2 Bed Terraced House, Planning Permission, Crewe, CW1 3HU, £63,000

West Street, Crewe, CW1 3HU - 3 views - 2 months ago

Auction
Planning
ROI: 7%
~68 m²
+4 photos

ValuationFair Value

Sold Prices£55K - £170K
Sold Prices/m²£514/m² - £2.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£925/m²

Value Estimate

£64,260

 

 

End Value (After Refurb)

£100,928

Uplift in Value

+60%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£15,750

Stamp Duty & Legal Fees

£4,350

Refurb Costs

£28,697

Bridging Loan Interest

£1,654

Total Cash In

£52,201

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£100,928

Mortgage (After Refinance)

£75,696

Mortgage LTV

75%

Cash Released

£28,446

Cash Left In

£23,755

Equity

£25,232

Rent Range

£450 - £1,200

Rent Estimate

£808

Running Costs/mo

£497

Cashflow/mo

£311

Cashflow/yr

£3,732

ROI

7%

Gross Yield

15%

Local Sold Prices

50 sold prices from £55K to £170K, average is £102.8K. £514/m² to £2.6K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£75K11/200.06 mi298, West Street, Crewe, Cheshire East CW1 3HT2
£126K11/200.1 mi24, Barn Croft Road, Crewe, Cheshire East CW1 3ZJ2
£79K05/210.13 mi168, West Street, Crewe, Cheshire CW1 3HN2
£92K12/220.13 mi168, West Street, Crewe, Cheshire East CW1 3HN2
£55K01/210.14 mi244, West Street, Crewe, Cheshire East CW1 3HT2
£80K11/210.17 mi14, Oxford Street, Crewe, Cheshire CW1 3HP2
£94K02/230.18 mi10, Broom Street, Crewe, Cheshire East CW1 3LG2
£70K12/220.21 mi1, Chell Street, Crewe, Cheshire East CW1 3ES2
£137.5K04/230.22 mi1, Kettell Avenue, Crewe, Cheshire East CW1 3NJ2
£82K05/210.22 mi395, West Street, Crewe, Cheshire East CW1 3HZ2
£110K03/230.24 mi35, Cornwall Grove, Crewe, Cheshire East CW1 3BE2
£76.8K07/210.25 mi59, Walker Street, Crewe, Cheshire CW1 3EL2
£100K08/210.26 mi194, Badger Avenue, Crewe, Cheshire East CW1 3LP2
£108K05/230.26 mi54, Coppenhall Grove, Crewe, Cheshire East CW2 7UG2
£124K11/220.26 mi48, Coppenhall Grove, Crewe, Cheshire East CW2 7UG2
£112.5K10/210.28 mi43, Timbrell Avenue, Crewe, Cheshire East CW1 3LU2
£102.5K03/230.28 mi15, Timbrell Avenue, Crewe, Cheshire East CW1 3LU2
£102K01/210.29 mi169, Badger Avenue, Crewe, Cheshire East CW1 3JN2
£110K06/210.31 mi45, Ford Lane, Crewe, Cheshire CW1 3EQ2
£125K02/230.31 mi11, Probert Close, Crewe, Cheshire East CW2 7UL2
£70K01/210.31 mi83, Ramsbottom Street, Crewe, Cheshire CW1 3AN2
£101K12/200.33 mi44, Minshull New Road, Crewe, Cheshire CW1 3PD2
£135K12/230.33 mi2, Morgan Close, Crewe, Cheshire East CW2 7UJ2
£90K07/230.35 mi7, Fletcher Street, Crewe, Cheshire East CW1 3EE2
£98K03/210.36 mi51, Bright Street, Crewe, Cheshire East CW1 3AQ2
£112.5K01/240.37 mi81, Fairburn Avenue, Crewe, Cheshire East CW2 7SY2
£85K05/210.38 mi124, Minshull New Road, Crewe, Cheshire East CW1 3PF2
£87K01/210.38 mi22, Rigg Street, Crewe, Cheshire CW1 3EB2
£129.9K08/230.38 mi20, Ford Close, Crewe, Cheshire East CW1 3JL2
£93.5K04/210.39 mi64, Richard Street, Crewe, Cheshire East CW1 3AG2
£100K08/230.39 mi52, Richard Street, Crewe, Cheshire East CW1 3AG2
£105K03/230.39 mi60, Richard Street, Crewe, Cheshire East CW1 3AG2
£62.5K12/200.39 mi60, Richard Street, Crewe, Cheshire East CW1 3AG2
£105K03/210.39 mi47, Richard Street, Crewe, Cheshire CW1 3AG2
£118.5K11/200.39 mi35, Fairburn Avenue, Crewe, Cheshire CW2 7SX2
£170K03/230.41 mi17, Westbourne Avenue, Crewe, Cheshire East CW1 3QP2
£150K04/230.41 mi29, Westbourne Avenue, Crewe, Cheshire East CW1 3QP2
£94K06/210.44 mi75, Badger Avenue, Crewe, Cheshire East CW1 3JQ2
£117.5K01/230.47 mi175, Ford Lane, Crewe, Cheshire East CW1 3JH2
£89K11/200.47 mi3, Mayfield Mews, Crewe, Cheshire CW1 3FZ2
£170K08/230.47 mi11, Abington Close, Crewe, Cheshire East CW1 3TL2
£96K02/210.48 mi8, Brookdale Park, Crewe, Cheshire CW2 7QZ2
£125K02/230.48 mi8, Sandiway Road, Crewe, Cheshire East CW1 3QR2
£120K01/230.49 mi25, Mayfield Mews, Crewe, Cheshire East CW1 3FZ2
£105K03/230.49 mi20, Richard Moon Street, Crewe, Cheshire East CW1 3AX2
£135K06/210.5 mi3, Windsor Avenue, Crewe, Cheshire East CW1 3QT2
£120K06/230.5 mi37, Collins Street, Crewe, Cheshire East CW2 7RR2
£100K11/200.5 mi23, Collins Street, Crewe, Cheshire CW2 7RR2
£103K03/210.5 mi15, Collins Street, Crewe, Cheshire CW2 7RR2
£107K04/210.51 mi6, Broad Street, Crewe, Cheshire East CW1 3DF2

Local Rents

35 rents from £450/mo to £1.2K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£77512/240.17 miPartridge Close, Crewe, CW12
£80003/250.18 mi-2
£80004/250.18 mi-2
£75012/240.19 miApartment Block Partridge Close, Crewe , CW12
£69502/250.19 mi-2
£80002/250.19 mi-2
£80004/250.19 mi-2
£80012/240.22 miKettell Avenue, Crewe2
£65012/240.22 miWest Street, Crewe2
£70001/250.24 mi-2
£70012/240.25 miCrewe, Cheshire, CW12
£80012/240.26 mi-2
£88501/250.26 mi-2
£72502/240.3 mi-2
£77512/240.32 miBadger Avenue, CW12
£76512/240.34 mi-2
£76512/240.34 mi-2
£76512/240.34 mi-2
£77512/240.36 miBright St, Crewe2
£1,20012/240.36 mi-2
£1,20002/250.36 mi-2
£1,20012/240.36 miMinshull New Road, Crewe, CW12
£87512/240.37 miCoppenhall Place, Crewe, CW12
£75012/240.38 miRigg Street, CW12
£80012/240.47 miMayfield Mews, Crewe2
£85003/250.47 mi-2
£82502/250.48 mi-2
£70012/240.49 mi-2
£82503/250.49 mi-2
£95012/240.51 mi-2
£72503/250.55 mi-2
£85012/240.55 mi-2
£45012/240.59 miDelemere2
£85003/250.61 mi-2
£74512/240.62 mi-2

Local Area Statistics

Population in CW1

42,160

Population in Crewe

101,534

Town centre distance

1.03 miles away

Nearest school

0.20 miles away

Nearest train station

1.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £63,000

February 20, 2025

Description

  • No Onward Chain +
  • 2 Separate Flats +
  • Private Garden +
  • Great Location +
  • Separate Entrance +
  • Great Investment Opportunity +

This property has been thoughtfully converted to create a ground floor apartment and a first floor apartment, both with access to a rear parking area, enclosed garden, and rear yard.

This appealing property has been converted into two flats, each offering a comfortable living space, a kitchen, a bathroom and a bedroom. The downstairs unit is currently tenanted, providing an immediate investment opportunity, and the upstairs unit is available. In summary, this terraced house split into two flats provides ample living space, offering a desirable investment opportunity in a thriving area. The ground floor apartment enjoys direct access to the enclosed rear yard, parking, and garden, while the first floor apartment boasts a spacious, bay-fronted lounge/dining room with plenty of natural light.

Currently, the ground floor apartment is tenanted under a rolling contract, with a rental income of £450 per month. The first floor apartment is currently unoccupied, providing an excellent opportunity for new tenants or for owner-occupation.

Originally a traditional, spacious mid-terraced home, the property holds potential for re-conversion back to a single dwelling, subject to planning permission and regulations.

Ideally located, the property is within easy reach of local amenities, Crewe town centre, the College campus, and the train station. This is a fantastic investment opportunity with great potential for rental income once improved. Don't miss the chance to add this versatile property to your portfolio!

For sale by public auction at The Double Tree Hilton Hotel Stoke-on-Trent, ST1 5BQ on Monday 14th of April 2025 at 6.30pm

We also offer remote bidding via internet, telephone or proxy. Please contact the auction team on for further information.

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 £1500 plus 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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