5 Bed Terraced House, Refurb/BRRR, Crewe, CW2 7HR, £190,000

Edleston Road, Crewe, Cheshire, CW2 7HR - 1 views - 2 years ago

BTL
Refurb/BRRR
ROI: 6%
~125 m²
+9 photos

ValuationUndervalued

Sold Prices£100K - £735K
Sold Prices/m²£893/m² - £3.5K/m²

 

 

Square Metres

~125.40 m²
Price/m²£1.5K/m²

Value Estimate

£195,700
BMV3%

 

 

End Value (After Refurb)

£176,097

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£53,024

Bridging Loan Interest

£4,988

Total Cash In

£117,962

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£176,097

Mortgage (After Refinance)

£132,073

Mortgage LTV

75%

Cash Left In

£117,962

Equity

£44,024

Rent Range

£695 - £6,500

Rent Estimate

£1,480

Running Costs/mo

£1,386

Cashflow/mo

£614

Cashflow/yr

£7,364

ROI

6%

Gross Yield

9%

Local Sold Prices

20 sold prices from £100K to £735K, average is £344K. £893/m² to £3.5K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£167.5K07/210.73 mi73, Davenport Avenue, Crewe, Cheshire CW2 6LQ5
£430K03/230.94 mi544, Crewe Road, Wistaston, Crewe, Cheshire East CW2 6PP5
£355K02/231.08 mi5, Blackthorn Close, Wistaston, Crewe, Cheshire East CW2 6PQ5
£255K10/201.08 mi15, Stanier Close, Crewe, Cheshire CW1 5GP5
£310K08/211.14 mi14, Bentley Drive, Crewe, Cheshire CW1 5FR5
£345K12/201.18 mi11, Wellcroft Close, Wistaston, Crewe, Cheshire CW2 6TA5
£148K03/211.22 mi148, Holland Street, Crewe, Cheshire CW1 3SL5
£242K02/211.25 mi23, Mayfair Drive, Crewe, Cheshire CW1 5BB5
£300K11/211.27 mi28, Oakhurst Drive, Wistaston, Crewe, Cheshire CW2 6UF5
£425K07/231.27 mi27, Oakhurst Drive, Wistaston, Crewe, Cheshire East CW2 6UE5
£192.5K11/201.29 mi87, Remer Street, Coppenhall, Crewe, Cheshire East CW1 4LU5
£100K10/201.34 mi9, Maw Green Close, Crewe, Cheshire CW1 4JE5
£498K12/201.39 mi27, Nessina Grove, Wistaston, Crewe, Cheshire CW2 8EL5
£530K03/211.39 mi2, Park Drive, Wistaston, Crewe, Cheshire East CW2 8EW5
£680K11/201.48 mi39, Rope Lane, Wistaston, Crewe, Cheshire East CW2 6RB5
£735K04/211.48 mi25, Rope Lane, Wistaston, Crewe, Cheshire East CW2 6RB5
£530K09/211.49 miMavor House, 100a, Church Lane, Wistaston, Crewe, Cheshire East CW2 8ER5
£343K03/211.56 mi20, Springfield Drive, Wistaston, Crewe, Cheshire East CW2 6RA5
£480K02/231.73 mi471, Crewe Road, Wistaston, Crewe, Cheshire East CW2 6QU5
£210K05/211.83 mi275, Minshull New Road, Crewe, Cheshire East CW1 3PP5

Local Rents

50 rents from £695/mo to £6.5K/mo, average is £998/mo.

RentDateDistanceAddressBeds 
£80012/240.08 miLawton Street, Crewe, CW23
£2,75002/250.09 mi-3
£1,05002/250.1 mi-4
£1,05002/250.1 mi-4
£85012/230.14 mi-3
£2,20012/240.14 mi-3
£2,20012/240.14 mi-3
£2,20001/250.14 mi-3
£2,90012/240.22 mi-3
£85012/240.24 mi-3
£69512/240.25 miHope Street, Crewe, Cheshire3
£95012/240.26 mi-3
£82512/240.31 miGainsborough Road, Crewe3
£79512/240.32 miWistaston Road, Crewe3
£1,20012/240.32 mi-4
£1,16012/240.33 mi-4
£95003/250.35 mi-3
£97512/240.35 mi-3
£96012/240.35 mi-3
£85012/240.39 miErnest St, Crewe3
£85012/240.39 miErnest Street, Crewe3
£1,00012/240.4 mi-3
£1,00002/250.4 mi-3
£3,30012/240.4 mi-4
£3,30012/240.4 mi-4
£3,30011/240.4 mi-4
£90003/250.42 mi-3
£6,50002/250.43 mi-7
£85003/250.48 mi-3
£85003/250.49 mi-3
£92512/240.49 miSt. Andrew's Court, Crewe3
£85012/230.5 mi-3
£90012/240.51 mi-3
£99512/230.51 mi-3
£99512/240.52 mi-3
£2,70012/240.55 mi-4
£2,70012/240.55 mi-4
£2,70002/250.55 mi-4
£85012/240.57 miCrewe, CW13
£87512/240.57 mi-3
£82512/240.58 miWallis Street, CW13
£1,20002/250.59 mi-3
£1,20003/250.59 mi-3
£1,20002/250.59 mi-3
£90001/250.59 mi-3
£1,15011/240.6 mi-3
£1,39512/240.6 mi-4
£97512/240.6 miSalisbury Close, Crewe, Cheshire, CW2 6JN3
£1,39512/240.6 mi-4
£1,19512/240.62 mi-3

Local Area Statistics

Population in CW2

40,752

Population in Crewe

101,534

Town centre distance

0.29 miles away

Nearest school

0.30 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Price changed to £190,000

February 16, 2025

Listed for £200,000

September 4, 2023

Floor Plans

Description

  • A fantastic opportunity for any investor to purchase within 1 kilometres from Crewe train station +
  • Traditional end of terrace property +
  • Five well-proportioned bedrooms with one ensuite +
  • Stylish bathrooms and accommodation throughout +
  • Sympathetically furnished, furnishings included +
  • Main kitchen with all integrated appliances +
  • Benefitting from a full refurb +
  • Potential to separate the down stairs bedroom and seating area to operate as a one bedroom flat to have one flat and a four bedroom. +

PRESENTING FOR SALE

Whitegates in Crewe are pleased to market this five bedroom traditional end of terrace style property. An excellent prospect for buy to let investors to rent. Conveniently situated close to the town centre making it an attractive location. It's a great size property with spacious accommodation throughout. Benefitting from a full refurb over the past 18 months this property offers five well-proportioned bedrooms, including one bedroom with an ensuite, three bathrooms, two modern kitchens. two communal areas and a small yard to the rear. Viewing appointments available. Contact Whitegates in Crewe for more information.

Ease of access into the Crewe Town Centre, with the train station and bus station in close proximity and plenty of bus stops within touching distance. Additional transport links include easy access to the A500, A530 and the M6.

Crewe Town Centre and Nantwich Road offers an abundance of local amenities, working opportunities as well as sporting facilities. Slightly further to the South West you will find Nantwich, which is a beautiful and historic Town, filled with boutique shops, historical buildings, sporting facilities, bars and restaurants.

Tenure - Freehold
EPC Rating - Currently an E, however the vendors have carried out works since and expect this to be a higher rating - Potential to become a B
Council Tax Band - A

Thinking about selling your property? For a FREE valuation from one of our local experts, please call or e-mail our Whitegates office, and we will be happy to assist you with an award winning service.

Agent Details

Whitegates, Crewe

01270 433736

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪