# 2 bedroom apartment for sale (SK4 2LS) ## Property Details | Key | Value | |-----|-------| | Address | 20 STITCH LANE, STOCKPORT, STOCKPORT, GREATER MANCHESTER SK4 2LS | | Price | £78,000 | | Bedrooms | 2 | | Bathrooms | 1 | | Last sold | £134,950 Sep 2007 | ## Description TO BE SOLD BY ONLINE AUCTION ON 21ST-22ND OCTOBER 2026 UNLESS SOLD PRIOR UNDER AUCTION TERMS. 20 Wellington Court, Stitch Lane, Heaton Norris, SK4 2LS Tenanted Two-Bedroom Ground Floor Apartment Producing £950 PCM A two-bedroom ground floor apartment located in Heaton Norris, currently let at £950 per calendar month/£11,400 per annum. This property represents a strong buy-to-let investment opportunity, with income in place from day one and potential to increase the rental income in the future, subject to tenancy terms and any necessary rental review. Comparable rental properties within approximately a quarter of a mile have achieved between £950 and £1,000 pcm per flat, highlighting the strength of the local rental market. The property may also offer future resale potential once vacant, with a two-bedroom ground floor apartment close to Stockport town centre likely to appeal to a wider buyer pool, including first-time buyers, downsizers, owner-occupiers, and investors. The accommodation comprises an entrance hallway, kitchen/living area, two double bedrooms, bathroom, and built-in storage. Externally, the development provides permit parking to the rear and a bin collection area. The property is situated close to Stockport town centre, with access to local amenities, transport links, Stockport train station, and the M60 motorway network. Stockport continues to be a popular residential location, with ongoing investment and regeneration supporting demand from both occupiers and investors. EPC: D Ground Rent: £200 pa Service Charge: £201,02 pcm ## Property Photos - ![A.JPG](/listings/photos/94132557/2547073) - A.JPG - ![AA.JPG](/listings/photos/94132557/2547074) - AA.JPG - ![B.JPG](/listings/photos/94132557/2547075) - B.JPG - ![BB.JPG](/listings/photos/94132557/2547076) - BB.JPG - ![C.JPG](/listings/photos/94132557/2547077) - C.JPG - ![CC.JPG](/listings/photos/94132557/2547078) - CC.JPG - ![CCC.JPG](/listings/photos/94132557/2547079) - CCC.JPG - ![D.JPG](/listings/photos/94132557/2547080) - D.JPG - ![E.JPG](/listings/photos/94132557/2547081) - E.JPG - ![EE.JPG](/listings/photos/94132557/2547082) - EE.JPG - ![EEE.JPG](/listings/photos/94132557/2547083) - EEE.JPG - ![F.JPG](/listings/photos/94132557/2547084) - F.JPG - ![G.JPG](/listings/photos/94132557/2547085) - G.JPG ## Floorplans - ![20 Wellington Court, Stitch Lane-high.png](/listings/photos/94132557/2547086) - 20 Wellington Court, Stitch Lane-high.png ## EPC Graphs - ![EPC epcgraph.co.uk](/listings/photos/94132557/2547087) - EPC epcgraph.co.uk ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 20 STITCH LANE, STOCKPORT, GREATER MANCHESTER, SK4 2LS | £134,950 | 25/09/2007 | Flat | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | 84 SOUTHDOWN CLOSE, STOCKPORT, GREATER MANCHESTER, SK4 1LD | £110,000 | 25/06/2025 | Flat | | 35 DUNBLANE AVENUE, STOCKPORT, GREATER MANCHESTER, SK4 2LY | £125,000 | 02/10/2023 | Flat | | 30 STITCH LANE, STOCKPORT, GREATER MANCHESTER, SK4 2LS | £135,000 | 11/05/2022 | Flat | **Area average:** £123,333 (3 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £191,229 (36 Flat, SK4, 2024–2026) - **Deviation:** -59.2% ## Rental Range *ONS Price Index of Private Rents (Stockport). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,007/mo - **Realistic:** £1,119/mo - **Optimistic:** £1,231/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for West Pennine (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £449/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 2 Bed Terraced House, Cromwell St, SK4 | £1,250/mo | 2 | 0.06 miles | OpenRent | | 2 Bed Terraced House, Athol Street, SK4 | £1,050/mo | 2 | 0.12 miles | OpenRent | | 2 Bed Terraced House, Church St, SK4 | £1,100/mo | 2 | 0.16 miles | OpenRent | | 2 Bed Flat, Princes Street, SK1 | £995/mo | 2 | 0.47 miles | OpenRent | | 2 Bed Penthouse, Bridge St, SK1 | £1,150/mo | 2 | 0.57 miles | OpenRent | | 2 Bed Terraced House, Mountfield Road, SK3 | £1,100/mo | 2 | 1.27 miles | OpenRent | **Average rent: £1,108/mo (6 listings)** ## 1% Rule - **Rent ratio:** 1.41% (strong) - **Max investor price (0.8%):** £137,500 - **Target investor price (1%):** £110,000 *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 £1,100/mo).* - **Gross yield:** 16.9% - **Cost-to-rent:** 5.9× - **Monthly cashflow:** £658/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 34.9% *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:** 4% - **10y growth:** 21.9% ## House Price Index (HM Land Registry) *Official index for Stockport; Flats and maisonettes series; as of July 2026.* - **1y growth (index):** 1.1% - **5y growth (index):** 12.3% - **10y growth (index):** 40% ## 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)