# 2 bedroom ground floor flat for sale (CW5 7TF) ## Property Details | Key | Value | |-----|-------| | Address | FLAT 4, 31 SNOW CREST PLACE, NANTWICH, STAPELEY, CHESHIRE EAST CW5 7TF | | Price | £96,000 | | Bedrooms | 2 | | Bathrooms | 1 | | Last sold | £96,000 Jul 2022 | ## Description The Property A larger than average ground floor apartment set in a quiet cul de sac location on the sought after Stapeley Gardens development within easy reach of Nantwich town centre and transport links to surrounding areas and the M6 motorway network. Recently constructed by David Wilson Homes and benefiting from an NHBC warranty, gas central heating and UPVC double glazing this would make an ideal first time buyers or retirement home. Briefly comprising communal entrance with intercom, hallway, 2 double bedrooms, bathroom and a spacious open plan living area incorporating the kitchen, dining area and lounge. Externally there are communal gardens and both allocated and visitor parking spaces. The property is being sold under the Shared Ownership Scheme at 70% of the current market value in the area with NO rent payable on the balance. The remaining 30% can be purchased at a future date. Book a viewing online 24/7 via the Purple Bricks website. Communal Gardens Communal lawned garden space and exterior mail boxes. Communal Entrance Intercom door system. Gas and Electric Meter boxes. Electric wall heater. Staircase leading to upper floors. Glazed panel windows and door giving access to an inner hall to the ground floor flats affording an extra level of privacy. Hall Intercom telephone for front door. Double storage cupboard. Radiator. Lounge / Kitchen Lounge area: UPVC double glazed window and French door with built in blinds to rear elevation. TV /media and telephone points. Central heating thermostat. Radiator. Space for dining table. Kitchen area: Range of base and wall cupboard units in white gloss with contrasting work tops. Built in Zanussi electric oven and gas hob. Stainless steel splashback and chimney style extractor hood. Stainless steel sink unit with mixer tap. Space for tall fridge freezer. Plumbed for washing machine and dishwasher. Ideal combi central heating boiler housed in matching wall cupboard. Extractor fan. UPVC double glazed window with built in blinds to side elevation. Tiled floor. Bedroom One UPVC double glazed window with built in blinds to rear elevation . TV point. Central heating thermostat allowing the temperature in the bedrooms to be set independently from the living rooms. Radiator. Bedroom Two UPVC double glazed window with built in blinds to rear elevation . TV point. Radiator. Bathroom Comprising panel bath, pedestal wash hand basin with tiled splashback and dual flush wc fitted in white . Fully tiled to bath area with glass folding screen and thermostatic shower above. Electric shaver point. Chrome heated towel rail. Extractor fan. Allocated Parking One Allocated Parking bay and additional visitors parking bays. Tenure Leasehold with 121 years remaining. Ground rent £99 pa. . Maintenance Charge £99 pcm which includes building insurance and cleaning of communal areas and maintenance of garden areas. Shared Ownership The property is being sold at 70% of the property’s market value, with the remaining 30% equity being held by Cheshire East Council and NO rent being payable on the remaining 30% equity. There is the OPTION of purchasing the remaining 30% equity from Spring 2022. There are certain eligibility criteria for a prospective buyer regarding this shared equity property e.g. a prospective buyer must have lived in Cheshire East for a certain period of time and have an ‘existing connection’ with Cheshire East by either being employed in the area or having a close family member residing in the area or be a first-time buyer. For more information contact Cheshire East Council for their online application. Disclaimer for virtual viewingsSome or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing. If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided. ## Property Photos - ![Front](/listings/photos/107439458/549513) - Front - ![Lounge / Kitchen](/listings/photos/107439458/549515) - Lounge / Kitchen - ![Kitchen](/listings/photos/107439458/549520) - Kitchen - ![Lounge](/listings/photos/107439458/549526) - Lounge - ![Lounge / Kitchen](/listings/photos/107439458/549531) - Lounge / Kitchen - ![Communal Entrance](/listings/photos/107439458/549537) - Communal Entrance - ![Lounge / Kitchen](/listings/photos/107439458/549541) - Lounge / Kitchen - ![Bedroom One](/listings/photos/107439458/549547) - Bedroom One - ![Bedroom Two](/listings/photos/107439458/549551) - Bedroom Two - ![Bathroom](/listings/photos/107439458/549552) - Bathroom ## Floorplans - ![Floorplan 1](/listings/photos/107439458/549555) - Floorplan 1 ## EPC Graphs - ![epc](/listings/photos/107439458/549557) - epc ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 31 FLAT 4 SNOW CREST PLACE, STAPELEY, NANTWICH, CHESHIRE EAST, CW5 7TF | £96,000 | 29/07/2022 | Flat | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | 15 FLAT 3 ARROWHEAD CLOSE, STAPELEY, NANTWICH, CHESHIRE EAST, CW5 7RY | £150,000 | 30/05/2025 | Flat | | 31 FLAT 2 SNOW CREST PLACE, STAPELEY, NANTWICH, CHESHIRE EAST, CW5 7TF | £84,000 | 27/09/2024 | Flat | | 31 FLAT 6 SNOW CREST PLACE, STAPELEY, NANTWICH, CHESHIRE EAST, CW5 7TF | £109,000 | 03/11/2023 | Flat | | 15 FLAT 12 ARROWHEAD CLOSE, STAPELEY, NANTWICH, CHESHIRE EAST, CW5 7RY | £125,000 | 13/10/2023 | Flat | | 31 FLAT 3 SNOW CREST PLACE, STAPELEY, NANTWICH, CHESHIRE EAST, CW5 7TF | £147,000 | 27/06/2023 | Flat | | 31 FLAT 7 SNOW CREST PLACE, STAPELEY, NANTWICH, CHESHIRE EAST, CW5 7TF | £101,500 | 18/03/2022 | Flat | | 31 FLAT 1 SNOW CREST PLACE, STAPELEY, NANTWICH, CHESHIRE EAST, CW5 7TF | £73,500 | 10/12/2021 | Flat | | 15 FLAT 8 ARROWHEAD CLOSE, STAPELEY, NANTWICH, CHESHIRE EAST, CW5 7RY | £35,000 | 22/07/2021 | Flat | **Area average:** £103,125 (8 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £152,734 (16 Flat, CW5, 2024–2026) - **Deviation:** -37.1% ## Rental Range *ONS Price Index of Private Rents (Cheshire East). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £878/mo - **Realistic:** £975/mo - **Optimistic:** £1,073/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Bolton and Bury (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £573/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 2 Bed Terraced House, Clonersfield, CW5 | £850/mo | 2 | 0.57 miles | OpenRent | **Average rent: £850/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.89% (okay) - **Max investor price (0.8%):** £106,250 - **Target investor price (1%):** £85,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £850/mo).* - **Gross yield:** 10.6% - **Cost-to-rent:** 9.4× - **Monthly cashflow:** £362/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 15.6% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 24.7% - **10y growth:** 89.2% ## House Price Index (HM Land Registry) *Official index for Cheshire East; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** -3.5% - **5y growth (index):** 9.4% - **10y growth (index):** 33.2% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)