3 Bed Semi-Detached House, Cash/Bridging Only, Stalybridge, SK15 2QG, £189,950

Demesne Drive, Stalybridge, SK15 2QG - 2 views - 2 months ago

Cash
ROI: 4%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£85K - £760K
Sold Prices/m²£1.2K/m² - £5.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£195,649
BMV3%

 

 

End Value (After Refurb)

£202,807

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,488

Stamp Duty & Legal Fees

£6,899

Refurb Costs

£39,200

Bridging Loan Interest

£4,986

Total Cash In

£100,322

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£202,807

Mortgage (After Refinance)

£152,105

Mortgage LTV

75%

Cash Released

£9,643

Cash Left In

£90,679

Equity

£50,702

Rent Range

£850 - £1,800

Rent Estimate

£1,241

Running Costs/mo

£902

Cashflow/mo

£339

Cashflow/yr

£4,068

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £85K to £760K, average is £210K. £1.2K/m² to £5.4K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£117K06/210.09 mi3, Demesne Crescent, Stalybridge, Greater Manchester SK15 2PJ3
£85K01/210.11 mi118, Demesne Drive, Stalybridge, Greater Manchester SK15 2PP3
£165K05/230.12 mi176, Demesne Drive, Stalybridge, Greater Manchester SK15 2PP3
£140K12/200.16 mi36, Walker Avenue, Stalybridge, Greater Manchester SK15 2PE3
£410K06/210.23 mi6, Mottram Old Road, Stalybridge, Greater Manchester SK15 2TG3
£220K03/210.23 mi3, Shaw Moor Avenue, Stalybridge, Greater Manchester SK15 2RB3
£152K12/200.23 mi20, Hawke Street, Stalybridge, Greater Manchester SK15 2PQ3
£254K12/200.23 mi11, Heatherside, Stalybridge, Greater Manchester SK15 2QN3
£300K06/230.23 mi11, Heatherside, Stalybridge, Greater Manchester SK15 2QN3
£330K06/210.24 mi25, Walkerwood Drive, Stalybridge, Greater Manchester SK15 2QD3
£262K08/210.24 mi7, Walkerwood Drive, Stalybridge, Greater Manchester SK15 2QD3
£192.5K09/210.24 mi74, Stocks Lane, Stalybridge, Greater Manchester SK15 2NU3
£205K11/210.28 mi10, Staley Close, Stalybridge, Greater Manchester SK15 3HJ3
£201K04/230.28 mi11, Staley Close, Stalybridge, Greater Manchester SK15 3HJ3
£230K01/210.29 mi9, Churchbank, Stalybridge, Greater Manchester SK15 2QJ3
£185K03/230.29 mi15, Churchbank, Stalybridge, Greater Manchester SK15 2QJ3
£215K11/200.29 mi16, Honeysuckle Drive, Stalybridge, Greater Manchester SK15 2PS3
£248K03/210.29 mi30, Honeysuckle Drive, Stalybridge, Greater Manchester SK15 2PS3
£210K09/210.3 mi91, Staley Hall Road, Stalybridge, Greater Manchester SK15 3DP3
£256.5K08/230.3 mi59, Staley Hall Road, Stalybridge, Greater Manchester SK15 3DP3
£117K02/210.3 mi5, Harridge Avenue, Stalybridge, Greater Manchester SK15 3EQ3
£144.5K11/200.31 mi38, Flaxfield Avenue, Stalybridge, Greater Manchester SK15 3EG3
£226K02/210.32 mi3, Shawfields, Stalybridge, Greater Manchester SK15 2QH3
£181K02/210.32 mi70, Staley Hall Road, Stalybridge, Greater Manchester SK15 3DT3
£250K01/230.35 mi8, St Pauls Close, Stalybridge, Greater Manchester SK15 3DS3
£225K02/230.35 mi3, St Pauls Close, Stalybridge, Greater Manchester SK15 3DS3
£137.5K04/210.35 mi61, Stocks Lane, Stalybridge, Greater Manchester SK15 2LN3
£175K12/200.36 mi4, Spindle Avenue, Stalybridge, Greater Manchester SK15 3DU3
£155K02/210.36 mi84, Lindsay Street, Stalybridge, Greater Manchester SK15 2NL3
£228K01/210.36 mi19, Swineshaw Road, Stalybridge, Greater Manchester SK15 3AB3
£275K12/210.37 mi21, Cranworth Street, Stalybridge, Greater Manchester SK15 2NW3
£207.5K02/210.37 mi8, Cranworth Street, Stalybridge, Greater Manchester SK15 2NW3
£140K03/210.38 mi13, Lindsay Street, Stalybridge, Greater Manchester SK15 2LU3
£270K07/230.38 mi6, Pear Tree Drive, Stalybridge, Greater Manchester SK15 2PY3
£405K06/210.4 mi8, Fern Bank Close, Stalybridge, Greater Manchester SK15 2RZ3
£280K07/230.4 mi155, Mottram Road, Stalybridge, Greater Manchester SK15 2QU3
£426.8K06/210.41 mi227, Mottram Road, Stalybridge, Greater Manchester SK15 2QX3
£624.6K06/230.41 mi223, Mottram Road, Stalybridge, Greater Manchester SK15 2QX3
£110K02/210.43 mi29, Croft Street, Stalybridge, Greater Manchester SK15 2LX3
£101K11/200.44 mi53, Tatton Street, Stalybridge, Greater Manchester SK15 2LL3
£142.3K05/210.44 mi65, Tatton Street, Stalybridge, Greater Manchester SK15 2LL3
£130K04/230.44 mi51, Tatton Street, Stalybridge, Greater Manchester SK15 2LL3
£150K02/210.48 mi48, Crantock Drive, Stalybridge, Greater Manchester SK15 3HH3
£193K06/210.48 mi42, Crantock Drive, Stalybridge, Greater Manchester SK15 3HH3
£184K01/210.49 mi278, Huddersfield Road, Stalybridge, Greater Manchester SK15 3DZ3
£335K10/210.49 mi16, Ashes Lane, Stalybridge, Greater Manchester SK15 2RH3
£210K11/210.49 mi70, Fistral Crescent, Stalybridge, Greater Manchester SK15 3HW3
£760K12/220.54 mi64a, Mottram Old Road, Stalybridge, Greater Manchester SK15 2TE3
£485K12/220.54 mi73, Mottram Old Road, Stalybridge, Greater Manchester SK15 2TE3
£315K06/210.54 mi67, Mottram Old Road, Stalybridge, Greater Manchester SK15 2TE3

Local Rents

27 rents from £850/mo to £1.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20010/240.21 mi-3
£89503/250.32 mi-3
£1,15003/250.37 mi-3
£1,20008/240.38 miHuddersfield Road, Stalybridge, Cheshire, SK153
£90011/240.39 mi-3
£90011/240.39 mi-3
£1,00004/250.42 mi-3
£85008/240.62 miWakefield Road, Stalybridge, Greater Manchester, SK153
£1,25003/250.63 mi-3
£1,35008/240.72 miForester Drive, Stalybridge3
£1,25008/240.76 mi-3
£1,25011/240.76 mi-3
£1,15004/250.76 mi-3
£1,60008/240.79 mi-3
£1,80001/250.79 mi-3
£1,49504/250.79 mi-3
£1,10011/230.84 mi-3
£99507/240.84 mi-3
£95008/240.87 miStamford Street, Stalybridge, 3
£1,15004/250.9 mi-3
£1,15004/251.06 mi-3
£1,40010/241.08 mi-3
£1,20003/251.08 mi-3
£1,40008/241.08 miSchool Crescent, Stalybridge, SK153
£1,59508/241.09 miArlies Lane, Stalybridge, Greater Manchester, SK153
£1,35008/241.13 miHawthorn Drive, Stalybridge, SK153
£1,35008/241.14 miHawthorn Drive, Stalybridge3

Local Area Statistics

Population in SK15

27,625

Town centre distance

0.30 miles away

Nearest school

0.20 miles away

Nearest train station

1.07 miles away

 

 

Rental growth (12m)

+27%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Listed for £189,950

February 27, 2025

Floor Plans

Description

  • No Vendor Chain +
  • Semi Detached +
  • Three Bedrooms +
  • Utility Room +
  • Gardens To Front & Rear +
  • Viewing Essential! +

A fantastic opportunity to purchase this three-bedroom semi-detached home with no vendor chain, situated in a sought-after area of Stalybridge. Ideally located close to scenic countryside walks, well-regarded schools, and a range of local amenities, the property also benefits from excellent transport links, making it a convenient choice for families, professionals, or investors.

The ground floor features an entrance hall leading to a spacious lounge, a well-proportioned kitchen, and a useful utility room. Upstairs, there are three good-sized bedrooms, all offering plenty of natural light, along with a wet room.

Externally, the property boasts a small lawned garden to the front with a paved pathway. The enclosed rear garden provides an excellent outdoor space, featuring a paved patio area, with steps leading up to a lawned section—ideal for relaxing, entertaining, or gardening.

For added peace of mind, the property is fully alarmed and programmed to alert a mobile phone if activated, ensuring enhanced security whether at home or away.

This home is an excellent opportunity for buyers looking to put their own stamp on a property. With great potential to update and personalise, it offers a blank canvas to create a dream home in a desirable location. Whether you're a first-time buyer, a growing family, or an investor, this property presents endless possibilities to make it your own. Viewing Highly Recommended

Ground Floor -

Hall - Door to front, radiator, stairs leading to first floor, door leading to:

Lounge - 3.76m x 4.50m (12'4" x 14'9") - Double glazed window to front, radiator, door leading to:

Kitchen - 2.62m x 3.34m (8'7" x 10'11") - Fitted with a matching range of base and eye level units with worktop space over, inset sink and drainer with mixer tap and tiled splashbacks, space for fridge/freezer, built-in oven, built-in hob with extractor hood over, double glazed window to rear, radiator, door leading to:

Utility - 2.62m x 2.01m (8'7" x 6'7") - Fitted with a matching range of base units with worktop space over, inset sink and drainer with taps and tiled splashbacks, plumbing for washing machine, double glazed window to rear, radiator, door to pantry, door leading out to rear garden.

First Floor -

Landing - Doors leading to:

Bedroom 1 - 3.89m x 3.23m (12'9" x 10'7") - Double glazed window to side, double glazed window to front, radiator.

Bedroom 2 - 2.49m x 2.84m (8'2" x 9'4") - Double glazed window to rear, radiator.

Bedroom 3 - 2.77m x 2.26m (9'1" x 7'5") - Double glazed window to front, radiator.

Wet Room - 1.56m x 2.51m (5'1" x 8'3") - Three piece suite comprising shower area, pedestal wash hand basin and low-level WC, part tiled walls, double glazed window to rear, heated towel rail.

Outside - Small lawned garden and paved pathway to the front. Enclosed garden to the rear with paved patio and steps leading up to lawn area.

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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