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Development opportunity, Norley Road, Sandiway - Image 1
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Development opportunity, Norley Road, Sandiway

North West

£450,000

Listed on 17/05/2025

Property Details

Bedrooms
4
Type
Character Property
Area
1964 sqft

Description

This property presents a significant opportunity for renovation and investment in the desirable area of Cuddington and Sandiway. Currently consisting of two dwellings under the same ownership, the site offers planning consent (21/05019/FUL) for their conversion into a single, spacious two-storey residence. The primary house features three bedrooms across two levels, showcasing period characteristics but requiring comprehensive modernisation throughout. Key areas include a large reception hall leading to a living room and dining room with ample natural light, as well as a kitchen with courtyard views. The first floor boasts an impressive master suite complete with vaulted ceilings and a walk-in wardrobe, alongside two additional bedrooms and a family bathroom. Attached at the rear is a one-bedroom bungalow that also needs refurbishment, making it ideal for potential rental income or guest accommodation post-renovation. A substantial outbuilding on-site could serve multiple purposes such as a garage or home office, subject to planning approval. The approved plans envision an open-concept living space complemented by four en-suite bedrooms on the upper level. Given its prime location with close proximity to schools, transport links, and local amenities, this project holds substantial promise for those looking to invest in property development within this vibrant community.

Investment Analysis

(CW8 area)

Below Market Value

This property is priced -16.6% below area average per sq ft

-16.6%
Potential saving
This Property
£229/sq ft
Area Average
£275/sq ft
Avg Rent (weekly)
£222
Avg Yield
3.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£593,786
10% above area average per sq ft
Potential ROI
+4.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (CW8)

Area prices are stable by +1.2% over the last 12 months
3 year growth: +5.2%
5 year growth: +20.4%
Investment Disclaimer: Analysis based on CW8 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, Norley Road, Sandiway
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,700
Based on a loan of £337,500 over 30 years at 4.45% 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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