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Development Opportunity, Barns, Warmingham Road - Image 1
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Development Opportunity, Barns, Warmingham Road

North West

£500,000
Listed on 09/07/2024

Property Details

Bedrooms
6
Type
Detached house

Description

This expansive property presents a unique opportunity for renovation and development in the picturesque countryside of Cheshire. With six bedrooms, it offers substantial space, making it ideal for transformation into bespoke living accommodations or a multi-unit investment project. The location is particularly advantageous, nestled in a tranquil setting with mostly farmland surrounding it. This serene environment enhances the potential for creating a desirable retreat or residential community, capitalizing on the area's natural beauty. The property comes with approved planning permission, allowing for barn conversions that would suit modern living while preserving the charm of rural architecture. Investors will appreciate the scope for adding value through thoughtful renovations tailored to the local market. The quiet backwater position provides both privacy and a sense of community, making it an appealing choice for future residents. This property not only offers significant development potential but also invites creative vision in reimagining its use and design.

Investment Analysis

(CW1 area)
Area Average
£225/sq ft
Avg Rent (weekly)
£213
Avg Yield
5.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£500,000 - £800,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (CW1)

Area prices are rising by +7.0% over the last 12 months
3 year growth: 1.4%
5 year growth: 25.1%
Investment Disclaimer: Analysis based on CW1 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

Development Opportunity, Barns, Warmingham Road
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,832
Based on a loan of £375,000 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