2 Bed Terraced House, Refurb/BRRR, Stockport, SK3 0SX, £190,000

212 Eva Road, Cheadle Heath, UK - 5 views - 2 months ago

Sold STC
Leasehold
Refurb/BRRR
Planning
ROI: 2%
~68 m²
+6 photos

ValuationFair Value

Sold Prices£130K - £275K
Sold Prices/m²£2.1K/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£186,494

 

 

End Value (After Refurb)

£212,862

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£28,709

Bridging Loan Interest

£4,988

Total Cash In

£90,147

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£212,862

Mortgage (After Refinance)

£159,647

Mortgage LTV

75%

Cash Released

£17,147

Cash Left In

£73,000

Equity

£53,216

Rent Range

£800 - £1,250

Rent Estimate

£1,037

Running Costs/mo

£893

Cashflow/mo

£144

Cashflow/yr

£1,733

ROI

2%

Gross Yield

7%

Local Sold Prices

53 sold prices from £130K to £275K, average is £207.6K. £2.1K/m² to £4.3K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£197.1K04/230.01 mi5, Eva Road, Stockport, Greater Manchester SK3 0SX2
£182K12/200.03 mi6, Birchfield Road, Stockport, Greater Manchester SK3 0SY2
£177.9K01/210.03 mi15, Birchfield Road, Stockport, Greater Manchester SK3 0SY2
£169K04/210.03 mi5, Birchfield Road, Stockport, Greater Manchester SK3 0SY2
£207.6K04/210.04 mi14, Elm Road South, Stockport, Greater Manchester SK3 0SR2
£275K12/220.06 mi39, Heathside Road, Stockport, Greater Manchester SK3 0SW2
£220K12/220.06 mi8, Heathside Road, Stockport, Greater Manchester SK3 0SW2
£130K01/230.07 mi7, Heathside Road, Stockport, Greater Manchester SK3 0SW2
£266K02/230.08 mi5, Nursery Lane, Stockport, Greater Manchester SK3 0PW2
£200K01/210.08 mi9, Nursery Lane, Stockport, Greater Manchester SK3 0PW2
£171.5K11/200.17 mi56, Sherborne Road, Stockport, Greater Manchester SK3 0SN2
£258K02/230.18 mi36, Cheltenham Road, Stockport, Greater Manchester SK3 0SL2
£203K08/210.19 mi30, Criccieth Road, Stockport, Greater Manchester SK3 0ND2
£232K08/230.19 mi8, Criccieth Road, Stockport, Greater Manchester SK3 0ND2
£232K08/230.19 mi8, Criccieth Road, Stockport, Greater Manchester SK3 0ND2
£207.5K08/230.22 mi52, Shaftesbury Road, Stockport, Greater Manchester SK3 0SH2
£207.5K08/230.22 mi52, Shaftesbury Road, Stockport, Greater Manchester SK3 0SH2
£200K04/210.26 mi11, Cheltenham Road, Stockport, Greater Manchester SK3 0RR2
£230K09/210.26 mi4, Cheltenham Road, Stockport, Greater Manchester SK3 0RR2
£250K12/210.26 mi10, Cheltenham Road, Stockport, Greater Manchester SK3 0RR2
£206.5K06/210.27 mi3, Dane Avenue, Stockport, Greater Manchester SK3 0NN2
£220K06/230.27 mi3, Dane Avenue, Stockport, Greater Manchester SK3 0NN2
£220K03/230.3 mi22, Shaftesbury Road, Stockport, Greater Manchester SK3 0SG2
£234K06/230.3 mi11, Shaftesbury Road, Stockport, Greater Manchester SK3 0SG2
£234K06/230.3 mi11, Shaftesbury Road, Stockport, Greater Manchester SK3 0SG2
£243K12/220.35 mi3, Tenby Road, Stockport, Greater Manchester SK3 0UN2
£195K02/230.37 mi6, Sandown Road, Cheadle Heath, Stockport, Greater Manchester SK3 0JF2
£198K03/210.39 mi7, Bordon Road, Stockport, Greater Manchester SK3 0UW2
£220K07/230.39 mi21, Bordon Road, Stockport, Greater Manchester SK3 0UW2
£232.5K07/230.39 mi38, Lorland Road, Stockport, Greater Manchester SK3 0JJ2
£275K03/230.39 mi16, Lorland Road, Stockport, Greater Manchester SK3 0JJ2
£170K12/200.39 mi3, Kent Road, Stockport, Greater Manchester SK3 0JD2
£171K07/210.39 mi37, Kent Road, Stockport, Greater Manchester SK3 0JD2
£188.3K11/200.43 mi24, Brook Street, Cheadle, Greater Manchester SK8 2BX2
£252.5K04/210.43 mi50, Brook Street, Cheadle, Greater Manchester SK8 2BX2
£252K04/230.43 mi1, Brook Street, Cheadle, Greater Manchester SK8 2BX2
£188K06/210.43 mi64, St Davids Road, Cheadle, Greater Manchester SK8 2HJ2
£210K09/210.43 mi61, St Davids Road, Cheadle, Greater Manchester SK8 2HJ2
£208K02/210.49 mi46, Deane Avenue, Cheadle, Greater Manchester SK8 2DW2
£200K03/210.49 mi54, Deane Avenue, Cheadle, Greater Manchester SK8 2DW2
£230K12/220.5 mi9, Naples Road, Stockport, Greater Manchester SK3 0TN2
£132.9K01/210.53 mi3, Essex Avenue, Stockport, Greater Manchester SK3 0JA2
£175K01/210.53 mi30, Ash Street, Stockport, Greater Manchester SK3 0JR2
£203K11/210.56 mi25, York Close, Cheadle, Greater Manchester SK8 2JJ2
£167.5K05/210.56 mi17, Ash Street, Stockport, Greater Manchester SK3 0JR2
£224.7K01/210.56 mi18, Tennyson Road, Cheadle, Greater Manchester SK8 2AR2
£171K02/210.6 mi53, Myrtle Street, Stockport, Greater Manchester SK3 0JW2
£232.5K03/210.6 mi14, Cromer Road, Cheadle, Greater Manchester SK8 2AX2
£247K04/210.6 mi32, Cromer Road, Cheadle, Greater Manchester SK8 2AX2
£260.9K06/210.6 mi34, Cromer Road, Cheadle, Greater Manchester SK8 2AX2
£160K06/210.6 mi28, Cromer Road, Cheadle, Greater Manchester SK8 2AX2
£247K06/210.6 mi91, Craig Road, Stockport, Greater Manchester SK4 2BG2
£190.6K01/230.62 mi12, Abbey Road, Cheadle, Greater Manchester SK8 2JW2

Local Rents

17 rents from £800/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20012/240.04 miElm Road South, Stockport, SK3 0SR2
£95001/250.13 mi-2
£1,15012/240.23 miShaftesbury Road, Cheadle Heath, Stockport, SK3 0SH2
£85009/240.24 miGladville Drive, Cheadle2
£92508/240.25 miCarrs Road, Cheadle, Greater Manchester, SK82
£1,25008/240.27 mi-2
£1,06001/250.27 mi-2
£1,00003/250.27 mi-2
£1,00008/240.31 miTewkesbury Road, Cheadle Heath, Stockport, SK3 0SQ2
£99508/240.37 miBordon Road, Stockport, Cheshire, SK32
£1,20009/240.39 miStockport Road, Cheadle, Greater Manchester, SK82
£1,05012/240.39 miKent Road, Stockport2
£1,05012/240.39 miKent Road,SK3,Chealde Heath2
£80012/240.39 miKent Road, Stockport, Cheshire, SK32
£1,05007/240.53 mi-2
£90008/240.53 miStockport Road, SK82
£1,20008/240.6 miJackson Street, Cheadle2

Local Area Statistics

Population in SK3

27,923

Population in Stockport

181,140

Town centre distance

2.83 miles away

Nearest school

0.10 miles away

Nearest train station

1.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Price changed to £190,000

March 8, 2025

Listed for £200,000

February 12, 2025

Floor Plans

Description

  • Period Mid Terrace +
  • Two Bedrooms with Loft Room +
  • Two Spacious Reception Rooms +
  • Fitted Kitchen +
  • In need of Modernisation Throughout +
  • No Onward Vendor Chain +
  • Popular Location +
  • Hard landscaped Rear Garden +
  • Tenure - Freehold / Council Tax Band - A / EPC - D +

A well proportioned two bedroom period terrace offered for sale with no onward vendor chain. The property is located in a popular residential area close to a number of amenities including Morrisons, Edgeley Town Centre with Stockport Town Centre also within easy reach. The property is also well located for reputable primary schools and the M60 motorway network being within a short drive. The accommodation comprises of a spacious living room with feature fireplace opening through to a spacious dining room. The dining room provides ample space for a table and chairs and is a fantastic entertaining space and further benefits from an understairs storage cupboard. The kitchen is fitted with a range of base and eye level units, gas hob and electric oven and grill inset. Stairs rise to the first floor where there are two bedrooms including a large master. The second bedroom has stairs set within which lead to a spacious loft room offering further valuable additional storage space. The accommodation is served by a three piece family bathroom suite including wash basin, W.C and bath with shower over. Externally, there is a courtyard garden laid with flagstones and provides a great space for al-fresco dining! Agents Notes: Material Information Part A: Council Tax Band - A Tenure: Freehold - (Perpetual rent chagre applies) Material Information Part B: Property Type: Period Terrace Property Construction: Brick and Block with timber frame construction Number of Rooms: Please refer to Floorplan for the number Electricity Supply: Yes Water Supply: Yes Sewerage: Mains Heating: Gas Central Heating with Radiator  (Refer to EPC) Broadband: According to Think Broadband Checker -  FTTC is available dependent on provider. Mobile Signal/Coverage: Voice & Data Available dependent on Provider (Please use link below to check your preferred provider speeds) Parking: Driveway & Garage Material Information Part C: Building Safety: No known issues Restrictions: None according to the Land Registry - Please refer to the annexed Land Registry Title copy PDF Flooded: We have been advised the property has never suffered from flooding Flood Risk Rivers & Sea: No risk / Flood Risk Surface Water: Very low risk Coastal Erosion Risk: No Planning Permission: Granted for Extensions. Planning Search Accessibility / Adaptions: None Coalfield or Mining area: No Energy Rating: D Material Information: Any Information added by us has been obtained from Land Registry or Sprift, who in turn collect their information from The Land Registry and Local Government sources when relevant. We strongly advise before purchasing you check this data is correct as we cannot be held responsible for displaying the sourced information which may then turn out to be incorrect. Instances of incorrect information may be where the Land Registry has a time lag and the owner of a property has purchased the Freehold but this has not been registered yet, or where the details of the Leasehold are not obvious on the Land Registry. Human error can also account for information being incorrect and we are unable to verify if the data is correct due to how the Land Registry works. Please note, some websites might block our attempts to provide you with links to the relevant information sources, so please contact our office if you need these.
Brochures

Agent Details

Andrew J Dawson, Cheadle

0161 524 3532

Next Steps?

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