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3 Bed Semi-Detached House, Refurb/BRRR, Stockport, SK3 0TS, £280,000

194 Edgeley Road, Edgeley, Stockport, SK3 0TS - 3 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~92 m²
+5 photos

ValuationFair Value

Sold Prices£171K - £460K
Sold Prices/m²£2.3K/m² - £4.2K/m²

 

 

Square Metres

~92.20 m²
Price/m²£3K/m²

Value Estimate

£275,395

 

 

End Value (After Refurb)

£288,341

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£19,200

Refurb Costs

£38,863

Bridging Loan Interest

£7,350

Total Cash In

£137,163

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£288,341

Mortgage (After Refinance)

£216,256

Mortgage LTV

75%

Cash Released

£6,256

Cash Left In

£130,907

Equity

£72,085

Rent Range

£1,095 - £2,000

Rent Estimate

£1,389

Running Costs/mo

£1,199

Cashflow/mo

£190

Cashflow/yr

£2,282

ROI

2%

Gross Yield

6%

Local Sold Prices

52 sold prices from £171K to £460K, average is £270.8K. £2.3K/m² to £4.2K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£310K01/230.04 mi168, Edgeley Road, Stockport, Greater Manchester SK3 0TS3
£248K01/210.07 mi7, Rushton Road, Stockport, Greater Manchester SK3 0UR3
£212K12/200.07 mi3, Rushton Road, Stockport, Greater Manchester SK3 0UR3
£350K10/230.07 mi10, Rushton Road, Stockport, Greater Manchester SK3 0UR3
£235K02/210.1 mi52, Kensington Road, Stockport, Greater Manchester SK3 0UF3
£274K02/230.1 mi67, Kensington Road, Stockport, Greater Manchester SK3 0UF3
£230K07/210.11 mi29, Royon Drive, Stockport, Greater Manchester SK3 0TA3
£239.9K01/210.11 mi46, Royon Drive, Stockport, Greater Manchester SK3 0TA3
£171K03/210.11 mi11, Willdor Grove, Stockport, Greater Manchester SK3 0TW3
£300K04/230.11 mi14, Willdor Grove, Stockport, Greater Manchester SK3 0TW3
£220K12/200.12 mi22, Naples Road, Stockport, Greater Manchester SK3 0TN3
£211K05/210.12 mi41, Naples Road, Stockport, Greater Manchester SK3 0TN3
£220K09/210.12 mi32, Naples Road, Stockport, Greater Manchester SK3 0TN3
£277K12/210.12 mi10, Naples Road, Stockport, Greater Manchester SK3 0TN3
£290K12/200.13 mi18, Tenby Road, Stockport, Greater Manchester SK3 0UN3
£285K04/210.13 mi28, Tenby Road, Stockport, Greater Manchester SK3 0UN3
£258K12/200.13 mi39, Tenby Road, Stockport, Greater Manchester SK3 0UN3
£200K12/200.14 mi12, Bird Hall Lane, Stockport, Greater Manchester SK3 0RS3
£385K09/210.15 mi122, Edgeley Road, Stockport, Greater Manchester SK3 0TT3
£249K03/210.15 mi23, The Circuit, Stockport, Greater Manchester SK3 9RN3
£213.2K12/200.16 mi3, Woodbury Road, Stockport, Greater Manchester SK3 0SF3
£320.9K05/210.16 mi16, Sherborne Road, Stockport, Greater Manchester SK3 0RW3
£298K06/210.16 mi17, Sherborne Road, Stockport, Greater Manchester SK3 0RW3
£460K05/230.16 mi217, Edgeley Road, Stockport, Greater Manchester SK3 0TL3
£267.5K02/210.17 mi115, Avondale Road, Stockport, Greater Manchester SK3 0WD3
£292K11/210.17 mi113, Avondale Road, Stockport, Greater Manchester SK3 0WD3
£265K07/230.17 mi127a, Avondale Road, Stockport, Greater Manchester SK3 0WD3
£265K07/230.17 mi127a, Avondale Road, Stockport, Greater Manchester SK3 0WD3
£365K01/230.17 mi137, Avondale Road, Stockport, Greater Manchester SK3 0WD3
£330K01/230.18 mi10, Huntley Road, Stockport, Greater Manchester SK3 0RP3
£287K07/230.19 mi5, Plymouth Grove, Stockport, Greater Manchester SK3 0UG3
£287K07/230.19 mi5, Plymouth Grove, Stockport, Greater Manchester SK3 0UG3
£247K03/210.19 mi21, Huntley Road, Stockport, Greater Manchester SK3 0RP3
£175K01/210.19 mi11, Plymouth Grove, Stockport, Greater Manchester SK3 0UG3
£209K11/200.2 mi3, Cashmere Road, Stockport, Greater Manchester SK3 9RP3
£283K05/210.2 mi32, Cashmere Road, Stockport, Greater Manchester SK3 9RP3
£260K08/230.2 mi4, Cashmere Road, Stockport, Greater Manchester SK3 9RP3
£291K12/200.22 mi94, Avondale Road, Stockport, Greater Manchester SK3 0DA3
£245K05/210.22 mi19, Orchard Vale, Stockport, Greater Manchester SK3 9RS3
£210K08/210.22 mi18, Orchard Vale, Stockport, Greater Manchester SK3 9RS3
£285K05/230.22 mi40, Orchard Vale, Stockport, Greater Manchester SK3 9RS3
£276K08/230.22 mi30, Orchard Vale, Stockport, Greater Manchester SK3 9RS3
£345K02/230.22 mi96, Avondale Road, Stockport, Greater Manchester SK3 0DA3
£355K03/230.23 mi52, Scholars Drive, Stockport, Greater Manchester SK3 0BS3
£279K05/210.23 mi23, Scholars Drive, Stockport, Greater Manchester SK3 0BX3
£300K04/210.23 mi3, Scholars Drive, Stockport, Greater Manchester SK3 0BX3
£255K03/210.24 mi93, Cheadle Old Road, Stockport, Greater Manchester SK3 9RH3
£280K03/230.24 mi7, Tillard Avenue, Cheadle Heath, Stockport, Greater Manchester SK3 0UB3
£265K06/210.25 mi35, Sherborne Road, Stockport, Greater Manchester SK3 0SN3
£274K09/210.25 mi51, Sherborne Road, Stockport, Greater Manchester SK3 0SN3
£250K11/200.26 mi4, Hythe Road, Stockport, Greater Manchester SK3 0JQ3
£240K06/210.26 mi8, Hythe Road, Stockport, Greater Manchester SK3 0JQ3

Local Rents

24 rents from £1.1K/mo to £2K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20008/240.24 miShaftsbury road Cheadle Heath SK33
£1,30012/240.27 miCheltenham Road, Stockport, Greater Manchester, SK3 0SL3
£1,30008/240.33 mi-3
£1,30008/240.33 miAvondale Road, Stockport, SK33
£1,49502/250.35 mi-3
£1,75012/240.35 mi-3
£1,55012/240.36 miEuropa Way, Cheadle, Stockport SK33
£2,00003/250.38 mi-3
£1,20008/240.39 miBirchfield Road, Stockport, Greater Manchester, SK33
£1,45012/240.43 miPetersburg Road, Edgeley, Stockport, SK33
£1,65001/250.44 mi-3
£1,45012/240.44 miSykes Meadow, Stockport, Cheshire, SK33
£1,30012/240.44 miStockport Road, Cheadle Heath, Stockport, SK3 0RG3
£1,25008/240.45 miChatham Street, Edgeley, Stockport, SK33
£1,60008/240.49 mi-3
£1,30012/240.49 miDorrington Road, Stockport, SK33
£1,10008/240.49 miGladville Drive, Cheadle, Cheshire, SK83
£1,09512/240.55 mi-3
£1,70012/240.57 miParkway SK33
£1,35003/250.58 mi-3
£1,10008/240.6 miJennings Street, Stockport, SK3 9BX3
£1,25007/240.62 mi-3
£1,25001/240.62 mi-3
£1,39012/240.62 mi-3

Links

Local Area Statistics

Population in SK3

27,923

Population in Stockport

181,140

Town centre distance

2.42 miles away

Nearest school

0.20 miles away

Nearest train station

0.98 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Listed for £280,000

January 21, 2025

Floor Plans

Description

  • Spacious Family Home +
  • Great Location +
  • Off Road Parking +
  • In Need Of Modernisation +
  • Extended Kitchen +
  • Conservatory +
  • Council Tab Band - B +
  • EPC Rating - TBC +

Reside Stockport is delighted to present this spacious and extended three-bedroom family home to the market. While the property requires modernisation, it offers an excellent opportunity for buyers looking to personalise and create their ideal home.

Conveniently situated, the property benefits from excellent transport and motorway links to Manchester and Stockport town centre, which offers a vibrant selection of independent cafés, local amenities, bars, and restaurants.

The ground floor of this charming home comprises a welcoming entrance hallway, an open-plan lounge and dining area with a bay window, and an extended kitchen featuring a side door that opens to the rear garden.

The first floor includes two well-proportioned bedrooms, with the primary bedroom showcasing a bay window, a third single bedroom, and a family bathroom.

Externally, the property boasts ample off-road parking at the front, while the rear features a patio garden, perfect for entertaining.

Early viewing is highly recommended!

Agent Details

Reside, Stockport

0161 524 2829

Next Steps?

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

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