5 Bed Detached House, Refurb/BRRR, Nantwich, CW5 6JN, £995,000

Thornton House & Thornton Cottage, Crewe Road, Nantwich, CW5 6JN - 10 months ago

Refurb/BRRR
~328 m²
+37 photos

ValuationOvervalued

Sold Prices£321K - £822K
Sold Prices/m²£1.9K/m² - £6.8K/m²

 

 

Square Metres

~327.95 m²
Price/m²£3K/m²

Value Estimate

£745,424

 

 

End Value (After Refurb)

£917,771

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£248,750

Stamp Duty & Legal Fees

£71,800

Refurb Costs

£133,587

Bridging Loan Interest

£26,119

Total Cash In

£482,006

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£917,771

Mortgage (After Refinance)

£688,328

Mortgage LTV

75%

Cash Left In

£482,006

Equity

£229,443

Rent Range

£940 - £2,750

Rent Estimate

£1,234

Running Costs/mo

£3,135

Cashflow/mo

£-1,901

Cashflow/yr

£-22,810

Gross Yield

1%

Local Sold Prices

20 sold prices from £321K to £822K, average is £464K. £1.9K/m² to £6.8K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£690K03/230.19 mi21, Mount Drive, Nantwich, Cheshire East CW5 6JG5
£440K03/210.21 mi42, Birchin Lane, Nantwich, Cheshire CW5 6JY5
£347K11/200.36 mi56, Clonners Field, Stapeley, Nantwich, Cheshire CW5 7GP5
£480K12/220.39 mi9, Chadwicke Close, Stapeley, Nantwich, Cheshire East CW5 7NF5
£321K04/210.43 mi25, Comberbach Drive, Nantwich, Cheshire CW5 7GS5
£400K06/210.49 miBridgemere House, London Road, Stapeley, Nantwich, Cheshire East CW5 7JL5
£380K03/210.49 mi34b, London Road, Stapeley, Nantwich, Cheshire CW5 7JL5
£425K01/230.51 mi5, Talbot Way, Nantwich, Cheshire East CW5 7RR5
£410K08/210.52 mi17, Talbot Way, Nantwich, Cheshire CW5 7RR5
£435K06/210.52 mi3, Thomas Avenue, Nantwich, Cheshire East CW5 7RP5
£525K11/200.53 mi8, Hodgkin Close, Nantwich, Cheshire CW5 7GJ5
£470K03/210.53 mi3, Hodgkin Close, Nantwich, Cheshire CW5 7GJ5
£463K03/210.59 mi6, Willow Court, Nantwich, Cheshire CW5 6HW5
£600K03/230.59 mi20, Haydn Jones Drive, Nantwich, Cheshire East CW5 7GQ5
£465K04/210.59 mi22, Haydn Jones Drive, Nantwich, Cheshire CW5 7GQ5
£432.5K11/200.63 mi4, Chater Drive, Nantwich, Cheshire CW5 7GH5
£605K12/220.7 mi2, Middlewich Road, Nantwich, Cheshire East CW5 6HL5
£822K03/210.72 mi20, Barker Street, Nantwich, Cheshire CW5 5TE5
£518K09/210.92 mi24a, Cheerbrook Road, Willaston, Nantwich, Cheshire CW5 7EN5
£660K09/210.96 mi9, The Paddock, Willaston, Nantwich, Cheshire East CW5 7HJ5

Local Rents

19 rents from £940/mo to £2.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,30012/240.25 miLondon Road, Nantwich4
£1,15012/240.32 miSmithers close4
£95012/240.35 miBirchwood Drive, Nantwich3
£94012/240.36 mi-3
£1,17502/250.36 mi-3
£1,00012/240.43 miComberbach Drive, Nantwich3
£2,75012/240.44 mi-3
£1,29512/240.44 mi-4
£1,20012/240.47 miMaisterson Court, Nantwich, Cheshire, CW53
£99512/240.48 miNantwich, Cheshire, CW53
£1,10012/240.48 miChurches Court, Nantwich3
£1,20012/240.5 miPratchitts Row, Nantwich3
£1,00012/240.51 miTalbot Way, Nantwich3
£1,35002/250.51 mi-4
£1,80012/240.52 miTalbot Way4
£1,00012/240.53 miHaydn Jones Drive, Nantwich3
£99512/240.53 miHaydn Jones Drive, Stapeley, Nantwich3
£95012/240.6 miHaydn Jones Drive, Nantwich3
£1,20002/250.62 mi-3

Local Area Statistics

Population in CW5

29,323

Town centre distance

0.53 miles away

Nearest school

0.50 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £995,000

May 31, 2024

Floor Plans

Description

AN IMPOSING DETACHED EXECUTIVE FAMILY HOME IN A WELL ESTABLISHED SOUGHT AFTER RESIDENTIAL LOCALITY. A WEALTH OF CHARM AND CHARACTER THROUGHOUT WITH QUALITY FIXTURES AND FITTINGS WITH A SELF CONTAINED ONE BEDROOM ANNEXE TOWARDS THE REAR.
GAS FIRED CENTRAL HEATING, UPVC DOUBLE GLAZING.

AN IMPOSING DETACHED EXECUTIVE FAMILY HOME IN A WELL ESTABLISHED SOUGHT AFTER RESIDENTIAL LOCALITY. A WEALTH OF CHARM AND CHARACTER THROUGHOUT WITH QUALITY FIXTURES AND FITTINGS WITH A SELF CONTAINED ONE BEDROOM ANNEXE TOWARDS THE REAR.
GAS FIRED CENTRAL HEATING, UPVC DOUBLE GLAZING.

Summary - Enclosed Entrance Porch, Entrance Hall, Two Spacious Reception Rooms, Cloakroom, Kitchen/Dining/Family Room, Utility Room, First Floor: Master Bedroom with Ensuite Facilities and Three further Double Bedrooms, Family Bathroom. Second Staircase leads to a further Hobby/Bedroom with Cloakroom Facilities. Attached Garage.

Annexe towards the rear comprises of Lounge, Dining/Kitchen, Bedroom, Bathroom. It has a self contained access.

Directions - From our Nantwich office, proceed along Beam Street past the bus station, at the traffic lights turn right in to Millstone Lane, at the roundabout take the first exit on to Crewe Road, proceed along here past Mount Drive and the property is situated on the left hand side, almost opposite Stanley Boughey Place.

Location & Amenities - Crewe Road has always proven to be a most sought after residential locality containing a wide variety of executive style family homes approximately one mile from the historic market town of Nantwich which offers a superb range of shopping and social facilities. Nantwich is a charming market town set beside the River Weaver with a rich history, wide range of specialty shops and four supermarkets.

There are many primary schools in the area with two secondary schools/6th Forms, Brine Leas High School/BL6 Sixth Form and Malbank High School/Sixth Form College. Crewe with its fast intercity rail network (London Euston 90 minutes, Manchester 40 minutes) is 4 miles. The M6 motorway (junction 16) is 8 miles.

Description - Thornton House is an individually detached property constructed of brick with part rendered elevations under a slate roof. The house retains a wealth of original charm such as the parquet wood block flooring, stripped internal doors, picture rails, ceiling cornices and exposed beam ceilings. Over the past 30 years, the present vendor has undertaken some major improvements and renovation works particularly in the kitchen area with its breakfast area/sitting room, bathrooms and the creation of an Annexe towards the rear that comprises reception room, bedroom, dining/kitchen and bathroom/shower room with its own access. This is a superb opportunity for intergenerational living or could be an opportunity for a further income if so desired for a rental such as an Airbnb.

An internal inspection reveals two main reception rooms located towards the front with the principle one enjoying a duel aspect of the Westerly facing rear garden views. The kitchen takes full advantage of this with a sitting room overlooking the various patio areas, the ornamental pond, outside fireplace and large awning and established private garden and grounds offering the ideal seclusion.

Accommodation - With approximate measurements comprises:

Enclosed Entrance Porch - With oak door, Minton tiled floors, leading to the entrance hall.

Entrance Hall - 5.00m x 2.67m (16'5" x 8'9") - With parquet block flooring, period radiator, exposed beamed ceiling.

Cloakroom - 1.45m x 1.04m (4'9" x 3'5") - With hand basin and low level W/C, tiled walls.

Drawing Room - 7.29m x 4.24m (23'11" x 13'11") - Minster style fireplace housing gas coal effect fire, wood block flooring, large double glazed bay window with leaded lights, picture rail, exposed beams, TV point, radiator, three period style radiators, side double glazed French door opening to the garden.

Reception Room (Front) - 4.88m x 3.63m (16'0" x 11'11") - Three double glazed windows, parquet wood block flooring, display alcove, picture rail, exposed beams.

Kitchen/Breakfast/Family Room - 9.68m x 4.60m (31'9" x 15'1") - With a central island, granite work surfaces, electric induction hob, integrated extractor fan, De Detritch fan,two combination ovens, integrated steam oven and microwave, sink unit with Quooker hot water tap, waster disposal, integrated dishwasher, fridge/freezer, store cupboards, various base units with granite work surface, vertical radiator, double glazed window, open plan to the dining/family area.

Full length uPVC double glazed windows and French door opening to an Indian stone patio, TV point.
Access to the utility room and stairs to the Study/Hobby Room.

Utility Room - 3.91m x 2.18m (12'10" x 7'2") - With sink unit, cupboards and drawers, plumbing for washing machine, further base units, French door opening to garden

OAK STAIRCASE AND BALLESTRAIDE LEADS FROM HALLWAY TO A GALLERIED LANDING

Double glazed window overlooking the rear garden, two period style radiators,

Bedroom (Front) - 4.88m x 3.63m (16'0" x 11'11") - Two double glazed windows, two radiators, picture rail, pine door.

Ensuite - 3.05m x 1.96m (10'0" x 6'5") - With shower cubicle with power shower, pedestal wash basin, low level W/C, tiled walls, oval window, pine door.

Bedroom - 4.24m x3.15m (13'11" x10'4") - Radiator, double glazed window to side, picture rail, pine door.

Bedroom (L Shaped) - 4.24m x 3.30m (13'11" x 10'10") - Two double glazed windows, built in wardrobe, picture rail, pine door.

Bedroom (Rear) - 3.38m x 2.90m (11'1" x 9'6") - Radiator, pine door.

Bathroom - 4.60m x 2.31m (15'1" x 7'7") - A particularly spacious bathroom with white suite comprising panel bath, pedestal wash basin, low level W/C, shower cubicle, tiled walls, two double glazed windows, mixer tap, radiator.

Laundry Room - 2.08m x 1.50m (6'10" x 4'11") - Plumbing for washing machine, tumble vent, double glazed window, hot and cold water.

ACCESS FROM THE MAIN HOUSE TO THE INNER HALL LEADING TO THE GARAGE

With up and over door, power. Secondary staircase which leads to the first floor study/hobby room.

Study/Hobby Room - 5.26m x 3.18m (17'3" x 10'5") - ESWA ceiling heating, Velux windows, spacious storage in the eaves.

Leading to an ensuite.

Ensuite - 2.21m x 1.70m (7'3" x 5'7") - Comprising of a 3-piece suite, shower cubicle, low level W/C and sink unit.

Thornton Annexe - The annexe is accessed through a separate access from the driveway, this leads to a small courtyard and front door.

Living Room - 4.95m x 3.96m (16'3" x 13'0") - TV point, French doors, ESWA electric ceiling heating.

Kitchen/Breakfast/Dining Area - 6.88m x 2.54m (22'7" x 8'4") - With various base units, sink unit, cupboards and drawers, AEG double oven, hob unit, waste disposal, integrated dishwasher, underfloor heating, various wall cupboards, ceramic tiled floor, exposed beams, double glazed window

Utility/Larder - 3.99m x 1.70m (13'1" x 5'7") - With plumbing for washing machine and store cupboards.

Bedroom - 4.90m x 2.97m (16'1" x 9'9") - ESWA ceiling heating, uPVC double glazed window overlooking the garden.

Ensuite - 2.79m x 1.78m (9'2" x 5'10") - With panel bath, vanity wash basin, low level W/C, underfloor heating, tiled floor, shower cubicle with power shower unit, tiled walls.

Outside/Gardens - Tarmacadam driveway with easy parking for at least four vehicles.

The Westerly facing well established and secluded garden surrounds the side and rear of the house. The well established lawned area, well stocked borders with specimen trees and various plants, ornamental pond, extensive Indian stone patio area with built in Fireplace and Chimney BBQ area which benefits from the large awning which makes it an ideal outdoor entertaining area. There is a further block patio area which enjoys the morning sun.

Brick built WORKSHOP with power, light and water.

Services - All mains services are connected to the property. Electric vehicle (EV) charger.
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 F.

Viewings - By appointment with Baker Wynne and Wilson
Tel:

Agent Details

Baker Wynne & Wilson, Nantwich

01270 433241

Next Steps?

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