3 Bed Semi-Detached House, Refurb/BRRR, Cheadle Hulme, SK8 2DW, £385,000

88 Deane Avenue, Cheadle, Greater Manchester, SK8 2DW - 3 views - 7 months ago

Refurb/BRRR
73 m²
+13 photos

ValuationOvervalued

Sold Prices£175K - £454.9K
Sold Prices/m²£2.2K/m² - £7K/m²

 

 

Square Metres

73 m²
Price/m²£5.3K/m²

Value Estimate

£241,185

 

 

End Value (After Refurb)

£350,625

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£96,250

Stamp Duty & Legal Fees

£19,500

Refurb Costs

£30,949

Bridging Loan Interest

£10,106

Total Cash In

£158,555

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£350,625

Mortgage (After Refinance)

£262,969

Mortgage LTV

75%

Cash Left In

£158,555

Equity

£87,656

Rent Range

£1,100 - £2,000

Rent Estimate

£1,471

Running Costs/mo

£1,410

Cashflow/mo

£61

Cashflow/yr

£733

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £175K to £454.9K, average is £284K. £2.2K/m² to £7K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£291.5K08/230.03 mi117, Councillor Lane, Cheadle, Greater Manchester SK8 2HY3
£283K09/210.07 mi62, Deane Avenue, Cheadle, Greater Manchester SK8 2DW3
£253K11/210.08 mi53, Argyll Road, Cheadle, Greater Manchester SK8 2LH3
£320K03/230.08 mi4, Argyll Road, Cheadle, Greater Manchester SK8 2LQ3
£205K11/200.1 mi61, Argyll Road, Cheadle, Greater Manchester SK8 2LH3
£180K01/210.1 mi79, St Davids Road, Cheadle, Greater Manchester SK8 2HJ3
£180K01/210.11 mi79, St Davids Road, Cheadle, Greater Manchester SK8 2HJ3
£260K10/210.11 mi36, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DJ3
£235K04/230.12 mi40, Donnington Avenue, Cheadle, Greater Manchester SK8 2DL3
£290K06/210.12 mi19, Donnington Avenue, Cheadle, Greater Manchester SK8 2DL3
£292K08/230.12 mi61, Argyll Road, Cheadle, Greater Manchester SK8 2LH3
£225K03/210.15 mi9, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DH3
£269K03/210.15 mi33, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DH3
£295K01/210.15 mi35, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DH3
£260K08/230.15 mi31, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DH3
£211K08/210.16 mi38, St Davids Road, Cheadle, Greater Manchester SK8 2HF3
£185K01/210.16 mi39, St Davids Road, Cheadle, Greater Manchester SK8 2HF3
£245K12/200.17 mi9, St Ives Avenue, Cheadle, Greater Manchester SK8 2HG3
£212K09/210.18 mi32, Kelsall Road, Cheadle, Greater Manchester SK8 2NE3
£327.5K05/230.2 mi12, Palmer Avenue, Cheadle, Greater Manchester SK8 2DF3
£312.5K02/230.2 mi19, Palmer Avenue, Cheadle, Greater Manchester SK8 2DF3
£325K06/230.21 mi123, Brookfield Road, Cheadle, Greater Manchester SK8 1EY3
£175K03/210.23 mi3, Hale Walk, Cheadle, Greater Manchester SK8 2NF3
£235K12/200.23 mi25, Boundary Road, Cheadle, Greater Manchester SK8 2EN3
£337K04/210.24 mi108, Lavington Avenue, Cheadle, Greater Manchester SK8 2HH3
£315K04/230.24 mi40, Lavington Avenue, Cheadle, Greater Manchester SK8 2HH3
£352.5K01/230.24 mi56, Lavington Avenue, Cheadle, Greater Manchester SK8 2HH3
£313.5K02/230.26 mi51, Lavington Avenue, Cheadle, Greater Manchester SK8 2HQ3
£365K03/230.27 mi93, Lavington Avenue, Cheadle, Greater Manchester SK8 2HQ3
£215K03/230.27 mi56, Shakespeare Drive, Cheadle, Greater Manchester SK8 2DA3
£350K05/230.27 mi16, Shakespeare Drive, Cheadle, Greater Manchester SK8 2DA3
£400K04/230.28 mi26, Dryden Avenue, Cheadle, Greater Manchester SK8 2AW3
£350K06/210.28 mi5, Pickmere Gardens, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HZ3
£240.8K09/230.29 mi3, Menai Grove, Cheadle, Greater Manchester SK8 2EZ3
£230K03/230.31 mi5, Malpas Close, Cheadle, Greater Manchester SK8 2LX3
£260K01/210.31 mi92, Boundary Road, Cheadle, Greater Manchester SK8 2EP3
£232.5K09/230.32 mi10, Emlyn Grove, Cheadle, Greater Manchester SK8 2EY3
£280K08/230.34 mi33, Aber Road, Cheadle, Greater Manchester SK8 2ER3
£200K04/210.35 mi9, Carrs Road, Cheadle, Greater Manchester SK8 2EE3
£225K03/210.35 mi1, Carrs Road, Cheadle, Greater Manchester SK8 2EE3
£417.5K06/210.35 mi150, Radnormere Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LB3
£395K05/230.35 mi123, Radnormere Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LB3
£291K05/230.35 mi89, Radnormere Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LB3
£200K11/200.35 mi5, Tatton Close, Cheadle, Greater Manchester SK8 2LZ3
£295K12/200.38 mi137, Stockport Road, Cheadle, Greater Manchester SK8 2DP3
£389.9K02/210.38 mi1, Hatchmere Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LD3
£454.9K08/230.38 mi161, Queens Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HX3
£385K09/210.41 mi20, Bladen Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 5RU3
£421K06/210.41 mi32, Rosthernmere Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LE3
£285K10/220.43 mi93, Sherborne Road, Stockport, Greater Manchester SK3 0SP3

Local Rents

21 rents from £1.1K/mo to £2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,39012/240.11 mi-3
£1,40009/240.12 miArgyll Road, Cheadle3
£1,40002/250.18 mi-3
£1,60008/240.26 mi-3
£1,10008/240.27 miGladville Drive, Cheadle, Cheshire, SK83
£1,75002/250.28 mi-3
£1,65001/250.3 mi-3
£1,60009/240.34 miPark Road, Cheadle, Greater Manchester, SK83
£1,25009/240.38 miSandbach Walk, Cheadle, Stockport3
£1,45008/240.46 miCuthbert Road, Cheadle, Greater Manchester, SK83
£2,00003/250.46 mi-3
£1,75012/240.48 mi-3
£1,49502/250.49 mi-3
£1,70012/240.49 miParkway SK33
£1,30012/240.5 miCheltenham Road, Stockport, Greater Manchester, SK3 0SL3
£1,75008/240.5 mi-3
£1,20008/240.5 miShaftsbury road Cheadle Heath SK33
£1,65008/240.51 miBulkeley Road, Cheadle, SK8 2AD3
£1,20008/240.51 miBirchfield Road, Stockport, Greater Manchester, SK33
£1,30012/240.58 miStockport Road, Cheadle Heath, Stockport, SK3 0RG3
£1,30012/240.6 miDorrington Road, Stockport, SK33

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

1.33 miles away

Nearest school

0.20 miles away

Nearest train station

1.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £385,000

September 18, 2024

Sold for £185,000

2019

Sold for £143,500

2006

Floor Plans

Description

  • OPEN PLAN BESPOKE KITCHEN +
  • MODERN CHARACTER THROUGHOUT +
  • OFF ROAD PARKING +
  • SPACIOUS BEDROOMS +
  • MODERN BATHROOMS +

Hibbert Homes are pleased to present this charming semi detached residence on Deane Avenue, from the 1930s/1950s is a true gem waiting to be discovered. Boasting a spacious 1,009 sq ft, this property offers a perfect blend of modern character and timeless elegance.

As you step inside, you'll be greeted by a bespoke open plan kitchen, ideal for whipping up culinary delights while entertaining guests in the adjacent reception room. The recent renovations have truly brought out the best in this home, with a seamless flow throughout.

With 3 inviting bedrooms, including a spacious master bedroom, there's plenty of room for the whole family to unwind and relax. The bathroom is well-appointed and offers a tranquil space to rejuvenate after a long day.

One of the highlights of this property is the spacious sun trap garden, perfect for enjoying a morning coffee or hosting summer barbecues with friends and family. Imagine basking in the sunlight and creating lasting memories in this delightful outdoor space.

Don't miss the opportunity to make this house your home and experience the best of both worlds - a touch of history with modern conveniences. Book a viewing today and step into your future in this charming abode on Deane Avenue.

Agent Details

Hibbert Homes, Stockport

01646 404071

Next Steps?

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