2 Bed Terraced House, Refurb/BRRR, Stockport, SK3 0DL, £125,000

51 Gradwell Street, Edgeley, Stockport, SK3 0DL - 2 views - 22 days ago

Auction
Refurb/BRRR
ROI: 6%
~68 m²
+4 photos

ValuationFair Value

Sold Prices£128.5K - £245K
Sold Prices/m²£1.6K/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£126,250

 

 

End Value (After Refurb)

£163,767

Uplift in Value

+31%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£7,450

Refurb Costs

£28,709

Bridging Loan Interest

£3,281

Total Cash In

£72,440

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£163,767

Mortgage (After Refinance)

£122,825

Mortgage LTV

75%

Cash Released

£29,075

Cash Left In

£43,365

Equity

£40,942

Rent Range

£900 - £1,580

Rent Estimate

£1,100

Running Costs/mo

£752

Cashflow/mo

£348

Cashflow/yr

£4,179

ROI

6%

Gross Yield

11%

Local Sold Prices

53 sold prices from £128.5K to £245K, average is £176.5K. £1.6K/m² to £3.5K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£183K05/210.03 mi23, Gradwell Street, Stockport, Greater Manchester SK3 0DL2
£175K12/210.06 mi4, Pitt Street, Stockport, Greater Manchester SK3 9EH2
£177K05/230.06 mi12, Pitt Street, Stockport, Greater Manchester SK3 9EH2
£192K04/230.06 mi2, Aberdeen Crescent, Stockport, Greater Manchester SK3 9EJ2
£220K09/230.06 mi22, Aberdeen Crescent, Stockport, Greater Manchester SK3 9EJ2
£220K09/230.06 mi22, Aberdeen Crescent, Stockport, Greater Manchester SK3 9EJ2
£201K07/210.07 mi30, Aberdeen Crescent, Stockport, Greater Manchester SK3 9EP2
£160K01/210.08 mi75, York Street, Stockport, Greater Manchester SK3 9EQ2
£192K03/210.1 mi16, Chatham Street, Stockport, Greater Manchester SK3 9ED2
£195.5K11/200.11 mi1, Fox Street, Stockport, Greater Manchester SK3 9EL2
£176K10/210.14 mi2a, Derby Street, Stockport, Greater Manchester SK3 9HF2
£182.5K09/230.14 mi15, Derby Street, Stockport, Greater Manchester SK3 9HF2
£182.5K09/230.14 mi15, Derby Street, Stockport, Greater Manchester SK3 9HF2
£130K07/210.15 mi12, Derby Street, Stockport, Greater Manchester SK3 9HF2
£176.5K01/210.16 mi67, Bowdon Street, Stockport, Greater Manchester SK3 9HG2
£145K02/210.18 mi33, Stopford Street, Stockport, Greater Manchester SK3 9HE2
£212.5K12/220.19 mi8, Yule Street, Stockport, Greater Manchester SK3 9LB2
£217.5K03/230.2 mi20, Yule Street, Stockport, Greater Manchester SK3 9LB2
£152K05/210.21 mi21, Yule Street, Stockport, Greater Manchester SK3 9LB2
£180K05/230.21 mi62, Yule Street, Stockport, Greater Manchester SK3 9LB2
£205K08/230.21 mi60, Yule Street, Stockport, Greater Manchester SK3 9LB2
£205K08/230.21 mi60, Yule Street, Stockport, Greater Manchester SK3 9LB2
£245K04/230.22 mi123, Chatham Street, Stockport, Greater Manchester SK3 9JT2
£165K10/200.23 mi7, Atherton Street, Stockport, Greater Manchester SK3 9JN2
£193.3K11/210.23 mi2, Earl Street, Stockport, Greater Manchester SK3 9JZ2
£156.1K01/210.24 mi21, Farr Street, Stockport, Greater Manchester SK3 9LD2
£216K12/220.26 mi10, Freemantle Street, Stockport, Greater Manchester SK3 9LF2
£179K02/230.26 mi45, Freemantle Street, Stockport, Greater Manchester SK3 9LF2
£189.9K12/200.27 mi13, Hartley Street, Stockport, Greater Manchester SK3 9JW2
£217.5K04/230.27 mi49, Bloom Street, Stockport, Greater Manchester SK3 9LE2
£167K05/210.28 mi161, Chatham Street, Stockport, Greater Manchester SK3 9JU2
£167K06/210.28 mi159, Chatham Street, Stockport, Greater Manchester SK3 9JU2
£128.5K11/200.28 mi26, Freemantle Street, Stockport, Greater Manchester SK3 9LF2
£137K01/210.28 mi4, Freemantle Street, Stockport, Greater Manchester SK3 9LF2
£155.5K03/210.28 mi3, Freemantle Street, Stockport, Greater Manchester SK3 9LF2
£166K05/210.28 mi55, Freemantle Street, Stockport, Greater Manchester SK3 9LF2
£137.5K11/200.28 mi11, Torkington Street, Stockport, Greater Manchester SK3 9JS2
£156.5K11/200.28 mi52, Torkington Street, Stockport, Greater Manchester SK3 9JS2
£242.5K01/230.28 mi20, Torkington Street, Stockport, Greater Manchester SK3 9JS2
£139K02/210.28 mi38, Thomson Street, Stockport, Greater Manchester SK3 9DR2
£180K11/210.28 mi32, Thomson Street, Stockport, Greater Manchester SK3 9DR2
£186K03/230.28 mi132, Old Chapel Street, Stockport, Greater Manchester SK3 9JL2
£166.5K04/230.28 mi167, Old Chapel Street, Stockport, Greater Manchester SK3 9JL2
£150K02/210.29 mi6, Greenhill Street, Stockport, Greater Manchester SK3 9JP2
£134K11/200.3 mi1, Lark Hill Road, Stockport, Greater Manchester SK3 9PW2
£224K08/230.3 mi11, Lark Hill Road, Stockport, Greater Manchester SK3 9PW2
£163.5K06/210.32 mi40, Cunliffe Street, Stockport, Greater Manchester SK3 9LG2
£163K01/210.33 mi49, Carmichael Street, Stockport, Greater Manchester SK3 9JR2
£175K06/230.33 mi52, Carmichael Street, Edgeley, Stockport, Greater Manchester SK3 9JR2
£183.2K07/230.33 mi41, Carmichael Street, Edgeley, Stockport, Greater Manchester SK3 9JR2
£150K03/210.33 mi16, Arnold Street, Stockport, Greater Manchester SK3 9BN2
£168K10/200.34 mi70, Adelaide Road, Stockport, Greater Manchester SK3 9LP2
£175K07/210.34 mi85, Adelaide Road, Edgeley, Stockport, Greater Manchester SK3 9LP2

Local Rents

50 rents from £900/mo to £1.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,00012/240.09 mi-2
£99512/240.1 mi-2
£1,14001/250.12 mi-2
£99511/240.16 mi-2
£99504/250.16 mi-2
£1,02008/240.16 mi-2
£99508/240.21 miOld Chapel Street, Stockport, Cheshire, SK32
£97508/240.22 mi-2
£90008/240.23 mi-2
£99501/250.24 mi-2
£97511/240.24 mi-2
£1,10012/240.24 miFarr Street, Stockport, SK32
£1,05012/240.25 mi-2
£1,05008/240.25 mi-2
£1,05012/240.25 miChatham Street, Edgeley, Stockport, SK32
£95008/240.26 miCastle street, Edgeley SK32
£1,00012/240.26 miCastle street Edgeley, SK32
£1,30012/240.26 miHartley Street, Edgeley, Stockport, Greater Manchester, SK32
£1,10012/240.27 mi-2
£1,20012/240.27 mi-2
£1,15008/240.27 mi-2
£99508/240.28 miFreemantle Street, Edgeley, Stockport, SK32
£99508/240.28 miFreemantle Street, Edgeley , Stockport2
£1,10012/240.28 miHarper Street, Stockport, Cheshire, SK32
£1,15012/240.28 miHarper Street, Stockport, Greater Manchester, SK32
£92508/240.28 miTorkington Street,Edgeley SK32
£1,20004/250.28 mi-2
£1,20008/240.28 mi-2
£97503/250.28 mi-2
£99511/230.29 miThomson Street, Edgeley, Stockport, SK32
£97512/240.29 mi-2
£1,35012/240.29 miThe Interchange, Daw Bank, Stockport, SK32
£1,40012/240.29 miThe Interchange, Daw Bank, Stockport, SK32
£1,47512/240.29 miThe Interchange, Daw Bank, Stockport, SK32
£1,35012/240.29 miThe Interchange, Daw Bank, Stockport, SK32
£1,54012/240.29 miThe Interchange, Daw Bank, Stockport, SK32
£1,35012/240.29 miThe Interchange, Daw Bank, Stockport, SK32
£1,45012/240.29 miThe Interchange, Daw Bank, SK32
£1,46512/240.29 miThe Interchange, Daw Bank, Stockport, SK32
£1,50012/240.29 miDaw Bank, Stockport, SK32
£1,37512/240.29 miDaw Bank, Stockport, SK32
£1,37512/240.29 miThe Interchange, Daw Bank, Stockport SK32
£1,35012/240.29 miThe Interchange, Daw Bank, Stockport, SK32
£1,37512/240.29 miThe Interchange, Daw Bank, Stockport, SK32
£90008/240.3 miTorkington Street, Edgeley, Stockport, SK32
£99508/240.32 miMercian Way, Stockport, Cheshire, SK32
£1,58012/240.32 miThe Interchange, Stockport, SK32
£1,42512/240.32 miThe Interchange, Stockport, SK32
£1,42512/240.32 miThe Interchange, Daw Bank, Stockport, Greater Manchester, SK32
£1,46512/240.32 miThe Interchange, Daw Bank, Stockport, Greater Manchester, SK32

Local Area Statistics

Population in SK3

27,923

Population in Stockport

181,140

Town centre distance

1.97 miles away

Nearest school

0.10 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Listed for £125,000

March 24, 2025

Floor Plans

Description

  • TO BE SOLD BY ONLINE AUCTION +
  • HUGE INVESTMENT POTENTIAL +
  • DESIRABLE LOCATION +
  • VACANT POSSESSION +
  • TWO RECEPTION ROOMS +
  • CELLAR +

TO BE SOLD BY ONLINE AUCTION ON 23RD APRIL 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS 51 Gradwell Street, Edgeley, Stockport, SK3 0DL This spacious two-bedroom terraced property presents an excellent investment opportunity for buyers looking for a project in a highly desirable location. Requiring modernisation, this home offers potential for refurbishment, whether for resale, rental, or personal use. The property comprises an entrance hall, two reception rooms, kitchen, fully tanked out cellar and a rear yard with more private garden space behind past the alley way, upstairs comprises two large double bedrooms and a bathroom. Sold as seen in vacant possession, EPC on order. VIRTUAL VIEWING AVAILABLE Here are some similar properties taken from Land Registry which have sold close by: 11, Gradwell Street, Stockport, SK3 0DL Sold - 26/06/2024 £195,000 0.06 mi 22, Aberdeen Crescent, Stockport, SK3 9EJ Sold - 08/09/2023 £220,000 0.04 mi 15, Fox Street, Stockport, SK3 9EL Sold - 08/11/2024 £215,926 0.08 mi Similar property rental values in the area are in the region of £1100 - 1350 per month.  Located just a stone’s throw from Hollywood Park, the property is within walking distance of a variety of local amenities, including shops, cafes, and restaurants. Excellent transport links are also close by, with Stockport Station and the M60 motorway providing easy access to Manchester and beyond. This property is ideal for investors, landlords, or buyers looking to renovate and flip for a profit. Don't miss out – enquire today to arrange a viewing!

Agent Details

Edward Mellor Ltd, Auction

0161 524 2443

Next Steps?

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