2 Bed Terraced House, Cash/Bridging Only, Stalybridge, SK15 2LP, £175,000

Mill Street, Stalybridge, SK15 2LP - 2 views - 2 months ago

Cash
ROI: 2%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£100K - £210K
Sold Prices/m²£1.2K/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£135,673

 

 

End Value (After Refurb)

£175,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,450

Refurb Costs

£28,709

Bridging Loan Interest

£4,594

Total Cash In

£85,253

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£175,000

Mortgage (After Refinance)

£131,250

Mortgage LTV

75%

Cash Left In

£85,253

Equity

£43,750

Rent Range

£695 - £1,200

Rent Estimate

£880

Running Costs/mo

£743

Cashflow/mo

£137

Cashflow/yr

£1,646

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £100K to £210K, average is £140K. £1.2K/m² to £2.8K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£150K02/230.04 mi47, Stocks Lane, Stalybridge, Greater Manchester SK15 2LN2
£140K02/230.05 mi74, Lindsay Street, Stalybridge, Greater Manchester SK15 2NL2
£165K11/210.05 mi80, Lindsay Street, Stalybridge, Greater Manchester SK15 2NL2
£108K05/210.05 mi36, Stocks Lane, Stalybridge, Greater Manchester SK15 2LW2
£172K11/210.06 mi43, Albion Gardens, Stalybridge, Greater Manchester SK15 2LR2
£155K05/230.07 mi23, Oxford Street, Stalybridge, Greater Manchester SK15 2NX2
£135K07/230.07 mi6, Elgin Street, Stalybridge, Greater Manchester SK15 2NH2
£148K07/230.07 mi34, Groby Street, Stalybridge, Greater Manchester SK15 2NN2
£162.6K07/230.08 mi19, Lindsay Street, Stalybridge, Greater Manchester SK15 2LU2
£130K06/230.08 mi35, Lindsay Street, Stalybridge, Greater Manchester SK15 2LU2
£135K09/210.08 mi14, French Street, Stalybridge, Greater Manchester SK15 2NT2
£139.5K02/210.08 mi1, French Street, Stalybridge, Greater Manchester SK15 2NT2
£123.4K05/210.08 mi10, French Street, Stalybridge, Greater Manchester SK15 2NT2
£147K03/230.08 mi18, French Street, Stalybridge, Greater Manchester SK15 2NT2
£117.5K02/210.09 mi121, Lindsay Street, Stalybridge, Greater Manchester SK15 2NS2
£156.5K07/230.09 mi115, Lindsay Street, Stalybridge, Greater Manchester SK15 2NS2
£175K03/230.09 mi23, Hawke Street, Stalybridge, Greater Manchester SK15 2PQ2
£140K02/210.1 mi34, Lindsay Street, Stalybridge, Greater Manchester SK15 2LT2
£187.5K12/210.11 mi56, Stocks Lane, Stalybridge, Greater Manchester SK15 2NU2
£155K06/210.11 mi82, Stocks Lane, Stalybridge, Greater Manchester SK15 2NU2
£176K05/230.11 mi103, Stocks Lane, Stalybridge, Greater Manchester SK15 2NU2
£154K11/200.11 mi119, Mottram Road, Stalybridge, Greater Manchester SK15 2QS2
£138K07/230.13 mi44, Grey Street, Stalybridge, Greater Manchester SK15 2NR2
£148K07/230.13 mi6, Croft Street, Stalybridge, Greater Manchester SK15 2LX2
£140K09/210.13 mi2, Croft Street, Stalybridge, Greater Manchester SK15 2LX2
£128K07/230.13 mi6, Tatton Street, Stalybridge, Greater Manchester SK15 2LL2
£150K08/210.14 mi34, St Pauls Street, Stalybridge, Greater Manchester SK15 2NZ2
£115K03/210.14 mi9, St Pauls Street, Stalybridge, Greater Manchester SK15 2NZ2
£150K07/210.14 mi10, St Pauls Street, Stalybridge, Greater Manchester SK15 2NZ2
£135K12/200.14 mi27, Bower Grove, Stalybridge, Greater Manchester SK15 2PA2
£112K03/210.14 mi17, Bower Grove, Stalybridge, Greater Manchester SK15 2PA2
£122.5K03/230.17 mi38, Cecil Street, Stalybridge, Greater Manchester SK15 2LD2
£135K05/230.17 mi49, Cecil Street, Stalybridge, Greater Manchester SK15 2LD2
£123K06/210.18 mi12, Huddersfield Road, Stalybridge, Greater Manchester SK15 2QA2
£110K11/220.19 mi13, Huddersfield Road, Stalybridge, Greater Manchester SK15 2QA2
£145K03/210.2 mi5, Bradley Fold, Stalybridge, Greater Manchester SK15 2QE2
£160K06/210.2 mi3, Richmond Street, Stalybridge, Greater Manchester SK15 2PZ2
£115K02/210.24 mi58, Knowl Street, Stalybridge, Greater Manchester SK15 3AJ2
£118.5K02/210.27 mi5, Higher Tame Street, Stalybridge, Greater Manchester SK15 3AS2
£130K04/210.35 mi35, Cocker Hill, Stalybridge, Greater Manchester SK15 1AA2
£210K11/220.36 mi104, Forester Drive, Stalybridge, Greater Manchester SK15 2EN2
£152.5K02/230.36 mi101, Wakefield Road, Stalybridge, Greater Manchester SK15 1AB2
£130K01/230.36 mi83, Wakefield Road, Stalybridge, Greater Manchester SK15 1AB2
£125K06/210.39 mi71, Spring Bank, Stalybridge, Greater Manchester SK15 2EQ2
£170K07/210.4 mi86, Forrester Drive, Stalybridge, Greater Manchester SK15 2EN2
£185K05/210.42 mi72, Spring Bank, Stalybridge, Greater Manchester SK15 2HL2
£165K06/210.44 mi2a, Hough Hill Road, Stalybridge, Greater Manchester SK15 2HB2
£119K12/200.45 mi34, Astley Street, Stalybridge, Greater Manchester SK15 2EX2
£100K05/210.45 mi25, Cambridge Street, Stalybridge, Greater Manchester SK15 1AZ2
£155K08/210.46 mi34, Wakefield Road, Stalybridge, Greater Manchester SK15 1AJ2

Local Rents

27 rents from £695/mo to £1.2K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£95004/250.05 mi-2
£85008/240.05 miOxford Street, Stalybridge2
£87503/250.06 mi-2
£1,00011/240.07 mi-2
£93504/250.08 mi-2
£80008/240.1 miCroft Street, Stalybridge2
£92503/250.11 mi-2
£85004/250.16 mi-2
£89508/240.17 miCecil Street, Stalybridge, Greater Manchester, SK152
£80008/240.18 miHuddersfield Road, Stalybridge2
£87508/240.23 miGladstone Mill, Stalybridge2
£83508/240.24 miKnowl Street, Stalybridge2
£80008/240.28 miPortland Place Mottram Road, Stalybridge, Cheshire, SK152
£69508/240.35 mi-2
£75002/250.35 mi-2
£75004/250.35 mi-2
£1,20012/240.37 mi-2
£87510/240.44 mi-2
£79508/240.45 mi-2
£99508/240.47 mi-2
£99503/250.48 mi-2
£69511/230.48 miRegency Court, Waterloo Road, Stalybridge, SK152
£95010/240.52 mi-2
£1,10010/240.52 mi-2
£70001/250.52 mi-2
£1,10008/240.54 miCastle Street, Stalybridge, Greater Manchester, SK152
£90008/240.59 mi-2

Local Area Statistics

Population in SK15

27,625

Town centre distance

0.31 miles away

Nearest school

0.20 miles away

Nearest train station

0.76 miles away

 

 

Rental growth (12m)

+27%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Listed for £175,000

February 28, 2025

Floor Plans

Description

  • Two Bedrooms +
  • Spacious Open Plan Living +
  • Ready To Move Into +
  • Communal Garden To Rear +
  • Conveniently Located +
  • Viewing Essential! +

This charming and well-presented two-bedroom mid-terrace home is an excellent choice for first-time buyers or those looking to downsize. Ideally located in a sought-after area close to Stalybridge town centre, it benefits from convenient access to local schools, excellent transport links, and Stalybridge Train Station, making commuting easy. Cheetham Park is also nearby, offering a beautiful green space for walks and relaxation.

The ground floor boasts a stylish open-plan layout, seamlessly connecting the lounge, dining area, and kitchen. The modern kitchen is well-equipped with sleek cabinetry, ample storage, and quality appliances, making it both functional and aesthetically pleasing. This bright and airy space is perfect for modern living, creating a welcoming and sociable atmosphere.

Upstairs, the first floor features two well-proportioned bedrooms, both offering comfortable living spaces, along with a contemporary bathroom. The property is tastefully decorated throughout, making it ready to move into.

To the rear, a communal garden provides outdoor space to enjoy, perfect for relaxing or socializing. With its fantastic location, modern design, and move-in-ready condition, this home is a fantastic opportunity not to be missed. Viewing Highly Recommended

Ground Floor -

Lounge - 4.22m x 3.91m (13'10" x 12'10") - Double glazed window to front, feature fireplace with inset living flame effect fire, radiator, open plan to:

Dining Area - 2.69m x 3.91m (8'10" x 12'10") - Stairs leading up tp first floor, radiator, open plan to:

Kitchen - 3.47m x 3.04m (11'5" x 10'0") - Fitted with a matching range of base and eye level units with worktop space over and matching breakfast bar, inset sink and drainer with mixer tap, tiled splashbacks, integrated fridge/freezer, plumbing for washing machine, built-in oven, built-in hob, double glazed window to rear, door leading out to rear.

First Floor -

Landing - Doors leading to:

Master Bedroom - 4.22m x 3.91m (13'10" x 12'10") - Double glazed window to front, radiator, door to storage cupboard.

Bedroom 2 - 4.46m x 2.53m (14'8" x 8'4") - Double glazed window to rear, radiator, door to storage cupboard.

Bathroom - 3.17m x 1.28m (10'5" x 4'2") - Three piece suite comprising panelled bath with shower over, wall mounted wash hand basin and low-level WC, part tiled walls, double glazed window to rear, radiator.

Outside - Communal garden to the rear.

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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