2 Bed Flat, Refurb/BRRR, Cheadle Hulme, SK8 7BG, £205,000

Station Road, Cheadle, Greater Manchester, SK8 7BG - 2 views - 7 months ago

Sold STC
Leasehold
BTL
Refurb/BRRR
~68 m²
+13 photos

ValuationOvervalued

Sold Prices£120K - £400K
Sold Prices/m²£1.7K/m² - £7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3K/m²

Value Estimate

£187,667

 

 

End Value (After Refurb)

£299,927

Uplift in Value

+46%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£51,250

Stamp Duty & Legal Fees

£7,350

Refurb Costs

£28,876

Bridging Loan Interest

£5,381

Total Cash In

£94,608

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£299,927

Agent Fees (1%)

£2,999

Bridging Loan

£153,750

Bridging Loan Interest

£5,381

Flip Profit

£48,570

Local Sold Prices

27 sold prices from £120K to £400K, average is £226.5K. £1.7K/m² to £7K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£260K08/210.03 miFlat 8, Hazel Gardens, Hazel Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7GG2
£185K12/210.36 miFlat 9, Chatsworth Manor, Ladybrook Road, Bramhall, Stockport, Greater Manchester SK7 3NB2
£240K06/210.36 miFlat 1, Chatsworth Manor, Ladybrook Road, Bramhall, Stockport, Greater Manchester SK7 3NB2
£175K10/200.36 miFlat 6, Chatsworth Manor, Ladybrook Road, Bramhall, Stockport, Greater Manchester SK7 3NB2
£290K10/200.39 mi2, Arden Court, Bramhall, Stockport, Greater Manchester SK7 3NG2
£270K08/230.39 mi6, Arden Court, Bramhall, Stockport, Greater Manchester SK7 3NG2
£185K06/210.45 mi6, Ackersley Court, Cheadle Hulme, Cheadle, Greater Manchester SK8 7EW2
£238K07/230.46 mi11, Ackersley Court, Cheadle Hulme, Cheadle, Greater Manchester SK8 7EW2
£315K11/220.5 mi7, Clysbarton Court, Bramhall, Stockport, Greater Manchester SK7 3NP2
£259K11/200.5 mi8, Clysbarton Court, Bramhall, Stockport, Greater Manchester SK7 3NP2
£240K08/230.52 mi25, Shelley Court, Cheadle Hulme, Cheadle, Greater Manchester SK8 6JH2
£400K01/210.58 mi39, Thornway, Bramhall, Stockport, Greater Manchester SK7 2AQ2
£254K08/210.62 miFlat 6, Pine Court, Warren Close, Bramhall, Stockport, Greater Manchester SK7 3LH2
£270K10/220.63 miFlat 2, Pine Court, Warren Close, Bramhall, Stockport, Greater Manchester SK7 3LH2
£175K09/230.77 mi24, Woodstock Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7LD2
£160K11/210.77 mi32, Woodstock Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7LD2
£345K09/210.83 mi57, Edenbridge Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5PX2
£160K03/230.91 mi21, Worcester Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NW2
£175K12/220.92 mi40, Moseley Grange, Cheadle Hulme, Cheadle, Greater Manchester SK8 5EZ2
£158K10/210.93 mi23, Moseley Grange, Cheadle Hulme, Cheadle, Greater Manchester SK8 5EZ2
£151K05/210.93 mi41, Moseley Grange, Cheadle Hulme, Cheadle, Greater Manchester SK8 5EZ2
£226.5K04/210.93 mi22, Conway Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6BP2
£190K12/220.95 mi87, Grange Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NJ2
£120K12/200.98 mi6, Warwick Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NN2
£360K12/200.98 mi44, Fir Road, Bramhall, Stockport, Greater Manchester SK7 2JJ2
£192.5K07/210.99 mi25, Damery Court, Bramhall, Stockport, Greater Manchester SK7 2JY2
£185K08/210.99 mi23, Damery Court, Bramhall, Stockport, Greater Manchester SK7 2JY2

Local Rents

15 rents from £950/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,35009/240.19 miStation Road, Cheadle Hulme2
£1,20008/240.25 miLadybrook Road, Bramhall2
£95008/240.26 mi-2
£1,05012/240.26 mi-2
£1,10011/230.37 miWarren Road, Cheadle Hulme2
£1,05002/250.38 mi-2
£1,10008/240.44 miBramhall Park Road, Stockport2
£1,09508/240.46 miAckersley Court, Cheadle Hulme, Cheadle, SK82
£1,19508/240.49 miAck Lane West, Cheadle Hulme2
£1,10008/240.52 miCedar Lawn, Cheadle Hulme2
£1,20008/240.53 miCedar Lawn, Arran Court, Cheadle Hulme, Cheadle, Cheshire2
£1,29003/250.55 mi-2
£1,30008/240.55 miAck Lane West, Cheadle Hulme, Cheadle2
£1,10008/240.61 mi-2
£1,20003/250.61 mi-2

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

0.39 miles away

Nearest school

0.30 miles away

Nearest train station

0.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £205,000

September 5, 2024

Floor Plans

Description

  • Video Tour Available +
  • Offered with no onward chain +
  • TWO Bedroom Second floor apartment +
  • Residents and Visitors parking +
  • Garage +
  • Close to Cheadle Hulme Village +
  • In need of some modernisation throughout +
  • Perfect purchase for first time buyers, buy to let investors +
  • Easy access to Motorway networks +

We are pleased to welcome to the market this TWO Bedroom Second floor apartment at Dorchester Court, Station Road in Cheadle Hulme. Allocated and visitors parking available, with a Garage included.

Within walking distance to Cheadle Hulme Village, local parks and amenities, this property is ideal for First Time Buyers and Investors.

In brief the property comprises of;

Spacious Hallway leading to access for all rooms.

French doors inviting you into a bright Living / Dining Area, with heaps of space and natural light.

Kitchen with a range of cream fitted base and wall units, Gas Double Oven, Vailant Combi-Boiler, Space for Fridge/Freezer and Washing Machine.

Bedroom One can accommodate a Double bed, allowing additional space for Wardrobes, with a Store cupboard ideal for storage.

Bedroom Two will also accommodate a double bed, with fitted wardrobes included too.

Bathroom is Tiled, with a Full Size Bath, Electric Shower, Hand Basin and W/C.

In need of Modernisation, but still in livable condition, the versatility and potential this property offers is perfect for a wide range of buyers.

EPC Grade D
Leasehold
999 years from 25 December 1972
Ground Rent - £20pa
Service Charge - £250pcm
Council Tax Band C

Agent Details

The Property Man, Sale

020 3869 5873

Next Steps?

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