3 Bed Terraced House, Single Let, Stockport, SK5 6QA, £200,000

Somerford Road, Reddish, Stockport, Cheshire, SK5 6QA - 1 views - 2 months ago

BTL
ROI: 5%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£145K - £297K
Sold Prices/m²£1.6K/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£243,808
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Rent Range

£950 - £3,300

Rent Estimate

£1,075

Running Costs/mo

£860

Cashflow/mo

£215

Cashflow/yr

£2,580

ROI

5%

Gross Yield

6%

Local Sold Prices

50 sold prices from £145K to £297K, average is £222.3K. £1.6K/m² to £3.9K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£173K11/210.03 mi75, Somerford Road, Stockport, Greater Manchester SK5 6QA3
£216K06/230.06 mi120, Thornley Lane South, Stockport, Greater Manchester SK5 6QW3
£220K06/230.06 mi117, Thornley Lane South, Stockport, Greater Manchester SK5 6QW3
£170K04/210.06 mi37, Belvedere Avenue, Stockport, Greater Manchester SK5 6QJ3
£170K03/210.06 mi8, Belvedere Avenue, Stockport, Greater Manchester SK5 6QJ3
£231K03/230.09 mi128, Thornley Lane South, Stockport, Greater Manchester SK5 6QL3
£160K10/200.13 mi85, Criterion Street, Stockport, Greater Manchester SK5 6RY3
£179.6K01/230.13 mi79, Criterion Street, Stockport, Greater Manchester SK5 6RY3
£190K02/210.13 mi74, Lindfield Road, Stockport, Greater Manchester SK5 6SF3
£232K11/210.14 mi50, Cromwell Avenue, Denton, Manchester, Greater Manchester SK5 6GB3
£263K06/230.14 mi4, Middleton Road, Stockport, Greater Manchester SK5 6SG3
£230K10/210.16 mi51, Middleton Road, Stockport, Greater Manchester SK5 6SH3
£177K02/210.16 mi421, Gorton Road, Stockport, Greater Manchester SK5 6LR3
£170K11/200.18 mi23, Betley Road, Stockport, Greater Manchester SK5 6SE3
£259K01/230.2 mi52, Granada Road, Denton, Manchester, Greater Manchester M34 2LJ3
£257K07/210.2 mi2, Granada Road, Denton, Manchester, Greater Manchester M34 2LJ3
£228.3K02/210.2 mi206, Thornley Lane South, Stockport, Greater Manchester SK5 6QG3
£220K09/210.21 mi59, Thornley Lane North, Stockport, Greater Manchester SK5 6QR3
£145K04/210.21 mi5, Tindall Street, Stockport, Greater Manchester SK5 6QZ3
£265K04/240.22 mi1, Granada Road, Denton, Manchester, Greater Manchester M34 2LL3
£190K12/210.23 mi12, Bispham Avenue, Stockport, Greater Manchester SK5 6NT3
£150K01/210.23 mi3, Criterion Street, Stockport, Greater Manchester SK5 6SA3
£187.5K03/210.23 mi1, Criterion Street, Stockport, Greater Manchester SK5 6SA3
£167.5K01/210.24 mi1, Gloucester Road, Denton, Manchester, Greater Manchester M34 2HT3
£180.5K10/210.24 mi59, Somers Road, Stockport, Greater Manchester SK5 6SL3
£264.1K05/230.24 mi49, Somers Road, Stockport, Greater Manchester SK5 6SL3
£220K07/210.25 mi18, Farn Avenue, Reddish, Stockport, Greater Manchester SK5 6NQ3
£253K10/230.25 mi7, Wainwright Avenue, Denton, Manchester, Greater Manchester M34 2WW3
£178.1K02/210.25 mi4, Aigburth Grove, Stockport, Greater Manchester SK5 6NJ3
£198K06/230.26 mi10, Lindfield Road, Stockport, Greater Manchester SK5 6SD3
£222.5K02/210.26 mi16, Heswall Road, Stockport, Greater Manchester SK5 6SN3
£280K11/200.26 mi5, Heswall Road, Stockport, Greater Manchester SK5 6SN3
£250K03/220.26 mi366, Thornley Lane South, Stockport, Greater Manchester SK5 6TA3
£270K08/230.27 mi3, Thornhill Close, Denton, Manchester, Greater Manchester M34 2HS3
£283K03/230.28 mi4, Cordova Avenue, Denton, Manchester, Greater Manchester M34 2WP3
£229K12/200.28 mi20, Cordova Avenue, Denton, Manchester, Greater Manchester M34 2WP3
£297K08/230.28 mi27, Cordova Avenue, Denton, Manchester, Greater Manchester M34 2WP3
£236K04/240.28 mi10, Manton Avenue, Denton, Manchester, Greater Manchester M34 2LH3
£256K06/240.28 mi3, Manton Avenue, Denton, Manchester, Greater Manchester M34 2LH3
£237.5K03/210.28 mi75, Windmill Lane, Stockport, Greater Manchester SK5 6SZ3
£175K12/200.29 mi23, Beresford Crescent, Stockport, Greater Manchester SK5 6NU3
£270K05/220.29 mi26, Beresford Crescent, Stockport, Greater Manchester SK5 6NU3
£220K07/240.3 mi17, Earlston Avenue, Denton, Manchester, Greater Manchester M34 2LF3
£250K04/240.3 mi11, Hewitt Avenue, Denton, Manchester, Greater Manchester M34 2NP3
£228K04/230.3 mi10, Hewitt Avenue, Denton, Manchester, Greater Manchester M34 2NP3
£200K11/200.3 mi20, Hewitt Avenue, Denton, Manchester, Greater Manchester M34 2NP3
£260K07/230.3 mi1, Franklyn Close, Denton, Manchester, Greater Manchester M34 2HX3
£222K05/240.3 mi12, Franklyn Close, Denton, Manchester, Greater Manchester M34 2HX3
£292.5K12/220.32 mi36, Shirley Avenue, Denton, Manchester, Greater Manchester M34 2LN3
£179K12/200.32 mi46, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ3

Local Rents

50 rents from £950/mo to £3.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10009/240.02 mi-3
£1,27509/240.09 mi-3
£1,50004/250.13 mi-3
£1,27503/250.14 mi-3
£1,20009/240.22 miSomers Road, Stockport, Cheshire, SK53
£1,05008/240.23 miCriterion Street, Stockport, Greater Manchester, SK53
£1,10008/240.24 miSomers Road, Stockport3
£1,20009/240.27 miThornley Lane North, Stockport3
£1,45003/250.28 mi-3
£1,30003/250.3 mi-3
£1,35008/240.31 miCravenwood Road, Reddish, Stockport, Greater Manchester, SK53
£1,05008/240.38 mi-3
£1,25003/250.39 mi-3
£95008/240.39 mi-3
£1,20012/240.4 miRoyston Avenue, Denton, Manchester, Greater Manchester, M343
£1,25005/240.4 miOrwell Avenue, Dane Bank, M343
£1,10009/240.4 miBradfield Close, North Reddish, SK53
£1,20009/240.4 miBradfield Close, North Reddish, SK53
£1,60003/250.43 mi-3
£1,39902/250.44 mi-3
£1,35004/240.45 mi-3
£1,35005/240.45 miWindsor Road, Denton, Manchester, M343
£1,19505/240.46 miMayfield Grove, Manchester, M183
£1,30012/240.47 mi-3
£3,30012/240.48 mi-3
£3,30002/250.48 mi-3
£3,30002/250.48 mi-3
£2,60002/250.48 mi-3
£1,30008/240.49 miBalfour Grove, Stockport, Greater Manchester, SK53
£1,29505/240.53 mi-3
£1,10009/240.54 miMelanie Drive, Stockport3
£1,20008/240.55 mi-3
£1,35005/240.55 miShillingford Road, Manchester, Greater Manchester, M183
£1,20008/240.57 miOlwen Crescent, Reddish, Stockport, SK53
£1,30009/240.57 mi-3
£1,65003/250.57 mi-3
£1,50005/240.57 miShillingford Road, Manchester, M183
£1,35012/240.58 mi-3
£1,35005/240.58 miFylde Lane, Manchester, M183
£1,35005/240.58 miFylde Lane, Gorton3
£1,50005/240.58 miRainshaw Lane, Manchester, M183
£1,39002/240.58 mi-3
£1,30005/240.58 mi-3
£1,60005/240.58 mi-3
£1,50002/240.58 mi-3
£1,20011/240.59 mi-3
£1,35012/240.59 mi-3
£1,10008/240.59 mi-3
£1,20011/230.59 mi-3
£1,20002/250.6 mi-3

Local Area Statistics

Population in SK5

29,538

Population in Stockport

181,140

Town centre distance

4.26 miles away

Nearest school

0.20 miles away

Nearest train station

0.09 miles away

 

 

Rental growth (12m)

+28%

Sales demand

Seller's market

Capital growth (5yrs)

+48%

Property History

Listed for £200,000

February 19, 2025

Floor Plans

Description

  • Charming terraced property +
  • Welcoming reception room +
  • Three well-proportioned bedrooms +
  • Handy parking space +
  • Delightful garden +
  • Excellent transport links +
  • Good schools nearby +
  • Cost-effective council tax band +
  • Practical kitchen +
  • Ideal for first-time buyers +

*NO ONWARD CHAIN*
Welcome to your potential dream home! We are thrilled to present this charming terraced property, currently listed for sale. It's the sort of home that's perfect for both first time buyers hoping to make their mark, or savvy investors looking for a valuable addition to their portfolio.

Step inside and you'll be greeted by a cosy and welcoming reception room, where you can effortlessly entertain guests or simply relax after a long day. The property also features a practical kitchen, ready for you to whip up your favourite meals. Upstairs, you'll find three well-proportioned bedrooms offering plenty of space for a growing family or overnight guests. And to complete the comforts of home, there's a family bathroom as well.

One of the stand-out features of this property is its handy parking space, a real luxury in these parts. But that's not all. There's also a delightful garden, a haven for those who love to be outdoors, whether you're growing your own veggies or just enjoying a good book in the sunshine.

In terms of location, this property is a real winner. It's situated in a sought-after area with excellent public transport links and good schools nearby, making it an ideal place for families.

Despite its 'D' EPC rating, this home falls into council tax band 'A', making it a cost-effective choice for those keeping an eye on their budget.

Don't miss out on this fantastic opportunity to own a home in a truly desirable location. Get in touch today and let us help you make this house your home.

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.

RED250066/2

Agent Details

Reeds Rains, Reddish

0161 524 5299

Next Steps?

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