2 Bed Terraced House, Refurb/BRRR, Bredbury, SK6 2NT, £190,000

Park Street, Bredbury, SK6 2NT - 1 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~68 m²
+17 photos

ValuationFair Value

Sold Prices£125K - £324K
Sold Prices/m²£1.7K/m² - £5.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£191,189

 

 

End Value (After Refurb)

£171,577

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Refurb Costs

£28,800

Bridging Loan Interest

£4,988

Total Cash In

£89,938

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£171,577

Mortgage (After Refinance)

£128,683

Mortgage LTV

75%

Cash Left In

£89,938

Equity

£42,894

Rent Range

£775 - £1,300

Rent Estimate

£1,000

Running Costs/mo

£756

Cashflow/mo

£244

Cashflow/yr

£2,926

ROI

3%

Gross Yield

6%

Local Sold Prices

51 sold prices from £125K to £324K, average is £190K. £1.7K/m² to £5.7K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£172K12/200.04 mi11, Kingsway, Bredbury, Stockport, Greater Manchester SK6 2NS2
£175K06/230.13 mi70, Vernon Road, Bredbury, Stockport, Greater Manchester SK6 2NX2
£196K05/230.13 mi62, Vernon Road, Bredbury, Stockport, Greater Manchester SK6 2NX2
£175K12/200.17 mi90, Kingsway, Bredbury, Stockport, Greater Manchester SK6 2PB2
£170K02/210.17 mi82, Kingsway, Bredbury, Stockport, Greater Manchester SK6 2PB2
£160K12/200.18 mi55, Woodbank Avenue, Bredbury, Stockport, Greater Manchester SK6 2PE2
£189.9K02/210.18 mi44, Woodbank Avenue, Bredbury, Stockport, Greater Manchester SK6 2PE2
£202K07/210.18 mi52, Woodbank Avenue, Bredbury, Stockport, Greater Manchester SK6 2PE2
£185K07/210.2 mi13, Edward Avenue, Bredbury, Stockport, Greater Manchester SK6 2PQ2
£210K01/230.21 mi33, Marina Road, Bredbury, Stockport, Greater Manchester SK6 2PR2
£190K05/210.23 mi10, The Broadway, Bredbury, Stockport, Greater Manchester SK6 2NZ2
£137K10/200.24 mi196, Stockport Road East, Bredbury, Stockport, Greater Manchester SK6 2AQ2
£187K12/200.25 mi59, The Broadway, Bredbury, Stockport, Greater Manchester SK6 2PD2
£201K05/230.26 mi23, Queens Road, Bredbury, Stockport, Greater Manchester SK6 1DZ2
£213.5K02/230.27 mi6, Hawthorne Grove, Bredbury, Stockport, Greater Manchester SK6 2PJ2
£236.5K01/230.28 mi65, The Broadway, Bredbury, Stockport, Greater Manchester SK6 2PD2
£150K11/210.3 mi11, Thomas Street, Bredbury, Stockport, Greater Manchester SK6 2LZ2
£187.5K06/230.3 mi15, Thomas Street, Bredbury, Stockport, Greater Manchester SK6 2LZ2
£178.5K03/210.34 mi33, Redhouse Lane, Bredbury, Stockport, Greater Manchester SK6 1BX2
£187K12/200.34 mi47, Highfield Avenue, Romiley, Stockport, Greater Manchester SK6 3BZ2
£190K06/210.35 mi70, Hayfield Road, Bredbury, Stockport, Greater Manchester SK6 1DE2
£212.5K06/230.36 mi56, Brookfield Avenue, Bredbury, Stockport, Greater Manchester SK6 1DF2
£172.3K03/210.37 mi72, Stockport Road East, Bredbury, Stockport, Greater Manchester SK6 1AL2
£240K09/210.37 mi1, Muirfield Avenue, Bredbury, Stockport, Greater Manchester SK6 1DD2
£190K10/210.37 mi5, Higson Avenue, Romiley, Stockport, Greater Manchester SK6 3DB2
£230K12/200.4 mi47, George Lane, Bredbury, Stockport, Greater Manchester SK6 1AT2
£192K05/230.42 mi37, George Lane, Bredbury, Stockport, Greater Manchester SK6 1AS2
£182K03/230.46 mi221, George Lane, Bredbury, Stockport, Greater Manchester SK6 1DJ2
£206K11/200.46 mi17, Fortyacre Drive, Bredbury, Stockport, Greater Manchester SK6 2EZ2
£176.3K03/210.51 mi18, Yew Tree Drive, Bredbury, Stockport, Greater Manchester SK6 2HJ2
£225K12/200.6 mi39, Langdale Road, Woodley, Stockport, Greater Manchester SK6 1BH2
£225K06/210.6 mi70, Langdale Road, Woodley, Stockport, Greater Manchester SK6 1BH2
£210.5K02/230.63 mi68, Osborne Street, Bredbury, Stockport, Greater Manchester SK6 2DA2
£247K04/210.64 mi8, Grizedale Road, Woodley, Stockport, Greater Manchester SK6 1BQ2
£220K06/230.64 mi90, Osborne Street, Bredbury, Stockport, Greater Manchester SK6 2DA2
£194K05/230.64 mi58, Osborne Street, Bredbury, Stockport, Greater Manchester SK6 2DA2
£175K03/210.65 mi40, Doric Avenue, Bredbury, Stockport, Greater Manchester SK6 2DQ2
£195K01/210.66 mi1, Ennerdale Road, Woodley, Stockport, Greater Manchester SK6 1BJ2
£324K06/230.66 mi5, Ennerdale Road, Woodley, Stockport, Greater Manchester SK6 1BJ2
£182K04/210.71 mi92, Annable Road, Bredbury, Stockport, Greater Manchester SK6 2DF2
£235K01/210.71 mi19, Powicke Drive, Romiley, Stockport, Greater Manchester SK6 3EG2
£230K03/230.72 mi15, Howard Close, Romiley, Stockport, Greater Manchester SK6 3BH2
£125K11/200.72 mi47, Smithy Green, Woodley, Stockport, Greater Manchester SK6 1NG2
£125K05/210.72 mi31, Smithy Green, Woodley, Stockport, Greater Manchester SK6 1NG2
£190K08/230.72 mi35, Smithy Green, Woodley, Stockport, Greater Manchester SK6 1NG2
£190K08/230.72 mi35, Smithy Green, Woodley, Stockport, Greater Manchester SK6 1NG2
£251.5K05/230.73 mi8, Quarry Street, Woodley, Stockport, Greater Manchester SK6 1NQ2
£187.5K01/210.73 mi36, Sandringham Road, Bredbury, Stockport, Greater Manchester SK6 2EL2
£181K07/210.73 mi6, Agecroft Road, Romiley, Stockport, Greater Manchester SK6 3HT2
£130K06/210.74 mi148, Hyde Road, Woodley, Stockport, Greater Manchester SK6 1NL2
£183K03/210.79 mi4, Annable Road, Bredbury, Stockport, Greater Manchester SK6 2DE2

Local Rents

18 rents from £775/mo to £1.3K/mo, average is £980/mo.

RentDateDistanceAddressBeds 
£80008/240.06 mi-2
£77508/240.06 mi-2
£77507/240.06 mi-2
£77504/250.06 mi-2
£1,15012/240.1 mi-2
£1,30011/240.1 mi-2
£1,10011/240.1 mi-2
£96008/240.13 mi-2
£82508/240.16 miLauren Court, 38 Lower Bents Lane, Bredbury, Stockport, SK62
£87508/240.17 miLauren Court, Bredbury, Stockport, SK62
£80012/240.24 miChamberlain Gardens, Stockport, SK6 1BR2
£1,20012/240.29 mi-2
£1,00012/230.3 mi-2
£1,15008/240.33 mi-2
£1,10012/240.37 miWeybourne Drive, Bredbury, Stockport, SK6 2DN2
£77512/240.41 miBerrycroft Lane, Bredbury, Stockport2
£1,05008/240.44 miGeorge Lane, Bredbury, Stockport2
£1,00008/240.48 miBarrack Hill, Romiley2

Local Area Statistics

Population in SK6

50,689

Town centre distance

0.47 miles away

Nearest school

0.40 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £190,000

January 31, 2025

Floor Plans

Description

  • MODERN, Immaculate & Recently Renovated +
  • Two DOUBLE Bedrooms +
  • Rear Garden with Artificial Grass and Patio +
  • Situated in a 'QUIET' Cul-de-Sac +
  • FREEHOLD Home - Perfect for First Time Buyers +
  • Close to Train Station & Motorway Links +

Are you looking for a RECENTLY RENOVATED, stylishly decorated and BEAUTIFULLY PRESENTED home that can be found on a 'quiet' CUL-DE-SAC within walking distance to Bredbury Train Station and schools?

If so, then look no further... Ideal for FIRST TIME BUYERS and young professionals, this FREEHOLD home is in READY TO MOVE INTO condition due to the recent MODERNISATION and boasts GREAT SIZED ROOMS with a NEW, modern and OPEN PLAN kitchen/diner area - perfect for entertaining friends and family! Two DOUBLE Bedrooms, ample storage space, an inviting and stylish lounge with a feature ORIGINAL FIREPLACE and a NEW, modern bathroom suite. The current owners that have loved living at the property for 15 years have also made us aware that the FULLY BOARDED LOFT features a window, a light switch, insulation and a drop down ladder for convenience - currently being used for additional storage space but there is POTENTIAL TO CONVERT into another bedroom STPP.

Externally benefitting from a FRONT GARDEN and a GENEROUSLY SIZED REAR GARDEN which is LOW MAINTENANCE due to the ARTIFICIAL GRASS and the PATIO AREA. The property has street parking and it is always 'easy to park'.

As you would expect from a property of this standard, there is gas central heating and the windows are all double glazed.

The home is located conveniently off Lower Bents Lane, which is within easy reach of a wide range of local amenities including FANTASTIC transport links, shops, Woodley Precinct, reputable SCHOOLS and scenic walks along Werneth Low and the Peak District Canal which is a short walk away - making it perfect for a wide range of buyers including first-time buyers, couples, young professionals and families.

For the commuter, there are bus routes to Stockport Town Centre that can be found on Lower Bents Lane, Bredbury Train Station is less than a 10-minute walk away which gets you into the vibrant Manchester City Centre in under 20 minutes and there is easy reach to the M60 Motorway that connects you to the rest of the North West.

As well as the property being perfect for a growing family home, it could also be a brilliant BUY-TO-LET Investment opportunity, with a potential monthly rental income of around £1000 a month, due to the convenient location.

Please get in touch with the Edward Mellor Woodley Branch to arrange a viewing as soon as possible. It is definitely one to see in person, to imagine yourself living here and to make it your own home.

Agent Details

Edward Mellor Ltd, Woodley

0161 524 7283

Next Steps?

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