4 Bed Terraced House, Refurb/BRRR, Cheadle Hulme, SK8 1BW, £250,000

Massie Street, Cheadle, Stockport, SK8 1BW - 44 views - 3 months ago

Sold STC
Leasehold
Refurb/BRRR
Planning
ROI: 5%
~129 m²
+10 photos

ValuationFair Value

Sold Prices£280K - £845K
Sold Prices/m²£2.2K/m² - £6.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.9K/m²

Value Estimate

£255,000

 

 

End Value (After Refurb)

£451,515

Uplift in Value

+81%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£54,800

Bridging Loan Interest

£6,563

Total Cash In

£134,313

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£451,515

Agent Fees (1%)

£4,515

Bridging Loan

£187,500

Bridging Loan Interest

£6,563

Flip Profit

£125,187

Local Sold Prices

51 sold prices from £280K to £845K, average is £465K. £2.2K/m² to £6.9K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£415K06/210.17 mi19, Brook Road, Cheadle, Greater Manchester SK8 1PQ4
£440K06/230.17 mi23, Brook Road, Cheadle, Greater Manchester SK8 1PQ4
£475K12/200.37 mi12, Marrick Avenue, Cheadle, Greater Manchester SK8 1QQ4
£615K08/230.44 mi11, Marchbank Drive, Cheadle, Greater Manchester SK8 1QY4
£625K08/230.44 mi2, Mornington Road, Cheadle, Greater Manchester SK8 1NJ4
£280K12/200.47 mi2, Dryden Avenue, Cheadle, Greater Manchester SK8 2AW4
£737K03/210.49 mi36, Broadway, Cheadle, Greater Manchester SK8 1LD4
£420K01/210.54 mi235, Kingsway, Cheadle, Greater Manchester SK8 1LA4
£475K06/210.58 mi11, Torkington Road, Gatley, Cheadle, Greater Manchester SK8 4PR4
£630K04/210.58 mi26, Daylesford Crescent, Cheadle, Greater Manchester SK8 1LH4
£614K01/230.59 mi43, Daylesford Road, Cheadle, Greater Manchester SK8 1LE4
£480K11/210.59 mi74, South Park Road, Gatley, Cheadle, Greater Manchester SK8 4AN4
£390K07/230.6 mi53, Councillor Lane, Cheadle, Greater Manchester SK8 2HX4
£390K07/230.6 mi53, Councillor Lane, Cheadle, Greater Manchester SK8 2HX4
£330.3K06/210.6 mi25, Palmer Avenue, Cheadle, Greater Manchester SK8 2DF4
£714K06/210.61 mi51, Barcheston Road, Cheadle, Greater Manchester SK8 1LJ4
£420K01/230.62 mi12, Shakespeare Drive, Cheadle, Greater Manchester SK8 2DA4
£465K04/210.65 mi67, Belmont Road, Gatley, Cheadle, Greater Manchester SK8 4AG4
£388K04/210.65 mi75, Belmont Road, Gatley, Cheadle, Greater Manchester SK8 4AG4
£500K06/230.65 mi69, Belmont Road, Gatley, Cheadle, Greater Manchester SK8 4AG4
£845K07/230.65 mi24, Park Lodge Close, Cheadle, Greater Manchester SK8 1HU4
£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
£548.5K06/210.68 mi58, Schools Hill, Cheadle, Greater Manchester SK8 1JB4
£587K09/210.68 mi299, Kingsway, Cheadle, Greater Manchester SK8 1LP4
£800K05/230.69 mi29, Foxland Road, Gatley, Cheadle, Greater Manchester SK8 4QA4
£530K12/220.71 mi171, Queens Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HX4
£338K05/210.72 mi7, Kenilworth Road, Stockport, Greater Manchester SK3 0QU4
£380K10/220.72 mi4, Kenilworth Road, Stockport, Greater Manchester SK3 0QU4
£290K06/210.73 mi9, Bangor Road, Cheadle, Greater Manchester SK8 2EH4
£510K03/230.77 mi17, Hyldavale Avenue, Gatley, Cheadle, Greater Manchester SK8 4DE4
£584K01/210.78 mi22, Foxland Road, Gatley, Cheadle, Greater Manchester SK8 4QB4
£420.5K12/200.78 mi20, Oakwood Avenue, Gatley, Cheadle, Greater Manchester SK8 4LR4
£316K12/200.82 mi69, Silverdale Road, Gatley, Cheadle, Greater Manchester SK8 4QR4
£290K02/210.83 mi4, Gladville Drive, Cheadle, Greater Manchester SK8 2HA4
£370K03/230.84 mi6, St Margarets Road, Cheadle, Greater Manchester SK8 2HD4
£650K02/210.84 mi76, Schools Hill, Cheadle, Greater Manchester SK8 1JD4
£480K06/230.84 mi6, Appleby Road, Gatley, Cheadle, Greater Manchester SK8 4QD4
£400K04/230.84 mi4, Lloyd Avenue, Gatley, Cheadle, Greater Manchester SK8 4BT4
£360K05/210.86 mi22, Cromwell Avenue, Gatley, Cheadle, Greater Manchester SK8 4BS4
£415.3K12/200.87 mi21, Highbank Drive, Manchester, Greater Manchester M20 5QR4
£330K09/210.87 mi8, Bankside Road, Manchester, Greater Manchester M20 5GD4
£353K01/230.87 mi5, Farley Court, Cheadle Hulme, Cheadle, Greater Manchester SK8 5JG4
£385K05/230.88 mi9, Emlyn Grove, Cheadle, Greater Manchester SK8 2EY4
£496.5K11/210.89 mi61, Mellington Avenue, Manchester, Greater Manchester M20 5WF4
£482K09/210.89 mi5, Avalon Drive, Manchester, Greater Manchester M20 5WN4
£390K05/230.9 mi21, Borrowdale Avenue, Gatley, Cheadle, Greater Manchester SK8 4QE4
£472.5K06/210.9 mi36, Broughville Drive, Manchester, Greater Manchester M20 5WH4
£474K12/220.93 mi48, Riverton Road, Manchester, Greater Manchester M20 5GH4
£655K06/210.94 mi27, Cheadle Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HL4
£710K02/230.98 mi470, Parrs Wood Road, Manchester, Greater Manchester M20 5QQ4

Local Rents

17 rents from £1.4K/mo to £4.8K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£4,75008/240.14 mi-4
£4,50001/250.14 mi-4
£4,50012/240.14 mi-4
£1,45003/250.18 mi-3
£1,65008/240.22 miBulkeley Road, Cheadle, SK8 2AD3
£1,35008/240.22 mi-3
£2,25008/240.38 miPennington Gardens, Cheadle3
£1,75008/240.39 mi-3
£1,60009/240.41 miPark Road, Cheadle, Greater Manchester, SK83
£1,85009/240.42 miBarnes Way, Cheadle, Greater Manchester, United Kingdom, SK8 2GH3
£2,40009/240.42 miPennington Gardens, Cheadle4
£1,45008/240.43 miCuthbert Road, Cheadle, Greater Manchester, SK83
£2,60008/240.53 mi-5
£2,35009/240.59 mi-4
£1,75008/240.59 miSouth Park Road, Gatley4
£3,25003/250.6 mi-5
£2,50008/240.61 miBarcheston Road, Cheadle, Greater Manchester, SK85

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

1.73 miles away

Nearest school

0.70 miles away

Nearest train station

0.67 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £250,000

January 17, 2025

Floor Plans

Description

  • Period Mid Terrace +
  • In Need Of Full Modernisation Throughout +
  • Central Cheadle Village Location +
  • Four Bedrooms +
  • Two Bathrooms +
  • Cellars with Potential to Develop +
  • No Onward Vendor Chain +
  • Tenure - Freehold / Council Tax Band - D / EPC - TBC +

A rare opportunity to acquire a larger style, period mid terrace situated in the heart of Cheadle Village. Adjoining commercial properties the property lends itself to office/retail, subject to obtaining the relevant change of use. The property is in need of comprehensive refurbishment and offered for sale with no onward vendor chain. The property is situated on Massie Street within the centre of the Village with the high street within a moment walk in addition to a number of amenities. The accommodation comprises of an entrance hallway, living room with square bay window, dining room, ground floor shower room and a large kitchen to the rear. Off the entrance hallway is access down to two cellar chambers which have potential to be converted subject to obtaining planning permission. To the first floor there are four bedrooms served by a centrally positioned bathroom. Externally, there is a courtyard rear garden with garden room providing additional storage space.  Agents Notes: Material Information Part A: Council Tax Band - D 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: Electric radiators. Broadband: According to Think Broadband Checker -  BT WBC  available dependent on provider. Mobile Signal/Coverage: Voice & Data Available dependent on Provider (Please use link below to check your preferred provider speeds) Parking: None 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:  TBC Please note the property is also situated between two commercial premises. 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?

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