Where to invest in Crewe?

[goslingl12 4]

Hi guys,
I'm looking for recommendations on what areas in and around Crewe would be good to invest in for a single/double buy to let?

 

Done some initial research and aware of the planned regeneration of the town centre shopping mall/cinema, as well as HS2 in 2027- however would really appreciate input from any of you that have 1st hand knowledge/ insight of Crewe.

 

 

Thanks in advance

[DerekT 216]

Hi Goslingl12

 

I live in London, so not a local but have been a number of times and invested in a 3 bedder up there towards the town centre side. Based on conversations with agents and walking around the area, here's my thoughts:

• Hungerford Rd side of town - terraces are catered to the HMO market as it was closer to the old Manchester Uni. However, that's due to close next year and I don't think a replacement has been approved yet. So expect those to be saturated after next year if a new occupier for the campus is found.
• Ruskin Rd / Gainsborough Rd - more suited to families as it's close to the school, although some have been turned into HMOs now as it's not too far from the Bentley factory
• Leighton - main employer is the hospital, so you'll get professionals renting but there's lots of flats in the area so quite competitive

Some of the areas to be cautious of are:

• West St - slightly rough at the moment, but there are plans to regenerate it
• Claughton estate

Hope that helps. Rob B's RMP has a new build development in Crewe as well. Any other queries, give us a shout. 

[goslingl12 4]

Thanks Derek very helpful information- much appreciated!

 

I'm actually a Londoner too; have invested in Liverpool, and looking for another opportunity nearby around Cheshire. 

 

If you don't mind me asking, is your property set up as a HMO or a family home? Also, what's your experience been with managing the upkeep of a terraced house? I've heard they can be problematic and could be wise to do moderate refurbs before renting out. Was wondering how true that actually us...

 

Cheers