2 Bed Flat, Single Let, Stockport, SK5 6GB, £150,000

Cromwell Avenue, Reddish, Stockport, Cheshire, SK5 6GB - 2 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+4 photos

ValuationFair Value

Sold Prices£90K - £200K
Sold Prices/m²£1.6K/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£148,427

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£695 - £1,550

Rent Estimate

£815

Running Costs/mo

£652

Cashflow/mo

£163

Cashflow/yr

£1,959

ROI

5%

Gross Yield

7%

Local Sold Prices

24 sold prices from £90K to £200K, average is £131K. £1.6K/m² to £2.7K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£135K05/220 mi90, Cromwell Avenue, Denton, Stockport, Greater Manchester SK5 6GB2
£155K09/220.01 mi66, Cromwell Avenue, Denton, Stockport, Greater Manchester SK5 6GB2
£135K04/220.05 mi67, Cromwell Avenue, Denton, Stockport, Greater Manchester SK5 6GA2
£132K11/220.05 mi7, Cromwell Avenue, Denton, Stockport, Greater Manchester SK5 6GA2
£125K06/220.43 mi41, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ2
£120K11/210.44 mi33, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ2
£105K03/210.44 mi51, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ2
£148K09/220.44 mi57, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ2
£151K06/220.46 mi5, Danebank Mews, Denton, Manchester, Greater Manchester M34 2JN2
£133K12/220.48 mi1, Danebank Mews, Denton, Manchester, Greater Manchester M34 2JN2
£166K09/210.51 mi18, West Meadow, Stockport, Greater Manchester SK5 6XR2
£127K12/210.51 mi19, West Meadow, Stockport, Greater Manchester SK5 6XR2
£140K09/220.51 mi23, West Meadow, Stockport, Greater Manchester SK5 6XR2
£130K12/220.51 mi898d, Hyde Road, Manchester, Greater Manchester M18 7LL2
£110K03/210.51 mi920a, Hyde Road, Manchester, Greater Manchester M18 7LL2
£123K07/220.51 mi896, Hyde Road, Manchester, Greater Manchester M18 7LL2
£120K10/220.51 mi892c, Hyde Road, Manchester, Greater Manchester M18 7LL2
£115K12/210.51 mi898a, Hyde Road, Manchester, Greater Manchester M18 7LL2
£148.5K06/230.57 miFlat 25, Sunningdale Court, Kensington Grove, Denton, Manchester, Greater Manchester M34 3GW2
£90K01/210.81 mi60a, Gorton Road, Stockport, Greater Manchester SK5 6AH2
£133K07/230.87 mi137, Rawsthorne Avenue, Manchester, Greater Manchester M18 7GA2
£102K10/210.87 mi79, Rawsthorne Avenue, Manchester, Greater Manchester M18 7GA2
£108.5K01/210.93 miFlat 112, Victoria Mill, Houldsworth Street, Reddish, Stockport, Greater Manchester SK5 6AX2
£200K01/230.93 miFlat 172, Victoria Mill, Houldsworth Street, Reddish, Stockport, Greater Manchester SK5 6AX2

Local Rents

49 rents from £695/mo to £1.6K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£99508/240 miCromwell Avenue, North Reddish2
£1,05009/240.05 miCromwell Avenue, Stockport, SK52
£1,00009/240.06 miCromwell Avenue, Sandringham Gardens, Denton, Stockport, SK52
£1,00003/250.06 mi-2
£1,05009/240.09 mi-2
£90008/240.19 mi-2
£1,10012/240.19 mi-2
£1,10008/240.21 mi-2
£1,00008/240.22 miOswald Street, Stockport, Cheshire, SK52
£99509/240.23 miBoscombe Street, Reddish, Stockport, SK52
£95008/240.24 mi-2
£75009/240.24 mi-2
£97508/240.25 miWindmill Lane, Reddish, Stockport, SK52
£90009/240.28 miGorton Road, Stockport, SK52
£69511/230.32 mi-2
£95008/240.34 miFurnival Street, Stockport, Cheshire, SK52
£1,20012/240.34 miHillview Road, Dane Bank 2
£1,09502/250.35 mi-2
£1,05011/240.35 mi-2
£1,10009/240.35 miLindfield Road, Reddish, Stockport, SK52
£92508/240.36 mi-2
£92508/240.36 mi-2
£95003/250.37 mi-2
£95008/240.37 miBelfield Road, Stockport, Cheshire, SK52
£97504/250.39 mi-2
£89510/240.39 mi-2
£1,20008/240.4 mi-2
£78012/230.43 mi-2
£97504/250.45 mi-2
£90005/240.46 miCranbrook Road, Manchester, M182
£97512/230.46 mi-2
£99508/240.47 mi-2
£99509/240.47 mi-2
£99509/240.47 mi-2
£99509/240.47 mi-2
£99509/240.47 mi-2
£85009/240.49 miSandbach Road, Reddish, Stockport, Cheshire, SK52
£95005/240.5 miMayfield Grove, Manchester, Greater Manchester, M182
£1,05008/240.5 mi-2
£1,05003/250.5 mi-2
£1,00004/250.51 mi-2
£85008/240.51 mi-2
£95011/230.51 mi-2
£85012/240.52 mi-2
£1,55012/240.52 mi-2
£1,55012/240.52 mi-2
£1,50005/240.52 miHyde Road, Manchester, M182
£1,00008/240.52 miCarna Road, Reddish2
£1,40012/240.53 mi-2

Local Area Statistics

Population in SK5

29,538

Population in Stockport

181,140

Town centre distance

4.29 miles away

Nearest school

0.10 miles away

Nearest train station

0.23 miles away

 

 

Rental growth (12m)

+28%

Sales demand

Seller's market

Capital growth (5yrs)

+48%

Property History

Listed for £150,000

February 18, 2025

Floor Plans

Description

  • First-floor flat +
  • Open-plan design +
  • Two cosy bedrooms +
  • Two well-fitted bathrooms +
  • Well-equipped kitchen +
  • Stylish reception room +
  • Impressive EPC rating 'B' +
  • Private parking space +
  • Excellent transport links +
  • Nearby schools and amenities +

Welcome to this charming, immaculate, and enticing flat that's just waiting for someone to call it home! It's currently up for sale, and it's got your name written all over it.

This stunning property is situated on the first floor, and it's unique open-plan design is sure to steal your heart. It's the perfect blend of modern living and comfort, with two cosy bedrooms and two well-fitted bathrooms. You'll find the perfect spot to unwind after a long day.

Cook up a storm in the well-equipped kitchen, and entertain your guests in the stylish reception room. The open-planned living space creates a warm and inviting atmosphere, perfect for hosting dinner parties or simply enjoying a quiet night in.

The flat boasts an impressive EPC rating of 'B', meaning it's highly energy efficient, and the council tax band is 'A' - a perfect match for those looking for an affordable yet desirable home.

One of the standout features of this property is its private parking space..

Location is everything, and this property shines in that aspect too. It's ideally situated with excellent public transport links, nearby schools, and local amenities, making everyday life just that bit easier.

This extraordinary flat is more than just a property; it's a lifestyle. It's a place where you can create memories, feel at home, and enjoy the best life has to offer. Don't miss out on this golden opportunity!

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

RED250063/2

Agent Details

Reeds Rains, Reddish

0161 524 5299

Next Steps?

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