3 Bed Semi-Detached House, Refurb/BRRR, Cheadle Hulme, SK8 6JY, £350,000

Haslemere Drive, Cheadle Hulme, SK8 6JY - 4 views - 4 months ago

Sold STC
Leasehold
Refurb/BRRR
~93 m²
+12 photos

ValuationFair Value

Sold Prices£225K - £585K
Sold Prices/m²£2.5K/m² - £6.2K/m²

 

 

Square Metres

~93 m²
Price/m²£3.8K/m²

Value Estimate

£353,534

 

 

End Value (After Refurb)

£383,348

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£39,428

Bridging Loan Interest

£9,188

Total Cash In

£154,566

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£383,348

Mortgage (After Refinance)

£287,511

Mortgage LTV

75%

Cash Released

£25,011

Cash Left In

£129,555

Equity

£95,837

Rent Range

£850 - £1,900

Rent Estimate

£1,482

Running Costs/mo

£1,514

Cashflow/mo

£-32

Cashflow/yr

£-388

Gross Yield

5%

Local Sold Prices

51 sold prices from £225K to £585K, average is £365K. £2.5K/m² to £6.2K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£485K07/230.14 mi4, Heathbank Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HG3
£383K03/230.19 mi28, Almond Tree Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HW3
£427.5K02/230.2 mi13, Bellfield Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AG3
£353K10/210.21 mi18, Thornfield Grove, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AZ3
£317K02/210.22 mi49, Turves Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AA3
£346K12/200.22 mi60, Nursery Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HL3
£350K02/210.22 mi26, Nursery Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HL3
£330K01/210.24 mi61, Nursery Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HN3
£335K06/210.24 mi33, Nursery Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HN3
£380K07/230.24 mi73, Nursery Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HN3
£324K06/210.26 mi3, Lorna Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5BJ3
£393K02/210.26 mi16, Tenby Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 7BR3
£370K09/210.28 mi80, Cheadle Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5DP3
£442.5K01/210.3 mi7, Higham Street, Cheadle Hulme, Cheadle, Greater Manchester SK8 6LE3
£375K03/230.3 mi2, Venlo Gardens, Cheadle Hulme, Cheadle, Greater Manchester SK8 7BX3
£340K02/230.33 mi88, Turves Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AP3
£335K10/210.33 mi8, Brabant Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AU3
£338K01/210.33 mi21, Cranbourne Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AS3
£330K02/210.33 mi7, Cranbourne Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AS3
£342.5K02/210.33 mi18, Cranbourne Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AS3
£365K07/210.33 mi25, Cranbourne Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AS3
£480K01/210.34 mi21, Upton Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7HX3
£435K02/230.35 mi29, Musbury Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AT3
£435K02/210.35 mi57, Marlborough Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AP3
£585K02/210.36 mi3, Lindsay Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7BQ3
£530K06/230.37 mi9, Parkfield Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6EX3
£425K03/230.38 mi26, Brabant Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AU3
£420K11/200.4 mi4, Queens Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5DN3
£568K06/230.4 mi20, Kingsley Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LZ3
£450K11/200.4 mi70, Marlborough Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AW3
£510.5K08/230.42 mi5, Henley Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6DP3
£360K12/200.42 mi10, Beatrice Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5DZ3
£432K04/230.43 mi18, Ravenoak Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7DL3
£285K06/230.44 mi42, Willow Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AX3
£251K06/210.45 mi2, Fairfield Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AF3
£225K06/210.45 mi93, Willow Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6BD3
£230K02/230.45 mi65, Willow Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6BD3
£340K12/200.45 mi19, Wyngate Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6ER3
£325K02/210.46 mi14, Henley Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6DW3
£400K05/230.46 mi36, Henley Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6DW3
£382.6K04/230.47 mi7, Norwood Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5EJ3
£440K01/230.48 mi67, Queens Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HH3
£277K04/210.48 mi117, Crossefield Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5PF3
£340K07/230.49 mi70, Buckingham Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NA3
£340K07/230.49 mi70, Buckingham Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NA3
£329K06/210.51 mi4, Crossefield Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5PE3
£365K05/230.51 mi72, Crossefield Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5PE3
£330K01/230.52 mi74, Crossefield Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5PE3
£405K06/230.53 mi13, Kings Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5EL3
£425K02/230.53 mi15, Linden Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NB3
£420K04/230.54 mi20, Barley Croft, Cheadle Hulme, Cheadle, Greater Manchester SK8 6SL3

Local Rents

43 rents from £850/mo to £1.9K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40009/240.08 miPinfold Drive, Cheadle3
£1,55011/240.35 mi-3
£1,60009/240.35 miMarlborough Avenue, Cheadle Hulme3
£1,90009/240.48 miShaftesbury Avenue, Cheadle Hulme, Cheadle3
£1,75003/250.56 mi-3
£85008/240.58 miMoseley Grange, Cheadle Hulme3
£1,68012/240.73 mi-3
£1,55002/240.73 mi-3
£1,25009/240.75 miNewlands Avenue, Cheadle Hulme3
£1,20008/240.83 miSunningdale Road, Cheadle, Greater Manchester, SK83
£1,25009/240.86 miSandbach Walk, Cheadle, Stockport3
£1,50002/250.86 mi-3
£1,80008/240.86 miSunningdale Road, Cheadle Hulme, Cheadle, SK83
£1,74912/240.88 mi-3
£1,45010/240.97 mi-3
£1,45009/240.97 miWaverley Drive, Cheadle Hulme, Cheadle, SK83
£1,50002/250.97 mi-3
£1,80001/240.98 mi-3
£1,20008/240.98 miRushton Drive; Bramhall3
£1,80003/251 mi-3
£1,40002/251.04 mi-3
£1,40012/241.04 miDane Close, Bramhall, Stockport, Greater Manchester, SK73
£1,10002/251.05 mi-3
£1,55004/251.07 mi-3
£1,39912/231.08 mi-3
£1,29509/241.08 mi-3
£1,35012/241.08 mi-3
£1,40009/241.1 miArgyll Road, Cheadle3
£1,70012/241.11 mi-3
£1,25007/241.12 mi-3
£1,25001/241.12 mi-3
£1,85002/251.13 mi-3
£1,80006/241.15 mi-3
£1,20008/241.15 mi27 Rosslyn Road, Cheadle, Greater Manchester, SK83
£1,50008/241.17 mi-3
£1,45009/231.17 mi-3
£1,50006/241.17 mi-3
£1,90010/231.19 mi-3
£1,40008/241.19 miAthlone Heights, SK8 5BX3
£1,40008/241.2 miWestmeath Avenue, SK83
£1,40008/241.2 miWestmeath Avenue, SK83
£1,40008/241.21 miAthlone Heights, SK8 5BX3
£1,65009/241.21 miCleeve Way, Cheadle3

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

0.14 miles away

Nearest school

0.30 miles away

Nearest train station

0.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £350,000

December 17, 2024

Floor Plans

Description

  • Three Bedroom Semi Detached Home +
  • No Onward Vendor Chain +
  • Central Cheadle Hulme Location +
  • Two Reception Rooms +
  • Situated on A Quiet Cul De Sac +
  • Delightful Lawn Garden with Detached Garage +
  • Shower Room and Ground Floor Wash Room / W.C +
  • In need of Modernisation +
  • Viewing Essential +
  • Tenure - Freehold / EPC - TBC / Council Tax Band - B +

A well proportioned semi detached family home requiring cosmetic updating throughout, situated on a quiet cul de sac within the heart of Cheadle Hulme. Haslemere Drive is situated within a moments walk of Cheadle Hulme Village with the amenities of Waitrose, Gusto and a variety of bars within a short walk. Cheadle Hulme station is also within close proximity providing access to Stockport Town Centre and Manchester City Centre beyond. The property is offered for sale with no onward vendor chain. The accommodation comprises of a storm porch, entrance hallway with ground floor wash room, a spacious living room with square bay window and double sliding doors opening through to the dining room. The kitchen is well sized and fitted with a range of base and eye level units with fitted storage cupboards. Stairs rise to the first floor where there are three well proportioned bedrooms served by a shower room comprising a wash basin, W.C and walk in stylish shower cubicle. Externally, the property is approached by a block paved driveway leading through to the rear garden and detached garage. The rear garden is mainly laid to lawn and stocked with a variety of plants bushes and trees providing a level of privacy. Agents Notes: Material Information Part A: Council Tax Band - C Tenure: Freehold Material Information Part B: Property Type: Semi Detached Home Property Construction: Brick and Block with Timber Frame Number of Rooms: Please refer to Floorplan for the number Electricity Supply: Yes Water Supply: Yes Sewerage: Mains Heating: Gas Central Heating with Radiators - Please refer to EPC. Broadband: According to Think Broadband Checker -  FTTP are available dependent on provider. Mobile Signal/Coverage: Voice & Data Available dependent on Provider (Please use link below to check your preferred provider speeds) Parking: Driveway Material Information Part C: Building Safety: No known issues Restrictions: None according to the Land Registry - Please refer to the annexed Land Registry Title copy PDF Flooded: We have been advised the property has never suffered from flooding Flood Risk Rivers & Sea: No risk / Flood Risk Surface Water:  Low risk Coastal Erosion Risk: No Planning Search Accessibility / Adaptions: None Coalfield or Mining area: No Energy Rating: D The property is within proximity of a railway line to the rear of the house. Material Information: Any Information added by us has been obtained from Land Registry or Sprift, who in turn collect their information from The Land Registry and Local Government sources when relevant. We strongly advise before purchasing you check this data is correct as we cannot be held responsible for displaying the sourced information which may then turn out to be incorrect. Instances of incorrect information may be where the Land Registry has a time lag and the owner of a property has purchased the Freehold but this has not been registered yet, or where the details of the Leasehold are not obvious on the Land Registry. Human error can also account for information being incorrect and we are unable to verify if the data is correct due to how the Land Registry works. Please note, some websites might block our attempts to provide you with links to the relevant information sources, so please contact our office if you need these.

Agent Details

Andrew J Dawson, Cheadle

0161 524 3532

Next Steps?

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