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Cross Street, Macclesfield, Cheshire, SK11

North West

£220,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Flat
Area
1573 sqft

Description

This property presents a compelling opportunity for investors, consisting of three one-bedroom apartments located in a town with strong rental demand. The units, located at Cross Street and Old Mill Lane, currently generate a total rental income of £1,885 per month with tenants already in place. These properties benefit from EPC ratings of 'C' and fall under council tax band 'A', which enhances their attractiveness to future renters. Situated within walking distance to the local town center, these apartments have provided consistent returns for the current owner, who is now ready to pass on a reliable investment. Macclesfield’s appealing rental market is bolstered by major employers including Astra Zeneca and recent healthcare investments. With proximity to excellent transport links to Manchester and London, this area offers significant potential for future growth. Although the interiors are currently tenanted, it is recommended that prospective buyers conduct an internal inspection to assess the condition and consider any necessary updates or renovations. Given the current state of the apartments, there’s room for enhancing value through redecoration or modernization. This makes it an appealing prospect for those looking to invest in a property with solid foundations in a thriving location.

Investment Analysis

(SK11 area)

Below Market Value

This property is priced -53.6% below area average per sq ft

-53.6%
Potential saving
This Property
£140/sq ft
Area Average
£302/sq ft
Avg Rent (weekly)
£238
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£521,685
10% above area average per sq ft
Potential ROI
+108.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
51
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (SK11)

Area prices are stable by +1.4% over the last 12 months
3 year growth: 15.3%
5 year growth: 15.2%
Investment Disclaimer: Analysis based on SK11 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

Cross Street, Macclesfield, Cheshire, SK11
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£806
Based on a loan of £165,000 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE