Potential 4-Bed HMO, Stockport, SK4 5AQ, £385,000

Wellington Road North, Stockport, Cheshire, SK4 5AQ - 3 views - 2 months ago

HMO
Motivated
ROI: 3%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£80K - £603K
Sold Prices/m²£513/m² - £5.6K/m²

 

 

Square Metres

~93 m²
Price/m²£4.1K/m²

Value Estimate

£322,480

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£96,250

Stamp Duty & Legal Fees

£19,500

Total Cash In

£115,750

 

 

Cash Out

 

Room Rate

£624

Gross Rent

£2,496

Running Costs/mo

£2,233

Cashflow/mo

£263

Cashflow/yr

£3,161

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £80K to £603K, average is £340K. £513/m² to £5.6K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£450K11/210.12 mi52, Langdale Road, Stockport, Greater Manchester SK4 5AR3
£450K04/230.13 mi1, Langdale Road, Stockport, Greater Manchester SK4 5AP3
£515K07/230.13 mi47, Langdale Road, Stockport, Greater Manchester SK4 5AP3
£370K06/210.13 mi41, Langdale Road, Stockport, Greater Manchester SK4 5AP3
£390K02/210.14 mi476, Manchester Road, Stockport, Greater Manchester SK4 5DL3
£367K02/210.14 mi456, Wellington Road North, Stockport, Greater Manchester SK4 5AU3
£365K01/210.15 mi13, Ellesmere Road North, Stockport, Greater Manchester SK4 4QQ3
£454.5K12/220.15 mi16, Roxton Road, Stockport, Greater Manchester SK4 5AY3
£345K07/230.16 mi441, Manchester Road, Stockport, Greater Manchester SK4 5DJ3
£315K05/210.16 mi34, Roxton Road, Stockport, Greater Manchester SK4 5AY3
£326.8K06/210.17 mi5, Southgate, Stockport, Greater Manchester SK4 4QL3
£322.9K05/210.19 mi38, Egerton Road North, Stockport, Greater Manchester SK4 4QT3
£380K06/210.21 mi19, Highbury Road, Stockport, Greater Manchester SK4 5AZ3
£485K03/210.21 mi78, Buckingham Road, Stockport, Greater Manchester SK4 4QY3
£310K10/200.24 mi13, Cambridge Road, Stockport, Greater Manchester SK4 4QN3
£280K03/230.24 mi10, Farm Close, Stockport, Greater Manchester SK4 5LU3
£210K01/210.26 mi27, Wilsthorpe Close, Manchester, Greater Manchester M19 2WD3
£315K02/210.27 mi26, Nelstrop Road, Stockport, Greater Manchester SK4 5LX3
£227K01/210.27 mi28, Nelstrop Road, Heaton Chapel, Stockport, Greater Manchester SK4 5LX3
£240K06/210.27 mi8, Red Rose Crescent, Manchester, Greater Manchester M19 2WT3
£95K12/200.27 mi19, Red Rose Crescent, Manchester, Greater Manchester M19 2WT3
£287.5K02/230.3 mi9, Appleton Road, Stockport, Greater Manchester SK4 5NA3
£240K06/210.33 mi118, Cringle Road, Manchester, Greater Manchester M19 2RT3
£330K12/210.34 mi8, Brook Avenue, Stockport, Greater Manchester SK4 5HG3
£603K05/230.36 mi24, Brook Road, Stockport, Greater Manchester SK4 5BZ3
£340K05/230.36 mi24, Rudyard Grove, Stockport, Greater Manchester SK4 5ND3
£560K02/210.37 mi17, St Albans Avenue, Stockport, Greater Manchester SK4 4LR3
£495K03/210.37 mi3, St Albans Avenue, Stockport, Greater Manchester SK4 4LR3
£375K08/210.38 mi340, Manchester Road, Stockport, Greater Manchester SK4 5BX3
£360K07/210.39 mi29, Hulme Road, Stockport, Greater Manchester SK4 5HL3
£232K01/210.4 mi4, Crossley Road, Stockport, Greater Manchester SK4 5BB3
£265K08/210.4 mi32, Carnforth Road, Stockport, Greater Manchester SK4 5LE3
£310K05/210.4 mi34, Carnforth Road, Stockport, Greater Manchester SK4 5LE3
£417K11/200.4 mi10, Deniston Road, Stockport, Greater Manchester SK4 4RF3
£206K05/230.41 mi5, Alden Walk, Stockport, Greater Manchester SK4 5NW3
£340K05/230.41 mi18, Christleton Avenue, Stockport, Greater Manchester SK4 5EQ3
£372.5K04/230.41 mi8, Christleton Avenue, Stockport, Greater Manchester SK4 5EQ3
£173K11/200.41 mi66, Marbury Road, Stockport, Greater Manchester SK4 5NG3
£258K10/210.42 mi1, Westholm Avenue, Stockport, Greater Manchester SK4 5BE3
£500K10/220.42 mi10, St James Road, Stockport, Greater Manchester SK4 4RE3
£375K06/210.42 mi190, Broadstone Road, Stockport, Greater Manchester SK4 5HW3
£372K03/230.42 mi5, Rudyard Grove, Stockport, Greater Manchester SK4 5ND3
£150K10/200.43 mi2, Musden Walk, Stockport, Greater Manchester SK4 5NP3
£287.5K08/210.43 mi61, Milford Drive, Manchester, Greater Manchester M19 2RY3
£210.5K01/210.43 mi83, Milford Drive, Manchester, Greater Manchester M19 2RY3
£385K06/210.43 mi9, Huncoat Avenue, Stockport, Greater Manchester SK4 5HN3
£385K11/220.43 mi320a, Wellington Road North, Stockport, Greater Manchester SK4 5BT3
£375K02/230.45 mi8, Ashford Road, Stockport, Greater Manchester SK4 5JX3
£80K06/210.45 mi43, Cringle Road, Manchester, Greater Manchester M19 2RP3
£205K03/210.45 mi21, Whirley Close, Stockport, Greater Manchester SK4 5DR3

Local Area Statistics

Population in SK4

34,510

Population in Stockport

181,140

Town centre distance

3.57 miles away

Nearest school

0.20 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-9%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £385,000

February 3, 2025

Floor Plans

Description

  • Freehold, Council Tax Band D +
  • Ideal For Investors Or A Large Family Home +
  • Currently Being Utilized as a HMO +
  • Bay-Fronted Lounge +
  • Prime Location +
  • Close To Local Amenities & Schools +
  • Excellent Road & Transport Links +
  • Enclosed Rear Garden +
  • Off-Road Parking +
  • Viewing Highly Advised! +

Welcoming this spacious family home. Located within a prime area in Stockport, offering excellent local amenities, transport and road links. You will also find easy reach to Heaton Moor golf club.

With a great balance of space in this home, especially with the three double bedrooms. The bay-fronted lounge must create a really cozy atmosphere and with two separate family rooms, it seems like there’s plenty of room for different activities for all to enjoy.

This three bedroom semi-detached family home is located in Stockport with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.

The welcoming entrance and bright living room must make a great first impression. It's nice that there are two additional reception room lots of options for creating a home office, playroom, or even a more formal dining space. The fitted kitchen/breakfast room will be perfect for family meals.

To the first floor is an inviting landing area through to three well-proportioned bedrooms and a shower room.

Externally, the property benefits from an enclosed garden to the rear. To the front you will find off-road parking.

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £5,000. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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