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School Lane, Pickmere, WA16

North West

£600,000
Listed on 31/05/2024

Property Details

Bedrooms
5
Type
Detached house
Area
3588 sqft

Description

This semi-rural property presents a unique opportunity for renovation and investment, with detailed planning permission granted for a substantial contemporary detached house spanning nearly 3,600 square feet. The approved design includes five bedrooms, five bathrooms, and three reception areas, offering ample space for modern living. The property boasts its own gated entrance and a spacious driveway, enhancing both privacy and accessibility. Nestled in the desirable village of Pickmere, this location is just a ten-minute drive from Knutsford and conveniently accessible from the M6 at Junction 19. Residents will appreciate the nearby amenities, including excellent local pubs and beautiful surrounding countryside. Additionally, the adjacent village of Wincham features a comprehensive store for everyday needs. While the buyer will need to install a private treatment plant to meet regulatory requirements, other essential services are available on-site. This freehold property is subject to a Community Infrastructure Levy (CIL), which will be confirmed by the local authority prior to commencement of any work. It’s important to note that the purchaser must also construct the dividing wall between their new residence and the neighboring farmstead at their own expense. Any alterations to the approved plans require prior approval from the vendors. With its extensive space and advantageous location, this property offers considerable potential for those looking to create a bespoke family home or an investment opportunity in an attractive semi-rural setting.

Investment Analysis

(WA16 area)

Below Market Value

This property is priced -58.5% below area average per sq ft

-58.5%
Potential saving
This Property
£167/sq ft
Area Average
£403/sq ft
Avg Rent (weekly)
£411
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £350,000
Target Value
£1,591,547
10% above area average per sq ft
Potential ROI
+67.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (WA16)

Area prices are rising by +15.8% over the last 12 months
3 year growth: 5.8%
5 year growth: 24.1%
Investment Disclaimer: Analysis based on WA16 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

School Lane, Pickmere, WA16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,198
Based on a loan of £450,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE