# 8 bedroom apartment for sale (SK6 6BH)

## Property Details

| Key | Value |
|-----|-------|
| Address | Joseph Street, Marple, Stockport, Cheshire, SK6 6BH |
| Price | £1,175,000 |
| Bathrooms | 4 |

## Description

Located in the heart of Marple this unique development comprises 4 stunning residential apartments spanning across the first and second floors 1, 2, 4 & 6 Joseph Street these are all currently let out on varying lease start dates which we can confirm details of to interested parties. To the ground floor are three commercial premises (businesses unaffected) all currently let again with details of the leases available with the premises currently being used as a Hair salon, Pilates studio and an office.The total currently monthly rent roll for the development is £5,915pcm or £70,980 PA = 6% Gross Yield Per Annum. There is scope for increase on the current rents and we believe circa 7% Gross Yield can be achieved. 

Close to local amenities including shops, bars and restaurants plus the canal only a short walk away and stunning countryside. This is a unique opportunity to purchase a ready made income generating investment in a prime location. Please contact our office for further details. 

## Property Photos

- ![Photo](/listings/photos/157173857/67536)
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## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| CHAPEL COURT 4 CHADWICK STREET, MARPLE, STOCKPORT, GREATER MANCHESTER, SK6 7AX | £125,000 | 11/10/2022 | Flat |

**Area average:** £125,000 (1 sale)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £211,000 (12 Flat, SK6, 2024–2026)
- **Deviation:** +456.9%

## Rental Range

*ONS Price Index of Private Rents (Stockport). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £995/mo
- **Realistic:** £1,105/mo
- **Optimistic:** £1,216/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Oldham & Rochdale (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 |
|------|------|------|------|------|
| 1 Bed Flat, Marple Bank Apartments, SK6 | £1,075/mo | 1 | 0.12 miles | OpenRent |
| 1 Bed Flat, Marple Bank Apartments, SK6 | £1,250/mo | 1 | 0.12 miles | OpenRent |
| Studio Flat, Marple, SK6 | £450/mo | 1 | 0.14 miles | OpenRent |
| 1 Bed Flat, Stockport Road, SK6 | £995/mo | 1 | 0.31 miles | OpenRent |
| 1 Bed Flat, Lower Fold, SK6 | £900/mo | 1 | 0.64 miles | OpenRent |
| 1 Bed Flat, Lower Fold, SK6 | £650/mo | 1 | 0.7 miles | OpenRent |
| 1 Bed Flat, Newton Villa, SK6 | £695/mo | 1 | 0.7 miles | OpenRent |

**Average rent: £859/mo (7 listings)**

## 1% Rule

- **Rent ratio:** 0.08% (weak for cashflow)
- **Max investor price (0.8%):** £112,500
- **Target investor price (1%):** £90,000

*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 £900/mo).*

- **Gross yield:** 0.9%
- **Cost-to-rent:** 108.8×
- **Monthly cashflow:** £-3,842/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -13.5%

*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:** -22.3%
- **10y growth:** 77.7%

## House Price Index (HM Land Registry)

*Official index for Stockport; Flats and maisonettes series; as of May 2026.*

- **1y growth (index):** 1.9%
- **5y growth (index):** 14.2%
- **10y growth (index):** 45.6%

## 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)