3 Bed Terraced House, Refurb/BRRR, Stoke-on-Trent, ST4 7EH, £95,000

Oxford Street, Stoke-on-trent, ST4 7EH - 52 views - 2 years ago

Refurb/BRRR
ROI: 5%
~71 m²
+10 photos

ValuationFair Value

Sold Prices£48.5K - £301K
Sold Prices/m²£842/m² - £2.7K/m²

 

 

Square Metres

~70.60 m²
Price/m²£1.3K/m²

Value Estimate

£96,900

 

 

End Value (After Refurb)

£121,182

Uplift in Value

+28%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£4,050

Refurb Costs

£28,839

Bridging Loan Interest

£2,494

Total Cash In

£60,883

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£121,182

Mortgage (After Refinance)

£90,887

Mortgage LTV

75%

Cash Released

£19,637

Cash Left In

£41,246

Equity

£30,296

Rent Range

£390 - £2,800

Rent Estimate

£845

Running Costs/mo

£568

Cashflow/mo

£277

Cashflow/yr

£3,328

ROI

5%

Gross Yield

11%

Local Sold Prices

50 sold prices from £48.5K to £301K, average is £155K. £842/m² to £2.7K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£135K03/240.07 mi8, Wadham Street, Stoke-on-trent ST4 7HF3
£125K03/240.09 mi11, Lynam Street, Stoke-on-trent ST4 7ED3
£120K07/210.09 mi15, Brighton Street, Stoke-on-trent ST4 7HH3
£132K02/230.09 mi8, Brighton Street, Stoke-on-trent ST4 7HH3
£168K07/230.09 mi27, Brighton Street, Stoke-on-trent ST4 7HH3
£155K07/240.09 mi10, Brighton Street, Stoke-on-trent ST4 7HH3
£145K07/240.09 mi21, Brighton Street, Stoke-on-trent ST4 7HH3
£128K03/230.11 mi39, Oxford Street, Stoke-on-trent ST4 7EG3
£138K02/210.12 mi44, Oxford Street, Stoke-on-trent ST4 7EE3
£112.5K12/200.12 mi9, Gerrard Street, Stoke-on-trent ST4 7DS3
£149K07/240.12 mi9, Gerrard Street, Stoke-on-trent ST4 7DS3
£168K06/210.13 mi1, Northcote Avenue, Stoke-on-trent ST4 7NB3
£136K11/230.13 mi6, Northcote Avenue, Stoke-on-trent ST4 7NB3
£174K06/230.13 mi137, Richmond Street, Stoke-on-trent ST4 7DX3
£182K09/230.15 mi107, Hartshill Road, Stoke-on-trent ST4 7LU3
£149K03/210.16 mi52, Honeywall, Stoke-on-trent ST4 7HX3
£230K08/230.17 mi16, West Avenue, Stoke-on-trent ST4 7EU3
£230K08/230.17 mi16, West Avenue, Stoke-on-trent ST4 7EU3
£230K09/230.18 mi19, Quarry Avenue, Stoke-on-trent ST4 7EW3
£265K08/230.19 mi9, Hallahan Grove, Stoke-on-trent ST4 7SL3
£185K11/200.2 mi179, Hartshill Road, Stoke-on-trent ST4 7NE3
£106K10/230.24 mi41, Shelton Old Road, Stoke-on-trent ST4 7RX3
£132.5K02/210.25 mi37, Boon Avenue, Stoke-on-trent ST4 7QW3
£152K05/240.25 mi27, Boon Avenue, Stoke-on-trent ST4 7QW3
£125K10/210.25 mi62, Boon Avenue, Stoke-on-trent ST4 7QP3
£130K02/230.25 mi70, Boon Avenue, Stoke-on-trent ST4 7QP3
£235K11/230.29 mi3, Quarry Road, Stoke-on-trent ST4 7ER3
£75K07/230.3 mi5, Sillitoe Place, Stoke-on-trent ST4 5DQ3
£230.5K06/210.3 mi30, St Thomas Place, Stoke-on-trent ST4 7LB3
£135K11/200.3 mi8, Bath Street, Stoke-on-trent ST4 7QR3
£161K12/200.32 mi84, Princes Road, Stoke-on-trent ST4 7JL3
£175K08/230.32 mi67, Yoxall Avenue, Stoke-on-trent ST4 7JJ3
£175K08/230.32 mi67, Yoxall Avenue, Stoke-on-trent ST4 7JJ3
£150K01/210.33 mi195, Penkhull New Road, Stoke-on-trent ST4 5DF3
£185K08/210.35 mi34, Yoxall Avenue, Stoke-on-trent ST4 7JH3
£177K10/210.35 mi26, Yoxall Avenue, Stoke-on-trent ST4 7JH3
£244K09/230.38 mi269, Hartshill Road, Stoke-on-trent ST4 7NQ3
£209K01/230.4 mi30, Hunters Way, Stoke-on-trent ST4 5EJ3
£220.1K12/200.43 mi15, Franklin Road, Stoke-on-trent ST4 5DS3
£150K11/200.46 mi15, Colindene Grove, Stoke-on-trent ST4 5EH3
£155K09/210.46 mi17, Colindene Grove, Stoke-on-trent ST4 5EH3
£162K01/210.48 mi8, Hunters Drive, Stoke-on-trent ST4 5ED3
£261.4K02/230.52 mi30, Whalley Avenue, Stoke-on-trent ST4 5NE3
£301K11/230.53 mi9, Meliden Way, Stoke-on-trent ST4 5DZ3
£220K12/210.53 mi20, Whalley Avenue, Stoke-on-trent ST4 5NE3
£198K12/230.54 mi61, Hunters Way, Stoke-on-trent ST4 5EF3
£90.7K02/240.54 mi55, Hunters Way, Stoke-on-trent ST4 5EF3
£48.5K03/210.55 mi23, Haywood Street, Stoke-on-trent ST4 2RB3
£125K05/210.56 mi8, Sheppard Street, Stoke-on-trent ST4 5AE3
£64K02/210.56 mi80, Cornwallis Street, Stoke-on-trent ST4 1EA3

Local Rents

25 rents from £390/mo to £2.8K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£75002/240.12 mi-3
£85009/240.12 miSt. Andrews Square, Stoke-on-Trent, ST4 7GA3
£2,80009/240.14 mi-3
£87009/240.16 miHartshill Road, Hartshill, Stoke-on-Trent, ST4 7LU3
£1,00003/250.26 mi-3
£85003/250.26 mi-3
£65109/240.26 mi-3
£65109/240.26 mi-3
£65109/240.26 mi-3
£65109/240.26 mi-3
£90003/250.32 mi-3
£79512/240.32 mi-3
£64009/240.43 mi-3
£1,20509/240.43 miFoxfields, Stoke-on-Trent3
£90012/240.44 mi-3
£1,20012/240.53 mi-3
£95012/240.53 miHartshill Road; Hartshill; ST43
£39009/240.56 miCornwallis Street, Stoke-On-Trent, ST43
£82512/240.59 mi-3
£39009/240.59 miBeresford Street, Shelton, Stoke-On-Trent, ST43
£45509/240.6 mi-3
£47703/250.6 mi-3
£45509/240.61 miGuildford Street, Stoke-On-Trent, ST43
£1,40002/250.61 mi-3
£85009/240.61 miFoden Street, Stoke On Trent, ST43

Local Area Statistics

Population in ST4

56,870

Population in Stoke-on-Trent

347,755

Town centre distance

2.74 miles away

Nearest school

0.20 miles away

Nearest train station

0.49 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £95,000

February 1, 2023

Floor Plans

Description

  • DOUBLE GLAZED THROUGHOUT +
  • FAMILY BATHROOM DOWNSTAIRS +
  • AMPLE STORAGE SPACE +
  • CLOSE TO ROYAL STOKE UNIVERSITY HOSPITAL +
  • CLOSE TO A50 COMMUTER LINKS +
  • CLOSE TO TRAIN STATION +
  • WITH NO UPWARD CHAIN +

The Property
104 Oxford Street is a superb, mature, mid terraced property in the heart of Penkhull.

Penkhull is a popular suburb in Stoke On Trent and is very close to the Royal Stoke University hospital and the train station. Making this a superb opportunity for families, first time buyers and investors.

The surrounding area has many amenities and popular schools - as well as commuter links to the nearby towns of Hanley, Newcastle Under Lyme and excellent commuter links across Stoke On Trent via the A50 / A500 road networks. As well as the M6 north and south bound commuter carriageways leading to Stafford, Birmingham, East Cheshire and Manchester.

Internally the property is well built and presented in a very tidy manner - however it will benefit from some potential modernisation and maybe some reconfiguration.

The property briefly comprises of entrance hallway, open plan lounge / diner with its very own bar! Galley kitchen, bathroom and to the upper level there are three bedrooms. To the rear there is an enclosed yard with outbuilding.

With so much to offer this will be a superb purchase and will no doubt have a high level of interest. So please book your viewing today via our online Rightmove advert.

Disclaimer for virtual viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing. If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.

Agent Details

Purplebricks, covering Stoke-on-Trent

020 3909 0326

Next Steps?

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