3 Bed Detached House, Refurb/BRRR, Crewe, CW2 5HS, £200,000

Enfield Close, Shavington, Crewe, CW2 5HS - 1 views - 6 months ago

Refurb/BRRR

ROI: 3%

~93 m²

+14 photos

ValuationFair Value

Sold Prices	£108K - £395K
Sold Prices/m²	£1.7K/m² - £3.6K/m²

Square Metres	~93 m²
Price/m²	£2.2K/m²
Value Estimate	£204,000£204,000

End Value (After Refurb)	£208,654£208,654
Uplift in Value	+4%+4%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£50,000£50,000
Stamp Duty & Legal Fees	£11,200£11,200
Refurb Costs	£39,324£39,324
Bridging Loan Interest	£5,250£5,250
Total Cash In	£107,524£107,524

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£208,654£208,654
Mortgage (After Refinance)	£156,490£156,490
Mortgage LTV	75%75%
Cash Released	£6,490£6,490
Cash Left In	£101,034£101,034
Equity	£52,163£52,163
Rent Range	£625 - £2,700£625 - £2,700
Rent Estimate	£1,127
Running Costs/mo	£897£897
Cashflow/mo	£230£230
Cashflow/yr	£2,755£2,755
ROI	3%3%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £108K to £395K, average is £202.8K. £1.7K/m² to £3.6K/m², average is £2.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£175K	10/20	0.04 mi	65, Greenfields Avenue, Shavington, Crewe, Cheshire East CW2 5HE	£2,244	78	3	Semi-Detached House
£230K	12/22	0.06 mi	60, Ashcroft Avenue, Shavington, Crewe, Cheshire East CW2 5HN	£2,805	82	3	Semi-Detached House
£189K	09/23	0.06 mi	84, Ashcroft Avenue, Shavington, Crewe, Cheshire East CW2 5HN	-	-	3	Semi-Detached House
£150K	01/21	0.06 mi	84, Ashcroft Avenue, Shavington, Crewe, Cheshire East CW2 5HN	-	-	3	Semi-Detached House
£207K	12/20	0.06 mi	55, Ashcroft Avenue, Shavington, Crewe, Cheshire East CW2 5HW	£2,556	81	3	Semi-Detached House
£165K	07/21	0.08 mi	91, Greenfields Avenue, Shavington, Crewe, Cheshire CW2 5HE	£3,131	53	3	Semi-Detached House
£120K	06/21	0.1 mi	321, Newcastle Road, Shavington, Crewe, Cheshire East CW2 5EA	£1,765	68	3	Terraced House
£200.5K	02/23	0.1 mi	349, Newcastle Road, Shavington, Crewe, Cheshire East CW2 5EA	£2,993	67	3	Terraced House
£395K	03/21	0.1 mi	383a, Newcastle Road, Shavington, Crewe, Cheshire CW2 5EA	-	-	3	Detached House
£190K	12/20	0.1 mi	302, Newcastle Road, Shavington, Crewe, Cheshire CW2 5EA	£2,235	85	3	Semi-Detached House
£163.5K	07/21	0.1 mi	311, Newcastle Road, Shavington, Crewe, Cheshire East CW2 5EA	£2,180	75	3	Terraced House
£108K	04/21	0.1 mi	329, Newcastle Road, Shavington, Crewe, Cheshire East CW2 5EA	-	-	3	Terraced House
£210K	02/23	0.1 mi	328, Newcastle Road, Shavington, Crewe, Cheshire East CW2 5EA	£2,692	78	3	Semi-Detached House
£172K	02/23	0.11 mi	27, Knights Way, Shavington, Crewe, Cheshire East CW2 5HU	£2,457	70	3	Semi-Detached House
£255K	08/23	0.11 mi	30, Knights Way, Shavington, Crewe, Cheshire East CW2 5HU	-	-	3	Semi-Detached House
£199K	02/21	0.12 mi	2, Montrose Close, Shavington, Crewe, Cheshire CW2 5HT	£2,398	83	3	Semi-Detached House
£195K	01/21	0.13 mi	41, Lordsmill Road, Shavington, Crewe, Cheshire CW2 5HB	-	-	3	Detached House
£160K	01/24	0.13 mi	33, Lords Mill Road, Shavington, Crewe, Cheshire East CW2 5HB	-	-	3	Semi-Detached House
£210K	03/24	0.16 mi	8, Talbot Close, Shavington, Crewe, Cheshire East CW2 5EU	£3,191	66	3	Bungalow
£187K	02/24	0.16 mi	11, Lords Mill Road, Shavington, Crewe, Cheshire East CW2 5ET	£2,200	85	3	Semi-Detached House
£185K	11/20	0.16 mi	21, Lordsmill Road, Shavington, Crewe, Cheshire CW2 5ET	£2,229	83	3	Detached House
£227.5K	08/23	0.19 mi	11, Main Road, Shavington, Crewe, Cheshire East CW2 5DY	-	-	3	Semi-Detached House
£193.5K	06/23	0.19 mi	49, Barons Road, Shavington, Crewe, Cheshire East CW2 5EP	£2,959	65	3	Semi-Detached House
£145K	08/21	0.2 mi	8, Galway Grove, Shavington, Crewe, Cheshire CW2 5HL	-	-	3	Semi-Detached House
£220K	08/23	0.22 mi	6, Mercian Close, Shavington, Crewe, Cheshire East CW2 5ES	-	-	3	Semi-Detached House
£150K	02/23	0.23 mi	11, Cromwell Drive, Shavington, Crewe, Cheshire East CW2 5EJ	-	-	3	Semi-Detached House
£220K	11/20	0.24 mi	7, Dig Lane, Wybunbury, Nantwich, Cheshire CW5 7EZ	£2,683	82	3	Semi-Detached House
£270K	12/22	0.25 mi	20, Godwin Crescent, Shavington, Crewe, Cheshire East CW2 5EN	£3,375	80	3	Detached House
£148K	08/21	0.27 mi	27, Wessex Close, Shavington, Crewe, Cheshire CW2 5HX	-	-	3	Semi-Detached House
£215K	01/24	0.27 mi	2, Wessex Close, Shavington, Crewe, Cheshire East CW2 5HX	£2,792	77	3	Semi-Detached House
£205K	08/21	0.3 mi	83, Crewe Road, Shavington, Crewe, Cheshire CW2 5JA	-	-	3	Semi-Detached House
£172K	07/21	0.3 mi	73, Crewe Road, Shavington, Crewe, Cheshire CW2 5JA	£2,049	84	3	Semi-Detached House
£230K	03/21	0.3 mi	63, Crewe Road, Shavington, Crewe, Cheshire CW2 5JA	£1,917	120	3	Semi-Detached House
£325K	06/21	0.32 mi	80, Stock Lane, Wybunbury, Nantwich, Cheshire East CW5 7EX	£2,826	115	3	Detached House
£340K	03/21	0.32 mi	82, Stock Lane, Wybunbury, Nantwich, Cheshire East CW5 7EX	£3,269	104	3	Detached House
£275K	08/23	0.37 mi	15, Osborne Grove, Shavington, Crewe, Cheshire East CW2 5BY	-	-	3	Detached House
£390K	10/23	0.37 mi	62, Osborne Grove, Shavington, Crewe, Cheshire East CW2 5BY	-	-	3	Detached House
£345K	12/22	0.39 mi	106, Stock Lane, Wybunbury, Nantwich, Cheshire East CW5 7EX	£2,974	116	3	Detached House
£230K	01/23	0.49 mi	16, Vine Tree Avenue, Shavington, Crewe, Cheshire East CW2 5BS	-	-	3	Semi-Detached House
£267K	01/24	0.53 mi	8, Woodnoth Drive, Shavington, Crewe, Cheshire East CW2 5BN	£2,902	92	3	Semi-Detached House
£270K	07/23	0.53 mi	22, Woodnoth Drive, Shavington, Crewe, Cheshire East CW2 5BN	£3,462	78	3	Semi-Detached House
£230K	09/23	0.54 mi	1, South Bank Avenue, Shavington, Crewe, Cheshire East CW2 5BP	£2,911	79	3	Semi-Detached House
£180K	02/21	0.54 mi	10, South Bank Avenue, Shavington, Crewe, Cheshire East CW2 5BP	£2,278	79	3	Semi-Detached House
£181K	04/21	0.54 mi	12, South Bank Avenue, Shavington, Crewe, Cheshire CW2 5BP	£2,291	79	3	Semi-Detached House
£240K	02/23	0.56 mi	2, Northfield Place, Shavington, Crewe, Cheshire East CW2 5BL	-	-	3	Detached House
£263K	04/21	0.57 mi	130, Crewe Road, Shavington, Crewe, Cheshire East CW2 5DL	£3,023	87	3	Detached House
£170K	03/21	0.59 mi	38, Woodnoth Drive, Shavington, Crewe, Cheshire East CW2 5BW	£1,977	86	3	Semi-Detached House
£176K	01/21	0.63 mi	1, Chestnut Avenue, Shavington, Crewe, Cheshire East CW2 5BJ	£1,676	105	3	Semi-Detached House
£170K	03/21	0.63 mi	20, Chestnut Avenue, Shavington, Crewe, Cheshire East CW2 5BJ	-	-	3	Semi-Detached House
£292K	09/23	0.74 mi	19, Weston Lane, Shavington, Crewe, Cheshire East CW2 5AN	£3,650	80	3	Semi-Detached House

Local Rents

50 rents from £625/mo to £2.7K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£975	12/24	0.09 mi	-	3	Detached House
£975	12/24	0.09 mi	Greenfields Avenue, Nantwich, CW2	3	Detached House
£975	12/24	0.22 mi	Tamwell Road, Shavington, Crewe, Cheshire, CW2	3	Detached House
£850	12/24	0.31 mi	Main Road, Shavington, CW2	2	Flat
£950	12/24	0.36 mi	-	2	Bungalow
£925	12/24	0.52 mi	-	3	Semi-Detached House
£1,500	03/25	0.61 mi	-	5	Detached House
£2,150	11/24	0.86 mi	-	4	Detached House
£1,995	03/25	0.93 mi	-	3	Bungalow
£795	02/25	1.01 mi	-	2	Flat
£1,295	12/24	1.02 mi	Church Way, Wybunbury, Nantwich, Cheshire, CW5 7SA	4	Detached House
£895	12/24	1.04 mi	Green Lane, Willaston	2	Detached House
£895	03/25	1.05 mi	-	2	Terraced House
£1,300	12/24	1.08 mi	Eastern Rd, Willaston	5	Detached House
£850	01/25	1.11 mi	-	2	Flat
£1,000	02/25	1.11 mi	-	3	Detached House
£850	03/25	1.17 mi	-	2	Flat
£750	12/24	1.19 mi	Shavington, Nr Crewe	2	Flat
£775	12/24	1.24 mi	-	2	Flat
£850	12/24	1.27 mi	Park Mills Close, Willaston	2	Terraced House
£995	12/24	1.28 mi	Rope Lane, Wistaston, Crewe, Cheshire, CW2	3	Detached House
£1,280	12/24	1.31 mi	-	3	Semi-Detached House
£1,150	12/24	1.33 mi	Coppice Road	3	Detached House
£975	12/24	1.33 mi	Broadleigh Way, Wistaston	3	Detached House
£700	01/25	1.42 mi	-	2	Flat
£1,500	12/24	1.44 mi	Charlcote Crescent, Crewe, CW2 6UH	4	Detached House
£1,100	12/24	1.47 mi	Crewe Road, Shavington	2	Flat
£1,100	12/24	1.47 mi	Crewe Road, CW2	2	Flat
£1,995	12/24	1.47 mi	Petworth Close, Wistaston, Crewe	4	Detached House
£1,150	12/24	1.49 mi	-	3	Semi-Detached House
£900	12/24	1.53 mi	Lear Drive, Wistaston, CW2	3	Detached House
£1,600	12/23	1.57 mi	-	4	Detached House
£850	12/23	1.61 mi	-	2	Terraced House
£850	12/24	1.61 mi	-	2	Terraced House
£825	12/24	1.62 mi	-	3	Terraced House
£1,150	12/24	1.64 mi	Armitage Close, Wistaston, Crewe, CW2 8FZ	3	Detached House
£1,200	12/24	1.64 mi	Armitage Close, Wistaston, Crewe, CW2 8FZ	3	Detached House
£895	12/24	1.69 mi	Sandringham Drive, Crewe	2	Flat
£950	12/24	1.74 mi	Davenport Avenue, Crewe	3	Flat
£975	12/24	1.77 mi	Salisbury Close, Crewe, Cheshire, CW2 6JN	3	Flat
£1,150	11/24	1.78 mi	-	3	Terraced House
£750	12/24	1.82 mi	St Andrews Court, Crewe, CW2 6LF	2	Detached House
£850	12/24	1.82 mi	-	3	Terraced House
£925	02/25	1.82 mi	-	3	Terraced House
£625	03/25	1.84 mi	-	1	Flat
£925	12/24	1.85 mi	St. Andrew's Court, Crewe	3	Detached House
£720	11/24	1.86 mi	-	2	Flat
£950	12/24	1.86 mi	-	3	Semi-Detached House
£950	02/25	1.86 mi	-	3	Semi-Detached House
£2,700	12/24	1.88 mi	-	4	Semi-Detached House

Local Area Statistics

Population in CW2	40,75240,752
Population in Crewe	101,534101,534
Town centre distance	2.61 miles away2.61 miles away
Nearest school	0.50 miles away0.50 miles away
Nearest train station	2.23 miles away2.23 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+34%+34%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+20%+20%

Property History

Listed for £200,000

September 19, 2024

Floor Plans

Description

Detached family home +
Cul-De-Sac Setting +
Popular Village Location +
Corner plot +
Three Bedrooms +
Viewings Recommended +

A mature detached three bedroom family home in need of modernisation situated in the popular village of Shavington and occupying a generous corner plot with gardens to three sides. Comprising in brief, reception hall, lounge, dining room, kitchen, three bedrooms and the family bathroom. Externally there are gardens to the front, rear and side and a detached single garage. Viewings highly recommended to appreciate the potential this property offers.

Council Tax Band: C (Cheshire East)
Tenure: Freehold

Agent Details

Wheatcroft & Lloyd, Sandbach

01270 433925

Next Steps?

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

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