3 Bed Semi-Detached House, Refurb/BRRR, Stoke-on-Trent, ST2 0QZ, £120,000

Waverton Road, Bentilee, Stoke-on-Trent, ST2 0QZ - 10 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~93 m²
+8 photos

ValuationFair Value

Sold Prices£71K - £220K
Sold Prices/m²£835/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£121,200

 

 

End Value (After Refurb)

£177,794

Uplift in Value

+48%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£38,154

Bridging Loan Interest

£3,150

Total Cash In

£80,254

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£177,794

Mortgage (After Refinance)

£133,346

Mortgage LTV

75%

Cash Released

£43,346

Cash Left In

£36,908

Equity

£44,449

Rent Range

£750 - £3,250

Rent Estimate

£1,122

Running Costs/mo

£800

Cashflow/mo

£322

Cashflow/yr

£3,864

ROI

5%

Gross Yield

11%

Local Sold Prices

50 sold prices from £71K to £220K, average is £131.5K. £835/m² to £3.2K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£95K05/210.01 mi92, Waverton Road, Stoke-on-trent ST2 0QY3
£125K01/240.01 mi128, Waverton Road, Stoke-on-trent ST2 0QY3
£120K11/230.09 mi4, Waverton Road, Stoke-on-trent ST2 0QX3
£90K03/210.18 mi61, Whitridge Grove, Stoke-on-trent ST2 0RR3
£148K08/230.28 mi3, Calvary Crescent, Stoke-on-trent ST2 0AQ3
£145K09/230.3 mi346, Dawlish Drive, Stoke-on-trent ST2 0RW3
£150K06/210.3 mi17, Pillar Close, Stoke-on-trent ST2 0SU3
£145K01/230.31 mi6, Forefield Grove, Stoke-on-trent ST2 0TH3
£142K12/200.31 mi27, Onsetter Road, Stoke-on-trent ST2 0ST3
£140K09/210.31 mi48, Onsetter Road, Stoke-on-trent ST2 0ST3
£166.5K06/230.31 mi48, Onsetter Road, Stoke-on-trent ST2 0ST3
£165K01/230.31 mi30, Onsetter Road, Stoke-on-trent ST2 0ST3
£100K03/210.32 mi3, Thornhill Road, Stoke-on-trent ST2 0QG3
£129K05/230.32 mi25, Thornhill Road, Stoke-on-trent ST2 0QG3
£125K05/240.32 mi355, Dawlish Drive, Stoke-on-trent ST2 0RH3
£190K09/210.32 mi14, Forefield Grove, Stoke-on-trent ST2 0TH3
£71K04/210.37 mi12, Nethercote Place, Stoke-on-trent ST2 0RL3
£95K03/230.38 mi314, Hall Hill Drive, Stoke-on-trent ST2 0AL3
£110K11/230.38 mi304, Hall Hill Drive, Stoke-on-trent ST2 0AL3
£114K07/230.41 mi309, Hall Hill Drive, Stoke-on-trent ST2 0AN3
£130K12/230.41 mi307, Hall Hill Drive, Stoke-on-trent ST2 0AN3
£105K05/210.41 mi319, Hall Hill Drive, Stoke-on-trent ST2 0AN3
£88K10/210.41 mi331, Anchor Road, Stoke-on-trent ST3 5BL3
£155K04/210.45 mi46, Normanton Grove, Stoke-on-trent ST3 5BY3
£130K07/210.47 mi1, Templeton Avenue, Stoke-on-trent ST2 0AW3
£150K05/230.47 mi56, Templeton Avenue, Stoke-on-trent ST2 0AW3
£120K03/210.47 mi8, Middlefield Road, Stoke-on-trent ST2 0BZ3
£145K09/230.47 mi36, Housefield Road, Stoke-on-trent ST2 0DA3
£181K04/230.48 mi14, Bambury Street, Stoke-on-trent ST3 5BX3
£120K12/200.49 mi306, Anchor Road, Stoke-on-trent ST3 5BS3
£220K10/210.5 mi15, Short Bambury Street, Stoke-on-trent ST3 5BT3
£130K03/240.52 mi536, Dividy Road, Stoke-on-trent ST2 0AF3
£115K09/230.52 mi544, Dividy Road, Stoke-on-trent ST2 0AF3
£130K03/210.53 mi15, Tilbrook Close, Stoke-on-trent ST2 0AT3
£116.5K08/210.53 mi11, Tilbrook Close, Stoke-on-trent ST2 0AT3
£120K04/230.53 mi31, Jervison Street, Stoke-on-trent ST3 5DD3
£175K04/230.55 mi64, Brightgreen Street, Stoke-on-trent ST3 5DG3
£165K09/230.56 mi12, Andover Close, Stoke-on-trent ST3 5RA3
£133K12/200.57 mi12, Gawsworth Close, Stoke-on-trent ST3 5TB3
£207.8K04/230.57 mi12, Gawsworth Close, Stoke-on-trent ST3 5TB3
£160K09/210.58 mi16, Barleyford Drive, Stoke-on-trent ST3 5TF3
£178K04/230.58 mi16, Barleyford Drive, Stoke-on-trent ST3 5TF3
£110K08/210.58 mi4, Chadwell Way, Stoke-on-trent ST2 0LG3
£180K12/230.6 mi205, Bambury Street, Stoke-on-trent ST3 5BZ3
£140K07/230.6 mi117, Bambury Street, Stoke-on-trent ST3 5BZ3
£175K05/230.61 mi50, Westonview Avenue, Stoke-on-trent ST3 5DJ3
£147K01/210.61 mi41, Westonview Avenue, Stoke-on-trent ST3 5DJ3
£160K08/210.62 mi5, Warmson Close, Stoke-on-trent ST3 5RD3
£100K12/200.62 mi5, Timble Close, Stoke-on-trent ST2 0AX3
£95K02/210.62 mi179, Winchester Avenue, Stoke-on-trent ST2 0LL3

Local Rents

31 rents from £750/mo to £3.3K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£85009/240.13 miGlenfield Way, Bentilee3
£83002/250.38 mi-3
£84004/250.4 mi-3
£87511/240.53 mi-3
£90002/250.62 mi-3
£85009/240.73 mi-3
£85004/250.76 mi-3
£3,25009/240.78 mi-3
£2,95002/250.78 mi-3
£2,95002/250.78 mi-3
£99509/240.79 mi-3
£89509/240.79 mi-3
£95010/240.79 mi-3
£1,25001/250.81 mi-3
£85009/240.84 miSandwood Crescent, Longton3
£1,10003/250.86 mi-3
£82509/240.9 miRochester Road, Stoke-On-Trent3
£85009/240.93 miHarleigh Mews, Meir Hay3
£82509/240.94 miAmison Street, Meir Hay, Stoke-on-Trent, ST33
£79509/240.97 miWinchester Avenue, Stoke-On-Trent, ST23
£82511/241 mi-3
£82512/241 mi-3
£99509/241.04 miFernlea Grove, Longton3
£75009/241.05 miKentmere Close, Stoke-on-Trent, Staffordshire, ST43
£82003/251.07 mi-3
£95009/241.09 miDrayton Road, Stoke-on-Trent, Staffordshire, ST33
£99511/241.15 mi-3
£99509/241.16 miWeston road3
£85009/241.18 miAylesbury Road, Bentilee3
£90009/241.18 miLoughborough Walk; Longton; ST33
£1,12509/241.2 miFoxfields, Stoke-on-Trent3

Local Area Statistics

Population in ST2

34,047

Population in Stoke-on-Trent

347,755

Town centre distance

2.99 miles away

Nearest school

0.20 miles away

Nearest train station

1.31 miles away

 

 

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+41%

Property History

Listed for £120,000

June 4, 2024

Floor Plans

Description

  • Mature Semi Detached House +
  • Three Bedrooms +
  • In Need of Updating +
  • Lounge +
  • Dining Kitchen +
  • Ground Floor WC +
  • First Floor Bathroom/WC +
  • Garage +
  • Ideal First Time Buy or Buy-To-Let +
  • No Upward Chain +

Findahome are pleased to offer to the market this Three Bedroom Semi Detached House situated in the popular Bentilee area. Offered with No Upward Chain, it will be ideal for first time buyers and buy-to-let investors. In need of updating. The spacious accommodation comprises of: Ent Hall, Lounge, Dining Kitchen, WC, Three Bedrooms(all good sizes) and Bathroom/WC. Externally there are gardens to the front and rear, off road parking and a Garage. Freehold. Council Tax Band A. A viewing is essential to appreciate the potential.  

ENTRANCE HALL(DRAFT DETAILS) Stairs leading to the first floor. Door into: 

LOUNGE 19' 7" x 10' 1" (5.97m x 3.07m) Coal effect gas fire with back boiler. Door leading into: 

DINING KITCHEN 11' 7" x 11' 3" (3.53m x 3.43m) Fitted kitchen with built in double oven and four ring gas hob with extractor hood over, walk in Pantry. Door leading into: 

SIDE HALL Composite double glazed door leading to the side of the house and garden. Door into: 

WC WC 

FIRST FLOOR  

LANDING Access to the loft, airing cupboard. Doors leading into:  

BEDROOM ONE 14' 1" x 9' 6" (4.29m x 2.9m)  

BEDROOM TWO 11' 1" x 10' 3" (3.38m x 3.12m)wall to wall  

BEDROOM THREE 10' 2" x 8' 5" (3.1m x 2.57m)  

BATHROOM/WC Three piece coloured suite with shower over the bath.  

EXTERIOR There are gardens to the front and rear and a shared access leading to the driveway and Garage.  

GARAGE 19' 3" x 12' 1" (5.87m x 3.68m)

Agent Details

Findahome Online Ltd, Stoke-on-Trent

01782 493531

Next Steps?

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