3 Bed Semi-Detached House, Refurb/BRRR, Stockport, SK5 7DY, £295,000

Reddish Road, Reddish, Stockport, SK5 7DY - 1 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+5 photos

ValuationOvervalued

Sold Prices£145K - £385K
Sold Prices/m²£2.1K/m² - £4.6K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£258,333

 

 

End Value (After Refurb)

£260,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£73,750

Stamp Duty & Legal Fees

£12,300

Refurb Costs

£39,324

Bridging Loan Interest

£7,744

Total Cash In

£134,868

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£260,000

Mortgage (After Refinance)

£195,000

Mortgage LTV

75%

Cash Left In

£134,868

Equity

£65,000

Rent Range

£950 - £1,450

Rent Estimate

£1,170

Running Costs/mo

£1,067

Cashflow/mo

£104

Cashflow/yr

£1,242

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £145K to £385K, average is £230.5K. £2.1K/m² to £4.6K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£176K01/210.05 mi248, Reddish Road, Stockport, Greater Manchester SK5 7DU3
£226K04/210.08 mi35, Broadstone Hall Road South, Stockport, Greater Manchester SK5 7DQ3
£290K04/210.08 mi2, St Marys Drive, Stockport, Greater Manchester SK5 7AX3
£187K01/210.08 mi47, Brentford Road, Stockport, Greater Manchester SK5 7EA3
£145K01/210.11 mi9, Ambleside Road, Stockport, Greater Manchester SK5 7EF3
£175K02/210.13 mi19, Dumbarton Road, Stockport, Greater Manchester SK5 7EQ3
£220K03/210.13 mi24, Woodville Grove, Stockport, Greater Manchester SK5 7HU3
£220K03/210.13 mi24, Woodville Grove, Stockport, Greater Manchester SK5 7HU3
£184K11/210.13 mi8, Coniston Road, Stockport, Greater Manchester SK5 7EJ3
£242.5K12/200.17 mi23, Bryn Drive, Stockport, Greater Manchester SK5 7JD3
£270K07/230.18 mi355, Reddish Road, Stockport, Greater Manchester SK5 7EN3
£165K12/200.19 mi17, Brunton Road, Stockport, Greater Manchester SK5 7ES3
£266K02/230.19 mi10, Mayfield Grove, South Reddish, Stockport, Greater Manchester SK5 7JB3
£270K07/210.2 mi26, Maypool Drive, Stockport, Greater Manchester SK5 7SZ3
£260K10/210.21 mi50, Dumbarton Road, Stockport, Greater Manchester SK5 7EH3
£198K09/210.21 mi55, Dumbarton Road, Stockport, Greater Manchester SK5 7EH3
£345K01/230.22 mi59, Three Acres Drive, Stockport, Greater Manchester SK5 7NE3
£255K06/230.22 mi54, Mayfield Grove, South Reddish, Stockport, Greater Manchester SK5 7JB3
£317.5K10/200.22 mi30, Mayfield Grove, South Reddish, Stockport, Greater Manchester SK5 7JB3
£278.5K06/230.23 mi2, Lockton Close, Stockport, Greater Manchester SK5 7SU3
£182.5K10/200.23 mi14, Baslow Grove, Stockport, Greater Manchester SK5 7NJ3
£289.9K03/210.25 mi27, Charlbury Avenue, Stockport, Greater Manchester SK5 7SY3
£262.5K03/230.28 mi42, Fairford Way, Stockport, Greater Manchester SK5 7NG3
£255K04/210.29 mi14, Birkdale Road, Stockport, Greater Manchester SK5 7LU3
£220K02/230.31 mi82, Dumbarton Road, Stockport, Greater Manchester SK5 7EX3
£295K03/230.31 mi40, Melling Avenue, Stockport, Greater Manchester SK4 5JG3
£185K03/210.31 mi307, Greg Street, Stockport, Greater Manchester SK5 7BP3
£180K07/210.31 mi10, Dalkeith Avenue, Stockport, Greater Manchester SK5 7EZ3
£195K09/210.32 mi91, Dumbarton Road, Stockport, Greater Manchester SK5 7EX3
£206K01/210.32 mi96, Dumbarton Road, Stockport, Greater Manchester SK5 7EX3
£215K05/230.33 mi4, Dalkeith Road, Stockport, Greater Manchester SK5 7EY3
£235K03/230.33 mi10, Dalkeith Road, Stockport, Greater Manchester SK5 7EY3
£261.6K11/210.34 mi14, Marton Grove, Stockport, Greater Manchester SK4 5JQ3
£160K04/210.34 mi13, Ashdale Close, Stockport, Greater Manchester SK5 7JP3
£148.5K03/210.34 mi3, Ashdale Close, Stockport, Greater Manchester SK5 7JP3
£385K02/230.35 mi15, Marton Grove, Stockport, Greater Manchester SK4 5JQ3
£185K10/210.36 mi8, Colwyn Crescent, Stockport, Greater Manchester SK5 7LL3
£240K12/200.36 mi55, Reddish Vale Road, Stockport, Greater Manchester SK5 7EU3
£190K02/210.38 mi31, Margate Road, Stockport, Greater Manchester SK5 6TH3
£250K02/210.38 mi124, Reddish Road, Stockport, Greater Manchester SK5 7JG3
£200K08/210.39 mi16, Newquay Avenue, Stockport, Greater Manchester SK5 7BQ3
£240K05/210.39 mi2, Newquay Avenue, Stockport, Greater Manchester SK5 7BQ3
£237.5K12/220.39 mi10, Severn Way, Stockport, Greater Manchester SK5 7JJ3
£215K12/220.39 mi2, Chantry Close, Stockport, Greater Manchester SK5 7AD3
£207K02/230.4 mi14, Dane Walk, Stockport, Greater Manchester SK5 7JN3
£210K08/210.4 mi10, Grasmere Avenue, Stockport, Greater Manchester SK4 5HU3
£250K10/210.4 mi21, Grasmere Avenue, Stockport, Greater Manchester SK4 5HU3
£335K01/230.4 mi29, Grasmere Avenue, Stockport, Greater Manchester SK4 5HU3
£300K02/230.41 mi10, Burnside Avenue, Stockport, Greater Manchester SK4 5HY3
£275K01/210.41 mi11, Burnside Avenue, Stockport, Greater Manchester SK4 5HY3

Local Rents

13 rents from £950/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,15002/240.04 mi-3
£1,15012/240.1 mi-3
£1,05008/240.13 miConiston Road, Reddish, SK53
£1,25003/250.37 mi-3
£1,20009/240.48 miHurst Street, Reddish, Stockport, SK53
£97509/240.49 miWestminster Avenue, Stockport3
£1,19502/250.51 mi-3
£1,15008/240.56 miMelton Street, Stockport, Greater Manchester, SK53
£1,45008/240.58 miVictoria Mill, Houldsworth Street, Reddish, Greater Manchester, SK53
£1,45009/240.58 miVictoria Mill, Houldsworth Street, Reddish, Greater Manchester, SK53
£1,15009/240.59 miLuton Road, Reddish, Stockport, SK53
£1,20011/230.6 mi-3
£95012/230.6 mi-3

Local Area Statistics

Population in SK5

29,538

Population in Stockport

181,140

Town centre distance

3.02 miles away

Nearest school

0.20 miles away

Nearest train station

0.41 miles away

 

 

Rental growth (12m)

+28%

Sales demand

Seller's market

Capital growth (5yrs)

+48%

Property History

Listed for £295,000

February 3, 2025

Floor Plans

Description

  • Three Bedroom Victorian Semi Detached +
  • Three Cellar Chambers +
  • Large Driveway and Rear Garden +
  • Sought After Location +
  • Close to Transport Links & Amenities +
  • Renovation Opportunity +

Julian Wadden are excited to present this lovely 3 Bedroom Victorian Semi Detached Family Home to the market. Situated on the popular Reddish Road, offering fantastic potential for renovation and an ideal for choice for families. Sold with No Chain!

This property features an inviting entrance hall that leads into a spacious bay-fronted lounge with stunning stained glass windows and an original fireplace. Moving through, you’ll find a large dining room that retains its charming period details. The well-equipped kitchen offers plenty of worktop and storage space, with rear access to the garden and a door leading to the cellar.

To the first floor; the property boasts the large master bedroom to the front, with bay windows. The second double bedroom with views to the rear, and the generously sized third bedroom. The family bathroom suite also completes this floor.

Externally the property offers driveway parking for two cars, with side access to the rear garden. The large well maintained private rear garden. The cellar spans the entire footprint of the ground floor, and provides massive potential. Access to the garden via the rear cellar door.

This is a fantastic opportunity for anyone looking for a project, offering great scope to update and modernise.

Contact us today to arrange a viewing!

Agent Details

Julian Wadden, Stockport

0161 524 7110

Next Steps?

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