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See how verdicts work2-bedroom flat · SK8 5AU
For saleListed 25 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A superb modern and spacious apartment sitting in a central Cheadle Hulme location.
Conveniently located a few hundred yards from Cheadle Hulme Train Station as well as all the village’s popular shops, restaurants and bars.
Two double bedrooms and two bathrooms centre around an open-plan living room and kitchen with a charming south-facing balcony.
In turn-key condition, this wonderful apartment also offers off-road parking and the option to buy it in full (£270,000) or a share at a price point most comfortable with your budget (currently 47% at £126,900).
The standout feature of this apartment has got to be its location.
Minutes’ walk into Cheadle Hulme village, it has everything on its doorstop from excellent transport links to convenient shops and popular restaurants and bars.
Cheadle Hulme is a busy village with links into Manchester City Centre in under 15 minutes, Stockport in under 5 minutes as well as the Peak District National Park in under 45 minutes - options very every adventure!
Prospect House is approximately 10 years old and comprises of only 11 apartments in total. Apartment 7 sits on the first floor with lift and stair access.
A well-kept communal area offers floor to ceiling windows and allows access to the apartment.
There is a spacious hallway that offers plenty of room for coats and shoes and boasts a double storage cupboard. At the top of the hallway is the open-plan living room and kitchen.
This is a dual-aspect room with double doors opening on to a charming balcony with a south-facing aspect overlooking Mellor Road - the perfect spot for people-watching whilst having your morning coffee.
The bedrooms are both doubles with the master further benefiting from a Juliette balcony and en-suite shower room. The main bathroom provides a bath with shower over, wash hand basin and WC.
Externally there is parking for one car as well as a large bike storage and communal bins.
PROPERTY MISDESCRIPTIONS ACT 1991 For clarification, Leighton Snow Agents wish to inform prospective purchasers, that we have not carried out a detailed survey, nor have we tested any of the appliances or heating system and cannot give any warranties as to their full working order.
Purchasers are advised to obtain independent specialist reports if they have any doubts. All measurements are approximate and should not be relied upon for carpets or furnishings.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Mellor Road, Prospect House, SK8
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