3 Bed Semi-Detached House, Refurb/BRRR, Stockport, SK5 6HB, £200,000

Fovant Crescent, Stockport, Greater Manchester, SK5 6HB - 1 views - 2 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 3%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£135K - £380K
Sold Prices/m²£1.7K/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£206,000
BMV3%

 

 

End Value (After Refurb)

£227,199

Uplift in Value

+14%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£39,324

Bridging Loan Interest

£5,250

Total Cash In

£103,524

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£227,199

Mortgage (After Refinance)

£170,399

Mortgage LTV

75%

Cash Released

£20,399

Cash Left In

£83,125

Equity

£56,800

Rent Range

£900 - £1,700

Rent Estimate

£1,286

Running Costs/mo

£987

Cashflow/mo

£299

Cashflow/yr

£3,586

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £135K to £380K, average is £214K. £1.7K/m² to £3.9K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£220K02/230.08 mi9, Fovant Crescent, Stockport, Greater Manchester SK5 6HA3
£236.1K11/220.1 mi61, Naseby Road, Reddish, Stockport, Greater Manchester SK5 6EW3
£171K12/210.12 mi62, Churchill Crescent, Stockport, Greater Manchester SK5 6HZ3
£210K11/210.12 mi46, Churchill Crescent, Stockport, Greater Manchester SK5 6HZ3
£200K06/230.13 mi30, Spa Close, Stockport, Greater Manchester SK5 6HW3
£230K12/200.14 mi47, Longford Road West, Stockport, Greater Manchester SK5 6EU3
£323.5K07/230.14 mi25, Longford Road West, Stockport, Greater Manchester SK5 6EU3
£294.5K12/220.15 mi39, Wharfedale Road, Stockport, Greater Manchester SK5 6HE3
£169.5K02/210.15 mi8, Wemyss Avenue, Stockport, Greater Manchester SK5 6ER3
£220K12/220.16 mi163, Gorton Road, Stockport, Greater Manchester SK5 6LG3
£265K04/210.16 mi44, Longford Road West, Stockport, Greater Manchester SK5 6ET3
£200K06/210.17 mi115, Gorton Road, Stockport, Greater Manchester SK5 6EE3
£196K12/200.17 mi117, Gorton Road, Stockport, Greater Manchester SK5 6EE3
£230K03/230.17 mi121, Gorton Road, Stockport, Greater Manchester SK5 6EE3
£165K08/210.21 mi97, Gorton Road, Stockport, Greater Manchester SK5 6EA3
£252K02/230.22 mi17, Balfour Grove, Stockport, Greater Manchester SK5 6UW3
£170K02/210.22 mi6, Spencer Street, Stockport, Greater Manchester SK5 6UH3
£218K02/230.22 mi14, Balfour Grove, Stockport, Greater Manchester SK5 6UW3
£235K07/210.22 mi25, Priory Lane, Stockport, Greater Manchester SK5 6HL3
£260K02/210.24 mi24, Ainsdale Grove, Stockport, Greater Manchester SK5 6UF3
£222.5K12/220.24 mi43, Coleridge Road, Stockport, Greater Manchester SK5 6JU3
£200K02/230.25 mi20, Tennyson Road, Stockport, Greater Manchester SK5 6JQ3
£194K10/210.26 mi14, Ruskin Road, Stockport, Greater Manchester SK5 6JS3
£170K03/210.26 mi46, Harcourt Street, Stockport, Greater Manchester SK5 6XF3
£255K04/230.27 mi11, Chaucer Avenue, Stockport, Greater Manchester SK5 6JF3
£242K05/230.27 mi8, Chaucer Avenue, Stockport, Greater Manchester SK5 6JF3
£220K02/210.27 mi174, Harcourt Street, Stockport, Greater Manchester SK5 6UP3
£160K10/200.28 mi44, Macauley Road, Stockport, Greater Manchester SK5 6JR3
£190K06/210.3 mi22, Sykes Street, Stockport, Greater Manchester SK5 6AL3
£165K02/210.31 mi60, Wordsworth Road, Stockport, Greater Manchester SK5 6JH3
£150K01/210.31 mi3, Criterion Street, Stockport, Greater Manchester SK5 6SA3
£187.5K03/210.31 mi1, Criterion Street, Stockport, Greater Manchester SK5 6SA3
£170K11/200.31 mi78, Browning Road, Stockport, Greater Manchester SK5 6JT3
£272.7K03/230.31 mi26, Harcourt Street, Stockport, Greater Manchester SK5 6UB3
£153K02/210.32 mi78, Olwen Crescent, Stockport, Greater Manchester SK5 6XQ3
£161K07/210.32 mi62, Olwen Crescent, Stockport, Greater Manchester SK5 6XQ3
£185K03/210.32 mi64, Olwen Crescent, Stockport, Greater Manchester SK5 6XQ3
£225K08/210.32 mi28, Higginson Road, Stockport, Greater Manchester SK5 6BG3
£135K06/210.32 mi30, Goldsmith Road, Stockport, Greater Manchester SK5 6JP3
£220K07/210.32 mi18, Farn Avenue, Reddish, Stockport, Greater Manchester SK5 6NQ3
£240K06/210.32 mi27, Hardman Road, Stockport, Greater Manchester SK5 6TZ3
£225K05/210.32 mi11, Hardman Road, Reddish, Stockport, Greater Manchester SK5 6TZ3
£380K07/230.33 mi1, Melanie Drive, Stockport, Greater Manchester SK5 6XJ3
£350K03/230.33 mi34, Melanie Drive, Stockport, Greater Manchester SK5 6XJ3
£175K12/200.34 mi21, Lichfield Avenue, Stockport, Greater Manchester SK5 6BQ3
£220.5K02/210.34 mi19, Lichfield Avenue, Stockport, Greater Manchester SK5 6BQ3
£145K03/230.34 mi18, Luton Road, Stockport, Greater Manchester SK5 6AG3
£208K11/210.35 mi50, Marland Crescent, Stockport, Greater Manchester SK5 6UA3
£197.5K11/200.35 mi62, Marland Crescent, Stockport, Greater Manchester SK5 6UA3
£266K04/230.35 mi43, Marland Crescent, Stockport, Greater Manchester SK5 6UA3

Local Rents

49 rents from £900/mo to £1.7K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20011/240.05 mi-3
£1,40012/240.11 mi-3
£1,50008/240.16 mi-3
£1,65003/250.17 mi-3
£90009/240.17 miIlkley Crescent, Stockport, Greater Manchester, SK53
£95008/240.18 mi-3
£1,30008/240.21 miBalfour Grove, Stockport, Greater Manchester, SK53
£1,10008/240.24 mi-3
£1,60002/250.25 mi-3
£1,20008/240.27 mi-3
£1,20011/230.28 mi-3
£1,10009/240.31 miMelanie Drive, Stockport3
£1,25008/240.31 mi-3
£1,05008/240.31 miCriterion Street, Stockport, Greater Manchester, SK53
£1,60010/240.32 mi-3
£1,45008/240.33 miElisabeth Gardens, SK53
£1,50009/240.33 miElisabeth Gardens, SK53
£1,15009/240.34 miLuton Road, Reddish, Stockport, SK53
£1,20011/230.34 mi-3
£95012/230.34 mi-3
£1,20008/240.35 miOlwen Crescent, Reddish, Stockport, SK53
£1,20009/240.37 miSomers Road, Stockport, Cheshire, SK53
£1,39901/250.39 mi-3
£1,10009/240.4 miBradfield Close, North Reddish, SK53
£1,20009/240.4 miBradfield Close, North Reddish, SK53
£1,60003/250.43 mi-3
£1,19502/250.45 mi-3
£1,10008/240.46 miSomers Road, Stockport3
£1,27503/250.46 mi-3
£1,45003/250.46 mi-3
£1,45008/240.47 miVictoria Mill, Houldsworth Street, Reddish, Greater Manchester, SK53
£1,45009/240.47 miVictoria Mill, Houldsworth Street, Reddish, Greater Manchester, SK53
£1,35008/240.48 miCravenwood Road, Reddish, Stockport, Greater Manchester, SK53
£1,05008/240.52 mi-3
£1,30003/250.53 mi-3
£1,35005/240.54 miShillingford Road, Manchester, Greater Manchester, M183
£1,20005/240.54 miNutmeg Drive, Gorton, Manchester, M183
£1,20009/240.55 miHurst Street, Reddish, Stockport, SK53
£1,50012/240.56 mi-3
£1,10009/240.56 mi-3
£97509/240.59 miWestminster Avenue, Stockport3
£1,60005/240.6 miShillingford Road, Manchester, M183
£1,70005/240.6 mi-3
£1,65012/240.6 mi-3
£1,35012/240.6 mi-3
£1,64510/240.6 mi-3
£1,25009/240.6 miHolcombe Walk, Stockport, SK43
£1,25003/250.61 mi-3
£1,40005/240.62 miPeter Moss Way, Manchester, M193

Local Area Statistics

Population in SK5

29,538

Population in Stockport

181,140

Town centre distance

3.94 miles away

Nearest school

0.30 miles away

Nearest train station

0.46 miles away

 

 

Rental growth (12m)

+28%

Sales demand

Seller's market

Capital growth (5yrs)

+48%

Property History

Listed for £200,000

January 22, 2025

Floor Plans

Description

  • Charming semi-detached property +
  • Spacious reception room +
  • Bright, airy kitchen +
  • Three peaceful bedrooms +
  • Private parking space +
  • Inviting garden area +
  • Unique BBQ area +
  • Close to public transport +
  • Nearby schools and amenities +
  • Great investment opportunity +

Welcome to this charming semi-detached property, currently listed for sale and seeking new owners ready to infuse it with their personal touch. Although the home needs some renovation, it offers a world of potential for those with a vision.

As you step inside, you'll find a welcoming reception room, perfect for cosy family evenings or entertaining guests. The room boasts plenty of space to create a warm and inviting atmosphere, just waiting to be filled with laughter and love.

The kitchen is a bright and airy space, blessed with an abundance of natural light. It provides ample room for dining and is a wonderful place to create culinary masterpieces or enjoy casual family meals.

Upstairs, three bedrooms offer a peaceful retreat for each member of the family. The property also includes a bathroom, ready to be transformed into a calm and relaxing sanctuary.

Outside, the property continues to impress. A private parking space ensures your vehicle's security, while the garden invites you to enjoy the outdoors. The unique BBQ area is a wonderful feature, perfect for hosting summer parties or enjoying quiet family dinners under the stars.

Located conveniently close to public transport links, local amenities, and nearby schools, this property is ideally placed for daily living and commuting.

This home is not only perfect for first-time buyers looking to make their mark but also a great opportunity for investors seeking a valuable addition to their portfolio.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

RED250033/2

Agent Details

Reeds Rains, Reddish

0161 524 5299

Next Steps?

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

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