2 Bed Flat, Single Let, Nantwich, CW5 5UF, £125,000

Mytton Drive, Nantwich, Cheshire, CW5 5UF - 2 views - 6 months ago

Leasehold
BTL
ROI: 5%
~59 m²
+10 photos

ValuationOvervalued

Sold Prices£61K - £295K
Sold Prices/m²£776/m² - £3.9K/m²

 

 

Square Metres

~59.27 m²
Price/m²£2.1K/m²

Value Estimate

£121,810

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£7,450

Total Cash In

£38,700

 

 

Cash Out

 

Rent Range

£695 - £2,000

Rent Estimate

£730

Running Costs/mo

£557

Cashflow/mo

£173

Cashflow/yr

£2,081

ROI

5%

Gross Yield

7%

Local Sold Prices

41 sold prices from £61K to £295K, average is £124K. £776/m² to £3.9K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£120K11/200.01 mi30, Mytton Drive, Nantwich, Cheshire CW5 5UF2
£95K10/200.01 mi54, Mytton Drive, Nantwich, Cheshire CW5 5UF2
£95K10/200.01 mi54, Mytton Drive, Nantwich, Cheshire CW5 5UF2
£115K05/210.03 mi36, Mytton Drive, Nantwich, Cheshire CW5 5UF2
£125K07/210.04 mi11, Monck Drive, Nantwich, Cheshire CW5 5UP2
£104K05/210.06 mi43, Tyldesley Way, Nantwich, Cheshire CW5 5UE2
£115K02/230.06 mi43, Tyldesley Way, Nantwich, Cheshire East CW5 5UE2
£122K11/220.11 mi9, Lambert Crescent, Nantwich, Cheshire East CW5 5UH2
£120K07/230.11 mi23, Lambert Crescent, Nantwich, Cheshire East CW5 5UH2
£119K02/230.11 mi25, Lambert Crescent, Nantwich, Cheshire East CW5 5UH2
£125.5K09/220.11 mi57, Lambert Crescent, Nantwich, Cheshire East CW5 5UH2
£110K02/210.11 mi69, Lambert Crescent, Nantwich, Cheshire CW5 5UH2
£112K10/220.13 mi51, Lambert Crescent, Nantwich, Cheshire East CW5 5UH2
£295K06/230.19 miFlat 4, The Old Constabulary, Welsh Row, Nantwich, Cheshire East CW5 5ET2
£67.5K08/210.22 mi7, Siddals Court, Nantwich, Cheshire CW5 5GH2
£125K04/230.22 mi21, Siddals Court, Nantwich, Cheshire East CW5 5GH2
£61K03/210.22 mi11, Siddals Court, Nantwich, Cheshire East CW5 5GH2
£123.5K03/210.23 mi10, Sutton Close, Nantwich, Cheshire CW5 5GF2
£161.3K09/220.23 mi12, Sutton Close, Nantwich, Cheshire East CW5 5GF2
£131K09/220.4 mi8, Kensington Court, Nantwich, Cheshire East CW5 5GE2
£120K03/230.43 miFlat 14, Mill House, Queens Drive, Nantwich, Cheshire East CW5 5BX2
£127K03/230.45 mi40, Davenport Avenue, Nantwich, Cheshire East CW5 5QJ2
£155K07/210.45 miApartment 7, Chatterton House, Church Lane, Nantwich, Cheshire CW5 5RQ2
£130K08/210.53 miApartment 28, Cromwell Court, Beam Street, Nantwich, Cheshire CW5 5NZ2
£175K11/200.54 mi4, Rectory Close, Nantwich, Cheshire East CW5 5SW2
£115K11/200.54 mi10, Rectory Close, Nantwich, Cheshire CW5 5SW2
£131.5K09/210.54 mi28, Gerard Drive, Nantwich, Cheshire East CW5 5JT2
£163K09/220.55 mi93, Barony Road, Nantwich, Cheshire East CW5 5QP2
£118K06/230.61 mi135, Blagg Avenue, Nantwich, Cheshire East CW5 5JZ2
£92K06/210.61 mi109, Blagg Avenue, Nantwich, Cheshire East CW5 5JZ2
£155K09/220.62 miApartment 10, Sleepers Point, Pillory Street, Nantwich, Cheshire East CW5 5SS2
£200K12/200.73 mi1, Nuthurst Gardens, Nantwich, Cheshire CW5 5RS2
£120K01/230.78 miApartment 3, The Gatehouse, Hastings Road, Nantwich, Cheshire East CW5 6GN2
£125K10/220.78 mi10, Whitewell Close, Nantwich, Cheshire East CW5 6LY2
£142.8K01/230.78 mi16, Whitewell Close, Nantwich, Cheshire East CW5 6LY2
£140K05/230.82 mi55, Hastings Road, Nantwich, Cheshire East CW5 6GL2
£124K04/210.82 mi49, Hastings Road, Nantwich, Cheshire East CW5 6GL2
£138.5K11/200.85 mi45, Newhaven Court, Nantwich, Cheshire CW5 6LF2
£137K12/200.85 mi42, Newhaven Court, Nantwich, Cheshire CW5 6LF2
£112K02/230.85 mi39, Newhaven Court, Nantwich, Cheshire East CW5 6LF2
£128K12/220.85 mi21, Newhaven Court, Nantwich, Cheshire East CW5 6LF2

Local Rents

17 rents from £695/mo to £2K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£77512/240.06 miTyldesley Way, Kingsley Village, Nantwich2
£75012/240.06 miTyldesley Way, Nantwich2
£87512/240.21 miNixons Row, Nantwich2
£70012/240.27 miWall Lane, Nantwich2
£80012/240.37 miHigh Street, Nantwich, CW52
£70002/240.45 mi-2
£97503/250.52 mi-2
£69512/240.52 miPillory Street, Nantwich2
£75012/240.53 miNantwich, Cheshire, CW52
£75012/240.53 miArnold Street, Nantwich2
£75012/240.55 miBarony Road, Nantwich2
£80012/240.55 miBarony Road, Nantwich2
£85012/240.57 mi-2
£87502/250.57 mi-2
£85012/240.57 miBarony Court, Nantwich, CW52
£2,00012/240.58 miBarony Road, Nantwich2
£87512/240.58 miWeaver House, Nantwich, Cheshire, CW5 5GT2

Local Area Statistics

Population in CW5

29,323

Town centre distance

0.55 miles away

Nearest school

0.20 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £125,000

September 30, 2024

Floor Plans

Description

  • Top Floor Apartment +
  • 2 Double Bedrooms +
  • Good Sized Open Plan Living Room +
  • Separate Kitchen Area +
  • Allocated Parking Space +
  • Close To Local Amenities +
  • Tenanted at £730pcm till April 26 +
  • Let and Managed by Leaders +
  • Council Tax Band B +

Introducing a fantastic investment opportunity in the heart of Nantwich. This second floor apartment boasts a spacious open plan living room, a separate kitchen area, and two double bedrooms, all spread across 638sqft of well-maintained living space. The property is currently tenanted through Leaders at £730pcm, providing a ready-made rental income for the savvy investor.

Located in the popular residential area of Kingsley Village Estate and within walking distance of the historic market town centre of Nantwich, this property offers easy access to the rail station, making it an ideal choice for tenants seeking convenience and charm. Nearby the River Weaver and Shropshire Union Canal adds a touch of greenery and serenity to the neighbourhood, creating a desirable setting for renters.

Included with this property is one allocated parking space and two visitor spaces, ensuring hassle-free parking for both tenants and guests. This private treaty sale presents a unique opportunity for Buy To Let landlords and investors to add a high-quality property to their portfolio.

Don't miss out on this well-looked-after property in a prime location. Arrange a viewing today and secure your investment in the vibrant town of Nantwich.

Leasehold: 976 Years Remaining
Service Charge: £1,196 per Annum
Ground Rent: £80 per Annum
Council Tax Band: B

To arrange a viewing or for more information please call Leaders at your earliest convenience!

Agent Details

Leaders Sales, Crewe

01270 433550

Next Steps?

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