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