3 Bed Semi-Detached House, Refurb/BRRR, Stockport, SK5 7BG, £220,000

Newport Avenue, South Reddish, Stockport, SK5 7BG - 3 views - 2 months ago

Refurb/BRRR
Planning
ROI: 2%
~93 m²
+11 photos

ValuationUndervalued

Sold Prices£145K - £395K
Sold Prices/m²£1.9K/m² - £4.6K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£226,600
BMV3%

 

 

End Value (After Refurb)

£237,079

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£39,324

Bridging Loan Interest

£5,775

Total Cash In

£109,649

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£237,079

Mortgage (After Refinance)

£177,809

Mortgage LTV

75%

Cash Released

£12,809

Cash Left In

£96,840

Equity

£59,270

Rent Range

£900 - £1,650

Rent Estimate

£1,224

Running Costs/mo

£1,006

Cashflow/mo

£218

Cashflow/yr

£2,620

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £145K to £395K, average is £235K. £1.9K/m² to £4.6K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£200K08/210.04 mi16, Newquay Avenue, Stockport, Greater Manchester SK5 7BQ3
£240K05/210.04 mi2, Newquay Avenue, Stockport, Greater Manchester SK5 7BQ3
£245K03/230.04 mi41, Rowsley Grove, Stockport, Greater Manchester SK5 7BH3
£215K12/220.07 mi2, Chantry Close, Stockport, Greater Manchester SK5 7AD3
£225K12/200.07 mi9, Hurst Street, Stockport, Greater Manchester SK5 7BA3
£230K04/210.07 mi13, Hurst Street, Stockport, Greater Manchester SK5 7BA3
£210K12/220.11 mi14, Westminster Avenue, Stockport, Greater Manchester SK5 7AZ3
£185K03/210.13 mi307, Greg Street, Stockport, Greater Manchester SK5 7BP3
£170K10/210.14 mi48, Broadstone Road, Stockport, Greater Manchester SK5 7AE3
£289.9K03/210.15 mi27, Charlbury Avenue, Stockport, Greater Manchester SK5 7SY3
£278.5K06/230.18 mi2, Lockton Close, Stockport, Greater Manchester SK5 7SU3
£270K07/210.21 mi26, Maypool Drive, Stockport, Greater Manchester SK5 7SZ3
£330K02/230.22 mi102, Broadstone Road, Stockport, Greater Manchester SK4 5HS3
£190K02/210.22 mi31, Margate Road, Stockport, Greater Manchester SK5 6TH3
£210K08/210.22 mi10, Grasmere Avenue, Stockport, Greater Manchester SK4 5HU3
£250K10/210.22 mi21, Grasmere Avenue, Stockport, Greater Manchester SK4 5HU3
£335K01/230.22 mi29, Grasmere Avenue, Stockport, Greater Manchester SK4 5HU3
£207K12/220.23 mi11, Lichfield Avenue, Stockport, Greater Manchester SK5 6BQ3
£240K12/200.23 mi55, Reddish Vale Road, Stockport, Greater Manchester SK5 7EU3
£270K07/230.25 mi355, Reddish Road, Stockport, Greater Manchester SK5 7EN3
£175K12/200.25 mi21, Lichfield Avenue, Stockport, Greater Manchester SK5 6BQ3
£220.5K02/210.25 mi19, Lichfield Avenue, Stockport, Greater Manchester SK5 6BQ3
£300K02/230.25 mi10, Burnside Avenue, Stockport, Greater Manchester SK4 5HY3
£275K01/210.25 mi11, Burnside Avenue, Stockport, Greater Manchester SK4 5HY3
£225K08/210.26 mi28, Higginson Road, Stockport, Greater Manchester SK5 6BG3
£295K03/230.26 mi40, Melling Avenue, Stockport, Greater Manchester SK4 5JG3
£332.5K03/210.28 mi22, Waverton Avenue, Stockport, Greater Manchester SK4 5JT3
£195K09/210.28 mi91, Dumbarton Road, Stockport, Greater Manchester SK5 7EX3
£261.6K11/210.28 mi14, Marton Grove, Stockport, Greater Manchester SK4 5JQ3
£186K11/200.28 mi51, Lambeth Road, Stockport, Greater Manchester SK5 6TL3
£206K01/210.29 mi96, Dumbarton Road, Stockport, Greater Manchester SK5 7EX3
£220K05/210.29 mi19, Knutsford Avenue, Stockport, Greater Manchester SK4 5LQ3
£285K12/200.29 mi9, Bowness Avenue, Stockport, Greater Manchester SK4 5JA3
£395K05/230.29 mi4, Bowness Avenue, Stockport, Greater Manchester SK4 5JA3
£310K06/210.29 mi19, Keswick Road, Stockport, Greater Manchester SK4 5JS3
£385K02/230.3 mi15, Marton Grove, Stockport, Greater Manchester SK4 5JQ3
£310K03/210.31 mi52, Briarfield Road, Stockport, Greater Manchester SK4 5HZ3
£145K03/230.31 mi18, Luton Road, Stockport, Greater Manchester SK5 6AG3
£278.5K03/210.31 mi207, Broadstone Road, Stockport, Greater Manchester SK4 5HP3
£220K02/230.31 mi82, Dumbarton Road, Stockport, Greater Manchester SK5 7EX3
£165K12/200.31 mi17, Brunton Road, Stockport, Greater Manchester SK5 7ES3
£187K01/210.32 mi47, Brentford Road, Stockport, Greater Manchester SK5 7EA3
£270K01/210.33 mi140, Broadstone Road, Stockport, Greater Manchester SK4 5HR3
£180K07/210.33 mi10, Dalkeith Avenue, Stockport, Greater Manchester SK5 7EZ3
£255K03/210.34 mi88, Carnforth Road, Stockport, Greater Manchester SK4 5LF3
£190K06/210.34 mi22, Sykes Street, Stockport, Greater Manchester SK5 6AL3
£260K10/210.35 mi50, Dumbarton Road, Stockport, Greater Manchester SK5 7EH3
£198K09/210.35 mi55, Dumbarton Road, Stockport, Greater Manchester SK5 7EH3
£184K11/210.36 mi8, Coniston Road, Stockport, Greater Manchester SK5 7EJ3
£305K12/200.36 mi37, Keswick Road, Stockport, Greater Manchester SK4 5JU3

Local Rents

27 rents from £900/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20009/240.09 miHurst Street, Reddish, Stockport, SK53
£97509/240.13 miWestminster Avenue, Stockport3
£1,19502/250.14 mi-3
£1,45008/240.18 miVictoria Mill, Houldsworth Street, Reddish, Greater Manchester, SK53
£1,45009/240.18 miVictoria Mill, Houldsworth Street, Reddish, Greater Manchester, SK53
£1,15009/240.32 miLuton Road, Reddish, Stockport, SK53
£1,20011/230.32 mi-3
£95012/230.32 mi-3
£1,60010/240.32 mi-3
£1,25003/250.33 mi-3
£1,45008/240.33 miElisabeth Gardens, SK53
£1,50009/240.33 miElisabeth Gardens, SK53
£1,05008/240.36 miConiston Road, Reddish, SK53
£1,15002/240.37 mi-3
£1,15012/240.4 mi-3
£90009/240.41 miIlkley Crescent, Stockport, Greater Manchester, SK53
£1,25009/240.44 miHolcombe Walk, Stockport, SK43
£1,25008/240.46 miBlackbrook Road, Heaton Chapel, Stockport, SK43
£1,40012/240.47 mi-3
£1,10008/240.48 mi-3
£1,20011/230.49 mi-3
£1,65003/250.5 mi-3
£1,20011/240.53 mi-3
£1,20008/240.53 mi-3
£1,20008/240.55 miOlwen Crescent, Reddish, Stockport, SK53
£1,10009/240.56 miMelanie Drive, Stockport3
£1,30008/240.58 miBalfour Grove, Stockport, Greater Manchester, SK53

Local Area Statistics

Population in SK5

29,538

Population in Stockport

181,140

Town centre distance

3.40 miles away

Nearest school

0.20 miles away

Nearest train station

0.18 miles away

 

 

Rental growth (12m)

+28%

Sales demand

Seller's market

Capital growth (5yrs)

+48%

Property History

Listed for £220,000

February 10, 2025

Floor Plans

Description

  • Three Bedrooms +
  • Large Plot +
  • Refurbishment Required +
  • Driveway Parking +
  • Semi-detached +
  • Quiet cul-de-sac +

Situated on Newport Avenue in Reddish, a three bedroom semi-detached property with excellent potential and scope to extend (subject to planning permission).

The property benefits from driveway parking to the front, and a large garden to the rear and side.

Internally comprising of; entrance hallway, spacious lounge and kitchen with access to the rear garden. Upstairs there are two good sized double bedrooms, a single bedroom and three piece bathroom suite with shower over bath.

The property is in need of modernisation throughout but offers great potential for a new owner or investor to put their stamp on the property.
EPC Rating - D.

Agent Details

Julian Wadden, Stockport

0161 524 7110

Next Steps?

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