3 Bed Semi-Detached House, Refurb/BRRR, Crewe, CW2 6LA, £135,000

28 Neville Street, Crewe, CW2 6LA - 8 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 8%
~78 m²
+8 photos

ValuationOvervalued

Sold Prices£90K - £222K
Sold Prices/m²£877/m² - £2.4K/m²

 

 

Square Metres

~78.04 m²
Price/m²£1.7K/m²

Value Estimate

£109,650

 

 

End Value (After Refurb)

£125,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Refurb Costs

£32,998

Bridging Loan Interest

£3,544

Total Cash In

£77,292

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£125,000

Mortgage (After Refinance)

£93,750

Mortgage LTV

75%

Cash Left In

£77,292

Equity

£31,250

Rent Range

£695 - £2,900

Rent Estimate

£1,124

Running Costs/mo

£635

Cashflow/mo

£489

Cashflow/yr

£5,863

ROI

8%

Gross Yield

10%

Local Sold Prices

50 sold prices from £90K to £222K, average is £140K. £877/m² to £2.4K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£148K08/210.02 mi15, Neville Street, Crewe, Cheshire East CW2 6LA3
£140K08/230.02 mi34, Neville Street, Crewe, Cheshire East CW2 6LA3
£115K01/210.02 mi45, Neville Street, Crewe, Cheshire East CW2 6LA3
£133K02/210.06 mi4, Bedford Court, Crewe, Cheshire East CW2 6AH3
£176.5K01/230.06 mi18, Manor Way, Crewe, Cheshire East CW2 6JX3
£140K05/210.07 mi9, Herbert Swindells Close, Crewe, Cheshire CW2 6GP3
£222K11/210.07 mi66, Manor Way, Crewe, Cheshire East CW2 6JX3
£185K06/230.07 mi20, Manor Way, Crewe, Cheshire East CW2 6JX3
£120K10/230.07 mi92, Manor Way, Crewe, Cheshire East CW2 6JX3
£148.5K02/240.07 mi30, Manor Way, Crewe, Cheshire East CW2 6JX3
£124K07/210.07 mi20, Manor Way, Crewe, Cheshire East CW2 6JX3
£167K01/230.08 mi109, Ernest Street, Crewe, Cheshire East CW2 6JZ3
£129K02/210.08 mi98, Bedford Street, Crewe, Cheshire East CW2 6JD3
£125K08/210.09 mi96, Ernest Street, Crewe, Cheshire East CW2 6JZ3
£165K03/210.09 mi98, Ernest Street, Crewe, Cheshire CW2 6JZ3
£105K07/230.1 mi73, Bedford Street, Crewe, Cheshire East CW2 6JB3
£115K08/230.1 mi51, Bedford Street, Crewe, Cheshire East CW2 6JB3
£140K01/210.11 mi17, Barker Street, Crewe, Cheshire CW2 6BL3
£168K06/230.12 mi38, Atholl Avenue, Crewe, Cheshire East CW2 6JH3
£167.5K02/240.12 mi2, Atholl Avenue, Crewe, Cheshire East CW2 6JH3
£100K05/210.12 mi38, St Clair Street, Crewe, Cheshire East CW2 6HB3
£140K09/230.12 mi36, St Clair Street, Crewe, Cheshire East CW2 6HB3
£120K07/230.12 mi40, Claughton Avenue, Crewe, Cheshire East CW2 6EZ3
£171K12/230.13 mi32, Laura Street, Crewe, Cheshire East CW2 6HA3
£126K10/200.13 mi18, Dario Gradi Drive, Crewe, Cheshire CW2 6GL3
£148K07/230.13 mi47, Ernest Street, Crewe, Cheshire East CW2 6JE3
£145K11/230.13 mi45, Ernest Street, Crewe, Cheshire East CW2 6JE3
£110.5K06/230.13 mi46, Ernest Street, Crewe, Cheshire East CW2 6JE3
£175K12/200.14 mi69, Manor Way, Crewe, Cheshire East CW2 6JU3
£122.5K03/240.15 mi71, Catherine Street, Crewe, Cheshire East CW2 6HE3
£100K07/230.15 mi8, Bedford Street, Crewe, Cheshire East CW2 6JA3
£135K07/210.17 mi110, Claughton Avenue, Crewe, Cheshire East CW2 6EY3
£145K06/230.17 mi144, Claughton Avenue, Crewe, Cheshire East CW2 6EY3
£130K04/240.17 mi61, Catherine Street, Crewe, Cheshire East CW2 6HD3
£115K11/200.18 mi21, Madeley Street, Crewe, Cheshire CW2 6DL3
£90K02/210.19 mi3, Edward Street, Crewe, Cheshire East CW2 6HQ3
£145K02/210.19 mi27, St Andrews Avenue, Crewe, Cheshire CW2 6JJ3
£150K10/230.24 mi63, Davenport Avenue, Crewe, Cheshire East CW2 6LQ3
£166K03/240.24 mi65, Davenport Avenue, Crewe, Cheshire East CW2 6LQ3
£108K03/210.25 mi48, Davenport Avenue, Crewe, Cheshire East CW2 6LG3
£125K10/200.25 mi18, Davenport Avenue, Crewe, Cheshire East CW2 6LG3
£178.5K08/230.25 mi16, Davenport Avenue, Crewe, Cheshire East CW2 6LG3
£180K04/230.25 mi44, Salisbury Avenue, Crewe, Cheshire East CW2 6JW3
£140K08/230.26 mi6, Howbeck Walk, Crewe, Cheshire East CW2 6LH3
£110K09/210.26 mi6, Howbeck Walk, Crewe, Cheshire East CW2 6LH3
£120K04/230.29 mi5, Birchall Walk, Crewe, Cheshire East CW2 6LJ3
£162K02/230.3 mi137, Manor Way, Crewe, Cheshire East CW2 6JS3
£165K11/200.3 mi176, Manor Way, Crewe, Cheshire East CW2 6JT3
£122K03/230.3 mi32, Nelson Street, Crewe, Cheshire East CW2 7LJ3
£115K04/210.3 mi18, Nelson Street, Crewe, Cheshire CW2 7LJ3

Local Rents

30 rents from £695/mo to £2.9K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£90003/250.09 mi-3
£99512/240.12 mi-3
£1,00002/250.13 mi-3
£85012/240.13 miErnest St, Crewe3
£85012/240.13 miErnest Street, Crewe3
£95003/250.15 mi-3
£97512/240.16 mi-3
£85012/230.16 mi-3
£96012/240.16 mi-3
£92512/240.17 miSt. Andrew's Court, Crewe3
£69512/240.24 miHope Street, Crewe, Cheshire3
£85012/240.25 mi-3
£92502/250.25 mi-3
£95012/240.27 miDavenport Avenue, Crewe3
£82512/240.3 mi-3
£95012/240.3 mi-3
£95002/250.3 mi-3
£1,15011/240.33 mi-3
£97512/240.34 miSalisbury Close, Crewe, Cheshire, CW2 6JN3
£90012/240.4 mi-3
£85012/230.41 mi-3
£2,90012/240.45 mi-3
£2,75002/250.49 mi-3
£80012/240.54 miLawton Street, Crewe, CW23
£97512/240.55 miBroadleigh Way, Wistaston3
£95012/240.59 mi-3
£2,20012/240.61 mi-3
£2,20012/240.61 mi-3
£2,20001/250.61 mi-3
£82512/240.62 miGainsborough Road, Crewe3

Local Area Statistics

Population in CW2

40,752

Population in Crewe

101,534

Town centre distance

0.75 miles away

Nearest school

0.40 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

Listed for £135,000

September 27, 2024

Floor Plans

Description

  • Chain Free +
  • Potential To Add Value +
  • Master and Second Bedroom With Jack and Jill En-suite +
  • Schools For All Ages Nearby +
  • Great Kitchen/Dining Room Space For Modern Living +
  • Single Garage At The Rear +
  • Low Maintenance Garden With Turfed Lawn +
  • Freehold +
  • Amenities In Close Proximity +
  • Call Us Today For More Information +

Stephenson Browne take great pleasure in marketing this semi-detached property on Neville Street in the heart of Crewe. This home boasts a spacious kitchen-diner area that has the potential to become the vibrant hub of your family life. With one reception room, three bedrooms, and a bathroom, this home offers ample space for comfortable living.

Situated in a quiet neighbourhood, this property is perfect for families as it is conveniently close to schools catering to all ages. The location also provides easy access to amenities, making daily errands a breeze.

One of the standout features of this home is the potential it offers to add value. Whether you are looking to make cosmetic updates or undertake a larger renovation project, this property is a blank canvas awaiting your personal touch.

Furthermore, this property is available with no onward chain, streamlining the buying process and allowing you to move in hassle-free. Don't miss out on the opportunity to make this lovely house your new home in Crewe. Call us today for more information.

Entrance Hall -

Living Room - 4.5m x 3.6m (14'9" x 11'9") -

Kitchen/Dining Room - 3m (widest point) x 6.5m (9'10" (widest point) x 2 -

Bathroom - 1.3m x 2.8m (4'3" x 9'2") -

Stairs To First Floor -

Master Bedroom - 4.5m x 3.6m (14'9" x 11'9") -

Bedroom Two - 2.3m x 3.8m (7'6" x 12'5") -

Jack & Jill En-Suite - 1.4m x 0.8m (4'7" x 2'7") -

Bedroom Three - 2.1m x 2.8m (6'10" x 9'2") -

Externally - Paved pathway leading to the property. Rear garden space with turfed lawn. Single garage (not accessible by car).

Council Tax - Band B.

Tenure - We understand from the vendor that the property is freehold. 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.

Agent Details

Stephenson Browne Ltd, Crewe

01270 433841

Next Steps?

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