# 3 bedroom detached house for sale (CW4 8HB)

## Property Details

| Key | Value |
|-----|-------|
| Address | Hermitage Lane, Cranage, CW4, CW4 8HB |
| Price | £550,000 |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Council tax | E |

## Description

Occupying a highly sought-after position on Hermitage Lane, one of Goostrey’s most desirable residential roads, Penymaes is an extended detached bungalow set within a generous plot of approximately 0.2 acres, enjoying open aspects to both the front and rear. The property is conveniently placed within a short walk of The Trading Post and the village’s wider amenities.

Offering approximately 1,089 sq.ft. of existing accommodation, together with a substantial double garage extending to approximately 394 sq.ft., the property presents an exciting opportunity for buyers seeking a home to modernise, reconfigure or potentially redevelop, subject to the necessary planning permissions. Several neighbouring properties have undergone significant development, highlighting the potential that may be available here.

The existing accommodation comprises three bedrooms, a dining room, lounge, kitchen, shower room and entrance hall, providing a practical starting point for a purchaser looking to create a home tailored to their own requirements. Whether retaining and updating the bungalow to create a comfortable single-storey home, or pursuing a more ambitious scheme of extension or redevelopment, Penymaes offers a rare opportunity to secure a property with such scope in this established village setting.

Offered for sale with no onward chain, Penymaes represents a compelling blank canvas, combining a generous plot, open outlooks and considerable future potential in a highly regarded Goostrey location.

EPC Rating: D

## Property Photos

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## Floorplans

- ![All](/listings/photos/94258638/2570125) - All

## EPC Graphs

- ![EPC 1](/listings/photos/94258638/2570126) - EPC 1

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 33 MEADOW AVENUE, GOOSTREY, CREWE, CHESHIRE EAST, CW4 8LS | £320,000 | 17/11/2022 | Detached |
| SANDHURST SANDY LANE, GOOSTREY, CREWE, CHESHIRE EAST, CW4 8NT | £1,125,000 | 24/08/2022 | Detached |
| 24 MEADOW AVENUE, GOOSTREY, CREWE, CHESHIRE EAST, CW4 8LS | £330,000 | 29/07/2022 | Detached |
| 2 FAIRWAY DRIVE, GOOSTREY, CREWE, CHESHIRE EAST, CW4 8GG | £750,000 | 24/06/2022 | Detached |
| 5 NETHER LEA, CRANAGE, CREWE, CHESHIRE EAST, CW4 8HX | £500,000 | 18/05/2022 | Detached |
| 7 SANDY LANE, GOOSTREY, CREWE, CHESHIRE EAST, CW4 8NT | £701,100 | 06/01/2022 | Detached |

**Area average:** £621,017 (6 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £626,257 (34 Detached, CW4, 2024–2026)
- **Deviation:** -12.2%

## Rental Range

*ONS Price Index of Private Rents (Cheshire East). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £887/mo
- **Realistic:** £985/mo
- **Optimistic:** £1,084/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for South Cheshire (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £678/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 |
|------|------|------|------|------|
| [Station Road, Holmes Chapel](http://87.117.209.195:8080/listings/b03f207) | £1,600/mo | 3 | 1.8 miles | Rightmove |
| [Eden Grove, Holmes Chapel](http://87.117.209.195:8080/listings/dd79569) | £1,500/mo | 3 | 2 miles | Rightmove |
| [Forty Acre Lane, Kermincham](http://87.117.209.195:8080/listings/3646c0e) | £1,750/mo | 3 | 2.76 miles | Rightmove |

**Average rent: £1,617/mo (3 listings)**

## 1% Rule

- **Rent ratio:** 0.29% (weak for cashflow)
- **Max investor price (0.8%):** £200,000
- **Target investor price (1%):** £160,000

*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 £1,600/mo).*

- **Gross yield:** 3.5%
- **Cost-to-rent:** 28.6×
- **Monthly cashflow:** £-751/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -5.6%

*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:** 15.6%
- **10y growth:** -10.1%

## House Price Index (HM Land Registry)

*Official index for Cheshire East; Detached series; as of July 2026.*

- **1y growth (index):** 4.6%
- **5y growth (index):** 27.4%
- **10y growth (index):** 51.1%

## 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)