3 Bed Terraced House, Cash/Bridging Only, Stalybridge, SK15 1UJ, £165,000

Sand Street, Stalybridge, SK15 1UJ - 5 months ago

Sold STC
Leasehold
Cash
ROI: 6%
~66 m²
+11 photos

ValuationFair Value

Sold Prices£97.5K - £290K
Sold Prices/m²£1.1K/m² - £4K/m²

 

 

Square Metres

~66 m²
Price/m²£2.5K/m²

Value Estimate

£168,300

 

 

End Value (After Refurb)

£172,500

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£10,250

Refurb Costs

£27,819

Bridging Loan Interest

£4,331

Total Cash In

£85,401

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£172,500

Mortgage (After Refinance)

£129,375

Mortgage LTV

75%

Cash Released

£5,625

Cash Left In

£79,776

Equity

£43,125

Rent Range

£800 - £3,100

Rent Estimate

£1,254

Running Costs/mo

£810

Cashflow/mo

£444

Cashflow/yr

£5,330

ROI

6%

Gross Yield

9%

Local Sold Prices

50 sold prices from £97.5K to £290K, average is £210K. £1.1K/m² to £4K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£125K12/200.03 mi39, Lord Street, Stalybridge, Greater Manchester SK15 1UF3
£180K12/220.04 mi24, Lord Street, Stalybridge, Greater Manchester SK15 1UF3
£125K12/200.08 mi20, Buckley Street, Stalybridge, Greater Manchester SK15 1TT3
£97.5K01/210.08 mi3, Cheetham Hill Road, Stalybridge, Greater Manchester SK15 1TU3
£97.5K01/210.08 mi3, Cheetham Hill Road, Stalybridge, Greater Manchester SK15 1TU3
£196.5K12/200.1 mi7, Hawthorn Drive, Stalybridge, Greater Manchester SK15 1UE3
£200K07/210.12 mi8, Maple Avenue, Stalybridge, Greater Manchester SK15 1UA3
£275K11/210.14 mi46, Rayners Close, Stalybridge, Greater Manchester SK15 1TJ3
£245K01/210.14 mi40, Rayners Close, Stalybridge, Greater Manchester SK15 1TJ3
£223K05/230.14 mi7, Rayners Close, Stalybridge, Greater Manchester SK15 1TJ3
£158K10/200.14 mi13, Lime Grove, Stalybridge, Greater Manchester SK15 1UP3
£241K01/210.16 mi9, Holly Bank Rise, Dukinfield, Greater Manchester SK16 5EG3
£223K03/210.16 mi17, Holly Bank Rise, Dukinfield, Greater Manchester SK16 5EG3
£250K10/200.16 mi15, Laburnum Avenue, Dukinfield, Greater Manchester SK16 5EJ3
£240K05/220.19 mi42, Fir Tree Crescent, Dukinfield, Greater Manchester SK16 5EH3
£231K09/210.19 mi18, Fir Tree Crescent, Dukinfield, Greater Manchester SK16 5EH3
£290K03/230.19 mi29, Fir Tree Crescent, Dukinfield, Greater Manchester SK16 5EH3
£175K02/210.19 mi19, Holly Grove, Stalybridge, Greater Manchester SK15 1UW3
£156K05/210.2 mi10, Pine Road, Stalybridge, Greater Manchester SK15 1UR3
£185K05/230.2 mi13, Pine Road, Stalybridge, Greater Manchester SK15 1UR3
£185K06/210.21 mi41, Lord Street, Dukinfield, Greater Manchester SK16 5JP3
£163K03/230.21 mi97, Cheetham Hill Road, Dukinfield, Greater Manchester SK16 5JL3
£210K03/230.22 mi6, Rose Hill, Stalybridge, Greater Manchester SK15 1UT3
£167.5K08/210.22 mi217, High Street, Stalybridge, Greater Manchester SK15 1TN3
£230K12/200.23 mi7, Cedar Grove, Dukinfield, Greater Manchester SK16 5EL3
£232K06/230.24 mi4, High Croft Close, Dukinfield, Greater Manchester SK16 5HU3
£260K04/230.25 mi16, Sunbury Close, Dukinfield, Greater Manchester SK16 5HP3
£210K04/230.25 mi9, Hob Hill, Stalybridge, Greater Manchester SK15 1TP3
£184K05/210.26 mi4, Fir Tree Close, Dukinfield, Greater Manchester SK16 5HW3
£212K12/200.28 mi21, Fir Tree Lane, Dukinfield, Greater Manchester SK16 5EW3
£242K09/210.28 mi3, Hill Mount, Dukinfield, Greater Manchester SK16 5HT3
£242.5K11/200.28 mi29, Hill Mount, Dukinfield, Greater Manchester SK16 5HT3
£225K11/200.29 mi5, Old School Mews, Dukinfield, Greater Manchester SK16 5NY3
£191.5K03/210.31 mi7, James Close, Dukinfield, Greater Manchester SK16 5NZ3
£138K03/210.34 mi9, Willow Close, Dukinfield, Greater Manchester SK16 5ES3
£221K02/230.35 mi122, Lodge Lane, Dukinfield, Greater Manchester SK16 5JG3
£250K06/230.35 mi128, Lodge Lane, Dukinfield, Greater Manchester SK16 5JG3
£189.9K12/200.35 mi3, St Johns Close, Dukinfield, Greater Manchester SK16 5LQ3
£260K04/210.38 mi11, Gloucester Rise, Dukinfield, Greater Manchester SK16 5EZ3
£245K04/210.38 mi4, Butterley Close, Dukinfield, Greater Manchester SK16 5QX3
£151.3K07/210.38 mi4, Ash Tree Drive, Dukinfield, Greater Manchester SK16 5HJ3
£140K02/210.38 mi1, Castle Walk, Stalybridge, Greater Manchester SK15 2EL3
£122K01/230.38 mi125, Cheetham Hill Road, Dukinfield, Greater Manchester SK16 5JU3
£250K07/230.38 mi145, Cheetham Hill Road, Dukinfield, Greater Manchester SK16 5JU3
£180K01/230.38 mi100, Sandy Lane, Dukinfield, Greater Manchester SK16 5NQ3
£265K06/230.38 mi10, Redmire Mews, Dukinfield, Greater Manchester SK16 5QY3
£245K04/210.38 mi74, Salisbury Drive, Dukinfield, Greater Manchester SK16 5DL3
£215K10/200.39 mi97, Vicarage Drive, Dukinfield, Greater Manchester SK16 5HZ3
£156K10/200.39 mi75, Vicarage Drive, Dukinfield, Greater Manchester SK16 5HZ3
£204K05/210.39 mi6, Vicarage Drive, Dukinfield, Greater Manchester SK16 5LE3

Local Rents

24 rents from £800/mo to £3.1K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,35008/240.09 miHawthorn Drive, Stalybridge3
£1,35008/240.1 miHawthorn Drive, Stalybridge, SK153
£1,00008/240.14 miLime Grove, Stalybridge, Greater Manchester, SK153
£1,55009/240.15 miCheetham Hill Road, Dukinfield, 3
£99508/240.18 mi-3
£1,10008/240.2 miSycamore Close, Dukinfield3
£1,20003/250.39 mi-3
£1,20003/250.39 mi-3
£1,20003/250.39 mi-3
£95004/250.43 mi-3
£90008/240.45 miElm Tree Drive, Dukinfield3
£1,35008/240.5 miForester Drive, Stalybridge3
£80011/240.51 mi-3
£1,20008/240.53 miStamford Close, Stalybridge, Greater Manchester, SK153
£1,45009/240.55 miThe Fairways, Dukinfield, Greater Manchester, SK163
£1,40009/240.56 miRook Close, Dukinfield3
£1,25008/240.57 mi-3
£1,25011/240.57 mi-3
£1,15004/250.57 mi-3
£1,00010/240.58 mi-3
£1,00007/240.58 miFrederick Street, Ashton-under-Lyne, Greater Manchester, OL63
£1,25003/250.59 mi-3
£3,10002/250.62 mi-3
£95008/240.62 miStamford Street, Stalybridge, 3

Local Area Statistics

Population in SK15

27,625

Town centre distance

1.13 miles away

Nearest school

0.20 miles away

Nearest train station

0.43 miles away

 

 

Rental growth (12m)

+27%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Listed for £165,000

October 29, 2024

Floor Plans

Description

  • Three Bedroom Mid Terraced Property +
  • Fitted Dining Kitchen +
  • Upvc Double Glazed & Central Heated +
  • Newly Carpeted & Decorated Throughout +
  • Garden Yard To Rear +
  • Popular Cobbled Street +

Ideally located on this lovely cobbled street in Stalybridge is this deceptively spacious three bedroom mid terraced property offering ready to move into accommodation of which only a full personal inspection will fully reveal.

The well planned accommodation has been well cared for and newly decorated and carpeted by the present owner and is offered for sale "Chain Free" and briefly comprises: To the ground floor: Lovely sized living room and fitted kitchen dining room, whilst to the first floor there are three good sized bedrooms and contemporary fitted bathroom suite. The property has a good sized garden yard to the rear and is further complemented by Upvc double glazed and gas central heating.

"Chain Free" View Early To Avoid Disappointment!

Ground Floor -

Lounge - 3.88m x 3.91m (12'9" x 12'10") - Upvc double glazed front and window to front, fitted recess fitted feature living flame gas fire, wall light points, meter cupboards, newly decorated and carpeted, ceiling cornices, radiator.

Kitchen/Dining Room - 3.37m x 3.91m (11'1" x 12'10") - Fitted with a matching range of base and wall units incorporating a single drainer sink unit and worktops over, fitted four ring gas hob with extractor hood above and electric oven below, space for fridge/freezer, plumbing and space for automatic washing machine, Upvc double glazed window to the rear elevation, Upvc double glazed door to the rear garden, new flooring and decorated, open plan staircase to the first floor and radiator.

First Floor -

Landing - Access to roof void.

Bedroom 1 - 3.88m x 3.91m (12'9" x 12'10") - Great sized master bedroom with Upvc double glazed window to front, newly carpeted and decorated, radiator.

Bedroom 2 - 3.37m x 2.43m (11'1" x 8'0") - Another great sized bedroom with Upvc double glazed window to rear, newly carpeted and decorated, cupboard housing gas central heating boiler, radiator.

Bedroom 3 - 3.37m x 2.26m (11'1" x 7'5") - Upvc double glazed window to rear, newly carpeted and decorated, radiator.

Bathroom/Wc - Contemporary fitted bathroom suite in white with panelled bath with shower screen and mixer tap shower over, vanity wash hand basin, low level WC, fully tiled walls, new flooring and decorated, Upvc double glazed window to the rear, over stairs storage cupboard and radiator.

Outside -

Garden - To the rear is a good sized paved garden yard area with walled boundaries and gate to the side

Disclaimer - Home Estate Agents believe all the particulars given to be accurate. They have not tested or inspected any equipment, apparatus, fixtures or fittings and cannot, therefore, offer any proof or confirmation as to their condition or fitness for purpose thereof. The purchaser is advised to obtain the necessary verification from the solicitor or the surveyor. All measurements given are approximate and for guide purposes only and should not be relied upon as accurate for the purpose of buying fixtures, floor-coverings, etc. The buyer should satisfy him/her self of all measurements prior to purchase.

Before we can accept an offer for any property we will need certain information from you which will enable us to qualify your offer. If you are making a cash offer which is not dependent upon the sale of another property we will require proof of funds. You should be advised that any approach to a bank, building society or solicitor before we have qualified your offer may result in legal or survey fees being lost. In addition, any delay may result in the property being offered to someone else.

Agent Details

Home Estate Agents Ltd, Stalybridge

0161 524 4847

Next Steps?

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