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AGENT'S DETAILS


107, Catherine Street, Crewe, Cheshire, CW2 6HE

For sale: £225,000.00|House, Mixed Use, Other, Residential, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£225,000.00
ADDRESS107, Catherine Street, Crewe , Cheshire, CW2 6HE
TYPEHouse, Mixed Use, Other, Residential, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON24th February 2021

DESCRIPTION

An excellent investment offering a 13%+ gross yield and a 10.7% net yield. Located on Catherine Street in Crewe, this HMO has excellent amenities nearby including Crewe train station all within walking distance.

This is a 6 bed HMO we fully renovated in early 2016. The property was totally stripped out back to brick so all new plumbing & heating system, electrics, re-plastered, full UPVC double glazing, all new bathroom and kitchen, and en-suites added. Hot water via a 200litre pressurised cylinder. Hard wired CAT 6 sockets in each room for fast internet. Acoustic insulation added between floors Renovation cost £60k. Full building works specification available if needed. Garage to rear converted into a self-contained 1 bed studio flat. Has own separate access via rear alleyway as well as through the house from front door. Would make excellent staff accommodation.

Garage to rear converted into a self-contained 1 bed studio flat. Has own separate access via rear alleyway as well as through the house from front door. Would make excellent staff accommodation.

Floor plans attached (note basement is not accessible)

Room sizes in square metres

Bed 1 – grd floor 13.4 - Bed 2 – grd floor 12.4 - Bed 3 – 1st floor en-suite 15.7

Bed 4 – 1st floor en-suite 10.1 - Bed 5– 1st floor 8.3 - Bed 6 – Self contained studio flat 1

Income
Room 1 £390 PCM / Room 2 £368.33 PCM / Room 3 £420.33 PCM

Room 4 £411 PCM / Room 5 £368.33 PCM / Room 6 £520 PCM - Total £29,735 PA Income

Expenditure - Gas £82.50 PCM / Electric £82.50 PCM / Water £98.15 / Council Tax £103.91

Tv Licence £13.12 / Broadband £40.98 - Total £5,665.92 PA Expenditure

Features
6 Bed HMO

Excellent Condition Throughout

£60k Renovation

Contains s/c Flat

2% + VAT Buyers Fee Applies

Net Yield 10.7%

LOCATION

Location: 107, Catherine Street, Crewe , Cheshire, CW2 6HE

Crewe (0.4 miles)

Nantwich (3.7 miles)

Sandbach (4.7 miles)

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