3 Bed Terraced House, Refurb/BRRR, Stockport, SK4 2LP, £250,000

Wellington Road North, Heaton Norris SK4 2LP - 4 views - 7 months ago

Sold STC
Refurb/BRRR
~222 m²
+17 photos

ValuationFair Value

Sold Prices£135K - £550K
Sold Prices/m²£1.6K/m² - £5.1K/m²

 

 

Square Metres

~222 m²
Price/m²£1.1K/m²

Value Estimate

£255,000

 

 

End Value (After Refurb)

£596,157

Uplift in Value

+138%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Refurb Costs

£93,789

Bridging Loan Interest

£6,563

Total Cash In

£178,301

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£596,157

Agent Fees (1%)

£5,962

Bridging Loan

£187,500

Bridging Loan Interest

£6,563

Flip Profit

£224,394

Local Sold Prices

50 sold prices from £135K to £550K, average is £315K. £1.6K/m² to £5.1K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£310K06/230.05 mi1, Cotswold Road, Stockport, Greater Manchester SK4 1JS3
£315K03/230.12 mi24, Gail Avenue, Stockport, Greater Manchester SK4 2PY3
£135K04/230.12 mi8, Gail Avenue, Stockport, Greater Manchester SK4 2PY3
£381.5K12/220.12 mi1, Gail Avenue, Stockport, Greater Manchester SK4 2PY3
£166K11/200.14 mi37, Lloyd Street, Stockport, Greater Manchester SK4 1NE3
£239K06/230.14 mi39, Lloyd Street, Stockport, Greater Manchester SK4 1NE3
£287.5K09/210.19 mi61, Ashburn Road, Stockport, Greater Manchester SK4 2PU3
£520K12/200.19 mi35, Ashburn Road, Stockport, Greater Manchester SK4 2PU3
£348K06/230.19 mi58, Ashburn Road, Stockport, Greater Manchester SK4 2PU3
£402K12/200.2 mi17, Ashburn Road, Stockport, Greater Manchester SK4 2PU3
£385K08/210.21 mi3, Fairholme Road, Stockport, Greater Manchester SK4 2QB3
£267K02/210.23 mi15, Church Road, Stockport, Greater Manchester SK4 1LJ3
£230K03/230.23 mi42, Church Road, Stockport, Greater Manchester SK4 1LJ3
£415K06/210.24 mi24, Ashburn Road, Stockport, Greater Manchester SK4 2PS3
£402K03/230.25 mi9, Bower Avenue, Stockport, Greater Manchester SK4 2LX3
£400K04/210.25 mi58, Bowerfold Lane, Stockport, Greater Manchester SK4 2LU3
£430K04/210.27 mi8, Pendennis Road, Stockport, Greater Manchester SK4 2QA3
£447.4K04/210.28 mi48, Heaton Road, Stockport, Greater Manchester SK4 4JJ3
£550K04/210.28 mi7, Sutton Road, Stockport, Greater Manchester SK4 2PR3
£166K03/210.29 mi55, Old Road, Stockport, Greater Manchester SK4 1TD3
£505.5K03/210.3 mi8, Alexandra Road, Stockport, Greater Manchester SK4 2QE3
£400K04/210.3 mi4, Alexandra Road, Stockport, Greater Manchester SK4 2QE3
£475.6K12/200.3 mi3, Alexandra Road, Stockport, Greater Manchester SK4 2QE3
£270K12/220.35 mi186, Lloyd Street, Stockport, Greater Manchester SK4 1NH3
£237.5K01/210.36 mi9, Colin Road, Stockport, Greater Manchester SK4 1NJ3
£300K07/230.36 mi9, Colin Road, Stockport, Greater Manchester SK4 1NJ3
£375K12/220.37 mi45, Nursery Road, Stockport, Greater Manchester SK4 2ND3
£368K04/210.37 mi67, Nursery Road, Stockport, Greater Manchester SK4 2ND3
£450K06/210.37 mi51, Nursery Road, Stockport, Greater Manchester SK4 2ND3
£273K12/200.4 mi123, Manchester Road, Stockport, Greater Manchester SK4 1NL3
£285K02/210.4 mi115, Manchester Road, Stockport, Greater Manchester SK4 1NL3
£500K09/220.41 mi12, Warwick Road, Stockport, Greater Manchester SK4 4NQ3
£302K12/200.42 mi83, Warwick Road, Stockport, Greater Manchester SK4 2NL3
£375K02/210.43 mi214, Green Lane, Stockport, Greater Manchester SK4 2NF3
£330K12/200.44 mi220, Manchester Road, Stockport, Greater Manchester SK4 1NN3
£295K10/200.45 mi49, Norris Hill Drive, Stockport, Greater Manchester SK4 2NR3
£360K10/200.45 mi14, St Martins Avenue, Stockport, Greater Manchester SK4 2JF3
£242.5K03/210.45 mi34, Empress Drive, Stockport, Greater Manchester SK4 2RW3
£217K04/210.45 mi9, Empress Drive, Stockport, Greater Manchester SK4 2RW3
£253.5K09/210.45 mi7, Empress Drive, Stockport, Greater Manchester SK4 2RW3
£270K11/200.46 mi6, Horace Grove, Stockport, Greater Manchester SK4 1PP3
£250K12/200.46 mi14, Bournville Avenue, Stockport, Greater Manchester SK4 1PR3
£310K03/230.46 mi44, Norris Hill Drive, Stockport, Greater Manchester SK4 2NR3
£247K02/230.46 mi3, Bournville Avenue, Stockport, Greater Manchester SK4 1PR3
£315K06/210.46 mi45, Norris Hill Drive, Stockport, Greater Manchester SK4 2NR3
£340K03/230.47 mi23, Gower Road, Heaton Chapel, Stockport, Greater Manchester SK4 2QY3
£280K03/210.47 mi11, The Square, Stockport, Greater Manchester SK4 2NW3
£344.6K12/220.48 mi66, Bankfield Avenue, Stockport, Greater Manchester SK4 2JH3
£333K03/230.48 mi2, Bankfield Avenue, Stockport, Greater Manchester SK4 2JH3
£289K03/210.48 mi17, Bankfield Avenue, Stockport, Greater Manchester SK4 2JH3

Local Rents

41 rents from £950/mo to £2.2K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,40009/240.28 miLower moat close SK43
£1,50008/240.32 miNursery Road, Heaton Norris, Stockport3
£1,50008/240.39 miGreen Bank Terrace, Stockport, Greater Manchester, SK43
£1,30008/240.42 mi-3
£1,10008/240.52 mi-3
£1,10008/240.52 miPearson Street, Stockport, SK53
£1,15008/240.69 miMelton Street, Stockport, Greater Manchester, SK53
£1,50009/240.71 miWhirley Close, Heaton Chapel, Stockport3
£1,25008/240.72 miMeadow Mill, Water Street, Stockport3
£1,35009/240.74 miHeaton Moor Road, Heaton Moor, Stockport, SK43
£1,25002/240.76 mi-3
£1,98008/240.76 mi-3
£1,29510/240.8 mi-3
£1,15009/240.8 miHeaton Moor Road, Heaton Moor, Stockport, SK43
£2,00008/240.81 miEgerton Road North, Heaton Moor, Stockport3
£1,40008/240.82 miShaw House, Shaw Road, Heaton Moor3
£1,64508/240.84 miDidsbury Road, Heaton Mersey, Stockport, SK43
£2,20004/250.87 mi-3
£1,30008/240.94 miStopford Street, Edgeley3
£1,50008/240.96 mi-3
£1,25008/240.98 miChatham Street, Edgeley, Stockport, SK33
£1,00012/240.99 mi1 York Street, Stockport3
£1,37509/240.99 mi4Weston Grove, Stockport, Greater Manchester, SK43
£1,30008/241.01 miAvondale Road, Stockport, SK33
£1,30008/241.01 mi-3
£1,25003/251.04 mi-3
£95008/241.05 miBrinnington Road,Stockport,SK13
£1,40008/241.08 mi-3
£1,40008/241.08 miHarrow Drive, Stockport, SK43
£1,35003/251.1 mi-3
£1,69508/241.11 miLeeside, Heaton Mersey, Stockport3
£1,10008/241.12 miJennings Street, Stockport, SK3 9BX3
£1,20008/241.14 miVernon Avenue; Stockport; SK13
£99512/241.15 miGlebe Street, Offerton3
£1,10012/241.16 mi-3
£1,15002/241.18 mi-3
£1,35008/241.18 miTurncroft Lane, Offerton3
£1,35008/241.18 miTurncroft Lane, Offerton, SK13
£1,30008/241.2 miRange Road, Stockport, Greater Manchester, SK33
£1,17508/241.2 mi-3
£1,15012/241.24 mi-3

Local Area Statistics

Population in SK4

34,510

Population in Stockport

181,140

Town centre distance

2.52 miles away

Nearest school

0.20 miles away

Nearest train station

0.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-9%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £250,000

September 6, 2024

Floor Plans

Description

  • Large Outhouse To Rear +
  • Three Excellent Bedrooms +
  • Scope For Development +
  • Range Of Cellar Rooms +
  • Off Road parking To Rear +
  • Freehold +
  • In Need Of Updating +
  • No Chain Involved +

A deceptive three bedroom mid terrace property affording a good size plot with a large attached outhouse to the rear offering potential for development, subject to the usual permissions. The property itself is in need of some updating but all the ingredients are there for a purchaser to carry out improvements to their own taste and requirements. There is a layby to the front offering off road parking and to the rear there is space to park the car away from the main road and also the outhouse which also has an inspection pit. The accommodation is gas centrally heated and ground floor rooms include a hall, a lounge, a separate sitting/dining room and an L-shaped kitchen diner. Stairs off the hall lead to the first floor where the three excellent size bedrooms and spacious bathroom will be found. In addition there is a full range of cellar rooms. The outbuilding measures over 500 square feet and consists of a large main room and three additional rooms currently used for storage. The property is convenient for local amenities catering for most of the everyday wants and needs together with public transport services (including trains) operating into both Manchester and Stockport centres. Freehold. Council tax band C. No chain involved!

Agent Details

John Mellor Independent Estate Agents, Heaton Moor

0161 524 4074

Next Steps?

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