6-Bed HMO in Crewe
About this property
6-Bed High-Spec Turnkey HMO Opportunity – Crewe
An excellent opportunity to acquire and develop a high-specification 6-bedroom HMO in Crewe, one of Cheshire's strongest rental markets with consistent demand from contractors, healthcare workers, and professionals.
The property is currently a 3-bedroom terraced house and offers the potential to be converted into a fully compliant 6-bedroom, 6-bathroom HMO.
The scheme includes a dormer loft conversion creating three additional en-suite rooms, resulting in a premium co-living product designed to maximise rental income and long-term capital growth.
This design and refurbishment strategy already established. All works will be planned under Permitted Developments.
Development Strategy
-Existing 3-bedroom terraced property.
-Conversion to 3 Studios, 3-Ensuites HMO.
-Dormer loft conversion creating the 3 additional rooms.
-High-specification finish throughout.
-Fully furnished upon completion.
-Designed to attract professional tenants and contractors.
Financials
▪ Purchase price: £120,000
▪ GDV: £350,000
▪ Refurb costs: £183,970
▪ Annual profit: £48,600
▪ ROCE: 30%
▪ Yield: 14%
▪ Purchase Costs: £47,700
Rental Potential After Refinancing
▪ Annual rent: £48,600
▪ Annual net profit: £20,700
▪ Monthly net: £1,719
▪ Net yield: 6% (factoring all costs- council tax, utilities, broadband, insurance, fully managed agent fees, maintenance)
▪ Money Left in the Deal: £69,970
▪ No of years until all money out: 3.45
Why Crewe?
Crewe is one of Cheshire's strongest rental markets, benefiting from its position as a major railway hub with direct links to London, Manchester and Birmingham. The town has a strong contractor, healthcare and industrial workforce, creating consistent demand for quality shared accommodation.
With affordable property prices and growing employment opportunities, Crewe continues to attract investors seeking strong cash flow and long-term capital growth.
Planned Investment & Regeneration
Crewe is undergoing significant regeneration, with over £100 million of town centre investment planned, including new housing, commercial space and public realm improvements.
Additional growth drivers include:
• Proposed £1 billion+ redevelopment of Leighton Hospital, expected to create substantial employment opportunities and increase housing demand.
• Hillwood Park Crewe, a £100 million industrial and logistics development, creating new jobs and boosting demand for rental accommodation.
• The new Crewe Youth Zone ("The Dome"), enhancing community facilities and local quality of life.
These investments are expected to strengthen the local economy, support population growth and underpin long-term rental demand across the town.
Whether you are an experienced investor or making your first move into property, we can bring the team, systems and track record of delivering successful refurbishment and HMO projects to make the process straightforward and hands-off.
Quote deal no: 206
Investment calculators
Estimate only, using UK additional-property SDLT rates. Confirm the exact figure with a solicitor or accountant before exchanging.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.
Need finance? Sourced Financial Services specialise in HMO mortgages and can secure same-day decisions in principle.
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