2 Bed Flat, Single Let, Stoke-on-Trent, ST1 6AT, £79,950

Leek Road, Hanley, Stoke-on-Trent, ST1 6AT - 9 months ago

Sold STC
Leasehold
BTL
ROI: 12%
~68 m²
+4 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£98,965
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£19,988

Stamp Duty & Legal Fees

£3,675

Total Cash In

£23,663

 

 

Cash Out

 

Rent Range

£450 - £2,500

Rent Estimate

£650

Running Costs/mo

£400

Cashflow/mo

£250

Cashflow/yr

£3,002

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
£197K05/210.58 mi36, Willeton Street, Stoke-on-trent ST2 9JA2
£104.5K05/230.67 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
£72K10/230.79 mi77, Ambassador Road, Stoke-on-trent ST1 3DN2
£65K05/210.79 mi79, Ambassador Road, Stoke-on-trent ST1 3DN2
£125K08/230.81 mi20, Crownford Avenue, Stoke-on-trent ST1 3DG2
£65K04/210.81 mi52, Crownford Avenue, Stoke-on-trent ST1 3DG2
£165K01/210.81 mi123, Kettering Drive, Stoke-on-trent ST2 9ND2
£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
£42K04/231.39 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
£90K07/221.77 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
£78K11/201.83 mi85, Hartley Court, Stoke-on-trent ST4 7GG2
£85K03/231.83 mi40, Hartley Court, Stoke-on-trent ST4 7GG2
£78K11/201.83 mi85, Hartley Court, Stoke-on-trent ST4 7GG2
£92.5K12/231.83 mi79, Hartley Court, Stoke-on-trent ST4 7GG2
£85K06/221.84 mi50, Blithfield Way, Stoke-on-trent ST6 8GS2
£75K08/211.85 mi23, Tattershall Court, Stoke-on-trent ST4 7GH2
£88K06/231.85 mi5, Tattershall Court, Stoke-on-trent ST4 7GH2
£80K08/241.85 mi28, Tattershall Court, Stoke-on-trent ST4 7GH2
£75K12/201.85 mi18, Tattershall Court, Stoke-on-trent ST4 7GH2
£90K12/231.85 mi26, Tattershall Court, Stoke-on-trent ST4 7GH2
£95K08/241.85 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
£92510/240.35 mi-2
£85012/240.37 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
£2,50009/240.47 mi-2
£85010/240.49 mi-2
£69502/240.52 mi-2
£72509/240.52 mi-2
£69003/250.52 mi-2
£75003/250.53 mi-2
£74011/240.53 mi-2
£66004/250.53 mi-2
£75012/240.54 mi-2
£65009/240.57 miEastbourne Road, Stoke-on-Trent, Staffordshire, ST12
£46510/240.57 mi-2
£69509/240.57 miWerrington Road, Bucknall, Stoke-on-Trent ST22
£60002/240.57 mi-2
£45003/250.58 mi-2
£45004/250.58 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

1.78 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Price changed to £79,950

December 4, 2024

Listed for £82,500

July 12, 2024

Sold for £71,500

2004

Sold for £58,000

2003

Sold for £34,950

1999

Description

PROPERTY DESCRIPTION IDEAL FIRST TIME BUY OR BUY TO LET INVESMENT OPPORTUNITY!
This well presented, two bedroom first floor floor flat is conveniently situated within easy reach of local amenities, commuter and transport networks. The accommodation comprises entrance hall, open plan living space with lounge/diner and kitchen areas, two bedrooms and a bathroom. Gas central heating, upvc double glazing and allocated parking. No upward chain, viewings are strongly recommended.  

ENTRANCE HALL Entrance door and staircase leading to the open plan living area. 

OPEN PLAN LIVING AREA  

KITCHEN AREA 8' 9" x 7' 2" (2.67m x 2.18m) Fitted base units, drawers and matching wall mounted cupboards. Work surfaces incorporating inset one and a half bowl sink and single drainer with mixer tap. Built in electric oven, gas hob and extractor fan. Plumbing for a washing machine. Part tiled walls, wood effect laminate flooring and upvc double glazed window.  

LOUNGE / DINING AREA 15' 8" x 10' 8" (4.78m x 3.25m) Radiator, television point, loft access, wood effect laminate flooring and upvc double glazed windows. 

MASTER BEDROOM 13' 4" x 9' 8" (4.06m x 2.95m) Fitted wardrobes with matching drawers and bedside cabinets. Radiator, wood effect laminate flooring and upvc double glazed window.  

BEDROOM TWO 10' 1" x 6' 4" (3.07m x 1.93m) Radiator and upvc double glazed window.  

BATHROOM Three piece suite comprising panelled bath, pedestal wash hand basin and low level w/c. Radiator, extractor fan and upvc double glazed window.  

EXTERIOR Brick built storage shed, allocated parking space and communal gardens. 

GENERAL INFORMATION Viewings
By prior arrangement with Louis Taylor.
Please telephone to arrange a mutually convenient appointment.

Fixtures and Fittings
Nothing in these sales details is intended to indicate that any carpets or curtains, furnishings or fittings, electrical goods (wired or not), gas fires or light fitments, or any other fixtures and fittings not expressly included, form part of the property being offered for sale. The services and appliances have not been tested.

Measurements
Please note room sizes shown are only intended as an approximate guide, and should not be relied upon. When ordering carpets or fitments you should always have the areas measured by the appropriate supplier.

Photos
Photos are reproduced for general information and it must not be inferred that any item is included for sale with the property.

Purchasing Procedure
(Placing your offer) All offers should be made to the sole selling agent at our Newcastle branch. This procedure is part of our agreement to the seller and should be carried out before contacting a bank, building society or solicitor. Any delay may result in the property being sold to someone else, and survey/legal costs being unnecessarily incurred.
These sales particulars are provided as a general outline and are for guidance only, and do not form any part of an offer or contract. Intending buyers should not rely on them as statements of fact. No one working at Louis Taylor has the authority to make or give any representation or warranty in respect of the property.

Market Appraisal
Thinking of selling? Established 1877 Louis Taylor have the local knowledge and experience to offer you a free market appraisal of your property without obligation. It is worth noting that we may already have a purchaser waiting to buy your home.

Survey & Valuation
To be satisfied as to the condition and/or valuation of the property you are purchasing we strongly recommend that you have a professional independent survey undertaken. Louis Taylor provides a full survey and valuation service (including Energy Performance Certificates). For details on the different types of surveys available and for a specific quotation please contact our Survey Department on (please note that we are unable to provide a survey on properties that we are selling).
42/60/31
 

AGENTS NOTES This is a leasehold property and we have been advised that there are 974 years remaining on the lease. Service Charge is £340.88 per annum & Ground Rent £99 per annum. We recommend all interested parties clarify these figures with their solicitor.

Agent Details

Louis Taylor, Newcastle-Under-Lyme

01782 493038

Next Steps?

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