3 Bed Semi-Detached House, Refurb/BRRR, Cheadle Hulme, SK8 2LF, £220,000

21 Demmings Road, Cheadle, SK8 2LF - 3 views - a month ago

Auction
Refurb/BRRR
ROI: 4%
63 m²
+8 photos

ValuationFair Value

Sold Prices£175K - £454.9K
Sold Prices/m²£2.2K/m² - £7K/m²

 

 

Square Metres

63 m²
Price/m²£3.5K/m²

Value Estimate

£221,000

 

 

End Value (After Refurb)

£219,549

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£14,100

Refurb Costs

£26,710

Bridging Loan Interest

£5,775

Total Cash In

£103,335

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£219,549

Mortgage (After Refinance)

£164,662

Mortgage LTV

75%

Cash Left In

£103,335

Equity

£54,887

Rent Range

£1,100 - £2,800

Rent Estimate

£1,350

Running Costs/mo

£976

Cashflow/mo

£374

Cashflow/yr

£4,487

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £175K to £454.9K, average is £290.5K. £2.2K/m² to £7K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£253K11/210.05 mi53, Argyll Road, Cheadle, Greater Manchester SK8 2LH3
£320K03/230.05 mi4, Argyll Road, Cheadle, Greater Manchester SK8 2LQ3
£325K06/230.09 mi123, Brookfield Road, Cheadle, Greater Manchester SK8 1EY3
£291.5K08/230.1 mi117, Councillor Lane, Cheadle, Greater Manchester SK8 2HY3
£283K09/210.14 mi62, Deane Avenue, Cheadle, Greater Manchester SK8 2DW3
£205K11/200.15 mi61, Argyll Road, Cheadle, Greater Manchester SK8 2LH3
£292K08/230.15 mi61, Argyll Road, Cheadle, Greater Manchester SK8 2LH3
£235K04/230.15 mi40, Donnington Avenue, Cheadle, Greater Manchester SK8 2DL3
£290K06/210.15 mi19, Donnington Avenue, Cheadle, Greater Manchester SK8 2DL3
£350K06/210.17 mi5, Pickmere Gardens, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HZ3
£212K09/210.18 mi32, Kelsall Road, Cheadle, Greater Manchester SK8 2NE3
£260K10/210.19 mi36, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DJ3
£225K03/210.21 mi9, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DH3
£269K03/210.21 mi33, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DH3
£295K01/210.21 mi35, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DH3
£260K08/230.21 mi31, Cranleigh Drive, Cheadle, Greater Manchester SK8 2DH3
£175K03/210.21 mi3, Hale Walk, Cheadle, Greater Manchester SK8 2NF3
£180K01/210.23 mi79, St Davids Road, Cheadle, Greater Manchester SK8 2HJ3
£180K01/210.23 mi79, St Davids Road, Cheadle, Greater Manchester SK8 2HJ3
£327.5K05/230.25 mi12, Palmer Avenue, Cheadle, Greater Manchester SK8 2DF3
£312.5K02/230.25 mi19, Palmer Avenue, Cheadle, Greater Manchester SK8 2DF3
£400K04/230.26 mi26, Dryden Avenue, Cheadle, Greater Manchester SK8 2AW3
£454.9K08/230.27 mi161, Queens Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HX3
£417.5K06/210.27 mi150, Radnormere Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LB3
£395K05/230.27 mi123, Radnormere Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LB3
£291K05/230.27 mi89, Radnormere Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LB3
£245K12/200.28 mi9, St Ives Avenue, Cheadle, Greater Manchester SK8 2HG3
£211K08/210.28 mi38, St Davids Road, Cheadle, Greater Manchester SK8 2HF3
£185K01/210.28 mi39, St Davids Road, Cheadle, Greater Manchester SK8 2HF3
£389.9K02/210.3 mi1, Hatchmere Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LD3
£230K03/230.31 mi5, Malpas Close, Cheadle, Greater Manchester SK8 2LX3
£421K06/210.32 mi32, Rosthernmere Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5LE3
£215K03/230.34 mi56, Shakespeare Drive, Cheadle, Greater Manchester SK8 2DA3
£350K05/230.34 mi16, Shakespeare Drive, Cheadle, Greater Manchester SK8 2DA3
£200K11/200.34 mi5, Tatton Close, Cheadle, Greater Manchester SK8 2LZ3
£244K08/230.35 mi4, Hilda Avenue, Cheadle, Greater Manchester SK8 1EU3
£273.8K09/210.35 mi3, Chestnut Avenue, Cheadle, Greater Manchester SK8 1EH3
£235K12/200.35 mi25, Boundary Road, Cheadle, Greater Manchester SK8 2EN3
£337K04/210.35 mi108, Lavington Avenue, Cheadle, Greater Manchester SK8 2HH3
£315K04/230.35 mi40, Lavington Avenue, Cheadle, Greater Manchester SK8 2HH3
£352.5K01/230.36 mi56, Lavington Avenue, Cheadle, Greater Manchester SK8 2HH3
£295K12/200.37 mi137, Stockport Road, Cheadle, Greater Manchester SK8 2DP3
£304K06/210.38 mi27, Newboult Road, Cheadle, Greater Manchester SK8 2AH3
£357.5K03/210.39 mi23, Redesmere Drive, Cheadle Hulme, Cheadle, Greater Manchester SK8 5JY3
£313.5K02/230.39 mi51, Lavington Avenue, Cheadle, Greater Manchester SK8 2HQ3
£365K03/230.39 mi93, Lavington Avenue, Cheadle, Greater Manchester SK8 2HQ3
£240.8K09/230.41 mi3, Menai Grove, Cheadle, Greater Manchester SK8 2EZ3
£385K09/210.42 mi20, Bladen Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 5RU3
£260K01/210.44 mi92, Boundary Road, Cheadle, Greater Manchester SK8 2EP3
£265K09/210.44 mi63, Oak Road, Cheadle, Greater Manchester SK8 1EJ3

Local Rents

17 rents from £1.1K/mo to £2.8K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,40009/240.15 miArgyll Road, Cheadle3
£1,40002/250.16 mi-3
£1,39012/240.23 mi-3
£1,60009/240.32 miPark Road, Cheadle, Greater Manchester, SK83
£1,75002/250.36 mi-3
£1,25009/240.37 miSandbach Walk, Cheadle, Stockport3
£2,80004/250.38 mi-3
£1,60008/240.39 mi-3
£1,10008/240.39 miGladville Drive, Cheadle, Cheshire, SK83
£1,65001/250.42 mi-3
£1,65008/240.45 miBulkeley Road, Cheadle, SK8 2AD3
£1,45008/240.47 miCuthbert Road, Cheadle, Greater Manchester, SK83
£1,75008/240.5 mi-3
£2,00003/250.58 mi-3
£1,70012/240.58 miParkway SK33
£1,75012/240.59 mi-3
£1,49502/250.61 mi-3

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

1.27 miles away

Nearest school

0.10 miles away

Nearest train station

1.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £220,000

April 3, 2025

Floor Plans

Description

  • TO BE SOLD BY ONLINE AUCTION +
  • Full renovation opportunity +
  • Three-bedroom semi-detached property +
  • Large rear garden and front driveway with amp +
  • Vacant possession +
  • Freehold +

TO BE SOLD BY ONLINE AUCTION ON 23RD APRIL 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS. 21 Demmings Road, Cheadle, SK8 2LF VIRTUAL VIEWING AVAILABLE A three-bedroom semi-detached property located in the sought-after area of Cheadle. The property is in need of full renovation, presenting a great opportunity for investors or homeowners looking to add value through refurbishment. Situated on a generous plot with front and rear gardens, as well as ample off-road parking via a driveway running down the side of the property. Offered with vacant possession.

Internally, the accommodation comprises a porch, entrance hall, through lounge/dining room, and kitchen. On the first floor, there are three bedrooms—two doubles and one single—along with a separate WC and bathroom.Externally, the property benefits from a large rear garden, a front garden, and a long driveway providing plenty of off-road parking.

Here are some similar properties taken from Land Registry which have sold close by: 19 Donnington Avenue, Cheadle, SK8 2DL Sold - 30/10/2024 £342,500 Semi-Detached 3 beds 0.18 mi 135 Councillor Lane, Cheadle, SK8 2JE Sold - 09/08/2024 £332,500 Semi-Detached 3 beds 0.20 mi 5 Ellesmere Drive, Cheadle, SK8 2JBSold - 05/07/2024 £340,000 Semi-Detached 3 beds 0.24 mi

Similar property rental values in the area are in the region of £1,350 per month.

Located in a popular part of Cheadle, the property is close to local shops, schools, parks, and gyms. Excellent transport links are available via the nearby A34, M60, and M56, with easy access to Manchester City Centre and the airport. Cheadle Hulme and Gatley train stations are also within easy reach.

Vacant Possession EPC rating: D Sold as seen.

Agent Details

Edward Mellor Ltd, Auction

0161 524 2443

Next Steps?

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