2 Bed Bungalow, Refurb/BRRR, Cheadle Hulme, SK8 2AW, £265,000

Dryden Avenue, Cheadle, SK8 2AW - 4 months ago

Sold STC
Refurb/BRRR
Planning
ROI: 1%
~56 m²
+6 photos

ValuationOvervalued

Sold Prices£145.3K - £330K
Sold Prices/m²£1.9K/m² - £6.2K/m²

 

 

Square Metres

~56 m²
Price/m²£4.7K/m²

Value Estimate

£175,131

 

 

End Value (After Refurb)

£252,375

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£15,200

Refurb Costs

£23,742

Bridging Loan Interest

£6,956

Total Cash In

£113,898

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£252,375

Mortgage (After Refinance)

£189,281

Mortgage LTV

75%

Cash Left In

£113,898

Equity

£63,094

Rent Range

£850 - £1,300

Rent Estimate

£1,119

Running Costs/mo

£1,032

Cashflow/mo

£87

Cashflow/yr

£1,038

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £145.3K to £330K, average is £232.3K. £1.9K/m² to £6.2K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£224.7K01/210.05 mi18, Tennyson Road, Cheadle, Greater Manchester SK8 2AR2
£188.3K11/200.11 mi24, Brook Street, Cheadle, Greater Manchester SK8 2BX2
£252.5K04/210.11 mi50, Brook Street, Cheadle, Greater Manchester SK8 2BX2
£252K04/230.11 mi1, Brook Street, Cheadle, Greater Manchester SK8 2BX2
£282.5K01/230.16 mi51, Frances Street, Cheadle, Greater Manchester SK8 2AL2
£193K02/210.18 mi6, Frances Street, Cheadle, Greater Manchester SK8 2AE2
£208K02/210.2 mi46, Deane Avenue, Cheadle, Greater Manchester SK8 2DW2
£200K03/210.2 mi54, Deane Avenue, Cheadle, Greater Manchester SK8 2DW2
£232K09/210.23 mi80, New Hey Road, Cheadle, Greater Manchester SK8 2AQ2
£279.9K04/230.23 mi7, New Hey Road, Cheadle, Greater Manchester SK8 2AQ2
£223K12/200.23 mi32, New Hey Road, Cheadle, Greater Manchester SK8 2AQ2
£225K02/210.23 mi22, New Hey Road, Cheadle, Greater Manchester SK8 2AQ2
£275K05/230.23 mi39, New Hey Road, Cheadle, Greater Manchester SK8 2AQ2
£275K10/210.23 mi72, New Hey Road, Cheadle, Greater Manchester SK8 2AQ2
£270K02/230.24 mi9, Jackson Street, Cheadle, Greater Manchester SK8 2AU2
£237.5K06/210.25 mi27, Jackson Street, Cheadle, Greater Manchester SK8 2AU2
£226.5K07/210.25 mi21, Jackson Street, Cheadle, Greater Manchester SK8 2AU2
£242.5K04/210.25 mi30, Jackson Street, Cheadle, Greater Manchester SK8 2AU2
£230.9K02/210.25 mi34, Jackson Street, Cheadle, Greater Manchester SK8 2AU2
£255K12/200.25 mi18, Jackson Street, Cheadle, Greater Manchester SK8 2AU2
£247K04/210.26 mi32, Cromer Road, Cheadle, Greater Manchester SK8 2AX2
£232.5K03/210.26 mi14, Cromer Road, Cheadle, Greater Manchester SK8 2AX2
£160K06/210.26 mi28, Cromer Road, Cheadle, Greater Manchester SK8 2AX2
£260.9K06/210.26 mi34, Cromer Road, Cheadle, Greater Manchester SK8 2AX2
£290K02/230.26 mi39, Bulkeley Road, Cheadle, Greater Manchester SK8 2AD2
£235K03/210.26 mi25, Bulkeley Road, Cheadle, Greater Manchester SK8 2AD2
£267K02/230.27 mi10, Platt Street, Cheadle, Greater Manchester SK8 2AY2
£267.5K09/210.27 mi11, Platt Street, Cheadle, Greater Manchester SK8 2AY2
£240K03/210.27 mi18, Platt Street, Cheadle, Greater Manchester SK8 2AY2
£188K06/210.29 mi64, St Davids Road, Cheadle, Greater Manchester SK8 2HJ2
£210K09/210.29 mi61, St Davids Road, Cheadle, Greater Manchester SK8 2HJ2
£200K01/210.44 mi9, Nursery Lane, Stockport, Greater Manchester SK3 0PW2
£203K11/210.44 mi25, York Close, Cheadle, Greater Manchester SK8 2JJ2
£266K02/230.44 mi5, Nursery Lane, Stockport, Greater Manchester SK3 0PW2
£198K07/210.46 mi28, Holly Avenue, Cheadle, Greater Manchester SK8 1EP2
£200K04/210.49 mi6, Alder Road, Cheadle, Greater Manchester SK8 1EW2
£207.6K04/210.5 mi14, Elm Road South, Stockport, Greater Manchester SK3 0SR2
£197.1K04/230.52 mi5, Eva Road, Stockport, Greater Manchester SK3 0SX2
£145.3K10/200.52 mi20, Tarvin Road, Cheadle, Greater Manchester SK8 2LL2
£169K04/210.53 mi5, Birchfield Road, Stockport, Greater Manchester SK3 0SY2
£177.9K01/210.53 mi15, Birchfield Road, Stockport, Greater Manchester SK3 0SY2
£182K12/200.53 mi6, Birchfield Road, Stockport, Greater Manchester SK3 0SY2
£190.6K01/230.54 mi12, Abbey Road, Cheadle, Greater Manchester SK8 2JW2
£295K12/200.54 mi1a, Brooklyn Road, Cheadle, Greater Manchester SK8 1BS2
£235K12/220.55 mi19, Lime Grove, Cheadle, Greater Manchester SK8 1PF2
£330K08/230.55 mi8, Lime Grove, Cheadle, Greater Manchester SK8 1PF2
£275K12/220.57 mi39, Heathside Road, Stockport, Greater Manchester SK3 0SW2
£220K12/220.57 mi8, Heathside Road, Stockport, Greater Manchester SK3 0SW2
£235K01/210.57 mi17, Rosthernmere Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LE2
£262K11/200.58 mi14a, Wilmslow Road, Cheadle, Greater Manchester SK8 1NE2

Local Rents

23 rents from £850/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£90008/240.11 miStockport Road, SK82
£1,05007/240.14 mi-2
£1,20009/240.17 miStockport Road, Cheadle, Greater Manchester, SK82
£1,24503/250.18 mi-2
£1,25008/240.21 miNew Hey Road, Cheadle, SK8 2AQ2
£1,24512/240.23 mi-2
£1,15011/230.23 miNew Hey Road, Cheadle, SK82
£1,20008/240.24 mi-2
£1,25007/240.24 mi-2
£1,10008/240.25 miJackson Street, Cheadle, Stockport SK82
£1,20009/240.25 miBulkeley Road, Cheadle2
£1,20008/240.26 miJackson Street, Cheadle2
£92508/240.27 miCarrs Road, Cheadle, Greater Manchester, SK82
£1,05008/240.27 mi-2
£1,20008/240.27 mi-2
£85009/240.37 miGladville Drive, Cheadle2
£1,20012/240.5 miElm Road South, Stockport, SK3 0SR2
£1,10008/240.51 miMassie Street, Cheadle2
£95009/240.52 miMary Street, Cheadle, SK8 1AH2
£1,30008/240.55 miLime Grove, Cheadle, Cheshire, SK82
£89509/240.59 miOld Rectory Gardens, Cheadle, SK8 1BX2
£1,00009/240.61 miDixon Court, Cheadle, Stockport, Cheshire, SK8 1DE2
£1,15012/240.62 miShaftesbury Road, Cheadle Heath, Stockport, SK3 0SH2

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

1.53 miles away

Nearest school

0.20 miles away

Nearest train station

1.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £265,000

December 19, 2024

Floor Plans

Description

  • For Material Information Please See Below The Description. +

Welcome to Dryden Avenue, Cheadle, where you'll find this charming semi-detached bungalow situated in a popular and highly convenient location. While the property would benefit from some modernisation, it offers an excellent opportunity for the new owner to personalize and add their own touch. The accommodation includes an inviting entrance hall, a spacious bay-fronted living room, a kitchen, a shower room, and two generously sized double bedrooms. Externally, the property boasts a good-sized plot with a mature rear garden along with a well-maintained garden to the front. Dryden Avenue has easy direct walking access into Cheadle Village alongside excellent transport links.

MATERIAL INFORMATION

PART A
Council Tax c
Freehold
PART B
Property Type & Construction - Brick built and tiled roof
Electric and Water Supply - YES
Heating - Gas Central Heating does not work and requires replacement. Quote for repair is circa £5000 which is reflected in the price.
Sewerage - Mains
Broadband - 1000mb
Mobile Coverage - Good
Parking - On Street Parking
PART C
Building Safety - No Known Issues
Restrictions - No Know Issues
Rights & Easements - None
Flooded: No
Flood Risk Rivers & Sea: Very low
Flood Risk Surface Water: Very low
Coastal Erosion Risk: No
Planning Permission: N/A
Accessibility / Adaptions: None
Coalfield or Mining area: No
Energy Rating - E

Agent Details

Snowden Wilkinson, Cheadle Hulme

0161 524 3996

Next Steps?

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