3 Bed Terraced House, Refurb/BRRR, Stockport, SK4 5LX, £395,000

10 Nelstrop Road, Heaton Chapel, Stockport SK4 5LX - 1 views - 6 months ago

Sold STC
Leasehold
Refurb/BRRR
~160 m²
+10 photos

ValuationFair Value

Sold Prices£95K - £603K
Sold Prices/m²£941/m² - £5.6K/m²

 

 

Square Metres

~160.20 m²
Price/m²£2.5K/m²

Value Estimate

£402,900

 

 

End Value (After Refurb)

£559,892

Uplift in Value

+42%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£98,750

Stamp Duty & Legal Fees

£28,200

Refurb Costs

£67,680

Bridging Loan Interest

£10,369

Total Cash In

£206,749

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£559,892

Agent Fees (1%)

£5,599

Bridging Loan

£296,250

Bridging Loan Interest

£10,369

Flip Profit

£51,294

Local Sold Prices

50 sold prices from £95K to £603K, average is £324K. £941/m² to £5.6K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£315K02/210.01 mi26, Nelstrop Road, Stockport, Greater Manchester SK4 5LX3
£227K01/210.01 mi28, Nelstrop Road, Heaton Chapel, Stockport, Greater Manchester SK4 5LX3
£287.5K02/230.03 mi9, Appleton Road, Stockport, Greater Manchester SK4 5NA3
£280K03/230.09 mi10, Farm Close, Stockport, Greater Manchester SK4 5LU3
£340K05/230.1 mi24, Rudyard Grove, Stockport, Greater Manchester SK4 5ND3
£360K07/210.14 mi29, Hulme Road, Stockport, Greater Manchester SK4 5HL3
£375K06/210.15 mi190, Broadstone Road, Stockport, Greater Manchester SK4 5HW3
£372K03/230.16 mi5, Rudyard Grove, Stockport, Greater Manchester SK4 5ND3
£390K02/210.17 mi476, Manchester Road, Stockport, Greater Manchester SK4 5DL3
£330K12/210.18 mi8, Brook Avenue, Stockport, Greater Manchester SK4 5HG3
£385K06/210.18 mi9, Huncoat Avenue, Stockport, Greater Manchester SK4 5HN3
£310K10/200.18 mi13, Cambridge Road, Stockport, Greater Manchester SK4 4QN3
£345K07/230.19 mi441, Manchester Road, Stockport, Greater Manchester SK4 5DJ3
£340K05/230.19 mi18, Christleton Avenue, Stockport, Greater Manchester SK4 5EQ3
£372.5K04/230.19 mi8, Christleton Avenue, Stockport, Greater Manchester SK4 5EQ3
£265K08/210.21 mi32, Carnforth Road, Stockport, Greater Manchester SK4 5LE3
£310K05/210.21 mi34, Carnforth Road, Stockport, Greater Manchester SK4 5LE3
£450K11/210.21 mi52, Langdale Road, Stockport, Greater Manchester SK4 5AR3
£375K02/230.22 mi8, Ashford Road, Stockport, Greater Manchester SK4 5JX3
£330K12/200.23 mi19, Hartford Avenue, Stockport, Greater Manchester SK4 5JY3
£290K04/210.23 mi21, Hartford Avenue, Stockport, Greater Manchester SK4 5JY3
£450K04/230.23 mi1, Langdale Road, Stockport, Greater Manchester SK4 5AP3
£515K07/230.23 mi47, Langdale Road, Stockport, Greater Manchester SK4 5AP3
£370K06/210.23 mi41, Langdale Road, Stockport, Greater Manchester SK4 5AP3
£375K08/210.24 mi340, Manchester Road, Stockport, Greater Manchester SK4 5BX3
£210K01/210.24 mi27, Wilsthorpe Close, Manchester, Greater Manchester M19 2WD3
£330K08/210.25 mi38, Halesden Road, Stockport, Greater Manchester SK4 5EH3
£603K05/230.26 mi24, Brook Road, Stockport, Greater Manchester SK4 5BZ3
£270K01/210.26 mi140, Broadstone Road, Stockport, Greater Manchester SK4 5HR3
£365K01/210.27 mi13, Ellesmere Road North, Stockport, Greater Manchester SK4 4QQ3
£205K03/210.27 mi21, Whirley Close, Stockport, Greater Manchester SK4 5DR3
£230K06/210.27 mi25, Whirley Close, Stockport, Greater Manchester SK4 5DR3
£305K12/200.27 mi37, Keswick Road, Stockport, Greater Manchester SK4 5JU3
£326.8K06/210.27 mi5, Southgate, Stockport, Greater Manchester SK4 4QL3
£345K04/210.27 mi24, Brookfold Road, Stockport, Greater Manchester SK4 5EL3
£206K05/230.28 mi5, Alden Walk, Stockport, Greater Manchester SK4 5NW3
£278.5K03/210.28 mi207, Broadstone Road, Stockport, Greater Manchester SK4 5HP3
£315K05/210.29 mi34, Roxton Road, Stockport, Greater Manchester SK4 5AY3
£150K10/200.29 mi2, Musden Walk, Stockport, Greater Manchester SK4 5NP3
£240K06/210.29 mi8, Red Rose Crescent, Manchester, Greater Manchester M19 2WT3
£95K12/200.29 mi19, Red Rose Crescent, Manchester, Greater Manchester M19 2WT3
£173K11/200.3 mi66, Marbury Road, Stockport, Greater Manchester SK4 5NG3
£454.5K12/220.31 mi16, Roxton Road, Stockport, Greater Manchester SK4 5AY3
£340K08/230.31 mi84, Bollington Road, Stockport, Greater Manchester SK4 5ES3
£325K01/210.31 mi82, Bollington Road, Stockport, Greater Manchester SK4 5ES3
£310K03/210.31 mi52, Briarfield Road, Stockport, Greater Manchester SK4 5HZ3
£322.9K05/210.31 mi38, Egerton Road North, Stockport, Greater Manchester SK4 4QT3
£310K06/210.32 mi19, Keswick Road, Stockport, Greater Manchester SK4 5JS3
£305K08/210.32 mi104, Bollington Road, Stockport, Greater Manchester SK4 5ES3
£300K03/210.33 mi61, Downham Road, Stockport, Greater Manchester SK4 5EW3

Local Rents

14 rents from £975/mo to £2.2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,37509/240.09 mi4Weston Grove, Stockport, Greater Manchester, SK43
£2,20004/250.18 mi-3
£1,25008/240.26 miBlackbrook Road, Heaton Chapel, Stockport, SK43
£1,50009/240.29 miWhirley Close, Heaton Chapel, Stockport3
£2,00008/240.3 miEgerton Road North, Heaton Moor, Stockport3
£1,40008/240.42 mi-3
£1,40008/240.42 miHarrow Drive, Stockport, SK43
£1,25009/240.44 miHolcombe Walk, Stockport, SK43
£1,65012/240.47 mi-3
£97509/240.48 miWestminster Avenue, Stockport3
£1,20009/240.54 miHurst Street, Reddish, Stockport, SK53
£1,30005/240.55 miMilford Drive, M19 2RY3
£1,45008/240.57 miVictoria Mill, Houldsworth Street, Reddish, Greater Manchester, SK53
£1,45009/240.57 miVictoria Mill, Houldsworth Street, Reddish, Greater Manchester, SK53

Local Area Statistics

Population in SK4

34,510

Population in Stockport

181,140

Town centre distance

3.40 miles away

Nearest school

0.20 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-9%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £395,000

September 30, 2024

Floor Plans

Description

  • NO VENDOR CHAIN +
  • THREE BEDROOMS +
  • FULL CELLARS +
  • GOOD SIZE REAR GARDEN +
  • GAS CENTRAL HEATING +
  • DOUBLE GLAZING +
  • PERIOD TERRACE +
  • 0.5 MILE TO TRAIN STATION +

NO VENDOR CHAIN - We are pleased to offer for sale this substantial THREE BEDROOM bay fronted period property, offering spacious living accommodation throughout and benefitting from an enclosed REAR GARDEN and FULL CELLARS. The property is in need of some updating but all the ingredients are there to place your own stamp on this lovely home. Located close to the centre of Heaton Chapel within walking distance of a range of fashionable bars, shops and restaurants plus for the commuter within easy reach of public transport links with Heaton Chapel station with its fast train links into Manchester city centre just 0.5 of a mile away. The property has  gas central heating and in brief comprises, entrance hall with a door off to a downstairs w.c and stairs rising to the first floor, generous lounge with bay window to the front, separate dining room and a kitchen complete the downstairs accommodation. To the first floor is a bathroom and separate w.c. plus three bedrooms. The cellars comprise a hallway plus three chambers providing useful storage areas with a door and steps up to the rear garden. To the front is a walled garden and pathway, whist the rear includes a delightful garden laid to lawn with shrubs and bushes. The property is Leasehold with a 950 Year lease (880 years remaining) and £5 per annum ground rent payable. Council Tax Band C . THE PROPERTY IS NO LONGER FURNISHED AS SHOWN IN THE PHOTOGRAPHS.

Agent Details

John Mellor Independent Estate Agents, Heaton Moor

0161 524 4074

Next Steps?

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