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37 Redesmere Drive, Alderley Edge, Cheshire SK9 - Image 1
37 Redesmere Drive, Alderley Edge, Cheshire SK9 - Image 2
37 Redesmere Drive, Alderley Edge, Cheshire SK9 - Image 3

37 Redesmere Drive, Alderley Edge, Cheshire SK9

North West

£230,000
Listed on 20/04/2026

Property Details

Bedrooms
2
Type
Flat
Area
651 sqft

Description

This two-bedroom ground floor apartment presents an excellent opportunity for renovation enthusiasts or investors looking to add value. Located conveniently near the heart of Alderley Edge and just a five-minute stroll from the train station, this property is positioned perfectly for accessibility. The apartment includes a hallway, bathroom equipped with shower over bath, two spacious bedrooms, living area, and a kitchen with designated space for appliances. Additionally, it benefits from both a front and rear garden, along with the inclusion of a private garage. While the apartment requires comprehensive modernization throughout, this project has substantial potential to transform into a desirable home that could attract various buyers once completed. With the local area’s appeal, a well-executed renovation could significantly enhance its market value. Noteworthy is the low ground rent of £12.50 per year and an impressive remaining lease term of 966 years. This property stands out as a prime investment opportunity in a sought-after location.

Investment Analysis

(SK9 area)

Below Market Value

This property is priced -15.0% below area average per sq ft

-15.0%
Potential saving
This Property
£353/sq ft
Area Average
£415/sq ft
Avg Rent (weekly)
£380
Avg Yield
3.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£297,504
10% above area average per sq ft
Potential ROI
+6.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (SK9)

Area prices are rising by +6.1% over the last 12 months
3 year growth: +6.5%
5 year growth: +6.2%
Investment Disclaimer: Analysis based on SK9 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

37 Redesmere Drive, Alderley Edge, Cheshire SK9
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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
£815
Based on a loan of £172,500 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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