2 Bed Flat, Single Let, Bredbury, SK6 8JQ, £179,950

Fairacres Road, High Lane, Stockport, SK6 8JQ - 1 views - 9 months ago

Leasehold
BTL
ROI: 4%
~55 m²
+14 photos

ValuationOvervalued

Sold Prices£75K - £403K
Sold Prices/m²£1.3K/m² - £6K/m²

 

 

Square Metres

~55.43 m²
Price/m²£3.2K/m²

Value Estimate

£134,088

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£44,988

Stamp Duty & Legal Fees

£11,297

Total Cash In

£56,284

 

 

Cash Out

 

Rent Range

£875 - £1,200

Rent Estimate

£940

Running Costs/mo

£770

Cashflow/mo

£170

Cashflow/yr

£2,036

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £75K to £403K, average is £170K. £1.3K/m² to £6K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£350K03/210.3 mi27, Thornway, High Lane, Stockport, Greater Manchester SK6 8EL2
£255K11/211.43 mi11, West Towers Mews, Marple, Stockport, Greater Manchester SK6 7GR2
£162.5K05/231.57 mi23, Carlton Place, Hazel Grove, Stockport, Greater Manchester SK7 6AG2
£160K03/231.59 mi11, Dunvegan Road, Hazel Grove, Stockport, Greater Manchester SK7 6BB2
£130K12/201.59 mi23, Dunvegan Road, Hazel Grove, Stockport, Greater Manchester SK7 6BB2
£100K02/231.65 miFlat 6, The Orchard, Buxton Road, Disley, Stockport, Cheshire East SK12 2EY2
£95K02/231.66 miFlat 2, The Orchard, Buxton Road, Disley, Stockport, Cheshire East SK12 2EY2
£175K12/221.68 mi13, Goyt Road, Disley, Stockport, Cheshire East SK12 2BT2
£75K04/211.68 mi5, Mellor View, Disley, Stockport, Cheshire East SK12 2AX2
£170K06/221.71 mi56, Goyt Road, Disley, Stockport, Cheshire East SK12 2BT2
£75K06/212.01 mi46, Cooper Street, Hazel Grove, Stockport, Greater Manchester SK7 4LA2
£138.5K07/212.01 mi92, Cooper Street, Hazel Grove, Stockport, Greater Manchester SK7 4LA2
£140K08/212.01 mi20, Cooper Street, Hazel Grove, Stockport, Greater Manchester SK7 4LA2
£75K11/212.01 mi44, Cooper Street, Hazel Grove, Stockport, Greater Manchester SK7 4LA2
£100K02/212.07 mi17, Penny Brook Fold, Hazel Grove, Stockport, Greater Manchester SK7 4LU2
£182K06/232.1 miApartment 9, Chelford House, Offerton Road, Stockport, Greater Manchester SK2 5GE2
£230K05/222.1 miApartment 12, Chelford House, Offerton Road, Stockport, Greater Manchester SK2 5GE2
£310K05/212.12 mi63, Parklands Way, Poynton, Stockport, Cheshire SK12 1AT2
£110K09/212.15 mi19, Penney Brook Fold, Hazel Grove, Stockport, Greater Manchester SK7 4LU2
£210K02/212.18 mi38, Kingfisher Road, Stockport, Greater Manchester SK2 5JR2
£210K08/222.19 miApartment 4, Somerford House, Parklands Way, Poynton, Stockport, Cheshire East SK12 1AL2
£222.5K07/212.23 miApartment 5, Somerford House, Parklands Way, Poynton, Stockport, Cheshire East SK12 1AL2
£255K08/212.3 mi10, Mayfair Close, Poynton, Stockport, Cheshire East SK12 1FG2
£131.3K11/222.32 mi9, Bosden Hall Road, Hazel Grove, Stockport, Greater Manchester SK7 4JJ2
£220K04/212.34 miApartment 9, Holland Court, Willow Close, Poynton, Stockport, Cheshire SK12 1PL2
£195K01/212.34 miApartment 25, Holland Court, Willow Close, Poynton, Stockport, Cheshire SK12 1PL2
£205K08/212.34 miApartment 35, Holland Court, Willow Close, Poynton, Stockport, Cheshire SK12 1PL2
£245K08/222.34 miApartment 34, Holland Court, Willow Close, Poynton, Stockport, Cheshire East SK12 1PL2
£250K06/212.36 mi50, Poise Brook Road, Stockport, Greater Manchester SK2 5JF2
£125K12/202.36 mi36, Peveril Gardens, Newtown, Stockport, Cheshire SK12 2RG2
£115K12/202.36 mi31, Peveril Gardens, Newtown, Stockport, Cheshire East SK12 2RG2
£346K12/222.38 miFlat 5, Park View Court, Park Avenue, Poynton, Stockport, Cheshire East SK12 1QY2
£315K06/212.38 miFlat 1, Park View Court, Park Avenue, Poynton, Stockport, Cheshire East SK12 1QY2
£280K05/212.38 miFlat 2, Park View Court, Park Avenue, Poynton, Stockport, Cheshire East SK12 1QY2
£280K05/212.38 miFlat 2, Park View Court, Park Avenue, Poynton, Stockport, Cheshire East SK12 1QY2
£120K05/212.43 mi15, Maple Avenue, Newtown, Stockport, Cheshire East SK12 2RE2
£195K04/232.45 mi71a, Penrhyn Crescent, Hazel Grove, Stockport, Greater Manchester SK7 5ND2
£403K05/212.78 mi120a, Bramhall Moor Lane, Hazel Grove, Stockport, Greater Manchester SK7 5AU2
£279K10/222.81 mi20b, Market Street, New Mills, High Peak, Derbyshire SK22 4AE2
£100K12/202.84 mi38a, High Street, New Mills, High Peak, Derbyshire SK22 4AL2
£156K06/222.89 miApartment 12, Hyde Bank Mill, Hyde Bank Road, New Mills, High Peak, Derbyshire SK22 4PU2
£169.9K11/222.89 miApartment 29, Hyde Bank Mill, Hyde Bank Road, New Mills, High Peak, Derbyshire SK22 4PU2
£165K08/232.89 miApartment 37, Hyde Bank Mill, Hyde Bank Road, New Mills, High Peak, Derbyshire SK22 4PU2
£156K07/222.89 miApartment 7, Hyde Bank Mill, Hyde Bank Road, New Mills, High Peak, Derbyshire SK22 4PU2
£160K07/212.89 miApartment 14, Hyde Bank Mill, Hyde Bank Road, New Mills, High Peak, Derbyshire SK22 4PU2
£142K04/212.89 miApartment 22, Hyde Bank Mill, Hyde Bank Road, New Mills, High Peak, Derbyshire SK22 4PU2
£180K05/232.89 miApartment 15, Hyde Bank Mill, Hyde Bank Road, New Mills, High Peak, Derbyshire SK22 4PU2
£170K04/222.89 miApartment 18, Hyde Bank Mill, Hyde Bank Road, New Mills, High Peak, Derbyshire SK22 4PU2
£140K03/232.91 mi7a, Dorchester Parade, Hazel Grove, Stockport, Greater Manchester SK7 5HA2
£150K02/212.92 miFlat 13, Grosvenor Lodge, Dorchester Road, Hazel Grove, Stockport, Greater Manchester SK7 5HE2

Local Rents

11 rents from £875/mo to £1.2K/mo, average is £975/mo.

RentDateDistanceAddressBeds 
£1,20012/240.12 miMeadway, High Lane, Stockport, SK62
£87512/230.27 mi-2
£1,00010/240.27 mi-2
£94009/240.35 mi-2
£94011/240.35 mi-2
£1,20009/240.74 mi8 The Pines; Buxton Road West. SK122
£1,05008/231.17 mi-2
£94501/241.17 mi-2
£97509/241.17 mi-2
£97512/241.17 miUpper Hibbert Lane, Marple, Stockport, SK62
£1,10008/241.21 miDiamond Terrace, Marple, Stockport, Cheshire, SK62

Local Area Statistics

Population in SK6

50,689

Town centre distance

4.46 miles away

Nearest school

0.20 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £179,950

July 25, 2024

Floor Plans

Description

  • Two Bedrooms +
  • High Standard Living Accomodation +
  • Part Of Four Newly Converted Ground Floor Flats +
  • Communal Grounds With Parking +
  • Conveniently Located For High Lane Village And Amenities +
  • Gas Central Heating With Stylish Radiators With A 5 Year Warranty +
  • Luxury Kitchen & Bathroom +
  • Large Walk-in Storage Cupboard With TV Booster Amp +
  • Chain Free +
  • EPC Rating: C +

Ian Tonge Property Services are delighted to offer for sale this stunning two bedroomed ground floor flat that features a high standard of living accommodation throughout. Forming part of four newly transformed ground floor flats, the flat ensures convenience and desirability.

Step inside to discover a world of style and comfort. The open plan living room/kitchen is stunningly presented, airy with an attractive matt Dove Grey kitchen with beautiful granite work tops and built-in appliances.  The reception room leads to two elegant bedrooms, a large walk-in storage cupboard, providing ample space for sundries. The property also features a luxury modern bathroom with stylish Italian porcelain tiles and matt black fittings. The apartment is further enhanced with TV points and internet access points to both bedrooms and the lounge area.

As an added advantage  there are communal grounds featuring two designated parking bays, affording convenience for vehicle owners and guests. Furthermore, the property is offered chain-free, negating potential complicated and time-consuming property chains.

Located conveniently close to High Lane Village, the new occupier will have the luxury of local amenities within an easy reach. Without a doubt, this home has been thoughtfully designed and equipped for modern living, leaving no stone unturned in providing an exquisite, well-rounded living experience. Viewers will truly appreciate the space and standards on offer with this ground floor flat.

Agent Details

Ian Tonge Property Services Limited, High Lane

0161 524 7425

Next Steps?

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