3 Bed Semi-Detached House, Refurb/BRRR, Bredbury, SK6 7LS, £250,000

Rushton Drive, Marple, SK6 7LS - 3 views - 3 months ago

Sold STC
Leasehold
Refurb/BRRR
~93 m²

ValuationUndervalued

Sold Prices£195K - £800K
Sold Prices/m²£2.3K/m² - £6.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£257,500
BMV3%

 

 

End Value (After Refurb)

£281,735

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£39,324

Bridging Loan Interest

£6,563

Total Cash In

£118,837

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£281,735

Mortgage (After Refinance)

£211,301

Mortgage LTV

75%

Cash Released

£23,801

Cash Left In

£95,035

Equity

£70,434

Rent Range

£595 - £1,800

Rent Estimate

£1,064

Running Costs/mo

£1,113

Cashflow/mo

£-49

Cashflow/yr

£-591

Gross Yield

5%

Local Sold Prices

51 sold prices from £195K to £800K, average is £290K. £2.3K/m² to £6.1K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£490K03/230.08 mi7, Parsonage Gardens, Marple, Stockport, Greater Manchester SK6 7NB3
£230K03/210.11 mi85, Mount Drive, Marple, Stockport, Greater Manchester SK6 7BD3
£266K01/230.13 mi94, Mount Drive, Marple, Stockport, Greater Manchester SK6 7BD3
£290K12/220.14 mi2, Ecclesbridge Road, Marple, Stockport, Greater Manchester SK6 7PF3
£195K01/210.17 mi53, Mount Drive, Marple, Stockport, Greater Manchester SK6 7BA3
£335K06/230.17 mi11, Mount Drive, Marple, Stockport, Greater Manchester SK6 7BA3
£325K01/230.19 mi6, Hollies Drive, Marple, Stockport, Greater Manchester SK6 7BH3
£195K01/210.21 mi28, Barlow Crescent, Marple, Stockport, Greater Manchester SK6 7PE3
£372K03/230.21 mi111, Church Lane, Marple, Stockport, Greater Manchester SK6 7AY3
£290K06/210.21 mi10a, Barlow Crescent, Marple, Stockport, Greater Manchester SK6 7PE3
£600K12/200.22 mi7a, Ridge Avenue, Marple, Stockport, Greater Manchester SK6 7HJ3
£415K03/210.22 mi10, Ridge Avenue, Marple, Stockport, Greater Manchester SK6 7HJ3
£800K02/230.22 mi9b, Ridge Avenue, Marple, Stockport, Greater Manchester SK6 7HJ3
£237K03/210.22 mi14, East Vale, Marple, Stockport, Greater Manchester SK6 6BP3
£278K03/210.23 mi45, Church Street, Marple, Stockport, Greater Manchester SK6 6BW3
£265K02/210.25 mi17, Lyme Grove, Marple, Stockport, Greater Manchester SK6 7NW3
£265K04/210.25 mi81, Hibbert Lane, Marple, Stockport, Greater Manchester SK6 7NY3
£236K05/210.25 mi3, Chapel Fields, Marple, Stockport, Greater Manchester SK6 7AU3
£400K06/230.27 mi14, Lockside, Marple, Stockport, Greater Manchester SK6 6BN3
£275K09/210.29 mi43, Hibbert Lane, Marple, Stockport, Greater Manchester SK6 7NZ3
£375K11/210.3 mi36, Brookdale Avenue, Marple, Stockport, Greater Manchester SK6 7HP3
£575K02/230.3 mi1, Brookdale Avenue, Marple, Stockport, Greater Manchester SK6 7HP3
£377.5K07/230.3 mi36, Brookdale Avenue, Marple, Stockport, Greater Manchester SK6 7HP3
£377.5K07/230.3 mi36, Brookdale Avenue, Marple, Stockport, Greater Manchester SK6 7HP3
£271K06/230.32 mi18, Hibbert Lane, Marple, Stockport, Greater Manchester SK6 7NL3
£385K05/230.34 mi14, Woodville Drive, Marple, Stockport, Greater Manchester SK6 7QR3
£240K06/210.35 mi60, Church Lane, Marple, Stockport, Greater Manchester SK6 7AW3
£310K02/210.35 mi20, Ridge Road, Marple, Stockport, Greater Manchester SK6 7HN3
£285K12/200.39 mi70, Brindley Avenue, Marple, Stockport, Greater Manchester SK6 7NH3
£215K03/230.39 mi18, Brindley Avenue, Marple, Stockport, Greater Manchester SK6 7NH3
£245K06/210.39 mi28, Carver Road, Marple, Stockport, Greater Manchester SK6 7PS3
£380K09/210.41 mi27, Shepley Lane, Marple, Stockport, Greater Manchester SK6 7JN3
£310K04/210.41 mi33, Church Lane, Marple, Stockport, Greater Manchester SK6 7NQ3
£352K04/210.43 mi41, Hawk Green Road, Marple, Stockport, Greater Manchester SK6 7HR3
£380K06/230.43 mi20, Cedar Road, Marple, Stockport, Greater Manchester SK6 7QP3
£280K12/200.45 mi47, Buxton Lane, Marple, Stockport, Greater Manchester SK6 7QL3
£299.5K03/210.45 mi26, Buxton Lane, Marple, Stockport, Greater Manchester SK6 7QL3
£347.5K03/210.45 mi36, Buxton Lane, Marple, Stockport, Greater Manchester SK6 7QL3
£350K05/230.47 mi39, Woodville Drive, Marple, Stockport, Greater Manchester SK6 7QS3
£320.5K12/200.47 mi27, Church Lane, Marple, Stockport, Greater Manchester SK6 6DE3
£270K12/220.47 mi2, Church Lane, Marple, Stockport, Greater Manchester SK6 6DE3
£325K09/210.48 mi19, Hollins Green Road, Marple, Stockport, Greater Manchester SK6 6AN3
£285K12/220.48 mi20, Hollins Terrace, Marple, Stockport, Greater Manchester SK6 6AT3
£245K05/210.49 mi69, Edwards Way, Marple, Stockport, Greater Manchester SK6 7PY3
£255K11/210.49 mi47, Edwards Way, Marple, Stockport, Greater Manchester SK6 7PY3
£225K10/200.49 mi11, Hazel View, Marple, Stockport, Greater Manchester SK6 7JF3
£310K03/210.5 mi31, Shirley Avenue, Marple, Stockport, Greater Manchester SK6 6DG3
£250K08/210.5 mi37, Shirley Avenue, Marple, Stockport, Greater Manchester SK6 6DG3
£265K02/210.51 mi28, Station Road, Marple, Stockport, Greater Manchester SK6 6AL3
£235K07/210.52 mi36, Barnsfold Road, Marple, Stockport, Greater Manchester SK6 7JB3
£345K05/230.53 mi12, Brydges Road, Marple, Stockport, Greater Manchester SK6 7RA3

Local Rents

50 rents from £595/mo to £1.8K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,80011/240.14 mi-4
£1,10012/240.14 miEcclesbridge Road; Marple. SK63
£1,10012/240.23 miWillow Grove, Marple, Stockport, SK63
£97001/250.23 mi-2
£1,20004/250.25 mi-2
£95011/230.25 mi-2
£85001/250.26 mi-2
£79508/240.29 miHibbert Lane, Marple1
£95012/240.29 miMarket Street, Stockport2
£1,20009/240.3 mi-2
£1,10009/240.3 mi-1
£1,10008/240.3 mi-1
£95008/240.3 mi-1
£95008/240.3 mi-1
£1,25003/250.3 mi-1
£1,25009/240.3 mi-2
£1,65012/240.31 miKinder Drive, Marple, Stockport, SK62
£79512/240.32 miMarket Street, Marple, Stockport, Cheshire, SK61
£69508/230.33 mi-1
£95008/240.35 miQueen Street, Marple. Stockport, SK6 6BQ2
£1,25012/240.35 miBriarwood Crescent, Marple, Stockport, SK63
£1,10008/240.36 miDiamond Terrace, Marple, Stockport, Cheshire, SK62
£79508/240.38 miEast Drive, Marple, Stockport, Cheshire1
£1,20011/230.38 mi Bank Apartments, 53 Stockport Road, Marple, Stockport, SK62
£90012/240.39 miRidge Road, Marple, Stockport1
£97512/240.39 miUpper Hibbert Lane, Marple, Stockport, SK62
£94501/240.39 mi-2
£97509/240.39 mi-2
£99508/240.39 miWindsor Drive, Marple, Stockport, Cheshire, SK62
£1,20004/250.42 mi-2
£75003/250.43 mi-1
£1,05008/230.44 mi-2
£1,05012/240.45 mi Stockport Road, Marple, Stockport, Cheshire, SK62
£89512/240.47 miChurch Lane, Stockport, Greater Manchester, SK62
£1,10003/240.54 mi-2
£1,15010/240.54 mi-2
£1,30012/240.56 miHollingworth Drive, Marple, Stockport3
£85012/240.56 miStockport Road, Marple, Stockport, SK62
£97512/240.56 miFlat 2, 153 Stockport Road, Marple, Greater Manchester, SK62
£97512/240.56 miFlat 4, 153 Stockport Road, Marple, Greater Manchester, SK62
£97512/240.57 miStockport Road, Marple, Stockport, SK62
£1,10008/240.6 miStockport Road, Stockport, SK6 6DN2
£1,00004/240.6 mi-2
£1,20004/240.67 mi-3
£1,25011/230.8 mi-2
£1,50012/240.87 miWindlehurst Road, High Lane, SK64
£1,25008/240.95 miKayswood Road, Marple, Stockport, SK63
£1,20012/240.97 miLower Fold, Marple Bridge, SK62
£59508/231.02 mi-1
£62501/241.02 mi-1

Local Area Statistics

Population in SK6

50,689

Town centre distance

3.39 miles away

Nearest school

0.20 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £250,000

January 16, 2025

Description

  • Three Bedroom Semi Detached +
  • No Onward Chain +
  • Corner Plot with Expansive Garden +
  • Desirable Location +
  • Competitively priced to reflect work required +
  • Exciting Potential +

Brimming with POTENTIAL, this exciting three bedroom semi detached property is ideal for INVESTORS or FAMILIES seeking to UP SIZE and create their DREAM HOME. With a kitchen, bay fronted lounge, three good sized bedrooms and a family bathroom, the interior offers ample space to enjoy. Externally, the residence sits on an expansive CORNER PLOT, benefiting from a large side garden, front garden and a tiered rear garden.  The property is ATTRACTIVELY PRICED to reflect the modernisation required to turn it into fantastic family home. Furthermore, the vendor is not looking to buy another property, so there is NO ONWARD PURCHASE. Marple town centre is within walking distance and offers a variety of local amenities, including independent shops, cafes, pubs, supermarkets and Memorial Park. For families, reputable schools for children of all ages are within close proximity. There are TWO train stations providing a service into Manchester city centre and bus routes leading to Stockport town centre are within walking distance of the property. Viewing is HIGHLY recommended to appreciate all this property has to offer. Call TODAY to register interest.

Agent Details

Edward Mellor Ltd, Marple

0161 524 6040

Next Steps?

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