4 Bed Terraced House, Refurb/BRRR, Stockport, SK4 2LZ, £425,000

Green Lane, Heaton Norris, SK4 2LZ - 4 views - a month ago

Auction
Refurb/BRRR
~129 m²
+11 photos

ValuationFair Value

Sold Prices£264K - £730K
Sold Prices/m²£1.8K/m² - £6.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.3K/m²

Value Estimate

£425,000

 

 

End Value (After Refurb)

£468,240

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£31,200

Refurb Costs

£54,608

Bridging Loan Interest

£11,156

Total Cash In

£204,964

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£468,240

Mortgage (After Refinance)

£351,180

Mortgage LTV

75%

Cash Released

£32,430

Cash Left In

£172,534

Equity

£117,060

Rent Range

£1,150 - £2,195

Rent Estimate

£1,591

Running Costs/mo

£1,801

Cashflow/mo

£-210

Cashflow/yr

£-2,525

Gross Yield

4%

Local Sold Prices

50 sold prices from £264K to £730K, average is £485.8K. £1.8K/m² to £6.9K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£445K01/230.04 mi35, Bower Avenue, Stockport, Greater Manchester SK4 2LX4
£475K01/230.07 mi32, Nursery Road, Stockport, Greater Manchester SK4 2NE4
£404K03/210.08 mi17, Fairholme Road, Stockport, Greater Manchester SK4 2QB4
£478K12/200.12 mi74, Ashburn Road, Stockport, Greater Manchester SK4 2PU4
£348K03/210.13 mi19, The Green, Stockport, Greater Manchester SK4 2NP4
£520K04/230.14 mi8, Locksley Close, Stockport, Greater Manchester SK4 2LW4
£525K02/210.14 mi30, Locksley Close, Stockport, Greater Manchester SK4 2LW4
£520K02/210.15 mi11, Alexandra Road, Stockport, Greater Manchester SK4 2QE4
£264K03/210.15 mi8, Deneway Close, Stockport, Greater Manchester SK4 2HX4
£285K01/210.16 mi211, Green Lane, Stockport, Greater Manchester SK4 2NF4
£502K01/210.16 mi4, Ashburn Road, Stockport, Greater Manchester SK4 2PS4
£510K05/230.16 mi19, Frodsham Avenue, Stockport, Greater Manchester SK4 2NH4
£560K03/230.21 mi36, Heathcote Avenue, Stockport, Greater Manchester SK4 2QF4
£270K01/210.3 mi11, Newby Road, Stockport, Greater Manchester SK4 2JJ4
£420K06/210.32 mi56a, Heaton Road, Stockport, Greater Manchester SK4 4JH4
£665K02/230.34 mi63, Derby Road, Stockport, Greater Manchester SK4 4NG4
£505K12/200.35 mi87, Green Lane, Stockport, Greater Manchester SK4 3LH4
£565K12/220.35 mi85, Green Lane, Stockport, Greater Manchester SK4 3LH4
£460K04/210.39 mi67, Broomfield Road, Stockport, Greater Manchester SK4 4LZ4
£450K06/210.4 mi38, Wittenbury Road, Stockport, Greater Manchester SK4 3LY4
£486.5K02/210.41 mi31, Fullerton Road, Stockport, Greater Manchester SK4 4EN4
£715.4K09/210.42 mi51, Derby Road, Stockport, Greater Manchester SK4 4NF4
£385K03/210.43 mi12, Barnard Avenue, Stockport, Greater Manchester SK4 4EP4
£325K11/210.45 mi13, Church Road, Stockport, Greater Manchester SK4 1LJ4
£480K01/210.47 mi11, Silverdale Road, Stockport, Greater Manchester SK4 2RN4
£445K05/210.47 mi7, Silverdale Road, Stockport, Greater Manchester SK4 2RN4
£517.5K05/210.48 mi2, Devonshire Road, Stockport, Greater Manchester SK4 4EF4
£728K08/210.48 mi5, Norman Road, Stockport, Greater Manchester SK4 4HJ4
£510K12/220.5 mi7, Green Lane, Stockport, Greater Manchester SK4 3LE4
£545K02/210.51 mi26, Grosvenor Road, Stockport, Greater Manchester SK4 4EE4
£538K10/210.51 mi31, Albert Road, Stockport, Greater Manchester SK4 4EG4
£427K02/210.51 mi28, Albert Road, Stockport, Greater Manchester SK4 4EG4
£730K08/230.53 mi40, Derby Road, Stockport, Greater Manchester SK4 4NE4
£445K04/210.54 mi19, Moorside Road, Stockport, Greater Manchester SK4 4DT4
£610K06/210.57 mi8, Lawton Road, Stockport, Greater Manchester SK4 2RG4
£485K05/230.58 mi23, Tennyson Close, Stockport, Greater Manchester SK4 2ED4
£436K01/210.58 mi13, Tennyson Close, Stockport, Greater Manchester SK4 2ED4
£390K11/200.58 mi2, Albert Road, Stockport, Greater Manchester SK4 4EQ4
£380K02/210.58 mi10, Albert Road, Stockport, Greater Manchester SK4 4EQ4
£400K05/230.6 mi13, Bankhall Road, Stockport, Greater Manchester SK4 3JR4
£450K06/210.6 mi23, Bankhall Road, Stockport, Greater Manchester SK4 3JR4
£635K11/200.62 mi3, Cranbourne Road, Stockport, Greater Manchester SK4 4LD4
£400K01/210.64 mi5, Portland Grove, Stockport, Greater Manchester SK4 4AA4
£590K05/230.64 mi18, Rosedale Road, Stockport, Greater Manchester SK4 2QU4
£606.3K06/210.65 mi39, Shaw Road, Stockport, Greater Manchester SK4 4AG4
£546K08/210.65 mi42, Alan Road, Stockport, Greater Manchester SK4 4LE4
£500K02/210.66 mi26, Balmoral Road, Stockport, Greater Manchester SK4 4EB4
£450K06/210.67 mi296, Wellington Road North, Stockport, Greater Manchester SK4 5BT4
£595K12/200.67 mi3, Queens Close, Stockport, Greater Manchester SK4 3JL4
£595K12/200.67 mi3, Queens Close, Stockport, Greater Manchester SK4 3JL4

Local Rents

13 rents from £1.1K/mo to £2.2K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,50008/240.07 miNursery Road, Heaton Norris, Stockport3
£1,30008/240.19 mi-3
£1,92502/250.4 mi-4
£1,74002/250.4 mi-4
£2,19508/240.47 miHawthorn Grove, Heaton Moor, Greater Manchester, SK44
£1,29510/240.54 mi-3
£1,40009/240.55 miLower moat close SK43
£1,15009/240.55 miHeaton Moor Road, Heaton Moor, Stockport, SK43
£1,64508/240.56 miDidsbury Road, Heaton Mersey, Stockport, SK43
£1,35009/240.57 miHeaton Moor Road, Heaton Moor, Stockport, SK43
£1,95010/240.6 mi-4
£1,25002/240.62 mi-3
£1,98008/240.62 mi-3

Local Area Statistics

Population in SK4

34,510

Population in Stockport

181,140

Town centre distance

2.68 miles away

Nearest school

0.30 miles away

Nearest train station

0.73 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-9%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Listed for £425,000

March 14, 2025

Floor Plans

Description

  • First time on the open market +
  • Four bedrooms +
  • Period property +
  • Close to local amenities +
  • Enclosed rear garden +
  • Four reception rooms +

This truly exceptional treasure of a property has never seen the open market in its history, being custodian of the same family for nearly 100 years. Situated on a quiet cobbled street, close to well-regarded local amenities, this four-bedroom home has an absolute abundance of period character and charm throughout, befitting its Victorian-era construction. The property does require modernisation and would consequently suit a respectful buyer seeking to honour the unique context and sentimental meaning of this family home.

The ground floor consists of three delightful living rooms, each with a feature fireplace, a large offset dining room with original floor tiles, a recently fitted modern galley kitchen, a downstairs W.C., and a practical storage area under the stairs. The first floor consists of a bright landing lined with wood panelling, three excellent double bedrooms occupying both the front and rear aspects of the property (two of which also host feature fireplaces, as does the wonderful family bathroom) and a further fourth single bedroom. This utterly unique family home could only realistically be fully appreciated in person and as such we would very highly recommend booking a viewing.

It is our understanding that the property is not registered at the Land Registry which is the case with a significant proportion of land across England and Wales. Your conveyancer will take the necessary steps and advise you accordingly.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Agent Details

Gascoigne Halman, Heaton Moor

0161 524 4814

Next Steps?

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