Worst House on the Street Logo
Alma Mill, 31 Crompton Road, Macclesfield, SK11 8DS - Image 1
Alma Mill, 31 Crompton Road, Macclesfield, SK11 8DS - Image 2
Alma Mill, 31 Crompton Road, Macclesfield, SK11 8DS - Image 3
Alma Mill, 31 Crompton Road, Macclesfield, SK11 8DS - Image 4
Alma Mill, 31 Crompton Road, Macclesfield, SK11 8DS - Image 5
Alma Mill, 31 Crompton Road, Macclesfield, SK11 8DS - Image 6
Alma Mill, 31 Crompton Road, Macclesfield, SK11 8DS - Image 7
Alma Mill, 31 Crompton Road, Macclesfield, SK11 8DS - Image 8
Alma Mill, 31 Crompton Road, Macclesfield, SK11 8DS - Image 9
Alma Mill, 31 Crompton Road, Macclesfield, SK11 8DS - Image 10
Alma Mill, 31 Crompton Road, Macclesfield, SK11 8DS - Image 11

Alma Mill, 31 Crompton Road, Macclesfield, SK11 8DS

North West

£550,000
Listed on 04/05/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

Alma Mill is a five-storey Grade II Listed building, originally designated on October 28, 1994. While it does not lie within a conservation area, its proximity to the Christ Church Conservation Area enhances its appeal. The structure features robust load-bearing masonry walls and internal cast iron columns, indicative of its industrial heritage. The slate-covered dual-pitched roof adds character, providing significant potential for restoration and modernization. Currently vacant, the property has received planning consent for an exciting transformation into 24 self-contained apartments, complete with associated car parking. This presents a valuable investment opportunity in a region that is undergoing revitalization. Detailed planning documents are available for review, including structural reports and design statements that outline the development’s feasibility and design intent. Located on Crompton Street, Alma Mill benefits from its close proximity to the heart of Macclesfield town centre and easy access to major routes like the A523 The Silk Road. Key local employers such as AstraZeneca (a five-minute drive away) and Macclesfield Hospital (just a five-minute walk) contribute to the area's economic vitality, while Macclesfield train station lies less than 1.5 miles away. The property comes with various rateable values across its different levels, making it an attractive option for both investors seeking rental income and developers looking at long-term capital growth in a well-connected location. With freehold and leasehold options available under separate titles, Alma Mill offers flexible ownership possibilities. This unique property not only holds historical significance but also presents an exceptional chance to contribute to the housing supply in an evolving market. Its approved plans pave the way for substantial improvement that can cater to modern living standards in a thriving community.

Investment Analysis

(SK11 area)
Area Average
£302/sq ft
Avg Rent (weekly)
£238
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£1,500,000 - £2,500,000
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

Alma Mill, 31 Crompton Road, Macclesfield, SK11 8DS
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,015
Based on a loan of £412,500 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