3, Formby Drive
3, Formby Drive
Description & Estimates
Public records show 3, Formby Drive, Cheadle to be a mid-century leasehold house with 688 ft2 of internal area, sitting on a 356 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
3, Formby Drive, Cheadle has an estimated sale value of £313,004 and an estimated rental value of £1,770 per month, assuming reasonable condition and based on the information available.
Formby Drive, Heald Green, Cheadle, SK8 lies in the borough of Stockport, within the SK8 postal district.
Our Data Sources
3, Formby Drive, Cheadle has 31 entries in the Land Registry , most recently in August 2015 and a single entry in the EPC database dated March 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 3, Formby Drive, Cheadle would be worth £328,654, with a potential rental value of £1,859 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £291,093, with a rental value of £1,647 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 3, Formby Drive, Cheadle has moved up by £6,879 (2.2%) over the last year. During the same period, its estimated monthly rental value has increased by £81 (4.5%). The property's estimated gross yield is currently 6.8%.
Plot Size
3, Formby Drive, Cheadle occupies a 356 m2 plot as recorded by HM Land Registry.
Of the 7 other houses in this postcode, 5 have recorded plot sizes, and this one ranks as the 3rd largest.
Energy Efficiency
3, Formby Drive, Cheadle has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Mar 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
3, Formby Drive, Cheadle last changed hands on 6th August 2015, selling for £200,000. The transaction was logged as a leasehold house by HM Land Registry.
In total it has sold 3 times since 1995.
The market for similar properties has risen by 82.4% since August 2015.
- Sold Aug 2015£200,000
- Sold Sep 2013£170,000
- Sold Feb 1999£79,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 610 metres of 3, Formby Drive, Cheadle across the last 2 years.
Most recently, 3, Freshfield, Cheadle, SK8 3EH, a freehold house, sold at £290,000 on the 3rd March 2025.
Read more about house prices in SK8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 3, Formby Drive, Cheadle as the 4th largest and the 4th most expensive of the 7 addresses on Formby Drive, Heald Green, Cheadle, SK8.
Against the SK8 postcode district average, it is £100k less expensive than the typical property.
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Schools Nearby
- 500mProspect Vale Primary School
- 700mEtchells Primary School
- 900mBolshaw Primary School
- 1.9kmThe Kingsway School
- 2.1kmLaurus Cheadle Hulme
- 2.4kmSt James' Catholic High School
More reading links
Public Transport Nearby
Heald Green station is the nearest stop to 3, Formby Drive, Cheadle at 500 metres away.
- 500mHeald Green
- 2.5kmStyal
- 2.6kmGatley
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
