5 Bed Detached House, Refurb/BRRR, Stockport, SK7 4EA, £500,000

40 Green Lane, Stockport, Greater Manchester, SK7 4EA - 4 views - 7 months ago

Sold STC
Refurb/BRRR
~178 m²
+4 photos

ValuationUndervalued

Sold Prices£276.5K - £1.9M
Sold Prices/m²£2.2K/m² - £17.1K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2.8K/m²

Value Estimate

£515,000
BMV3%

 

 

End Value (After Refurb)

£476,779

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£75,147

Bridging Loan Interest

£13,125

Total Cash In

£243,722

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£476,779

Mortgage (After Refinance)

£357,584

Mortgage LTV

75%

Cash Left In

£243,722

Equity

£119,195

Rent Range

£975 - £1,750

Rent Estimate

£1,331

Running Costs/mo

£1,776

Cashflow/mo

£-445

Cashflow/yr

£-5,342

Gross Yield

3%

Local Sold Prices

50 sold prices from £276.5K to £1.9M, average is £527.5K. £2.2K/m² to £17.1K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£276.5K12/200.51 mi14, Dunster Close, Hazel Grove, Stockport, Greater Manchester SK7 5PX5
£390K02/210.64 mi59, Lyndhurst Avenue, Hazel Grove, Stockport, Greater Manchester SK7 5LT5
£680K12/220.67 mi8, Chiltern Close, Hazel Grove, Stockport, Greater Manchester SK7 5BQ5
£495K12/200.68 mi14, Flowery Field, Stockport, Greater Manchester SK2 7ED5
£580K04/230.69 mi32, Kinross Avenue, Stockport, Greater Manchester SK2 7EL5
£620K02/230.7 mi11, Mostyn Road, Hazel Grove, Stockport, Greater Manchester SK7 5HL5
£660K03/210.78 mi16, Cotswold Avenue, Hazel Grove, Stockport, Greater Manchester SK7 5HJ5
£885K01/210.85 mi251, Bramhall Moor Lane, Hazel Grove, Stockport, Greater Manchester SK7 5JL5
£355K12/200.88 mi46, Bowerfield Avenue, Hazel Grove, Stockport, Greater Manchester SK7 6JA5
£468K01/210.91 mi88, Grange Road, Bramhall, Stockport, Greater Manchester SK7 3QB5
£595K02/210.94 mi40, Egerton Road, Stockport, Greater Manchester SK3 8TQ5
£1.1M07/220.94 mi36, The Crescent, Stockport, Greater Manchester SK3 8SN5
£378.5K05/210.96 mi20, Nightingale Close, Stockport, Greater Manchester SK2 5BY5
£677.5K07/231.02 mi20, Clifton Park Road, Stockport, Greater Manchester SK2 6LA5
£400K04/211.04 mi81, Peregrine Road, Stockport, Greater Manchester SK2 5UP5
£520K04/211.07 mi27, Davenport Park Road, Stockport, Greater Manchester SK2 6JU5
£1.1M01/231.08 mi200, Bramhall Lane, Davenport, Stockport, Greater Manchester SK3 8TX5
£355K08/211.11 mi9, The Crescent, Stockport, Greater Manchester SK3 8SQ5
£415K11/211.14 mi16, Kennerley Road, Stockport, Greater Manchester SK2 6EY5
£495K09/211.18 mi32, Hillcrest Road, Stockport, Greater Manchester SK2 5QL5
£1.2M09/211.19 mi20c, Broadway, Bramhall, Stockport, Greater Manchester SK7 3BT5
£535K03/211.19 mi1, The Orchards, Stockport, Greater Manchester SK3 8UH5
£455K04/211.23 mi2, Cherry Close, Stockport, Greater Manchester SK2 5EB5
£450K02/211.25 mi22, Brambling Close, Stockport, Greater Manchester SK2 5UE5
£341K03/211.25 mi36, Midland Road, Bramhall, Stockport, Greater Manchester SK7 3DR5
£480K07/221.26 mi16, Thaxted Drive, Stockport, Greater Manchester SK2 5XH5
£475K05/231.26 mi27, Owens Farm Drive, Stockport, Greater Manchester SK2 5EA5
£370K08/211.3 mi3, Wenlock Close, Stockport, Greater Manchester SK2 5XP5
£420K08/211.36 mi30, Torbay Drive, Stockport, Greater Manchester SK2 6AB5
£930K06/231.36 mi9, Lodge Farm Close, Bramhall, Stockport, Greater Manchester SK7 3BZ5
£880K06/211.36 mi2, Lodge Farm Close, Bramhall, Stockport, Greater Manchester SK7 3BZ5
£505K01/211.37 mi50, Valley Road, Bramhall, Stockport, Greater Manchester SK7 2NL5
£605K10/201.43 mi2, Foxhill Chase, Stockport, Greater Manchester SK2 5HJ5
£295K06/211.43 mi82, Midland Road, Bramhall, Stockport, Greater Manchester SK7 3DT5
£421K03/211.53 mi81, Woodlands Drive, Stockport, Greater Manchester SK2 5AP5
£995K03/211.58 mi189, Bramhall Lane South, Bramhall, Stockport, Greater Manchester SK7 2NG5
£347K05/231.59 mi7, Offerton Lane, Stockport, Greater Manchester SK2 5AA5
£805K02/211.6 mi25, Carrwood Road, Bramhall, Stockport, Greater Manchester SK7 3EL5
£1.7M01/231.61 mi7, Pownall Avenue, Bramhall, Stockport, Greater Manchester SK7 2HE5
£777.5K01/211.62 mi7, St Michaels Avenue, Bramhall, Stockport, Greater Manchester SK7 2PT5
£1.9M11/201.63 mi29, Pownall Avenue, Bramhall, Stockport, Greater Manchester SK7 2HE5
£1.1M09/211.66 mi35, Bramhall Park Road, Bramhall, Stockport, Greater Manchester SK7 3JN5
£423.9K06/231.71 mi13, Lowfield Road, Stockport, Greater Manchester SK2 6RW5
£1.8M06/231.73 miRegency House, Towers Road, Poynton, Stockport, Cheshire East SK12 1DD5
£450K04/231.74 mi6, Crosby Street, Stockport, Greater Manchester SK2 6SH5
£348K06/221.76 mi39, Abbeyfield Close, Stockport, Greater Manchester SK3 8EH5
£982.5K09/211.78 mi21, Carrwood Avenue, Bramhall, Stockport, Greater Manchester SK7 2PY5
£905K08/231.85 mi5, Broomhill Drive, Bramhall, Stockport, Greater Manchester SK7 3NJ5
£985K03/211.87 mi58, St Michaels Avenue, Bramhall, Stockport, Greater Manchester SK7 2PG5
£860K06/211.89 mi6, Towers Close, Poynton, Stockport, Cheshire SK12 1DH5

Local Rents

40 rents from £975/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25005/240.05 mi-3
£1,35002/240.1 mi-3
£1,40012/240.12 mi-3
£1,40012/240.24 miHope Street, Hazel Grove4
£1,29503/250.25 mi-4
£1,25012/230.27 mi-3
£1,45008/240.29 miSpring Gardens SK73
£1,30004/250.31 mi-3
£1,40007/230.32 mi-3
£1,40007/240.32 mi-3
£1,20009/240.34 miHenbury Street, Stockport, Cheshire, SK23
£1,40008/240.34 miReevey Avenue, Hazel Grove3
£1,65012/240.36 miGrove Street SK73
£1,40004/240.37 mi-3
£1,75012/240.39 miHawthorn Avenue, Hazel Grove SK73
£1,25006/230.4 mi-3
£1,10004/240.4 mi-3
£1,70008/240.41 miHawthorn Avenue, Hazel Grove, Stockport, Greater Manchester, SK74
£1,40006/240.41 mi-3
£1,09502/240.43 mi-3
£1,19510/240.43 mi-3
£1,20002/240.43 mi-3
£1,40008/240.43 mi-3
£1,75012/240.44 miNorbury Grove, Hazel Grove, Stockport, SK74
£1,25008/240.44 miCommercial Road, Hazel Grove, Stockport, SK73
£1,20009/240.48 miBoothby Street, Stockport, SK23
£1,10010/240.48 mi-3
£1,50012/240.49 mi38 Corfe Crescent, Hazel Grove, Stockport3
£1,35010/240.49 mi-3
£1,35004/250.49 mi-3
£1,25003/250.53 mi-3
£1,20008/240.54 mi-3
£1,65004/250.54 mi-3
£1,30009/240.56 miClaremont Road, Great Moor, Stockport, Cheshire, SK23
£1,10005/230.56 mi-3
£1,27506/240.56 mi-3
£1,30006/240.57 mi-3
£1,30008/240.58 miKings Road, Hazel Grove, Stockport, SK73
£1,35008/240.58 miMaxwell Avenue, Stockport, Cheshire, SK23
£97511/230.59 mi-3

Local Area Statistics

Population in SK7

40,669

Population in Stockport

181,140

Town centre distance

0.58 miles away

Nearest school

0.40 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Listed for £500,000

September 27, 2024

Sold for £122,000

1998

Floor Plans

Description

  • Mature five bedroom detached property +
  • In need of updating +
  • Extensive driveway providing off road parking +
  • Lawned garden to rear elevation +
  • Two bathrooms +
  • Two generous reception rooms +
  • Book a viewing 24/7 on the Yopa Hub +

GREAT OPPORTUNITY TO ACQUIRE A  FIVE BEDROOM DETACHED PROPERTY THAT IS IN NEED OF UPDATING .. extensive driveway providing ample off road parking and lawned garden to rear elevation. Attached garage and storage .. Lounge and dining room with large wooden mantle fireplaces, wood panelling to hallway landing, kitchen with double opening doors leading to rear garden, utility/storage room. Attached garage leading to storage area.  To the first floor: Master bedroom, bedroom two, bedroom three and four. Two bathrooms. Bedroom five/study with open staircase leading to Mezzanine. 

**Description **

Porch   Windows to front elevation, Double opening glazed doors to front elevation, tiled floor, light point.  **Hallway **   Door to front elevation, stairs to first floor, wood panelling to walls, picture rail, undetstairs storage cupboard, modesty leaded effect window to front elevation.  **Dining room **   Leaded effect bay window to front elevation with stained leaded effect top loghts, central heating radiator, T.V.point, Wooden mantle fireplace, picture rail.  Lounge    Leaded effect bay window to rear elevation, door to rear elevation, wooden mantle fireplace with tiles inset and hearth housing coal effect gas fire, two central heating radiators, wooden corniced ceiling, beam effect ceiling.  **Kitchen **   Double glazed double opening doors leading to rear garden, double glazed window to rear elevation, comprehensive range of base and wall unit with wooden work top over housing one and a half bowl  stainless steel sink unit with single side drainer, mixer tap, breakfast bar, built in oven and five ring hob, inset ceiling lights, space for fridge/freezer, exposed floor boards. Rear porch   Door to garage, door to Utility/storage and storage room.  Utility   Space for washing machine and dryer, high level W.C. 

**To the first floor: ** Landing    Open balustrade with wooden staircase, loft access (ladder and part boarded) **Master bedroom **   Leaded effect window to rear elevation, picture rail, central heating radiator.  **Bedroom two **   Leaded effect bay window to front elevation, central heating radiator, T.V. point, picture rail. Bedroom three   Window to rear elevation, picture rail, central heating radiator, built in wardrobe housing hanging rail and storage.  **Bedroom four **   Window to front elevation, picture rail, central heating radiator.  Bedroom five/study   Window to rear elevation, central heating radiator, stairs to mezzanine. 

**To second floor: ** Mezzanine    Velux window, laminate flooring.

Outside    Extensive pressed concrete driveway providing off road parking, part dwarf wall to front elevation. Lawned garden to rear elevation, flower/shrub borders, paved patio area. 

**SERVICES **  Mains water, gas, electricity and drainage.  **TENURE **   Freehold  Awaiting EPC 

Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, North West & Midlands

01525 659945

Next Steps?

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