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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 - Image 12
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Ridley Reservoir, Merelake Road, Alsager, Cheshire East, ST7 1UF

West Midlands

£350,000
Listed on 01/05/2026

Property Details

Bedrooms
4
Type
Detached

Description

Positioned along the Cheshire/Staffordshire border, this property presents a unique investment opportunity for those looking to create a distinctive subterranean residence from the former Ridley Reservoir. With full planning permission already approved (18/5380C), the project envisions an expansive four-level luxury home with approximately 770 sq m (8,300 sq ft) of living space. The proposed design includes four en-suite bedrooms and a comprehensive suite of leisure amenities such as a cinema/media room, bar areas, gym facilities, and both a swimming and plunge pool, making it ideal for those interested in high-end residential development. Significant groundwork has already taken place—structural reinforcements like steel RSJs are installed, window and door openings have been formed, partial excavation is completed, and essential waterproofing measures are initiated. This progress not only mitigates much of the uncertainty associated with such extensive renovations but also allows new owners to focus on the aesthetic and functional aspects of their dream home. Given its expansive layout and contemporary architectural appeal—featuring full-height glazing and potential indoor/outdoor flow—the residence offers remarkable flexibility in terms of construction. A phased approach could be adopted, prioritizing core living spaces before advancing to leisure elements, according to financing options. Though currently designated as a private dwelling (Use Class C3), the scale and character of this property might attract interest for alternative uses such as wellness retreats or niche businesses, pending necessary consents. Set against picturesque countryside without immediate neighbours while ensuring accessible construction routes makes this acquisition not just a home but also a potential landmark investment venture.

Investment Analysis

(ST7 area)
Area Average
£245/sq ft
Avg Rent (weekly)
£211
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£700,000 - £1,000,000
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 +6.7% over the last 12 months
3 year growth: +2.5%
5 year growth: +22.6%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,249
Based on a loan of £262,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

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