2 Bed Flat, Single Let, Stockport, SK7 4RY, £150,000

8a, Chepstow Drive, Stockport, SK7, SK7 4RY - 5 views - 6 months ago

Under Offer

Leasehold

BTL

ROI: 8%

47 m²

+2 photos

ValuationOvervalued

Sold Prices	£75K - £403K
Sold Prices/m²	£1.7K/m² - £6K/m²

Square Metres	46.66 m²
Price/m²	£3.2K/m²
Value Estimate	£116,972£116,972

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£37,500£37,500
Stamp Duty & Legal Fees	£5,700£5,700
Total Cash In	£43,200£43,200

Cash Out
Rent Range	£800 - £1,200£800 - £1,200
Rent Estimate	£956
Running Costs/mo	£680£680
Cashflow/mo	£276£276
Cashflow/yr	£3,313£3,313
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

30 sold prices from £75K to £403K, average is £157.5K. £1.7K/m² to £6K/m², average is £2.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£162.5K	05/23	0.28 mi	23, Carlton Place, Hazel Grove, Stockport, Greater Manchester SK7 6AG	£2,711	60	2	Flat
£160K	03/23	0.4 mi	11, Dunvegan Road, Hazel Grove, Stockport, Greater Manchester SK7 6BB	£2,807	57	2	Flat
£130K	12/20	0.4 mi	23, Dunvegan Road, Hazel Grove, Stockport, Greater Manchester SK7 6BB	£2,203	59	2	Flat
£75K	06/21	0.53 mi	46, Cooper Street, Hazel Grove, Stockport, Greater Manchester SK7 4LA	-	-	2	Flat
£138.5K	07/21	0.53 mi	92, Cooper Street, Hazel Grove, Stockport, Greater Manchester SK7 4LA	£1,924	72	2	Flat
£140K	08/21	0.53 mi	20, Cooper Street, Hazel Grove, Stockport, Greater Manchester SK7 4LA	£2,262	62	2	Flat
£75K	11/21	0.53 mi	44, Cooper Street, Hazel Grove, Stockport, Greater Manchester SK7 4LA	-	-	2	Flat
£100K	02/21	0.54 mi	17, Penny Brook Fold, Hazel Grove, Stockport, Greater Manchester SK7 4LU	-	-	2	Flat
£110K	09/21	0.64 mi	19, Penney Brook Fold, Hazel Grove, Stockport, Greater Manchester SK7 4LU	£2,391	46	2	Flat
£131.3K	11/22	0.78 mi	9, Bosden Hall Road, Hazel Grove, Stockport, Greater Manchester SK7 4JJ	£2,130	62	2	Flat
£210K	02/21	0.83 mi	38, Kingfisher Road, Stockport, Greater Manchester SK2 5JR	£3,443	61	2	Flat
£250K	06/21	1.09 mi	50, Poise Brook Road, Stockport, Greater Manchester SK2 5JF	-	-	2	Flat
£195K	04/23	1.11 mi	71a, Penrhyn Crescent, Hazel Grove, Stockport, Greater Manchester SK7 5ND	-	-	2	Flat
£182K	06/23	1.12 mi	Apartment 9, Chelford House, Offerton Road, Stockport, Greater Manchester SK2 5GE	-	-	2	Flat
£230K	05/22	1.12 mi	Apartment 12, Chelford House, Offerton Road, Stockport, Greater Manchester SK2 5GE	-	-	2	Flat
£403K	05/21	1.31 mi	120a, Bramhall Moor Lane, Hazel Grove, Stockport, Greater Manchester SK7 5AU	£2,600	155	2	Flat
£150K	02/21	1.54 mi	Flat 13, Grosvenor Lodge, Dorchester Road, Hazel Grove, Stockport, Greater Manchester SK7 5HE	-	-	2	Flat
£152K	02/23	1.54 mi	Flat 4, Grosvenor Lodge, Dorchester Road, Hazel Grove, Stockport, Greater Manchester SK7 5HE	-	-	2	Flat
£140K	03/23	1.55 mi	7a, Dorchester Parade, Hazel Grove, Stockport, Greater Manchester SK7 5HA	£2,414	58	2	Flat
£92K	03/21	1.6 mi	6, Ash Close, Stockport, Greater Manchester SK2 7QR	£1,673	55	2	Flat
£155K	05/22	1.69 mi	Flat 20, Manston Lodge, Hampstead Drive, Stockport, Greater Manchester SK2 7QL	-	-	2	Flat
£115K	02/23	1.71 mi	306a, Buxton Road, Stockport, Greater Manchester SK2 7AN	-	-	2	Flat
£255K	08/21	1.8 mi	10, Mayfair Close, Poynton, Stockport, Cheshire East SK12 1FG	£3,806	67	2	Flat
£350K	03/21	1.84 mi	27, Thornway, High Lane, Stockport, Greater Manchester SK6 8EL	£5,000	70	2	Flat
£136K	05/21	1.88 mi	8, Moreton Lane, Stockport, Greater Manchester SK2 5SW	-	-	2	Flat
£255K	11/21	1.9 mi	11, West Towers Mews, Marple, Stockport, Greater Manchester SK6 7GR	-	-	2	Flat
£175K	11/22	1.92 mi	Flat 1, Edmonton Court, Edmonton Road, Stockport, Greater Manchester SK2 7BG	-	-	2	Flat
£310K	05/21	1.96 mi	63, Parklands Way, Poynton, Stockport, Cheshire SK12 1AT	£5,962	52	2	Flat
£222.5K	07/21	1.96 mi	Apartment 5, Somerford House, Parklands Way, Poynton, Stockport, Cheshire East SK12 1AL	-	-	2	Flat
£210K	08/22	1.96 mi	Apartment 4, Somerford House, Parklands Way, Poynton, Stockport, Cheshire East SK12 1AL	-	-	2	Flat

Local Rents

13 rents from £800/mo to £1.2K/mo, average is £1K/mo.

Rent	Date	Distance	Address	Beds	Type
£975	08/24	0.24 mi	Torkington Road, Stockport, Cheshire, SK7	2	Flat
£1,100	08/24	0.26 mi	Torkington Manor, Torkington Road, Stockport, SK7	2	Flat
£800	08/24	0.42 mi	Dunvegan Road, Hazel Grove, Stockport	2	Flat
£1,200	03/25	0.43 mi	-	2	Terraced House
£995	07/23	0.47 mi	-	2	Flat
£995	10/24	0.47 mi	-	2	Flat
£1,000	09/23	0.48 mi	-	2	Semi-Detached House
£1,000	09/23	0.48 mi	-	2	Semi-Detached House
£1,100	08/24	0.5 mi	Cherry Tree Drive, Hazel Grove, Stockport, Cheshire, SK7	2	Flat
£1,100	06/24	0.55 mi	-	2	Semi-Detached House
£1,200	01/25	0.55 mi	-	2	Bungalow
£975	08/24	0.59 mi	Pineapple Street, Hazel Grove, Stockport, Cheshire, SK7	2	Terraced House
£950	12/24	0.59 mi	School Street, Stockport, Greater Manchester, SK7	2	Terraced House

Local Area Statistics

Population in SK7	40,66940,669
Population in Stockport	181,140181,140
Town centre distance	1.32 miles away1.32 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.78 miles away0.78 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	-4%-4%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+42%+42%

Property History

Listed for £150,000

October 23, 2024

Sold for £89,950

2003

Floor Plans

Description

*** No Chain *** +
Ideal Investment +
Two Bedrooms +
Quiet Location +
Private Parking +
Energy Efficiency Rating D +

Rooftops Estate Agents are overjoyed to present for sale, this two-bedroom apartment located at the top-quality address of Chepstow Drive, Hazel Grove, Stockport. The property is now open to offers, and detailed viewings are very welcome with an asking price of £150,000.

The property is thoughtfully laid out over one floor, where a comfortable reception room awaits you, offering plenty of space for relaxing and entertaining guests. The reception room is light and airy, due to the combination of its generous size and ample natural light, providing a relaxing living space.

The two bedrooms are both spacious and well-appointed, providing ample storage opportunities and a quiet retreat at the end of each day.

Furthermore, the property benefits from a prime location. Hazel Grove is an elite neighbourhood with excellent connectivity to the city and surrounding areas, offering a perfect balance between suburban tranquillity and urban convenience. The property is close to local amenities such as shops, schools and has quite easy access to public transportation.

In conclusion, this property is a hidden treasure in the heart of Stockport, presented for sale at an excellent price, and packed with incredible potential. This could be an ideal opportunity for first-time buyers or experienced investors looking for another addition to their portfolio. Don't miss out on this opportunity to purchase an apartment with great potential in a highly desirable location.

Agent Details

Rooftops, Sales, Letting & Management, Wilmslow

01625 920731

Next Steps?

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

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