4 Bed Detached House, Refurb/BRRR, Nantwich, CW5 6SA, £375,000

27 Penlington Court, Nantwich, CW5 6SA - 1 views - 7 months ago

Refurb/BRRR
Planning
ROI: 1%
106 m²
+11 photos

ValuationOvervalued

Sold Prices£167K - £710K
Sold Prices/m²£1.5K/m² - £4.5K/m²

 

 

Square Metres

106 m²
Price/m²£3.5K/m²

Value Estimate

£280,026

 

 

End Value (After Refurb)

£305,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£43,178

Bridging Loan Interest

£9,844

Total Cash In

£167,222

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£305,000

Mortgage (After Refinance)

£228,750

Mortgage LTV

75%

Cash Left In

£167,222

Equity

£76,250

Rent Range

£940 - £2,750

Rent Estimate

£1,372

Running Costs/mo

£1,248

Cashflow/mo

£124

Cashflow/yr

£1,494

ROI

1%

Gross Yield

4%

Local Sold Prices

49 sold prices from £167K to £710K, average is £375K. £1.5K/m² to £4.5K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£362.5K01/230.04 mi26, Penlington Court, Nantwich, Cheshire East CW5 6SB4
£345K06/230.04 mi8, Penlington Court, Nantwich, Cheshire East CW5 6SB4
£385K06/210.1 mi34, Mount Drive, Nantwich, Cheshire East CW5 6JG4
£375K12/200.16 mi2, Harvey Avenue, Nantwich, Cheshire East CW5 6LE4
£415K12/200.18 mi11, Mount Drive, Nantwich, Cheshire CW5 6JF4
£277.5K11/210.2 mi21, St Lawrence Court, Nantwich, Cheshire CW5 5PB4
£405K11/200.2 mi3, Woodland Avenue, Nantwich, Cheshire East CW5 6JE4
£455K11/200.2 mi7, Woodland Avenue, Nantwich, Cheshire East CW5 6JE4
£275K02/210.21 mi51, Highfield Drive, Nantwich, Cheshire CW5 6EY4
£225K04/210.21 mi23, Highfield Drive, Nantwich, Cheshire CW5 6EY4
£407K08/210.21 mi36, Birchin Lane, Nantwich, Cheshire East CW5 6JY4
£342.7K12/200.32 mi11, South Crofts, Nantwich, Cheshire CW5 5SG4
£437K03/210.32 mi25, South Crofts, Nantwich, Cheshire CW5 5SG4
£215K06/210.36 mi8, Hastings Road, Nantwich, Cheshire CW5 6GL4
£250K04/210.36 mi68, London Road, Nantwich, Cheshire CW5 6LT4
£189K09/210.39 mi3, Newhaven Court, Nantwich, Cheshire CW5 6LF4
£385K01/210.41 mi19, Gingerbread Lane, Nantwich, Cheshire East CW5 6NH4
£500K01/210.41 mi7, Gingerbread Lane, Nantwich, Cheshire East CW5 6NH4
£413K03/210.41 mi49, Gingerbread Lane, Nantwich, Cheshire CW5 6NH4
£670K11/200.43 mi2, Regents Gate, Nantwich, Cheshire CW5 6TF4
£320K11/200.47 mi7, St Josephs Way, Nantwich, Cheshire CW5 6TE4
£500K02/230.47 mi14, St Josephs Way, Nantwich, Cheshire East CW5 6TE4
£320K11/200.48 mi7, Mottram Drive, Nantwich, Cheshire CW5 7NW4
£167K03/210.48 mi39, Mottram Drive, Nantwich, Cheshire CW5 7NW4
£355K11/200.5 mi38, Clonners Field, Stapeley, Nantwich, Cheshire CW5 7GP4
£325K11/200.53 mi6, Flowerscroft, Nantwich, Cheshire CW5 7GN4
£255K05/210.55 mi18, Sherratt Close, Stapeley, Nantwich, Cheshire CW5 7RU4
£330K06/210.58 mi65, Manor Road North, Nantwich, Cheshire East CW5 5NW4
£359K11/210.63 mi29, Mercer Way, Nantwich, Cheshire CW5 5YD4
£377K04/230.64 mi47, Hawksey Drive, Nantwich, Cheshire East CW5 7GF4
£400K09/210.66 mi6, Tinkersfield, Stapeley, Nantwich, Cheshire CW5 7GY4
£220K10/200.68 mi7, Stanyer Court, Nantwich, Cheshire CW5 7RT4
£370K06/210.68 mi5, Riverbank Close, Nantwich, Cheshire CW5 5YF4
£180K02/230.68 mi54, Mottram Drive, Nantwich, Cheshire East CW5 7NW4
£385K08/210.71 mi14, Haydn Jones Drive, Nantwich, Cheshire East CW5 7GQ4
£230K01/230.71 mi58, Talbot Way, Nantwich, Cheshire East CW5 7RQ4
£244K11/210.73 mi8, Deane Court, Stapeley, Nantwich, Cheshire CW5 7JG4
£475K12/220.74 mi10, Rookery Drive, Nantwich, Cheshire East CW5 7DD4
£476K06/210.77 mi102, London Road, Stapeley, Nantwich, Cheshire East CW5 7JL4
£375K06/210.77 mi3, Hallams Drive, Nantwich, Cheshire CW5 7RN4
£421.5K01/230.77 mi24, Chater Drive, Nantwich, Cheshire East CW5 7GH4
£475K02/210.8 mi84, Shrewbridge Road, Nantwich, Cheshire CW5 7AA4
£489.9K02/230.84 mi25, Millfields, Nantwich, Cheshire East CW5 5HS4
£544.5K01/230.85 mi116, Colleys Lane, Willaston, Nantwich, Cheshire East CW5 6NT4
£265K01/210.9 mi14, Brassey Court, Willaston, Nantwich, Cheshire CW5 6NY4
£710K12/200.92 mi39, Millfields, Nantwich, Cheshire East CW5 5HR4
£660K05/230.92 mi34, Park Road, Nantwich, Cheshire East CW5 7AG4
£409K04/210.93 mi3, Colleys Lane, Willaston, Nantwich, Cheshire East CW5 6NS4
£529.5K03/210.94 mi16, Colleys Lane, Willaston, Nantwich, Cheshire CW5 6NS4

Local Rents

10 rents from £940/mo to £2.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£95012/240.08 miBirchwood Drive, Nantwich3
£94012/240.19 mi-3
£1,17502/250.19 mi-3
£1,20012/240.27 miMaisterson Court, Nantwich, Cheshire, CW53
£1,30012/240.35 miLondon Road, Nantwich4
£1,10012/240.42 miChurches Court, Nantwich3
£1,20012/240.42 miPratchitts Row, Nantwich3
£1,15012/240.46 miSmithers close4
£2,75012/240.54 mi-3
£99512/240.61 miNantwich, Cheshire, CW53

Local Area Statistics

Population in CW5

29,323

Town centre distance

0.40 miles away

Nearest school

0.20 miles away

Nearest train station

0.59 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £375,000

September 3, 2024

Floor Plans

Description

AN ATTRACTIVE 1980'S FOUR BEDROOM DETACHED HOUSE OFFERING GREAT POTENTIAL TO ADAPT TO SUIT INDIVIDUAL REQUIREMENTS, TUCKED AWAY, APPROACHED OVER ITS OWN PRIVATE DRIVE, IN A MATURE SOUTH WEST FACING GARDEN SETTING, A HALF MILE WALK FROM THE TOWN CENTRE.

AN ATTRACTIVE 1980'S FOUR BEDROOM DETACHED HOUSE OFFERING GREAT POTENTIAL TO ADAPT TO SUIT INDIVIDUAL REQUIREMENTS, TUCKED AWAY, APPROACHED OVER ITS OWN PRIVATE DRIVE, IN A MATURE SOUTH WEST FACING GARDEN SETTING, A HALF MILE WALK FROM THE TOWN CENTRE.

Summary - Entrance Porch, Reception Hall, Cloakroom, Living Room, Dining Room, Kitchen/Breakfast Room, Landing, Principle Bedroom with Ensuite Shower Room, Three Further Bedrooms, Bathroom, Gas Central Heating, uPVC Double Glazed Windows, Integral Garage, Car Parking Space, Gardens.

Description - This detached house was built in 1988 of brick under a tiled roof, on the former Nantwich tennis club grass courts. The house has been well maintained over the years yet there is also scope for the new owners to put their own stamp on the house with further modernisation and enhancement in certain areas. However, this is a property not about what it is now but, because of its superb position and large gardens, rather more of what it could be. It will be a hugely exciting house to be enlarged and customised, subject to planning permission.

Location And Amenities - Penlington Court has always proved to be a sought after residential locality. The historic market town of Nantwich is within immediate walking distance via pedestrian access via Penlington Court into Millstone Lane, Beam Street and onto the Square. There is also a bus stop within Millstone Lane. Nantwich is a charming market town set beside the River Weaver with a rich history, wide range of speciality shops and four supermarkets. The larger centre of Crewe with its intercity railway links (London Euston 90 minutes, Manchester 40 minutes) is 4 miles and Junction 16 of the M6 motorway 10 miles. Chester 20 miles, Stoke on Trent 20 miles, Manchester Airport is about a 45 minute drive. There are excellent schools, both primary and secondary close by.

Directions - Head North East on Beam Street towards Pepper Street, continue straight on into Park View, turn right onto Birchin Lane, second right onto Mount Drive, turn right onto Penlington Court, bear left. the entrance of No. 27 is on the left hand side, just before No. 29.

The Accomodation - With approximate measurements comprises:

Entrance Porch -

Reception Hall - 5.03m x 1.83m (16'6" x 6'0") - Wood laminate floor, understairs store, radiator.

Cloakroom - Cream coloured suite comprising low flush W/C and hand basin, fully tiled walls, radiator.

Living Room - 5.03m x 3.35m (16'6" x 11'0") - Timber fire surround with composite marble inset and hearth, double glazed bow window, ceiling cornices, wood laminate floor, archway to dining room, radiator.

Dining Room - 2.69m x 2.59m (8'10" x 8'6") - Double glazed sliding patio windows to rear garden, wood laminate floor, radiator.

Kitchen/Breakfast Room - 5.38m x 2.64m (17'8" x 8'8") - Stainless steel one and half bowl single drainer sink unit, cupboards under, floor standing cupboard and drawer units with worktops, wall cupboards, breakfast bar, Whirlpool oven and four burner gas hob unit with extractor hood above, integrated dishwasher, uPVC double glazed window and French doors to rear garden, door to garage, plumbing for washing machine, Main gas central heating boiler, radiator.

Stairs From Reception Hall To First Floor Landing - 2.82m x 1.88m (9'3" x 6'2") - Linen cupboard, access to loft.

Principle Bedroom - 4.65m x 2.62m (15'3" x 8'7") - Wood laminate floor, ceiling cornices, radiator.

Ensuite Shower Room - 2.44m x 1.68m (8'0" x 5'6") - White suite comprising low flush W/C and vanity unit with inset hand basin, tiled shower cubicle with Triton shower, wood laminate floor, fully tiled walls.

Bedroom No. 2 - 3.78m x 3.28m (12'5" x 10'9") - Ceiling cornices, radiator.

Bedroom No. 3 - 3.91m x 3.12m (12'10" x 10'3") - Ceiling cornices, radiator.

Bedroom No. 4 - 3.10m x 2.13m (10'2" x 7'0") - Ceiling cornices, radiator.

Bathroom - 2.29m x 1.68m (7'6" x 5'6") - Cream coloured suite comprising panel bath with Triton shower over, pedestal hand basin and low flush W/C, fully tiled around bath, shaver point, radiator.

Outside - Integral GARAGE 18'8" x 8'8" up and over door, power and light. Car parking space. The house is approached over its own sweeping, hedge lined, tarmacadam drive. Outside tap, exterior lighting. The gardens extend to the front, side and rear. The principle rear and side gardens enjoys a South Westerly aspect and are lawned with specimen trees and a flagged patio.

Services - All mains services are connected to the property.
N.B. Tests have not been made of electrical, water, gas, 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.

Council Tax - Band D.

Tenure - Freehold with vacant possession on completion.

Viewings - By appointment with Baker Wynne & Wilson

Agent Details

Baker Wynne & Wilson, Nantwich

01270 433241

Next Steps?

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