3 Bed Terraced House, Refurb/BRRR, Cheadle Hulme, SK8 2BG, £275,000

Chorlton Drive, Cheadle, SK8 2BG - 4 views - 3 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+8 photos

ValuationFair Value

Sold Prices£180K - £400K
Sold Prices/m²£2.2K/m² - £7K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£275,000

 

 

End Value (After Refurb)

£330,904

Uplift in Value

+20%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£39,428

Bridging Loan Interest

£7,219

Total Cash In

£127,847

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£330,904

Mortgage (After Refinance)

£248,178

Mortgage LTV

75%

Cash Released

£41,928

Cash Left In

£85,919

Equity

£82,726

Rent Range

£1,100 - £2,000

Rent Estimate

£1,474

Running Costs/mo

£1,349

Cashflow/mo

£125

Cashflow/yr

£1,502

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £180K to £400K, average is £274.4K. £2.2K/m² to £7K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£187.5K03/210.04 mi3, Warley Close, Cheadle, Greater Manchester SK8 2BJ3
£320K06/230.05 mi37, Cuthbert Road, Cheadle, Greater Manchester SK8 2DT3
£289.9K03/210.05 mi56, Cuthbert Road, Cheadle, Greater Manchester SK8 2DT3
£305K02/210.06 mi42, Cuthbert Road, Cheadle, Greater Manchester SK8 2DT3
£295K12/200.1 mi137, Stockport Road, Cheadle, Greater Manchester SK8 2DP3
£304K06/210.17 mi27, Newboult Road, Cheadle, Greater Manchester SK8 2AH3
£400K04/230.2 mi26, Dryden Avenue, Cheadle, Greater Manchester SK8 2AW3
£284K03/210.21 mi42, Bulkeley Road, Cheadle, Greater Manchester SK8 2AD3
£333K04/230.21 mi58, Stockport Road, Cheadle, Greater Manchester SK8 2AA3
£215K03/230.27 mi56, Shakespeare Drive, Cheadle, Greater Manchester SK8 2DA3
£350K05/230.27 mi16, Shakespeare Drive, Cheadle, Greater Manchester SK8 2DA3
£331K07/230.29 mi3, Oak Road, Cheadle, Greater Manchester SK8 1ED3
£327.5K05/230.29 mi12, Palmer Avenue, Cheadle, Greater Manchester SK8 2DF3
£312.5K02/230.29 mi19, Palmer Avenue, Cheadle, Greater Manchester SK8 2DF3
£250K01/210.33 mi27, Kenilworth Road, Stockport, Greater Manchester SK3 0QL3
£225K03/210.34 mi9, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DH3
£269K03/210.34 mi33, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DH3
£295K01/210.34 mi35, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DH3
£260K08/230.34 mi31, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DH3
£250K01/210.34 mi27, Kenilworth Road, Stockport, Greater Manchester SK3 0QL3
£273.8K09/210.34 mi3, Chestnut Avenue, Cheadle, Greater Manchester SK8 1EH3
£235K04/230.36 mi40, Donnington Avenue, Cheadle, Greater Manchester SK8 2DL3
£290K06/210.36 mi19, Donnington Avenue, Cheadle, Greater Manchester SK8 2DL3
£340K05/230.36 mi44, Kenilworth Road, Stockport, Greater Manchester SK3 0QN3
£268.5K12/210.36 mi58, Kenilworth Road, Stockport, Greater Manchester SK3 0QN3
£260K10/210.37 mi36, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DJ3
£300K08/230.38 mi3, Coventry Avenue, Stockport, Greater Manchester SK3 0QS3
£283K09/210.4 mi62, Deane Avenue, Cheadle, Greater Manchester SK8 2DW3
£350K06/210.41 mi1, Parkway, Stockport, Greater Manchester SK3 0PX3
£245K12/200.42 mi9, St Ives Avenue, Cheadle, Greater Manchester SK8 2HG3
£200K04/210.42 mi9, Carrs Road, Cheadle, Greater Manchester SK8 2EE3
£225K03/210.42 mi1, Carrs Road, Cheadle, Greater Manchester SK8 2EE3
£325K06/230.43 mi123, Brookfield Road, Cheadle, Greater Manchester SK8 1EY3
£325K04/210.43 mi37, Parkway, Stockport, Cheshire SK3 0QH3
£220K02/210.43 mi63, Parkway, Cheadle Heath, Stockport, Greater Manchester SK3 0QH3
£320K02/230.43 mi50, Parkway, Cheadle Heath, Stockport, Greater Manchester SK3 0QH3
£265K09/210.44 mi63, Oak Road, Cheadle, Greater Manchester SK8 1EJ3
£211K08/210.44 mi38, St Davids Road, Cheadle, Greater Manchester SK8 2HF3
£185K01/210.44 mi39, St Davids Road, Cheadle, Greater Manchester SK8 2HF3
£240K06/230.45 mi3, Cavan Close, Stockport, Greater Manchester SK3 0QJ3
£291.5K08/230.46 mi117, Councillor Lane, Cheadle, Greater Manchester SK8 2HY3
£180K01/210.47 mi79, St Davids Road, Cheadle, Greater Manchester SK8 2HJ3
£275K09/210.47 mi2, Lighthorne Road, Stockport, Greater Manchester SK3 0QD3
£235K12/200.47 mi25, Boundary Road, Cheadle, Greater Manchester SK8 2EN3
£225K05/210.49 mi13, Arbury Avenue, Stockport, Greater Manchester SK3 0QA3
£235K06/210.49 mi24, Arbury Avenue, Stockport, Greater Manchester SK3 0QA3
£180K01/210.49 mi79, St Davids Road, Cheadle, Greater Manchester SK8 2HJ3
£280K02/230.49 mi1, Arbury Avenue, Stockport, Greater Manchester SK3 0QA3
£253K11/210.49 mi53, Argyll Road, Cheadle, Greater Manchester SK8 2LH3
£320K03/230.49 mi4, Argyll Road, Cheadle, Greater Manchester SK8 2LQ3

Local Rents

18 rents from £1.1K/mo to £2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,75008/240.04 mi-3
£1,45008/240.06 miCuthbert Road, Cheadle, Greater Manchester, SK83
£1,60009/240.15 miPark Road, Cheadle, Greater Manchester, SK83
£1,65008/240.21 miBulkeley Road, Cheadle, SK8 2AD3
£1,75002/250.31 mi-3
£1,30008/240.41 miSelsey Avenue, Stockport, Greater Manchester, SK33
£1,70012/240.41 miParkway SK33
£1,10008/240.48 miGladville Drive, Cheadle, Cheshire, SK83
£1,39012/240.49 mi-3
£1,30012/240.54 miDorrington Road, Stockport, SK33
£1,35004/250.55 mi-3
£2,00003/250.56 mi-3
£1,30012/240.56 miStockport Road, Cheadle Heath, Stockport, SK3 0RG3
£1,20008/240.57 miBirchfield Road, Stockport, Greater Manchester, SK33
£1,40009/240.58 miArgyll Road, Cheadle3
£1,75012/240.59 mi-3
£1,35008/240.59 mi-3
£1,49502/250.6 mi-3

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

1.71 miles away

Nearest school

0.30 miles away

Nearest train station

1.03 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £275,000

January 22, 2025

Floor Plans

Description

  • No vendor chain for a straightforward purchase +
  • Three good-sized bedrooms on the second floor +
  • Spacious living room and kitchen-diner on the first floor +
  • Hallway, integral garage, and utility area on the ground floor +
  • Well-maintained but requires modernisation throughout +
  • Convenient location near Cheadle Village, commuter links, and local amenities +
  • Convenient driveway +
  • Enclosed, low maintenance paved garden. +

Three-storey townhouse near Cheadle Village, offering three good-sized bedrooms, a spacious living room, kitchen-diner, bathroom, integral garage, and utility area. Well-maintained but in need of modernisation, with no vendor chain. Ideal location close to amenities and transport links.

This versatile three-storey townhouse offers excellent potential and is located close to the heart of Cheadle Village, with easy access to local commuter links and amenities. The property has been well maintained over the years but would benefit from modernisation throughout, allowing buyers the opportunity to personalise the space to their own taste.

The ground floor features a welcoming hallway, an integral garage, and a practical utility area. On the first floor, you'll find a spacious living room, a generously sized kitchen-diner, and a family bathroom. The second floor boasts three good-sized bedrooms, ideal for families, professionals, or those working from home.

Offered with no vendor chain, this property presents an exciting opportunity to create a stylish and comfortable home in a highly sought-after location.

Agent Details

Gascoigne Halman, Cheadle

0161 524 6044

Next Steps?

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