2 Bed Flat, Public Notice, Stalybridge, SK15 3BG, £85,000

3 The Thistle House, Bramble Court, Stalybridge, SK15 3BG - 1 views - 7 months ago

Leasehold
Cash
ROI: 8%
50 m²
+2 photos

ValuationFair Value

Sold Prices£55K - £225K
Sold Prices/m²£679/m² - £2.6K/m²

 

 

Square Metres

50 m²
Price/m²£1.7K/m²

Value Estimate

£86,700

 

 

End Value (After Refurb)

£113,057

Uplift in Value

+33%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£5,450

Refurb Costs

£21,075

Bridging Loan Interest

£2,231

Total Cash In

£51,757

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£113,057

Mortgage (After Refinance)

£84,793

Mortgage LTV

75%

Cash Released

£21,043

Cash Left In

£30,714

Equity

£28,264

Rent Range

£695 - £1,200

Rent Estimate

£878

Running Costs/mo

£549

Cashflow/mo

£329

Cashflow/yr

£3,949

ROI

8%

Gross Yield

12%

Local Sold Prices

50 sold prices from £55K to £225K, average is £110K. £679/m² to £2.6K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£118.5K07/230.92 miApartment 9, Stokes Mill, Higher Tame Street, Stalybridge, Greater Manchester SK15 3AN2
£123K11/220.94 miFlat 18, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£127K12/220.94 miFlat 30, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£109K10/210.95 miFlat 35, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£105K10/200.95 miFlat 15, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£113K11/200.95 miFlat 19, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£96.5K04/210.95 miFlat 31, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£125K07/220.95 miFlat 33, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£132K06/230.95 miFlat 2, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£135K07/230.95 miFlat 31, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£117.5K08/220.95 miFlat 20, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£124.3K05/220.95 miFlat 34, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£126K05/230.95 miFlat 6, Millers Wharf, Corn Mill Lane, Stalybridge, Greater Manchester SK15 2EA2
£139K08/230.96 miFlat 14, Gladstone Mill, Warrington Street, Stalybridge, Greater Manchester SK15 2HA2
£105K05/210.96 miFlat 62, Gladstone Mill, Warrington Street, Stalybridge, Greater Manchester SK15 2HA2
£129K07/230.96 miFlat 60, Gladstone Mill, Warrington Street, Stalybridge, Greater Manchester SK15 2HA2
£116K05/210.96 miFlat 16, Gladstone Mill, Warrington Street, Stalybridge, Greater Manchester SK15 2HA2
£110K05/220.96 miFlat 32, Gladstone Mill, Warrington Street, Stalybridge, Greater Manchester SK15 2HA2
£80K10/211.12 miApartment 16, Regency Court, Waterloo Road, Stalybridge, Greater Manchester SK15 2AD2
£102K07/231.12 miApartment 16, Regency Court, Waterloo Road, Stalybridge, Greater Manchester SK15 2AD2
£138K03/231.17 mi11, Calico Crescent, Carrbrook, Stalybridge, Greater Manchester SK15 3FL2
£69.3K08/211.22 mi10, Newton Street, Stalybridge, Greater Manchester SK15 1LJ2
£100K10/211.23 miFlat 7, Mitre House, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NA2
£105K12/231.23 miFlat 2, Mitre House, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NA2
£100K10/211.23 miFlat 7, Mitre House, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NA2
£135K10/221.27 miFlat 50, Gladstone Mill, Warrington Street, Stalybridge, Greater Manchester SK15 2HA2
£177.5K12/201.41 mi30, Richmond Crescent, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LQ2
£105K04/211.43 mi15, Park Square, Ashton-under-lyne, Greater Manchester OL6 9RT2
£105K10/221.43 mi31, Park Square, Ashton-under-lyne, Greater Manchester OL6 9RT2
£100K12/211.43 mi23, Park Square, Ashton-under-lyne, Greater Manchester OL6 9RT2
£115K02/231.43 mi27, Park Square, Ashton-under-lyne, Greater Manchester OL6 9RT2
£106.5K04/231.43 mi21, Park Square, Ashton-under-lyne, Greater Manchester OL6 9RT2
£92.5K02/221.45 mi35, Cravenwood, Ashton-under-lyne, Greater Manchester OL6 8AX2
£88K11/201.45 mi31, Cravenwood, Ashton-under-lyne, Greater Manchester OL6 8AX2
£94K04/221.45 mi29, Cravenwood, Ashton-under-lyne, Greater Manchester OL6 8AX2
£110K05/221.45 mi43, Cravenwood, Ashton-under-lyne, Greater Manchester OL6 8AX2
£130K08/231.45 mi31, Cravenwood, Ashton-under-lyne, Greater Manchester OL6 8AX2
£55K06/211.58 mi60a, High Street, Stalybridge, Greater Manchester SK15 1SE2
£225K02/221.71 mi3, Lytham Court, Ashton-under-lyne, Greater Manchester OL6 9HZ2
£78K10/231.75 mi16, Hurst Court, Ashton-under-lyne, Greater Manchester OL6 8JD2
£97K09/231.77 mi2, Rowan Crescent, Dukinfield, Greater Manchester SK16 5ET2
£139.5K01/231.77 mi8, Three Counties Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GA2
£105K03/211.77 mi10, Three Counties Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GA2
£117K07/221.77 mi22, Three Counties Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GA2
£110K01/211.77 mi26, Three Counties Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GA2
£110K10/211.77 mi4, Three Counties Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GA2
£110K10/211.77 mi4, Three Counties Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GA2
£139.3K02/221.78 mi17, Border Mill Fold, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GD2
£108K12/201.81 mi51, Border Mill Fold, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GD2
£117K10/201.81 mi47, Border Mill Fold, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GD2

Local Rents

35 rents from £695/mo to £1.2K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£80008/240 miThe Cedar House, Millbrook, Stalybridge2
£82508/240.02 miThistle House, Bramble Court, Millbrook, SK152
£75008/240.02 miThe Thistle House, Stalybridge2
£85011/230.06 miGrenville Street, Stalybridge, Greater Manchester, SK152
£1,00008/240.09 miStaley Farm Close, Stalybridge, Greater Manchester, SK152
£85008/240.09 miStaley Farm Close, Stalybridge, Greater Manchester, SK152
£90003/250.15 mi-2
£79511/230.3 miThe Millbrook, Huddersfield Road, Stalybridge, Greater Manchester, SK152
£90008/240.31 mi-2
£85003/250.69 mi-2
£85008/240.82 miOxford Street, Stalybridge2
£80008/240.86 miHuddersfield Road, Stalybridge2
£92503/250.87 mi-2
£80008/240.87 miCroft Street, Stalybridge2
£87503/250.88 mi-2
£83508/240.9 miKnowl Street, Stalybridge2
£1,00011/240.91 mi-2
£1,20012/240.91 mi-2
£69508/240.92 mi-2
£75002/250.92 mi-2
£75004/250.92 mi-2
£80008/240.96 miPortland Place Mottram Road, Stalybridge, Cheshire, SK152
£87508/240.96 miGladstone Mill, Stalybridge2
£89508/240.97 miCecil Street, Stalybridge, Greater Manchester, SK152
£99508/241.05 mi-2
£96503/251.1 mi-2
£99503/251.11 mi-2
£69511/231.12 miRegency Court, Waterloo Road, Stalybridge, SK152
£79508/241.16 mi-2
£70001/251.16 mi-2
£87510/241.19 mi-2
£1,00006/241.19 miKingsley Close, Ashton-Under-Lyne, Lancashire, OL62
£95010/241.2 mi-2
£1,10010/241.2 mi-2
£1,10008/241.21 miCastle Street, Stalybridge, Greater Manchester, SK152

Local Area Statistics

Population in SK15

27,625

Town centre distance

0.54 miles away

Nearest school

0.40 miles away

Nearest train station

1.36 miles away

 

 

Rental growth (12m)

+27%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Listed for £85,000

September 3, 2024

Description

  • CASH BUYERS ONLY +
  • SOUGHT AFTER LOCATION +
  • INVESTMENT OPPORTUNITY +
  • GROUND FLOOR FLAT +
  • ALLOCATED PARKING +

PUBLIC NOTICE
3 The Thistle House, Bramble Court, Stalybridge, SK15 3BG
We are acting in the sale of the above property and have received an offer of £85,000
Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place.
EPC Rating: C

CASH BUYERS ONLY, PROPERTY IS NOT MORTGAGEABLE DUE TO AN ISSUE WITH THE CULVERT

This ground floor flat, currently listed for sale, is in good condition and ready for immediate occupancy. With two bedrooms, an ensuite and a family bathroom, it is an ideal choice for couples, first-time buyers, or investors. The property boasts a single open plan reception room and kitchen, perfect for entertaining or relaxing in comfort.

As a major advantage, this flat comes with no onward chain, making the buying process smooth and hassle-free. This flat comes with an allocated parking space.

The location is another bonus point, with easy access to public transport links, making daily commuting a breeze. For those with children, the proximity to local schools is a key consideration, while the local amenities cater to your everyday needs.

The flat is energy efficient, with a 'C' EPC rating, contributing to lower energy bills and a smaller carbon footprint. The property falls under council tax band 'B', making it a cost-effective choice for potential buyers.

Overall, this flat offers a combination of comfort, convenience, and a prime location, making it a worthwhile investment. Don't miss out on this opportunity to own a property that caters to all your needs.

Leasehold and service charges - TBC

Entrance Hallway - The entrance hall benefits from electric heater, storage cupboard with space for washing machine and intercom services.

Open Plan Kitchen/Lounge - 3.89 x 5.97 (12'9" x 19'7") - The open plan living area benefits from UPVC sliding doors with Juliet balcony, two electric wall heaters and a range of wall and base units with coordinating work surface. Integral oven, hob and extractor fan and space for a free standing fridge freezer.

Master Bedroom - 2.44 x 3 (8'0" x 9'10") - The master bedroom benefits from UPVC window and electric heater.

Ensuite Bathroom - The ensuite bathroom has been fitted with a walk in shower cubicle, LLWC and pedestal sink. The tiled walls, extractor fan and towel heater complete the ensuite.

Second Bedroom - 2.46 x 3.07 (8'0" x 10'0") - The second double bedroom benefits from UPVC window and electric heater.

Bathroom - The bathroom has been fitted with a panelled bath, pedestal sink and LLWC. The walls are part tiled and there is a towel warmer.

Agent Details

Hunters, Stalybridge

0161 524 4991

Next Steps?

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