According to the public record, Flat 4, 38, Lea Road, Stockport is a period leasehold apartment with 691 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 38, Lea Road, Stockport, SK4.
Lea Road, Stockport, SK4 is located in the borough of Stockport within the SK4 postal district.
Flat 4, 38, Lea Road, Stockport has 51 entries in the Land Registry database, most recently in April 2021 and a single entry in the EPC database dated December 2011.
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 4 38 Lea Road Stockport as £222,266 and the rental value as £1,189 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 4 38 Lea Road Stockport has increased by £12,083 (5.4%) and its rental value has increased by £93 per month (7.8%).
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 4, 38, Lea Road, Stockport is in very good condition we estimate a sale value of £233,379 and rental value of £1,249 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £206,707 and a rental value of £1,106 per month.
If you were able to purchase this property for the estimated value of £222,266, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,092 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 4, 38, Lea Road, Stockport was last sold on 07 Apr 2021 for £160,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Apr 2021, the market for similar properties has risen 14.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, 38, Lea Road, Stockport within a radius of 490 metres over the last 2 years.
The most recent example is 12 Parsonage Court, Heaton Moor Road, Stockport, SK4 4LH, a Leasehold flat which sold for £210,000 in Mar 2024.
Read more about house prices in SK4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lea Road, Stockport, SK4 has a total of 81 addresses. According to our analysis of all the public data, Flat 4, 38, Lea Road, Stockport is the 52nd largest and the 63rd most expensive property on the street.
When compared to the postcode district it is £150k less expensive than the average property in SK4.
Flat 4, 38, Lea Road, Stockport has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Dec 2011.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to Flat 4, 38, Lea Road, Stockport is Heaton Chapel station which is 400 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 4, 38, Lea Road, Stockport, 36.4% of property is privately rented and 34.9% is privately owned with a mortgage.
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 4, 38, Lea Road, Stockport, 18.2% of residents are recorded as possessing school level qualifications and 61.2% 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 4, 38, Lea Road, Stockport, the average age was 41.9 and the most common age was 47.
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 4, 38, Lea Road, Stockport, 3.0% 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 4, 38, Lea Road, Stockport, there are an average of 1.4 cars per household.
See below for how this compares to North West and the rest of England & Wales.