2 Bed Terraced House, Refurb/BRRR, Stockport, SK3 9EZ, £170,000

St. Matthews Road, Stockport, Greater Manchester, SK3 9EZ - 2 views - 3 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 4%
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£130K - £245K
Sold Prices/m²£1.5K/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£148,750

 

 

End Value (After Refurb)

£163,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Refurb Costs

£28,709

Bridging Loan Interest

£4,463

Total Cash In

£83,722

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£163,500

Mortgage (After Refinance)

£122,625

Mortgage LTV

75%

Cash Left In

£83,722

Equity

£40,875

Rent Range

£900 - £1,300

Rent Estimate

£1,038

Running Costs/mo

£739

Cashflow/mo

£299

Cashflow/yr

£3,594

ROI

4%

Gross Yield

7%

Local Sold Prices

53 sold prices from £130K to £245K, average is £182.5K. £1.5K/m² to £3.5K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£145K02/210.04 mi33, Stopford Street, Stockport, Greater Manchester SK3 9HE2
£130K07/210.05 mi12, Derby Street, Stockport, Greater Manchester SK3 9HF2
£182.5K09/230.06 mi15, Derby Street, Stockport, Greater Manchester SK3 9HF2
£182.5K09/230.06 mi15, Derby Street, Stockport, Greater Manchester SK3 9HF2
£176K10/210.07 mi2a, Derby Street, Stockport, Greater Manchester SK3 9HF2
£165K10/200.09 mi7, Atherton Street, Stockport, Greater Manchester SK3 9JN2
£176.5K01/210.1 mi67, Bowdon Street, Stockport, Greater Manchester SK3 9HG2
£195.5K11/200.1 mi1, Fox Street, Stockport, Greater Manchester SK3 9EL2
£189.9K12/200.12 mi13, Hartley Street, Stockport, Greater Manchester SK3 9JW2
£186K03/230.12 mi132, Old Chapel Street, Stockport, Greater Manchester SK3 9JL2
£166.5K04/230.12 mi167, Old Chapel Street, Stockport, Greater Manchester SK3 9JL2
£245K04/230.13 mi123, Chatham Street, Stockport, Greater Manchester SK3 9JT2
£137.5K11/200.13 mi11, Torkington Street, Stockport, Greater Manchester SK3 9JS2
£156.5K11/200.13 mi52, Torkington Street, Stockport, Greater Manchester SK3 9JS2
£242.5K01/230.13 mi20, Torkington Street, Stockport, Greater Manchester SK3 9JS2
£192K04/230.14 mi2, Aberdeen Crescent, Stockport, Greater Manchester SK3 9EJ2
£220K09/230.14 mi22, Aberdeen Crescent, Stockport, Greater Manchester SK3 9EJ2
£220K09/230.14 mi22, Aberdeen Crescent, Stockport, Greater Manchester SK3 9EJ2
£150K02/210.14 mi6, Greenhill Street, Stockport, Greater Manchester SK3 9JP2
£192K03/210.15 mi16, Chatham Street, Stockport, Greater Manchester SK3 9ED2
£130K01/210.15 mi8, Herbert Street, Stockport, Greater Manchester SK3 9BU2
£135K03/210.15 mi17, Herbert Street, Stockport, Greater Manchester SK3 9BU2
£140K04/210.15 mi2, Herbert Street, Stockport, Greater Manchester SK3 9BU2
£148K09/210.15 mi19, Herbert Street, Stockport, Greater Manchester SK3 9BU2
£201K07/210.15 mi30, Aberdeen Crescent, Stockport, Greater Manchester SK3 9EP2
£193.3K11/210.16 mi2, Earl Street, Stockport, Greater Manchester SK3 9JZ2
£195K12/220.16 mi26, Mahood Street, Stockport, Greater Manchester SK3 9BP2
£175K12/210.16 mi4, Pitt Street, Stockport, Greater Manchester SK3 9EH2
£177K05/230.16 mi12, Pitt Street, Stockport, Greater Manchester SK3 9EH2
£167K05/210.16 mi161, Chatham Street, Stockport, Greater Manchester SK3 9JU2
£167K06/210.16 mi159, Chatham Street, Stockport, Greater Manchester SK3 9JU2
£150K03/210.17 mi16, Arnold Street, Stockport, Greater Manchester SK3 9BN2
£193K04/230.18 mi12, Dale Street, Stockport, Greater Manchester SK3 9QA2
£160K01/210.18 mi75, York Street, Stockport, Greater Manchester SK3 9EQ2
£145K11/200.19 mi5, Jennings Street, Stockport, Greater Manchester SK3 9BX2
£196.5K02/210.19 mi6, Jennings Street, Stockport, Greater Manchester SK3 9BX2
£215K01/210.19 mi5, Hardcastle Road, Stockport, Greater Manchester SK3 9BY2
£201.3K03/210.19 mi31, Hardcastle Road, Stockport, Greater Manchester SK3 9BY2
£215K05/210.19 mi37, Hardcastle Road, Stockport, Greater Manchester SK3 9BY2
£185K07/210.19 mi39, Hardcastle Road, Stockport, Greater Manchester SK3 9BY2
£230.8K08/210.19 mi13, Hardcastle Road, Stockport, Greater Manchester SK3 9BY2
£163K01/210.2 mi49, Carmichael Street, Stockport, Greater Manchester SK3 9JR2
£175K06/230.2 mi52, Carmichael Street, Edgeley, Stockport, Greater Manchester SK3 9JR2
£183.2K07/230.2 mi41, Carmichael Street, Edgeley, Stockport, Greater Manchester SK3 9JR2
£183K05/210.2 mi23, Gradwell Street, Stockport, Greater Manchester SK3 0DL2
£168K10/200.21 mi70, Adelaide Road, Stockport, Greater Manchester SK3 9LP2
£175K07/210.21 mi85, Adelaide Road, Edgeley, Stockport, Greater Manchester SK3 9LP2
£198K08/230.21 mi48, Adelaide Road, Edgeley, Stockport, Greater Manchester SK3 9LP2
£198K08/230.21 mi48, Adelaide Road, Edgeley, Stockport, Greater Manchester SK3 9LP2
£212.5K12/220.22 mi8, Yule Street, Stockport, Greater Manchester SK3 9LB2
£217.5K04/230.22 mi49, Bloom Street, Stockport, Greater Manchester SK3 9LE2
£217.5K03/230.23 mi20, Yule Street, Stockport, Greater Manchester SK3 9LB2
£152K05/210.24 mi21, Yule Street, Stockport, Greater Manchester SK3 9LB2

Local Rents

50 rents from £900/mo to £1.3K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£99508/240.02 miOld Chapel Street, Stockport, Cheshire, SK32
£97508/240.04 mi-2
£90008/240.05 mi-2
£1,02008/240.06 mi-2
£99504/250.06 mi-2
£99511/240.06 mi-2
£1,05008/240.08 mi-2
£1,30012/240.11 miHartley Street, Edgeley, Stockport, Greater Manchester, SK32
£1,15008/240.11 mi-2
£97512/240.12 mi-2
£1,00012/240.13 mi-2
£92508/240.13 miTorkington Street,Edgeley SK32
£92502/250.13 mi-2
£1,15011/240.14 mi-2
£1,05012/240.15 miChatham Street, Edgeley, Stockport, SK32
£95012/240.15 mi-2
£1,00001/250.15 mi-2
£1,00001/250.15 mi-2
£97503/250.15 mi-2
£99504/250.15 mi-2
£1,15012/240.16 miHarper Street, Stockport, Greater Manchester, SK32
£1,10012/240.16 miHarper Street, Stockport, Cheshire, SK32
£90008/240.16 miTorkington Street, Edgeley, Stockport, SK32
£99508/240.17 miMercian Way, Stockport, Cheshire, SK32
£1,14001/250.19 mi-2
£97508/240.19 miJennings Street, Edgeley2
£90012/240.2 mi-2
£99512/240.21 mi-2
£95008/240.22 miCastle street, Edgeley SK32
£1,00012/240.22 miCastle street Edgeley, SK32
£97512/240.22 mi-2
£1,19504/250.23 mi-2
£95012/240.24 miAdelaide Road, Edgeley, Stockport2
£99501/250.24 mi-2
£1,10012/240.25 miFarr Street, Stockport, SK32
£99508/240.25 miChelmsford Road, Edgeley, Stockport2
£97511/240.26 mi-2
£1,10012/240.27 mi-2
£1,20012/240.27 mi-2
£1,10012/240.27 mi-2
£1,05012/240.27 mi-2
£99508/240.28 miFreemantle Street, Edgeley, Stockport, SK32
£99508/240.28 miFreemantle Street, Edgeley , Stockport2
£1,20012/240.28 miEldon Road, Stockport2
£1,20007/240.33 mi-2
£1,20004/250.34 mi-2
£1,20008/240.34 mi-2
£99511/230.36 miThomson Street, Edgeley, Stockport, SK32
£99508/240.37 miNorthgate Road, Stockport2
£1,00012/240.37 miFlorist Street, Stockport2

Local Area Statistics

Population in SK3

27,923

Population in Stockport

181,140

Town centre distance

1.91 miles away

Nearest school

0.10 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Listed for £170,000

January 31, 2025

Floor Plans

Description

Situated in the heart of Edgeley, this two-bedroom terraced property is a fantastic opportunity for first-time buyers or investors looking to add value. Offered with no onward chain, this home is ready for the next owner to renovate and put their own stamp on it.

The ground floor boasts a welcoming hallway, two generously sized reception rooms, and a kitchen to the rear. There is also access to the cellar, offering further renovation potential. Upstairs, you’ll find two double bedrooms and a family bathroom.

Externally, the property benefits from an enclosed rear garden of a good size. Located just a short distance from Stockport train station, major bus routes, and the M60 motorway, this home is ideal for commuters. There are also a selection of local amenities and reputable schools nearby.

With its spacious layout and excellent location, this property is sure to attract strong interest. Early viewing is highly recommended!

Agent Details

Bridgfords, Stockport

0161 524 8021

Next Steps?

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