3 Bed Terraced House, Refurb/BRRR, Nantwich, CW5 7QQ, £200,000

4 Mill Way, NANTWICH, Cheshire - 3 views - 3 months ago

Auction
Refurb/BRRR
ROI: 2%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£80K - £428.2K
Sold Prices/m²£989/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£224,400
BMV2%

 

 

End Value (After Refurb)

£220,928

Uplift in Value

+0%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£37,883

Bridging Loan Interest

£5,250

Total Cash In

£102,683

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£220,928

Mortgage (After Refinance)

£165,696

Mortgage LTV

75%

Cash Released

£15,696

Cash Left In

£86,987

Equity

£55,232

Rent Range

£925 - £2,750

Rent Estimate

£1,154

Running Costs/mo

£941

Cashflow/mo

£213

Cashflow/yr

£2,554

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £80K to £428.2K, average is £239.5K. £989/m² to £4.1K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£385K06/230.07 mi168, Audlem Road, Nantwich, Cheshire East CW5 7EB3
£260K06/210.16 mi126, Audlem Road, Nantwich, Cheshire East CW5 7EA3
£289.9K12/220.27 mi31, Western Avenue, Nantwich, Cheshire East CW5 7AJ3
£230K09/210.29 mi4, Western Avenue, Nantwich, Cheshire CW5 7AJ3
£210K11/200.3 mi37, Chater Drive, Nantwich, Cheshire CW5 7GH3
£258K02/230.3 mi51, Chater Drive, Nantwich, Cheshire East CW5 7GH3
£286K11/200.32 mi2, Orchard Crescent, Nantwich, Cheshire East CW5 7AN3
£323K11/220.32 mi6, St Albans Drive, Nantwich, Cheshire East CW5 7DW3
£385K11/210.33 mi4, Dutton Way, Nantwich, Cheshire East CW5 7DZ3
£380K12/200.33 mi7, Orchard Crescent, Nantwich, Cheshire East CW5 7AN3
£227K12/200.36 mi13, Delamere Road, Nantwich, Cheshire East CW5 7DL3
£210K04/210.36 mi29, Delamere Road, Nantwich, Cheshire East CW5 7DL3
£260K08/210.37 mi12, Brown Avenue, Nantwich, Cheshire East CW5 7DH3
£250K04/210.37 mi21, Brown Avenue, Nantwich, Cheshire East CW5 7DH3
£264K04/210.37 mi1, Brown Avenue, Nantwich, Cheshire East CW5 7DH3
£215.3K12/200.37 mi9, Brown Avenue, Nantwich, Cheshire East CW5 7DH3
£425K04/230.38 mi13, Weaverside, Nantwich, Cheshire East CW5 7BD3
£180K08/210.38 mi33, Hellath Wen, Nantwich, Cheshire East CW5 7BB3
£243K04/210.39 mi29, The Pike, Nantwich, Cheshire CW5 7AR3
£244K10/200.39 mi25, The Pike, Nantwich, Cheshire East CW5 7AR3
£177K01/210.42 mi71, Haydn Jones Drive, Nantwich, Cheshire CW5 7GG3
£180K02/210.42 mi83, Haydn Jones Drive, Nantwich, Cheshire CW5 7GG3
£228K02/230.43 mi95, Hawksey Drive, Nantwich, Cheshire East CW5 7GF3
£320K11/200.43 mi62, Hawksey Drive, Nantwich, Cheshire East CW5 7GF3
£262K07/230.43 mi44a, Hawksey Drive, Nantwich, Cheshire East CW5 7GF3
£230K06/230.43 mi29, Hawksey Drive, Nantwich, Cheshire East CW5 7GF3
£230K01/210.43 mi11, Newbold Way, Nantwich, Cheshire CW5 7AX3
£239K03/210.45 mi13, Jan Palach Avenue, Nantwich, Cheshire CW5 7DJ3
£240K12/200.45 mi37, Jan Palach Avenue, Nantwich, Cheshire East CW5 7DJ3
£180K08/230.45 mi39, Jan Palach Avenue, Nantwich, Cheshire East CW5 7DJ3
£195K11/210.46 mi15, Pickering Way, Stapeley, Nantwich, Cheshire CW5 7RE3
£225K12/220.46 mi11, Pickering Way, Stapeley, Nantwich, Cheshire East CW5 7RE3
£225K04/210.51 mi17, Pine Walk, Nantwich, Cheshire CW5 7DE3
£261.5K05/230.52 mi35, Chadwicke Close, Stapeley, Nantwich, Cheshire East CW5 7NF3
£165K12/200.52 mi47, Cronkinson Oak, Nantwich, Cheshire CW5 7EF3
£200K12/200.53 mi24, Sherratt Close, Stapeley, Nantwich, Cheshire CW5 7RU3
£250K05/230.56 mi33, Clonners Field, Stapeley, Nantwich, Cheshire East CW5 7GU3
£250K03/230.56 mi31, Clonners Field, Stapeley, Nantwich, Cheshire East CW5 7GU3
£200K05/210.57 mi44, Jubilee Gardens, Nantwich, Cheshire CW5 7BS3
£80K04/210.58 mi10, Cronkinson Avenue, Nantwich, Cheshire CW5 7BP3
£271K12/220.59 mi72, Clonners Field, Stapeley, Nantwich, Cheshire East CW5 7GP3
£210K10/200.6 mi8, Birchall Close, Stapeley, Nantwich, Cheshire East CW5 7SQ3
£232K12/200.61 mi28, Hallams Drive, Nantwich, Cheshire CW5 7RN3
£210K04/230.61 mi11, Whitlow Avenue, Nantwich, Cheshire East CW5 7BN3
£282.5K04/230.63 mi23, Hillfield Place, Nantwich, Cheshire East CW5 7BY3
£220K06/210.63 mi33, Hillfield Place, Nantwich, Cheshire CW5 7BY3
£428.2K11/200.65 mi128, London Road, Stapeley, Nantwich, Cheshire East CW5 7JN3
£219K04/230.66 mi65, Station View, Nantwich, Cheshire East CW5 7BJ3
£345K02/210.67 mi108, London Road, Stapeley, Nantwich, Cheshire CW5 7JL3
£356.8K01/210.67 mi40, London Road, Stapeley, Nantwich, Cheshire East CW5 7JL3

Local Rents

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

RentDateDistanceAddressBeds 
£1,20002/250.32 mi-3
£95012/240.37 miHaydn Jones Drive, Nantwich3
£1,00012/240.4 miTalbot Way, Nantwich3
£1,00012/240.42 miHaydn Jones Drive, Nantwich3
£99512/240.42 miHaydn Jones Drive, Stapeley, Nantwich3
£99512/240.46 miNantwich, Cheshire, CW53
£2,75012/240.53 mi-3
£1,00012/240.59 miComberbach Drive, Nantwich3
£1,10012/240.76 miChurches Court, Nantwich3
£1,20012/240.79 miPratchitts Row, Nantwich3
£1,00012/240.87 miRobin Drive, Pear Tree Meadows3
£94012/240.95 mi-3
£1,17502/250.95 mi-3
£1,20012/241 miMaisterson Court, Nantwich, Cheshire, CW53
£1,50012/241.04 miRiverside, Nantwich, Cheshire, CW5 5HT3
£1,00003/251.05 mi-3
£92512/241.13 miSecond Wood Street, Nantwich, Cheshire3
£95012/241.14 miMarsh Lane, Nantwich, Cheshire, CW5 5LD3
£95012/241.14 miBirchwood Drive, Nantwich3
£1,10012/241.23 miKings Court Welsh Row, Nantwich, Cheshire, CW5 5DY3

Local Area Statistics

Population in CW5

29,323

Town centre distance

0.89 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

Price changed to £200,000

February 20, 2025

Listed for £220,000

January 22, 2025

Floor Plans

Description

Welcome to 4 Mill Way! Nestled in the heart of the historic market town of Nantwich, this 3-bedroom modern terraced house offers an exciting opportunity for those looking to put their personal touch on a home. Although in need of some updating, the property boasts fantastic potential and is the perfect blank canvas for first-time buyers, growing families, or investors seeking a project with considerable promise.

Key Features:

• Three Generously Sized Bedrooms – Bright and spacious rooms offering plenty of flexibility for family living or a home office.

• Living Room – A well-proportioned space ideal for relaxing or entertaining guests, with large windows letting in natural light.

• Kitchen/Dining Area – A functional kitchen space with ample room for renovation, creating the perfect hub for family meals.

• Family Bathroom – A conveinient wet room with scope for modernisation to suit your style and taste.

• Private Rear Garden – a good-sized outdoor space offering great potential for landscaping and outdoor entertainment.

• Garage and Driveway – off-road parking for multiple vehicles and the convenience of an integral garage.

• Great Location – situated in a peaceful yet central position, you’ll be just moments from Nantwich’s historic town centre, with its array of shops, restaurants, and schools.

Local Amenities:

• Schools: excellent primary and secondary schools within walking distance.

• Transport Links: easy access to major road networks, including the A534, and Nantwich Train Station for direct routes to Crewe and Manchester.

• Shops & Restaurants: a short stroll to Nantwich’s bustling town centre, with a wide selection of local shops, cafes, and dining options.

• Recreational: close to parks, leisure facilities, and the picturesque Nantwich Lake.

A Fantastic Opportunity in a prime location!
Whether you're looking to invest, create your dream home, or secure a spacious property in a sought-after area, this house provides the ideal starting point. Don’t miss the chance to turn this property into a stunning home.

Contact us today to arrange a viewing or for more information.

For Sale by Modern Auction - T&Cs apply:

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).

If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The buyer will pay £300 inc VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.

Agent Details

Bridgfords, Crewe

01270 433108

Next Steps?

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