3 Bed Detached House, Refurb/BRRR, Cheadle Hulme, SK8 4QT, £400,000

11 Silverdale Road, Gatley, Cheadle, Cheshire, SK8 4QT, Cheadle Hulme - 3 views - a month ago

Auction
Refurb/BRRR
167 m²
+13 photos

ValuationFair Value

Sold Prices£155K - £625K
Sold Prices/m²£1.6K/m² - £5.1K/m²

 

 

Square Metres

167 m²
Price/m²£2.4K/m²

Value Estimate

£400,000

 

 

End Value (After Refurb)

£562,496

Uplift in Value

+41%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£70,801

Bridging Loan Interest

£10,500

Total Cash In

£203,751

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£562,496

Agent Fees (1%)

£5,625

Bridging Loan

£300,000

Bridging Loan Interest

£10,500

Flip Profit

£53,119

Local Sold Prices

50 sold prices from £155K to £625K, average is £375K. £1.6K/m² to £5.1K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£460K12/200.07 mi23, Appleby Road, Gatley, Cheadle, Greater Manchester SK8 4QD3
£460K06/230.09 mi44, Silverdale Road, Gatley, Cheadle, Greater Manchester SK8 4QS3
£325K08/230.14 mi25, Alcester Road, Gatley, Cheadle, Greater Manchester SK8 4PG3
£315K06/210.14 mi23, Alcester Road, Gatley, Cheadle, Greater Manchester SK8 4PG3
£440K03/230.18 mi70, Springfield Road, Gatley, Cheadle, Greater Manchester SK8 4PF3
£380K05/210.24 mi17, Troutbeck Road, Gatley, Cheadle, Greater Manchester SK8 4RP3
£370K06/230.25 mi33, Kendal Drive, Gatley, Cheadle, Greater Manchester SK8 4QJ3
£285K02/210.25 mi57, Kendal Drive, Gatley, Cheadle, Greater Manchester SK8 4QJ3
£370K03/210.27 mi39, Delamere Road, Gatley, Cheadle, Greater Manchester SK8 4PH3
£395K12/200.27 mi1, Delamere Road, Gatley, Cheadle, Greater Manchester SK8 4PH3
£415K03/210.27 mi6, Delamere Road, Gatley, Cheadle, Greater Manchester SK8 4PH3
£405K09/210.28 mi22, Springfield Road, Gatley, Cheadle, Greater Manchester SK8 4PE3
£420K03/230.28 mi34, Springfield Road, Gatley, Cheadle, Greater Manchester SK8 4PE3
£450K06/230.29 mi2, Beech Avenue, Gatley, Cheadle, Greater Manchester SK8 4LS3
£367.5K04/230.32 mi3, Langdale Close, Gatley, Cheadle, Greater Manchester SK8 4QW3
£435.1K07/230.32 mi11, Langdale Close, Gatley, Cheadle, Greater Manchester SK8 4QW3
£380K04/210.32 mi10, Langdale Close, Gatley, Cheadle, Greater Manchester SK8 4QW3
£440K03/230.32 mi1, Firswood Mount, Gatley, Cheadle, Greater Manchester SK8 4JY3
£615K10/210.34 mi17, Cherington Road, Cheadle, Greater Manchester SK8 1LN3
£340.5K12/200.35 mi11, Hawthorn Road, Gatley, Cheadle, Greater Manchester SK8 4LX3
£560K05/230.36 mi4, Barcheston Road, Cheadle, Greater Manchester SK8 1LL3
£322K12/200.38 mi1, Rodmill Drive, Gatley, Cheadle, Greater Manchester SK8 4JX3
£340K03/210.39 mi6, The Tarns, Gatley, Cheadle, Greater Manchester SK8 4RU3
£625K02/230.39 mi13, Firs Road, Gatley, Cheadle, Greater Manchester SK8 4JT3
£375K09/210.42 mi5, Cedar Road, Gatley, Cheadle, Greater Manchester SK8 4LZ3
£526K02/230.44 mi75, Gatley Road, Cheadle, Greater Manchester SK8 1LX3
£465K07/210.44 mi11, Chadvil Road, Cheadle, Greater Manchester SK8 1NX3
£312K03/230.44 mi30, Hawthorn Road, Gatley, Cheadle, Greater Manchester SK8 4NB3
£267K04/210.46 mi43, Gatley Green, Gatley, Cheadle, Greater Manchester SK8 4NF3
£295K11/200.46 mi35, Gatley Green, Gatley, Cheadle, Greater Manchester SK8 4NF3
£432.5K02/210.47 mi8, Broadway Avenue, Cheadle, Greater Manchester SK8 1NN3
£428K05/210.48 mi6, Priest Avenue, Gatley, Cheadle, Greater Manchester SK8 4JW3
£455K01/230.51 mi7, Marrick Avenue, Cheadle, Greater Manchester SK8 1QQ3
£511.1K11/210.54 mi104, Styal Road, Gatley, Cheadle, Greater Manchester SK8 4JR3
£290K01/210.56 mi30, Belmont Road, Gatley, Cheadle, Greater Manchester SK8 4AQ3
£336K04/210.56 mi36, Belmont Road, Gatley, Cheadle, Greater Manchester SK8 4AQ3
£275K02/210.56 mi12, Motcombe Grove, Heald Green, Cheadle, Greater Manchester SK8 3TL3
£375K12/200.57 mi22, Warren Avenue, Cheadle, Greater Manchester SK8 1ND3
£270K09/210.57 mi58, Ashdale Drive, Heald Green, Cheadle, Greater Manchester SK8 3SY3
£260K11/210.57 mi28, Peckforton Close, Gatley, Cheadle, Greater Manchester SK8 4JA3
£375K03/230.58 mi29, Leyland Avenue, Gatley, Cheadle, Greater Manchester SK8 4AF3
£365K11/200.58 mi46, Marchbank Drive, Cheadle, Greater Manchester SK8 1QY3
£540K04/230.58 mi2, Marchbank Drive, Cheadle, Greater Manchester SK8 1QY3
£540K07/230.58 mi5, Marchbank Drive, Cheadle, Greater Manchester SK8 1QY3
£355K04/210.59 mi35, Warren Avenue, Cheadle, Greater Manchester SK8 1NB3
£330K12/200.59 mi10, Halstead Grove, Gatley, Cheadle, Greater Manchester SK8 4HL3
£425K04/230.59 mi26, Wilcott Road, Gatley, Cheadle, Greater Manchester SK8 4DX3
£155K06/210.59 mi36, Wilcott Road, Gatley, Cheadle, Greater Manchester SK8 4DX3
£320K03/230.61 mi3, Belmont Road, Gatley, Cheadle, Greater Manchester SK8 4AG3
£345K08/210.61 mi11, Halstead Grove, Gatley, Cheadle, Greater Manchester SK8 4HJ3

Local Rents

13 rents from £1.4K/mo to £2K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,50009/240.09 miSilverdale Road, Gatley,SK8 4QS3
£1,75009/240.12 miAlcester Road, Gatley, Cheadle3
£1,75010/240.12 mi-3
£1,75009/240.14 miAlcester Road, Gatley, Cheadle, SK83
£1,75009/240.14 miAlcester Road, SK8, Gatley3
£1,55009/240.24 miKendal Drive, SK83
£1,50009/240.25 miKendal Drive, Gatley3
£1,40008/240.26 miSt Bees Close, Gatley3
£1,99509/240.38 miCringle Drive, Cheadle3
£1,45002/250.42 mi-3
£1,65009/240.51 miSchools Green, Cheadle, SK8 1JL3
£1,70009/240.59 miGreenbank Road, Gatley, SK8 4DW3
£1,35008/240.6 mi-3

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

1.77 miles away

Nearest school

0.10 miles away

Nearest train station

0.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £400,000

February 25, 2025

Description

  • Development and Renovation Opportunity (6 bedrooms STPP) +
  • 4 bedroom detached house in need of renovation +
  • Good sized plot +
  • Convenient location +
  • Close to both Gatley and Cheadle village centres +

TO BE OFFERED BY ONLINE AUCTION ON 26/03/2025 12:30

As an auction property the details are subject to change. Please check our website for any updates or addendum entries.

Description
*VIDEO TOUR AND VIEWINGS AVAILABLE UPON REQUEST* The property comprises an opportunity to extend and remodel to provide a 6 bedroom dwelling (subject to obtaining the necessary consents). Consent was granted in 2021 for such a scheme (believed to be now expired) under Application DC/080476. Interested parties should consult direct with the local planning office: and for ease of reference copy documents from the 2021 consent are also available from the auctioneers website via the Legal Documents download section.

The property currently comprises a 4 bedroom detached house that is in need of refurbishment throughout.

Location
Location
Situated in a convenient location on the popular Lakes Estate, less than 0.5mile from the shops, amenities and train station in Gateley village centre and less than a mile from the centre of Cheadle.

Accommodation
GROUND FLOOR:
Porch
Entrance Hall
Dining Room - 16' 9'' x 10' 0'' (5.10m x 3.05m)
Living Room - 20' 2'' x 11' 11'' (6.14m x 3.63m)
Kitchen/Breakfast Room - 18' 10'' x 16' 10'' (5.74m x 5.13m) (Maximum)
Integral Garage
Downstairs WC

FIRST FLOOR
Landing
Bedroom One - 13' 0'' x 11' 11'' (3.96m x 3.63m)
Bedroom Two - 10' 1'' x 9' 9'' (3.07m x 2.97m)
Bedroom Three - 9' 9'' x 8' 8'' (2.97m x 2.64m)
Bedroom Four - 11' 11'' x 7' 0'' (3.63m x 2.13m)
Family Bathroom

Outside
Paved driveway, plus front and rear gardens.

Tenure
Freehold.

EPC
Energy Asset Rating TBC. It was previously assessed as E, with the certificate having expired in January 2025.

Buyer's Administration Fee
There will be a Buyer's Administration Fee of £2,700 (inc VAT) payable upon exchange of contracts.

Additional Information
1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.

2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.

Agent Details

Landwood Group, Manchester

0161 524 9187

Next Steps?

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