3 Bed Detached House, Refurb/BRRR, Cheadle Hulme, SK8 6LG, £500,000

2 Hulme Hall Crescent, Cheadle Hulme, SK8 6LG - 2 views - 2 months ago

Refurb/BRRR
107 m²
+5 photos

ValuationOvervalued

Sold Prices£255K - £615K
Sold Prices/m²£2.3K/m² - £6.9K/m²

 

 

Square Metres

107 m²
Price/m²£4.7K/m²

Value Estimate

£410,880

 

 

End Value (After Refurb)

£480,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£45,364

Bridging Loan Interest

£13,125

Total Cash In

£213,939

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£480,000

Mortgage (After Refinance)

£360,000

Mortgage LTV

75%

Cash Left In

£213,939

Equity

£120,000

Rent Range

£1,200 - £1,900

Rent Estimate

£1,556

Running Costs/mo

£1,831

Cashflow/mo

£-275

Cashflow/yr

£-3,302

Gross Yield

4%

Local Sold Prices

50 sold prices from £255K to £615K, average is £351.5K. £2.3K/m² to £6.9K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£480K01/210.08 mi21, Upton Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7HX3
£442.5K01/210.13 mi7, Higham Street, Cheadle Hulme, Cheadle, Greater Manchester SK8 6LE3
£290K09/230.18 mi145, Hulme Hall Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6LQ3
£260K06/210.18 mi113, Hulme Hall Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6LQ3
£485K07/230.28 mi4, Heathbank Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HG3
£345K05/210.3 mi22, Gillbent Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6NB3
£427.5K02/230.32 mi13, Bellfield Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AG3
£393K02/210.33 mi16, Tenby Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 7BR3
£430K08/230.35 mi36, Newlands Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 6ND3
£380K07/230.37 mi73, Nursery Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HN3
£335K06/210.37 mi33, Nursery Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HN3
£330K01/210.37 mi61, Nursery Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HN3
£395K11/210.37 mi9, The Circuit, Cheadle Hulme, Cheadle, Greater Manchester SK8 7LF3
£432K04/230.38 mi18, Ravenoak Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7DL3
£350K02/210.38 mi26, Nursery Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HL3
£346K12/200.38 mi60, Nursery Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HL3
£383K03/230.41 mi28, Almond Tree Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6HW3
£615K03/230.42 mi41, Southdown Crescent, Cheadle Hulme, Cheadle, Greater Manchester SK8 6EQ3
£295K05/230.43 mi4, Farnham Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 6PD3
£350K02/230.44 mi47, Sunningdale Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6PB3
£585K02/210.44 mi3, Lindsay Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7BQ3
£530K06/230.45 mi9, Parkfield Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6EX3
£332K06/210.46 mi15, Woodstock Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7LD3
£287.5K12/200.46 mi42, Woodstock Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7LD3
£300K12/200.46 mi44, Woodstock Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7LD3
£340K12/200.46 mi19, Wyngate Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6ER3
£320K08/210.46 mi18, Woking Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6NZ3
£375K03/230.47 mi2, Venlo Gardens, Cheadle Hulme, Cheadle, Greater Manchester SK8 7BX3
£420K04/230.47 mi20, Barley Croft, Cheadle Hulme, Cheadle, Greater Manchester SK8 6SL3
£317K02/210.49 mi49, Turves Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AA3
£298K02/210.51 mi93, Gillbent Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6NQ3
£457.3K11/210.51 mi77, Vicarage Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7JP3
£353K10/210.52 mi18, Thornfield Grove, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AZ3
£435K01/210.54 mi12, Selwyn Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 7HA3
£300K09/210.54 mi1, Hadley Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 6SH3
£269.9K12/200.54 mi6, Hadley Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 6SH3
£565K07/230.55 mi86, Glandon Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 7EY3
£340K02/230.55 mi88, Turves Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AP3
£487K01/210.55 mi24, Yew Tree Park Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7EP3
£330K02/210.57 mi7, Cranbourne Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AS3
£342.5K02/210.57 mi18, Cranbourne Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AS3
£365K07/210.57 mi25, Cranbourne Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AS3
£338K01/210.57 mi21, Cranbourne Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AS3
£435K02/210.57 mi57, Marlborough Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7AP3
£340K12/220.57 mi9, Long Croft Lane, Cheadle Hulme, Cheadle, Greater Manchester SK8 6SE3
£400K03/230.58 mi8, Arundel Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6NX3
£356K01/210.58 mi5, Arundel Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6NX3
£395K08/230.58 mi9, Arundel Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6NX3
£255K01/210.58 mi7, May Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 7LS3
£314.5K03/210.6 mi42, Waverley Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 7QE3

Local Rents

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

RentDateDistanceAddressBeds 
£1,68012/240.34 mi-3
£1,25009/240.35 miNewlands Avenue, Cheadle Hulme3
£1,40009/240.39 miPinfold Drive, Cheadle3
£1,20008/240.44 miSunningdale Road, Cheadle, Greater Manchester, SK83
£1,50002/250.47 mi-3
£1,80008/240.47 miSunningdale Road, Cheadle Hulme, Cheadle, SK83
£1,74912/240.47 mi-3
£1,75003/250.48 mi-3
£1,90009/240.55 miShaftesbury Avenue, Cheadle Hulme, Cheadle3
£1,60009/240.57 miMarlborough Avenue, Cheadle Hulme3
£1,55002/240.58 mi-3
£1,50002/250.59 mi-3
£1,45010/240.6 mi-3
£1,45009/240.6 miWaverley Drive, Cheadle Hulme, Cheadle, SK83

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

0.28 miles away

Nearest school

0.20 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £500,000

February 21, 2025

Floor Plans

Description

  • EXCITING RENOVATION POTENTIAL +
  • CLOSE TO CHEADLE HULME SCHOOL +
  • CUL DE SAC POSITION +
  • EXCELLENT SCOPE TO EXTEND +
  • 2 DRIVEWAYS +
  • ENCLOSED REAR GARDEN +

An exciting detached family home in need of a general program of refurbishment and offering wonderful scope for improvement. Situated in a desirable cul de sac just off Hulme Hall Road, and barely a stones throw from the hugely sought after Cheadle Hulme School, this generous home is sensibly priced to appeal to those looking for a home to make their own.

Accessed via a double driveway and garden frontage, the accommodation comprises an entrance porch, spacious hallway, bay fronted lounge, a separate dining room with French doors opening to the rear garden, a part converted garage/ store room, and an extended kitchen which overlooks the rear garden and has access out to the side.

On the first floor the landing provides access to 3 well proportioned bedrooms and the family bathroom.

Grounds And Gardens - To the front of the property there are 2 driveways providing ample off road parking with a central garden area in between. There is gated access down the left hand side of the house giving a paved patio which extends to the rear of house. Beyond the patio is an enclosed garden, largely laid to lawn and surrounded by mature hedge borders.

Location - 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 - tbc
Freehold
Broadband providers - Openreach / Virgin Media - 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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