38 mi	The Interchange, Daw Bank, Stockport, SK3	2	Flat
£1,400	12/24	0.38 mi	The Interchange, Daw Bank, Stockport, SK3	2	Flat
£1,475	12/24	0.38 mi	The Interchange, Daw Bank, Stockport, SK3	2	Flat
£1,350	12/24	0.38 mi	The Interchange, Daw Bank, Stockport, SK3	2	Flat
£1,540	12/24	0.38 mi	The Interchange, Daw Bank, Stockport, SK3	2	Flat
£1,350	12/24	0.38 mi	The Interchange, Daw Bank, Stockport, SK3	2	Flat
£1,450	12/24	0.38 mi	The Interchange, Daw Bank, SK3	2	Flat
£1,465	12/24	0.38 mi	The Interchange, Daw Bank, Stockport, SK3	2	Flat
£1,500	12/24	0.38 mi	Daw Bank, Stockport, SK3	2	Flat
£1,375	12/24	0.38 mi	Daw Bank, Stockport, SK3	2	Flat
£1,375	12/24	0.38 mi	The Interchange, Daw Bank, Stockport SK3	2	Flat
£1,350	12/24	0.38 mi	The Interchange, Daw Bank, Stockport, SK3	2	Flat
£1,375	12/24	0.38 mi	The Interchange, Daw Bank, Stockport, SK3	2	Flat
£825	08/24	0.39 mi	Birchfield House, Hopes Carr, Stockport	2	Flat
£1,100	08/24	0.4 mi	-	2	House

Local Area Statistics

Population in SK1	11,23011,230
Population in Stockport	181,140181,140
Town centre distance	2 miles away2 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.58 miles away0.58 miles away

Rental growth (12m)	-8%-8%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+44%+44%

Property History

Listed for £200,000

July 20, 2024

Description

10 Year build guarantee +
City Centre location +
11% NET Yield Achievable +
999 Year Lease +
No Grounf Rent +

Discover Luxury Living at Alexandra House

Welcome to Alexandra House, a stunning new development offering the perfect blend of luxury, convenience, and investment potential. This newly refurbished property boasts 5 exquisite apartments, including 2 deluxe studios, 1 one-bedroom, and 1 two-bedroom unit, each designed to cater to the most discerning residents and investors.

Investment Highlights:

* 2bedroom Apartment

* 11% NET Yields Achievable

* 999 Year Lease

* No Ground Rent

* 10-year Build Warranty

* Short Term Lets Allowed

* Fully Integrated Appliances

* Central Location - Close to all amenities

Located in the heart of the city, Alexandra House puts you at the centre of it all. With a prime central location, you'll enjoy easy access to all amenities, making it an ideal choice for both long-term residents and those seeking lucrative short-term rental opportunities.

Each apartment comes fully equipped with integrated appliances, ensuring a seamless living experience from day one.

With prices starting from just £155,000, Alexandra House represents an unparalleled opportunity to own a piece of luxury real estate or expand your investment portfolio.

Don't miss this chance to be part of an exclusive development that combines style, comfort, and exceptional value.

Tenure: Leasehold (999 years)

Agent Details

Residential Estates, Chester

01241 468142

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

3 Bed House, Single Let, Stockport, SK4 1RS

£180,000

5 views • a month ago • 93 m²

Sold STC

2 Bed House, Single Let, Stockport, SK4 1SW

£290,000

4 views • 9 months ago • 68 m²

3 Bed House, Single Let, Stockport, SK4 1RS

£185,000

11 views • 4 months ago • 56 m²

2 Bed Flat, Single Let, Stockport, SK4 2DZ

£255,000

a month ago • 68 m²

2 Bed Flat, Single Let, Stockport, SK1 1UD, £200,000

ValuationOvervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Description

Agent Details

Next Steps?

Similar Properties

3 Bed House, Single Let, Stockport, SK4 1RS

2 Bed House, Single Let, Stockport, SK4 1SW

3 Bed House, Single Let, Stockport, SK4 1RS

2 Bed Flat, Single Let, Stockport, SK4 2DZ

Cashflows

Local Sold Prices

Local Rents