2 Bed Terraced House, Single Let, Stoke-on-Trent, ST7 4SP, £100,000

Carr Street, Packmoor, Stoke-on-Trent, ST7 4SP - 2 years ago

BTL
ROI: 7%
~64 m²
+10 photos

ValuationFair Value

Sold Prices£55K - £280K
Sold Prices/m²£797/m² - £3.9K/m²

 

 

Square Metres

~63.50 m²
Price/m²£1.6K/m²

Value Estimate

£101,699

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Total Cash In

£31,200

 

 

Cash Out

 

Rent Range

£550 - £850

Rent Estimate

£650

Running Costs/mo

£463

Cashflow/mo

£188

Cashflow/yr

£2,250

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £55K to £280K, average is £119.3K. £797/m² to £3.9K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£105K11/230.02 mi37, Carr Street, Packmoor, Stoke-on-trent ST7 4SP2
£82.5K01/240.02 mi19, Carr Street, Packmoor, Stoke-on-trent ST7 4SP2
£95K11/210.02 mi41, Carr Street, Packmoor, Stoke-on-trent ST7 4SP2
£102.5K01/230.04 mi15, Carr Street, Packmoor, Stoke-on-trent ST7 4SP2
£55K09/230.06 mi64, Mellor Street, Packmoor, Stoke-on-trent ST7 4SW2
£140K02/230.07 mi19, Woodruff Close, Packmoor, Stoke-on-trent ST7 4UL2
£90K09/210.08 mi20, Samuel Street, Packmoor, Stoke-on-trent ST7 4SR2
£82K10/210.08 mi38, Samuel Street, Packmoor, Stoke-on-trent ST7 4SR2
£105K12/210.08 mi52, Samuel Street, Packmoor, Stoke-on-trent ST7 4SR2
£95K10/210.08 mi53, Samuel Street, Packmoor, Stoke-on-trent ST7 4SR2
£249K09/230.08 mi79, Mellor Street, Packmoor, Stoke-on-trent ST7 4SN2
£105K05/240.08 mi38, Samuel Street, Packmoor, Stoke-on-trent ST7 4SR2
£95K01/240.08 mi34, Samuel Street, Packmoor, Stoke-on-trent ST7 4SR2
£110K08/240.08 mi52, Samuel Street, Packmoor, Stoke-on-trent ST7 4SR2
£91.5K05/230.08 mi36, Samuel Street, Packmoor, Stoke-on-trent ST7 4SR2
£97.5K08/230.08 mi31, Samuel Street, Packmoor, Stoke-on-trent ST7 4SR2
£68K12/220.09 mi47, Thomas Street, Packmoor, Stoke-on-trent ST7 4SS2
£120K12/210.09 mi13, Thomas Street, Packmoor, Stoke-on-trent ST7 4SS2
£107K05/230.15 mi7, Handley Street, Packmoor, Stoke-on-trent ST7 4SJ2
£99K04/210.15 mi470, Turnhurst Road, Packmoor, Stoke-on-trent ST7 4QF2
£115K12/200.15 mi464, Turnhurst Road, Packmoor, Stoke-on-trent ST7 4QF2
£114K06/230.23 mi454, Turnhurst Road, Packmoor, Stoke-on-trent ST7 4QQ2
£148K10/230.24 mi14b, Newtown, Newchapel, Stoke-on-trent, Staffordshire ST7 4QA2
£115K01/240.31 mi13, Newtown, Newchapel, Stoke-on-trent, Staffordshire ST7 4PZ2
£280K11/210.34 mi10, Woodpecker Drive, Packmoor, Stoke-on-trent ST7 4GJ2
£167K05/240.35 mi47, Scragg Street, Packmoor, Stoke-on-trent ST7 4QJ2
£185K03/240.37 mi19, Station Road, Newchapel, Stoke-on-trent, Staffordshire ST7 4QS2
£185K02/210.38 mi21, Heron Close, Packmoor, Stoke-on-trent ST7 4GS2
£125K03/210.42 mi23, High Street, Newchapel, Stoke-on-trent, Staffordshire ST7 4PU2
£165.7K09/210.46 mi6, Hopton Way, Stoke-on-trent ST6 6UF2
£195K05/230.48 mi11, Orkney Avenue, Packmoor, Stoke-on-trent ST7 4UB2
£190K08/230.48 mi21, Orkney Avenue, Packmoor, Stoke-on-trent ST7 4UB2
£119K11/200.48 mi90, High Street, Newchapel, Stoke-on-trent, Staffordshire ST7 4PT2
£140K08/210.48 mi78, High Street, Newchapel, Stoke-on-trent, Staffordshire ST7 4PT2
£151K12/230.48 mi58, High Street, Newchapel, Stoke-on-trent, Staffordshire ST7 4PT2
£124K03/210.5 mi16, Marshland Grove, Stoke-on-trent ST6 6UT2
£201.5K06/210.51 mi14, Greenmoor Avenue, Stoke-on-trent ST6 6UQ2
£130K02/230.51 mi11, Rainham Grove, Stoke-on-trent ST6 6UU2
£145K04/240.56 mi12, Finch Place, Brindley Ford, Stoke-on-trent ST8 7RE2
£142.5K04/230.56 mi9, Finch Place, Brindley Ford, Stoke-on-trent ST8 7RE2
£200K06/240.59 mi7, Marsh Avenue, Newchapel, Stoke-on-trent, Staffordshire ST7 4PX2
£142K03/230.61 mi154, High Street, Newchapel, Stoke-on-trent, Staffordshire ST7 4PR2
£119K10/230.66 mi13, Outclough Road, Brindley Ford, Stoke-on-trent ST8 7QH2
£115K12/210.68 mi29, Barmouth Grove, Brindley Ford, Stoke-on-trent ST8 7QE2
£110K10/200.68 mi1, Finch Street, Brindley Ford, Stoke-on-trent ST8 7QQ2
£126.5K01/240.68 mi1, Finch Street, Brindley Ford, Stoke-on-trent ST8 7QQ2
£115K03/210.71 mi141, Oversley Road, Stoke-on-trent ST6 6TT2
£119.5K05/210.71 mi8, Pennyfields Road, Newchapel, Stoke-on-trent, Staffordshire ST7 4PN2
£168K04/240.71 mi66, Pennyfields Road, Newchapel, Stoke-on-trent, Staffordshire ST7 4PN2
£235K04/230.73 mi23, Aspen Close, Harriseahead, Stoke-on-trent, Staffordshire ST7 4HD2

Local Rents

16 rents from £550/mo to £850/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£55004/230.07 mi-2
£62510/240.08 mi-2
£65006/230.76 mi-2
£69509/240.81 miLowhurst Drive, Chell2
£84512/240.88 mi-2
£79509/240.89 miLapwing Road, Kidsgrove, Stoke- On- Trent2
£70012/230.97 mi-2
£82503/251.01 mi-2
£65004/241.01 mi-2
£67003/251.01 mi-2
£85003/251.06 mi-2
£69509/241.09 mi-2
£85003/251.09 mi-2
£70004/251.2 mi-2
£79512/241.22 mi-2
£79512/241.22 mi-2

Local Area Statistics

Population in ST7

53,396

Population in Stoke-on-Trent

347,755

Town centre distance

3.56 miles away

Nearest school

0.10 miles away

Nearest train station

1.96 miles away

 

 

Rental growth (12m)

+109%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Price changed to £100,000

December 4, 2024

Listed for £105,000

August 18, 2023

Floor Plans

Description

  • Mid Terrace Property +
  • 2 Double Bedrooms +
  • 2 Reception Rooms +
  • Separate Kitchen +
  • Tenanted at £650pcm Till Decmember 2025 +
  • Popular Location +
  • Close To All Local Amenities and Transport Links +
  • No Chain +
  • Council Tax Band A +

ATTENTION INVESTORS

This delightful 2 bed terrace found in the well liked area of Packmoor is sure to be popular with any buyer looking for the perfect investment property.

Situated close to all local amenities, good schools, local transport and a short drive from Kidsgrove this well-proportioned property is offered to the market with no upwards chain.

Briefly the accommodation comprises of: living room, dining room, separate kitchen and family bathroom. Upstairs there are 2 spacious double bedrooms. Outside there is a low maintenance garden.

Located in an area of high rental demand, this property would be an ideal addition to any investor's portfolio or the perfect starter home for any would be landlord looking to get on the property ladder.

Managed by Leaders and sold with tenant in situ paying £650pcm till December 2025 this property is the perfect ready-made investment.

To arrange a viewing or for more information please call Leaders at your earliest convenience!

Council Tax Band A

Agent Details

Leaders Sales, Crewe

01270 433550

Next Steps?

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