3 Bed Terraced House, Refurb/BRRR, Crewe, CW1 2NB, £95,000

Market Street, Crewe, CW1 2NB - 1 views - 2 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 10%
~93 m²
+11 photos

ValuationUndervalued

Sold Prices£63K - £185K
Sold Prices/m²£598/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£1K/m²

Value Estimate

£101,000
BMV1%

 

 

End Value (After Refurb)

£132,296

Uplift in Value

+32%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£4,200

Refurb Costs

£39,184

Bridging Loan Interest

£2,494

Total Cash In

£71,378

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£132,296

Mortgage (After Refinance)

£99,222

Mortgage LTV

75%

Cash Released

£27,972

Cash Left In

£43,406

Equity

£33,074

Rent Range

£780 - £3,000

Rent Estimate

£1,297

Running Costs/mo

£693

Cashflow/mo

£604

Cashflow/yr

£7,250

ROI

10%

Gross Yield

16%

Local Sold Prices

50 sold prices from £63K to £185K, average is £123K. £598/m² to £4K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£100K04/230.09 mi82, Oakley Street, Crewe, Cheshire East CW1 2NL3
£95K01/210.12 mi76, Chetwode Street, Crewe, Cheshire CW1 2NN3
£63K04/210.15 mi77, Ludford Street, Crewe, Cheshire East CW1 2NU3
£126K10/210.17 mi65, Audley Street, Crewe, Cheshire CW1 4BT3
£95K03/210.19 mi40, Ridgway Street, Crewe, Cheshire CW1 4BY3
£118K11/220.22 mi9, Mellor Street, Crewe, Cheshire East CW1 4DB3
£96K11/200.22 mi5, Waine Street, Crewe, Cheshire East CW1 4DD3
£85K01/210.22 mi8, Waine Street, Crewe, Cheshire East CW1 4DD3
£97.5K03/210.24 mi48, Brierley Street, Crewe, Cheshire East CW1 2AY3
£90K06/210.26 mi104, Henry Street, Crewe, Cheshire East CW1 4BQ3
£85K02/210.3 mi50, Charlesworth Street, Crewe, Cheshire East CW1 4DE3
£105K11/220.35 mi38, Singleton Avenue, Crewe, Cheshire East CW1 3TY3
£110K07/210.35 mi32, Samuel Street, Crewe, Cheshire East CW1 3AB3
£132K12/200.36 mi22, Spring Gardens, Crewe, Cheshire East CW1 4AP3
£167K11/200.38 mi7, Woodland Gardens, Crewe, Cheshire East CW1 4JS3
£175K05/210.38 mi11, Woodland Gardens, Crewe, Cheshire CW1 4JS3
£157K05/210.39 mi179, Middlewich Street, Crewe, Cheshire CW1 4DH3
£143K05/230.39 mi89, Queen Street, Crewe, Cheshire East CW1 4AL3
£108K01/230.39 mi30, Richard Moon Street, Crewe, Cheshire East CW1 3AX3
£132K04/210.4 mi44, Richard Moon Street, Crewe, Cheshire CW1 3AX3
£160K03/230.4 mi56, Richard Moon Street, Crewe, Cheshire East CW1 3AX3
£135K12/200.4 mi16, Newfield Drive, Crewe, Cheshire East CW1 4AS3
£120K01/230.41 mi63, Samuel Street, Crewe, Cheshire East CW1 3AE3
£107.5K05/210.42 mi122, Richmond Road, Crewe, Cheshire CW1 4BA3
£115K07/210.42 mi61, Samuel Street, Crewe, Cheshire East CW1 3AE3
£87.5K05/230.42 mi81, Samuel Street, Crewe, Cheshire East CW1 3AE3
£130K03/230.42 mi59, Samuel Street, Crewe, Cheshire East CW1 3AE3
£176.5K08/210.44 mi125, Broad Street, Crewe, Cheshire CW1 3UD3
£109K05/230.44 mi28, Plane Tree Drive, Crewe, Cheshire East CW1 4ER3
£127.5K11/200.44 mi20, Plane Tree Drive, Crewe, Cheshire East CW1 4ER3
£70K02/210.44 mi28, Plane Tree Drive, Crewe, Cheshire East CW1 4ER3
£148K01/210.44 mi112, Middlewich Street, Crewe, Cheshire CW1 4DL3
£64.5K02/230.45 mi16, Bright Street, Crewe, Cheshire East CW1 3AQ3
£150K11/220.45 mi60, Richard Moon Street, Crewe, Cheshire East CW1 3AX3
£76K11/200.45 mi23, Richard Street, Crewe, Cheshire CW1 3AG3
£105K03/210.45 mi31, Richard Street, Crewe, Cheshire CW1 3AG3
£153K02/230.46 mi17, Stamp Avenue, Crewe, Cheshire East CW1 4JP3
£185K07/210.46 mi4, Reid Street, Crewe, Cheshire CW1 3TX3
£185K01/230.46 mi1, Reid Street, Crewe, Cheshire East CW1 3TX3
£154K10/210.48 mi25, Bateman Close, Crewe, Cheshire CW1 3DQ3
£160K08/210.48 mi31, Bateman Close, Crewe, Cheshire CW1 3DQ3
£170K03/210.48 mi1, Bateman Close, Crewe, Cheshire CW1 3DQ3
£134K02/230.5 mi187, Queen Street, Crewe, Cheshire East CW1 4AU3
£120K03/210.5 mi14, Sycamore Avenue, Crewe, Cheshire CW1 4DR3
£134K12/200.5 mi79, Sycamore Avenue, Crewe, Cheshire East CW1 4DR3
£167K03/230.5 mi34, Sycamore Avenue, Crewe, Cheshire East CW1 4DR3
£117K12/200.51 mi19, Sorbus Drive, Crewe, Cheshire East CW1 4EU3
£135K06/210.52 mi15, Conrad Close, Crewe, Cheshire CW1 5HE3
£145K01/210.52 mi3, Conrad Close, Crewe, Cheshire CW1 5HE3
£115K11/200.52 mi20, Ash Road, Crewe, Cheshire CW1 4DU3

Local Rents

41 rents from £780/mo to £3K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£81503/250.14 mi-3
£3,00012/240.18 mi-3
£3,00012/240.18 mi-3
£85012/240.19 mi-3
£82512/240.21 miWallis Street, CW13
£87502/250.23 mi-3
£2,50012/240.24 mi-3
£2,50012/240.24 mi-3
£2,50012/240.24 mi-3
£87502/250.25 mi-3
£1,20002/250.3 mi-3
£1,20003/250.3 mi-3
£1,20002/250.3 mi-3
£79512/240.3 mi-3
£1,19511/240.3 mi-3
£1,19512/240.3 mi-3
£85012/240.32 miCrewe, CW13
£1,20012/240.37 mi-3
£1,20001/250.37 mi-3
£1,20012/240.37 miNewfield Drive, Crewe, CW13
£85003/250.37 mi-3
£99512/240.39 mi-3
£99511/240.39 mi-3
£89512/240.39 mi-3
£87512/240.4 mi-3
£79512/240.41 mi-3
£78001/240.43 mi-3
£78012/240.43 mi-3
£78012/240.43 mi-3
£80012/240.43 mi-3
£1,20012/240.46 mi-3
£1,20002/250.46 mi-3
£90012/240.47 miRichmond Road, Crewe3
£79512/240.51 miWistaston Road, Crewe3
£87512/240.52 mi-3
£90001/250.55 mi-3
£2,20012/240.56 mi-3
£2,20012/240.56 mi-3
£2,20001/250.56 mi-3
£95012/240.57 mi-3
£85003/250.61 mi-3

Local Area Statistics

Population in CW1

42,160

Population in Crewe

101,534

Town centre distance

0.43 miles away

Nearest school

0.10 miles away

Nearest train station

0.94 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 £95,000

February 20, 2025

Listed for £100,000

February 10, 2025

Floor Plans

Description

  • NO CHAIN +
  • Auction - 3rd of March 2024 +
  • Close To Town Centre +
  • Great Living Space To Ground Floor +
  • TBC +
  • Three Bedrooms and En Suite +
  • TBC +
  • Great Investment Opportunity +
  • TBC +
  • In Need Of Some TLC +

For sale by public auction at The Double Tree Hilton Hotel Stoke-on-Trent, ST1 5BQ on Monday 3rd of March 2025 at 6.30pm. We also offer remote bidding via internet, telephone or proxy. Please contact the auction team on for further information.

Welcome to this three bedroom terraced property, full of potential and close to the town centre.
Entering this property through the entrance hall, you can access the dining area and living room, both rooms provide plenty of space. Moving through to the kitchen, where you will find a convenient storage area and a back door providing direct access to the garden. Ascending to the second floor, you will find a large master bedroom, which has a ensuit bathroom. As well as two additional bedrooms which share an upstairs bathroom.
This property will be a great investment opportunity for anyone

Common Auction Conditions
This property is sold subject to our Common Auction Conditions (a copy is available on request)

Buyers Administration Fee
A buyer’s administration fee of £1,800 inc VAT is applicable to this lot. The purchaser will pay the fee whether the property is bought before, at or following the auction date

Legal Pack
Purchasing a property at auction is a firm commitment that carries the same legal implications as a signed contract by private treaty. It is important that you consult with your legal adviser before bidding and also your accountant regarding the impact of VAT, if applicable, on the sale price. The legal pack can be viewed online via our website Legal packs can also be viewed at the selling office. These documents should be passed to your legal adviser as they will help you make an informed decision about the lot. If you need further legal information please contact the vendor’s solicitor whose details will be in the auction catalogue. Remember that you buy subject to all documentation and terms of contract whether or not you have read them

Viewings
To view this lot, please contact the selling office

Internet, Telephone & Proxy Bidding
Interested in this lot but can’t attend the auction? You can bid by internet, telephone or by proxy by pre-registering with our auction department on or email . Further details are available in the catalogue

Addendum
Check the latest addendum at buttersjohnbee.com for any alterations or changes to the catalogue

Guide Price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Agent Details

Butters John Bee, Crewe

01270 433339

Next Steps?

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