2 Bed Terraced House, Refurb/BRRR, Stockport, SK5 7LA, £190,000

Greg Street, Reddish, Stockport, SK5 7LA - 2 views - 4 months ago

Sold STC

Refurb/BRRR

ROI: 3%

~68 m²

+3 photos

ValuationOvervalued

Sold Prices	£120K - £315K
Sold Prices/m²	£1.5K/m² - £4.2K/m²

Square Metres	~68.11 m²
Price/m²	£2.8K/m²
Value Estimate	£169,426£169,426

End Value (After Refurb)	£190,000£190,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£47,500£47,500
Stamp Duty & Legal Fees	£7,200£7,200
Refurb Costs	£28,800£28,800
Bridging Loan Interest	£4,988£4,988
Total Cash In	£90,238£90,238

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£190,000£190,000
Mortgage (After Refinance)	£142,500£142,500
Mortgage LTV	75%75%
Cash Left In	£90,238£90,238
Equity	£47,500£47,500
Rent Range	£695 - £1,250£695 - £1,250
Rent Estimate	£1,032
Running Costs/mo	£820£820
Cashflow/mo	£212£212
Cashflow/yr	£2,542£2,542
ROI	3%3%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £120K to £315K, average is £177.3K. £1.5K/m² to £4.2K/m², average is £2.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£180K	08/21	0.02 mi	3, Greg Street, Stockport, Greater Manchester SK5 7LA	-	-	2	Terraced House
£240K	01/23	0.04 mi	9, Gair Road, Stockport, Greater Manchester SK5 7LF	£4,167	58	2	Semi-Detached House
£175K	12/20	0.05 mi	2, Pensarn Grove, Stockport, Greater Manchester SK5 7LE	£2,966	59	2	Terraced House
£150.5K	06/21	0.08 mi	14, Glaswen Grove, Stockport, Greater Manchester SK5 7LG	-	-	2	Semi-Detached House
£180K	04/23	0.09 mi	23, Melton Street, Stockport, Greater Manchester SK5 7QN	£3,273	55	2	Terraced House
£152K	11/20	0.09 mi	26, Melton Street, Stockport, Greater Manchester SK5 7QN	£2,499	61	2	Terraced House
£129.4K	02/21	0.09 mi	23, Melton Street, Stockport, Greater Manchester SK5 7QN	£2,353	55	2	Terraced House
£193.2K	06/23	0.1 mi	12, Clare Road, Stockport, Greater Manchester SK5 7QW	£2,713	71	2	Terraced House
£165K	01/21	0.1 mi	10, Clare Road, Stockport, Greater Manchester SK5 7QW	£1,939	85	2	Terraced House
£202K	06/23	0.11 mi	37, Gair Road, Stockport, Greater Manchester SK5 7LH	£3,673	55	2	Terraced House
£190K	01/21	0.13 mi	72, Hilda Grove, Stockport, Greater Manchester SK5 7QP	£2,317	82	2	Semi-Detached House
£189.9K	11/20	0.17 mi	52, Birkdale Road, Stockport, Greater Manchester SK5 7LR	£3,015	63	2	Semi-Detached House
£210K	01/21	0.17 mi	64, Birkdale Road, Stockport, Greater Manchester SK5 7LR	£3,559	59	2	Semi-Detached House
£150K	11/20	0.18 mi	97a, Greg Street, Stockport, Greater Manchester SK5 7LN	£1,948	77	2	Terraced House
£150K	08/21	0.19 mi	32, Birkdale Road, Stockport, Greater Manchester SK5 7LU	£2,027	74	2	Semi-Detached House
£174.5K	09/21	0.21 mi	13, Jersey Road, Stockport, Greater Manchester SK5 7QZ	£2,644	66	2	Terraced House
£140K	05/21	0.21 mi	14, Jersey Road, Stockport, Greater Manchester SK5 7QZ	-	-	2	Terraced House
£188K	03/21	0.24 mi	20, Clarendon Street, Stockport, Greater Manchester SK5 7RF	£1,958	96	2	Terraced House
£315K	12/22	0.25 mi	19, Tynedale Close, Stockport, Greater Manchester SK5 7NA	£4,145	76	2	Detached House
£160K	07/21	0.25 mi	19, Baslow Grove, Stockport, Greater Manchester SK5 7NJ	-	-	2	Semi-Detached House
£232.8K	04/23	0.25 mi	6, Baslow Grove, Stockport, Greater Manchester SK5 7NJ	-	-	2	Terraced House
£182K	06/23	0.25 mi	17, Baslow Grove, Stockport, Greater Manchester SK5 7NJ	-	-	2	Terraced House
£180K	07/21	0.25 mi	1, Baslow Grove, Stockport, Greater Manchester SK5 7NJ	-	-	2	Semi-Detached House
£168K	10/21	0.26 mi	30, Redland Avenue, Stockport, Greater Manchester SK5 7JF	£3,151	53	2	Semi-Detached House
£200K	06/23	0.26 mi	5, Redland Avenue, Stockport, Greater Manchester SK5 7JF	£3,704	54	2	Semi-Detached House
£134K	12/20	0.26 mi	20, Redland Avenue, Stockport, Greater Manchester SK5 7JF	£2,528	53	2	Semi-Detached House
£175K	07/21	0.26 mi	7, Redland Avenue, Stockport, Greater Manchester SK5 7JF	£2,966	59	2	Semi-Detached House
£287.5K	07/22	0.27 mi	11, Tynedale Close, Stockport, Greater Manchester SK5 7NA	-	-	2	Detached House
£185K	12/22	0.28 mi	61, Bury Street, Stockport, Greater Manchester SK5 7RE	£2,503	74	2	Terraced House
£193K	07/23	0.29 mi	58, Newark Road, Stockport, Greater Manchester SK5 7NF	£3,509	55	2	Terraced House
£175K	12/22	0.31 mi	33, Reuben Street, Stockport, Greater Manchester SK4 1PS	-	-	2	Terraced House
£131K	12/20	0.31 mi	19, Manvers Street, Stockport, Greater Manchester SK5 7RQ	£1,472	89	2	Terraced House
£135K	11/20	0.32 mi	32, Reuben Street, Stockport, Greater Manchester SK4 1PS	£2,328	58	2	Terraced House
£120K	11/20	0.32 mi	38, Reuben Street, Stockport, Greater Manchester SK4 1PS	£2,105	57	2	Terraced House
£210K	03/21	0.33 mi	8, The Parklands, Stockport, Greater Manchester SK4 1QZ	£4,038	52	2	Semi-Detached House
£175K	01/23	0.33 mi	4, Morton Street, Stockport, Greater Manchester SK4 1PU	£3,017	58	2	Terraced House
£160K	04/21	0.33 mi	16, Morton Street, Stockport, Greater Manchester SK4 1PU	£2,105	76	2	Terraced House
£193K	03/21	0.34 mi	23, Alderley Road, Stockport, Greater Manchester SK5 7NN	£2,881	67	2	Semi-Detached House
£153.5K	12/20	0.36 mi	62, Handforth Road, Stockport, Greater Manchester SK5 7NL	£2,476	62	2	Semi-Detached House
£178K	11/20	0.36 mi	49, Eastcote Road, Stockport, Greater Manchester SK5 7ND	£1,812	98	2	Terraced House
£160K	11/20	0.36 mi	23, Eastcote Road, Stockport, Greater Manchester SK5 7ND	£2,909	55	2	Semi-Detached House
£224.9K	04/23	0.36 mi	7, Eastcote Road, Stockport, Greater Manchester SK5 7ND	£3,460	65	2	Terraced House
£160K	03/21	0.36 mi	64, Handforth Road, Stockport, Greater Manchester SK5 7NL	£2,618	61	2	Terraced House
£210K	11/20	0.38 mi	19, Kingsley Avenue, Stockport, Greater Manchester SK4 1PW	£3,281	64	2	Semi-Detached House
£185K	03/21	0.4 mi	153, Hesketh Street, Stockport, Greater Manchester SK4 1TL	£2,803	66	2	Semi-Detached House
£270K	01/22	0.41 mi	4, St Marys Drive, Stockport, Greater Manchester SK5 7AX	-	-	2	Detached House
£176.5K	07/21	0.41 mi	17, Styal Avenue, Stockport, Greater Manchester SK5 7DF	-	-	2	Semi-Detached House
£197K	04/21	0.42 mi	52, Broadstone Hall Road South, Stockport, Greater Manchester SK5 7DQ	£3,374	58	2	Terraced House
£173K	01/23	0.42 mi	256, Greg Street, Stockport, Greater Manchester SK5 7NB	£3,035	57	2	Terraced House
£127K	03/21	0.42 mi	254, Greg Street, Stockport, Greater Manchester SK5 7NB	£2,240	57	2	Terraced House

Local Rents

25 rents from £695/mo to £1.3K/mo, average is £1K/mo.

Rent	Date	Distance	Address	Beds	Type
£950	08/24	0.04 mi	Bangor Street, Stockport, Greater Manchester, SK5	2	Terraced House
£995	11/24	0.07 mi	-	2	Terraced House
£950	09/24	0.09 mi	Melton Street, Stockport, Cheshire, SK5	2	Terraced House
£950	09/24	0.12 mi	Hilda Grove, Reddish, Stockport, SK5	2	Terraced House
£1,100	08/24	0.12 mi	Broughton Road, Stockport, Greater Manchester, SK5	2	Terraced House
£1,150	08/24	0.13 mi	Hilda Grove, Stockport, Greater Manchester, Cheshire, SK5	2	Detached House
£950	08/24	0.24 mi	Baslow Grove, Stockport, Cheshire, SK5	2	Terraced House
£1,000	09/24	0.25 mi	Baslow Grove, Stockport, Cheshire, SK5	2	House
£1,125	08/24	0.4 mi	-	2	Terraced House
£950	08/24	0.4 mi	Hesketh Street, Stockport, Greater Manchester, SK4	2	Semi-Detached House
£1,000	09/24	0.42 mi	Burton Street, Heaton Norris, Stockport, Cheshire, SK4	2	Terraced House
£1,100	08/24	0.43 mi	-	2	Terraced House
£1,150	08/24	0.43 mi	Sharples Street, Stockport, Greater Manchester, SK4	2	Terraced House
£1,250	08/24	0.43 mi	Water Street, Stockport, SK1	2	Flat
£1,100	09/24	0.44 mi	Broadstone Hall Road South, South Reddish, Stockport	2	Terraced House
£1,100	08/24	0.44 mi	-	2	House
£1,250	08/24	0.44 mi	-	2	Terraced House
£950	12/24	0.48 mi	-	2	Flat
£1,200	08/24	0.5 mi	Belmont Close, Stockport, Cheshire, SK4	2	Terraced House
£825	11/24	0.51 mi	-	2	Flat
£950	01/24	0.58 mi	-	2	Terraced House
£695	08/24	0.58 mi	-	2	Terraced House
£900	08/24	0.59 mi	Churchill Street, Heaton Norris, Stockport, SK4	2	Terraced House
£1,000	08/24	0.61 mi	Athol Street, Stockport, Greater Manchester, SK4	2	Terraced House
£1,050	09/24	0.62 mi	Churchill Street, Heaton Norris, Stockport, SK4	2	Terraced House

Local Area Statistics

Population in SK5	29,53829,538
Population in Stockport	181,140181,140
Town centre distance	2.62 miles away2.62 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.87 miles away0.87 miles away

Rental growth (12m)	+28%+28%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+48%+48%

Property History

Price changed to £190,000

December 12, 2024

Listed for £200,000

November 27, 2024

Floor Plans

Description

Two Bedroom Period Terrace Home +
Spacious Living Rooms +
Potential Investment +
Two Double Bedrooms +
Private Rear Garden +
Prime Location +

A Charming Two Bedroom Period Terrace located on Greg Street in the popular South Reddish area. Perfect for first-time buyers or potential investors. Sold with no chain!

The property comprises; A bright and spacious living area, with bay fronted windows. A well-appointed kitchen with ample storage and workspace potential. Two generously sized double bedrooms, a family bathroom with a three piece suite. Private garden to the rear, with decking seating area.

Located in a popular residential area, close to local amenities, schools, and transport links. The property requires some modernisation and is sold with no chain.