2 Bed Bungalow, Refurb/BRRR, Cheadle Hulme, SK8 6DA, £325,000

Brecon Avenue, Cheadle, SK8 6DA - 5 months ago

Sold STC
Leasehold
Refurb/BRRR
~68 m²
+16 photos

ValuationOvervalued

Sold Prices£93.5K - £428.5K
Sold Prices/m²£1.2K/m² - £6.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.8K/m²

Value Estimate

£235,696

 

 

End Value (After Refurb)

£325,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£23,700

Refurb Costs

£28,876

Bridging Loan Interest

£8,531

Total Cash In

£144,108

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£325,000

Mortgage (After Refinance)

£243,750

Mortgage LTV

75%

Cash Left In

£144,108

Equity

£81,250

Rent Range

£950 - £2,500

Rent Estimate

£1,360

Running Costs/mo

£1,308

Cashflow/mo

£52

Cashflow/yr

£629

ROI

0%

Gross Yield

5%

Local Sold Prices

26 sold prices from £93.5K to £428.5K, average is £277.5K. £1.2K/m² to £6.4K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£395K03/210.04 mi16, Conway Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6BP2
£220K07/210.06 mi17, Colwyn Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6BX2
£209K05/210.06 mi10, Colwyn Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6BX2
£270K12/200.09 mi23, Richmond Grove, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AH2
£285K02/210.09 mi31, Conway Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6DB2
£93.5K04/230.18 mi17, Vernon Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AN2
£220K01/210.18 mi176, Bruntwood Lane, Heald Green, Cheadle, Greater Manchester SK8 3AS2
£338K01/230.24 mi75, Turves Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AE2
£235K05/230.3 mi19, Long Croft Lane, Cheadle Hulme, Cheadle, Greater Manchester SK8 6SE2
£406.9K02/210.5 mi123a, Cheadle Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5DQ2
£428.5K03/210.56 mi1, Grange Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5EN2
£293.5K02/210.61 mi51, Syddall Avenue, Heald Green, Cheadle, Greater Manchester SK8 3AA2
£420K06/210.64 mi1, Higham Street, Cheadle Hulme, Cheadle, Greater Manchester SK8 6LE2
£300K10/210.83 mi53, Rossendale Road, Heald Green, Cheadle, Greater Manchester SK8 3HE2
£235K01/210.84 mi17, Rosthernmere Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LE2
£232K09/210.87 mi92, Grange Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NL2
£249.9K09/230.87 mi98, Grange Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NL2
£176.5K11/200.87 mi92, Grange Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NL2
£323K04/230.88 mi26, Seymour Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6LR2
£319K11/210.88 mi12, Dundonald Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6LL2
£270K03/210.88 mi6, Dundonald Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6LL2
£240K05/210.96 miFlat 14, Outwood House, Griffin Farm Drive, Heald Green, Cheadle, Greater Manchester SK8 3AN2
£300K08/230.96 mi49, Ashdale Drive, Heald Green, Cheadle, Greater Manchester SK8 3SY2
£200K03/210.96 mi87, Station Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7BG2
£315K02/230.98 mi30, Birchdale Avenue, Heald Green, Cheadle, Greater Manchester SK8 3ST2
£335K07/230.99 mi13, Kendal Drive, Gatley, Cheadle, Greater Manchester SK8 4QJ2

Local Rents

19 rents from £950/mo to £2.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,05008/240.04 mi-2
£1,05008/240.04 miColwyn Road, Cheadle Hulme, Cheadle, SK82
£1,30008/240.1 miPenryhn Avenue, Cheadle Hulme2
£1,10008/240.48 mi-2
£1,20003/250.48 mi-2
£95008/240.5 miMoseley Grange, Cheadle Hulme, Cheadle, SK8 5EZ2
£1,30009/240.51 mi13 Oaktree Cottages Anfield Road Cheadle Hulme Cheshire2
£95009/240.51 miMoseley Grange, Cheadle Hulme2
£1,30008/240.53 miEton Drive, Cheadle Hulme2
£1,30008/240.56 miWilmslow Road, Heald Green2
£1,25009/240.56 miWilmslow Road, Heald Green2
£2,50008/240.59 mi-2
£2,50008/240.59 mi-2
£2,35003/250.59 mi-2
£2,50004/250.59 mi-2
£1,34504/250.6 mi-2
£1,20009/240.6 miBloomfield Close, Cheadle Hulme, Stockport, SK86RR2
£1,15009/240.62 miBloomfield Close, CHEADLE, Cheadle Hulme, SK82
£1,15009/240.62 miBloomfield Close, CHEADLE, Cheadle Hulme, SK82

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

0.58 miles away

Nearest school

0.10 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Price changed to £325,000

December 13, 2024

Listed for £350,000

October 30, 2024

Floor Plans

Description

  • NO CHAIN +
  • Spacious two bedroom detached bungalow +
  • In need of some updating +
  • Generous sitting room and lounge diner +
  • Driveway leading to carport +
  • Paved low maintenance gardens +
  • Cul de sac location +
  • Book a viewing 24/7 on the Yopa hub +

NO CHAIN   SPACIOUS TWO BEDROOM DETACHED BUNGALOW THAT IS IN A CUL DE SAC LOCATION, LOW MAINTENANCE PAVED GARDENS WITH WELL STOCKED SHRUB BORDERS, driveway providing off road parking and leading to carport. Lounge diner to the front of the property with door to kitchen, lean to utility area. Generous sitting room measuring 24'9 x 11', Bedroom one with built in wardrobes, bedroom two/office. Conservatory.  The property is in need of some updating and can also has the possibility of being reconfigured to suit.

**Description **

Hallway   Double glazed door to side elevation, laminate flooring, two modesty glazed windows to side elevation, cupboard housing gas central heating boiler, storage cupboard.  Lounge diner    Two small paned effect double glazed windows to front elevation, laminate flooring, two central heating radiators, wall mounted electric fire, storage cupboard.  **Kitchen **   Comprehensive range of base and wall units with work top over housing one and a half bowl sink unit with single side drainer, mixer tap, complementary tiling, space for cooker, space for fridge/freezer, central heating radiator, double glazed window to side elevation, double glazed door to side elevation and leading to utility area, Door leading to hallway and sliding door to lounge diner.  Sitting room   Two windows to side elevation, T.C. point, inset wall gas fire, central heating radiator, doubel glazed bay window to rear elevation, door giving access to bedroom tow/ office, doubel glazed door leading to conservatory. Conservatory   Double glazed windows to rear and side elevations, Double glazed door to side elevation.  Bedroom one   Double glazed window to side elevation, laminate flooring, built in wardrobe. Bedroom two   Double glazed window to rear elevation, loft access ( part boarded/ladder and light)

Outside   Paved rear garden with paved seating area, variety of shrubs, Fence to rear and side elevations, fully enclosed with gated access. Paved to front elevation with shrub flower/shrub borders. Driveway providing off road parking leading to carport. 

**SERVICES **  Mains water, gas, electricity and drainage  TENURE  Leasehold **AWAITING EPC **

Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, North West & Midlands

01525 659945

Next Steps?

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