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Cromer Drive, Crewe

North West

£160,000
Listed on 07/03/2025

Property Details

Bedrooms
2
Type
Detached house
Area
570 sqft

Description

This charming two-bedroom bungalow offers a promising opportunity for renovation and investment. Located in a peaceful and sought-after neighborhood, the property stands as a blank canvas ready for your creative vision. The spacious lounge is filled with natural light, creating an inviting space that is ideal for both relaxation and social gatherings. The bungalow includes two well-sized bedrooms, providing comfortable areas for rest. An additional lean-to adds flexibility to the layout, suitable for various uses such as a home office, cozy reading nook, or play area for children. This extra space can be customized to meet your specific needs. Outside, the low-maintenance garden awaits your personal touch. It offers the potential to create a tranquil outdoor retreat without demanding extensive upkeep—perfect for enjoying warm evenings or small get-togethers. The presence of solar panels further enhances the property’s appeal by providing energy efficiency. While this bungalow requires modernization, it represents an excellent chance to bring your own style and functionality into every corner of the home. With its single-level design and ample room for improvement, there’s significant potential to increase its value through thoughtful renovations. This property not only presents an opportunity to design your dream living space but also serves as a solid investment that could appreciate over time in a desirable location. Explore the possibilities this bungalow has to offer and envision how you might transform it into a cherished home or successful rental property.

Investment Analysis

(CW1 area)

Above Market Value

This property is priced +24.8% above area average per sq ft

+24.8%
This Property
£281/sq ft
Area Average
£225/sq ft
Avg Rent (weekly)
£213
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£141,075
10% above area average per sq ft
Potential ROI
-27.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (CW1)

Area prices are rising by +7.0% over the last 12 months
3 year growth: 1.4%
5 year growth: 25.1%
Investment Disclaimer: Analysis based on CW1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Cromer Drive, Crewe
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£586
Based on a loan of £120,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE