According to the public record, Flat 3, The Cedars 2, Stockport is a modern leasehold apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in The Cedars, Cedar Grove, Stockport, SK4.
Cedar Grove, Stockport, SK4 is located in the borough of Stockport within the SK4 postal district.
Flat 3, The Cedars 2, Stockport has 31 entries in the Land Registry database, most recently in March 2015 and a single entry in the EPC database dated December 2013.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 3 The Cedars 2 Stockport as £179,678 and the rental value as £1,028 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of Flat 3 The Cedars 2 Stockport has increased by £7,436 (4.1%) and its rental value has increased by £69 per month (6.7%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 3, The Cedars 2, Stockport is in very good condition we estimate a sale value of £188,662 and rental value of £1,079 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £167,100 and a rental value of £956 per month.
If you were able to purchase this property for the estimated value of £179,678, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £883 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, Flat 3, The Cedars 2, Stockport was last sold on 06 Mar 2015 for £117,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Mar 2015, the market for similar properties has risen 51.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, The Cedars 2, Stockport within a radius of 480 metres over the last 2 years.
The most recent example is Flat 4, The Cedars 2, Cedar Grove, Stockport, SK4 4RN, a Leasehold flat which sold for £165,000 in May 2023.
Read more about house prices in SK4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cedar Grove, Stockport, SK4 has a total of 24 addresses. According to our analysis of all the public data, Flat 3, The Cedars 2, Stockport is the 23rd largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £193k less expensive than the average property in SK4.
Flat 3, The Cedars 2, Stockport has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 04 Dec 2013.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 3, The Cedars 2, Stockport is Heaton Chapel station which is 100 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 3, The Cedars 2, Stockport, 52.5% of property is privately owned with a mortgage and 34.2% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Flat 3, The Cedars 2, Stockport, 25.3% of residents are recorded as possessing school level qualifications and 59.9% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 3, The Cedars 2, Stockport, the average age was 42 and the most common age was 37.
The graph below shows how this compares to North West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Flat 3, The Cedars 2, Stockport, 1.8% of property was a second home.
Comparison figures for North West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Flat 3, The Cedars 2, Stockport, there are an average of 1.5 cars per household.
See below for how this compares to North West and the rest of England & Wales.