Summary - 135 RICHMOND ROAD CREWE CW1 4BA
2 bed 2 bath Terraced
Ready-to-rent property with garages and immediate income potential.
Two self-contained flats with immediate rental income
Three garages to rear; one currently let, two vacant
Guide price £109,800 — sold at auction, £1,800 buyer fee applies
Compact total size ~560 sq ft; small garden only
Solid brick pre-1900 construction; likely no wall insulation
Double glazing installed before 2002; general updating likely needed
Very high local crime and deprived area; tenant turnover risk
Excellent mobile signal and fast broadband — tenant appeal
This freehold Victorian property is split into two self-contained flats and includes three rear garages, offering immediate rental income. Both flats are currently let at £500 pcm each; one garage brings in £45 pcm, with two garages previously let at around £50 pcm. The location and current lets make this an attractive purchase for investors seeking near-term cashflow and a high gross yield.
The building is traditional solid-brick construction (pre-1900) with double glazing fitted before 2002 and gas central heating to radiators. The accommodation is compact (approximately 560 sq ft total) and comes with a small garden, so scope for modest improvement or reconfiguration is limited but possible. Broadband and mobile signal are strong, supporting tenant demand for connectivity.
Buyers should note material considerations: the property sits in a deprived area with very high local crime rates and constrained renter demographics, which affects tenant turnover and management needs. The walls are likely uninsulated, glazing and other elements are dated, and some internal/updating works may be required. Sale will be by auction and carries an £1,800 buyer administration fee plus legal pack requirements — allow time to review documentation before bidding.
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