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Chappers32

Buying In Cheadle

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http://www.andrewdawson.co.uk/search/cheadle/2-bedroom-end-of-terrace-house-for-sale-in-cheadle/full_details_gallery_adv/690966

What do you all think of this house ? I am 33 single woman I am not very savvy when it comes to property and ppl keep telling me I could get a semi in stockpprt cheaper but I don't like Stockport so much . This house right next to village cheadle and shops and five min drive from didsbury and close enough to motorway for work ( knutsford 3 days a week ) house prices seem to have gone through roof this last year ... But don't want to be ripped off ... Thoughts welcomed xx

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Hi well I pay £650 rent at the mo with £35k deposit the repayments are £720 so not too bad :)

What rate are you getting? Fixed or variable, if fixed, for how long? How long is the term of the mortgage? Is this a repayment mortgage? How much do you earn? Will you be able to pay the mortgage if rates were to rise? How about if you lost your job? How secure is your current rented home and is the rent likely to go up?

Remember that you will be paying out more in mortgage/rent to bank payments and you will also have to maintain the house. Would you be able to afford a new boiler? or repairs to the roof?

Note this looks like it is next to some railway lines. How busy are they? Would this bother you?

Just trying to highlight some of the things you need to consider, I'm sure others would be able to think of more. Buying a house is not just a big expense but a huge commitment so consider all the possible outcomes carefully and don't feel rushed.

Edit: spelling

Edited by renting til I die

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Looks like a £150K/£160K house to me.

Bridgfords couldn't sell it for £170K last year: http://www.zoopla.co.uk/property-history/2-cromer-road/cheadle/sk8-2ax/29924838

It's the less-desirable side of Cheadle but it's priced like a 2 bedroom terrace behind The Church (Lime Grove/Hall Street).

The road next to it Chorlton Drive/Warley Close is much better value for money if you don't mind town houses.

180K buys you a 3 bed semi if you go a little further from the village. See near Councillor Lane (Shakespeare Drive, St David's Road) and the other side of Roscoes roundabout (Kenilworth Rd/Park View).

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SSTC on Rightmove. :o

Looks like someone's going to be paying hefty premium (~25%) on 2008 peak.

Maybe it's the OP.

Had a look on it down the narrow roads on Streetview. Train-track just behind?

I avoid end-of-terraces simply because of this (an e-o-t would have to be super-cheap to tempt me): http://www.housepricecrash.co.uk/forum/index.php?showtopic=159925&p=3011007

If planning for a family, I'd hold position and hope a good semi comes up for around the same price. Or bung in an offer on houses like these (ok - not in Cheadle but in Cheadle Hulme), in the future, as more of them come to the market, post-MMR (and other tightening including rates ticking up).

http://www.rightmove.co.uk/property-for-sale/property-44486029.html

Edited by Venger

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Maybe it's the OP.

Had a look on it down the narrow roads on Streetview. Train-track just behind?

I avoid end-of-terraces simply because of this (an e-o-t would have to be super-cheap to tempt me): http://www.housepricecrash.co.uk/forum/index.php?showtopic=159925&p=3011007

If planning for a family, I'd hold position and hope a good semi comes up for around the same price. Or bung in an offer on houses like these (ok - not in Cheadle but in Cheadle Hulme), in the future, as more of them come to the market, post-MMR (and other tightening including rates ticking up).

http://www.rightmove.co.uk/property-for-sale/property-44486029.html

I had a similar thought after I posted, in which case I hope I wasn't too brash. I was naive as a FTB and it cost me, so just doing what I can to help others.

Still I stand by what I said, asking price seems very high too me. Hope the Zoopla link is of interest and it protects OP against the old "It's new to the market, offer quickly to secure it before somebody else does". EPC was done Aug 2017 so it's not like they've had people queuing up.
Am seeing it a lot lately actually, stuff that didn't sell back end of last year marketed again at a higher price.
This was £220K late last year, now £240K: http://www.rightmove.co.uk/property-for-sale/property-44458312.html
Will be interesting to see if they pull it off, there's so little stock it's not obvious they're kite flying.
But I digress,
The train track behind isn't too bad. I think it's a single line track, rarely used, maybe the odd (slow) Stockport Altrincham train. It's not electrified, so there is engine noise.
Parking round there is limited. Think it's just too many residents cars. The AA building is close and I think people from there park in the surrounding area, not sure if they'd go as far as Cromer I know Chorlton Drive fills up.
It backs onto Sheltered Housing, Bank St. I think it's just old people and again no trouble, but I've not been there in years so worth a closer look.
There's a path to the side of it, but is rarely used and I don't think it brings trouble.
Flood Zone 2, but it's not flooded there in memory, may still affect insurance though.

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Looks like a £150K/£160K house to me.

Bridgfords couldn't sell it for £170K last year: http://www.zoopla.co.uk/property-history/2-cromer-road/cheadle/sk8-2ax/29924838

It's the less-desirable side of Cheadle but it's priced like a 2 bedroom terrace behind The Church (Lime Grove/Hall Street).

The road next to it Chorlton Drive/Warley Close is much better value for money if you don't mind town houses.

180K buys you a 3 bed semi if you go a little further from the village. See near Councillor Lane (Shakespeare Drive, St David's Road) and the other side of Roscoes roundabout (Kenilworth Rd/Park View).

Nicely upgraded, but clearly they're trying to get that back & more in the price. Looks on the high side for me too even given the current market.

For that money you're getting into Bramhall/Cheadle Hulme territory. Quick look on rightmove has (for instance) more modern 2 beds in Bramhall/Hazel Grove borders or 3 bed semis down Councillor Lane/Adswood lane. But then I might have a different idea about what constitutes a desirable location. (proximity to Didsbury for night out not particularly high on my list, though it might be for my kids).

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I had a similar thought after I posted, in which case I hope I wasn't too brash. I was naive as a FTB and it cost me, so just doing what I can to help others.

Still I stand by what I said, asking price seems very high too me. Hope the Zoopla link is of interest and it protects OP against the old "It's new to the market, offer quickly to secure it before somebody else does". EPC was done Aug 2017 so it's not like they've had people queuing up.
Am seeing it a lot lately actually, stuff that didn't sell back end of last year marketed again at a higher price.

A similar thought... about suitability of house for future family needs? I'm brash all the time, with the intention of being helpful - tough medicine.

Look forward to seeing the effect of relisting at higher prices, reverse soon - and hopefully to the advantage of your situation.

Had to look up your situation.. from your 2013 post... :)

Homeowner since 2006 (I know). Reluctantly looking to move again because of family needs. Finally joining up as I'm likely to be spending time in the company of Estate Agents for a while and I need an antidote.

Good info re the rest of your post, re that house. I go in to Cheadle village every now and then - Alex Higgins the snooker player used to live on the road into Cheadle, in his prime Hurricane years, as I recall it being told to me (near the college/Bruntwood park) - but don't know this part of Cheadle as well as you obviously do.

I'm seeing an EPC of 07 August 2013 from the RM listing: http://www.rightmove.co.uk/property-for-sale/property-44443285.html

Bought for £133,500 in 2006: http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=42711536&sale=30225641&country=england

Edited by Venger

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A similar thought... about suitability of house for future family needs? I'm brash all the time, with the intention of being helpful - tough medicine.

Look forward to seeing the effect of relisting at higher prices, reverse soon - and hopefully to the advantage of your situation.

Had to look up your situation.. from your 2013 post... :)

Good info re the rest of your post, re that house. I go in to Cheadle village every now and then - Alex Higgins the snooker player used to live on the road into Cheadle, in his prime Hurricane years, as I recall it being told to me (near the college/Bruntwood park) - but don't know this part of Cheadle as well as you obviously do.

I'm seeing an EPC of 07 August 2013 from the RM listing: http://www.rightmove.co.uk/property-for-sale/property-44443285.html

Bought for £133,500 in 2006: http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=42711536&sale=30225641&country=england

Meant I had a similar thought to you about the OP being the buyer. Didn't want to offend her by trashing the purchase.
Made a typo on the EPC, meant 2013 not 2017 (no edit permissions yet).
Was guestimating the 25%. Figured 133.5K in 2006 = 140K in 2008, plus 25% = 175K.
I have similar memories of where Alex Higgins used to live as you do. Not even sure if his place is there anymore, there were a few big ones knocked down and replaced by several smaller ones.
I've sold out and moved now :redface: The wife and kids, HTB, loss of faith in being a saver, and few other things forced my hand. Was really uncomfortable with the decision at the time, but given the stupidity's still not ceased I'm glad I didn't wait. Suspect it won't be looking like such a great decision in a couple of years time, but the wife's happy which is priceless to me right now.
I paid 15% less than a comparable 2006, and got on the wrong side of a few estate agents so hopefully I still have some HPC credentials intact.

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"Dear God, you made many, many poor people.

I realize, of course, that it's no shame to be poor.

But it's no great honor either!

So, what would have been so terrible if I had a small fortune?"

If I were a rich man,

Ya ha Cheadle Cheadle, bubba bubba Cheadle Cheadle dum.

All day long I'd biddy biddy bum.

If I were a wealthy man.

I wouldn't have to work hard.

Ya ha Cheadle Cheadle, bubba bubba Cheadle Cheadle dum.

If I were a biddy biddy rich,

Yidle-diddle-didle-didle man.

I'd build a big tall house with rooms by the dozen,

Right in the middle of the town.

A fine tin roof with real wooden floors below.

There would be one long staircase just going up,

And one even longer coming down,

And one more leading nowhere, just for show.

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Hi all thanks for reply . I'm not planning a family . Location is pretty important to me I guess I'm single and friends live manchester work is knutsford . The property down road is on for £165 without kitchen extension and needs new kitchen and bathroom. I want something ready to move into really . My limit is £176k .. And all the semis that are nice seem to be in the £200k range ... I checked out other terraces in chorlton £250k price range and Stockport £160k range but not keen on area .....

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Hi,areas of Stockport vary considerably. The parts near to Cheadle are pretty crummy(Cheadle Heath/ Edgeley/ Adswood etc.) However for £176K, you could get a nice 3-bed semi, or even a detached, in much better areas such as Romiley, Woodley, Heaton Mersey etc. Your journey to work must be a pain, but I think there are through-trains from Stockport station which take half an hour or so.

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