Well-located ground-floor apartment with parking, ideal for first-time buyers or buy-to-let investors.
• Two double bedrooms and bright lounge• 620 sq ft; traditional layout with good natural light• Side plot provides private off-street parking and storage• Leasehold with 98 years remaining; ground rent £50 pa• Sold by Modern Method of Auction — completion within 56 days• Reservation Fee 4.5% (min £6,600) plus £349 Buyer Pack fee• Medium flood risk for the area — insurance implications possible• Fast broadband, very low crime, several nearby ‘Good’ schools
A bright two-bedroom apartment occupying 620 sq ft in the heart of Cheadle, well suited to first-time buyers or investors seeking ready-to-rent accommodation. The layout is traditional with a light lounge, two double bedrooms and a generous family bathroom. Outside there's a useful side plot providing off-street parking and storage — a valuable asset in this area.
Important purchase details matter: the property is leasehold with 98 years remaining and a small ground rent of £50. It will be sold at auction via the Modern Method of Auction. Successful buyers must pay a non-refundable Reservation Fee of 4.5% (minimum £6,600) and a Buyer Information Pack fee of £349, and complete within a 56-day reservation period. Inspect with mortgage advice in place if needed.
The location is a strong selling point: fast broadband, very low local crime and access to several ‘Good’ primary and secondary schools. The wider neighbourhood is affluent and popular with multi-ethnic professionals and families, making the flat appealing for long-term rental or owner-occupation.
Buyers should note a medium flood risk for the area and that the tenure and auction process create additional costs and time pressures compared with a standard sale. The apartment is presented well but offers scope for light modernisation if desired to increase rental income or resale value.
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