2 Bed Semi-Detached House, Cash/Bridging Only, Stockport, SK4 1LD, £180,000

Southdown Close, Heaton Norris, SK4 1LD - 5 views - 4 months ago

Leasehold
Cash
ROI: 6%
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£125K - £285K
Sold Prices/m²£1.5K/m² - £4.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£175,286

 

 

End Value (After Refurb)

£174,902

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£28,775

Bridging Loan Interest

£4,725

Total Cash In

£86,850

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£174,902

Mortgage (After Refinance)

£131,177

Mortgage LTV

75%

Cash Left In

£86,850

Equity

£43,726

Rent Range

£695 - £3,100

Rent Estimate

£1,250

Running Costs/mo

£817

Cashflow/mo

£433

Cashflow/yr

£5,201

ROI

6%

Gross Yield

8%

Local Sold Prices

50 sold prices from £125K to £285K, average is £179.5K. £1.5K/m² to £4.2K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£125K10/200.03 mi36, Southdown Close, Stockport, Greater Manchester SK4 1LD2
£180K05/230.05 mi45, Church Street, Stockport, Greater Manchester SK4 1JQ2
£215K01/230.08 mi75, Church Street, Stockport, Greater Manchester SK4 1JH2
£250K05/210.12 mi20, Church Road, Stockport, Greater Manchester SK4 1LJ2
£179K07/210.12 mi58, Love Lane, Stockport, Greater Manchester SK4 1JA2
£130K03/210.12 mi19, Cheviot Close, Stockport, Greater Manchester SK4 1JW2
£185K02/230.12 mi62, Belmont Street, Stockport, Greater Manchester SK4 1QW2
£176K04/230.13 mi4, Cromwell Street, Stockport, Greater Manchester SK4 1LY2
£135K12/200.13 mi16, Cromwell Street, Stockport, Greater Manchester SK4 1LY2
£203K12/220.14 mi56, Lloyd Street, Stockport, Greater Manchester SK4 1NE2
£147K11/200.17 mi49, Basil Street, Stockport, Greater Manchester SK4 1QL2
£165K03/210.17 mi63, Lloyd Street, Stockport, Greater Manchester SK4 1NE2
£220K01/230.18 mi14, Grafton Street, Stockport, Greater Manchester SK4 1QG2
£153K10/200.18 mi22, Ellen Street, Stockport, Greater Manchester SK4 1LZ2
£208K04/230.19 mi31, Churchill Street, Heaton Norris, Stockport, Greater Manchester SK4 1NB2
£154K11/200.19 mi49, Churchill Street, Stockport, Greater Manchester SK4 1NB2
£166.5K11/210.2 mi1, Farmer Street, Stockport, Greater Manchester SK4 1NF2
£217.5K06/230.2 mi29, Farmer Street, Stockport, Greater Manchester SK4 1NF2
£176K01/210.2 mi49, Farmer Street, Stockport, Greater Manchester SK4 1NF2
£176.5K11/200.2 mi19, Farmer Street, Stockport, Greater Manchester SK4 1NF2
£192.5K05/230.2 mi28, Farmer Street, Stockport, Greater Manchester SK4 1NF2
£200K06/230.2 mi24, Farmer Street, Stockport, Greater Manchester SK4 1NF2
£170K03/210.21 mi60, Churchill Street, Heaton Norris, Stockport, Greater Manchester SK4 1ND2
£130K03/210.21 mi22, Churchill Street, Stockport, Greater Manchester SK4 1ND2
£211.4K02/230.22 mi4, Samuel Street, Stockport, Greater Manchester SK4 1NG2
£167.6K03/210.22 mi12, Samuel Street, Stockport, Greater Manchester SK4 1NG2
£225K12/220.22 mi15, Dunblane Avenue, Stockport, Greater Manchester SK4 2LY2
£250K08/210.22 mi16, Dunblane Avenue, Stockport, Greater Manchester SK4 2LY2
£260K02/230.26 mi26, Dodge Hill, Stockport, Greater Manchester SK4 1RD2
£245K08/210.26 mi20, Dodge Hill, Stockport, Greater Manchester SK4 1RD2
£162.5K05/210.29 mi28, Burton Street, Stockport, Greater Manchester SK4 1QF2
£168.5K12/200.29 mi2, Burton Street, Stockport, Greater Manchester SK4 1QF2
£185K03/210.29 mi153, Hesketh Street, Stockport, Greater Manchester SK4 1TL2
£180K05/210.3 mi23, Bardsley Street, Stockport, Greater Manchester SK4 1QB2
£175K09/210.31 mi69, Sharples Street, Stockport, Greater Manchester SK4 1QE2
£186K03/230.31 mi49, Sharples Street, Stockport, Greater Manchester SK4 1QE2
£189.5K01/230.33 mi28, All Saints Road, Stockport, Greater Manchester SK4 1QA2
£170K02/210.33 mi53, All Saints Road, Stockport, Greater Manchester SK4 1QA2
£192.3K06/210.33 mi16, All Saints Road, Stockport, Greater Manchester SK4 1QA2
£145.5K02/210.33 mi3, All Saints Road, Stockport, Greater Manchester SK4 1QA2
£135K04/210.33 mi71, All Saints Road, Stockport, Greater Manchester SK4 1QA2
£187.5K07/230.33 mi10, All Saints Road, Stockport, Greater Manchester SK4 1QA2
£163K05/230.33 mi31, All Saints Road, Stockport, Greater Manchester SK4 1QA2
£214K11/210.34 mi42, All Saints Road, Stockport, Greater Manchester SK4 1QA2
£131K12/200.39 mi19, Manvers Street, Stockport, Greater Manchester SK5 7RQ2
£265K10/200.43 mi7, Mount Road, Stockport, Greater Manchester SK4 2NB2
£185K12/220.43 mi61, Bury Street, Stockport, Greater Manchester SK5 7RE2
£285K06/210.43 mi277, Green Lane, Stockport, Greater Manchester SK4 2LZ2
£175K01/230.46 mi4, Morton Street, Stockport, Greater Manchester SK4 1PU2
£160K04/210.46 mi16, Morton Street, Stockport, Greater Manchester SK4 1PU2

Local Rents

49 rents from £695/mo to £3.1K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,00009/240.09 mi-2
£1,10004/250.09 mi-2
£95001/240.11 mi-2
£1,00008/240.11 miAthol Street, Stockport, Greater Manchester, SK42
£69508/240.13 mi-2
£89509/240.13 miStitch Lane, Heaton Norris2
£80008/240.14 miStitch Lane, Wellington Court, Heaton Norris, SK42
£95009/240.14 miStitch Lane, Wellington Court, Heaton Norris, SK42
£1,00011/240.15 mi-2
£1,40009/240.16 miParsonage Street, Stockport, Greater Manchester, SK42
£1,05009/240.16 miChurchill Street, Heaton Norris, Stockport, SK42
£82511/240.16 mi-2
£1,20008/240.17 miBelmont Close, Stockport, Cheshire, SK42
£1,10006/240.2 mi-2
£90008/240.2 miChurchill Street, Heaton Norris, Stockport, SK42
£1,25008/240.27 miPasha, Wellington Road North2
£1,25009/240.27 miPasha, Wellington Road North2
£1,00009/240.3 miBurton Street, Heaton Norris, Stockport, Cheshire, SK42
£1,10008/240.3 mi-2
£95008/240.3 miHesketh Street, Stockport, Greater Manchester, SK42
£1,15008/240.31 miSharples Street, Stockport, Greater Manchester, SK42
£1,12508/240.33 mi-2
£1,25008/240.34 mi-2
£72802/250.43 mi-2
£99502/240.44 mi-2
£3,10012/240.45 mi-2
£85012/240.49 mi-2
£1,35012/240.49 miThe Interchange, Daw Bank, Stockport, Greater Manchester, SK32
£1,37512/240.49 miDaw Bank, Stockport, Greater Manchester, SK32
£1,45012/240.49 miDaw Bank, Stockport, Greater Manchester, SK32
£1,45012/240.5 miThe Interchange, Daw Bank, Stockport, Greater Manchester, SK32
£1,30012/240.5 miThe Interchange, Daw Bank, Stockport, Greater Manchester, SK32
£1,54012/240.5 miThe Interchange, Daw Bank, Stockport, Greater Manchester, SK32
£1,58012/240.5 miThe Interchange, Daw Bank, Stockport, Greater Manchester, SK32
£1,54012/240.5 miThe Interchange, Daw Bank, Stockport, Greater Manchester, SK32
£1,00012/240.5 miWellington Road South, Stockport, Greater Manchester, SK32
£1,58012/240.51 miThe Interchange, Stockport, SK32
£1,42512/240.51 miThe Interchange, Stockport, SK32
£1,42512/240.51 miThe Interchange, Daw Bank, Stockport, Greater Manchester, SK32
£1,46512/240.51 miThe Interchange, Daw Bank, Stockport, Greater Manchester, SK32
£1,00008/240.51 miWellington Mill, Stockport2
£1,35012/240.52 miThe Interchange, Daw Bank, Stockport, SK32
£1,40012/240.52 miThe Interchange, Daw Bank, Stockport, SK32
£1,35012/240.52 miThe Interchange, Daw Bank, Stockport, SK32
£1,54012/240.52 miThe Interchange, Daw Bank, Stockport, SK32
£1,45012/240.52 miThe Interchange, Daw Bank, SK32
£1,46512/240.52 miThe Interchange, Daw Bank, Stockport, SK32
£1,50012/240.52 miDaw Bank, Stockport, SK32
£1,37512/240.52 miThe Interchange, Daw Bank, Stockport, SK32

Local Area Statistics

Population in SK4

34,510

Population in Stockport

181,140

Town centre distance

2.39 miles away

Nearest school

0.20 miles away

Nearest train station

0.75 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-9%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £180,000

December 13, 2024

Floor Plans

Description

  • Two Bedroom Semi-Detached Home +
  • Potential To Put Own Stamp On +
  • Large Bedrooms +
  • Close To Local Amenities +
  • No Onwards Chain +

CALLING ALL CASH BUYERS! Checkout this TWO BEDROOM SEMI-DETACHED HOME offered to the market with NO ONWARDS CHAIN and VACANT POSSESSION! Situated in a popular residential location of HEATON NORRIS, you will find an array of local amenities, reputable schools and excellent transport links into MANCHESTER CITY CENTRE and STOCKPORT TOWN CENTRE! This property is cash buyers only due to 67 years remaining on the lease. This fantastic property briefly comprises of; a huge welcoming entrance hallway, an open plan living and dining room benefiting from plenty of natural light, a fitted kitchen, two double bedrooms, a modern shower room and a third room upstairs which can be used as a nursery/office/wardrobe room/etc. Overall, the property offers plenty of storage space throughout. Externally, you will find a low maintenance rear garden. Please call the Reddish branch to arrange a viewing!

Agent Details

Edward Mellor Ltd, Reddish

0161 524 6622

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.