Stockport, SK7, Bredbury

Property Details

  • Price: £150,000.00
  • Location: Bredbury
  • Region: Stockport
  • Country: Manchester
  • Reference: LOND304-PORT8
Stockport, SK7

Type – 3 Bed Terrace
Asking Price - £150,000
Status – Vacant
Refurbishment Required – Yes
Estimated Rental - £900 - £1000
Estimated Gross Rental Yield – 6.5% - 7.3%

Guide Price - £150,000
Estimated Rental Income - £900
Annual Rental Income - £10,800

Refurbishment Costs - £12,000 + VAT ( £14,400 inc VAT)

Description – A Spacious, 3 bedroom terrace house in a convenient and popular location close to all local amenities and with easy access to Manchester, Stoke and Stockport. This large period property retains many original features, and all rooms offer good proportions. Downstairs there is a large hallway with 2 reception rooms and a kitchen. Upstairs offers 2 double bedrooms plus a single along with a good size family bathroom. The property is in need of some cosmetic attention to bring it up to date but this is reflected in the asking price.
Located near to Ofsted Good rated primary schools only 0.5miles from the property offer great access to schools. The rear of the property is allotments, so it is not overlooked offering more privacy. The property also has no chain and an EPC rating of D60 which is above the minimum requirement for letting this property out.

Return on Investment

Investment - Summary
Guide Price£150,000.00
Estimated Rental Income (pcm)£900.00
Annual Rental Income£10,800.00
Investment - Cost Breakdown (Assumed 75% LTV mortgage)
Deposit Amount (25%)£37,500.00
Solicitor Fees (approx. £1,000)£1,000.00
Sourcing Fee (£3,000.00 plus VAT)£3,600.00
Refurbishment Costs:£14,400.00
Total Approx. Costs:£56,500.00
Investment - Cash Flow (Assumed 75% LTV mortage)
Gross Revenue Per Month:£900.00
Minus Costs
Lettings Fee - 10% plus VAT (fully managed by Portfolio8)£108.00
Mortgage Costs (assumed 4% interest only mortgage)£375.00
Service Charge Per Year£0.00
Ground Rent£0.00
Total Costs (per month)£483.00
Total Income£900.00
Total Costs£483.00
Net Return On Capital Employed8.86%

Image Gallery - Stockport, SK7

Portfolio8 - Property Investment