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Ness Grove, Cheadle

West Midlands

£240,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Detached
Area
797 sqft

Description

This detached property, situated in the desirable Cheadle area of Staffordshire, offers a unique opportunity for buyers looking to personalize their living space. With no upward chain, you can begin your renovation journey immediately. The hallway welcomes you into a spacious reception room that holds great potential for modernization and reconfiguration to suit your lifestyle needs. Adjacent is a conservatory that overlooks a generous rear garden, providing an ideal setting for outdoor enhancements or landscaping. The kitchen features ample storage and work surfaces, yet it would benefit from updating to meet contemporary standards. This home includes three well-sized double bedrooms, perfect for families or guests, while the first-floor bathroom is conveniently positioned to serve all bedrooms. While the property requires modernisation, the established gas central heating ensures comfort during colder seasons as you undertake renovations. Externally, a garage adds convenience and security for parking or extra storage, while the expansive rear garden invites potential for creative landscaping or outdoor entertainment spaces. Cheadle offers an array of amenities within reach, as well as easy access to picturesque countryside trails for those who appreciate nature. Historic landmarks like St Giles Church enhance the charm of this community. Additionally, with efficient transport links including proximity to the M6 motorway, commuting is made easy. Overall, this property presents an excellent blank canvas for investors or those keen on creating their dream home in a vibrant community.

Investment Analysis

(ST10 area)

Above Market Value

This property is priced +14.5% above area average per sq ft

+14.5%
This Property
£301/sq ft
Area Average
£263/sq ft
Avg Rent (weekly)
£189
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£230,572
10% above area average per sq ft
Potential ROI
-17.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (ST10)

Area prices are stable by +1.4% over the last 12 months
3 year growth: +6.7%
5 year growth: +19.1%
Investment Disclaimer: Analysis based on ST10 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Ness Grove, Cheadle
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£850
Based on a loan of £180,000 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

Price History

-4.0% since listed
£240,000£10,000(-4.0%)
02/04/2025
Current price
£250,000Initial listing
21/02/2025

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