3 Bed Semi-Detached House, Refurb/BRRR, Nantwich, CW5 5JS, £259,500

25 Lea Drive, Nantwich, Cheshire, CW5 5JS - 4 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~98 m²
+10 photos

ValuationOvervalued

Sold Prices£136K - £450K
Sold Prices/m²£1.7K/m² - £4.1K/m²

 

 

Square Metres

~97.70 m²
Price/m²£2.7K/m²

Value Estimate

£248,285

 

 

End Value (After Refurb)

£256,403

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£64,875

Stamp Duty & Legal Fees

£17,150

Refurb Costs

£39,797

Bridging Loan Interest

£6,812

Total Cash In

£130,384

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£256,403

Mortgage (After Refinance)

£192,302

Mortgage LTV

75%

Cash Left In

£130,384

Equity

£64,101

Rent Range

£925 - £2,750

Rent Estimate

£1,153

Running Costs/mo

£1,052

Cashflow/mo

£101

Cashflow/yr

£1,214

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £136K to £450K, average is £219.5K. £1.7K/m² to £4.1K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£228K11/200.03 mi11, Lea Drive, Nantwich, Cheshire East CW5 5JS3
£252.5K03/210.04 mi8, Gerard Drive, Nantwich, Cheshire East CW5 5JR3
£237.5K04/210.11 mi1, Beatty Road, Nantwich, Cheshire CW5 5JP3
£255K08/230.11 mi18, Beatty Road, Nantwich, Cheshire East CW5 5JP3
£237.5K04/210.12 mi1, Beatty Road, Nantwich, Cheshire East CW5 5JP3
£187K07/210.13 mi136, Queens Drive, Nantwich, Cheshire East CW5 5LA3
£215K03/210.14 mi137, Marsh Lane, Nantwich, Cheshire East CW5 5LD3
£320K01/230.15 mi104, Queens Drive, Nantwich, Cheshire East CW5 5JJ3
£166.5K04/210.15 mi115, Blagg Avenue, Nantwich, Cheshire CW5 5JZ3
£172K06/210.15 mi119, Blagg Avenue, Nantwich, Cheshire East CW5 5JZ3
£159.5K10/200.15 mi83, Blagg Avenue, Nantwich, Cheshire East CW5 5JZ3
£240K06/230.16 mi76, Queens Drive, Nantwich, Cheshire East CW5 5JH3
£258.5K02/230.17 mi138, Queens Drive, Nantwich, Cheshire East CW5 5LA3
£225K10/210.17 mi208, Queens Drive, Nantwich, Cheshire East CW5 5LA3
£150K03/210.17 mi178, Queens Drive, Nantwich, Cheshire East CW5 5LA3
£220K06/230.17 mi212, Queens Drive, Nantwich, Cheshire East CW5 5LA3
£205K02/210.17 mi193, Queens Drive, Nantwich, Cheshire East CW5 5LB3
£165K05/210.23 mi150, Wyche Avenue, Nantwich, Cheshire East CW5 5HL3
£230K03/210.23 mi75, Saltmeadows, Nantwich, Cheshire CW5 5HF3
£230K10/200.23 mi39, Saltmeadows, Nantwich, Cheshire CW5 5HF3
£331.5K06/210.27 mi29, Marsh Lane, Nantwich, Cheshire CW5 5HH3
£193K06/230.31 mi80, Welsh Row, Nantwich, Cheshire East CW5 5ET3
£450K04/210.32 mi106, Welsh Row, Nantwich, Cheshire CW5 5EY3
£260K07/210.32 mi48, Shrewbridge Road, Nantwich, Cheshire CW5 5TG3
£300K01/230.34 mi31, Williamson Drive, Nantwich, Cheshire East CW5 5GJ3
£325K02/230.35 mi19, Williamson Drive, Nantwich, Cheshire East CW5 5GJ3
£207K11/210.36 mi5, Capel Way, Nantwich, Cheshire CW5 5UG3
£238K12/200.37 mi28, Shrewbridge Crescent, Nantwich, Cheshire East CW5 5TF3
£205K06/210.46 mi11, Holland Walk, Nantwich, Cheshire CW5 5US3
£188K05/210.46 mi9, Holland Walk, Nantwich, Cheshire CW5 5US3
£199K11/210.47 mi15, Gibson Close, Nantwich, Cheshire CW5 5UN3
£300K12/220.49 mi26, Mytton Drive, Nantwich, Cheshire East CW5 5UF3
£187.5K09/210.49 mi4, Carter Close, Nantwich, Cheshire CW5 5GD3
£218K11/220.49 mi28, Carter Close, Nantwich, Cheshire East CW5 5GD3
£175K08/210.54 mi46, Station View, Nantwich, Cheshire East CW5 7BL3
£205K05/230.55 mi5, Morgan Walk, Nantwich, Cheshire East CW5 5UQ3
£205K12/200.55 mi6, Morgan Walk, Nantwich, Cheshire CW5 5UQ3
£219K04/230.55 mi65, Station View, Nantwich, Cheshire East CW5 7BJ3
£282.5K04/230.55 mi23, Hillfield Place, Nantwich, Cheshire East CW5 7BY3
£220K06/210.55 mi33, Hillfield Place, Nantwich, Cheshire CW5 7BY3
£200K05/210.59 mi44, Jubilee Gardens, Nantwich, Cheshire CW5 7BS3
£315K01/210.62 mi8, Churches Court, Nantwich, Cheshire CW5 5YN3
£230K01/210.63 mi11, Newbold Way, Nantwich, Cheshire CW5 7AX3
£210K04/230.65 mi11, Whitlow Avenue, Nantwich, Cheshire East CW5 7BN3
£215K03/210.65 mi97, Hospital Street, Nantwich, Cheshire East CW5 5RU3
£215K12/200.65 mi69, The Beeches, Nantwich, Cheshire CW5 5YP3
£326K05/210.65 mi45, The Beeches, Nantwich, Cheshire East CW5 5YP3
£200K04/230.66 mi95, Hospital Street, Nantwich, Cheshire East CW5 5RU3
£136K05/230.66 mi99, Hospital Street, Nantwich, Cheshire East CW5 5RU3
£225K04/210.67 mi17, Pine Walk, Nantwich, Cheshire CW5 7DE3

Local Rents

23 rents from £925/mo to £2.8K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,00003/250.15 mi-3
£95012/240.17 miMarsh Lane, Nantwich, Cheshire, CW5 5LD3
£1,00012/240.23 miRobin Drive, Pear Tree Meadows3
£1,50012/240.28 miRiverside, Nantwich, Cheshire, CW5 5HT3
£1,10012/240.34 miKings Court Welsh Row, Nantwich, Cheshire, CW5 5DY3
£92512/240.4 miSecond Wood Street, Nantwich, Cheshire3
£95012/240.53 miMonck Drive, CW53
£1,20012/240.6 miPratchitts Row, Nantwich3
£1,10012/240.62 miChurches Court, Nantwich3
£1,20012/240.71 miMaisterson Court, Nantwich, Cheshire, CW53
£94012/240.79 mi-3
£1,17502/250.79 mi-3
£95012/240.8 miHaydn Jones Drive, Nantwich3
£2,75012/240.8 mi-3
£1,00012/240.83 miHaydn Jones Drive, Nantwich3
£99512/240.83 miHaydn Jones Drive, Stapeley, Nantwich3
£99512/240.84 miNantwich, Cheshire, CW53
£1,20002/250.86 mi-3
£1,35012/240.91 miCavalier Road, Henhull, Nantwich, Cheshire, CW5 6ZB3
£95012/241.01 miBirchwood Drive, Nantwich3
£1,00012/241.02 miTalbot Way, Nantwich3
£1,29512/241.03 miThomas Aston Place, Henhull, Nantwich, Cheshire, CW5 6ZD3
£1,00012/241.22 miComberbach Drive, Nantwich3

Local Area Statistics

Population in CW5

29,323

Town centre distance

0.58 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £259,500

December 20, 2024

Floor Plans

Description

AN ATTRACTIVE, TRADITIONAL STYLE SEMI DETACHED PROPERTY IN A SOUGHT AFTER, MATURE RESIDENTIAL LOCALITY.
GENEROUS SIZED PLOT. GAS FIRED CENTRAL HEATING
UPVC DOUBLE GLAZING

AN ATTRACTIVE, TRADITIONAL STYLE SEMI DETACHED PROPERTY IN A SOUGHT AFTER, MATURE RESIDENTIAL LOCALITY.
GAS FIRED CENTRAL HEATING
UPVC DOUBLE GLAZING

Summary - Entrance Hall, Lounge/Diner, Kitchen, Three Bedrooms, Bathroom, Separate WC, Parking, Car Port, Brick Built Garage

Directions - From our Nantwich office, proceed along Beam Street towards High Street at the traffic lights continue straight on to Welsh Row, take the second turning on on the left into Queens Drive, third right into Millfields, continue to the crossroads, turn left into Marsh Lane, next left into Lea Drive and the property is situated on the left hand side.

Location And Amenities - The property lies approximately a mile from the historic market town of Nantwich which is renowned for its salt and tanning industry and today contains an excellent range of facilities and amenities including many major brand named stores along with renowned local retailers. This combined with a number of interesting buildings being black and white Grade I and II listed buildings provide a most pleasant living environment.

Approxmiate Distances - Crewe with its fast intercity railway network (London Euston 90 minutes, Manchester 40 minutes) 4 miles, M6 Motorway (Junction 16) 10 miles, Chester 20 miles, Stoke on Trent 20 miles.

Description - The property is of traditional brick construction under a tiled roof occupying a pleasant position enjoying morning and afternoon sun towards the rear. The property is in need of some improvements throughout, particularly in the kitchen and bathroom areas but does offer tremendous potential and scope for the right person to create a home of much merit. The property has the benefit of gas fired central heating, combi boiler and uPVC double glazing. More importantly there is a driveway leading to the car port and a brick built garage towards the rear elevation.

Accommodation - With approximate measurements comprises:

Entrance Hall - Radiator, understairs store.

Living Room And Dining Area - 7.44m x 3.33m to extremes (24'5" x 10'11" to extre - Working feature fireplace, two radiators, duel aspect towards the front and rear, ceiling cornices,

Kitchen - A range of base units, one and half bowl sink unit, cupboards and drawers, matching wall cupboards, four burner gas hob, electric oven, double glazed window, personal door to rear.

Study - 2.51m x 2.21m (8'3" x 7'3") - Wall mounted Baxi combination boiler for central heating and domestic hot water within store cupboard.

Stairs Lead To First Floor Landing - Built in store cupboard.

Bedroom No.1 - 4.29m x 3.12m (14'1" x 10'3") - Double glazed window, radiator.

Bedroom No.2 - 3.63m x 2.87m (11'11" x 9'5") - Double glazed window, radiator.

Bedroom No.3 - 2.72m x 2.41m (8'11" x 7'11") - Double glazed window, radiator.

Bathroom - Panel bath, pedestal wash basin, radiator, part tiled walls, double glazed window.

Seperate Wc - Low flush WC, double glazed window

Outside - The driveway leads to a car port area with a brick built garage with up and over door. The length of the rear garden is some 75 foot which is lawned and has a pathway.

Services - All mains services are connected to the property.
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.

Tenure - FREEHOLD - with vacant possession upon completion

Council Tax - Band C.

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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