2 Bed Flat, Single Let, Stockport, SK4 4JX, £150,000

Flat Gibsons Court, Gibsons Road, Stockport, SK4 4JX - a month ago

Sold STC

Leasehold

Auction

BTL

ROI: 6%

~68 m²

+4 photos

ValuationUndervalued

Sold Prices	£70K - £325K
Sold Prices/m²	£1.6K/m² - £6.7K/m²

Square Metres	~68.11 m²
Price/m²	£2.2K/m²
Value Estimate	£186,000£186,000
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£37,500£37,500
Stamp Duty & Legal Fees	£5,700£5,700
Total Cash In	£43,200£43,200

Cash Out
Rent Range	£850 - £2,300£850 - £2,300
Rent Estimate	£873
Running Costs/mo	£663£663
Cashflow/mo	£210£210
Cashflow/yr	£2,516£2,516
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £70K to £325K, average is £161.3K. £1.6K/m² to £6.7K/m², average is £2.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£205K	03/21	0.05 mi	Flat 4, Lea Court, Heaton Moor Road, Stockport, Greater Manchester SK4 4PZ	-	-	2	Flat
£200K	03/21	0.05 mi	Flat 12, Lea Court, Heaton Moor Road, Stockport, Greater Manchester SK4 4PZ	-	-	2	Flat
£155K	03/21	0.14 mi	Flat 9, Church Manor, Stanley Road, Stockport, Greater Manchester SK4 4HL	-	-	2	Flat
£187K	09/21	0.38 mi	9, Clifton Court, Stockport, Greater Manchester SK4 4DB	-	-	2	Flat
£195K	11/20	0.43 mi	206b, Heaton Moor Road, Stockport, Greater Manchester SK4 4DU	£2,671	73	2	Flat
£290K	06/21	0.43 mi	28, Colchester Place, Stockport, Greater Manchester SK4 2NY	£3,867	75	2	Flat
£144K	10/21	0.52 mi	36e, Norris Hill Drive, Stockport, Greater Manchester SK4 2NR	£2,703	53	2	Flat
£184.9K	05/23	0.53 mi	56g, Norris Hill Drive, Stockport, Greater Manchester SK4 2NR	-	-	2	Flat
£167.5K	05/21	0.53 mi	56f, Norris Hill Drive, Stockport, Greater Manchester SK4 2NR	£2,393	70	2	Flat
£285K	04/21	0.61 mi	8, March Avenue, Stockport, Greater Manchester SK4 2LB	£3,701	77	2	Flat
£177.5K	01/23	0.67 mi	49g, Crescent Park, Stockport, Greater Manchester SK4 2JD	£4,931	36	2	Flat
£130K	08/21	0.69 mi	40, Stitch Lane, Stockport, Greater Manchester SK4 2LS	-	-	2	Flat
£195K	05/21	0.72 mi	3, Beaminster Court, Stockport, Greater Manchester SK4 3HY	-	-	2	Flat
£179K	04/23	0.78 mi	30a, Sunnybank Avenue, Stockport, Greater Manchester SK4 3PR	£3,240	55	2	Flat
£128K	08/21	0.8 mi	9, Alston Gardens, Manchester, Greater Manchester M19 1DW	£2,000	64	2	Flat
£167.5K	04/21	0.83 mi	7, Fox Hill Court, Stockport, Greater Manchester SK4 2DU	£3,350	50	2	Flat
£128K	08/22	1 mi	15, Oakland Avenue, Manchester, Greater Manchester M19 1LB	-	-	2	Flat
£115K	03/21	1.02 mi	1a, Avon Road, Manchester, Greater Manchester M19 1HP	£1,746	66	2	Flat
£103K	01/21	1.07 mi	77, Broadlea Road, Manchester, Greater Manchester M19 1EG	-	-	2	Flat
£130K	04/21	1.1 mi	35, Tarvin Avenue, Stockport, Greater Manchester SK4 5LG	£2,421	54	2	Flat
£142K	10/21	1.1 mi	146a, Burnage Lane, Manchester, Greater Manchester M19 1EF	£2,630	54	2	Flat
£75K	02/23	1.12 mi	5, Moorton Avenue, Manchester, Greater Manchester M19 2NQ	-	-	2	Flat
£187K	06/21	1.16 mi	470a, Didsbury Road, Stockport, Greater Manchester SK4 3BS	£3,463	54	2	Flat
£197K	05/23	1.19 mi	Flat 307, Houldsworth Mill, Waterhouse Way, Reddish, Stockport, Greater Manchester SK5 6DD	-	-	2	Flat
£185K	12/22	1.29 mi	23, Earl Street, Stockport, Greater Manchester SK3 9JZ	£2,638	70	2	Flat
£170K	09/23	1.31 mi	838, Burnage Lane, Manchester, Greater Manchester M19 1RS	£3,489	49	2	Flat
£138K	03/23	1.34 mi	37, Broomfield Drive, Stockport, Greater Manchester SK5 7DR	£2,395	58	2	Flat
£105K	07/22	1.35 mi	17, Tillard Avenue, Cheadle Heath, Stockport, Greater Manchester SK3 0UB	-	-	2	Flat
£130.5K	01/21	1.36 mi	33, Tillard Avenue, Stockport, Greater Manchester SK3 0UB	£2,330	56	2	Flat
£325K	10/22	1.41 mi	76, Green Pastures, Stockport, Greater Manchester SK4 3RA	£4,333	75	2	Flat
£108.5K	01/21	1.43 mi	Flat 112, Victoria Mill, Houldsworth Street, Reddish, Stockport, Greater Manchester SK5 6AX	-	-	2	Flat
£200K	01/23	1.43 mi	Flat 172, Victoria Mill, Houldsworth Street, Reddish, Stockport, Greater Manchester SK5 6AX	-	-	2	Flat
£145K	06/22	1.43 mi	2, Higher Meadows, Levenshulme, Manchester, Greater Manchester M19 3BQ	£2,904	50	2	Flat
£188K	09/23	1.44 mi	145, Parrs Wood Road, Manchester, Greater Manchester M20 4RS	£2,984	63	2	Flat
£191K	12/22	1.44 mi	72, Briarfield Road, Manchester, Greater Manchester M20 4SS	£3,429	56	2	Flat
£168K	01/23	1.44 mi	22, Whimberry Way, Withington, Manchester, Greater Manchester M20 4SG	£3,055	55	2	Flat
£71.5K	10/20	1.45 mi	Flat 232, Ferguson Court, Acorn Close, Manchester, Greater Manchester M19 2HS	-	-	2	Flat
£85K	09/22	1.45 mi	Flat 231, Ferguson Court, Acorn Close, Manchester, Greater Manchester M19 2HS	-	-	2	Flat
£80K	03/21	1.45 mi	Flat 238, Ferguson Court, Acorn Close, Manchester, Greater Manchester M19 2HS	-	-	2	Flat
£70K	03/23	1.45 mi	Flat 246, Ferguson Court, Acorn Close, Manchester, Greater Manchester M19 2HS	-	-	2	Flat
£147.5K	12/20	1.47 mi	93, Parrs Wood Road, Manchester, Greater Manchester M20 4SH	£2,950	50	2	Flat
£152.5K	12/20	1.47 mi	51, Parrs Wood Road, Manchester, Greater Manchester M20 4SH	£2,460	62	2	Flat
£220.5K	03/23	1.49 mi	36, Printers Close, Manchester, Greater Manchester M19 1TL	£3,196	69	2	Flat
£200K	01/21	1.49 mi	28, Printers Close, Manchester, Greater Manchester M19 1TL	£3,077	65	2	Flat
£209.8K	07/23	1.49 mi	7, Printers Close, Manchester, Greater Manchester M19 1TL	£6,659	32	2	Flat
£188K	01/21	1.49 mi	36, Printers Close, Manchester, Greater Manchester M19 1TL	£2,725	69	2	Flat
£141K	05/22	1.54 mi	Flat 4, Park View Lodge, Kenilworth Road, Stockport, Greater Manchester SK3 0QQ	-	-	2	Flat
£90K	01/21	1.56 mi	60a, Gorton Road, Stockport, Greater Manchester SK5 6AH	£1,552	58	2	Flat
£144K	01/21	1.72 mi	48, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,526	57	2	Flat
£137.5K	03/21	1.72 mi	47, Hatters Court, Stockport, Greater Manchester SK1 3EB	£2,331	59	2	Flat

Local Rents

49 rents from £850/mo to £2.3K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£995	09/24	0.05 mi	Heaton Moor Road, Heaton Moor	2	Flat
£1,250	08/24	0.08 mi	-	2	Flat
£1,200	08/24	0.08 mi	Heaton Moor Road, Stockport, Greater Manchester, SK4	2	Flat
£895	08/24	0.09 mi	The Coach House, 92 Heaton Moor Road, Heaton Moor, Stockport, SK4	2	Flat
£1,195	08/24	0.09 mi	Heaton Moor Road, Stockport, Greater Manchester, SK4	2	Flat
£870	08/24	0.11 mi	118 Heaton Moor Road, Stockport, SK4 4JY	2	Flat
£1,200	04/25	0.11 mi	-	2	Flat
£1,150	09/24	0.12 mi	64-66 Heaton Moor Road, Stockport, SK4 4NZ	2	Flat
£1,600	03/25	0.12 mi	-	2	Flat
£1,000	09/24	0.12 mi	Lea Road, Stockport	2	Flat
£1,275	08/24	0.16 mi	Hollycrest Apartments	2	Flat
£1,100	09/24	0.18 mi	Heritage Gardens, Heaton Moor Road, Stockport	2	Flat
£1,250	08/24	0.18 mi	-	2	Terraced House
£1,350	08/24	0.18 mi	-	2	Terraced House
£1,275	12/24	0.18 mi	-	2	Terraced House
£2,300	08/24	0.18 mi	-	2	Flat
£1,200	08/24	0.18 mi	Heritage Gardens, Heaton Moor Road, Heaton Moor	2	Flat
£1,095	08/24	0.19 mi	Heaton Gardens, Heaton Moor, Stockport, Manchester, SK4	2	Flat
£1,075	03/25	0.2 mi	-	2	Flat
£1,075	11/24	0.2 mi	-	2	Flat
£1,200	08/24	0.27 mi	Leewood Court, 23 Hooley Range, Heaton Moor, Manchester, SK4	2	Flat
£1,100	09/24	0.27 mi	Epworth Court, Hooley Range, Heaton Moor	2	Flat
£1,150	09/24	0.28 mi	Castlewood Apartments, 192 Wellington Rd North, Heaton Norris, Stockport, SK4	2	Flat
£1,200	09/24	0.28 mi	Castlewood Apartments, 192 Wellington Rd North, Heaton Norris, Stockport, SK4	2	Flat
£1,150	09/24	0.28 mi	Castlewood Apartments, 192 Wellington Rd North, Heaton Norris, Stockport, SK4	2	Flat
£1,350	09/24	0.29 mi	-	2	Flat
£1,250	08/24	0.29 mi	-	2	Flat
£1,250	09/24	0.29 mi	Westacre house, Stockport, SK4	2	Flat
£975	09/24	0.29 mi	Epworth Court, 18 Hooley Range, Heaton Moor, Stockport, SK4	2	Flat
£900	09/24	0.29 mi	Hooley Range, Heaton Moor, Stockport, SK4	2	Flat
£1,200	03/25	0.31 mi	-	2	Flat
£895	08/24	0.32 mi	Heaton Moor Road, Stockport, Greater Manchester, SK4	2	Flat
£850	12/24	0.32 mi	-	2	Flat
£900	08/24	0.37 mi	Heaton Moor Road, Stockport	2	Flat
£875	09/24	0.37 mi	Wellington Road North, Heaton Chapel	2	Flat
£1,295	01/25	0.37 mi	-	2	Flat
£1,245	08/24	0.37 mi	-	2	Flat
£950	10/24	0.38 mi	-	2	Flat
£1,000	08/24	0.45 mi	Colchester Place, Heaton Norris, Stockport	2	Flat
£1,150	09/24	0.45 mi	Colchester Place, Heaton Norris, Stockport	2	Flat
£900	08/24	0.47 mi	Moorside Road, Stockport	2	Flat
£900	08/24	0.47 mi	Moorside Road, Stockport	2	Flat
£895	08/24	0.48 mi	School Lane, Stockport, Cheshire, SK4	2	Flat
£1,300	09/24	0.48 mi	Devonshire Road, Heaton Moor, Stockport, Cheshire, SK4	2	Terraced House
£1,495	08/24	0.48 mi	Devonshire Road, Heaton Moor, Stockport, SK4	2	Terraced House
£950	09/24	0.5 mi	Manchester Road, Heaton Norris, Stockport, Greater Manchester, SK4	2	Flat
£1,200	08/24	0.52 mi	-	2	Flat
£1,250	01/25	0.52 mi	-	2	Flat
£950	09/24	0.52 mi	Norris Hill Drive, Heaton Norris, Stockport	2	Flat

Local Area Statistics

Population in SK4	34,51034,510
Population in Stockport	181,140181,140
Town centre distance	3.18 miles away3.18 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.30 miles away0.30 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-9%-9%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+31%+31%

Property History

Listed for £150,000

February 27, 2025

Floor Plans

Description

TO BE SOLD BY ONLINE AUCTION +
Prime Heaton Moor Location +
Excellent Transport Links +
Spacious Accommodation +
Off-Road Parking +
Period Conversion +

TO BE SOLD BY ONLINE AUCTION ON 5TH MARCH 2024 UNLESS SOLD PRIOR UNDER AUCTION TERMS. Flat 6 Gibsons Court, 5, Gibsons Road, Stockport, SK4 4JX

A well-presented two-bedroom top-floor apartment situated within a period conversion. The property offers 623 sq ft of accommodation and is conveniently located on Gibsons Road, within walking distance of Heaton Moor’s shops, bars, and restaurants, with excellent transport links nearby, including Heaton Chapel Railway Station.

The property is currently tenanted but will be sold with vacant possession as the tenants are due to move out at the end of March. The potential rental income for the property is approximately £1,200 per month.

The apartment comprises a communal entrance with intercom access, an internal hallway, a modern fitted kitchen with a breakfast bar, a spacious lounge/diner, two double bedrooms, and a fitted three-piece bathroom. Externally, the property includes off-road parking to the rear.

Gibsons Road is ideally situated in the highly sought-after area of Heaton Moor, known for its vibrant community atmosphere. The area offers a wide selection of independent shops, cafés, bars, and restaurants. For outdoor enthusiasts, nearby parks such as Heaton Moor Park and Reddish Vale Country Park provide green spaces for leisure and recreation. Excellent transport links include Heaton Chapel Railway Station, offering regular services to Manchester and Stockport, and easy access to the M60 motorway network for convenient commuting. The area is also served by reputable schools, making it popular among professionals, families, and investors alike.

Ground Rent: N/A – All six apartments hold a 1/6 share of the freehold. Management & Maintenance: Managed collectively by all flat owners and the building’s insurance provider, ensuring shared responsibility for upkeep. Service Charge/Management Fees: £75 per month.

Agent Details

Edward Mellor Ltd, Auction

0161 524 2443

Next Steps?

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