3 Bed Semi-Detached House, Refurb/BRRR, Stalybridge, SK15 3DU, £225,400

Spindle Avenue, Stalybridge, SK15 3DU - 1 views - 6 months ago

Leasehold
Cash
Refurb/BRRR
ROI: 3%
~97 m²
+13 photos

ValuationOvervalued

Sold Prices£85K - £330K
Sold Prices/m²£1.2K/m² - £3.7K/m²

 

 

Square Metres

~97 m²
Price/m²£2.3K/m²

Value Estimate

£213,712

 

 

End Value (After Refurb)

£239,018

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,350

Stamp Duty & Legal Fees

£14,478

Refurb Costs

£40,886

Bridging Loan Interest

£5,917

Total Cash In

£119,381

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£239,018

Mortgage (After Refinance)

£179,264

Mortgage LTV

75%

Cash Released

£10,214

Cash Left In

£109,167

Equity

£59,755

Rent Range

£850 - £2,150

Rent Estimate

£1,279

Running Costs/mo

£1,023

Cashflow/mo

£256

Cashflow/yr

£3,075

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £85K to £330K, average is £203K. £1.2K/m² to £3.7K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£175K12/200.01 mi4, Spindle Avenue, Stalybridge, Greater Manchester SK15 3DU3
£181K02/210.02 mi70, Staley Hall Road, Stalybridge, Greater Manchester SK15 3DT3
£250K01/230.05 mi8, St Pauls Close, Stalybridge, Greater Manchester SK15 3DS3
£225K02/230.05 mi3, St Pauls Close, Stalybridge, Greater Manchester SK15 3DS3
£210K09/210.05 mi91, Staley Hall Road, Stalybridge, Greater Manchester SK15 3DP3
£256.5K08/230.05 mi59, Staley Hall Road, Stalybridge, Greater Manchester SK15 3DP3
£205K11/210.1 mi10, Staley Close, Stalybridge, Greater Manchester SK15 3HJ3
£201K04/230.1 mi11, Staley Close, Stalybridge, Greater Manchester SK15 3HJ3
£226K02/210.19 mi3, Shawfields, Stalybridge, Greater Manchester SK15 2QH3
£230K01/210.22 mi9, Churchbank, Stalybridge, Greater Manchester SK15 2QJ3
£185K03/230.22 mi15, Churchbank, Stalybridge, Greater Manchester SK15 2QJ3
£330K06/210.25 mi25, Walkerwood Drive, Stalybridge, Greater Manchester SK15 2QD3
£262K08/210.25 mi7, Walkerwood Drive, Stalybridge, Greater Manchester SK15 2QD3
£165K05/230.25 mi176, Demesne Drive, Stalybridge, Greater Manchester SK15 2PP3
£85K01/210.25 mi118, Demesne Drive, Stalybridge, Greater Manchester SK15 2PP3
£184K01/210.31 mi278, Huddersfield Road, Stalybridge, Greater Manchester SK15 3DZ3
£144.5K11/200.31 mi38, Flaxfield Avenue, Stalybridge, Greater Manchester SK15 3EG3
£140K12/200.32 mi36, Walker Avenue, Stalybridge, Greater Manchester SK15 2PE3
£222K02/210.33 mi17, Copper Beech Drive, Stalybridge, Greater Manchester SK15 3GN3
£150K02/210.33 mi48, Crantock Drive, Stalybridge, Greater Manchester SK15 3HH3
£300K12/220.33 mi12, Copper Beech Drive, Stalybridge, Greater Manchester SK15 3GN3
£215K11/200.33 mi16, Honeysuckle Drive, Stalybridge, Greater Manchester SK15 2PS3
£248K03/210.33 mi30, Honeysuckle Drive, Stalybridge, Greater Manchester SK15 2PS3
£254K12/200.33 mi11, Heatherside, Stalybridge, Greater Manchester SK15 2QN3
£300K06/230.33 mi11, Heatherside, Stalybridge, Greater Manchester SK15 2QN3
£193K06/210.33 mi42, Crantock Drive, Stalybridge, Greater Manchester SK15 3HH3
£270K07/230.35 mi6, Pear Tree Drive, Stalybridge, Greater Manchester SK15 2PY3
£117K06/210.36 mi3, Demesne Crescent, Stalybridge, Greater Manchester SK15 2PJ3
£117K02/210.37 mi5, Harridge Avenue, Stalybridge, Greater Manchester SK15 3EQ3
£152K12/200.38 mi20, Hawke Street, Stalybridge, Greater Manchester SK15 2PQ3
£310K02/230.39 mi18, Cypress Oaks, Stalybridge, Greater Manchester SK15 3GA3
£210K11/210.39 mi70, Fistral Crescent, Stalybridge, Greater Manchester SK15 3HW3
£227K03/210.39 mi24, Cypress Oaks, Stalybridge, Greater Manchester SK15 3GA3
£140K03/210.41 mi13, Lindsay Street, Stalybridge, Greater Manchester SK15 2LU3
£137.5K04/210.43 mi61, Stocks Lane, Stalybridge, Greater Manchester SK15 2LN3
£192.5K09/210.43 mi74, Stocks Lane, Stalybridge, Greater Manchester SK15 2NU3
£110K02/210.43 mi29, Croft Street, Stalybridge, Greater Manchester SK15 2LX3
£101K11/200.44 mi53, Tatton Street, Stalybridge, Greater Manchester SK15 2LL3
£142.3K05/210.44 mi65, Tatton Street, Stalybridge, Greater Manchester SK15 2LL3
£130K04/230.44 mi51, Tatton Street, Stalybridge, Greater Manchester SK15 2LL3
£228K01/210.45 mi19, Swineshaw Road, Stalybridge, Greater Manchester SK15 3AB3
£155K02/210.45 mi84, Lindsay Street, Stalybridge, Greater Manchester SK15 2NL3
£237.5K06/210.47 mi10, Grove Road, Millbrook, Stalybridge, Greater Manchester SK15 3BE3
£220K03/210.5 mi3, Shaw Moor Avenue, Stalybridge, Greater Manchester SK15 2RB3
£167.5K04/210.51 mi4, Beechwood Avenue, Stalybridge, Greater Manchester SK15 3BX3
£245K05/230.52 mi29, Cocker Hill, Stalybridge, Greater Manchester SK15 1AA3
£275K12/210.52 mi21, Cranworth Street, Stalybridge, Greater Manchester SK15 2NW3
£207.5K02/210.52 mi8, Cranworth Street, Stalybridge, Greater Manchester SK15 2NW3
£190K05/210.52 mi5, Windsor Drive, Stalybridge, Greater Manchester SK15 1BR3
£197.5K01/230.52 mi10, Beechwood Avenue, Stalybridge, Greater Manchester SK15 3BX3

Local Rents

33 rents from £850/mo to £2.1K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20008/240.32 miHuddersfield Road, Stalybridge, Cheshire, SK153
£1,20010/240.33 mi-3
£90011/240.35 mi-3
£90011/240.35 mi-3
£1,15003/250.44 mi-3
£1,00003/250.45 mi-3
£89503/250.48 mi-3
£85008/240.48 miWakefield Road, Stalybridge, Greater Manchester, SK153
£1,15004/250.63 mi-3
£1,10011/230.65 mi-3
£99507/240.65 mi-3
£1,25008/240.67 mi-3
£1,25011/240.67 mi-3
£1,15004/250.67 mi-3
£95008/240.72 miStamford Street, Stalybridge, 3
£1,25004/250.73 mi-3
£1,15004/250.75 mi-3
£1,59508/240.75 miArlies Lane, Stalybridge, Greater Manchester, SK153
£1,40010/240.79 mi-3
£1,20003/250.79 mi-3
£1,40008/240.79 miSchool Crescent, Stalybridge, SK153
£1,35008/240.79 miForester Drive, Stalybridge3
£99504/250.88 mi-3
£95006/230.97 mi-3
£1,60008/241.13 mi-3
£1,80001/251.13 mi-3
£1,49504/251.13 mi-3
£1,35008/241.15 miHawthorn Drive, Stalybridge, SK153
£1,35008/241.16 miHawthorn Drive, Stalybridge3
£1,35009/241.2 miLowfield Avenue, Ashton, 3
£1,20008/241.23 miStamford Close, Stalybridge, Greater Manchester, SK153
£2,15006/241.23 miWillow Wood Close, Ashton-Under-Lyne3
£1,35008/241.24 miLadysmith Road, Ashton U Lyne3

Local Area Statistics

Population in SK15

27,625

Town centre distance

0.10 miles away

Nearest school

0.20 miles away

Nearest train station

0.95 miles away

 

 

Rental growth (12m)

+27%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Price changed to £225,400

December 26, 2024

Listed for £230,000

November 12, 2024

Floor Plans

Description

  • Three Bedroom Modern Quasi Semi Detached Property +
  • Fitted Kitchen +
  • Great Sized Lounge +
  • Gardens & Driveway +
  • Popular Residential Location +
  • Chain Free! Viewing Highly Recommended! +

Located in a popular area in Stalybridge is this three bedroom quasi semi detached property offering family sized accommodation close to schools, local amenities and transport links and only a full personal inspection will fully reveal the accommodation that is on offer.

The well planned and deceptively spacious accommodation is in need of some general updating but has been well cared for by the present owners and briefly comprises: To the ground floor entrance hallway, lovely sized bright and airy lounge through dining room with door to rear garden and a fitted kitchen. Whilst to the first floor there are three good sized bedrooms and four piece family bathroom/WC. To the outside there are good sized gardens to the front with driveway for two vehicles, whilst to the rear is fantastic sized garden. The property is located in a quiet and popular location and is sure to appeal to even the most discerning of purchasers!

"Chain Free" Viewing Highly Recommended!

Ground Floor -

Hallway - 4.39m x 1.37m (14'5" x 4'6") - Upvc double glazed front door, stairs to the first floor, storage cupboard and radiator.

Lounge/Dining Room - 5.17m x 4.99m (17'0" x 16'4") - Window to rear, double glazed door to the rear garden, fitted feature fire surround, dining area with hatch to kitchen, ceiling cornices and radiator.

Kitchen - 2.62m x 3.52m (8'7" x 11'7") - Fitted with a matching range of base and wall units incorporating a 1 1/4 single drainer sink unit and work tops over, fitted four ring electric hob with extractor hood above and electric oven below, part tiled walls, window to front, space for fridge freezer, tiled floor, recess storage cupboard housing the gas central heating boiler.

First Floor -

Landing - Access to roof void

Bedroom 1 - 3.07m x 3.12m (10'1" x 10'3") - Fitted wardrobes and drawer units, window to rear, radiator.

Bedroom 2 - 4.49m x 2.62m (14'9" x 8'7") - Window to front, radiator.

Bedroom 3 - 3.07m x 1.77m (10'1" x 5'10") - Window to rear, radiator.

Bathroom/Wc - Fitted four piece bathroom suite comprising: Panelled bath, separate shower cubicle with mixer shower, vanity wash hand basin, low level WC, tiled walls, tiled floor, window to front and radiator.

Outside -

Gardens & Driveway - To the outside there are good sized gardens to the front with driveway for two vehicles, whilst to the rear is fantastic sized garden.

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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