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See how verdicts work4-bedroom bungalow · SK10 4SL
For saleListed 30 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An attractive detached four bedroom bungalow boasting a superb development opportunity in an exceptional rural location, in lovely gardens of 0.85 acres, just five minutes from Alderley Edge, also with excellent outline planning permission in place for the demolition of the existing bungalow and replacement with a substantial 3,750 sq ft new detached house.
The location is quite exceptional: private, peaceful and tranquil, tucked away on a no-through road and yet only walking distance from the Wizard Café and the wonderful network of walks and countryside within the National Trust estate around The Edge.
The bungalow sits centrally within its own attractive lawned gardens, with a stunning wooded backdrop beyond, creating an exceptionally private and natural setting.
The existing property may well be perfect as it is now, well proportioned and having had a new kitchen and bathroom in recent times.
There is also planning consent for alterations to the existing dwelling in place, which may suit a buyer more than the larger and more expensive scheme of total redevelopment.
The current owners recently secured outline planning permission for the redevelopment of the site, allowing the existing bungalow to be demolished and replaced with a high-quality detached house extending to approximately 3,750 sq ft.
The consent also provides for a new access arrangement, bringing the driveway in from the far end of the site.
This will create a particularly impressive approach to the new house, with excellent curb appeal and the opportunity to provide a generous and more level garden immediately to the rear.
The sloping nature of the site, together with the applicable permitted development rights, may offer further scope for enlargement beyond the existing planning consent, subject of course to the necessary requirements and approvals.
The benefit of having an established planning permission in place, however, provides a purchaser with considerable certainty and significantly reduces the planning risk normally associated with acquiring a development opportunity of this nature.
For a buyer looking to create a substantial and individual home in one of Cheshire's most sought-after locations, this represents a rare opportunity to acquire such a large area of land, with planning permission already secured, at a level below £1 million.
The combination of the exceptional setting, privacy, woodland backdrop, generous plot and proximity to Alderley Edge makes this an outstanding opportunity to create a bespoke family home that could be enjoyed for many years to come.
PLEASE FOLLOW THE LINKS TO THE EAST CHESHIRE PLANNING PORTAL TO VIEW THE PLANNING CONSENTS FOR BOTH AN EXTENSION PROPOSAL AND THE REPLACEMENT PROPOSAL, BOTH APPROVED.
Planning references are 24/3603M and 25/4051/OUT EPC Rating: E
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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FAQ
About Over Alderley, Macclesfield, SK10
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