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.

PriceDateDistanceAddressBeds 
£549.5K03/210.08 mi6, Green Pastures, Stockport, Greater Manchester SK4 3RA5
£635K02/210.08 mi72, Green Pastures, Stockport, Greater Manchester SK4 3RA5
£630K05/210.09 mi53, Green Pastures, Stockport, Greater Manchester SK4 3RB5
£532.5K03/210.09 mi77, Green Pastures, Stockport, Greater Manchester SK4 3RB5
£550K03/210.09 mi83, Green Pastures, Stockport, Greater Manchester SK4 3RB5
£505K09/210.12 mi54, Green Pastures, Stockport, Greater Manchester SK4 3RA5
£575K09/210.46 mi894, Wilmslow Road, Manchester, Greater Manchester M20 5PG5
£850K09/220.53 mi20, Cannock Drive, Heaton Mersey, Stockport, Greater Manchester SK4 3JB5
£375K03/230.53 mi3, Boddens Hill Road, Stockport, Greater Manchester SK4 2DG5
£375K06/210.61 mi3, Boddens Hill Road, Stockport, Greater Manchester SK4 2DG5
£795K08/230.63 mi450, Parrs Wood Road, Manchester, Greater Manchester M20 5GP5
£450K11/220.66 mi12, Cedarwood Avenue, Stockport, Greater Manchester SK4 2BT5
£376K03/210.69 mi88, Craig Road, Stockport, Greater Manchester SK4 2BJ5
£796.5K09/220.69 mi461, Parrs Wood Road, Manchester, Greater Manchester M20 5NE5
£630K06/210.7 mi7, Queens Close, Stockport, Greater Manchester SK4 3JL5
£555K04/210.7 mi107, Morningside Drive, Manchester, Greater Manchester M20 5PW5
£525K03/210.71 mi21, Mellington Avenue, Manchester, Greater Manchester M20 5WE5
£743K09/210.72 mi42, Queens Drive, Stockport, Greater Manchester SK4 3JW5
£480K04/210.76 mi25, Galbraith Road, Manchester, Greater Manchester M20 6JJ5
£550K12/200.76 mi6, Galbraith Road, Manchester, Greater Manchester M20 6JJ5
£788K06/210.92 mi15, Kings Drive, Stockport, Greater Manchester SK4 4DZ5
£175.5K06/230.94 miMoseley Old Hall, Old Road, Cheadle, Greater Manchester SK8 2DX5
£740K09/230.94 mi23, Adria Road, Manchester, Greater Manchester M20 6SQ5
£520K03/210.95 mi165, Didsbury Road, Stockport, Greater Manchester SK4 2AE5
£920K07/230.98 mi91, Fog Lane, Manchester, Greater Manchester M20 6SL5
£783.5K06/210.99 mi24, Cleveland Road, Stockport, Greater Manchester SK4 4BS5

Local Rents

40 rents from £563/mo to £3.5K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,39008/240.03 miMeltham Close, Stockport, Greater Manchester, SK43
£1,45009/240.18 miCrossgate Mews, Heaton Mersey, Stockport3
£1,30009/240.35 miBerwick Avenue, Heaton Mersey, Stockport, SK43
£2,00009/240.36 miLineham Close, Stockport4
£1,50008/240.39 miBerwick Avenue, Heaton Mersey, Stockport3
£2,25005/240.41 miQueensway4
£1,80012/240.41 mi-3
£1,90009/240.41 miValley Road, Heaton Mersey, Stockport, SK44
£60705/240.49 miWilmslow Road , , 3
£56305/240.49 miWilmslow Road , , 7
£65005/240.49 miWilmslow Road, , 4
£65005/240.49 miWilmslow Road, , 4
£65005/240.49 miWilmslow Road, , 4
£65005/240.49 miWilmslow Road, , 3
£60705/240.49 miWilmslow Road , , 5
£65005/240.49 miWilmslow Road, , 3
£65005/240.49 miWilmslow Road, , 4
£65005/240.49 miWilmslow Road, , 6
£65005/240.49 miWilmslow Road, , 4
£65005/240.49 miWilmslow Road, , 3
£65005/240.49 miWilmslow Road, , 3
£58505/240.49 miWilmslow Road , , 8
£65005/240.49 miWilmslow Road, , 3
£2,00009/240.53 miBluestone Drive, Stockport3
£1,29502/250.54 mi-3
£2,35003/250.56 mi-4
£1,69508/240.56 miLeeside, Heaton Mersey, Stockport3
£1,85003/250.57 mi-4
£1,95012/240.57 mi-4
£1,55005/240.57 miParrs Wood Avenue, East Didsbury, Manchester3
£1,70005/240.57 miHomestead Crescent, Manchester, M19 3
£2,08005/240.58 miKingsway, Manchester, M20 5PB4
£2,18005/240.6 miHomestead Crescent, Manchester, M19 1GL4
£1,60012/240.6 mi-3
£1,59005/240.6 miGreylands Road, Manchester, M20 5PJ3
£1,59012/240.6 mi-3
£1,49503/250.6 mi-3
£1,50005/240.6 miAvalon Drive, Manchester3
£3,50005/240.61 mi-4
£3,30005/240.61 mi-4

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

Description

  • Spacious five-bedroom, three-bathroom detached home with over 2,000 sq. ft. of living space +
  • Impressive single-story extension and garage conversion for added versatility +
  • Expansive open-plan living and dining area with feature fireplace and garden access +
  • Well-equipped kitchen with quality finishes and a separate utility room +
  • Five double bedrooms, including a large room with a balcony overlooking greenery +
  • Large driveway, mature gardens, and a private, paved rear garden ideal for family enjoyment +

This generously sized five-bedroom, three-bathroom detached property offers over 2,000 square feet of versatile living space, thanks to an impressive single-story extension and a garage conversion. Homes of this size and in this highly sought-after Green Pastures location are a rare find, making it ideal for a growing family looking to create their dream home. Though the property is in need of some modernization, its excellent location and expansive layout offer endless potential.

Upon entering, you're greeted by a spacious entrance hallway leading to the heart of the home. The extended open-plan living and dining area provides a perfect space for family gatherings, with a dining room that accommodates freestanding furniture and is complemented by a charming feature fireplace. To the rear, a well-lit lounge opens onto the garden, creating a relaxed and inviting atmosphere. The kitchen is well-equipped with matching wall and base units, quality work surfaces, and a separate utility room for additional white goods.

The ground floor also boasts two large, versatile rooms, ideal as reception rooms, playrooms, or even additional bedrooms, each with access to separate downstairs bathrooms, enhancing the flexibility of this home.

Upstairs, the first floor reveals five generously sized double bedrooms, all offering potential for personalization. The largest bedroom, currently used as a living room, features a balcony with stunning views of the surrounding greenery. A spacious four-piece family bathroom completes the first floor, offering a walk-in shower, hand wash basin, and low-level WC.

Externally, the property features a large driveway with ample parking for multiple vehicles, surrounded by mature greenery adding character and charm. The rear garden, mainly paved and framed by mature borders, offers a private space perfect for outdoor furniture and family enjoyment.

With its excellent location, generous size, and potential for personalization, this home is a fantastic opportunity to secure a spacious property in a prime area.

Agent Details

Philip James Kennedy, Heaton Moor

0161 524 3546

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪