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

West Midlands

£350,000
Listed on 14/05/2026

Property Details

Bedrooms
4
Type
Detached

Description

Situated on the Cheshire/Staffordshire border, this property represents a unique investment opportunity involving the transformation of the former Ridley Reservoir into an architecturally designed subterranean home. With full planning permission (18/5380C) secured, buyers can realize an ambitious residential project that spans approximately 770 sq m (8,300 sq ft) across four levels. The approved design features open-plan living spaces, four en-suite bedrooms, and luxurious leisure amenities including a cinema/media room, bar, gym, swimming pool, and plunge pool with associated changing facilities. Significant groundwork has already been undertaken to streamline the renovation process, including steel reinforcement, wall formation, drainage works, and partial excavation—allowing prospective buyers to start from a well-defined stage of construction rather than facing uncertainties. The contemporary design promises a balance of privacy and modern living complemented by extensive glazing and outdoor integration. Potential exists for phased development focusing first on the residential areas while deferring leisure facilities. Given its scale and distinctive potential uses beyond conventional residential living—such as wellness retreats or specialist venues—this property invites those looking for a significant project in a tranquil countryside setting away from immediate neighbors.

Investment Analysis

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

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£600,000 - £900,000
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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