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Friars Close, Cheadle

West Midlands

£415,000
Listed on 06/09/2024

Property Details

Bedrooms
4
Type
Detached house
Area
1333 sqft

Description

This split-level detached home offers an excellent canvas for renovation and investment, strategically situated at the end of a quiet cul-de-sac with elevated views over Cheadle. The property’s setting provides both tranquility and privacy while remaining conveniently close to local amenities. Upon entering, you are greeted by a spacious hallway that connects to various living spaces on this level. The large lounge serves as the focal point of the home, featuring multiple windows that fill the area with natural light and frame picturesque views of the surrounding landscape. Adjacent to the lounge is a traditional kitchen that, while functional, presents opportunities for modernization. This space includes a utility area and a cloakroom, and it opens directly to the outdoors, enhancing accessibility for entertaining or outdoor activities. The dining room's proximity to the kitchen allows for potential open-plan enhancements, catering to contemporary lifestyles. A notable feature of this property is the internal access to a double garage from the entrance hall. While currently serving its practical purpose of parking and storage, this space holds considerable potential for conversion into additional living areas or even self-contained accommodation (subject to relevant permissions), greatly increasing the home's value. On the lower level, four well-sized bedrooms provide comfortable sleeping quarters. The master bedroom boasts an en-suite bathroom, while a family bathroom accommodates the rest of the household’s needs. Each bedroom benefits from ample natural light and storage options. The outdoor area is characterized by mature gardens that provide seclusion and peacefulness—a perfect retreat from busy everyday life. With thoughtful updates and landscaping enhancements, this setting could be transformed into an inviting outdoor space ideal for family gatherings or relaxation. Overall, this property stands out as an investment opportunity ripe for modernisation in a desirable neighborhood. With its spacious layout and varied features, there is significant potential here to create a stylish family home tailored to modern needs while benefiting from its generous proportions and picturesque location.

Investment Analysis

(ST10 area)

Above Market Value

This property is priced +19.6% above area average per sq ft

+19.6%
This Property
£311/sq ft
Area Average
£260/sq ft
Avg Rent (weekly)
£273
Avg Yield
4.3%

Renovation Potential

Est. Renovation Cost
£41,500 - £103,750
10-25% of property value
Target Value
£381,825
10% above area average per sq ft
Potential ROI
-26.4%
After renovation
Monthly Sales
23
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (ST10)

Area prices are rising by +2.9% over the last 12 months
3 year growth: 4.8%
5 year growth: 30.7%
Investment Disclaimer: Analysis based on ST10 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Friars Close, Cheadle
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