2 Bed Semi-Detached House, Refurb/BRRR, Cheadle Hulme, SK8 5RL, £270,000

Middlefields, Cheadle Hulme, SK8 5RL - 3 views - 14 days ago

Refurb/BRRR
ROI: 3%
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£145.3K - £428.5K
Sold Prices/m²£1.9K/m² - £6.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£213,007

 

 

End Value (After Refurb)

£239,375

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£18,200

Refurb Costs

£28,876

Bridging Loan Interest

£7,088

Total Cash In

£123,414

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£239,375

Mortgage (After Refinance)

£179,532

Mortgage LTV

75%

Cash Left In

£123,414

Equity

£59,844

Rent Range

£875 - £2,795

Rent Estimate

£1,366

Running Costs/mo

£1,041

Cashflow/mo

£325

Cashflow/yr

£3,897

ROI

3%

Gross Yield

6%

Local Sold Prices

51 sold prices from £145.3K to £428.5K, average is £215K. £1.9K/m² to £6.1K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£282K05/230 mi3, Middlefields, Cheadle Hulme, Cheadle, Greater Manchester SK8 5RL2
£275K11/210.03 mi18, Edenbridge Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5PX2
£330K02/230.04 mi18, Edenbridge Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5PX2
£245K03/210.04 mi55, Edenbridge Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5PX2
£345K04/230.07 mi1b, Twining Brook Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5PU2
£232K01/230.07 mi6, Windfields Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 5RH2
£215K03/210.18 mi129, Ladybridge Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5PL2
£325K05/230.18 mi139, Ladybridge Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5PL2
£325K07/230.18 mi141, Ladybridge Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5PL2
£288K05/230.2 mi83, Calderbrook Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5RZ2
£195K11/200.35 mi47, Birdhall Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5QE2
£176.5K11/200.35 mi92, Grange Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NL2
£232K09/210.35 mi92, Grange Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NL2
£249.9K09/230.35 mi98, Grange Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5NL2
£205K01/210.36 mi72, Birdhall Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5QH2
£197K07/230.41 mi8, Bishops Close, Cheadle, Greater Manchester SK8 2JT2
£157.5K04/210.41 mi37, Parsonage Way, Cheadle, Greater Manchester SK8 2JS2
£190K09/230.41 mi16, Parsonage Way, Cheadle, Greater Manchester SK8 2JS2
£164K12/200.44 mi4, Audlem Walk, Cheadle, Greater Manchester SK8 2LS2
£231K02/230.46 mi11, Priory Road, Cheadle, Greater Manchester SK8 2JR2
£145.3K10/200.51 mi20, Tarvin Road, Cheadle, Greater Manchester SK8 2LL2
£190.6K01/230.52 mi12, Abbey Road, Cheadle, Greater Manchester SK8 2JW2
£203K11/210.61 mi25, York Close, Cheadle, Greater Manchester SK8 2JJ2
£428.5K03/210.61 mi1, Grange Avenue, Cheadle Hulme, Cheadle, Greater Manchester SK8 5EN2
£235K01/210.62 mi17, Rosthernmere Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LE2
£240K02/210.63 mi31, Laleham Green, Bramhall, Stockport, Greater Manchester SK7 3LJ2
£195K11/210.64 mi11, Hyacinth Close, Stockport, Greater Manchester SK3 8QQ2
£406.9K02/210.65 mi123a, Cheadle Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5DQ2
£194K05/210.69 mi55, Rushton Drive, Bramhall, Stockport, Greater Manchester SK7 3LB2
£259K09/220.69 mi67, Rushton Drive, Bramhall, Stockport, Greater Manchester SK7 3LB2
£225K03/210.72 mi329, Adswood Road, Stockport, Greater Manchester SK3 8PL2
£168K02/210.74 mi11, Oban Crescent, Stockport, Greater Manchester SK3 8RW2
£187K04/210.78 mi124, Rushton Drive, Bramhall, Stockport, Greater Manchester SK7 3LE2
£243.8K09/210.78 mi112, Rushton Drive, Bramhall, Stockport, Greater Manchester SK7 3LE2
£188K06/210.79 mi64, St Davids Road, Cheadle, Greater Manchester SK8 2HJ2
£210K09/210.79 mi61, St Davids Road, Cheadle, Greater Manchester SK8 2HJ2
£200K03/210.81 mi87, Station Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7BG2
£208K02/210.83 mi46, Deane Avenue, Cheadle, Greater Manchester SK8 2DW2
£200K03/210.83 mi54, Deane Avenue, Cheadle, Greater Manchester SK8 2DW2
£155K04/210.9 mi26, Sandpiper Drive, Stockport, Greater Manchester SK3 8UL2
£160K01/210.91 mi2, Marsh Close, Stockport, Greater Manchester SK3 8UQ2
£190K07/230.91 mi14, Marsh Close, Stockport, Greater Manchester SK3 8UQ2
£305K02/210.91 mi15, Ravenoak Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7DL2
£385K07/230.91 mi23, Ravenoak Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7DL2
£385K07/230.91 mi23, Ravenoak Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 7DL2
£230K12/220.91 mi9, Naples Road, Stockport, Greater Manchester SK3 0TN2
£205K02/230.91 mi102, Bexhill Road, Stockport, Greater Manchester SK3 8UZ2
£202K04/230.91 mi86, Bexhill Road, Stockport, Greater Manchester SK3 8UZ2
£192.5K02/210.92 mi12, Chinley Close, Bramhall, Stockport, Greater Manchester SK7 3HP2
£338K01/230.93 mi75, Turves Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 6AE2
£220K03/230.93 mi22, Shaftesbury Road, Stockport, Greater Manchester SK3 0SG2

Local Rents

13 rents from £875/mo to £2.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,30002/250.07 mi-2
£1,25002/250.07 mi-2
£1,10011/240.19 mi-2
£95001/250.21 mi-2
£2,45010/240.34 mi-2
£2,79501/250.34 mi-2
£87508/240.35 miWorcester Road,Cheadle Hulme,Cheadle,SK8 2
£1,29003/250.4 mi-2
£1,20008/240.42 miCedar Lawn, Arran Court, Cheadle Hulme, Cheadle, Cheshire2
£1,10008/240.43 miCedar Lawn, Cheadle Hulme2
£1,05002/250.51 mi-2
£1,10011/230.56 miWarren Road, Cheadle Hulme2
£1,30009/240.61 mi13 Oaktree Cottages Anfield Road Cheadle Hulme Cheshire2

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

0.85 miles away

Nearest school

0.30 miles away

Nearest train station

0.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £270,000

March 29, 2025

Floor Plans

Description

  • Freehold +
  • Private Rear Garden +
  • Garage +
  • Driveway for 2 Cars +
  • Excellent Transport Links +
  • Ladybridge Residents Club +
  • Highly Sought after Location +

This delightful 2 bedroom semi-detached home would be ideal for first-time buyers or downsizers. With some modernisation required, this is a fantastic opportunity to put your own mark on this home. The living room diner is open to the kitchen area, providing a lovely open plan sociable space to the front of the property. To the rear of the property is a conservatory, with views over the enclosed rear garden. Stairs from the living room lead to the first floor, where you will find the main bedroom on the right, with built-in wardrobes on one wall. Bedroom 2, a small double or good-sized single room, also sits to the front of the property. The bathroom to the rear has white ceramic wall tiles, and a white bathroom suite, comprising a bath, over-bath shower, washbasin and WC. To the rear of the property is a large single garage, with an up-and-over garage door to the front aspect. The private rear garden offers space to relax in the summer months, with a patio adjacent to the property and a lawn surrounded by mature shrubs. To the front of the property is a small lawned area with a hedge alongside a driveway with ample space for 2 cars. The property is within easy walking distance to Cheadle Hulme village with its shops, bars, restaurants, and direct rail links to Stockport and Manchester.  The property benefits from membership to the Ladybridge Residents Club (small annual fee) A fabulous property that will likely appeal to first-time buyers and downsizers. Don't delay, book a viewing today.

Agent Details

EweMove, Covering North West England

01274 015949

Next Steps?

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

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