2 Bed Flat, Single Let, Stockport, SK4 3NE, £200,000

Mauldeth Road, Heaton Mersey, Stockport, SK4 3NE - 2 views - 3 months ago

Leasehold

BTL

ROI: 1%

~68 m²

+6 photos

ValuationUndervalued

Sold Prices	£103K - £325K
Sold Prices/m²	£1.7K/m² - £6.7K/m²

Square Metres	~68.11 m²
Price/m²	£2.9K/m²
Value Estimate	£213,834£213,834
BMV	7%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£50,000£50,000
Stamp Duty & Legal Fees	£7,200£7,200
Total Cash In	£57,200£57,200

Cash Out
Rent Range	£820 - £2,300£820 - £2,300
Rent Estimate	£860
Running Costs/mo	£817£817
Cashflow/mo	£43£43
Cashflow/yr	£516£516
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

25 sold prices from £103K to £325K, average is £187K. £1.7K/m² to £6.7K/m², average is £3.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£187K	09/21	0.18 mi	9, Clifton Court, Stockport, Greater Manchester SK4 4DB	-	-	2	Flat
£195K	05/21	0.18 mi	3, Beaminster Court, Stockport, Greater Manchester SK4 3HY	-	-	2	Flat
£195K	11/20	0.23 mi	206b, Heaton Moor Road, Stockport, Greater Manchester SK4 4DU	£2,671	73	2	Flat
£179K	04/23	0.33 mi	30a, Sunnybank Avenue, Stockport, Greater Manchester SK4 3PR	£3,240	55	2	Flat
£155K	03/21	0.43 mi	Flat 9, Church Manor, Stanley Road, Stockport, Greater Manchester SK4 4HL	-	-	2	Flat
£167.5K	04/21	0.52 mi	7, Fox Hill Court, Stockport, Greater Manchester SK4 2DU	£3,350	50	2	Flat
£205K	03/21	0.55 mi	Flat 4, Lea Court, Heaton Moor Road, Stockport, Greater Manchester SK4 4PZ	-	-	2	Flat
£200K	03/21	0.55 mi	Flat 12, Lea Court, Heaton Moor Road, Stockport, Greater Manchester SK4 4PZ	-	-	2	Flat
£290K	06/21	0.56 mi	28, Colchester Place, Stockport, Greater Manchester SK4 2NY	£3,867	75	2	Flat
£128K	08/22	0.6 mi	15, Oakland Avenue, Manchester, Greater Manchester M19 1LB	-	-	2	Flat
£285K	04/21	0.62 mi	8, March Avenue, Stockport, Greater Manchester SK4 2LB	£3,701	77	2	Flat
£187K	06/21	0.63 mi	470a, Didsbury Road, Stockport, Greater Manchester SK4 3BS	£3,463	54	2	Flat
£144K	10/21	0.66 mi	36e, Norris Hill Drive, Stockport, Greater Manchester SK4 2NR	£2,703	53	2	Flat
£184.9K	05/23	0.66 mi	56g, Norris Hill Drive, Stockport, Greater Manchester SK4 2NR	-	-	2	Flat
£167.5K	05/21	0.66 mi	56f, Norris Hill Drive, Stockport, Greater Manchester SK4 2NR	£2,393	70	2	Flat
£128K	08/21	0.68 mi	9, Alston Gardens, Manchester, Greater Manchester M19 1DW	£2,000	64	2	Flat
£170K	09/23	0.78 mi	838, Burnage Lane, Manchester, Greater Manchester M19 1RS	£3,489	49	2	Flat
£103K	01/21	0.8 mi	77, Broadlea Road, Manchester, Greater Manchester M19 1EG	-	-	2	Flat
£177.5K	01/23	0.82 mi	49g, Crescent Park, Stockport, Greater Manchester SK4 2JD	£4,931	36	2	Flat
£325K	10/22	0.88 mi	76, Green Pastures, Stockport, Greater Manchester SK4 3RA	£4,333	75	2	Flat
£220.5K	03/23	0.94 mi	36, Printers Close, Manchester, Greater Manchester M19 1TL	£3,196	69	2	Flat
£200K	01/21	0.94 mi	28, Printers Close, Manchester, Greater Manchester M19 1TL	£3,077	65	2	Flat
£209.8K	07/23	0.94 mi	7, Printers Close, Manchester, Greater Manchester M19 1TL	£6,659	32	2	Flat
£188K	01/21	0.94 mi	36, Printers Close, Manchester, Greater Manchester M19 1TL	£2,725	69	2	Flat
£115K	03/21	0.97 mi	1a, Avon Road, Manchester, Greater Manchester M19 1HP	£1,746	66	2	Flat

Local Rents

45 rents from £820/mo to £2.3K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£950	10/24	0.2 mi	-	2	Flat
£950	09/24	0.31 mi	Sunnybank Avenue, Heaton Mersey, Stockport	2	Flat
£1,150	09/24	0.31 mi	Castlewood Apartments, 192 Wellington Rd North, Heaton Norris, Stockport, SK4	2	Flat
£1,200	09/24	0.31 mi	Castlewood Apartments, 192 Wellington Rd North, Heaton Norris, Stockport, SK4	2	Flat
£1,150	09/24	0.31 mi	Castlewood Apartments, 192 Wellington Rd North, Heaton Norris, Stockport, SK4	2	Flat
£900	09/24	0.32 mi	Hooley Range, Heaton Moor, Stockport, SK4	2	Flat
£900	08/24	0.35 mi	Moorside Road, Stockport	2	Flat
£820	08/24	0.35 mi	-	2	Flat
£900	08/24	0.35 mi	Moorside Road, Stockport	2	Flat
£1,100	09/24	0.35 mi	Epworth Court, Hooley Range, Heaton Moor	2	Flat
£850	09/24	0.35 mi	Kingsleigh Road, Heaton Mersey, Stockport, SK4	2	Flat
£1,075	03/25	0.35 mi	-	2	Flat
£1,075	11/24	0.35 mi	-	2	Flat
£1,100	10/24	0.35 mi	-	2	Flat
£1,100	01/25	0.35 mi	-	2	Flat
£1,150	02/25	0.35 mi	-	2	Flat
£1,495	08/24	0.35 mi	Devonshire Road, Heaton Moor, Stockport, SK4	2	Terraced House
£1,300	09/24	0.35 mi	Devonshire Road, Heaton Moor, Stockport, Cheshire, SK4	2	Terraced House
£1,200	08/24	0.36 mi	Leewood Court, 23 Hooley Range, Heaton Moor, Manchester, SK4	2	Flat
£975	09/24	0.36 mi	Epworth Court, 18 Hooley Range, Heaton Moor, Stockport, SK4	2	Flat
£2,300	08/24	0.37 mi	-	2	Flat
£950	08/24	0.39 mi	-	2	Flat
£1,150	08/24	0.39 mi	-	2	Flat
£1,275	08/24	0.39 mi	Hollycrest Apartments	2	Flat
£1,000	09/24	0.39 mi	Mersey Road, Heaton Mersey, Stockport, SK4	2	Flat
£1,050	07/24	0.43 mi	-	2	Flat
£870	08/24	0.44 mi	118 Heaton Moor Road, Stockport, SK4 4JY	2	Flat
£1,250	08/24	0.47 mi	-	2	Flat
£1,200	08/24	0.48 mi	Heaton Moor Road, Stockport, Greater Manchester, SK4	2	Flat
£1,200	04/25	0.5 mi	-	2	Flat
£1,600	03/25	0.51 mi	-	2	Flat
£1,000	08/24	0.53 mi	Colchester Place, Heaton Norris, Stockport	2	Flat
£1,150	09/24	0.53 mi	Colchester Place, Heaton Norris, Stockport	2	Flat
£995	09/24	0.53 mi	Heaton Moor Road, Heaton Moor	2	Flat
£1,445	02/25	0.53 mi	-	2	Flat
£1,150	08/24	0.53 mi	Lyme Street, Heaton Mersey, Stockport, SK4	2	Terraced House
£1,150	09/24	0.54 mi	64-66 Heaton Moor Road, Stockport, SK4 4NZ	2	Flat
£1,100	03/25	0.55 mi	-	2	Flat
£895	08/24	0.55 mi	The Coach House, 92 Heaton Moor Road, Heaton Moor, Stockport, SK4	2	Flat
£1,000	02/25	0.57 mi	-	2	Semi-Detached House
£1,195	08/24	0.58 mi	Heaton Moor Road, Stockport, Greater Manchester, SK4	2	Flat
£1,300	09/24	0.6 mi	Briars Mount, Heaton Mersey, Stockport, SK4	2	Semi-Detached House
£900	08/24	0.62 mi	Rosgiil Close, Stockport, SK4	2	Terraced House
£900	08/24	0.62 mi	-	2	Terraced House
£1,250	09/24	0.62 mi	Kentstone Avenue, Stockport	2	Semi-Detached House

Local Area Statistics

Population in SK4	34,51034,510
Population in Stockport	181,140181,140
Town centre distance	3.42 miles away3.42 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.80 miles away0.80 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-9%-9%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+31%+31%

Property History

Listed for £200,000

February 7, 2025

Floor Plans

Description

NO ONWARD CHAIN GARAGE TO THE REAR An ATTRACTIVE two bedroomed LOWER GROUND FLOOR APARTMENT superbly located within this STUNNING VICTORIAN CONVERSION, in a POPULAR AREA close to THORNFIELD PARK and WITHIN WALKING DISTANCE of HEATON MOOR VILLAGE. APPROX 686 SQ.FT. The property benefits from a wealth of character and in brief comprises; welcoming communal entrance hallway leading down to the apartment entrance, hallway, spacious open lounge/dining room, fitted kitchen, two double bedrooms and modern bathroom. Externally there is an enclosed small courtyard area. Fitted with gas central heating and double glazing, off road parking and garage. Early viewings are highly recommended.

Agent Details

Mitchell Williams, Cheadle

0161 491 2709

Next Steps?

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

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