2 Bed Flat, Single Let, Stoke-on-Trent, ST6 4HX, £45,000

Lancashire Court, Stoke-on-Trent, ST6 4HX - 4 views - 3 years ago

Sold STC
Leasehold
Auction
BTL
ROI: 19%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£37.5K - £165K
Sold Prices/m²£584/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£661/m²

Value Estimate

£54,450
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£11,250

Stamp Duty & Legal Fees

£2,550

Total Cash In

£13,800

 

 

Cash Out

 

Rent Range

£425 - £850

Rent Estimate

£472

Running Costs/mo

£255

Cashflow/mo

£217

Cashflow/yr

£2,604

ROI

19%

Gross Yield

13%

Local Sold Prices

50 sold prices from £37.5K to £165K, average is £81.5K. £584/m² to £3.6K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£60K09/230 miApartment 54, Lancashire Court, Federation Road, Stoke-on-trent ST6 4HX2
£50K08/220.06 miApartment 43, Manchester Court, Federation Road, Stoke-on-trent ST6 4HT2
£58.5K08/220.06 miApartment 1, Manchester Court, Federation Road, Stoke-on-trent ST6 4HT2
£66K08/230.06 miApartment 55, Manchester Court, Federation Road, Stoke-on-trent ST6 4HT2
£58K02/230.06 miApartment 29, Manchester Court, Federation Road, Stoke-on-trent ST6 4HT2
£67K04/210.12 mi5, Galileo Court, Stoke-on-trent ST6 4AJ2
£78K05/230.14 miApartment 2, Leigh Court, Greenhead Street, Stoke-on-trent ST6 4GP2
£50K11/200.37 miFlat 43, Arthur Cotton Court, Hamil Road, Stoke-on-trent ST6 1DB2
£50K11/200.37 miFlat 43, Arthur Cotton Court, Hamil Road, Stoke-on-trent ST6 1DB2
£50K09/210.48 mi133, Haywood Road, Stoke-on-trent ST6 7AR2
£85K04/220.52 mi195, Hamil Road, Stoke-on-trent ST6 1AP2
£75K12/220.79 miApartment 15, Wessex Court, Sunny Bank, Stoke-on-trent ST6 3ND2
£65K08/210.82 miApartment 19, Tudor Court, Sunny Bank, Stoke-on-trent ST6 3NW2
£66.8K02/210.82 miApartment 17, Tudor Court, Sunny Bank, Stoke-on-trent ST6 3NW2
£70.7K09/230.85 miApartment 17, Windsor Court, Sunny Bank, Stoke-on-trent ST6 3NZ2
£83K08/221.09 miFlat 12, Rhodes Court, Second Avenue, Newcastle, Staffordshire ST5 8RD2
£94.5K11/221.17 miFlat 33, The Mount St Georges, Second Avenue, Newcastle, Staffordshire ST5 8RB2
£55K03/211.18 mi44, Bond Street, Stoke-on-trent ST6 5HF2
£85K10/211.19 miFlat 5, Celebration Court, Skellern Avenue, Stoke-on-trent ST6 7RA2
£97.5K08/221.22 miFlat 19, Faulds Court, James Street, Newcastle, Staffordshire ST5 0FA2
£85.5K02/231.23 mi54a, Riceyman Road, Newcastle, Staffordshire ST5 8LG2
£91.5K08/221.24 mi58, Riceyman Road, Newcastle, Staffordshire ST5 8LG2
£62.5K11/201.32 mi55, Wedgwood Street, Wolstanton, Newcastle, Staffordshire ST5 0HW2
£75.6K02/241.32 mi61, Wedgwood Street, Wolstanton, Newcastle, Staffordshire ST5 0HW2
£160K11/221.34 miApartment 17, Adlington House, High Street, Wolstanton, Newcastle, Staffordshire ST5 0HZ2
£138.5K05/231.34 miApartment 27, Adlington House, High Street, Wolstanton, Newcastle, Staffordshire ST5 0HZ2
£42K04/231.39 mi33, Stansgate Place, Stoke-on-trent ST1 5DS2
£105K04/231.47 miFlat 16, Portland Mews, Garnett Road West, Newcastle, Staffordshire ST5 8SD2
£86K05/211.62 miApartment 29, Ravensbourne Court, Burtree Drive, Stoke-on-trent ST6 8FF2
£84K06/221.62 miApartment 14, Ravensbourne Court, Burtree Drive, Stoke-on-trent ST6 8FF2
£90K07/221.62 miApartment 13, Ravensbourne Court, Burtree Drive, Stoke-on-trent ST6 8FF2
£93K07/221.62 miApartment 11, Ravensbourne Court, Burtree Drive, Stoke-on-trent ST6 8FF2
£37.5K10/201.64 miFlat 23, Brookfield Court, Union Street, Stoke-on-trent ST1 5AA2
£52K01/211.65 mi15a, Alexandra Road, Newcastle, Staffordshire ST5 9PQ2
£165K10/211.66 mi81, Zodiac Drive, Stoke-on-trent ST6 6NJ2
£85K06/221.68 mi50, Blithfield Way, Stoke-on-trent ST6 8GS2
£71K03/211.7 mi63, Chillington Way, Stoke-on-trent ST6 8GJ2
£74.5K04/211.7 mi65, Chillington Way, Stoke-on-trent ST6 8GJ2
£74.5K04/221.7 mi65, Chillington Way, Stoke-on-trent ST6 8GJ2
£77.5K03/211.73 mi51, Moorefields View, Stoke-on-trent ST6 8GU2
£96K07/221.73 mi33, Moorefields View, Stoke-on-trent ST6 8GU2
£98K10/231.76 miApartment 2, Ash House, Birches Rise, Stoke-on-trent ST1 2JR2
£95K09/211.85 mi21, Chasewater Drive, Stoke-on-trent ST6 8GH2
£88K11/201.87 mi32, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£80K11/211.87 mi7, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£88K11/201.87 mi32, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£90K02/211.87 mi14, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£90K10/211.87 mi22, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£106K06/231.87 mi18, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£115.5K12/221.87 mi36, Hayeswood Grove, Stoke-on-trent ST6 8GG2

Local Rents

31 rents from £425/mo to £850/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£50009/240.06 miManchester Court, Burslem, Stoke On Trent, ST62
£59509/240.06 miFederation Road, Burslem, Stoke-on-Trent, ST62
£55012/240.15 mi-2
£59512/240.16 mi-2
£59512/240.16 mi-2
£85003/250.16 mi-2
£62502/250.17 mi-2
£55002/240.18 mi-2
£75002/250.19 mi-2
£59512/240.19 mi-2
£85012/240.21 mi-2
£80003/250.21 mi-2
£75004/250.21 mi-2
£85012/240.22 mi-2
£80001/250.22 mi-2
£85012/240.22 mi-2
£67509/240.22 mi-2
£67509/240.22 miMountford Street, Stoke-On-Trent, ST62
£65001/250.23 mi-2
£80002/250.28 mi-2
£79509/240.48 miLorne Street, Burslem, Stoke-On-Trent2
£52509/240.48 mi-2
£55001/250.49 mi-2
£60012/240.53 mi-2
£60009/240.54 miMorton Street, Middleport2
£75012/240.54 mi-2
£73904/250.56 mi-2
£79504/250.58 mi-2
£42509/240.58 miKing William Street; Tunstall; ST62
£67512/240.59 mi-2
£85012/240.61 mi-2

Local Area Statistics

Population in ST6

64,608

Population in Stoke-on-Trent

347,755

Town centre distance

1.82 miles away

Nearest school

0.20 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £45,000

August 31, 2022

Floor Plans

Description

  • Two Bedroom +
  • Modern Apartment +
  • Electric Heating +
  • Double Glazed +
  • Kitchen Area +
  • Lounge Area +
  • Juliet Balcony +

An opportunity for all Investors, this property is being sold by ONLINE METHOD OF AUCTION by iamsold. Currently tenanted this two bedroom first floor apartment offers modern open plan accommodation close to Burslem town centre and other towns in The Potteries. Major road links are in close proximity as are popular schools and colleges. The property has allocated parking. A viewing is highly recommended to appreciate the aspect of this apartment.  

LOUNGE/KITCHEN 19' 5" x 11' 3" (5.93m x 3.45m) LOUNGE AREA. Upvc double glazed sliding patio doors, onto Juliet balcony.
TV Aerial point, Wall heater, Carpet to floor.
KITCHEN AREA. Range of wall and base units, work tope over with stainless steal single sink, built in oven and hob, Stainless steal extractor hood, Space for fridge freezer, Cushion floor covering. Wall heater.  

BEDROOM 1 11' 10" x 9' 10" (3.63m x 3.00m) Upvc double glazed window to rear elevation, Built in double wardrobe unit, Carpet to floor  

HALLWAY Solid wood fire door to landing area, Built in storage Cupboard providing space and plumbing for washing machine, Wall heater, Carpet to floor. 

BEDROOM 2 9' 5" x 7' 10" (2.89m x 2.41m) Upvc double glazed window to rear elevation, Wall heater, Carpet to floor 

BATHROOM 9' 10" x 7' 2" (3.00m x 2.20m) Four piece bathroom suite in white including a shower cubicle, Cushion floor covering, Part tile walls  

AUCTIONEERS COMMENTS The property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 day reservation period. Interested parties personal data will be shared with the Auctioneer (iamsold Ltd).

If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The buyer will pay £300 inc VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable reservation fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. The fee is paid to reserve the property to the buyer during the reservation period and is paid in addition to the purchase price. The fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.

Agent Details

Martin & Co, Stoke On Trent

01782 262880

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪