3 Bed Semi-Detached House, Refurb/BRRR, Cheadle Hulme, SK8 2HG, £260,000

St. Ives Avenue, Cheadle, SK8 2HG - 2 views - 2 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+9 photos

ValuationFair Value

Sold Prices£180K - £400K
Sold Prices/m²£2.3K/m² - £7K/m²

 

 

Square Metres

~93 m²
Price/m²£2.8K/m²

Value Estimate

£262,600

 

 

End Value (After Refurb)

£328,235

Uplift in Value

+26%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£17,200

Refurb Costs

£39,428

Bridging Loan Interest

£6,825

Total Cash In

£130,203

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£328,235

Mortgage (After Refinance)

£246,176

Mortgage LTV

75%

Cash Released

£51,176

Cash Left In

£79,027

Equity

£82,059

Rent Range

£1,100 - £2,800

Rent Estimate

£1,479

Running Costs/mo

£1,342

Cashflow/mo

£137

Cashflow/yr

£1,650

ROI

1%

Gross Yield

7%

Local Sold Prices

51 sold prices from £180K to £400K, average is £263K. £2.3K/m² to £7K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£245K12/200.01 mi9, St Ives Avenue, Cheadle, Greater Manchester SK8 2HG3
£185K01/210.02 mi39, St Davids Road, Cheadle, Greater Manchester SK8 2HF3
£211K08/210.02 mi38, St Davids Road, Cheadle, Greater Manchester SK8 2HF3
£235K12/200.07 mi25, Boundary Road, Cheadle, Greater Manchester SK8 2EN3
£180K01/210.08 mi79, St Davids Road, Cheadle, Greater Manchester SK8 2HJ3
£180K01/210.09 mi79, St Davids Road, Cheadle, Greater Manchester SK8 2HJ3
£260K10/210.12 mi36, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DJ3
£295K01/210.12 mi35, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DH3
£225K03/210.12 mi9, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DH3
£269K03/210.12 mi33, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DH3
£260K08/230.12 mi31, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DH3
£240.8K09/230.13 mi3, Menai Grove, Cheadle, Greater Manchester SK8 2EZ3
£312.5K02/230.15 mi19, Palmer Avenue, Cheadle, Greater Manchester SK8 2DF3
£327.5K05/230.15 mi12, Palmer Avenue, Cheadle, Greater Manchester SK8 2DF3
£283K09/210.15 mi62, Deane Avenue, Cheadle, Greater Manchester SK8 2DW3
£215K03/230.16 mi56, Shakespeare Drive, Cheadle, Greater Manchester SK8 2DA3
£350K05/230.16 mi16, Shakespeare Drive, Cheadle, Greater Manchester SK8 2DA3
£290K06/210.16 mi19, Donnington Avenue, Cheadle, Greater Manchester SK8 2DL3
£235K04/230.16 mi40, Donnington Avenue, Cheadle, Greater Manchester SK8 2DL3
£232.5K09/230.17 mi10, Emlyn Grove, Cheadle, Greater Manchester SK8 2EY3
£225K03/210.17 mi1, Carrs Road, Cheadle, Greater Manchester SK8 2EE3
£200K04/210.17 mi9, Carrs Road, Cheadle, Greater Manchester SK8 2EE3
£313.5K02/230.19 mi51, Lavington Avenue, Cheadle, Greater Manchester SK8 2HQ3
£291.5K08/230.19 mi117, Councillor Lane, Cheadle, Greater Manchester SK8 2HY3
£365K03/230.19 mi93, Lavington Avenue, Cheadle, Greater Manchester SK8 2HQ3
£260K01/210.22 mi92, Boundary Road, Cheadle, Greater Manchester SK8 2EP3
£337K04/210.23 mi108, Lavington Avenue, Cheadle, Greater Manchester SK8 2HH3
£315K04/230.23 mi40, Lavington Avenue, Cheadle, Greater Manchester SK8 2HH3
£352.5K01/230.23 mi56, Lavington Avenue, Cheadle, Greater Manchester SK8 2HH3
£280K08/230.23 mi33, Aber Road, Cheadle, Greater Manchester SK8 2ER3
£205K11/200.25 mi61, Argyll Road, Cheadle, Greater Manchester SK8 2LH3
£285K10/220.26 mi93, Sherborne Road, Stockport, Greater Manchester SK3 0SP3
£253K11/210.26 mi53, Argyll Road, Cheadle, Greater Manchester SK8 2LH3
£320K03/230.26 mi4, Argyll Road, Cheadle, Greater Manchester SK8 2LQ3
£292K08/230.27 mi61, Argyll Road, Cheadle, Greater Manchester SK8 2LH3
£400K04/230.28 mi26, Dryden Avenue, Cheadle, Greater Manchester SK8 2AW3
£260K03/210.28 mi11, Marbury Close, Stockport, Greater Manchester SK3 0HB3
£231.5K06/210.28 mi3, Marbury Close, Stockport, Greater Manchester SK3 0HB3
£263K02/230.29 mi5, Marbury Close, Stockport, Greater Manchester SK3 0HB3
£210K12/200.31 mi3, Churchley Close, Stockport, Greater Manchester SK3 0TE3
£350K06/210.33 mi1, Parkway, Stockport, Greater Manchester SK3 0PX3
£291K02/230.33 mi1, Sandileigh Avenue, Cheadle, Greater Manchester SK8 2EX3
£212K09/210.34 mi32, Kelsall Road, Cheadle, Greater Manchester SK8 2NE3
£289K12/200.34 mi49, Birchfield Road, Stockport, Greater Manchester SK3 0SY3
£205K02/210.34 mi44, Birchfield Road, Stockport, Greater Manchester SK3 0SY3
£318K09/210.34 mi61, Birchfield Road, Stockport, Greater Manchester SK3 0SY3
£312K08/230.34 mi51, Birchfield Road, Stockport, Greater Manchester SK3 0SY3
£312K08/230.34 mi51, Birchfield Road, Stockport, Greater Manchester SK3 0SY3
£250K06/210.35 mi49, Cheltenham Road, Stockport, Greater Manchester SK3 0SL3
£260K12/220.35 mi40, Cheltenham Road, Stockport, Greater Manchester SK3 0SL3
£280K03/230.35 mi57, Cheltenham Road, Stockport, Greater Manchester SK3 0SL3

Local Rents

23 rents from £1.1K/mo to £2.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,39012/240.1 mi-3
£1,10008/240.11 miGladville Drive, Cheadle, Cheshire, SK83
£1,75002/250.14 mi-3
£1,65001/250.22 mi-3
£1,60008/240.23 mi-3
£1,40009/240.27 miArgyll Road, Cheadle3
£2,80004/250.29 mi-3
£2,00003/250.29 mi-3
£1,75012/240.31 mi-3
£1,49502/250.32 mi-3
£1,70012/240.33 miParkway SK33
£1,60009/240.34 miPark Road, Cheadle, Greater Manchester, SK83
£1,20008/240.34 miBirchfield Road, Stockport, Greater Manchester, SK33
£1,40002/250.35 mi-3
£1,30012/240.35 miCheltenham Road, Stockport, Greater Manchester, SK3 0SL3
£1,20008/240.36 miShaftsbury road Cheadle Heath SK33
£1,45008/240.39 miCuthbert Road, Cheadle, Greater Manchester, SK83
£1,30012/240.4 miStockport Road, Cheadle Heath, Stockport, SK3 0RG3
£1,30012/240.43 miDorrington Road, Stockport, SK33
£1,75008/240.45 mi-3
£1,30008/240.49 miSelsey Avenue, Stockport, Greater Manchester, SK33
£1,25009/240.52 miSandbach Walk, Cheadle, Stockport3
£1,65008/240.53 miBulkeley Road, Cheadle, SK8 2AD3

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

1.50 miles away

Nearest school

0.30 miles away

Nearest train station

1.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £260,000

March 3, 2025

Floor Plans

Description

  • Direct Transport Links To Manchester City Centre +
  • Three Bedrooms +
  • M60/M56 Motorway Links +
  • Cheadle Village Close Proximity +
  • Drive For Two Cars +
  • Low Maintenance Enclosed Rear Garden +
  • Freehold +

The Property
Nestled in a peaceful residential cul-de-sac, this delightful three-bedroom property offers a perfect blend of comfort and convenience. With off-road parking for two cars, you'll enjoy the ease of access to your home.

Situated just a stone's throw from Cheadle Village, this location provides fantastic transport links via the M60 and M56 motorways, ensuring direct connections to Manchester City Centre and Manchester Airport. Families will appreciate the excellent local amenities and the strong school catchment area, catering to both primary and secondary education. Leisure facilities and beautiful parks are also in close proximity, making it an ideal spot for outdoor activities and family fun.

Inside, the property boasts spacious living accommodation but does require some general internal updating. This is reflected in the price, giving the new buyer the exciting opportunity to add value through renovation. The rear garden features a paved area, perfect for summer gatherings, along with a small shed for additional storage.

This charming home is not just a place to live but a lifestyle choice that offers comfort, potential, and convenience in a sought-after location. Don't miss the opportunity to make this your new family haven!

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Stockport

020 3834 7974

Next Steps?

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