2 Bed Terraced House, Refurb/BRRR, Stockport, SK7 4JQ, £230,000

Wesley Street, Hazel Grove, Stockport, Cheshire, SK7 4JQ - 2 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£139K - £327.5K
Sold Prices/m²£1.5K/m² - £5.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.4K/m²

Value Estimate

£178,630

 

 

End Value (After Refurb)

£202,875

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£28,709

Bridging Loan Interest

£6,038

Total Cash In

£102,097

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£202,875

Mortgage (After Refinance)

£152,156

Mortgage LTV

75%

Cash Left In

£102,097

Equity

£50,719

Rent Range

£850 - £1,400

Rent Estimate

£1,038

Running Costs/mo

£862

Cashflow/mo

£176

Cashflow/yr

£2,117

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £139K to £327.5K, average is £185.8K. £1.5K/m² to £5.2K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£196K08/210.08 mi41, Chapel Street, Hazel Grove, Stockport, Greater Manchester SK7 4HW2
£203K06/210.08 mi23, Chapel Street, Hazel Grove, Stockport, Greater Manchester SK7 4HW2
£219.5K07/230.08 mi27, Chapel Street, Hazel Grove, Stockport, Greater Manchester SK7 4HW2
£148K04/210.08 mi31, Chapel Street, Hazel Grove, Stockport, Greater Manchester SK7 4HW2
£182K04/210.08 mi25, Chapel Street, Hazel Grove, Stockport, Greater Manchester SK7 4HW2
£182.5K05/230.09 mi55, Chapel Street, Hazel Grove, Stockport, Greater Manchester SK7 4JH2
£219K10/210.12 mi47, Hazel Street, Hazel Grove, Stockport, Greater Manchester SK7 4JR2
£190K12/210.12 mi31, Hazel Street, Hazel Grove, Stockport, Greater Manchester SK7 4JR2
£165K05/210.12 mi28, Hazel Street, Hazel Grove, Stockport, Greater Manchester SK7 4JR2
£195K11/200.12 mi53, Hazel Street, Hazel Grove, Stockport, Greater Manchester SK7 4JR2
£210K07/230.12 mi10, Hazel Street, Hazel Grove, Stockport, Greater Manchester SK7 4JR2
£195K02/230.13 mi34, Grove Street, Hazel Grove, Stockport, Greater Manchester SK7 4JW2
£184K05/230.13 mi10, Grove Street, Hazel Grove, Stockport, Greater Manchester SK7 4JW2
£210K10/210.14 mi9, Co Operative Street, Hazel Grove, Stockport, Greater Manchester SK7 4JN2
£265K07/230.14 mi7, Co Operative Street, Hazel Grove, Stockport, Greater Manchester SK7 4JN2
£197K10/210.14 mi16, Grove Street, Hazel Grove, Stockport, Greater Manchester SK7 4JW2
£195K11/220.16 mi10, Pineapple Street, Hazel Grove, Stockport, Greater Manchester SK7 4PR2
£167K10/200.16 mi6, Pineapple Street, Hazel Grove, Stockport, Greater Manchester SK7 4PR2
£148.3K02/210.17 mi7, Grundey Street, Hazel Grove, Stockport, Greater Manchester SK7 4EU2
£168K04/210.17 mi18, Grundey Street, Hazel Grove, Stockport, Greater Manchester SK7 4EU2
£182K04/210.17 mi10, Grundey Street, Hazel Grove, Stockport, Greater Manchester SK7 4EU2
£170K02/210.19 mi13, Spring Gardens, Hazel Grove, Stockport, Greater Manchester SK7 4AE2
£210K03/230.2 mi10, Napier Street, Hazel Grove, Stockport, Greater Manchester SK7 4EW2
£141.5K04/210.2 mi30a, Napier Street, Hazel Grove, Stockport, Greater Manchester SK7 4EH2
£220K02/230.21 mi36, Commercial Road, Hazel Grove, Stockport, Greater Manchester SK7 4AA2
£172K01/230.21 mi36, Chester Road, Hazel Grove, Stockport, Greater Manchester SK7 5NU2
£231.1K10/220.22 mi27, Chester Road, Hazel Grove, Stockport, Greater Manchester SK7 5NU2
£225K04/230.22 mi51, Chester Road, Hazel Grove, Stockport, Greater Manchester SK7 5NU2
£184K04/210.22 mi36, Hope Street, Hazel Grove, Stockport, Greater Manchester SK7 4EL2
£184K04/210.22 mi36, Hope Street, Hazel Grove, Stockport, Greater Manchester SK7 4EL2
£202.8K12/220.23 mi28, Lever Street, Hazel Grove, Stockport, Greater Manchester SK7 4EN2
£145K05/210.23 mi3, Marsland Street, Hazel Grove, Stockport, Greater Manchester SK7 4ER2
£167K03/210.23 mi38, Hope Street, Hazel Grove, Stockport, Greater Manchester SK7 4EL2
£167.5K02/210.23 mi8, Lever Street, Hazel Grove, Stockport, Greater Manchester SK7 4EN2
£140.5K03/210.23 mi12, Lever Street, Hazel Grove, Stockport, Greater Manchester SK7 4EN2
£175K12/200.25 mi47, Napier Street, Hazel Grove, Stockport, Greater Manchester SK7 4EH2
£139K04/210.25 mi7, Station Street, Hazel Grove, Stockport, Greater Manchester SK7 4EX2
£160K11/200.26 mi8, Cooke Street, Hazel Grove, Stockport, Greater Manchester SK7 4EG2
£164.5K01/210.26 mi6, Cooke Street, Hazel Grove, Stockport, Greater Manchester SK7 4EG2
£305K05/230.27 mi1, Kintore Avenue, Hazel Grove, Stockport, Greater Manchester SK7 4QJ2
£197K01/210.27 mi13, Ash Street, Hazel Grove, Stockport, Greater Manchester SK7 4EQ2
£272K07/210.27 mi15, Davenport Road, Hazel Grove, Stockport, Greater Manchester SK7 4EZ2
£327.5K11/200.28 mi42, Braemar Road, Hazel Grove, Stockport, Greater Manchester SK7 4QH2
£187.5K04/210.3 mi5, Yeoman Close, Hazel Grove, Stockport, Greater Manchester SK7 4AY2
£210K05/230.32 mi42, Overton Crescent, Hazel Grove, Stockport, Greater Manchester SK7 4LF2
£249K07/210.32 mi11, Norbury Grove, Hazel Grove, Stockport, Greater Manchester SK7 5NX2
£165K03/210.33 mi4, Stanley Avenue, Hazel Grove, Stockport, Greater Manchester SK7 4ED2
£180.6K02/230.33 mi4, Stanley Avenue, Hazel Grove, Stockport, Greater Manchester SK7 4ED2
£205K08/210.36 mi10, Farndon Avenue, Hazel Grove, Stockport, Greater Manchester SK7 4LL2
£155K07/210.36 mi27, Nelson Street, Hazel Grove, Stockport, Greater Manchester SK7 4LR2

Local Rents

34 rents from £850/mo to £1.4K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£92512/230.07 mi-2
£1,35011/240.1 mi-2
£1,10012/240.14 miHazel Street, Hazel Grove, Stockport, SK7 4JR2
£95012/240.15 miFlat 7 Dale House 204, London Road, Stockport, SK72
£1,15003/240.15 mi-2
£1,15008/240.15 miHazel St, Stockport, SK72
£97508/240.16 miPineapple Street, Hazel Grove, Stockport, Cheshire, SK72
£1,10012/240.16 miGrundey Street, Hazel Grove, Stockport, Greater Manchester, SK72
£1,10006/230.16 mi-2
£1,20007/240.16 mi-2
£95012/240.22 miHatherlow Lane, Hazel Grove2
£95004/250.23 mi-2
£90012/240.24 miLondon Road, Hazel Grove, Stockport, SK72
£89504/230.31 mi-2
£1,05006/230.31 mi-2
£1,09507/240.31 mi-2
£95012/240.31 miSchool Street, Stockport, Greater Manchester, SK72
£95001/240.32 mi-2
£1,40012/240.32 mi-2
£95008/240.33 miGordon avenue SK72
£1,05012/240.33 miGrosvenor Street, Stockport, Greater Manchester, SK72
£1,15008/240.33 miStanely Avenue, Hazel Grove2
£1,00006/240.36 mi-2
£89508/240.37 miNelson Street, Hazel Grove, Stockport, Cheshire, SK72
£1,20003/250.39 mi-2
£1,10006/240.4 mi-2
£1,12512/240.42 miPeter Street, Hazel Grove, Stockport, Greater Manchester, SK72
£85008/240.45 miNewbourne Close, Hazel Grove, Stockport, Cheshire, SK7 5AE2
£97508/240.46 miTorkington Road, Stockport, Cheshire, SK72
£95008/230.47 mi-2
£1,00009/230.53 mi-2
£1,00009/230.53 mi-2
£99507/230.61 mi-2
£99510/240.61 mi-2

Local Area Statistics

Population in SK7

40,669

Population in Stockport

181,140

Town centre distance

0.73 miles away

Nearest school

0.10 miles away

Nearest train station

0.29 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Listed for £230,000

January 27, 2025

Floor Plans

Description

  • BEAUTIFUL TWO BEDROOM VICTORIAN TERRACED PROPERTY +
  • WALKING DISTANCE TO HAZEL GROVE TRAIN STATION & LOCAL AMENITIES +
  • PERMIT PARKING +
  • GENEROUS DOUBLE BEDROOM WITH FIREPLACE & BUILT IN WARDROBE +
  • GORGEOUSLY ADORNED LOUNGE +
  • THREE PIECE FAMILY BATHROOM WITH BUILT IN STORAGE +
  • SUBSTANTIAL KITCHEN WITH SPACIOUS PANTRY +
  • LANDSCAPED GARDEN ENTAILING TWO OUT-HOUSES +

A beautifully presented, two bedroom Victorian terraced property with brilliant modernisation and spacious living accommodation throughout; which includes a sizeable living room leading into a modern kitchen, large double bedroom, single bedroom, a stunning three piece family bathroom and tall ceilings throughout providing the property a very spacious atmosphere.

Upon entry to the ground floor of this property you are greeted with a porch area, beautifully decorated living room accommodation entails large windows allowing natural light to flood in and a very charming fireplace, following through into the modernised kitchen which comprises of; integral oven, hob, extractor fan, space for white goods and generously sized pantry which is ideal for storage.

Following into the first floor accommodation; generous double master bedroom adorned with a fireplace and built-in wardrobe allowing further storage, plus an additional bedroom which can also be used as an office or study, stunningly tiled three piece family bathroom which entails an over head shower and bath, WC, wash basin and built in spacious storage cupboard.

At the rear of the property; an easy to maintain garden with two out-houses with the potential to be converted into utility or pantry, and stone patio area at the end which is ideal for seating.

Tenure - Freehold Council Tax Band - B EPC - E Property construction - Brick

Utilities: Water supply - Mains Electricity Supply - Mains Sewerage - Mains Heating - Gas central heating

Parking - Permit Street Parking Estimate Broadband Speeds Overall - 1000Mbps Mobile Phone coverage - Limited to Likely

Any other relevant building information we are aware of: Rights and restrictions we are aware of - No Has the property flooded in the last 5 years - No

Agent Details

Lawler & Co, Hazel Grove

0161 524 8681

Next Steps?

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