4 Bed Detached House, Refurb/BRRR, Cheadle Hulme, SK8 1LE, £1,250,000

Daylesford Road, Cheadle, SK8 1LE - 3 views - 3 months ago

Sold STC
Cash
Refurb/BRRR
~129 m²
+20 photos

ValuationOvervalued

Sold Prices£270K - £845K
Sold Prices/m²£2.2K/m² - £7.1K/m²

 

 

Square Metres

~129.26 m²
Price/m²£9.7K/m²

Value Estimate

£440,358

 

 

End Value (After Refurb)

£715,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£312,500

Stamp Duty & Legal Fees

£104,950

Refurb Costs

£54,800

Bridging Loan Interest

£32,813

Total Cash In

£506,813

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£715,500

Mortgage (After Refinance)

£536,625

Mortgage LTV

75%

Cash Left In

£506,813

Equity

£178,875

Rent Range

£1,350 - £3,250

Rent Estimate

£1,979

Running Costs/mo

£2,652

Cashflow/mo

£-673

Cashflow/yr

£-8,073

Gross Yield

2%

Local Sold Prices

51 sold prices from £270K to £845K, average is £480K. £2.2K/m² to £7.1K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£614K01/230.04 mi43, Daylesford Road, Cheadle, Greater Manchester SK8 1LE4
£630K04/210.06 mi26, Daylesford Crescent, Cheadle, Greater Manchester SK8 1LH4
£714K06/210.07 mi51, Barcheston Road, Cheadle, Greater Manchester SK8 1LJ4
£548.5K06/210.15 mi58, Schools Hill, Cheadle, Greater Manchester SK8 1JB4
£625K08/230.17 mi2, Mornington Road, Cheadle, Greater Manchester SK8 1NJ4
£737K03/210.21 mi36, Broadway, Cheadle, Greater Manchester SK8 1LD4
£587K09/210.21 mi299, Kingsway, Cheadle, Greater Manchester SK8 1LP4
£650K02/210.24 mi76, Schools Hill, Cheadle, Greater Manchester SK8 1JD4
£316K12/200.34 mi69, Silverdale Road, Gatley, Cheadle, Greater Manchester SK8 4QR4
£420K01/210.4 mi235, Kingsway, Cheadle, Greater Manchester SK8 1LA4
£800K05/230.41 mi29, Foxland Road, Gatley, Cheadle, Greater Manchester SK8 4QA4
£845K07/230.42 mi24, Park Lodge Close, Cheadle, Greater Manchester SK8 1HU4
£475K06/210.51 mi11, Torkington Road, Gatley, Cheadle, Greater Manchester SK8 4PR4
£480K06/230.53 mi6, Appleby Road, Gatley, Cheadle, Greater Manchester SK8 4QD4
£470K12/200.53 mi109, St Anns Road North, Heald Green, Cheadle, Greater Manchester SK8 4RY4
£495K03/210.53 mi111, St Anns Road North, Heald Green, Cheadle, Greater Manchester SK8 4RY4
£445K09/210.53 mi103, St Anns Road North, Heald Green, Cheadle, Greater Manchester SK8 4RY4
£584K01/210.54 mi22, Foxland Road, Gatley, Cheadle, Greater Manchester SK8 4QB4
£390K05/230.58 mi21, Borrowdale Avenue, Gatley, Cheadle, Greater Manchester SK8 4QE4
£475K12/200.58 mi12, Marrick Avenue, Cheadle, Greater Manchester SK8 1QQ4
£420K12/210.58 mi55, Grasmere Road, Gatley, Cheadle, Greater Manchester SK8 4RS4
£353K01/230.61 mi5, Farley Court, Cheadle Hulme, Cheadle, Greater Manchester SK8 5JG4
£600K07/230.62 mi3, Kentmere Close, Gatley, Cheadle, Greater Manchester SK8 4RD4
£287.9K01/210.66 mi3, The Mews, Gatley, Cheadle, Greater Manchester SK8 4PS4
£407K03/230.66 mi1, The Mews, Gatley, Cheadle, Greater Manchester SK8 4PS4
£655K06/210.67 mi27, Cheadle Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HL4
£415K06/210.68 mi19, Brook Road, Cheadle, Greater Manchester SK8 1PQ4
£440K06/230.68 mi23, Brook Road, Cheadle, Greater Manchester SK8 1PQ4
£542K05/210.7 mi85, St Anns Road North, Heald Green, Cheadle, Greater Manchester SK8 4RZ4
£615K08/230.7 mi11, Marchbank Drive, Cheadle, Greater Manchester SK8 1QY4
£560K01/210.72 mi20, Linksway, Gatley, Cheadle, Greater Manchester SK8 4LB4
£530K12/220.73 mi171, Queens Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HX4
£420.5K12/200.78 mi20, Oakwood Avenue, Gatley, Cheadle, Greater Manchester SK8 4LR4
£535K07/230.78 mi3, Pembroke Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 6GQ4
£480K11/210.8 mi74, South Park Road, Gatley, Cheadle, Greater Manchester SK8 4AN4
£400K03/230.81 mi2a, East Downs Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5ES4
£280K12/200.84 mi2, Dryden Avenue, Cheadle, Greater Manchester SK8 2AW4
£388K04/210.85 mi75, Belmont Road, Gatley, Cheadle, Greater Manchester SK8 4AG4
£500K06/230.85 mi69, Belmont Road, Gatley, Cheadle, Greater Manchester SK8 4AG4
£465K04/210.85 mi67, Belmont Road, Gatley, Cheadle, Greater Manchester SK8 4AG4
£370K06/230.86 mi64, Cheadle Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5ET4
£550K11/210.86 mi86, Gleneagles Road, Heald Green, Cheadle, Greater Manchester SK8 3EN4
£390K07/230.87 mi53, Councillor Lane, Cheadle, Greater Manchester SK8 2HX4
£390K07/230.87 mi53, Councillor Lane, Cheadle, Greater Manchester SK8 2HX4
£545K07/230.88 mi10, Vale Crescent, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AG4
£500.3K12/200.88 mi11, Turnberry Road, Heald Green, Cheadle, Greater Manchester SK8 3EP4
£430K03/210.89 mi120, Styal Road, Heald Green, Cheadle, Greater Manchester SK8 3TG4
£490K07/230.9 mi5, Carnoustie Drive, Heald Green, Cheadle, Greater Manchester SK8 3EW4
£270K03/210.9 mi48, Brandon Avenue, Heald Green, Cheadle, Greater Manchester SK8 3SQ4
£392.5K01/210.9 mi22, St Andrews Road, Heald Green, Cheadle, Greater Manchester SK8 3ES4
£392.5K01/210.91 mi22, St Andrews Road, Heald Green, Cheadle, Greater Manchester SK8 3ES4

Local Rents

19 rents from £1.4K/mo to £3.3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£2,50008/240.09 miBarcheston Road, Cheadle, Greater Manchester, SK85
£2,60008/240.11 mi-5
£2,70009/240.15 miThe Downs, Cheadle, Cheshire, Greater Manchester, SK84
£1,99509/240.16 miCringle Drive, Cheadle3
£2,00009/240.16 miCringle Drive, Cheadle, Greater Manchester, SK84
£1,65009/240.17 miSchools Green, Cheadle, SK8 1JL3
£1,50009/240.25 miKendal Drive, Gatley3
£1,55009/240.27 miKendal Drive, SK83
£2,35009/240.29 mi-4
£3,25003/250.36 mi-5
£1,50009/240.43 miSilverdale Road, Gatley,SK8 4QS3
£3,20008/240.44 mi-5
£3,10004/250.44 mi-5
£1,75009/240.47 miAlcester Road, Gatley, Cheadle3
£1,75010/240.51 mi-3
£1,75009/240.53 miAlcester Road, Gatley, Cheadle, SK83
£1,75009/240.53 miAlcester Road, SK8, Gatley3
£1,35004/250.54 mi-3
£1,35008/240.55 mi-3

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

1.36 miles away

Nearest school

0.20 miles away

Nearest train station

0.73 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £1,250,000

January 3, 2025

Floor Plans

Description

  • ONCE IN A LIFETIME OPPORTUNITY +
  • This is “THAT House” that for so many years people have tried to purchase off market…. +
  • Build Your Dream Home +
  • Huge Plot circa 0.65 Acres +
  • Magnificent Grounds +
  • Highly Regarded Location +
  • Create your own Bespoke Masterpiece +
  • In and Out Driveway +

ONCE IN A LIFETIME OPPORTUNITY. CASH BUYERS ONLY. This is “THAT House” that for so many years people have tried to purchase off market; Create Your Bespoke on this Huge Plot. PLEASE NOTE THE CGI IMAGES REPRESENT WHAT THE EXTENDED HOME COULD LOOK LIKE SUBJECT TO ALL NECCESSARY PLANNING CONSENT

The property is literally a Blank Canvas, the property is in need of Total Renovation, either a knock down and new build or remodel and extend, it has illustrated plans with renders comes to circa 7,800 SQ FT

The imagery displayed is a digital artist’s impression of what could be achieved, the world literally is your oyster. The plot is large enough to accommodate a substantial dwelling as precedents have already been set numerous times all along Daylesford road

Agent Details

Shrigley Rose & Co, North West

0161 524 8390

Next Steps?

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