3 Bed Bungalow, Refurb/BRRR, Stoke-on-Trent, ST7 3EF, £170,000

Woodgate Avenue, Church Lawton, ST7 3EF - 9 months ago

Sold STC

Refurb/BRRR

~93 m²

+6 photos

ValuationUndervalued

Sold Prices	£115K - £422.5K
Sold Prices/m²	£1.4K/m² - £3.8K/m²

Square Metres	~93 m²
Price/m²	£1.8K/m²
Value Estimate	£175,100£175,100
BMV	3%

End Value (After Refurb)	£235,600£235,600
Uplift in Value	+39%+39%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£42,500£42,500
Stamp Duty & Legal Fees	£9,700£9,700
Refurb Costs	£39,200£39,200
Bridging Loan Interest	£4,463£4,463
Total Cash In	£97,613£97,613

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£235,600£235,600
Mortgage (After Refinance)	£176,700£176,700
Mortgage LTV	75%75%
Cash Released	£49,200£49,200
Cash Left In	£48,413£48,413
Equity	£58,900£58,900
Rent Range	£395 - £8,333£395 - £8,333
Rent Estimate	£938
Running Costs/mo	£944£944
Cashflow/mo	£-6£-6
Cashflow/yr	£-70£-70
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £115K to £422.5K, average is £202.8K. £1.4K/m² to £3.8K/m², average is £2.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£200K	06/21	0.06 mi	81, Brown Avenue, Church Lawton, Stoke-on-trent, Cheshire East ST7 3ER	£2,372	84	3	Semi-Detached House
£237.5K	04/23	0.08 mi	23, Lawtongate Estate, Church Lawton, Stoke-on-trent, Cheshire East ST7 3ES	£2,699	88	3	Semi-Detached House
£252K	02/23	0.14 mi	99, Brown Avenue, Church Lawton, Stoke-on-trent, Cheshire East ST7 3ER	£2,471	102	3	Semi-Detached House
£233.3K	07/21	0.15 mi	7, Cherry Tree Avenue, Church Lawton, Stoke-on-trent, Cheshire ST7 3EL	£1,851	126	3	Detached House
£242K	11/20	0.17 mi	6, Meadow Way, Church Lawton, Stoke-on-trent, Cheshire East ST7 3EW	£3,841	63	3	Detached House
£307.5K	02/21	0.2 mi	45, Liverpool Road West, Church Lawton, Stoke-on-trent, Cheshire ST7 3DG	£2,721	113	3	Semi-Detached House
£422.5K	02/21	0.45 mi	54, Sandbach Road, Church Lawton, Stoke-on-trent, Cheshire ST7 3DP	£2,321	182	3	Detached House
£150K	10/21	0.55 mi	37, Longview Avenue, Alsager, Stoke-on-trent, Cheshire ST7 2EA	£1,685	89	3	Semi-Detached House
£154K	03/24	0.55 mi	46, Longview Avenue, Alsager, Stoke-on-trent, Cheshire East ST7 2EA	£1,600	96	3	Semi-Detached House
£115K	05/21	0.56 mi	3, East Court, Alsager, Stoke-on-trent, Cheshire East ST7 2DJ	-	-	3	Semi-Detached House
£175K	03/24	0.59 mi	3, Foden Avenue, Alsager, Stoke-on-trent, Cheshire East ST7 2PT	£2,134	82	3	Semi-Detached House
£190K	07/23	0.63 mi	14, Linley Grove, Alsager, Stoke-on-trent, Cheshire East ST7 2PS	£2,375	80	3	Semi-Detached House
£214K	04/23	0.65 mi	49, Bailey Court, Alsager, Stoke-on-trent, Cheshire East ST7 2YH	£3,119	69	3	Terraced House
£200K	07/23	0.67 mi	4, Ashenhurst Road, Alsager, Stoke-on-trent, Cheshire East ST7 2QA	£2,632	76	3	Semi-Detached House
£170K	09/23	0.68 mi	28, Barratt Road, Alsager, Stoke-on-trent, Cheshire East ST7 2PZ	-	-	3	Semi-Detached House
£175K	06/21	0.71 mi	7, Chapel Lane, Rode Heath, Stoke-on-trent, Cheshire ST7 3SD	£1,683	104	3	Semi-Detached House
£240K	07/24	0.72 mi	91, Linley Road, Alsager, Stoke-on-trent, Cheshire East ST7 2QF	£3,117	77	3	Semi-Detached House
£150K	04/21	0.72 mi	120, Talke Road, Alsager, Stoke-on-trent, Cheshire East ST7 2PP	£1,923	78	3	Semi-Detached House
£225K	01/21	0.72 mi	112, Talke Road, Alsager, Stoke-on-trent, Cheshire ST7 2PP	-	-	3	Semi-Detached House
£141K	05/21	0.73 mi	29, Linley Road, Alsager, Stoke-on-trent, Cheshire East ST7 2QD	-	-	3	Semi-Detached House
£260K	02/23	0.75 mi	15, Davis Close, Alsager, Stoke-on-trent, Cheshire East ST7 2YP	-	-	3	Semi-Detached House
£287.5K	04/23	0.75 mi	10, Davis Close, Alsager, Stoke-on-trent, Cheshire East ST7 2YP	-	-	3	Detached House
£250K	02/24	0.75 mi	24, Fields Close, Alsager, Stoke-on-trent, Cheshire East ST7 2ND	£2,778	90	3	Semi-Detached House
£305K	10/23	0.76 mi	49, Chapel Lane, Rode Heath, Stoke-on-trent, Cheshire East ST7 3SE	-	-	3	Detached House
£260K	06/23	0.77 mi	21, Poplar Drive, Alsager, Stoke-on-trent, Cheshire East ST7 2RN	-	-	3	Semi-Detached House
£242K	10/21	0.78 mi	23, Clowes Avenue, Alsager, Stoke-on-trent, Cheshire ST7 2RL	£2,881	84	3	Semi-Detached House
£150K	05/23	0.8 mi	19, Talke Road, Alsager, Stoke-on-trent, Cheshire East ST7 2PW	-	-	3	Semi-Detached House
£200K	03/21	0.8 mi	38, Talke Road, Alsager, Stoke-on-trent, Cheshire East ST7 2PW	£2,500	80	3	Semi-Detached House
£135K	07/23	0.8 mi	49, Talke Road, Alsager, Stoke-on-trent, Cheshire East ST7 2PW	-	-	3	Semi-Detached House
£202K	04/23	0.81 mi	14, Spruce Grove, Rode Heath, Stoke-on-trent, Cheshire East ST7 3SQ	-	-	3	Semi-Detached House
£165K	02/23	0.81 mi	34, Shady Grove, Alsager, Stoke-on-trent, Cheshire East ST7 2NH	£1,786	92	3	Terraced House
£350K	12/22	0.82 mi	53, Lawton Road, Alsager, Stoke-on-trent, Cheshire East ST7 2DA	£2,431	144	3	Terraced House
£188K	09/21	0.83 mi	8, Shady Grove, Alsager, Stoke-on-trent, Cheshire East ST7 2NQ	£1,825	103	3	Semi-Detached House
£195K	12/20	0.83 mi	21, Shady Grove, Alsager, Stoke-on-trent, Cheshire East ST7 2NQ	£2,123	92	3	Semi-Detached House
£228K	03/23	0.84 mi	29, Cresswellshaw Road, Alsager, Stoke-on-trent, Cheshire East ST7 2NL	£2,452	93	3	Semi-Detached House
£310K	08/23	0.84 mi	10, Holly Lane, Alsager, Stoke-on-trent, Cheshire East ST7 2RS	-	-	3	Semi-Detached House
£162K	12/20	0.85 mi	1, The Butts, Alsager, Stoke-on-trent, Cheshire ST7 2NS	£1,761	92	3	Semi-Detached House
£120K	06/21	0.85 mi	184, Sandbach Road, Rode Heath, Stoke-on-trent, Cheshire East ST7 3RU	£1,424	84	3	Terraced House
£131.5K	05/21	0.86 mi	3, The Butts, Alsager, Stoke-on-trent, Cheshire East ST7 2NS	-	-	3	Terraced House
£203.5K	07/21	0.86 mi	5, The Butts, Alsager, Stoke-on-trent, Cheshire East ST7 2NS	£2,165	94	3	Semi-Detached House
£212.5K	12/21	0.87 mi	36, Ivy Lane, Alsager, Stoke-on-trent, Cheshire ST7 2RQ	£2,168	98	3	Semi-Detached House
£235K	03/24	0.87 mi	8, Ivy Lane, Alsager, Stoke-on-trent, Cheshire East ST7 2RQ	£2,701	87	3	Bungalow
£198.7K	12/20	0.87 mi	22, Wesley Avenue, Alsager, Stoke-on-trent, Cheshire ST7 2NG	£2,338	85	3	Semi-Detached House
£205K	08/21	0.88 mi	3, Craig Walk, Alsager, Stoke-on-trent, Cheshire East ST7 2RJ	-	-	3	Semi-Detached House
£290K	01/24	0.88 mi	6, Ashmead Mews, Alsager, Stoke-on-trent, Cheshire East ST7 2XW	-	-	3	Detached House
£200K	12/23	0.88 mi	9, Willow Tree Grove, Rode Heath, Stoke-on-trent, Cheshire East ST7 3TE	£2,564	78	3	Semi-Detached House
£180K	12/20	0.89 mi	6, Talke Road, Alsager, Stoke-on-trent, Cheshire East ST7 2PN	£2,093	86	3	Semi-Detached House
£200K	06/24	0.9 mi	12, Poplar Drive, Alsager, Stoke-on-trent, Cheshire East ST7 2RE	-	-	3	Bungalow
£235K	10/21	0.9 mi	19, Heath Avenue, Rode Heath, Stoke-on-trent, Cheshire East ST7 3RY	£2,136	110	3	Semi-Detached House
£225K	11/21	0.9 mi	17, Millers Wharf, Rode Heath, Stoke-on-trent, Cheshire ST7 3QD	£2,885	78	3	Semi-Detached House

Local Rents

50 rents from £395/mo to £8.3K/mo, average is £938/mo.

Rent	Date	Distance	Address	Beds	Type
£950	09/24	0.09 mi	Brown Avenue, Church Lawton, Stoke-On-Trent	3	Flat
£1,250	09/24	0.5 mi	Alfred Moseley Place, Alsager, Stoke-On-Trent	4	Detached House
£625	08/23	0.6 mi	-	2	Flat
£625	08/23	0.6 mi	-	2	Flat
£1,000	11/24	0.69 mi	-	4	Semi-Detached House
£775	09/24	0.73 mi	Talke Road, Alsager, Stoke-On-Trent	2	Flat
£510	08/23	0.76 mi	-	1	Flat
£860	09/24	0.78 mi	Linley Road, Alsager	3	Detached House
£750	09/24	0.79 mi	Talke Road, Alsager	2	Terraced House
£1,100	03/25	0.8 mi	-	3	Semi-Detached House
£475	09/24	0.93 mi	Wesley Avenue, Alsager	1	Flat
£1,400	05/24	0.94 mi	-	4	Semi-Detached House
£595	02/24	0.97 mi	-	1	Flat
£500	07/23	1.12 mi	-	1	Flat
£675	09/24	1.12 mi	Sandbach Road North, Alsager	2	Flat
£850	09/24	1.17 mi	Old Butt Lane, Talke, Stoke-On-Trent, Staffordshire, ST7	2	Detached House
£525	09/24	1.24 mi	Mere House, Crewe Road, Alsager	1	Flat
£900	09/24	1.27 mi	Moreton Place, Scholar Green	4	Detached House
£625	09/24	1.3 mi	Church Street, Talke	2	Terraced House
£750	01/25	1.31 mi	-	2	Semi-Detached House
£875	09/24	1.32 mi	Capesthorne Close, Alsager	3	Detached House
£8,333	09/24	1.33 mi	-	8	Semi-Detached House
£8,333	09/24	1.33 mi	-	8	Semi-Detached House
£8,333	09/24	1.33 mi	-	8	Semi-Detached House
£8,333	09/24	1.33 mi	-	8	Semi-Detached House
£8,333	09/24	1.33 mi	-	8	Semi-Detached House
£8,333	05/24	1.33 mi	-	8	Semi-Detached House
£8,333	08/24	1.33 mi	-	8	Semi-Detached House
£6,500	12/24	1.33 mi	-	8	Semi-Detached House
£6,500	11/24	1.33 mi	-	8	Semi-Detached House
£6,500	12/24	1.33 mi	-	8	Semi-Detached House
£6,500	02/25	1.33 mi	-	8	Semi-Detached House
£6,500	11/24	1.33 mi	-	8	Semi-Detached House
£6,500	12/24	1.33 mi	-	8	Semi-Detached House
£6,500	01/25	1.33 mi	-	8	Semi-Detached House
£6,500	01/25	1.33 mi	-	8	Semi-Detached House
£625	09/24	1.33 mi	Church Street, Talke	2	Flat
£550	09/24	1.34 mi	Station Road, Alsager	2	Detached House
£1,300	09/24	1.34 mi	-	3	Detached House
£1,300	09/24	1.34 mi	Capesthorne Close, Alsager, ST7	3	Detached House
£595	09/24	1.36 mi	-	2	Flat
£775	03/25	1.38 mi	-	3	Semi-Detached House
£1,450	06/24	1.47 mi	-	3	Detached House
£395	09/24	1.57 mi	The Old Boiler House, Cedar Avenue, Talke, Stoke-On-Trent	1	Flat
£895	09/24	1.77 mi	Gloucester Road, Kidsgrove, Stoke-on-Trent, Staffordshire, ST7	3	Detached House
£925	12/24	1.79 mi	-	2	Terraced House
£1,300	10/24	1.81 mi	-	4	Semi-Detached House
£575	09/24	1.81 mi	Liverpool Road, Kidsgrove, Stoke-on-Trent	2	Flat
£500	09/24	1.81 mi	Liverpool Road, Kidsgrove, Stoke-On-Trent	2	Terraced House
£1,050	02/25	1.82 mi	-	3	Terraced House

Local Area Statistics

Population in ST7	53,39653,396
Population in Stoke-on-Trent	347,755347,755
Town centre distance	6.58 miles away6.58 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.90 miles away0.90 miles away

Rental growth (12m)	+109%+109%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+25%+25%

Property History

Listed for £170,000

July 2, 2024

Floor Plans

Description

No Chain +
In Need of Full Renovation +
Central Village Location +
Quiet Residential Area +
Extended to the Rear +
Driveway Parking +

Presenting this extended three bedroom semi-detached dorma bungalow within the popular residential area of Church Lawton.

The property requires full renovation throughout, which is an ideal opportunity if you are looking to put your own stamp on with this blank canvass.

Close to all local amenities, transport links and countryside walks.

The property;
Enter into the conservatory porch to the front, into the hallway allowing access to the large lounge through to the extended kitchen-diner to the rear. There is also shower room, separate WC and double bedroom to the rear.
To the first floor there is one double bedroom and one single bedroom.

Externally there is driveway parking, detached garage, also front and rear gardens.

Call us now to arrange your viewing.

Agent Details

Butters John Bee, covering Alsager

01270 433828

Next Steps?

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