3 Bed Terraced House, Refurb/BRRR, Stockport, SK4 4HL, £375,000

4b Stanley Road, Heaton Moor, Stockport, SK4 4HL - 2 views - 5 months ago

Sold STC
Refurb/BRRR
~93 m²
+16 photos

ValuationFair Value

Sold Prices£255K - £590K
Sold Prices/m²£2.1K/m² - £8.8K/m²

 

 

Square Metres

~93 m²
Price/m²£4K/m²

Value Estimate

£379,076

 

 

End Value (After Refurb)

£358,813

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£39,290

Bridging Loan Interest

£9,844

Total Cash In

£163,334

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£358,813

Mortgage (After Refinance)

£269,110

Mortgage LTV

75%

Cash Left In

£163,334

Equity

£89,703

Rent Range

£1,150 - £2,000

Rent Estimate

£1,455

Running Costs/mo

£1,432

Cashflow/mo

£23

Cashflow/yr

£272

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £255K to £590K, average is £415K. £2.1K/m² to £8.8K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£458K02/210.08 mi34, Napier Road, Stockport, Greater Manchester SK4 4HG3
£440.5K12/200.13 mi3, Mentone Road, Stockport, Greater Manchester SK4 4HF3
£530K06/210.15 mi40, Alan Road, Stockport, Greater Manchester SK4 4LE3
£465K12/220.17 mi27, Whitley Road, Stockport, Greater Manchester SK4 4HQ3
£404K12/200.17 mi11, Whitley Road, Stockport, Greater Manchester SK4 4HQ3
£357K06/210.18 mi43, Mentone Road, Stockport, Greater Manchester SK4 4HF3
£517K11/200.19 mi5, Clarendon Avenue, Stockport, Greater Manchester SK4 4HX3
£435K05/230.22 mi4, Portland Grove, Stockport, Greater Manchester SK4 4AA3
£392.5K12/200.22 mi8, Portland Grove, Stockport, Greater Manchester SK4 4AA3
£355K04/230.22 mi11, Portland Grove, Stockport, Greater Manchester SK4 4AA3
£475K12/220.23 mi5, Park Grove, Stockport, Greater Manchester SK4 4BG3
£533K03/210.26 mi50, Gladstone Grove, Stockport, Greater Manchester SK4 4DA3
£485.3K02/210.27 mi49, Buckingham Road West, Stockport, Greater Manchester SK4 4BA3
£352.6K03/210.27 mi1c, Derby Road, Stockport, Greater Manchester SK4 4NE3
£590K07/230.29 mi58, Buckingham Road West, Stockport, Greater Manchester SK4 4BT3
£340K10/200.31 mi1, Evesham Avenue, Stockport, Greater Manchester SK4 3LQ3
£302K12/200.31 mi83, Warwick Road, Stockport, Greater Manchester SK4 2NL3
£340K05/210.32 mi7, Chinley Close, Stockport, Greater Manchester SK4 4ER3
£460K06/210.33 mi11, Grosvenor Road, Stockport, Greater Manchester SK4 4EE3
£498K12/220.34 mi24, Whitelow Road, Stockport, Greater Manchester SK4 4BY3
£495K03/230.34 mi9, Whitelow Road, Stockport, Greater Manchester SK4 4BY3
£485K06/210.36 mi9, Alvaston Avenue, Stockport, Greater Manchester SK4 4EW3
£377.5K06/230.36 mi13, Barnard Avenue, Stockport, Greater Manchester SK4 4EP3
£500K02/230.37 mi8, Alderdale Drive, Stockport, Greater Manchester SK4 4AS3
£375K02/210.37 mi214, Green Lane, Stockport, Greater Manchester SK4 2NF3
£280K03/210.38 mi11, The Square, Stockport, Greater Manchester SK4 2NW3
£435K02/210.38 mi24, Balmoral Road, Stockport, Greater Manchester SK4 4EB3
£415K01/210.38 mi44, Albert Road, Stockport, Greater Manchester SK4 4EG3
£255K01/210.39 mi2, Grosvenor Road, Stockport, Greater Manchester SK4 4ED3
£490K02/210.39 mi8, Fullerton Road, Stockport, Greater Manchester SK4 4EN3
£500K10/220.4 mi10, St James Road, Stockport, Greater Manchester SK4 4RE3
£505.5K03/210.4 mi8, Alexandra Road, Stockport, Greater Manchester SK4 2QE3
£400K04/210.4 mi4, Alexandra Road, Stockport, Greater Manchester SK4 2QE3
£475.6K12/200.4 mi3, Alexandra Road, Stockport, Greater Manchester SK4 2QE3
£385K01/210.42 mi15, Fullerton Road, Stockport, Greater Manchester SK4 4ET3
£447.4K04/210.42 mi48, Heaton Road, Stockport, Greater Manchester SK4 4JJ3
£550K04/210.42 mi7, Sutton Road, Stockport, Greater Manchester SK4 2PR3
£500K09/220.43 mi12, Warwick Road, Stockport, Greater Manchester SK4 4NQ3
£430K04/210.44 mi8, Pendennis Road, Stockport, Greater Manchester SK4 2QA3
£365K08/210.45 mi54, Moorside Road, Stockport, Greater Manchester SK4 4DS3
£375K06/210.45 mi45, Moorside Road, Stockport, Greater Manchester SK4 4DS3
£400K04/230.45 mi44, Moorside Road, Stockport, Greater Manchester SK4 4DS3
£355K10/210.45 mi46, Moorside Road, Stockport, Greater Manchester SK4 4DS3
£415K06/210.45 mi24, Ashburn Road, Stockport, Greater Manchester SK4 2PS3
£310K03/230.45 mi44, Norris Hill Drive, Stockport, Greater Manchester SK4 2NR3
£362K06/210.46 mi52, Winchester Drive, Stockport, Greater Manchester SK4 2NU3
£326K03/210.46 mi29, Winchester Drive, Stockport, Greater Manchester SK4 2NU3
£379.5K12/200.46 mi35, Winchester Drive, Stockport, Greater Manchester SK4 2NU3
£337K04/210.46 mi42, Winchester Drive, Stockport, Greater Manchester SK4 2NU3
£315K11/200.46 mi50, Winchester Drive, Stockport, Greater Manchester SK4 2NU3

Local Rents

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

RentDateDistanceAddressBeds 
£1,35009/240.08 miHeaton Moor Road, Heaton Moor, Stockport, SK43
£1,25002/240.16 mi-3
£1,98008/240.16 mi-3
£1,40008/240.21 miShaw House, Shaw Road, Heaton Moor3
£1,15009/240.25 miHeaton Moor Road, Heaton Moor, Stockport, SK43
£1,50008/240.27 mi-3
£1,29510/240.3 mi-3
£1,30008/240.31 mi-3
£2,00008/240.51 miEgerton Road North, Heaton Moor, Stockport3
£1,50008/240.54 miNursery Road, Heaton Norris, Stockport3
£1,64508/240.58 miDidsbury Road, Heaton Mersey, Stockport, SK43
£1,40008/240.6 mi-3
£1,40008/240.6 miHarrow Drive, Stockport, SK43

Local Area Statistics

Population in SK4

34,510

Population in Stockport

181,140

Town centre distance

3.18 miles away

Nearest school

0.30 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-9%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £375,000

November 14, 2024

Floor Plans

Description

  • Modern End Mews +
  • Three Bedrooms +
  • Superb Location +
  • In Need Of Updating +
  • Drive & Garage +
  • Huge Potential +
  • Southerly Facing At Rear +
  • No Chain Involved +

A modern THREE BEDROOM END MEWS PROPERTY ideally situated right in the heart of Heaton Moor within walking distance of both ends of "The Moor" where local shops, bars, restaurants and cafes will be found as well as the beautiful Savoy cinema. For the commuter there are buses running along Heaton Moor Road and Heaton Chapel train station is just a 0.5 mile stroll away and operates into both Stockport and Manchester centres. The accommodation needs updating but all the ingredients are there for a purchaser to carry out improvements to their own taste and requirements. There is also a small rear extension providing a utility and downstairs wc. Gas central heating is installed and the windows are double glazed. The property is set back from the road allowing ample off road parking with the further advantage of an attached garage with a rear door to it leading directly into the porch. A further benefit to being the end mews is a path down the side of the house which leads to the enclosed rear garden area with a southerly aspect. Freehold. Council tax band C. No chain involved.

Agent Details

John Mellor Independent Estate Agents, Heaton Moor

0161 524 4074

Next Steps?

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