Worst House on the Street Logo
Ridley Reservoir Merelake Road, Alsager, ST UF, Alsager - Image 1
Ridley Reservoir Merelake Road, Alsager, ST UF, Alsager - Image 2
Ridley Reservoir Merelake Road, Alsager, ST UF, Alsager - Image 3
Ridley Reservoir Merelake Road, Alsager, ST UF, Alsager - Image 4
Ridley Reservoir Merelake Road, Alsager, ST UF, Alsager - Image 5
Ridley Reservoir Merelake Road, Alsager, ST UF, Alsager - Image 6
Ridley Reservoir Merelake Road, Alsager, ST UF, Alsager - Image 7
Ridley Reservoir Merelake Road, Alsager, ST UF, Alsager - Image 8
Ridley Reservoir Merelake Road, Alsager, ST UF, Alsager - Image 9
Ridley Reservoir Merelake Road, Alsager, ST UF, Alsager - Image 10
Ridley Reservoir Merelake Road, Alsager, ST UF, Alsager - Image 11

Ridley Reservoir Merelake Road, Alsager, ST UF, Alsager

West Midlands

£235,000
Listed on 31/12/2025

Property Details

Bedrooms
4
Type
Detached house

Description

Available for online auction on January 21st, this property presents a unique investment opportunity: the conversion of the former Ridley Reservoir into a luxurious subterranean residence. With full planning permission already secured, the project allows for a creative vision to come to life over 8,300 sq ft across multiple levels. Substantial preliminary groundwork is completed, including structural reinforcement and partial excavation for leisure amenities such as a gym and swimming pool. The current plans feature an expansive open-plan living area, four en-suite bedrooms including an impressive master suite, and various leisure facilities spread over lower levels. The groundwork has been laid—literally and figuratively—ensuring clarity on structural integrity and design feasibility for prospective developers. Potential buyers can consider a phased approach to development, prioritizing the completion of essential living spaces first while later expanding into leisure areas. Additionally, flexible zoning may permit alternative usages such as wellness retreats or boutique accommodations, contingent upon necessary consents. This is a rare offering in Cheshire that combines modern architectural ambition with investment potential in a tranquil rural setting, making it an intriguing choice for innovative developers.

Investment Analysis

(ST7 area)
Area Average
£249/sq ft
Avg Rent (weekly)
£200
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£500,000 - £800,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (ST7)

Area prices are rising by +3.6% over the last 12 months
3 year growth: 1.7%
5 year growth: 22.5%
Investment Disclaimer: Analysis based on ST7 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

Ridley Reservoir Merelake Road, Alsager, ST UF, Alsager
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£861
Based on a loan of £176,250 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

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