# 2 bedroom apartment for sale (SK9 7GL)

## Property Details

| Key | Value |
|-----|-------|
| Address | Chapel Road, Alderley Edge, SK9, SK9 7GL |
| Price | £325,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Council tax | D |
| Last sold | £242,250 |

## Description

Situated on the first floor, Apartment 4 Chorlegh Grange offers approximately 861 sq.ft. of generously proportioned accommodation, with two double bedrooms, two bathrooms and a spacious living and dining room.

The welcoming entrance hall provides access to all of the principal accommodation and benefits from two useful storage cupboards. The generous living and dining room measures over 14ft square and features a large bay window, allowing plenty of natural light into the room.

The separate fitted kitchen has an excellent range of wall and base units with integrated appliances and ample work surface space. There is also plenty of room for storage, making it a practical and well-equipped kitchen.

The principal bedroom is particularly spacious, extending to over 15ft, with an extensive range of fitted wardrobes and an en-suite shower room. The second bedroom is also a generously sized double, complemented by a separate main bathroom.

Externally, Chorlegh Grange benefits from a private car park with designated parking together with additional visitor parking bays. The communal areas have also recently been redecorated with new carpets.

Chorlegh Grange enjoys an excellent position in the centre of Alderley Edge, within easy walking distance of the village's shops, restaurants, bars and railway station, with direct links to Manchester and London.

**Important Information**

Council Tax – Cheshire East - Band D

EPC Rating – B (82/82)

Tenure – Leasehold, 105 years remaining.

Service Charge - £470 per quarter / £156 per month

Ground rent £280 per annum

Heating: Gas Fired Central Heating

Services: Mains Gas, Electric, Water & Drainage

Parking: Designated parking space and visitors bays

What 3 Words – ///guilty.bars.froth

Flood Risk*: Very low flood risk

Broadband**: Ultrafast available

Mobile Coverage**: Mobile coverage with main providers (EE, O2, Three & Vodafone) limited coverage indoors.

* Information provided by GOV.UK **Information provided by Ofcom checker. The information isn't guaranteed. Andrew J Nowell take no responsibility for inaccuracies and advise potential buyers to do their own checks before committing to purchase.

EPC Rating: B

## Property Photos

- ![Photo](/listings/photos/92541735/2202267)
- ![Photo](/listings/photos/92541735/2202268)
- ![Photo](/listings/photos/92541735/2202269)
- ![Photo](/listings/photos/92541735/2202270)
- ![Photo](/listings/photos/92541735/2202271)
- ![Photo](/listings/photos/92541735/2202272)
- ![Photo](/listings/photos/92541735/2202273)
- ![Photo](/listings/photos/92541735/2202274)

## Floorplans

- ![Floorplan](/listings/photos/92541735/2202275) - Floorplan

## EPC Graphs

- ![EPC 1](/listings/photos/92541735/2202276) - EPC 1

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| [Same street] CHORLEGH GRANGE 9 CHAPEL ROAD, ALDERLEY EDGE, CHESHIRE EAST, SK9 7GL | £297,000 | 21/01/2026 | Flat |

**Street average:** £297,000 (1 sale)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £226,942 (51 Flat, SK9, 2024–2026)
- **Deviation:** +43.2%

## Rental Range

*ONS Price Index of Private Rents (Cheshire East). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £886/mo
- **Realistic:** £984/mo
- **Optimistic:** £1,082/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for West Pennine (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £449/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, Royles Square, SK9 | £2,400/mo | 2 | 0.09 miles | OpenRent |
| 2 Bed Flat, Arderne Place, SK9 | £1,250/mo | 2 | 0.1 miles | OpenRent |

**Average rent: £1,825/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 0.56% (weak for cashflow)
- **Max investor price (0.8%):** £228,125
- **Target investor price (1%):** £182,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,825/mo).*

- **Gross yield:** 6.7%
- **Cost-to-rent:** 14.8×
- **Monthly cashflow:** £338/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 4.3%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -20.9%
- **10y growth:** -4.1%

## House Price Index (HM Land Registry)

*Official index for Cheshire East; Flats and maisonettes series; as of June 2026.*

- **1y growth (index):** 2.5%
- **5y growth (index):** 8.6%
- **10y growth (index):** 29.6%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)