2 Bed Flat, Single Let, Stockport, SK1 3DQ, £125,000

2a Mersey Square, Stockport, SK1 1NU - 2 views - 8 months ago

Leasehold

BTL

ROI: 8%

~68 m²

+3 photos

ValuationUndervalued

Sold Prices	£74.5K - £300K
Sold Prices/m²	£1.4K/m² - £3.3K/m²

Square Metres	~68.11 m²
Price/m²	£1.8K/m²
Value Estimate	£155,000£155,000
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£31,250£31,250
Stamp Duty & Legal Fees	£7,450£7,450
Total Cash In	£38,700£38,700

Cash Out
Rent Range	£795 - £3,100£795 - £3,100
Rent Estimate	£819
Running Costs/mo	£574£574
Cashflow/mo	£245£245
Cashflow/yr	£2,935£2,935
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

29 sold prices from £74.5K to £300K, average is £140K. £1.4K/m² to £3.3K/m², average is £2.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£156K	06/23	0.16 mi	59, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,851	55	2	Flat
£140K	09/21	0.16 mi	34, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,456	57	2	Flat
£140K	01/23	0.16 mi	83, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,373	59	2	Flat
£140K	01/23	0.16 mi	1, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,414	58	2	Flat
£140K	01/23	0.16 mi	72, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,333	60	2	Flat
£140K	07/21	0.16 mi	35, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,514	56	2	Flat
£144K	01/21	0.16 mi	48, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,526	57	2	Flat
£74.5K	06/21	0.16 mi	37, Hatters Court, Stockport, Greater Manchester SK1 3EB	£1,355	55	2	Flat
£137.5K	03/21	0.16 mi	47, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,331	59	2	Flat
£145K	04/23	0.16 mi	63, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,685	54	2	Flat
£153.5K	03/23	0.16 mi	86, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,769	55	2	Flat
£148K	02/23	0.16 mi	43, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,228	66	2	Flat
£160K	08/22	0.17 mi	31, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,857	56	2	Flat
£162.3K	10/22	0.17 mi	76, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,386	68	2	Flat
£185K	12/22	0.29 mi	23, Earl Street, Stockport, Greater Manchester SK3 9JZ	£2,638	70	2	Flat
£141K	03/23	0.57 mi	Apartment 14, Alder Heights, New Zealand Road, Stockport, Greater Manchester SK1 4AG	-	-	2	Flat
£120K	06/21	0.74 mi	62, Marsland Terrace, Stockport, Greater Manchester SK1 4PZ	£2,034	59	2	Flat
£300K	06/21	0.77 mi	19a, Offerton Lane, Stockport, Greater Manchester SK2 5AA	-	-	2	Flat
£123K	07/21	0.81 mi	36, Chelburn Court, Stockport, Greater Manchester SK3 8EN	£2,795	44	2	Flat
£82K	10/21	0.82 mi	16, Chelburn Court, Stockport, Greater Manchester SK3 8EN	£1,598	51	2	Flat
£136K	04/22	0.82 mi	12, Chelburn Court, Stockport, Greater Manchester SK3 8EN	£2,519	54	2	Flat
£77.5K	03/23	0.82 mi	23, Chelburn Court, Stockport, Greater Manchester SK3 8EN	£1,386	56	2	Flat
£165K	01/23	0.82 mi	24, Chelburn Court, Stockport, Greater Manchester SK3 8EN	£3,300	50	2	Flat
£130K	08/21	0.88 mi	40, Stitch Lane, Stockport, Greater Manchester SK4 2LS	-	-	2	Flat
£125K	02/21	0.9 mi	118a, Lowndes Lane, Stockport, Greater Manchester SK2 6DH	£2,315	54	2	Flat
£152K	04/22	0.91 mi	Flat 3, Regency Court, Niagara Street, Stockport, Greater Manchester SK2 6EE	-	-	2	Flat
£82.5K	04/22	0.92 mi	70, Newsham Road, Stockport, Greater Manchester SK3 8GN	£1,618	51	2	Flat
£155K	12/22	0.92 mi	Flat 1, Regency Court, Niagara Street, Stockport, Greater Manchester SK2 6EE	-	-	2	Flat
£147K	06/22	0.92 mi	Flat 5, Regency Court, Niagara Street, Stockport, Greater Manchester SK2 6EE	-	-	2	Flat

Local Rents

50 rents from £795/mo to £3.1K/mo, average is £1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,150	08/24	0 mi	Edward House, Edward Street, Stockport	2	Flat
£1,025	04/25	0.02 mi	-	2	Flat
£950	08/24	0.04 mi	Middle Hillgate, Hillgate, Stockport	2	Flat
£800	08/24	0.06 mi	Welcroft Street, Stockport Town Centre	2	Flat
£850	12/24	0.06 mi	Welcroft Street, Stockport Town Centre	2	Flat
£825	08/24	0.09 mi	Birchfield House, Hopes Carr, Stockport	2	Flat
£1,100	08/24	0.11 mi	Higher Hillgate, Stockport, Greater Manchester, SK1	2	Flat
£1,100	12/24	0.11 mi	Higher Hillgate, Stockport, Greater Manchester, SK1	2	Flat
£1,200	02/25	0.12 mi	-	2	Semi-Detached House
£1,000	12/24	0.13 mi	Hatters Court, Stockport, Greater Manchester, SK1	2	Flat
£950	08/24	0.13 mi	Hatters Court, Higher Hillgate	2	Flat
£975	12/24	0.15 mi	Hatters Court, Stockport, SK1 3EB	2	Flat
£975	11/23	0.16 mi	Hatters Court, Higher Hillgate, Stockport	2	Flat
£995	12/24	0.17 mi	Upper Brook Street,	2	Terraced House
£925	08/24	0.17 mi	-	2	Flat
£995	12/24	0.17 mi	-	2	Flat
£795	08/24	0.19 mi	-	2	Flat
£1,050	04/25	0.2 mi	-	2	Flat
£1,025	11/24	0.2 mi	-	2	Flat
£1,000	03/25	0.2 mi	-	2	Flat
£950	08/24	0.21 mi	Wellington Road South SK1	2	Flat
£850	08/24	0.21 mi	High Street, Stockport	2	Flat
£1,000	03/25	0.22 mi	-	2	Flat
£995	12/24	0.23 mi	Apartment 1 The Thatched House, 74 Churchgate, Stockport, SK1	2	Flat
£1,395	08/24	0.23 mi	Churchgate, Stockport, SK1	2	Flat
£950	08/24	0.24 mi	Regal House, Duke Street, Stockport, SK1	2	Flat
£950	12/24	0.24 mi	Regal House, Duke Street, Stockport, SK1	2	Flat
£950	12/24	0.24 mi	Regal House, Duke Street, Stockport, SK1	2	Flat
£995	11/23	0.26 mi	Thomson Street, Edgeley, Stockport, SK3	2	Terraced House
£1,200	08/24	0.28 mi	-	2	Terraced House
£1,200	04/25	0.28 mi	-	2	Terraced House
£1,050	08/24	0.31 mi	-	2	Flat
£1,100	12/24	0.32 mi	-	2	Flat
£1,000	08/24	0.32 mi	Wellington Road South, Stockport	2	Flat
£895	12/24	0.32 mi	Wellington Mill, Wellington Road South, Stockport, Cheshire, SK3	2	Flat
£1,000	12/24	0.32 mi	Wellington Road South, Stockport, Greater Manchester, SK3	2	Flat
£1,000	08/24	0.32 mi	Wellington Mill, Stockport	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
£1,580	12/24	0.34 mi	The Interchange, Stockport, SK3	2	Flat
£1,425	12/24	0.34 mi	The Interchange, Stockport, SK3	2	Flat
£1,425	12/24	0.34 mi	The Interchange, Daw Bank, Stockport, Greater Manchester, SK3	2	Flat
£1,465	12/24	0.34 mi	The Interchange, Daw Bank, Stockport, Greater Manchester, SK3	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	0.35 mi	The Interchange, Daw Bank, Stockport, Greater Manchester, SK3	2	Flat
£1,375	12/24	0.35 mi	Daw Bank, Stockport, Greater Manchester, SK3	2	Flat
£1,450	12/24	0.35 mi	Daw Bank, Stockport, Greater Manchester, SK3	2	Flat
£3,100	12/24	0.35 mi	-	2	Flat

Local Area Statistics

Population in SK1	11,23011,230
Population in Stockport	181,140181,140
Town centre distance	1.61 miles away1.61 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.33 miles away0.33 miles away

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

Property History

Listed for £125,000

August 14, 2024

Floor Plans

Description

No Onward Chain +
Ideal for Investors +
Central Location +
Modern Style +

Introducing this appealing two-bedroom flat, offered with no onward chain, and perfect for investors. Located in the heart of Stockport, this property is just a short distance from Stockport train station, as well as an array of shops, bars, and reputable schools.

The flat features two spacious double bedrooms, a separate bathroom, and a welcoming hallway. The highlight of the property is the large open-plan kitchen and living room, providing a modern and versatile space for both living and entertaining.

With its prime location and attractive layout, this flat presents a fantastic investment opportunity. Don’t miss out! Contact us today to arrange a viewing!

Agent Details

Bridgfords, Stockport

0161 524 8021

Next Steps?

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

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2 Bed Flat, Single Let, Stockport, SK1 3DQ, £125,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents