3 Bed Semi-Detached House, Refurb/BRRR, Stockport, SK3 8RF, £200,000

Ashburton Road, Adswood, SK3 8RF - 5 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+4 photos

ValuationFair Value

Sold Prices£103K - £405K
Sold Prices/m²£1.9K/m² - £7.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£204,000

 

 

End Value (After Refurb)

£245,417

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£39,200

Bridging Loan Interest

£5,250

Total Cash In

£103,400

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£245,417

Mortgage (After Refinance)

£184,062

Mortgage LTV

75%

Cash Released

£34,062

Cash Left In

£69,338

Equity

£61,354

Rent Range

£1,095 - £2,300

Rent Estimate

£1,433

Running Costs/mo

£1,074

Cashflow/mo

£359

Cashflow/yr

£4,314

ROI

4%

Gross Yield

9%

Local Sold Prices

52 sold prices from £103K to £405K, average is £240.5K. £1.9K/m² to £7.1K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£175K04/210.03 mi48, Ashburton Road, Stockport, Greater Manchester SK3 8RF3
£163K12/200.04 mi24, Rostherne Road, Stockport, Greater Manchester SK3 8RB3
£170K11/200.04 mi14, Northcombe Road, Stockport, Greater Manchester SK3 8RD3
£230K12/210.04 mi5, Northcombe Road, Stockport, Greater Manchester SK3 8RD3
£215K05/210.07 mi11, Goodwood Drive, Stockport, Greater Manchester SK3 8XB3
£215K05/210.07 mi11, Goodwood Drive, Stockport, Greater Manchester SK3 8XB3
£305K07/230.08 mi33, Alderley Way, Stockport, Greater Manchester SK3 8XL3
£190K10/210.13 mi48, Bexhill Road, Stockport, Greater Manchester SK3 8RH3
£103K06/230.16 mi41, Culver Road, Stockport, Greater Manchester SK3 8PG3
£265K10/210.17 mi124, Rostrevor Road, Stockport, Greater Manchester SK3 8UT3
£291K12/220.17 mi120, Rostrevor Road, Stockport, Greater Manchester SK3 8UT3
£293K02/230.18 mi39, Culver Road, Stockport, Greater Manchester SK3 8PG3
£207K12/220.19 mi50a, Rostrevor Road, Stockport, Greater Manchester SK3 8LQ3
£170K09/210.19 mi16, Culver Road, Stockport, Greater Manchester SK3 8PE3
£230K09/210.2 mi7, Portrea Close, Stockport, Greater Manchester SK3 8RU3
£260K03/230.2 mi1, Rosefield Close, Stockport, Greater Manchester SK3 8QD3
£180K06/230.2 mi38, Weldon Crescent, Stockport, Greater Manchester SK3 8PX3
£230K10/210.2 mi44, Arnfield Road, Stockport, Greater Manchester SK3 8PJ3
£350K06/210.21 mi303, Adswood Road, Stockport, Greater Manchester SK3 8PL3
£250K07/230.21 mi45, Roslyn Road, Stockport, Greater Manchester SK3 8LN3
£265K01/210.22 mi84, Bracadale Drive, Stockport, Greater Manchester SK3 8RY3
£150K01/210.22 mi20, Melrose Crescent, Stockport, Greater Manchester SK3 8PR3
£275K02/230.22 mi7, Portrea Close, Stockport, Greater Manchester SK3 8RU3
£238K06/210.23 mi12, Brackenlea Place, Stockport, Greater Manchester SK3 8NZ3
£246K11/200.24 mi55, Roslyn Road, Stockport, Greater Manchester SK3 8LH3
£215K03/210.24 mi67, Roslyn Road, Stockport, Greater Manchester SK3 8LH3
£200K09/220.25 mi1, Wembley Close, Adswood, Stockport, Greater Manchester SK3 8GD3
£185K06/210.25 mi37, Bracadale Drive, Stockport, Greater Manchester SK3 8RS3
£221K01/210.26 mi17, Whitelea Drive, Stockport, Greater Manchester SK3 8PF3
£322.5K11/200.26 mi91, Garners Lane, Stockport, Greater Manchester SK3 8QZ3
£405K08/210.27 mi20, Ross Avenue, Stockport, Greater Manchester SK3 8LL3
£247K11/200.28 mi8, Torrin Close, Stockport, Greater Manchester SK3 8RX3
£241K05/210.28 mi29, Lorgill Close, Stockport, Greater Manchester SK3 8UR3
£305K06/210.28 mi18, Lorgill Close, Stockport, Greater Manchester SK3 8UR3
£242K02/210.28 mi271, Adswood Road, Stockport, Greater Manchester SK3 8PA3
£275K01/230.28 mi4, Blaven Close, Stockport, Greater Manchester SK3 8RT3
£240K04/210.29 mi30, Garners Lane, Stockport, Greater Manchester SK3 8QT3
£268K03/230.29 mi14, Garners Lane, Stockport, Greater Manchester SK3 8QT3
£315K07/230.29 mi32, Garners Lane, Stockport, Greater Manchester SK3 8QT3
£315K07/230.29 mi32, Garners Lane, Stockport, Greater Manchester SK3 8QT3
£222K11/200.29 mi216, Adswood Road, Stockport, Greater Manchester SK3 8PB3
£280K08/230.3 mi4, Stockdale Avenue, Stockport, Greater Manchester SK3 8QX3
£200K11/200.3 mi14, Daisy Mews, Stockport, Greater Manchester SK3 8QE3
£260K12/200.31 mi23, Sterndale Road, Stockport, Greater Manchester SK3 8QU3
£230K06/230.31 mi17, Aintree Grove, Stockport, Greater Manchester SK3 8QY3
£216K07/230.31 mi30, Aintree Grove, Stockport, Greater Manchester SK3 8QY3
£216K07/230.31 mi30, Aintree Grove, Stockport, Greater Manchester SK3 8QY3
£302K11/200.32 mi6, Hampton Mews, Stockport, Greater Manchester SK3 8SY3
£367K12/200.32 mi8, Elmfield Road, Stockport, Greater Manchester SK3 8SE3
£225K08/230.33 mi11, Highfield Close, Stockport, Greater Manchester SK3 8UB3
£285K06/230.34 mi7, Buttercup Drive, Stockport, Greater Manchester SK3 8QF3
£261K11/210.34 mi66, Newsham Road, Stockport, Greater Manchester SK3 8GN3

Local Rents

24 rents from £1.1K/mo to £2.3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,55012/240.08 miAlderley Way SK33
£1,50008/240.09 miAlderley Way, Stockport, SK33
£1,15008/240.17 miBarnfield Road West, Stockport3
£1,30008/240.18 mi-3
£1,35003/250.18 mi-3
£1,49512/240.2 mi-3
£1,40004/250.24 mi-3
£1,35012/240.25 miRoslyn Road, Stockport, Cheshire, SK33
£1,25008/240.35 miMidland Road, Bramhall, SK7 3DT3
£1,45008/240.37 mi-3
£1,47508/240.37 mi-3
£1,39508/240.38 mi-3
£1,39508/240.38 miNewsham Road, Stockport, SK33
£1,29501/250.4 mi-3
£1,40008/240.52 miAthlone Heights, SK8 5BX3
£1,40008/240.52 miWestmeath Avenue, SK83
£1,09512/240.52 mi-3
£1,40008/240.53 miWestmeath Avenue, SK83
£1,40008/240.53 miAthlone Heights, SK8 5BX3
£1,55004/250.54 mi-3
£2,30012/240.54 miBramhall Lane, Stockport3
£1,80001/240.57 mi-3
£1,20008/240.58 mi-3
£1,10002/250.61 mi-3

Local Area Statistics

Population in SK3

27,923

Population in Stockport

181,140

Town centre distance

1.51 miles away

Nearest school

0.10 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Listed for £200,000

January 27, 2025

Floor Plans

Description

  • Exciting Potential +
  • NO CHAIN +
  • Three Bedrooms +
  • Driveway +
  • Expansive Lawned Garden +
  • Local Amenities Nearby +

This three-bedroom semi-detached property in Adswood offers an exciting opportunity for INVESTORS. Brimming with POTENTIAL, the NO CHAIN property is ATTRACTIVELY PRICED to reflect the modernisation required, offering a blank canvas for a buyer to transform it into a stylish living space. The ground floor features a spacious lounge and kitchen to the rear, ideal for family living, as well as a convenient ground floor bathroom. Upstairs, you'll find two generously-sized double bedrooms and a single bedroom, which could make an excellent home office. Externally, the property benefits from a DRIVEWAY, gated side access, and a lawned garden to the front. The rear garden is particularly impressive, with a large lawned area and a patio perfect for outdoor dining and relaxation. The location is highly convenient, with local shops, food and drink establishments, and reputable schools just a short distance away, making this an ideal choice for families. Davenport Train Station is also only a fifteen-minute stroll, providing easy access to transport links. Viewing is HIGHLY recommended to appreciate all this property has to offer! Call TODAY to register your interest.

Agent Details

Edward Mellor Ltd, Edgeley

0161 524 2656

Next Steps?

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