3 Bed Detached House, Refurb/BRRR, Crewe, CW1 4PT, £400,000

Ash Cottage, Waldrons Lane, Crewe, CW1 4PT - 3 views - 3 years ago

Sold STC
Refurb/BRRR
Planning
ROI: 3%
~94 m²
+13 photos

ValuationOvervalued

Sold Prices£70K - £260K
Sold Prices/m²£1.2K/m² - £3.2K/m²

 

 

Square Metres

~94.10 m²
Price/m²£4.3K/m²

Value Estimate

£181,874

 

 

End Value (After Refurb)

£198,656

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£39,647

Bridging Loan Interest

£10,500

Total Cash In

£172,597

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£198,656

Mortgage (After Refinance)

£148,992

Mortgage LTV

75%

Cash Left In

£172,597

Equity

£49,664

Rent Range

£780 - £3,000

Rent Estimate

£1,269

Running Costs/mo

£895

Cashflow/mo

£374

Cashflow/yr

£4,493

ROI

3%

Gross Yield

4%

Local Sold Prices

50 sold prices from £70K to £260K, average is £165K. £1.2K/m² to £3.2K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£230K02/210.22 mi9, Warmingham Road, Crewe, Cheshire CW1 4PU3
£82K08/210.36 mi59, Stoneley Avenue, Crewe, Cheshire East CW1 4NH3
£115K10/200.36 mi20, Stoneley Avenue, Crewe, Cheshire CW1 4NH3
£153K11/210.37 mi52, Broughton Road, Crewe, Cheshire East CW1 4NT3
£163K03/210.37 mi48, Broughton Road, Crewe, Cheshire East CW1 4NT3
£118K12/200.39 mi8, Stoneley Road, Crewe, Cheshire CW1 4NG3
£147K02/230.4 mi1, Merchants Court, Crewe, Cheshire East CW1 4GB3
£130K02/230.42 mi3, Merchants Court, Crewe, Cheshire East CW1 4GB3
£120K02/210.42 mi17, Merchants Court, Crewe, Cheshire CW1 4GB3
£90K02/230.47 mi67, North Street, Crewe, Cheshire East CW1 4NJ3
£227.5K03/230.48 mi16, Sheringham Drive, Crewe, Cheshire East CW1 3XJ3
£200K01/230.5 mi29, Wareham Drive, Crewe, Cheshire East CW1 3XA3
£180K11/210.52 mi22, Bleasdale Road, Crewe, Cheshire East CW1 4PZ3
£177K04/230.52 mi15, Parkstone Drive, Crewe, Cheshire East CW1 3XP3
£185K11/200.52 mi8, Buttermere Drive, Crewe, Cheshire CW1 4QA3
£260K08/230.53 mi15, William Morrey Close, Crewe, Cheshire East CW1 4ST3
£231K01/230.55 mi2, Churchmere Drive, Crewe, Cheshire East CW1 4SN3
£140K01/210.55 mi2, Churchmere Drive, Crewe, Cheshire East CW1 4SN3
£126K12/200.55 mi61, Remer Street, Coppenhall, Crewe, Cheshire CW1 4LU3
£185K12/220.56 mi7, Sheringham Drive, Crewe, Cheshire East CW1 3XJ3
£70K01/210.57 mi14, Kempton Avenue, Coppenhall, Crewe, Cheshire CW1 3TB3
£120K12/200.58 mi6, Hawthorn Grove, Crewe, Cheshire East CW1 4HR3
£180K04/210.58 mi199, Broad Street, Crewe, Cheshire East CW1 4JJ3
£125.5K03/210.58 mi106, Mablins Lane, Crewe, Cheshire East CW1 3RG3
£117K03/210.59 mi268, Middlewich Street, Crewe, Cheshire East CW1 4DP3
£192K04/230.59 mi254, Middlewich Street, Crewe, Cheshire East CW1 4DP3
£180K02/230.59 mi256, Middlewich Street, Crewe, Cheshire East CW1 4DP3
£195K03/210.61 mi8, Harris Close, Leighton, Crewe, Cheshire CW1 4TQ3
£175K03/210.62 mi9, Newbury Avenue, Crewe, Cheshire East CW1 3TG3
£93K05/210.62 mi37, Lime Tree Avenue, Crewe, Cheshire East CW1 4HN3
£178K03/210.62 mi37, Mills Way, Leighton, Crewe, Cheshire East CW1 4TF3
£107.5K02/210.63 mi8, Lime Tree Avenue, Crewe, Cheshire East CW1 4HW3
£160K11/200.63 mi68, Greenway, Crewe, Cheshire CW1 4JN3
£190K06/230.63 mi25, Greenway, Crewe, Cheshire East CW1 4JN3
£160K01/210.63 mi38, Greenway, Crewe, Cheshire CW1 4JN3
£240K01/230.63 mi207, Middlewich Street, Crewe, Cheshire East CW1 4DN3
£155K06/210.64 mi117, Remer Street, Coppenhall, Crewe, Cheshire CW1 4LZ3
£138K11/210.64 mi125, Remer Street, Coppenhall, Crewe, Cheshire East CW1 4LZ3
£190K12/220.65 mi12, Bailey Close, Coppenhall, Crewe, Cheshire East CW1 3SY3
£130K09/210.66 mi275, Underwood Lane, Crewe, Cheshire East CW1 3SG3
£130K11/200.66 mi293, Underwood Lane, Crewe, Cheshire CW1 3SG3
£250K06/230.67 mi52, Lambourn Drive, Leighton, Crewe, Cheshire East CW1 4TW3
£187.5K10/200.67 mi10, Lambourn Drive, Leighton, Crewe, Cheshire CW1 4TW3
£167K02/210.67 mi5, Carrington Way, Crewe, Cheshire CW1 3YE3
£175K02/230.69 mi103, Kestrel Drive, Crewe, Cheshire East CW1 3YX3
£173K01/210.69 mi94, Kestrel Drive, Crewe, Cheshire East CW1 3YX3
£105.5K08/210.7 mi2, Maple Grove, Crewe, Cheshire East CW1 4DY3
£181.5K07/210.7 mi39, Kestrel Drive, Crewe, Cheshire CW1 3RY3
£185K12/220.7 mi27, Kestrel Drive, Crewe, Cheshire East CW1 3RY3
£162K06/210.7 mi14, Melrose Drive, Crewe, Cheshire CW1 3YD3

Local Rents

37 rents from £780/mo to £3K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£95007/240.49 mi-3
£89512/240.73 miThornfields, Crewe, CW13
£89512/240.74 miVerdin Court, Crewe3
£99512/240.74 miLyceum Way, Crewe3
£1,50011/230.74 mi-3
£1,15012/240.75 miMerlin Way, Coppenhall, Crewe, Cheshire, CW1 3RZ3
£87512/240.84 miSelworthy Drive, Crewe3
£1,20011/230.9 mi-3
£1,25003/250.92 mi-3
£2,50012/241.04 mi-3
£2,50012/241.04 mi-3
£2,50012/241.04 mi-3
£89512/241.06 miWestbourne Avenue, Crewe3
£89512/241.06 miWestbourne Avenue,3
£90012/241.06 mi-3
£89503/251.07 mi-3
£3,00012/241.08 mi-3
£3,00012/241.08 mi-3
£1,20012/241.09 mi-3
£1,20001/251.09 mi-3
£1,20012/241.09 miNewfield Drive, Crewe, CW13
£92512/241.11 mi-3
£90010/241.13 mi-3
£94003/251.15 mi-3
£79512/241.15 mi-3
£78001/241.16 mi-3
£78012/241.16 mi-3
£78012/241.16 mi-3
£80012/241.16 mi-3
£81503/251.19 mi-3
£89512/241.19 mi-3
£85012/241.21 mi-3
£1,10012/241.23 miChassagne Square, Crewe3
£87502/251.23 mi-3
£79512/241.23 mi-3
£90012/241.23 miRichmond Road, Crewe3
£87502/251.23 mi-3

Local Area Statistics

Population in CW1

42,160

Population in Crewe

101,534

Town centre distance

1.57 miles away

Nearest school

0.40 miles away

Nearest train station

2.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £400,000

March 24, 2022

Floor Plans

Description

AN INTERESTING OPPORTUNITY TO ACQUIRE A DETACHED COUNTRY COTTAGE WITH TREMENDOUS POTENTIAL AND SCOPE, STANDING IN GROUNDS TOTALLING 1.30 ACRES.
REQUIRING SOME UPDATING ENJOYING AN OPEN ASPECT.

A INTERESTING OPPORTUNITY TO ACQUIRE A DETACHED COUNTRY COTTAGE WITH TREMENDOUS POTENTIAL AND SCOPE, STANDING IN GROUNDS TOTALLING 1.30 ACRES.
REQUIRING SOME UPDATING ENJOYING AN OPEN ASPECT.

Summary - Entrance Hall, Sitting Room, Dining Room, Kitchen, Cloak/Bathroom, First Floor, Three Bedrooms, Bathroom. Breeze Block Garage, Precast Garage.

Directions - From Nantwich take the A530 Middlewich Road and continue along here to Leighton Hospital. Turn right into Smithy Lane, proceed over the mini roundabout onto Bradfield Road, At the traffic lights, turn left into Parkers Road, continue past the Eight Farmers Public house, over the railway bridge, past Broughton Road and the next turning on the right into Waldron's Lane and the property is situated 100 yards on the right hand side.

Location And Amenities - This is a popular semi rural locality in the confines of Crewe. The property occupies a central position within the grounds and has an open aspect to the front and rear. Within the hamlet there is the White Lion public house and day to day facilities available in Parkers Road, including the Co Operative store and Bargain Booze. There is primary education on Mablins Lane.
Crewe town centre is approximately 1.5 miles and contains a wide variety of business opportunities and a fast intercity railway network (London Euston 90 minutes, Manchester 40 minutes).

Description - The property is of brick construction with rendered elevations all under a tiled roof. It has been in the same family for a number of years and has been maintained but would not benefit from further programme of renovation/modernisation. Any purchaser will be drawn to the extensive gardens to the rear and size/ orchard area extending to 0.5 of an acre with the additional fenced paddock to the right which is approximately 0.72 of an acre and therefore offers ample opportunity for people with small stock keeping or equestrian interests.

The Accommodation Comprises -

Sitting Room - 3.96m x 3.66m (13'0" x 12'0") - Tiled/wooden fireplace, double glazed window to front, French door to side, TV point, two wall light points

Dining Room - 3.96m x 2.44m (13'0" x 8'0") - Stone feature fireplace, two double glazed windows

Kitchen - 3.40m x 3.05m (11'2" x 10'0") - A range of oak style units, work surfaces, sink unit, storage and wall cupboards, electric hob unit, Siemens oven, built in microwave, plumbing for washing machine, views to the rear through double glazed window, double glazed personal door to rear.

Cloak/Bathroom - Panelled bath with shower over, pedestal wash basin, low level WC, part tiled walls, heated towel rail, tiled floor, double glazed window.

Inner Hall With Stairs To First Floor Accommodatio - Electric radiator

Bedroom - 3.66m x 3.02m (12'0" x 9'11" ) - Fitted wardrobe, double glazed window.

Bedroom (Front) - 3.86m x 2.44m (12'8" x 8'0") - Access to loft, double glazed window.

Bedroom (Rear) - 3.86m x 3.35m (12'8" x 11'0") - Two fitted wardrobes with cupboards above, built in cupboard, double glazed window.

Bathroom - 4.39m x 1.22m (14'5" x 4'0") - Vanity wash basin, enclosed WC, built in storage cupboards, 12000mm shower cubicle with power unit, Xpelair, heated towel rail, double glazed window, tiled floor

Outside - Ample turning and parking area.
Breeze Block GARAGE 24'9" x 19'4"
Precast GARAGE 22'0" x 10'0"

Gardens And Paddock - See enclosed plan.
To the rear of the property there is a lawned area, to the side there is an orchard area being hedge lined. all in excess of 0.5 acres.
In a Westerly direction there is a fully enclosed grazing paddock which is 0.7 of an acre.

Redevelopment Clause - The vendor wishes to reserve on the whole within the contract of sale, an appropriate development uplift clause of 50% for a period of 30 years based on the any separate residential planning permissions being granted in the future.

Services - Mains water and electricity. Septic Tank drainage.
N.B. Tests have not been made of electrical, water, gas, drainage and heating systems and associated appliances, nor confirmation obtained from the statutory bodies of the presence of these services. The information given should therefore be verified prior to a legal commitment to purchase.

Tenure - FREEHOLD

Viewing -

Agent Details

Baker Wynne & Wilson, Nantwich

01270 433241

Next Steps?

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