3 Bed Semi-Detached House, Refurb/BRRR, Cheadle Hulme, SK8 4HE, £375,000

Charnville Road, Gatley, SK8 4HE - 2 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£153.5K - £487.9K
Sold Prices/m²£1.6K/m² - £5K/m²

 

 

Square Metres

~93 m²
Price/m²£4K/m²

Value Estimate

£288,783

 

 

End Value (After Refurb)

£353,240

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

£353,240

Mortgage (After Refinance)

£264,930

Mortgage LTV

75%

Cash Left In

£163,472

Equity

£88,310

Rent Range

£1,200 - £2,550

Rent Estimate

£1,526

Running Costs/mo

£1,429

Cashflow/mo

£97

Cashflow/yr

£1,163

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £153.5K to £487.9K, average is £287.5K. £1.6K/m² to £5K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£329.6K01/210.02 mi13, Charnville Road, Gatley, Cheadle, Greater Manchester SK8 4HE3
£333K03/210.02 mi40, Charnville Road, Gatley, Cheadle, Greater Manchester SK8 4HE3
£332.5K02/210.02 mi20, Charnville Road, Gatley, Cheadle, Greater Manchester SK8 4HE3
£373.5K06/230.03 mi34, Charnville Road, Gatley, Cheadle, Greater Manchester SK8 4HE3
£487.9K08/230.03 mi36, Charnville Road, Gatley, Cheadle, Greater Manchester SK8 4HE3
£345K08/210.09 mi11, Halstead Grove, Gatley, Cheadle, Greater Manchester SK8 4HJ3
£330K12/200.11 mi10, Halstead Grove, Gatley, Cheadle, Greater Manchester SK8 4HL3
£310K11/210.13 mi45, Stonepail Close, Gatley, Cheadle, Greater Manchester SK8 4HX3
£340K03/210.17 mi18, Malvern Avenue, Gatley, Cheadle, Greater Manchester SK8 4HT3
£160K06/210.19 mi34, Mendip Avenue, Manchester, Greater Manchester M22 9YA3
£204.9K12/200.19 mi19, Chaffinch Close, Manchester, Greater Manchester M22 4WX3
£190K07/230.2 mi16, Mayfair Road, Manchester, Greater Manchester M22 9XL3
£185K06/210.21 mi3, Mayfair Road, Manchester, Greater Manchester M22 9YG3
£337.5K12/200.22 mi45, Park Road, Gatley, Cheadle, Greater Manchester SK8 4HW3
£210K11/230.24 mi246, Hollyhedge Road, Manchester, Greater Manchester M22 4GQ3
£225K10/230.25 mi125, Stancliffe Road, Manchester, Greater Manchester M22 4PF3
£300K04/210.25 mi3, Greenbank Avenue, Gatley, Cheadle, Greater Manchester SK8 4HN3
£170K01/240.25 mi45, Dunstall Road, Manchester, Greater Manchester M22 4PQ3
£153.5K05/210.27 mi5, Witham Avenue, Manchester, Greater Manchester M22 4RS3
£243K06/230.27 mi8, Witham Avenue, Manchester, Greater Manchester M22 4RS3
£253K10/210.28 mi5, The Old Courtyard, Manchester, Greater Manchester M22 4YD3
£235K03/220.28 mi2, The Old Courtyard, Manchester, Greater Manchester M22 4YD3
£245K01/230.28 mi1, The Old Courtyard, Manchester, Greater Manchester M22 4YD3
£485K07/210.28 mi11, Park Road, Gatley, Cheadle, Greater Manchester SK8 4HP3
£260K11/210.29 mi28, Peckforton Close, Gatley, Cheadle, Greater Manchester SK8 4JA3
£428K05/210.29 mi6, Priest Avenue, Gatley, Cheadle, Greater Manchester SK8 4JW3
£380.2K08/210.29 mi42, Windsor Avenue, Gatley, Cheadle, Greater Manchester SK8 4DU3
£200K06/230.31 mi31, Mayfair Road, Manchester, Greater Manchester M22 9ZA3
£220K11/230.31 mi47, Mayfair Road, Manchester, Greater Manchester M22 9ZA3
£267K04/210.32 mi43, Gatley Green, Gatley, Cheadle, Greater Manchester SK8 4NF3
£295K11/200.32 mi35, Gatley Green, Gatley, Cheadle, Greater Manchester SK8 4NF3
£312K03/230.32 mi30, Hawthorn Road, Gatley, Cheadle, Greater Manchester SK8 4NB3
£240K02/230.32 mi60, Crossacres Road, Manchester, Greater Manchester M22 5AB3
£302K09/210.34 mi4, Edgecote Close, Manchester, Greater Manchester M22 4UT3
£279.9K12/200.34 mi27, Edgecote Close, Manchester, Greater Manchester M22 4UT3
£285K08/210.34 mi12, Edgecote Close, Manchester, Greater Manchester M22 4UT3
£425K04/230.34 mi26, Wilcott Road, Gatley, Cheadle, Greater Manchester SK8 4DX3
£155K06/210.34 mi36, Wilcott Road, Gatley, Cheadle, Greater Manchester SK8 4DX3
£410K01/210.35 mi69, Altrincham Road, Gatley, Cheadle, Greater Manchester SK8 4EG3
£320K06/230.35 mi9, Grosvenor Gardens, Manchester, Greater Manchester M22 4XA3
£240K10/220.37 mi15, Croftlands Road, Manchester, Greater Manchester M22 9YE3
£255K09/230.38 mi4, Hilton Road, Manchester, Greater Manchester M22 4ZD3
£220K03/210.38 mi17, Hilton Road, Manchester, Greater Manchester M22 4ZD3
£290K07/210.38 mi2, Rosewood Gardens, Gatley, Cheadle, Greater Manchester SK8 4GR3
£170.3K07/230.38 mi4, Croftlands Road, Manchester, Greater Manchester M22 9UP3
£375K09/210.41 mi5, Cedar Road, Gatley, Cheadle, Greater Manchester SK8 4LZ3
£348K01/230.41 mi2, Orchard Gardens, Gatley, Cheadle, Greater Manchester SK8 4ET3
£440K03/230.41 mi1, Firswood Mount, Gatley, Cheadle, Greater Manchester SK8 4JY3
£285K08/230.41 mi8, Petworth Close, Manchester, Greater Manchester M22 4YQ3
£324K05/210.43 mi18, Dingle Grove, Gatley, Cheadle, Greater Manchester SK8 4ED3

Local Rents

28 rents from £1.2K/mo to £2.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,65009/240.2 miPark Road, Gatley3
£1,20005/240.25 miStancliffe Road, Manchester3
£1,35005/240.26 miCrossacres Road Crossacres Wythenshawe Manchester3
£1,80008/240.26 miMount Grove, Gatley3
£1,65003/250.26 mi-3
£1,45012/240.28 mi-3
£2,55003/250.28 mi-3
£1,45006/240.28 miThe Old Courtyard, Manchester, M223
£1,60009/240.29 miWindsor Avenue, Gatley, Cheshire, SK83
£1,25003/250.29 mi-3
£1,45002/250.34 mi-3
£1,35005/240.35 miBriardene Gardens, Manchester3
£1,30002/250.39 mi-3
£2,15012/240.4 mi-3
£2,40012/240.4 mi-3
£1,29505/240.44 mi-3
£1,25005/240.46 miPetworth Close, Manchester3
£1,70009/240.46 miGreenbank Road, Gatley, SK8 4DW3
£1,30006/240.47 miCalderbeck Way,Sharston,Manchester,M22 4UY3
£1,50001/250.47 mi-3
£1,25005/240.5 miShannon Road, Peel Hall3
£1,25005/240.51 miMentone Crescent, Manchester, M223
£1,65001/250.53 mi-3
£1,25002/250.54 mi-3
£1,30002/240.56 mi-3
£1,40008/240.57 miFrances Avenue, Gatley, Cheadle, Greater Manchester, SK83
£1,30005/240.58 miShannon Road, Peel Hall3
£1,40012/240.62 mi-3

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

2.45 miles away

Nearest school

0.30 miles away

Nearest train station

0.63 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

February 10, 2025

Floor Plans

Description

  • No vendor chain - a fantastic opportunity! +
  • Three-bedroom semi-detached home in sought-after Gatley +
  • Backs onto Hollyhedge Park for a lovely natural backdrop. +
  • Spacious layout with living room, dining room & conservatory +
  • Morning room & kitchen - great potential for modernisation. +
  • Bathroom with separate WC for added convenience +
  • Off-road parking & detached garage for extra storage +
  • Prime location close to Gatley village & local amenities +

This charming semi-detached home, backing onto Hollyhedge Park, offers fantastic potential for modernisation. With a spacious layout including a living room, dining room, conservatory, morning room, and kitchen, plus three bedrooms and a bathroom with separate WC, it's an excellent opportunity to create your dream home. Off-road parking, a detached garage, and a prime location close to Gatley village make this a must-see. No vendor chain - book your viewing today!
Second Paragraph
Nestled in the sought-after area of Gatley, this handsome three-bedroom semi-detached home offers an excellent opportunity for buyers seeking a property with potential. Requiring some modernisation throughout, the house presents a fantastic canvas to create a personalised family home.

The property is ideally located close to Gatley village, providing easy access to a range of local amenities, excellent transport links, and well-regarded schools. One of its standout features is its enviable position backing onto Hollyhedge Park, offering a pleasant backdrop and easy access to green spaces.

Internally, the accommodation comprises a welcoming entrance hall, a spacious living room, a separate dining room and conservatory overlooking the rear garden. Additionally, there is a morning room leading to the kitchen, providing a practical layout with great potential for improvement.

To the first floor, there are three well-proportioned bedrooms, a bathroom, and a separate WC. Externally, the property benefits from off-road parking, a useful detached garage, and a lawned rear garden.

Offered with no vendor chain, this home is an excellent opportunity for those looking to put their own stamp on a property in a highly desirable location. Early viewing is recommended.

Agent Details

Gascoigne Halman, Cheadle

0161 524 6044

Next Steps?

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