2 Bed Terraced House, Refurb/BRRR, Stockport, SK3 9HG, £115,000

65 BOWDON STREET, EDGELEY, STOCKPORT, SK3 9HG - 7 views - 2 months ago

Sold STC

Leasehold

Auction

Refurb/BRRR

ROI: 8%

~68 m²

+3 photos

ValuationUndervalued

Sold Prices	£130K - £245K
Sold Prices/m²	£1.5K/m² - £3.5K/m²

Square Metres	~68.11 m²
Price/m²	£1.7K/m²
Value Estimate	£118,450£118,450
BMV	3%

End Value (After Refurb)	£161,545£161,545
Uplift in Value	+40%+40%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£28,750£28,750
Stamp Duty & Legal Fees	£4,650£4,650
Refurb Costs	£28,709£28,709
Bridging Loan Interest	£3,019£3,019
Total Cash In	£66,878£66,878

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£161,545£161,545
Mortgage (After Refinance)	£121,159£121,159
Mortgage LTV	75%75%
Cash Released	£34,909£34,909
Cash Left In	£31,969£31,969
Equity	£40,386£40,386
Rent Range	£900 - £2,699£900 - £2,699
Rent Estimate	£1,200
Running Costs/mo	£765£765
Cashflow/mo	£435£435
Cashflow/yr	£5,222£5,222
ROI	8%8%
Gross Yield	13%13%

Local Sold Prices

53 sold prices from £130K to £245K, average is £182.5K. £1.5K/m² to £3.5K/m², average is £2.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£176.5K	01/21	0 mi	67, Bowdon Street, Stockport, Greater Manchester SK3 9HG	£1,858	95	2	Terraced House
£176K	10/21	0.03 mi	2a, Derby Street, Stockport, Greater Manchester SK3 9HF	£2,444	72	2	Terraced House
£130K	07/21	0.05 mi	12, Derby Street, Stockport, Greater Manchester SK3 9HF	£2,021	64	2	Terraced House
£145K	02/21	0.06 mi	33, Stopford Street, Stockport, Greater Manchester SK3 9HE	£2,101	69	2	Terraced House
£182.5K	09/23	0.06 mi	15, Derby Street, Stockport, Greater Manchester SK3 9HF	-	-	2	Terraced House
£182.5K	09/23	0.06 mi	15, Derby Street, Stockport, Greater Manchester SK3 9HF	-	-	2	Terraced House
£192K	03/21	0.07 mi	16, Chatham Street, Stockport, Greater Manchester SK3 9ED	£3,491	55	2	Terraced House
£192K	04/23	0.09 mi	2, Aberdeen Crescent, Stockport, Greater Manchester SK3 9EJ	-	-	2	Semi-Detached House
£220K	09/23	0.09 mi	22, Aberdeen Crescent, Stockport, Greater Manchester SK3 9EJ	£2,821	78	2	Terraced House
£220K	09/23	0.09 mi	22, Aberdeen Crescent, Stockport, Greater Manchester SK3 9EJ	£2,821	78	2	Terraced House
£175K	12/21	0.1 mi	4, Pitt Street, Stockport, Greater Manchester SK3 9EH	£2,869	61	2	Terraced House
£177K	05/23	0.1 mi	12, Pitt Street, Stockport, Greater Manchester SK3 9EH	-	-	2	Terraced House
£160K	01/21	0.1 mi	75, York Street, Stockport, Greater Manchester SK3 9EQ	£1,684	95	2	Terraced House
£195.5K	11/20	0.12 mi	1, Fox Street, Stockport, Greater Manchester SK3 9EL	£2,197	89	2	Terraced House
£201K	07/21	0.15 mi	30, Aberdeen Crescent, Stockport, Greater Manchester SK3 9EP	£2,585	78	2	Terraced House
£183K	05/21	0.15 mi	23, Gradwell Street, Stockport, Greater Manchester SK3 0DL	£2,389	77	2	Terraced House
£165K	10/20	0.18 mi	7, Atherton Street, Stockport, Greater Manchester SK3 9JN	£2,292	72	2	Terraced House
£150K	03/21	0.18 mi	16, Arnold Street, Stockport, Greater Manchester SK3 9BN	£2,239	67	2	Semi-Detached House
£195K	12/22	0.21 mi	26, Mahood Street, Stockport, Greater Manchester SK3 9BP	£3,482	56	2	Terraced House
£245K	04/23	0.21 mi	123, Chatham Street, Stockport, Greater Manchester SK3 9JT	£3,311	74	2	Terraced House
£189.9K	12/20	0.21 mi	13, Hartley Street, Stockport, Greater Manchester SK3 9JW	£2,413	79	2	Terraced House
£186K	03/23	0.22 mi	132, Old Chapel Street, Stockport, Greater Manchester SK3 9JL	-	-	2	Terraced House
£166.5K	04/23	0.22 mi	167, Old Chapel Street, Stockport, Greater Manchester SK3 9JL	-	-	2	Terraced House
£137.5K	11/20	0.23 mi	11, Torkington Street, Stockport, Greater Manchester SK3 9JS	£1,910	72	2	Terraced House
£156.5K	11/20	0.23 mi	52, Torkington Street, Stockport, Greater Manchester SK3 9JS	£2,370	66	2	Terraced House
£242.5K	01/23	0.23 mi	20, Torkington Street, Stockport, Greater Manchester SK3 9JS	£3,191	76	2	Terraced House
£130K	01/21	0.23 mi	8, Herbert Street, Stockport, Greater Manchester SK3 9BU	£1,461	89	2	Terraced House
£135K	03/21	0.23 mi	17, Herbert Street, Stockport, Greater Manchester SK3 9BU	£2,186	62	2	Terraced House
£140K	04/21	0.23 mi	2, Herbert Street, Stockport, Greater Manchester SK3 9BU	-	-	2	Terraced House
£148K	09/21	0.23 mi	19, Herbert Street, Stockport, Greater Manchester SK3 9BU	-	-	2	Terraced House
£193.3K	11/21	0.23 mi	2, Earl Street, Stockport, Greater Manchester SK3 9JZ	£2,685	72	2	Terraced House
£150K	02/21	0.24 mi	6, Greenhill Street, Stockport, Greater Manchester SK3 9JP	£2,027	74	2	Terraced House
£167K	05/21	0.25 mi	161, Chatham Street, Stockport, Greater Manchester SK3 9JU	£2,391	70	2	Terraced House
£167K	06/21	0.25 mi	159, Chatham Street, Stockport, Greater Manchester SK3 9JU	£2,546	66	2	Terraced House
£139K	02/21	0.25 mi	38, Thomson Street, Stockport, Greater Manchester SK3 9DR	£2,206	63	2	Terraced House
£180K	11/21	0.25 mi	32, Thomson Street, Stockport, Greater Manchester SK3 9DR	-	-	2	Terraced House
£145K	11/20	0.26 mi	5, Jennings Street, Stockport, Greater Manchester SK3 9BX	£2,589	56	2	Terraced House
£196.5K	02/21	0.26 mi	6, Jennings Street, Stockport, Greater Manchester SK3 9BX	£2,655	74	2	Terraced House
£215K	01/21	0.26 mi	5, Hardcastle Road, Stockport, Greater Manchester SK3 9BY	£2,839	76	2	Terraced House
£201.3K	03/21	0.26 mi	31, Hardcastle Road, Stockport, Greater Manchester SK3 9BY	£2,294	88	2	Terraced House
£215K	05/21	0.26 mi	37, Hardcastle Road, Stockport, Greater Manchester SK3 9BY	£2,590	83	2	Semi-Detached House
£185K	07/21	0.26 mi	39, Hardcastle Road, Stockport, Greater Manchester SK3 9BY	£2,372	78	2	Terraced House
£230.8K	08/21	0.26 mi	13, Hardcastle Road, Stockport, Greater Manchester SK3 9BY	£2,308	100	2	Terraced House
£212.5K	12/22	0.26 mi	8, Yule Street, Stockport, Greater Manchester SK3 9LB	£2,657	80	2	Terraced House
£193K	04/23	0.26 mi	12, Dale Street, Stockport, Greater Manchester SK3 9QA	£2,466	78	2	Terraced House
£217.5K	03/23	0.27 mi	20, Yule Street, Stockport, Greater Manchester SK3 9LB	£2,719	80	2	Terraced House
£152K	05/21	0.28 mi	21, Yule Street, Stockport, Greater Manchester SK3 9LB	£2,235	68	2	Terraced House
£180K	05/23	0.28 mi	62, Yule Street, Stockport, Greater Manchester SK3 9LB	-	-	2	Terraced House
£205K	08/23	0.28 mi	60, Yule Street, Stockport, Greater Manchester SK3 9LB	£3,203	64	2	Terraced House
£205K	08/23	0.28 mi	60, Yule Street, Stockport, Greater Manchester SK3 9LB	£3,203	64	2	Terraced House
£163K	01/21	0.29 mi	49, Carmichael Street, Stockport, Greater Manchester SK3 9JR	£1,567	104	2	Terraced House
£175K	06/23	0.29 mi	52, Carmichael Street, Edgeley, Stockport, Greater Manchester SK3 9JR	-	-	2	Terraced House
£183.2K	07/23	0.29 mi	41, Carmichael Street, Edgeley, Stockport, Greater Manchester SK3 9JR	£1,869	98	2	Terraced House

Local Rents

50 rents from £900/mo to £2.7K/mo, average is £998/mo.

Rent	Date	Distance	Address	Beds	Type
£975	08/24	0.09 mi	-	2	Terraced House
£1,140	01/25	0.1 mi	-	2	Terraced House
£995	08/24	0.1 mi	Old Chapel Street, Stockport, Cheshire, SK3	2	Terraced House
£1,075	03/25	0.12 mi	-	2	Flat
£1,020	08/24	0.12 mi	-	2	Flat
£995	11/24	0.12 mi	-	2	Flat
£1,150	12/24	0.13 mi	Harper Street, Stockport, Greater Manchester, SK3	2	Terraced House
£1,100	12/24	0.13 mi	Harper Street, Stockport, Cheshire, SK3	2	Terraced House
£995	12/24	0.13 mi	-	2	Terraced House
£950	08/24	0.14 mi	Castle street, Edgeley SK3	2	Flat
£1,000	12/24	0.14 mi	Castle street Edgeley, SK3	2	Flat
£1,000	12/24	0.14 mi	-	2	Terraced House
£900	08/24	0.14 mi	-	2	House
£995	08/24	0.16 mi	Mercian Way, Stockport, Cheshire, SK3	2	Terraced House
£1,050	08/24	0.17 mi	-	2	Terraced House
£1,150	11/24	0.18 mi	-	2	Terraced House
£950	12/24	0.19 mi	-	2	Terraced House
£1,000	01/25	0.2 mi	-	2	Terraced House
£1,000	01/25	0.2 mi	-	2	Terraced House
£1,300	12/24	0.2 mi	Hartley Street, Edgeley, Stockport, Greater Manchester, SK3	2	Terraced House
£925	03/25	0.21 mi	-	2	Terraced House
£1,150	08/24	0.21 mi	-	2	Terraced House
£975	12/24	0.22 mi	-	2	Terraced House
£925	08/24	0.23 mi	Torkington Street,Edgeley SK3	2	Terraced House
£1,050	12/24	0.23 mi	Chatham Street, Edgeley, Stockport, SK3	2	Terraced House
£975	02/25	0.24 mi	-	2	Terraced House
£1,200	03/25	0.24 mi	-	2	Terraced House
£1,200	08/24	0.25 mi	-	2	Terraced House
£900	08/24	0.26 mi	Torkington Street, Edgeley, Stockport, SK3	2	Terraced House
£995	11/23	0.26 mi	Thomson Street, Edgeley, Stockport, SK3	2	Terraced House
£975	08/24	0.26 mi	Jennings Street, Edgeley	2	Terraced House
£995	01/25	0.3 mi	-	2	Terraced House
£900	12/24	0.3 mi	-	2	Flat
£1,100	12/24	0.31 mi	Farr Street, Stockport, SK3	2	Terraced House
£975	11/24	0.31 mi	-	2	Terraced House
£975	12/24	0.32 mi	-	2	Terraced House
£1,050	12/24	0.32 mi	-	2	Terraced House
£1,100	12/24	0.32 mi	-	2	Terraced House
£1,200	12/24	0.32 mi	-	2	Terraced House
£950	12/24	0.33 mi	Adelaide Road, Edgeley, Stockport	2	Terraced House
£1,000	12/24	0.33 mi	Florist Street, Stockport	2	House
£995	08/24	0.33 mi	Freemantle Street, Edgeley, Stockport, SK3	2	Terraced House
£995	08/24	0.33 mi	Freemantle Street, Edgeley , Stockport	2	Flat
£995	08/24	0.34 mi	Chelmsford Road, Edgeley, Stockport	2	Flat
£950	10/24	0.34 mi	-	2	Flat
£2,699	02/25	0.34 mi	-	2	Flat
£1,100	12/24	0.35 mi	-	2	Terraced House
£1,000	08/24	0.37 mi	Ladysmith Street, Stockport	2	Flat
£1,200	12/24	0.37 mi	Eldon Road, Stockport	2	Terraced House
£950	08/24	0.39 mi	Wellington Road South SK1	2	Flat

Local Area Statistics

Population in SK3	27,92327,923
Population in Stockport	181,140181,140
Town centre distance	1.86 miles away1.86 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.21 miles away0.21 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+17%+17%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+49%+49%

Property History

Listed for £115,000

February 17, 2025

Floor Plans

Description

TO BE SOLD BY ONLINE AUCTION +
TWO BEDROOMS +
EXCELLENT INVESTEMENT POTENTIAL +
RENOVATION PROJECT +
GREAT LOCATION +

TO BE SOLD BY ONLINE AUCTION ON 5TH MARCH 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS 65 BOWDON STREET, EDGELEY, STOCKPORT, SK3 9HG This two-bedroom terraced property offers a fantastic investment opportunity, with great potential to add value through modernisation. The property comprises a hallway, two spacious reception rooms, a kitchen, two generously sized double bedrooms, and a bathroom. The property also benefits from a cellar and a large rear garden. Through renovation, this property could be transformed into a desirable home or rental, making it an excellent project for investors or those looking to add value. VIRTUAL VIEWING AVAILABLE Here are some similar properties which have sold close by: 75, Bowdon Street, Stockport, SK3 9HG Sold - 16/11/2024 £210,000 0.00 mi 1a, Stopford Street, Stockport, SK3 9HE Sold - 25/10/2024 £205,500 0.04 mi 67, Bowdon Street, Stockport, SK3 9HG Sold - 14/01/2021 £176,500 0.00 mi - Value 5 years ago Similar property rental values in the area are in the region of £1050-£1200 per month EPC on order. Sold as seen. Located in the Edgeley area, this property is just a 15-minute walk from Stockport town centre, offering a range of shops, restaurants, and essential amenities. Excellent transport links include Stockport train station with direct routes to Manchester, local bus services, and easy access to the M60 motorway. Enquire today.