2 Bed Terraced House, Cash/Bridging Only, Stalybridge, SK15 2NN, £175,000

Groby Street, Stalybridge, SK15 2NN - 4 views - 2 months ago

Sold STC
Cash
ROI: 2%
~68 m²
+3 photos

ValuationOvervalued

Sold Prices£108K - £210K
Sold Prices/m²£1.2K/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£134,799

 

 

End Value (After Refurb)

£166,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,450

Refurb Costs

£28,709

Bridging Loan Interest

£4,594

Total Cash In

£85,253

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£166,750

Mortgage (After Refinance)

£125,063

Mortgage LTV

75%

Cash Left In

£85,253

Equity

£41,688

Rent Range

£695 - £1,200

Rent Estimate

£880

Running Costs/mo

£717

Cashflow/mo

£163

Cashflow/yr

£1,955

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £108K to £210K, average is £140K. £1.2K/m² to £2.7K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£148K07/230.01 mi34, Groby Street, Stalybridge, Greater Manchester SK15 2NN2
£117.5K02/210.02 mi121, Lindsay Street, Stalybridge, Greater Manchester SK15 2NS2
£135K09/210.02 mi14, French Street, Stalybridge, Greater Manchester SK15 2NT2
£139.5K02/210.02 mi1, French Street, Stalybridge, Greater Manchester SK15 2NT2
£123.4K05/210.02 mi10, French Street, Stalybridge, Greater Manchester SK15 2NT2
£147K03/230.02 mi18, French Street, Stalybridge, Greater Manchester SK15 2NT2
£156.5K07/230.02 mi115, Lindsay Street, Stalybridge, Greater Manchester SK15 2NS2
£138K07/230.06 mi44, Grey Street, Stalybridge, Greater Manchester SK15 2NR2
£187.5K12/210.07 mi56, Stocks Lane, Stalybridge, Greater Manchester SK15 2NU2
£155K06/210.07 mi82, Stocks Lane, Stalybridge, Greater Manchester SK15 2NU2
£176K05/230.07 mi103, Stocks Lane, Stalybridge, Greater Manchester SK15 2NU2
£140K02/230.08 mi74, Lindsay Street, Stalybridge, Greater Manchester SK15 2NL2
£165K11/210.08 mi80, Lindsay Street, Stalybridge, Greater Manchester SK15 2NL2
£135K07/230.08 mi6, Elgin Street, Stalybridge, Greater Manchester SK15 2NH2
£155K05/230.09 mi23, Oxford Street, Stalybridge, Greater Manchester SK15 2NX2
£175K03/230.09 mi23, Hawke Street, Stalybridge, Greater Manchester SK15 2PQ2
£108K05/210.09 mi36, Stocks Lane, Stalybridge, Greater Manchester SK15 2LW2
£150K02/230.09 mi47, Stocks Lane, Stalybridge, Greater Manchester SK15 2LN2
£154K11/200.13 mi119, Mottram Road, Stalybridge, Greater Manchester SK15 2QS2
£172K11/210.14 mi43, Albion Gardens, Stalybridge, Greater Manchester SK15 2LR2
£162.6K07/230.15 mi19, Lindsay Street, Stalybridge, Greater Manchester SK15 2LU2
£130K06/230.15 mi35, Lindsay Street, Stalybridge, Greater Manchester SK15 2LU2
£140K02/210.16 mi34, Lindsay Street, Stalybridge, Greater Manchester SK15 2LT2
£148K07/230.19 mi6, Croft Street, Stalybridge, Greater Manchester SK15 2LX2
£140K09/210.19 mi2, Croft Street, Stalybridge, Greater Manchester SK15 2LX2
£128K07/230.19 mi6, Tatton Street, Stalybridge, Greater Manchester SK15 2LL2
£122.5K03/230.2 mi38, Cecil Street, Stalybridge, Greater Manchester SK15 2LD2
£135K05/230.2 mi49, Cecil Street, Stalybridge, Greater Manchester SK15 2LD2
£150K08/210.21 mi34, St Pauls Street, Stalybridge, Greater Manchester SK15 2NZ2
£115K03/210.21 mi9, St Pauls Street, Stalybridge, Greater Manchester SK15 2NZ2
£150K07/210.21 mi10, St Pauls Street, Stalybridge, Greater Manchester SK15 2NZ2
£135K12/200.21 mi27, Bower Grove, Stalybridge, Greater Manchester SK15 2PA2
£112K03/210.21 mi17, Bower Grove, Stalybridge, Greater Manchester SK15 2PA2
£123K06/210.25 mi12, Huddersfield Road, Stalybridge, Greater Manchester SK15 2QA2
£110K11/220.26 mi13, Huddersfield Road, Stalybridge, Greater Manchester SK15 2QA2
£145K03/210.27 mi5, Bradley Fold, Stalybridge, Greater Manchester SK15 2QE2
£160K06/210.28 mi3, Richmond Street, Stalybridge, Greater Manchester SK15 2PZ2
£115K02/210.31 mi58, Knowl Street, Stalybridge, Greater Manchester SK15 3AJ2
£118.5K02/210.34 mi5, Higher Tame Street, Stalybridge, Greater Manchester SK15 3AS2
£210K11/220.34 mi104, Forester Drive, Stalybridge, Greater Manchester SK15 2EN2
£125K06/210.38 mi71, Spring Bank, Stalybridge, Greater Manchester SK15 2EQ2
£170K07/210.39 mi86, Forrester Drive, Stalybridge, Greater Manchester SK15 2EN2
£185K05/210.4 mi72, Spring Bank, Stalybridge, Greater Manchester SK15 2HL2
£130K04/210.42 mi35, Cocker Hill, Stalybridge, Greater Manchester SK15 1AA2
£165K06/210.42 mi2a, Hough Hill Road, Stalybridge, Greater Manchester SK15 2HB2
£152.5K02/230.43 mi101, Wakefield Road, Stalybridge, Greater Manchester SK15 1AB2
£130K01/230.43 mi83, Wakefield Road, Stalybridge, Greater Manchester SK15 1AB2
£119K12/200.43 mi34, Astley Street, Stalybridge, Greater Manchester SK15 2EX2
£130K12/200.46 mi9, New Street, Stalybridge, Greater Manchester SK15 2EZ2
£130K12/200.47 mi66, Kay Street, Stalybridge, Greater Manchester SK15 2EH2

Local Rents

27 rents from £695/mo to £1.2K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£93504/250.04 mi-2
£95004/250.04 mi-2
£85008/240.07 miOxford Street, Stalybridge2
£1,00011/240.08 mi-2
£87503/250.12 mi-2
£80008/240.17 miCroft Street, Stalybridge2
£92503/250.17 mi-2
£89508/240.2 miCecil Street, Stalybridge, Greater Manchester, SK152
£85004/250.23 mi-2
£80008/240.25 miHuddersfield Road, Stalybridge2
£87508/240.28 miGladstone Mill, Stalybridge2
£83508/240.31 miKnowl Street, Stalybridge2
£80008/240.34 miPortland Place Mottram Road, Stalybridge, Cheshire, SK152
£69508/240.42 mi-2
£75002/250.42 mi-2
£75004/250.42 mi-2
£1,20012/240.44 mi-2
£87510/240.47 mi-2
£79508/240.49 mi-2
£99508/240.53 mi-2
£69511/230.53 miRegency Court, Waterloo Road, Stalybridge, SK152
£99503/250.53 mi-2
£95010/240.55 mi-2
£1,10010/240.55 mi-2
£70001/250.57 mi-2
£1,10008/240.58 miCastle Street, Stalybridge, Greater Manchester, SK152
£90008/240.61 mi-2

Local Area Statistics

Population in SK15

27,625

Town centre distance

0.37 miles away

Nearest school

0.30 miles away

Nearest train station

0.81 miles away

 

 

Rental growth (12m)

+27%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Listed for £175,000

February 18, 2025

Floor Plans

Description

  • Two Double Bedrooms +
  • Conveniently Located +
  • Cellar +
  • Four Piece Bathroom +
  • Garden To Rear +
  • Viewing Essential +

Situated in a highly desirable location, this well-presented two-bedroom mid-terrace home offers a perfect blend of comfort and convenience. Just a short walk from Stalybridge town centre, the property benefits from excellent local amenities, including shops, cafés, schools, and superb transport links, with the nearby train station providing easy access to Manchester and beyond. For those who enjoy outdoor spaces, the beautiful Cheetham Park is within easy reach, ideal for leisurely walks and recreation.

Stepping inside, the property welcomes you with an entrance vestibule leading into a spacious and inviting lounge, perfect for relaxing or entertaining. The well-proportioned kitchen/diner to the rear provides ample space for cooking and dining.

The first floor boasts two generously sized double bedrooms, both offering plenty of natural light and space for storage. A four-piece bathroom suite, complete with a bathtub and separate shower, ensures comfort and convenience. The home also benefits from a useful cellar, providing additional storage.

Externally, the enclosed rear garden is a wonderful private retreat, featuring a decked seating area, a small lawn, and gated access to the rear, making it a secure and pleasant outdoor space. With its fantastic location, spacious interior, and appealing features, this property is an excellent opportunity for first-time buyers, small families, or investors looking for a well-connected and desirable home. Viewing Highly Recommended

Ground Floor -

Entrance Vestibule - Door to front, door leading to:

Lounge - 4.27m x 4.34m (14'0" x 14'3") - Double glazed window to front, feature fireplace with inset living flame effect fire, two radiators, door leading to:

Inner Hallway - Stairs leading to first floor, door leading to:

Kitchen/Diner - 3.66m x 4.34m (12'0" x 14'3") - Fitted with a matching range of base and eye level units with worktop space over, inset sink and drainer with mixer tap, tiled splashbacks, plumbing for washing machine, space for fridge/freezer, built-in eye level double oven, built-in hob with extractor hood over, double glazed window to rear, radiator, stairs leading down to basement, door leading out to rear.

First Floor -

Landing - Radiator, door to storage cupboard, doors leading to:

Master Bedroom - 3.40m x 4.34m (11'2" x 14'3") - Double glazed window to front, two radiators.

Bedroom 2 - 3.66m x 2.76m (12'0" x 9'1") - Double glazed window to rear, radiator.

Bathroom - 3.66m x 1.48m (12'0" x 4'10") - Four piece suite comprising panelled bath, vanity wash hand basin, shower enclosure and low-level WC, tiled walls, double glazed window to rear, heated towel rail.

Basement -

Cellar - 5.17m x 4.34m (17'0" x 14'3") -

Cellar - 1.65m x 2.17m (5'5" x 7'1") -

Outside - Enclosed garden to the rear with decking and small lawn area. Gated access to rear.

Disclaimer - Home Estate Agents believe all the particulars given to be accurate. They have not tested or inspected any equipment, apparatus, fixtures or fittings and cannot, therefore, offer any proof or confirmation as to their condition or fitness for purpose thereof. The purchaser is advised to obtain the necessary verification from the solicitor or the surveyor. All measurements given are approximate and for guide purposes only and should not be relied upon as accurate for the purpose of buying fixtures, floor-coverings, etc. The buyer should satisfy him/her self of all measurements prior to purchase.

Before we can accept an offer for any property we will need certain information from you which will enable us to qualify your offer. If you are making a cash offer which is not dependent upon the sale of another property we will require proof of funds. You should be advised that any approach to a bank, building society or solicitor before we have qualified your offer may result in legal or survey fees being lost. In addition, any delay may result in the property being offered to someone else.

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Agent Details

Home Estate Agents Ltd, Stalybridge

0161 524 4847

Next Steps?

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