3 Bed Flat, Single Let, Stockport, SK4 4NU, £265,000

Heaton Moor Road, Heaton Moor, Stockport, SK4 4NU - 1 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 2%
~83 m²
+11 photos

ValuationUndervalued

Sold Prices£80K - £650K
Sold Prices/m²£976/m² - £4.1K/m²

 

 

Square Metres

~82.80 m²
Price/m²£3.2K/m²

Value Estimate

£279,870
BMV6%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£15,200

Total Cash In

£81,450

 

 

Cash Out

 

Rent Range

£1,150 - £2,200

Rent Estimate

£1,231

Running Costs/mo

£1,094

Cashflow/mo

£137

Cashflow/yr

£1,640

ROI

2%

Gross Yield

6%

Local Sold Prices

26 sold prices from £80K to £650K, average is £284.5K. £976/m² to £4.1K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£277.5K02/231.22 mi4, Calverley Avenue, Manchester, Greater Manchester M19 2JR3
£80K11/221.74 mi34, Chesworth Close, Stockport, Greater Manchester SK1 3NT3
£443K02/211.89 mi18, Atwood Road, Manchester, Greater Manchester M20 6TD3
£250K06/211.95 mi1, Downfields, Stockport, Greater Manchester SK5 6XY3
£148K03/231.99 mi13, The Link, Stockport, Greater Manchester SK5 8JE3
£260K02/231.99 mi27, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ3
£273K08/221.99 mi48, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ3
£170K05/212 miFlat 1, Willow Court, Willow Bank, Manchester, Greater Manchester M14 6XP3
£205K05/212.16 miFlat 24, Viceroy Court, Wilmslow Road, Manchester, Greater Manchester M20 2RJ3
£260K03/212.16 miFlat 28, Viceroy Court, Wilmslow Road, Manchester, Greater Manchester M20 2RJ3
£265K03/232.16 miFlat 4, Viceroy Court, Wilmslow Road, Manchester, Greater Manchester M20 2RJ3
£290K04/232.16 miFlat 24, Viceroy Court, Wilmslow Road, Manchester, Greater Manchester M20 2RJ3
£295K12/232.16 miFlat 19, Viceroy Court, Wilmslow Road, Manchester, Greater Manchester M20 2RJ3
£352.5K06/232.2 mi36a, Crossway, Manchester, Greater Manchester M20 6TT3
£279K09/232.36 mi35, Croasdale Avenue, Manchester, Greater Manchester M14 6GU3
£250K01/232.37 mi3, Croasdale Avenue, Manchester, Greater Manchester M14 6GU3
£650K04/232.54 miFlat 2, Dene Manor, Dene Park, Manchester, Greater Manchester M20 2GF3
£360K12/202.7 mi5, Eveside Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 5RW3
£410K10/212.73 mi29, Robert Harrison Avenue, Manchester, Greater Manchester M20 1LW3
£352.5K04/212.74 miFlat 6, Ashfield Lodge, Palatine Road, Manchester, Greater Manchester M20 2UD3
£345K06/212.74 miFlat 14, Ashfield Lodge, Palatine Road, Manchester, Greater Manchester M20 2UD3
£399.5K11/202.74 miFlat 16, Ashfield Lodge, Palatine Road, Manchester, Greater Manchester M20 2UD3
£422.5K01/212.74 miFlat 27, Ashfield Lodge, Palatine Road, Manchester, Greater Manchester M20 2UD3
£365K09/212.76 mi135, Cavendish Road, Manchester, Greater Manchester M20 1LS3
£213K06/232.76 mi6, Queensland Road, Manchester, Greater Manchester M18 8BL3
£389.9K06/212.85 mi17, Elmsted Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 5PZ3

Local Rents

14 rents from £1.1K/mo to £2.2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,25002/240.18 mi-3
£1,98008/240.18 mi-3
£1,40008/240.18 miShaw House, Shaw Road, Heaton Moor3
£2,00008/240.21 miEgerton Road North, Heaton Moor, Stockport3
£1,35009/240.25 miHeaton Moor Road, Heaton Moor, Stockport, SK43
£2,20004/250.33 mi-3
£1,40008/240.36 mi-3
£1,40008/240.36 miHarrow Drive, Stockport, SK43
£1,50009/240.37 miWhirley Close, Heaton Chapel, Stockport3
£1,50008/240.41 mi-3
£1,37509/240.44 mi4Weston Grove, Stockport, Greater Manchester, SK43
£1,30008/240.5 mi-3
£1,15009/240.55 miHeaton Moor Road, Heaton Moor, Stockport, SK43
£1,29510/240.6 mi-3

Local Area Statistics

Population in SK4

34,510

Population in Stockport

181,140

Town centre distance

3.25 miles away

Nearest train station

0.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-9%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Price changed to £265,000

January 31, 2025

Listed for £275,000

October 2, 2024

Floor Plans

Description

Rare-to-the-market two/three bedroom basement duplex flat in the prestigious Heritage Gardens offered to the market chain-free and in a modern internal condition throughout that is sure to appeal to first-time buyers, downsizers and landlords alike. Similar properties in the building and next door have recently let for £1200 per calendar month. With pleasant views of the communal gardens to the rear and secure off-street parking for residents, the property demands an internal inspection to be fully appreciated.

Heritage Gardens is ideally-situated with deep frontage setting it back from Heaton Moor Road adding to the sense of serenity the development enjoys. The property is towards the top end of Heaton Moor Road replete with bars, retail outlets and restaurants. Transport links are also superb with regular bus routes on the road itself and Heaton Chapel Rail Station a mere 10-minute walk away.

Entering through the communal entrance, the flat itself is briefly comprised of: internal hallway, modern kitchen featuring contemporary fitted units, cupboards and a range of integrated appliances, a spacious living room benefiting from dual aspect windows including almost floor-to-ceiling windows to the rear overlooking the gardens, a reception room currently serving as a dining room/work-from-home space that could also be a bedroom, two more bedrooms downstairs both comfortably housing double beds and the principal bedroom boasting an en-suite and doors leading onto the communal yard. A family bathroom completes the floor with a three-piece suite.

Externally, there are pleasant and well-maintained gardens to both the front and rear. Off-street parking can be accessed via Brownsville Road and is gated to the front.

Agent Details

Julian Wadden, Heaton Moor

0161 524 6124

Next Steps?

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