2 Bed Terraced House, Planning Permission, Stockport, SK5 6UQ, £130,000

Melbourne Street, Reddish, SK5 6UQ - 1 views - 4 months ago

Sold STC
Leasehold
Planning
ROI: 9%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£122K - £295.8K
Sold Prices/m²£1.6K/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£159,524
BMV23%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Total Cash In

£37,600

 

 

Cash Out

 

Rent Range

£850 - £1,300

Rent Estimate

£895

Running Costs/mo

£605

Cashflow/mo

£290

Cashflow/yr

£3,477

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £122K to £295.8K, average is £165.8K. £1.6K/m² to £4.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£158K11/200.03 mi17, Ainsdale Grove, Stockport, Greater Manchester SK5 6UF2
£160K02/210.1 mi170, Gorton Road, Stockport, Greater Manchester SK5 6UJ2
£140.6K11/200.11 mi70, Naseby Road, Stockport, Greater Manchester SK5 6EH2
£140K01/210.13 mi135, Harcourt Street, Stockport, Greater Manchester SK5 6UN2
£185.5K01/210.14 mi72, Naseby Road, Stockport, Greater Manchester SK5 6EJ2
£175K10/210.15 mi7, Asquith Street, Stockport, Greater Manchester SK5 6UR2
£140K04/210.15 mi10, Asquith Street, Stockport, Greater Manchester SK5 6UR2
£145K02/210.16 mi14, Luton Road, Stockport, Greater Manchester SK5 6AG2
£177K06/210.17 mi4, Barlow Fold Road, Stockport, Greater Manchester SK5 6TY2
£166K03/210.17 mi45, Finsbury Road, Stockport, Greater Manchester SK5 6EZ2
£155K02/210.17 mi4, Finsbury Road, Stockport, Greater Manchester SK5 6EZ2
£170K08/230.19 mi12, Burnham Avenue, Stockport, Greater Manchester SK5 6US2
£190K05/230.19 mi3, Burnham Avenue, Stockport, Greater Manchester SK5 6US2
£165.5K12/220.2 mi76, Fovant Crescent, Stockport, Greater Manchester SK5 6HB2
£185K12/200.2 mi42, Fovant Crescent, Stockport, Greater Manchester SK5 6HB2
£150K02/210.22 mi31, David Street, Stockport, Greater Manchester SK5 6BJ2
£161.5K07/210.22 mi65, Naseby Road, Reddish, Stockport, Greater Manchester SK5 6EW2
£170K03/210.23 mi55, Priory Lane, Stockport, Greater Manchester SK5 6HN2
£146K12/220.23 mi34, Moston Street, Stockport, Greater Manchester SK5 6AD2
£210K03/230.23 mi26, Moston Street, Stockport, Greater Manchester SK5 6AD2
£185K08/210.23 mi26, Moston Street, Stockport, Greater Manchester SK5 6AD2
£148K06/210.23 mi15, Bolton Street, Stockport, Greater Manchester SK5 6BE2
£166.5K01/230.23 mi45, Bolton Street, Stockport, Greater Manchester SK5 6BE2
£148K06/210.23 mi15, Bolton Street, Stockport, Greater Manchester SK5 6BE2
£140K12/200.23 mi43, Bolton Street, Stockport, Greater Manchester SK5 6BE2
£122K06/210.23 mi16, Bolton Street, Stockport, Greater Manchester SK5 6BE2
£169K03/230.24 mi229, Gorton Road, Stockport, Greater Manchester SK5 6LQ2
£159K07/210.24 mi42, Mill Lane, Stockport, Greater Manchester SK5 6UU2
£181K10/200.24 mi50, Mill Lane, Stockport, Greater Manchester SK5 6UU2
£170.5K02/210.24 mi21, Mill Lane, Stockport, Greater Manchester SK5 6UU2
£153.4K12/200.24 mi17, Mill Lane, Stockport, Greater Manchester SK5 6UU2
£190K11/210.24 mi64, Harrogate Road, Stockport, Greater Manchester SK5 6HD2
£173K09/210.25 mi245, Gorton Road, Stockport, Greater Manchester SK5 6LQ2
£160K02/230.26 mi82, Harrogate Road, Stockport, Greater Manchester SK5 6EX2
£184.5K03/210.26 mi69, Bedford Street, Stockport, Greater Manchester SK5 6BH2
£295.8K08/210.31 mi15, Hollow Vale Drive, Stockport, Greater Manchester SK5 6YH2
£167K07/230.31 mi15, Lewis Road, Stockport, Greater Manchester SK5 6XB2
£170K06/230.32 mi16, Leaf Street, Stockport, Greater Manchester SK5 6DP2
£141.5K03/210.32 mi16, Leaf Street, Stockport, Greater Manchester SK5 6DP2
£200K05/210.32 mi90, Mill Lane, Stockport, Greater Manchester SK5 6TP2
£223K09/210.32 mi80, Mill Lane, Stockport, Greater Manchester SK5 6TP2
£150K03/230.32 mi32, Denstone Road, Stockport, Greater Manchester SK5 6UY2
£187.3K07/230.32 mi30, Denstone Road, Stockport, Greater Manchester SK5 6UY2
£140K01/210.33 mi6, Margaret Street, Stockport, Greater Manchester SK5 6DN2
£134K01/210.33 mi11, Margaret Street, Stockport, Greater Manchester SK5 6DN2
£128K11/200.34 mi7, Stanhope Street, Stockport, Greater Manchester SK5 7AQ2
£159K02/210.34 mi3, Stanhope Street, Stockport, Greater Manchester SK5 7AQ2
£171K07/210.34 mi28, Stanhope Street, Stockport, Greater Manchester SK5 7AQ2
£167.5K07/230.34 mi312, Gorton Road, Stockport, Greater Manchester SK5 6RN2
£132K03/210.34 mi318, Gorton Road, Stockport, Greater Manchester SK5 6RN2

Local Rents

40 rents from £850/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,00002/250.02 mi-2
£99508/240.05 miSpencer Street, Reddish, Stockport, Greater Manchester, SK52
£99509/240.05 miSpencer Street, Reddish, Stockport, Greater Manchester, SK52
£92508/240.11 mi-2
£1,05008/240.14 miBarlow Lane North, Reddish, Stockport, SK52
£1,10009/240.15 miPriory Lane, Stockport, Cheshire, SK52
£1,27509/240.17 miFinsbury Road, Reddish, Stockport, SK52
£95008/240.18 mi-2
£1,00002/250.19 mi-2
£1,25009/240.21 miPriory Lane, Stockport, Cheshire, SK52
£95009/240.21 mi-2
£1,10003/250.23 mi-2
£1,00003/250.26 mi-2
£1,17508/240.28 miLeamington Road, Reddish, Stockport, SK52
£1,17509/240.28 miLeamington Road, Reddish, Stockport, SK52
£97508/240.33 miVictoria Mill, Houldsworth Square, Reddish, Stockport, SK52
£95009/240.34 mi-2
£1,05008/240.34 miElisabeth Mill, Elisabeth Gardens, Stockport2
£1,10009/240.35 miLindfield Road, Reddish, Stockport, SK52
£1,00004/250.35 mi-2
£99509/240.36 miElisabeth Gardens, Reddish, Stockport2
£1,30002/250.38 mi-2
£1,10009/240.39 miHaddon Grove, Reddish, Stockport, SK52
£89509/240.39 mi-2
£99508/240.39 mi-2
£95008/240.5 miFurnival Street, Stockport, Cheshire, SK52
£89508/240.51 mi-2
£1,05012/240.51 mi-2
£1,00009/240.52 mi-2
£85008/240.52 mi-2
£1,00003/250.52 mi-2
£1,10012/240.54 mi-2
£95003/250.54 mi-2
£97508/240.55 miWindmill Lane, Reddish, Stockport, SK52
£1,25008/240.55 mi-2
£1,00008/240.55 miCarnforth Road SK42
£99508/240.57 miTarvin Avenue, Heaton Chapel, Stockport, SK42
£1,20012/240.59 miHillview Road, Dane Bank 2
£1,05009/240.61 mi-2
£90009/240.62 miGorton Road, Stockport, SK52

Local Area Statistics

Population in SK5

29,538

Population in Stockport

181,140

Town centre distance

3.74 miles away

Nearest school

0.20 miles away

Nearest train station

0.35 miles away

 

 

Rental growth (12m)

+28%

Sales demand

Seller's market

Capital growth (5yrs)

+48%

Property History

Listed for £130,000

December 11, 2024

Floor Plans

Description

  • Period Mid Terrace. +
  • In need of Modernisation. +
  • Two Bedrooms. +
  • Three Piece Bathroom Suite. +
  • Central Reddish Location. +
  • Courtyard Garden. +
  • Close to Transport Links. +
  • Two Reception Rooms. +
  • Offered for sale with No Chain. +
  • Tenure - TBC / EPC - TBC / Council Tax Band - A +

A well proportioned period terrace in need of refurbishment and offered for sale with no onward vendor chain. The property is located in the centre of Reddish Village with the amenities of Houldsworth Square and Morrisons within a short walk. The accommodation comprises of an entrance hallway, living room with fireplace, dining room opening through to a dining room with walk in storage cupboard and fireplace. To the rear is a kitchen with space and plumbing for appliances and opens out on to the rear garden. Upstairs, there are two bedrooms with ample space for bedroom furniture served by a three piece spacious bathroom. Externally, the property is approached with garden frontage with a courtyard garden situated at the rear of the property.  Agents Notes: Material Information Part A: Council Tax Band - A Tenure: Freehold  Material Information Part B: Property Type: Mid Terrace Property Construction: Brick Built with Timber Frame Number of Rooms: Please refer to Floorplan for the number Electricity Supply: Yes Water Supply: Yes Sewerage: Mains Heating: Gas Central Heating with Radiators - Please refer to EPC. Broadband: According to Think Broadband Checker -  FTTP is available dependent on provider. Mobile Signal/Coverage: Voice & Data Available dependent on Provider (Please use link below to check your preferred provider speeds) Parking: On Street  Material Information Part C: Building Safety: No known issues Restrictions: Covenants Apply Flooded: We have been advised the property has never suffered from flooding Flood Risk Rivers & Sea: No risk / Flood Risk Surface Water:  Medium Risk Coastal Erosion Risk: No Planning Permission: Planning Search Accessibility / Adaptions: TBC Coalfield or Mining area: TBC Energy Rating: Waiting to be completed. Material Information: Any Information added by us has been obtained from Land Registry or Sprift, who in turn collect their information from The Land Registry and Local Government sources when relevant. We strongly advise before purchasing you check this data is correct as we cannot be held responsible for displaying the sourced information which may then turn out to be incorrect. Instances of incorrect information may be where the Land Registry has a time lag and the owner of a property has purchased the Freehold but this has not been registered yet, or where the details of the Leasehold are not obvious on the Land Registry. Human error can also account for information being incorrect and we are unable to verify if the data is correct due to how the Land Registry works. Please note, some websites might block our attempts to provide you with links to the relevant information sources, so please contact our office if you need these.

Agent Details

Andrew J Dawson, Cheadle

0161 524 3532

Next Steps?

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