2 Bed Flat, Single Let, Cheadle Hulme, SK8 5NX, £175,000

Meadowbrook Way, Cheadle Hulme, SK8 5NX - 1 views - 8 months ago

Leasehold
BTL
ROI: 5%
~51 m²
+2 photos

ValuationOvervalued

Sold Prices£71.5K - £400K
Sold Prices/m²£1.3K/m² - £7K/m²

 

 

Square Metres

~50.91 m²
Price/m²£3.4K/m²

Value Estimate

£136,498

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£10,950

Total Cash In

£54,700

 

 

Cash Out

 

Rent Range

£875 - £2,795

Rent Estimate

£969

Running Costs/mo

£761

Cashflow/mo

£208

Cashflow/yr

£2,500

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £71.5K to £400K, average is £175K. £1.3K/m² to £7K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£345K09/210.25 mi57, Edenbridge Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5PX2
£120K12/200.3 mi6, Warwick Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NN2
£160K03/230.33 mi21, Worcester Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NW2
£190K12/220.38 mi87, Grange Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NJ2
£160.5K03/230.41 mi28, Birtles Close, Cheadle, Greater Manchester SK8 2NG2
£175K12/220.7 mi40, Moseley Grange, Cheadle Hulme, Cheadle, Greater Manchester SK8 5EZ2
£158K10/210.71 mi23, Moseley Grange, Cheadle Hulme, Cheadle, Greater Manchester SK8 5EZ2
£151K05/210.71 mi41, Moseley Grange, Cheadle Hulme, Cheadle, Greater Manchester SK8 5EZ2
£163K12/220.94 mi40, Brookfield Road, Cheadle, Greater Manchester SK8 1ES2
£185K12/210.96 miFlat 9, Chatsworth Manor, Ladybrook Road, Bramhall, Stockport, Greater Manchester SK7 3NB2
£240K06/210.96 miFlat 1, Chatsworth Manor, Ladybrook Road, Bramhall, Stockport, Greater Manchester SK7 3NB2
£175K10/200.96 miFlat 6, Chatsworth Manor, Ladybrook Road, Bramhall, Stockport, Greater Manchester SK7 3NB2
£71.5K12/220.98 mi43, Rosefield Close, Stockport, Greater Manchester SK3 8QD2
£130.5K01/211.02 mi33, Tillard Avenue, Stockport, Greater Manchester SK3 0UB2
£105K07/221.03 mi17, Tillard Avenue, Cheadle Heath, Stockport, Greater Manchester SK3 0UB2
£127K12/201.03 mi19, Alder Road, Cheadle, Greater Manchester SK8 1EW2
£82.5K04/221.06 mi70, Newsham Road, Stockport, Greater Manchester SK3 8GN2
£254K08/211.06 miFlat 6, Pine Court, Warren Close, Bramhall, Stockport, Greater Manchester SK7 3LH2
£260K08/211.07 miFlat 8, Hazel Gardens, Hazel Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7GG2
£270K10/221.08 miFlat 2, Pine Court, Warren Close, Bramhall, Stockport, Greater Manchester SK7 3LH2
£240K08/231.09 mi25, Shelley Court, Cheadle Hulme, Cheadle, Greater Manchester SK8 6JH2
£141K05/221.09 miFlat 4, Park View Lodge, Kenilworth Road, Stockport, Greater Manchester SK3 0QQ2
£125.5K02/211.09 mi13, Yeardsley Close, Bramhall, Stockport, Greater Manchester SK7 3HR2
£165K01/231.1 mi24, Chelburn Court, Stockport, Greater Manchester SK3 8EN2
£82K10/211.11 mi16, Chelburn Court, Stockport, Greater Manchester SK3 8EN2
£136K04/221.11 mi12, Chelburn Court, Stockport, Greater Manchester SK3 8EN2
£77.5K03/231.11 mi23, Chelburn Court, Stockport, Greater Manchester SK3 8EN2
£123K07/211.12 mi36, Chelburn Court, Stockport, Greater Manchester SK3 8EN2
£179.5K03/231.15 miFlat 5, Brook Lodge, Schools Hill, Cheadle, Greater Manchester SK8 1JB2
£315K11/221.16 mi7, Clysbarton Court, Bramhall, Stockport, Greater Manchester SK7 3NP2
£226.5K04/211.17 mi22, Conway Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6BP2
£259K11/201.18 mi8, Clysbarton Court, Bramhall, Stockport, Greater Manchester SK7 3NP2
£180K11/221.18 miFlat 31, Whitegates, Wilmslow Road, Cheadle, Greater Manchester SK8 1HG2
£270K08/231.21 mi6, Arden Court, Bramhall, Stockport, Greater Manchester SK7 3NG2
£148K07/221.3 miFlat 4, Elmfield Court, Elmfield Road, Stockport, Greater Manchester SK3 8SE2
£155K09/211.31 mi15, Dixon Court, Cheadle, Greater Manchester SK8 1DE2
£183K08/211.31 mi2, Dixon Court, Cheadle, Greater Manchester SK8 1DE2
£228K07/231.43 miFlat 28, South View Gardens, Schools Hill, Cheadle, Greater Manchester SK8 1PA2
£240K11/201.43 miFlat 31, South View Gardens, Schools Hill, Cheadle, Greater Manchester SK8 1PA2
£265K03/231.43 miFlat 31, South View Gardens, Schools Hill, Cheadle, Greater Manchester SK8 1PA2
£171.5K09/211.47 mi59, Trinity Gardens, Stockport, Greater Manchester SK3 8TL2
£185K06/211.5 mi6, Ackersley Court, Cheadle Hulme, Cheadle, Greater Manchester SK8 7EW2
£158.8K03/231.51 mi19, Eton Drive, Cheadle, Greater Manchester SK8 3WA2
£220K06/211.51 mi8, Eton Drive, Cheadle, Greater Manchester SK8 3WA2
£238K07/231.51 mi11, Ackersley Court, Cheadle Hulme, Cheadle, Greater Manchester SK8 7EW2
£212.8K12/201.51 mi13, Hearthstone Close, Cheadle, Greater Manchester SK8 2NW2
£400K01/211.59 mi39, Thornway, Bramhall, Stockport, Greater Manchester SK7 2AQ2
£130K08/211.59 mi89, Silverdale Road, Gatley, Cheadle, Greater Manchester SK8 4RF2
£167.5K04/211.65 mi7, Fox Hill Court, Stockport, Greater Manchester SK4 2DU2
£175K11/221.66 miFlat 1, Edmonton Court, Edmonton Road, Stockport, Greater Manchester SK2 7BG2

Local Rents

10 rents from £875/mo to £2.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£95001/250.05 mi-2
£1,30002/250.32 mi-2
£1,25002/250.32 mi-2
£2,45010/240.33 mi-2
£2,79501/250.33 mi-2
£87508/240.33 miWorcester Road,Cheadle Hulme,Cheadle,SK8 2
£1,10011/240.4 mi-2
£1,29003/250.58 mi-2
£1,20008/240.6 miCedar Lawn, Arran Court, Cheadle Hulme, Cheadle, Cheshire2
£1,10008/240.61 miCedar Lawn, Cheadle Hulme2

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

1.04 miles away

Nearest school

0.10 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £175,000

August 15, 2024

Floor Plans

Description

  • Well Presented Two bedroom Second Floor Apartment +
  • Entrance Hallway & Two Good Sized Bedrooms +
  • Open Plan Living Room/Dining Room +
  • Kitchen & Bathroom +
  • Ideal For A FTB or BTL Investor +
  • Allocated Parking Space +

A well presented, two bedroom second floor apartment offering a comfortable living space for both first-time buyers and buy-to-let investors. The apartment comprises of an entrance hallway leading to two good-sized bedrooms, an open plan living room/dining room, a kitchen, and a bathroom. The apartment also has two additional storage areas. With practicality in mind, an allocated parking space adds convenience and value to this residence.

Material Information (Part A, B & C where applicable)

  1. Tenure: Leasehold.

  2. Lease: 999 years from 2001.

  3. Ground Rent: £50 p/a.

  4. Service Charge: £141 pcm.

  5. Construction: Brick Exterior.

  6. Utilities: Electricity, Water Supply & Sewerage.

  7. Heating: Refer to Energy Report for Heating Information.

  8. Broadband: FTTC and/or FTTP dependent on Provider.

  9. Mobile: Available dependent on provider & device type.

  10. Restrictions & Rights: Land Registry Title available by request.

  11. Flooding: We have been advised no flooding by the seller.

  12. Flood Risk Rivers: Very low Risk & Surface Water: Low risk

  13. Local Planning Applications: See note below

Material Information has been sourced from various official and 3rd party sources. For more information please email " " with the specific property your enquiry relates to. We strongly advise you consult a Solicitor and/or a surveyor and carry out your own research on the information provided to ensure there have been no changes since the information was sourced as we do not check for changes which may happen after the listing was made available. For broadband/mobile services we urge you to contact your provider to ensure your the service you need and your device is compatible. Human error by 3rd party data inputters, and a lag in data being transposed to digital records are some of the reasons the above information may be outdated before or after you view. Local Planning Applications: Planning Application Search will not be added until the first interest party asks for this information, This is so the planning search is as recent as possible. If local planning applications are important to you in making a decision please contact the office for a copy of the search we have or so we can order the first one if you are the first person asking. We will only order one search per property and advise you have your own done as part of your purchase conveyance whether you have read ours or not. Disclaimer: Our floor plan may not show some small recess areas, support posts or chimney breasts and any floor area or total area measurements quoted will include all the areas shown on the floor plan, unless otherwise noted, inc attached or integral garages. We do not recommend you use our floor plan to decide on buying carpets or furniture without measuring the space yourself, as skirting boards may alter the space you require because we measure above skirting board level. No appliances including heating and electrics have or will be tested by Snapes Estate Agents and we cannot be held responsible for a seller changing or removing fittings which are currently shown or mentioned in our marketing. Images Including Videos: Our photos and videos are provided to show the property in the best possible light and may have had some editing enhancements to improve the quality of the photo. The photos should not be used as an indication of what is included in the sale, both internally and externally. We strongly advise you consult with the Fixture and Fittings Form provided by the seller’s solicitor once a sale has been agreed, or when offering make it known to the office or your solicitor if there are any items you expect or want to be left, so this can be agreed prior to a sale progressing. Disclaimer: If you are reading this disclaimer on an advert either printed by us or yourself please visit the digital property page for the full marketing disclaimer on this property before committing to purchase. Alternatively please request the disclaimer to be printed off separately.

EPC Rating: C

Agent Details

Snapes Estate Agents, Cheadle Hulme

0161 524 3867

Next Steps?

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