4 Bed Detached House, Refurb/BRRR, Cheadle Hulme, SK8 1JH, £650,000

Cringle Drive, Cheadle, Greater Manchester, SK8 1JH - 4 views - 24 days ago

Refurb/BRRR
Planning
~129 m²
+14 photos

ValuationOvervalued

Sold Prices£270K - £845K
Sold Prices/m²£2.2K/m² - £6.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£5K/m²

Value Estimate

£426,084

 

 

End Value (After Refurb)

£650,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£56,200

Refurb Costs

£54,800

Bridging Loan Interest

£17,063

Total Cash In

£292,313

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£650,000

Mortgage (After Refinance)

£487,500

Mortgage LTV

75%

Cash Left In

£292,313

Equity

£162,500

Rent Range

£1,350 - £3,250

Rent Estimate

£2,095

Running Costs/mo

£2,470

Cashflow/mo

£-375

Cashflow/yr

£-4,503

Gross Yield

4%

Local Sold Prices

50 sold prices from £270K to £845K, average is £477.5K. £2.2K/m² to £6.9K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£714K06/210.11 mi51, Barcheston Road, Cheadle, Greater Manchester SK8 1LJ4
£587K09/210.12 mi299, Kingsway, Cheadle, Greater Manchester SK8 1LP4
£614K01/230.14 mi43, Daylesford Road, Cheadle, Greater Manchester SK8 1LE4
£316K12/200.2 mi69, Silverdale Road, Gatley, Cheadle, Greater Manchester SK8 4QR4
£630K04/210.2 mi26, Daylesford Crescent, Cheadle, Greater Manchester SK8 1LH4
£650K02/210.22 mi76, Schools Hill, Cheadle, Greater Manchester SK8 1JD4
£548.5K06/210.25 mi58, Schools Hill, Cheadle, Greater Manchester SK8 1JB4
£737K03/210.25 mi36, Broadway, Cheadle, Greater Manchester SK8 1LD4
£625K08/230.3 mi2, Mornington Road, Cheadle, Greater Manchester SK8 1NJ4
£800K05/230.34 mi29, Foxland Road, Gatley, Cheadle, Greater Manchester SK8 4QA4
£420K01/210.38 mi235, Kingsway, Cheadle, Greater Manchester SK8 1LA4
£445K09/210.39 mi103, St Anns Road North, Heald Green, Cheadle, Greater Manchester SK8 4RY4
£470K12/200.39 mi109, St Anns Road North, Heald Green, Cheadle, Greater Manchester SK8 4RY4
£495K03/210.39 mi111, St Anns Road North, Heald Green, Cheadle, Greater Manchester SK8 4RY4
£480K06/230.43 mi6, Appleby Road, Gatley, Cheadle, Greater Manchester SK8 4QD4
£420K12/210.44 mi55, Grasmere Road, Gatley, Cheadle, Greater Manchester SK8 4RS4
£584K01/210.45 mi22, Foxland Road, Gatley, Cheadle, Greater Manchester SK8 4QB4
£390K05/230.47 mi21, Borrowdale Avenue, Gatley, Cheadle, Greater Manchester SK8 4QE4
£600K07/230.47 mi3, Kentmere Close, Gatley, Cheadle, Greater Manchester SK8 4RD4
£475K06/210.48 mi11, Torkington Road, Gatley, Cheadle, Greater Manchester SK8 4PR4
£845K07/230.55 mi24, Park Lodge Close, Cheadle, Greater Manchester SK8 1HU4
£542K05/210.56 mi85, St Anns Road North, Heald Green, Cheadle, Greater Manchester SK8 4RZ4
£560K01/210.59 mi20, Linksway, Gatley, Cheadle, Greater Manchester SK8 4LB4
£475K12/200.62 mi12, Marrick Avenue, Cheadle, Greater Manchester SK8 1QQ4
£287.9K01/210.63 mi3, The Mews, Gatley, Cheadle, Greater Manchester SK8 4PS4
£407K03/230.63 mi1, The Mews, Gatley, Cheadle, Greater Manchester SK8 4PS4
£353K01/230.72 mi5, Farley Court, Cheadle Hulme, Cheadle, Greater Manchester SK8 5JG4
£615K08/230.73 mi11, Marchbank Drive, Cheadle, Greater Manchester SK8 1QY4
£420.5K12/200.73 mi20, Oakwood Avenue, Gatley, Cheadle, Greater Manchester SK8 4LR4
£430K03/210.75 mi120, Styal Road, Heald Green, Cheadle, Greater Manchester SK8 3TG4
£550K11/210.75 mi86, Gleneagles Road, Heald Green, Cheadle, Greater Manchester SK8 3EN4
£415K06/210.76 mi19, Brook Road, Cheadle, Greater Manchester SK8 1PQ4
£440K06/230.76 mi23, Brook Road, Cheadle, Greater Manchester SK8 1PQ4
£655K06/210.77 mi27, Cheadle Road, Cheadle Hulme, Cheadle, Greater Manchester SK8 5HL4
£270K03/210.78 mi48, Brandon Avenue, Heald Green, Cheadle, Greater Manchester SK8 3SQ4
£500.3K12/200.79 mi11, Turnberry Road, Heald Green, Cheadle, Greater Manchester SK8 3EP4
£420K07/230.79 mi5, Firs Grove, Gatley, Cheadle, Greater Manchester SK8 4JU4
£392.5K01/210.79 mi22, St Andrews Road, Heald Green, Cheadle, Greater Manchester SK8 3ES4
£535K07/230.79 mi3, Pembroke Close, Cheadle Hulme, Cheadle, Greater Manchester SK8 6GQ4
£425K08/210.8 mi15, St Andrews Road, Heald Green, Cheadle, Greater Manchester SK8 3ES4
£392.5K01/210.8 mi22, St Andrews Road, Heald Green, Cheadle, Greater Manchester SK8 3ES4
£480K11/210.8 mi74, South Park Road, Gatley, Cheadle, Greater Manchester SK8 4AN4
£490K07/230.81 mi5, Carnoustie Drive, Heald Green, Cheadle, Greater Manchester SK8 3EW4
£361.5K03/210.83 mi6, Kings Avenue, Gatley, Cheadle, Greater Manchester SK8 4JN4
£388K04/210.85 mi75, Belmont Road, Gatley, Cheadle, Greater Manchester SK8 4AG4
£500K06/230.85 mi69, Belmont Road, Gatley, Cheadle, Greater Manchester SK8 4AG4
£410K02/210.85 mi33, Gleneagles Road, Heald Green, Cheadle, Greater Manchester SK8 3EL4
£465K04/210.85 mi67, Belmont Road, Gatley, Cheadle, Greater Manchester SK8 4AG4
£812.5K11/200.86 mi3, West Drive, Gatley, Cheadle, Greater Manchester SK8 4JJ4
£462.5K04/230.87 mi4, Troon Drive, Heald Green, Cheadle, Greater Manchester SK8 3ER4

Local Rents

20 rents from £1.4K/mo to £3.3K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£2,00009/240.02 miCringle Drive, Cheadle, Greater Manchester, SK84
£1,99509/240.02 miCringle Drive, Cheadle3
£2,50008/240.11 miBarcheston Road, Cheadle, Greater Manchester, SK85
£1,50009/240.12 miKendal Drive, Gatley3
£1,55009/240.14 miKendal Drive, SK83
£2,70009/240.14 miThe Downs, Cheadle, Cheshire, Greater Manchester, SK84
£1,65009/240.15 miSchools Green, Cheadle, SK8 1JL3
£2,60008/240.19 mi-5
£2,35009/240.26 mi-4
£1,50009/240.31 miSilverdale Road, Gatley,SK8 4QS3
£3,25004/250.32 mi-5
£3,20008/240.38 mi-5
£3,10004/250.38 mi-5
£1,75009/240.4 miAlcester Road, Gatley, Cheadle3
£1,75010/240.44 mi-3
£1,75009/240.47 miAlcester Road, Gatley, Cheadle, SK83
£1,75009/240.47 miAlcester Road, SK8, Gatley3
£1,40008/240.49 miSt Bees Close, Gatley3
£2,50008/240.57 miSt. Anns Road North, Heald Green, Cheadle, SK85
£1,35004/250.62 mi-3

Local Area Statistics

Population in SK8

58,396

Population in Cheadle Hulme

58,434

Town centre distance

1.41 miles away

Nearest school

0.20 miles away

Nearest train station

0.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £650,000

April 5, 2025

Floor Plans

Description

  • Superb four-bedroom detached family home on a sought-after road +
  • Fully renovated throughout, including new roof, full rewire, and boiler under 12 months old +
  • Four well-proportioned bedrooms, including a luxurious master with en-suite and double sinks +
  • Generous driveway with off-road parking for multiple vehicles +
  • Beautiful south-facing rear garden with raised patio area—ideal for entertaining +
  • versatile outbuilding currently used as a home gym +

A SUPERB four bedroom DETACHED FAMILY RESIDENCE occupying a SPACIOUS PLOT on this POPULAR ROAD close to BRUNTWOOD PARK offering an EXCELLENT OPPORTUNITY for a FAMILY BUYER looking for SPACIOUS ACCOMMODATION within close proximity of POPULAR SCHOOLS and MOTORWAY LINKS. APPROX 1504 SQ.FT. A beautifully renovated family home offering stylish living, generous space, and exceptional outdoor features. To the ground floor, the property welcomes you with a light and airy entrance hall, leading to a beautifully presented living room. To the rear, you’ll find a stunning modern kitchen/dining room complete with integrated appliances—ideal for entertaining and family life. The garage is currently used for storage but offers excellent potential to be converted into additional living space, subject to the necessary consents. Upstairs, the first floor hosts four well-proportioned bedrooms. The impressive master bedroom boasts a modern en-suite shower room with his and hers sinks, while the remaining bedrooms are served by a contemporary family bathroom. Since purchase, the current owners have undertaken a full renovation programme, including a new roof, complete rewire, and a new boiler installed less than 12 months ago, offering peace of mind for future owners. Externally, the front of the property features a spacious driveway providing off-road parking for multiple vehicles. To the rear, you’ll find a stunning south-facing garden with a raised patio—perfect for outdoor entertaining. The property also benefits from a versatile outbuilding currently used as a home gym, but equally suitable as a home office, studio, or garden room. Additionally, the property previously had planning permission approved for a 4-metre rear extension, offering scope for further development. Early viewing is highly recommended to fully appreciate the space, style, and potential this exceptional home has to offer.

Agent Details

Mitchell Williams, Cheadle

0161 491 2709

Next Steps?

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