2 Bed Terraced House, Refurb/BRRR, Stockport, SK3 0DP, £105,000

King Street West, Stockport, SK3 0DP - 3 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 11%
~56 m²
+3 photos

ValuationFair Value

Sold Prices£130K - £245K
Sold Prices/m²£1.5K/m² - £3.5K/m²

 

 

Square Metres

~55.65 m²
Price/m²£1.9K/m²

Value Estimate

£106,050

 

 

End Value (After Refurb)

£133,667

Uplift in Value

+27%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£26,250

Stamp Duty & Legal Fees

£6,450

Refurb Costs

£23,457

Bridging Loan Interest

£2,756

Total Cash In

£60,663

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£133,667

Mortgage (After Refinance)

£100,250

Mortgage LTV

75%

Cash Released

£21,500

Cash Left In

£39,163

Equity

£33,417

Rent Range

£895 - £2,699

Rent Estimate

£1,262

Running Costs/mo

£690

Cashflow/mo

£572

Cashflow/yr

£6,863

ROI

11%

Gross Yield

14%

Local Sold Prices

54 sold prices from £130K to £245K, average is £181.3K. £1.5K/m² to £3.5K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£160K01/210.1 mi75, York Street, Stockport, Greater Manchester SK3 9EQ2
£192K03/210.11 mi16, Chatham Street, Stockport, Greater Manchester SK3 9ED2
£139K02/210.12 mi38, Thomson Street, Stockport, Greater Manchester SK3 9DR2
£180K11/210.12 mi32, Thomson Street, Stockport, Greater Manchester SK3 9DR2
£175K12/210.13 mi4, Pitt Street, Stockport, Greater Manchester SK3 9EH2
£177K05/230.13 mi12, Pitt Street, Stockport, Greater Manchester SK3 9EH2
£176.5K01/210.14 mi67, Bowdon Street, Stockport, Greater Manchester SK3 9HG2
£183K05/210.15 mi23, Gradwell Street, Stockport, Greater Manchester SK3 0DL2
£192K04/230.16 mi2, Aberdeen Crescent, Stockport, Greater Manchester SK3 9EJ2
£220K09/230.16 mi22, Aberdeen Crescent, Stockport, Greater Manchester SK3 9EJ2
£220K09/230.16 mi22, Aberdeen Crescent, Stockport, Greater Manchester SK3 9EJ2
£176K10/210.17 mi2a, Derby Street, Stockport, Greater Manchester SK3 9HF2
£130K07/210.19 mi12, Derby Street, Stockport, Greater Manchester SK3 9HF2
£182.5K09/230.19 mi15, Derby Street, Stockport, Greater Manchester SK3 9HF2
£182.5K09/230.19 mi15, Derby Street, Stockport, Greater Manchester SK3 9HF2
£145K02/210.2 mi33, Stopford Street, Stockport, Greater Manchester SK3 9HE2
£201K07/210.22 mi30, Aberdeen Crescent, Stockport, Greater Manchester SK3 9EP2
£195.5K11/200.23 mi1, Fox Street, Stockport, Greater Manchester SK3 9EL2
£150K03/210.28 mi16, Arnold Street, Stockport, Greater Manchester SK3 9BN2
£165K10/200.32 mi7, Atherton Street, Stockport, Greater Manchester SK3 9JN2
£195K12/220.33 mi26, Mahood Street, Stockport, Greater Manchester SK3 9BP2
£245K04/230.34 mi123, Chatham Street, Stockport, Greater Manchester SK3 9JT2
£189.9K12/200.35 mi13, Hartley Street, Stockport, Greater Manchester SK3 9JW2
£212.5K12/220.36 mi8, Yule Street, Stockport, Greater Manchester SK3 9LB2
£193.3K11/210.36 mi2, Earl Street, Stockport, Greater Manchester SK3 9JZ2
£186K03/230.36 mi132, Old Chapel Street, Stockport, Greater Manchester SK3 9JL2
£166.5K04/230.36 mi167, Old Chapel Street, Stockport, Greater Manchester SK3 9JL2
£217.5K03/230.36 mi20, Yule Street, Stockport, Greater Manchester SK3 9LB2
£130K01/210.37 mi8, Herbert Street, Stockport, Greater Manchester SK3 9BU2
£135K03/210.37 mi17, Herbert Street, Stockport, Greater Manchester SK3 9BU2
£140K04/210.37 mi2, Herbert Street, Stockport, Greater Manchester SK3 9BU2
£148K09/210.37 mi19, Herbert Street, Stockport, Greater Manchester SK3 9BU2
£137.5K11/200.37 mi11, Torkington Street, Stockport, Greater Manchester SK3 9JS2
£156.5K11/200.37 mi52, Torkington Street, Stockport, Greater Manchester SK3 9JS2
£242.5K01/230.37 mi20, Torkington Street, Stockport, Greater Manchester SK3 9JS2
£152K05/210.38 mi21, Yule Street, Stockport, Greater Manchester SK3 9LB2
£180K05/230.38 mi62, Yule Street, Stockport, Greater Manchester SK3 9LB2
£205K08/230.38 mi60, Yule Street, Stockport, Greater Manchester SK3 9LB2
£205K08/230.38 mi60, Yule Street, Stockport, Greater Manchester SK3 9LB2
£150K02/210.38 mi6, Greenhill Street, Stockport, Greater Manchester SK3 9JP2
£167K05/210.38 mi161, Chatham Street, Stockport, Greater Manchester SK3 9JU2
£167K06/210.38 mi159, Chatham Street, Stockport, Greater Manchester SK3 9JU2
£174K07/230.39 mi52, Florist Street, Stockport, Greater Manchester SK3 8DX2
£200K08/230.39 mi64, Florist Street, Stockport, Greater Manchester SK3 8DX2
£200K08/230.39 mi64, Florist Street, Stockport, Greater Manchester SK3 8DX2
£215K01/210.39 mi5, Hardcastle Road, Stockport, Greater Manchester SK3 9BY2
£201.3K03/210.39 mi31, Hardcastle Road, Stockport, Greater Manchester SK3 9BY2
£215K05/210.39 mi37, Hardcastle Road, Stockport, Greater Manchester SK3 9BY2
£185K07/210.39 mi39, Hardcastle Road, Stockport, Greater Manchester SK3 9BY2
£230.8K08/210.39 mi13, Hardcastle Road, Stockport, Greater Manchester SK3 9BY2
£145K11/200.39 mi5, Jennings Street, Stockport, Greater Manchester SK3 9BX2
£196.5K02/210.39 mi6, Jennings Street, Stockport, Greater Manchester SK3 9BX2
£140K10/200.4 mi83, Ladysmith Street, Stockport, Greater Manchester SK3 8DY2
£175.5K05/210.4 mi27, Ladysmith Street, Stockport, Greater Manchester SK3 8DY2

Local Rents

50 rents from £895/mo to £2.7K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,14001/250.07 mi-2
£99512/240.07 mi-2
£1,20003/250.11 mi-2
£1,20008/240.11 mi-2
£95008/240.12 miCastle street, Edgeley SK32
£1,00012/240.12 miCastle street Edgeley, SK32
£99511/230.12 miThomson Street, Edgeley, Stockport, SK32
£1,10012/240.2 miHarper Street, Stockport, Cheshire, SK32
£1,15012/240.2 miHarper Street, Stockport, Greater Manchester, SK32
£1,00012/240.23 mi-2
£97508/240.24 mi-2
£99508/240.24 miOld Chapel Street, Stockport, Cheshire, SK32
£99508/240.24 miMercian Way, Stockport, Cheshire, SK32
£99511/240.25 mi-2
£1,07504/250.25 mi-2
£1,02008/240.25 mi-2
£95008/240.28 miWellington Road South SK12
£1,35012/240.28 miThe Interchange, Daw Bank, Stockport, SK32
£1,40012/240.28 miThe Interchange, Daw Bank, Stockport, SK32
£1,47512/240.28 miThe Interchange, Daw Bank, Stockport, SK32
£1,35012/240.28 miThe Interchange, Daw Bank, Stockport, SK32
£1,54012/240.28 miThe Interchange, Daw Bank, Stockport, SK32
£1,35012/240.28 miThe Interchange, Daw Bank, Stockport, SK32
£1,45012/240.28 miThe Interchange, Daw Bank, SK32
£1,46512/240.28 miThe Interchange, Daw Bank, Stockport, SK32
£1,50012/240.28 miDaw Bank, Stockport, SK32
£1,37512/240.28 miDaw Bank, Stockport, SK32
£1,37512/240.28 miThe Interchange, Daw Bank, Stockport SK32
£1,35012/240.28 miThe Interchange, Daw Bank, Stockport, SK32
£1,37512/240.28 miThe Interchange, Daw Bank, Stockport, SK32
£90008/240.28 mi-2
£1,00008/240.3 miWellington Road South, Stockport2
£89512/240.3 miWellington Mill, Wellington Road South, Stockport, Cheshire, SK32
£1,15011/240.3 mi-2
£1,58012/240.3 miThe Interchange, Stockport, SK32
£1,42512/240.3 miThe Interchange, Stockport, SK32
£1,42512/240.3 miThe Interchange, Daw Bank, Stockport, Greater Manchester, SK32
£1,46512/240.3 miThe Interchange, Daw Bank, Stockport, Greater Manchester, SK32
£1,00008/240.3 miWellington Mill, Stockport2
£95012/240.31 mi-2
£95010/240.31 mi-2
£2,69902/250.31 mi-2
£1,45012/240.31 miThe Interchange, Daw Bank, Stockport, Greater Manchester, SK32
£1,30012/240.31 miThe Interchange, Daw Bank, Stockport, Greater Manchester, SK32
£1,54012/240.31 miThe Interchange, Daw Bank, Stockport, Greater Manchester, SK32
£1,58012/240.31 miThe Interchange, Daw Bank, Stockport, Greater Manchester, SK32
£1,54012/240.31 miThe Interchange, Daw Bank, Stockport, Greater Manchester, SK32
£1,35012/240.31 miThe Interchange, Daw Bank, Stockport, Greater Manchester, SK32
£1,37512/240.31 miDaw Bank, Stockport, Greater Manchester, SK32
£1,45012/240.31 miDaw Bank, Stockport, Greater Manchester, SK32

Local Area Statistics

Population in SK3

27,923

Population in Stockport

181,140

Town centre distance

1.80 miles away

Nearest school

0.10 miles away

Nearest train station

0.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Price changed to £105,000

January 19, 2025

Listed for £120,000

January 8, 2025

Floor Plans

Description

  • Being sold by Online Auctione +
  • Buyers fee applies +
  • Buy It Now Option Available +

For Sale by Modern Method of Auction. A two bedroom mid terrace requiring full moderation. Situated close to Stockport town center, Stockport main line train station & M60 motorway network this property would make an ideal buy to investment or renovation opportunity. The property features a living room, separate dining area and kitchen whilst the first floor provides two bedrooms and a bathroom. Externally there is a garden to the rear. Resident permit parking is available further down King Street West.

This property is for sale via Modern Method of Auction. This is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been issued by the vendors solicitor. Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee. The fee will be a fixed fee including the VAT - this secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. If you require a copy of these documents, or for further information, please contact the Online Auction team at GOTO Group.

Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions.

To book a viewing contact: Gascoigne Halman

Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer's Premium of 3.6% of the purchase price including VAT and a Legal Pack fee of £354 including VAT (this is subject to a minimum amount of £6972 including VAT and a Legal Pack Fee of £354 including VAT). This secures the transaction and takes the property off the market.

The Buyer's Premium and administration charge are in addition to the final negotiated selling price.

Agent Details

Gascoigne Halman, Cheadle

0161 524 6044

Next Steps?

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