8 Newton Street, Macclesfield, SK11
By The Good Estate Agent
£ 400,000
Reviews
2 out of 5 stars
The Good Estate Agent says ..
A freehold plot of land with a substantial 3-storey property in need of full renovation + 15 garages & commercial workshops. Redevelopment potential. Unconditional investment enquiries welcome.
Property Oracle says ..
This property at 8 Newton Street, Macclesfield, presents a complex investment opportunity. It is a three-story terraced house with five bedrooms (though the exact layout and usable space aren’t defined due to the condition) located in Macclesfield Central, within a reasonable distance of the train station and schools. The substantial benefit is the large plot of land and 15 garages and commercial workshops offering significant redevelopment potential. However, this potential is counterbalanced by the very poor condition of the property itself. The images reveal significant disrepair both internally and externally, with considerable structural damage, indicating a substantial investment will be required for renovation, refurbishment, or demolition and rebuilding. The lack of precise details regarding square footage and plot size makes accurate valuation challenging. The property is unlikely to appeal to buyers looking for a move-in-ready home. Instead, it’s suited to developers or investors willing to undertake a significant restoration project and who can secure the necessary planning permissions, or buyers wanting to take on a full refurbishment as a renovation project. Buyers should conduct a thorough survey and obtain planning advice before making an offer. The current price needs further assessment based on the potential redevelopment plans and securing the necessary planning permissions.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 3
- Location
- 7
- Land
- 4
- Bedrooms
- 5
- Bathrooms
- 0
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Metrics Year-on-Year
- Average area value
- 236,999.00 £Decreased by 1.19 %
- Average area rental value
- 1,057.00 £/moIncreased by 6.66 %
- Est rental Yield
- 5.35 %Increased by 7.86 %
- Crime Rate
- 7.00 %Unchanged by 0.00 %
Agent Activity
The Good Estate Agent marked this listing as sold.
The Good Estate Agent created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Parkroyal Community School | Academy Converter | Good | 0.23 KM |
| The Fermain Academy | Free Schools Alternative Provision | Outstanding | 0.81 KM |
| The Macclesfield Academy | Academy Sponsor Led | Requires improvement | 0.89 KM |
| Christ The King Catholic And Church Of England Primary School | Academy Sponsor Led | 1.02 KM | |
| Macclesfield College | Further Education | Good | 1.03 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Holland Street | £ 0 | 0 | 0.00 KM |
| Saint John's Road | £ 0 | 0 | 0.00 KM |
| Castle Street | £ 0 | 0 | 0.00 KM |
| Highfield Road | £ 0 | 0 | 0.00 KM |
| Park Vale Road | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Macclesfield | 2871 | MAC | 1.07 KM |
| Prestbury | 2875 | PRB | 4.32 KM |
| Adlington (Cheshire) | 2939 | ADC | 6.94 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Newton Street, Macclesfield, Cheshire | £ 160,000 | BUY | 7 / 10 | 0.04 KM |
| Paradise Street, Macclesfield, Cheshire, SK11 | £ 165,000 | BUY | Unknown | 0.05 KM |
| Paradise Street, Macclesfield, Cheshire, SK11 | £ 158,000 | BUY | Unknown | 0.07 KM |
| Paradise Street, Macclesfield | £ 190,000 | BUY | 5 / 10 | 0.07 KM |
| Bond Street, Macclesfield | £ 209,950 | BUY | 6 / 10 | 0.07 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 47 Newton Street | £ 40,000 | 0.00 KM |
| 2 Newton Street | £ 121,000 | 0.00 KM |
| 33 Newton Street | £ 106,000 | 0.00 KM |
| 70 Newton Street | £ 200,000 | 0.00 KM |
| 27 Newton Street | £ 132,500 | 0.00 KM |