3 Bed Flat, Single Let, Nantwich, CW5 6LF, £150,000

Newhaven Court, Nantwich, Cheshire, CW5 6LF - 1 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£113K - £290K
Sold Prices/m²£1.9K/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£180,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£940 - £2,750

Rent Estimate

£875

Running Costs/mo

£664

Cashflow/mo

£211

Cashflow/yr

£2,535

ROI

6%

Gross Yield

7%

Local Sold Prices

10 sold prices from £113K to £290K, average is £173.5K. £1.9K/m² to £3.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£113K06/230.09 miApartment 5, The Gatehouse, Hastings Road, Nantwich, Cheshire East CW5 6GN3
£260K12/220.3 mi4, Imperial Court, Nantwich, Cheshire East CW5 5GN3
£290K07/210.35 mi1, Mount Close, Nantwich, Cheshire East CW5 6JJ3
£135K10/220.78 miFirst Floor, 175, Queens Drive, Nantwich, Cheshire East CW5 5JJ3
£160K10/220.79 mi41, Byron Walk, Nantwich, Cheshire East CW5 5UT3
£130K07/230.86 mi77, Blagg Avenue, Nantwich, Cheshire East CW5 5JX3
£152K12/220.99 mi23, Siddals Court, Nantwich, Cheshire East CW5 5GH3
£272K12/202.06 mi38, Princess Drive, Wistaston, Crewe, Cheshire CW2 8HS3
£260K12/212.45 mi26, Yew Tree Road, Wistaston, Crewe, Cheshire CW2 8BN3
£187K03/212.93 mi130, Queens Park Gardens, Crewe, Cheshire East CW2 7SW3

Local Rents

14 rents from £940/mo to £2.8K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£2,75012/240.15 mi-3
£1,10012/240.19 miChurches Court, Nantwich3
£99512/240.22 miNantwich, Cheshire, CW53
£1,20012/240.23 miPratchitts Row, Nantwich3
£1,00012/240.27 miHaydn Jones Drive, Nantwich3
£99512/240.27 miHaydn Jones Drive, Stapeley, Nantwich3
£94012/240.27 mi-3
£1,17502/250.27 mi-3
£95012/240.32 miHaydn Jones Drive, Nantwich3
£1,20012/240.34 miMaisterson Court, Nantwich, Cheshire, CW53
£1,00012/240.36 miTalbot Way, Nantwich3
£1,20002/250.37 mi-3
£95012/240.46 miBirchwood Drive, Nantwich3
£1,00012/240.47 miComberbach Drive, Nantwich3

Local Area Statistics

Population in CW5

29,323

Town centre distance

0.30 miles away

Nearest school

0.40 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £150,000

January 24, 2025

Floor Plans

Description

  • 3 Bed Top Floor Apartment +
  • 2 Double Bedrooms +
  • Single Bedroom/Office +
  • Good Sized Open Plan Living Kitchen Area +
  • Allocated Parking Space +
  • Close To Local Amenities +
  • Tenanted at £875pcm till August 25 +
  • Let and Managed by Leaders +
  • No Chain +
  • Council Tax Band B +

ATTENTION BUY TO LET LANDLORDS

This large, three bedroom, second floor apartment on Newhaven Court close to the centre of Nantwich is the perfect property for the conscientious investor whether looking for their first buy to let rental or adding to an existing portfolio.

The accommodation briefly comprises of 2 Double bedroom with an en suite to the master a handy third bedroom/office, a separate family bathroom and a large open plan living, dining kitchen area. There is also a useful store cupboard and the property benefits from a parking space.

Currently Let and Managed by Leaders at £875pcm till August 2025, this property is the perfect readymade investment.

Leasehold: 979 Years remaining
Ground Rent; £80 per annum
Service Charge: £1200 per annum
Council Tax Band: B
EPC: C

Nantwich offers an excellent range of shopping facilities; there is a railway station in the town, and Crewe, which is only 5 miles away, provides an Intercity service to London in under two hours as well as major centres of the North West for daily work. The M6 Motorway is only 6 miles and Manchester airport only forty minutes’ drive away.

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

Agent Details

Leaders Sales, Crewe

01270 433550

Next Steps?

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