3 Bed Bungalow, Refurb/BRRR, Bredbury, SK6 8DE, £425,000

Manifold Drive, High Lane, Stockport, SK6 8DE - 1 views - 3 months ago

Refurb/BRRR

~93 m²

+15 photos

ValuationOvervalued

Sold Prices	£100K - £680K
Sold Prices/m²	£2.4K/m² - £5.3K/m²

Square Metres	~93 m²
Price/m²	£4.6K/m²
Value Estimate	£333,277£333,277

End Value (After Refurb)	£422,500£422,500

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£106,250£106,250
Stamp Duty & Legal Fees	£22,700£22,700
Refurb Costs	£39,324£39,324
Bridging Loan Interest	£11,156£11,156
Total Cash In	£181,180£181,180

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£422,500£422,500
Mortgage (After Refinance)	£316,875£316,875
Mortgage LTV	75%75%
Cash Left In	£181,180£181,180
Equity	£105,625£105,625
Rent Range	£625 - £3,500£625 - £3,500
Rent Estimate	£1,208
Running Costs/mo	£1,582£1,582
Cashflow/mo	£-374£-374
Cashflow/yr	£-4,487£-4,487
Gross Yield	3%3%

Local Sold Prices

38 sold prices from £100K to £680K, average is £354K. £2.4K/m² to £5.3K/m², average is £3.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£400K	09/21	0.03 mi	11, Ashbourne Drive, High Lane, Stockport, Greater Manchester SK6 8DB	£4,494	89	3	Detached House
£350K	03/21	0.04 mi	23, Ashbourne Drive, High Lane, Stockport, Greater Manchester SK6 8DB	-	-	3	Detached House
£295K	06/21	0.12 mi	4, Haddon Close, High Lane, Stockport, Greater Manchester SK6 8DD	-	-	3	Detached House
£600K	06/21	0.16 mi	17, Fletcher Drive, Disley, Stockport, Greater Manchester SK12 2ND	£4,196	143	3	Detached House
£392.5K	12/20	0.17 mi	22, Brookside Lane, High Lane, Stockport, Greater Manchester SK6 8HL	£3,703	106	3	Detached House
£370K	08/21	0.17 mi	8, Brookside Lane, High Lane, Stockport, Greater Manchester SK6 8HL	-	-	3	Detached House
£325K	03/21	0.17 mi	7, Holly Road, High Lane, Stockport, Greater Manchester SK6 8HW	£3,066	106	3	Semi-Detached House
£420K	12/20	0.24 mi	6, Elmsway, High Lane, Stockport, Greater Manchester SK6 8BT	£5,282	80	3	Detached House
£285K	09/21	0.26 mi	1, Andrew Lane, High Lane, Stockport, Greater Manchester SK6 8HT	£3,220	89	3	Semi-Detached House
£320K	04/23	0.27 mi	21, Thornway, High Lane, Stockport, Greater Manchester SK6 8EL	-	-	3	Detached House
£395K	03/21	0.31 mi	6, Carr Brow, High Lane, Stockport, Greater Manchester SK6 8EX	-	-	3	Detached House
£382.5K	01/21	0.31 mi	4, Carr Brow, High Lane, Stockport, Greater Manchester SK6 8EX	£3,477	110	3	Detached House
£360K	01/21	0.32 mi	8, South Meadway, High Lane, Stockport, Greater Manchester SK6 8EJ	£4,091	88	3	Detached House
£290K	03/21	0.39 mi	2, Russell Avenue, High Lane, Stockport, Greater Manchester SK6 8DT	£3,494	83	3	Semi-Detached House
£320K	03/23	0.39 mi	42, Russell Avenue, High Lane, Stockport, Greater Manchester SK6 8DT	-	-	3	Semi-Detached House
£425K	06/21	0.42 mi	8, Linden Way, High Lane, Stockport, Greater Manchester SK6 8ET	£3,400	125	3	Detached House
£240K	03/21	0.48 mi	61, Lynton Drive, High Lane, Stockport, Greater Manchester SK6 8JF	£3,243	74	3	Semi-Detached House
£292K	12/20	0.48 mi	37, Lynton Drive, High Lane, Stockport, Greater Manchester SK6 8JF	£2,433	120	3	Semi-Detached House
£315K	05/23	0.5 mi	21, Langdale Close, High Lane, Stockport, Greater Manchester SK6 8JG	-	-	3	Semi-Detached House
£345K	12/20	0.58 mi	71, Windermere Road, High Lane, Stockport, Greater Manchester SK6 8AJ	£3,750	92	3	Detached House
£364.5K	12/20	0.58 mi	55, Windermere Road, High Lane, Stockport, Greater Manchester SK6 8AJ	£2,804	130	3	Detached House
£362.5K	03/21	0.58 mi	62, Windermere Road, High Lane, Stockport, Greater Manchester SK6 8AJ	£2,832	128	3	Detached House
£484.5K	04/23	0.59 mi	9, Keswick Road, High Lane, Stockport, Greater Manchester SK6 8AP	£3,563	136	3	Detached House
£325K	11/20	0.63 mi	56, Windlehurst Road, High Lane, Stockport, Greater Manchester SK6 8AB	£3,611	90	3	Detached House
£335K	12/20	0.66 mi	10, Arnside Close, High Lane, Stockport, Greater Manchester SK6 8AN	£3,350	100	3	Detached House
£371K	11/20	0.66 mi	7, Arnside Close, High Lane, Stockport, Greater Manchester SK6 8AN	£3,673	101	3	Detached House
£330K	11/20	0.66 mi	18, Derwent Road, High Lane, Stockport, Greater Manchester SK6 8AT	£2,519	131	3	Detached House
£315K	03/21	0.69 mi	Cemar, Buxton Road, High Lane, Stockport, Greater Manchester SK6 8AY	-	-	3	Semi-Detached House
£355K	08/23	0.71 mi	10, Windermere Road, High Lane, Stockport, Greater Manchester SK6 8AH	£3,586	99	3	Semi-Detached House
£354K	07/23	0.71 mi	11, Windermere Road, High Lane, Stockport, Greater Manchester SK6 8AH	£4,264	83	3	Semi-Detached House
£354K	07/23	0.71 mi	11, Windermere Road, High Lane, Stockport, Greater Manchester SK6 8AH	£4,264	83	3	Semi-Detached House
£299.9K	06/21	0.71 mi	23, Windermere Road, High Lane, Stockport, Greater Manchester SK6 8AH	£3,614	83	3	Semi-Detached House
£100K	08/23	0.74 mi	45, Grasmere Crescent, High Lane, Stockport, Greater Manchester SK6 8AL	-	-	3	Semi-Detached House
£350K	02/21	0.75 mi	55, Windlehurst Road, High Lane, Stockport, Greater Manchester SK6 8AE	£3,398	103	3	Semi-Detached House
£525K	06/21	0.85 mi	Kenilworth, Middlewood Road, Poynton, Stockport, Cheshire East SK12 1TU	£4,773	110	3	Detached House
£550K	11/20	0.9 mi	11, Lymewood Drive, Disley, Stockport, Cheshire SK12 2LD	£3,691	149	3	Detached House
£411K	03/21	0.97 mi	26, Carleton Road, Poynton, Stockport, Cheshire SK12 1TL	£3,451	119	3	Detached House
£680K	04/23	0.97 mi	52, Carleton Road, Poynton, Stockport, Cheshire East SK12 1TL	£5,231	130	3	Semi-Detached House

Local Rents

50 rents from £625/mo to £3.5K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£850	12/24	0.2 mi	Buxton Road, High Lane, Stockport, Cheshire, SK6	1	Flat
£875	12/23	0.2 mi	-	2	Terraced House
£775	12/24	0.23 mi	150A Buxton Road, High Lane	1	Flat
£3,500	09/24	0.27 mi	Buxton Road; Disley. SK12	4	House
£1,200	12/24	0.37 mi	Meadway, High Lane, Stockport, SK6	2	Bungalow
£1,500	03/25	0.4 mi	-	1	Bungalow
£1,000	10/24	0.43 mi	-	2	Flat
£1,200	09/24	0.46 mi	8 The Pines; Buxton Road West. SK12	2	Flat
£940	09/24	0.57 mi	-	2	Flat
£940	11/24	0.57 mi	-	2	Flat
£2,000	09/24	1 mi	Apartment 6 Dunwood, Homestead Road, Disley	3	Flat
£1,700	08/24	1.12 mi	Buxton Road West, Disley	2	Flat
£1,250	09/24	1.12 mi	Buxton Road West, Disley	2	Flat
£1,250	09/24	1.12 mi	Buxton Road West, Disley	2	Flat
£1,500	09/24	1.12 mi	Buxton Road West, Disley, Stockport	2	Flat
£1,500	12/24	1.14 mi	Windlehurst Road, High Lane, SK6	4	Semi-Detached House
£1,000	08/24	1.28 mi	St. Marys Road, Disley, Stockport, Cheshire, SK12	3	Detached House
£1,500	08/24	1.37 mi	Hollinwood Road; Disley. SK12	3	Flat
£1,950	08/24	1.41 mi	-	3	Semi-Detached House
£1,300	12/24	1.42 mi	Hollingworth Drive, Marple, Stockport	3	Semi-Detached House
£900	02/24	1.46 mi	-	2	Terraced House
£900	03/24	1.46 mi	-	2	Terraced House
£900	01/25	1.46 mi	-	2	Terraced House
£900	08/24	1.46 mi	Buxton Road, Disley, Stockport, SK12	2	Terraced House
£675	08/24	1.47 mi	Buxton Road, Disley, Stockport	1	Flat
£1,550	09/24	1.48 mi	Buxton Old Road; Disley. SK12	3	Semi-Detached House
£1,000	08/24	1.52 mi	Redhouse Lane, Disley, Stockport	2	Terraced House
£1,100	08/24	1.54 mi	Chantry Road, Disley, Stockport	3	Flat
£1,050	08/23	1.56 mi	-	2	Terraced House
£1,750	09/24	1.57 mi	Buxton Old Road, Disley, Stockport	3	Detached House
£625	08/24	1.58 mi	-	1	Flat
£945	01/24	1.59 mi	-	2	Terraced House
£975	09/24	1.59 mi	-	2	Terraced House
£975	12/24	1.59 mi	Upper Hibbert Lane, Marple, Stockport, SK6	2	Terraced House
£795	08/24	1.6 mi	East Drive, Marple, Stockport, Cheshire	1	Flat
£1,100	08/24	1.62 mi	Diamond Terrace, Marple, Stockport, Cheshire, SK6	2	Terraced House
£1,250	12/24	1.63 mi	Briarwood Crescent, Marple, Stockport, SK6	3	Semi-Detached House
£1,200	02/25	1.64 mi	-	2	Bungalow
£925	08/24	1.64 mi	Middlewood Road, SK12	2	Flat
£1,650	08/24	1.66 mi	Storey Road, Disley, Stockport	4	Detached House
£900	12/24	1.66 mi	Ridge Road, Marple, Stockport	1	Flat
£1,500	09/24	1.66 mi	Storey Road, Disley	4	Detached House
£650	08/24	1.7 mi	-	1	Semi-Detached House
£795	12/24	1.71 mi	-	1	Semi-Detached House
£795	01/25	1.71 mi	-	1	Semi-Detached House
£1,100	08/24	1.75 mi	Cherry Tree Drive, Hazel Grove, Stockport, Cheshire, SK7	2	Flat
£2,600	08/24	1.8 mi	Towers Road, Poynton, Stockport, Cheshire, SK12	4	Detached House
£1,650	08/24	1.81 mi	Charlecote Road,Poynton,SK12	4	Flat
£800	08/24	1.83 mi	Dunvegan Road, Hazel Grove, Stockport	2	Flat
£1,100	08/24	1.84 mi	Torkington Manor, Torkington Road, Stockport, SK7	2	Flat

Local Area Statistics

Population in SK6	50,68950,689
Town centre distance	4.90 miles away4.90 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.64 miles away0.64 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-5%-5%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+38%+38%

Property History

Listed for £425,000

January 18, 2025

Floor Plans

Description

Three Bedrooms +
Spacious Detached Bungalow +
Substantial Freehold Plot +
Garage With Potting Shed +
Sunroom +
uPVC Double Glazing & Gas Central Heating +
Chain Free +
Requires Some Modernisation +

Ian Tonge Property Services are delighted to offer for sale this three bedroomed detached bungalow which commands an excellent spacious freehold plot on a desirable road in High Lane. The property does require some modernisation, but offers the potential buyer the opportunity to improve to their own standards. The accommodation briefly comprises of entrance porch, hallway, good size living/dining room, sunroom, breakfast kitchen, three bedrooms and shower room. Outside there are beautiful private gardens, single garage and potting shed. The property also benefits from uPVC double glazing, gas central heating and is chain free.

Agent Details

Ian Tonge Property Services Limited, High Lane

0161 524 7425

Next Steps?

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