2 Bed Flat, Single Let, Crewe, CW2 7QL, £80,000

Lewis Street, Crewe, Cheshire, CW2 7QL - 2 months ago

Leasehold
BTL
ROI: 12%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£60K - £270K
Sold Prices/m²£1.2K/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£97,600
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£5,200

Total Cash In

£25,200

 

 

Cash Out

 

Rent Range

£450 - £1,600

Rent Estimate

£651

Running Costs/mo

£400

Cashflow/mo

£251

Cashflow/yr

£3,010

ROI

12%

Gross Yield

10%

Local Sold Prices

32 sold prices from £60K to £270K, average is £91K. £1.2K/m² to £2.8K/m², average is £1.6K/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
£98K02/230.11 miFlat 5, Allan House, Blount Close, Crewe, Cheshire East CW1 3BX2
£106.5K05/210.13 miFlat 2, Sackfield House, Blount Close, Crewe, Cheshire CW1 3EU2
£70K01/230.14 miFlat 3, Ivatt House, Blount Close, Crewe, Cheshire East CW1 3BJ2
£76K07/230.15 miFlat 10, Beames House, Blount Close, Crewe, Cheshire East CW1 3DB2
£77K09/210.15 miFlat 9, Beames House, Blount Close, Crewe, Cheshire CW1 3DB2
£78.5K03/220.15 miFlat 5, Beames House, Harrison Drive, Crewe, Cheshire East CW1 3DA2
£77.5K12/210.15 miFlat 8, Trevithick House, Harrison Drive, Crewe, Cheshire East CW1 3DA2
£98K12/210.19 mi25, Alton Street, Crewe, Cheshire CW2 7QQ2
£115K06/230.23 mi22a, Gainsborough Road, Crewe, Cheshire East CW2 7PH2
£80.5K04/230.35 mi44, Stalbridge Road, Crewe, Cheshire East CW2 7LP2
£82K11/220.48 miApartment 8, Ludford Court, Badger Avenue, Crewe, Cheshire East CW1 3DZ2
£73K04/220.49 miApartment 12a, Ludford Court, Badger Avenue, Crewe, Cheshire East CW1 3DZ2
£123.3K05/220.51 mi171, Market Street, Crewe, Cheshire East CW1 2NB2
£120K02/220.55 miApartment 15, Junction House, Dale Way, Crewe, Cheshire East CW1 3GU2
£84K12/200.56 miApartment 4, Junction House, Dale Way, Crewe, Cheshire East CW1 3GU2
£85K08/210.57 miApartment 7, Carriage House, Dale Way, Crewe, Cheshire East CW1 3GW2
£87.5K02/220.9 mi39, Ludlow Avenue, Crewe, Cheshire East CW1 6DZ2
£60K03/221 mi54a, Coleridge Way, Crewe, Cheshire East CW1 5LE2
£90K04/231.16 mi110, Remer Street, Coppenhall, Crewe, Cheshire East CW1 4LT2
£77K02/211.36 mi6, Rudheath Close, Crewe, Cheshire East CW2 8TL2
£95K03/211.38 miApartment 9, Heathlands House, Merlin Court, Crewe, Cheshire CW1 3TH2
£102K06/231.38 miApartment 1, Heathlands House, Merlin Court, Crewe, Cheshire East CW1 3TH2
£270K09/211.38 mi91, Church Lane, Wistaston, Crewe, Cheshire CW2 8ER2
£86K03/231.41 mi47, Marshfield Avenue, Crewe, Cheshire East CW2 8TG2
£104.3K03/221.51 mi63, Verdin Court, Crewe, Cheshire East CW1 3YQ2
£115K01/231.52 mi30, Foxholme Court, Crewe, Cheshire East CW1 5HF2
£110K08/211.52 mi26, Foxholme Court, Crewe, Cheshire CW1 5HF2
£111K09/221.52 mi20, Foxholme Court, Crewe, Cheshire East CW1 5HF2
£105K04/231.52 mi37, Foxholme Court, Crewe, Cheshire East CW1 5HF2
£218.6K07/211.96 mi35, Chatham Way, Haslington, Crewe, Cheshire East CW1 5NU2

Local Rents

41 rents from £450/mo to £1.6K/mo, average is £765/mo.

RentDateDistanceAddressBeds 
£75012/240.01 mi-2
£75012/240.01 mi-2
£75012/240.01 miFlag Lane, Crewe, CW22
£75012/240.07 miWistaston Road2
£70003/250.08 mi-2
£77512/240.12 miWalthall Street, Crewe, CW22
£72511/240.14 mi-2
£45012/240.16 miDelemere2
£85003/250.23 mi-2
£74512/240.23 mi-2
£75003/250.23 mi-2
£77512/230.25 mi-2
£87512/240.25 mi-2
£70012/240.25 miDenver Avenue, Crewe, CW2 7PX2
£95004/250.26 mi-2
£85003/250.31 mi-2
£72503/250.33 mi-2
£70012/240.36 mi-2
£77512/240.36 miBright St, Crewe2
£62512/240.37 miCrewe, Cheshire, CW22
£55012/240.37 miBrook Street, Crewe2
£72502/240.38 mi-2
£85012/240.38 mi-2
£75004/250.44 mi-2
£69511/240.45 mi-2
£87511/240.46 mi-2
£76512/240.47 mi-2
£76512/240.47 mi-2
£76512/240.47 mi-2
£80002/250.47 mi-2
£80003/250.47 mi-2
£77502/250.47 mi-2
£77512/240.47 miLord Street, Crewe,2
£75012/240.48 miApartment Block Partridge Close, Crewe , CW12
£75012/240.48 miRigg Street, CW12
£1,40003/250.48 mi-2
£77512/240.49 miPartridge Close, Crewe, CW12
£80003/250.51 mi-2
£69502/250.52 mi-2
£77512/240.53 miCamm Street, Crewe, Cheshire, CW2 7DN2
£1,60003/250.58 mi-2

Local Area Statistics

Population in CW2

40,752

Population in Crewe

101,534

Town centre distance

0.44 miles away

Nearest school

0.20 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Price changed to £80,000

March 20, 2025

Listed for £85,000

February 7, 2025

Floor Plans

Description

  • Two Bedrooms +
  • No Chain +
  • First Floor +
  • Duplex layout +
  • Parking Space Included +

Fantastic two-bedroom duplex apartment located in the well-presented Lewis Court development, this property will appeal to first time buyers and investors alike.

Situated in the town centre of Crewe the property benefits from great transport links and being close to all the local amenities, whilst being just a short distance away from the popular Queens Park.

In brief the accommodation comprises of an entrance hall, a modern kitchen, a spacious living, and a family bathroom downstairs (which is on the first floor of the development). Continuing upstairs to the second floor there are two double bedrooms.

Sold with vacant possession with an opportunity for a buyer to put their own stamp on it, this modern apartment will make an ideal home for any first time buyer, any investor or experienced landlord looking to add to their portfolio.

To arrange a viewing or for more information please call Leaders at your earliest convenience!

Council Tax Band B
Lease length - 982 years
Parking Space Included
Service Charges & Ground Rent - TBC

Agent Details

Leaders Sales, Crewe

01270 433550

Next Steps?

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