The housing market in Crewe
Crewe has a population of 80,000. Proportionally there are greater numbers of detached and semi-detached houses in comparison to Stoke-on-Trent, with fewer terraced properties.
Houses close to the town centre tend to be terrace properties built after 1850, reflecting the rapid expansion of the town after the arrival of Crewe railway station. Two and three bedroom properties predominate, although larger period houses ring the town centre.
Larger properties in Crewe have seen gains of around 7% since August 2015, although the traditional terrace market has seen less growth.
Average asking prices for all property rose to £135,000 in 2016. The average price for a two-bed terrace rose to £94,000.
The towns and villages that surround Crewe (for example, Haslington, Shavington and Wistaston) attract significantly higher average asking prices – in the region of £180,000 for three-bed semi-detached houses.
Generally Crewe suffered in a similar manner to most northern provincial towns after the credit crash with average prices falling from a 2006 high by 13%. The market has largely recovered and is now exceededing 2007 levels.
As of January 2018 the median rent on two-bedroom property in the Crewe area was around £550 per month.
The Manchester Metropolitan University has a campus based in Crewe which generates strong demand for suitable student housing and accommodation.