2 Bed Terraced House, Refurb/BRRR, Crewe, CW1 4AJ, £130,000

12 Mary Street, Crewe, CW1 4AJ - 3 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~67 m²
+7 photos

ValuationOvervalued

Sold Prices£73K - £175K
Sold Prices/m²£1.1K/m² - £3K/m²

 

 

Square Metres

~66.80 m²
Price/m²£1.9K/m²

Value Estimate

£93,500

 

 

End Value (After Refurb)

£110,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£28,145

Bridging Loan Interest

£3,413

Total Cash In

£73,608

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£110,000

Mortgage (After Refinance)

£82,500

Mortgage LTV

75%

Cash Left In

£73,608

Equity

£27,500

Rent Range

£450 - £1,600

Rent Estimate

£768

Running Costs/mo

£517

Cashflow/mo

£251

Cashflow/yr

£3,008

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £73K to £175K, average is £110.5K. £1.1K/m² to £3K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£110K03/210.01 mi16, Mary Street, Crewe, Cheshire East CW1 4AJ2
£108K03/210.07 mi34, Queen Street, Crewe, Cheshire CW1 4AL2
£111K12/220.1 mi29, Greystone Park, Crewe, Cheshire East CW1 2AL2
£112K03/210.1 mi22, Greystone Park, Crewe, Cheshire CW1 2AL2
£112K03/210.1 mi22, Greystone Park, Crewe, Cheshire CW1 2AL2
£98.8K03/210.1 mi48, Greystone Park, Crewe, Cheshire CW1 2AL2
£127K02/210.1 mi178, Henry Street, Crewe, Cheshire CW1 4BG2
£165K01/230.1 mi182, Henry Street, Crewe, Cheshire East CW1 4BG2
£75K11/200.13 mi160, Henry Street, Crewe, Cheshire CW1 4BQ2
£73K12/200.14 mi39, Hall O'shaw Street, Crewe, Cheshire East CW1 4AE2
£90K10/210.14 mi9, Surrey Street, Crewe, Cheshire East CW1 4AB2
£96K11/210.14 mi13, Surrey Street, Crewe, Cheshire CW1 4AB2
£97.5K04/210.14 mi7, Chestnut Grove, Crewe, Cheshire CW1 4BD2
£105K01/230.15 mi6, Beech Grove, Crewe, Cheshire East CW1 4ED2
£105K10/200.15 mi37, Vincent Street, Crewe, Cheshire CW1 4AA2
£85K01/210.15 mi25, Vincent Street, Crewe, Cheshire CW1 4AA2
£112.2K12/200.2 mi20, Hallshaw Avenue, Crewe, Cheshire CW1 4AY2
£145K03/210.2 mi4, Hallshaw Avenue, Crewe, Cheshire CW1 4AY2
£100K04/230.26 mi6, Audley Street, Crewe, Cheshire East CW1 4BT2
£110K12/210.27 mi66, Ridgway Street, Crewe, Cheshire CW1 4BY2
£102K12/200.27 mi36, Ridgway Street, Crewe, Cheshire East CW1 4BY2
£159.9K04/210.29 mi51, Coleridge Way, Crewe, Cheshire CW1 5JX2
£132.5K09/210.32 mi3, Micklewright Avenue, Crewe, Cheshire CW1 4DF2
£105K01/210.32 mi23, Micklewright Avenue, Crewe, Cheshire CW1 4DF2
£132.5K01/210.32 mi24, Micklewright Avenue, Crewe, Cheshire East CW1 4DF2
£101K03/210.32 mi11, Charlesworth Street, Crewe, Cheshire CW1 4DE2
£107.5K01/210.32 mi13, Charlesworth Street, Crewe, Cheshire CW1 4DE2
£95K03/210.33 mi60, Middlewich Street, Crewe, Cheshire East CW1 4DA2
£93K07/230.34 mi218, Hungerford Road, Monks Coppenhall, Crewe, Cheshire East CW1 6EX2
£101K11/200.35 mi37, Gresty Terrace, Crewe, Cheshire CW1 5EN2
£150K12/200.36 mi43, Coleridge Way, Crewe, Cheshire CW1 5JW2
£141K05/210.36 mi15, Coleridge Way, Crewe, Cheshire CW1 5JW2
£105K10/200.36 mi4, Hungerford Avenue, Crewe, Cheshire East CW1 6ER2
£160K08/210.39 mi19, Hungerford Avenue, Crewe, Cheshire CW1 6EP2
£127K07/210.4 mi11, Lea Avenue, Crewe, Cheshire CW1 6HQ2
£82.5K10/200.4 mi98, Oakley Street, Crewe, Cheshire East CW1 2NL2
£156.3K04/210.41 mi8, Tennyson Avenue, Crewe, Cheshire East CW1 5JR2
£149K02/210.43 mi36, Woodland Gardens, Crewe, Cheshire East CW1 4JS2
£120K10/210.46 mi23, Betjeman Way, Crewe, Cheshire East CW1 5FS2
£150K06/210.47 mi93, Rochester Crescent, Crewe, Cheshire CW1 5YQ2
£175K04/230.47 mi95, Rochester Crescent, Crewe, Cheshire East CW1 5YQ2
£167.5K05/230.47 mi74, Rochester Crescent, Crewe, Cheshire East CW1 5YQ2
£128K11/200.47 mi2, Grange Close, Crewe, Cheshire East CW1 6HJ2
£135K01/230.48 mi34, Sorbus Drive, Crewe, Cheshire East CW1 4EX2
£120K07/230.48 mi9, Betley Street, Crewe, Cheshire East CW1 2LE2
£159.9K08/210.48 mi69, Heron Crescent, Crewe, Cheshire CW1 5YB2
£100K11/220.5 mi88, Victoria Street, Crewe, Cheshire East CW1 2JL2
£110K04/210.5 mi62, Sorbus Drive, Crewe, Cheshire CW1 4EX2
£110K11/220.51 mi88a, Victoria Street, Crewe, Cheshire East CW1 2JL2
£152K06/230.52 mi14, Brook Close, Crewe, Cheshire East CW1 6HR2

Local Rents

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

RentDateDistanceAddressBeds 
£67512/240.07 miAmbuscade Close, Crewe2
£75001/250.11 mi-2
£67512/240.13 mi-2
£67502/250.13 mi-2
£75012/240.13 miHenry Street, Crewe, CW12
£82503/250.15 mi-2
£75001/240.16 mi-2
£79501/250.16 mi-2
£1,60003/250.2 mi-2
£58012/240.3 mi-2
£75011/230.31 mi-2
£75001/240.31 mi-2
£69511/240.33 mi-2
£71512/240.36 miMiddlewich Street, Crewe, CW12
£65012/240.38 mi-2
£75003/250.39 mi-2
£75003/250.44 mi-2
£77512/230.45 mi-2
£80003/250.45 mi-2
£87511/240.48 mi-2
£87512/240.49 mi-2
£95003/250.49 mi-2
£74512/240.53 mi-2
£85003/250.54 mi-2
£85012/240.55 mi-2
£55012/240.57 miBrook Street, Crewe2
£45012/240.6 miDelemere2
£72511/240.61 mi-2
£70012/240.61 mi-2

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

0.81 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £130,000

January 17, 2025

Floor Plans

Description

  • Chain Free +
  • Ideal For First Time Buyers And Investors +
  • New Kitchen and Bathroom +
  • Short Walk to Grand Junction Retail Park +
  • Two Double Bedrooms +
  • Recently Redecorated & New Carpets +
  • Driveway Parking +
  • Council Tax Band: A +
  • Viewing Highly Recommended +
  • Sure To Impress +

Stephenson Browne are thrilled to offer for sale this CHAIN FREE mid terrace property on Mary Street! An ideal opportunity for first time buyers and investors alike, this spacious and modern two bedroom home boasts a welcoming atmosphere, perfect for those looking to settle into a comfortable living space.

Upon entering, you will find a well proportioned reception room that offers a versatile area for relaxation and entertaining. The property features a newly fitted kitchen and bathroom, ensuring that you can enjoy contemporary amenities without the need for immediate renovations. The recent redecoration throughout the home, complemented by new carpets, adds a fresh and inviting touch, making it ready for you to move in.

The two bedrooms provide ample space for rest and privacy, catering to a variety of living arrangements. Additionally, the property benefits from invaluable off road parking, a rare find in terraced homes, especially this close to the town centre.

Conveniently located close to the Grand Junction Retail Park and Crewe Railway Station, this is a rare opportunity for all kinds of buyers. Don't miss out - call us today to book your viewing appointment.

Hallway -

Living Room - 4.5m x 4.4m (14'9" x 14'5") -

Kitchen - 2.5m x 3m (8'2" x 9'10") -

Stairs To First Floor -

Bedroom One - 4.5m x 3m (14'9" x 9'10") -

Bedroom Two - 2.5m x 3.7m (8'2" x 12'1") -

Bathroom - 1.8m x 1.8m (5'10" x 5'10") -

Externally - Low maintenance rear garden space with patio. At the front there is a paved driveway with a lawn adjacent.

Council Tax - Band A.

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?

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