2 Bed Flat, Single Let, Crewe, CW1 2JB, £75,000

46 St. Marys Street, Crewe, Cheshire, CW1 2JB - 4 months ago

Leasehold
BTL
ROI: 13%
~61 m²
+11 photos

ValuationUndervalued

Sold Prices£60K - £123.3K
Sold Prices/m²£1.2K/m² - £1.7K/m²

 

 

Square Metres

~61.20 m²
Price/m²£1.2K/m²

Value Estimate

£84,112
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Total Cash In

£23,700

 

 

Cash Out

 

Rent Range

£450 - £1,600

Rent Estimate

£650

Running Costs/mo

£384

Cashflow/mo

£266

Cashflow/yr

£3,188

ROI

13%

Gross Yield

10%

Local Sold Prices

21 sold prices from £60K to £123.3K, average is £84K. £1.2K/m² to £1.7K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£77K04/220.1 miFlat 9, Worsdell House, Blount Close, Crewe, Cheshire East CW1 3BF2
£92K06/230.1 miFlat 5, Worsdell House, Blount Close, Crewe, Cheshire East CW1 3BF2
£106.5K05/210.11 miFlat 2, Sackfield House, Blount Close, Crewe, Cheshire CW1 3EU2
£78.5K03/220.11 miFlat 5, Beames House, Harrison Drive, Crewe, Cheshire East CW1 3DA2
£77.5K12/210.11 miFlat 8, Trevithick House, Harrison Drive, Crewe, Cheshire East CW1 3DA2
£98K02/230.12 miFlat 5, Allan House, Blount Close, Crewe, Cheshire East CW1 3BX2
£76K07/230.14 miFlat 10, Beames House, Blount Close, Crewe, Cheshire East CW1 3DB2
£77K09/210.14 miFlat 9, Beames House, Blount Close, Crewe, Cheshire CW1 3DB2
£70K01/230.14 miFlat 3, Ivatt House, Blount Close, Crewe, Cheshire East CW1 3BJ2
£82K11/220.32 miApartment 8, Ludford Court, Badger Avenue, Crewe, Cheshire East CW1 3DZ2
£73K04/220.32 miApartment 12a, Ludford Court, Badger Avenue, Crewe, Cheshire East CW1 3DZ2
£98K12/210.32 mi25, Alton Street, Crewe, Cheshire CW2 7QQ2
£123.3K05/220.37 mi171, Market Street, Crewe, Cheshire East CW1 2NB2
£115K06/230.39 mi22a, Gainsborough Road, Crewe, Cheshire East CW2 7PH2
£120K02/220.48 miApartment 15, Junction House, Dale Way, Crewe, Cheshire East CW1 3GU2
£85K08/210.49 miApartment 7, Carriage House, Dale Way, Crewe, Cheshire East CW1 3GW2
£84K12/200.49 miApartment 4, Junction House, Dale Way, Crewe, Cheshire East CW1 3GU2
£80.5K04/230.49 mi44, Stalbridge Road, Crewe, Cheshire East CW2 7LP2
£60K03/220.92 mi54a, Coleridge Way, Crewe, Cheshire East CW1 5LE2
£87.5K02/220.92 mi39, Ludlow Avenue, Crewe, Cheshire East CW1 6DZ2
£90K04/231 mi110, Remer Street, Coppenhall, Crewe, Cheshire East CW1 4LT2

Local Rents

50 rents from £450/mo to £1.6K/mo, average is £758/mo.

RentDateDistanceAddressBeds 
£45012/240.01 miDelemere2
£85003/250.07 mi-2
£74512/240.07 mi-2
£87512/240.11 mi-2
£85003/250.16 mi-2
£75012/240.17 mi-2
£75012/240.17 miFlag Lane, Crewe, CW22
£75012/240.18 mi-2
£70012/240.2 mi-2
£85012/240.21 mi-2
£75012/240.22 miWistaston Road2
£77512/230.22 mi-2
£72511/240.23 mi-2
£70003/250.25 mi-2
£77512/240.25 miBright St, Crewe2
£77512/240.25 miWalthall Street, Crewe, CW22
£75004/250.28 mi-2
£95004/250.29 mi-2
£72502/240.29 mi-2
£87511/240.3 mi-2
£69511/240.31 mi-2
£76512/240.33 mi-2
£76512/240.33 mi-2
£76512/240.33 mi-2
£75012/240.33 miRigg Street, CW12
£80003/250.34 mi-2
£75003/250.38 mi-2
£80002/250.4 mi-2
£80003/250.4 mi-2
£70012/240.41 miDenver Avenue, Crewe, CW2 7PX2
£75012/240.42 miApartment Block Partridge Close, Crewe , CW12
£72503/250.42 mi-2
£69502/250.43 mi-2
£77512/240.43 miPartridge Close, Crewe, CW12
£55012/240.44 miBrook Street, Crewe2
£62512/240.47 miCrewe, Cheshire, CW22
£1,60003/250.53 mi-2
£77512/240.55 miBadger Avenue, CW12
£80003/250.55 mi-2
£80004/250.55 mi-2
£75001/240.56 mi-2
£79501/250.56 mi-2
£95012/240.56 mi-2
£71512/240.58 miMiddlewich Street, Crewe, CW12
£77512/240.59 miLord Street, Crewe,2
£75012/240.59 miHenry Street, Crewe, CW12
£77502/250.59 mi-2
£1,40003/250.6 mi-2
£75003/250.61 mi-2
£75001/250.62 mi-2

Local Area Statistics

Population in CW1

42,160

Population in Crewe

101,534

Town centre distance

0.44 miles away

Nearest school

0.20 miles away

Nearest train station

0.87 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Price changed to £75,000

March 20, 2025

Price changed to £64,000

January 15, 2025

Listed for £68,000

December 19, 2024

Floor Plans

Description

  • Modern First Floor Apartment +
  • Spacious Open Plan Kitchen/Living Room/Diner +
  • Two Double Bedrooms +
  • Well Maintained +
  • Secure Off Road Parking +
  • Central Location +
  • Close To Local Amenities +
  • Tenant In Situ +
  • Investment Opportunity +
  • Must Be Viewed +

Located in the heart of Crewe, this modern first floor apartment presents an excellent opportunity for investors, situated in a central location with a tenant already in situ paying £650 pcm. This means you can start generating rental income immediately upon purchase.

Boasting two generously sized double bedrooms, the property offers ample space for relaxation and privacy. The highlight of this apartment is undoubtedly the superb open plan living, dining and kitchen area, which is designed to create a welcoming atmosphere. The inclusion of a Juliet balcony allows natural light to flood the space, enhancing the overall appeal. The modern fitted kitchen is equipped with contemporary appliances.

The apartment also features a stylishly appointed bathroom, ensuring that all your needs are met in this well thought out living space. For added convenience and security, the property benefits from secure parking and intercom access, providing peace of mind for residents.

Situated in a central location, this apartment is not only ideal for personal living but also represents a promising investment opportunity, with a tenant already in situ. This means you can start generating rental income immediately upon purchase.

In summary, this modern apartment in Delamere Court is a must view for anyone looking to invest in a property that combines comfort, style and practicality in a prime location. Don’t miss out on the chance to make this exceptional space your own or to add it to your investment portfolio.

Entrance Hall -

Kitchen/Lounge/Diner - 7.17m x 3.45m (23'6" x 11'3") -

Bedroom One - 5.08m x 2.29m (16'7" x 7'6") -

Bedroom Two - 3.89m x 2.14m (12'9" x 7'0") -

Bathroom -

Externally -

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?

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