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Ridley Reservoir, Merelake Road, Alsager, Cheshire East, ST7 1UF - Image 1
Ridley Reservoir, Merelake Road, Alsager, Cheshire East, ST7 1UF - Image 2
Ridley Reservoir, Merelake Road, Alsager, Cheshire East, ST7 1UF - Image 3
Ridley Reservoir, Merelake Road, Alsager, Cheshire East, ST7 1UF - Image 4
Ridley Reservoir, Merelake Road, Alsager, Cheshire East, ST7 1UF - Image 5
Ridley Reservoir, Merelake Road, Alsager, Cheshire East, ST7 1UF - Image 6
Ridley Reservoir, Merelake Road, Alsager, Cheshire East, ST7 1UF - Image 7
Ridley Reservoir, Merelake Road, Alsager, Cheshire East, ST7 1UF - Image 8
Ridley Reservoir, Merelake Road, Alsager, Cheshire East, ST7 1UF - Image 9
Ridley Reservoir, Merelake Road, Alsager, Cheshire East, ST7 1UF - Image 10
Ridley Reservoir, Merelake Road, Alsager, Cheshire East, ST7 1UF - Image 11

Ridley Reservoir, Merelake Road, Alsager, Cheshire East, ST7 1UF

West Midlands

£300,000
Listed on 25/02/2026

Property Details

Bedrooms
4
Type
Detached house

Description

Nestled on the border of Cheshire and Staffordshire, this property represents a unique investment opportunity for buyers seeking to transform a former reservoir into a striking subterranean residence. With full planning permission already secured (18/5380C), the proposed four-level luxury home spans approximately 770 sq m / 8,300 sq ft and features plans for open-plan living areas, four en-suite bedrooms, as well as extensive leisure facilities including a cinema/media room, bar, gym, swimming pool, and more. Significant groundwork has been completed, with essential structural reinforcements in place and early excavation carried out. The site is conducive to further development phases, enabling prioritization of key living spaces while gradually finishing leisure elements. The expansive nature of this property also opens doors for alternative uses such as wellness retreats, pending proper consents. Set against a backdrop of serene countryside without immediate neighbors and excellent access for construction vehicles, this project offers a rare chance to realize a distinctive living space or investment that distinguishes itself in any portfolio.

Investment Analysis

(ST7 area)
Area Average
£248/sq ft
Avg Rent (weekly)
£195
Avg Yield
3.9%

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
58
Average per month
Market Turnover
105%
Properties sold annually

Local Market Trend (ST7)

Area prices are rising by +6.3% over the last 12 months
3 year growth: +2.4%
5 year growth: +23.7%
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, Cheshire East, ST7 1UF
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,082
Based on a loan of £225,000 over 30 years at 4.06% 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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