3 Bed Detached House, Refurb/BRRR, Warrington, WA4 2LR, £425,000

Cross Lane, Grappenhall, Warrington, WA4 2LR - 6 months ago

Sold STC
Refurb/BRRR
~132 m²
+9 photos

ValuationOvervalued

Sold Prices£85K - £580K
Sold Prices/m²£955/m² - £5.8K/m²

 

 

Square Metres

~131.77 m²
Price/m²£3.2K/m²

Value Estimate

£350,335

 

 

End Value (After Refurb)

£374,995

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£31,200

Refurb Costs

£55,827

Bridging Loan Interest

£11,156

Total Cash In

£206,183

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£374,995

Mortgage (After Refinance)

£281,246

Mortgage LTV

75%

Cash Left In

£206,183

Equity

£93,749

Rent Range

£950 - £1,850

Rent Estimate

£1,285

Running Costs/mo

£1,449

Cashflow/mo

£-164

Cashflow/yr

£-1,966

Gross Yield

4%

Local Sold Prices

50 sold prices from £85K to £580K, average is £290K. £955/m² to £5.8K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£400K03/230.02 mi25, Cross Lane, Grappenhall, Warrington WA4 2LR3
£227.7K05/210.02 mi6, Barton Avenue, Grappenhall, Warrington WA4 2LE3
£232.5K06/210.03 mi6, Cross Lane, Grappenhall, Warrington WA4 2LW3
£245K11/200.03 mi14, Barton Avenue, Grappenhall, Warrington WA4 2LE3
£222K06/210.07 mi30, Martham Close, Grappenhall, Warrington WA4 2LU3
£315K09/230.07 mi359, Thelwall New Road, Grappenhall, Warrington WA4 2LS3
£305K09/210.07 mi377, Thelwall New Road, Grappenhall, Warrington WA4 2LS3
£267.5K02/210.07 mi349, Thelwall New Road, Grappenhall, Warrington WA4 2LS3
£370K12/200.07 mi325, Thelwall New Road, Grappenhall, Warrington WA4 2LS3
£310K01/230.08 mi29, Cawthorne Avenue, Grappenhall, Warrington WA4 2LP3
£221K08/210.08 mi43, Cawthorne Avenue, Grappenhall, Warrington WA4 2LP3
£230K07/210.09 mi353, Thelwall New Road, Grappenhall, Warrington WA4 2LS3
£225K03/210.11 mi365, Thelwall New Road, Grappenhall, Warrington WA4 2LS3
£330K10/230.12 mi58, Knutsford Road, Grappenhall, Warrington WA4 2PB3
£299.9K08/210.12 mi14, Mayfield Road, Grappenhall, Warrington WA4 2NP3
£250K08/230.12 mi49, Mayfield Road, Grappenhall, Warrington WA4 2NP3
£279.9K12/200.16 mi4, Heathfield Park, Grappenhall, Warrington WA4 2LA3
£320K09/210.16 mi12, Heathfield Park, Grappenhall, Warrington WA4 2LA3
£325K08/230.17 mi23a, Higher Knutsford Road, Stockton Heath, Warrington WA4 2JS3
£286.5K01/230.18 mi43, Dover Road, Warrington WA4 1NB3
£158K11/200.18 mi59, Dover Road, Latchford, Warrington WA4 1NB3
£250K07/230.18 mi88, Knutsford Road, Grappenhall, Warrington WA4 2PJ3
£402K03/230.19 mi48, Middlehurst Road, Grappenhall, Warrington WA4 2LG3
£366.5K03/230.19 mi46, Middlehurst Road, Grappenhall, Warrington WA4 2LG3
£230K12/200.2 mi73, Knutsford Road, Grappenhall, Warrington WA4 2NS3
£310K08/210.2 mi22, Kildonan Road, Grappenhall, Warrington WA4 2LJ3
£260K02/210.21 mi30, Kildonan Road, Grappenhall, Warrington WA4 2LJ3
£263.8K04/240.22 mi36, Windsor Drive, Grappenhall, Warrington WA4 2NU3
£256K01/210.22 mi27, Windsor Drive, Grappenhall, Warrington WA4 2NU3
£350K06/230.22 mi54, Windsor Drive, Grappenhall, Warrington WA4 2NU3
£85K03/210.25 mi10, Ottawa Gardens, Latchford, Warrington WA4 1AD3
£580K12/200.26 mi11, Hunts Lane, Stockton Heath, Warrington WA4 2DU3
£247K04/230.26 mi382, Thelwall Lane, Warrington WA4 1NJ3
£420K11/200.26 mi19, Clarence Road, Grappenhall, Warrington WA4 2PH3
£290K09/230.26 mi7, Clarence Road, Grappenhall, Warrington WA4 2PH3
£140K04/210.26 mi15, Nook Lane, Warrington WA4 1NT3
£165K10/230.26 mi37, Nook Lane, Warrington WA4 1NT3
£374K08/230.27 mi28, Clarence Road, Grappenhall, Warrington WA4 2PQ3
£277K07/230.28 mi19, Waterfront Drive, Latchford, Warrington WA4 1GH3
£318K10/230.28 mi118, Knutsford Road, Grappenhall, Warrington WA4 2PW3
£335K11/210.29 mi11, Alexandra Road, Grappenhall, Warrington WA4 2EL3
£575K11/230.29 mi28, Hunts Lane, Stockton Heath, Warrington WA4 2DT3
£323K12/220.3 mi30, St Annes Avenue, Grappenhall, Warrington WA4 2PL3
£315K10/210.31 mi56, St Annes Avenue, Grappenhall, Warrington WA4 2PL3
£340K12/200.31 mi10, York Road, Grappenhall, Warrington WA4 2LQ3
£245K04/210.31 mi67, St Annes Avenue, Grappenhall, Warrington WA4 2PL3
£273K07/230.31 mi27, Poynton Close, Grappenhall, Warrington WA4 2NG3
£325K03/210.31 mi10, Poynton Close, Grappenhall, Warrington WA4 2NG3
£290K06/210.31 mi9, Beechfield Road, Grappenhall, Warrington WA4 2LH3
£330K12/200.31 mi5, Beechfield Road, Grappenhall, Warrington WA4 2LH3

Local Rents

19 rents from £950/mo to £1.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,75010/240.4 miThe Timbers3
£1,75010/240.4 miStation Road, Warrington, Cheshire, WA43
£1,00002/250.46 mi-3
£1,25010/240.51 miShadewood Crescent, Grappenhall, Warrington3
£1,85010/240.52 miStation Road, Warrington, Cheshire, WA43
£1,10010/240.55 miGrange Avenue, Warrington, WA43
£1,10010/240.59 miRock Road, Warrington, Cheshire, WA43
£97510/240.61 miKingsway South, Warrington3
£95010/240.62 miMorris Avenue, Warrington3
£1,40010/240.63 miGlebe Avenue, Warrington3
£1,50010/240.63 miGlebe Avenue, Grappenhall, Warrington3
£95010/240.79 miFrederick Street3
£1,30011/240.86 mi-3
£1,35010/240.9 miThelwall, Warrington3
£99510/240.96 miKnutsford Road, WA43
£1,40010/240.97 miWinterbourne Gardens, Grappenhall Heys, Warrington, WA43
£1,30003/251.09 mi-3
£1,20010/241.18 miBeverley Avenue, Appleton, Warrington3
£1,29510/241.22 miGuernsey Close, Warrington, Cheshire, WA43

Local Area Statistics

Population in WA4

46,997

Population in Warrington

215,344

Town centre distance

1.83 miles away

Nearest school

0.40 miles away

Nearest train station

1.87 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £425,000

September 19, 2024

Floor Plans

Description

  • No Chain +
  • Three Reception Rooms +
  • Three Bedrooms +
  • Ample Potential +
  • Great Area +
  • Driveway Parking +
  • Lovely Garden +
  • Close to Local Schools +
  • Great Walks Nearby +
  • Ample Storage +

Welcome to this CHARMING detached house located on Cross Lane in the sought-after area of Grappenhall, close to LOCAL SCHOOLS and amenities. This property boasts THREE reception rooms, THREE bedrooms and AMPLE space for comfortable living. With GREAT POTENITAL for modernisation, this house offers you the opportunity to put your own stamp on it and create the home of your dreams.

Description - Welcome to this charming detached house located on Cross Lane in the sought-after area of Grappenhall, close to local schools and amenities. This property boasts three reception rooms, three bedrooms and ample space for comfortable living. With great potential for modernisation, this house offers you the opportunity to put your own stamp on it and create the home of your dreams.

Access to this family home is via a porch leading straight into the hallway. The ground floor boasts ample living space including a light and airy family room, a spacious lounge and a separate dining room. The kitchen is set to the back of the property and allows access into the garden.

To the first floor you are presented with three spacious bedrooms and a family bathroom. Bedroom two celebrates integrated wardrobes.

This home sits on a fantastic plot and is the perfect opportunity to modernise in a sought after location.

Please note:
The proerpty is currently un registered, but the solicitor has confirmed the property is Freehold, and this will be registered throughout the conveyancing process

Garden - Leading from the kitchen, the lovely garden is surrounded by mature shrubbery and flower beds, making this is a wonderful space for all the family to enjoy. There is also a detached garage along with two outer buildings offering fantastic storage solutions. To the front of the property is a driveway suitable for multiple cars and on road parking is available.

Summary Of Accommodation - GROUND FLOOR
• 1.60m x 1.28m Porch
• 4.95m x 3.42m Lounge
• 4.50m x 3.74m Family Room
• 4.52m x 3.42m Dining Room
• 2.50m x 3.74m Kitchen

FIRST FLOOR
• Landing
• 4.95m x 3.42m Bedroom One
• 4.50m x 3.74m Bedroom Two
• 3.77m x 3.42m Bedroom Three
• 2.50m x 3.74m Bathroom

• 5.50m x 2.78m Garage
• 2.37m x 1.90m Storage One
• 2.40m x 1.16m Storage Two

Services - • Gas Central Heating
• Mains connected: Gas, Electric, Water
• Drainage: Mains
• Broadband Availability: Up to 264Mb (Via Virgin)

Location - Grappenhall - This leafy suburb is located alongside the Bridgewater canal and just a stone’s throw from the vibrant village of Stockton Heath. The area is surrounded by beautiful Cheshire countryside and scenic canals, meaning residents are spoilt for choice when it comes to walking routes.
The village was first listed in the Domesday Book and is home to St Wilfrid’s Church which features a cat carving on the tower façade. Legend has it that this was the inspiration behind Lewis Carroll’s Cheshire Cat in Alice’s Adventures in Wonderland.
Despite it’s semi-rural setting, Grappenhall benefits from a great range of shops, restaurants and coffee houses. The area also boasts a great selection of schools which are consistently reviewed as outstanding, making it an ideal area for families.

Distances - • Grappenhall Village 1 mile walk
• Stockton Heath 2 mile walk
• Warrington Town Centre 4 miles
• Manchester Airport 14 miles via M56
• Manchester City Centre 24 miles via M56
• Liverpool City Centre 27 miles via M62

(Distances quoted are approximate)

Agent Details

Mark Antony Estates, Warrington

01925 361636

Next Steps?

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