3 Bed Bungalow, Cash/Bridging Only, Crewe, CW2 8NE, £90,000

Somerford Avenue, Crewe, CW2 8NE - 3 views - a year ago

Sold STC
Cash
ROI: 4%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£86K - £250K
Sold Prices/m²£1.1K/m² - £3K/m²

 

 

Square Metres

~93 m²
Price/m²£968/m²

Value Estimate

£92,700
BMV3%

 

 

End Value (After Refurb)

£168,750

Uplift in Value

+88%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Refurb Costs

£39,324

Bridging Loan Interest

£2,363

Total Cash In

£69,837

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£168,750

Agent Fees (1%)

£1,688

Bridging Loan

£67,500

Bridging Loan Interest

£2,363

Flip Profit

£29,726

Local Sold Prices

50 sold prices from £86K to £250K, average is £158.5K. £1.1K/m² to £3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£150K12/220.06 mi15, Albion Street, Crewe, Cheshire East CW2 8NB3
£140K11/230.07 mi2, Rockwood Avenue, Crewe, Cheshire East CW2 8LU3
£156K12/200.07 mi18, Rockwood Avenue, Crewe, Cheshire CW2 8LU3
£140K03/230.07 mi27, Rockwood Close, Crewe, Cheshire East CW2 8LW3
£174K11/210.14 mi42, Clyde Grove, Crewe, Cheshire East CW2 8NA3
£185K08/210.15 mi148, Stewart Street, Crewe, Cheshire East CW2 8LZ3
£225K01/210.15 mi166, Stewart Street, Crewe, Cheshire CW2 8LZ3
£148K03/210.15 mi140, Stewart Street, Crewe, Cheshire East CW2 8LZ3
£155K12/200.17 mi443, Alton Street, Crewe, Cheshire East CW2 7RX3
£145K12/220.17 mi196, Gainsborough Road, Crewe, Cheshire East CW2 7PN3
£133K03/210.18 mi12, Capenhurst Avenue, Crewe, Cheshire CW2 8NN3
£183K03/230.18 mi31, Capenhurst Avenue, Crewe, Cheshire East CW2 8NN3
£165K09/210.18 mi3, Clydesdale Avenue, Crewe, Cheshire East CW2 7PW3
£163.5K12/200.18 mi158, Stewart Street, Crewe, Cheshire CW2 8LZ3
£148K09/230.18 mi185, Gainsborough Road, Crewe, Cheshire East CW2 7PN3
£176K03/210.18 mi191, Gainsborough Road, Crewe, Cheshire East CW2 7PN3
£193K01/230.2 mi13, Clydesdale Avenue, Crewe, Cheshire East CW2 7PW3
£145K05/210.23 mi35, Hargrave Avenue, Crewe, Cheshire East CW2 8NW3
£161K12/230.24 mi38, Aldersey Road, Crewe, Cheshire East CW2 8NR3
£117.5K07/230.25 mi209, Alton Street, Crewe, Cheshire East CW2 7PU3
£220K03/240.26 mi10, Baker Close, Crewe, Cheshire East CW2 8GS3
£150K11/230.27 mi36, Jubilee Avenue, Crewe, Cheshire East CW2 7PR3
£167K10/210.27 mi13, Jubilee Avenue, Crewe, Cheshire CW2 7PR3
£170K09/210.27 mi68, Jubilee Avenue, Crewe, Cheshire East CW2 7PR3
£172.5K12/200.27 mi54, Jubilee Avenue, Crewe, Cheshire CW2 7PR3
£120K04/210.27 mi2, Valley Court, Crewe, Cheshire CW2 7PD3
£220K02/230.28 mi10, Franklyn Avenue, Crewe, Cheshire East CW2 7NF3
£178K08/210.29 mi5, Franklyn Avenue, Crewe, Cheshire East CW2 7NF3
£182K06/210.29 mi21, Franklyn Avenue, Crewe, Cheshire East CW2 7NF3
£143K10/200.29 mi15, Franklyn Avenue, Crewe, Cheshire East CW2 7NF3
£195K03/210.29 mi25, Franklyn Avenue, Crewe, Cheshire East CW2 7NF3
£193K12/230.29 mi20, Franklyn Avenue, Crewe, Cheshire East CW2 7NF3
£184K08/210.33 mi26, Belgrave Road, Crewe, Cheshire CW2 7NH3
£145K12/200.34 mi3, Blunstone Close, Crewe, Cheshire CW2 8LS3
£210K10/230.34 mi7, Coppenhall Grove, Crewe, Cheshire East CW2 7UQ3
£145K11/220.35 mi164, Wistaston Road, Crewe, Cheshire East CW2 7RJ3
£130K01/230.37 mi57, Flixton Drive, Wistaston, Crewe, Cheshire East CW2 8AP3
£155K09/210.37 mi3, Flixton Drive, Wistaston, Crewe, Cheshire CW2 8AP3
£175K06/210.37 mi24, Flixton Drive, Wistaston, Crewe, Cheshire CW2 8AP3
£210K03/230.37 mi28, Flixton Drive, Wistaston, Crewe, Cheshire East CW2 8AP3
£120K11/210.38 mi38, Sweet Briar Crescent, Crewe, Cheshire CW2 8PE3
£86K12/200.38 mi10, Sweet Briar Crescent, Crewe, Cheshire East CW2 8PE3
£210K12/230.38 mi17, Gawsworth Avenue, Crewe, Cheshire East CW2 8PB3
£118K11/230.38 mi7, Monarch Close, Crewe, Cheshire East CW2 7UF3
£153K10/230.38 mi16, Monarch Close, Crewe, Cheshire East CW2 7UF3
£133K11/220.39 mi10, Sweet Briar Crescent, Crewe, Cheshire East CW2 8PE3
£150K12/230.39 mi83, Gainsborough Road, Crewe, Cheshire East CW2 7PJ3
£150K01/240.39 mi14, Farmer Close, Crewe, Cheshire East CW2 7UD3
£250K12/210.39 mi25, Jesmond Crescent, Crewe, Cheshire CW2 7NJ3
£220K02/230.39 mi19, Jesmond Crescent, Crewe, Cheshire East CW2 7NJ3

Local Rents

31 rents from £795/mo to £2.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£87512/240.09 miRockwood Close, Crewe, Cheshire, CW2 8LW3
£79512/240.09 miAlton Street, Crewe3
£1,05001/250.17 mi-3
£89504/250.21 mi-3
£1,19501/250.23 mi-3
£1,19501/250.23 mi-3
£99512/230.31 mi-3
£89512/240.38 miFlixton Drive, Crewe3
£85003/250.38 mi-3
£1,00012/240.42 mi-3
£1,10002/250.42 mi-3
£1,05012/240.46 miCoppenhall Place, Crewe, CW13
£1,02512/240.49 miCoppenhall Place, Cheshire, CW13
£1,02512/240.5 miCoppenhall Place, Crewe, CW13
£82512/240.5 miGainsborough Road, Crewe3
£2,50012/240.53 mi-3
£2,50001/250.53 mi-3
£82512/240.53 miTatton Road, Crewe3
£95012/240.54 mi-3
£1,05012/240.55 miRichard Darroch Way, Cheshire3
£79512/240.56 miWistaston Road, Crewe3
£89503/250.56 mi-3
£87512/240.56 mi-3
£85012/240.57 mi-3
£1,10004/250.59 mi-3
£87512/240.59 mi-3
£1,10012/240.59 miRichard Darroch Way, Crewe3
£1,02512/240.6 miCoppenhall Place, Crewe, CW13
£1,02512/240.6 miCoppenhall Place, Crewe, CW13
£1,07512/240.61 miCoppenhall Place, Crewe, CW13
£95004/250.62 mi-3

Local Area Statistics

Population in CW2

40,752

Population in Crewe

101,534

Town centre distance

0.95 miles away

Nearest school

0.20 miles away

Nearest train station

1.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £90,000

May 17, 2024

Floor Plans

Description

  • NO CHAIN +
  • Semi Detached Bungalow +
  • Three Bedrooms +
  • Spacious Garden +
  • In Need Of TLC +
  • Must View... +

This spacious three bedroom semi detached bungalow is offered for sale is in need of TLC but priced to sell...
The perfect opportunity for any INVESTOR looking for a property that will provide with an immediate income or great refurbishment.

*CASH BUYERS ONLY - this property is believed to be non standard construction*

The property comprises of: entrance hall, lounge, kitchen, three bedrooms, shower room and spacious rear garden. If you looking for a bungalow then look no further. For more information on this home please call our office today.

Agent Details

Butters John Bee, Crewe

01270 433339

Next Steps?

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