4 Bed Terraced House, Refurb/BRRR, Stockport, SK5 6HZ, £185,000

Churchill Crescent, Reddish, Stockport, SK5 6HZ - 6 views - 2 months ago

Sold STC
Auction
Refurb/BRRR
~129 m²
+10 photos

ValuationUndervalued

Sold Prices£80K - £683K
Sold Prices/m²£1.3K/m² - £5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.4K/m²

Value Estimate

£190,550
BMV3%

 

 

End Value (After Refurb)

£316,288

Uplift in Value

+71%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Refurb Costs

£54,655

Bridging Loan Interest

£4,856

Total Cash In

£114,261

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£316,288

Agent Fees (1%)

£3,163

Bridging Loan

£138,750

Bridging Loan Interest

£4,856

Flip Profit

£60,114

Local Sold Prices

49 sold prices from £80K to £683K, average is £312K. £1.3K/m² to £5K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£365K02/230.19 mi45, Wharfedale Road, Stockport, Greater Manchester SK5 6HE4
£270K12/200.24 mi63, Longford Road West, Stockport, Greater Manchester SK5 6EU4
£295K03/210.31 mi2, Penrith Avenue, Stockport, Greater Manchester SK5 6ES4
£325K05/210.33 mi12, Ainsdale Grove, Stockport, Greater Manchester SK5 6UF4
£160K02/210.33 mi233, Gorton Road, Stockport, Greater Manchester SK5 6LQ4
£350K08/210.35 mi5, Tytherington Drive, Manchester, Greater Manchester M19 3TD4
£222.5K04/210.42 mi1, Bradfield Close, Stockport, Greater Manchester SK5 6XP4
£245K04/230.43 mi317, Gorton Road, Stockport, Greater Manchester SK5 6LN4
£341K10/200.5 mi36, Barlow Fold Road, Stockport, Greater Manchester SK5 6TY4
£162K05/210.51 mi1, Norman Grove, Stockport, Greater Manchester SK5 7AW4
£320K09/210.52 mi27, Windmill Lane, Stockport, Greater Manchester SK5 6SW4
£450K08/220.52 mi26, Rothay Drive, Stockport, Greater Manchester SK5 6TQ4
£315K12/220.53 mi28, Tarvin Avenue, Stockport, Greater Manchester SK4 5LG4
£351.5K03/210.55 mi14, Ashbrook Farm Close, Stockport, Greater Manchester SK5 6RP4
£240K02/210.56 mi14, Newport Avenue, Stockport, Greater Manchester SK5 7BG4
£375K01/210.6 mi19, Felltop Drive, Reddish, Stockport, Greater Manchester SK5 6YS4
£369K03/210.61 mi16, Sorrel Bank, Stockport, Greater Manchester SK5 6YR4
£80K07/230.61 mi85, Rawsthorne Avenue, Manchester, Greater Manchester M18 7GA4
£290K05/210.62 mi39, Windmill Lane, Stockport, Greater Manchester SK5 6SU4
£300K07/210.62 mi1, Reddish Vale Road, Stockport, Greater Manchester SK5 7EU4
£300K01/230.62 mi53, Windmill Lane, Stockport, Greater Manchester SK5 6SU4
£282K04/210.63 mi10, Matlock Road, Stockport, Greater Manchester SK5 6SR4
£252.5K05/210.63 mi56, Matlock Road, Stockport, Greater Manchester SK5 6SR4
£235K08/210.67 mi66, Reddish Vale Road, Stockport, Greater Manchester SK5 7HB4
£253.8K12/200.67 mi1, Hassop Road, Stockport, Greater Manchester SK5 6ST4
£227.5K10/200.68 mi217, Barlow Road, Levenshulme, Manchester, Greater Manchester M19 3HD4
£385K05/220.69 mi16, Hollow Vale Drive, Stockport, Greater Manchester SK5 6YH4
£188K04/210.72 mi44, Broom Avenue, Manchester, Greater Manchester M19 2UD4
£335K02/210.74 mi199, Broadstone Road, Stockport, Greater Manchester SK4 5HP4
£440K03/210.74 mi211, Broadstone Road, Stockport, Greater Manchester SK4 5HP4
£312K06/210.77 mi3, New Lawns, Stockport, Greater Manchester SK5 6YN4
£270K09/210.78 mi4, Red Rose Crescent, Manchester, Greater Manchester M19 2WT4
£325K02/210.79 mi63, Briarfield Road, Stockport, Greater Manchester SK4 5HZ4
£250K01/210.8 mi73, Cromwell Avenue, Denton, Manchester, Greater Manchester SK5 6GA4
£475K02/230.8 mi16, Bowness Avenue, Stockport, Greater Manchester SK4 5JA4
£683K09/220.84 mi44, Roxton Road, Stockport, Greater Manchester SK4 5AY4
£375K08/210.85 mi202, Broadstone Road, Stockport, Greater Manchester SK4 5HW4
£385K11/210.85 mi188, Broadstone Road, Stockport, Greater Manchester SK4 5HW4
£284K06/210.85 mi66, Anson Road, Denton, Manchester, Greater Manchester M34 2HQ4
£400K07/230.85 mi41, Cringle Road, Manchester, Greater Manchester M19 2RP4
£400K05/230.85 mi29, Cringle Road, Manchester, Greater Manchester M19 2RP4
£297.5K09/210.88 mi40, Dane Road, Denton, Manchester, Greater Manchester M34 2HU4
£482.5K03/230.93 mi37, Langdale Road, Stockport, Greater Manchester SK4 5AP4
£415K09/210.93 mi48, Langdale Road, Stockport, Greater Manchester SK4 5AR4
£248K06/210.96 mi15, Rostron Street, Manchester, Greater Manchester M19 3QF4
£420K04/210.99 mi7, Norfolk Avenue, Stockport, Greater Manchester SK4 5AG4
£172K12/200.99 mi1, Reddish Lane, Manchester, Greater Manchester M18 7JH4
£144K12/201 mi24, Albert Avenue, Manchester, Greater Manchester M18 7JX4
£395K03/231 mi12, Eastholme Drive, Manchester, Greater Manchester M19 2QU4

Local Rents

50 rents from £900/mo to £1.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,50008/240.07 mi-3
£1,20011/240.13 mi-3
£1,40012/240.13 mi-3
£1,25008/240.19 mi-3
£90009/240.2 miIlkley Crescent, Stockport, Greater Manchester, SK53
£1,60010/240.26 mi-3
£1,45008/240.26 miElisabeth Gardens, SK53
£1,50009/240.26 miElisabeth Gardens, SK53
£1,65003/250.28 mi-3
£95008/240.31 mi-3
£1,30008/240.34 miBalfour Grove, Stockport, Greater Manchester, SK53
£1,10008/240.35 mi-3
£1,45010/240.36 mi-4
£1,60002/250.39 mi-3
£1,20011/230.39 mi-3
£1,20008/240.39 mi-3
£1,15009/240.4 miLuton Road, Reddish, Stockport, SK53
£1,20011/230.4 mi-3
£95012/230.4 mi-3
£1,10009/240.42 miBradfield Close, North Reddish, SK53
£1,20009/240.42 miBradfield Close, North Reddish, SK53
£1,45008/240.42 miVictoria Mill, Houldsworth Street, Reddish, Greater Manchester, SK53
£1,45009/240.42 miVictoria Mill, Houldsworth Street, Reddish, Greater Manchester, SK53
£1,10009/240.43 miMelanie Drive, Stockport3
£1,05008/240.43 miCriterion Street, Stockport, Greater Manchester, SK53
£1,19502/250.44 mi-3
£1,20008/240.47 miOlwen Crescent, Reddish, Stockport, SK53
£1,25009/240.5 miHolcombe Walk, Stockport, SK43
£1,20009/240.5 miSomers Road, Stockport, Cheshire, SK53
£1,20005/240.51 miNutmeg Drive, Gorton, Manchester, M183
£1,40005/240.51 miPeter Moss Way, Manchester, M193
£1,45003/250.52 mi-3
£1,20009/240.52 miHurst Street, Reddish, Stockport, SK53
£1,50012/240.52 mi-3
£1,60003/250.52 mi-3
£1,39901/250.53 mi-3
£1,35005/240.53 miShillingford Road, Manchester, Greater Manchester, M183
£1,35008/240.53 miCravenwood Road, Reddish, Stockport, Greater Manchester, SK53
£1,05008/240.55 mi-3
£97509/240.55 miWestminster Avenue, Stockport3
£1,60005/240.57 miShillingford Road, Manchester, M183
£1,70005/240.57 mi-3
£1,65012/240.57 mi-3
£1,35012/240.57 mi-3
£1,64510/240.57 mi-3
£1,27503/250.58 mi-3
£1,30003/250.58 mi-3
£1,10008/240.59 miSomers Road, Stockport3
£1,89912/240.59 mi-4
£1,39512/240.6 mi-3

Local Area Statistics

Population in SK5

29,538

Population in Stockport

181,140

Town centre distance

3.96 miles away

Nearest school

0.30 miles away

Nearest train station

0.57 miles away

 

 

Rental growth (12m)

+28%

Sales demand

Seller's market

Capital growth (5yrs)

+48%

Property History

Listed for £185,000

February 13, 2025

Floor Plans

Description

  • Being Sold via Modern Method of Auction +
  • Four Bedrooms +
  • Large Rear Garden +
  • Two Reception Rooms +
  • Driveway Parking +

A spacious four bedroom property being sold via the modern method of auction, on Churchill Crescent in Reddish.

The property is in need of refurbishment and modernisation throughout, however offers excellent scope for investors or someone looking to put their own stamp on a property.

Comprising of; entrance hallway, spacious lounge to the rear with patio doors out to the rear garden, additional reception room/lounge to the front, and a seperate kitchen.
Upstairs there are four good size bedrooms (three of which double), and a four piece bathroom suite with shower over bath.

Externally, the property has driveway parking to the front and a large rear garden with paved and lawned area.

EPC Rating - D.
--------------------------------------------------
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The successful buyer only will pay £349.00 including VAT for this pack which you must view before bidding. There is no cost involved just to view the pack.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Agent Details

Julian Wadden, Stockport

0161 524 7110

Next Steps?

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

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