2 Bed Bungalow, Refurb/BRRR, Crewe, CW1 5YF, £160,000

22 Rochester Crescent, Crewe, CW1 5YF - 2 months ago

Refurb/BRRR
ROI: 1%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£73K - £248K
Sold Prices/m²£1.1K/m² - £5.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£119,194

 

 

End Value (After Refurb)

£150,245

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,900

Refurb Costs

£28,697

Bridging Loan Interest

£4,200

Total Cash In

£84,547

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£150,245

Mortgage (After Refinance)

£112,684

Mortgage LTV

75%

Cash Left In

£84,547

Equity

£37,561

Rent Range

£580 - £825

Rent Estimate

£721

Running Costs/mo

£634

Cashflow/mo

£87

Cashflow/yr

£1,047

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £73K to £248K, average is £126K. £1.1K/m² to £5.4K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£120K04/210.04 mi21, Rochester Crescent, Crewe, Cheshire CW1 5YF2
£160K01/230.07 mi185, Lansdowne Road, Crewe, Cheshire East CW1 5LR2
£120K10/210.11 mi23, Betjeman Way, Crewe, Cheshire East CW1 5FS2
£140K06/230.14 mi1, Calder Avenue, Crewe, Cheshire East CW1 5NH2
£150K06/210.14 mi93, Rochester Crescent, Crewe, Cheshire CW1 5YQ2
£175K04/230.14 mi95, Rochester Crescent, Crewe, Cheshire East CW1 5YQ2
£167.5K05/230.14 mi74, Rochester Crescent, Crewe, Cheshire East CW1 5YQ2
£157.5K10/210.15 mi56, Herbert Street, Crewe, Cheshire East CW1 5LZ2
£158K12/220.18 mi10, Rhoden Street, Crewe, Cheshire East CW1 5ND2
£159.9K08/210.19 mi69, Heron Crescent, Crewe, Cheshire CW1 5YB2
£195K11/220.21 mi81, Heron Crescent, Crewe, Cheshire East CW1 5YB2
£248K11/220.28 mi88, Sydney Road, Crewe, Cheshire East CW1 4HG2
£140K07/210.35 mi16, Anderson Close, Crewe, Cheshire East CW1 5JB2
£112.2K12/200.37 mi20, Hallshaw Avenue, Crewe, Cheshire CW1 4AY2
£145K03/210.37 mi4, Hallshaw Avenue, Crewe, Cheshire CW1 4AY2
£159.9K04/210.38 mi51, Coleridge Way, Crewe, Cheshire CW1 5JX2
£180.1K12/210.41 mi334, Sydney Road, Crewe, Cheshire CW1 5LS2
£156.3K04/210.41 mi8, Tennyson Avenue, Crewe, Cheshire East CW1 5JR2
£169K11/200.43 mi15, Swinburne Drive, Crewe, Cheshire East CW1 5JE2
£110K04/210.43 mi62, Sorbus Drive, Crewe, Cheshire CW1 4EX2
£105K01/230.44 mi6, Beech Grove, Crewe, Cheshire East CW1 4ED2
£135K01/230.44 mi34, Sorbus Drive, Crewe, Cheshire East CW1 4EX2
£125K11/210.45 mi110, Lime Tree Avenue, Crewe, Cheshire CW1 4HT2
£150K12/200.45 mi43, Coleridge Way, Crewe, Cheshire CW1 5JW2
£141K05/210.45 mi15, Coleridge Way, Crewe, Cheshire CW1 5JW2
£97.5K04/210.46 mi7, Chestnut Grove, Crewe, Cheshire CW1 4BD2
£127K02/210.49 mi178, Henry Street, Crewe, Cheshire CW1 4BG2
£165K01/230.49 mi182, Henry Street, Crewe, Cheshire East CW1 4BG2
£108K03/210.5 mi34, Queen Street, Crewe, Cheshire CW1 4AL2
£170K11/200.5 mi5, Laureston Avenue, Crewe, Cheshire CW1 5HU2
£121K10/200.51 mi97, Elm Drive, Crewe, Cheshire CW1 4EL2
£90K10/210.52 mi9, Surrey Street, Crewe, Cheshire East CW1 4AB2
£96K11/210.52 mi13, Surrey Street, Crewe, Cheshire CW1 4AB2
£96K01/210.56 mi55, Prunus Road, Crewe, Cheshire CW1 4HD2
£105K10/200.57 mi37, Vincent Street, Crewe, Cheshire CW1 4AA2
£85K01/210.57 mi25, Vincent Street, Crewe, Cheshire CW1 4AA2
£93K07/230.57 mi218, Hungerford Road, Monks Coppenhall, Crewe, Cheshire East CW1 6EX2
£110K03/210.58 mi16, Mary Street, Crewe, Cheshire East CW1 4AJ2
£75K11/200.58 mi160, Henry Street, Crewe, Cheshire CW1 4BQ2
£152K06/230.6 mi14, Brook Close, Crewe, Cheshire East CW1 6HR2
£73K12/200.6 mi39, Hall O'shaw Street, Crewe, Cheshire East CW1 4AE2
£127K07/210.61 mi11, Lea Avenue, Crewe, Cheshire CW1 6HQ2
£105K10/200.65 mi4, Hungerford Avenue, Crewe, Cheshire East CW1 6ER2
£111K12/220.65 mi29, Greystone Park, Crewe, Cheshire East CW1 2AL2
£101K03/210.65 mi11, Charlesworth Street, Crewe, Cheshire CW1 4DE2
£107.5K01/210.65 mi13, Charlesworth Street, Crewe, Cheshire CW1 4DE2
£112K03/210.66 mi22, Greystone Park, Crewe, Cheshire CW1 2AL2
£112K03/210.66 mi22, Greystone Park, Crewe, Cheshire CW1 2AL2
£98.8K03/210.66 mi48, Greystone Park, Crewe, Cheshire CW1 2AL2
£149K02/210.66 mi36, Woodland Gardens, Crewe, Cheshire East CW1 4JS2

Local Rents

13 rents from £580/mo to £825/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£75012/240.2 miFoxholme Court, Sydney, CW1 5HF2
£67512/240.47 mi-2
£67502/250.47 mi-2
£67512/240.5 miAmbuscade Close, Crewe2
£75001/250.54 mi-2
£82504/250.57 mi-2
£75012/240.58 miHenry Street, Crewe, CW12
£75001/240.6 mi-2
£75011/230.6 mi-2
£65012/240.6 mi-2
£58012/240.61 mi-2
£75001/240.62 mi-2
£79501/250.62 mi-2

Local Area Statistics

Population in CW1

42,160

Population in Crewe

101,534

Town centre distance

0.90 miles away

Nearest school

0.50 miles away

Nearest train station

1.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £160,000

February 28, 2025

Floor Plans

Description

  • Available With No Onward Chain +
  • Potential To Add Value +
  • True Bungalow Situated In A Quiet Cul De Sac +
  • Detached Single Garage +
  • Spacious Living Room +
  • Council Tax Band: B +
  • Private Rear Garden +
  • Amenities Nearby +
  • Close To Bus Routes +
  • Early Viewing Highly Recommended +

Stephenson Browne are pleased to offer for sale this charming semi-detached bungalow with great potential on Rochester Crescent! This property offers a cosy and manageable living space, situated in a sought-after estate, this chain-free bungalow provides a peaceful and quiet environment, perfect for those looking to escape the hustle and bustle of city life.

Although in need of modernisation, this property presents a fantastic opportunity for those with a keen eye for renovation. The detached single garage is a convenient addition, providing ample space for parking or storage. With the potential to add value, this bungalow allows you to unleash your creativity and transform it into your dream home.

Located just a short drive away from Crewe Railway Station, commuting is made easy for those working in nearby cities. Whether you're a first-time buyer looking to get on the property ladder or an investor seeking a project with great potential, this bungalow offers a blank canvas for you to make your mark.

Call us today to secure your viewing appointment.

Hallway -

Living Room - 2.8m x 4.6m (9'2" x 15'1") -

Kitchen - 2.1m x 3.1m (6'10" x 10'2") -

Master Bedroom - 2.7m x 3.6m (8'10" x 11'9") -

Bedroom Two - 2.5m x 2.1m (8'2" x 6'10") -

Bathroom - 1.6m x 1.9m (5'2" x 6'2") -

Externally - Paved driveway leading down the side of the property. Detached single garage in the rear garden. Private rear garden mixture of paving and lawn.

Council Tax - Band B.

Tenure - We understand from the vendor that the property is freehold. We would however recommend that your solicitor check the tenure prior to exchange of contracts.

Need To Sell? - For a FREE valuation please call or e-mail and we will be happy to assist.

Agent Details

Stephenson Browne Ltd, Crewe

01270 433841

Next Steps?

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