2 Bed Semi-Detached House, Refurb/BRRR, Nantwich, CW5 7AR, £250,000

The Pike, Nantwich, Cheshire, CW5 7AR - 1 views - 2 months ago

Refurb/BRRR
Planning
~68 m²
+14 photos

ValuationOvervalued

Sold Prices£98K - £250K
Sold Prices/m²£1.8K/m² - £5.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£186,739

 

 

End Value (After Refurb)

£234,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£27,744

Bridging Loan Interest

£6,563

Total Cash In

£107,257

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£234,500

Mortgage (After Refinance)

£175,875

Mortgage LTV

75%

Cash Left In

£107,257

Equity

£58,625

Rent Range

£695 - £975

Rent Estimate

£787

Running Costs/mo

£910

Cashflow/mo

£-123

Cashflow/yr

£-1,479

Gross Yield

4%

Local Sold Prices

48 sold prices from £98K to £250K, average is £168.5K. £1.8K/m² to £5.4K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£225K01/210.05 mi4, Brine Road, Nantwich, Cheshire CW5 7BA2
£210K02/210.44 mi7, Hillfield Place, Nantwich, Cheshire East CW5 7BY2
£153K03/230.47 mi55, Station View, Nantwich, Cheshire East CW5 7BJ2
£148K04/210.47 mi31, Station View, Nantwich, Cheshire CW5 7BJ2
£132K03/210.47 mi43, Station View, Nantwich, Cheshire CW5 7BJ2
£136K01/210.47 mi39, Station View, Nantwich, Cheshire East CW5 7BJ2
£190K02/230.52 mi37, Pillory Street, Nantwich, Cheshire East CW5 5BQ2
£162K07/210.57 mi10, Blagg Avenue, Nantwich, Cheshire CW5 5JF2
£157.5K04/230.58 mi115, Clonners Field, Stapeley, Nantwich, Cheshire East CW5 7GU2
£135K10/220.63 mi23, Pratchitts Row, Nantwich, Cheshire East CW5 5SB2
£140K02/210.63 mi37, Pillory Street, Nantwich, Cheshire CW5 5BQ2
£172K11/200.64 mi72, Horton Way, Stapeley, Nantwich, Cheshire East CW5 7GD2
£139K12/200.64 mi11, Pratchitts Row, Nantwich, Cheshire East CW5 5SB2
£172K11/200.64 mi72, Horton Way, Stapeley, Nantwich, Cheshire East CW5 7GD2
£136K12/220.65 mi8, Spring Gardens, Nantwich, Cheshire East CW5 5SH2
£240K04/210.67 mi76, Hospital Street, Nantwich, Cheshire CW5 5RP2
£150K12/220.68 mi16, Riverside, Nantwich, Cheshire East CW5 5HT2
£162K06/210.7 mi7, Beechwood Close, Stapeley, Nantwich, Cheshire CW5 7FY2
£167K10/210.72 mi11, Stapeley Terrace, Nantwich, Cheshire East CW5 6LS2
£135K11/200.74 mi27, Rectory Close, Nantwich, Cheshire CW5 5SW2
£243K02/210.74 mi44, South Crofts, Nantwich, Cheshire East CW5 5SG2
£225K07/210.74 mi50, South Crofts, Nantwich, Cheshire CW5 5SG2
£250K01/230.75 mi35, South Crofts, Nantwich, Cheshire East CW5 5SG2
£98K07/230.76 mi18, Hawthorne Avenue, Nantwich, Cheshire East CW5 6HZ2
£150K11/220.76 mi5, Hawthorne Avenue, Nantwich, Cheshire East CW5 6HZ2
£155K05/210.77 mi13, Millstone Lane, Nantwich, Cheshire East CW5 5PG2
£170K09/210.78 mi18, Flowerscroft, Nantwich, Cheshire CW5 7GN2
£162K11/200.78 mi44, Flowerscroft, Nantwich, Cheshire East CW5 7GN2
£177K12/200.78 mi71, North Crofts, Nantwich, Cheshire CW5 5SQ2
£210K06/230.78 mi72, North Crofts, Nantwich, Cheshire East CW5 5SQ2
£199.5K01/230.78 mi47, Millstone Lane, Nantwich, Cheshire East CW5 5PH2
£125K11/200.79 mi69, North Crofts, Nantwich, Cheshire East CW5 5SQ2
£204K07/230.79 mi83, Crewe Road, Nantwich, Cheshire East CW5 6HX2
£170K11/220.8 mi24, Flowerscroft, Nantwich, Cheshire East CW5 7GN2
£238K04/230.84 mi24, Scaife Road, Nantwich, Cheshire East CW5 5TS2
£160K06/230.88 mi14, Marsh Lane, Nantwich, Cheshire East CW5 5HH2
£139.5K11/210.88 mi35, Millstone Lane, Nantwich, Cheshire CW5 5PH2
£121.5K12/220.89 mi34, Second Wood Street, Nantwich, Cheshire East CW5 5EQ2
£112.5K03/210.9 mi3, Red Lion Lane, Nantwich, Cheshire CW5 5EP2
£170K10/210.94 mi7, Byron Walk, Nantwich, Cheshire East CW5 5UT2
£180K03/210.96 mi8, Nixons Row, Nantwich, Cheshire CW5 5HE2
£200K01/230.96 mi4, Nixons Row, Nantwich, Cheshire East CW5 5HE2
£140K12/200.97 mi6, Gresty Buildings, Nantwich, Cheshire East CW5 5PX2
£215K03/230.98 mi22, Mount Close, Nantwich, Cheshire East CW5 6JJ2
£210K11/210.98 mi27, Mount Close, Nantwich, Cheshire CW5 6JJ2
£192.5K05/210.98 mi25, Mount Close, Nantwich, Cheshire East CW5 6JJ2
£200K06/210.98 mi36, Mount Close, Nantwich, Cheshire CW5 6JJ2
£218K06/210.98 mi28, Mount Close, Nantwich, Cheshire East CW5 6JJ2

Local Rents

24 rents from £695/mo to £975/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£92501/240.24 mi-2
£82512/240.56 miNantwich, CW52
£80001/250.59 mi-2
£97503/250.62 mi-2
£75012/240.63 miNantwich, Cheshire, CW52
£69512/240.63 miPillory Street, Nantwich2
£69512/240.64 miNantwich, Cheshire, CW52
£95003/250.64 mi-2
£80012/240.64 miNewhaven Court, Nantwich2
£85012/240.64 mi-2
£82512/240.65 miHastings Road, Nantwich2
£80012/240.67 miQueens Drive, Nantwich, Cheshire, CW52
£85012/240.72 miRigbys Row2
£80012/240.78 miHigh Street, Nantwich, CW52
£75012/240.79 miJackson Avenue, Nantwich2
£85012/240.81 miWhitewell Close, Nantwich2
£75012/240.88 miMillstone Lane, Nantwich2
£70002/240.9 mi-2
£70012/240.93 miWall Lane, Nantwich2
£87512/240.96 miNixons Row, Nantwich2
£75012/241.04 miArnold Street, Nantwich2
£79502/251.09 mi-2
£77512/241.11 miTyldesley Way, Kingsley Village, Nantwich2
£75012/241.11 miTyldesley Way, Nantwich2

Local Area Statistics

Population in CW5

29,323

Town centre distance

0.71 miles away

Nearest school

0.10 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-1%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £250,000

February 4, 2025

Floor Plans

Description

  • FOREVER HOME OPPORTUNITY +
  • PLANNING PERMISSION SUBMITTED FOR LARGE EXTENSION +
  • WALKING DISTANCE TO BRINE LEAS HIGH SCHOOL, TRAIN STATION & NANTWICH TOWN CENTRE +
  • SEMI-DETACHED HOME +
  • LARGE THROUGH LIVING/DINING ROOM +
  • GOOD SIZE KITCHEN +
  • DOWNSTAIRS SHOWER ROOM & UPSTAIRS BATHROOM +
  • TWO DOUBLE BEDROOMS +
  • LARGE PLOT WITH GARDENS TO FRONT & REAR +
  • DRIVEWAY & GARAGE +

Superbly located on this highly sought after estate within a few minutes’ walk of Brine Leas High School, ten-minute walk of the Nantwich town centre as well as the train station and easily accessible to the A500 and M6 Junction 6 for national travel. The property itself offers a flexible array of accommodation which lends itself to improvement and modernisation as well as extension and currently comprises: entrance porch, entrance hall, living/dining room, shower room and kitchen to the ground floor. To the first floor there are two double bedrooms and a bathroom. Externally the property is set well back from the road with a good size front garden and has a well landscaped garden to the rear. There is driveway parking leading to the single garage. This is an incredible opportunity to purchase a forever family home that any intending buyer can put their own stamp on. AN EARLY VIEWING IS HIGHLY RECCOMENDED.

The current vendors have applied to Cheshire East and Chester for planning permission to be granted for a significant extension to the existing property. The buyer would benefit from both the plans and the planning permission subject to its approval.

Approached over a path to the front door with glazed inserts leading to the:

Entrance Porch
With door leading to the:

Entrance Hall
Doors to all ground floor rooms, wood effect laminate flooring and stairs rising to the first-floor landing.

Shower Room
Formerly the third bedroom with obscured glazed window to the front, wood effect laminate flooring fitted and extractor fan fitted. Suite of low-level WC, pedestal wash hand basin and shower enclosure with shower and screen fitted.

Kitchen
Fitted with a range of wall & base units incorporating cupboards & drawers with work surfaces over with contrasting wall tiling. There is an inset four ring hob with extractor hood over and built in double oven. Space & plumbing for washing machine and fridge/freezer. There is a window overlooking the rear garden, door to rear patio and door to the understairs cupboard.

First Floor Landing
From the first-floor landing there are doors leading to the two bedrooms and bathroom.

Bedroom One
A large dual aspect bedroom with window to the front and rear and built-in cupboard.

Bedroom Two
A good size second bedroom with window to the side. Door to eves storage.

Bathroom
Fitted with a suite of low-level WC, pedestal wash hand basin and bath with shower & screen over. Obscured glazed window to the side.

Externally
To the front of the property there is driveway parking for two cars leading to the single garage with up and over door to the side, power, light and personal door to the side. The front garden is laid to lawn with shrubbery borders. The rear garden is a particular feature of the property being laid to lawn with shrubbery borders, paved patio ideal for outside dining, has a greenhouse and garden shed. Gated access leads to the front garden.

Agent Details

Whitegates, Nantwich

01270 916178

Next Steps?

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