3 Bed Semi-Detached House, Refurb/BRRR, Stockport, SK2 5SH, £275,000

Lindbury Avenue, Stockport, SK2 5SH - 1 views - 5 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 2%
~87 m²
+5 photos

ValuationOvervalued

Sold Prices£141K - £487K
Sold Prices/m²£2K/m² - £5.6K/m²

 

 

Square Metres

~86.68 m²
Price/m²£3.2K/m²

Value Estimate

£263,840

 

 

End Value (After Refurb)

£254,941

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£36,749

Bridging Loan Interest

£7,219

Total Cash In

£133,168

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£254,941

Mortgage (After Refinance)

£191,206

Mortgage LTV

75%

Cash Left In

£133,168

Equity

£63,735

Rent Range

£1,100 - £1,650

Rent Estimate

£1,316

Running Costs/mo

£1,080

Cashflow/mo

£236

Cashflow/yr

£2,833

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £141K to £487K, average is £269.5K. £2K/m² to £5.6K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£275K04/230.02 mi8, Ingle Drive, Stockport, Greater Manchester SK2 5SL3
£285K04/230.05 mi1, Lindbury Avenue, Stockport, Greater Manchester SK2 5SH3
£302.5K01/230.05 mi28, Knypersley Avenue, Stockport, Greater Manchester SK2 5SR3
£269K12/220.05 mi4, Beauvale Avenue, Stockport, Greater Manchester SK2 5SJ3
£281K10/210.07 mi19, Beauvale Avenue, Stockport, Greater Manchester SK2 5SJ3
£270K05/230.07 mi13, Beauvale Avenue, Stockport, Greater Manchester SK2 5SJ3
£297K07/210.08 mi93, Dialstone Lane, Stockport, Greater Manchester SK2 6AF3
£261K01/210.12 mi10, Filey Road, Stockport, Greater Manchester SK2 5TW3
£243K03/210.12 mi15, Filey Road, Stockport, Greater Manchester SK2 5TW3
£220K12/200.13 mi12, Borth Avenue, Stockport, Greater Manchester SK2 6AL3
£215K04/210.13 mi528, Hempshaw Lane, Stockport, Greater Manchester SK2 5TL3
£280K02/210.13 mi46, Broadway, Stockport, Greater Manchester SK2 5SF3
£250K10/200.15 mi15, Borth Avenue, Stockport, Greater Manchester SK2 6AJ3
£291K12/220.15 mi1, Borth Avenue, Stockport, Greater Manchester SK2 6AJ3
£345K03/230.15 mi43, Borth Avenue, Stockport, Greater Manchester SK2 6AJ3
£254K04/230.15 mi22, Worsley Crescent, Stockport, Greater Manchester SK2 6AE3
£299.9K06/210.16 mi5, Offerton Fold, Stockport, Greater Manchester SK2 5QA3
£240K05/230.17 mi49, Lowndes Close, Offerton, Stockport, Greater Manchester SK2 6DW3
£251K06/230.19 mi151, Nangreave Road, Stockport, Greater Manchester SK2 6AH3
£257K12/200.19 mi149, Nangreave Road, Stockport, Greater Manchester SK2 6AH3
£180.5K11/200.19 mi2, Torbay Drive, Stockport, Greater Manchester SK2 6AB3
£207.5K03/210.19 mi6, Torbay Drive, Stockport, Greater Manchester SK2 6AB3
£280K03/210.19 mi15, Torbay Drive, Stockport, Greater Manchester SK2 6AB3
£280K02/210.2 mi65, Offerton Lane, Stockport, Greater Manchester SK2 5BS3
£375K06/220.2 mi36, Marple Road, Stockport, Greater Manchester SK2 5QB3
£430K08/230.21 mi16, Hillcrest Road, Stockport, Greater Manchester SK2 5QL3
£329.2K03/210.24 mi27, Hillcrest Road, Stockport, Greater Manchester SK2 5QJ3
£394K05/230.25 mi16, Fortescue Road, Stockport, Greater Manchester SK2 5DW3
£257.1K09/220.26 mi32, Bleatarn Road, Stockport, Greater Manchester SK1 4NP3
£250K02/210.26 mi42, Wellfield Road, Stockport, Greater Manchester SK2 6AT3
£160K03/210.27 mi48, Banks Lane, Stockport, Greater Manchester SK1 4JX3
£280K06/210.27 mi104, Northcliffe Road, Stockport, Greater Manchester SK2 5AN3
£188K02/230.28 mi19, Bleatarn Road, Stockport, Greater Manchester SK1 4NP3
£250K12/220.28 mi8, Chorlton Grove, Stockport, Greater Manchester SK1 4PT3
£290K07/210.29 mi37, Woodlands Drive, Stockport, Greater Manchester SK2 5AJ3
£235K12/220.3 mi8, Firwood Close, Stockport, Greater Manchester SK2 5BN3
£210K05/210.3 mi6, Firwood Close, Stockport, Greater Manchester SK2 5BN3
£230K08/210.3 mi1, Firwood Close, Stockport, Greater Manchester SK2 5BN3
£283.5K03/230.3 mi133, Lowndes Lane, Stockport, Greater Manchester SK2 6DD3
£231K03/210.3 mi117, Lowndes Lane, Stockport, Greater Manchester SK2 6DD3
£245K04/210.3 mi135, Lowndes Lane, Stockport, Greater Manchester SK2 6DD3
£289K03/230.3 mi127, Lowndes Lane, Stockport, Greater Manchester SK2 6DD3
£487K06/210.3 mi168, Dialstone Lane, Stockport, Greater Manchester SK2 6AU3
£275K12/200.3 mi180, Dialstone Lane, Stockport, Greater Manchester SK2 6AU3
£210K12/200.3 mi89, Windermere Road, Stockport, Greater Manchester SK1 4NN3
£325K08/210.3 mi41, Marple Road, Stockport, Greater Manchester SK2 5EL3
£325K09/220.31 mi7, Sylvester Avenue, Stockport, Greater Manchester SK2 6DJ3
£370K07/230.31 mi49, Oakland Avenue, Stockport, Greater Manchester SK2 6AY3
£220K12/200.32 mi125, Mile End Lane, Stockport, Greater Manchester SK2 6BY3
£141K04/210.32 mi7, Marsland Terrace, Stockport, Greater Manchester SK1 4PZ3

Local Rents

24 rents from £1.1K/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,29504/250.1 mi-3
£1,40009/240.18 mi-3
£1,40010/240.18 mi-3
£1,40009/240.18 miDialstone Lane, Stockport, SK23
£1,65009/240.2 miMarple Road, Stockport, Greater Manchester, SK23
£1,30008/240.23 miLowndes Lane, Offerton, Stockport, Cheshire, SK23
£1,60010/240.24 mi-3
£1,40009/240.28 mi-3
£1,25012/240.28 mi-3
£1,25012/240.28 miBanks Lane, Stockport, SK13
£1,30008/240.38 miNorthcliffe Road, Offerton, Stockport, SK2 5AH3
£1,35009/240.43 miAldersgate Road, Stockport3
£1,30008/240.45 mi-3
£1,30008/240.45 mi-3
£1,33012/240.48 mi-3
£1,30010/240.5 mi-3
£1,10001/250.54 mi-3
£1,30003/250.55 mi-3
£1,30008/240.55 miBrookfield Avenue, Offerton, Stockport3
£1,25007/240.57 mi-3
£1,10008/240.6 mi-3
£1,20012/240.6 mi-3
£1,20011/230.61 miFrome Avenue, Great Moor, Stockport3
£1,30011/240.61 mi-3

Local Area Statistics

Population in SK2

29,451

Population in Stockport

181,140

Town centre distance

0.68 miles away

Nearest school

0.40 miles away

Nearest train station

0.96 miles away

 

 

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+36%

Property History

Listed for £275,000

December 11, 2024

Floor Plans

Description

  • Walking Distance to Banks Lane Infant & Junior School +
  • Within Close Proximity to Stockport Grammar School & Stockport Secondary School +
  • Excellent Potential to Extend (STPP) +
  • Three Bedroom Semi Detached Family Home +
  • Spacious Private Rear Garden with Detached Single Garage +
  • No Onward Chain +

No Onward Chain. This three bedroom semi detached property offers excellent family accommodation throughout. Whilst requiring selective modernisation the property offers a fantastic opportunity to further extend and develop (STPP). The property occupies a great location close to excellent Primary & Secondary Schools.

This bay fronted semi detached family home is approached by a long driveway leading to a single detached garage, providing ample off road parking. A wonderful lawned front garden could also be adapted into further additional parking should buyers choose to re-landscape the front elevation. Internally a hallway leads to two principal reception rooms which come in the form of a spacious living room and separate dining room with double doors leading to the rear garden. Positioned off the dining area is a galley style kitchen but this space would lend itself for further re-modelling and/or extensions to form an open plan kitchen family room. Leading upstairs the property includes two well proportioned double bedrooms, both of which include a range of fitted wardrobes. A further third bedroom and spacious family bathroom complete well balanced accommodation. To the rear of the property is a magnificent garden which displays a superb space for families. A single detached garage provides excellent storage too. No onward Chain.

Agent Details

Gascoigne Halman, Bramhall

0161 524 2638

Next Steps?

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

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