2 Bed Semi-Detached House, Refurb/BRRR, Crewe, CW1 2NE, £100,000

Newton Street, Crewe, CW1 2NE - 4 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~68 m²
+3 photos

ValuationOvervalued

Sold Prices£62.5K - £165K
Sold Prices/m²£875/m² - £2.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£83,300

 

 

End Value (After Refurb)

£97,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Refurb Costs

£28,697

Bridging Loan Interest

£2,625

Total Cash In

£64,272

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£97,750

Mortgage (After Refinance)

£73,313

Mortgage LTV

75%

Cash Left In

£64,272

Equity

£24,438

Rent Range

£450 - £1,600

Rent Estimate

£768

Running Costs/mo

£479

Cashflow/mo

£289

Cashflow/yr

£3,467

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £62.5K to £165K, average is £101K. £875/m² to £2.6K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£82.5K10/200.09 mi98, Oakley Street, Crewe, Cheshire East CW1 2NL2
£100K11/220.2 mi88, Victoria Street, Crewe, Cheshire East CW1 2JL2
£110K11/220.21 mi88a, Victoria Street, Crewe, Cheshire East CW1 2JL2
£100K04/230.23 mi6, Audley Street, Crewe, Cheshire East CW1 4BT2
£85K10/200.25 mi24, Broad Street, Crewe, Cheshire East CW1 3DF2
£110K12/210.25 mi66, Ridgway Street, Crewe, Cheshire CW1 4BY2
£102K12/200.25 mi36, Ridgway Street, Crewe, Cheshire East CW1 4BY2
£107K04/210.26 mi6, Broad Street, Crewe, Cheshire East CW1 3DF2
£95K03/210.26 mi60, Middlewich Street, Crewe, Cheshire East CW1 4DA2
£120K07/230.27 mi9, Betley Street, Crewe, Cheshire East CW1 2LE2
£64K01/210.3 mi18, Browning Street, Crewe, Cheshire East CW1 3BB2
£75K11/200.3 mi160, Henry Street, Crewe, Cheshire CW1 4BQ2
£112K03/210.3 mi22, Greystone Park, Crewe, Cheshire CW1 2AL2
£112K03/210.3 mi22, Greystone Park, Crewe, Cheshire CW1 2AL2
£98.8K03/210.3 mi48, Greystone Park, Crewe, Cheshire CW1 2AL2
£111K12/220.3 mi29, Greystone Park, Crewe, Cheshire East CW1 2AL2
£132.5K09/210.31 mi3, Micklewright Avenue, Crewe, Cheshire CW1 4DF2
£105K01/210.31 mi23, Micklewright Avenue, Crewe, Cheshire CW1 4DF2
£132.5K01/210.31 mi24, Micklewright Avenue, Crewe, Cheshire East CW1 4DF2
£110K03/210.33 mi16, Mary Street, Crewe, Cheshire East CW1 4AJ2
£101K03/210.33 mi11, Charlesworth Street, Crewe, Cheshire CW1 4DE2
£107.5K01/210.33 mi13, Charlesworth Street, Crewe, Cheshire CW1 4DE2
£70K06/230.35 mi38, Flag Lane, Crewe, Cheshire East CW1 3BG2
£105K03/230.36 mi20, Richard Moon Street, Crewe, Cheshire East CW1 3AX2
£94K06/210.38 mi75, Badger Avenue, Crewe, Cheshire East CW1 3JQ2
£127K02/210.39 mi178, Henry Street, Crewe, Cheshire CW1 4BG2
£165K01/230.39 mi182, Henry Street, Crewe, Cheshire East CW1 4BG2
£87K01/210.39 mi22, Rigg Street, Crewe, Cheshire CW1 3EB2
£143.5K06/210.41 mi31a, Singleton Avenue, Crewe, Cheshire East CW1 3TY2
£74K01/210.41 mi39, Wistaston Road, Crewe, Cheshire CW2 7RA2
£73K12/200.41 mi39, Hall O'shaw Street, Crewe, Cheshire East CW1 4AE2
£108K03/210.41 mi34, Queen Street, Crewe, Cheshire CW1 4AL2
£93.5K04/210.42 mi64, Richard Street, Crewe, Cheshire East CW1 3AG2
£100K08/230.42 mi52, Richard Street, Crewe, Cheshire East CW1 3AG2
£105K03/230.42 mi60, Richard Street, Crewe, Cheshire East CW1 3AG2
£62.5K12/200.42 mi60, Richard Street, Crewe, Cheshire East CW1 3AG2
£105K03/210.42 mi47, Richard Street, Crewe, Cheshire CW1 3AG2
£98K03/210.42 mi51, Bright Street, Crewe, Cheshire East CW1 3AQ2
£129.9K08/230.42 mi20, Ford Close, Crewe, Cheshire East CW1 3JL2
£90K07/230.43 mi7, Fletcher Street, Crewe, Cheshire East CW1 3EE2
£105K10/200.44 mi37, Vincent Street, Crewe, Cheshire CW1 4AA2
£85K01/210.44 mi25, Vincent Street, Crewe, Cheshire CW1 4AA2
£101K11/220.44 mi25, Wistaston Road, Crewe, Cheshire East CW2 7RA2
£149K02/210.44 mi36, Woodland Gardens, Crewe, Cheshire East CW1 4JS2
£93K11/220.45 mi104, Flag Lane, Crewe, Cheshire East CW2 7QU2
£76K06/230.45 mi80, Wistaston Road, Crewe, Cheshire East CW2 7RE2
£95.2K02/240.46 mi89, Flag Lane, Crewe, Cheshire East CW2 7QT2
£90K10/210.46 mi9, Surrey Street, Crewe, Cheshire East CW1 4AB2
£96K11/210.46 mi13, Surrey Street, Crewe, Cheshire CW1 4AB2
£110K06/210.47 mi45, Ford Lane, Crewe, Cheshire CW1 3EQ2

Local Rents

50 rents from £450/mo to £1.6K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£69511/240.01 mi-2
£75004/250.11 mi-2
£87511/240.16 mi-2
£80003/250.16 mi-2
£87512/240.19 mi-2
£85012/240.21 mi-2
£74512/240.23 mi-2
£85003/250.23 mi-2
£75001/240.26 mi-2
£79501/250.26 mi-2
£77512/230.27 mi-2
£70004/250.27 mi-2
£70012/240.28 mi-2
£75012/240.3 miHenry Street, Crewe, CW12
£45012/240.3 miDelemere2
£71512/240.31 miMiddlewich Street, Crewe, CW12
£85003/250.31 mi-2
£75001/250.33 mi-2
£75003/250.34 mi-2
£1,60003/250.35 mi-2
£95004/250.36 mi-2
£75012/240.39 miRigg Street, CW12
£67512/240.41 miAmbuscade Close, Crewe2
£72511/240.41 mi-2
£77512/240.42 miBright St, Crewe2
£76512/240.43 mi-2
£76512/240.43 mi-2
£76512/240.43 mi-2
£75012/240.44 mi-2
£75012/240.44 miFlag Lane, Crewe, CW22
£82504/250.44 mi-2
£75012/240.45 mi-2
£77512/240.45 miWalthall Street, Crewe, CW22
£67512/240.46 mi-2
£67502/250.46 mi-2
£72502/240.49 mi-2
£95012/240.5 mi-2
£75012/240.5 miWistaston Road2
£55012/240.51 miBrook Street, Crewe2
£70003/250.51 mi-2
£58012/240.56 mi-2
£62512/240.57 miCrewe, Cheshire, CW22
£69502/250.58 mi-2
£75011/230.58 mi-2
£75001/240.58 mi-2
£75003/250.59 mi-2
£77512/240.59 miBadger Avenue, CW12
£80002/250.61 mi-2
£80004/250.61 mi-2
£75012/240.62 miApartment Block Partridge Close, Crewe , CW12

Local Area Statistics

Population in CW1

42,160

Population in Crewe

101,534

Town centre distance

0.38 miles away

Nearest school

0.20 miles away

Nearest train station

0.89 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £100,000

December 26, 2024

Description

  • No Onward Chain +
  • 2 Bedroom +
  • Semi Detached Property +
  • Small Yard +
  • Great Location +
  • Large Family Bathroom +

Downstairs, you’ll find a spacious lounge and dining room, providing plenty of room for family living and entertaining. The kitchen, while in need of modernisation, offers potential to create a lovely heart of the home. At the rear of the property, there is a good-sized yard, ideal for outdoor enjoyment.

Upstairs, the property features two generous double bedrooms, offering ample space for relaxation or work. The family bathroom, also in need of updating, is a great size and presents further opportunity for improvement. While the property does require modernisation throughout, its location and layout provide a solid foundation to create a beautiful home.

This property is perfect for those looking for a project in a great area, offering excellent potential for future improvement. Don’t miss out on this chance to make it your own!

Agent Details

Butters John Bee, Crewe

01270 433339

Next Steps?

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