3 Bed Terraced House, Refurb/BRRR, Stockport, SK2 6QP, £220,000

312 Shaw Heath, Stockport - 5 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+9 photos

ValuationUndervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£14,100

Refurb Costs

£39,428

Bridging Loan Interest

£5,775

Total Cash In

£116,053

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£228,578

Mortgage (After Refinance)

£171,434

Mortgage LTV

75%

Cash Released

£6,434

Cash Left In

£109,620

Equity

£57,145

Rent Range

£950 - £1,500

Rent Estimate

£1,298

Running Costs/mo

£994

Cashflow/mo

£304

Cashflow/yr

£3,649

ROI

3%

Gross Yield

7%













Local Rents

21 rents from £950/mo to £1.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,50004/250.06 mi-3
£95009/240.12 miLowfield Road, Shaw Heath, Stockport3
£1,30008/240.16 miRange Road, Stockport, Greater Manchester, SK33
£1,20008/240.25 mi-3
£1,00012/240.3 mi1 York Street, Stockport3
£1,35012/240.37 mi-3
£1,17508/240.38 mi-3
£1,30008/240.41 miStopford Street, Edgeley3
£1,45008/240.44 mi-3
£1,47508/240.44 mi-3
£1,10008/240.45 miJennings Street, Stockport, SK3 9BX3
£1,39508/240.45 mi-3
£1,39508/240.45 miNewsham Road, Stockport, SK33
£1,35003/250.47 mi-3
£1,35004/250.49 mi-3
£1,30008/240.52 mi-3
£1,30008/240.54 miBrookfield Avenue, Offerton, Stockport3
£1,35012/240.55 miRoslyn Road, Stockport, Cheshire, SK33
£1,40004/250.61 mi-3
£1,42511/230.61 miCountess Street, Heaviley, SK2 6HD3
£1,25010/240.61 mi-3

Local Area Statistics

Population in SK2

29,451

Population in Stockport

181,140

Town centre distance

1.47 miles away

Nearest school

0.20 miles away

Nearest train station

0.37 miles away

 

 

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+36%

Property History

Listed for £220,000

November 20, 2024

Floor Plans

Description

Spacious 3-Bed Mid-Terrace with Enormous Potential in Stockport

Nestled in one of Stockport's sought-after neighbourhoods, this substantial 3-bedroom mid-terrace offers an exciting opportunity for those eager to create their dream home. With fantastic bones and room to personalise, it’s ideal for anyone with an eye for renovation.

Inside, the property features two generously-sized living rooms, each with charming feature fireplaces, setting the stage for cosy gatherings. The home offers three bedrooms, giving ample space for families or those needing a home office or guest room. It also benefits from a separate utility room. Outside, you'll find a private garden, perfect for relaxation or entertaining, along with convenient parking – a prized feature in this popular area.

Ideally located close to Stockport train station, excellent transport links, and a variety of local amenities, this property combines the best of convenience and potential. Perfect for those ready to invest in their vision, this Stockport gem awaits a fresh lease on life!

Call the office today to secure your viewing on

Reception Room 1 - 3.67m x 4.57m (12'0" x 14'11" ) - 3.67m X 4.47m

Reception Room 2 - 4.07m x 5.09m (13'4" x 16'8" ) - 4.07m x 5.09m

Kitchen - 2.64m x 2.96m (8'7" x 9'8" ) - 2.64m x 2.96m

Utility Room - 2.64m x 2.12m (8'7" x 6'11" ) - 2.64m x 2.12m

Bedroom 1 - 3.45m x 4.12m (11'3" x 13'6" ) - 3.45m x 4.12m

Bedroom 2 - 3.45m x 5.08m (11'3" x 16'7" ) - 3.45m x 5.08m

Bedroom 3 - 1.60m x 3.08m (5'2" x 10'1" ) - 1.60m x 3.08m

Bathroom - 2.64m x 3.08m (8'7" x 10'1" ) - 2.64m x 3.08

Anti Money Laundering Checks - Please be advised that, in accordance with legal requirements and to maintain compliance with Anti-Money Laundering regulations, prospective buyers are obligated to undergo AML checks upon acceptance of their offer for the property listed in this brochure.

These AML checks are a mandatory part of the property transaction process and are designed to prevent and detect potential money laundering activities. The cost associated with each AML check is £30 per applicant, and this fee will be charged to the respective individuals undergoing the checks.

Please note that failure to comply with these AML checks may result in delays or complications in the completion of the property transaction.

Agent Details

Spencer Harvey, Stockport

0161 524 9499

Next Steps?

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