3 Bed Semi-Detached House, Refurb/BRRR, Cheadle Hulme, SK8 1JB, £600,000

Schools Hill, Cheadle, Greater Manchester, SK8 1JB - 4 views - 2 months ago

Refurb/BRRR
~138 m²
+12 photos

ValuationOvervalued

Sold Prices£205K - £816.5K
Sold Prices/m²£2K/m² - £5.9K/m²

 

 

Square Metres

~137.60 m²
Price/m²£4.4K/m²

Value Estimate

£482,260

 

 

End Value (After Refurb)

£479,406

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£150,000

Stamp Duty & Legal Fees

£51,200

Refurb Costs

£58,337

Bridging Loan Interest

£15,750

Total Cash In

£277,037

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£479,406

Mortgage (After Refinance)

£359,555

Mortgage LTV

75%

Cash Left In

£277,037

Equity

£119,852

Rent Range

£850 - £1,995

Rent Estimate

£1,687

Running Costs/mo

£1,856

Cashflow/mo

£-169

Cashflow/yr

£-2,023

Gross Yield

3%

Local Sold Prices

50 sold prices from £205K to £816.5K, average is £368.8K. £2K/m² to £5.9K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£435K01/210.01 mi52, Schools Hill, Cheadle, Greater Manchester SK8 1JB3
£560K05/230.27 mi4, Barcheston Road, Cheadle, Greater Manchester SK8 1LL3
£272.5K02/210.3 mi20, Hazel Avenue, Cheadle, Greater Manchester SK8 1EN3
£615K10/210.3 mi17, Cherington Road, Cheadle, Greater Manchester SK8 1LN3
£816.5K03/210.31 mi6, Valley Close, Cheadle, Greater Manchester SK8 1HZ3
£432.5K02/210.33 mi8, Broadway Avenue, Cheadle, Greater Manchester SK8 1NN3
£244K08/230.34 mi4, Hilda Avenue, Cheadle, Greater Manchester SK8 1EU3
£265K09/210.37 mi63, Oak Road, Cheadle, Greater Manchester SK8 1EJ3
£370K06/230.42 mi33, Kendal Drive, Gatley, Cheadle, Greater Manchester SK8 4QJ3
£285K02/210.42 mi57, Kendal Drive, Gatley, Cheadle, Greater Manchester SK8 4QJ3
£380K06/230.44 mi12, Farley Court, Cheadle Hulme, Cheadle, Greater Manchester SK8 5JG3
£279K03/210.44 mi12, Farley Court, Cheadle Hulme, Cheadle, Greater Manchester SK8 5JG3
£275K01/210.45 mi14b, Wilmslow Road, Cheadle, Greater Manchester SK8 1NE3
£367.5K04/230.46 mi3, Langdale Close, Gatley, Cheadle, Greater Manchester SK8 4QW3
£435.1K07/230.46 mi11, Langdale Close, Gatley, Cheadle, Greater Manchester SK8 4QW3
£380K04/210.46 mi10, Langdale Close, Gatley, Cheadle, Greater Manchester SK8 4QW3
£375K12/200.47 mi22, Warren Avenue, Cheadle, Greater Manchester SK8 1ND3
£273.8K09/210.47 mi3, Chestnut Avenue, Cheadle, Greater Manchester SK8 1EH3
£355K04/210.48 mi35, Warren Avenue, Cheadle, Greater Manchester SK8 1NB3
£454.9K08/230.52 mi161, Queens Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HX3
£465K07/210.53 mi11, Chadvil Road, Cheadle, Greater Manchester SK8 1NX3
£445K09/230.53 mi115, Queens Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HR3
£331K07/230.53 mi3, Oak Road, Cheadle, Greater Manchester SK8 1ED3
£350K06/210.55 mi5, Pickmere Gardens, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HZ3
£400K09/210.56 mi110, Queens Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HS3
£275K03/210.56 mi120, Queens Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HS3
£375K12/200.58 mi8, Orrishmere Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HP3
£421K06/210.59 mi32, Rosthernmere Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LE3
£325K06/230.6 mi123, Brookfield Road, Cheadle, Greater Manchester SK8 1EY3
£460K06/230.6 mi44, Silverdale Road, Gatley, Cheadle, Greater Manchester SK8 4QS3
£284K03/210.61 mi42, Bulkeley Road, Cheadle, Greater Manchester SK8 2AD3
£526K02/230.62 mi75, Gatley Road, Cheadle, Greater Manchester SK8 1LX3
£440K11/200.63 mi13, Radnormere Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5JX3
£500K06/230.63 mi2, Radnormere Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5JX3
£237.5K10/230.63 mi1, North Downs Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5EP3
£389.9K02/210.64 mi1, Hatchmere Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LD3
£304K06/210.64 mi27, Newboult Road, Cheadle, Greater Manchester SK8 2AH3
£417.5K06/210.65 mi150, Radnormere Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LB3
£395K05/230.65 mi123, Radnormere Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LB3
£291K05/230.65 mi89, Radnormere Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LB3
£357.5K03/210.65 mi23, Redesmere Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5JY3
£333K04/230.65 mi58, Stockport Road, Cheadle, Greater Manchester SK8 2AA3
£430K07/230.65 mi10, Hall Street, Cheadle, Greater Manchester SK8 1PJ3
£350K01/210.65 mi24, Hall Street, Cheadle, Greater Manchester SK8 1PJ3
£340K06/210.66 mi4, Hampton Grove, Cheadle Hulme, Cheadle, Greater Manchester SK8 6DG3
£240K04/210.67 mi16, Hurley Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 6DH3
£245K06/210.67 mi14, Hurley Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 6DH3
£205K06/210.67 mi1, Hurley Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 6DH3
£330K01/230.67 mi6, Taplow Grove, Cheadle Hulme, Cheadle, Greater Manchester SK8 6DL3
£455K01/230.68 mi7, Marrick Avenue, Cheadle, Greater Manchester SK8 1QQ3

Local Rents

10 rents from £850/mo to £2K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,65009/240.24 miSchools Green, Cheadle, SK8 1JL3
£1,99509/240.3 miCringle Drive, Cheadle3
£1,50009/240.42 miKendal Drive, Gatley3
£1,55009/240.44 miKendal Drive, SK83
£1,35004/250.59 mi-3
£1,50009/240.6 miSilverdale Road, Gatley,SK8 4QS3
£1,65008/240.61 miBulkeley Road, Cheadle, SK8 2AD3
£1,35008/240.61 mi-3
£1,39504/250.61 mi-3
£85008/240.62 miMoseley Grange, Cheadle Hulme3

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

1.22 miles away

Nearest school

0.10 miles away

Nearest train station

0.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £600,000

March 14, 2025

Floor Plans

Description

I am pleased to present this magnificent, semi-detached Edwardian house for sale. Nestled in a prestigious location, this neutrally decorated property offers an abundance of potential to enhance and add value, although it is in need of some updating.

The property boasts three spacious reception rooms, all separate and benefitting from large windows. The first reception room, a delightful morning room, provides built-in storage. The second is bay fronted and features a charming fireplace, and the third reception room enjoys a serene garden view, allowing residents to appreciate the greenery while relaxing indoors.

The house also offers three double bedrooms, each equipped with built-in wardrobes. The master bedroom is a standout feature of the property, offering the perfect personal sanctuary all of which are complemented by a family bathroom.

The kitchen is well-appointed with built-in pantries and benefits from natural light, creating a bright and airy space for culinary pursuits. Downstairs w.c with wash hand basin.

Set on a generous elevated plot, the property enjoys a large, imposing presence. The exterior features include parking facilities and a beautiful garden, adding to the overall appeal of the estate.

Additionally, the property's location provides easy access to public transport links, excellent schools, and local amenities. It is also close to the A34 bypass and Bruntwood, and green spaces, including nearby parks, are within proximity.

In summary, this property presents a unique opportunity for those looking to put their stamp on a substantial home with vast potential. The ideal blend of period charm and modern convenience, it is a must-see for any prospective buyer seeking a home in a sought-after location.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

CHE250086/2

Agent Details

Reeds Rains, Cheadle

0161 524 4728

Next Steps?

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