2 Bed Flat, Single Let, Bredbury, SK6 4BG, £140,000

37 Underhill, Stockport, Greater Manchester, SK6 4BG - 13 views - 9 months ago

Sold STC

Leasehold

BTL

ROI: 5%

60 m²

+1 photos

ValuationUndervalued

Sold Prices	£80K - £277.5K
Sold Prices/m²	£1.3K/m² - £4.4K/m²

Square Metres	59.83 m²
Price/m²	£2.3K/m²
Value Estimate	£165,151£165,151
BMV	18%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£35,000£35,000
Stamp Duty & Legal Fees	£5,400£5,400
Total Cash In	£40,400£40,400

Cash Out
Rent Range	£775 - £1,500£775 - £1,500
Rent Estimate	£775
Running Costs/mo	£613£613
Cashflow/mo	£163£163
Cashflow/yr	£1,950£1,950
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

22 sold prices from £80K to £277.5K, average is £141.2K. £1.3K/m² to £4.4K/m², average is £2.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£101K	05/23	0.23 mi	Flat 12, New Acre Court, Metcalfe Drive, Romiley, Stockport, Greater Manchester SK6 3BJ	-	-	2	Flat
£117K	04/23	0.23 mi	Flat 4, New Acre Court, Metcalfe Drive, Romiley, Stockport, Greater Manchester SK6 3BJ	-	-	2	Flat
£125K	03/21	0.29 mi	31a, Oak Avenue, Romiley, Stockport, Greater Manchester SK6 4DN	£1,453	86	2	Flat
£255K	11/20	0.35 mi	4, Highcroft Road, Romiley, Stockport, Greater Manchester SK6 4PS	£4,397	58	2	Flat
£111.5K	11/20	0.4 mi	42, Sandy Lane, Romiley, Stockport, Greater Manchester SK6 4NH	£1,297	86	2	Flat
£139.9K	10/21	0.4 mi	52, Sandy Lane, Romiley, Stockport, Greater Manchester SK6 4NH	£2,372	59	2	Flat
£222.5K	11/22	0.58 mi	Flat 4a, Harrytown Hall, Harrytown, Romiley, Stockport, Greater Manchester SK6 3BT	-	-	2	Flat
£277.5K	02/21	0.66 mi	47, Cambridge Drive, Woodley, Stockport, Greater Manchester SK6 1HZ	£4,336	64	2	Flat
£142.5K	10/22	0.74 mi	43, Oldham Drive, Bredbury, Stockport, Greater Manchester SK6 1HD	-	-	2	Flat
£100K	12/20	0.81 mi	4, Chamberlain Gardens, Bredbury, Stockport, Greater Manchester SK6 1BR	£1,639	61	2	Flat
£120K	04/21	0.81 mi	2, Chamberlain Gardens, Bredbury, Stockport, Greater Manchester SK6 1BR	£2,000	60	2	Flat
£120K	02/21	0.81 mi	7, Chamberlain Gardens, Bredbury, Stockport, Greater Manchester SK6 1BR	£2,000	60	2	Flat
£132K	01/23	0.9 mi	Flat 20, Springbank Court, Manor Road, Woodley, Stockport, Greater Manchester SK6 1RW	-	-	2	Flat
£80K	04/21	0.95 mi	67, Mill Lane, Woodley, Stockport, Greater Manchester SK6 1QJ	£1,455	55	2	Flat
£210K	11/20	1.04 mi	23, Birchall Green, Woodley, Stockport, Greater Manchester SK6 1RZ	£4,038	52	2	Flat
£233K	05/21	1.46 mi	11, Redbrow Hollow, Compstall, Stockport, Greater Manchester SK6 5GF	£3,149	74	2	Flat
£182K	06/23	1.59 mi	Apartment 9, Chelford House, Offerton Road, Stockport, Greater Manchester SK2 5GE	-	-	2	Flat
£230K	05/22	1.59 mi	Apartment 12, Chelford House, Offerton Road, Stockport, Greater Manchester SK2 5GE	-	-	2	Flat
£250K	06/21	1.74 mi	50, Poise Brook Road, Stockport, Greater Manchester SK2 5JF	-	-	2	Flat
£167K	01/23	1.92 mi	Flat 10a, King Edwards Court, King Edward Road, Hyde, Greater Manchester SK14 5JR	-	-	2	Flat
£136K	05/21	1.95 mi	8, Moreton Lane, Stockport, Greater Manchester SK2 5SW	-	-	2	Flat
£210K	02/21	1.99 mi	38, Kingfisher Road, Stockport, Greater Manchester SK2 5JR	£3,443	61	2	Flat

Local Rents

10 rents from £775/mo to £1.5K/mo, average is £1K/mo.

Rent	Date	Distance	Address	Beds	Type
£875	08/24	0.07 mi	Sunfield, Romiley, Stockport	2	Flat
£1,395	03/25	0.14 mi	-	2	Terraced House
£850	03/25	0.39 mi	-	2	Flat
£1,000	08/24	0.46 mi	Barrack Hill, Romiley	2	Flat
£1,500	08/24	0.51 mi	Oakwood Hall, Romiley, Stockport	2	Flat
£775	12/24	0.51 mi	Berrycroft Lane, Bredbury, Stockport	2	Flat
£1,100	08/24	0.54 mi	Wakefield Crescent, Romiley, Stockport, Cheshire, SK6	2	Flat
£1,050	08/24	0.56 mi	George Lane, Bredbury, Stockport	2	Flat
£875	12/24	0.61 mi	The Ridgway, Bredbury Green, Romiley, Stockport, Cheshire	2	Semi-Detached House
£1,200	08/24	0.62 mi	Coppice Close, Woodley, Stockport, Greater Manchester, SK6	2	Flat

Local Area Statistics

Population in SK6	50,68950,689
Town centre distance	1.27 miles away1.27 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.04 miles away0.04 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 £140,000

July 23, 2024

Sold for £125,000

2022

Sold for £43,800

2012

Floor Plans

Description

GREAT LOCATION - A well presented Two Bedroom apartment located close to Romiley Village and Railway Station. This second floor apartment enjoys large well tended communal gardens along with residents parking and is offered with no onward chain.

In brief the accommodation is laid out as follows: Communal entrance with security intercom, Entrance Hall with a walk in storage closet plus two further storage cupboards, bright & airy Lounge, separate fitted Kitchen, 2 generous bedrooms and bathroom. Gas central heating is installed as well as uPVC double glazing. Sure to interest first time buyers, somebody downsizing or buy to let investors, this apartment is sure to prove extremely popular.

Situated a stones throw from Romiley with its supermarkets, pubs, bars & restaurants, as well as Romiley Train Station. Scenic walks are also nearby for those that like the outdoors.

PLEASE NOTE: The internal photographs are historic, from before the current tenants moved in.

N.B In order to comply with the relevant legislation, we inform you that the seller of this property is a relative of a member of staff at Bridgfords.

Agent Details

Bridgfords, Marple

0161 524 2275

Next Steps?

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