3 Bed Semi-Detached House, Refurb/BRRR, Stockport, SK2 6AY, £250,000

Oakland Avenue, Offerton, Stockport, SK2 6AY - 1 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~83 m²
+8 photos

ValuationOvervalued

Sold Prices£160K - £487K
Sold Prices/m²£1.7K/m² - £4.8K/m²

 

 

Square Metres

~82.76 m²
Price/m²£3K/m²

Value Estimate

£239,228

 

 

End Value (After Refurb)

£243,345

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£16,200

Refurb Costs

£35,087

Bridging Loan Interest

£6,563

Total Cash In

£122,100

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£243,345

Mortgage (After Refinance)

£182,509

Mortgage LTV

75%

Cash Left In

£122,100

Equity

£60,836

Rent Range

£975 - £1,650

Rent Estimate

£1,282

Running Costs/mo

£1,037

Cashflow/mo

£245

Cashflow/yr

£2,942

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £160K to £487K, average is £277.5K. £1.7K/m² to £4.8K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£370K07/230.03 mi49, Oakland Avenue, Stockport, Greater Manchester SK2 6AY3
£250K02/210.04 mi42, Wellfield Road, Stockport, Greater Manchester SK2 6AT3
£360K05/230.1 mi20, Leyburne Road, Stockport, Greater Manchester SK2 6BA3
£302.5K11/200.1 mi20, Leyburne Road, Stockport, Greater Manchester SK2 6BA3
£260K03/210.1 mi95, Oakland Avenue, Stockport, Greater Manchester SK2 5RD3
£297K11/200.1 mi11, Babbacombe Road, Stockport, Greater Manchester SK2 6AZ3
£329.2K03/210.18 mi27, Hillcrest Road, Stockport, Greater Manchester SK2 5QJ3
£280K10/210.18 mi47, Lisburne Lane, Stockport, Greater Manchester SK2 5RG3
£433K07/230.18 mi26, Offerton Drive, Stockport, Greater Manchester SK2 5QZ3
£487K06/210.18 mi168, Dialstone Lane, Stockport, Greater Manchester SK2 6AU3
£275K12/200.18 mi180, Dialstone Lane, Stockport, Greater Manchester SK2 6AU3
£430K08/230.2 mi16, Hillcrest Road, Stockport, Greater Manchester SK2 5QL3
£160K11/200.21 mi32, Lisburne Lane, Stockport, Greater Manchester SK2 5NP3
£330K10/200.21 mi11, Biddulph Avenue, Stockport, Greater Manchester SK2 7LH3
£267K10/210.22 mi10a, Lisburne Avenue, Stockport, Greater Manchester SK2 5RP3
£304K11/210.22 mi13, Lisburne Avenue, Stockport, Greater Manchester SK2 5RP3
£327.5K01/230.22 mi14, Lisburne Avenue, Stockport, Greater Manchester SK2 5RP3
£400K05/210.23 mi2, Lisburne Lane, Stockport, Greater Manchester SK2 7LJ3
£280K02/210.23 mi46, Broadway, Stockport, Greater Manchester SK2 5SF3
£180.5K09/210.24 mi165, Stainmoor Court, Stockport, Greater Manchester SK2 5LT3
£281K10/210.24 mi19, Beauvale Avenue, Stockport, Greater Manchester SK2 5SJ3
£270K05/230.24 mi13, Beauvale Avenue, Stockport, Greater Manchester SK2 5SJ3
£269K12/220.25 mi4, Beauvale Avenue, Stockport, Greater Manchester SK2 5SJ3
£160K11/210.27 mi51, Winnington Green, Stockport, Greater Manchester SK2 5LX3
£195K09/210.27 mi49, Winnington Green, Stockport, Greater Manchester SK2 5LX3
£187K06/230.27 mi34, Ridding Close, Stockport, Greater Manchester SK2 5LL3
£215K03/210.28 mi15, Hollymount Gardens, Stockport, Greater Manchester SK2 7NE3
£285K04/230.28 mi1, Lindbury Avenue, Stockport, Greater Manchester SK2 5SH3
£275K04/230.29 mi8, Ingle Drive, Stockport, Greater Manchester SK2 5SL3
£297K07/210.3 mi93, Dialstone Lane, Stockport, Greater Manchester SK2 6AF3
£302.5K01/230.3 mi28, Knypersley Avenue, Stockport, Greater Manchester SK2 5SR3
£280K12/200.31 mi34, Akesmoor Drive, Stockport, Greater Manchester SK2 6BU3
£198.5K09/210.31 mi1, Otterburn Place, Stockport, Greater Manchester SK2 5LD3
£232.5K12/200.31 mi42, Hollymount Gardens, Stockport, Greater Manchester SK2 7NF3
£220K12/200.31 mi125, Mile End Lane, Stockport, Greater Manchester SK2 6BY3
£325K08/210.32 mi41, Marple Road, Stockport, Greater Manchester SK2 5EL3
£375K06/220.32 mi36, Marple Road, Stockport, Greater Manchester SK2 5QB3
£251K06/230.34 mi151, Nangreave Road, Stockport, Greater Manchester SK2 6AH3
£257K12/200.34 mi149, Nangreave Road, Stockport, Greater Manchester SK2 6AH3
£261K01/210.34 mi10, Filey Road, Stockport, Greater Manchester SK2 5TW3
£243K03/210.34 mi15, Filey Road, Stockport, Greater Manchester SK2 5TW3
£299.9K06/210.34 mi5, Offerton Fold, Stockport, Greater Manchester SK2 5QA3
£360K02/230.34 mi7, Hollymount Avenue, Stockport, Greater Manchester SK2 7LP3
£190K07/210.34 mi77, Withens Green, Stockport, Greater Manchester SK2 5LW3
£350K03/210.35 mi7, Edenhurst Road, Stockport, Greater Manchester SK2 6BT3
£272K06/210.35 mi2, Hollymount Avenue, Stockport, Greater Manchester SK2 7LP3
£320K02/210.36 mi240, Dialstone Lane, Stockport, Greater Manchester SK2 7LE3
£220K12/200.36 mi12, Borth Avenue, Stockport, Greater Manchester SK2 6AL3
£231K03/210.36 mi117, Lowndes Lane, Stockport, Greater Manchester SK2 6DD3
£245K04/210.36 mi135, Lowndes Lane, Stockport, Greater Manchester SK2 6DD3

Local Rents

34 rents from £975/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,40009/240.15 mi-3
£1,60010/240.18 mi-3
£1,10001/250.27 mi-3
£1,25007/240.28 mi-3
£1,65009/240.32 miMarple Road, Stockport, Greater Manchester, SK23
£1,35008/240.36 mi-3
£1,29504/250.38 mi-3
£1,20008/230.41 mi-3
£1,30006/240.41 mi-3
£1,30011/240.41 mi-3
£1,30004/250.42 mi-3
£1,30003/250.42 mi-3
£1,20011/230.44 miFrome Avenue, Great Moor, Stockport3
£1,35008/240.44 miMaxwell Avenue, Stockport, Cheshire, SK23
£1,35009/240.47 miAldersgate Road, Stockport3
£1,20012/240.47 mi-3
£1,40009/240.47 mi-3
£1,40010/240.47 mi-3
£1,40009/240.47 miDialstone Lane, Stockport, SK23
£1,30008/240.48 miLowndes Lane, Offerton, Stockport, Cheshire, SK23
£1,30008/240.48 mi-3
£1,30008/240.48 mi-3
£1,20008/240.5 miBowland Close SK23
£1,35010/240.51 mi-3
£1,35004/250.51 mi-3
£1,20009/240.55 miBoothby Street, Stockport, SK23
£1,10010/240.55 mi-3
£1,09502/240.55 mi-3
£1,19510/240.55 mi-3
£1,15008/230.56 mi-3
£1,25012/240.58 mi-3
£1,25012/240.58 miBanks Lane, Stockport, SK13
£97511/230.61 mi-3
£1,25004/250.61 mi-3

Local Area Statistics

Population in SK2

29,451

Population in Stockport

181,140

Town centre distance

0.40 miles away

Nearest school

0.40 miles away

Nearest train station

0.85 miles away

 

 

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+36%

Property History

Listed for £250,000

December 4, 2024

Floor Plans

Description

  • IN NEED OF FULL MODERNISATION +
  • THREE BEDROOM SEMI DETACHED PROPERTY +
  • GENEROUS GARDEN +
  • DETACHED GARAGE +
  • GREAT POTENTIAL +
  • SHORT DISTANCE TO LOCAL SHOPS & SCHOOLS +

A GREAT INVESTMENT OPPORTUNITY TO PURCHASE THIS THREE BEDROOM SEMI DETACHED PROPERTY IN NEED OF FULL MODERNISATION, SITUATED CLOSE BY TO LOCAL SHOPS, SCHOOLS AND EXCELLENT BUS ROUTES.

In brief the property comprises; entrance hallway with staircase leading to the first floor; spacious living room through to dining area with views to both the front and rear; separate kitchen with outside access. To the first floor are three well proportioned bedrooms, two of which are generous doubles. There is a three piece bathroom comprising bath, hand wash basin and WC. Externally to the front, the property benefits from a driveway and lawned front garden, to the rear is an extensive private garden featuring detached garage.

Tenure - Freehold Council Tax Band - C EPC - TBC Property construction - Brick

Utilities: Water supply - Mains Electricity Supply - Mains Sewerage - Mains Heating -None

Parking - Driveway/Garage Estimate Broadband Speeds Overall - Highest available download speed 1000 Mbps Mobile Phone coverage - Limited/Likely

Any other relevant building information we are aware of: Please be advised there is no gas central heating Rights and restrictions we are aware of - None Has the property flooded in the last 5 years - No

Agent Details

Lawler & Co, Hazel Grove

0161 524 8681

Next Steps?

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