3 Bed Semi-Detached House, Refurb/BRRR, Nantwich, CW5 7HT, £225,000

21 Eastern Road, Willaston, Nantwich, CW5 7HT - a year ago

Sold STC
Refurb/BRRR
~112 m²
+13 photos

ValuationUndervalued

Sold Prices£160K - £482.5K
Sold Prices/m²£1.5K/m² - £6K/m²

 

 

Square Metres

~112.10 m²
Price/m²£2K/m²

Value Estimate

£231,750
BMV3%

 

 

End Value (After Refurb)

£286,548

Uplift in Value

+27%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£14,450

Refurb Costs

£45,663

Bridging Loan Interest

£5,906

Total Cash In

£124,019

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£286,548

Mortgage (After Refinance)

£214,911

Mortgage LTV

75%

Cash Released

£46,161

Cash Left In

£77,858

Equity

£71,637

Rent Range

£900 - £1,200

Rent Estimate

£1,033

Running Costs/mo

£1,122

Cashflow/mo

£-89

Cashflow/yr

£-1,069

Gross Yield

6%

Local Sold Prices

50 sold prices from £160K to £482.5K, average is £242.5K. £1.5K/m² to £6K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£260K08/210.18 mi16, Circle Avenue, Willaston, Nantwich, Cheshire CW5 7HX3
£363K06/210.19 mi13, Oak Bank Close, Willaston, Nantwich, Cheshire East CW5 7JA3
£233.5K05/230.27 mi33, Wistaston Road, Willaston, Nantwich, Cheshire East CW5 6PU3
£162.5K12/200.27 mi35, Wistaston Road, Willaston, Nantwich, Cheshire East CW5 6PU3
£247K06/230.28 mi7, Park Road, Willaston, Nantwich, Cheshire East CW5 6PW3
£223K09/210.29 mi4, Park Mills Close, Willaston, Nantwich, Cheshire CW5 6RQ3
£197K06/210.29 mi6, Park Mills Close, Willaston, Nantwich, Cheshire CW5 6RQ3
£235K02/210.32 mi44, Moorfields, Willaston, Nantwich, Cheshire East CW5 6QY3
£263.7K04/210.35 mi8, Coppice Road, Willaston, Nantwich, Cheshire East CW5 6QA3
£300K10/200.35 miPark View, Coppice Road, Willaston, Nantwich, Cheshire East CW5 6QA3
£240K03/210.36 mi57, Moorfields, Willaston, Nantwich, Cheshire East CW5 6QZ3
£263K06/210.36 mi71, Moorfields, Willaston, Nantwich, Cheshire CW5 6QZ3
£227.5K05/210.4 mi132, Wistaston Road, Willaston, Nantwich, Cheshire East CW5 6QU3
£265K03/230.42 mi14, Beech Tree Close, Willaston, Nantwich, Cheshire East CW5 6PR3
£240K03/230.42 mi27, Murrayfield Drive, Willaston, Nantwich, Cheshire East CW5 6QF3
£160K12/200.43 mi40, Victoria Mill Drive, Willaston, Nantwich, Cheshire CW5 6RR3
£182K03/210.43 mi24, Victoria Mill Drive, Willaston, Nantwich, Cheshire CW5 6RR3
£205K07/230.43 mi25, Victoria Mill Drive, Willaston, Nantwich, Cheshire East CW5 6RR3
£160K05/210.43 mi44, Victoria Mill Drive, Willaston, Nantwich, Cheshire CW5 6RR3
£475K02/210.45 mi6, The Paddock, Willaston, Nantwich, Cheshire CW5 7HJ3
£328K08/210.45 mi68, Cheerbrook Road, Willaston, Nantwich, Cheshire CW5 7EN3
£265K12/200.47 mi3, Murrayfield Drive, Willaston, Nantwich, Cheshire East CW5 6QE3
£256K04/210.51 mi8, Derwent Close, Willaston, Nantwich, Cheshire CW5 6QQ3
£482.5K01/230.54 mi160, Wistaston Road, Willaston, Nantwich, Cheshire East CW5 6QT3
£350K12/200.58 mi407, Crewe Road, Wistaston, Nantwich, Cheshire East CW5 6NW3
£350K12/200.58 mi407, Crewe Road, Wistaston, Nantwich, Cheshire East CW5 6NW3
£270K12/200.58 mi317, Crewe Road, Willaston, Nantwich, Cheshire East CW5 6NP3
£179.5K12/200.76 mi467, Crewe Road, Wistaston, Crewe, Cheshire East CW2 6QU3
£251K03/210.79 mi53, Colleys Lane, Willaston, Nantwich, Cheshire CW5 6NS3
£280K02/210.79 mi32, Springfield Drive, Crewe, Cheshire CW2 6RA3
£230K11/200.79 mi138, Sandylands Park, Wistaston, Crewe, Cheshire East CW2 8HE3
£203K03/240.79 mi112, Sandylands Park, Wistaston, Crewe, Cheshire East CW2 8HE3
£227.5K08/230.83 mi11, Main Road, Shavington, Crewe, Cheshire East CW2 5DY3
£370K06/210.84 mi418, Crewe Road, Wistaston, Crewe, Cheshire CW2 6QN3
£195K01/210.87 mi41, Lordsmill Road, Shavington, Crewe, Cheshire CW2 5HB3
£160K01/240.87 mi33, Lords Mill Road, Shavington, Crewe, Cheshire East CW2 5HB3
£245K06/230.88 mi5, Salander Crescent, Wistaston, Crewe, Cheshire East CW2 6SA3
£199K02/210.88 mi2, Montrose Close, Shavington, Crewe, Cheshire CW2 5HT3
£172K02/230.9 mi27, Knights Way, Shavington, Crewe, Cheshire East CW2 5HU3
£255K08/230.9 mi30, Knights Way, Shavington, Crewe, Cheshire East CW2 5HU3
£165K07/210.91 mi91, Greenfields Avenue, Shavington, Crewe, Cheshire CW2 5HE3
£185K03/230.92 mi3, Church View Walk, Wistaston, Crewe, Cheshire East CW2 8HQ3
£280K12/210.94 mi13, Brookland Avenue, Crewe, Cheshire East CW2 8EJ3
£300K06/210.94 mi14a, Brookland Avenue, Crewe, Cheshire East CW2 8EJ3
£295K09/230.94 mi11, Brookland Avenue, Wistaston, Crewe, Cheshire East CW2 8EJ3
£290K07/230.94 mi12, Brookland Avenue, Wistaston, Crewe, Cheshire East CW2 8EJ3
£210K12/200.94 mi15, Sandringham Drive, Wistaston, Crewe, Cheshire CW2 8HZ3
£395K03/210.94 mi383a, Newcastle Road, Shavington, Crewe, Cheshire CW2 5EA3
£190K12/200.94 mi302, Newcastle Road, Shavington, Crewe, Cheshire CW2 5EA3
£210K02/230.94 mi328, Newcastle Road, Shavington, Crewe, Cheshire East CW2 5EA3

Local Rents

12 rents from £900/mo to £1.2K/mo, average is £998/mo.

RentDateDistanceAddressBeds 
£1,15012/240.35 miCoppice Road3
£99512/240.81 miRope Lane, Wistaston, Crewe, Cheshire, CW23
£1,00002/250.87 mi-3
£1,20012/240.88 miArmitage Close, Wistaston, Crewe, CW2 8FZ3
£1,15012/240.89 miArmitage Close, Wistaston, Crewe, CW2 8FZ3
£92512/240.95 mi-3
£97512/241.03 mi-3
£97512/241.03 miGreenfields Avenue, Nantwich, CW23
£1,15012/241.05 mi-3
£90012/241.1 miLear Drive, Wistaston, CW23
£97512/241.11 miTamwell Road, Shavington, Crewe, Cheshire, CW23
£1,00012/241.2 miComberbach Drive, Nantwich3

Local Area Statistics

Population in CW5

29,323

Town centre distance

1.83 miles away

Nearest school

0.60 miles away

Nearest train station

1.87 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £225,000

September 25, 2024

Listed for £250,000

January 2, 2024

Floor Plans

Description

AT ATTRACTIVE AND PARTICULARLY SPACIOUS EDWARDIAN SEMI DETACHED HOUSE REQUIRING SOME MODERNISATION, WITH PLENTY OF OFF ROAD PARKING AND A 60FT REAR GARDEN, 200 YARDS FROM WILLASTON VILLAGE CENTRE.

AT ATTRACTIVE AND PARTICULARLY SPACIOUS EDWARDIAN SEMI DETACHED HOUSE REQUIRING SOME MODERNISATION, WITH PLENTY OF OFF ROAD PARKING AND A 60FT REAR GARDEN, 200 YARDS FROM WILLASTON VILLAGE CENTRE.

Summary - Entrance Porch, Entrance Hall, Living Room open to Dining Room, Kitchen/Breakfast Room, Landing, Three Bedrooms, Bathroom, Loft Room, Gas Central Heating, uPVC Double Glazed Windows, Shared Vehicular Access to side, Car Parking Space, Gardens.

Description - Ferndale was probably built in around 1910 of brick under a tiled roof and is fronted by a concrete car parking area. The house was extended and modernised by the current owner in the 1980's. Homes of this age naturally combine period details and quality of build and this is no exception. The house now needs some modernisation and updating and offers enormous potential to be developed and enhanced. There is a lovely flow of accommodation with two reception rooms, a large kitchen/breakfast room, three double bedrooms and a loft room.

Location & Amenities - The property is located in an established residential area, 200 yards from Willaston village centre. Willaston has always proved to be a popular place to live as it offers a wide selection of local amenities including primary school, nursery, local shops, a selection of public houses, a village hall with an active social callender and community groups, plus a church and mini supermarket. Cheerbrook Farm shop is close by and provides a farm shop, cafe and butchers. The historic market town of Nantwich is a short travelling distance away, approximately two miles and is renowned for its beautiful architecture and character. The town offers an excellent selection of individual independent shops, eateries, restaurants and bars but also provides more extensive facilities including renowned primary and secondary schools and three major supermarkets. The property is considered ideally placed for the commuter, with a network of excellent road links giving it immediate access to the M6 motorway at junction 16 via the A500 (7 miles), Crewe Station 2.5 miles, offers fast access into London and other major cities.

Directions - From our office in Pepper Street, turn right onto Beam Street, straight on into Millstone Lane and at the first roundabout, take the second exit towards Churches Mansion, then take the first exit onto London Road/B074 at the second roundabout. Continue to follow the B074 onto Newcastle Road/A51. At the roundabout, take the second exit onto Cheerbrook Road, continue to the end of the road, turn left onto Wybunbury Road, and right just before the level crossing, left onto Eastern Road. The property is located on the left hand side.

Accommodation - With approximate measurements comprises:

Entrance Porch - Composite entrance door.

Entrance Hall - Wood laminate floor, picture rail, radiator.

Living Room Open To Dining Room - 6.91m plus bay x 3.53m overall (22'8" plus bay x 1 -

Living Room - 3.73m into bay x 3.43m (12'3" into bay x 11'3") - Open fireplace with cast grate and inset, pine surround, double glazed bay window, picture rail, ceiling cornices, wood laminate floor, radiator.

Dining Room - 3.51m x 3.51m (11'6" x 11'6") - Wood laminate floor, picture rail, understairs store, radiator.

Kitchen/Breakfast Room - 6.10m x 2.77m (20'0" x 9'1") - Stainless steel one and half bowl single drainer sink unit, cupboard under, floor standing cupboard and drawer units with worktops, wall cupboards, pantry cupboard, plumbing for washing machine, composite door to rear, two double glazed windows, tiled floor, radiator.

Stairs From Entrance Hall To First Floor Landing - Access to loft. Steps to Loft Room.

Loft Room - 4.27m x 2.64m (14'0" x 8'8") - Double glazed roof light, wood laminate floor, built in cupboards and drawers, radiator.

Bedroom No. 1 - 4.57m x 3.20m (15'0" x 10'6") - Fireplace, two double glazed windows, radiator.

Bedroom No. 2 - 4.47m x 2.77m (14'8" x 9'1") - Two double glazed windows, radiator.

Bedroom No. 3 - 3.53m x 2.69m (11'7" x 8'10") - Wood laminate floor, cupboard housing Worcester gas fired central heating boiler, radiator.

Bathroom - 1.68m x 1.68m (5'6" x 5'6") - Fully tiled walls, white suite comprising panel bath with Triton shower over, pedestal wash basin and low flush W/C, radiator.

Outside - Shared vehicular access to the side. Car parking space. Outside tap.

Gardens - The rear garden extends to about 60 feet and is lawned with shrubs.

Services - All mains services are connected to the property.
N.B. Tests have not been made of electrical, water, 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.

Council Tax - Band C.

Viewing - By appointment with Baker Wynne and Wilson
Tel:
E81

Agent Details

Baker Wynne & Wilson, Nantwich

01270 433241

Next Steps?

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