157 Market Street, Crewe, Cheshire, CW1 2ND

Description

Substantial licensed nine-bedroom HMO, finished to a high standard, with every bedroom benefiting from its own ensuite bathroom. The property is let on a room-by-room basis, with individual monthly rents ranging from £600 to £695 and total gross rental income of £69,360 per annum before management fees and running costs.

Accommodation

Nine ensuite bedrooms within a shared living arrangement.

Location

Situated on Market Street, conveniently located for Crewe town centre shops, eateries and Market Hall. Rail connections to Manchester and London are nearby.

Tenure / Property Information

Investment Analysis

No sufficiently specific valuation evidence is supplied. The sold comparables are ordinary terraced-house transactions on Market Street at £98,000–£110,000, but they are not stated to be comparable nine-bedroom licensed HMOs and therefore cannot support a GDV for this property. The guide is £530,000. The stated gross income produces a 13.1% gross yield on the guide before management fees and running costs.

Investment Snapshot

Strategy Recommendation

Consider as an income-led HMO purchase rather than a flip or BRRR project, subject to verification of the HMO licence, tenancy income, occupancy, operating costs, compliance and financeability. Do not bid on yield alone without establishing a supported valuation and total acquisition cost.

Works Required

No specific refurbishment works are evidenced. The property is described as finished to a high standard, with nine ensuite bedrooms. Verify condition, licensing, fire-safety compliance and any remedial requirements before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be reliably assessed because no supported GDV, refurbishment budget, buyer costs or refinance valuation evidence is supplied. The existing gross income may support refinancing subject to lender treatment of the licensed HMO and verified accounts, but the 75% GDV refinance figure cannot be calculated.

Buy-to-Let Analysis

The stated gross rental income is £69,360 per annum, equivalent to £5,780 per month, from nine room-by-room rents of £600–£695 per month. This indicates a 13.09% gross yield on the £530,000 guide, with a rent-range sensitivity of approximately 12.23%–14.16%. The income is stated before management fees and running costs, so net yield and cash flow cannot be established. No external rental comparables or passing-rent documentation are supplied.

Flip Analysis

A flip appraisal is unsupported. No GDV for the HMO, refurbishment allowance, transaction costs or selling-cost allowance is provided. The ordinary terraced-house comparables are not sufficient evidence for resale value of this licensed nine-bedroom HMO.

Investor Risks & Due Diligence

• The £69,360 annual income is gross and expressly excludes management fees and running costs.

• Room-by-room income and occupancy should be verified, including the nine individual rental arrangements and current payment history.

• No HMO licence, compliance documentation, EPC or fire-safety information is supplied.

• No sufficiently specific HMO valuation evidence is supplied; the ordinary terraced-house comparables are not directly comparable.

• Buyer premium, administration charges and other acquisition costs are not provided.

Recommendation

Consider as an income-led HMO purchase rather than a flip or BRRR project, subject to verification of the HMO licence, tenancy income, occupancy, operating costs, compliance and financeability. Do not bid on yield alone without establishing a supported valuation and total acquisition cost.

Strategy Rating

Analysis Confidence

The property description, tenure, occupancy basis, room rents, total gross income and guide price are supplied, but there is no EPC, external rental evidence, HMO valuation evidence, operating-cost breakdown, buyer-fee information, refurbishment budget or GDV.