2 Bed Terraced House, Refurb/BRRR, Stockport, SK7 4HW, £200,000

Chapel Street, Hazel Grove, Stockport, Cheshire, SK7 4HW - 1 views - 9 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~67 m²
+9 photos

ValuationOvervalued

Sold Prices£116K - £327.5K
Sold Prices/m²£1.5K/m² - £5.2K/m²

 

 

Square Metres

~67.19 m²
Price/m²£3K/m²

Value Estimate

£178,234

 

 

End Value (After Refurb)

£195,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£28,321

Bridging Loan Interest

£5,250

Total Cash In

£92,521

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£195,000

Mortgage (After Refinance)

£146,250

Mortgage LTV

75%

Cash Left In

£92,521

Equity

£48,750

Rent Range

£850 - £1,400

Rent Estimate

£1,048

Running Costs/mo

£839

Cashflow/mo

£209

Cashflow/yr

£2,508

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £116K to £327.5K, average is £185.8K. £1.5K/m² to £5.2K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£196K08/210.01 mi41, Chapel Street, Hazel Grove, Stockport, Greater Manchester SK7 4HW2
£203K06/210.01 mi23, Chapel Street, Hazel Grove, Stockport, Greater Manchester SK7 4HW2
£219.5K07/230.01 mi27, Chapel Street, Hazel Grove, Stockport, Greater Manchester SK7 4HW2
£148K04/210.01 mi31, Chapel Street, Hazel Grove, Stockport, Greater Manchester SK7 4HW2
£182K04/210.01 mi25, Chapel Street, Hazel Grove, Stockport, Greater Manchester SK7 4HW2
£219K10/210.08 mi47, Hazel Street, Hazel Grove, Stockport, Greater Manchester SK7 4JR2
£190K12/210.08 mi31, Hazel Street, Hazel Grove, Stockport, Greater Manchester SK7 4JR2
£165K05/210.08 mi28, Hazel Street, Hazel Grove, Stockport, Greater Manchester SK7 4JR2
£195K11/200.08 mi53, Hazel Street, Hazel Grove, Stockport, Greater Manchester SK7 4JR2
£210K07/230.08 mi10, Hazel Street, Hazel Grove, Stockport, Greater Manchester SK7 4JR2
£182.5K05/230.09 mi55, Chapel Street, Hazel Grove, Stockport, Greater Manchester SK7 4JH2
£195K02/230.1 mi34, Grove Street, Hazel Grove, Stockport, Greater Manchester SK7 4JW2
£184K05/230.1 mi10, Grove Street, Hazel Grove, Stockport, Greater Manchester SK7 4JW2
£197K10/210.11 mi16, Grove Street, Hazel Grove, Stockport, Greater Manchester SK7 4JW2
£170K02/210.13 mi13, Spring Gardens, Hazel Grove, Stockport, Greater Manchester SK7 4AE2
£210K10/210.13 mi9, Co Operative Street, Hazel Grove, Stockport, Greater Manchester SK7 4JN2
£265K07/230.13 mi7, Co Operative Street, Hazel Grove, Stockport, Greater Manchester SK7 4JN2
£210K03/230.14 mi10, Napier Street, Hazel Grove, Stockport, Greater Manchester SK7 4EW2
£141.5K04/210.14 mi30a, Napier Street, Hazel Grove, Stockport, Greater Manchester SK7 4EH2
£148.3K02/210.14 mi7, Grundey Street, Hazel Grove, Stockport, Greater Manchester SK7 4EU2
£168K04/210.14 mi18, Grundey Street, Hazel Grove, Stockport, Greater Manchester SK7 4EU2
£182K04/210.14 mi10, Grundey Street, Hazel Grove, Stockport, Greater Manchester SK7 4EU2
£220K02/230.15 mi36, Commercial Road, Hazel Grove, Stockport, Greater Manchester SK7 4AA2
£184K04/210.15 mi36, Hope Street, Hazel Grove, Stockport, Greater Manchester SK7 4EL2
£184K04/210.15 mi36, Hope Street, Hazel Grove, Stockport, Greater Manchester SK7 4EL2
£167K03/210.16 mi38, Hope Street, Hazel Grove, Stockport, Greater Manchester SK7 4EL2
£202.8K12/220.16 mi28, Lever Street, Hazel Grove, Stockport, Greater Manchester SK7 4EN2
£167.5K02/210.17 mi8, Lever Street, Hazel Grove, Stockport, Greater Manchester SK7 4EN2
£140.5K03/210.17 mi12, Lever Street, Hazel Grove, Stockport, Greater Manchester SK7 4EN2
£175K12/200.17 mi47, Napier Street, Hazel Grove, Stockport, Greater Manchester SK7 4EH2
£145K05/210.17 mi3, Marsland Street, Hazel Grove, Stockport, Greater Manchester SK7 4ER2
£167K10/200.18 mi6, Pineapple Street, Hazel Grove, Stockport, Greater Manchester SK7 4PR2
£195K11/220.18 mi10, Pineapple Street, Hazel Grove, Stockport, Greater Manchester SK7 4PR2
£172K01/230.19 mi36, Chester Road, Hazel Grove, Stockport, Greater Manchester SK7 5NU2
£160K11/200.19 mi8, Cooke Street, Hazel Grove, Stockport, Greater Manchester SK7 4EG2
£164.5K01/210.19 mi6, Cooke Street, Hazel Grove, Stockport, Greater Manchester SK7 4EG2
£231.1K10/220.2 mi27, Chester Road, Hazel Grove, Stockport, Greater Manchester SK7 5NU2
£225K04/230.2 mi51, Chester Road, Hazel Grove, Stockport, Greater Manchester SK7 5NU2
£197K01/210.2 mi13, Ash Street, Hazel Grove, Stockport, Greater Manchester SK7 4EQ2
£139K04/210.21 mi7, Station Street, Hazel Grove, Stockport, Greater Manchester SK7 4EX2
£272K07/210.21 mi15, Davenport Road, Hazel Grove, Stockport, Greater Manchester SK7 4EZ2
£187.5K04/210.25 mi5, Yeoman Close, Hazel Grove, Stockport, Greater Manchester SK7 4AY2
£165K03/210.27 mi4, Stanley Avenue, Hazel Grove, Stockport, Greater Manchester SK7 4ED2
£180.6K02/230.27 mi4, Stanley Avenue, Hazel Grove, Stockport, Greater Manchester SK7 4ED2
£249K07/210.29 mi11, Norbury Grove, Hazel Grove, Stockport, Greater Manchester SK7 5NX2
£197K04/210.3 mi21, Green Lane, Hazel Grove, Stockport, Greater Manchester SK7 4DZ2
£116K12/200.32 mi3, Charles Street, Hazel Grove, Stockport, Greater Manchester SK7 4DY2
£305K05/230.34 mi1, Kintore Avenue, Hazel Grove, Stockport, Greater Manchester SK7 4QJ2
£210K08/230.35 mi14, Mount Pleasant, Hazel Grove, Stockport, Greater Manchester SK7 4DS2
£327.5K11/200.35 mi42, Braemar Road, Hazel Grove, Stockport, Greater Manchester SK7 4QH2

Local Rents

34 rents from £850/mo to £1.4K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£92512/230 mi-2
£1,35011/240.08 mi-2
£1,10012/240.1 miHazel Street, Hazel Grove, Stockport, SK7 4JR2
£95012/240.11 miFlat 7 Dale House 204, London Road, Stockport, SK72
£1,15003/240.12 mi-2
£1,15008/240.12 miHazel St, Stockport, SK72
£1,10012/240.14 miGrundey Street, Hazel Grove, Stockport, Greater Manchester, SK72
£1,10006/230.14 mi-2
£1,20007/240.14 mi-2
£95012/240.16 miHatherlow Lane, Hazel Grove2
£97508/240.18 miPineapple Street, Hazel Grove, Stockport, Cheshire, SK72
£90012/240.18 miLondon Road, Hazel Grove, Stockport, SK72
£95004/250.18 mi-2
£95001/240.25 mi-2
£89504/230.26 mi-2
£95008/240.26 miGordon avenue SK72
£1,05006/230.26 mi-2
£1,09507/240.26 mi-2
£1,40012/240.26 mi-2
£1,15008/240.27 miStanely Avenue, Hazel Grove2
£1,05012/240.27 miGrosvenor Street, Stockport, Greater Manchester, SK72
£95012/240.31 miSchool Street, Stockport, Greater Manchester, SK72
£1,12512/240.37 miPeter Street, Hazel Grove, Stockport, Greater Manchester, SK72
£85008/240.38 miNewbourne Close, Hazel Grove, Stockport, Cheshire, SK7 5AE2
£1,00006/240.41 mi-2
£95008/230.41 mi-2
£1,20003/250.42 mi-2
£89508/240.42 miNelson Street, Hazel Grove, Stockport, Cheshire, SK72
£1,10006/240.47 mi-2
£97508/240.53 miTorkington Road, Stockport, Cheshire, SK72
£1,15002/250.59 mi-2
£1,15001/250.59 mi-2
£1,00009/230.6 mi-2
£1,00009/230.6 mi-2

Local Area Statistics

Population in SK7

40,669

Population in Stockport

181,140

Town centre distance

0.70 miles away

Nearest school

0.10 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Listed for £200,000

August 5, 2024

Floor Plans

Description

  • TWO BEDROOM MID TERRACED PROPERTY +
  • SPACIOUS LIVING ACCOMMODATION THROUGHOUT +
  • THREE PIECE FAMILY BATHROOM +
  • GOOD SIZED LAWN TO THE REAR +
  • BRICK BUILT SHED FOR STORAGE +
  • IN NEED OF SOME MODERNISATION +
  • ON STREET PARKING +
  • SHORT STROLL TO TORKINGTON PARK +
  • NEAR BY TO GREAT SCHOOL AND TRANSPORT LINKS +
  • CLOSE TO VERY REPUTABLE SCHOOLS +

Presenting this TWO DOUBLE BEDROOM mid terrace property with spacious living accommodation, kitchen, three piece family bathroom and enclosed garden with brick built shed ideally situated on this highly regarded location in Hazel Grove just a short distance to a wide range of local amenities, local schools and excellent transport links including Hazel Grove train station and the 192 bus route to Stockport and Manchester Piccadilly.

The property has versatile living accommodation throughout and offers a lot of character which is ideal for first time buyers or families alike that want a little project. Upon entry to the property, there is a welcoming, spacious lounge with views over the front aspect; Following into the kitchen with eye and base level units and access to the rear garden, additional storage space under the stairwell as well as stairs leading to the first floor. To the first floor there are two generous bedrooms; to complete the first-floor accommodation there is a tasteful three-piece family bathroom suite with low level WC, hand wash basin and bath with shower over.

Externally to the front, the property benefits from street parking and has a brick wall enclosing a small cottage style front yard. Externally to the rear, there is a flagged patio area leading into the lawned section and brick built shed which is great for storage. An internal viewing is advised to fully appreciate what this home has to offer.

TENURE: Freehold EPC - C Rated Council Tax - B

Property construction - Brick

Utilities: Water supply - Mains Electricity Supply - Mains Sewerage - Mains Heating - Gas central heating

Parking - On street parking

Estimate Broadband Speeds Overall - tbc Mobile Phone coverage - tbc

Any other relevant building information we are aware of - No Rights and restrictions we are aware of - Right of way for bin access Has the property flooded in the last 5 years - No

Agent Details

Lawler & Co, Hazel Grove

0161 524 8681

Next Steps?

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