3 Bed Semi-Detached House, Refurb/BRRR, Stockport, SK5 6PQ, £245,000

Cravenwood Road, Reddish, Stockport, Greater Manchester, SK5 6PQ - 4 views - 3 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 5%
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£80K - £297K
Sold Prices/m²£1.2K/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£226,167

 

 

End Value (After Refurb)

£215,149

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£61,250

Stamp Duty & Legal Fees

£8,550

Refurb Costs

£39,324

Bridging Loan Interest

£6,431

Total Cash In

£117,305

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£215,149

Mortgage (After Refinance)

£161,362

Mortgage LTV

75%

Cash Left In

£117,305

Equity

£53,787

Rent Range

£1,050 - £3,300

Rent Estimate

£1,469

Running Costs/mo

£986

Cashflow/mo

£483

Cashflow/yr

£5,794

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £80K to £297K, average is £190K. £1.2K/m² to £3.9K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£179K12/200 mi46, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ3
£265K06/230 mi1, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ3
£178.1K02/210.08 mi4, Aigburth Grove, Stockport, Greater Manchester SK5 6NJ3
£175K12/200.12 mi23, Beresford Crescent, Stockport, Greater Manchester SK5 6NU3
£270K05/220.12 mi26, Beresford Crescent, Stockport, Greater Manchester SK5 6NU3
£175K10/210.15 mi42, Broadfield Grove, Stockport, Greater Manchester SK5 6XN3
£186.5K10/210.15 mi11, Broadfield Grove, Stockport, Greater Manchester SK5 6XN3
£170K03/210.15 mi21, Broadfield Grove, Stockport, Greater Manchester SK5 6XN3
£235K11/210.15 mi36, Howden Close, Stockport, Greater Manchester SK5 6XW3
£80K03/210.15 mi24, Howden Close, Stockport, Greater Manchester SK5 6XW3
£170K08/210.15 mi6, Howden Close, Stockport, Greater Manchester SK5 6XW3
£155K02/210.15 mi5, Howden Close, Stockport, Greater Manchester SK5 6XW3
£190K12/210.16 mi12, Bispham Avenue, Stockport, Greater Manchester SK5 6NT3
£165K08/210.16 mi21, Bradfield Close, Stockport, Greater Manchester SK5 6XP3
£152K11/200.16 mi34, Bradfield Close, Stockport, Greater Manchester SK5 6XP3
£175K01/210.16 mi16, Bradfield Close, Stockport, Greater Manchester SK5 6XP3
£177K02/210.19 mi421, Gorton Road, Stockport, Greater Manchester SK5 6LR3
£145K04/210.22 mi5, Tindall Street, Stockport, Greater Manchester SK5 6QZ3
£160K10/200.23 mi85, Criterion Street, Stockport, Greater Manchester SK5 6RY3
£179.6K01/230.23 mi79, Criterion Street, Stockport, Greater Manchester SK5 6RY3
£220K07/210.24 mi18, Farn Avenue, Reddish, Stockport, Greater Manchester SK5 6NQ3
£170K11/200.25 mi78, Browning Road, Stockport, Greater Manchester SK5 6JT3
£220K09/210.27 mi59, Thornley Lane North, Stockport, Greater Manchester SK5 6QR3
£185K05/230.28 mi1, Falshaw Way, Manchester, Greater Manchester M18 7TG3
£185K05/230.28 mi3, Falshaw Way, Manchester, Greater Manchester M18 7TG3
£225K08/210.29 mi3, Rainshaw Lane, Gorton, Manchester, Greater Manchester M18 7TE3
£190K10/210.29 mi24, Fir Tree Avenue, Stockport, Greater Manchester SK5 6BF3
£217K08/230.29 mi6, Braithwaite Road, Manchester, Greater Manchester M18 7TJ3
£222.5K12/220.3 mi43, Coleridge Road, Stockport, Greater Manchester SK5 6JU3
£253K10/230.32 mi7, Wainwright Avenue, Denton, Manchester, Greater Manchester M34 2WW3
£216K06/230.32 mi120, Thornley Lane South, Stockport, Greater Manchester SK5 6QW3
£220K06/230.32 mi117, Thornley Lane South, Stockport, Greater Manchester SK5 6QW3
£194K10/210.32 mi14, Ruskin Road, Stockport, Greater Manchester SK5 6JS3
£263K06/230.33 mi4, Middleton Road, Stockport, Greater Manchester SK5 6SG3
£173K11/210.34 mi75, Somerford Road, Stockport, Greater Manchester SK5 6QA3
£135K06/210.35 mi30, Goldsmith Road, Stockport, Greater Manchester SK5 6JP3
£150K01/210.35 mi3, Criterion Street, Stockport, Greater Manchester SK5 6SA3
£187.5K03/210.35 mi1, Criterion Street, Stockport, Greater Manchester SK5 6SA3
£170K11/200.36 mi23, Betley Road, Stockport, Greater Manchester SK5 6SE3
£250K04/240.37 mi11, Hewitt Avenue, Denton, Manchester, Greater Manchester M34 2NP3
£228K04/230.37 mi10, Hewitt Avenue, Denton, Manchester, Greater Manchester M34 2NP3
£200K11/200.37 mi20, Hewitt Avenue, Denton, Manchester, Greater Manchester M34 2NP3
£259K01/230.37 mi52, Granada Road, Denton, Manchester, Greater Manchester M34 2LJ3
£257K07/210.37 mi2, Granada Road, Denton, Manchester, Greater Manchester M34 2LJ3
£237K06/230.37 mi66, Ash Road, Denton, Manchester, Greater Manchester M34 2NH3
£265K04/210.37 mi44, Longford Road West, Stockport, Greater Manchester SK5 6ET3
£190K02/210.37 mi74, Lindfield Road, Stockport, Greater Manchester SK5 6SF3
£283K03/230.38 mi4, Cordova Avenue, Denton, Manchester, Greater Manchester M34 2WP3
£229K12/200.38 mi20, Cordova Avenue, Denton, Manchester, Greater Manchester M34 2WP3
£297K08/230.38 mi27, Cordova Avenue, Denton, Manchester, Greater Manchester M34 2WP3

Local Rents

50 rents from £1.1K/mo to £3.3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30003/250.03 mi-3
£1,35008/240.04 miCravenwood Road, Reddish, Stockport, Greater Manchester, SK53
£1,05008/240.06 mi-3
£1,45003/250.07 mi-3
£1,10009/240.16 miBradfield Close, North Reddish, SK53
£1,20009/240.16 miBradfield Close, North Reddish, SK53
£1,35005/240.24 miShillingford Road, Manchester, Greater Manchester, M183
£1,60003/250.24 mi-3
£1,25002/250.25 mi-3
£1,35005/240.26 miFylde Lane, Manchester, M183
£1,35005/240.26 miFylde Lane, Gorton3
£1,30009/240.26 mi-3
£1,50005/240.26 miShillingford Road, Manchester, M183
£1,20009/240.28 miThornley Lane North, Stockport3
£1,50005/240.28 miRainshaw Lane, Manchester, M183
£1,39002/240.28 mi-3
£1,30005/240.28 mi-3
£1,60005/240.28 mi-3
£1,50002/240.28 mi-3
£1,35012/240.29 mi-3
£1,40005/240.29 mi-3
£1,40005/240.29 mi-3
£1,39012/230.29 mi-3
£1,49503/250.29 mi-3
£1,30012/240.29 mi-3
£1,64510/240.3 mi-3
£1,60005/240.3 miShillingford Road, Manchester, M183
£1,70005/240.3 mi-3
£1,65012/240.3 mi-3
£1,35012/240.3 mi-3
£1,45002/250.31 mi-3
£1,35003/250.31 mi-3
£1,50012/240.31 mi-3
£1,20005/240.32 miNutmeg Drive, Gorton, Manchester, M183
£1,10009/240.34 mi-3
£1,27509/240.35 mi-3
£1,05008/240.35 miCriterion Street, Stockport, Greater Manchester, SK53
£1,35009/240.36 mi-3
£1,35003/250.36 mi-3
£1,19505/240.39 miMayfield Grove, Manchester, M183
£1,29505/240.39 mi-3
£1,27503/250.4 mi-3
£3,30012/240.41 mi-3
£3,30002/250.41 mi-3
£3,30002/250.41 mi-3
£2,60002/250.41 mi-3
£1,20009/240.42 miSomers Road, Stockport, Cheshire, SK53
£1,30001/250.42 mi-3
£1,60001/250.42 mi-3
£2,50003/250.42 mi-3

Local Area Statistics

Population in SK5

29,538

Population in Stockport

181,140

Town centre distance

4.43 miles away

Nearest school

0.30 miles away

Nearest train station

0.26 miles away

 

 

Rental growth (12m)

+28%

Sales demand

Seller's market

Capital growth (5yrs)

+48%

Property History

Listed for £245,000

December 26, 2024

Sold for £202,800

2007

Floor Plans

Description

  • No Onward Chain +
  • Double Garage +
  • Driveway +
  • Front And Rear Garden +

This three-bedroom semi-detached property presents an exciting opportunity for families, first-time buyers, or investors seeking a home with potential. In need of some TLC, this property is ready for a personal touch to transform it into your dream home. Priced to sell and offered with no onward chain, don’t miss the chance to make this property your own!

The property boasts a double garage, along with off-street parking. Enter through the porch into a spacious living room. A convenient downstairs WC is located off the hallway. At the rear, you’ll find a bright and open-plan kitchen/diner with French doors leading to the garden. This space is a secluded haven providing an ideal area for relaxation, play, or entertaining. Upstairs features three well-proportioned bedrooms. The master bedroom benefits from an en-suite bathroom, while a separate family bathroom serves the remaining bedrooms.

Situated close to local amenities, reputable schools, and excellent transport links, this property ensures convenience and accessibility for all residents. Schedule your viewing today!

Agent Details

Bridgfords, Stockport

0161 524 8021

Next Steps?

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