Semi detached house for sale
Key information
Property description & features
- Tenure: Freehold
- FOR SALE WITH OUR MODERN METHOD OF SALE ROUTE
- CALLING ALL DEVELOPERS FOR THIS FANTASTIC DEVELOPMENT OPPORTUNITY!!
- PLANNING PERMISSION IN PLACE FOR 13 ONE BEDROOM APARTMENTS & ONE OFFICE SPACE
- FIVE ENTRANCES
- CAR PARK TO THE REAR
- EXCELLENT LONG-TERM YEILD
The rental income potential for this property is impressive, with the 13 one-bedroom flats estimated to generate approximately £675 per calendar month each, and the office space projected to bring in around £1,000 per calendar month. This equates to a substantial annual income of £117,300, which over a 10-year period amounts to an impressive £1,173,000. Additionally, the potential sale price for the 13 one-bedroom apartments ranges from £75,000 to £85,000 per flat, and the office space is estimated to sell for approximately £175,000 to £225,000, resulting in a minimum total sale price of £1,150,000.
In conclusion, this investment opportunity presents a chance to secure a substantial and consistent rental income, as well as the potential for significant returns through the sale of the developed apartments and office space. With the building's prime location and the added benefit of the car park, this property is a promising prospect for investors seeking a high-yield opportunity in the real estate market.
The location offers the convenience of being close to Crewe town centre, schools, other essential amenities and easy access to transport links, including the train station and bus station.
Tenure - Freehold
Council Tax Band - N/A
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Rooms
Cellar Rooms
Cellar 4.39m x 4.19m (14' 5" x 13' 9")
Cellar 4.39m x 3.01m (14' 5" x 9' 11")
Cellar 8.75m x 2.49m (28' 8" x 8' 2")
Reception Room 7.2m x 5.99m (23' 7" x 19' 8")
Bar 4.49m x 1.71m (14' 9" x 5' 7")
Reception Room 4.49m x 2.36m (14' 9" x 7' 9")
Shower Room 2.8m x 2.66m (9' 2" x 8' 9")
Kitchen 4.91m x 2.2m (16' 1" x 7' 3")
Utility Room 2.2m x 1.77m (7' 3" x 5' 10")
WC
Reception Room 15.8m x 9.22m (51' 10" x 30' 3")
Reception Room 3.56m x 3.09m (11' 8" x 10' 2")
Reception Room 3.53m x 3.32m (11' 7" x 10' 11")
Reception Room 4.83m x 4.6m (15' 10" x 15' 1")
Toilet
Shower Room 2.85m x 1.88m (9' 4" x 6' 2")
Reception Room 7.15m x 4.19m (23' 5" x 13' 9")
Reception Room 4.6m x 4.05m (15' 1" x 13' 3")
Lobby
Kitchen 3.7m x 2.59m (12' 2" x 8' 6")
Store 2.58m x 2m (8' 6" x 6' 7")
Auction Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, IAMSOLD Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
Auction Comments
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with IAMSOLD and provide proof of how the purchase would be funded.
Auction Comments
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by IAMSOLD. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Auction Comments
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
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Property reference CRE240554. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Whitegates - Crewe & Nantwich.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on March 7, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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