2 Bed Semi-Detached House, Cash/Bridging Only, Stalybridge, SK15 3LB, £175,000

Bank Road, Carrbrook, Stalybridge, SK15 3LB - 3 months ago

Cash
ROI: 2%
~60 m²
+2 photos

ValuationOvervalued

Sold Prices£80K - £290K
Sold Prices/m²£1.2K/m² - £3.7K/m²

 

 

Square Metres

~60.30 m²
Price/m²£2.9K/m²

Value Estimate

£131,142

 

 

End Value (After Refurb)

£164,875

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£10,950

Refurb Costs

£25,417

Bridging Loan Interest

£4,594

Total Cash In

£86,461

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£164,875

Mortgage (After Refinance)

£123,656

Mortgage LTV

75%

Cash Left In

£86,461

Equity

£41,219

Rent Range

£550 - £1,245

Rent Estimate

£829

Running Costs/mo

£701

Cashflow/mo

£128

Cashflow/yr

£1,536

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £80K to £290K, average is £148.5K. £1.2K/m² to £3.7K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£145.5K05/230 mi62, Bank Road, Carrbrook, Stalybridge, Greater Manchester SK15 3LB2
£135K06/210 mi76, Bank Road, Carrbrook, Stalybridge, Greater Manchester SK15 3LB2
£161.5K03/210.04 mi10, East Road, Carrbrook, Stalybridge, Greater Manchester SK15 3LN2
£136K11/200.1 mi3, Third Avenue, Carrbrook, Stalybridge, Greater Manchester SK15 3JU2
£215K02/230.14 mi45, Buckton Vale Road, Carrbrook, Stalybridge, Greater Manchester SK15 3LW2
£140K11/200.16 mi26, Bank Road, Carrbrook, Stalybridge, Greater Manchester SK15 3JX2
£175K12/220.21 mi3, Buckton Drive, Stalybridge, Greater Manchester SK15 3JR2
£180K03/210.23 mi4, Arundel Close, Carrbrook, Stalybridge, Greater Manchester SK15 3LS2
£185K07/210.23 mi74, Buckton Vale Road, Carrbrook, Stalybridge, Greater Manchester SK15 3PJ2
£180K05/210.26 mi3a, Moorgate Road, Carrbrook, Stalybridge, Greater Manchester SK15 3NF2
£290K11/220.44 mi5, Carr Rise, Carrbrook, Stalybridge, Greater Manchester SK15 3NY2
£180K02/210.44 mi61, Castle Lane, Carrbrook, Stalybridge, Greater Manchester SK15 3PA2
£179K07/210.47 mi12, Calico Crescent, Carrbrook, Stalybridge, Greater Manchester SK15 3FJ2
£272.5K09/220.58 mi99, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PL2
£85K12/200.61 mi15, Stamford Street, Millbrook, Stalybridge, Greater Manchester SK15 3JB2
£108K12/200.61 mi1, Stamford Street, Millbrook, Stalybridge, Greater Manchester SK15 3JB2
£150K09/230.62 mi11, Cemetery Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PQ2
£178.8K07/230.63 mi26, Queensway, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PA2
£150K09/210.65 mi14, Cambridge Terrace, Millbrook, Stalybridge, Greater Manchester SK15 3JG2
£140K11/210.66 mi17, Cambridge Terrace, Millbrook, Stalybridge, Greater Manchester SK15 3JG2
£152.5K03/230.66 mi21, Cambridge Terrace, Millbrook, Stalybridge, Greater Manchester SK15 3JG2
£128K03/210.67 mi439, Huddersfield Road, Millbrook, Stalybridge, Greater Manchester SK15 3ET2
£115K03/210.67 mi431, Huddersfield Road, Millbrook, Stalybridge, Greater Manchester SK15 3ET2
£120K05/230.67 mi421, Huddersfield Road, Millbrook, Stalybridge, Greater Manchester SK15 3ET2
£115K07/210.7 mi7, Grenville Street, Millbrook, Stalybridge, Greater Manchester SK15 3EU2
£210K06/220.71 mi10, Richmond Crescent, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LQ2
£117K10/200.71 mi57, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PE2
£187K04/230.71 mi11, Chapelfield Close, Millbrook, Stalybridge, Greater Manchester SK15 3RS2
£131.9K08/210.74 mi385, Wakefield Road, Heyrod, Stalybridge, Greater Manchester SK15 3BL2
£100K05/230.74 mi377, Wakefield Road, Heyrod, Stalybridge, Greater Manchester SK15 3BL2
£125K10/200.75 mi28, Denbigh Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PB2
£175K05/230.75 mi24, Denbigh Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PB2
£129K12/200.75 mi14, Tabley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PD2
£160K05/230.75 mi10, Tabley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PD2
£144K12/200.75 mi21, Brunswick Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NX2
£151.5K07/210.75 mi49, Brunswick Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NX2
£140K01/210.75 mi47, Brunswick Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NX2
£145K08/210.78 mi5, Croft Bank, Millbrook, Stalybridge, Greater Manchester SK15 3HR2
£160K02/230.78 mi10, Derby Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NU2
£125K08/230.79 mi53, Egmont Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NB2
£142K03/240.79 mi27, Egmont Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NB2
£80K07/210.79 mi35, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£127.5K11/200.8 mi1, Bury Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9ND2
£147K01/240.8 mi28, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£156.5K04/240.8 mi51, Cheshire Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NW2
£145K02/240.8 mi55, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LZ2
£182K02/240.8 mi67, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LZ2
£175K02/230.81 mi71, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LZ2
£232K12/220.81 mi26, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£176K02/230.81 mi32, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2

Local Rents

30 rents from £550/mo to £1.2K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£79511/230.47 miThe Millbrook, Huddersfield Road, Stalybridge, Greater Manchester, SK152
£90004/250.62 mi-2
£85011/230.7 miGrenville Street, Stalybridge, Greater Manchester, SK152
£75008/240.76 miThe Thistle House, Stalybridge2
£82508/240.76 miThistle House, Bramble Court, Millbrook, SK152
£80008/240.76 miThe Cedar House, Millbrook, Stalybridge2
£75006/240.77 mi-2
£82511/230.78 mi-2
£72512/230.78 mi-2
£79511/240.78 mi-2
£79502/240.79 mi-2
£75006/240.8 mi-2
£85002/250.8 mi-2
£75006/240.81 mi-2
£1,00008/240.82 miStaley Farm Close, Stalybridge, Greater Manchester, SK152
£85008/240.82 miStaley Farm Close, Stalybridge, Greater Manchester, SK152
£55010/240.84 mi-2
£79512/230.88 mi-2
£79512/230.88 mi-2
£85008/240.97 miWaggon Road, Mossley, Ashton-Under-Lyne, OL52
£80011/230.97 mi-2
£82501/250.97 mi-2
£85006/240.97 miWaggon Road, Ashton-under-lyne, OL52
£79503/241.03 miPark Street, OL52
£85008/241.05 miCarter Street, Mossley, Ashton-under-Lyne, Greater Manchester, OL52
£90008/241.06 mi-2
£69507/241.09 mi-2
£1,24503/241.14 miStamford Road, OL52
£80006/241.17 miBorder Mill Fold, Mossley, Ashton-under-Lyne, Greater Manchester, OL52
£1,05007/241.22 mi-2

Local Area Statistics

Population in SK15

27,625

Town centre distance

1.29 miles away

Nearest school

0.30 miles away

Nearest train station

1.07 miles away

 

 

Rental growth (12m)

+27%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Listed for £175,000

January 14, 2025

Floor Plans

Description

  • Gardens To Front, Side & Rear +
  • Two Double Bedrooms +
  • Countryside Walks +
  • Sought After Area +
  • Freehold +
  • Viewing Essential! +

Nestled in the picturesque and popular area of Carrbrook in Stalybridge, this delightful two-bedroom semi-detached property offers convenience, potential and an excellent location. Perfectly situated, it offers easy access to a range of local amenities, excellent transport links for commuters, and the serene beauty of nearby countryside walks. The property is ideal for those looking to put their own personal stamp on their first home.

The ground floor opens into the hallway, leading to a spacious lounge, perfect for relaxing or entertaining. The kitchen/diner provides a functional and social space. Upstairs, the first floor features two well-proportioned double bedrooms, each offering plenty of natural light and space for wardrobes and storage. The modern family bathroom, also on this level, adds further practicality to the home.

Outside, the property is approached via steps leading to the front, with gardens extending to the front, side, and rear. These outdoor spaces are a gardener’s delight, with planted borders and mature shrubs adding color and privacy. There is ample potential to transform the gardens into a perfect outdoor retreat for relaxing or entertaining.

This property presents an excellent opportunity for first-time buyers or anyone seeking a home with room for improvement. Its desirable location, combined with its potential, makes it a rare find in the Carrbrook area. Viewing Highly Recommended

Ground Floor -

Hallway - Door to front, radiator, stairs leading to first floor, door leading to:

Lounge - 4.75m x 3.70m (15'7" x 12'2") - Double glazed box window to front, radiator, door leading to:

Kitchen/Diner - 2.13m x 4.72m (7'0" x 15'6") - Fitted with a matching range of base and eye level units with worktop space over, inset sink and drainer with mixer tap, tiled splashbacks, plumbing for washing machine, space for fridge/freezer, space for cooker, double glazed window to side, double glazed window to rear, radiator, door to storage cupboard, door leading out to side.

First Floor -

Landing - Double glazed window to side, doors leading to:

Master Bedroom - 3.07m x 4.72m (10'1" x 15'6") - Double glazed window to front, radiator, door to storage cupboard.

Bedroom 2 - 3.10m x 2.90m (10'2" x 9'6") - Double glazed window to rear, radiator.

Bathroom - 2.26m x 1.71m (7'5" x 5'7") - Three piece suite comprising panelled bath with shower over, vanity wash hand basin and low-level WC, heated towel rail, double glazed window to rear.

Outside - Gardens to front, side and rear with planted borders and mature shrubs.

Disclaimer - Home Estate Agents believe all the particulars given to be accurate. They have not tested or inspected any equipment, apparatus, fixtures or fittings and cannot, therefore, offer any proof or confirmation as to their condition or fitness for purpose thereof. The purchaser is advised to obtain the necessary verification from the solicitor or the surveyor. All measurements given are approximate and for guide purposes only and should not be relied upon as accurate for the purpose of buying fixtures, floor-coverings, etc. The buyer should satisfy him/her self of all measurements prior to purchase.

Before we can accept an offer for any property we will need certain information from you which will enable us to qualify your offer. If you are making a cash offer which is not dependent upon the sale of another property we will require proof of funds. You should be advised that any approach to a bank, building society or solicitor before we have qualified your offer may result in legal or survey fees being lost. In addition, any delay may result in the property being offered to someone else.

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Agent Details

Home Estate Agents Ltd, Stalybridge

0161 524 4847

Next Steps?

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