Crewe was formerly a popular destination for property developers and investors because of its low housing costs, convenient transportation, and huge employer. Is it, however, still a perfect area to invest? Here are some key points to consider if you plan to invest in Crewe.
1. A New Town Centre Coming Soon to Crewe…
When was the last time that you have walked through the high street or town centre of Crewe? You would have noticed that there is no town centre left. There are very few shops left in the area, the majority have moved to the Retail Park.
Under all the wreckage, however, are plans for a fresh new town centre with a cinema, restaurants, and entertainment hubs.
Anyone may read the full contents of the Crewe Town Centre Development plans.
The town’s development has begun. Crewe Market Hall has become a popular destination for residents in and around Crewe, offering a variety of food booths and local independent shops. With musical performances on Fridays, sold-out Trivia nights on Thursdays, family’s entertainment during the school holidays, and one-off activities throughout the year, the new town is certain to become extremely popular.
Plans for phase one of the redevelopment of Crewe’s Royal Arcade site have been approved by Cheshire East councillors – giving the green light to start work on one of the council’s most significant regeneration schemes for the town.
At a meeting of the council’s Strategic Planning Board, councillors gave approval for plans to construct a new bus station and 400-space multi-storey car park in the town centre on land bounded by Victoria Street, Queensway, Delamere Street and Lawrence Street.
They also gave approval for outline plans for phase two of the scheme – a leisure-led, mixed-use development – which would include a state-of-the-art cinema, 10-pin bowling centre, gym, restaurants, cafes and bars, retail units and public realm enhancements.
Approved plans for the new modern bus station, which will have 10 bays and be accessed via Delamere Street and Victoria Street, include a fully enclosed and attractive waiting area for passengers with toilet facilities.
The multi-storey car park will include electric vehicle charging spaces, solar panels and two panels of ‘living green wall’, which will be seen from Delamere Street.
Meanwhile, the public realm surrounding the new bus station and multi-storey car park will include the provision of more than 40 cycle parking spaces.
Crewe has also been allocated up to £37m of funding following two successful bids to government. This funding will be used to deliver two separate packages of projects.
Real change and investment are being seen and delivered in Crewe, which will only serve to provide confidence for further investment, new jobs and development in the town.
Both the new bus station and multi-storey car park are then due to open in summer 2023, paving the way for work to begin on phase two of the Royal Arcade scheme.
2. Businesses
Bentley has just announced that they will not be taking their production away from Crewe. This is in regard to the latest news that Bentley will be producing only electric cars in 2030. However, all the new cars will be produced here in Crewe.
A51 between Chester and Crewe could be set for new petrol station, café and park and ride
The site could be served by the 84 Aviva bus routes between Crewe and Chester.
The petrol station would serve HGVs as well as other vehicles – the A51 sees 15,000 ‘vehicle movement’ every day, according to Mr Taylor.
The developers statement read: “We are seeking a Scoping Opinion regarding a proposed petrol filling station, Coffee outlet and a 50-bay park ‘n’ ride with EV charging at land adjacent the A51 Burford traffic-light junction with the B4531 Chester Road and the A534 Wrexham Road.
“The proposed development is optimally placed at the nearest point to Nantwich where the A51 intersects with the Arriva 84 bus route (Chester-Crewe via Nantwich).
3. Universities
Crewe is home to the University of Buckingham’s Faculty of Medicine and Health Sciences, as well as UTC College, a specialised Engineering and Design School supported by Bentley Motor, Network Rail, Siemens, Air Products & others
Students from all throughout the country attend the University of Buckingham. There are student halls nearby, however many students will be seeking for housing outside of the halls.
Because UTC College is for students aged 14 to 18, students will not be seeking for housing. Nonetheless, an increasing number of families are relocating to the region to make it simpler for their children to travel to school or to improve their chances of acceptance.
Crewe Engineering and Design UTC
University of Buckingham Crewe Campus
4. Average rental income and property price
According to RightMove, the average property price in Crewe has increased by 2% to £179,840. The average rent is around £626 per month. The average rent for a home is £795 per month, a flat is £570 per month, and a room is £529 per month.
5. Location
One of the things that should never be overlooked is that Crewe, like Stoke on Trent, is located very well in regard to transport links and that makes it a very good please for warehouses and distribution throughout the UK. Plans has also gone in to make Crewe the central hub for the railway in England. https://www.cheshire-live.co.uk/news/chester-cheshire-news/heres-crewe-should-home-great-24487533
All of the above that has been mentioned is why Crewe will become and is an amazing place to invest in.
We have also witnessed a rise in interest in the regions surrounding Crewe for people wishing to invest in a more costly area and obtain a greater monthly rental income.
To summarize, we continue to feel that Crewe is an excellent place to invest. There are several plans to renovate and develop the town, and it will soon become a destination where people will want to visit and reside. Furthermore, demand for HMO rooms and purchase to lease rentals remains high.
