2 Bed Flat, Single Let, Bredbury, SK6 4BG, £140,000

37 Underhill, Stockport, Greater Manchester, SK6 4BG - 5 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 6%
60 m²
+9 photos

ValuationUndervalued

Sold Prices£80K - £277.5K
Sold Prices/m²£1.3K/m² - £4.4K/m²

 

 

Square Metres

59.83 m²
Price/m²£2.3K/m²

Value Estimate

£165,151
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£775 - £1,500

Rent Estimate

£825

Running Costs/mo

£623

Cashflow/mo

£203

Cashflow/yr

£2,430

ROI

6%

Gross Yield

7%

Local Sold Prices

22 sold prices from £80K to £277.5K, average is £141.2K. £1.3K/m² to £4.4K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£101K05/230.24 miFlat 12, New Acre Court, Metcalfe Drive, Romiley, Stockport, Greater Manchester SK6 3BJ2
£117K04/230.24 miFlat 4, New Acre Court, Metcalfe Drive, Romiley, Stockport, Greater Manchester SK6 3BJ2
£125K03/210.27 mi31a, Oak Avenue, Romiley, Stockport, Greater Manchester SK6 4DN2
£255K11/200.33 mi4, Highcroft Road, Romiley, Stockport, Greater Manchester SK6 4PS2
£111.5K11/200.38 mi42, Sandy Lane, Romiley, Stockport, Greater Manchester SK6 4NH2
£139.9K10/210.38 mi52, Sandy Lane, Romiley, Stockport, Greater Manchester SK6 4NH2
£222.5K11/220.6 miFlat 4a, Harrytown Hall, Harrytown, Romiley, Stockport, Greater Manchester SK6 3BT2
£277.5K02/210.66 mi47, Cambridge Drive, Woodley, Stockport, Greater Manchester SK6 1HZ2
£142.5K10/220.76 mi43, Oldham Drive, Bredbury, Stockport, Greater Manchester SK6 1HD2
£100K12/200.83 mi4, Chamberlain Gardens, Bredbury, Stockport, Greater Manchester SK6 1BR2
£120K04/210.83 mi2, Chamberlain Gardens, Bredbury, Stockport, Greater Manchester SK6 1BR2
£120K02/210.83 mi7, Chamberlain Gardens, Bredbury, Stockport, Greater Manchester SK6 1BR2
£132K01/230.91 miFlat 20, Springbank Court, Manor Road, Woodley, Stockport, Greater Manchester SK6 1RW2
£80K04/210.97 mi67, Mill Lane, Woodley, Stockport, Greater Manchester SK6 1QJ2
£210K11/201.05 mi23, Birchall Green, Woodley, Stockport, Greater Manchester SK6 1RZ2
£233K05/211.44 mi11, Redbrow Hollow, Compstall, Stockport, Greater Manchester SK6 5GF2
£182K06/231.6 miApartment 9, Chelford House, Offerton Road, Stockport, Greater Manchester SK2 5GE2
£230K05/221.6 miApartment 12, Chelford House, Offerton Road, Stockport, Greater Manchester SK2 5GE2
£250K06/211.75 mi50, Poise Brook Road, Stockport, Greater Manchester SK2 5JF2
£167K01/231.91 miFlat 10a, King Edwards Court, King Edward Road, Hyde, Greater Manchester SK14 5JR2
£136K05/211.97 mi8, Moreton Lane, Stockport, Greater Manchester SK2 5SW2
£210K02/212 mi38, Kingfisher Road, Stockport, Greater Manchester SK2 5JR2

Local Rents

29 rents from £775/mo to £1.5K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£87508/240.07 miSunfield, Romiley, Stockport2
£1,39503/250.12 mi-2
£85003/250.37 mi-2
£1,00008/240.48 miBarrack Hill, Romiley2
£1,50008/240.5 miOakwood Hall, Romiley, Stockport2
£77512/240.54 miBerrycroft Lane, Bredbury, Stockport2
£1,10008/240.55 miWakefield Crescent, Romiley, Stockport, Cheshire, SK62
£1,05008/240.58 miGeorge Lane, Bredbury, Stockport2
£1,20008/240.62 miCoppice Close, Woodley, Stockport, Greater Manchester, SK62
£87512/240.62 miThe Ridgway, Bredbury Green, Romiley, Stockport, Cheshire2
£1,15008/240.74 mi-2
£1,20012/240.78 mi-2
£80012/240.83 miChamberlain Gardens, Stockport, SK6 1BR2
£96008/240.83 mi-2
£92512/240.85 miChadkirk Cottages, Vale Road Romiley, Stockport2
£80008/240.87 mi-2
£77508/240.87 mi-2
£77507/240.87 mi-2
£77504/250.87 mi-2
£90008/240.91 miManor Road, Stockport, Cheshire, SK62
£1,10012/240.97 miWeybourne Drive, Bredbury, Stockport, SK6 2DN2
£95001/250.97 mi-2
£1,15012/240.98 mi-2
£1,30011/241 mi-2
£1,10011/241 mi-2
£90008/241.02 miHermitage Avenue, Romiley, Stockport, Cheshire, SK62
£87508/241.04 miLauren Court, Bredbury, Stockport, SK62
£82508/241.04 miLauren Court, 38 Lower Bents Lane, Bredbury, Stockport, SK62
£1,00012/231.19 mi-2

Local Area Statistics

Population in SK6

50,689

Town centre distance

1.29 miles away

Nearest school

0.20 miles away

Nearest train station

0.02 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £140,000

October 3, 2024

Sold for £125,000

2022

Sold for £43,800

2012

Floor Plans

Description

  • ** NO CHAIN ** +
  • SECOND FLOOR FLAT +
  • TWO BEDROOMS +
  • RESIDENTS PARKING +
  • COMMUNAL GROUNDS +
  • LONG LEASE: 236 YEARS REMAINING +
  • IDEAL FIRST TIME BUY OR BUY TO LET INVESTMENT +
  • CLOSE TO STATION & SHOPS +

NO CHAIN - A well proportioned Two Bedroom apartment located close to Romiley Village and Railway Station. This second floor apartment has lots of storage, enjoys well tended communal gardens along with residents parking and is offered with no onward chain.

In brief the accommodation is laid out as follows: Communal entrance with security intercom, entrance hall with useful walk-in storage closet plus two further storage cupboards, bright & airy lounge which leads through to the separate fitted kitchen which is dual aspect allowing natural light to flood in. Additionally, there are two bedrooms (one double and one single) and family bathroom with three-piece suite consisting of bath with shower, wash basin and WC. Gas central heating is installed as well as UPVC double glazing. Would be of interest to either first time buyers, somebody downsizing or even buy to let investors, this apartment is certain to prove extremely popular. Has been previously rented out and achieved £825 per month which equates to a yield of around 7% at the current asking price.

Situated a short stroll from Romiley centre with its supermarkets, pubs, bars & restaurants. Romiley Train Station is under half a mile away (0.3 miles/6 mins on foot). Scenic walks are also nearby for those that like the outdoors.

TENURE - Leasehold TERM: 250 years from 2012 (238 years remaining) GROUND RENT: £10 per annum SERVICE CHARGE: £888 per annum (approx) EPC - C COUNCIL TAX BAND - A

Property construction - Brick Utilities: Water supply - Mains Electricity Supply - Mains Sewerage - Mains Heating - Gas central heating Parking - Residents Car Park Estimated Broadband Speeds Overall - 1000 Mbps Mobile Phone coverage - OK to Good Rights and restrictions we are aware of - Has the property flooded in the last 5 years - No

N.B In order to comply with the relevant legislation, we inform you that the seller of this property is a relative of a member of staff at Lawler & Company.

Agent Details

Lawler & Co, Marple

0161 524 3922

Next Steps?

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