Potential 4-Bed HMO, Crewe, CW1 5EW, £170,000

Gresty Terrace, Crewe, Cheshire, CW1 5EW - 5 views - 2 months ago

Sold STC
HMO
ROI: 11%
~93 m²
+14 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,600

Total Cash In

£49,100

 

 

Cash Out

 

Room Rate

£468

Gross Rent

£1,872

Running Costs/mo

£1,356

Cashflow/mo

£516

Cashflow/yr

£6,189

ROI

13%

Gross Yield

13%













Property History

Price changed to £170,000

February 20, 2025

Listed for £180,000

February 5, 2025

Floor Plans

Description

  • No Onward Chain +
  • Renovated throughout +
  • Three Double Bedrooms With Fitted Wardrobes +
  • Master Bedroom With Ensuite Bathroom +
  • Porch & Hallway With WC +
  • Driveway For Two Cars +
  • Landscaped Low Maintenance Garden +
  • Modern Kitchen & Bathrooms +
  • Located Next to Macon Meadows Park Area +

Whitegates in Crewe is excited to present this three-bedroom mid-terrace property. Virtual Tour Available. Nestled in a quiet and private position next to Macon Meadows park area, this stunning home offers a quiet setting with no through traffic. From the moment you enter, you’ll appreciate the spacious and stylish layout that makes moving in a breeze. The property features a welcoming porch, leading to a hallway with a convenient WC. Having three generously sized double bedrooms, with the master suite boasting a modern en-suite bathroom, perfectly complementing the contemporary family bathroom. The impressive kitchen with ample dining space and the spacious living room provides comfortable living space, while the fully landscaped and private rear garden offers low-maintenance. Plus, the convenience of driveway parking for two cars. Contact Whitegates in Crewe for more information.

This property features a porch with built-in storage. Upon entering, you'll find a welcoming entrance hall that features a convenient downstairs WC. Leading from the hall is a modern kitchen and dining room that faces the front of the house, allowing for plenty of natural light. The kitchen is equipped with contemporary cupboard units and offers generous space for a complete range of appliances. It includes an integrated electric oven, grill, and electric hob, with an extractor unit above. There is also ample room for a dining area. The tastefully decorated living room, which is both spacious and inviting, is located at the rear of the house. It features a large window overlooking the rear garden. Additionally, an inner hallway leads to an external door out to the garden.

This home offers three generously sized bedrooms and two beautifully designed bathrooms, perfect for comfortable living. The master bedroom features an ensuite bathroom, complete with a shower enclosure, sink and toilet. The second bedroom, also a spacious double, while the third bedroom could accommodate a double bed. All bedrooms include fitted wardrobes. Additionally, the accommodation includes a stylish three-piece family bathroom, with a large shower enclosure, luxury tiling, sink, and toilet.

At the rear, you’ll find a generous, enclosed patio area, fully landscaped for easy low maintenance and adorned with stone flagging. Enjoying a private aspect. To the front, the property has a driveway that can comfortably accommodate multiple vehicles.

The property would provide a comfortable home for a family, but all the safety requirements for a HMO have also been put in place to meet regulations. The property has the potential to gross £1,750+ a month if let on that basis, making it ideal for investors, as well as homebuyers. Don't miss the opportunity to make this property your own and enjoy its spacious, modern features.

Tenure - Freehold
Council Tax Band - A
EPC Rating - C

The house is located next to Macon Meadows, a spacious park that provides an excellent recreational facility and beautiful views from the front. It is a 12-minute walk to the railway station and within easy walking distance of the impressive Local Authority "Lifestyle Centre," which features a fantastic swimming pool and gym.

Easy access into the Crewe Town Centre, Sandbach bypass, M6 and A500 makes this home a commuters dream. The train station and bus station are within close proximity and there are plenty of bus stops within touching distance.

Crewe Town Centre offers an abundance of local amenities, working opportunities as well as sporting facilities. Slightly further to the South West you will find Nantwich, which is a beautiful and historic Town filled with boutique shops, historical buildings, sporting facilities, bars and restaurants.

The area offers an excellent choice of highly regarded primary and secondary schools. Secondary schools include Sir William Stanier and primary schools include Monks Coppenhall, Hungerford Primary and Brierley Primary. The property is also situated in very close proximity to Springfield School in Crewe.

Agent Details

Whitegates, Crewe

01270 433736

Next Steps?

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

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