2 Bed Flat, Single Let, Warrington, WA4 1DE, £125,000

Clearwater Quays, Latchford, Warrington, WA4 1DE - 3 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 7%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£90.5K - £211K
Sold Prices/m²£1.3K/m² - £3.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£151,001
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Total Cash In

£36,200

 

 

Cash Out

 

Rent Range

£600 - £1,040

Rent Estimate

£768

Running Costs/mo

£564

Cashflow/mo

£204

Cashflow/yr

£2,445

ROI

7%

Gross Yield

7%

Local Sold Prices

28 sold prices from £90.5K to £211K, average is £145K. £1.3K/m² to £3.4K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£107K11/220.24 mi41, Ashfield Gardens, Warrington WA4 1PQ2
£120K09/210.33 miApartment 8, The Locks, Thelwall New Road, Grappenhall, Warrington WA4 2GS2
£140K03/230.33 miApartment 7, The Locks, Thelwall New Road, Grappenhall, Warrington WA4 2GS2
£149.9K11/220.33 miApartment 4, The Locks, Thelwall New Road, Grappenhall, Warrington WA4 2GS2
£114.8K05/210.34 miApartment 11, The Locks, Thelwall New Road, Grappenhall, Warrington WA4 2GS2
£160K10/200.4 mi14, Glastonbury Mews, Stockton Heath, Warrington WA4 2YA2
£211K06/230.4 mi5, Glastonbury Mews, Stockton Heath, Warrington WA4 2YA2
£187K05/230.4 mi7, Glastonbury Mews, Stockton Heath, Warrington WA4 2YA2
£208K02/230.4 mi2, Glastonbury Mews, Stockton Heath, Warrington WA4 2YA2
£117.5K04/210.48 mi10, Gilbert Drive, Warrington WA4 1TF2
£200K10/220.61 miFlat 24, Bartholomew Court, Bradshaw Lane, Grappenhall, Warrington WA4 2JW2
£195K11/210.61 miFlat 3, Bartholomew Court, Bradshaw Lane, Grappenhall, Warrington WA4 2JW2
£127.5K07/230.63 mi2, Moorside, Warrington WA4 1RN2
£116K11/200.63 mi39, Moorside, Warrington WA4 1RN2
£110K11/210.63 mi50, Moorside, Warrington WA4 1RN2
£90.5K12/200.63 mi17, Moorside, Warrington WA4 1RN2
£120K09/230.63 mi3, Moorside, Warrington WA4 1RN2
£95K12/220.65 mi38, Woolacombe Close, Latchford, Warrington WA4 2RU2
£115K04/210.65 mi43, Woolacombe Close, Latchford, Warrington WA4 2RU2
£160K11/220.78 mi16, Tresham Drive, Grappenhall, Warrington WA4 3DU2
£185K04/230.8 mi5, Bourchier Way, Warrington WA4 3DW2
£155K04/210.8 mi8, Bourchier Way, Warrington WA4 3DW2
£157K12/200.8 mi10, Bourchier Way, Warrington WA4 3DW2
£175K08/230.8 mi8, Bourchier Way, Warrington WA4 3DW2
£170K04/240.8 mi11, Bourchier Way, Warrington WA4 3DW2
£108.5K03/210.8 mi428, Knutsford Road, Latchford, Warrington WA4 1DU2
£155K04/210.82 mi8, Bourchier Way, Warrington WA4 3DW2
£140K10/210.89 mi29, Ferryside, Thelwall, Warrington WA4 2GY2

Local Rents

17 rents from £600/mo to £1K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£79910/240.03 miClearwater Quays, Williams Wharf, Latchford, Warrington, WA42
£85012/240.06 mi-2
£79910/240.08 miClearwater Quays, Warrington, WA42
£80010/240.11 mi-2
£80010/240.24 miAshfield Gardens, Warrington, Cheshire, WA42
£80010/240.24 miVictoria Gardens; Latchford; WA42
£70010/240.25 miGrammar School Road, Warrington2
£85010/240.26 miGrammar School Road2
£1,04010/240.27 miStation Road, Warrington, Cheshire, WA42
£92511/240.41 mi-2
£90002/250.41 mi-2
£75010/240.43 miCantilever Gardens2
£87512/230.45 mi-2
£60001/250.47 mi-2
£80001/240.49 mi-2
£80001/240.49 mi-2
£85002/240.59 mi-2

Local Area Statistics

Population in WA4

46,997

Population in Warrington

215,344

Town centre distance

1.72 miles away

Nearest school

0.30 miles away

Nearest train station

1.70 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £125,000

August 9, 2024

Floor Plans

Description

  • PURPOSE BUILD APARTMENT +
  • VIEWS OVER THE SHIP CANAL +
  • TWO DOUBLE BEDROOMS +
  • MODERN THROUGHOUT +
  • SECURE PARKING +
  • INTERCOM ACCESS SYSTEM +

ATTRACTIVE ASPECT with VIEWS over the 'SHIP CANAL' | OPEN PLAN LOUNGE/DINER & KITCHEN | Walking Distance to the VILLAGE & 'TRANS PENNINE TRAIL' | 'NO THROUGH ROAD' Location. This purpose built apartment occupies a popular position adjacent to the canal offering well proportioned accommodation including an entrance hall with storage, lounge/diner and kitchen, two double bedrooms and a bathroom. Communal gardens and parking.

Accommodation -

Ground Floor -

Communal Entrance Hallway - 5.02m x 3.54m (16'5" x 11'7") - Staircase to the first floor and two separate doors leading to the ground floor apartments upon where the water and electricity meters are housed in cupboards for all three floors.

First Floor -

Lobby - 5.04m x 3.55m (16'6" x 11'7") - Staircase to the second floor and two doors providing access to the first floor apartments.

Inner Hallway - 5.09m x 1.44m (16'8" x 4'8") - Access to three first floor apartments.

Entrance Hallway - 4.81m x 1.85m (15'9" x 6'0") - Accessed through the first floor inner hallway into a generous reception with intercom system, central heating radiator and an electrical consumer unit.

Cloaks Cupboard - 1.48m x 0.56m (4'10" x 1'10") - Storage for cloaks and shoes.

Lounge & Dining Area - 4.60m x 3.97m (15'1" x 13'0") - PVC double glazed 'French' doors opening onto a 'Juliet' balcony overlooking the 'Manchester Ship Canal', two central heating radiators and an opening to the:

Kitchen - 2.69m x 2.32m (8'9" x 7'7") - Range of matching base, drawer and eye level units with integrated appliances including a four ring gas hob, oven below and a chimney extractor above. Spaces for both a fridge/freezer and a washing machine. One and a half bowl stainless steel single sink drainer unit set in a granite style heat resistant, roll edge work surface with tiled splashback. PVC double glazed window to the side elevation, spot lights, cupboard housing the 'Potterton Promax Combi HE Plus' boiler and tile effect vinyl flooring.

Bedroom One - 4.88m (max) x 3.14m (16'0" (max) x 10'3") - Range of fitted wardrobes with sliding mirrored providing hanging and shelving space, PVC double glazed 'French' doors opening to the front elevation and a central heating radiator.

Bedroom Two - 2.91m x 2.69m (9'6" x 8'9") - PVC double glazed window to the front elevation and a central heating radiator.

Bathroom - 2.05m x 1.72m (6'8" x 5'7") - Three piece suite including a panelled bath with a thermostatic shower above and screen, pedestal wash hand basin and a low level W.C. Tile effect vinyl flooring, part tiled walls, shavers point, central heating radiator and an extractor fan.

Outside - The apartment enjoys an open front aspect with views across the 'Manchester Ship Canal', in addition to ample communal parking and some gardens.

Tenure - Leasehold with a Term of 250 years dated 1st January 2007 and an annual Ground Rent of £100.

Service Charge - Annual Charge of £800 (1st September 2023 to 31st August 2024). Managing Agent is 'Peter Kenny Property Management'

Council Tax - Band 'B' - £1,658.39 (2024/2025)

Local Authority - Warrington Borough Council

Services - No tests have been made of main services, heating systems, or associated appliances. Neither has confirmation been obtained from the statutory bodies of the presence of these services. We cannot, therefore, confirm that they are in working order and any prospective purchaser is advised to obtain verification from their solicitor or surveyor.

Postcode - WA4 1DE

Posession - Vacant Possession upon Completion.

Viewing - Strictly by prior appointment with Cowdel Clarke, Stockton Heath. 'Video Tours' can be viewed prior to a physical viewing.

Agent Details

Cowdel Clarke, Stockton Heath

01925 931596

Next Steps?

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