3 Bed Semi-Detached House, Refurb/BRRR, Cheadle Hulme, SK8 5EN, £375,000

Grange Avenue, Cheadle Hulme, Cheshire, SK8 5EN - 1 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²

ValuationOvervalued

Sold Prices£200K - £816.5K
Sold Prices/m²£2K/m² - £5.6K/m²

 

 

Square Metres

~93 m²
Price/m²£4K/m²

Value Estimate

£328,019

 

 

End Value (After Refurb)

£349,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£39,428

Bridging Loan Interest

£9,844

Total Cash In

£163,472

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£349,750

Mortgage (After Refinance)

£262,313

Mortgage LTV

75%

Cash Left In

£163,472

Equity

£87,438

Rent Range

£850 - £3,790

Rent Estimate

£1,567

Running Costs/mo

£1,426

Cashflow/mo

£141

Cashflow/yr

£1,688

ROI

1%

Gross Yield

5%

Local Sold Prices

51 sold prices from £200K to £816.5K, average is £357.5K. £2K/m² to £5.6K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£405K06/230.03 mi13, Kings Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5EL3
£382.6K04/230.09 mi7, Norwood Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5EJ3
£440K01/230.11 mi67, Queens Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HH3
£375K12/200.12 mi8, Orrishmere Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HP3
£237.5K10/230.13 mi1, North Downs Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5EP3
£465K08/230.15 mi38, Grange Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5JP3
£420K11/200.17 mi4, Queens Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5DN3
£440K11/200.17 mi13, Radnormere Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5JX3
£500K06/230.17 mi2, Radnormere Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5JX3
£425K02/230.2 mi15, Linden Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NB3
£485K05/230.21 mi13, Princess Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5ND3
£340K07/230.21 mi70, Buckingham Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NA3
£340K07/230.21 mi70, Buckingham Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NA3
£275K03/210.22 mi120, Queens Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HS3
£400K09/210.22 mi110, Queens Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HS3
£568K06/230.23 mi20, Kingsley Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LZ3
£445K09/230.23 mi115, Queens Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HR3
£360K12/200.25 mi10, Beatrice Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5DZ3
£279K03/210.25 mi12, Farley Court, Cheadle Hulme, Cheadle, Greater Manchester SK8 5JG3
£380K06/230.25 mi12, Farley Court, Cheadle Hulme, Cheadle, Greater Manchester SK8 5JG3
£356.5K08/230.27 mi47, Radnormere Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5JS3
£357.5K03/210.27 mi23, Redesmere Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5JY3
£370K09/210.29 mi80, Cheadle Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5DP3
£285K06/230.29 mi42, Willow Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AX3
£215K01/210.32 mi116, Grange Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NL3
£200K11/210.32 mi102, Grange Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NL3
£225K06/210.32 mi93, Willow Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6BD3
£421K06/210.33 mi32, Rosthernmere Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LE3
£230K02/230.33 mi65, Willow Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6BD3
£265K05/230.34 mi185, Grange Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NJ3
£222.5K02/210.34 mi18, Sandringham Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NH3
£330K01/230.34 mi6, Taplow Grove, Cheadle Hulme, Cheadle, Greater Manchester SK8 6DL3
£389.9K02/210.35 mi1, Hatchmere Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LD3
£325K02/210.38 mi14, Henley Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6DW3
£400K05/230.38 mi36, Henley Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6DW3
£240K04/210.38 mi16, Hurley Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 6DH3
£245K06/210.38 mi14, Hurley Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 6DH3
£205K06/210.38 mi1, Hurley Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 6DH3
£816.5K03/210.38 mi6, Valley Close, Cheadle, Greater Manchester SK8 1HZ3
£417.5K06/210.39 mi150, Radnormere Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LB3
£291K05/230.39 mi89, Radnormere Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LB3
£395K05/230.39 mi123, Radnormere Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LB3
£353K10/210.39 mi18, Thornfield Grove, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AZ3
£329K06/210.39 mi4, Crossefield Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5PE3
£365K05/230.39 mi72, Crossefield Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5PE3
£454.9K08/230.4 mi161, Queens Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HX3
£510.5K08/230.42 mi5, Henley Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6DP3
£340K02/230.42 mi88, Turves Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AP3
£340K06/210.42 mi4, Hampton Grove, Cheadle Hulme, Cheadle, Greater Manchester SK8 6DG3
£251K06/210.43 mi2, Fairfield Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AF3
£317K02/210.43 mi49, Turves Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AA3

Local Rents

50 rents from £850/mo to £3.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£85008/240.08 miMoseley Grange, Cheadle Hulme3
£1,55011/240.2 mi-3
£1,25009/240.45 miSandbach Walk, Cheadle, Stockport3
£1,40009/240.53 miPinfold Drive, Cheadle3
£1,40002/250.56 mi-3
£1,40009/240.63 miArgyll Road, Cheadle3
£1,60009/240.77 miMarlborough Avenue, Cheadle Hulme3
£1,75003/250.77 mi-3
£1,65009/240.81 miSchools Green, Cheadle, SK8 1JL3
£1,39012/240.82 mi-3
£1,60008/240.87 mi-3
£1,25007/240.92 mi-3
£1,25001/240.92 mi-3
£1,35012/240.92 mi-3
£1,65001/250.92 mi-3
£1,60009/240.93 miPark Road, Cheadle, Greater Manchester, SK83
£1,99509/240.93 miCringle Drive, Cheadle3
£1,80001/240.93 mi-3
£1,10002/250.94 mi-3
£1,55002/240.95 mi-3
£1,90009/240.96 miShaftesbury Avenue, Cheadle Hulme, Cheadle3
£1,65008/240.97 miBulkeley Road, Cheadle, SK8 2AD3
£1,10008/240.99 miGladville Drive, Cheadle, Cheshire, SK83
£1,55004/250.99 mi-3
£1,75002/251 mi-3
£1,29509/241.01 mi-3
£1,50009/241.06 miKendal Drive, Gatley3
£1,40008/241.07 miAthlone Heights, SK8 5BX3
£1,40008/241.07 miWestmeath Avenue, SK83
£1,40008/241.07 miWestmeath Avenue, SK83
£1,55009/241.08 miKendal Drive, SK83
£1,40008/241.08 miAthlone Heights, SK8 5BX3
£1,20008/241.08 mi27 Rosslyn Road, Cheadle, Greater Manchester, SK83
£1,45008/241.1 miCuthbert Road, Cheadle, Greater Manchester, SK83
£1,75008/241.12 mi-3
£1,70008/241.16 mi-3
£3,79010/241.16 mi-3
£3,48002/251.16 mi-3
£3,49504/251.16 mi-3
£1,20008/241.17 miShaftsbury road Cheadle Heath SK33
£1,40004/251.18 mi-3
£2,00003/251.18 mi-3
£1,30012/241.18 miCheltenham Road, Stockport, Greater Manchester, SK3 0SL3
£1,75012/241.19 mi-3
£1,49502/251.2 mi-3
£1,35008/241.21 mi-3
£1,70012/241.22 miParkway SK33
£1,20008/241.22 miRushton Drive; Bramhall3
£1,25009/241.23 miNewlands Avenue, Cheadle Hulme3
£1,20008/241.23 miBirchfield Road, Stockport, Greater Manchester, SK33

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

0.64 miles away

Nearest school

0.10 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £375,000

January 27, 2025

Floor Plans

Description

  • Offered with no vendor chain +
  • In need of modernisation +
  • Walking distance to Cheadle Hulme Village +
  • Walking distance to Cheadle Hulme train station +
  • Easy Access to major motorway links M60 and A34 +
  • Walking distance to Oak Tree Primary +
  • South facing rear garden +
  • EPC +

This fantastic home has come to the market - offered with no vendor chain.
This home has been maintained to great standards and is perfectly liveable however is in need for modernisation and definitely what we call a 'doer upper'. Has the potential to be an amazing new family home with the ability to extend to the rear without shaving too much off the rear garden.
This home comprises of porch upon entry with a downstairs WC leading through to large hall with large storage cupboard. To the left front of the property a large dining room with bay windows and to the rear left a large lounge with views of the garden. The kitchen is a great size with plenty of kitchen cupboards fitted. To the first floor you are spoilt for choice with three great sized bedrooms - two doubles and one large single. The first floor also offers a family bathroom with separate WC opposite.
Externally the property boasts large driveway, garage and fantastic south facing rear garden.

Agent Details

Bridgfords, Cheadle Hulme

0161 524 5098

Next Steps?

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

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