4 Bed Detached House, Planning Permission, Crewe, CW2 6PP, £500,000

Crewe Road, Wistaston, CW2 6PP - 1 views - 2 months ago

Planning
ROI: 1%
~129 m²
+21 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£38,700

Refurb Costs

£54,655

Bridging Loan Interest

£13,125

Total Cash In

£233,230

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£321,500

Mortgage (After Refinance)

£241,125

Mortgage LTV

75%

Cash Left In

£233,230

Equity

£80,375

Rent Range

£825 - £3,300

Rent Estimate

£1,621

Running Costs/mo

£1,349

Cashflow/mo

£272

Cashflow/yr

£3,265

ROI

1%

Gross Yield

4%

Local Sold Prices

50 sold prices from £150K to £530K, average is £289K. £1K/m² to £3.7K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£326K01/210.06 mi66, Millrace Drive, Wistaston, Crewe, Cheshire East CW2 6XA4
£530K12/230.07 mi2, Manor Avenue, Crewe, Cheshire East CW2 8BB4
£365K11/220.07 mi17, Swallowfield Close, Wistaston, Crewe, Cheshire East CW2 6XB4
£310K02/240.12 mi329, Nantwich Road, Crewe, Cheshire East CW2 6PD4
£272K11/200.16 mi1, Rufford Close, Wistaston, Crewe, Cheshire East CW2 6XP4
£230K02/210.19 mi589, Crewe Road, Wistaston, Crewe, Cheshire East CW2 6PU4
£290K03/230.2 mi6, Brownlees Close, Crewe, Cheshire East CW2 8AT4
£375K09/230.21 mi7, Heathergate Place, Wistaston, Crewe, Cheshire East CW2 6SZ4
£275K11/200.21 mi2, Heathergate Place, Crewe, Cheshire CW2 6SZ4
£277.5K12/200.21 mi22, Millrace Drive, Wistaston, Crewe, Cheshire CW2 6XG4
£299K06/210.24 mi3, Petworth Close, Wistaston, Crewe, Cheshire East CW2 6XJ4
£261K07/230.28 mi74, Sandhurst Avenue, Wistaston, Crewe, Cheshire East CW2 8FB4
£295K01/210.3 mi41, Dane Bank Avenue, Crewe, Cheshire CW2 8AE4
£465K03/210.31 mi21, Broughton Lane, Wistaston, Crewe, Cheshire CW2 8JR4
£150K07/210.31 mi267, Nantwich Road, Crewe, Cheshire CW2 6PF4
£212.5K04/210.31 mi273, Nantwich Road, Crewe, Cheshire East CW2 6PF4
£500K02/230.36 mi1, Willows Close, Wistaston, Crewe, Cheshire East CW2 6TD4
£350K04/230.37 mi4, Chatsworth Close, Wistaston, Crewe, Cheshire East CW2 6SW4
£187K07/210.37 mi1, Prior Close, Wistaston, Crewe, Cheshire East CW2 8DN4
£275K06/210.38 mi8, Barnwell Close, Crewe, Cheshire CW2 6TG4
£275K07/210.41 mi539, Crewe Road, Wistaston, Crewe, Cheshire East CW2 6PY4
£320K05/230.41 mi539, Crewe Road, Wistaston, Crewe, Cheshire East CW2 6PY4
£277.5K11/200.44 mi7, Blunstone Close, Crewe, Cheshire CW2 8LS4
£337.5K11/230.44 mi31, Whirlow Road, Wistaston, Crewe, Cheshire East CW2 6SR4
£285K04/210.44 mi8, Whirlow Road, Wistaston, Crewe, Cheshire East CW2 6SR4
£200K01/230.45 mi23, Woodside Avenue, Wistaston, Crewe, Cheshire East CW2 8AL4
£275K03/210.45 mi65, Woodside Avenue, Wistaston, Crewe, Cheshire CW2 8AL4
£247.5K11/200.45 mi2, Hanbury Close, Wistaston, Crewe, Cheshire CW2 6TF4
£250K03/210.46 mi4, Langley Drive, Crewe, Cheshire CW2 8LN4
£269K11/200.46 mi82, Langley Drive, Crewe, Cheshire CW2 8LN4
£320K01/210.48 mi69, Laidon Avenue, Wistaston, Crewe, Cheshire East CW2 6RU4
£285K06/210.48 mi5, Blake Close, Wistaston, Crewe, Cheshire CW2 8EB4
£355K07/230.48 mi3, Ashville Court, Wistaston, Crewe, Cheshire East CW2 6SY4
£221K06/210.49 mi3, Nursery Close, Coppenhall, Crewe, Cheshire CW2 8GF4
£340K05/230.5 mi16, Westbury Close, Wistaston, Crewe, Cheshire East CW2 6TY4
£270K12/220.5 mi6, Langley Drive, Crewe, Cheshire East CW2 8LN4
£260K04/210.5 mi106, Valley Road, Wistaston, Crewe, Cheshire CW2 8LA4
£305K09/230.51 mi38, Salander Crescent, Wistaston, Crewe, Cheshire East CW2 6SA4
£300.5K02/230.53 mi124, Valley Road, Wistaston, Crewe, Cheshire East CW2 8LE4
£205K02/230.53 mi20, Kingsway, Crewe, Cheshire East CW2 7NB4
£235K05/230.53 mi27, Kingsway, Crewe, Cheshire East CW2 7NB4
£225K12/200.54 mi34, Lunt Avenue, Crewe, Cheshire CW2 7LZ4
£390K02/210.54 mi446, Crewe Road, Wistaston, Crewe, Cheshire East CW2 6QN4
£410K03/210.55 mi38a, Park Drive, Wistaston, Crewe, Cheshire CW2 8EN4
£330K12/200.55 mi24, Park Drive, Wistaston, Crewe, Cheshire CW2 8EN4
£335K11/220.55 mi10, Wilderhope Close, Crewe, Cheshire East CW2 6TZ4
£350K12/220.56 mi35, Oakhurst Drive, Wistaston, Crewe, Cheshire East CW2 6UE4
£288K03/210.59 mi57, Charlcote Crescent, Wistaston, Crewe, Cheshire East CW2 6UH4
£377.5K01/210.59 mi41, Rope Lane, Wistaston, Crewe, Cheshire CW2 6RB4
£345K11/200.59 mi9, Princess Close, Wistaston, Crewe, Cheshire CW2 8HW4

Local Rents

23 rents from £825/mo to £3.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,60012/230.18 mi-4
£1,99512/240.24 miPetworth Close, Wistaston, Crewe4
£90012/240.34 miLear Drive, Wistaston, CW23
£97512/240.37 miSalisbury Close, Crewe, Cheshire, CW2 6JN3
£2,70012/240.37 mi-4
£2,70012/240.37 mi-4
£2,70002/250.37 mi-4
£1,15012/240.37 mi-3
£1,15011/240.37 mi-3
£90012/240.41 mi-3
£82512/240.46 mi-3
£89512/240.47 miFlixton Drive, Crewe3
£92512/240.54 miSt. Andrew's Court, Crewe3
£1,10002/250.57 mi-3
£97512/240.57 miBroadleigh Way, Wistaston3
£1,00002/250.58 mi-3
£99512/240.58 miRope Lane, Wistaston, Crewe, Cheshire, CW23
£1,50012/240.59 miCharlcote Crescent, Crewe, CW2 6UH4
£3,30012/240.6 mi-4
£3,30012/240.6 mi-4
£3,30011/240.6 mi-4
£1,19501/250.62 mi-3
£1,19501/250.62 mi-3

Property History

Listed for £500,000

March 3, 2025

Description

A SPLENDID AND INDIVIDUAL 1930'S DETACHED HOUSE OF CONSIDERABLE CHARACTER, SET WELL BACK FROM THE ROAD IN AN ESTABLISHED GARDEN SETTING, EXTENDING TO ABOUT .70 OF AN ACRE.

A SPLENDID AND INDIVIDUAL 1930'S DETACHED HOUSE OF CONSIDERABLE CHARACTER, SET WELL BACK FROM THE ROAD IN AN ESTABLISHED GARDEN SETTING, EXTENDING TO ABOUT .70 OF AN ACRE.

Summary - Entrance Porch, Reception Hall, Cloakroom, Dining Room, Living Room, Kitchen/Breakfast Room, Four Bedrooms, Bathroom, Gas Central Heating, Loggia Double Garage Block, Outside W/C and Utility, Car Parking Space, Gardens. In all about .7 of an acre.

Description - The house was built in the 1930's of brick with part pebbled-dashed elevations under a tiled roof. It is approached over an in and out tarmacadam drive. Internally, the original charm has been retained including parquet block floors, stained glass windows, fireplaces, picture rails and ceiling cornices.

It offers considerable potential for alteration and improvement and the size of the gardens provide scope for extension. Indeed, full planning permission (application no. PO8/1101) was granted for a two storey side extension and replacement garage (now lapsed).

NB. The photographs were taken in 2019. The gardens have deteriorated in recent years.

Location And Amenities - The property stands to the East of the market town of Nantwich set back off the A534 Nantwich to Crewe Road. There are excellent train connections via Crewe to London (90 minutes) and Manchester (40 minutes). Manchester international airport is about a 45 minute journey by car.

Approximate Distances - Nantwich town centre 3.5 miles, Crewe town centre 2 miles, M6 motorway (junction 16) 7 miles, Stoke on Trent 18 miles, Chester 22 miles.

Directions - From Nantwich take the A534 Crewe Road, proceed for about 2.8 miles and the property is located on the right hand side.

The Accommodation Comprises: - (with approximate measurements)

Entrance Porch -

Reception Hall - 11'8" x 10'10" - Parquet woodblock floor, plate racks, two windows, radiator.

Cloakroom - White suite comprising low flush WC and pedestal hand basin.

Dining Room - 15'6" into bay x 14'0" - Open fireplace with tiled inset and timber surround, double glazed bay window to front and window to side, picture rail and ceiling cornices, two radiators.

Living Room - 15'9" x 14'0" - Open fireplace with tiled inset and timber surround, double glazed French windows to loggia, double glazed window to side, picture rail, three uplights, radiator.

Kitchen/Breakfast Room - 5.84m x 4.19m (19'2" x 13'9") - Stainless steel single drainer sink unit with cupboards under, Wall cupboard, fitted cupboards, Hotpoint oven and four burner ceramic hob unit with extractor hood above, plumbing for washing machine, tiled fireplace, picture rail, three double glazed windows, glazed door to side, worn laminate flooring.

Stairs Lead From Reception Hall To First Floor -

Landing - 16'3" x 5'5" - Linen cupboard, original arched stained glass window, access to boarded loft with Velux double glazed rooflight.

Bedroom (Front) - 15'8" into bay x 13'10" - Tiled fireplace, double glazed bay window to front, window to side, picture rail, radiator.

Bedroom (Front) - 3.12m x 2.57m (10'3" x 8'5") - Cylinder cupboard with cylinder and gas central heating boiler (2022), picture rail, radiator.

Bedroom (Rear) - 10'8" x 10'3" - Tiled fireplace, double glazed window, radiator.

Bedroom (Rear) - 14'0" x 10'4" - Two double glazed windows, picture rail, radiator.

Bathroom - 2.59m x 1.68m (8'6" x 5'6") - Fully tiled walls and floor, white suite comprising panelled bath with shower over, pedestal hand basin and low flush WC, spotlight fitting, chrome radiator/towel rail.

Outside - Loggia. Exterior lighting, concrete car parking space, brick constructed GARAGE BLOCK with pebble dash elevations under a tiled roof comprising Garage No. 1 14'0" x 9'5", Garage No. 2 20'0" x 7'3", outside W/C and Utility 10'0" x 9'3" Belfast sink.

Gardens - The established gardens have matured over the years and offers scope to provide a lovely setting for the house. They are extensively lawned with shrubs, specimen trees, rockery, rhododendrons, laurel, herbaceous borders, and a number of mature trees. The gardens slope down to a stream and includes an underground bunker.

Services - All Mains services are connected to the property.
N.B. Tests have not been made of electrical, water, gas, 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

Site Plan - Not to scale - for identification purposes only.

Viewing - By appointment with BAKER, WYNNE & WILSON.
38 Pepper Street, Nantwich. (Tel No: ).
C -1038

Agent Details

Baker Wynne & Wilson, Nantwich

01270 433241

Next Steps?

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