Potential 4-Bed HMO, Crewe, CW2 7AR £125,000

86 Mill Street, Crewe, Cheshire East, CW2 7AR - 75 views - a year ago
Sold STC
HMO
ROI: 24%
86 m²
Property image
Property image
Property image
Property image

ValuationOvervalued

Sold Prices£72.5K - £172.5K
Sold Prices/m²£806/m² - £2.3K/m²

 

 

Square Metres

86 m²
Price/m²£1.5K/m²

Value Estimate

£107,500

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£5,100

Total Cash In

£36,350

 

 

Cash Out

 

Room Rate

£503

Gross Rent

£2,012

Running Costs/mo

£1,232

Cashflow/mo

£780

Cashflow/yr

£9,356

ROI

26%

Gross Yield

19%

Local Sold Prices

50 sold prices from £72.5K to £172.5K, average is £130K. £806/m² to £2.3K/m², average is £1.3K/m².

Price
Date
Distance
Address
Beds
 
£72.5K01/250.06 mi48, Lord Street, Crewe, Cheshire East CW2 7DH3
£90K05/230.06 mi29, Lord Street, Crewe, Cheshire East CW2 7DH3
£130K07/230.07 mi92, Lord Street, Crewe, Cheshire East CW2 7DL3
£120K05/230.07 mi69, Lord Street, Crewe, Cheshire East CW2 7DL3
£115K09/230.12 mi1, Stalbridge Road, Crewe, Cheshire East CW2 7LR3
£150K03/230.16 mi61, Derrington Avenue, Crewe, Cheshire East CW2 7JB3
£143K02/230.17 mi100, Brooklyn Street, Crewe, Cheshire East CW2 7JE3
£135K02/250.17 mi96, Nelson Street, Crewe CW2 7LN3
£135K02/250.17 mi96, Nelson Street, Crewe CW2 7LN3
£109K08/230.17 mi25, Lawton Street, Crewe, Cheshire East CW2 7HZ3
£150K04/230.18 mi1, Nelson Street, Crewe, Cheshire East CW2 7LN3
£114.5K05/230.18 mi33, Nelson Street, Crewe, Cheshire East CW2 7LN3
£120K08/230.2 mi40, Brooklyn Street, Crewe, Cheshire East CW2 7JF3
£135K12/240.21 mi50, Nelson Street, Crewe CW2 7LJ3
£110K07/230.22 mi21, Electricity Street, Crewe, Cheshire East CW2 7EW3
£131K03/250.22 mi68, Westminster Street, Crewe CW2 7LF3
£131K03/250.22 mi68, Westminster Street, Crewe CW2 7LF3
£118K03/230.22 mi26, Nile Street, Crewe, Cheshire East CW2 7LL3
£135K07/230.23 mi127, Derrington Avenue, Crewe, Cheshire East CW2 7JA3
£122K03/230.23 mi32, Nelson Street, Crewe, Cheshire East CW2 7LJ3
£137.5K02/230.24 mi54, Westminster Street, Crewe, Cheshire East CW2 7LF3
£120K01/240.24 mi34, Westminster Street, Crewe, Cheshire East CW2 7LG3
£147K01/250.25 mi10, Nelson Street, Crewe CW2 7LJ3
£96K08/250.26 mi26, Gresty Road, Crewe CW2 6DY3
£120K10/230.26 mi246, Walthall Street, Crewe, Cheshire East CW2 7LD3
£120K01/230.26 mi242, Walthall Street, Crewe, Cheshire East CW2 7LD3
£172.5K03/250.29 mi148, Ruskin Road, Crewe CW2 7JX3
£116K03/250.29 mi158, Ruskin Road, Crewe CW2 7JX3
£120K08/230.29 mi191, Ruskin Road, Crewe, Cheshire East CW2 7JX3
£130K12/210.29 mi164, Ruskin Road, Crewe, Cheshire CW2 7JX3
£165K12/220.29 mi148, Ruskin Road, Crewe, Cheshire East CW2 7JX3
£122.5K03/240.3 mi71, Catherine Street, Crewe, Cheshire East CW2 6HE3
£130K04/240.3 mi61, Catherine Street, Crewe, Cheshire East CW2 6HD3
£138K11/230.31 mi76, Ruskin Road, Crewe, Cheshire East CW2 7JS3
£155K12/230.31 mi70, Ruskin Road, Crewe, Cheshire East CW2 7JS3
£160K08/230.32 mi214, Ruskin Road, Crewe, Cheshire East CW2 7JY3
£147K06/230.33 mi49, Alton Street, Crewe, Cheshire East CW2 7QG3
£100K07/230.34 mi8, Bedford Street, Crewe, Cheshire East CW2 6JA3
£105K07/230.34 mi73, Bedford Street, Crewe, Cheshire East CW2 6JB3
£115K08/230.34 mi51, Bedford Street, Crewe, Cheshire East CW2 6JB3
£125K05/250.35 mi44, Ruskin Road, Crewe CW2 7JR3
£125K05/250.35 mi44, Ruskin Road, Crewe CW2 7JR3
£147.5K05/250.35 mi73, Ruskin Road, Crewe CW2 7JS3
£147.5K05/250.35 mi73, Ruskin Road, Crewe CW2 7JS3
£135K06/250.36 mi107, Bedford Street, Crewe CW2 6JB3
£135K06/250.36 mi107, Bedford Street, Crewe CW2 6JB3
£148K07/230.36 mi47, Ernest Street, Crewe, Cheshire East CW2 6JE3
£145K11/230.36 mi45, Ernest Street, Crewe, Cheshire East CW2 6JE3
£110.5K06/230.36 mi46, Ernest Street, Crewe, Cheshire East CW2 6JE3
£140K06/210.37 mi73, Alton Street, Crewe, Cheshire CW2 7QF3

Local Area Statistics

Population in CW2

40,751

Population in Crewe

101,534

Town centre distance

0.31 miles away

Nearest school

0.30 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Price changed to £125,000

January 15, 2025

Listed for £130,000

October 11, 2024

Sold for £67,000

2015

Description

  • NO CHAIN +
  • Three Bedrooms +
  • Well Presented +
  • Ideal Investment +
  • Great Living Space To Ground Floor +
  • Close To Town Centre, Shops & Train Station +
  • Previously utilized as a HMO & Tenanted +
  • Great First Home +
  • Must View... +

Upon entering, you are greeted by an entrance that leads to a lounge, a versatile snug/bedroom/reception room, and a kitchen/diner.

Upstairs, you will find three good-sized rooms and a family bathroom.

Outside, The private garden to the rear provides a tranquil space for relaxation or entertaining.

Previously used as a HMO & investment. Close to all local amenities & the train station.

To schedule a viewing of this promising property, please contact us to arrange a suitable time.
Don't miss out on the opportunity for a great investment or First home..!

Agent Details

Butters John Bee, Crewe

01270 433339

Next Steps?

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