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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
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Ridley Reservoir, Merelake Road, Alsager, Cheshire East, ST7 1UF - Image 11
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Ridley Reservoir, Merelake Road, Alsager, Cheshire East, ST7 1UF

West Midlands

£350,000
Listed on 07/04/2026

Property Details

Bedrooms
4
Type
Detached

Description

Nestled on the border of Cheshire and Staffordshire, this property presents a rare investment opportunity to transform the former Ridley Reservoir into an architecturally significant subterranean home. Full planning permission (18/5380C) is already secured for a remarkable four-level residence covering approximately 770 sq m (8,300 sq ft). The ambitious design includes generous open-plan living areas, four en-suite bedrooms, and a suite of leisure amenities such as a cinema/media room, bar, gym, swimming pool, and more. Significant preliminary works have been completed—these include structural reinforcements, internal wall formations, and initial excavation efforts—making this project attractive for potential buyers who seek clarity in their investment. The proposed dwelling offers an innovative blend of modern architecture with serene private living spaces. The property's size also allows for a phased construction approach, giving buyers the flexibility to prioritize essential living spaces before undertaking leisure additions. Located in a tranquil rural setting with no immediate neighbors and convenient access for builders, this property stands out as a unique chance to realize an exceptional development that could even cater to alternative uses like wellness retreats or specialized facilities with appropriate consents.

Investment Analysis

(ST7 area)
Area Average
£243/sq ft
Avg Rent (weekly)
£216
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£250,000 - £400,000
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
21%
Properties sold annually

Local Market Trend (ST7)

Area prices are rising by +8.8% over the last 12 months
3 year growth: +3.1%
5 year growth: +24.3%
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

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,240
Based on a loan of £262,500 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.

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