2 Bed Terraced House, Refurb/BRRR, Stoke-on-Trent, ST6 1BD, £90,000

247 Hamil Road, Stoke-on-trent, Stoke-on-trent, ST6 1BD - 7 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 6%
70 m²
+7 photos

ValuationOvervalued

Sold Prices£38K - £190K
Sold Prices/m²£494/m² - £2.8K/m²

 

 

Square Metres

70 m²
Price/m²£1.3K/m²

Value Estimate

£80,548

 

 

End Value (After Refurb)

£93,995

Uplift in Value

+-6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£4,200

Refurb Costs

£28,365

Bridging Loan Interest

£2,363

Total Cash In

£59,178

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£93,995

Mortgage (After Refinance)

£70,496

Mortgage LTV

75%

Cash Released

£2,996

Cash Left In

£56,182

Equity

£23,499

Rent Range

£550 - £2,550

Rent Estimate

£800

Running Costs/mo

£474

Cashflow/mo

£326

Cashflow/yr

£3,915

ROI

7%

Gross Yield

11%

Local Sold Prices

50 sold prices from £38K to £190K, average is £96.3K. £494/m² to £2.8K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£103K04/230 mi287, Hamil Road, Stoke-on-trent ST6 1BD2
£90K11/210.04 mi14, Leigh Street, Stoke-on-trent ST6 1BE2
£89K05/210.05 mi27, Kelsall Street, Stoke-on-trent ST6 1HL2
£110K05/230.06 mi6, Kelsall Street, Stoke-on-trent ST6 1HL2
£77.8K05/210.06 mi3, Kelsall Street, Stoke-on-trent ST6 1HL2
£130K11/200.1 mi118, Leonard Street, Stoke-on-trent ST6 1HH2
£113K03/230.11 mi40, Minster Street, Stoke-on-trent ST6 1EW2
£150K07/230.11 mi44, Shaftesbury Avenue, Stoke-on-trent ST6 1BP2
£89K10/210.12 mi113, Leonard Street, Stoke-on-trent ST6 1HJ2
£98.5K08/230.12 mi77, Leonard Street, Stoke-on-trent ST6 1HJ2
£156K11/210.12 mi5, The Grove, Stoke-on-trent ST6 1BL2
£190K03/210.12 mi15, The Grove, Stoke-on-trent ST6 1BL2
£180K09/230.12 mi21, Bluestone Avenue, Stoke-on-trent ST6 7EE2
£100K06/230.12 mi4, Tellwright Street, Stoke-on-trent ST6 1AX2
£80K12/200.15 mi27, Louise Street, Stoke-on-trent ST6 1AS2
£61.5K04/210.15 mi8, Stanfield Road, Stoke-on-trent ST6 1AT2
£57.5K05/210.16 mi32, Broadhurst Street, Stoke-on-trent ST6 1EX2
£38K12/200.18 mi21, Broadhurst Street, Stoke-on-trent ST6 1EY2
£61K08/210.21 mi14, Bowden Street, Stoke-on-trent ST6 1EZ2
£81K01/210.21 mi8, Bowden Street, Stoke-on-trent ST6 1EZ2
£110K09/210.21 mi72, Bank Hall Road, Stoke-on-trent ST6 7DP2
£95K04/230.22 mi115, Macclesfield Street, Stoke-on-trent ST6 1HU2
£100K06/230.22 mi135, Macclesfield Street, Stoke-on-trent ST6 1HU2
£160K08/210.25 mi1, Belfast Close, Stoke-on-trent ST6 7PJ2
£75K10/210.25 mi67, May Street, Stoke-on-trent ST6 1JA2
£83K12/200.25 mi43, May Street, Stoke-on-trent ST6 1JA2
£95K03/230.26 mi48, Gordon Street, Stoke-on-trent ST6 1HY2
£70K02/210.26 mi16, Leonard Street, Stoke-on-trent ST6 1HT2
£85K03/230.26 mi58, Leonard Street, Stoke-on-trent ST6 1HT2
£77.5K01/210.26 mi56, Leonard Street, Stoke-on-trent ST6 1HT2
£93K08/230.26 mi42, Bowden Street, Stoke-on-trent ST6 1JB2
£105K12/200.26 mi9, Jean Close, Stoke-on-trent ST6 7BH2
£65K02/230.31 mi177, Hamil Road, Stoke-on-trent ST6 1AP2
£139.9K11/210.33 mi10, Sunningdale Close, Stoke-on-trent ST6 7BP2
£160K12/200.33 mi22, Sunningdale Close, Stoke-on-trent ST6 7BP2
£150K08/230.33 mi56, Merrion Drive, Stoke-on-trent ST6 7PQ2
£151K05/210.35 mi6, Narvik Crescent, Stoke-on-trent ST6 7PB2
£45K11/210.35 mi141, Haywood Road, Stoke-on-trent ST6 7AR2
£82K08/230.36 mi184, Moorland Road, Burslem, Stoke-on-trent ST6 1EB2
£165K01/210.37 mi19, Merrion Drive, Stoke-on-trent ST6 7PG2
£64K08/210.37 mi32, Fell Street, Stoke-on-trent ST6 1JT2
£148.5K12/200.39 mi416, High Lane, Stoke-on-trent ST6 7BN2
£106K11/210.4 mi36, Crossley Road, Stoke-on-trent ST6 7AJ2
£84K03/210.46 mi48, Camp Road, Stoke-on-trent ST6 1LF2
£124K08/230.46 mi6, Sherratt Street, Stoke-on-trent ST6 7NT2
£120K07/230.46 mi14, Sherratt Street, Stoke-on-trent ST6 7NT2
£67K11/200.47 mi12, Orion Street, Stoke-on-trent ST6 1PB2
£75K06/230.47 mi41, Kirk Street, Stoke-on-trent ST6 1LG2
£130K02/230.47 mi52, Hayes Street, Stoke-on-trent ST6 7NR2
£97.5K03/210.48 mi44, Bycars Road, Stoke-on-trent ST6 1BY2

Local Rents

30 rents from £550/mo to £2.5K/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£95002/250.05 mi-2
£66001/250.1 mi-2
£59509/240.13 miJackfield Street, Burslem, Stoke On Trent, Staffordshire, ST62
£60012/240.14 mi-2
£70003/250.15 mi-2
£69509/240.16 miDartmouth Street, Tunstall, ST62
£79509/240.2 miLorne Street, Burslem, Stoke-On-Trent2
£68001/250.2 mi-2
£67003/250.22 mi-2
£55002/240.25 mi-2
£69501/240.39 mi-2
£75012/240.46 mi-2
£62509/240.46 mi-2
£59512/240.47 mi-2
£75001/250.48 mi-2
£55002/240.49 mi-2
£90012/240.49 mi-2
£78512/240.49 mi-2
£67509/240.49 miNorton Avenue, Burslem, ST62
£69509/240.5 miRobert Heath Street, Smallthorne2
£67512/240.5 mi-2
£70012/240.5 mi-2
£65001/250.5 mi-2
£59512/240.51 mi-2
£59512/240.51 mi-2
£67509/240.51 mi-2
£67509/240.51 miMountford Street, Stoke-On-Trent, ST62
£55012/240.52 mi-2
£80002/250.58 mi-2
£2,55002/240.6 mi-2

Local Area Statistics

Population in ST6

64,608

Population in Stoke-on-Trent

347,755

Town centre distance

1.38 miles away

Nearest school

0.10 miles away

Nearest train station

1.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Price changed to £90,000

December 4, 2024

Listed for £100,000

July 26, 2024

Sold for £71,500

2006

Sold for £53,000

2005

Sold for £18,000

2002

Floor Plans

Description

  • Close to Burslem town centre +
  • Near Port Vale Football Club +
  • Convenient local amenities +
  • Solid investment potential +
  • Ideal for first-time buyers +
  • Two double bedrooms +
  • No Onward Chain +
  • EPC - D +
  • Council Tax Band - A +

OVERVIEW Introducing a mid terraced house that's currently up for sale. This property is in good condition, situated close to the heart of Burslem town centre and a stone's throw away from the renowned Port Vale Football Club.

This home presents a unique opportunity for a selective modernisation project, perfect for those who enjoy adding their personal touch to their living spaces. The house boasts two reception rooms, providing ample space for relaxation and entertainment.

The property comes with two well-sized double bedrooms, The kitchen and bathroom complete the living space, providing all the essentials.

One of the great perks of this property is its location. It's well-served by public transport links, making commuting a breeze. For families with children, the nearby schools are an added bonus. Local amenities are also within easy reach, making everyday living convenient.

This property is ideal for couples seeking their first home, investors looking for a solid investment, or first-time buyers eager to step onto the property ladder.  

LOUNGE 12' 0" x 10' 10" (3.66m x 3.3m) Entered via a timber front door, living flame gas fire with feature surround, double glazed bay window to the front elevation, radiator. 

DINING ROOM 12' 0" x 11' 2" (3.66m x 3.4m) Double glazed window to the rear elevation, electric fire with feature surround, stairs to first floor with storage under, radiator. 

KITCHEN 10' 11" x 6' 9" (3.33m x 2.06m) Fitted with a range of wall and base units with worksurface over which incorporates a stainless steel sink unit and drainer, integrated oven and hob, space for appliances, housing gas combination boiler, double glazed window to the side elevation. 

BATHROOM 6' 5" x 6' 3" (1.96m x 1.91m) White suite comprising; low level WC, pedestal hand wash basin and bath, double glazed window to the side elevation, radiator. 

STAIRS AND LANDING  

FRONT BEDROOM 12' 0" x 10' 10" (3.66m x 3.3m) Double glazed window to the front elevation, radiator.  

REAR BEDROOM 12' 0" x 11' 2" (3.66m x 3.4m) Double glazed window to the rear elevation, built in storage cupboard, radiator.  

REAR YARD Enclosed yard with rear access gate.

Agent Details

Martin & Co, Stoke On Trent

01782 262880

Next Steps?

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