2 Bed Flat, Single Let, Crewe, CW2 7EP, £71,000

192 Edleston Road, Crewe, CW2 7EP - a year ago

Leasehold
BTL
ROI: 13%
74 m²
+3 photos

ValuationUndervalued

Sold Prices£60K - £270K
Sold Prices/m²£1.2K/m² - £2.9K/m²

 

 

Square Metres

74 m²
Price/m²£959/m²

Value Estimate

£87,330
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,750

Stamp Duty & Legal Fees

£3,330

Total Cash In

£21,080

 

 

Cash Out

 

Rent Range

£550 - £1,400

Rent Estimate

£597

Running Costs/mo

£361

Cashflow/mo

£236

Cashflow/yr

£2,829

ROI

13%

Gross Yield

10%

Local Sold Prices

32 sold prices from £60K to £270K, average is £91K. £1.2K/m² to £2.9K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£80.5K04/230.22 mi44, Stalbridge Road, Crewe, Cheshire East CW2 7LP2
£98K12/210.39 mi25, Alton Street, Crewe, Cheshire CW2 7QQ2
£115K06/230.41 mi22a, Gainsborough Road, Crewe, Cheshire East CW2 7PH2
£87.5K02/220.65 mi39, Ludlow Avenue, Crewe, Cheshire East CW1 6DZ2
£77K04/220.67 miFlat 9, Worsdell House, Blount Close, Crewe, Cheshire East CW1 3BF2
£92K06/230.67 miFlat 5, Worsdell House, Blount Close, Crewe, Cheshire East CW1 3BF2
£98K02/230.68 miFlat 5, Allan House, Blount Close, Crewe, Cheshire East CW1 3BX2
£106.5K05/210.7 miFlat 2, Sackfield House, Blount Close, Crewe, Cheshire CW1 3EU2
£70K01/230.71 miFlat 3, Ivatt House, Blount Close, Crewe, Cheshire East CW1 3BJ2
£76K07/230.72 miFlat 10, Beames House, Blount Close, Crewe, Cheshire East CW1 3DB2
£77K09/210.72 miFlat 9, Beames House, Blount Close, Crewe, Cheshire CW1 3DB2
£78.5K03/220.73 miFlat 5, Beames House, Harrison Drive, Crewe, Cheshire East CW1 3DA2
£77.5K12/210.73 miFlat 8, Trevithick House, Harrison Drive, Crewe, Cheshire East CW1 3DA2
£123.3K05/220.92 mi171, Market Street, Crewe, Cheshire East CW1 2NB2
£73K04/220.96 miApartment 12a, Ludford Court, Badger Avenue, Crewe, Cheshire East CW1 3DZ2
£82K11/220.96 miApartment 8, Ludford Court, Badger Avenue, Crewe, Cheshire East CW1 3DZ2
£60K03/221.09 mi54a, Coleridge Way, Crewe, Cheshire East CW1 5LE2
£120K02/221.12 miApartment 15, Junction House, Dale Way, Crewe, Cheshire East CW1 3GU2
£84K12/201.12 miApartment 4, Junction House, Dale Way, Crewe, Cheshire East CW1 3GU2
£85K08/211.13 miApartment 7, Carriage House, Dale Way, Crewe, Cheshire East CW1 3GW2
£270K09/211.4 mi91, Church Lane, Wistaston, Crewe, Cheshire CW2 8ER2
£90K04/231.57 mi110, Remer Street, Coppenhall, Crewe, Cheshire East CW1 4LT2
£150K11/201.57 mi12, Richardson Close, Shavington, Crewe, Cheshire East CW2 5BD2
£115K01/231.59 mi30, Foxholme Court, Crewe, Cheshire East CW1 5HF2
£110K08/211.59 mi26, Foxholme Court, Crewe, Cheshire CW1 5HF2
£111K09/221.59 mi20, Foxholme Court, Crewe, Cheshire East CW1 5HF2
£105K04/231.59 mi37, Foxholme Court, Crewe, Cheshire East CW1 5HF2
£77K02/211.82 mi6, Rudheath Close, Crewe, Cheshire East CW2 8TL2
£86K03/231.83 mi47, Marshfield Avenue, Crewe, Cheshire East CW2 8TG2
£218.6K07/211.86 mi35, Chatham Way, Haslington, Crewe, Cheshire East CW1 5NU2
£95K03/211.95 miApartment 9, Heathlands House, Merlin Court, Crewe, Cheshire CW1 3TH2
£102K06/231.95 miApartment 1, Heathlands House, Merlin Court, Crewe, Cheshire East CW1 3TH2

Local Rents

27 rents from £550/mo to £1.4K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£82502/250.07 mi-2
£69512/240.08 mi-2
£77512/240.1 miCamm Street, Crewe, Cheshire, CW2 7DN2
£1,40003/250.12 mi-2
£77502/250.13 mi-2
£77512/240.15 miLord Street, Crewe,2
£75012/240.16 miSwinnerton Street2
£65012/240.16 miCatherine Street, Crewe, CW22
£82504/250.19 mi-2
£62512/240.27 miCrewe, Cheshire, CW22
£75012/240.29 miSt Andrews Court, Crewe, CW2 6LF2
£79501/250.34 mi-2
£55012/240.34 miBrook Street, Crewe2
£75003/250.34 mi-2
£77512/240.46 miWalthall Street, Crewe, CW22
£95004/250.48 mi-2
£72511/240.48 mi-2
£72011/240.5 mi-2
£70003/250.52 mi-2
£85012/230.53 mi-2
£85012/240.53 mi-2
£70012/240.55 miDenver Avenue, Crewe, CW2 7PX2
£75012/240.56 mi-2
£77512/230.58 mi-2
£75012/240.58 miWistaston Road2
£75012/240.58 mi-2
£75012/240.58 miFlag Lane, Crewe, CW22

Local Area Statistics

Population in CW2

40,752

Population in Crewe

101,534

Town centre distance

0.52 miles away

Nearest school

0.30 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Price changed to £71,000

September 25, 2024

Listed for £62,000

December 7, 2023

Floor Plans

Description

  • Ideal Investor Opportunity +
  • Spacious Lounge Diner +
  • Good Size Kitchen +
  • Two Double Beds, Master En-Suite +
  • Convenient Location +

NO CHAIN Stephenson Browne are pleased to present this spacious duplex first floor apartment which is set within a prime location within walking distance of all local amenities to include shops for day to day needs and the mainline railway station. The property has double glazing, gas central heating and an en-suite shower room. Comprising of a large lounge diner providing a great social space, there is a good size fitted kitchen, two double bedrooms, the master with an en-suite facility and bathroom completes the accommodation. All in all a super apartment with generous size rooms in good decorative order, ring us today to secure your viewing.

Entrance Hall - Stairs leading to the first floor.

Landing - Giving access to the apartment.

Lounge Diner - 5.101m x 4.233m (16'8" x 13'10") - Two double glazed windows. TV point. Radiator. Wooden style flooring. Coving to ceiling. Air conditioning unit.

Kitchen - 4.051m x 3.286m (13'3" x 10'9") - Double glazed window. Radiator. Range of fitted units comprising a single drainer sink unit with work surfaces adjacent. Base units under with cupboards and drawers. Wall mounted cabinets over. Gas cooker. Space for a fridge freezer. Plumbing for a washing machine. Complementary tiling.

Stairs To Bedrooms & Bathroom - Landing giving access to all rooms including the boiler store.

Bedroom One - 3.773m x 3.310m (12'4" x 10'10") - Double glazed window with feature sealed unit arch window over. Radiator.

En Suite Shower Room - Sky light window. Full suite comprising a shower cubicle with wall mounted shower as fitted. Pedestal wash hand basin. Low level W.C. Complementary tiling. Radiator.

Bedroom Two - 3.702m x 3.325m (12'1" x 10'10") - Double glazed window with feature sealed unit arch window over. Radiator. Built in wardrobe and store.

Bathroom - Sky light window. Full suite comprising a panelled bath. Pedestal wash hand basin. Low level W.C. Complementary tiling. Radiator.

Tenure - We understand from the vendor that the property is leaseehold. We would however recommend that your solicitor check the tenure prior to exchange of contracts.

Need To Sell? - For a FREE valuation please call or e-mail and we will be happy to assist.

Land Registry - Please be advised that we have not been able to obtain a copy of the title register with land registry - this does not conclude that the property is not registered however, we would advise you raise this point with a licensed conveyancer to avoid any potential delay with a purchase.

Agent Details

Stephenson Browne Ltd, Crewe

01270 433841

Next Steps?

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