6-Bed HMOCrewe
A bay-fronted Victorian terrace in Crewe, reconfigured as a six-bedroom HMO with private shower rooms and a shared kitchen built around a central island.
£111,000 created. Six rooms from one Crewe terrace.
A bay-fronted Victorian terrace in Crewe, reconfigured as a six-bedroom HMO with private shower rooms and a shared kitchen built around a central island.
Crewe, Cheshire · 6 letting rooms · HMO conversion
The opportunity
A large period terrace with the floor area and layout to support six double letting rooms, bought at £120,000.
The work
A full strip-out and reconfiguration: six en-suite rooms, panelled feature walls, a new shared kitchen with island seating, new stair carpets and lighting throughout.
The result
Valued at £415,000 on completion against £304,000 all-in, and producing £1,800 net cash flow every month.
Fixed before we start. Reported when we finish.
- Purchase
- £120,000
- Fees
- £9,000
- Renovation
- £175,000
- Total project cost
- £304,000
- Gross development value
- £415,000
- Gross profit
- £111,000
- Net cash flow
- £1,800 pcm
- Profit on total cost
- 36.5%
- Net cash flow per year
- £21,600
All bars share one scale: £415k = full width.
The hatched section is the value created above everything spent: purchase, fees and the full build. That gap is what every ProSpace appraisal is built to protect.
Inside the house. 11 photographs.
Interested in Crewe? Let's talk.
Ask us about this 6-bed HMO, investing in a project like it, or hear about the next one before it's published.
Or email hello@prospacedevelopments.co.ukCall 01270 000 000
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