4 Bed Terraced House, Refurb/BRRR, Bredbury, SK6 2RY, £250,000

Castle Hill, Bredbury, SK6 2RY - 3 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~129 m²
+15 photos

ValuationFair Value

Sold Prices£135.5K - £428K
Sold Prices/m²£1.8K/m² - £3.6K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.9K/m²

Value Estimate

£250,000

 

 

End Value (After Refurb)

£269,198

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£54,655

Bridging Loan Interest

£6,563

Total Cash In

£134,168

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£269,198

Mortgage (After Refinance)

£201,899

Mortgage LTV

75%

Cash Released

£14,399

Cash Left In

£119,769

Equity

£67,300

Rent Range

£950 - £2,000

Rent Estimate

£1,500

Running Costs/mo

£1,161

Cashflow/mo

£339

Cashflow/yr

£4,065

ROI

3%

Gross Yield

7%

Local Sold Prices

21 sold prices from £135.5K to £428K, average is £304K. £1.8K/m² to £3.6K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£135.5K11/200.55 mi1, Byron Road, Denton, Manchester, Greater Manchester M34 7LY4
£355K03/210.6 mi21, Scott Road, Denton, Manchester, Greater Manchester M34 6EU4
£355K02/210.6 mi471, Stockport Road, Denton, Manchester, Greater Manchester M34 6EG4
£285K07/230.62 mi82, Wordsworth Road, Denton, Manchester, Greater Manchester M34 7LD4
£334.4K12/220.63 mi24, Cemetery Road, Denton, Manchester, Greater Manchester M34 6ER4
£425K09/220.63 mi456, Stockport Road, Denton, Manchester, Greater Manchester M34 6EQ4
£311.5K12/200.63 mi440, Stockport Road, Denton, Manchester, Greater Manchester M34 6EQ4
£428K05/210.63 mi450, Stockport Road, Denton, Manchester, Greater Manchester M34 6EQ4
£308.8K09/230.69 mi12, Laureate Way, Denton, Manchester, Greater Manchester M34 7NH4
£210K01/240.71 mi57, Standish Walk, Denton, Manchester, Greater Manchester M34 6FY4
£290K05/240.75 miBurnside, Meadow Lane, Denton, Manchester, Greater Manchester M34 7QA4
£260K09/210.81 mi10, Church Avenue, Denton, Manchester, Greater Manchester M34 7PP4
£312K01/210.82 mi23, Reid Close, Denton, Manchester, Greater Manchester M34 7QH4
£250K03/230.88 mi173, Town Lane, Denton, Manchester, Greater Manchester M34 2DW4
£225K02/240.93 mi1, Bradwen Close, Denton, Manchester, Greater Manchester M34 7TD4
£282.5K12/220.95 mi31, Legh Drive, Woodley, Stockport, Greater Manchester SK6 1PT4
£270K08/210.95 mi24, Kennett Drive, Bredbury, Stockport, Greater Manchester SK6 2GA4
£304K05/230.95 mi27, Kennett Drive, Bredbury, Stockport, Greater Manchester SK6 2GA4
£250K07/210.95 mi29, Kennett Drive, Bredbury, Stockport, Greater Manchester SK6 2GA4
£395K03/210.97 mi19, Werneth Hollow, Woodley, Stockport, Greater Manchester SK6 1PW4
£425K04/240.99 mi126, Town Lane, Denton, Manchester, Greater Manchester M34 2BS4

Local Rents

49 rents from £950/mo to £2K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,60008/240 miCastle Hill, Bredbury, Stockport, SK64
£1,60008/240 mi-4
£1,60009/240.47 miEastbourne Crescent, Stockport, Cheshire, SK53
£1,50009/240.48 miEastbourne Crescent SK53
£1,35008/240.51 mi-3
£1,55012/240.54 mi-3
£1,10008/240.6 miLapwing Lane, Brinnington, SK53
£95005/240.6 mi-3
£1,15005/240.6 mi-3
£1,25003/250.62 mi-3
£1,29508/240.63 miBrigadier Road, Brinnington, Stockport, SK53
£1,00009/240.64 mi-3
£1,20012/240.65 mi-3
£1,39505/240.69 mi-3
£1,45012/240.71 miMill Lane SK63
£1,15006/240.72 miFoxdenton Walk, Denton, M343
£1,47504/250.73 mi-3
£1,60001/250.75 mi-3
£1,55002/250.75 mi-3
£1,25011/240.78 mi-3
£1,35004/250.78 mi-3
£1,25008/240.79 mi-3
£1,25003/250.79 mi-3
£1,25008/240.79 miBlackberry Lane, Stockport, SK53
£1,95005/240.82 miReid Close, Denton, Manchester, M343
£1,20010/240.83 mi-3
£1,15008/240.86 mi-3
£1,25010/240.86 mi-3
£1,35005/240.9 miDene Brow, Denton, Manchester4
£1,07505/240.9 miGreendale Grove, Denton, Manchester, Greater Manchester, M343
£2,00008/240.91 miDairy Close, Stockport, SK54
£2,00009/240.91 mi-4
£2,00002/250.91 mi-4
£2,00003/250.91 mi-4
£1,35004/240.94 mi-3
£1,10006/240.95 mi-3
£1,10005/240.95 miTwo Trees Lane, Denton, M343
£1,20011/240.96 mi-3
£1,20005/240.97 miGibraltar Lane, Denton, Manchester3
£1,29003/251.01 mi-3
£1,10008/241.03 miMayorlowe Avenue, Brinnington, Stockport, SK53
£1,20008/241.06 mi-3
£1,39508/241.07 mi-3
£1,34508/241.07 miThe Broadway, Bredbury, Stockport, Cheshire, SK63
£1,12012/241.07 mi-3
£1,12012/241.07 mi-3
£1,12012/241.07 mi-3
£1,12004/251.07 mi-3
£1,12004/251.07 mi-3

Local Area Statistics

Population in SK6

50,689

Town centre distance

0.68 miles away

Nearest school

0.30 miles away

Nearest train station

0.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £250,000

February 11, 2025

Floor Plans

Description

  • No Chain +
  • Great Investment Opportunity +
  • 7.2% NET Yield +
  • Newly Renovated Throughout +
  • Terraced House +
  • Four Double Bedrooms +
  • New Heating System +
  • Fully Rewired +
  • New Kitchen, Bathroom & Ensuite +
  • Driveway for Two Cars +

Nestled in the charming area of Castle Hill, Bredbury, this beautifully renovated terraced house presents an exceptional opportunity for both homebuyers and investors alike. Spanning an impressive 1,292 square feet, the property boasts two spacious reception rooms, perfect for entertaining guests or enjoying family time.

The residence features four well-appointed bedrooms, providing ample space for a growing family or the flexibility to create a home office. With two modern bathrooms, including a newly fitted ensuite, convenience and comfort are at the forefront of this home’s design.

The recent renovations have transformed this property into a contemporary haven, with a complete rewiring and a brand-new heating system ensuring energy efficiency and peace of mind. The stylish new kitchen is a chef's delight, ready for culinary adventures, while the bathrooms offer a touch of luxury with their modern finishes.

For those with vehicles, the property includes parking for two cars, a valuable asset in this desirable location. Currently rented at £1,500 per calendar month, this home offers an impressive net yield of 7.92%, making it an attractive investment opportunity.

In summary, this terraced house in Castle Hill is not only a delightful family home but also a sound investment, combining modern living with the charm of a well-established neighbourhood. Don’t miss the chance to make this property your own or add it to your investment portfolio.

Living Room - 4.24m x 4.22m (13'10" x 13'10") - Living room with newly fitted carpet and new double glazed window

Kitchen/Diner - 5.46m x 3.66m (17'10" x 12'0") - Open plan kitchen and dining space with ample storage across a range of wall and base units, integrated fridge, freezer, dishwasher, oven, hob, extractor fan and dining area with space for 6 seater dining table and chairs, and access to the North facing rear garden through a set of new double glazed patio doors

W.C. - W.C. with toilet, wash hand basin and a new frosted double glazed window

Bedroom One - 4.29m x 4.27m (14'0" x 14'0" ) - Double bedroom with new carpeted flooring, a new double glazed window and access to the ensuite

Ensuite - Ensuite with walk in shower unit, toilet, wash hand basin and built in storage

Bedroom Two - 4.24m x 3.23m (13'10" x 10'7") - Double bedroom with newly carpeted flooring, and a new double glazed window

Bedroom Three - 3.20m x 2.31m (10'5" x 7'6") - Double bedroom with newly carpeted flooring, and a new double glazed window

Bedroom Four - 4.22m x 3.81m (13'10" x 12'5") - Double bedroom with newly carpeted flooring, and a new double glazed window

Bathroom - Modern master bathroom with shower over bath, glass shower screen, toilet, wash hand basin, heated chrome towel radiator and new double glazed frosted window

Rear Garden - 4.22m x 3.89m (13'10" x 12'9") - North facing rear garden with stone paved patio area, and double gates to to the rear

Driveway - Driveway for 2 cars

Financial Breakdown - Monthly Rental Income:- £1,500pcm
Yearly Rental Income:- £18,000pa
NET Yield:- 7.2%

Agent Details

A To Bee Property, Whitefield

0161 524 2726

Next Steps?

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