2-bedroom flat · SK10 2DP
Sold STCListed 154 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within the attractive and well-maintained Summerlea development, this superb first-floor apartment presents an excellent opportunity for first-time buyers or those looking to downsize.
Offered under a successful shared ownership scheme in conjunction with a housing association, the property is available at a 25% equity share for £38,500, with a monthly rent of £486.92, inclusive of the management charge.
The apartment offers spacious and well-presented accommodation throughout, featuring a welcoming entrance hall, a bright and comfortable living room with a Juliet balcony, a fitted kitchen, two well-proportioned bedrooms, and a bathroom.
One of the standout features of the property is its pleasant outlook, with delightful views over nearby playing fields.
Externally, the property is set within beautifully maintained communal gardens and benefits from an allocated parking space with additional visitor spaces available.
Ideally located, the apartment is just a short distance from Macclesfield town centre, the railway station, and a wide range of local amenities, making it a convenient and appealing choice for a variety of buyers.
Ground Floor - Communal Entrance Hall - Security door with intercom system. Stairway to first floor. First Floor - Private Entrance Hall - Security intercom system. Storage cupboard with shelving.
Laminate flooring. Single panelled radiator. Lounge - 3.99m x 3.18m (13'1 x 10'5) - T.V. aerial point. uPVC double doors opening onto a Juliet balcony. Laminate flooring. Single panelled radiator.
Kitchen - 3.20m x 2.36m (10'6 x 7'9) - Single drainer stainless steel sink with base unit below.
An additional range of matching base and eye level units with contrasting work surfaces and tiled splashbacks. Integrated single oven with four ring gas hob. Plumbing for dishwasher.
Plumbing for automatic washing machine. Space for a fridge/freezer. Wall-mounted Worcester Bosch combination condensing boiler (installed Sept 2021 - still under guarantee). Laminate flooring.
uPVC double glazed window. Bedroom One - 3.40m x 2.92m (11'2 x 9'7) - Floor to ceiling fitted wardrobes with dressing table and matching chest of drawers. T.V. aerial point. Laminate flooring.
uPVC double glazed window. Single panelled radiator. Bedroom Two - 3.25m x 2.57m (10'8 x 8'5) - Two built-in wardrobes. Laminate flooring. uPVC double glazed window. Single panelled radiator.
Bathroom - The white suite comprises a panelled bath with electric shower and folding shower screen., a pedestal washbasin and a low suite W.C. Partially tiled walls. Extractor fan.
uPVC double glazed window. Vertical chrome heated towel rail. Outside - Gardens - Summerlea Close is set within well-maintained communal gardens.
Parking - Apartment 14 comes with an allocated parking space and there are additional visitor spaces. Tenure & Managment Charge - Leasehold - A term of 189 years from January 2001.
There is a monthly rent payable of £324.43 and monthly service charge of £162.49. Ground rent is included within this charge.
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.
Area
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FAQ
About Summerlea Close, Macclesfield
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