3 Bed Bungalow, Refurb/BRRR, Cheadle Hulme, SK8 7NJ, £575,000

7 Spath Walk, Cheadle Hulme, Cheshire, SK8 7NJ - 1 views - 2 months ago

Sold STC
Refurb/BRRR
163 m²
+11 photos

ValuationFair Value

Sold Prices£248.8K - £537K
Sold Prices/m²£2.3K/m² - £6.8K/m²

 

 

Square Metres

163 m²
Price/m²£3.5K/m²

Value Estimate

£575,000

 

 

End Value (After Refurb)

£685,635

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£143,750

Stamp Duty & Legal Fees

£34,700

Refurb Costs

£69,106

Bridging Loan Interest

£15,094

Total Cash In

£264,399

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£685,635

Mortgage (After Refinance)

£514,226

Mortgage LTV

75%

Cash Released

£82,976

Cash Left In

£181,423

Equity

£171,409

Rent Range

£1,170 - £1,850

Rent Estimate

£1,507

Running Costs/mo

£2,464

Cashflow/mo

£-957

Cashflow/yr

£-11,484

Gross Yield

3%

Local Sold Prices

50 sold prices from £248.8K to £537K, average is £366.7K. £2.3K/m² to £6.8K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£537K06/230.08 mi141, Grove Lane, Cheadle Hulme, Cheadle, Greater Manchester SK8 7NG3
£455K07/230.15 mi22, Copperfield Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7PN3
£479.9K02/210.17 mi55, Moss Lane, Bramhall, Stockport, Greater Manchester SK7 1EQ3
£437K12/210.29 mi93, Malmesbury Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7QL3
£470K08/230.29 mi93, Malmesbury Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7QL3
£368.4K09/230.31 mi32, Waltham Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 7QW3
£322K03/230.31 mi16, Waltham Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 7QW3
£365K06/210.32 mi3, Bolton Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7QS3
£322.5K01/210.32 mi8, Chapel Walks, Cheadle Hulme, Cheadle, Greater Manchester SK8 7LY3
£530K08/230.34 mi32, Eskdale Avenue, Bramhall, Stockport, Greater Manchester SK7 1DU3
£358K02/210.34 mi1, Sherbourne Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 7QN3
£465K02/230.37 mi38, Langdale Road, Bramhall, Stockport, Greater Manchester SK7 1DN3
£352K11/210.38 mi32, Pingate Lane South, Cheadle Hulme, Cheadle, Greater Manchester SK8 7NP3
£335K12/200.38 mi74, Malmesbury Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7QL3
£285.5K02/230.39 mi14, Selby Gardens, Cheadle Hulme, Cheadle, Greater Manchester SK8 7PT3
£475K08/230.41 mi9, Lyncombe Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 7RB3
£283.5K12/200.42 mi20, Tewkesbury Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 7QQ3
£420K05/230.42 mi5, Tewkesbury Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 7QQ3
£450K04/230.43 mi124, Acre Lane, Cheadle Hulme, Cheadle, Greater Manchester SK8 7PD3
£422.5K08/210.45 mi12, Langdale Road, Bramhall, Stockport, Greater Manchester SK7 1DH3
£450K07/230.46 mi38, Syddal Green, Bramhall, Stockport, Greater Manchester SK7 1HP3
£255K01/210.47 mi7, May Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7LS3
£385K12/200.48 mi88, Fountains Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7PY3
£430K08/230.48 mi90, Fountains Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7PY3
£504K12/200.49 mi4, Glendene Avenue, Bramhall, Stockport, Greater Manchester SK7 1BH3
£455K07/230.5 mi2, Furness Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7PX3
£314.5K03/210.5 mi42, Waverley Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 7QE3
£300K03/230.5 mi62, Pingate Lane, Cheadle Hulme, Cheadle, Greater Manchester SK8 7LT3
£330K01/210.5 mi127, Ashley Drive, Bramhall, Stockport, Greater Manchester SK7 1ES3
£292.3K06/210.51 mi1, Ashdown Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 6NA3
£350K12/200.52 mi59, Ashley Drive, Bramhall, Stockport, Greater Manchester SK7 1EP3
£335K12/200.52 mi65, Ashley Drive, Bramhall, Stockport, Greater Manchester SK7 1EP3
£375K05/230.52 mi77, Ashley Drive, Bramhall, Stockport, Greater Manchester SK7 1EP3
£255K02/210.52 mi15, Romsey Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 7QB3
£385K07/230.54 mi8, Ashley Drive, Bramhall, Stockport, Greater Manchester SK7 1EW3
£345K06/210.54 mi35, Ashley Drive, Bramhall, Stockport, Greater Manchester SK7 1EW3
£355K03/210.54 mi5, Ashley Drive, Bramhall, Stockport, Greater Manchester SK7 1EW3
£319K02/210.54 mi5, Kirkstead Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7PZ3
£385K07/230.54 mi6, Kirkstead Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7PZ3
£345K02/230.54 mi11a, Kirkstead Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7PZ3
£375K06/210.55 mi21, Blythe Avenue, Bramhall, Stockport, Greater Manchester SK7 1EU3
£248.8K05/230.57 mi33, Fords Lane, Bramhall, Stockport, Greater Manchester SK7 1DQ3
£397K04/210.58 mi75, Patch Lane, Bramhall, Stockport, Greater Manchester SK7 1HR3
£298K02/210.6 mi93, Gillbent Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6NQ3
£332K06/210.61 mi15, Woodstock Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7LD3
£287.5K12/200.61 mi42, Woodstock Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7LD3
£300K12/200.61 mi44, Woodstock Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7LD3
£455K12/220.61 mi25, Severn Drive, Bramhall, Stockport, Greater Manchester SK7 1EX3
£410.5K06/210.61 mi19, Severn Drive, Bramhall, Stockport, Greater Manchester SK7 1EX3
£440K05/230.61 mi11, Severn Drive, Bramhall, Stockport, Greater Manchester SK7 1EX3

Local Rents

24 rents from £1.2K/mo to £1.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,65009/240.24 miCleeve Way, Cheadle3
£1,85002/250.33 mi-3
£1,70011/240.34 mi-3
£1,50003/250.4 mi-3
£1,80003/250.49 mi-3
£1,45010/240.53 mi-3
£1,45009/240.53 miWaverley Drive, Cheadle Hulme, Cheadle, SK83
£1,39912/230.59 mi-3
£1,74912/240.63 mi-3
£1,50002/250.66 mi-3
£1,80008/240.66 miSunningdale Road, Cheadle Hulme, Cheadle, SK83
£1,50002/250.69 mi-3
£1,20008/240.7 miSunningdale Road, Cheadle, Greater Manchester, SK83
£1,68012/240.72 mi-3
£1,50008/240.73 mi-3
£1,45009/230.73 mi-3
£1,50006/240.73 mi-3
£1,25009/240.74 miNewlands Avenue, Cheadle Hulme3
£1,45008/240.89 miBramhall Lane South, Bramhall3
£1,45009/241.08 miDelamere Road, Handforth, Wilmslow3
£1,17008/241.12 mi-3
£1,50008/241.18 miMeadway, Bramhall3
£1,30008/241.19 miPickmere Road, Handforth, Cheshire3
£1,37509/241.21 miSwettenham Road, Handforth, Wilmslow3

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

1.33 miles away

Nearest school

0.30 miles away

Nearest train station

1.01 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £575,000

February 13, 2025

Floor Plans

Description

  • Spacious three bedroom detached bungalow +
  • Cul de sac location +
  • Close to the centres of Bramhall and Cheadle Hulme villages +
  • No onward chain +
  • Potential to extend and/or remodel (subject to planning consent) +
  • Two loft rooms +
  • Two bathrooms and utility room +
  • Off road parking for several cars +
  • Integral garage +
  • Low maintenance garden +

An extremely spacious three double bedroom, two bathroom detached bungalow situated on a quiet cul de sac (on a private road) in a superb semi-rural location close to the centres of Bramhall and Cheadle Hulme villages. The property benefits from UPVC double glazing, gas fired central heating (run by a combination boiler), off road parking, integral garage, two loft rooms and a private garden. The bungalow does require some updating and modernisation and offers fantastic potential to extend and/or remodel (subject to planning consent). In addition there is no onward chain. The accommodation includes; entrance porch, hallway (with storage), kitchen (fitted with matching wall and base units, integrated appliances and breakfast bar), utility room (with space and plumbing for appliances) dining room/ bedroom three, two further double bedrooms (both with fitted wardrobes/storage), bathroom (with matching three piece suite and separate shower enclosure), spacious living room (with French doors onto the garden) and integral garage (with lights/ power, loft storage and electric door). To the first floor are two loft rooms (both with Velux windows and storage) and a shower room with additional loft space ripe for conversion if desired.

The Grounds & Gardens - To the front of the property is a driveway which provides off road parking for several cars and leads to the garage. To the rear of the house is a an extremely private and low maintenance garden (with artificial lawn, planted borders and timber shed).

The Location - The property is well located in a convenient location within easy reach of Bramhall and Cheadle Hulme villages and is within walking distance of Moss Hey Primary School and Hursthead Primary School. Cheadle Hulme is a suburb in the Metropolitan Borough of Stockport with an excellent range of bars, shops and restaurants and many of its public and private schools are highly sought after. Cheadle Hulme train station provides direct links to Manchester City Centre which is 8 miles away. The A34 provides excellent transport links to the local motorway network and Manchester Airport.

Important Information - Heating - Gas central heating (radiators)
Mains - Gas, Electric, waters and drains
Property Construction- Brick built with tiled roof
Flood Risk -Very Low Risk (Surface water). Very Low Risk (sea and rivers)**
Water Meter-Present at Property
Freehold
Broadband providers - Openreach- FTTP (Fibre to the Premises). You may also be able to obtain broadband service from these Fixed Wireless Access providers covering your area for EE & Three*
Mobile providers- Mobile coverage at the property available with all main providers*.
* Information provided by Ofcom checker and isn't guaranteed. Mosley Jarman take no responsibility for inaccuracies and advise potential buyers to do their own checks before committing to purchase.
**Information provided by GOV.UK

Agent Details

Mosley Jarman, Bramhall

0161 524 7858

Next Steps?

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