3 Bed Semi-Detached House, Refurb/BRRR, Stockport, SK5 7NY, £230,000

Morgan Place, South Reddish, SK5 7NY - 2 months ago

Under Offer
Refurb/BRRR
ROI: 3%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£135K - £350K
Sold Prices/m²£1.6K/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£234,600

 

 

End Value (After Refurb)

£233,608

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£39,324

Bridging Loan Interest

£6,038

Total Cash In

£112,712

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£233,608

Mortgage (After Refinance)

£175,206

Mortgage LTV

75%

Cash Released

£2,706

Cash Left In

£110,005

Equity

£58,402

Rent Range

£950 - £2,200

Rent Estimate

£1,291

Running Costs/mo

£1,008

Cashflow/mo

£283

Cashflow/yr

£3,393

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £135K to £350K, average is £241.3K. £1.6K/m² to £4.1K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£135K02/210.05 mi70, Frobisher Place, Stockport, Greater Manchester SK5 7PF3
£145K02/210.05 mi55, Frobisher Place, Stockport, Greater Manchester SK5 7PF3
£180K04/230.05 mi25, Cabot Place, Stockport, Greater Manchester SK5 7PD3
£193K06/230.08 mi10a, Reddish Road, Stockport, Greater Manchester SK5 7PE3
£135.5K04/230.1 mi62, Reddish Road, Stockport, Greater Manchester SK5 7QU3
£240K08/210.13 mi68, Greg Street, Stockport, Greater Manchester SK5 7LB3
£187K03/210.15 mi117, Bangor Street, Stockport, Greater Manchester SK5 7QA3
£195K06/230.16 mi14, Clare Road, Stockport, Greater Manchester SK5 7QW3
£190K11/210.17 mi39, Gair Road, Stockport, Greater Manchester SK5 7LH3
£185K10/210.22 mi8, Colwyn Crescent, Stockport, Greater Manchester SK5 7LL3
£262K01/230.25 mi22, Woodhall Road, Stockport, Greater Manchester SK5 7QH3
£330K12/200.26 mi220, Manchester Road, Stockport, Greater Manchester SK4 1NN3
£165K07/210.27 mi7, Beechwood Avenue, Stockport, Greater Manchester SK5 7QD3
£270K11/200.27 mi6, Horace Grove, Stockport, Greater Manchester SK4 1PP3
£250K02/210.27 mi124, Reddish Road, Stockport, Greater Manchester SK5 7JG3
£179.3K02/210.28 mi11, Bollin Walk, Stockport, Greater Manchester SK5 7JW3
£178K11/200.28 mi10, Acacia Grove, Stockport, Greater Manchester SK5 7QE3
£193K12/220.28 mi5, Acacia Grove, Stockport, Greater Manchester SK5 7QE3
£275K02/210.29 mi22, Kingsley Avenue, Stockport, Greater Manchester SK4 1PW3
£262.5K03/230.3 mi42, Fairford Way, Stockport, Greater Manchester SK5 7NG3
£255K04/210.3 mi14, Birkdale Road, Stockport, Greater Manchester SK5 7LU3
£273K12/200.3 mi123, Manchester Road, Stockport, Greater Manchester SK4 1NL3
£285K02/210.3 mi115, Manchester Road, Stockport, Greater Manchester SK4 1NL3
£190K02/210.31 mi1, Woodhall Road, Stockport, Greater Manchester SK5 7QB3
£247K02/230.31 mi3, Bournville Avenue, Stockport, Greater Manchester SK4 1PR3
£250K12/200.32 mi14, Bournville Avenue, Stockport, Greater Manchester SK4 1PR3
£160K04/210.33 mi13, Ashdale Close, Stockport, Greater Manchester SK5 7JP3
£148.5K03/210.33 mi3, Ashdale Close, Stockport, Greater Manchester SK5 7JP3
£207K02/230.33 mi14, Dane Walk, Stockport, Greater Manchester SK5 7JN3
£237.5K01/210.33 mi9, Colin Road, Stockport, Greater Manchester SK4 1NJ3
£300K07/230.33 mi9, Colin Road, Stockport, Greater Manchester SK4 1NJ3
£182.5K10/200.36 mi14, Baslow Grove, Stockport, Greater Manchester SK5 7NJ3
£237.5K12/220.37 mi10, Severn Way, Stockport, Greater Manchester SK5 7JJ3
£270K12/220.37 mi186, Lloyd Street, Stockport, Greater Manchester SK4 1NH3
£166K03/210.4 mi55, Old Road, Stockport, Greater Manchester SK4 1TD3
£345K01/230.43 mi59, Three Acres Drive, Stockport, Greater Manchester SK5 7NE3
£242.5K03/210.43 mi34, Empress Drive, Stockport, Greater Manchester SK4 2RW3
£217K04/210.43 mi9, Empress Drive, Stockport, Greater Manchester SK4 2RW3
£253.5K09/210.43 mi7, Empress Drive, Stockport, Greater Manchester SK4 2RW3
£255K06/230.45 mi54, Mayfield Grove, South Reddish, Stockport, Greater Manchester SK5 7JB3
£317.5K10/200.45 mi30, Mayfield Grove, South Reddish, Stockport, Greater Manchester SK5 7JB3
£166K11/200.47 mi37, Lloyd Street, Stockport, Greater Manchester SK4 1NE3
£239K06/230.47 mi39, Lloyd Street, Stockport, Greater Manchester SK4 1NE3
£266K02/230.47 mi10, Mayfield Grove, South Reddish, Stockport, Greater Manchester SK5 7JB3
£275K08/210.48 mi10, Bollington Road, Stockport, Greater Manchester SK4 5ET3
£260K04/210.48 mi3, Bollington Road, Stockport, Greater Manchester SK4 5ET3
£242.5K12/200.49 mi23, Bryn Drive, Stockport, Greater Manchester SK5 7JD3
£340K03/230.49 mi23, Gower Road, Heaton Chapel, Stockport, Greater Manchester SK4 2QY3
£290K04/210.5 mi2, St Marys Drive, Stockport, Greater Manchester SK5 7AX3
£350K12/200.5 mi249, Manchester Road, Stockport, Greater Manchester SK4 5EB3

Local Rents

48 rents from £950/mo to £2.2K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,15008/240.11 miMelton Street, Stockport, Greater Manchester, SK53
£1,10008/240.17 mi-3
£1,10008/240.17 miPearson Street, Stockport, SK53
£1,40009/240.33 miLower moat close SK43
£1,25008/240.41 miMeadow Mill, Water Street, Stockport3
£1,50008/240.57 miGreen Bank Terrace, Stockport, Greater Manchester, SK43
£1,15002/240.62 mi-3
£1,50009/240.64 miWhirley Close, Heaton Chapel, Stockport3
£1,15012/240.67 mi-3
£95008/240.69 miBrinnington Road,Stockport,SK13
£1,05008/240.71 miConiston Road, Reddish, SK53
£2,20004/250.82 mi-3
£2,00008/240.85 miEgerton Road North, Heaton Moor, Stockport3
£1,37509/240.89 mi4Weston Grove, Stockport, Greater Manchester, SK43
£97509/240.9 miWestminster Avenue, Stockport3
£1,10012/240.92 mi-3
£1,50008/240.92 miNursery Road, Heaton Norris, Stockport3
£1,20009/240.92 miHurst Street, Reddish, Stockport, SK53
£1,20008/240.92 miVernon Avenue; Stockport; SK13
£1,20011/240.93 mi-3
£1,30008/240.93 mi-3
£1,25009/240.94 miBrinnington Road, Brinington, Stockport3
£1,25003/250.95 mi-3
£1,25008/241 miBlackbrook Road, Heaton Chapel, Stockport, SK43
£1,19502/251.01 mi-3
£1,45008/241.02 miVictoria Mill, Houldsworth Street, Reddish, Greater Manchester, SK53
£1,45009/241.02 miVictoria Mill, Houldsworth Street, Reddish, Greater Manchester, SK53
£1,10008/241.04 miMayorlowe Avenue, Brinnington, Stockport, SK53
£1,35008/241.05 miTurncroft Lane, Offerton3
£1,35008/241.05 miTurncroft Lane, Offerton, SK13
£1,15008/241.05 mi-3
£1,25002/241.06 mi-3
£1,98008/241.06 mi-3
£1,35009/241.08 miHeaton Moor Road, Heaton Moor, Stockport, SK43
£99512/241.09 miGlebe Street, Offerton3
£1,40008/241.1 miShaw House, Shaw Road, Heaton Moor3
£1,25009/241.14 miHolcombe Walk, Stockport, SK43
£1,15009/241.14 miLuton Road, Reddish, Stockport, SK53
£1,20011/231.14 mi-3
£95012/231.14 mi-3
£1,40008/241.15 mi-3
£1,40008/241.15 miHarrow Drive, Stockport, SK43
£1,60010/241.18 mi-3
£1,45008/241.19 miElisabeth Gardens, SK53
£1,50009/241.19 miElisabeth Gardens, SK53
£1,25011/241.19 mi-3
£1,35004/251.19 mi-3
£1,29510/241.21 mi-3

Local Area Statistics

Population in SK5

29,538

Population in Stockport

181,140

Town centre distance

2.58 miles away

Nearest school

0.20 miles away

Nearest train station

0.87 miles away

 

 

Rental growth (12m)

+28%

Sales demand

Seller's market

Capital growth (5yrs)

+48%

Property History

Listed for £230,000

February 10, 2025

Floor Plans

Description

  • M67/M60 Motorway Links 10 Minute's Drive +
  • Direct Transport Links To Manchester City Centre +
  • Reddish Vale Country Park Close Proximity +
  • Train Station Walking Distance +
  • Good Primary And Secondary Schools +
  • Spacious Room Dimensions Throughout +
  • Newly Fitted Bathroom With Bath And Shower +
  • Book A Viewing By Clicking On The Brochure Link +
  • Free Hold +
  • Residents Parking +

The Property
Spacious Family Home in South Reddish - A Must-See!

Welcome to your dream family home, nestled in a tranquil cul-de-sac in the sought-after area of South Reddish. This beautifully maintained property offers a perfect blend of space, comfort, and convenience, making it an ideal choice for families and commuters alike. With private residence parking.

The home boasts generous room dimensions throughout, designed with family life in mind.
It’s just a 10-minute drive to the M60/M67 motorways, and Reddish Train Station is within walking distance, making commutes to Stockport and Manchester City Centre a breeze. Local shops, parks, and Reddish Vale Country Park are all within easy reach, ensuring you have everything you need at your fingertips. Additionally, the property is situated within an excellent school catchment area for both primary and secondary schools, making it perfect for families with children.

As you step through the front door, you are greeted by a spacious hallway complete with a convenient WC. The heart of the home features a generous open-plan lounge/diner, which includes a charming bay window and French doors that seamlessly lead to the rear garden, creating a harmonious indoor-outdoor flow. The separate kitchen and utility area, while in need of updating, present a fantastic opportunity to create your dream culinary space, and this is reflected in the attractive asking price.

Upstairs, you’ll find three good-sized bedrooms that provide ample space for family living, along with a handy storage cupboard. The newly renovated family bathroom is a highlight, featuring both a bath and a separate shower unit—perfect for busy mornings or relaxing evenings.

This property is not just a house; it’s a home waiting to create lasting memories. Don’t miss the opportunity to view this exceptional family residence. Contact us today to arrange a viewing on or Book a viewing directly via Rightmove by clicking on brochure link

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Stockport

020 3834 7974

Next Steps?

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