2 Bed Bungalow, Refurb/BRRR, Crewe, CW1 5JW, £140,000

Coleridge Way, Crewe, Cheshire, CW1 5JW - 4 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~71 m²
+9 photos

ValuationOvervalued

Sold Prices£73K - £195K
Sold Prices/m²£1.1K/m² - £5.4K/m²

 

 

Square Metres

~70.70 m²
Price/m²£2K/m²

Value Estimate

£129,107

 

 

End Value (After Refurb)

£150,159

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,500

Refurb Costs

£29,788

Bridging Loan Interest

£3,675

Total Cash In

£78,713

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£150,159

Mortgage (After Refinance)

£112,619

Mortgage LTV

75%

Cash Released

£7,619

Cash Left In

£71,094

Equity

£37,540

Rent Range

£580 - £1,600

Rent Estimate

£784

Running Costs/mo

£646

Cashflow/mo

£138

Cashflow/yr

£1,655

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £73K to £195K, average is £127K. £1.1K/m² to £5.4K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£150K12/200.02 mi43, Coleridge Way, Crewe, Cheshire CW1 5JW2
£141K05/210.02 mi15, Coleridge Way, Crewe, Cheshire CW1 5JW2
£156.3K04/210.09 mi8, Tennyson Avenue, Crewe, Cheshire East CW1 5JR2
£159.9K04/210.1 mi51, Coleridge Way, Crewe, Cheshire CW1 5JX2
£93K07/230.12 mi218, Hungerford Road, Monks Coppenhall, Crewe, Cheshire East CW1 6EX2
£127K07/210.15 mi11, Lea Avenue, Crewe, Cheshire CW1 6HQ2
£105K10/200.2 mi4, Hungerford Avenue, Crewe, Cheshire East CW1 6ER2
£152K06/230.2 mi14, Brook Close, Crewe, Cheshire East CW1 6HR2
£90K10/210.2 mi9, Surrey Street, Crewe, Cheshire East CW1 4AB2
£96K11/210.2 mi13, Surrey Street, Crewe, Cheshire CW1 4AB2
£97.5K04/210.21 mi7, Chestnut Grove, Crewe, Cheshire CW1 4BD2
£160K08/210.21 mi19, Hungerford Avenue, Crewe, Cheshire CW1 6EP2
£169K11/200.22 mi15, Swinburne Drive, Crewe, Cheshire East CW1 5JE2
£101K11/200.22 mi37, Gresty Terrace, Crewe, Cheshire CW1 5EN2
£105K01/230.22 mi6, Beech Grove, Crewe, Cheshire East CW1 4ED2
£105K10/200.22 mi37, Vincent Street, Crewe, Cheshire CW1 4AA2
£85K01/210.22 mi25, Vincent Street, Crewe, Cheshire CW1 4AA2
£128K11/200.25 mi2, Grange Close, Crewe, Cheshire East CW1 6HJ2
£73K12/200.26 mi39, Hall O'shaw Street, Crewe, Cheshire East CW1 4AE2
£112.2K12/200.27 mi20, Hallshaw Avenue, Crewe, Cheshire CW1 4AY2
£145K03/210.27 mi4, Hallshaw Avenue, Crewe, Cheshire CW1 4AY2
£170K11/200.28 mi5, Laureston Avenue, Crewe, Cheshire CW1 5HU2
£159.9K08/210.28 mi69, Heron Crescent, Crewe, Cheshire CW1 5YB2
£108K03/210.29 mi34, Queen Street, Crewe, Cheshire CW1 4AL2
£140K07/210.29 mi16, Anderson Close, Crewe, Cheshire East CW1 5JB2
£195K11/220.3 mi81, Heron Crescent, Crewe, Cheshire East CW1 5YB2
£110K03/210.35 mi16, Mary Street, Crewe, Cheshire East CW1 4AJ2
£127K02/210.35 mi178, Henry Street, Crewe, Cheshire CW1 4BG2
£165K01/230.35 mi182, Henry Street, Crewe, Cheshire East CW1 4BG2
£111K12/220.36 mi29, Greystone Park, Crewe, Cheshire East CW1 2AL2
£112K03/210.36 mi22, Greystone Park, Crewe, Cheshire CW1 2AL2
£112K03/210.36 mi22, Greystone Park, Crewe, Cheshire CW1 2AL2
£98.8K03/210.36 mi48, Greystone Park, Crewe, Cheshire CW1 2AL2
£180.1K12/210.38 mi334, Sydney Road, Crewe, Cheshire CW1 5LS2
£160K01/230.38 mi185, Lansdowne Road, Crewe, Cheshire East CW1 5LR2
£120K10/210.39 mi23, Betjeman Way, Crewe, Cheshire East CW1 5FS2
£145K07/210.4 mi56, Ludlow Avenue, Crewe, Cheshire East CW1 6DY2
£121K06/210.4 mi52, Ludlow Avenue, Crewe, Cheshire East CW1 6DY2
£185K03/230.4 mi52, Ludlow Avenue, Crewe, Cheshire East CW1 6DY2
£120K04/210.44 mi21, Rochester Crescent, Crewe, Cheshire CW1 5YF2
£150K06/210.44 mi93, Rochester Crescent, Crewe, Cheshire CW1 5YQ2
£175K04/230.44 mi95, Rochester Crescent, Crewe, Cheshire East CW1 5YQ2
£167.5K05/230.44 mi74, Rochester Crescent, Crewe, Cheshire East CW1 5YQ2
£75K11/200.45 mi160, Henry Street, Crewe, Cheshire CW1 4BQ2
£140K06/230.47 mi1, Calder Avenue, Crewe, Cheshire East CW1 5NH2
£157.5K10/210.54 mi56, Herbert Street, Crewe, Cheshire East CW1 5LZ2
£103.5K01/210.55 mi17, Crewe Road, Crewe, Cheshire East CW1 6DS2
£158K12/220.58 mi10, Rhoden Street, Crewe, Cheshire East CW1 5ND2
£100K04/230.59 mi6, Audley Street, Crewe, Cheshire East CW1 4BT2
£102K12/200.6 mi36, Ridgway Street, Crewe, Cheshire East CW1 4BY2

Local Rents

14 rents from £580/mo to £1.6K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£65012/240.15 mi-2
£75001/240.15 mi-2
£75011/230.15 mi-2
£58012/240.17 mi-2
£82503/250.22 mi-2
£67512/240.22 mi-2
£67502/250.22 mi-2
£67512/240.29 miAmbuscade Close, Crewe2
£1,60003/250.36 mi-2
£75001/250.42 mi-2
£75012/240.45 miHenry Street, Crewe, CW12
£75001/240.49 mi-2
£79501/250.49 mi-2
£75012/240.59 miFoxholme Court, Sydney, CW1 5HF2

Local Area Statistics

Population in CW1

42,160

Population in Crewe

101,534

Town centre distance

0.52 miles away

Nearest school

0.40 miles away

Nearest train station

0.73 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £140,000

December 7, 2024

Floor Plans

Description

  • True Bungalow +
  • Semi Detached +
  • 2 Bedrooms +
  • Good Sized Living Area +
  • Separate Kitchen +
  • Off Road Parking +
  • Secure Rear Garden +
  • In Need Of Modernisation +
  • Perfect Refurbishment Project +
  • Close to Local Amenities and Transport Links +

Fantastic opportunity to purchase a true bungalow that will suit all your needs. In need of modernisation this 2 bedroom semi-detached bungalow oozes potential.

Located in a sought after residential location on the edge of Crewe town centre and walking distance to all local amenities and with excellent transport links, this property is sure to be popular.

In brief the accommodation comprises of: a useful entrance porch, kitchen with breakfast area, good sized reception room 2 bedrooms and family bathroom with 3 piece suite and shower.

Outside there are mature gardens to the front and rear, a driveway with car port providing off road parking. The rear garden is private and secure and also benefits from a large storage shed.

For more information or to arrange a viewing please contact Leaders at your earliest convenience.

Council Tax Band B

Agent Details

Leaders Sales, Crewe

01270 433550

Next Steps?

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