5 Bed Detached House, Refurb/BRRR, Stockport, SK4 3RA, £675,000
Green Pastures, Heaton Mersey, Stockport, SK4 3RA - 6 months ago
Sold STC
Refurb/BRRR
~178 m²





+17 photos
ValuationOvervalued
Sold Prices | £175.5K - £920K |
Sold Prices/m² | £2.4K/m² - £8.4K/m² |
| |
Square Metres | ~178.28 m² |
Price/m² | £3.8K/m² |
Value Estimate | £605,489 |
| |
End Value (After Refurb) | £646,512 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £168,750 |
Stamp Duty & Legal Fees | £42,700 |
Refurb Costs | £75,319 |
Bridging Loan Interest | £17,719 |
Total Cash In | £306,238 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £646,512 |
Mortgage (After Refinance) | £484,884 |
Mortgage LTV | 75% |
Cash Left In | £306,238 |
Equity | £161,628 |
Rent Range | £563 - £3,500 |
Rent Estimate | £1,369 |
Running Costs/mo | £2,314 |
Cashflow/mo | £-945 |
Cashflow/yr | £-11,342 |
Gross Yield | 2% |
Local Sold Prices
26 sold prices from £175.5K to £920K, average is £552.5K. £2.4K/m² to £8.4K/m², average is £3.6K/m².
Local Rents
40 rents from £563/mo to £3.5K/mo, average is £1.5K/mo.
Local Area Statistics
Population in SK4 | 34,510 |
Population in Stockport | 181,140 |
Town centre distance | 3.63 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 0.38 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | -9% |
Sales demand | Seller's market |
Capital growth (5yrs) | +31% |
Property History
Listed for £675,000
October 10, 2024
Floor Plans
