Crewe is the largest town in the East of Cheshire and is anticipating major growth over the next few years, aiming to establish its place as one of the UK’s buy to let property hotspots.
Home to over 5000 businesses, including the world famous Bentley factory, Crewe is consistently attracting a range of young professionals and families alike. Investors will also benefit from the town’s long term capital growth potential as house prices continue to rise across the area as opposed to neighbouring areas where prices are already at a premium.
A deeper look into Crewe’s property market shows the effects that the pandemic has made with a detached property costing an average of £204,884 which represents a decrease of around 8%. Semi detached properties experienced a similar drop with a 3% decrease, however terraced properties have been the subject of an approximate 20% increase with the average terraced property now costing around £112,014.
However, property prices in Crewe are expected to bounce back over the next 12 months as the market gradually returns to normal levels with further increases expected over the coming years.
Crewe is home to a range of different shops and local bars ideal for both families and young professionals moving into the area, however residents can also look forward to the regeneration of Crewe’s Royal Arcade. The £48 million redevelopment has turned the Royal Arcade into a leisure led complex featuring an impressive 8 screen Empire Cinema.
Local transport links also make Crewe an attractive area for residents and investors alike. Crewe’s unbeatable rail links serve as a gateway for the entire North West as well as the South with a trip to London taking a mere 1 hour 30 minutes.
|1||N/A||£99,500 (2)||£120,000 (2)||N/A|
|2||£68,125 (4)||£92,522 (70)||£123,806 (69)||£149,688 (8)|
|3||£110,000 (3)||£110,177 (35)||£144,298 (115)||£177,748 (36)|
|4||N/A||£145,857 (7)||£189,777 (9)||£228,600 (42)|
|5||N/A||N/A||£192,500 (1)||£263,500 (2)|
|1||£419 (11)||N/A||N/A||£440 (6)|
|2||£551 (10)||£551 (9)||£620 (7)||£619 (5)|
|3||£472 (2)||£609 (8)||£691 (7)||£902 (6)|
|4||N/A||£724 (1)||N/A||£897 (1)|
Property statistics provided by PropertyData.
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