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

Coleridge Way, Crewe, CW1 5JW - 1 views - 13 days ago

Refurb/BRRR
ROI: 2%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£73K - £195K
Sold Prices/m²£1.1K/m² - £5.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£124,379

 

 

End Value (After Refurb)

£159,950

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£28,697

Bridging Loan Interest

£4,200

Total Cash In

£83,847

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£159,950

Mortgage (After Refinance)

£119,963

Mortgage LTV

75%

Cash Left In

£83,847

Equity

£39,988

Rent Range

£580 - £1,600

Rent Estimate

£784

Running Costs/mo

£677

Cashflow/mo

£107

Cashflow/yr

£1,288

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £73K to £195K, average is £127K. £1.1K/m² to £5.4K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£150K12/200 mi43, Coleridge Way, Crewe, Cheshire CW1 5JW2
£141K05/210 mi15, Coleridge Way, Crewe, Cheshire CW1 5JW2
£156.3K04/210.07 mi8, Tennyson Avenue, Crewe, Cheshire East CW1 5JR2
£159.9K04/210.11 mi51, Coleridge Way, Crewe, Cheshire CW1 5JX2
£93K07/230.13 mi218, Hungerford Road, Monks Coppenhall, Crewe, Cheshire East CW1 6EX2
£127K07/210.15 mi11, Lea Avenue, Crewe, Cheshire CW1 6HQ2
£152K06/230.19 mi14, Brook Close, Crewe, Cheshire East CW1 6HR2
£169K11/200.2 mi15, Swinburne Drive, Crewe, Cheshire East CW1 5JE2
£105K10/200.21 mi4, Hungerford Avenue, Crewe, Cheshire East CW1 6ER2
£160K08/210.22 mi19, Hungerford Avenue, Crewe, Cheshire CW1 6EP2
£90K10/210.22 mi9, Surrey Street, Crewe, Cheshire East CW1 4AB2
£96K11/210.22 mi13, Surrey Street, Crewe, Cheshire CW1 4AB2
£97.5K04/210.23 mi7, Chestnut Grove, Crewe, Cheshire CW1 4BD2
£101K11/200.23 mi37, Gresty Terrace, Crewe, Cheshire CW1 5EN2
£105K01/230.24 mi6, Beech Grove, Crewe, Cheshire East CW1 4ED2
£105K10/200.24 mi37, Vincent Street, Crewe, Cheshire CW1 4AA2
£85K01/210.24 mi25, Vincent Street, Crewe, Cheshire CW1 4AA2
£128K11/200.25 mi2, Grange Close, Crewe, Cheshire East CW1 6HJ2
£170K11/200.26 mi5, Laureston Avenue, Crewe, Cheshire CW1 5HU2
£159.9K08/210.27 mi69, Heron Crescent, Crewe, Cheshire CW1 5YB2
£140K07/210.28 mi16, Anderson Close, Crewe, Cheshire East CW1 5JB2
£73K12/200.28 mi39, Hall O'shaw Street, Crewe, Cheshire East CW1 4AE2
£112.2K12/200.28 mi20, Hallshaw Avenue, Crewe, Cheshire CW1 4AY2
£145K03/210.28 mi4, Hallshaw Avenue, Crewe, Cheshire CW1 4AY2
£195K11/220.3 mi81, Heron Crescent, Crewe, Cheshire East CW1 5YB2
£108K03/210.3 mi34, Queen Street, Crewe, Cheshire CW1 4AL2
£180.1K12/210.36 mi334, Sydney Road, Crewe, Cheshire CW1 5LS2
£110K03/210.37 mi16, Mary Street, Crewe, Cheshire East CW1 4AJ2
£127K02/210.37 mi178, Henry Street, Crewe, Cheshire CW1 4BG2
£165K01/230.37 mi182, Henry Street, Crewe, Cheshire East CW1 4BG2
£160K01/230.38 mi185, Lansdowne Road, Crewe, Cheshire East CW1 5LR2
£111K12/220.38 mi29, Greystone Park, Crewe, Cheshire East CW1 2AL2
£112K03/210.38 mi22, Greystone Park, Crewe, Cheshire CW1 2AL2
£112K03/210.38 mi22, Greystone Park, Crewe, Cheshire CW1 2AL2
£98.8K03/210.38 mi48, Greystone Park, Crewe, Cheshire CW1 2AL2
£120K10/210.39 mi23, Betjeman Way, Crewe, Cheshire East CW1 5FS2
£145K07/210.4 mi56, Ludlow Avenue, Crewe, Cheshire East CW1 6DY2
£121K06/210.4 mi52, Ludlow Avenue, Crewe, Cheshire East CW1 6DY2
£185K03/230.4 mi52, Ludlow Avenue, Crewe, Cheshire East CW1 6DY2
£120K04/210.44 mi21, Rochester Crescent, Crewe, Cheshire CW1 5YF2
£150K06/210.44 mi93, Rochester Crescent, Crewe, Cheshire CW1 5YQ2
£175K04/230.44 mi95, Rochester Crescent, Crewe, Cheshire East CW1 5YQ2
£167.5K05/230.44 mi74, Rochester Crescent, Crewe, Cheshire East CW1 5YQ2
£140K06/230.46 mi1, Calder Avenue, Crewe, Cheshire East CW1 5NH2
£75K11/200.47 mi160, Henry Street, Crewe, Cheshire CW1 4BQ2
£157.5K10/210.53 mi56, Herbert Street, Crewe, Cheshire East CW1 5LZ2
£103.5K01/210.55 mi17, Crewe Road, Crewe, Cheshire East CW1 6DS2
£158K12/220.58 mi10, Rhoden Street, Crewe, Cheshire East CW1 5ND2
£100K04/230.61 mi6, Audley Street, Crewe, Cheshire East CW1 4BT2
£102K12/200.61 mi36, Ridgway Street, Crewe, Cheshire East CW1 4BY2

Local Rents

14 rents from £580/mo to £1.6K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£65012/240.15 mi-2
£75001/240.16 mi-2
£75011/230.16 mi-2
£58012/240.18 mi-2
£82503/250.24 mi-2
£67512/240.24 mi-2
£67502/250.24 mi-2
£67512/240.3 miAmbuscade Close, Crewe2
£1,60003/250.38 mi-2
£75001/250.43 mi-2
£75012/240.47 miHenry Street, Crewe, CW12
£75001/240.51 mi-2
£79501/250.51 mi-2
£75012/240.58 miFoxholme Court, Sydney, CW1 5HF2

Local Area Statistics

Population in CW1

42,160

Population in Crewe

101,534

Town centre distance

0.53 miles away

Nearest school

0.10 miles away

Nearest train station

0.73 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

March 21, 2025

Floor Plans

Description

  • True Bungalow +
  • No Onward Chain +
  • Well-Established Residential Area +
  • Much Loved & Well-Kept +
  • Private Rear Garden +
  • Drive & Garage +
  • Ideal For Downsizers +

Being sold with no-onward chain is this true, semi-detached bungalow in a convenient and well-established residential area. True bungalows are hard to come by and in a convenient and desirable area like this, even more so. As you can see from our photos, the bungalow is in need of some TLC and has been priced accordingly. But with no-onward chain, this would make a perfect purchase for those looking to downsize to a home on one level and something they can make their own. Located on a well-established residential development, just off Hungerford Road which is within close proximity to both the town centre and Crewe train station. Junctions 16 & 17 of the M6 are a short 5-10 minute drive from here also making the home very accessible, which is vital when downsizing to a bungalow. EPC rating: C. Tenure: Freehold,

Agent Details

Northwood, Sandbach

01270 433662

Next Steps?

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