2 Bed Terraced House, Refurb/BRRR, Stoke-on-Trent, ST4 4BA, £77,000

Fletcher Road, Stoke-on-Trent, ST4 4BA - 114 views - a year ago

Refurb/BRRR

ROI: 16%

~68 m²

+4 photos

ValuationFair Value

Sold Prices	£63K - £247K
Sold Prices/m²	£889/m² - £2.9K/m²

Square Metres	~68.11 m²
Price/m²	£1.1K/m²
Value Estimate	£78,540£78,540

End Value (After Refurb)	£94,427£94,427
Uplift in Value	+23%+23%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£19,250£19,250
Stamp Duty & Legal Fees	£3,510£3,510
Refurb Costs	£27,823£27,823
Bridging Loan Interest	£2,021£2,021
Total Cash In	£54,354£54,354

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£94,427£94,427
Mortgage (After Refinance)	£70,820£70,820
Mortgage LTV	75%75%
Cash Released	£13,070£13,070
Cash Left In	£41,284£41,284
Equity	£23,607£23,607
Rent Range	£550 - £3,050£550 - £3,050
Rent Estimate	£1,274
Running Costs/mo	£570£570
Cashflow/mo	£704£704
Cashflow/yr	£8,449£8,449
ROI	16%16%
Gross Yield	20%20%

Local Sold Prices

48 sold prices from £63K to £247K, average is £92.5K. £889/m² to £2.9K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£105K	04/23	0 mi	186, Fletcher Road, Stoke-on-trent ST4 4BA	£1,667	63	2	Terraced House
£83K	03/21	0.09 mi	34, Spode Street, Stoke-on-trent ST4 4DY	£1,137	73	2	Terraced House
£95K	11/21	0.1 mi	40, Spode Street, Stoke-on-trent ST4 4DY	£1,435	66	2	Terraced House
£90.5K	09/21	0.1 mi	8, Spode Street, Stoke-on-trent ST4 4DY	£1,257	72	2	Terraced House
£110K	11/23	0.1 mi	17, Nursery Street, Stoke-on-trent ST4 4BS	£1,549	71	2	Terraced House
£75K	09/21	0.1 mi	15, Nursery Street, Stoke-on-trent ST4 4BS	£1,119	67	2	Terraced House
£85.5K	04/23	0.11 mi	26, Corporation Street, Stoke-on-trent ST4 4AU	£1,204	71	2	Terraced House
£82.5K	03/21	0.11 mi	37, Corporation Street, Stoke-on-trent ST4 4AU	£1,115	74	2	Terraced House
£85K	12/21	0.11 mi	58, Corporation Street, Stoke-on-trent ST4 4AY	£1,195	71	2	Terraced House
£116K	09/23	0.14 mi	46, All Saints Road, Stoke-on-trent ST4 4BL	-	-	2	Terraced House
£90K	06/23	0.16 mi	203, Campbell Road, Stoke-on-trent ST4 4EL	-	-	2	Terraced House
£150K	12/20	0.16 mi	6a, The Villas, Stoke-on-trent ST4 5AQ	£1,786	84	2	Semi-Detached House
£137.5K	04/23	0.16 mi	7, All Saints Road, Stoke-on-trent ST4 4BP	£2,071	66	2	Terraced House
£147K	02/24	0.16 mi	5, All Saints Road, Stoke-on-trent ST4 4BP	£2,625	56	2	Terraced House
£95K	07/23	0.17 mi	66, Keary Street, Stoke-on-trent ST4 4AT	£1,258	76	2	Terraced House
£76.5K	03/24	0.18 mi	53, Keary Street, Stoke-on-trent ST4 4AS	£1,048	73	2	Terraced House
£95K	02/23	0.19 mi	13, Frank Street, Stoke-on-trent ST4 5RJ	-	-	2	Terraced House
£108.3K	11/21	0.19 mi	97, Campbell Road, Stoke-on-trent ST4 4DZ	£1,061	102	2	Terraced House
£115K	02/23	0.19 mi	81, Campbell Road, Stoke-on-trent ST4 4DZ	£1,150	100	2	Terraced House
£75K	04/23	0.19 mi	46, Fletcher Road, Stoke-on-trent ST4 4AJ	-	-	2	Terraced House
£90K	07/23	0.19 mi	16, Fletcher Road, Stoke-on-trent ST4 4AJ	£1,151	78	2	Terraced House
£118K	02/23	0.19 mi	33, Penkville Street, Stoke-on-trent ST4 5AL	£1,531	77	2	Terraced House
£63K	03/21	0.19 mi	56, Campbell Road, Stoke-on-trent ST4 4DU	£900	70	2	Terraced House
£92K	03/23	0.2 mi	70, Lime Street, Stoke-on-trent ST4 4EF	£1,314	70	2	Terraced House
£87K	11/23	0.2 mi	10, Lime Street, Stoke-on-trent ST4 4EF	£1,101	79	2	Terraced House
£75K	02/21	0.2 mi	97, Birks Street, Stoke-on-trent ST4 4HE	£1,119	67	2	Terraced House
£75K	10/21	0.2 mi	109, Birks Street, Stoke-on-trent ST4 4HE	£1,103	68	2	Terraced House
£155K	07/23	0.2 mi	45, Chamberlain Avenue, Stoke-on-trent ST4 5EN	£2,279	68	2	Semi-Detached House
£98K	04/23	0.21 mi	233, Campbell Road, Stoke-on-trent ST4 4EN	-	-	2	Terraced House
£93K	03/24	0.21 mi	231, Campbell Road, Stoke-on-trent ST4 4EN	£889	105	2	Terraced House
£85K	08/24	0.21 mi	9, Penkville Street, Stoke-on-trent ST4 5AL	-	-	2	Terraced House
£76K	09/23	0.21 mi	32, Boughey Street, Stoke-on-trent ST4 5RN	£1,188	64	2	Terraced House
£76K	09/23	0.21 mi	32, Boughey Street, Stoke-on-trent ST4 5RN	£1,188	64	2	Terraced House
£95K	06/24	0.21 mi	24, Boughey Street, Stoke-on-trent ST4 5RN	£1,301	73	2	Terraced House
£82K	11/21	0.21 mi	24, Fielding Street, Stoke-on-trent ST4 4HB	£1,093	75	2	Terraced House
£80K	05/23	0.21 mi	18, Fielding Street, Stoke-on-trent ST4 4HB	-	-	2	Terraced House
£150K	05/23	0.21 mi	34, Steeple Way, Stoke-on-trent ST4 5BX	-	-	2	Terraced House
£145K	05/23	0.21 mi	24, Steeple Way, Stoke-on-trent ST4 5BX	£2,685	54	2	Terraced House
£83K	11/21	0.21 mi	7, Lime Street, Stoke-on-trent ST4 4EQ	-	-	2	Terraced House
£90K	11/21	0.22 mi	13, Munro Street, Stoke-on-trent ST4 5HA	£1,250	72	2	Terraced House
£85K	03/21	0.23 mi	5, Shelburne Street, Stoke-on-trent ST4 5EY	£1,036	82	2	Terraced House
£118K	05/21	0.23 mi	54, Shelburne Street, Stoke-on-trent ST4 5EY	£2,107	56	2	Terraced House
£115K	06/23	0.23 mi	37, Shelburne Street, Stoke-on-trent ST4 5EY	£1,575	73	2	Terraced House
£95K	08/23	0.23 mi	14, Shelburne Street, Stoke-on-trent ST4 5EY	£1,357	70	2	Terraced House
£90K	11/20	0.24 mi	4, Gable Street, Stoke-on-trent ST4 4ED	£1,304	69	2	Terraced House
£95K	06/21	0.27 mi	42, Penkhull New Road, Stoke-on-trent ST4 5DB	£1,267	75	2	Terraced House
£247K	11/21	0.31 mi	48, Regent Street, Stoke-on-trent ST4 5HG	£2,906	85	2	Detached House
£167.5K	06/23	0.31 mi	13, Leadbeater Avenue, Stoke-on-trent ST4 5HE	-	-	2	Detached House

Local Rents

49 rents from £550/mo to £3K/mo, average is £770/mo.

Rent	Date	Distance	Address	Beds	Type
£850	12/24	0.15 mi	-	2	Semi-Detached House
£650	09/24	0.16 mi	-	2	Terraced House
£695	02/25	0.18 mi	-	2	Terraced House
£1,975	12/24	0.19 mi	-	2	Terraced House
£650	09/24	0.19 mi	Fletcher Road, Stoke-On-Trent	2	Terraced House
£700	03/25	0.19 mi	-	2	Terraced House
£650	09/24	0.2 mi	-	2	Terraced House
£800	12/24	0.2 mi	-	2	Terraced House
£700	01/25	0.2 mi	-	2	Terraced House
£800	12/24	0.2 mi	-	2	Terraced House
£700	01/25	0.2 mi	-	2	Terraced House
£795	03/25	0.22 mi	-	2	Flat
£845	02/25	0.22 mi	-	2	Semi-Detached House
£850	12/24	0.24 mi	-	2	Terraced House
£745	09/24	0.24 mi	South Terrace, Churchlands, Stoke On Trent, Staffordshire, ST4	2	Terraced House
£695	12/24	0.25 mi	-	2	Terraced House
£695	12/24	0.25 mi	-	2	Terraced House
£795	09/24	0.26 mi	Croft Crescent, Penkhull, Stoke-on-Trent ST4	2	Detached House
£800	12/24	0.27 mi	-	2	Terraced House
£750	01/25	0.27 mi	-	2	Terraced House
£750	02/25	0.27 mi	-	2	Terraced House
£750	02/25	0.27 mi	-	2	Terraced House
£750	12/24	0.27 mi	-	2	Flat
£825	09/24	0.3 mi	Bob Mcgrory Street, Stoke-On-Trent	2	Flat
£895	12/24	0.35 mi	-	2	Terraced House
£695	12/24	0.36 mi	-	2	Terraced House
£700	12/24	0.37 mi	-	2	Terraced House
£725	12/23	0.41 mi	-	2	Terraced House
£750	09/24	0.43 mi	Lowndes Close, Stoke-On-Trent	2	Flat
£2,700	09/24	0.48 mi	-	2	Terraced House
£799	03/25	0.49 mi	-	2	Flat
£550	12/24	0.51 mi	-	2	Flat
£550	12/24	0.51 mi	-	2	Flat
£650	09/24	0.51 mi	Oxford Street, Stoke-On-Trent	2	Terraced House
£735	01/25	0.51 mi	-	2	Terraced House
£1,950	12/24	0.52 mi	-	2	Terraced House
£3,050	01/24	0.52 mi	-	2	Semi-Detached House
£3,050	09/24	0.52 mi	-	2	Semi-Detached House
£3,050	08/24	0.52 mi	-	2	Semi-Detached House
£3,050	08/24	0.52 mi	-	2	Semi-Detached House
£3,050	12/24	0.52 mi	-	2	Semi-Detached House
£3,050	12/24	0.52 mi	-	2	Semi-Detached House
£850	12/24	0.53 mi	-	2	Bungalow
£785	12/24	0.54 mi	-	2	Terraced House
£725	08/24	0.55 mi	-	2	Terraced House
£850	03/25	0.56 mi	-	2	Terraced House
£700	09/24	0.59 mi	Neville Street, Oakhill, Stoke-On-Trent, ST4	2	Terraced House
£770	08/24	0.61 mi	-	2	Terraced House
£850	01/25	0.62 mi	-	2	Flat

Local Area Statistics

Population in ST4	56,87056,870
Population in Stoke-on-Trent	347,755347,755
Town centre distance	3.23 miles away3.23 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.82 miles away0.82 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+8%+8%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+23%+23%

Property History

Listed for £77,000

March 23, 2024

Description

Forecourted Terrace House +
Popular Fletcher Road Location +
Two Bedrooms +
In Need of Modernisation +
Lounge +
Dining Kitchen +
No Chain +
Garden +
Close to Stoke Town Centre and Railway Station +
Ideal Buy-to-Let +

Findahome are pleased to offer to the market this Two Bedroom Forecourted Terrace House situated close to Stoke Town Centre and Railway Station. In need of updating, it will be ideal for investors and first time buyers. Offered with No Upward Chain, a quick completion is possible. The accommodation comprises of: Ent Hall, Lounge, Dining Kitchen, Two Bedrooms and Bathroom/WC. The property benefits from gas central heating with a 'Baxi' combination boiler(not tested). Externally there is a rear garden. Freehold. Council Tax Band A. A viewing is essential to appreciate the potential.

ENTRANCE HALL(DRAFT DETAILS) UPVC double glazed entrance door, stairs leading to the first floor. Door into:

LOUNGE 13' 3" x 10' 8" (4.04m x 3.25m) Door leading into:

DINING KITCHEN 14' 2" x 10' 2" (4.32m x 3.1m) Wall units, sink and drainer unit, 'Baxi' combination boiler, under stairs storage cupboard. UPVC double glazed door leading to the garden.

FIRST FLOOR

LANDING Access to the loft, doors leading into:

BEDROOM ONE 10' 8" x 10' 5" (3.25m x 3.18m) Storage cupboard.

BEDROOM TWO 13' 0" x 7' 9" (3.96m x 2.36m)

BATHROOM/WC 7' 9" x 5' 9" (2.36m x 1.75m) Bath with shower over, hand basin, WC.

EXTERIOR There is a forecourt.
The rear garden is mainly paved.

This property is being sold on behalf of a corporate client. It is marketed subject to obtaining the grant of probate and must remain on the market until contracts are exchanged. As part of a deceased''s estate it may not be possible to provide answers to the standard property questionnaire. Please refer to the agent before viewing if you feel this may affect your buying decision.

Please note that any services, heating system or appliances have not been tested, and no warranty can be given or implied as to their working order.

Agent Details

Findahome Online Ltd, Stoke-on-Trent

01782 493531

Next Steps?

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