Overview
Vacant 2-bed terrace in Crewe, CW1 2PJ. Refurbishment required, no structural concerns. Floorplate supports a straightforward 2-to-3-bed reconfiguration for HMO use, opening up a stronger per-room rental than a vanilla BTL exit. Asking £120,000.
The Numbers
Asking Price: £120,000 | Configuration: 2-bed terrace (vacant) | Conversion: 2 → 3 bed HMO viable | Tenure: Freehold | Status: Vacant on completion | Stamp Duty: £0 (below £250K threshold)
The Deal
Two routes: (1) refurb and let as a 2-bed BTL — clean stabilisation, immediate cash flow; (2) reconfigure to 3-bed HMO for higher gross yield in the Crewe rental market. CW1 has steady tenant demand off the back of Bentley, the rail employment cluster, and Crewe’s commuter footprint. Vacant on completion — no chain, no tenancy handover. Below the £250K SDLT threshold — no stamp duty payable.
Investment Pack
Pack includes the floorplan, conversion feasibility note, comparable evidence (2-bed BTL and 3-bed HMO comps), refurb scope, and refinance projections. Sent same-day on request.