2 Bed Flat, Single Let, Stoke-on-Trent, ST1 6AT, £80,000

1040 Leek Road, Stoke-on-trent, Stoke-on-trent, ST1 6AT - 2 views - 10 months ago

Sold STC
Leasehold
BTL
ROI: 13%
110 m²
+17 photos

ValuationUndervalued

Sold Prices£42K - £197K
Sold Prices/m²£595/m² - £3.1K/m²

 

 

Square Metres

110 m²
Price/m²£727/m²

Value Estimate

£96,800
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Total Cash In

£23,600

 

 

Cash Out

 

Rent Range

£450 - £2,500

Rent Estimate

£650

Running Costs/mo

£400

Cashflow/mo

£250

Cashflow/yr

£3,000

ROI

13%

Gross Yield

10%

Local Sold Prices

50 sold prices from £42K to £197K, average is £88K. £595/m² to £3.1K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£125K04/230.48 mi51, Lock Keepers Way, Stoke-on-trent ST1 3NS2
£81K06/230.48 mi27, Lock Keepers Way, Stoke-on-trent ST1 3NS2
£125K08/230.48 mi55, Lock Keepers Way, Stoke-on-trent ST1 3NS2
£197K05/210.57 mi36, Willeton Street, Stoke-on-trent ST2 9JA2
£104.5K05/230.66 mi310, Werrington Road, Stoke-on-trent ST2 9AU2
£97.5K04/210.75 mi3, Regal Way, Stoke-on-trent ST1 3GD2
£76.5K12/220.76 mi35, Wilton Court, Stoke-on-trent ST1 3GW2
£98K10/230.77 miApartment 2, Ash House, Birches Rise, Stoke-on-trent ST1 2JR2
£44K12/230.77 mi41, Wilton Court, Stoke-on-trent ST1 3GW2
£65K04/210.79 mi54, Crownford Avenue, Stoke-on-trent ST1 3DG2
£72K10/230.8 mi77, Ambassador Road, Stoke-on-trent ST1 3DN2
£65K05/210.8 mi79, Ambassador Road, Stoke-on-trent ST1 3DN2
£125K08/230.81 mi20, Crownford Avenue, Stoke-on-trent ST1 3DG2
£165K01/210.81 mi123, Kettering Drive, Stoke-on-trent ST2 9ND2
£65K04/210.81 mi52, Crownford Avenue, Stoke-on-trent ST1 3DG2
£98K09/230.85 mi83, Eastwood Road, Stoke-on-trent ST1 3TJ2
£100K03/231.18 mi10, Caldon Quay, Stoke-on-trent ST1 3DT2
£115K01/211.33 mi177, Ridgway Road, Stoke-on-trent ST4 2BY2
£42K04/231.4 mi33, Stansgate Place, Stoke-on-trent ST1 5DS2
£88K11/201.66 mi32, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£80K11/211.66 mi7, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£88K11/201.66 mi32, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£90K02/211.66 mi14, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£90K10/211.66 mi22, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£106K06/231.66 mi18, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£115.5K12/221.66 mi36, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£92.5K07/221.67 mi10, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£95K09/211.69 mi21, Chasewater Drive, Stoke-on-trent ST6 8GH2
£71K03/211.7 mi63, Chillington Way, Stoke-on-trent ST6 8GJ2
£74.5K04/211.7 mi65, Chillington Way, Stoke-on-trent ST6 8GJ2
£74.5K04/221.7 mi65, Chillington Way, Stoke-on-trent ST6 8GJ2
£105.5K11/231.71 mi17, Bronte Grove, Stoke-on-trent ST2 7QF2
£86K05/211.76 miApartment 29, Ravensbourne Court, Burtree Drive, Stoke-on-trent ST6 8FF2
£84K06/221.76 miApartment 14, Ravensbourne Court, Burtree Drive, Stoke-on-trent ST6 8FF2
£90K07/221.76 miApartment 13, Ravensbourne Court, Burtree Drive, Stoke-on-trent ST6 8FF2
£93K07/221.77 miApartment 11, Ravensbourne Court, Burtree Drive, Stoke-on-trent ST6 8FF2
£185K05/211.78 mi6, Cadeby Grove, Stoke-on-trent ST2 7BY2
£85K06/221.84 mi50, Blithfield Way, Stoke-on-trent ST6 8GS2
£78K11/201.84 mi85, Hartley Court, Stoke-on-trent ST4 7GG2
£85K03/231.84 mi40, Hartley Court, Stoke-on-trent ST4 7GG2
£78K11/201.84 mi85, Hartley Court, Stoke-on-trent ST4 7GG2
£92.5K12/231.84 mi79, Hartley Court, Stoke-on-trent ST4 7GG2
£75K08/211.86 mi23, Tattershall Court, Stoke-on-trent ST4 7GH2
£88K06/231.86 mi5, Tattershall Court, Stoke-on-trent ST4 7GH2
£80K08/241.86 mi28, Tattershall Court, Stoke-on-trent ST4 7GH2
£75K12/201.86 mi18, Tattershall Court, Stoke-on-trent ST4 7GH2
£90K12/231.86 mi26, Tattershall Court, Stoke-on-trent ST4 7GH2
£95K08/241.86 mi2, Tattershall Court, Stoke-on-trent ST4 7GH2
£74K02/211.87 mi70, Penstock Drive, Stoke-on-trent ST4 7GF2
£85K09/221.87 mi49, Penstock Drive, Stoke-on-trent ST4 7GF2

Local Rents

33 rents from £450/mo to £2.5K/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£77503/250.27 mi-2
£95009/240.29 miFellbrook Lane, Bucknall, Stoke-on-Trent, ST22
£79512/240.34 mi-2
£67510/240.34 mi-2
£85002/250.34 mi-2
£92510/240.36 mi-2
£85012/240.38 mi-2
£70012/230.38 mi-2
£70002/240.4 mi-2
£84511/240.4 mi-2
£89502/250.41 mi-2
£89502/250.41 mi-2
£69502/250.44 mi-2
£65009/240.46 miBirch Street, Northwood, Stoke-on-Trent, ST12
£2,50009/240.48 mi-2
£85010/240.49 mi-2
£75003/250.53 mi-2
£69502/240.53 mi-2
£72509/240.53 mi-2
£69003/250.53 mi-2
£74011/240.53 mi-2
£66004/250.54 mi-2
£75012/240.54 mi-2
£69509/240.57 miWerrington Road, Bucknall, Stoke-on-Trent ST22
£65009/240.57 miEastbourne Road, Stoke-on-Trent, Staffordshire, ST12
£46510/240.57 mi-2
£60002/240.57 mi-2
£45003/250.59 mi-2
£45004/250.59 mi-2
£72509/240.59 miDiana Road, Stoke-on-Trent2
£67509/240.6 miBold Street, Northwood2
£1,00009/240.6 mi-2
£75009/240.62 mi80 Mount Street, ST1 2NP2

Local Area Statistics

Population in ST1

29,532

Population in Stoke-on-Trent

347,755

Town centre distance

0.97 miles away

Nearest school

0.50 miles away

Nearest train station

1.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £80,000

July 1, 2024

Sold for £34,950

2000

Floor Plans

Description

  • An Ideal Purchase For First Time Buyers And Downsizers Alike +
  • Open Plan Living/ Kitchen +
  • Two Good Size Bedrooms +
  • Two Desigmated Parking Spaces +
  • Outbuilding For Extra Storage Needs +
  • We Are Lead To Believe The Property Is Leasehold And Council Tax Band A +

Here at Carters we are pleased to welcome to the market this pleasantly presented, two bedroom apartment which is available to purchase with no onward chain.

Having recently undergone a refurbishment, this lovely property would make an ideal purchase for first time buyers, downsizers and investors alike whom are looking to add to their growing portfolio. Entering the property you are welcomed into the bright and spacious, open plan living/kitchen area, boasting a modern high gloss kitchen and built in appliances. Leading off, there are two good size bedrooms and a three piece suite, family bathroom to enjoy. Externally you will find an outbuilding providing extra space for any extra storage needs as well as a designated parking space.
Situated perfectly on the outskirts of town, there are excellent local amenities to enjoy, with the likes of eateries, shops and supermarkets just around the corner. The property also benefits from being a short drive away from Staffordshire University, Hanley Town centre and access to major transport links.

We strongly recommend an early viewing to avoid any disappointment.

Living/Kitchen Area - 4.24m x 3.94m (13'11 x 12'11) - Two UPVC double glazed windows and UPVC double glazed entrance door to the front elevation.
High gloss base, drawers and wall units. Work surfaces incorporating inset stainless steel sink with a single drainer and mixer tap. Built in electric oven, hob and extractor fan. Laminate tiled flooring. Partially tiled walls. Integrated dishwasher. Plumbing for a dryer. Television point. Radiator. Storage cupboard with space and plumbing for a washing machine and fridge/freezer.

Bedroom One - 3.28m x 2.26m (10'9 x 7'5) - UPVC double glazed window to the rear elevation.
Laminate tiled flooring. Radiator.

Bedroom Two - 3.28m x 1.83m (10'9 x 6'0) - UPVC double glazed window to the rear elevation.
Laminate tiled flooring. Radiator.

Bathroom - UPVC double glazed window to the rear elevation.
Three piece suite comprising panelled bath with electric shower above. Pedestal wash hand basin. Low level W/C. Tiled floor. Partially aqua panel walls. Radiator.

Exterior - Allocated parking space.

Additional Information - We are led to believe the property is leasehold and Council tax band A.

Leasehold details
975 Years remaining
£99.00 yearly for the ground rent
£340.88 yearly for the lease

We have been advised that the property has a capped mineshaft within the vacinity. If you require further details please contact the office.

Services - The main services of gas, electric, water and drainage are all connected to the mains.
Broadband Fibre.

Please note: services and appliances have not been tested by the agent.

Agent Details

Carters Estate Agents Ltd, Biddulph

01782 890258

Next Steps?

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