2 Bed Terraced House, Refurb/BRRR, Bredbury, SK6 2NP, £220,000

Forbes Street, Bredbury, SK6 2NP - a month ago

Refurb/BRRR
ROI: 2%
~68 m²
+23 photos

ValuationOvervalued

Sold Prices£125K - £324K
Sold Prices/m²£1.7K/m² - £5.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£196,094

 

 

End Value (After Refurb)

£193,125

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£12,200

Refurb Costs

£28,800

Bridging Loan Interest

£5,775

Total Cash In

£103,525

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£193,125

Mortgage (After Refinance)

£144,844

Mortgage LTV

75%

Cash Left In

£103,525

Equity

£48,281

Rent Range

£775 - £1,300

Rent Estimate

£1,000

Running Costs/mo

£824

Cashflow/mo

£176

Cashflow/yr

£2,118

ROI

2%

Gross Yield

5%

Local Sold Prices

51 sold prices from £125K to £324K, average is £190K. £1.7K/m² to £5.7K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£172K12/200.05 mi11, Kingsway, Bredbury, Stockport, Greater Manchester SK6 2NS2
£175K06/230.14 mi70, Vernon Road, Bredbury, Stockport, Greater Manchester SK6 2NX2
£196K05/230.14 mi62, Vernon Road, Bredbury, Stockport, Greater Manchester SK6 2NX2
£210K01/230.14 mi33, Marina Road, Bredbury, Stockport, Greater Manchester SK6 2PR2
£160K12/200.15 mi55, Woodbank Avenue, Bredbury, Stockport, Greater Manchester SK6 2PE2
£189.9K02/210.15 mi44, Woodbank Avenue, Bredbury, Stockport, Greater Manchester SK6 2PE2
£202K07/210.15 mi52, Woodbank Avenue, Bredbury, Stockport, Greater Manchester SK6 2PE2
£175K12/200.16 mi90, Kingsway, Bredbury, Stockport, Greater Manchester SK6 2PB2
£170K02/210.16 mi82, Kingsway, Bredbury, Stockport, Greater Manchester SK6 2PB2
£185K07/210.16 mi13, Edward Avenue, Bredbury, Stockport, Greater Manchester SK6 2PQ2
£137K10/200.17 mi196, Stockport Road East, Bredbury, Stockport, Greater Manchester SK6 2AQ2
£213.5K02/230.2 mi6, Hawthorne Grove, Bredbury, Stockport, Greater Manchester SK6 2PJ2
£187K12/200.21 mi59, The Broadway, Bredbury, Stockport, Greater Manchester SK6 2PD2
£236.5K01/230.23 mi65, The Broadway, Bredbury, Stockport, Greater Manchester SK6 2PD2
£190K05/210.24 mi10, The Broadway, Bredbury, Stockport, Greater Manchester SK6 2NZ2
£201K05/230.32 mi23, Queens Road, Bredbury, Stockport, Greater Manchester SK6 1DZ2
£178.5K03/210.34 mi33, Redhouse Lane, Bredbury, Stockport, Greater Manchester SK6 1BX2
£172.3K03/210.36 mi72, Stockport Road East, Bredbury, Stockport, Greater Manchester SK6 1AL2
£150K11/210.37 mi11, Thomas Street, Bredbury, Stockport, Greater Manchester SK6 2LZ2
£187.5K06/230.37 mi15, Thomas Street, Bredbury, Stockport, Greater Manchester SK6 2LZ2
£240K09/210.39 mi1, Muirfield Avenue, Bredbury, Stockport, Greater Manchester SK6 1DD2
£190K06/210.4 mi70, Hayfield Road, Bredbury, Stockport, Greater Manchester SK6 1DE2
£212.5K06/230.4 mi56, Brookfield Avenue, Bredbury, Stockport, Greater Manchester SK6 1DF2
£187K12/200.4 mi47, Highfield Avenue, Romiley, Stockport, Greater Manchester SK6 3BZ2
£230K12/200.43 mi47, George Lane, Bredbury, Stockport, Greater Manchester SK6 1AT2
£192K05/230.43 mi37, George Lane, Bredbury, Stockport, Greater Manchester SK6 1AS2
£190K10/210.45 mi5, Higson Avenue, Romiley, Stockport, Greater Manchester SK6 3DB2
£206K11/200.45 mi17, Fortyacre Drive, Bredbury, Stockport, Greater Manchester SK6 2EZ2
£176.3K03/210.48 mi18, Yew Tree Drive, Bredbury, Stockport, Greater Manchester SK6 2HJ2
£182K03/230.53 mi221, George Lane, Bredbury, Stockport, Greater Manchester SK6 1DJ2
£210.5K02/230.61 mi68, Osborne Street, Bredbury, Stockport, Greater Manchester SK6 2DA2
£220K06/230.61 mi90, Osborne Street, Bredbury, Stockport, Greater Manchester SK6 2DA2
£194K05/230.61 mi58, Osborne Street, Bredbury, Stockport, Greater Manchester SK6 2DA2
£175K03/210.63 mi40, Doric Avenue, Bredbury, Stockport, Greater Manchester SK6 2DQ2
£225K12/200.63 mi39, Langdale Road, Woodley, Stockport, Greater Manchester SK6 1BH2
£225K06/210.63 mi70, Langdale Road, Woodley, Stockport, Greater Manchester SK6 1BH2
£247K04/210.66 mi8, Grizedale Road, Woodley, Stockport, Greater Manchester SK6 1BQ2
£182K04/210.68 mi92, Annable Road, Bredbury, Stockport, Greater Manchester SK6 2DF2
£187.5K01/210.69 mi36, Sandringham Road, Bredbury, Stockport, Greater Manchester SK6 2EL2
£195K01/210.69 mi1, Ennerdale Road, Woodley, Stockport, Greater Manchester SK6 1BJ2
£324K06/230.69 mi5, Ennerdale Road, Woodley, Stockport, Greater Manchester SK6 1BJ2
£125K11/200.74 mi47, Smithy Green, Woodley, Stockport, Greater Manchester SK6 1NG2
£125K05/210.74 mi31, Smithy Green, Woodley, Stockport, Greater Manchester SK6 1NG2
£190K08/230.74 mi35, Smithy Green, Woodley, Stockport, Greater Manchester SK6 1NG2
£190K08/230.74 mi35, Smithy Green, Woodley, Stockport, Greater Manchester SK6 1NG2
£251.5K05/230.74 mi8, Quarry Street, Woodley, Stockport, Greater Manchester SK6 1NQ2
£130K06/210.75 mi148, Hyde Road, Woodley, Stockport, Greater Manchester SK6 1NL2
£183K03/210.76 mi4, Annable Road, Bredbury, Stockport, Greater Manchester SK6 2DE2
£235K01/210.77 mi19, Powicke Drive, Romiley, Stockport, Greater Manchester SK6 3EG2
£230K03/230.8 mi15, Howard Close, Romiley, Stockport, Greater Manchester SK6 3BH2
£181K07/210.8 mi6, Agecroft Road, Romiley, Stockport, Greater Manchester SK6 3HT2

Local Rents

18 rents from £775/mo to £1.3K/mo, average is £980/mo.

RentDateDistanceAddressBeds 
£1,15012/240.02 mi-2
£1,30011/240.04 mi-2
£1,10011/240.04 mi-2
£82508/240.09 miLauren Court, 38 Lower Bents Lane, Bredbury, Stockport, SK62
£87508/240.09 miLauren Court, Bredbury, Stockport, SK62
£77507/240.1 mi-2
£77504/250.1 mi-2
£80008/240.1 mi-2
£77508/240.1 mi-2
£96008/240.2 mi-2
£1,00012/230.23 mi-2
£80012/240.25 miChamberlain Gardens, Stockport, SK6 1BR2
£1,20012/240.31 mi-2
£1,10012/240.34 miWeybourne Drive, Bredbury, Stockport, SK6 2DN2
£1,15008/240.4 mi-2
£1,05008/240.48 miGeorge Lane, Bredbury, Stockport2
£77512/240.48 miBerrycroft Lane, Bredbury, Stockport2
£1,00008/240.55 miBarrack Hill, Romiley2

Local Area Statistics

Population in SK6

50,689

Town centre distance

0.39 miles away

Nearest school

0.40 miles away

Nearest train station

0.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £220,000

March 14, 2025

Description

  • Completely Renovated Throughout FREEHOLD Home +
  • MODERNISED and Finished to a HIGH STANDARD +
  • Two LARGE Reception Rooms and MODERN Kitchen +
  • Paved Rear Garden - Larger than the Average +
  • Situated in a 'QUIET' Cul-de-Sac +
  • Close to Train Station & Motorway Links +

Are you looking for a LARGER THAN THE AVERAGE two-bedroom terrace that boasts TWO RECEPTION ROOMS, has been recently COMPLETELY RENOVATED and MODERNISED throughout to a HIGH STANDARD? - Not to mention can be found on a 'quiet' CUL-DE-SAC within walking distance to Bredbury Train Station and schools?

If so, then look no further... this STYLISH and IMMACULATELY PRESENTED freehold home boasts GREAT SIZED ROOMS throughout including TWO LARGE RECEPTION ROOMS, a MODERN KITCHEN that was NEWLY FITTED in 2023, a separate UTILITY/additional kitchen area, a separate porch, ample STORAGE space, two large, DOUBLE bedrooms and a MODERN BATHROOM.

Ideal for FIRST TIME BUYERS and young professionals, because it is in READY TO MOVE INTO condition due to the recent MODERNISATION. The current owners bought the property through Edward Mellor and since then have made us aware that the property has been completely renovated including REPLASTERED throughout the home (2024), redecoration, a full REWIRE (2023), NEW FLOORING throughout the house, a new kitchen, modernisation of the bathroom, NEW INTERNAL DOORS (2024), a new FRONT DOOR, newly installed uPVC double glazed windows throughout, a NEW BOILER (2022) and all NEW RADIATORS throughout - making this one NOT TO BE MISSED!

Externally benefitting from a FRONT GARDEN and a GENEROUSLY SIZED, paved REAR GARDEN making it LOW MAINTENANCE and larger than the average for a terrace home in the area.

The property has street parking and it is always 'easy to park'.

The home is located conveniently off Lower Bents Lane with 'friendly neighbours' and is within easy reach of a wide range of local amenities including FANTASTIC transport links, shops, Woodley Precinct, reputable SCHOOLS and scenic walks along Werneth Low and the Peak District Canal which is a short walk away - making it perfect for a wide range of buyers including first-time buyers, couples, young professionals and families.

For the commuter, there are bus routes to Stockport Town Centre that can be found on Lower Bents Lane, Bredbury Train Station is less than a 10-minute walk away which gets you into the vibrant Manchester City Centre in under 20 minutes and there is easy reach to the M60 Motorway that connects you to the rest of the North West.

As well as the property being perfect for a growing family home, it could also be a brilliant BUY-TO-LET Investment opportunity, with a potential monthly rental income of around £1000 a month, due to the convenient location.

Please get in touch with the Edward Mellor Woodley Branch to arrange a viewing as soon as possible. It is definitely one to see in person, to imagine yourself living here and to make it your own home.

Agent Details

Edward Mellor Ltd, Woodley

0161 524 7283

Next Steps?

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