3 Bed Semi-Detached House, Refurb/BRRR, Cheadle Hulme, SK8 2HA, £170,000

Gladville Drive, Cheadle, Greater Manchester, SK8 2HA - a month ago

Auction
Cash
Refurb/BRRR
ROI: 1%
~109 m²
+2 photos

ValuationFair Value

Sold Prices£180K - £365K
Sold Prices/m²£2.3K/m² - £5.1K/m²

 

 

Square Metres

~108.79 m²
Price/m²£1.6K/m²

Value Estimate

£171,700

 

 

End Value (After Refurb)

£353,415

Uplift in Value

+108%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£9,700

Refurb Costs

£46,123

Bridging Loan Interest

£4,463

Total Cash In

£104,535

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£353,415

Agent Fees (1%)

£3,534

Bridging Loan

£127,500

Bridging Loan Interest

£4,463

Flip Profit

£117,845

Local Sold Prices

51 sold prices from £180K to £365K, average is £265K. £2.3K/m² to £5.1K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£240.8K09/230.03 mi3, Menai Grove, Cheadle, Greater Manchester SK8 2EZ3
£235K12/200.04 mi25, Boundary Road, Cheadle, Greater Manchester SK8 2EN3
£232.5K09/230.06 mi10, Emlyn Grove, Cheadle, Greater Manchester SK8 2EY3
£185K01/210.11 mi39, St Davids Road, Cheadle, Greater Manchester SK8 2HF3
£211K08/210.11 mi38, St Davids Road, Cheadle, Greater Manchester SK8 2HF3
£245K12/200.12 mi9, St Ives Avenue, Cheadle, Greater Manchester SK8 2HG3
£225K03/210.13 mi1, Carrs Road, Cheadle, Greater Manchester SK8 2EE3
£200K04/210.13 mi9, Carrs Road, Cheadle, Greater Manchester SK8 2EE3
£280K08/230.14 mi33, Aber Road, Cheadle, Greater Manchester SK8 2ER3
£365K03/230.14 mi93, Lavington Avenue, Cheadle, Greater Manchester SK8 2HQ3
£313.5K02/230.14 mi51, Lavington Avenue, Cheadle, Greater Manchester SK8 2HQ3
£260K01/210.14 mi92, Boundary Road, Cheadle, Greater Manchester SK8 2EP3
£285K10/220.16 mi93, Sherborne Road, Stockport, Greater Manchester SK3 0SP3
£180K01/210.17 mi79, St Davids Road, Cheadle, Greater Manchester SK8 2HJ3
£180K01/210.17 mi79, St Davids Road, Cheadle, Greater Manchester SK8 2HJ3
£210K12/200.2 mi3, Churchley Close, Stockport, Greater Manchester SK3 0TE3
£260K03/210.2 mi11, Marbury Close, Stockport, Greater Manchester SK3 0HB3
£231.5K06/210.2 mi3, Marbury Close, Stockport, Greater Manchester SK3 0HB3
£263K02/230.21 mi5, Marbury Close, Stockport, Greater Manchester SK3 0HB3
£352.5K01/230.21 mi56, Lavington Avenue, Cheadle, Greater Manchester SK8 2HH3
£337K04/210.22 mi108, Lavington Avenue, Cheadle, Greater Manchester SK8 2HH3
£315K04/230.22 mi40, Lavington Avenue, Cheadle, Greater Manchester SK8 2HH3
£215K03/230.22 mi56, Shakespeare Drive, Cheadle, Greater Manchester SK8 2DA3
£350K05/230.22 mi16, Shakespeare Drive, Cheadle, Greater Manchester SK8 2DA3
£260K10/210.23 mi36, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DJ3
£295K01/210.23 mi35, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DH3
£225K03/210.23 mi9, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DH3
£269K03/210.23 mi33, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DH3
£260K08/230.23 mi31, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DH3
£291K02/230.23 mi1, Sandileigh Avenue, Cheadle, Greater Manchester SK8 2EX3
£250K06/210.24 mi49, Cheltenham Road, Stockport, Greater Manchester SK3 0SL3
£260K12/220.24 mi40, Cheltenham Road, Stockport, Greater Manchester SK3 0SL3
£280K03/230.24 mi57, Cheltenham Road, Stockport, Greater Manchester SK3 0SL3
£322.5K03/230.24 mi85, Cheltenham Road, Stockport, Greater Manchester SK3 0SL3
£312.5K02/230.25 mi19, Palmer Avenue, Cheadle, Greater Manchester SK8 2DF3
£327.5K05/230.25 mi12, Palmer Avenue, Cheadle, Greater Manchester SK8 2DF3
£289K12/200.25 mi49, Birchfield Road, Stockport, Greater Manchester SK3 0SY3
£205K02/210.25 mi44, Birchfield Road, Stockport, Greater Manchester SK3 0SY3
£318K09/210.25 mi61, Birchfield Road, Stockport, Greater Manchester SK3 0SY3
£312K08/230.25 mi51, Birchfield Road, Stockport, Greater Manchester SK3 0SY3
£312K08/230.25 mi51, Birchfield Road, Stockport, Greater Manchester SK3 0SY3
£283K09/210.26 mi62, Deane Avenue, Cheadle, Greater Manchester SK8 2DW3
£290K06/210.28 mi19, Donnington Avenue, Cheadle, Greater Manchester SK8 2DL3
£235K04/230.28 mi40, Donnington Avenue, Cheadle, Greater Manchester SK8 2DL3
£350K06/210.29 mi1, Parkway, Stockport, Greater Manchester SK3 0PX3
£265K06/210.29 mi35, Sherborne Road, Stockport, Greater Manchester SK3 0SN3
£274K09/210.29 mi51, Sherborne Road, Stockport, Greater Manchester SK3 0SN3
£291.5K08/230.29 mi117, Councillor Lane, Cheadle, Greater Manchester SK8 2HY3
£225K05/210.3 mi13, Arbury Avenue, Stockport, Greater Manchester SK3 0QA3
£235K06/210.3 mi24, Arbury Avenue, Stockport, Greater Manchester SK3 0QA3
£280K02/230.3 mi1, Arbury Avenue, Stockport, Greater Manchester SK3 0QA3

Local Rents

21 rents from £1.1K/mo to £2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,10008/240.02 miGladville Drive, Cheadle, Cheshire, SK83
£1,65001/250.16 mi-3
£1,39012/240.17 mi-3
£1,75002/250.19 mi-3
£1,60008/240.2 mi-3
£2,00003/250.2 mi-3
£1,75012/240.21 mi-3
£1,49502/250.22 mi-3
£1,30012/240.24 miCheltenham Road, Stockport, Greater Manchester, SK3 0SL3
£1,20008/240.25 miShaftsbury road Cheadle Heath SK33
£1,20008/240.25 miBirchfield Road, Stockport, Greater Manchester, SK33
£1,70012/240.29 miParkway SK33
£1,30012/240.33 miStockport Road, Cheadle Heath, Stockport, SK3 0RG3
£1,40009/240.35 miArgyll Road, Cheadle3
£1,30012/240.36 miDorrington Road, Stockport, SK33
£1,40002/250.43 mi-3
£1,60009/240.44 miPark Road, Cheadle, Greater Manchester, SK83
£1,45008/240.46 miCuthbert Road, Cheadle, Greater Manchester, SK83
£1,30008/240.47 miSelsey Avenue, Stockport, Greater Manchester, SK33
£1,75008/240.51 mi-3
£1,25009/240.58 miSandbach Walk, Cheadle, Stockport3

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

1.56 miles away

Nearest school

0.30 miles away

Nearest train station

1.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £170,000

March 4, 2025

Floor Plans

Description

CASH BUYERS ONLY BUY TO LET OPPORTUNITY Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £170000.

A three bedroomed property situated in a POPULAR RESIDENTIAL AREA which requires FULL MODERNISATION THROUGHOUT with potential for conversion to two flats for investment subject to planning and building approval. The upstairs accommodation is currently accessed via staircase at the rear of the property as the current owner has carried out some adjustments to start the conversion but could be changed back to a house to suit a buyers needs. APPROX 1171 SQ.FT.

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Agent Details

Mitchell Williams, Cheadle

0161 491 2709

Next Steps?

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