2 Bed Flat, Single Let, Stockport, SK1 4HE, £120,000

Hall Street, Stockport, SK1 4HE - 5 views - 5 months ago

Leasehold

BTL

ROI: 10%

~68 m²

+2 photos

ValuationUndervalued

Sold Prices	£74.5K - £300K
Sold Prices/m²	£1.4K/m² - £2.9K/m²

Square Metres	~68.11 m²
Price/m²	£1.8K/m²
Value Estimate	£145,200£145,200
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£30,000£30,000
Stamp Duty & Legal Fees	£4,800£4,800
Total Cash In	£34,800£34,800

Cash Out
Rent Range	£800 - £1,395£800 - £1,395
Rent Estimate	£844
Running Costs/mo	£564£564
Cashflow/mo	£280£280
Cashflow/yr	£3,362£3,362
ROI	10%10%
Gross Yield	8%8%

Local Sold Prices

24 sold prices from £74.5K to £300K, average is £144.5K. £1.4K/m² to £2.9K/m², average is £2.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£300K	06/21	0.22 mi	19a, Offerton Lane, Stockport, Greater Manchester SK2 5AA	-	-	2	Flat
£120K	06/21	0.26 mi	62, Marsland Terrace, Stockport, Greater Manchester SK1 4PZ	£2,034	59	2	Flat
£141K	03/23	0.39 mi	Apartment 14, Alder Heights, New Zealand Road, Stockport, Greater Manchester SK1 4AG	-	-	2	Flat
£160K	08/22	0.47 mi	31, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,857	56	2	Flat
£162.3K	10/22	0.47 mi	76, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,386	68	2	Flat
£148K	02/23	0.48 mi	43, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,228	66	2	Flat
£156K	06/23	0.49 mi	59, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,851	55	2	Flat
£140K	09/21	0.49 mi	34, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,456	57	2	Flat
£140K	01/23	0.49 mi	83, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,373	59	2	Flat
£140K	01/23	0.49 mi	1, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,414	58	2	Flat
£140K	01/23	0.49 mi	72, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,333	60	2	Flat
£140K	07/21	0.49 mi	35, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,514	56	2	Flat
£144K	01/21	0.49 mi	48, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,526	57	2	Flat
£74.5K	06/21	0.49 mi	37, Hatters Court, Stockport, Greater Manchester SK1 3EB	£1,355	55	2	Flat
£137.5K	03/21	0.49 mi	47, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,331	59	2	Flat
£145K	04/23	0.49 mi	63, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,685	54	2	Flat
£153.5K	03/23	0.49 mi	86, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,769	55	2	Flat
£125K	02/21	0.57 mi	118a, Lowndes Lane, Stockport, Greater Manchester SK2 6DH	£2,315	54	2	Flat
£136K	05/21	0.66 mi	8, Moreton Lane, Stockport, Greater Manchester SK2 5SW	-	-	2	Flat
£155K	12/22	0.83 mi	Flat 1, Regency Court, Niagara Street, Stockport, Greater Manchester SK2 6EE	-	-	2	Flat
£147K	06/22	0.83 mi	Flat 5, Regency Court, Niagara Street, Stockport, Greater Manchester SK2 6EE	-	-	2	Flat
£185K	12/22	0.85 mi	23, Earl Street, Stockport, Greater Manchester SK3 9JZ	£2,638	70	2	Flat
£152K	04/22	0.85 mi	Flat 3, Regency Court, Niagara Street, Stockport, Greater Manchester SK2 6EE	-	-	2	Flat
£152.5K	10/21	0.9 mi	5, Wildwood Close, Stockport, Greater Manchester SK2 6EX	-	-	2	Flat

Local Rents

50 rents from £800/mo to £1.4K/mo, average is £998/mo.

Rent	Date	Distance	Address	Beds	Type
£1,095	12/24	0.04 mi	Forbes Road, Offerton, Stockport, SK1 4HF	2	Terraced House
£1,100	12/24	0.12 mi	-	2	Terraced House
£950	12/24	0.12 mi	-	2	Terraced House
£1,200	12/24	0.13 mi	Turncroft Lane, Stockport	2	Terraced House
£1,100	12/24	0.15 mi	-	2	Terraced House
£895	04/25	0.16 mi	-	2	Flat
£1,050	12/24	0.17 mi	Celtic Street SK1	2	Terraced House
£950	08/24	0.19 mi	-	2	Terraced House
£950	12/24	0.2 mi	Park Lane Stockport SK1 4JS	2	Flat
£995	08/24	0.2 mi	-	2	Terraced House
£1,095	01/25	0.21 mi	-	2	Terraced House
£1,200	03/25	0.22 mi	-	2	Terraced House
£1,250	04/25	0.22 mi	-	2	Terraced House
£1,000	08/24	0.22 mi	Athens Street, Offerton, Stockport, SK1 4EG	2	Terraced House
£1,100	08/24	0.22 mi	Greystoke Street SK1	2	Terraced House
£950	08/24	0.22 mi	Banks Lane, Offerton, Stockport SK1 4JT	2	Terraced House
£950	08/24	0.25 mi	Glebe Street, Stockport, Greater Manchester, SK1	2	Terraced House
£850	08/24	0.25 mi	Glebe Street, Stockport, Cheshire, SK1	2	Terraced House
£1,000	12/24	0.28 mi	Glebe Street, Offerton	2	Terraced House
£995	12/24	0.29 mi	-	2	Terraced House
£950	08/24	0.3 mi	-	2	Terraced House
£975	12/24	0.31 mi	Banks Lane, Stockport, SK1	2	House
£1,200	03/25	0.33 mi	-	2	Semi-Detached House
£1,000	12/24	0.34 mi	Hempshaw Lane Stockport SK1 4LP	2	Terraced House
£1,150	08/24	0.41 mi	-	2	Flat
£995	12/24	0.45 mi	Upper Brook Street,	2	Terraced House
£1,300	12/24	0.45 mi	Windermere Road, Stockport, SK1	2	Semi-Detached House
£1,000	09/24	0.46 mi	Clovelly Road, Offerton, Stockport	2	Semi-Detached House
£975	12/24	0.48 mi	-	2	Terraced House
£975	12/24	0.48 mi	Hatters Court, Stockport, SK1 3EB	2	Flat
£995	12/24	0.49 mi	Apartment 1 The Thatched House, 74 Churchgate, Stockport, SK1	2	Flat
£1,395	08/24	0.49 mi	Churchgate, Stockport, SK1	2	Flat
£1,000	12/24	0.49 mi	Hatters Court, Stockport, Greater Manchester, SK1	2	Flat
£950	08/24	0.49 mi	Hatters Court, Higher Hillgate	2	Flat
£975	11/23	0.49 mi	Hatters Court, Higher Hillgate, Stockport	2	Flat
£800	08/24	0.52 mi	Welcroft Street, Stockport Town Centre	2	Flat
£850	12/24	0.52 mi	Welcroft Street, Stockport Town Centre	2	Flat
£850	02/25	0.53 mi	-	2	Flat
£850	02/25	0.53 mi	-	2	Flat
£1,100	08/24	0.53 mi	Higher Hillgate, Stockport, Greater Manchester, SK1	2	Flat
£1,100	12/24	0.53 mi	Higher Hillgate, Stockport, Greater Manchester, SK1	2	Flat
£825	08/24	0.54 mi	Birchfield House, Hopes Carr, Stockport	2	Flat
£950	08/24	0.54 mi	Middle Hillgate, Hillgate, Stockport	2	Flat
£1,000	03/25	0.55 mi	-	2	Flat
£895	08/24	0.56 mi	Harrop Street, Stockport	2	Terraced House
£1,150	08/24	0.58 mi	Edward House, Edward Street, Stockport	2	Flat
£1,025	04/25	0.59 mi	-	2	Flat
£850	08/24	0.6 mi	High Street, Stockport	2	Flat
£1,050	04/25	0.61 mi	-	2	Flat
£1,025	11/24	0.62 mi	-	2	Flat

Local Area Statistics

Population in SK1	11,23011,230
Population in Stockport	181,140181,140
Town centre distance	1.25 miles away1.25 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.89 miles away0.89 miles away

Rental growth (12m)	-8%-8%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+44%+44%

Property History

Listed for £120,000

November 29, 2024

Floor Plans

Description

Ground Floor Flat +
Two Double Bedrooms +
Area Popular for Investors +
No Chain +
Gas Central Heating +
Upvc Double Glazing +
Parking to Rear +
Viewing Reccomended +

ENTRANCE VESIBULE Upvc double glazed front door to entrance vestibule, door to rear to lounge.

LOUNGE 11' 2" x 10' 10" (3.4m x 3.3m) Good sized lounge with upvc double glazed window to front and radiator to front. Door to side to kitchen door to rear to inner hallway.

KITCHEN 7' 8" x 7' 3" (2.34m x 2.21m) Full range of base and wall cupboards, coordinated work tops inset sink and taps, plumbed for gas cooker and washing machine. Upvc double glazed window to front.

INNER HALLWAY Doors to bedrooms and bathroom.

BEDROOM ONE 11' 9" x 7' 10" (3.58m x 2.39m) Upvc double glazed window to rear, radiator to rear.

BEDROOM TWO 11' 0" x 7' 2" (3.35m x 2.18m) Upvc double glazed window to rear, radiator to rear.

OUTSIDE To the front of the property there is a small open plan garden whilst to the rear of the property there is a good sized car park for resident only parking.

Agent Details

WPF Properties Ltd, Manchester

0161 524 9220

Next Steps?

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

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