3 Bed Semi-Detached House, Refurb/BRRR, Stockport, SK7 4HX, £315,000

Queens Road, Stockport, SK7 4HX - 2 views - 9 months ago

Under Offer
Refurb/BRRR
ROI: 2%
~93 m²
+23 photos

ValuationOvervalued

Sold Prices£132.5K - £475K
Sold Prices/m²£1.8K/m² - £4.8K/m²

 

 

Square Metres

~93 m²
Price/m²£3.4K/m²

Value Estimate

£256,346

 

 

End Value (After Refurb)

£248,050

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£78,750

Stamp Duty & Legal Fees

£13,900

Refurb Costs

£39,200

Bridging Loan Interest

£8,269

Total Cash In

£141,869

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£248,050

Mortgage (After Refinance)

£186,038

Mortgage LTV

75%

Cash Left In

£141,869

Equity

£62,013

Rent Range

£975 - £1,650

Rent Estimate

£1,304

Running Costs/mo

£1,056

Cashflow/mo

£248

Cashflow/yr

£2,977

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £132.5K to £475K, average is £242K. £1.8K/m² to £4.8K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£318K08/230.01 mi16, Queens Road, Hazel Grove, Stockport, Greater Manchester SK7 4HX3
£181.5K12/200.04 mi9, Victoria Avenue, Hazel Grove, Stockport, Greater Manchester SK7 4HY3
£295K03/210.04 mi43, Queens Road, Hazel Grove, Stockport, Greater Manchester SK7 4HX3
£180K05/210.11 mi21, Vine Street, Hazel Grove, Stockport, Greater Manchester SK7 4JP3
£295K02/210.11 mi63, Queens Road, Hazel Grove, Stockport, Greater Manchester SK7 4HZ3
£282.5K12/200.11 mi19, Rochester Grove, Hazel Grove, Stockport, Greater Manchester SK7 4JD3
£270K03/230.11 mi12, Rochester Grove, Hazel Grove, Stockport, Greater Manchester SK7 4JD3
£195K03/210.12 mi79, Chapel Street, Hazel Grove, Stockport, Greater Manchester SK7 4JH3
£151.5K09/220.13 mi58, Spring Gardens, Hazel Grove, Stockport, Greater Manchester SK7 4AE3
£282.5K08/230.15 mi17, Grove Street, Hazel Grove, Stockport, Greater Manchester SK7 4JW3
£167K10/220.16 mi44, Spring Gardens, Hazel Grove, Stockport, Greater Manchester SK7 4AE3
£150K05/210.16 mi29, Grove Street, Hazel Grove, Stockport, Greater Manchester SK7 4JW3
£310K09/230.17 mi59, Chester Road, Hazel Grove, Stockport, Greater Manchester SK7 5NU3
£199K03/210.2 mi29, Commercial Road, Hazel Grove, Stockport, Greater Manchester SK7 4BG3
£200K03/230.22 mi45, Commercial Road, Hazel Grove, Stockport, Greater Manchester SK7 4BG3
£218K02/210.23 mi10, Davenport Road, Hazel Grove, Stockport, Greater Manchester SK7 4EZ3
£475K04/230.25 mi37, Davenport Road, Hazel Grove, Stockport, Greater Manchester SK7 4HA3
£250K01/210.26 mi31, Bosden Avenue, Hazel Grove, Stockport, Greater Manchester SK7 4LH3
£321K01/230.27 mi43, Neville Street, Hazel Grove, Stockport, Greater Manchester SK7 4EB3
£229.9K04/210.29 mi4, Bosden Fold Road, Hazel Grove, Stockport, Greater Manchester SK7 4LQ3
£190K12/200.29 mi19, Bosden Fold Road, Hazel Grove, Stockport, Greater Manchester SK7 4LQ3
£450K02/210.3 mi49, Davenport Road, Hazel Grove, Stockport, Greater Manchester SK7 4HA3
£295K11/220.32 mi36, Neville Street, Hazel Grove, Stockport, Greater Manchester SK7 4EB3
£150K02/210.32 mi34, Hazelwood Road, Hazel Grove, Stockport, Greater Manchester SK7 4LZ3
£246K08/210.34 mi17, Norbury Crescent, Hazel Grove, Stockport, Greater Manchester SK7 5PD3
£190K12/200.34 mi1, Meadow Croft, Hazel Grove, Stockport, Greater Manchester SK7 4ND3
£229K07/230.36 mi9, Green Lane, Hazel Grove, Stockport, Greater Manchester SK7 4DZ3
£132.5K05/230.4 mi11, Cooper Street, Hazel Grove, Stockport, Greater Manchester SK7 4LT3
£234K01/230.41 mi65, Farndon Avenue, Hazel Grove, Stockport, Greater Manchester SK7 4LJ3
£232.5K12/200.41 mi21, Nelson Street, Hazel Grove, Stockport, Greater Manchester SK7 4LR3
£300K08/210.42 mi1, Braemar Road, Hazel Grove, Stockport, Greater Manchester SK7 4QG3
£265K08/230.42 mi80, Garthland Road, Hazel Grove, Stockport, Greater Manchester SK7 4PB3
£285K03/210.43 mi3, Balmoral Grove, Hazel Grove, Stockport, Greater Manchester SK7 4QF3
£215K03/210.43 mi2, Cooper Street, Hazel Grove, Stockport, Greater Manchester SK7 4LA3
£236.4K07/230.44 mi8, Grenville Road, Hazel Grove, Stockport, Greater Manchester SK7 5AF3
£295K03/210.44 mi57, Avondale Avenue, Hazel Grove, Stockport, Greater Manchester SK7 4QE3
£263K01/210.44 mi4, Edale Close, Hazel Grove, Stockport, Greater Manchester SK7 6JZ3
£255K07/230.46 mi19, Rydal Avenue, Hazel Grove, Stockport, Greater Manchester SK7 5AW3
£228K12/200.46 mi7, Rydal Avenue, Hazel Grove, Stockport, Greater Manchester SK7 5AW3
£317.5K06/230.48 mi77, Longmead Avenue, Hazel Grove, Stockport, Greater Manchester SK7 5PJ3
£230K05/210.51 mi12, Rosebery Street, Stockport, Greater Manchester SK2 7JA3
£238K05/210.51 mi1, Dorothy Road, Hazel Grove, Stockport, Greater Manchester SK7 4NZ3
£280K08/230.51 mi19, Walden Crescent, Hazel Grove, Stockport, Greater Manchester SK7 5AN3
£215K02/210.52 mi7, Barrule Avenue, Hazel Grove, Stockport, Greater Manchester SK7 6JY3
£265K08/230.52 mi10, Barrule Avenue, Hazel Grove, Stockport, Greater Manchester SK7 6JY3
£267K03/230.52 mi9, Newlyn Close, Hazel Grove, Stockport, Greater Manchester SK7 5LZ3
£272K12/200.52 mi8, Newlyn Close, Hazel Grove, Stockport, Greater Manchester SK7 5LZ3
£258K03/230.53 mi26, Gower Avenue, Hazel Grove, Stockport, Greater Manchester SK7 5AL3
£226K01/230.54 mi5, Prestbury Close, Stockport, Greater Manchester SK2 7HW3
£233.8K05/210.54 mi10, Prestbury Close, Stockport, Greater Manchester SK2 7HW3

Local Rents

24 rents from £975/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,65012/240.15 miGrove Street SK73
£1,45008/240.16 miSpring Gardens SK73
£1,20002/240.16 mi-3
£1,25006/230.16 mi-3
£1,25004/250.17 mi-3
£1,30008/240.2 miKings Road, Hazel Grove, Stockport, SK73
£1,10004/240.2 mi-3
£1,25008/240.23 miCommercial Road, Hazel Grove, Stockport, SK73
£1,52508/240.24 miHazelwood Road, Hazel Grove, Stockport, SK73
£1,30004/250.27 mi-3
£1,25012/230.29 mi-3
£1,40011/240.37 mi-3
£1,10008/240.39 miClarendon Road, Hazel Grove, Stockport, SK7 4NT3
£1,35008/240.4 miCooper Street, Hazel Grove, Stockport, Greater Manchester, SK73
£1,25005/240.45 mi-3
£1,30012/240.51 miDorothy Road, Stockport, Greater Manchester, SK73
£1,30009/240.52 mi-3
£1,30012/240.52 miDorothy Road, Hazel Grove, Stockport, SK73
£1,35002/240.52 mi-3
£1,29504/230.52 mi-3
£1,50012/240.56 mi38 Corfe Crescent, Hazel Grove, Stockport3
£1,40008/240.57 miReevey Avenue, Hazel Grove3
£97511/230.57 mi-3
£1,20009/240.6 miHenbury Street, Stockport, Cheshire, SK23

Local Area Statistics

Population in SK7

40,669

Population in Stockport

181,140

Town centre distance

0.75 miles away

Nearest school

0.10 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Listed for £315,000

August 13, 2024

Floor Plans

Description

  • Victorian Semi-Detached Property +
  • Driveway and Garage +
  • 3 Bedrooms +
  • 2 Reception Rooms +
  • uPVC Double Glazing and Gas Central Heating +
  • Close to local shops and amenities +

Ian Tonge Property Services are delighted to market for sale this three bedroom semi-detached Victorian house. With detached garage, private rear garden, front garden and off road parking. Some cosmetic modernisation needed. uPVC Double Glazing and Gas Central Heating. Located in central Hazel Grove with NO ONWARD CHAIN! Two reception rooms, kitchen, three good sized bedrooms and bathroom. Must view to appreciate the potential of this property.

Agent Details

Ian Tonge Property Services Limited, Hazel Grove

0161 524 9316

Next Steps?

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