2 Bed Flat, Single Let, Nantwich, CW5 6GL, £140,000

Hastings Road, Nantwich, Cheshire, CW5 6GL - 10 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+6 photos

ValuationFair Value

Sold Prices£61K - £295K
Sold Prices/m²£776/m² - £3.9K/m²

 

 

Square Metres

~68 m²
Price/m²£2.1K/m²

Value Estimate

£139,116

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£695 - £975

Rent Estimate

£800

Running Costs/mo

£618

Cashflow/mo

£183

Cashflow/yr

£2,190

ROI

5%

Gross Yield

7%

Local Sold Prices

46 sold prices from £61K to £295K, average is £124K. £776/m² to £3.9K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£120K01/230.03 miApartment 3, The Gatehouse, Hastings Road, Nantwich, Cheshire East CW5 6GN2
£140K05/230.05 mi55, Hastings Road, Nantwich, Cheshire East CW5 6GL2
£124K04/210.05 mi49, Hastings Road, Nantwich, Cheshire East CW5 6GL2
£138.5K11/200.07 mi45, Newhaven Court, Nantwich, Cheshire CW5 6LF2
£137K12/200.07 mi42, Newhaven Court, Nantwich, Cheshire CW5 6LF2
£112K02/230.07 mi39, Newhaven Court, Nantwich, Cheshire East CW5 6LF2
£128K12/220.07 mi21, Newhaven Court, Nantwich, Cheshire East CW5 6LF2
£200K12/200.09 mi1, Nuthurst Gardens, Nantwich, Cheshire CW5 5RS2
£125K10/220.12 mi10, Whitewell Close, Nantwich, Cheshire East CW5 6LY2
£142.8K01/230.12 mi16, Whitewell Close, Nantwich, Cheshire East CW5 6LY2
£175K11/200.26 mi4, Rectory Close, Nantwich, Cheshire East CW5 5SW2
£115K11/200.26 mi10, Rectory Close, Nantwich, Cheshire CW5 5SW2
£130K08/210.3 miApartment 28, Cromwell Court, Beam Street, Nantwich, Cheshire CW5 5NZ2
£155K09/220.31 miApartment 10, Sleepers Point, Pillory Street, Nantwich, Cheshire East CW5 5SS2
£155K07/210.37 miApartment 7, Chatterton House, Church Lane, Nantwich, Cheshire CW5 5RQ2
£124K02/210.4 mi21, Stanyer Court, Nantwich, Cheshire CW5 7RT2
£142.5K03/230.4 mi21, Stanyer Court, Nantwich, Cheshire East CW5 7RT2
£124K02/210.4 mi21, Stanyer Court, Nantwich, Cheshire CW5 7RT2
£131K09/220.43 mi8, Kensington Court, Nantwich, Cheshire East CW5 5GE2
£88K03/210.48 mi4, Cherry Tree Court, Stapeley, Nantwich, Cheshire CW5 7FZ2
£120K10/220.49 mi4, Cherry Tree Court, Nantwich, Cheshire East CW5 7FZ2
£127K03/230.61 mi40, Davenport Avenue, Nantwich, Cheshire East CW5 5QJ2
£120K03/230.65 miFlat 14, Mill House, Queens Drive, Nantwich, Cheshire East CW5 5BX2
£163K09/220.72 mi93, Barony Road, Nantwich, Cheshire East CW5 5QP2
£295K06/230.72 miFlat 4, The Old Constabulary, Welsh Row, Nantwich, Cheshire East CW5 5ET2
£125K07/210.81 mi11, Monck Drive, Nantwich, Cheshire CW5 5UP2
£120K11/200.81 mi30, Mytton Drive, Nantwich, Cheshire CW5 5UF2
£95K10/200.81 mi54, Mytton Drive, Nantwich, Cheshire CW5 5UF2
£95K10/200.81 mi54, Mytton Drive, Nantwich, Cheshire CW5 5UF2
£122K11/220.81 mi9, Lambert Crescent, Nantwich, Cheshire East CW5 5UH2
£120K07/230.82 mi23, Lambert Crescent, Nantwich, Cheshire East CW5 5UH2
£119K02/230.82 mi25, Lambert Crescent, Nantwich, Cheshire East CW5 5UH2
£125.5K09/220.82 mi57, Lambert Crescent, Nantwich, Cheshire East CW5 5UH2
£110K02/210.82 mi69, Lambert Crescent, Nantwich, Cheshire CW5 5UH2
£115K05/210.82 mi36, Mytton Drive, Nantwich, Cheshire CW5 5UF2
£112K10/220.82 mi51, Lambert Crescent, Nantwich, Cheshire East CW5 5UH2
£131.5K09/210.85 mi28, Gerard Drive, Nantwich, Cheshire East CW5 5JT2
£104K05/210.86 mi43, Tyldesley Way, Nantwich, Cheshire CW5 5UE2
£115K02/230.86 mi43, Tyldesley Way, Nantwich, Cheshire East CW5 5UE2
£123.5K03/210.93 mi10, Sutton Close, Nantwich, Cheshire CW5 5GF2
£161.3K09/220.93 mi12, Sutton Close, Nantwich, Cheshire East CW5 5GF2
£118K06/230.94 mi135, Blagg Avenue, Nantwich, Cheshire East CW5 5JZ2
£92K06/210.94 mi109, Blagg Avenue, Nantwich, Cheshire East CW5 5JZ2
£67.5K08/210.96 mi7, Siddals Court, Nantwich, Cheshire CW5 5GH2
£125K04/230.96 mi21, Siddals Court, Nantwich, Cheshire East CW5 5GH2
£61K03/210.96 mi11, Siddals Court, Nantwich, Cheshire East CW5 5GH2

Local Rents

19 rents from £695/mo to £975/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£82512/240.05 miHastings Road, Nantwich2
£80012/240.07 miNewhaven Court, Nantwich2
£85012/240.07 mi-2
£75012/240.12 miJackson Avenue, Nantwich2
£85012/240.12 miWhitewell Close, Nantwich2
£69512/240.13 miNantwich, Cheshire, CW52
£85012/240.18 miRigbys Row2
£80001/250.21 mi-2
£75012/240.22 miMillstone Lane, Nantwich2
£82512/240.22 miNantwich, CW52
£95003/250.33 mi-2
£75012/240.33 miNantwich, Cheshire, CW52
£69512/240.33 miPillory Street, Nantwich2
£97503/250.34 mi-2
£79502/250.39 mi-2
£70002/240.4 mi-2
£80012/240.45 miHigh Street, Nantwich, CW52
£75012/240.45 miArnold Street, Nantwich2
£70012/240.55 miWall Lane, Nantwich2

Local Area Statistics

Population in CW5

29,323

Town centre distance

0.26 miles away

Nearest school

0.40 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £140,000

June 21, 2024

Floor Plans

Description

  • NO CHAIN +
  • Town centre location +
  • Ground floor +
  • Allocated parking +
  • 2 double bedrooms +
  • 2 Bathrooms +
  • Utility room +
  • Integrated appliances +

Discover the beauty of modern living with this ground-floor apartment in the heart of Nantwich. This contemporary two-bedroom apartment offers the perfect combination of comfort and convenience, suitable for both homebuyers and investors.
The apartment consists of two spacious double bedrooms, each offering ample space for a double bed and additional furniture. The master bedroom features an ensuite shower room for added privacy and convenience. Additionally, there is a modern main bathroom to serve the rest of the apartment.
The expansive living area is ideal for both entertaining and relaxing. The open-plan design seamlessly integrates the living, dining, and kitchen areas, creating a bright and welcoming atmosphere. The stylish kitchen is fully equipped with integrated appliances, such as a fridge-freezer, oven, hob, and dishwasher, making meal preparation a pleasure.
Furthermore, the property comes with a designated parking space, providing convenience in the bustling town center. The apartment was previously rented out at £800 per month, offering strong investment potential. However, it is now vacant and sold with vacant possession.
Located in the lively centre of Nantwich, the apartment is within walking distance of various shops, restaurants, cafes, and local amenities. Excellent transport links ensure easy access to surrounding areas, making it an ideal location for commuters.
Don't miss this opportunity to own a fantastic apartment in one of Cheshire's most desirable locations. Contact us today to arrange a viewing and make this exceptional property yours!
Tenure: Leasehold
Time remaining on lease: 979 years
Ground rent: £349.34 per annum
Ground rent review: Every 5 years - next review due 31.12.2028
Service charges: £1184.24 per annum
Service charge review: TBC Authority: Cheshire East Council Area
Council Tax Band: B
Broadband Speed: Ultrafast 1000 mbps, Superfast 80mbps, Basic 17mbps
Conservation Area; We believe this property is not located in a conservation area
Flood risk: We believe there is no flood risk
Phone signal: We believe EE, Vodafone, Three, O2 have good mobile signal here
Sky/Cable: BT and Sky are available
Parking: 1 allocated parking space
PROPERTY INFORMATION AND SERVICES: We believe this information to be accurate but cannot be guaranteed. All measurements quoted are approximate. Fixtures, fittings and services have not been tested.
ANTI-MONEY LAUNDERING: Should a purchaser have an offer accepted, they will need to meet our legal requirements under Anti Money Laundering Regulations (AML). We use a specialist third-party service to verify your information and the cost of these checks is £20 per person, which is paid in advance, when an offer is agreed and prior to a memorandum of sale being produced.

Agent Details

EweMove, Covering North West England

01274 015949

Next Steps?

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