2 Bed Bungalow, Refurb/BRRR, Stoke-on-Trent, ST9 0JH, £179,950

Somerton Road, Werrington, Staffordshire Moorlands, ST9 0JH - 1 views - a year ago

Refurb/BRRR
ROI: 2%
~68 m²
+3 photos

ValuationFair Value

Sold Prices£105K - £505K
Sold Prices/m²£1.6K/m² - £5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£177,236

 

 

End Value (After Refurb)

£174,385

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£44,988

Stamp Duty & Legal Fees

£11,297

Refurb Costs

£27,830

Bridging Loan Interest

£4,724

Total Cash In

£90,588

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£174,385

Mortgage (After Refinance)

£130,789

Mortgage LTV

75%

Cash Left In

£90,588

Equity

£43,596

Rent Range

£485 - £1,150

Rent Estimate

£858

Running Costs/mo

£737

Cashflow/mo

£121

Cashflow/yr

£1,457

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £105K to £505K, average is £172.5K. £1.6K/m² to £5K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£187.5K05/210.02 mi16, Somerton Road, Werrington, Stoke-on-trent, Staffordshire ST9 0JH2
£187K07/210.25 mi332, Ash Bank Road, Werrington, Stoke-on-trent, Staffordshire ST9 0JS2
£163K03/230.26 mi1, Moss Park Avenue, Werrington, Stoke-on-trent, Staffordshire ST9 0LS2
£147K12/200.26 mi13, Moss Park Avenue, Werrington, Stoke-on-trent, Staffordshire ST9 0LS2
£214K08/230.26 mi17, Moss Park Avenue, Werrington, Stoke-on-trent, Staffordshire ST9 0LS2
£285K12/230.27 mi128, Washerwall Lane, Werrington, Stoke-on-trent, Staffordshire ST9 0LY2
£233K09/230.27 mi127, Washerwall Lane, Werrington, Stoke-on-trent, Staffordshire ST9 0LY2
£130K06/210.27 mi48, Chartwell Close, Werrington, Stoke-on-trent, Staffordshire ST9 0PQ2
£155K02/230.27 mi4, Chartwell Close, Werrington, Stoke-on-trent, Staffordshire ST9 0PQ2
£215K04/240.31 mi94, Chatsworth Drive, Werrington, Stoke-on-trent, Staffordshire ST9 0PB2
£220K11/200.34 mi7, Blithfield Close, Werrington, Stoke-on-trent, Staffordshire ST9 0PJ2
£165K10/220.35 mi5, Stonehouse Crescent, Werrington, Stoke-on-trent, Staffordshire ST9 0LD2
£128K05/230.35 mi5, Hadden Close, Werrington, Stoke-on-trent, Staffordshire ST9 0PG2
£130K08/230.35 mi7, Hadden Close, Werrington, Stoke-on-trent, Staffordshire ST9 0PG2
£135K03/220.35 mi4, Capesthorne Close, Werrington, Stoke-on-trent, Staffordshire ST9 0PF2
£160K10/220.35 mi8, Stonehouse Crescent, Werrington, Stoke-on-trent, Staffordshire ST9 0LD2
£115K06/210.37 mi3, Brentwood Court, Werrington, Stoke-on-trent, Staffordshire ST9 0AN2
£115K06/210.38 mi3, Brentwood Court, Werrington, Stoke-on-trent, Staffordshire ST9 0AN2
£358K03/230.38 mi40a, Moss Park Avenue, Werrington, Stoke-on-trent, Staffordshire ST9 0EP2
£175K03/230.44 mi16, Russell Grove, Werrington, Stoke-on-trent, Staffordshire ST9 0EX2
£193K08/230.44 mi18, Russell Grove, Werrington, Stoke-on-trent, Staffordshire ST9 0EX2
£160K12/230.44 mi4, Russell Grove, Werrington, Stoke-on-trent, Staffordshire ST9 0EX2
£155K05/210.44 mi16, Russell Grove, Werrington, Stoke-on-trent, Staffordshire ST9 0EX2
£170K06/230.44 mi3, Haven Crescent, Werrington, Stoke-on-trent, Staffordshire ST9 0EY2
£250K03/240.51 mi10, Oak Mount Road, Werrington, Stoke-on-trent, Staffordshire ST9 0BZ2
£140K12/200.55 mi17, Hill Village Road, Werrington, Stoke-on-trent, Staffordshire ST9 0DP2
£145K08/210.56 mi12, Irvine Road, Werrington, Stoke-on-trent, Staffordshire ST9 0DR2
£175.5K06/230.56 mi14, Irvine Road, Werrington, Stoke-on-trent, Staffordshire ST9 0DR2
£152K01/230.56 mi10, Irvine Road, Werrington, Stoke-on-trent, Staffordshire ST9 0DR2
£218K01/230.59 mi16, Mount Close, Werrington, Stoke-on-trent, Staffordshire ST9 0EJ2
£505K11/220.59 miThe Lilacs, Brookhouse Lane, Stoke-on-trent ST2 8ND2
£187K12/230.69 mi12, Windmill View, Werrington, Stoke-on-trent, Staffordshire ST9 0EA2
£201K12/230.69 mi8, Windmill View, Werrington, Stoke-on-trent, Staffordshire ST9 0EA2
£160K09/210.72 mi35, Park Road, Werrington, Stoke-on-trent, Staffordshire ST9 0EB2
£205K11/210.76 mi1, Park Drive, Werrington, Stoke-on-trent, Staffordshire ST9 0ED2
£195K03/240.76 mi5, Park Drive, Werrington, Stoke-on-trent, Staffordshire ST9 0ED2
£175.5K11/230.76 mi20, Park Drive, Werrington, Stoke-on-trent, Staffordshire ST9 0ED2
£157K08/230.77 mi433, Ash Bank Road, Werrington, Stoke-on-trent, Staffordshire ST9 0DT2
£168K09/210.77 mi435, Ash Bank Road, Werrington, Stoke-on-trent, Staffordshire ST9 0DT2
£186K06/210.78 mi63, Armshead Road, Werrington, Stoke-on-trent, Staffordshire ST9 0EG2
£190K09/210.78 mi43, Park Road, Werrington, Stoke-on-trent, Staffordshire ST9 0EB2
£217K10/230.78 mi6, Park Road, Werrington, Stoke-on-trent, Staffordshire ST9 0EB2
£105K05/210.8 mi8, Second Avenue, Stoke-on-trent ST2 8NQ2
£126K12/220.82 mi56, Brookhouse Lane, Stoke-on-trent ST2 8NE2
£220.5K02/210.82 mi4, Brookhouse Lane, Stoke-on-trent ST2 8NE2
£140K03/210.82 mi4, Park Avenue, Werrington, Stoke-on-trent, Staffordshire ST9 0EE2
£160K06/210.83 mi2, Braemar Close, Stoke-on-trent ST2 8NL2
£225K02/230.84 mi34, Ash Bank Road, Stoke-on-trent, Staffordshire ST2 9DR2
£275K02/210.91 mi21, Armshead Road, Werrington, Stoke-on-trent, Staffordshire ST9 0EF2
£170K10/220.94 mi8, Foxlands Close, Stoke-on-trent ST2 9DP2

Local Rents

51 rents from £485/mo to £1.1K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£80009/240.28 miMoss Park Avenue, Werrington, Stoke-on-Trent, Staffordshire, ST92
£85009/240.32 miCotehill Road, Werrington, Stoke-On-Trent, ST92
£1,15009/240.32 miCotehill Road, Werrington, Stoke-on-Trent, ST93
£89512/240.53 mi-2
£89509/240.85 miBrookhouse Lane, Stoke-on-Trent, Staffordshire, ST22
£82511/241.01 mi-3
£82512/241.01 mi-3
£95009/241.23 miGladwyn Street, Bucknall , Stoke-on-Trent3
£69509/241.24 mi-2
£79509/241.26 miWinchester Avenue, Stoke-On-Trent, ST23
£85009/241.26 mi-3
£89511/241.27 mi-3
£82509/241.36 miCambrian Way, Bucknall, Stoke-on-Trent, ST22
£90002/251.36 mi-3
£99504/251.37 mi-3
£85009/241.37 miGlenfield Way, Bentilee3
£87502/251.38 mi-2
£85009/241.44 miAylesbury Road, Bentilee3
£68509/241.44 miChapel Street, Bucknall2
£48509/241.48 miWerrington Road, Bucknall1
£87511/241.48 mi-3
£84004/251.5 mi-3
£69509/241.51 miWerrington Road, Bucknall, Stoke-on-Trent ST22
£83002/251.52 mi-3
£85004/251.54 mi-2
£75003/251.56 mi-2
£82504/251.61 mi-3
£70004/251.62 mi-1
£85004/251.65 mi-3
£85008/241.66 mi-3
£56511/241.69 mi-1
£84511/241.69 mi-2
£85010/241.7 mi-2
£92510/241.73 mi-3
£92510/241.73 mi-3
£92510/241.73 mi-3
£92512/241.73 mi-3
£92512/241.73 mi-3
£92512/241.73 mi-3
£92512/241.73 mi-3
£92511/241.73 mi-3
£92512/241.73 mi-3
£92512/241.73 mi-3
£92512/241.73 mi-3
£92512/241.73 mi-3
£92512/241.73 mi-3
£92512/241.73 mi-3
£92512/241.73 mi-3
£92512/241.73 mi-3
£92512/241.73 mi-3
£82509/241.77 miUplands Road, Stoke-On-Trent3

Local Area Statistics

Population in ST9

11,933

Population in Stoke-on-Trent

347,755

Town centre distance

2.63 miles away

Nearest school

0.30 miles away

Nearest train station

2.78 miles away

 

 

Rental growth (12m)

-5%

Sales demand

Buyer's market

Capital growth (5yrs)

+24%

Property History

Price changed to £179,950

February 28, 2025

Listed for £190,000

April 8, 2024

Floor Plans

Description

  • EPC Rated D +
  • Two bedrooms +
  • Detached +
  • Garage +
  • Requires modernisation +
  • Ideal location +
  • Close to local amenities +
  • No chain +
  • Viewing advised +

Occupying a pleasant corner spot along Somerton Road in Werrington, Staffordshire Moorlands, this two bedroom detached bungalow is offered for sale with no onward chain and must be viewed early to avoid any disappointment. Offering an entrance hallway, cosy lounge with gas fire, fitted kitchen, two bedrooms with carpet flooring and a separate shower room. A laid to lawn garden space is on offer the front of the home whilst the rear offers patio seating space all enclosed by fenced panelling. This bungalow requires modernisation to bring it back to its former glory however offers huge amounts of potential. Viewings are essential on this home to understand the opportunity on offer call today to book your internal viewing.

Agent Details

Feeney Estate Agents, Werrington

01728 443998

Next Steps?

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