3 Bed Semi-Detached House, Refurb/BRRR, Stockport, SK4 5HY, £250,000

9 Burnside Avenue, Heaton Chapel, Stockport, SK4 5HY - 4 views - 3 months ago

Sold STC
Refurb/BRRR
~93 m²
+15 photos

ValuationFair Value

Sold Prices£165K - £395K
Sold Prices/m²£1.9K/m² - £5K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£250,000

 

 

End Value (After Refurb)

£319,056

Uplift in Value

+28%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£39,290

Bridging Loan Interest

£6,563

Total Cash In

£118,802

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£319,056

Mortgage (After Refinance)

£239,292

Mortgage LTV

75%

Cash Released

£51,792

Cash Left In

£67,011

Equity

£79,764

Rent Range

£950 - £2,200

Rent Estimate

£1,274

Running Costs/mo

£1,272

Cashflow/mo

£2

Cashflow/yr

£26

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £165K to £395K, average is £290K. £1.9K/m² to £5K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£300K02/230 mi10, Burnside Avenue, Stockport, Greater Manchester SK4 5HY3
£275K01/210 mi11, Burnside Avenue, Stockport, Greater Manchester SK4 5HY3
£210K08/210.03 mi10, Grasmere Avenue, Stockport, Greater Manchester SK4 5HU3
£250K10/210.03 mi21, Grasmere Avenue, Stockport, Greater Manchester SK4 5HU3
£335K01/230.03 mi29, Grasmere Avenue, Stockport, Greater Manchester SK4 5HU3
£285K12/200.04 mi9, Bowness Avenue, Stockport, Greater Manchester SK4 5JA3
£395K05/230.04 mi4, Bowness Avenue, Stockport, Greater Manchester SK4 5JA3
£310K03/210.07 mi52, Briarfield Road, Stockport, Greater Manchester SK4 5HZ3
£261.6K11/210.09 mi14, Marton Grove, Stockport, Greater Manchester SK4 5JQ3
£385K02/230.09 mi15, Marton Grove, Stockport, Greater Manchester SK4 5JQ3
£295K03/230.11 mi40, Melling Avenue, Stockport, Greater Manchester SK4 5JG3
£278.5K03/210.12 mi207, Broadstone Road, Stockport, Greater Manchester SK4 5HP3
£270K01/210.14 mi140, Broadstone Road, Stockport, Greater Manchester SK4 5HR3
£305K08/210.16 mi104, Bollington Road, Stockport, Greater Manchester SK4 5ES3
£330K02/230.17 mi102, Broadstone Road, Stockport, Greater Manchester SK4 5HS3
£340K08/230.18 mi84, Bollington Road, Stockport, Greater Manchester SK4 5ES3
£325K01/210.18 mi82, Bollington Road, Stockport, Greater Manchester SK4 5ES3
£225K12/200.19 mi9, Hurst Street, Stockport, Greater Manchester SK5 7BA3
£230K04/210.19 mi13, Hurst Street, Stockport, Greater Manchester SK5 7BA3
£330K12/200.2 mi19, Hartford Avenue, Stockport, Greater Manchester SK4 5JY3
£290K04/210.2 mi21, Hartford Avenue, Stockport, Greater Manchester SK4 5JY3
£310K06/210.2 mi19, Keswick Road, Stockport, Greater Manchester SK4 5JS3
£200K08/210.21 mi16, Newquay Avenue, Stockport, Greater Manchester SK5 7BQ3
£240K05/210.21 mi2, Newquay Avenue, Stockport, Greater Manchester SK5 7BQ3
£210K12/220.21 mi14, Westminster Avenue, Stockport, Greater Manchester SK5 7AZ3
£372K03/230.22 mi5, Rudyard Grove, Stockport, Greater Manchester SK4 5ND3
£375K06/210.23 mi190, Broadstone Road, Stockport, Greater Manchester SK4 5HW3
£278.5K06/230.23 mi2, Lockton Close, Stockport, Greater Manchester SK5 7SU3
£375K02/230.23 mi8, Ashford Road, Stockport, Greater Manchester SK4 5JX3
£332.5K03/210.24 mi22, Waverton Avenue, Stockport, Greater Manchester SK4 5JT3
£345K04/210.24 mi24, Brookfold Road, Stockport, Greater Manchester SK4 5EL3
£245K03/230.25 mi41, Rowsley Grove, Stockport, Greater Manchester SK5 7BH3
£305K12/200.25 mi37, Keswick Road, Stockport, Greater Manchester SK4 5JU3
£289.9K03/210.28 mi27, Charlbury Avenue, Stockport, Greater Manchester SK5 7SY3
£340K05/230.28 mi24, Rudyard Grove, Stockport, Greater Manchester SK4 5ND3
£255K03/210.29 mi88, Carnforth Road, Stockport, Greater Manchester SK4 5LF3
£385K06/210.3 mi9, Huncoat Avenue, Stockport, Greater Manchester SK4 5HN3
£265K08/210.31 mi32, Carnforth Road, Stockport, Greater Manchester SK4 5LE3
£310K05/210.31 mi34, Carnforth Road, Stockport, Greater Manchester SK4 5LE3
£215K12/220.31 mi2, Chantry Close, Stockport, Greater Manchester SK5 7AD3
£270K07/210.32 mi26, Maypool Drive, Stockport, Greater Manchester SK5 7SZ3
£345K01/230.32 mi59, Three Acres Drive, Stockport, Greater Manchester SK5 7NE3
£360K07/210.32 mi29, Hulme Road, Stockport, Greater Manchester SK4 5HL3
£330K08/210.32 mi38, Halesden Road, Stockport, Greater Manchester SK4 5EH3
£185K03/210.32 mi307, Greg Street, Stockport, Greater Manchester SK5 7BP3
£220K05/210.34 mi19, Knutsford Avenue, Stockport, Greater Manchester SK4 5LQ3
£170K02/210.34 mi116, Blackbrook Road, Stockport, Greater Manchester SK4 5PB3
£165K02/210.34 mi108, Blackbrook Road, Stockport, Greater Manchester SK4 5PB3
£187K01/210.34 mi47, Brentford Road, Stockport, Greater Manchester SK5 7EA3
£287.5K02/230.35 mi9, Appleton Road, Stockport, Greater Manchester SK4 5NA3

Local Rents

21 rents from £950/mo to £2.2K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£97509/240.21 miWestminster Avenue, Stockport3
£1,20009/240.25 miHurst Street, Reddish, Stockport, SK53
£1,50002/200.25 miKeswick Road, Stockport, SK43
£1,45008/240.34 miVictoria Mill, Houldsworth Street, Reddish, Greater Manchester, SK53
£1,45009/240.34 miVictoria Mill, Houldsworth Street, Reddish, Greater Manchester, SK53
£1,25008/240.36 miBlackbrook Road, Heaton Chapel, Stockport, SK43
£1,19502/250.38 mi-3
£1,15002/240.4 mi-3
£1,25009/240.45 miHolcombe Walk, Stockport, SK43
£1,05008/240.45 miConiston Road, Reddish, SK53
£1,15012/240.46 mi-3
£1,37509/240.47 mi4Weston Grove, Stockport, Greater Manchester, SK43
£1,50009/240.49 miWhirley Close, Heaton Chapel, Stockport3
£1,45008/240.5 miElisabeth Gardens, SK53
£1,50009/240.5 miElisabeth Gardens, SK53
£1,60010/240.5 mi-3
£2,20004/250.52 mi-3
£1,25003/250.53 mi-3
£1,15009/240.56 miLuton Road, Reddish, Stockport, SK53
£1,20011/230.57 mi-3
£95012/230.57 mi-3

Local Area Statistics

Population in SK4

34,510

Population in Stockport

181,140

Town centre distance

3.28 miles away

Nearest school

0.20 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-9%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £250,000

January 20, 2025

Floor Plans

Description

  • Three Double Bedrooms +
  • Needs Fully Modernising +
  • Two Reception Rooms +
  • Two Storey Extension +
  • Poor Condition Throughout +
  • Convenient Location +
  • Cul-De-Sac +
  • No Chain Involved! +

A THREE DOUBLE BEDROOM SEMI DETACHED family home built to a traditional bay window design and benefitting from a two storey side extension. The property is ideally situated at the head of a cul-de-sac being free from through traffic and there is a driveway providing off road parking. The accommodation is in need of fully modernising throughout but all the ingredients are there for a purchaser to carry out improvements to their own taste and requirements. Ground floor rooms include a hall, a lounge, a sitting/dining room, a kitchen, a long utility/storage room and there is an attached workshop at the back of the kitchen. Stairs from the hall lead to the first floor where the three excellent double bedrooms and the bathroom will be found. The property has a modern Worcester combination boiler but there are only two radiators in the house. The rear garden is enclosed and will also need tending. Burnside Avenue is conveniently located for local amenities in both The Heatons and Reddish which cater for the everyday wants and needs. For the commuter Heaton Chapel train station is just a 0.8 mile walk away and operates into both Stockport and Manchester centres. The property is freehold and council tax band B. No chain involved!

Agent Details

John Mellor Independent Estate Agents, Heaton Moor

0161 524 4074

Next Steps?

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