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





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£64,260 |
| |
End Value (After Refurb) | £100,928£100,928 |
Uplift in Value | +60%+60% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £15,750£15,750 |
Stamp Duty & Legal Fees | £4,350£4,350 |
Refurb Costs | £28,697£28,697 |
Bridging Loan Interest | £1,654£1,654 |
Total Cash In | £52,201£52,201 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £100,928£100,928 |
Mortgage (After Refinance) | £75,696£75,696 |
Mortgage LTV | 75%75% |
Cash Released | £28,446£28,446 |
Cash Left In | £23,755£23,755 |
Equity | £25,232£25,232 |
Rent Range | £450 - £1,200£450 - £1,200 |
Rent Estimate | £808 |
Running Costs/mo | £497£497 |
Cashflow/mo | £311£311 |
Cashflow/yr | £3,732£3,732 |
ROI | 7%7% |
Gross Yield | 15%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.
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£75K | 11/20 | 0.06 mi | 298, West Street, Crewe, Cheshire East CW1 3HT | £514 | 146 | 2 | Terraced House | |
£126K | 11/20 | 0.1 mi | 24, Barn Croft Road, Crewe, Cheshire East CW1 3ZJ | £1,826 | 69 | 2 | Semi-Detached House | |
£79K | 05/21 | 0.13 mi | 168, West Street, Crewe, Cheshire CW1 3HN | £1,039 | 76 | 2 | Terraced House | |
£92K | 12/22 | 0.13 mi | 168, West Street, Crewe, Cheshire East CW1 3HN | £1,211 | 76 | 2 | Terraced House | |
£55K | 01/21 | 0.14 mi | 244, West Street, Crewe, Cheshire East CW1 3HT | £688 | 80 | 2 | Terraced House | |
£80K | 11/21 | 0.17 mi | 14, Oxford Street, Crewe, Cheshire CW1 3HP | £1,067 | 75 | 2 | Terraced House | |
£94K | 02/23 | 0.18 mi | 10, Broom Street, Crewe, Cheshire East CW1 3LG | - | - | 2 | Terraced House | |
£70K | 12/22 | 0.21 mi | 1, Chell Street, Crewe, Cheshire East CW1 3ES | £864 | 81 | 2 | Terraced House | |
£137.5K | 04/23 | 0.22 mi | 1, Kettell Avenue, Crewe, Cheshire East CW1 3NJ | £2,052 | 67 | 2 | Semi-Detached House | |
£82K | 05/21 | 0.22 mi | 395, West Street, Crewe, Cheshire East CW1 3HZ | £1,000 | 82 | 2 | Terraced House | |
£110K | 03/23 | 0.24 mi | 35, Cornwall Grove, Crewe, Cheshire East CW1 3BE | £1,897 | 58 | 2 | Terraced House | |
£76.8K | 07/21 | 0.25 mi | 59, Walker Street, Crewe, Cheshire CW1 3EL | - | - | 2 | Terraced House | |
£100K | 08/21 | 0.26 mi | 194, Badger Avenue, Crewe, Cheshire East CW1 3LP | £1,449 | 69 | 2 | Terraced House | |
£108K | 05/23 | 0.26 mi | 54, Coppenhall Grove, Crewe, Cheshire East CW2 7UG | £1,588 | 68 | 2 | Terraced House | |
£124K | 11/22 | 0.26 mi | 48, Coppenhall Grove, Crewe, Cheshire East CW2 7UG | £2,214 | 56 | 2 | Terraced House | |
£112.5K | 10/21 | 0.28 mi | 43, Timbrell Avenue, Crewe, Cheshire East CW1 3LU | £1,482 | 76 | 2 | Semi-Detached House | |
£102.5K | 03/23 | 0.28 mi | 15, Timbrell Avenue, Crewe, Cheshire East CW1 3LU | £1,152 | 89 | 2 | Terraced House | |
£102K | 01/21 | 0.29 mi | 169, Badger Avenue, Crewe, Cheshire East CW1 3JN | £1,417 | 72 | 2 | Semi-Detached House | |
£110K | 06/21 | 0.31 mi | 45, Ford Lane, Crewe, Cheshire CW1 3EQ | - | - | 2 | Terraced House | |
£125K | 02/23 | 0.31 mi | 11, Probert Close, Crewe, Cheshire East CW2 7UL | £2,290 | 55 | 2 | Terraced House | |
£70K | 01/21 | 0.31 mi | 83, Ramsbottom Street, Crewe, Cheshire CW1 3AN | £841 | 83 | 2 | Terraced House | |
£101K | 12/20 | 0.33 mi | 44, Minshull New Road, Crewe, Cheshire CW1 3PD | £1,329 | 76 | 2 | Terraced House | |
£135K | 12/23 | 0.33 mi | 2, Morgan Close, Crewe, Cheshire East CW2 7UJ | - | - | 2 | Terraced House | |
£90K | 07/23 | 0.35 mi | 7, Fletcher Street, Crewe, Cheshire East CW1 3EE | - | - | 2 | Terraced House | |
£98K | 03/21 | 0.36 mi | 51, Bright Street, Crewe, Cheshire East CW1 3AQ | £1,241 | 79 | 2 | Terraced House | |
£112.5K | 01/24 | 0.37 mi | 81, Fairburn Avenue, Crewe, Cheshire East CW2 7SY | £1,769 | 64 | 2 | Terraced House | |
£85K | 05/21 | 0.38 mi | 124, Minshull New Road, Crewe, Cheshire East CW1 3PF | £885 | 96 | 2 | Terraced House | |
£87K | 01/21 | 0.38 mi | 22, Rigg Street, Crewe, Cheshire CW1 3EB | £1,225 | 71 | 2 | Terraced House | |
£129.9K | 08/23 | 0.38 mi | 20, Ford Close, Crewe, Cheshire East CW1 3JL | - | - | 2 | Semi-Detached House | |
£93.5K | 04/21 | 0.39 mi | 64, Richard Street, Crewe, Cheshire East CW1 3AG | £1,277 | 73 | 2 | Terraced House | |
£100K | 08/23 | 0.39 mi | 52, Richard Street, Crewe, Cheshire East CW1 3AG | £1,266 | 79 | 2 | Terraced House | |
£105K | 03/23 | 0.39 mi | 60, Richard Street, Crewe, Cheshire East CW1 3AG | £1,567 | 67 | 2 | Terraced House | |
£62.5K | 12/20 | 0.39 mi | 60, Richard Street, Crewe, Cheshire East CW1 3AG | £933 | 67 | 2 | Terraced House | |
£105K | 03/21 | 0.39 mi | 47, Richard Street, Crewe, Cheshire CW1 3AG | £1,329 | 79 | 2 | Terraced House | |
£118.5K | 11/20 | 0.39 mi | 35, Fairburn Avenue, Crewe, Cheshire CW2 7SX | £1,911 | 62 | 2 | Terraced House | |
£170K | 03/23 | 0.41 mi | 17, Westbourne Avenue, Crewe, Cheshire East CW1 3QP | £2,615 | 65 | 2 | Semi-Detached House | |
£150K | 04/23 | 0.41 mi | 29, Westbourne Avenue, Crewe, Cheshire East CW1 3QP | - | - | 2 | Semi-Detached House | |
£94K | 06/21 | 0.44 mi | 75, Badger Avenue, Crewe, Cheshire East CW1 3JQ | - | - | 2 | Terraced House | |
£117.5K | 01/23 | 0.47 mi | 175, Ford Lane, Crewe, Cheshire East CW1 3JH | £1,487 | 79 | 2 | Terraced House | |
£89K | 11/20 | 0.47 mi | 3, Mayfield Mews, Crewe, Cheshire CW1 3FZ | £1,534 | 58 | 2 | Terraced House | |
£170K | 08/23 | 0.47 mi | 11, Abington Close, Crewe, Cheshire East CW1 3TL | £2,576 | 66 | 2 | Semi-Detached House | |
£96K | 02/21 | 0.48 mi | 8, Brookdale Park, Crewe, Cheshire CW2 7QZ | £1,548 | 62 | 2 | Semi-Detached House | |
£125K | 02/23 | 0.48 mi | 8, Sandiway Road, Crewe, Cheshire East CW1 3QR | - | - | 2 | Semi-Detached House | |
£120K | 01/23 | 0.49 mi | 25, Mayfield Mews, Crewe, Cheshire East CW1 3FZ | £2,105 | 57 | 2 | Detached House | |
£105K | 03/23 | 0.49 mi | 20, Richard Moon Street, Crewe, Cheshire East CW1 3AX | £1,180 | 89 | 2 | Terraced House | |
£135K | 06/21 | 0.5 mi | 3, Windsor Avenue, Crewe, Cheshire East CW1 3QT | £2,224 | 61 | 2 | Semi-Detached House | |
£120K | 06/23 | 0.5 mi | 37, Collins Street, Crewe, Cheshire East CW2 7RR | £1,714 | 70 | 2 | Terraced House | |
£100K | 11/20 | 0.5 mi | 23, Collins Street, Crewe, Cheshire CW2 7RR | £1,220 | 82 | 2 | Terraced House | |
£103K | 03/21 | 0.5 mi | 15, Collins Street, Crewe, Cheshire CW2 7RR | - | - | 2 | Terraced House | |
£107K | 04/21 | 0.51 mi | 6, Broad Street, Crewe, Cheshire East CW1 3DF | £1,274 | 84 | 2 | Terraced House |
Local Rents
35 rents from £450/mo to £1.2K/mo, average is £800/mo.
Rent | Date | Distance | Address | Beds | Type | |
£775 | 12/24 | 0.17 mi | Partridge Close, Crewe, CW1 | 2 | Flat | |
£800 | 03/25 | 0.18 mi | - | 2 | Terraced House | |
£800 | 04/25 | 0.18 mi | - | 2 | Terraced House | |
£750 | 12/24 | 0.19 mi | Apartment Block Partridge Close, Crewe , CW1 | 2 | Flat | |
£695 | 02/25 | 0.19 mi | - | 2 | Terraced House | |
£800 | 02/25 | 0.19 mi | - | 2 | Flat | |
£800 | 04/25 | 0.19 mi | - | 2 | Flat | |
£800 | 12/24 | 0.22 mi | Kettell Avenue, Crewe | 2 | Terraced House | |
£650 | 12/24 | 0.22 mi | West Street, Crewe | 2 | Terraced House | |
£700 | 01/25 | 0.24 mi | - | 2 | Terraced House | |
£700 | 12/24 | 0.25 mi | Crewe, Cheshire, CW1 | 2 | Terraced House | |
£800 | 12/24 | 0.26 mi | - | 2 | Terraced House | |
£885 | 01/25 | 0.26 mi | - | 2 | Semi-Detached House | |
£725 | 02/24 | 0.3 mi | - | 2 | Terraced House | |
£775 | 12/24 | 0.32 mi | Badger Avenue, CW1 | 2 | Flat | |
£765 | 12/24 | 0.34 mi | - | 2 | Terraced House | |
£765 | 12/24 | 0.34 mi | - | 2 | Terraced House | |
£765 | 12/24 | 0.34 mi | - | 2 | Terraced House | |
£775 | 12/24 | 0.36 mi | Bright St, Crewe | 2 | Terraced House | |
£1,200 | 12/24 | 0.36 mi | - | 2 | Terraced House | |
£1,200 | 02/25 | 0.36 mi | - | 2 | Terraced House | |
£1,200 | 12/24 | 0.36 mi | Minshull New Road, Crewe, CW1 | 2 | Terraced House | |
£875 | 12/24 | 0.37 mi | Coppenhall Place, Crewe, CW1 | 2 | Flat | |
£750 | 12/24 | 0.38 mi | Rigg Street, CW1 | 2 | Terraced House | |
£800 | 12/24 | 0.47 mi | Mayfield Mews, Crewe | 2 | Flat | |
£850 | 03/25 | 0.47 mi | - | 2 | Terraced House | |
£825 | 02/25 | 0.48 mi | - | 2 | Semi-Detached House | |
£700 | 12/24 | 0.49 mi | - | 2 | Flat | |
£825 | 03/25 | 0.49 mi | - | 2 | Terraced House | |
£950 | 12/24 | 0.51 mi | - | 2 | Terraced House | |
£725 | 03/25 | 0.55 mi | - | 2 | Terraced House | |
£850 | 12/24 | 0.55 mi | - | 2 | Terraced House | |
£450 | 12/24 | 0.59 mi | Delemere | 2 | Flat | |
£850 | 03/25 | 0.61 mi | - | 2 | Flat | |
£745 | 12/24 | 0.62 mi | - | 2 | Flat |
Local Area Statistics
Population in CW1 | 42,16042,160 |
Population in Crewe | 101,534101,534 |
Town centre distance | 1.03 miles away1.03 miles away |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 1.45 miles away1.45 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +32%+32% |
Sales demand | Seller's marketSeller's market |
Capital growth (5yrs) | +22%+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.