2 Bed Flat, Single Let, Stoke-on-Trent, ST2 7HQ, £70,000

853 Leek New Road, ST2 7HQ - 2 views - 2 years ago

Leasehold

BTL

ROI: 17%

~55 m²

+4 photos

ValuationUndervalued

Sold Prices	£77.5K - £225K
Sold Prices/m²	£1.2K/m² - £3.5K/m²

Square Metres	~55.10 m²
Price/m²	£1.3K/m²
Value Estimate	£86,800£86,800
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£17,500£17,500
Stamp Duty & Legal Fees	£3,300£3,300
Total Cash In	£20,800£20,800

Cash Out
Rent Range	£575 - £1,950£575 - £1,950
Rent Estimate	£665
Running Costs/mo	£372£372
Cashflow/mo	£293£293
Cashflow/yr	£3,519£3,519
ROI	17%17%
Gross Yield	11%11%

Local Sold Prices

20 sold prices from £77.5K to £225K, average is £95K. £1.2K/m² to £3.5K/m², average is £1.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£225K	08/21	0.07 mi	3, Weybourne Avenue, Stoke-on-trent ST2 7NZ	£3,516	64	2	Flat
£95K	02/22	0.11 mi	3, Minton Court, Baddeley Green, Stoke-on-trent ST2 7QU	£1,667	57	2	Flat
£82.5K	04/21	0.11 mi	4, Minton Court, Baddeley Green, Stoke-on-trent ST2 7QU	£1,422	58	2	Flat
£120K	03/23	0.14 mi	26, Minton Grove, Stoke-on-trent ST2 7QT	£1,951	62	2	Flat
£202K	03/21	0.34 mi	2, Crossdale Avenue, Stoke-on-trent ST2 7JB	£2,295	88	2	Flat
£179K	10/20	0.34 mi	2, Stoneycroft, Stoke-on-trent ST2 7JW	£2,057	87	2	Flat
£185K	05/21	0.45 mi	6, Cadeby Grove, Stoke-on-trent ST2 7BY	-	-	2	Flat
£105.5K	11/23	0.63 mi	17, Bronte Grove, Stoke-on-trent ST2 7QF	£2,398	44	2	Flat
£92.5K	07/22	0.88 mi	10, Hayeswood Grove, Stoke-on-trent ST6 8GG	£1,713	54	2	Flat
£115.5K	12/22	0.88 mi	36, Hayeswood Grove, Stoke-on-trent ST6 8GG	£1,805	64	2	Flat
£95K	09/21	0.88 mi	21, Chasewater Drive, Stoke-on-trent ST6 8GH	£1,827	52	2	Flat
£88K	11/20	0.88 mi	32, Hayeswood Grove, Stoke-on-trent ST6 8GG	£1,630	54	2	Flat
£80K	11/21	0.88 mi	7, Hayeswood Grove, Stoke-on-trent ST6 8GG	£1,538	52	2	Flat
£88K	11/20	0.88 mi	32, Hayeswood Grove, Stoke-on-trent ST6 8GG	£1,630	54	2	Flat
£90K	02/21	0.88 mi	14, Hayeswood Grove, Stoke-on-trent ST6 8GG	£1,730	52	2	Flat
£90K	10/21	0.88 mi	22, Hayeswood Grove, Stoke-on-trent ST6 8GG	£1,475	61	2	Flat
£106K	06/23	0.88 mi	18, Hayeswood Grove, Stoke-on-trent ST6 8GG	£1,424	74	2	Flat
£96K	07/22	0.94 mi	33, Moorefields View, Stoke-on-trent ST6 8GU	£1,745	55	2	Flat
£77.5K	03/21	0.94 mi	51, Moorefields View, Stoke-on-trent ST6 8GU	£1,360	57	2	Flat
£85K	06/22	1 mi	50, Blithfield Way, Stoke-on-trent ST6 8GS	£1,232	69	2	Flat

Local Rents

17 rents from £575/mo to £1.9K/mo, average is £775/mo.

Rent	Date	Distance	Address	Beds	Type
£795	09/24	0.06 mi	-	2	Terraced House
£795	10/24	0.06 mi	-	2	Terraced House
£670	10/24	0.09 mi	-	2	Terraced House
£680	10/24	0.12 mi	-	2	Detached House
£850	12/24	0.67 mi	-	2	Terraced House
£850	12/24	0.67 mi	-	2	Terraced House
£850	12/24	0.74 mi	-	2	Terraced House
£750	10/24	0.87 mi	-	2	Terraced House
£650	09/24	0.88 mi	Hayeswood Grove; Stoke-on-Trent; ST6	2	Flat
£1,950	09/24	0.94 mi	-	2	Flat
£700	09/24	1.12 mi	Burtree Drive, Norton Heights	2	Flat
£775	02/25	1.13 mi	-	2	Terraced House
£775	02/25	1.13 mi	-	2	Terraced House
£800	03/25	1.13 mi	-	2	Terraced House
£725	12/24	1.22 mi	-	2	Terraced House
£795	09/24	1.23 mi	Uplands Road, Stoke-on-Trent	2	Flat
£575	02/24	1.23 mi	-	2	Terraced House

Local Area Statistics

Population in ST2	34,04734,047
Population in Stoke-on-Trent	347,755347,755
Town centre distance	1.51 miles away1.51 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	3.40 miles away3.40 miles away

Rental growth (12m)	+24%+24%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+41%+41%

Property History

Listed for £70,000

September 8, 2023

Floor Plans

Description

Modern attractive building +
Good size apartment +
21 foot lounge +
Two bedrooms +
White bathroom suite +
Two allocated parking spaces +
Electric heating +
Excellent commuting links +
NO CHAIN +

Goodchild's Estate Agents are now in receipt of an offer for the sum of £70,000 for 853 Leek New Road St2 7HQ. Anyone wishing to place an offer on this property should contact Goodchild's estate agents before exchange of contracts. APARTMENT LIFESTYLE - This superb first floor apartment is the perfect find for individuals, couples or business professionals looking for a place to call their own! With a spacious, bright and airy interior, this property is located in a most convenient part of Baddeley Green, being only a short distance away from shops, amenities and with easy access into to Hanley town centre. The apartment in brief comprises; entrance hallway with storage cupboard, lounge diner, fitted kitchen, two bedrooms and family bathroom. There is a car park to the rear providing allocated off road parking. EPC rating: D. Tenure: Leasehold, Service charge description: £735.30 twice a year,

Agent Details

Goodchilds, Stoke-On-Trent

01782 493666

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

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