2 Bed Bungalow, Refurb/BRRR, Stoke-on-Trent, ST9 9DB, £240,000

Cedar Crescent, Endon, Staffordshire Moorlands, ST9 9DB - 2 years ago

Refurb/BRRR
ROI: 2%
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£90K - £579K
Sold Prices/m²£1.3K/m² - £5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£170,156

 

 

End Value (After Refurb)

£229,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£15,500

Refurb Costs

£27,830

Bridging Loan Interest

£6,300

Total Cash In

£111,380

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£229,250

Mortgage (After Refinance)

£171,938

Mortgage LTV

75%

Cash Left In

£111,380

Equity

£57,313

Rent Range

£495 - £4,250

Rent Estimate

£1,139

Running Costs/mo

£964

Cashflow/mo

£175

Cashflow/yr

£2,098

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £90K to £579K, average is £181K. £1.3K/m² to £5K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£248K04/210.09 miEstepona, Woodstone Avenue, Endon, Stoke-on-trent, Staffordshire ST9 9DL2
£230K04/210.37 miBramble Cottage, Stanley Moss Lane, Stockton Brook, Stoke-on-trent, Staffordshire ST9 9LH2
£220K12/200.41 mi11, Railway Court, Endon, Stoke-on-trent, Staffordshire ST9 9ET2
£290K01/210.42 mi8, Greenfield Road, Endon, Stoke-on-trent, Staffordshire ST9 9HL2
£320K10/220.44 mi47, The Meadows, Endon, Stoke-on-trent, Staffordshire ST9 9BG2
£165K08/230.46 mi7, Marlborough Crescent, Endon, Stoke-on-trent, Staffordshire ST9 9HN2
£205K08/230.47 mi18, High View Road, Endon, Stoke-on-trent, Staffordshire ST9 9HT2
£173K01/210.54 mi14, Parkfields, Endon, Stoke-on-trent, Staffordshire ST9 9BD2
£215K07/210.61 miDoran Dale, Stanley Road, Stockton Brook, Stoke-on-trent, Staffordshire ST9 9LL2
£90K02/210.74 mi19, Spring Crescent, Brown Edge, Stoke-on-trent, Staffordshire ST6 8QH2
£166.5K04/210.77 mi20, Fairfield Avenue, Brown Edge, Stoke-on-trent, Staffordshire ST6 8SA2
£225K06/230.77 mi8, Fairfield Avenue, Brown Edge, Stoke-on-trent, Staffordshire ST6 8SA2
£330K05/230.78 mi1066, Leek New Road, Stockton Brook, Stoke-on-trent ST9 9NT2
£112K02/230.81 mi204, High Lane, Brown Edge, Stoke-on-trent, Staffordshire ST6 8QB2
£260K02/210.83 mi14, Brookside Drive, Endon, Stoke-on-trent, Staffordshire ST9 9HA2
£260K09/210.89 miEden Bungalow, Sandy Lane, Brown Edge, Stoke-on-trent, Staffordshire ST6 8QL2
£125K04/230.92 mi9, The Priory, Endon, Stoke-on-trent, Staffordshire ST9 9BF2
£270K05/230.92 mi3, Blencarn Grove, Stockton Brook, Stoke-on-trent ST9 9PX2
£579K04/230.97 miRose Lea, Ball Lane, Stoke-on-trent, Staffordshire ST6 8SW2
£212K11/211.02 mi24, The Green, Brown Edge, Stoke-on-trent, Staffordshire ST6 8RN2
£255K07/211.02 mi6, Nursery Avenue, Stockton Brook, Stoke-on-trent ST9 9NY2
£132.5K10/201.02 mi59, Nursery Avenue, Stockton Brook, Stoke-on-trent ST9 9NY2
£162K04/211.02 mi49, Nursery Avenue, Stockton Brook, Stoke-on-trent ST9 9NY2
£125K11/201.06 mi14, Brentwood Grove, Stockton Brook, Stoke-on-trent ST9 9NQ2
£184K01/211.06 mi21, Brentwood Grove, Stockton Brook, Stoke-on-trent ST9 9NQ2
£180K06/211.07 miSunnyside, Sytch Road, Brown Edge, Stoke-on-trent, Staffordshire ST6 8QX2
£218K11/231.07 mi18, Brownhill Road, Brown Edge, Stoke-on-trent, Staffordshire ST6 8QY2
£250K08/231.1 mi2, Newfold Crescent, Brown Edge, Stoke-on-trent, Staffordshire ST6 8QZ2
£438K01/231.14 miOld Police House, Clewlows Bank, Bagnall, Stoke-on-trent, Staffordshire ST9 9LP2
£345K04/241.14 miLinley, Clewlows Bank, Bagnall, Stoke-on-trent, Staffordshire ST9 9LP2
£182K11/221.2 mi7, Baddeley Green Lane, Stoke-on-trent ST2 7LL2
£390K05/211.24 miPoole House, The Green, Baddeley Green, Stoke-on-trent ST2 7HF2
£192.5K02/231.24 mi15, Quarry Close, Stockton Brook, Stoke-on-trent ST9 9PH2
£172.5K10/231.24 mi8, Quarry Close, Stockton Brook, Stoke-on-trent ST9 9PH2
£210K03/231.27 miEast View, Church Road, Brown Edge, Stoke-on-trent, Staffordshire ST6 8TB2
£112K09/231.31 mi948, Leek New Road, Stoke-on-trent ST2 7HG2
£110K03/231.36 mi14, Felstead Street, Stoke-on-trent ST2 7HJ2
£135K09/231.36 mi951, Leek New Road, Stoke-on-trent ST2 7HQ2
£90K03/211.37 mi5, Felsted Street, Stoke-on-trent ST2 7HJ2
£94.3K09/211.39 mi39, Lockwood Street, Stoke-on-trent ST2 7HN2
£115K01/241.41 mi26, Lockwood Street, Stoke-on-trent ST2 7HN2
£126K09/231.41 mi10, Lockwood Street, Stoke-on-trent ST2 7HN2
£145K05/211.41 mi6, Trent Terrace, Stoke-on-trent ST6 8PE2
£125K05/231.44 mi8, Leonard Avenue, Baddeley Green, Stoke-on-trent ST2 7HW2
£145K02/211.48 mi14, Clive Avenue, Stoke-on-trent ST2 7HR2
£120K05/211.49 mi12, Foundry Square, Stoke-on-trent ST6 8PB2
£182.5K11/231.51 mi82, Malcolm Close, Stoke-on-trent ST2 7HU2
£125K01/211.52 mi179, Endon Road, Stoke-on-trent ST6 8NW2
£125K04/231.52 mi175, Endon Road, Stoke-on-trent ST6 8NW2
£176.3K02/211.55 mi113, Baddeley Green Lane, Stoke-on-trent ST2 7JL2

Local Rents

47 rents from £495/mo to £4.3K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£90009/240.23 miBasnetts Wood, Endon, Stoke-on-Trent, Staffordshire, ST93
£95009/240.41 miRailway Court, Endon2
£2,40009/240.43 miLeek Road, Endon, Staffordshire6
£4,25009/240.61 miBeaumont House, Church Lane, Endon, Stoke On Trent, Staffordshire, ST95
£90009/240.74 miPoolfields Court, Brown Edge, Stoke-on-Trent, Staffordshire, ST63
£1,50009/240.76 mi-4
£1,50009/240.78 miLeek New Road, Stockton Brook, ST94
£1,50009/240.86 miHigh View, Parkway, Brown Edge, Staffordshire, ST64
£1,50009/240.91 miThe Old Post Office, The Village, Endon3
£87504/250.95 mi-2
£1,60009/241.03 miHigh View, Parkway, Brown Edge, Staffordshire, ST64
£67010/241.37 mi-2
£79509/241.39 mi-2
£79510/241.39 mi-2
£85012/241.41 mi-2
£85012/241.41 mi-2
£68010/241.43 mi-2
£60009/241.49 miGilman Avenue, Stoke-on-Trent, Staffordshire, ST21
£95007/241.65 mi-3
£3,20009/241.68 mi-3
£3,20012/241.68 mi-3
£49509/241.92 miLeek Road Milton1
£1,05002/251.92 mi-3
£55009/241.95 miLincoln Court, Knypersley Road1
£72512/241.96 mi-2
£57502/241.98 mi-2
£62509/242.03 miWilliamson Avenue, Ball Green, Stoke-on-Trent2
£80001/252.04 mi-3
£85012/242.1 mi-2
£87501/252.21 mi-3
£1,95009/242.22 mi-2
£75010/242.23 mi-2
£65009/242.23 miHayeswood Grove; Stoke-on-Trent; ST62
£80009/242.23 miHayeswood Grove, Norton Heights3
£72509/242.26 miBarks Drive, Norton, Stoke-On-Trent3
£95009/242.27 miBlithfield Way, Stoke-On-Trent, ST63
£95009/242.27 mi-3
£99511/242.31 mi-3
£77502/252.37 mi-2
£77502/252.37 mi-2
£80003/252.37 mi-2
£79509/242.38 miUplands Road, Stoke-on-Trent2
£1,10012/242.39 mi-3
£70009/242.4 miBurtree Drive, Norton Heights2
£82509/242.41 miUplands Road, Stoke-On-Trent3
£1,70009/242.48 mi-3
£97509/242.48 mi-3

Local Area Statistics

Population in ST9

11,933

Population in Stoke-on-Trent

347,755

Town centre distance

2.87 miles away

Nearest school

0.20 miles away

Nearest train station

4.63 miles away

 

 

Rental growth (12m)

-5%

Sales demand

Buyer's market

Capital growth (5yrs)

+24%

Property History

Listed for £240,000

August 22, 2023

Floor Plans

Description

  • On An Elevated Corner Plot +
  • Garage Plus a Driveway +
  • Gardens to the Front, and Rear Elevation with Wide Ranging Views +
  • Huge Potential to Renovate and Improve +
  • Situated on a Quiet Cul-De-Sac +
  • Spacious Conservatory +
  • No upward chain +
  • Available for quick completion +

FANTASTIC LOCATION & VIEWS*REFURBISHMENT OPPORTUNITY***** A 2 bed DETACHED BUNGALOW on a CUL-DE-SAC in popular ENDON, Staffordshire Moorlands. This property offers a refurbishment opportunity to add your own stamp on it to make it YOUR DREAM HOME. With NO UPWARD CHAIN.**** This spacious bungalow is situated on a generous plot, offering endless potential for improvement. With a garage, driveway, and ample room for expansion.  Introduction Located in the picturesque village of Endon, this bungalow enjoys the tranquillity of the countryside while being within easy reach of local amenities. The property sits on a substantial plot, providing ample space for landscaping, extensions (STPP), or even a garden oasis. Hallway The properties entrance provides privacy with a hallway, which grants access to the whole property.  Lounge - 3.93 x 6.76 m Step into the spacious lounge bathed in natural light. Large windows offer panoramic views of the property's sprawling grounds, creating a welcoming and inviting atmosphere. This versatile space is ready to be reimagined to suit your style and preferences. Kitchen - 3.09 x 3.21 m The heart of the home, the kitchen, awaits your creative touch. With ample space for upgrades and renovations, you have the opportunity to design a culinary haven that meets your culinary needs. Bedroom 1 - 3.94 x 3.27 m This comfortable bedroom provides a peaceful retreat for relaxation. The generous window allows sunlight to stream in, creating a warm and comforting ambiance.  Bedroom 2 - 2.95 x 3.46 m The second bedroom offers the same potential as the rest of the property. With a view of the surrounding greenery, it's a serene space that can be tailored to your preferences. Whether it becomes a guest room, home office, or creative studio. Conservatory - 7.56 x 2.68 m Accessed from the kitchen, the conservatory presents an enchanting space where you can connect with the outdoors while staying sheltered. This versatile extension could serve as a sunlit dining area, a tranquil reading nook, or a vibrant indoor garden. Garage - 2.75 x 6.38 m A perfect space for DIY enthusiasts or those seeking additional storage, the garage offers ample room to accommodate your needs. With the convenience of an attached driveway, you'll have plenty of space for vehicles, tools, and more. Garden and Surroundings Gorgeous gardens to the rear provide a very special far reaching view, with ample space to the rear and front, this plot really is a gardeners paradise! This bungalow's rooms hold boundless possibilities for renovation and personalization. Each room offers a canvas on which you can create a living environment tailored to your unique tastes and requirements. The expansive plot and versatile spaces make this property an exceptional opportunity for those ready to turn their vision into reality. Contact us today to explore the potential first-hand! Council Tax D (Staffordshire Moorlands District Council). Tenure: Freehold.  Disclaimer - We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation. Belvoir and our partners provide a range of services to buyers, although you are free to use an alternative provider. For more information simply speak to someone in our branch today. We can refer you on to The Mortgage Advice Bureau for help with finance. We may receive a fee of up to 20% (inc VAT) of the mortgage commissions earned by the Mortgage Advice Bureau, if you take out a mortgage through them. If you require a solicitor to handle your purchase we can refer you on to Charltons solicitors or Knights solicitors. We may receive a fee of up to £120 (inc VAT), if you use their services. If you require a removals firm, we can refer you to Move My Stuff. We may receive a fee of up to 10% of the invoice value, if you use their services.  EPC rating: D. Tenure: Freehold,

Agent Details

Belvoir Sales, Stoke-On-Trent

01782 493685

Next Steps?

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