2 Bed Flat, Potential PLO/LOA, Nantwich, CW5 5TQ, £135,000

FAIRFAX COURT Barony Road, Nantwich, Cheshire, CW5 5TQ - 4 views - 9 months ago

Leasehold
Negative Equity
ROI: 4%
~69 m²
+3 photos

ValuationUndervalued

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

 

 

Square Metres

~69.40 m²
Price/m²£1.9K/m²

Value Estimate

£143,432
BMV6%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Total Cash In

£39,000

 

 

Cash Out

 

Rent Range

£700 - £2,000

Rent Estimate

£713

Running Costs/mo

£584

Cashflow/mo

£129

Cashflow/yr

£1,542

ROI

4%

Gross Yield

6%

Local Sold Prices

38 sold prices from £61K to £295K, average is £124.5K. £776/m² to £3.9K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£163K09/220.14 mi93, Barony Road, Nantwich, Cheshire East CW5 5QP2
£127K03/230.26 mi40, Davenport Avenue, Nantwich, Cheshire East CW5 5QJ2
£131K09/220.51 mi8, Kensington Court, Nantwich, Cheshire East CW5 5GE2
£125K07/210.53 mi11, Monck Drive, Nantwich, Cheshire CW5 5UP2
£104K05/210.56 mi43, Tyldesley Way, Nantwich, Cheshire CW5 5UE2
£115K02/230.56 mi43, Tyldesley Way, Nantwich, Cheshire East CW5 5UE2
£120K11/200.57 mi30, Mytton Drive, Nantwich, Cheshire CW5 5UF2
£95K10/200.57 mi54, Mytton Drive, Nantwich, Cheshire CW5 5UF2
£95K10/200.57 mi54, Mytton Drive, Nantwich, Cheshire CW5 5UF2
£130K08/210.59 miApartment 28, Cromwell Court, Beam Street, Nantwich, Cheshire CW5 5NZ2
£115K05/210.59 mi36, Mytton Drive, Nantwich, Cheshire CW5 5UF2
£122K11/220.67 mi9, Lambert Crescent, Nantwich, Cheshire East CW5 5UH2
£120K07/230.67 mi23, Lambert Crescent, Nantwich, Cheshire East CW5 5UH2
£119K02/230.67 mi25, Lambert Crescent, Nantwich, Cheshire East CW5 5UH2
£125.5K09/220.67 mi57, Lambert Crescent, Nantwich, Cheshire East CW5 5UH2
£110K02/210.67 mi69, Lambert Crescent, Nantwich, Cheshire CW5 5UH2
£175K11/200.68 mi4, Rectory Close, Nantwich, Cheshire East CW5 5SW2
£115K11/200.68 mi10, Rectory Close, Nantwich, Cheshire CW5 5SW2
£112K10/220.69 mi51, Lambert Crescent, Nantwich, Cheshire East CW5 5UH2
£155K07/210.69 miApartment 7, Chatterton House, Church Lane, Nantwich, Cheshire CW5 5RQ2
£295K06/230.71 miFlat 4, The Old Constabulary, Welsh Row, Nantwich, Cheshire East CW5 5ET2
£142.8K01/230.76 mi16, Whitewell Close, Nantwich, Cheshire East CW5 6LY2
£125K10/220.76 mi10, Whitewell Close, Nantwich, Cheshire East CW5 6LY2
£67.5K08/210.78 mi7, Siddals Court, Nantwich, Cheshire CW5 5GH2
£125K04/230.78 mi21, Siddals Court, Nantwich, Cheshire East CW5 5GH2
£61K03/210.78 mi11, Siddals Court, Nantwich, Cheshire East CW5 5GH2
£123.5K03/210.79 mi10, Sutton Close, Nantwich, Cheshire CW5 5GF2
£161.3K09/220.79 mi12, Sutton Close, Nantwich, Cheshire East CW5 5GF2
£200K12/200.83 mi1, Nuthurst Gardens, Nantwich, Cheshire CW5 5RS2
£120K01/230.85 miApartment 3, The Gatehouse, Hastings Road, Nantwich, Cheshire East CW5 6GN2
£155K09/220.88 miApartment 10, Sleepers Point, Pillory Street, Nantwich, Cheshire East CW5 5SS2
£120K03/230.9 miFlat 14, Mill House, Queens Drive, Nantwich, Cheshire East CW5 5BX2
£140K05/230.9 mi55, Hastings Road, Nantwich, Cheshire East CW5 6GL2
£124K04/210.9 mi49, Hastings Road, Nantwich, Cheshire East CW5 6GL2
£138.5K11/200.92 mi45, Newhaven Court, Nantwich, Cheshire CW5 6LF2
£137K12/200.92 mi42, Newhaven Court, Nantwich, Cheshire CW5 6LF2
£112K02/230.92 mi39, Newhaven Court, Nantwich, Cheshire East CW5 6LF2
£128K12/220.93 mi21, Newhaven Court, Nantwich, Cheshire East CW5 6LF2

Local Rents

12 rents from £700/mo to £2K/mo, average is £788/mo.

RentDateDistanceAddressBeds 
£87512/240.05 miWeaver House, Nantwich, Cheshire, CW5 5GT2
£2,00012/240.05 miBarony Road, Nantwich2
£85012/240.11 mi-2
£87502/250.11 mi-2
£85012/240.11 miBarony Court, Nantwich, CW52
£75012/240.17 miBarony Road, Nantwich2
£80012/240.18 miBarony Road, Nantwich2
£75012/240.41 miArnold Street, Nantwich2
£70012/240.49 miWall Lane, Nantwich2
£70002/240.51 mi-2
£77512/240.56 miTyldesley Way, Kingsley Village, Nantwich2
£75012/240.56 miTyldesley Way, Nantwich2

Local Area Statistics

Population in CW5

29,323

Town centre distance

0.70 miles away

Nearest school

0.50 miles away

Nearest train station

0.94 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £135,000

-27%

July 8, 2024

Sold for £171,875

2007

Floor Plans

Description

  • A well presented second floor apartment +
  • Superb location, walking distance to Nantwich +
  • Open plan living/dining/kitchen +
  • Two double bedrooms +
  • Two bathrooms +
  • Allocated parking +
  • Ideal investment, first time or downsizing opportunity +
  • NO ONWARD CHAIN +
  • MUST BE VIEWED +

An impressive two bedroom, second floor apartment situated in the fantastic Fairfax Court Development, ideal for both investors, first time buyers and downsizers. The apartment is located on the second floor and benefits from two double bedrooms, a family bathroom and ensuite, open plan kitchen/dining/living area, communal lift, and allocated parking plus numerous visitor parking bays. The apartment is positioned to provide excellent transport links with ease of access into the Nantwich Town Centre, walking distance to Reaseheath College and adjacent to road networks. For more information or to arrange your viewing please contact our Whitegates Nantwich Office.

Approached via the communal stairs or lifts to the second floor.

Entrance Hall
With doors leading to all rooms and to the useful storage cupboard.

Living/Dining/Kitchen
A lovely open plan room with Velux roof lights. There is a range of wall & base units incoporating cupboards & drawers with work surface over. Inset four ring hob with extractor hood over and single oven under. Space & plumbing for washing machine and fridge/freezer. Carpet to the living/dining room and vinyl floor to the kitchen.

Bedroom One
A good size double bedroom. Velux roof light. Carpet fitted.

Ensuite Shower Room
Tiled flooring, shower enclosure with shower fitted, washhand basin and low level WC. Towel heater fitted.

Bedroom Two
A second double bedroom. Velux roof light. Carpet fitted.

Bathroom
Tiled flooring, bath with shower over, a washhand basin and low level WC. Towel heater fitted.

Parking
The property comes with an allocated parking space and there is plentiful visitor parking.

Agent Details

Whitegates, Nantwich

01270 916178

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪