2 Bed Terraced House, Refurb/BRRR, Stockport, SK7 4AH, £225,000

8 London Road, Stockport, Greater Manchester, SK7 4AH - 4 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 2%
71 m²
+2 photos

ValuationOvervalued

Sold Prices£100K - £288K
Sold Prices/m²£1.4K/m² - £4.2K/m²

 

 

Square Metres

71 m²
Price/m²£3.2K/m²

Value Estimate

£165,667

 

 

End Value (After Refurb)

£212,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£29,927

Bridging Loan Interest

£5,906

Total Cash In

£101,783

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£212,250

Mortgage (After Refinance)

£159,188

Mortgage LTV

75%

Cash Left In

£101,783

Equity

£53,063

Rent Range

£845 - £1,400

Rent Estimate

£1,033

Running Costs/mo

£890

Cashflow/mo

£143

Cashflow/yr

£1,717

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £100K to £288K, average is £186.6K. £1.4K/m² to £4.2K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£186K09/230.03 mi13, Bramhall Moor Lane, Hazel Grove, Stockport, Greater Manchester SK7 4AJ2
£187.2K12/200.04 mi13, Rosebery Street, Stockport, Greater Manchester SK2 7JA2
£265K02/230.04 mi19, Rosebery Street, Stockport, Greater Manchester SK2 7JA2
£210K08/230.11 mi14, Mount Pleasant, Hazel Grove, Stockport, Greater Manchester SK7 4DS2
£116K12/200.15 mi3, Charles Street, Hazel Grove, Stockport, Greater Manchester SK7 4DY2
£195.1K04/230.17 mi35, Grenville Road, Hazel Grove, Stockport, Greater Manchester SK7 5AF2
£213K08/230.17 mi9, Grenville Road, Hazel Grove, Stockport, Greater Manchester SK7 5AF2
£197K04/210.17 mi21, Green Lane, Hazel Grove, Stockport, Greater Manchester SK7 4DZ2
£241.1K09/210.18 mi27, Aber Avenue, Stockport, Greater Manchester SK2 7JF2
£187.5K04/210.18 mi5, Yeoman Close, Hazel Grove, Stockport, Greater Manchester SK7 4AY2
£180.6K02/230.2 mi4, Stanley Avenue, Hazel Grove, Stockport, Greater Manchester SK7 4ED2
£165K03/210.2 mi4, Stanley Avenue, Hazel Grove, Stockport, Greater Manchester SK7 4ED2
£197K01/210.28 mi13, Ash Street, Hazel Grove, Stockport, Greater Manchester SK7 4EQ2
£220K02/230.28 mi36, Commercial Road, Hazel Grove, Stockport, Greater Manchester SK7 4AA2
£288K05/230.29 mi34, Boothby Street, Great Moor, Stockport, Greater Manchester SK2 7HD2
£170K02/210.3 mi13, Spring Gardens, Hazel Grove, Stockport, Greater Manchester SK7 4AE2
£160K11/200.31 mi8, Cooke Street, Hazel Grove, Stockport, Greater Manchester SK7 4EG2
£164.5K01/210.31 mi6, Cooke Street, Hazel Grove, Stockport, Greater Manchester SK7 4EG2
£175K12/200.33 mi47, Napier Street, Hazel Grove, Stockport, Greater Manchester SK7 4EH2
£178K05/210.33 mi22, Islington Road, Stockport, Greater Manchester SK2 7JH2
£177.5K01/210.33 mi50, Islington Road, Stockport, Greater Manchester SK2 7JH2
£172.5K04/210.33 mi5, Islington Road, Stockport, Greater Manchester SK2 7JH2
£150K09/210.34 mi393, Buxton Road, Stockport, Greater Manchester SK2 7EY2
£197K10/210.34 mi16, Grove Street, Hazel Grove, Stockport, Greater Manchester SK7 4JW2
£165K11/220.34 mi362, Buxton Road, Stockport, Greater Manchester SK2 7BY2
£217K04/230.35 mi64, Claremont Road, Stockport, Greater Manchester SK2 7JT2
£190K12/200.35 mi66, Claremont Road, Stockport, Greater Manchester SK2 7JT2
£219K10/210.36 mi47, Hazel Street, Hazel Grove, Stockport, Greater Manchester SK7 4JR2
£190K12/210.36 mi31, Hazel Street, Hazel Grove, Stockport, Greater Manchester SK7 4JR2
£165K05/210.36 mi28, Hazel Street, Hazel Grove, Stockport, Greater Manchester SK7 4JR2
£195K11/200.36 mi53, Hazel Street, Hazel Grove, Stockport, Greater Manchester SK7 4JR2
£210K07/230.36 mi10, Hazel Street, Hazel Grove, Stockport, Greater Manchester SK7 4JR2
£195K02/230.36 mi34, Grove Street, Hazel Grove, Stockport, Greater Manchester SK7 4JW2
£184K05/230.36 mi10, Grove Street, Hazel Grove, Stockport, Greater Manchester SK7 4JW2
£210K10/210.37 mi9, Co Operative Street, Hazel Grove, Stockport, Greater Manchester SK7 4JN2
£265K07/230.37 mi7, Co Operative Street, Hazel Grove, Stockport, Greater Manchester SK7 4JN2
£184K04/210.37 mi36, Hope Street, Hazel Grove, Stockport, Greater Manchester SK7 4EL2
£184K04/210.37 mi36, Hope Street, Hazel Grove, Stockport, Greater Manchester SK7 4EL2
£167K03/210.37 mi38, Hope Street, Hazel Grove, Stockport, Greater Manchester SK7 4EL2
£130K12/200.38 mi15, Store Street, Stockport, Greater Manchester SK2 7HA2
£191K01/210.39 mi7, St Saviours Road, Great Moor, Stockport, Greater Manchester SK2 7QE2
£202.8K12/220.4 mi28, Lever Street, Hazel Grove, Stockport, Greater Manchester SK7 4EN2
£167.5K02/210.4 mi8, Lever Street, Hazel Grove, Stockport, Greater Manchester SK7 4EN2
£140.5K03/210.4 mi12, Lever Street, Hazel Grove, Stockport, Greater Manchester SK7 4EN2
£100K05/210.4 mi88, Norcross Close, Stockport, Greater Manchester SK2 5NH2
£175K10/210.41 mi41a, Cherry Tree Lane, Stockport, Greater Manchester SK2 7PW2
£182.5K05/230.41 mi55, Chapel Street, Hazel Grove, Stockport, Greater Manchester SK7 4JH2
£205K08/210.41 mi3, Cherry Tree Lane, Stockport, Greater Manchester SK2 7PW2
£212K04/230.41 mi39, Cherry Tree Lane, Great Moor, Stockport, Greater Manchester SK2 7PW2
£182K04/210.42 mi25, Chapel Street, Hazel Grove, Stockport, Greater Manchester SK7 4HW2

Local Rents

50 rents from £845/mo to £1.4K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£95008/230.07 mi-2
£1,12512/240.1 miPeter Street, Hazel Grove, Stockport, Greater Manchester, SK72
£85008/240.12 miNewbourne Close, Hazel Grove, Stockport, Cheshire, SK7 5AE2
£1,05012/240.15 miGrosvenor Street, Stockport, Greater Manchester, SK72
£1,40012/240.16 mi-2
£1,05006/230.17 mi-2
£1,09507/240.17 mi-2
£89504/230.17 mi-2
£1,15002/250.18 mi-2
£1,15002/250.18 mi-2
£1,15008/240.2 miStanely Avenue, Hazel Grove2
£95001/240.21 mi-2
£95008/240.21 miGordon avenue SK72
£90008/240.21 mi-2
£90012/240.26 miLondon Road, Hazel Grove, Stockport, SK72
£1,05001/250.29 mi-2
£85008/230.31 mi-2
£1,20003/240.32 mi-2
£1,40008/240.32 miIslington Road, Stockport, SK22
£1,15008/240.33 miHazel St, Stockport, SK72
£1,15003/240.33 mi-2
£1,10006/230.34 mi-2
£1,20007/240.34 mi-2
£1,10012/240.34 miHazel Street, Hazel Grove, Stockport, SK7 4JR2
£1,10008/240.37 miWinbolt Street; Stockport; SK22
£1,35012/240.38 mi-2
£1,10004/250.39 mi-2
£1,20002/250.39 mi-2
£99508/240.39 miSt. Saviours Road, Stockport, Greater Manchester, SK22
£95008/240.39 miStore Street, Stockport2
£92512/230.43 mi-2
£87509/240.43 miBuxton Road, Stockport, SK22
£87511/240.43 mi-2
£87511/240.43 mi-2
£87512/240.43 mi-2
£84512/240.43 mi-2
£1,10008/240.46 miMeadow Street, Stockport, Greater Manchester, SK22
£95012/240.47 miHatherlow Lane, Hazel Grove2
£95012/240.48 miFlat 7 Dale House 204, London Road, Stockport, SK72
£95004/250.49 mi-2
£95011/240.49 mi-2
£1,10012/240.54 miGrundey Street, Hazel Grove, Stockport, Greater Manchester, SK72
£1,10009/240.56 miAlldis Street, Great Moor2
£1,12510/240.56 mi-2
£97508/240.57 miWestwood Road, Stockport2
£1,04509/240.57 miWestwood Road, Woodsmoor2
£99509/240.58 miAlldis Street, Great Moor, Stockport, Cheshire, SK22
£1,00006/240.58 mi-2
£90008/240.6 miLake Street, Great Moor, Stockport, SK2 7NU2
£97508/240.6 miPineapple Street, Hazel Grove, Stockport, Cheshire, SK72

Local Area Statistics

Population in SK7

40,669

Population in Stockport

181,140

Town centre distance

0.36 miles away

Nearest school

0.40 miles away

Nearest train station

0.54 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Listed for £225,000

September 9, 2024

Sold for £137,000

2020

Sold for £87,500

2003

Sold for £57,000

2002

Sold for £26,000

1995

Floor Plans

Description

  • STUNNING TWO BEDROOM TERRACE +
  • SIZABLE PLOT +
  • PERFECT FOR FIRST TIME BUYERS OR FAMILIES ALIKE +
  • STUNNING OPEN PLAN LIVING ACCOMIDATION +
  • RECENTLY RENOVATED TO A HIGH STANDARD +
  • EXCEPTIONALLY PRESENTED THROUGHOUT +
  • BEAUITFUL THREE PEICE FAMILY BATHROOM +
  • PRIVATE REAR GARDEN +
  • STEPPING HILL HOSPTIAL MINUTES WALK AWAY +
  • SITUATED IN A GREAT LOCATION, CLOSE BY TO A WIDE RANGE OF LOCAL SHOPS +

An exceptional attractive two-bedroom terraced home offering the distinct advantage of having NO VENDOR CHAIN, recently renovated to a high standard and ideally located in this popular location in Hazel Grove close by to local shops, schools, transport links including Hazel Grove Train Station, 192 Bus Route and a minutes’ walk from Stepping Hill Hospital. This stunning property is ideal for first time buyers or families alike.

The property has been recently renovated over the past year and the downstairs living accommodation briefly comprises; full open plan living with ample space to furnish with living room attire as well as dining room possessions; To the rear of the accommodation sits the beautiful kitchen housing a range of contrast design eye and base level units with integral oven, sink and extractor fan. The well-appointed kitchen also allows additional space for white goods and has newly installed French doors leading out to the rear garden. To the first floor, the landing provides access to two well-proportioned double bedrooms equipped with wooden oak doors; to complete the first-floor accommodation is the stunning three-piece family bathroom which is tiled floor to ceiling and consists of bath with shower over, low level WC and handwash basin.

Positioned on the A6 road on the largest plot of the terraced properties with excellent transport links close by, The property boasts a brand new roof installation and full renovation. To the rear garden, is the spacious lawn area which includes a paved patio and is enclosed by fencing. The property has permit parking to the rear. An early viewing is essential to appreciate this beautiful property as this is an ideal opportunity for first time buyers and families alike.

*Virtual tour available on request - Please contact our office to obtain the link for this*

Tenure- Freehold EPC - C Council Tax- B

Property construction - Brick

Utilities: Water supply - Mains Electricity Supply - Mains Sewerage - Mains Heating - Gas central heating Parking - Street parking/ Permit parking

Estimate Broadband Speeds Overall - 1000Mbps Estimate Mobile Phone coverage - Good

Any other relevant building information we are aware of - None

Rights and restrictions we are aware of - None

Has the property flooded in the last 5 years - No

Agent Details

Lawler & Co, Hazel Grove

0161 524 8681

Next Steps?

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