2 Bed Terraced House, Refurb/BRRR, Crewe, CW1 4DE, £90,000

Charlesworth Street, Crewe, Cheshire, CW1 4DE - a month ago

Sold STC
Auction
Refurb/BRRR
ROI: 7%
~63 m²
+9 photos

ValuationFair Value

Sold Prices£72K - £248K
Sold Prices/m²£878/m² - £2.6K/m²

 

 

Square Metres

~62.70 m²
Price/m²£1.4K/m²

Value Estimate

£91,800

 

 

End Value (After Refurb)

£96,639

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£26,418

Bridging Loan Interest

£2,363

Total Cash In

£58,730

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£96,639

Mortgage (After Refinance)

£72,479

Mortgage LTV

75%

Cash Released

£4,979

Cash Left In

£53,751

Equity

£24,160

Rent Range

£580 - £1,600

Rent Estimate

£807

Running Costs/mo

£483

Cashflow/mo

£324

Cashflow/yr

£3,883

ROI

7%

Gross Yield

11%

Local Sold Prices

50 sold prices from £72K to £248K, average is £110K. £878/m² to £2.6K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£101K03/210 mi11, Charlesworth Street, Crewe, Cheshire CW1 4DE2
£107.5K01/210 mi13, Charlesworth Street, Crewe, Cheshire CW1 4DE2
£132.5K09/210.02 mi3, Micklewright Avenue, Crewe, Cheshire CW1 4DF2
£105K01/210.02 mi23, Micklewright Avenue, Crewe, Cheshire CW1 4DF2
£132.5K01/210.02 mi24, Micklewright Avenue, Crewe, Cheshire East CW1 4DF2
£95K03/210.08 mi60, Middlewich Street, Crewe, Cheshire East CW1 4DA2
£110K12/210.08 mi66, Ridgway Street, Crewe, Cheshire CW1 4BY2
£102K12/200.08 mi36, Ridgway Street, Crewe, Cheshire East CW1 4BY2
£100K04/230.11 mi6, Audley Street, Crewe, Cheshire East CW1 4BT2
£149K02/210.12 mi36, Woodland Gardens, Crewe, Cheshire East CW1 4JS2
£75K11/200.19 mi160, Henry Street, Crewe, Cheshire CW1 4BQ2
£127K02/210.28 mi178, Henry Street, Crewe, Cheshire CW1 4BG2
£165K01/230.28 mi182, Henry Street, Crewe, Cheshire East CW1 4BG2
£143.5K06/210.3 mi31a, Singleton Avenue, Crewe, Cheshire East CW1 3TY2
£96K01/210.31 mi55, Prunus Road, Crewe, Cheshire CW1 4HD2
£121K10/200.31 mi97, Elm Drive, Crewe, Cheshire CW1 4EL2
£135K01/230.32 mi34, Sorbus Drive, Crewe, Cheshire East CW1 4EX2
£110K03/210.32 mi16, Mary Street, Crewe, Cheshire East CW1 4AJ2
£82.5K10/200.33 mi98, Oakley Street, Crewe, Cheshire East CW1 2NL2
£110K04/210.34 mi62, Sorbus Drive, Crewe, Cheshire CW1 4EX2
£108K03/210.35 mi34, Queen Street, Crewe, Cheshire CW1 4AL2
£112.2K12/200.38 mi20, Hallshaw Avenue, Crewe, Cheshire CW1 4AY2
£145K03/210.38 mi4, Hallshaw Avenue, Crewe, Cheshire CW1 4AY2
£111K12/220.38 mi29, Greystone Park, Crewe, Cheshire East CW1 2AL2
£112K03/210.39 mi22, Greystone Park, Crewe, Cheshire CW1 2AL2
£112K03/210.39 mi22, Greystone Park, Crewe, Cheshire CW1 2AL2
£98.8K03/210.39 mi48, Greystone Park, Crewe, Cheshire CW1 2AL2
£105K01/230.41 mi6, Beech Grove, Crewe, Cheshire East CW1 4ED2
£125K04/230.42 mi253, Broad Street, Crewe, Cheshire East CW1 4JJ2
£110K02/230.42 mi179, Broad Street, Crewe, Cheshire East CW1 4JJ2
£97.5K04/210.42 mi7, Chestnut Grove, Crewe, Cheshire CW1 4BD2
£125K11/210.42 mi110, Lime Tree Avenue, Crewe, Cheshire CW1 4HT2
£125.5K01/230.43 mi302, Broad Street, Crewe, Cheshire East CW1 4JH2
£210K01/230.44 mi100, Remer Street, Coppenhall, Crewe, Cheshire East CW1 4LT2
£146K03/230.44 mi46, Remer Street, Coppenhall, Crewe, Cheshire East CW1 4LT2
£90K10/210.45 mi9, Surrey Street, Crewe, Cheshire East CW1 4AB2
£96K11/210.45 mi13, Surrey Street, Crewe, Cheshire CW1 4AB2
£73K12/200.46 mi39, Hall O'shaw Street, Crewe, Cheshire East CW1 4AE2
£85K10/200.46 mi24, Broad Street, Crewe, Cheshire East CW1 3DF2
£105K10/200.47 mi37, Vincent Street, Crewe, Cheshire CW1 4AA2
£85K01/210.47 mi25, Vincent Street, Crewe, Cheshire CW1 4AA2
£107K04/210.48 mi6, Broad Street, Crewe, Cheshire East CW1 3DF2
£248K11/220.5 mi88, Sydney Road, Crewe, Cheshire East CW1 4HG2
£145K04/210.51 mi31, Mclaren Street, Coppenhall, Crewe, Cheshire CW1 3SS2
£72K11/200.51 mi56, Holland Street, Crewe, Cheshire East CW1 3TT2
£94K06/210.51 mi75, Badger Avenue, Crewe, Cheshire East CW1 3JQ2
£150K06/210.51 mi93, Rochester Crescent, Crewe, Cheshire CW1 5YQ2
£175K04/230.51 mi95, Rochester Crescent, Crewe, Cheshire East CW1 5YQ2
£167.5K05/230.51 mi74, Rochester Crescent, Crewe, Cheshire East CW1 5YQ2
£100K11/220.53 mi88, Victoria Street, Crewe, Cheshire East CW1 2JL2

Local Rents

30 rents from £580/mo to £1.6K/mo, average is £785/mo.

RentDateDistanceAddressBeds 
£71512/240.07 miMiddlewich Street, Crewe, CW12
£75003/250.08 mi-2
£75001/240.16 mi-2
£79501/250.16 mi-2
£75012/240.19 miHenry Street, Crewe, CW12
£75001/250.22 mi-2
£80003/250.31 mi-2
£69511/240.32 mi-2
£67512/240.35 miAmbuscade Close, Crewe2
£75003/250.35 mi-2
£87511/240.36 mi-2
£67512/240.41 mi-2
£67502/250.41 mi-2
£79512/240.42 mi-2
£79512/240.42 mi-2
£88511/240.45 mi-2
£88511/240.45 mi-2
£85012/240.46 mi-2
£82503/250.47 mi-2
£1,60003/250.49 mi-2
£95012/240.52 mi-2
£87512/240.52 mi-2
£70012/240.53 mi-2
£74512/240.55 mi-2
£85003/250.55 mi-2
£85011/230.56 mi-2
£75012/240.58 miRigg Street, CW12
£85003/250.58 mi-2
£77512/230.58 mi-2
£58012/240.62 mi-2

Local Area Statistics

Population in CW1

42,160

Population in Crewe

101,534

Town centre distance

0.62 miles away

Nearest school

0.20 miles away

Nearest train station

1.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £90,000

February 21, 2025

Floor Plans

Description

  • Sold by Modern Auction (T&Cs apply) +
  • Subject To Reserve Price +
  • Buyer Fees Apply +

Welcome to 58 Charlesworth Street!
An ideal first time buyer or investor property!
This charming two-bedroom terraced property in Crewe presents an exciting renovation opportunity for those looking to create their perfect home. Whether you're a first-time buyer or an investor looking for a project, this property offers great potential to add value and make it your own.

• Two Spacious Double Bedrooms: Generously sized, offering plenty of room for a growing family or as guest bedrooms.
• Large Lounge: A bright and airy living area, ideal for creating a cozy and welcoming space.
• Well-Proportioned Kitchen: A spacious kitchen, ready to be transformed into a modern, functional space to suit your needs.
• Family Bathroom: A standard family bathroom, in need of updating, offering plenty of scope for improvement.
• Front and Rear Gardens: Enjoy outdoor space with a front garden and a good-sized rear garden, perfect for outdoor entertaining or gardening.

The property is in need of renovation throughout, offering you the chance to fully customize it to your personal taste. Situated in a well-established area of Crewe, the property benefits from easy access to local amenities, schools, parks, and public transport links.

Perfect for investors or DIY enthusiasts, this home offers fantastic potential to be transformed into a modern living space or rental property.

Whether you're looking to put your own stamp on a property or seeking a project with great investment potential, this terraced house is a blank canvas ready for you to bring it back to life.

Don’t miss out on the chance to transform this property into your dream home. Arrange Your Viewing Today!

Agent Details

Bridgfords, Crewe

01270 433108

Next Steps?

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