3 Bed Terraced House, Refurb/BRRR, Nantwich, CW5 5QA, £169,500

47 Cowfields, Nantwich, CW5 5QA - 2 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+9 photos

ValuationFair Value

Sold Prices£113K - £360K
Sold Prices/m²£1.4K/m² - £5.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£172,890

 

 

End Value (After Refurb)

£223,864

Uplift in Value

+32%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,375

Stamp Duty & Legal Fees

£6,285

Refurb Costs

£37,883

Bridging Loan Interest

£4,449

Total Cash In

£92,742

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£223,864

Mortgage (After Refinance)

£167,898

Mortgage LTV

75%

Cash Released

£40,773

Cash Left In

£51,969

Equity

£55,966

Rent Range

£925 - £1,500

Rent Estimate

£1,158

Running Costs/mo

£951

Cashflow/mo

£207

Cashflow/yr

£2,482

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £113K to £360K, average is £218K. £1.4K/m² to £5.4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£177.5K12/220.03 mi65, James Hall Street, Nantwich, Cheshire East CW5 5QE3
£113K01/210.05 mi30, Albert Street, Nantwich, Cheshire East CW5 5QD3
£167.5K12/220.06 mi59, James Hall Street, Nantwich, Cheshire East CW5 5QE3
£213.7K08/230.07 mi86, Weaver Road, Nantwich, Cheshire East CW5 5NP3
£168K05/210.08 mi21, Bowyer Avenue, Nantwich, Cheshire East CW5 5PS3
£215K07/230.08 mi18, Volunteer Fields, Nantwich, Cheshire East CW5 5PP3
£173K02/210.11 mi7, Volunteer Avenue, Nantwich, Cheshire CW5 5PR3
£195K09/210.13 mi22, Manor Road, Nantwich, Cheshire East CW5 5NS3
£170K04/210.18 mi6, Wallfields Close, Nantwich, Cheshire East CW5 5HY3
£180K09/210.18 mi15, Wallfields Road, Nantwich, Cheshire CW5 5NT3
£159.1K01/210.19 mi52, Barony Road, Nantwich, Cheshire East CW5 5QL3
£247.5K03/210.21 mi12, The Crescent, Nantwich, Cheshire East CW5 5ND3
£285K04/210.26 mi81, Barony Road, Nantwich, Cheshire East CW5 5QP3
£167K02/210.27 mi19, Scaife Road, Nantwich, Cheshire East CW5 5TS3
£260K03/210.27 mi4, Scaife Road, Nantwich, Cheshire East CW5 5TS3
£208K05/230.27 mi70, Manor Road North, Nantwich, Cheshire East CW5 5NW3
£218K03/230.28 mi22, Alvaston Road, Nantwich, Cheshire East CW5 5TT3
£360K11/220.29 mi90, Millstone Lane, Nantwich, Cheshire East CW5 5PE3
£340K02/210.31 mi93, Millstone Lane, Nantwich, Cheshire CW5 5PH3
£207.5K12/200.32 mi4, Birchwood Drive, Nantwich, Cheshire CW5 6HR3
£350K12/220.33 mi45, South Crofts, Nantwich, Cheshire East CW5 5SG3
£310.5K02/210.34 mi2, Penlington Court, Nantwich, Cheshire CW5 6SB3
£205K06/210.34 mi11, Holland Walk, Nantwich, Cheshire CW5 5US3
£188K05/210.34 mi9, Holland Walk, Nantwich, Cheshire CW5 5US3
£187.5K09/210.35 mi4, Carter Close, Nantwich, Cheshire CW5 5GD3
£218K11/220.35 mi28, Carter Close, Nantwich, Cheshire East CW5 5GD3
£290K06/210.35 mi12, Birchwood Drive, Nantwich, Cheshire CW5 6HR3
£240K11/200.36 mi102, Birchin Lane, Nantwich, Cheshire East CW5 6ES3
£257.5K01/210.36 mi39, Brereton Drive, Nantwich, Cheshire East CW5 6HE3
£245K11/200.37 mi1, Rookery Close, Nantwich, Cheshire CW5 5SJ3
£255K12/200.37 mi42, Mount Close, Nantwich, Cheshire East CW5 6JJ3
£200K01/210.37 mi8, Mount Close, Nantwich, Cheshire CW5 6JJ3
£187.4K11/200.37 mi27, Millstone Lane, Nantwich, Cheshire CW5 5PG3
£239.9K09/210.37 mi9, Imperial Court, Nantwich, Cheshire CW5 5GN3
£215K03/210.37 mi97, Hospital Street, Nantwich, Cheshire East CW5 5RU3
£200K04/230.39 mi95, Hospital Street, Nantwich, Cheshire East CW5 5RU3
£136K05/230.39 mi99, Hospital Street, Nantwich, Cheshire East CW5 5RU3
£353K01/230.39 mi4, Brereton Drive, Nantwich, Cheshire East CW5 6HF3
£301K06/210.39 mi10, Brereton Drive, Nantwich, Cheshire East CW5 6HF3
£205K12/200.4 mi6, Morgan Walk, Nantwich, Cheshire CW5 5UQ3
£255K11/200.4 mi7, Mount Close, Nantwich, Cheshire East CW5 6JJ3
£205K05/230.4 mi5, Morgan Walk, Nantwich, Cheshire East CW5 5UQ3
£280K04/210.4 mi1, Whitehouse Lane, Nantwich, Cheshire East CW5 6HG3
£245K10/200.4 mi39, Whitehouse Lane, Nantwich, Cheshire East CW5 6HG3
£230K02/210.42 mi11, The Broadway, Nantwich, Cheshire CW5 6JH3
£320K11/220.42 mi4, Highfield Drive, Nantwich, Cheshire East CW5 6EU3
£300K01/230.42 mi39, Crewe Road, Nantwich, Cheshire East CW5 6HX3
£325K02/230.42 mi18, Middlewich Road, Nantwich, Cheshire East CW5 6HL3
£270K06/210.42 mi4, Highfield Drive, Nantwich, Cheshire East CW5 6EU3
£280K02/210.43 mi22, Ray Avenue, Nantwich, Cheshire CW5 6HJ3

Local Rents

11 rents from £925/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20012/240.22 miMaisterson Court, Nantwich, Cheshire, CW53
£94012/240.3 mi-3
£1,17502/250.3 mi-3
£92512/240.35 miSecond Wood Street, Nantwich, Cheshire3
£95012/240.35 miBirchwood Drive, Nantwich3
£1,20012/240.42 miPratchitts Row, Nantwich3
£95012/240.43 miMonck Drive, CW53
£1,10012/240.44 miChurches Court, Nantwich3
£1,50012/240.46 miRiverside, Nantwich, Cheshire, CW5 5HT3
£1,10012/240.49 miKings Court Welsh Row, Nantwich, Cheshire, CW5 5DY3
£1,00003/250.59 mi-3

Local Area Statistics

Population in CW5

29,323

Town centre distance

0.33 miles away

Nearest school

0.10 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £169,500

September 13, 2024

Floor Plans

Description

AN INTERESTING DOULBE FRONTED TOWNHOUSE STYLE SET IN A BACKWATER LOCALITY WITH IMMEDIATE ACCESS TO THE TOWN CENTRE.
STREET PARKING. DOUBLE GLAZED.

NO CHAIN.

AN INTERESTING DOULBE FRONTED TOWNHOUSE STYLE SET IN A BACKWATER LOCALITY WITH IMMEDIATE ACCESS TO THE TOWN CENTRE.
STREET PARKING. DOUBLE GLAZED.

NO CHAIN.

Summary - Sitting Room, Kitchen, Living Room, Rear Entrance Hall, Store Room, Utility Room. First Floor: Three Bedrooms and Bathroom. Wall Garden towards the Rear.

Directions - Proceed from Nantwich along Beam Street past the library to the traffic lights, turn left into Barony Road, first left into Arnold Street, proceed down here to the cross roads and turn left into Cowfields and the property will be seen on the right.
Note: Pedestrian access will be available from Cowfields and then onto Beam Street opposite the library.

Location & Amenities - This historic market town offers a fine selection of renowned local retailers and brand names stores such as M&S Food store, Aldi, Morrison's, WHSmiths. Day to day facilities are available at the Premier Inn shop on the corner of Arnold Street and Cowfields. Primary education is located at Manor Road, Nantwich Academy which is a feeder school to Malbank High School/Sixth Form College.

Description - The property is traditional brick construction under a slate roof. The property has an interesting history formally being a shop some years ago and the present family having created a three bedroom, double fronted residential property. Over the years certain modernisation has been undertaken such as the installation of uPVC double glazing but the whole would now benefit from some modern day improvements particularly in the kitchen and bathroom areas. The property does offer tremendous potential for any prospective purchaser wishing to create their own family home.

Accommodation - With approximate measurements comprises:

Living Room - 3.68m x 3.45m (12'1" x 11'4") - Gas fire with feature fireplace and hearth, double glazed window, front door. Leads to the kitchen.

Kitchen - 3.58m x 2.59m (11'9" x 8'6") - Stainless steel sink unit, cupboards and drawers, gas cooker, half tiled walls, pine clad ceiling, access to the main living room.

Sitting Room - 7.37m x 3.45m (24'2" x 11'4") - With fitted gas fire, double glazed window to front.

Rear Entance Hall - 3.40m x 2.18m (11'2" x 7'2") -

Separte W/C - Quarry tiled floor.

Store Room -

Utility Room - 3.25m x 2.08m (10'8" x 6'10") - Double glazed window, plumbing for washing machine.

Stairs To First Floor Landing - With linen cupboard.

Bedroom - 3.81m x 3.40m (12'6" x 11'2") - Double glazed window.

Bedroom - 3.43m x 2.92m (11'3" x 9'7") - Double glazed window.

Bedroom - 3.66m x 3.35m (12'0" x 11'0") - Double glazed window.

Bathroom - 3.35m x 3.18m (11'0" x 10'5") - Comprising of panel bath with Triton shower over, pedestal wash basin, low level W/C, half tiled walls, double glazed window.

Outside - To the rear there is a pathway that leads to a pleasant walled, Westerly facing rear lawned area with borders.

Services - All mains services.
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.

Council Tax - Band B.

Tenure - Freehold

Viewings - By appointment with Baker, Wynne & Wilson
38 Pepper Street, Nantwich,
Tel.

Agent Details

Baker Wynne & Wilson, Nantwich

01270 433241

Next Steps?

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