3 Bed Semi-Detached House, Refurb/BRRR, Cheadle Hulme, SK8 4AQ, £340,000

24 BELMONT ROAD, Gatley, SK8 4ET - 6 views - 2 years ago

Sold STC
Refurb/BRRR
ROI: 2%
~86 m²
+8 photos

ValuationOvervalued

Sold Prices£155K - £540K
Sold Prices/m²£1.6K/m² - £10.1K/m²

 

 

Square Metres

~85.80 m²
Price/m²£4K/m²

Value Estimate

£314,600

 

 

End Value (After Refurb)

£339,376

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£85,000

Stamp Duty & Legal Fees

£15,900

Refurb Costs

£36,376

Bridging Loan Interest

£8,925

Total Cash In

£147,951

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£339,376

Mortgage (After Refinance)

£254,532

Mortgage LTV

75%

Cash Left In

£147,951

Equity

£84,844

Rent Range

£1,250 - £2,250

Rent Estimate

£1,663

Running Costs/mo

£1,413

Cashflow/mo

£250

Cashflow/yr

£2,998

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £155K to £540K, average is £360K. £1.6K/m² to £10.1K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£290K01/210.06 mi30, Belmont Road, Gatley, Cheadle, Greater Manchester SK8 4AQ3
£336K04/210.06 mi36, Belmont Road, Gatley, Cheadle, Greater Manchester SK8 4AQ3
£320K03/230.1 mi3, Belmont Road, Gatley, Cheadle, Greater Manchester SK8 4AG3
£375K03/230.14 mi29, Leyland Avenue, Gatley, Cheadle, Greater Manchester SK8 4AF3
£365K11/200.15 mi46, Marchbank Drive, Cheadle, Greater Manchester SK8 1QY3
£540K04/230.15 mi2, Marchbank Drive, Cheadle, Greater Manchester SK8 1QY3
£540K07/230.15 mi5, Marchbank Drive, Cheadle, Greater Manchester SK8 1QY3
£455K01/230.23 mi7, Marrick Avenue, Cheadle, Greater Manchester SK8 1QQ3
£526K02/230.26 mi75, Gatley Road, Cheadle, Greater Manchester SK8 1LX3
£370K03/210.27 mi39, Delamere Road, Gatley, Cheadle, Greater Manchester SK8 4PH3
£395K12/200.27 mi1, Delamere Road, Gatley, Cheadle, Greater Manchester SK8 4PH3
£415K03/210.27 mi6, Delamere Road, Gatley, Cheadle, Greater Manchester SK8 4PH3
£405K09/210.28 mi22, Springfield Road, Gatley, Cheadle, Greater Manchester SK8 4PE3
£420K03/230.28 mi34, Springfield Road, Gatley, Cheadle, Greater Manchester SK8 4PE3
£450K06/230.32 mi2, Beech Avenue, Gatley, Cheadle, Greater Manchester SK8 4LS3
£320K09/210.33 mi40, Cromwell Avenue, Gatley, Cheadle, Greater Manchester SK8 4BS3
£350K07/230.33 mi30, Green Walk, Gatley, Cheadle, Greater Manchester SK8 4BW3
£340.5K12/200.35 mi11, Hawthorn Road, Gatley, Cheadle, Greater Manchester SK8 4LX3
£375K09/210.35 mi5, Cedar Road, Gatley, Cheadle, Greater Manchester SK8 4LZ3
£388.1K06/210.35 mi30, Crescent Road, Cheadle, Greater Manchester SK8 1PW3
£465K07/210.35 mi11, Chadvil Road, Cheadle, Greater Manchester SK8 1NX3
£325K01/210.38 mi9, Green Walk, Gatley, Cheadle, Greater Manchester SK8 4BN3
£315K06/210.4 mi23, Alcester Road, Gatley, Cheadle, Greater Manchester SK8 4PG3
£325K08/230.4 mi25, Alcester Road, Gatley, Cheadle, Greater Manchester SK8 4PG3
£430K07/230.4 mi10, Hall Street, Cheadle, Greater Manchester SK8 1PJ3
£350K01/210.4 mi24, Hall Street, Cheadle, Greater Manchester SK8 1PJ3
£440K03/230.41 mi70, Springfield Road, Gatley, Cheadle, Greater Manchester SK8 4PF3
£425K04/230.42 mi26, Wilcott Road, Gatley, Cheadle, Greater Manchester SK8 4DX3
£155K06/210.42 mi36, Wilcott Road, Gatley, Cheadle, Greater Manchester SK8 4DX3
£267K04/210.43 mi43, Gatley Green, Gatley, Cheadle, Greater Manchester SK8 4NF3
£295K11/200.43 mi35, Gatley Green, Gatley, Cheadle, Greater Manchester SK8 4NF3
£312K03/230.44 mi30, Hawthorn Road, Gatley, Cheadle, Greater Manchester SK8 4NB3
£260K11/210.46 mi28, Peckforton Close, Gatley, Cheadle, Greater Manchester SK8 4JA3
£380.2K08/210.48 mi42, Windsor Avenue, Gatley, Cheadle, Greater Manchester SK8 4DU3
£375K12/200.48 mi22, Warren Avenue, Cheadle, Greater Manchester SK8 1ND3
£355K04/210.49 mi35, Warren Avenue, Cheadle, Greater Manchester SK8 1NB3
£300K04/210.51 mi3, Greenbank Avenue, Gatley, Cheadle, Greater Manchester SK8 4HN3
£275K01/210.53 mi14b, Wilmslow Road, Cheadle, Greater Manchester SK8 1NE3
£460K12/200.53 mi23, Appleby Road, Gatley, Cheadle, Greater Manchester SK8 4QD3
£432.5K02/210.55 mi8, Broadway Avenue, Cheadle, Greater Manchester SK8 1NN3
£386.3K08/230.56 mi66, Bankside Road, Manchester, Greater Manchester M20 5GD3
£337.5K12/200.56 mi45, Park Road, Gatley, Cheadle, Greater Manchester SK8 4HW3
£410K01/210.56 mi69, Altrincham Road, Gatley, Cheadle, Greater Manchester SK8 4EG3
£303K04/210.57 mi53, Tanfield Road, Manchester, Greater Manchester M20 5GE3
£300K02/210.57 mi9, Tanfield Road, Manchester, Greater Manchester M20 5GE3
£286K11/230.57 mi7, Tanfield Road, Manchester, Greater Manchester M20 5GE3
£342K11/200.59 mi42, Tanfield Road, Manchester, Greater Manchester M20 5GF3
£324K05/210.59 mi18, Dingle Grove, Gatley, Cheadle, Greater Manchester SK8 4ED3
£485K07/210.6 mi11, Park Road, Gatley, Cheadle, Greater Manchester SK8 4HP3
£317.5K02/210.6 mi58, Riverton Road, Manchester, Greater Manchester M20 5GH3

Local Rents

23 rents from £1.3K/mo to £2.3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,85009/240.28 miBarnes Way, Cheadle, Greater Manchester, United Kingdom, SK8 2GH3
£1,70009/240.31 miGreenbank Road, Gatley, SK8 4DW3
£1,40008/240.31 miFrances Avenue, Gatley, Cheadle, Greater Manchester, SK83
£2,25008/240.32 miPennington Gardens, Cheadle3
£1,50011/240.32 mi-3
£1,35008/240.37 mi-3
£1,75009/240.4 miAlcester Road, Gatley, Cheadle, SK83
£1,75009/240.4 miAlcester Road, SK8, Gatley3
£1,75010/240.41 mi-3
£1,40004/250.42 mi-3
£1,75009/240.42 miAlcester Road, Gatley, Cheadle3
£1,45002/250.42 mi-3
£1,60009/240.48 miWindsor Avenue, Gatley, Cheshire, SK83
£1,49505/240.53 miBankside Road, Didsbury, Manchester, M20 5GD3
£1,85005/240.55 miNorview Drive, Didsbury, M203
£1,75005/240.56 miBankside Road, Didsbury, M20 5QE3
£1,25005/240.56 miJayton Avenue, East Didsbury, M20 5QD3
£1,65009/240.56 miPark Road, Gatley3
£1,80005/240.57 miHolly Tree Farm, Broad Oak Lane, Didsbury M20 5QB3
£1,75006/240.58 miBankside Road, East Didsbury, Manchester, M20 5QE3
£1,30005/240.61 miRiverton Road, Didsbury, Manchester3
£1,85012/240.61 mi-3
£1,50009/240.62 miSilverdale Road, Gatley,SK8 4QS3

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

2.10 miles away

Nearest school

0.40 miles away

Nearest train station

0.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Price changed to £340,000

September 25, 2024

Listed for £350,000

May 15, 2023

Floor Plans

Description

  • An Attractive And Spacious Bay-Fronted Semi-Detached Home +
  • Ideally Located Close To Gatley Village, Transport Links, Popular Schools And Local Amenities +
  • Boasting Two Reception Rooms +
  • Extended And Refitted Breakfast-Style Kitchen +
  • Enjoying Three Well Sized Bedrooms +
  • Modern Refitted Wet-room Style Shower Room +
  • Large Secluded Rear Garden With Substantial Flagged Patio +
  • In Need Of Some Modernisation +

A lovingly maintained and EXTENDED BAY-FRONTED semi detached home, ideally located within EASY REACH OF GATLEY VILLAGE and popular schools, boasting two reception rooms, three well-sized bedrooms, and a wealth of PERIOD FEATURES, in need of some modernisation, whilst enjoying a LARGE SECLUDED REAR GARDEN. *No Chain*

An attractive and charming bay-fronted semi-detached residence, enjoying two reception rooms and three well sized bedrooms, requiring some modernisation, with a large private rear garden, and set within a sought-after convenient setting close to Gatley Village, it's local amenities and Popular Schools.

The accommodation begins with a useful entrance porch, opening to a welcoming entrance hall, off the hall is a generous bay-fronted dining room, there is a charming living room overlooking the rear garden, whilst ahead of the hall is the extended breakfast-style kitchen with dining area, pantry storage, and side door to the rear garden.

To the first floor, off the landing, are three well sized bedrooms, and a re-fitted modern wet-room with attractive tiling.

Externally to the front is a half-walled driveway fully flagged to the front and side offering ample off-road parking, whilst to the rear, via secure gated access, is a large and private garden, mainly laid to lawn, with twin flagged patios, and partially hedged and fences boundaries.

AGENTS NOTE ¿ The sale of this property is subject to grant of probate. Please seek an update from the branch with regards to the potential timeframes involved.

Agent Details

Gascoigne Halman, Cheadle

0161 524 6044

Next Steps?

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