2 Bed Terraced House, Refurb/BRRR, Crewe, CW2 7LQ, £70,000

Westminster Street, Crewe, CW2 7LQ - 9 days ago

Sold STC
Refurb/BRRR
ROI: 6%
~68 m²
+2 photos

ValuationFair Value

Sold Prices£70K - £183.3K
Sold Prices/m²£808/m² - £2.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£70,700

 

 

End Value (After Refurb)

£97,476

Uplift in Value

+39%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Refurb Costs

£28,800

Bridging Loan Interest

£1,838

Total Cash In

£54,588

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£97,476

Mortgage (After Refinance)

£73,107

Mortgage LTV

75%

Cash Released

£20,607

Cash Left In

£33,980

Equity

£24,369

Rent Range

£450 - £1,400

Rent Estimate

£764

Running Costs/mo

£477

Cashflow/mo

£287

Cashflow/yr

£3,439

ROI

6%

Gross Yield

13%

Local Sold Prices

50 sold prices from £70K to £183.3K, average is £104K. £808/m² to £2.1K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£103K12/230.03 mi77, Westminster Street, Crewe, Cheshire East CW2 7LG2
£125K05/230.1 mi223, Walthall Street, Crewe, Cheshire East CW2 7LE2
£115K01/230.12 mi68, Furnival Street, Crewe, Cheshire East CW2 7LH2
£105K11/220.14 mi43, Derrington Avenue, Crewe, Cheshire East CW2 7JB2
£115K11/200.15 mi11, Yates Street, Crewe, Cheshire CW2 7LY2
£110K12/200.15 mi23, Yates Street, Crewe, Cheshire East CW2 7LY2
£105K12/210.17 mi50, Maxwell Street, Crewe, Cheshire CW2 7JD2
£94.5K09/230.17 mi8, Maxwell Street, Crewe, Cheshire East CW2 7JD2
£123K07/230.17 mi12, Lunt Avenue, Crewe, Cheshire East CW2 7LZ2
£137K11/230.17 mi26, Lunt Avenue, Crewe, Cheshire East CW2 7LZ2
£96K01/210.19 mi37, Lawton Street, Crewe, Cheshire CW2 7HZ2
£83K04/230.2 mi65, Hope Street, Crewe, Cheshire East CW2 7DR2
£85K01/230.2 mi63, Hope Street, Crewe, Cheshire East CW2 7DR2
£125K04/230.2 mi22, Culland Street, Crewe, Cheshire East CW2 6DQ2
£94K03/210.2 mi21, Culland Street, Crewe, Cheshire East CW2 6DQ2
£125K10/230.2 mi29, Culland Street, Crewe, Cheshire East CW2 6DQ2
£100K03/210.23 mi10, Frances Street, Crewe, Cheshire CW2 6HF2
£88K06/210.24 mi21, Myrtle Street, Crewe, Cheshire CW2 7HY2
£113K11/210.24 mi24, Myrtle Street, Crewe, Cheshire CW2 7HY2
£78K11/230.24 mi9, Myrtle Street, Crewe, Cheshire East CW2 7HY2
£80K05/210.26 mi8, Alton Street, Crewe, Cheshire CW2 7QQ2
£92.3K12/200.26 mi28, Wood Street, Crewe, Cheshire CW2 6HH2
£95K10/230.27 mi6, Lord Street, Crewe, Cheshire East CW2 7DG2
£113K01/230.27 mi89, Catherine Street, Crewe, Cheshire East CW2 6HE2
£90K04/240.28 mi23, Chambers Street, Crewe, Cheshire East CW2 6HJ2
£90K03/230.28 mi69, Chambers Street, Crewe, Cheshire East CW2 6HJ2
£90K12/230.29 mi14, Clifton Street, Crewe, Cheshire East CW2 7QA2
£113K08/230.29 mi87, Alton Street, Crewe, Cheshire East CW2 7QF2
£107K03/230.29 mi44, Alton Street, Crewe, Cheshire East CW2 7QF2
£99K09/210.3 mi20, Brook Street, Crewe, Cheshire CW2 7DF2
£150K10/230.32 mi91, Gainsborough Road, Crewe, Cheshire East CW2 7PJ2
£183.3K06/230.32 mi60, Bedford Gardens, Crewe, Cheshire East CW2 6JR2
£110K11/230.33 mi15, Hewitt Street, Crewe, Cheshire East CW2 6DZ2
£73K04/210.34 mi42, South Street, Crewe, Cheshire East CW2 6HL2
£76K06/230.36 mi80, Wistaston Road, Crewe, Cheshire East CW2 7RE2
£74K01/210.36 mi39, Wistaston Road, Crewe, Cheshire CW2 7RA2
£120K07/230.36 mi2, Denver Avenue, Crewe, Cheshire East CW2 7PX2
£113K11/200.37 mi35, Bedford Street, Crewe, Cheshire CW2 6JA2
£101K11/220.37 mi25, Wistaston Road, Crewe, Cheshire East CW2 7RA2
£94K09/210.39 mi93, Wistaston Road, Crewe, Cheshire CW2 7RB2
£120K12/220.41 mi130, Wistaston Road, Crewe, Cheshire East CW2 7RQ2
£105K06/230.42 mi159, Wistaston Road, Crewe, Cheshire East CW2 7RH2
£93K11/220.43 mi104, Flag Lane, Crewe, Cheshire East CW2 7QU2
£90K04/230.43 mi16, Lewis Street, Crewe, Cheshire East CW2 7QR2
£95.2K02/240.43 mi89, Flag Lane, Crewe, Cheshire East CW2 7QT2
£107K09/230.44 mi134, Gresty Road, Crewe, Cheshire East CW2 6EF2
£120K07/230.48 mi9, Betley Street, Crewe, Cheshire East CW1 2LE2
£115K09/210.48 mi164a, Wistaston Road, Crewe, Cheshire CW2 7RJ2
£126K12/230.56 mi110, Stewart Street, Crewe, Cheshire East CW2 8LX2
£70K06/230.57 mi38, Flag Lane, Crewe, Cheshire East CW1 3BG2

Local Rents

29 rents from £450/mo to £1.4K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£1,40003/250.15 mi-2
£77502/250.16 mi-2
£77512/240.18 miLord Street, Crewe,2
£75003/250.19 mi-2
£77512/240.2 miCamm Street, Crewe, Cheshire, CW2 7DN2
£75012/240.21 miSwinnerton Street2
£82502/250.22 mi-2
£62512/240.22 miCrewe, Cheshire, CW22
£69512/240.23 mi-2
£55012/240.3 miBrook Street, Crewe2
£77512/240.33 miWalthall Street, Crewe, CW22
£65012/240.33 miCatherine Street, Crewe, CW22
£75012/240.35 miSt Andrews Court, Crewe, CW2 6LF2
£85003/250.36 mi-2
£72511/240.36 mi-2
£70003/250.36 mi-2
£70012/240.38 miDenver Avenue, Crewe, CW2 7PX2
£95003/250.4 mi-2
£75012/240.41 mi-2
£75012/240.42 miWistaston Road2
£75012/240.43 mi-2
£75012/240.43 miFlag Lane, Crewe, CW22
£77512/230.49 mi-2
£79501/250.51 mi-2
£72502/250.57 mi-2
£45012/240.57 miDelemere2
£74512/240.62 mi-2
£85003/250.62 mi-2
£87512/240.62 mi-2

Local Area Statistics

Population in CW2

40,752

Population in Crewe

101,534

Town centre distance

0.50 miles away

Nearest school

0.10 miles away

Nearest train station

0.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+34%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £70,000

March 22, 2025

Description

  • Two Bedroom Terrace +
  • Would Benefit From Improvement +
  • Close To Crewe Town +
  • Great Rail and Road Links +
  • No Onward Chain +
  • Viewing Recommended +

Welcome to this spacious terraced home, brimming with character and potential, located in a sought-after neighborhood. This property presents an exciting opportunity for investors or those looking to create their dream home through renovation.

Upon entering, you are greeted by two generous reception rooms, perfect for family gatherings. The adjoining kitchen features a backdoor leading to the yard. Upstairs, you will find two well-proportioned bedrooms that provide ample space. The upstairs bathroom completes this level, offering the potential for modernization and personal touches. This home offers plenty of potential for modernisation.

Outside, the property benefits from a yard, offering a private outdoor space

Agent Details

Butters John Bee, Crewe

01270 433339

Next Steps?

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