3 Bed Semi-Detached House, Refurb/BRRR, Cheadle Hulme, SK8 5DF, £399,995

Madison Avenue, Cheadle Hulme., SK8 5DF - 5 views - a year ago

Sold STC

Cash

Refurb/BRRR

Planning

ROI: 1%

~86 m²

+14 photos

ValuationOvervalued

Sold Prices	£200K - £568K
Sold Prices/m²	£2.3K/m² - £5.6K/m²

Square Metres	~85.84 m²
Price/m²	£4.7K/m²
Value Estimate	£321,774£321,774

End Value (After Refurb)	£335,000£335,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£99,999£99,999
Stamp Duty & Legal Fees	£20,700£20,700
Refurb Costs	£36,393£36,393
Bridging Loan Interest	£10,500£10,500
Total Cash In	£169,341£169,341

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£335,000£335,000
Mortgage (After Refinance)	£251,250£251,250
Mortgage LTV	75%75%
Cash Left In	£169,341£169,341
Equity	£83,750£83,750
Rent Range	£850 - £1,995£850 - £1,995
Rent Estimate	£1,486
Running Costs/mo	£1,364£1,364
Cashflow/mo	£122£122
Cashflow/yr	£1,463£1,463
ROI	1%1%
Gross Yield	4%4%

Local Sold Prices

51 sold prices from £200K to £568K, average is £346K. £2.3K/m² to £5.6K/m², average is £4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£420K	11/20	0.14 mi	4, Queens Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5DN	£3,962	106	3	Terraced House
£568K	06/23	0.14 mi	20, Kingsley Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LZ	£5,624	101	3	Detached House
£370K	09/21	0.15 mi	80, Cheadle Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5DP	-	-	3	Semi-Detached House
£353K	10/21	0.2 mi	18, Thornfield Grove, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AZ	£3,879	91	3	Semi-Detached House
£324K	06/21	0.22 mi	3, Lorna Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5BJ	£4,438	73	3	Semi-Detached House
£382.6K	04/23	0.22 mi	7, Norwood Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5EJ	-	-	3	Semi-Detached House
£440K	01/23	0.22 mi	67, Queens Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HH	£3,633	121	3	Semi-Detached House
£340K	07/23	0.23 mi	70, Buckingham Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NA	-	-	3	Semi-Detached House
£340K	07/23	0.23 mi	70, Buckingham Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NA	-	-	3	Semi-Detached House
£317K	02/21	0.26 mi	49, Turves Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AA	£3,644	87	3	Semi-Detached House
£425K	02/23	0.27 mi	15, Linden Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NB	-	-	3	Semi-Detached House
£405K	06/23	0.28 mi	13, Kings Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5EL	£4,821	84	3	Semi-Detached House
£360K	12/20	0.28 mi	10, Beatrice Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5DZ	£3,711	97	3	Semi-Detached House
£329K	06/21	0.3 mi	4, Crossefield Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5PE	-	-	3	Semi-Detached House
£365K	05/23	0.3 mi	72, Crossefield Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5PE	-	-	3	Terraced House
£383K	03/23	0.31 mi	28, Almond Tree Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HW	-	-	3	Semi-Detached House
£340K	02/23	0.32 mi	88, Turves Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AP	-	-	3	Detached House
£330K	01/23	0.33 mi	74, Crossefield Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5PE	£3,889	85	3	Terraced House
£485K	05/23	0.33 mi	13, Princess Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5ND	£4,899	99	3	Semi-Detached House
£285K	06/23	0.33 mi	42, Willow Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AX	£4,014	71	3	Terraced House
£277K	04/21	0.33 mi	117, Crossefield Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5PF	£3,259	85	3	Terraced House
£237.5K	10/23	0.35 mi	1, North Downs Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5EP	-	-	3	Semi-Detached House
£465K	08/23	0.35 mi	38, Grange Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5JP	£5,460	85	3	Semi-Detached House
£225K	06/21	0.35 mi	93, Willow Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6BD	£2,470	91	3	Terraced House
£222.5K	02/21	0.35 mi	18, Sandringham Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NH	£2,713	82	3	Semi-Detached House
£346K	12/20	0.36 mi	60, Nursery Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HL	£3,681	94	3	Semi-Detached House
£350K	02/21	0.36 mi	26, Nursery Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HL	£4,167	84	3	Semi-Detached House
£230K	02/23	0.36 mi	65, Willow Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6BD	-	-	3	Terraced House
£485K	07/23	0.38 mi	4, Heathbank Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HG	-	-	3	Semi-Detached House
£330K	01/21	0.38 mi	61, Nursery Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HN	£4,583	72	3	Semi-Detached House
£335K	06/21	0.38 mi	33, Nursery Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HN	-	-	3	Semi-Detached House
£380K	07/23	0.38 mi	73, Nursery Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HN	£4,872	78	3	Semi-Detached House
£510.5K	08/23	0.39 mi	5, Henley Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6DP	£4,058	126	3	Detached House
£335K	10/21	0.39 mi	8, Brabant Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AU	£4,036	83	3	Semi-Detached House
£325K	02/21	0.4 mi	14, Henley Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6DW	£3,250	100	3	Detached House
£400K	05/23	0.4 mi	36, Henley Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6DW	£3,960	101	3	Terraced House
£251K	06/21	0.41 mi	2, Fairfield Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AF	£4,254	59	3	Semi-Detached House
£435K	02/23	0.42 mi	29, Musbury Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AT	£5,118	85	3	Semi-Detached House
£375K	12/20	0.42 mi	8, Orrishmere Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HP	£4,213	89	3	Detached House
£215K	01/21	0.43 mi	116, Grange Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NL	£2,299	94	3	Semi-Detached House
£200K	11/21	0.43 mi	102, Grange Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NL	£2,410	83	3	Semi-Detached House
£440K	11/20	0.44 mi	13, Radnormere Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5JX	£4,356	101	3	Detached House
£500K	06/23	0.44 mi	2, Radnormere Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5JX	-	-	3	Detached House
£427.5K	02/23	0.44 mi	13, Bellfield Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AG	£3,922	109	3	Semi-Detached House
£338K	01/21	0.45 mi	21, Cranbourne Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AS	-	-	3	Semi-Detached House
£330K	02/21	0.45 mi	7, Cranbourne Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AS	£3,511	94	3	Semi-Detached House
£342.5K	02/21	0.45 mi	18, Cranbourne Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AS	£4,077	84	3	Semi-Detached House
£365K	07/21	0.45 mi	25, Cranbourne Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AS	-	-	3	Semi-Detached House
£330K	01/23	0.45 mi	6, Taplow Grove, Cheadle Hulme, Cheadle, Greater Manchester SK8 6DL	£3,143	105	3	Terraced House
£265K	05/23	0.45 mi	185, Grange Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NJ	-	-	3	Semi-Detached House
£425K	03/23	0.46 mi	26, Brabant Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AU	£5,380	79	3	Semi-Detached House

Local Rents

42 rents from £850/mo to £2K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,550	11/24	0.1 mi	-	3	Semi-Detached House
£1,400	09/24	0.27 mi	Pinfold Drive, Cheadle	3	Bungalow
£850	08/24	0.35 mi	Moseley Grange, Cheadle Hulme	3	Flat
£1,600	09/24	0.47 mi	Marlborough Avenue, Cheadle Hulme	3	Semi-Detached House
£1,250	09/24	0.6 mi	Sandbach Walk, Cheadle, Stockport	3	Terraced House
£1,900	09/24	0.65 mi	Shaftesbury Avenue, Cheadle Hulme, Cheadle	3	Semi-Detached House
£1,750	03/25	0.67 mi	-	3	Detached House
£1,400	02/25	0.78 mi	-	3	Terraced House
£1,400	09/24	0.84 mi	Argyll Road, Cheadle	3	Semi-Detached House
£1,800	01/24	0.85 mi	-	3	Detached House
£1,550	02/24	0.86 mi	-	3	Semi-Detached House
£1,100	02/25	0.89 mi	-	3	Semi-Detached House
£1,350	12/24	0.91 mi	-	3	Semi-Detached House
£1,250	07/24	0.93 mi	-	3	Semi-Detached House
£1,250	01/24	0.93 mi	-	3	Semi-Detached House
£1,550	04/25	0.93 mi	-	3	Semi-Detached House
£1,680	12/24	0.99 mi	-	3	Semi-Detached House
£1,250	09/24	1 mi	Newlands Avenue, Cheadle Hulme	3	Semi-Detached House
£1,200	08/24	1 mi	Rushton Drive; Bramhall	3	Terraced House
£1,390	12/24	1.02 mi	-	3	Terraced House
£1,600	08/24	1.02 mi	-	3	Detached House
£1,400	08/24	1.03 mi	Athlone Heights, SK8 5BX	3	Terraced House
£1,400	08/24	1.04 mi	Westmeath Avenue, SK8	3	Flat
£1,400	08/24	1.04 mi	Westmeath Avenue, SK8	3	Terraced House
£1,400	08/24	1.05 mi	Athlone Heights, SK8 5BX	3	Terraced House
£1,400	12/24	1.07 mi	Dane Close, Bramhall, Stockport, Greater Manchester, SK7	3	Terraced House
£1,200	08/24	1.07 mi	Sunningdale Road, Cheadle, Greater Manchester, SK8	3	Detached House
£1,650	09/24	1.08 mi	Schools Green, Cheadle, SK8 1JL	3	Flat
£1,295	09/24	1.08 mi	-	3	Semi-Detached House
£1,650	01/25	1.08 mi	-	3	Detached House
£1,500	02/25	1.11 mi	-	3	Semi-Detached House
£1,800	08/24	1.11 mi	Sunningdale Road, Cheadle Hulme, Cheadle, SK8	3	Semi-Detached House
£1,749	12/24	1.12 mi	-	3	Semi-Detached House
£1,200	08/24	1.16 mi	27 Rosslyn Road, Cheadle, Greater Manchester, SK8	3	Detached House
£1,100	08/24	1.19 mi	Gladville Drive, Cheadle, Cheshire, SK8	3	Detached House
£1,500	02/25	1.2 mi	-	3	Semi-Detached House
£1,600	09/24	1.2 mi	Park Road, Cheadle, Greater Manchester, SK8	3	Detached House
£1,995	09/24	1.2 mi	Cringle Drive, Cheadle	3	House
£1,450	10/24	1.23 mi	-	3	Semi-Detached House
£1,450	09/24	1.23 mi	Waverley Drive, Cheadle Hulme, Cheadle, SK8	3	Semi-Detached House
£1,750	02/25	1.23 mi	-	3	Semi-Detached House
£1,800	06/24	1.24 mi	-	3	Detached House

Local Area Statistics

Population in SK8	58,39658,396
Population in Cheadle Hulme	58,43458,434
Town centre distance	0.38 miles away0.38 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.27 miles away0.27 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+35%+35%

Property History

Price changed to £399,995

December 4, 2024

Listed for £425,000

January 25, 2024

Floor Plans

Description

CASH BUYERS ONLY +
IMAGES SHOW POTENTIAL FOR EXTENSION, THEY ARE FOR INSPIRATION ONLY AND ARE NOT ARCHITECTS PLANS. PLANNING PERMISSION WOULD NEED TO BE APPLIED FOR. +
FREEHOLD +
SEMI DETACHED HOME IN NEED OF UPDATING / MODERNISING +
EXCELLENT LOCATION +
LOTS OF POTENTIAL +
LOVELY GARDEN +
THREE BEDROOMS +
TWO LIVING ROOMS +
CCTV DRAINAGE REPORT RECOMMENDED +

Madison Avenue is a lovely, tree lined road in an exceptional location. From here you have all of the amenities of the village, and the area's fantastic schools all just a short stroll away. This property sits in a nice corner plot with a large garden and plenty of scope for extension (Subject to planning). The property has a traditional layout of two living rooms and the kitchen on the ground floor and then the three bedrooms plus bathroom and w.c on the first floor. No chain

Agent Details

Snowden Wilkinson, Cheadle Hulme

0161 524 3996

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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3 Bed Semi-Detached House, Refurb/BRRR, Cheadle Hulme, SK8 5DF, £399,995

ValuationOvervalued

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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