2 Bed Flat, Single Let, Bredbury, SK6 2HJ, £145,000

Yew Tree Drive, Bredbury, Stockport, Greater Manchester, SK6 2HJ - 1 views - 7 months ago

Leasehold
BTL
ROI: 5%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£74.5K - £300K
Sold Prices/m²£1.3K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£161,590
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£5,550

Total Cash In

£41,800

 

 

Cash Out

 

Rent Range

£775 - £1,300

Rent Estimate

£791

Running Costs/mo

£631

Cashflow/mo

£160

Cashflow/yr

£1,916

ROI

5%

Gross Yield

7%

Local Sold Prices

47 sold prices from £74.5K to £300K, average is £140K. £1.3K/m² to £4.4K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£120K02/210.71 mi7, Chamberlain Gardens, Bredbury, Stockport, Greater Manchester SK6 1BR2
£100K12/200.72 mi4, Chamberlain Gardens, Bredbury, Stockport, Greater Manchester SK6 1BR2
£120K04/210.72 mi2, Chamberlain Gardens, Bredbury, Stockport, Greater Manchester SK6 1BR2
£222.5K11/220.78 miFlat 4a, Harrytown Hall, Harrytown, Romiley, Stockport, Greater Manchester SK6 3BT2
£142.5K10/220.96 mi43, Oldham Drive, Bredbury, Stockport, Greater Manchester SK6 1HD2
£210K11/200.98 mi23, Birchall Green, Woodley, Stockport, Greater Manchester SK6 1RZ2
£80K04/210.98 mi67, Mill Lane, Woodley, Stockport, Greater Manchester SK6 1QJ2
£141K03/230.99 miApartment 14, Alder Heights, New Zealand Road, Stockport, Greater Manchester SK1 4AG2
£300K06/211.1 mi19a, Offerton Lane, Stockport, Greater Manchester SK2 5AA2
£101K05/231.18 miFlat 12, New Acre Court, Metcalfe Drive, Romiley, Stockport, Greater Manchester SK6 3BJ2
£87.5K10/201.18 miFlat 11, New Acre Court, Metcalfe Drive, Romiley, Stockport, Greater Manchester SK6 3BJ2
£117K04/231.18 miFlat 4, New Acre Court, Metcalfe Drive, Romiley, Stockport, Greater Manchester SK6 3BJ2
£120K06/211.22 mi62, Marsland Terrace, Stockport, Greater Manchester SK1 4PZ2
£136K05/211.28 mi8, Moreton Lane, Stockport, Greater Manchester SK2 5SW2
£132K01/231.36 miFlat 20, Springbank Court, Manor Road, Woodley, Stockport, Greater Manchester SK6 1RW2
£277.5K02/211.5 mi47, Cambridge Drive, Woodley, Stockport, Greater Manchester SK6 1HZ2
£125K02/211.51 mi118a, Lowndes Lane, Stockport, Greater Manchester SK2 6DH2
£138K03/231.52 mi37, Broomfield Drive, Stockport, Greater Manchester SK5 7DR2
£160K08/221.52 mi31, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£162.3K10/221.52 mi76, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£148K02/231.53 mi43, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£156K06/231.53 mi59, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£140K09/211.53 mi34, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£140K01/231.53 mi83, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£140K01/231.53 mi1, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£140K01/231.53 mi72, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£140K07/211.53 mi35, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£144K01/211.53 mi48, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£74.5K06/211.53 mi37, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£137.5K03/211.53 mi47, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£145K04/231.53 mi63, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£153.5K03/231.53 mi86, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£255K11/201.55 mi4, Highcroft Road, Romiley, Stockport, Greater Manchester SK6 4PS2
£125K03/211.58 mi31a, Oak Avenue, Romiley, Stockport, Greater Manchester SK6 4DN2
£111.5K11/201.65 mi42, Sandy Lane, Romiley, Stockport, Greater Manchester SK6 4NH2
£139.9K10/211.65 mi52, Sandy Lane, Romiley, Stockport, Greater Manchester SK6 4NH2
£185K12/221.72 mi23, Earl Street, Stockport, Greater Manchester SK3 9JZ2
£250K06/211.82 mi50, Poise Brook Road, Stockport, Greater Manchester SK2 5JF2
£155K12/221.87 miFlat 1, Regency Court, Niagara Street, Stockport, Greater Manchester SK2 6EE2
£147K06/221.87 miFlat 5, Regency Court, Niagara Street, Stockport, Greater Manchester SK2 6EE2
£92K03/211.89 mi6, Ash Close, Stockport, Greater Manchester SK2 7QR2
£152K04/221.89 miFlat 3, Regency Court, Niagara Street, Stockport, Greater Manchester SK2 6EE2
£155K05/221.89 miFlat 20, Manston Lodge, Hampstead Drive, Stockport, Greater Manchester SK2 7QL2
£152.5K10/211.92 mi5, Wildwood Close, Stockport, Greater Manchester SK2 6EX2
£130K08/211.95 mi40, Stitch Lane, Stockport, Greater Manchester SK4 2LS2
£182K06/232 miApartment 9, Chelford House, Offerton Road, Stockport, Greater Manchester SK2 5GE2
£230K05/222 miApartment 12, Chelford House, Offerton Road, Stockport, Greater Manchester SK2 5GE2

Local Rents

16 rents from £775/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,15012/240.21 mi-2
£1,20004/250.22 mi-2
£1,05007/240.22 mi-2
£1,15012/240.3 miPark View, Bredbury, Stockport, Cheshire, SK62
£1,00012/230.32 mi-2
£1,30011/240.43 mi-2
£1,10011/240.43 mi-2
£1,15012/240.47 mi-2
£82508/240.48 miLauren Court, 38 Lower Bents Lane, Bredbury, Stockport, SK62
£87508/240.48 miLauren Court, Bredbury, Stockport, SK62
£96008/240.52 mi-2
£80008/240.56 mi-2
£77508/240.56 mi-2
£77507/240.56 mi-2
£77504/250.56 mi-2
£1,15008/240.61 mi-2

Local Area Statistics

Population in SK6

50,689

Town centre distance

0.60 miles away

Nearest school

0.10 miles away

Nearest train station

0.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £145,000

September 4, 2024

Sold for £60,000

2007

Floor Plans

Description

  • No Chain +
  • Convenient Location +
  • Two Bedrooms +
  • Communal Parking +

This charming two-bedroom upper floor flat offers a fantastic opportunity for first-time buyers or investors seeking a well-connected home. Ideally situated, the property is within easy walking distance of local shops and reputable schools. The location is also perfect for commuters, with major bus routes, Bredbury train station, and the M60 motorway network all easily accessible.

Inside, the flat features a spacious living room that provides a comfortable area for relaxation and entertaining. Adjacent to the living room is a separate kitchen. The accommodation includes two generously sized double bedrooms, both offering ample space and versatility. A separate family bathroom completes the interior layout.

To the rear of the building, you'll find a communal parking area, providing convenience and peace of mind. This well-located property presents an excellent investment opportunity or a perfect start for those looking to step onto the property ladder. Don’t miss out on this desirable flat in a sought-after area!

Agent Details

Bridgfords, Stockport

0161 524 8021

Next Steps?

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