3 Bed Semi-Detached House, Refurb/BRRR, Stockport, SK3 0JG, £250,000

Stockport Road, Cheadle Heath, Stockport, SK3 0JG - 1 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+5 photos

ValuationFair Value

Sold Prices£145K - £365K
Sold Prices/m²£1.5K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£255,000

 

 

End Value (After Refurb)

£263,670

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£39,200

Bridging Loan Interest

£6,563

Total Cash In

£118,713

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£263,670

Mortgage (After Refinance)

£197,753

Mortgage LTV

75%

Cash Released

£10,253

Cash Left In

£108,460

Equity

£65,918

Rent Range

£1,200 - £2,000

Rent Estimate

£1,427

Running Costs/mo

£1,129

Cashflow/mo

£298

Cashflow/yr

£3,572

ROI

3%

Gross Yield

7%

Local Sold Prices

54 sold prices from £145K to £365K, average is £266.3K. £1.5K/m² to £4K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£205K05/210.01 mi81, Stockport Road, Stockport, Greater Manchester SK3 0JG3
£242K01/210.03 mi5, St Augustines Road, Stockport, Greater Manchester SK3 0JN3
£250K11/200.05 mi4, Hythe Road, Stockport, Greater Manchester SK3 0JQ3
£240K06/210.05 mi8, Hythe Road, Stockport, Greater Manchester SK3 0JQ3
£280K03/230.09 mi7, Tillard Avenue, Cheadle Heath, Stockport, Greater Manchester SK3 0UB3
£355K03/230.11 mi52, Scholars Drive, Stockport, Greater Manchester SK3 0BS3
£175K01/210.11 mi11, Plymouth Grove, Stockport, Greater Manchester SK3 0UG3
£287K07/230.12 mi5, Plymouth Grove, Stockport, Greater Manchester SK3 0UG3
£287K07/230.12 mi5, Plymouth Grove, Stockport, Greater Manchester SK3 0UG3
£240K02/230.12 mi55, Stockport Road, Stockport, Greater Manchester SK3 0HZ3
£262K07/230.12 mi59, Stockport Road, Stockport, Greater Manchester SK3 0HZ3
£254.9K05/230.12 mi12, Stockport Road, Stockport, Greater Manchester SK3 0HZ3
£225.5K06/230.13 mi23, Ash Street, Stockport, Greater Manchester SK3 0JR3
£279K05/210.14 mi23, Scholars Drive, Stockport, Greater Manchester SK3 0BX3
£300K04/210.14 mi3, Scholars Drive, Stockport, Greater Manchester SK3 0BX3
£345K02/230.15 mi96, Avondale Road, Stockport, Greater Manchester SK3 0DA3
£291K12/200.15 mi94, Avondale Road, Stockport, Greater Manchester SK3 0DA3
£365K01/230.16 mi137, Avondale Road, Stockport, Greater Manchester SK3 0WD3
£267.5K02/210.16 mi115, Avondale Road, Stockport, Greater Manchester SK3 0WD3
£292K11/210.16 mi113, Avondale Road, Stockport, Greater Manchester SK3 0WD3
£265K07/230.16 mi127a, Avondale Road, Stockport, Greater Manchester SK3 0WD3
£265K07/230.16 mi127a, Avondale Road, Stockport, Greater Manchester SK3 0WD3
£258K12/200.19 mi39, Tenby Road, Stockport, Greater Manchester SK3 0UN3
£290K12/200.19 mi18, Tenby Road, Stockport, Greater Manchester SK3 0UN3
£285K04/210.19 mi28, Tenby Road, Stockport, Greater Manchester SK3 0UN3
£235K02/210.2 mi52, Kensington Road, Stockport, Greater Manchester SK3 0UF3
£274K02/230.2 mi67, Kensington Road, Stockport, Greater Manchester SK3 0UF3
£352K12/220.22 mi66, Avondale Road, Stockport, Greater Manchester SK3 9NY3
£275K03/210.23 mi26, Hillington Road, Stockport, Greater Manchester SK3 9PA3
£145K08/210.23 mi7, Garrett Walk, Stockport, Greater Manchester SK3 0LF3
£150K05/210.24 mi10, Swythamley Road, Stockport, Greater Manchester SK3 0NE3
£273K02/210.24 mi65, Avondale Road, Stockport, Greater Manchester SK3 9NY3
£240K06/210.24 mi74, Avondale Road, Stockport, Greater Manchester SK3 9NY3
£280K08/230.24 mi56, Avondale Road, Stockport, Greater Manchester SK3 9NY3
£280K08/230.24 mi56, Avondale Road, Stockport, Greater Manchester SK3 9NY3
£249K04/230.25 mi2, Congham Road, Stockport, Greater Manchester SK3 9PB3
£149K03/210.26 mi10, Bennett Close, Stockport, Greater Manchester SK3 0LU3
£310K01/230.27 mi168, Edgeley Road, Stockport, Greater Manchester SK3 0TS3
£245K03/210.27 mi17, Bonar Road, Stockport, Greater Manchester SK3 9PD3
£230K09/210.27 mi11, Bonar Road, Stockport, Greater Manchester SK3 9PD3
£248K01/210.29 mi7, Rushton Road, Stockport, Greater Manchester SK3 0UR3
£212K12/200.29 mi3, Rushton Road, Stockport, Greater Manchester SK3 0UR3
£350K10/230.29 mi10, Rushton Road, Stockport, Greater Manchester SK3 0UR3
£330K01/230.3 mi10, Huntley Road, Stockport, Greater Manchester SK3 0RP3
£247K03/210.3 mi21, Huntley Road, Stockport, Greater Manchester SK3 0RP3
£320.9K05/210.31 mi16, Sherborne Road, Stockport, Greater Manchester SK3 0RW3
£298K06/210.31 mi17, Sherborne Road, Stockport, Greater Manchester SK3 0RW3
£344K03/230.31 mi51, St Lesmo Road, Stockport, Greater Manchester SK3 0TX3
£237K07/230.32 mi99, Ingleton Road, Stockport, Greater Manchester SK3 9NR3
£237K07/230.32 mi99, Ingleton Road, Stockport, Greater Manchester SK3 9NR3
£212K08/230.33 mi4, Meerbrook Road, Stockport, Greater Manchester SK3 0NJ3
£310K03/230.33 mi7, Avondale Road, Stockport, Greater Manchester SK3 9NX3
£265K06/210.35 mi35, Sherborne Road, Stockport, Greater Manchester SK3 0SN3
£274K09/210.35 mi51, Sherborne Road, Stockport, Greater Manchester SK3 0SN3

Local Rents

14 rents from £1.2K/mo to £2K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30008/240.28 mi-3
£1,30008/240.28 miAvondale Road, Stockport, SK33
£1,30012/240.41 miCheltenham Road, Stockport, Greater Manchester, SK3 0SL3
£1,20008/240.41 miShaftsbury road Cheadle Heath SK33
£1,30012/240.41 miStockport Road, Cheadle Heath, Stockport, SK3 0RG3
£1,20008/240.42 miBirchfield Road, Stockport, Greater Manchester, SK33
£1,49502/250.42 mi-3
£1,75012/240.44 mi-3
£1,30012/240.44 miDorrington Road, Stockport, SK33
£1,25008/240.45 miChatham Street, Edgeley, Stockport, SK33
£2,00003/250.46 mi-3
£1,25003/250.48 mi-3
£1,70012/240.57 miParkway SK33
£1,45012/240.61 miSykes Meadow, Stockport, Cheshire, SK33

Local Area Statistics

Population in SK3

27,923

Population in Stockport

181,140

Town centre distance

2.57 miles away

Nearest school

0.30 miles away

Nearest train station

0.96 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Listed for £250,000

February 5, 2025

Floor Plans

Description

  • NO ONWARD CHAIN +
  • REQUIRES MODERNISATION +
  • OVER 1300 SQ.FT INCLUDING CELLAR CHAMBERS +
  • LAWNED REAR GARDEN +
  • CONVENIENT LOCATION +
  • VIEWING HIGHLY ADVISED +

A DECEPTIVELY SPACIOUS THREE BEDROOMED PROPERTY.

NO ONWARD CHAIN A SPACIOUS THREE BEDROOMED SEMI DETACHED PROPERTY REQUIRING SOME UPDATING, OCCUPYING AN ELEVATED POSITION AND CONVENIENTLY SITUATED FOR CHEADLE VILLAGE. STOCKPORT TRAIN STATION AND THE MOTORWAY NETWORK. APPROX 1319 SQ.FT. In brief the accommodation comprises; to the ground floor; entrance hallway, lounge, characterised by feature fireplace and a dining kitchen to the ground floor. The first floor reveals three bedrooms and fitted family bathroom, whilst to the lower ground floor are useful cellar chambers offering potential for conversion. In addition the property benefits from upvc double glazing. Externally to the front of the property is a lawned garden and to the rear a further lawned garden enclosed by wooden perimeter fencing and steps leading to the cellar chambers.

Agent Details

Mitchell Williams, Cheadle

0161 491 2709

Next Steps?

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