2 Bed Flat, Single Let, Stockport, SK5 6DD, £220,000

Waterhouse Way, Stockport, Greater Manchester, SK5 6DD - 6 months ago

Leasehold
BTL
ROI: 1%
~68 m²
+14 photos

ValuationOvervalued

Sold Prices£70K - £290K
Sold Prices/m²£1.6K/m² - £4.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£163,053

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£12,200

Total Cash In

£67,200

 

 

Cash Out

 

Rent Range

£895 - £1,300

Rent Estimate

£928

Running Costs/mo

£893

Cashflow/mo

£35

Cashflow/yr

£419

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £70K to £290K, average is £132.5K. £1.6K/m² to £4.9K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£197K05/230.04 miFlat 307, Houldsworth Mill, Waterhouse Way, Reddish, Stockport, Greater Manchester SK5 6DD2
£130K04/210.06 mi35, Tarvin Avenue, Stockport, Greater Manchester SK4 5LG2
£108.5K01/210.3 miFlat 112, Victoria Mill, Houldsworth Street, Reddish, Stockport, Greater Manchester SK5 6AX2
£200K01/230.3 miFlat 172, Victoria Mill, Houldsworth Street, Reddish, Stockport, Greater Manchester SK5 6AX2
£90K01/210.42 mi60a, Gorton Road, Stockport, Greater Manchester SK5 6AH2
£138K03/230.68 mi37, Broomfield Drive, Stockport, Greater Manchester SK5 7DR2
£145K06/220.69 mi2, Higher Meadows, Levenshulme, Manchester, Greater Manchester M19 3BQ2
£166K09/211.01 mi18, West Meadow, Stockport, Greater Manchester SK5 6XR2
£127K12/211.01 mi19, West Meadow, Stockport, Greater Manchester SK5 6XR2
£140K09/221.01 mi23, West Meadow, Stockport, Greater Manchester SK5 6XR2
£133K07/231.06 mi137, Rawsthorne Avenue, Manchester, Greater Manchester M18 7GA2
£102K10/211.06 mi79, Rawsthorne Avenue, Manchester, Greater Manchester M18 7GA2
£120K11/211.06 mi33, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ2
£105K03/211.06 mi51, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ2
£148K09/221.06 mi57, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ2
£125K06/221.07 mi41, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ2
£205K03/211.12 miFlat 4, Lea Court, Heaton Moor Road, Stockport, Greater Manchester SK4 4PZ2
£200K03/211.12 miFlat 12, Lea Court, Heaton Moor Road, Stockport, Greater Manchester SK4 4PZ2
£135K05/221.2 mi90, Cromwell Avenue, Denton, Stockport, Greater Manchester SK5 6GB2
£155K09/221.21 mi66, Cromwell Avenue, Denton, Stockport, Greater Manchester SK5 6GB2
£132K11/221.23 mi7, Cromwell Avenue, Denton, Stockport, Greater Manchester SK5 6GA2
£135K04/221.23 mi67, Cromwell Avenue, Denton, Stockport, Greater Manchester SK5 6GA2
£155K03/211.29 miFlat 9, Church Manor, Stanley Road, Stockport, Greater Manchester SK4 4HL2
£75K02/231.33 mi5, Moorton Avenue, Manchester, Greater Manchester M19 2NQ2
£115K03/211.38 mi1a, Avon Road, Manchester, Greater Manchester M19 1HP2
£130K08/211.39 mi40, Stitch Lane, Stockport, Greater Manchester SK4 2LS2
£142K10/211.41 mi146a, Burnage Lane, Manchester, Greater Manchester M19 1EF2
£128K08/211.42 mi9, Alston Gardens, Manchester, Greater Manchester M19 1DW2
£135K04/221.44 miFlat 36, Warwick House, Central Avenue, Manchester, Greater Manchester M19 2FF2
£123K03/231.44 miFlat 28, Warwick House, Central Avenue, Manchester, Greater Manchester M19 2FF2
£70K03/231.45 miFlat 246, Ferguson Court, Acorn Close, Manchester, Greater Manchester M19 2HS2
£71.5K10/201.46 miFlat 232, Ferguson Court, Acorn Close, Manchester, Greater Manchester M19 2HS2
£85K09/221.46 miFlat 231, Ferguson Court, Acorn Close, Manchester, Greater Manchester M19 2HS2
£80K03/211.46 miFlat 238, Ferguson Court, Acorn Close, Manchester, Greater Manchester M19 2HS2
£130K03/231.46 miFlat 4, Park Lodge, Park Avenue, Levenshulme, Manchester, Greater Manchester M19 2EE2
£187K09/211.47 mi9, Clifton Court, Stockport, Greater Manchester SK4 4DB2
£151K06/221.51 mi5, Danebank Mews, Denton, Manchester, Greater Manchester M34 2JN2
£290K06/211.51 mi28, Colchester Place, Stockport, Greater Manchester SK4 2NY2
£133K12/221.53 mi1, Danebank Mews, Denton, Manchester, Greater Manchester M34 2JN2
£144K10/211.57 mi36e, Norris Hill Drive, Stockport, Greater Manchester SK4 2NR2
£184.9K05/231.57 mi56g, Norris Hill Drive, Stockport, Greater Manchester SK4 2NR2
£167.5K05/211.57 mi56f, Norris Hill Drive, Stockport, Greater Manchester SK4 2NR2
£195K11/201.58 mi206b, Heaton Moor Road, Stockport, Greater Manchester SK4 4DU2
£130K12/221.59 mi898d, Hyde Road, Manchester, Greater Manchester M18 7LL2
£110K03/211.59 mi920a, Hyde Road, Manchester, Greater Manchester M18 7LL2
£123K07/221.59 mi896, Hyde Road, Manchester, Greater Manchester M18 7LL2
£120K10/221.59 mi892c, Hyde Road, Manchester, Greater Manchester M18 7LL2
£115K12/211.59 mi898a, Hyde Road, Manchester, Greater Manchester M18 7LL2
£177.5K01/231.65 mi49g, Crescent Park, Stockport, Greater Manchester SK4 2JD2
£103K11/201.67 mi32, Totland Close, Manchester, Greater Manchester M12 5RY2

Local Rents

33 rents from £895/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£99508/240.05 miTarvin Avenue, Heaton Chapel, Stockport, SK42
£1,00009/240.1 mi-2
£89508/240.1 mi-2
£1,00008/240.11 miCarnforth Road SK42
£99508/240.13 mi-2
£1,05012/240.14 mi-2
£1,20009/240.22 miBlackbrook Road, Heaton Chapel2
£89509/240.23 mi-2
£1,10009/240.23 miHaddon Grove, Reddish, Stockport, SK52
£1,30002/250.23 mi-2
£1,27502/250.25 mi-2
£1,17508/240.25 miLeamington Road, Reddish, Stockport, SK52
£1,17509/240.25 miLeamington Road, Reddish, Stockport, SK52
£1,05008/240.25 miElisabeth Mill, Elisabeth Gardens, Stockport2
£95009/240.26 mi-2
£99509/240.26 miElisabeth Gardens, Reddish, Stockport2
£1,00004/250.29 mi-2
£1,00004/250.3 mi-2
£97508/240.3 miVictoria Mill, Houldsworth Square, Reddish, Stockport, SK52
£1,10004/250.31 mi-2
£95009/240.32 mi-2
£1,25009/240.36 miPriory Lane, Stockport, Cheshire, SK52
£1,00004/250.38 mi-2
£1,10009/240.38 miPriory Lane, Stockport, Cheshire, SK52
£95008/240.38 mi-2
£1,05008/240.44 miBarlow Lane North, Reddish, Stockport, SK52
£95012/240.45 mi-2
£1,27509/240.49 miFinsbury Road, Reddish, Stockport, SK52
£1,00003/250.51 mi-2
£92508/240.53 mi-2
£1,10009/240.56 miBroadstone Hall Road South, South Reddish, Stockport2
£99508/240.57 miSpencer Street, Reddish, Stockport, Greater Manchester, SK52
£99509/240.57 miSpencer Street, Reddish, Stockport, Greater Manchester, SK52

Local Area Statistics

Population in SK5

29,538

Population in Stockport

181,140

Town centre distance

3.54 miles away

Nearest school

0.10 miles away

Nearest train station

0.36 miles away

 

 

Rental growth (12m)

+28%

Sales demand

Seller's market

Capital growth (5yrs)

+48%

Property History

Listed for £220,000

October 8, 2024

Floor Plans

Description

  • Open-plan layout +
  • High ceilings +
  • Panoramic views +
  • Recently renovated +
  • Two double bedrooms +
  • Modern kitchen appliances +
  • Newly refurbished bathroom +
  • On-site gym +
  • Parking available +
  • Close to public transport +

Welcome to this immaculate flat that is graced with charm and modern elegance. This property is currently listed for sale and offers an open-plan layout, high ceilings, and breathtaking panoramic views from the large windows in the reception room. The flat has been recently renovated, and the pristine condition leaves nothing to be desired.

The property boasts two double bedrooms, each with an inviting ambiance. The first bedroom is filled with natural light, creating a warm and serene environment, while the second bedroom has been newly refurbished, adding a fresh touch to its appeal. The open-plan kitchen is also a sight to behold, equipped with modern appliances, bathed in natural light, and recently refurbished, it's ready for you to cook up a culinary storm.

The bathroom, too, has been newly refurbished, offering a clean and stylish space to freshen up. If you own a vehicle, you'll be pleased to know that there's parking available.

The location of this flat is truly unbeatable. Situated in a strong local community with historical features, it's close to public transport links, local amenities, and nearby schools, making it ideal for families, couples, or sharers.

In summary, this is a fantastic opportunity to purchase a meticulously maintained flat in a vibrant neighbourhood. This property is a perfect blend of comfort, convenience and style. Be sure to seize this opportunity and make this wonderful property your home.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

RED240367/2

Agent Details

Reeds Rains, Reddish

0161 524 5299

Next Steps?

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