2 Bed Semi-Detached House, Refurb/BRRR, Crewe, CW1 4GD, £190,000

Parn Close, Crewe, CW1 4GD - a month ago

Refurb/BRRR
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£75K - £248K
Sold Prices/m²£1.1K/m² - £5.4K/m²

 

 

Square Metres

~67.63 m²
Price/m²£2.8K/m²

Value Estimate

£112,717

 

 

End Value (After Refurb)

£180,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£12,000

Refurb Costs

£28,495

Bridging Loan Interest

£4,988

Total Cash In

£94,732

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£180,000

Mortgage (After Refinance)

£135,000

Mortgage LTV

75%

Cash Left In

£94,732

Equity

£45,000

Rent Range

£675 - £885

Rent Estimate

£762

Running Costs/mo

£735

Cashflow/mo

£27

Cashflow/yr

£325

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £75K to £248K, average is £125K. £1.1K/m² to £5.4K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£248K11/220.07 mi88, Sydney Road, Crewe, Cheshire East CW1 4HG2
£125K11/210.17 mi110, Lime Tree Avenue, Crewe, Cheshire CW1 4HT2
£110K04/210.21 mi62, Sorbus Drive, Crewe, Cheshire CW1 4EX2
£135K01/230.24 mi34, Sorbus Drive, Crewe, Cheshire East CW1 4EX2
£150K06/210.25 mi93, Rochester Crescent, Crewe, Cheshire CW1 5YQ2
£175K04/230.25 mi95, Rochester Crescent, Crewe, Cheshire East CW1 5YQ2
£167.5K05/230.25 mi74, Rochester Crescent, Crewe, Cheshire East CW1 5YQ2
£121K10/200.28 mi97, Elm Drive, Crewe, Cheshire CW1 4EL2
£120K04/210.3 mi21, Rochester Crescent, Crewe, Cheshire CW1 5YF2
£120K10/210.31 mi23, Betjeman Way, Crewe, Cheshire East CW1 5FS2
£96K01/210.32 mi55, Prunus Road, Crewe, Cheshire CW1 4HD2
£160K01/230.37 mi185, Lansdowne Road, Crewe, Cheshire East CW1 5LR2
£158K12/220.41 mi10, Rhoden Street, Crewe, Cheshire East CW1 5ND2
£157.5K10/210.42 mi56, Herbert Street, Crewe, Cheshire East CW1 5LZ2
£140K06/230.45 mi1, Calder Avenue, Crewe, Cheshire East CW1 5NH2
£112.2K12/200.47 mi20, Hallshaw Avenue, Crewe, Cheshire CW1 4AY2
£145K03/210.47 mi4, Hallshaw Avenue, Crewe, Cheshire CW1 4AY2
£159.9K08/210.48 mi69, Heron Crescent, Crewe, Cheshire CW1 5YB2
£149K02/210.49 mi36, Woodland Gardens, Crewe, Cheshire East CW1 4JS2
£210K01/230.5 mi100, Remer Street, Coppenhall, Crewe, Cheshire East CW1 4LT2
£146K03/230.5 mi46, Remer Street, Coppenhall, Crewe, Cheshire East CW1 4LT2
£195K11/220.52 mi81, Heron Crescent, Crewe, Cheshire East CW1 5YB2
£127K02/210.53 mi178, Henry Street, Crewe, Cheshire CW1 4BG2
£165K01/230.53 mi182, Henry Street, Crewe, Cheshire East CW1 4BG2
£101K03/210.55 mi11, Charlesworth Street, Crewe, Cheshire CW1 4DE2
£107.5K01/210.55 mi13, Charlesworth Street, Crewe, Cheshire CW1 4DE2
£105K01/230.56 mi6, Beech Grove, Crewe, Cheshire East CW1 4ED2
£132.5K09/210.57 mi3, Micklewright Avenue, Crewe, Cheshire CW1 4DF2
£105K01/210.57 mi23, Micklewright Avenue, Crewe, Cheshire CW1 4DF2
£132.5K01/210.57 mi24, Micklewright Avenue, Crewe, Cheshire East CW1 4DF2
£75K11/200.58 mi160, Henry Street, Crewe, Cheshire CW1 4BQ2
£108K03/210.58 mi34, Queen Street, Crewe, Cheshire CW1 4AL2
£159.9K04/210.59 mi51, Coleridge Way, Crewe, Cheshire CW1 5JX2
£97.5K04/210.59 mi7, Chestnut Grove, Crewe, Cheshire CW1 4BD2
£110K12/210.61 mi66, Ridgway Street, Crewe, Cheshire CW1 4BY2
£102K12/200.61 mi36, Ridgway Street, Crewe, Cheshire East CW1 4BY2
£95K03/210.63 mi60, Middlewich Street, Crewe, Cheshire East CW1 4DA2
£100K04/230.63 mi6, Audley Street, Crewe, Cheshire East CW1 4BT2
£110K03/210.64 mi16, Mary Street, Crewe, Cheshire East CW1 4AJ2
£125K12/210.66 mi19, Stoneley Road, Crewe, Cheshire East CW1 4NQ2
£90K10/210.66 mi9, Surrey Street, Crewe, Cheshire East CW1 4AB2
£96K11/210.66 mi13, Surrey Street, Crewe, Cheshire CW1 4AB2
£140K07/210.66 mi16, Anderson Close, Crewe, Cheshire East CW1 5JB2
£156.3K04/210.67 mi8, Tennyson Avenue, Crewe, Cheshire East CW1 5JR2
£125K04/230.68 mi253, Broad Street, Crewe, Cheshire East CW1 4JJ2
£110K02/230.68 mi179, Broad Street, Crewe, Cheshire East CW1 4JJ2
£150K12/200.69 mi43, Coleridge Way, Crewe, Cheshire CW1 5JW2
£141K05/210.69 mi15, Coleridge Way, Crewe, Cheshire CW1 5JW2
£105K10/200.71 mi37, Vincent Street, Crewe, Cheshire CW1 4AA2
£85K01/210.71 mi25, Vincent Street, Crewe, Cheshire CW1 4AA2

Local Rents

13 rents from £675/mo to £885/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£85011/230.33 mi-2
£75012/240.45 miFoxholme Court, Sydney, CW1 5HF2
£75001/250.55 mi-2
£88511/240.56 mi-2
£88511/240.56 mi-2
£75012/240.58 miHenry Street, Crewe, CW12
£67512/240.59 miAmbuscade Close, Crewe2
£67512/240.59 mi-2
£67502/250.59 mi-2
£75003/250.59 mi-2
£75001/240.6 mi-2
£79501/250.6 mi-2
£71512/240.6 miMiddlewich Street, Crewe, CW12

Local Area Statistics

Population in CW1

42,160

Population in Crewe

101,534

Town centre distance

1.01 miles away

Nearest school

0.40 miles away

Nearest train station

1.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £190,000

February 28, 2025

Floor Plans

Description

  • Perfect for First Time Buyers +
  • Freehold Property +
  • Built in 2017 - 2 years NHBC Warranty Remaining +
  • Modern Kitchen and Bathroom +
  • Two Double Bedrooms, Great storage solutions to Bedroom Two +
  • Double Driveway for Parking for 2 Cars +
  • South Facing Garden +

Ideal First-Time Buyer Home in a Quiet Residential Development - Parn Close, CW1 4GD This beautifully presented 2-bedroom semi-detached house, built in 2017, offers a fantastic opportunity for first-time buyers. Located on a quiet and friendly residential development, this Freehold property is perfect for those looking to settle in a peaceful neighborhood while being close to local amenities. The property also benefits from 2 years remaining on its NHBC warranty, offering peace of mind. Key Features:

  • Freehold with 2 years NHBC warranty remaining
  • Double Driveway to the front for 2 cars
  • South-Facing Garden with lawn and patio area, perfect for outdoor living
  • Downstairs W.C. for added convenience
  • Front Aspect Kitchen with integrated electric oven and gas stove, plus space for a fridge/freezer and washing machine
  • Spacious Rear Living Room with double UPVC doors leading out to the garden, and a handy storage cupboard
  • Two Double Bedrooms on the first floor, providing plenty of space
  • Main Bedroom with dual aspect windows, offering a private outlook and ample natural light
  • Bedroom Two to the front with built-in storage cupboards
  • Modern Bathroom with a panelled bathtub, electric shower over, W.C., and wash hand basin Location:
    Situated on Parn Close, this home benefits from being in a quiet, well-connected area, ideal for first-time buyers who want to enjoy the tranquillity of suburban living with excellent transport links and local amenities close by. With a spacious living room, two double bedrooms, a south-facing garden, and a practical kitchen, this home offers everything you need for comfortable modern living. Perfect for a young family, couple, or single professional, this property is ready to move in and enjoy from day one!

Why This Property is Perfect for First-Time Buyers:

  1. Affordable & Low Maintenance
    This 2-bedroom semi-detached house is a great entry point onto the property ladder, offering modern living at an affordable price. Built in 2017, it requires minimal maintenance, allowing you to move in without having to worry about major repairs or renovations.

  2. NHBC Warranty
    With 2 years remaining on the NHBC warranty, you can rest assured that the property is covered for any potential structural issues, offering extra peace of mind for first-time buyers.

  3. Freehold Ownership
    As a Freehold property, you have complete ownership of both the house and the land it sits on, meaning no ground rent or service charges to pay, making it an ideal choice for those seeking long-term security and autonomy.

  4. Spacious & Practical Layout
    The well-thought-out design includes two double bedrooms, a spacious living room, and ample storage space, providing enough room for comfort and convenience without being overwhelming.

  5. South-Facing Garden
    The south-facing garden is perfect for enjoying sunny afternoons, gardening, or simply relaxing outdoors. It’s low-maintenance with both a lawn and patio area, ideal for a small family or social gatherings.

  6. Parking for Two Cars
    The double driveway to the front offers off-road parking for two vehicles, an invaluable feature, particularly for first-time buyers with a car. No need to worry about street parking or finding space.

  7. Energy Efficiency
    Built relatively recently, the property benefits from modern insulation, double glazing, and energy-efficient heating systems, which can help keep utility bills lower—an important factor for first-time buyers.

  8. Quiet, Residential Location
    Nestled in a quiet, well-established residential development, the property offers a peaceful environment perfect for those wanting to escape the hustle and bustle. You’ll also benefit from easy access to local amenities, schools, and transport links.

  9. Room to Grow
    With two double bedrooms and a generous living space, there’s plenty of room to grow into the property. Whether you're a single professional, couple, or small family, this home provides a great base to make your own.

  10. Move-In Ready
    The property is ready for you to move in and enjoy right away. With its modern kitchen, spacious living room, and well-kept condition, there's nothing more you need to do except settle in and start enjoying your new home.

This property ticks all the boxes for first-time buyers looking for affordability, convenience, and a modern living space with room to grow. Don’t miss out on this fantastic opportunity!

Don't miss out – arrange a viewing today!

Useful Information:

Tenure - Freehold Annual Management Fee - £183 Council Tax - Band B - £1724 per annum
EPC band: B Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, North West & Midlands

01525 659945

Next Steps?

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