2 Bed Flat, Single Let, Stockport, SK1 3PB, £120,000

Ratcliffe Towers, Hillgate, SK1 3PB - 1 views - 2 months ago

Leasehold
BTL
ROI: 9%
~61 m²
+8 photos

ValuationUndervalued

Sold Prices£74.5K - £300K
Sold Prices/m²£1.4K/m² - £3.3K/m²

 

 

Square Metres

~61.30 m²
Price/m²£2K/m²

Value Estimate

£147,966
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£37,200

 

 

Cash Out

 

Rent Range

£795 - £2,699

Rent Estimate

£825

Running Costs/mo

£560

Cashflow/mo

£265

Cashflow/yr

£3,180

ROI

9%

Gross Yield

8%

Local Sold Prices

30 sold prices from £74.5K to £300K, average is £140.5K. £1.4K/m² to £3.3K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£156K06/230.11 mi59, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£140K09/210.11 mi34, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£140K01/230.11 mi83, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£140K01/230.11 mi1, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£140K01/230.11 mi72, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£140K07/210.11 mi35, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£144K01/210.11 mi48, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£74.5K06/210.11 mi37, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£137.5K03/210.11 mi47, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£145K04/230.11 mi63, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£153.5K03/230.11 mi86, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£148K02/230.12 mi43, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£160K08/220.13 mi31, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£162.3K10/220.13 mi76, Hatters Court, Stockport, Greater Manchester SK1 3EB2
£185K12/220.33 mi23, Earl Street, Stockport, Greater Manchester SK3 9JZ2
£141K03/230.63 miApartment 14, Alder Heights, New Zealand Road, Stockport, Greater Manchester SK1 4AG2
£120K06/210.72 mi62, Marsland Terrace, Stockport, Greater Manchester SK1 4PZ2
£123K07/210.74 mi36, Chelburn Court, Stockport, Greater Manchester SK3 8EN2
£82K10/210.74 mi16, Chelburn Court, Stockport, Greater Manchester SK3 8EN2
£136K04/220.74 mi12, Chelburn Court, Stockport, Greater Manchester SK3 8EN2
£77.5K03/230.74 mi23, Chelburn Court, Stockport, Greater Manchester SK3 8EN2
£165K01/230.75 mi24, Chelburn Court, Stockport, Greater Manchester SK3 8EN2
£300K06/210.76 mi19a, Offerton Lane, Stockport, Greater Manchester SK2 5AA2
£152K04/220.84 miFlat 3, Regency Court, Niagara Street, Stockport, Greater Manchester SK2 6EE2
£82.5K04/220.84 mi70, Newsham Road, Stockport, Greater Manchester SK3 8GN2
£125K02/210.85 mi118a, Lowndes Lane, Stockport, Greater Manchester SK2 6DH2
£155K12/220.85 miFlat 1, Regency Court, Niagara Street, Stockport, Greater Manchester SK2 6EE2
£147K06/220.85 miFlat 5, Regency Court, Niagara Street, Stockport, Greater Manchester SK2 6EE2
£152.5K10/210.93 mi5, Wildwood Close, Stockport, Greater Manchester SK2 6EX2
£130K08/210.94 mi40, Stitch Lane, Stockport, Greater Manchester SK4 2LS2

Local Rents

50 rents from £795/mo to £2.7K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,10008/240.06 miHigher Hillgate, Stockport, Greater Manchester, SK12
£1,10012/240.06 miHigher Hillgate, Stockport, Greater Manchester, SK12
£95008/240.07 miMiddle Hillgate, Hillgate, Stockport2
£1,02504/250.07 mi-2
£1,15008/240.08 miEdward House, Edward Street, Stockport2
£92508/240.09 mi-2
£99512/240.09 mi-2
£95008/240.1 miHatters Court, Higher Hillgate2
£1,00012/240.1 miHatters Court, Stockport, Greater Manchester, SK12
£80008/240.1 miWelcroft Street, Stockport Town Centre2
£85012/240.1 miWelcroft Street, Stockport Town Centre2
£97512/240.11 miHatters Court, Stockport, SK1 3EB2
£97511/230.11 miHatters Court, Higher Hillgate, Stockport2
£1,05004/250.12 mi-2
£1,02511/240.12 mi-2
£1,00003/250.12 mi-2
£95008/240.14 miWellington Road South SK12
£82508/240.16 miBirchfield House, Hopes Carr, Stockport2
£1,20002/250.2 mi-2
£99512/240.23 miUpper Brook Street,2
£99511/230.23 miThomson Street, Edgeley, Stockport, SK32
£1,10012/240.24 mi-2
£1,20008/240.24 mi-2
£1,20004/250.25 mi-2
£79508/240.27 mi-2
£85008/240.29 miHigh Street, Stockport2
£95008/240.3 miRegal House, Duke Street, Stockport, SK12
£95012/240.3 miRegal House, Duke Street, Stockport, SK12
£95012/240.3 miRegal House, Duke Street, Stockport, SK12
£1,00003/250.3 mi-2
£99512/240.31 miApartment 1 The Thatched House, 74 Churchgate, Stockport, SK12
£1,39508/240.31 miChurchgate, Stockport, SK12
£95010/240.35 mi-2
£2,69901/250.35 mi-2
£97512/240.35 mi-2
£1,00008/240.36 miWellington Road South, Stockport2
£89512/240.36 miWellington Mill, Wellington Road South, Stockport, Cheshire, SK32
£87510/240.36 mi-2
£85011/240.36 mi-2
£1,00008/240.37 miWellington Mill, Stockport2
£1,00012/240.37 miWellington Road South, Stockport, Greater Manchester, SK32
£82508/240.37 miWellington Road South, Stockport, Cheshire, SK22
£1,00008/240.37 miAthens Street, Offerton, Stockport, SK1 4EG2
£1,20003/250.38 mi-2
£1,25004/250.38 mi-2
£1,09501/250.38 mi-2
£95008/240.38 miCastle street, Edgeley SK32
£1,00012/240.38 miCastle street Edgeley, SK32
£99508/240.38 mi-2
£1,46512/240.38 miThe Interchange, Daw Bank, Stockport, Greater Manchester, SK32

Local Area Statistics

Population in SK1

11,230

Population in Stockport

181,140

Town centre distance

1.56 miles away

Nearest school

0.10 miles away

Nearest train station

0.31 miles away

 

 

Rental growth (12m)

-8%

Sales demand

Seller's market

Capital growth (5yrs)

+44%

Property History

Listed for £120,000

February 27, 2025

Floor Plans

Description

  • NO ONWARD CHAIN +
  • Two Bedrooms +
  • Well Connected Location +
  • Ready To Move Into +
  • Communal Parking +
  • Local Amenities Nearby +

This two-bedroom, NO CHAIN apartment is ideally located just a ten-minute walk from the centre of Stockport, making it perfect for first-time buyers or professionals seeking a WELL CONNECTED and convenient home. Attractively priced and READY TO MOVE INTO, this apartment offers an excellent opportunity for those looking to settle in a vibrant area. The property features an inviting entrance hall with a useful storage cupboard. The spacious OPEN PLAN lounge and fitted kitchen provide a modern living space, complete with a balcony for outdoor relaxation. The apartment includes two DOUBLE bedrooms, offering ample room for comfortable living. The shower room in complete with a walk-in shower for accessibility. Heating is controlled by the council and included in the service charge, with the added benefit of being able to adjust the temperature from radiators within your own flat. Additionally, communal parking is available for residents. Situated in a prime location, you'll find a variety of local amenities close by, including independent shops, cafes, bars, restaurants, and supermarkets. For easy transport links, Stockport Station offers direct connections to Manchester and the North West, while the Interchange Bus Station links to surrounding areas. The M60 motorway network is also nearby for added convenience. Don’t miss this fantastic opportunity!

Agent Details

Edward Mellor Ltd, Edgeley

0161 524 2656

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪