3 Bed Semi-Detached House, Refurb/BRRR, Stoke-on-Trent, ST7 4PW, £120,000

46 Ian Road, Newchapel, ST7 4PW - 5 views - 10 months ago

Sold STC
Refurb/BRRR
ROI: 2%
70 m²
+12 photos

ValuationUndervalued

Sold Prices£115K - £327.5K
Sold Prices/m²£1.2K/m² - £4K/m²

 

 

Square Metres

70.45 m²
Price/m²£1.7K/m²

Value Estimate

£147,093

 

 

End Value (After Refurb)

£177,573

Uplift in Value

+12%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£5,969

Refurb Costs

£29,695

Bridging Loan Interest

£3,150

Total Cash In

£70,564

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£177,573

Mortgage (After Refinance)

£133,180

Mortgage LTV

75%

Cash Released

£43,180

Cash Left In

£27,384

Equity

£44,393

Rent Range

£565 - £1,300

Rent Estimate

£868

Running Costs/mo

£749

Cashflow/mo

£119

Cashflow/yr

£1,434

ROI

2%

Gross Yield

9%

Local Sold Prices

50 sold prices from £115K to £327.5K, average is £185K. £1.2K/m² to £4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£192.5K12/230.03 mi117, Ian Road, Newchapel, Stoke-on-trent, Staffordshire ST7 4PP3
£115K02/210.03 mi57, Ian Road, Newchapel, Stoke-on-trent, Staffordshire ST7 4PP3
£115K02/230.04 mi42, Ian Road, Newchapel, Stoke-on-trent, Staffordshire ST7 4PW3
£187K07/230.04 mi126, Ian Road, Newchapel, Stoke-on-trent, Staffordshire ST7 4PW3
£256K07/230.08 mi24, Jasmine Crescent, Newchapel, Stoke-on-trent, Staffordshire ST7 4GZ3
£220K01/210.11 mi19, Lark Avenue, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4YJ3
£255K10/230.15 mi4, Kite Grove, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4XW3
£185K10/230.17 mi34, Marsh Avenue, Newchapel, Stoke-on-trent, Staffordshire ST7 4PX3
£165K03/210.18 mi117, High Street, Newchapel, Stoke-on-trent, Staffordshire ST7 4PR3
£179K12/200.24 mi15, Dane Gardens, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4PL3
£315K03/230.24 mi21, Dane Gardens, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4PL3
£225K03/210.24 mi21, Birkdale Drive, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4SL3
£260K02/230.27 mi3, Meadow Court, Newchapel, Stoke-on-trent, Staffordshire ST7 4YW3
£255K04/230.28 mi25, Woodhall Road, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4QY3
£235K02/230.28 mi30, Woodhall Road, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4QY3
£130K12/200.28 mi10, Woodhall Road, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4QY3
£135K11/200.33 mi1b, Chapel Lane, Harriseahead, Stoke-on-trent, Staffordshire ST7 4JL3
£165K08/210.34 mi115, Everest Road, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4ED3
£179K08/230.38 mi91, Newchapel Road, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4RT3
£176K06/210.38 mi51, Newchapel Road, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4RT3
£156K01/210.38 mi88, Newchapel Road, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4RT3
£188K02/210.39 mi81, Spey Drive, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4AF3
£197.5K03/210.39 mi1, Spey Drive, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4AF3
£180K12/200.4 mi12, Aspen Close, Harriseahead, Stoke-on-trent, Staffordshire ST7 4HD3
£210K06/240.4 mi64, Everest Road, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4DY3
£180K01/210.4 mi3, Rookery Road, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4EA3
£276.5K01/240.45 mi31, Laurel Drive, Harriseahead, Stoke-on-trent, Staffordshire ST7 4LP3
£172.5K01/210.46 mi31, Laurel Drive, Harriseahead, Stoke-on-trent, Staffordshire ST7 4LP3
£228K09/230.48 mi14, Cottonwood Grove, Harriseahead, Stoke-on-trent, Staffordshire ST7 4UG3
£262.5K01/240.48 mi3, Cottonwood Grove, Harriseahead, Stoke-on-trent, Staffordshire ST7 4UG3
£198.5K01/210.48 mi80, Chapel Lane, Harriseahead, Stoke-on-trent, Staffordshire ST7 4JW3
£255K06/240.48 mi80, Chapel Lane, Harriseahead, Stoke-on-trent, Staffordshire ST7 4JW3
£190K07/210.49 mi14, Willowcroft Way, Harriseahead, Stoke-on-trent, Staffordshire ST7 4YZ3
£180K06/210.52 mi16, Newtown, Newchapel, Stoke-on-trent, Staffordshire ST7 4QA3
£280K03/230.52 mi6, Newtown, Newchapel, Stoke-on-trent, Staffordshire ST7 4QA3
£143.5K05/210.53 mi32, Tawney Close, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4EN3
£175K07/230.53 mi34, Tawney Close, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4EN3
£180K02/210.56 mi32a, High Street, Rookery, Stoke-on-trent, Staffordshire ST7 4RL3
£155K12/200.56 mi2, Redrock Crescent, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4GP3
£173K02/210.58 mi7, Lawton Street, Rookery, Stoke-on-trent, Staffordshire ST7 4RP3
£205K12/200.62 mi5, Curlew Road, Packmoor, Stoke-on-trent ST7 4GD3
£152K06/230.63 mi17, Lordshire Place, Packmoor, Stoke-on-trent ST7 4QD3
£155K08/210.63 mi64, Lordshire Place, Packmoor, Stoke-on-trent ST7 4QD3
£161K12/200.64 mi16, Galleys Bank, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4DD3
£142.5K08/210.64 mi3, Galleys Bank, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4DD3
£185K08/210.65 mi50, Alderhay Lane, Rookery, Stoke-on-trent, Staffordshire ST7 4RQ3
£185K08/210.65 mi50, Alderhay Lane, Rookery, Stoke-on-trent, Staffordshire ST7 4RQ3
£290K11/230.66 mi65, High Street, Harriseahead, Stoke-on-trent, Staffordshire ST7 4JS3
£280K09/230.67 mi1, Mossfield Crescent, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4YA3
£327.5K10/230.68 mi72, High Street, Harriseahead, Stoke-on-trent, Staffordshire ST7 4JT3

Local Rents

12 rents from £565/mo to £1.3K/mo, average is £873/mo.

RentDateDistanceAddressBeds 
£1,30012/240.45 mi-3
£56509/240.66 mi-3
£1,10003/250.75 mi-3
£94502/240.76 mi-3
£94509/240.76 mi-3
£85009/240.82 miOldcott Crescent, Kidsgrove, ST73
£95003/250.91 mi-3
£77505/241.09 mi-3
£79509/241.11 mi-3
£80004/251.17 mi-3
£89509/241.18 miGloucester Road, Kidsgrove, Stoke-on-Trent, Staffordshire, ST73
£80003/251.19 mi-3

Local Area Statistics

Population in ST7

53,396

Population in Stoke-on-Trent

347,755

Town centre distance

4.19 miles away

Nearest school

0.40 miles away

Nearest train station

1.35 miles away

 

 

Rental growth (12m)

+109%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Price changed to £120,000

December 4, 2024

Listed for £158,950

June 11, 2024

Floor Plans

Description

HUGE GARDEN & NO ONWARD CHAIN - Located in a popular residential area on the edge of Newchapel, this mature THREE BEDROOM semi-detached property offers access to plenty of local amenities and is close a range of both primary and secondary schooling. The property does require some form of cosmetic modernisation internally however, offers the perfect opportunity for a discerning buyer to place their mark on a sizeable traditional home!

Accompanying the home are a number of features to note some of which include: double glazing throughout, gas central heating with modern combination boiler, a large lounge with feature, Adam style fireplace, a refitted kitchen with contemporary high gloss units, a downstairs WC and separate downstairs shower room.
Upstairs, there are three bedrooms, with the main room enjoying built-in robes and a pleasant, elevated aspect. Bedroom two can also accommodate a double bed along with a versatile, third single room.

The outside space of this property is unparalleled, with a generous and established rear garden, benefiting from a superb degree of privacy. To the front, you will find steps leading up to the canopied entrance and an easy to maintain ornamental garden.

To appreciate the property's true size, rear garden and location, early viewings are highly recommended!

Entrance Hall - UPVC double glazed front door and window, ceiling light point.

Lounge/Diner - 5.883 x 3.824 (19'3" x 12'6") - Fitted carpet, UPVC double glazed window, two ceiling light points, radiator, gas fire, pantry/under stairs storage cupboard.

Kitchen - 2.564 x 2.240 (8'4" x 7'4") - Vinyl tile effect flooring, ceiling strip light, radiator, UPVC double glazed window, tiled splashback, stainless steel sink with drainer, integrated oven and hobs.

Shower Room - 2.580 x 1.425 (8'5" x 4'8") - Vinyl tile effect flooring, UPVC double glazed window, ceiling light point, radiator, part tiled walls, wash basin, shower tray with curtain, airing cupboard.

Rear Hall - UPVC double glazed rear door, tiled walls, vinyl tile effect flooring.

Downstairs W/C - Vinyl tile effect flooring, tiled walls, UPVC double glazed window, W/C.

Landing - Fitted carpet, UPVC double glazed window, ceiling light point, loft access.

Bedroom One - 3.455 x 3.351 (11'4" x 10'11") - Fitted carpet, two UPVC double glazed windows, ceiling light point, radiator, fitted wardrobes, Baxi combi gas central heating boiler.

Bedroom Two - 3.050 x 2.825 (10'0" x 9'3") - Fitted carpet, UPVC double glazed window, ceiling light point, radiator.

Bedroom Three - 2.129 x 1.894 (6'11" x 6'2") - Laminate flooring, UPVC double glazed window, ceiling light point, radiator.

Externally - To the front of the property is a slate and gravelled garden with shrubs and a paved path with timber retaining fence. The rear garden features patio and gravelled areas, with a further lawn and mature border shrubs - offering an excellent degree of privacy and larger than you may expect!

Council Tax Band - The council tax band for this property is B.

Nb: Tenure - We have been advised that the property tenure is FREEHOLD, we would advise any potential purchasers to confirm this with a conveyancer prior to exchange of contracts.

Nb: Copyright - The copyright of all details, photographs and floorplans remain the possession of Stephenson Browne.

Agent Details

Stephenson Browne Ltd, Alsager

01270 433753

Next Steps?

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