Potential 4-Bed HMO, Crewe, CW2 7LN, £195,000

62 Nelson Street, Crewe, Cheshire East, CW2 7LN - 20 views - 6 months ago

HMO
Planning
ROI: 12%
105 m²
+7 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£7,050

Total Cash In

£55,800

 

 

Cash Out

 

Room Rate

£503

Gross Rent

£2,012

Running Costs/mo

£1,473

Cashflow/mo

£539

Cashflow/yr

£6,468

ROI

12%

Gross Yield

12%













Property History

Listed for £195,000

October 4, 2024

Sold for £118,000

2022

Sold for £23,000

1996

Floor Plans

Description

Belvoir Crewe and Nantwich are pleased to present this beautifully renovated 3-bedroom terraced home, finished to a high standard and designed with HMO licensing standards in mind. Located on Nelson Street, this spacious property offers comfortable modern living, perfect for families or professionals. Investors may also take interest since there is little work left to be done to adapt the property into a House of Multiple Occupancy or two separate dwellings (subject to planning permission). The property features two generous receptions, both filled with natural light and offer a versatile living space to the ground floor. There is a convenient downstairs wet room with a walk-in shower as an additional benefit, designed with a seamless and chic finish. The contemporary kitchen is fitted with stylish cabinetry and quality appliances with room for breakfast table and French doors leading to the garden. To the first floor, there are three well-proportioned bedrooms. The master bedroom includes fitted wardrobes with mirrored doors. Externally, the garden features multiple seating spots with a patio from the French doors, turfed lawn and decked area towards the rear access. This property is ready to move into and would make an excellent family home or investment opportunity. EPC rating: C. Tenure: Freehold,

Agent Details

Belvoir, Crewe

01274 041011

Next Steps?

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