3 Bed Bungalow, Refurb/BRRR, Crewe, CW2 8AJ, £350,000

Hillcrest, Woodside Lane, Wistaston, CW2 8AJ - 9 months ago

Sold STC
Refurb/BRRR
Planning
~90 m²
+13 photos

ValuationOvervalued

Sold Prices£119K - £367K
Sold Prices/m²£1.3K/m² - £3.9K/m²

 

 

Square Metres

~89.60 m²
Price/m²£3.9K/m²

Value Estimate

£202,253

 

 

End Value (After Refurb)

£275,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£37,886

Bridging Loan Interest

£9,188

Total Cash In

£153,024

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£275,000

Mortgage (After Refinance)

£206,250

Mortgage LTV

75%

Cash Left In

£153,024

Equity

£68,750

Rent Range

£795 - £2,900

Rent Estimate

£1,140

Running Costs/mo

£1,107

Cashflow/mo

£33

Cashflow/yr

£392

ROI

0%

Gross Yield

4%

Local Sold Prices

50 sold prices from £119K to £367K, average is £204.6K. £1.3K/m² to £3.9K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£156K08/210.08 mi39, Waldron Gardens, Wistaston, Crewe, Cheshire East CW2 8UT3
£162K06/210.08 mi14, Waldron Gardens, Wistaston, Crewe, Cheshire East CW2 8UT3
£215K04/230.08 mi9, Waldron Gardens, Wistaston, Crewe, Cheshire East CW2 8UT3
£205K01/230.11 mi6, Wistaston Green Road, Wistaston, Crewe, Cheshire East CW2 8QH3
£165K08/210.13 mi32, Woodside Avenue, Wistaston, Crewe, Cheshire CW2 8AN3
£196K07/230.13 mi8, Woodside Avenue, Wistaston, Crewe, Cheshire East CW2 8AN3
£185K03/230.14 mi78, Valley Road, Wistaston, Crewe, Cheshire East CW2 8JY3
£367K05/230.15 miCraigower, Wistaston Park, Wistaston, Crewe, Cheshire East CW2 8JT3
£180K04/230.15 mi23, Clare Drive, Wistaston, Crewe, Cheshire East CW2 8ED3
£190K02/230.15 mi17, Thirlmere Road, Wistaston, Crewe, Cheshire East CW2 8AQ3
£134K02/240.15 mi22, Thirlmere Road, Wistaston, Crewe, Cheshire East CW2 8AQ3
£255K03/210.15 mi74, Broughton Lane, Wistaston, Crewe, Cheshire CW2 8JR3
£204.3K04/240.15 mi9, Valley Road, Wistaston, Crewe, Cheshire East CW2 8JZ3
£315K03/240.17 mi88, Broughton Lane, Wistaston, Crewe, Cheshire East CW2 8JR3
£295K04/230.17 mi51, Broughton Lane, Wistaston, Crewe, Cheshire East CW2 8JR3
£235K09/230.18 mi18, Wistaston Avenue, Wistaston, Crewe, Cheshire East CW2 8QR3
£163K11/200.18 mi15, Wistaston Avenue, Wistaston, Crewe, Cheshire East CW2 8QR3
£160K12/200.22 mi93, Dane Bank Avenue, Crewe, Cheshire East CW2 8AG3
£226.8K01/210.25 mi24, Lear Drive, Wistaston, Crewe, Cheshire CW2 8DP3
£215K10/230.25 mi3, Lear Drive, Wistaston, Crewe, Cheshire East CW2 8DP3
£280K02/230.25 mi4, Harrow Close, Wistaston, Crewe, Cheshire East CW2 8FG3
£180K02/210.25 mi7, Harrow Close, Crewe, Cheshire CW2 8FG3
£119K05/210.26 mi16, Beech Drive, Wistaston, Crewe, Cheshire East CW2 8RE3
£155K09/210.27 mi3, Flixton Drive, Wistaston, Crewe, Cheshire CW2 8AP3
£175K06/210.27 mi24, Flixton Drive, Wistaston, Crewe, Cheshire CW2 8AP3
£210K03/230.27 mi28, Flixton Drive, Wistaston, Crewe, Cheshire East CW2 8AP3
£130K01/230.27 mi57, Flixton Drive, Wistaston, Crewe, Cheshire East CW2 8AP3
£258K08/230.28 mi36, Shelley Drive, Wistaston, Crewe, Cheshire East CW2 8DG3
£210K03/240.28 mi41, Sandhurst Avenue, Wistaston, Crewe, Cheshire East CW2 8FA3
£213K02/240.28 mi55, Sandhurst Avenue, Wistaston, Crewe, Cheshire East CW2 8FA3
£175K11/200.28 mi9, Sandhurst Avenue, Crewe, Cheshire CW2 8FA3
£171K09/210.28 mi2, Carroll Drive, Wistaston, Crewe, Cheshire East CW2 8DH3
£210K08/230.29 mi16, Milton Drive, Wistaston, Crewe, Cheshire East CW2 8BS3
£167K01/210.31 mi82, Dane Bank Avenue, Crewe, Cheshire CW2 8AD3
£365K02/210.31 mi12, Park Drive, Wistaston, Crewe, Cheshire CW2 8EN3
£220K05/230.32 mi29, Milton Drive, Wistaston, Crewe, Cheshire East CW2 8BT3
£180K12/220.33 mi2, Tatton Road, Crewe, Cheshire East CW2 8QA3
£282.5K08/210.34 mi109, Church Lane, Wistaston, Crewe, Cheshire CW2 8ER3
£365K02/210.35 mi21, Westfield Drive, Wistaston, Crewe, Cheshire East CW2 8EU3
£260K12/210.36 mi26, Yew Tree Road, Wistaston, Crewe, Cheshire CW2 8BN3
£145K12/200.36 mi3, Blunstone Close, Crewe, Cheshire CW2 8LS3
£295K08/210.36 mi105, Church Lane, Wistaston, Crewe, Cheshire East CW2 8ER3
£278K12/200.36 mi82, Church Lane, Wistaston, Crewe, Cheshire East CW2 8ER3
£260K02/240.36 mi89, Church Lane, Wistaston, Crewe, Cheshire East CW2 8ER3
£250K12/230.37 mi43, Dane Bank Avenue, Crewe, Cheshire East CW2 8AE3
£220K03/240.38 mi10, Baker Close, Crewe, Cheshire East CW2 8GS3
£197K03/230.38 mi73, Tatton Road, Crewe, Cheshire East CW2 8PX3
£160K11/210.39 mi13, Adlington Road, Crewe, Cheshire CW2 8PD3
£135K12/210.39 mi11, Larch Road, Wistaston, Crewe, Cheshire East CW2 8UN3
£161K12/230.4 mi38, Aldersey Road, Crewe, Cheshire East CW2 8NR3

Local Rents

50 rents from £795/mo to £2.9K/mo, average is £998/mo.

RentDateDistanceAddressBeds 
£1,10002/250.21 mi-3
£89512/240.25 miFlixton Drive, Crewe3
£82512/240.39 miTatton Road, Crewe3
£90012/240.39 miLear Drive, Wistaston, CW23
£1,15012/240.43 mi-3
£1,05001/250.59 mi-3
£1,19501/250.6 mi-3
£1,19501/250.6 mi-3
£1,15012/240.62 miArmitage Close, Wistaston, Crewe, CW2 8FZ3
£87512/240.62 miRockwood Close, Crewe, Cheshire, CW2 8LW3
£1,20012/240.64 miArmitage Close, Wistaston, Crewe, CW2 8FZ3
£79512/240.66 miAlton Street, Crewe3
£99512/240.67 miRope Lane, Wistaston, Crewe, Cheshire, CW23
£90012/240.71 mi-3
£97512/240.75 miSalisbury Close, Crewe, Cheshire, CW2 6JN3
£1,15011/240.76 mi-3
£1,10003/250.76 mi-3
£1,00012/240.79 mi-3
£99512/230.82 mi-3
£1,00002/250.82 mi-3
£82512/240.87 miGainsborough Road, Crewe3
£82512/240.9 mi-3
£85003/250.91 mi-3
£95012/240.91 mi-3
£92512/240.91 miSt. Andrew's Court, Crewe3
£90012/240.91 miOakwood Cresent, Crewe3
£87512/240.92 mi-3
£2,90012/240.92 mi-3
£85012/240.97 mi-3
£1,20012/240.97 miCrewe, CW23
£1,00002/251.01 mi-3
£1,05012/241.01 miCoppenhall Place, Crewe, CW13
£85012/241.01 miErnest St, Crewe3
£85012/241.01 miErnest Street, Crewe3
£97512/241.01 miBroadleigh Way, Wistaston3
£85012/231.01 mi-3
£79512/241.03 miWistaston Road, Crewe3
£1,02512/241.03 miCoppenhall Place, Cheshire, CW13
£1,05012/241.04 miRichard Darroch Way, Cheshire3
£1,02512/241.04 miCoppenhall Place, Crewe, CW13
£90003/251.04 mi-3
£2,75003/251.05 mi-3
£80012/241.08 miLawton Street, Crewe, CW23
£1,07512/241.08 miCoppenhall Place, Crewe, CW13
£1,02512/241.08 miCoppenhall Place, Crewe, CW13
£1,02512/241.08 miCoppenhall Place, Crewe, CW13
£1,10012/241.09 miRichard Darroch Way, Crewe3
£2,50012/241.09 mi-3
£2,50001/251.09 mi-3
£95003/251.09 mi-3

Local Area Statistics

Population in CW2

40,752

Population in Crewe

101,534

Town centre distance

1.38 miles away

Nearest school

0.20 miles away

Nearest train station

1.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £350,000

July 16, 2024

Floor Plans

Description

A SUBSTANTIAL1950'S DETACHED BUNGALOW OFFERING EXTENSIVE POTENTIAL WITH GOOD SIZED SOUTH WEST FACING GARDENS, IN A LOVELY NO THROUGH LANE.

A SUBSTANTIAL1950'S DETACHED BUNGALOW OFFERING EXTENSIVE POTENTIAL WITH GOOD SIZED SOUTH WEST FACING GARDENS, IN A LOVELY NO THROUGH LANE.

Summary - Entrance Porch, Reception Hall, Living Room, Kitchen, Three Bedrooms, Bathroom, Separate W/C, Gas Central Heating, uPVC Double Glazed Windows, Brick Garage, Gardens. About 0.25 of an acre.
For Sale With No Ongoing Chain.

Description - This individual detached bungalow was built in the 1950's of brick under a tiled roof, stands back from the lane, fronted by a distinctive sandstone wall and is approached over a tarmacadam drive. It has been a much loved family home and comes to the market for only the second time since it was built.

As presently arranged, there are three bedrooms, a large well proportioned living room and a small kitchen. This though is a property not about what it is now but rather more what it will become. The price, which is competitive, deliberately reflects the fact that modernisation is required. The possibilities are extensive and Hillcrest will be a hugely exciting property to be customised, adapted, enhanced and possibly enlarged, subject to planning permission.

To its advantage the bungalow sits on a 0.25 of an acre plot and is not overlooked to the front or rear.

Location & Amenities - Woodside Lane is a sought after address in Wistaston and comprises individual detached houses and bungalows. There is a variety of shops located on Readesdale Avenue and Kings Drive. The Woodside pub/restaurant is a short stroll and there are fields across Valley Road for walkers. The historic market town of Nantwich is 2.5 miles, with the larger centre of Crewe 2.5 miles having a fast intercity rail network (London Euston 90 minutes, Manchester 40 minutes). Manchester Airport is approximately a 45 minute drive.

Directions - From Nantwich take the main Crewe Road, continue for 1.7 miles, at Jacksons Corner, turn left into Church Lane, proceed for 0.8 of mile, turn right into Woodside Lane, bear right and the property is located on the right hand side.

The Accommodation - With approximate measurements comprises:

Entrance Porch -

Reception Hall - 4.39m x 3.71m maximum (14'5" x 12'2" maximum) - Wood block floor, uPVC entrance door, two radiators.

Living Room - 6.15m x 5.33m (20'2" x 17'6") - Robinson Willey gas fire, double glazed window and double glazed sliding patio windows to rear garden, two radiators.

Kitchen - 3.35m x 2.39m (11'0" x 7'10") - Stainless steel one and half bowl sink unit, cupboards under, two floor standing cupboard and drawer units, wall cupboards, plumbing for washing machine, connection for a gas cooker, two double glazed windows, Worcester gas fired central heating boiler.

Bedroom No. 1 - 4.32m x 3.30m (14'2" x 10'10") - Wall to wall fitted wardrobes, fitted cupboards, sliding double glazed patio windows to rear, radiator.

Bedroom No. 2 - 3.61m plus cupboards x 2.51m (11'10" plus cupboard - Built in cupboards, shelving, radiator.

Bedroom No. 3 - 2.79m x 2.46m (9'2" x 8'1") - Access to boarded loft, radiator.

Bathroom - 2.34m x 1.45m (7'8" x 4'9") - Coloured 1950's Royal Venton suite comprising panel bath with mixer shower and pedestal hand basin, half tiled walls, radiator.

Separte W/C - Low flush W/C.

Outside - Brick built GARAGE 16'0" x 10'1" , inspection pit, personal double doors, power, light and water. Aluminium framed greenhouse. Exterior lighting.

Gardens - The gardens are extensively lawned with rockery, hawthorn hedge, hydrangeas, fir tree, shrubs and specimen trees.

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 with vacant possession on completion.

Council Tax - Band D.

Viewings - By appointment with Baker Wynne and Wilson
Tel:

Agent Details

Baker Wynne & Wilson, Nantwich

01270 433241

Next Steps?

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