2-bedroom detached house · SK8 3NT
Listing removedListed 456 days
Opportunity summary
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About
FOR SALE UNDER AUCTION CONDITIONS - CASH BUYERS ONLY. Please see end of brochure for further details. A Two Bedroom Detached Bungalow for total renovation. (Potential Redevelopment Site).
This is a rare opportunity for someone to acquire a "project". The property stands on a site of 694 sq.yds (see site plan attached).
The bungalow comprises: Entrance Porch, Lounge, Inner Hallway to Kitchen, Utility Room, Two Bedrooms, Bathroom/WC and attached brick garage.
The gardens require landscaping as well as total renovation of the property. A buyer should consider demolition and rebuild so as to claim back the VAT.
The property lies close to local facilities plus transport. We must point out that this property is NOT mortgageable so only cash buyers will be considered.
SPECIAL NOTE: UNDER NO CIRCUMSTANCES ARE ANY CHILDREN ALLOWED IN THE PROPERTY AND ALL INTERESTED PARTIES ENTER THE PROPERTY AT THEIR OWN RISK. YOU MUST KEEP TO THE WALKWAYS LAID.
ONLY ONE PERSON AT ANY ONE TIME.
Ent Porch - Living Room - 4.24m x 3.33m (13'11 x 10'11) - Kitchen - 2.74m x 2.31m (9' x 7'7) - Bedroom One - 3.66m x 3.38m (12'0 x 11'1) - Bedroom Two - 3.66m x 2.46m (12' x 8'1) - Utility - 2.77m x 1.85m (9'1 x 6'1) - Exernal - Private Garden to the rear Attached Garage - Auction Conditions Of Sale - Please note this will NOT go into a room.
Upon acceptance of offer - immediate exchange with a 10% deposit and completion within 28 days. Buyer responsible for the following: A contribution of £134.50 towards searches.
A contribution of £100 plus VAT as engrossment fee. A contribution of £1250 plus VAT towards the vendor's legal costs A Buyer's premium of £650 plus VAT.
Value & comps
No previous sales on record.
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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 starting price
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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
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FAQ
About Shirley Avenue, Heald Green, Cheadle
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