3 Bed Terraced House, Refurb/BRRR, Stockport, SK7 4ND, £250,000

14 Meadow Croft, Stockport, Greater Manchester, SK7 4ND - 6 views - 6 months ago

Refurb/BRRR
ROI: 2%
~93 m²
+15 photos

ValuationUndervalued

Sold Prices£117.5K - £367.5K
Sold Prices/m²£1.5K/m² - £4.5K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£256,346
BMV3%

 

 

End Value (After Refurb)

£255,493

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£39,200

Bridging Loan Interest

£6,563

Total Cash In

£118,713

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£255,493

Mortgage (After Refinance)

£191,620

Mortgage LTV

75%

Cash Released

£4,120

Cash Left In

£114,593

Equity

£63,873

Rent Range

£975 - £1,650

Rent Estimate

£1,304

Running Costs/mo

£1,079

Cashflow/mo

£225

Cashflow/yr

£2,697

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £117.5K to £367.5K, average is £240K. £1.5K/m² to £4.5K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£190K12/200.01 mi1, Meadow Croft, Hazel Grove, Stockport, Greater Manchester SK7 4ND3
£234K01/230.07 mi65, Farndon Avenue, Hazel Grove, Stockport, Greater Manchester SK7 4LJ3
£229.9K04/210.08 mi4, Bosden Fold Road, Hazel Grove, Stockport, Greater Manchester SK7 4LQ3
£190K12/200.08 mi19, Bosden Fold Road, Hazel Grove, Stockport, Greater Manchester SK7 4LQ3
£150K02/210.08 mi34, Hazelwood Road, Hazel Grove, Stockport, Greater Manchester SK7 4LZ3
£232.5K12/200.09 mi21, Nelson Street, Hazel Grove, Stockport, Greater Manchester SK7 4LR3
£132.5K05/230.12 mi11, Cooper Street, Hazel Grove, Stockport, Greater Manchester SK7 4LT3
£250K01/210.12 mi31, Bosden Avenue, Hazel Grove, Stockport, Greater Manchester SK7 4LH3
£215K03/210.18 mi2, Cooper Street, Hazel Grove, Stockport, Greater Manchester SK7 4LA3
£265K08/230.22 mi80, Garthland Road, Hazel Grove, Stockport, Greater Manchester SK7 4PB3
£295K02/210.23 mi63, Queens Road, Hazel Grove, Stockport, Greater Manchester SK7 4HZ3
£282.5K12/200.26 mi19, Rochester Grove, Hazel Grove, Stockport, Greater Manchester SK7 4JD3
£270K03/230.26 mi12, Rochester Grove, Hazel Grove, Stockport, Greater Manchester SK7 4JD3
£195K03/210.26 mi79, Chapel Street, Hazel Grove, Stockport, Greater Manchester SK7 4JH3
£200K03/230.27 mi45, Commercial Road, Hazel Grove, Stockport, Greater Manchester SK7 4BG3
£150K05/210.28 mi29, Grove Street, Hazel Grove, Stockport, Greater Manchester SK7 4JW3
£199K03/210.29 mi29, Commercial Road, Hazel Grove, Stockport, Greater Manchester SK7 4BG3
£282.5K08/230.29 mi17, Grove Street, Hazel Grove, Stockport, Greater Manchester SK7 4JW3
£180K05/210.29 mi21, Vine Street, Hazel Grove, Stockport, Greater Manchester SK7 4JP3
£295K03/210.31 mi43, Queens Road, Hazel Grove, Stockport, Greater Manchester SK7 4HX3
£300K08/210.31 mi1, Braemar Road, Hazel Grove, Stockport, Greater Manchester SK7 4QG3
£245K05/210.31 mi95, Clarendon Road, Hazel Grove, Stockport, Greater Manchester SK7 4NS3
£238K05/210.33 mi1, Dorothy Road, Hazel Grove, Stockport, Greater Manchester SK7 4NZ3
£218K09/210.33 mi32, Garthland Road, Hazel Grove, Stockport, Greater Manchester SK7 4PD3
£213K03/210.33 mi7, Garthland Road, Hazel Grove, Stockport, Greater Manchester SK7 4PD3
£285K03/210.35 mi3, Balmoral Grove, Hazel Grove, Stockport, Greater Manchester SK7 4QF3
£350K10/220.35 mi63, Siskin Road, Stockport, Greater Manchester SK2 5JX3
£318K08/230.35 mi16, Queens Road, Hazel Grove, Stockport, Greater Manchester SK7 4HX3
£155K12/220.36 mi50, Crowsdale Place, Stockport, Greater Manchester SK2 5PA3
£271K06/210.36 mi29, Siskin Road, Stockport, Greater Manchester SK2 5JX3
£230K12/200.36 mi11, Siskin Road, Stockport, Greater Manchester SK2 5JX3
£167K10/220.37 mi44, Spring Gardens, Hazel Grove, Stockport, Greater Manchester SK7 4AE3
£151.5K09/220.37 mi58, Spring Gardens, Hazel Grove, Stockport, Greater Manchester SK7 4AE3
£295K03/210.37 mi57, Avondale Avenue, Hazel Grove, Stockport, Greater Manchester SK7 4QE3
£367.5K05/230.38 mi54, Kingfisher Road, Stockport, Greater Manchester SK2 5JR3
£265K07/230.38 mi28, Buckwood Close, Hazel Grove, Stockport, Greater Manchester SK7 4NG3
£245K02/210.38 mi26, Buckwood Close, Hazel Grove, Stockport, Greater Manchester SK7 4NG3
£181.5K12/200.38 mi9, Victoria Avenue, Hazel Grove, Stockport, Greater Manchester SK7 4HY3
£117.5K11/200.39 mi34, Candleford Place, Stockport, Greater Manchester SK2 5NZ3
£352K01/230.39 mi6, Serin Close, Stockport, Greater Manchester SK2 5JS3
£205K02/230.4 mi55, Micklehurst Green, Stockport, Greater Manchester SK2 5NU3
£257.5K05/230.4 mi13, Reeve Close, Stockport, Greater Manchester SK2 5JY3
£280K12/220.41 mi21, Siskin Road, Stockport, Greater Manchester SK2 5JX3
£277.5K03/230.43 mi12, Linnet Close, Stockport, Greater Manchester SK2 5JP3
£242K12/200.44 mi8, Martin Close, Stockport, Greater Manchester SK2 5UW3
£232.5K07/210.47 mi164, Shearwater Road, Stockport, Greater Manchester SK2 5XB3
£310K06/230.48 mi191, Shearwater Road, Stockport, Greater Manchester SK2 5XA3
£152K01/230.48 mi24, Bowland Close, Stockport, Greater Manchester SK2 5NW3
£271K06/210.49 mi28, Fulmar Drive, Stockport, Greater Manchester SK2 5JL3
£321K01/230.51 mi43, Neville Street, Hazel Grove, Stockport, Greater Manchester SK7 4EB3

Local Rents

26 rents from £975/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,35008/240.13 miCooper Street, Hazel Grove, Stockport, Greater Manchester, SK73
£1,10008/240.18 miClarendon Road, Hazel Grove, Stockport, SK7 4NT3
£1,25004/250.18 mi-3
£1,30008/240.18 miKings Road, Hazel Grove, Stockport, SK73
£1,25008/240.2 miCommercial Road, Hazel Grove, Stockport, SK73
£1,20002/240.22 mi-3
£1,10004/240.23 mi-3
£1,25006/230.25 mi-3
£1,65012/240.29 miGrove Street SK73
£1,52508/240.29 miHazelwood Road, Hazel Grove, Stockport, SK73
£1,30012/240.33 miDorothy Road, Stockport, Greater Manchester, SK73
£1,30004/250.34 mi-3
£1,30009/240.34 mi-3
£1,30012/240.34 miDorothy Road, Hazel Grove, Stockport, SK73
£1,29504/230.35 mi-3
£1,45008/240.37 miSpring Gardens SK73
£1,25012/230.37 mi-3
£97511/230.38 mi-3
£1,60008/240.4 miPeregrine Road, Stockport3
£1,25008/240.44 miWren Close, Offerton3
£1,15008/230.44 mi-3
£1,20008/240.48 miBowland Close SK23
£1,40008/240.52 miSanderling Road SK23
£1,40011/240.53 mi-3
£1,50009/240.54 miTeal Close, Stockport3
£1,20008/230.58 mi-3

Local Area Statistics

Population in SK7

40,669

Population in Stockport

181,140

Town centre distance

0.66 miles away

Nearest school

0.10 miles away

Nearest train station

0.58 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Listed for £250,000

October 17, 2024

Sold for £115,500

2003

Sold for £49,950

1996

Floor Plans

Description

  • Cul-De-Sac Location +
  • NO VENDOR CHAIN +
  • Direct Transport Links To Manchester City Centre +
  • Spacious Room Dimensions Throughout +
  • Office/4Th Bedroom To Ground Floor +
  • Free Hold +
  • Drive And Allocated Residence Parking +
  • Spacious Rear Garden +
  • Book A Viewing By Clicking On The Brochure Link +

The Property
Welcome to this deceptively spacious family home, perfectly set back from the road in a drive-fronted position, complete with allocated resident parking and offered to the market with no vendor chain.

This property presents an exciting opportunity for first-time buyers and families alike, allowing you to infuse your own style and taste as it requires some general internal renovation.

Conveniently located, this home is surrounded by excellent schools, local amenities, and transport links, providing direct connections to Manchester, Manchester Airport, and Stockport via the M60/M67, as well as nearby train and bus services. For those who enjoy the outdoors, local parks and playing fields are just a stone's throw away, making it an ideal spot for families with children or pets in search of a safe, welcoming community, situated on a peaceful cul-de-sac.

Upon entering, you'll be greeted by a spacious hallway that offers access to a handy WC and utility room, as well as a versatile home office or snug that could easily serve as a fourth bedroom. The open-plan kitchen diner is perfect for family gatherings, while a separate lounge provides a comfortable retreat. Upstairs, you'll find a generous master bedroom alongside two additional double bedrooms, ensuring plenty of space for everyone. The family bathroom features both a bath and a separate shower for added convenience. Externally, the low-maintenance garden is an inviting space, ideal for alfresco dining, family gatherings, or simply relaxing as you watch the children play.

Don’t miss this fantastic opportunity to make this house your home!

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Stockport

020 3834 7974

Next Steps?

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