# 28 bedroom apartment for sale (SK5 6FX) ## Property Details | Key | Value | |-----|-------| | Address | 24 Units, Elisabeth Gardens, Stockport, SK5 6FX | | Price | £3,000,000 | | Bathrooms | 22 | ## Description All of these tenancies are managed by NPP Residential, providing a lucrative opportunity for buy-to-let investors seeking a hassle-free experience and steady rate of income. Units include; * 17 x one-bed apartments * 2 x two-bed apartments * 1 x two-bed duplex apartment * 2 x two-bed townhouses with office space * 2 x three-bed townhouses * Private parking spaces included with some If you are interested and would like more information then please get in touch today. Tenure: Leasehold (243 years) ## Property Photos - ![Photo](/listings/photos/155236760/51210) - ![Photo](/listings/photos/155236760/51211) - ![Photo](/listings/photos/155236760/51212) - ![Photo](/listings/photos/155236760/51213) - ![Photo](/listings/photos/155236760/51214) - ![Photo](/listings/photos/155236760/51215) - ![Photo](/listings/photos/155236760/51216) - ![Photo](/listings/photos/155236760/51217) - ![Photo](/listings/photos/155236760/51218) - ![Photo](/listings/photos/155236760/51219) - ![Photo](/listings/photos/155236760/51220) - ![Photo](/listings/photos/155236760/51221) - ![Photo](/listings/photos/155236760/51222) - ![Photo](/listings/photos/155236760/51224) - ![Photo](/listings/photos/155236760/51232) - ![Photo](/listings/photos/155236760/51235) - ![Photo](/listings/photos/155236760/51237) - ![Photo](/listings/photos/155236760/51239) ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | ELISABETH MILL APARTMENT 109 ELISABETH GARDENS, STOCKPORT, GREATER MANCHESTER, SK5 6FW | £155,000 | 13/01/2026 | Flat | | CHAPEL HOUSE, 31 FLAT 6 PRIORY LANE, STOCKPORT, GREATER MANCHESTER, SK5 6HL | £160,000 | 16/12/2025 | Flat | | VICTORIA MILL FLAT 7 HOULDSWORTH STREET, REDDISH, STOCKPORT, GREATER MANCHESTER, SK5 6AR | £100,000 | 15/12/2025 | Flat | | 15 FAIRWAY VIEW, STOCKPORT, GREATER MANCHESTER, SK5 6GD | £180,000 | 15/12/2025 | Flat | | ELISABETH MILL APARTMENT 318 ELISABETH GARDENS, STOCKPORT, GREATER MANCHESTER, SK5 6FX | £125,000 | 11/07/2025 | Flat | | ELISABETH MILL APARTMENT 15 ELISABETH GARDENS, STOCKPORT, GREATER MANCHESTER, SK5 6FW | £171,000 | 01/12/2023 | Flat | | ELISABETH MILL APARTMENT 101 ELISABETH GARDENS, STOCKPORT, GREATER MANCHESTER, SK5 6FW | £185,000 | 08/11/2023 | Flat | | VICTORIA MILL FLAT 30 HOULDSWORTH STREET, REDDISH, STOCKPORT, GREATER MANCHESTER, SK5 6AR | £145,000 | 13/10/2023 | Flat | | ELISABETH MILL APARTMENT 110 ELISABETH GARDENS, STOCKPORT, GREATER MANCHESTER, SK5 6FW | £170,000 | 30/06/2023 | Flat | | ELISABETH MILL APARTMENT 412 ELISABETH GARDENS, STOCKPORT, GREATER MANCHESTER, SK5 6FX | £145,000 | 30/06/2023 | Flat | | VICTORIA MILL FLAT 94 HOULDSWORTH STREET, REDDISH, STOCKPORT, GREATER MANCHESTER, SK5 6AR | £130,000 | 31/05/2023 | Flat | | ELISABETH MILL APARTMENT 113 ELISABETH GARDENS, STOCKPORT, GREATER MANCHESTER, SK5 6FW | £200,000 | 16/12/2022 | Flat | | ELISABETH MILL APARTMENT 312 ELISABETH GARDENS, STOCKPORT, GREATER MANCHESTER, SK5 6FX | £140,000 | 16/12/2022 | Flat | | ELISABETH MILL APARTMENT 115 ELISABETH GARDENS, STOCKPORT, GREATER MANCHESTER, SK5 6FW | £167,000 | 09/12/2022 | Flat | | ELISABETH MILL APARTMENT 12 ELISABETH GARDENS, STOCKPORT, GREATER MANCHESTER, SK5 6FW | £210,000 | 04/11/2022 | Flat | | ELISABETH MILL APARTMENT 102 ELISABETH GARDENS, STOCKPORT, GREATER MANCHESTER, SK5 6FW | £167,500 | 28/10/2022 | Flat | | VICTORIA MILL FLAT 32 HOULDSWORTH STREET, REDDISH, STOCKPORT, GREATER MANCHESTER, SK5 6AR | £105,000 | 14/10/2022 | Flat | | ELISABETH MILL APARTMENT 208 ELISABETH GARDENS, STOCKPORT, GREATER MANCHESTER, SK5 6FW | £166,000 | 30/09/2022 | Flat | | VICTORIA MILL FLAT 153 HOULDSWORTH STREET, REDDISH, STOCKPORT, GREATER MANCHESTER, SK5 6AX | £196,000 | 22/08/2022 | Flat | | ELISABETH MILL APARTMENT 209 ELISABETH GARDENS, STOCKPORT, GREATER MANCHESTER, SK5 6FW | £170,000 | 16/08/2022 | Flat | **Area average:** £159,375 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £151,875 (8 Flat, SK5, 2024–2026) - **Deviation:** +1875.3% ## Rental Range *ONS Price Index of Private Rents (Stockport). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £986/mo - **Realistic:** £1,095/mo - **Optimistic:** £1,205/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for West Pennine (Apr 2025 – Mar 2026).* ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 2 Bed Terraced House, Oldham Street, SK5 | £1,100/mo | 2 | 0.23 miles | OpenRent | | 2 Bed Flat, Gorton Road, SK5 | £825/mo | 2 | 0.56 miles | OpenRent | | 6 Bed Terraced House, Gorton Road, SK5 | £725/mo | 6 | 0.73 miles | OpenRent | | 2 Bed Flat, Lloyd Road, M19 | £1,050/mo | 2 | 0.76 miles | OpenRent | | 1 Bed Flat, Gorton Road, SK5 | £850/mo | 1 | 0.76 miles | OpenRent | | 2 Bed Terraced House, Lostock Avenue, M19 | £1,125/mo | 2 | 0.81 miles | OpenRent | | 1 Bed Flat, Heaton Chapel, SK4 | £545/mo | 1 | 0.83 miles | OpenRent | | Studio Flat, Stockport Road, M19 | £700/mo | 1 | 0.93 miles | OpenRent | | 2 Bed Flat, Langdale Avenue, M19 | £1,100/mo | 2 | 0.98 miles | OpenRent | | 2 Bed Bungalow, Windmill Lane, M34 | £1,250/mo | 2 | 1.01 miles | OpenRent | **Average rent: £927/mo (10 listings)** ## 1% Rule - **Rent ratio:** 0.03% (weak for cashflow) - **Max investor price (0.8%):** £118,750 - **Target investor price (1%):** £95,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £950/mo).* - **Gross yield:** 0.4% - **Cost-to-rent:** 263.2× - **Monthly cashflow:** £-10,984/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -15.2% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 3.3% - **10y growth:** 42.4% ## House Price Index (HM Land Registry) *Official index for Stockport; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** 0.7% - **5y growth (index):** 11.4% - **10y growth (index):** 46.6% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)