4 Bed Semi-Detached House, Planning Permission, Cheadle Hulme, SK8 6HS, £415,000

Larch Avenue, Cheadle Hulme, SK8 6HS - 7 months ago

Sold STC
Leasehold
Planning
ROI: 1%
~129 m²
+10 photos

ValuationFair Value

Sold Prices£275K - £1.1M
Sold Prices/m²£2.9K/m² - £7.1K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.2K/m²

Value Estimate

£415,000

 

 

End Value (After Refurb)

£507,583

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£103,750

Stamp Duty & Legal Fees

£32,700

Refurb Costs

£54,800

Bridging Loan Interest

£10,894

Total Cash In

£203,894

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£507,583

Mortgage (After Refinance)

£380,687

Mortgage LTV

75%

Cash Released

£69,437

Cash Left In

£134,457

Equity

£126,896

Rent Range

£850 - £4,250

Rent Estimate

£2,189

Running Costs/mo

£2,044

Cashflow/mo

£145

Cashflow/yr

£1,740

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £275K to £1.1M, average is £495K. £2.9K/m² to £7.1K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£645K04/230.05 miHazel Bank, Nursery Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HN4
£460K04/210.11 mi4, Acacia Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AB4
£422K03/210.14 mi70, Turves Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AR4
£520K02/210.22 mi3, Wyngate Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6ER4
£475K08/230.23 mi20, Lingdale Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5DS4
£507.5K02/230.23 mi7, Lingdale Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5DS4
£590K01/210.26 mi2, Woodlands Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5DD4
£630K03/230.28 mi22, Albert Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5DA4
£427.5K03/210.28 mi11, Maple Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5DT4
£495K05/230.29 mi6, Pownall Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5AZ4
£435K08/230.31 mi21, Richmond Grove, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AH4
£652.5K06/210.31 mi1, Westfield Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6EH4
£595K06/210.33 mi8, Victoria Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5DL4
£545K07/230.33 mi10, Vale Crescent, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AG4
£375K06/210.39 mi9, Bellfield Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AG4
£415K06/230.39 mi10, Buckingham Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5EG4
£490K04/230.4 mi14, Queens Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5DN4
£370K06/230.41 mi64, Cheadle Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5ET4
£400K03/230.41 mi2a, East Downs Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5ES4
£448K11/210.45 mi3, Carlton Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5EH4
£565.5K07/230.45 mi8, Swann Grove, Cheadle Hulme, Cheadle, Greater Manchester SK8 7HW4
£497.5K12/200.46 mi48, Southdown Crescent, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HA4
£285K03/210.46 mi19, Barrow Meadow, Cheadle Hulme, Cheadle, Greater Manchester SK8 6SF4
£535K07/230.47 mi3, Pembroke Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 6GQ4
£660K05/210.5 mi6, Linley Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7HP4
£275K11/210.52 mi32, Croft Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NY4
£546K03/210.52 mi12, Hulme Hall Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6LN4
£490K08/210.53 mi88, Chedlee Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 6SR4
£454K06/210.55 mi8, Cheadle Wood, Cheadle Hulme, Cheadle, Greater Manchester SK8 6SS4
£380K01/210.56 mi62, Buckingham Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NA4
£575K06/230.58 mi28, Granby Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6LS4
£595K01/230.59 mi8, Oakleigh Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6SP4
£440K11/200.6 mi29, Meadway Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5PB4
£1.1M12/200.61 mi30, Ramillies Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AL4
£640K05/230.61 mi46, Ramillies Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AL4
£1.1M12/200.61 mi30, Ramillies Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AL4
£481K06/210.62 mi44, Ladybridge Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NZ4
£375K07/230.62 mi26, Dundonald Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6LL4
£550K05/210.62 mi2, Kings Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NF4
£568K04/210.63 mi10, Shaftesbury Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7DB4
£450K08/230.64 mi35, Princess Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5ND4
£655K06/210.65 mi27, Cheadle Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HL4
£460K12/220.65 mi145, Crossefield Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5PF4
£525K08/230.67 mi4, Millwood Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 6SU4
£440K12/200.67 mi2, Eden Park Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6RG4
£535K07/230.67 mi21, Eden Park Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6RG4
£495K04/210.67 mi17, Brixham Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6JG4
£475K12/210.67 mi12, Ravenswood Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 7DZ4
£347K11/200.68 mi6, Lawnhurst Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 6RH4
£730K02/210.69 mi9, Park Gates Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7DG4

Local Rents

19 rents from £850/mo to £4.3K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£1,50008/240.06 miNursery Road, CHEADLE HULME4
£1,40009/240.16 miPinfold Drive, Cheadle3
£2,25008/240.24 miHulme Hall Close, Cheadle Hulme4
£2,20009/240.24 miHulme Hall Close, Cheadle Hulme4
£3,00009/240.25 miHulme Hall Road, SK84
£3,00009/240.25 miHulme Hall Road, Cheadle Hulme, SK84
£2,80009/240.32 miClaremont Road, Cheadle Hulme, SK84
£2,60011/240.33 mi-4
£3,00009/240.33 miHulme Hall Road, Cheadle Hulme, Cheadle, SK84
£1,75003/250.34 mi-3
£1,55011/240.38 mi-3
£4,25007/240.41 mi-5
£1,60008/240.48 miStation Road, Cheadle Hulme4
£85008/240.52 miMoseley Grange, Cheadle Hulme3
£1,55002/240.53 mi-3
£2,00009/240.58 miOakleigh Road, Cheadle Hulme, Cheadle4
£2,50008/240.58 miOakleigh Road, Cheadle Hulme, Cheadle4
£1,60009/240.59 miMarlborough Avenue, Cheadle Hulme3
£2,20009/240.61 miBlenheim Road, Cheadle Hulme4

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

0.18 miles away

Nearest school

0.20 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £415,000

September 13, 2024

Floor Plans

Description

  • For The Material Information Please See Below The Description. +

Welcome to Larch Avenue, an extended family home located in a cul-de-sac within a sought-after area of Cheadle Hulme. This property features a welcoming porch that leads into a generous living room, dining room, extended kitchen and separate utility room offer both functionality and convenience. Additionally, the integral garage provides ample storage space and holds potential for future conversion.

Upstairs you'll find four well-proportioned bedrooms, three doubles and a single along with a family bathroom.

Outside, the property boasts a mature rear garden complemented by a driveway at the front for added convenience. This lovely home is offered for sale with no onward chain.

MATERIAL INFORMATION
PART A
Council Tax - D
LEASEHOLD (934 YEARS REMAIN, GROUND RENT £8 PA)
PART B
Property Type & Construction - Brick built and tiled roof
Electric and Water Supply - YES
Heating - Gas heating, combined boiler
Sewerage - Mains
Broadband - 1000MB
Mobile Coverage - GOOD
Parking - Driveway and On Street
PART C
Building Safety - N/A
Restrictions - No Known Issues
Rights & Easements - N/A
Flooded: No
Flood Risk Rivers & Sea: Very low
Flood Risk Surface Water: Very low
Coastal Erosion Risk: No
Planning Permission: J/19306
Accessibility / Adaptions: None
Coalfield or Mining area: No
Energy Rating - D

We are required by law to conduct anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £45 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable.

Agent Details

Snowden Wilkinson, Cheadle Hulme

0161 524 3996

Next Steps?

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