2 Bed Flat, Single Let, Stockport, SK5 6DD, £110,000

Houldsworth Mill, Reddish, SK5 6DD - a month ago

Leasehold
BTL
ROI: 12%
~68 m²
+16 photos

ValuationUndervalued

Sold Prices£70K - £290K
Sold Prices/m²£1.6K/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£134,200
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Total Cash In

£34,200

 

 

Cash Out

 

Rent Range

£895 - £1,300

Rent Estimate

£895

Running Costs/mo

£543

Cashflow/mo

£352

Cashflow/yr

£4,227

ROI

12%

Gross Yield

10%

Local Sold Prices

50 sold prices from £70K to £290K, average is £132.5K. £1.6K/m² to £3.9K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£197K05/230 miFlat 307, Houldsworth Mill, Waterhouse Way, Reddish, Stockport, Greater Manchester SK5 6DD2
£130K04/210.1 mi35, Tarvin Avenue, Stockport, Greater Manchester SK4 5LG2
£108.5K01/210.27 miFlat 112, Victoria Mill, Houldsworth Street, Reddish, Stockport, Greater Manchester SK5 6AX2
£200K01/230.27 miFlat 172, Victoria Mill, Houldsworth Street, Reddish, Stockport, Greater Manchester SK5 6AX2
£90K01/210.38 mi60a, Gorton Road, Stockport, Greater Manchester SK5 6AH2
£138K03/230.67 mi37, Broomfield Drive, Stockport, Greater Manchester SK5 7DR2
£145K06/220.7 mi2, Higher Meadows, Levenshulme, Manchester, Greater Manchester M19 3BQ2
£166K09/210.96 mi18, West Meadow, Stockport, Greater Manchester SK5 6XR2
£127K12/210.96 mi19, West Meadow, Stockport, Greater Manchester SK5 6XR2
£140K09/220.96 mi23, West Meadow, Stockport, Greater Manchester SK5 6XR2
£120K11/211.03 mi33, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ2
£105K03/211.03 mi51, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ2
£148K09/221.03 mi57, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ2
£125K06/221.04 mi41, Cravenwood Road, Reddish, Stockport, Greater Manchester SK5 6PQ2
£133K07/231.04 mi137, Rawsthorne Avenue, Manchester, Greater Manchester M18 7GA2
£102K10/211.04 mi79, Rawsthorne Avenue, Manchester, Greater Manchester M18 7GA2
£135K05/221.16 mi90, Cromwell Avenue, Denton, Stockport, Greater Manchester SK5 6GB2
£205K03/211.16 miFlat 4, Lea Court, Heaton Moor Road, Stockport, Greater Manchester SK4 4PZ2
£200K03/211.16 miFlat 12, Lea Court, Heaton Moor Road, Stockport, Greater Manchester SK4 4PZ2
£155K09/221.17 mi66, Cromwell Avenue, Denton, Stockport, Greater Manchester SK5 6GB2
£132K11/221.19 mi7, Cromwell Avenue, Denton, Stockport, Greater Manchester SK5 6GA2
£135K04/221.19 mi67, Cromwell Avenue, Denton, Stockport, Greater Manchester SK5 6GA2
£155K03/211.33 miFlat 9, Church Manor, Stanley Road, Stockport, Greater Manchester SK4 4HL2
£75K02/231.37 mi5, Moorton Avenue, Manchester, Greater Manchester M19 2NQ2
£130K08/211.42 mi40, Stitch Lane, Stockport, Greater Manchester SK4 2LS2
£115K03/211.42 mi1a, Avon Road, Manchester, Greater Manchester M19 1HP2
£142K10/211.45 mi146a, Burnage Lane, Manchester, Greater Manchester M19 1EF2
£135K04/221.45 miFlat 36, Warwick House, Central Avenue, Manchester, Greater Manchester M19 2FF2
£123K03/231.45 miFlat 28, Warwick House, Central Avenue, Manchester, Greater Manchester M19 2FF2
£128K08/211.46 mi9, Alston Gardens, Manchester, Greater Manchester M19 1DW2
£151K06/221.47 mi5, Danebank Mews, Denton, Manchester, Greater Manchester M34 2JN2
£130K03/231.48 miFlat 4, Park Lodge, Park Avenue, Levenshulme, Manchester, Greater Manchester M19 2EE2
£70K03/231.48 miFlat 246, Ferguson Court, Acorn Close, Manchester, Greater Manchester M19 2HS2
£71.5K10/201.48 miFlat 232, Ferguson Court, Acorn Close, Manchester, Greater Manchester M19 2HS2
£85K09/221.48 miFlat 231, Ferguson Court, Acorn Close, Manchester, Greater Manchester M19 2HS2
£80K03/211.48 miFlat 238, Ferguson Court, Acorn Close, Manchester, Greater Manchester M19 2HS2
£133K12/221.49 mi1, Danebank Mews, Denton, Manchester, Greater Manchester M34 2JN2
£187K09/211.51 mi9, Clifton Court, Stockport, Greater Manchester SK4 4DB2
£235K10/201.55 mi32, Colchester Place, Stockport, Greater Manchester SK4 2NY2
£290K06/211.55 mi28, Colchester Place, Stockport, Greater Manchester SK4 2NY2
£130K12/221.56 mi898d, Hyde Road, Manchester, Greater Manchester M18 7LL2
£110K03/211.56 mi920a, Hyde Road, Manchester, Greater Manchester M18 7LL2
£123K07/221.56 mi896, Hyde Road, Manchester, Greater Manchester M18 7LL2
£120K10/221.56 mi892c, Hyde Road, Manchester, Greater Manchester M18 7LL2
£115K12/211.56 mi898a, Hyde Road, Manchester, Greater Manchester M18 7LL2
£144K10/211.61 mi36e, Norris Hill Drive, Stockport, Greater Manchester SK4 2NR2
£184.9K05/231.61 mi56g, Norris Hill Drive, Stockport, Greater Manchester SK4 2NR2
£167.5K05/211.61 mi56f, Norris Hill Drive, Stockport, Greater Manchester SK4 2NR2
£195K11/201.62 mi206b, Heaton Moor Road, Stockport, Greater Manchester SK4 4DU2
£71.3K09/211.66 miFlat 6, Brookfield Court, Kirkman Close, Manchester, Greater Manchester M18 7EA2

Local Rents

33 rents from £895/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£99508/240.09 mi-2
£89508/240.09 mi-2
£99508/240.09 miTarvin Avenue, Heaton Chapel, Stockport, SK42
£1,00009/240.1 mi-2
£1,00008/240.13 miCarnforth Road SK42
£1,05012/240.13 mi-2
£89509/240.19 mi-2
£1,10009/240.19 miHaddon Grove, Reddish, Stockport, SK52
£1,30002/250.2 mi-2
£1,17508/240.21 miLeamington Road, Reddish, Stockport, SK52
£1,17509/240.21 miLeamington Road, Reddish, Stockport, SK52
£1,05008/240.22 miElisabeth Mill, Elisabeth Gardens, Stockport2
£95009/240.22 mi-2
£99509/240.23 miElisabeth Gardens, Reddish, Stockport2
£1,00003/250.24 mi-2
£1,20009/240.26 miBlackbrook Road, Heaton Chapel2
£1,00004/250.26 mi-2
£1,10003/250.26 mi-2
£1,27502/250.27 mi-2
£97508/240.27 miVictoria Mill, Houldsworth Square, Reddish, Stockport, SK52
£95009/240.27 mi-2
£1,25009/240.32 miPriory Lane, Stockport, Cheshire, SK52
£1,00002/250.33 mi-2
£1,10009/240.34 miPriory Lane, Stockport, Cheshire, SK52
£95008/240.34 mi-2
£1,05008/240.4 miBarlow Lane North, Reddish, Stockport, SK52
£1,27509/240.45 miFinsbury Road, Reddish, Stockport, SK52
£95012/240.46 mi-2
£1,00002/250.47 mi-2
£92508/240.49 mi-2
£99508/240.53 miSpencer Street, Reddish, Stockport, Greater Manchester, SK52
£99509/240.53 miSpencer Street, Reddish, Stockport, Greater Manchester, SK52
£1,10009/240.56 miBroadstone Hall Road South, South Reddish, Stockport2

Local Area Statistics

Population in SK5

29,538

Population in Stockport

181,140

Town centre distance

3.55 miles away

Nearest school

0.10 miles away

Nearest train station

0.32 miles away

 

 

Rental growth (12m)

+28%

Sales demand

Seller's market

Capital growth (5yrs)

+48%

Property History

Listed for £110,000

February 26, 2025

Floor Plans

Description

  • PLEASE QUOTE OK0110 +
  • A REAL 'WOW' FACTOR TWO DOUBLE BEDROOM APARTMENT +
  • IMMACULATELY PRESENTED THROUGHOUT; READY TO MOVE IN TO +
  • PRIME CORNER POSITION, FIRST FLOOR APARTMENT +
  • ALLOCATED PARKING SPACE +
  • AN ADDED BONUS OF NO VENDOR CHAIN +
  • BEING SOLD WITH 50% OWNERSHIP +
  • SITUATED CLOSE TO LOCAL SHOPS, AMENITIES & TRANSPORT LINKS +

50% OWNERSHIP. Situated in one of the best plots within the building; this immaculately presented two double bedroom apartment boasts a huge open plan living/dining area with dual aspect windows. Situated on the first floor, in a prime corner position, this two bedroom apartment is ideal for first time buyers or down sizers. Boasting high ceilings throughout and views of the Pennines, Manchester City Centre and beyond; Houldsworth Mill has always been a popular development. The apartment is offered for sale with the added bonus of no vendor chain. With the independent shops, cafes and transport links that both Reddish and Heaton Chapel have to offer, all within walking distance, this apartment is ideally situated for anyone wanting a convenient location. The building itself also benefits from lift access and intercom entry phone system. Houldsworth Mill also boasts a gym and Health Club (separate charges apply) to the ground floor of the building. The apartment briefly comprises of: spacious entrance hall leading to the bathroom with a three piece suite and shower over the bath. Two large double bedrooms provide ample space for king size beds and wardrobes, with great views from both bedrooms. To the side and rear of the property, is the real 'Wow' factor; the East & South facing dining/living area boasting an amazing corner position with dual aspect windows allowing the light to flood in all day. The modern kitchen, boasts a range of wall and base units and space for appliances. Two large storage cupboards off the hall, along with additional external storage too. There is an allocated parking space within the barrier entry car park, with visitor parking available in the Mill car park or on road. A viewing is highly recommended to appreciate the size and position of this unique apartment. Being sold with the added bonus of no vendor chain! Please note this property is not suitable for buy to let purposes. Lease details:
Lease length - 184 years
£226 per month - rent on 50%
£168 per month - service charge

Agent Details

eXp UK, North West

03304 609968

Next Steps?

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