3 Bed Semi-Detached House, Refurb/BRRR, Stockport, SK4 2BJ, £254,500

93 Craig Road, Heaton Mersey, Stockport, SK4 2BJ - 1 views - 5 months ago

Sold STC

Leasehold

Refurb/BRRR

ROI: 1%

~93 m²

+9 photos

ValuationUndervalued

Sold Prices	£145K - £597K
Sold Prices/m²	£1.5K/m² - £5.3K/m²

Square Metres	~93 m²
Price/m²	£2.7K/m²
Value Estimate	£265,200£265,200
BMV	2%

End Value (After Refurb)	£337,809£337,809
Uplift in Value	+30%+30%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£63,625£63,625
Stamp Duty & Legal Fees	£9,500£9,500
Refurb Costs	£39,290£39,290
Bridging Loan Interest	£6,681£6,681
Total Cash In	£120,846£120,846

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£337,809£337,809
Agent Fees (1%)	£3,378£3,378
Bridging Loan	£190,875£190,875
Bridging Loan Interest	£6,681£6,681
Flip Profit	£22,710£22,710

Local Sold Prices

50 sold prices from £145K to £597K, average is £305.8K. £1.5K/m² to £5.3K/m², average is £3.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£278K	05/21	0.07 mi	23, Valley Road, Stockport, Greater Manchester SK4 2BZ	£3,610	77	3	Semi-Detached House
£326K	01/23	0.07 mi	37, Valley Road, Stockport, Greater Manchester SK4 2BZ	£3,622	90	3	Semi-Detached House
£270K	07/21	0.11 mi	60, Valley Road, Stockport, Greater Manchester SK4 2DA	£3,600	75	3	Semi-Detached House
£310K	06/21	0.16 mi	7, Sandringham Drive, Stockport, Greater Manchester SK4 2DE	£3,974	78	3	Detached House
£315K	12/22	0.2 mi	10, Rosewood Avenue, Stockport, Greater Manchester SK4 2DQ	-	-	3	Detached House
£304.6K	01/23	0.21 mi	5, Rosewood Avenue, Stockport, Greater Manchester SK4 2DQ	£4,621	66	3	Detached House
£307K	04/21	0.21 mi	31, Rosewood Avenue, Stockport, Greater Manchester SK4 2DQ	£4,515	68	3	Terraced House
£302K	06/21	0.22 mi	10, Briars Mount, Stockport, Greater Manchester SK4 2EB	£3,974	76	3	Semi-Detached House
£317.5K	03/21	0.22 mi	34, Briars Mount, Stockport, Greater Manchester SK4 2EB	£3,872	82	3	Semi-Detached House
£458K	02/23	0.22 mi	17, Briar Hollow, Stockport, Greater Manchester SK4 2EE	-	-	3	Detached House
£301K	01/23	0.22 mi	47, Boddens Hill Road, Stockport, Greater Manchester SK4 2DG	£4,181	72	3	Terraced House
£279.9K	10/20	0.22 mi	16, Boddens Hill Road, Stockport, Greater Manchester SK4 2DG	£3,636	77	3	Detached House
£279.9K	10/20	0.22 mi	12, Boddens Hill Road, Stockport, Greater Manchester SK4 2DG	£3,003	93	3	Detached House
£350K	06/23	0.22 mi	26, Boddens Hill Road, Stockport, Greater Manchester SK4 2DG	£5,337	66	3	Detached House
£293.9K	01/23	0.26 mi	108, Valley Road, Stockport, Greater Manchester SK4 2DB	£4,459	66	3	Semi-Detached House
£347K	12/20	0.28 mi	69, Boddens Hill Road, Stockport, Greater Manchester SK4 2DG	£3,142	110	3	Semi-Detached House
£270K	04/23	0.32 mi	7, Bramley Crescent, Stockport, Greater Manchester SK4 2AX	£3,103	87	3	Semi-Detached House
£285K	04/23	0.33 mi	21, Branksome Road, Stockport, Greater Manchester SK4 2AG	£3,434	83	3	Semi-Detached House
£150K	05/21	0.36 mi	10, Swythamley Road, Stockport, Greater Manchester SK3 0NE	£1,531	98	3	Semi-Detached House
£455K	04/21	0.36 mi	19, Belldale Close, Stockport, Greater Manchester SK4 3JQ	-	-	3	Detached House
£378K	12/20	0.36 mi	28, Belldale Close, Stockport, Greater Manchester SK4 3JQ	£5,040	75	3	Detached House
£212K	08/23	0.37 mi	4, Meerbrook Road, Stockport, Greater Manchester SK3 0NJ	£2,845	75	3	Semi-Detached House
£327K	05/21	0.4 mi	12, Marcliff Grove, Stockport, Greater Manchester SK4 2AB	£4,037	81	3	Semi-Detached House
£450K	02/21	0.4 mi	31, Marcliff Grove, Stockport, Greater Manchester SK4 2AB	£5,233	86	3	Semi-Detached House
£597K	12/22	0.4 mi	2, Highfield Park, Stockport, Greater Manchester SK4 3HD	£5,017	119	3	Detached House
£550K	01/21	0.4 mi	19, Queens Drive, Stockport, Greater Manchester SK4 3JN	£4,508	122	3	Detached House
£262K	07/23	0.4 mi	59, Stockport Road, Stockport, Greater Manchester SK3 0HZ	£4,031	65	3	Semi-Detached House
£254.9K	05/23	0.4 mi	12, Stockport Road, Stockport, Greater Manchester SK3 0HZ	£1,857	137	3	Semi-Detached House
£240K	02/23	0.4 mi	55, Stockport Road, Stockport, Greater Manchester SK3 0HZ	£2,424	99	3	Semi-Detached House
£285K	03/21	0.41 mi	22, Lodge Court, Stockport, Greater Manchester SK4 3HZ	-	-	3	Terraced House
£475K	09/21	0.42 mi	6, Brompton Road, Stockport, Greater Manchester SK4 3HH	£4,214	113	3	Semi-Detached House
£460K	08/21	0.42 mi	2, Brompton Road, Stockport, Greater Manchester SK4 3HH	-	-	3	Detached House
£387.5K	12/22	0.42 mi	24, Lodge Court, Stockport, Greater Manchester SK4 3HZ	-	-	3	Terraced House
£205K	05/21	0.44 mi	81, Stockport Road, Stockport, Greater Manchester SK3 0JG	-	-	3	Terraced House
£245K	12/20	0.45 mi	144, Didsbury Road, Stockport, Greater Manchester SK4 2HH	£2,753	89	3	Semi-Detached House
£240K	06/21	0.46 mi	8, Hythe Road, Stockport, Greater Manchester SK3 0JQ	-	-	3	Semi-Detached House
£250K	11/20	0.46 mi	4, Hythe Road, Stockport, Greater Manchester SK3 0JQ	£2,404	104	3	Semi-Detached House
£225.5K	06/23	0.47 mi	23, Ash Street, Stockport, Greater Manchester SK3 0JR	£3,221	70	3	Semi-Detached House
£242K	01/21	0.47 mi	5, St Augustines Road, Stockport, Greater Manchester SK3 0JN	£2,782	87	3	Semi-Detached House
£442K	02/21	0.47 mi	65, Curtis Road, Stockport, Greater Manchester SK4 3JU	£3,623	122	3	Semi-Detached House
£253.5K	12/20	0.48 mi	23, Park Drive, Stockport, Greater Manchester SK4 2HJ	£4,089	62	3	Semi-Detached House
£365K	08/21	0.48 mi	54, Moorside Road, Stockport, Greater Manchester SK4 4DS	-	-	3	Terraced House
£375K	06/21	0.48 mi	45, Moorside Road, Stockport, Greater Manchester SK4 4DS	£4,076	92	3	Terraced House
£400K	04/23	0.48 mi	44, Moorside Road, Stockport, Greater Manchester SK4 4DS	£4,396	91	3	Terraced House
£355K	10/21	0.48 mi	46, Moorside Road, Stockport, Greater Manchester SK4 4DS	£4,176	85	3	Terraced House
£400K	12/22	0.48 mi	22, Carlton Road, Stockport, Greater Manchester SK4 3LA	£3,846	104	3	Semi-Detached House
£246.3K	05/21	0.49 mi	8, Kingsland Road, Stockport, Greater Manchester SK3 0NB	£2,539	97	3	Semi-Detached House
£145K	08/21	0.49 mi	7, Garrett Walk, Stockport, Greater Manchester SK3 0LF	-	-	3	Terraced House
£425K	09/21	0.5 mi	17, Carlton Road, Stockport, Greater Manchester SK4 3JZ	-	-	3	Semi-Detached House
£320K	01/23	0.5 mi	30, Dorrington Road, Stockport, Greater Manchester SK3 0PZ	£3,314	97	3	Semi-Detached House

Local Rents

49 rents from £1.1K/mo to £2K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,250	03/25	0.07 mi	-	3	Semi-Detached House
£1,695	08/24	0.22 mi	Leeside, Heaton Mersey, Stockport	3	Detached House
£1,645	08/24	0.34 mi	Didsbury Road, Heaton Mersey, Stockport, SK4	3	Detached House
£1,300	12/24	0.53 mi	Dorrington Road, Stockport, SK3	3	Semi-Detached House
£1,300	12/24	0.55 mi	Stockport Road, Cheadle Heath, Stockport, SK3 0RG	3	Terraced House
£1,300	08/24	0.59 mi	Selsey Avenue, Stockport, Greater Manchester, SK3	3	Detached House
£1,200	08/24	0.62 mi	Birchfield Road, Stockport, Greater Manchester, SK3	3	Terraced House
£1,295	10/24	0.64 mi	-	3	Flat
£1,700	12/24	0.65 mi	Parkway SK3	3	Detached House
£1,495	02/25	0.66 mi	-	3	Detached House
£1,300	08/24	0.66 mi	-	3	Semi-Detached House
£1,300	08/24	0.66 mi	Avondale Road, Stockport, SK3	3	Detached House
£1,750	12/24	0.67 mi	-	3	Detached House
£2,000	03/25	0.67 mi	-	3	Semi-Detached House
£1,300	12/24	0.7 mi	Cheltenham Road, Stockport, Greater Manchester, SK3 0SL	3	House
£1,150	09/24	0.7 mi	Heaton Moor Road, Heaton Moor, Stockport, SK4	3	Flat
£1,390	08/24	0.7 mi	Meltham Close, Stockport, Greater Manchester, SK4	3	Detached House
£1,200	08/24	0.73 mi	Shaftsbury road Cheadle Heath SK3	3	Flat
£1,500	08/24	0.77 mi	Nursery Road, Heaton Norris, Stockport	3	Detached House
£2,000	09/24	0.81 mi	Bluestone Drive, Stockport	3	Bungalow
£1,300	08/24	0.81 mi	-	3	Terraced House
£1,250	08/24	0.82 mi	Chatham Street, Edgeley, Stockport, SK3	3	Terraced House
£1,450	09/24	0.85 mi	Crossgate Mews, Heaton Mersey, Stockport	3	Terraced House
£1,100	08/24	0.86 mi	Gladville Drive, Cheadle, Cheshire, SK8	3	Detached House
£1,750	02/25	0.88 mi	-	3	Semi-Detached House
£1,500	08/24	0.9 mi	Berwick Avenue, Heaton Mersey, Stockport	3	Detached House
£1,300	09/24	0.91 mi	Berwick Avenue, Heaton Mersey, Stockport, SK4	3	Semi-Detached House
£1,450	08/24	0.95 mi	Cuthbert Road, Cheadle, Greater Manchester, SK8	3	Flat
£1,650	01/25	0.96 mi	-	3	Detached House
£1,750	08/24	0.97 mi	-	3	Terraced House
£1,350	08/24	0.97 mi	Kingsleigh Road, Heaton Mersey, Stockport, Greater Manchester, SK4	3	Detached House
£1,350	09/24	0.99 mi	Heaton Moor Road, Heaton Moor, Stockport, SK4	3	Flat
£1,500	08/24	1 mi	-	3	Detached House
£1,600	08/24	1.02 mi	-	3	Detached House
£1,350	04/25	1.03 mi	-	3	Terraced House
£1,390	12/24	1.03 mi	-	3	Terraced House
£1,800	12/24	1.04 mi	-	3	Semi-Detached House
£1,450	12/24	1.04 mi	Sykes Meadow, Stockport, Cheshire, SK3	3	Detached House
£1,350	03/25	1.06 mi	-	3	Terraced House
£1,550	12/24	1.06 mi	Europa Way, Cheadle, Stockport SK3	3	Detached House
£1,250	02/24	1.07 mi	-	3	Flat
£1,980	08/24	1.07 mi	-	3	Terraced House
£1,300	08/24	1.08 mi	Stopford Street, Edgeley	3	Terraced House
£1,400	04/25	1.08 mi	-	3	Semi-Detached House
£1,600	09/24	1.08 mi	Park Road, Cheadle, Greater Manchester, SK8	3	Detached House
£1,100	08/24	1.09 mi	Jennings Street, Stockport, SK3 9BX	3	Terraced House
£1,400	09/24	1.09 mi	Whitehurst Road, Stockport, Cheshire, SK4	3	Semi-Detached House
£1,450	12/24	1.09 mi	Petersburg Road, Edgeley, Stockport, SK3	3	Semi-Detached House
£1,400	08/24	1.11 mi	Shaw House, Shaw Road, Heaton Moor	3	Flat

Local Area Statistics

Population in SK4	34,51034,510
Population in Stockport	181,140181,140
Town centre distance	2.95 miles away2.95 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.07 miles away1.07 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-9%-9%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+31%+31%

Property History

Price changed to £254,500

January 15, 2025

Listed for £260,000

November 8, 2024

Floor Plans

Description

Needs Fully Modernising +
Three Bedrooms +
Large Through Lounge +
Driveway & Garage +
Southerly Facing At Rear +
Huge Potential +

A three bedroom semi detached family home IN NEED OF FULLY MODERNISING THROUGHOUT and offering potential buyers the opportunity to carry out works to their own tastes and requirements. The accommodation comprises a hall, a large through lounge, a kitchen and to the first floor there are three bedrooms and a bathroom. A driveway provides off road parking and leads to an integral brick garage. There is a rear garden which has a southerly aspect and backs on to Mersey Vale Nature Park. Leasehold for the remainder of a 999 year term from 1973 with a ground rent of £18.00 per annum. Council tax band C.

Agent Details

John Mellor Independent Estate Agents, Heaton Moor

0161 524 4074

Next Steps?

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

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3 Bed Semi-Detached House, Refurb/BRRR, Stockport, SK4 2BJ, £254,500

ValuationUndervalued

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Investment Opportunity

Local Sold Prices

Local Rents