2 Bed Flat, Single Let, Cheadle Hulme, SK8 3LS, £164,950

Avon Road, Cheadle, SK8 3LS - 5 months ago

Under Offer
Leasehold
BTL
ROI: 7%
~49 m²
+7 photos

ValuationOvervalued

Sold Prices£40.5K - £290K
Sold Prices/m²£1.5K/m² - £3.8K/m²

 

 

Square Metres

~48.70 m²
Price/m²£3.4K/m²

Value Estimate

£119,639

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,238

Stamp Duty & Legal Fees

£10,247

Total Cash In

£51,484

 

 

Cash Out

 

Rent Range

£900 - £2,500

Rent Estimate

£1,025

Running Costs/mo

£740

Cashflow/mo

£285

Cashflow/yr

£3,414

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £40.5K to £290K, average is £160K. £1.5K/m² to £3.8K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£193K01/230.1 miFlat 3, Garden Villas, Outwood Road, Heald Green, Cheadle, Greater Manchester SK8 3LA2
£146.5K11/210.15 mi10a, Haddon Road, Heald Green, Cheadle, Greater Manchester SK8 3HN2
£150K12/220.15 mi10a, Haddon Road, Heald Green, Cheadle, Greater Manchester SK8 3HN2
£133.5K03/210.15 mi22a, Haddon Road, Heald Green, Cheadle, Greater Manchester SK8 3HN2
£145K04/210.19 mi12, Newbury Road, Heald Green, Cheadle, Greater Manchester SK8 3PA2
£207.5K07/230.22 mi6, Coppice Court, Heald Green, Cheadle, Greater Manchester SK8 3JY2
£250K10/220.22 mi9, Coppice Court, Heald Green, Cheadle, Greater Manchester SK8 3JY2
£140K06/210.23 mi2, Wells Close, Heald Green, Cheadle, Greater Manchester SK8 3NA2
£180K05/230.36 mi48, Roseacre Drive, Heald Green, Cheadle, Greater Manchester SK8 3UP2
£160K05/210.36 mi36, Roseacre Drive, Heald Green, Cheadle, Greater Manchester SK8 3UP2
£145K05/210.36 mi12, Bamford Close, Heald Green, Cheadle, Greater Manchester SK8 3BD2
£172.5K08/230.36 mi8, Bamford Close, Heald Green, Cheadle, Greater Manchester SK8 3BD2
£232.3K02/230.45 miFlat 15, Outwood House, Griffin Farm Drive, Heald Green, Cheadle, Greater Manchester SK8 3AN2
£160K11/200.71 mi11, Brompton Way, Handforth, Wilmslow, Cheshire SK9 3NB2
£175K02/230.72 miApartment 9, Hampton Court, Wilmslow Road, Handforth, Wilmslow, Cheshire East SK9 3GA2
£158.8K03/230.81 mi19, Eton Drive, Cheadle, Greater Manchester SK8 3WA2
£220K06/210.81 mi8, Eton Drive, Cheadle, Greater Manchester SK8 3WA2
£40.5K10/210.86 mi44 Stanley Park Grange, Chelford Road, Handforth, Wilmslow, Cheshire East SK9 3SF2
£226.5K04/211.04 mi22, Conway Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6BP2
£88K06/211.08 miFlat 8, Wilmslow View, Henbury Road, Handforth, Wilmslow, Cheshire East SK9 3PJ2
£200K04/231.11 mi34, Lostock Road, Handforth, Wilmslow, Cheshire East SK9 3PZ2
£228K07/231.18 miFlat 28, South View Gardens, Schools Hill, Cheadle, Greater Manchester SK8 1PA2
£240K11/201.18 miFlat 31, South View Gardens, Schools Hill, Cheadle, Greater Manchester SK8 1PA2
£265K03/231.18 miFlat 31, South View Gardens, Schools Hill, Cheadle, Greater Manchester SK8 1PA2
£130K08/211.21 mi89, Silverdale Road, Gatley, Cheadle, Greater Manchester SK8 4RF2
£185K01/231.23 miFlat 6, St James Court, Stanley Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6QN2
£190K03/231.25 mi32, Stanley Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6PN2
£140K02/211.25 mi22, Stanley Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6PN2
£97K05/231.27 mi41, Calve Croft Road, Manchester, Greater Manchester M22 5FY2
£240K08/231.33 mi25, Shelley Court, Cheadle Hulme, Cheadle, Greater Manchester SK8 6JH2
£179.5K03/231.38 miFlat 5, Brook Lodge, Schools Hill, Cheadle, Greater Manchester SK8 1JB2
£110K05/231.42 mi18, Ardmore Walk, Manchester, Greater Manchester M22 5QG2
£131K11/201.42 mi16, Ardmore Walk, Manchester, Greater Manchester M22 5QG2
£137.5K05/231.42 mi20, Ardmore Walk, Manchester, Greater Manchester M22 5QG2
£125K08/211.44 mi1, Ravenscar Crescent, Manchester, Greater Manchester M22 0HZ2
£135K09/231.45 mi48, Studland Road, Manchester, Greater Manchester M22 5AN2
£290K04/231.45 mi51, Grove Lane, Cheadle Hulme, Cheadle, Greater Manchester SK8 7LZ2
£175K09/231.45 mi24, Woodstock Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7LD2
£160K11/211.45 mi32, Woodstock Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7LD2
£80K07/211.45 miFlat 17, Ferndale, Station Road, Handforth, Wilmslow, Cheshire East SK9 3AB2
£158K10/211.5 mi23, Moseley Grange, Cheadle Hulme, Cheadle, Greater Manchester SK8 5EZ2
£151K05/211.5 mi41, Moseley Grange, Cheadle Hulme, Cheadle, Greater Manchester SK8 5EZ2
£175K12/221.5 mi40, Moseley Grange, Cheadle Hulme, Cheadle, Greater Manchester SK8 5EZ2
£185K03/241.5 mi11, Brayford Road, Manchester, Greater Manchester M22 0NS2
£116K03/211.51 mi87, Cornishway, Manchester, Greater Manchester M22 1PA2
£158K08/231.52 mi2, Knowe Avenue, Manchester, Greater Manchester M22 0FG2
£163K12/221.74 mi40, Brookfield Road, Cheadle, Greater Manchester SK8 1ES2
£127K12/201.75 mi19, Alder Road, Cheadle, Greater Manchester SK8 1EW2
£238K07/231.77 mi11, Ackersley Court, Cheadle Hulme, Cheadle, Greater Manchester SK8 7EW2
£185K06/211.77 mi6, Ackersley Court, Cheadle Hulme, Cheadle, Greater Manchester SK8 7EW2

Local Rents

15 rents from £900/mo to £2.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,12502/250.17 mi-2
£1,15008/240.17 mi-2
£90008/240.23 mi-2
£90010/240.23 mi-2
£1,35009/240.27 miOakdene Avenue, Heald Green, SK82
£1,20012/240.39 mi-2
£2,50008/240.44 mi-2
£2,50008/240.44 mi-2
£2,35004/250.44 mi-2
£2,50004/250.44 mi-2
£1,30008/240.48 miWilmslow Road, Heald Green2
£1,25009/240.48 miWilmslow Road, Heald Green2
£1,10005/240.57 miSheen Gardens, Heald Green, Manchester2
£1,10006/240.59 miSheen Gardens, Heald Point,Manchester2
£1,30005/240.59 miSheen Gardens, Moss Nook2

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

1.46 miles away

Nearest school

0.20 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £164,950

December 4, 2024

Floor Plans

Description

  • NEWLY REFURBISHED +
  • FITTED WARDROBES +
  • NEWLY FITTED KITCHEN +
  • BRAND NEW FLOORING +
  • NEW BATHROOM +
  • GREAT LOCATION +

The Property Beautifully presented and recently refurbished 1st floor, 2-bedroom apartment. Great opportunity for investors or first-time buyers. Internally there is a spacious entrance hallway, large living room with separate spacious fully fitted kitchen, there are two bedrooms, and a new refurbished bathroom with fitted bathtub. Externally there is residents parking to the rear.

  • Entrance Hallway – large hallways with laminate flooring and radiator
  • Living Room/Dining room – Large space with bay window to the rear and a large window to the side both with internal fitted shutters. New flooring which is laminate Herringbone and space for a dining table.
  • Kitchen – Newly renovated and large fully fitted kitchen with gloss cupboards and wood effect worktops. There are two large windows with garden views. The kitchen comes with integrated appliances such as microwave, electric hob and oven with extractor, dishwasher, washing machine and fridge freezer. There is a mixer tap with sink and Herringbone laminate flooring.
  • Bed 1 – New carpet flooring with newly fitted wardrobes and radiator
  • Bed 2 – Herringbone flooring with window and radiator
  • Bathroom –Newly refurbished, fully tiled with fitted bathtub and shower, W/C, sink unit, extractor, and window with internal shutters. The apartment has gas and electric and the boiler is 4 years old. Externally there are private communal gardens.   Ground rent is £10.00 and service charge is £74.00 per month The lease has 242 Years remaining. Please call to arrange a viewing Disclaimer These particulars do not constitute or form part of an offer or contract nor may they be regarded as representations. All dimensions are approximate for guidance only, their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose or included in the Sale. Buyers are advised to obtain verification from their solicitors as to the tenure if the property, as well as fixtures and fittings and where the property has been extended/converted as to planning approval and building regulations. All interested parties must themselves verify their accuracy. **Are you thinking of selling? **Here at The Good Estate Agent we offer free no obligation valuation appointments at a time that suits you best. We are available for valuations and viewings all day and evenings and weekends. We are open 6 days a week to provide the most flexible appointment times possible. We are a proactive and friendly team all living in and around the Wilmslow area and we have a wealth of knowledge of the local Property Market. When you choose The Good Estate Agent you will have one point of contact throughout the entire sales process.

FinanceWe work very closely with an Independent Financial Advisor who is based in our local office. If you are looking for Independent, Whole of Market, No Obligation Mortgage Advice please call or come along to our office for a chat with one of their Team.

Council Tax Band The council tax band for this property is A.

Agent Details

The Good Estate Agent, National

01303 761722

Next Steps?

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