5, Formby Drive
5, Formby Drive
Description & Estimates
According to the public record, 5, Formby Drive, Cheadle is a mid-century leasehold house with 624 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 5, Formby Drive, Cheadle is £305,134 and the estimated rental value is £1,726 per month.
Formby Drive, Heald Green, Cheadle, SK8 is located in the borough of Stockport within the SK8 postal district.
Our Data Sources
5, Formby Drive, Cheadle has 31 entries in the Land Registry , most recently in July 2022 and a single entry in the EPC database dated October 2021.
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
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 5, Formby Drive, Cheadle is in very good condition we estimate a sale value of £320,391 and a rental value of £1,812 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £283,774 and a rental value of £1,605 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 5, Formby Drive, Cheadle has grown by £6,706 (2.2%), while its estimated rental value has climbed by £79 per month (4.5%). Based on current estimates, the property offers a gross rental yield of 6.8%.
Energy Efficiency
5, Formby Drive, Cheadle has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Oct 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 5, Formby Drive, Cheadle was last sold on 1st July 2022 for £317,500 and was recorded as a leasehold house.
The property has had 3 sales since 1995.
Since July 2022, the market for similar properties has risen by 12.8%.
- Sold Jul 2022£317,500
- Sold Jun 2006£168,000
- Sold Dec 2002£60,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Formby Drive, Cheadle within a radius of 600 metres over the last 2 years.
The most recent example is 46, Eastleigh Road, Cheadle, SK8 3EJ, a leasehold house which sold for £285,000 on the 25th October 2024.
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
Formby Drive, Heald Green, Cheadle, SK8 has a total of 7 addresses. According to our analysis of all the public data, 5, Formby Drive, Cheadle is the 7th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £108k less expensive than the average property in SK8.
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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
The closest station to 5, Formby Drive, Cheadle is Heald Green station, which is 500 metres away.
- 500mHeald Green
- 2.5kmStyal
- 2.6kmGatley
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
