2 Bed Terraced House, Refurb/BRRR, Stoke-on-Trent, ST4 2RB, £75,000

Haywood Street, Shelton, Stoke on Trent, ST4 2RB - 10 views - a year ago

Under Offer
BTL
Refurb/BRRR
ROI: 9%
~72 m²
+13 photos

ValuationFair Value

Sold Prices£40K - £320K
Sold Prices/m²£671/m² - £3.4K/m²

 

 

Square Metres

~71.90 m²
Price/m²£1K/m²

Value Estimate

£75,750

 

 

End Value (After Refurb)

£106,962

Uplift in Value

+43%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Refurb Costs

£29,370

Bridging Loan Interest

£1,969

Total Cash In

£55,289

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£106,962

Mortgage (After Refinance)

£80,222

Mortgage LTV

75%

Cash Released

£23,972

Cash Left In

£31,317

Equity

£26,741

Rent Range

£412 - £2,100

Rent Estimate

£946

Running Costs/mo

£543

Cashflow/mo

£403

Cashflow/yr

£4,831

ROI

9%

Gross Yield

15%

Local Sold Prices

50 sold prices from £40K to £320K, average is £95K. £671/m² to £3.4K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£50K11/230.02 mi42, Elgin Street, Stoke-on-trent ST4 2RD2
£82K01/240.08 mi3, Northcote Street, Stoke-on-trent ST4 2RE2
£68K03/240.11 mi52, Beresford Street, Stoke-on-trent ST4 2EX2
£93K07/210.16 mi4, Queen Anne Street, Stoke-on-trent ST4 2EQ2
£63K02/210.27 mi50, Harcourt Street, Stoke-on-trent ST1 4NP2
£70K05/230.27 mi20, Harcourt Street, Stoke-on-trent ST1 4NP2
£49K02/240.28 mi43, Chatham Street, Stoke-on-trent ST1 4NY2
£150K06/240.3 mi142, Cauldon Road, Stoke-on-trent ST4 2DY2
£55K11/230.34 mi11, Lewis Street, Stoke-on-trent ST4 7RR2
£55K11/230.34 mi4, Lewis Street, Stoke-on-trent ST4 7RR2
£85K02/240.37 mi50, Lewis Street, Stoke-on-trent ST4 7RS2
£78K01/210.39 mi7, Floyd Street, Stoke-on-trent ST4 7RT2
£78K08/230.39 mi53, Davis Street, Stoke-on-trent ST4 7AD2
£75K01/240.4 mi8, Castlefield Street, Stoke-on-trent ST4 7AQ2
£230K02/210.4 mi167, Hartshill Road, Stoke-on-trent ST4 7LU2
£320K03/240.4 mi167, Hartshill Road, Stoke-on-trent ST4 7LU2
£129K04/210.41 mi170, North Street, Stoke-on-trent ST4 7DG2
£132K06/230.41 mi172, North Street, Stoke-on-trent ST4 7DG2
£118K10/230.41 mi180, North Street, Stoke-on-trent ST4 7DG2
£80K02/230.42 mi49, Davis Street, Stoke-on-trent ST4 7AD2
£75K12/230.42 mi5, Leason Street, Stoke-on-trent ST4 1PP2
£60K07/240.42 mi21, Leason Street, Stoke-on-trent ST4 1PP2
£137K09/230.43 mi23, Gerrard Street, Stoke-on-trent ST4 7DS2
£131K07/240.43 mi25, Gerrard Street, Stoke-on-trent ST4 7DS2
£69K04/210.47 mi17, Garfield Street, Stoke-on-trent ST1 4LL2
£142.5K03/230.49 mi287, Leek Road, Stoke-on-trent ST4 2BU2
£115K09/230.49 mi281, Leek Road, Stoke-on-trent ST4 2BU2
£107K11/200.49 mi253, Leek Road, Stoke-on-trent ST4 2BU2
£152K08/230.5 mi122, Richmond Street, Stoke-on-trent ST4 7DU2
£152K08/230.5 mi122, Richmond Street, Stoke-on-trent ST4 7DU2
£85K04/230.55 mi35, Whitmore Street, Stoke-on-trent ST1 4JS2
£83.5K01/240.55 mi21, Whitmore Street, Stoke-on-trent ST1 4JS2
£97K02/210.55 mi86, Oxford Street, Stoke-on-trent ST4 7EH2
£120K04/210.55 mi68, Oxford Street, Stoke-on-trent ST4 7EH2
£106K03/230.56 mi5, Harris Street, Stoke-on-trent ST4 7EZ2
£40K03/230.56 mi48, Whitmore Street, Stoke-on-trent ST1 4JT2
£88K03/210.56 mi75, Oxford Street, Stoke-on-trent ST4 7EQ2
£111.5K07/230.57 mi28, Watson Street, Stoke-on-trent ST4 7EY2
£108K05/210.59 mi18, Timmis Street, Stoke-on-trent ST1 4JY2
£50K10/230.6 mi2, Bethesda Road, Stoke-on-trent ST1 3AH2
£110K04/240.6 mi23, Balliol Street, Stoke-on-trent ST4 7HQ2
£71K10/230.61 mi342, Leek Road, Stoke-on-trent ST1 3JL2
£145K02/210.62 miLynton, Frederick Avenue, Stoke-on-trent ST4 7HB2
£100K12/200.62 mi21, Oxford Street, Stoke-on-trent ST4 7EG2
£97K03/210.62 mi41, Oxford Street, Stoke-on-trent ST4 7EG2
£115K12/200.63 mi49, Brighton Street, Stoke-on-trent ST4 7HH2
£126K06/230.63 mi49, Brighton Street, Stoke-on-trent ST4 7HH2
£106K06/230.63 mi23, Warrington Road, Stoke-on-trent ST1 3JQ2
£85K02/240.63 mi9, Warrington Road, Stoke-on-trent ST1 3JQ2
£88K10/230.63 mi64, Warrington Road, Stoke-on-trent ST1 3JG2

Local Rents

34 rents from £412/mo to £2.1K/mo, average is £788/mo.

RentDateDistanceAddressBeds 
£1,20012/240.07 mi-2
£85003/250.07 mi-2
£67509/240.08 miSeaford Street, Shelton, ST4 2EU2
£82512/240.15 mi-2
£41203/250.32 mi-2
£79509/240.34 miTattershall Court, Etruria2
£1,00012/240.35 mi-2
£78012/240.36 mi-2
£1,50002/240.36 mi-2
£1,50001/250.36 mi-2
£1,50002/250.36 mi-2
£72509/240.36 miPenstock Drive, Etruria2
£62009/240.36 mi-2
£67509/240.37 miHartley Court, Cliffe Vale, Stoke On Trent, ST4 7GG2
£85009/240.39 mi-2
£85009/240.39 miTolkien Way, Staffordshire, ST42
£2,10012/240.42 mi-2
£72509/240.44 miHartshill House, St. Andrews Square, Stoke-on-Trent, ST4 7GD2
£69509/240.44 miHartshill House, St. Andrews Square, Stoke-on-Trent, ST4 7GD2
£1,10012/240.45 mi-2
£72504/250.48 mi-2
£65009/240.5 miStanhope Street; Hanley; ST12
£69509/240.5 miBridgewater Court, Hanley, Stoke-on-Trent, ST12
£69512/240.52 mi-2
£89509/240.53 mi-2
£69503/250.54 mi-2
£75009/240.56 miCaldon Quay, Hanley, Stoke-on-Trent, ST12
£2,00002/240.57 mi-2
£95009/240.57 mi-2
£85004/250.58 mi-2
£85012/240.58 mi-2
£55012/240.59 mi-2
£55012/240.59 mi-2
£65009/240.62 miOxford Street, Stoke-On-Trent2

Local Area Statistics

Population in ST4

56,870

Population in Stoke-on-Trent

347,755

Town centre distance

2.19 miles away

Nearest school

0.10 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £75,000

May 29, 2024

Sold for £59,000

2011

Floor Plans

Description

  • TWO BEDROOMS AND TWO RECEPTION ROOMS +
  • EXCELLENT INVESTMENT OPPORTUNITY +
  • ONLY A SHORT WALK FROM STOKE TRAIN STATION +
  • EASY ACCESS TO STAFFS UNI +
  • NO UPWARDS CHAIN +
  • PERFECT FOR BUY TO LET +

Nestled in the heart of Shelton, lies a quaint and charming terrace ready for its new owners to add their personal touch. This property is an excellent investment opportunity which is only a five minute walk from Stoke Station and Staffs Uni.

As you enter the property, you are greeted with a spacious living room filled with natural light pouring through the large window, creating a bright and inviting atmosphere. The room is perfect for entertaining friends and family with lots of space for comfy seating areas and furnishings.

Moving through to the kitchen, you will find plenty of potential to create your ideal culinary haven. The space is currently in need of modernisation but offers ample room for adding a dining area for family meals.

Upstairs, a bright landing leads you to the master bedroom which is generously sized and features ample storage space for clothing and bedding. The second bedroom also benefits from built-in storage and boasts views of the property`s garden.

The bathroom is situated opposite the bedrooms and offers the ideal opportunity to update and create a modern space to relax and unwind.

Located in the charming neighbourhood of Shelton, this terrace property is ideally situated for those looking for city living whilst having the benefit of a village-like environment. With excellent transport links, local shops, cafes, restaurants and recreational spaces all within easy reach, the property is also perfect for those seeking a convenient lifestyle.

Only a short drive away is the city centre of Stoke on Trent, providing access to further amenities, including a variety of shopping centres, theatres, cinemas and art galleries.

Shelton is home to the prestigious Stoke on Trent College and Staffordshire University, making it an ideal location for students and those working in education. It also benefits from being close to the business district of nearby Newcastle-under-Lyme.

For those who love the great outdoors, the Peak District National Park is also easily accessible by car, offering a plethora of hiking and cycling routes, along with breathtaking scenery.

Overall, this delightful terrace property offers an opportunity to make a house a home and create something truly special. With endless potential and located in one of Stoke on Trent`s most desirable neighbourhoods, this property is not to be missed.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Critchlow Estate Agents, Newcastle-under-Lyme

01782 493386

Next Steps?

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