3 Bed Bungalow, Refurb/BRRR, Bredbury, SK6 1JQ, £345,000

Edinburgh Drive, Stockport, SK6 1JQ - 4 months ago

Sold STC
Refurb/BRRR
~93 m²
+17 photos

ValuationOvervalued

Sold Prices£140K - £630K
Sold Prices/m²£1.8K/m² - £8.3K/m²

 

 

Square Metres

~93 m²
Price/m²£3.7K/m²

Value Estimate

£267,003

 

 

End Value (After Refurb)

£345,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£86,250

Stamp Duty & Legal Fees

£16,300

Refurb Costs

£39,324

Bridging Loan Interest

£9,056

Total Cash In

£152,680

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£345,000

Mortgage (After Refinance)

£258,750

Mortgage LTV

75%

Cash Left In

£152,680

Equity

£86,250

Rent Range

£1,050 - £1,950

Rent Estimate

£1,330

Running Costs/mo

£1,364

Cashflow/mo

£-34

Cashflow/yr

£-409

Gross Yield

5%

Local Sold Prices

50 sold prices from £140K to £630K, average is £261.3K. £1.8K/m² to £8.3K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£253K11/200.05 mi8, Peterhouse Gardens, Woodley, Stockport, Greater Manchester SK6 1JB3
£372K06/210.05 mi22, Coppice Close, Woodley, Stockport, Greater Manchester SK6 1JH3
£265K05/230.2 mi11, Cambridge Drive, Woodley, Stockport, Greater Manchester SK6 1HX3
£270K02/210.21 mi5, Westfield Drive, Woodley, Stockport, Greater Manchester SK6 1LD3
£232K07/210.23 mi26, Ennerdale Road, Woodley, Stockport, Greater Manchester SK6 1BJ3
£243K12/210.25 mi12, Savernake Road, Woodley, Stockport, Greater Manchester SK6 1LG3
£379.9K01/210.26 mi89, Werneth Road, Woodley, Stockport, Greater Manchester SK6 1HR3
£208K03/210.26 mi4, Smithy Green, Woodley, Stockport, Greater Manchester SK6 1NG3
£245K03/210.26 mi21, Smithy Green, Woodley, Stockport, Greater Manchester SK6 1NG3
£320K03/230.28 mi72, Pennine Road, Woodley, Stockport, Greater Manchester SK6 1JX3
£188K03/210.31 mi127, Hyde Road, Woodley, Stockport, Greater Manchester SK6 1NP3
£440K12/220.34 mi1a, Manor Road, Woodley, Stockport, Greater Manchester SK6 1RT3
£151K04/230.37 mi71, Parry Mead, Bredbury, Stockport, Greater Manchester SK6 1EU3
£345K01/210.39 mi18, Greave, Romiley, Stockport, Greater Manchester SK6 4PU3
£255K04/230.39 mi4, Peart Avenue, Woodley, Stockport, Greater Manchester SK6 1PE3
£265K06/210.39 mi29, Ashton Street, Woodley, Stockport, Greater Manchester SK6 1PB3
£187K04/210.4 mi26, Woodstock Crescent, Woodley, Stockport, Greater Manchester SK6 1QS3
£320K03/230.4 mi66, High Meadows, Romiley, Stockport, Greater Manchester SK6 4QE3
£215K12/200.44 mi54, Pennine Road, Woodley, Stockport, Greater Manchester SK6 1JS3
£245K07/210.44 mi25, Gravel Bank Road, Woodley, Stockport, Greater Manchester SK6 1PS3
£207K03/230.44 mi10, Vaudrey Road, Woodley, Stockport, Greater Manchester SK6 1QT3
£305K11/200.47 mi11, Range Drive, Woodley, Stockport, Greater Manchester SK6 1JT3
£200K06/210.47 mi3, Hollyhouse Drive, Woodley, Stockport, Greater Manchester SK6 1QR3
£275K02/210.48 mi97, Richmond Road, Romiley, Stockport, Greater Manchester SK6 4PL3
£320K03/230.49 mi26, Legh Drive, Woodley, Stockport, Greater Manchester SK6 1PT3
£360K09/210.49 mi109, George Lane, Bredbury, Stockport, Greater Manchester SK6 1DH3
£244K08/230.49 mi52, George Lane, Bredbury, Stockport, Greater Manchester SK6 1AT3
£277.5K10/210.5 mi61, Davenport Drive, Woodley, Stockport, Greater Manchester SK6 1PX3
£630K02/230.5 mi76, Sandy Lane, Romiley, Stockport, Greater Manchester SK6 4NH3
£202K06/230.52 mi21, Sunfield, Romiley, Stockport, Greater Manchester SK6 4BH3
£312K07/210.53 mi54, Marsden Road, Romiley, Stockport, Greater Manchester SK6 4AS3
£495K02/210.53 mi70, Sandy Lane, Romiley, Stockport, Greater Manchester SK6 4NH3
£316.5K01/230.53 mi72, Guywood Lane, Romiley, Stockport, Greater Manchester SK6 4AW3
£225K06/230.54 mi13, Bridge Avenue, Woodley, Stockport, Greater Manchester SK6 1QN3
£200K09/210.54 mi20, Braddon Road, Woodley, Stockport, Greater Manchester SK6 1RE3
£195K03/210.54 mi6, Woodlands Avenue, Woodley, Stockport, Greater Manchester SK6 1QU3
£302.5K09/210.55 mi2, Hayfield Road, Bredbury, Stockport, Greater Manchester SK6 1DE3
£305K11/210.55 mi30, Marsden Road, Romiley, Stockport, Greater Manchester SK6 4PJ3
£257.5K06/230.56 mi12, Woodfield Avenue, Bredbury, Stockport, Greater Manchester SK6 1DB3
£300K12/200.56 mi47, Poleacre Lane, Woodley, Stockport, Greater Manchester SK6 1PH3
£214.5K08/210.58 mi15, Brookfield Avenue, Bredbury, Stockport, Greater Manchester SK6 1BZ3
£315K01/210.59 mi28, Marsden Road, Romiley, Stockport, Greater Manchester SK6 4PJ3
£220K04/210.59 mi13, Fairfield Avenue, Bredbury, Stockport, Greater Manchester SK6 1BY3
£415K04/230.6 mi20, Broad Hey, Romiley, Stockport, Greater Manchester SK6 4NL3
£200K03/210.61 mi51, Redhouse Lane, Bredbury, Stockport, Greater Manchester SK6 1BX3
£537.5K02/230.63 mi9, Brabyns Avenue, Romiley, Stockport, Greater Manchester SK6 4NG3
£351K12/220.64 mi2, Brabyns Avenue, Romiley, Stockport, Greater Manchester SK6 4NG3
£175K01/210.65 mi55, Underhill, Romiley, Stockport, Greater Manchester SK6 4BQ3
£140K02/230.66 mi49, Guywood Lane, Romiley, Stockport, Greater Manchester SK6 4AN3
£192K07/210.66 mi32, Birchall Green, Woodley, Stockport, Greater Manchester SK6 1RZ3

Local Rents

34 rents from £1.1K/mo to £1.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10008/240.17 miNeedwood Road, Woodley, Stockport, SK63
£1,20012/240.35 mi-3
£1,29012/240.4 mi-3
£1,20008/240.49 mi-3
£1,30008/240.5 miGeorge Lane, Bredbury, Stockport3
£1,20008/240.52 miSunfield, Romiley, Stockport3
£1,25012/240.53 miSunfield, Romiley, Stockport3
£1,50008/240.66 miGuywood Lane, Romiley, Stockport, SK63
£1,45012/240.66 miMill Lane SK63
£1,20012/240.75 mi-3
£1,15011/240.77 mi-3
£1,70012/240.79 mi-3
£1,50012/240.8 mi-3
£1,50001/250.8 mi-3
£1,50011/240.8 mi-3
£1,50001/250.8 mi-3
£1,20002/240.8 mi-3
£1,05012/240.81 miHigher Bents Lane SK63
£1,15008/240.89 miGreen Lane, Stockport, Greater Manchester, SK63
£1,39505/240.91 mi-3
£1,29003/250.92 mi-3
£1,20012/240.94 mi-3
£1,30004/251.03 mi-3
£1,40004/251.04 mi-3
£1,07505/241.13 miGreendale Grove, Denton, Manchester, Greater Manchester, M343
£1,34508/241.13 miThe Broadway, Bredbury SK63
£1,20005/241.13 miGibraltar Lane, Denton, Manchester3
£1,34508/241.15 miThe Broadway, Bredbury, Stockport, Cheshire, SK63
£1,39508/241.15 mi-3
£1,95005/241.21 miReid Close, Denton, Manchester, M343
£1,60010/241.22 mi-3
£1,40002/251.22 mi-3
£1,30002/251.22 mi-3
£1,10012/241.24 miKingsway, Bredbury, Stockport, Greater Manchester, SK63

Local Area Statistics

Population in SK6

50,689

Town centre distance

1.08 miles away

Nearest school

0.30 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £345,000

December 26, 2024

Floor Plans

Description

  • Immaculately Presented Throughout +
  • Recently Renovated +
  • Gardens To Front/Rear +
  • Dorma Bungalow +
  • Good Primary And Secondary Schools +
  • Drive +
  • Cul-De-Sac Location +
  • Local Amenities, Transport Links Close Proximity +
  • Stunning Countryside Within Close Proximity +
  • M67/M60 Motorway Links Close Proximity +

The Property
*Stunning Dorma Bungalow with Contemporary Design in a Desirable Location*

Welcome to this beautifully renovated Dorma Bungalow, where contemporary design meets quality craftsmanship. Nestled in a highly desirable residential area, you'll find yourself just a stone's throw away from a variety of local amenities, including the charming shops at the Precinct and picturesque country walks through Werneth Low. With fantastic transport links, including convenient bus routes to Stockport Town Centre, easy access to the M60 motorway, and Woodley Train Station just minutes away—offering a swift journey to Manchester City Centre in under 30 minutes—this location is ideal for commuters and leisure seekers alike. As you approach the property, you'll be greeted by its attractive kerb appeal, set back from the road in a private garden with a drive-fronted position.

The renovation has been extensive, taking the property back to brickwork, and includes a newly installed boiler (2022), along with completely updated electrical and plumbing systems. Insulation has been thoughtfully added to the roof, walls, and loft area, ensuring comfort year-round. Step inside and be welcomed by a spacious hallway that leads to a bright and inviting lounge, a well-appointed family bathroom, and a versatile bedroom two. The heart of the home is undoubtedly the open-plan kitchen diner, designed for both functionality and style. French doors seamlessly connect this space to a delightful decking area, perfect for alfresco dining and entertaining. The kitchen boasts integrated appliances. Venture to the first floor where you'll discover two bedrooms, including a master suite complete with a luxurious en-suite bathroom. Additionally, there’s convenient storage nestled in the eaves, making the most of every inch of space.

The rear exterior features a generous garden, providing ample room for family gatherings or for those with a passion for gardening.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Stockport

020 3834 7974

Next Steps?

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

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