6, Formby Drive
6, Formby Drive
Description & Estimates
6, Formby Drive, Cheadle is recorded publicly as a mid-century freehold house across 624 ft2 of internal area, sitting on a 477 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 6, Formby Drive, Cheadle is £305,134 and its rental estimate is £1,726 per month, given the available information and assuming reasonable condition.
Formby Drive, Heald Green, Cheadle, SK8 falls within the SK8 postal district, in the borough of Stockport.
Our Data Sources
6, Formby Drive, Cheadle has a single entry in the Land Registry from November 2017 and a single entry in the EPC database dated May 2016.
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
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 6, Formby Drive, Cheadle, we estimate a market value of £320,391 and a rental value of £1,812 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £283,774 and £1,605 per month respectively.
Recent Market Change
Over the last year, 6, Formby Drive, Cheadle has seen its estimated sale value climb by £6,706 (2.2%) and its estimated rental value rise by £79 per month (4.5%). This results in an estimated gross rental yield of 6.8%.
Plot Size
HM Land Registry records the plot of land for 6, Formby Drive, Cheadle as measuring 477 m2.
That makes it the largest plot in the postcode, where 5 of the 7 other houses have recorded plot data.
Energy Efficiency
6, Formby Drive, Cheadle has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 May 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 6, Formby Drive, Cheadle completed on 21st November 2017 at £228,500 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 56.2% over the period since November 2017.
- Sold Nov 2017£228,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 6, Formby Drive, Cheadle have sold within a radius of 590 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 25th October 2024, was 46, Eastleigh Road, Cheadle, SK8 3EJ, a leasehold house which sold for £285,000.
Read more about house prices in SK8.
- Sold Oct 2024£285,000 | 3 Bed House46, Eastleigh Road, Cheadle, SK8 3EJ46, Eastleigh Road, Cheadle, SK8 3EJ
- Sold Oct 2023£275,000 | 3 Bed House80, Eastleigh Road, Cheadle, SK8 3EJ80, Eastleigh Road, Cheadle, SK8 3EJ
- Sold Aug 2019£269,950 | 3 Bed House38, Eastleigh Road, Cheadle, SK8 3EJ38, Eastleigh Road, Cheadle, SK8 3EJ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 7 addresses on Formby Drive, Heald Green, Cheadle, SK8, 6, Formby Drive, Cheadle comes out as the 6th largest and the 6th most expensive in our analysis of the public data.
It is also £108k less expensive than the average property across the SK8 district.
More reading links
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
From 6, Formby Drive, Cheadle, the nearest station is Heald Green, 500 metres away.
- 500mHeald Green
- 2.5kmStyal
- 2.6kmGatley
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
