2 Bed Semi-Detached House, Refurb/BRRR, Stoke-on-Trent, ST8 6PJ, £139,950

Brown Lees Road, BIddulph, ST8 6PJ - 3 views - 9 months ago

Under Offer
Refurb/BRRR
ROI: 2%
~76 m²
+19 photos

ValuationFair Value

Sold Prices£80K - £360K
Sold Prices/m²£1.1K/m² - £5.5K/m²

 

 

Square Metres

~75.70 m²
Price/m²£1.8K/m²

Value Estimate

£139,950

 

 

End Value (After Refurb)

£183,881

Uplift in Value

+31%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£34,988

Stamp Duty & Legal Fees

£5,399

Refurb Costs

£32,196

Bridging Loan Interest

£3,674

Total Cash In

£78,006

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£183,881

Mortgage (After Refinance)

£137,911

Mortgage LTV

75%

Cash Released

£32,948

Cash Left In

£45,058

Equity

£45,970

Rent Range

£550 - £3,100

Rent Estimate

£890

Running Costs/mo

£773

Cashflow/mo

£117

Cashflow/yr

£1,408

ROI

2%

Gross Yield

8%

Local Sold Prices

50 sold prices from £80K to £360K, average is £169K. £1.1K/m² to £5.5K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£140K07/230 mi9, Brown Lees Road, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PJ2
£180K04/240 mi43, Brown Lees Road, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PJ2
£165K02/230.05 mi2, Farnham Drive, Brown Lees, Stoke-on-trent, Staffordshire ST8 6TB2
£127.5K10/200.07 mi4, Bateman Avenue, Brown Lees, Stoke-on-trent, Staffordshire ST8 6TD2
£148K01/240.14 mi43, Newpool Terrace, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PE2
£179.9K10/230.14 mi49, Newpool Terrace, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PE2
£135.5K11/200.15 mi34, Brook Street, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PF2
£80K03/210.17 mi70, Railway Cottages, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PL2
£80K03/210.17 mi70, Railway Cottages, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PL2
£115K06/210.17 mi74, Railway Cottages, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PL2
£110K03/240.2 mi121, Brown Lees Road, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PN2
£200.5K09/230.22 mi14, Endon Drive, Brown Lees, Stoke-on-trent, Staffordshire ST8 6NJ2
£170K10/230.23 mi3, Towerhill Road, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PD2
£179K05/230.23 mi7, Towerhill Road, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PD2
£82K01/210.23 mi2, Towerhill Road, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PD2
£195K04/240.27 mi2, Mansfield Drive, Brown Lees, Stoke-on-trent, Staffordshire ST8 6NH2
£159.5K03/210.3 mi75, Lyneside Road, Knypersley, Stoke-on-trent, Staffordshire ST8 6SD2
£186K05/230.3 mi23, Lyneside Road, Knypersley, Stoke-on-trent, Staffordshire ST8 6SD2
£190K06/230.3 mi46, Lyneside Road, Knypersley, Stoke-on-trent, Staffordshire ST8 6SD2
£156K05/210.31 mi25, Lyneside Road, Knypersley, Stoke-on-trent, Staffordshire ST8 6SD2
£168K10/230.31 mi7, Kestral Close, Knypersley, Stoke-on-trent, Staffordshire ST8 6PY2
£190K07/230.31 mi194, Tunstall Road, Knypersley, Stoke-on-trent, Staffordshire ST8 7AH2
£165K04/210.31 mi194, Tunstall Road, Knypersley, Stoke-on-trent, Staffordshire ST8 7AH2
£185K01/230.32 mi14, Lyndhurst Drive, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PB2
£195K11/230.32 mi16, Lyndhurst Drive, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PB2
£183K01/240.32 mi12, Lyndhurst Drive, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PB2
£175K12/230.38 mi63, Towerhill Road, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PA2
£167K07/230.39 mi44, Birch Avenue, Knypersley, Stoke-on-trent, Staffordshire ST8 6NY2
£165K08/230.39 mi22, Victoria Row, Knypersley, Stoke-on-trent, Staffordshire ST8 7PU2
£162K02/230.45 mi63, Newpool Road, Knypersley, Stoke-on-trent, Staffordshire ST8 6NT2
£172.5K12/210.46 mi40, Newpool Road, Knypersley, Stoke-on-trent, Staffordshire ST8 6NS2
£220K10/200.47 mi13, Conway Road, Knypersley, Stoke-on-trent, Staffordshire ST8 7AL2
£360K02/240.47 mi15, Conway Road, Knypersley, Stoke-on-trent, Staffordshire ST8 7AL2
£187K05/210.48 mi15, Conway Road, Knypersley, Stoke-on-trent, Staffordshire ST8 7AL2
£228K12/220.59 mi9, Denbigh Close, Knypersley, Stoke-on-trent, Staffordshire ST8 7AY2
£265K07/230.61 mi43, Conway Road, Knypersley, Stoke-on-trent, Staffordshire ST8 7AW2
£215K07/210.61 mi46, Conway Road, Knypersley, Stoke-on-trent, Staffordshire ST8 7AW2
£137K03/230.61 mi9, New Buildings, Knypersley, Stoke-on-trent, Staffordshire ST8 7QA2
£270K05/230.69 mi101, Conway Road, Knypersley, Stoke-on-trent, Staffordshire ST8 7AR2
£195K01/210.69 mi101, Conway Road, Knypersley, Stoke-on-trent, Staffordshire ST8 7AR2
£163.5K02/210.7 mi57, Park Lane, Knypersley, Stoke-on-trent, Staffordshire ST8 7AS2
£90K11/200.79 mi110, Tunstall Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6HN2
£80K05/230.82 mi11, West Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HL2
£125K03/240.82 mi19, West Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HL2
£215K06/230.82 mi3, Gwyn Avenue, Knypersley, Stoke-on-trent, Staffordshire ST8 7BW2
£140K03/230.82 mi8, Hams Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6PR2
£148K11/230.82 mi10, Hams Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6PR2
£210K03/210.84 mi120, Park Lane, Knypersley, Stoke-on-trent, Staffordshire ST8 7BQ2
£240K12/220.84 mi126, Park Lane, Knypersley, Stoke-on-trent, Staffordshire ST8 7BQ2
£156.5K02/230.85 mi12, Hams Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6PR2

Local Rents

14 rents from £550/mo to £3.1K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£3,10009/240.85 mi-2
£79509/240.85 mi-2
£84508/240.85 mi-2
£65009/240.85 miTunstall Road, Biddulph, Stoke-On-Trent2
£90002/250.89 mi-2
£70012/231 mi-2
£65006/231.01 mi-2
£82512/241.02 mi-2
£62510/241.15 mi-2
£55004/231.17 mi-2
£65009/241.19 mi-2
£79503/251.19 mi-2
£67509/241.2 miHigh Street, ST82
£70009/241.21 miLovit View, High Street, ST82

Local Area Statistics

Population in ST8

20,197

Population in Stoke-on-Trent

347,755

Town centre distance

4.35 miles away

Nearest school

0.50 miles away

Nearest train station

2.66 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £139,950

July 30, 2024

Floor Plans

Description

2 Bedrooms. Traditional bay fronted semi detached property in need of full modernisation and is being offered for sale with no upward chain!. Ideal for first time buyers or investors.  Popular local schools and amenities are within a short distance of the property.  

Accommodation comprising of: To the side elevation there is a upvc door allowing easy access into the entrance hall.  Entrance hall has stairs to the first floor landing, door to the lounge and door to the dining kitchen.  Bay fronted living room to the front elevation.  Fitted kitchen to the rear with brick base conservatory off.  Dining kitchen has fitted eye and base level units, base units having work surfaces over.  Space for slide-in cooker with circulator fan above.  Space for fridge freezer.  Stainless steel effect sink unit with drainer and mixer tap.  Wall mounted gas central heating boiler.  uPVC glazed door allowing easy access into the conservatory.  Conservatory has a brick base construction with uPVC double glazed windows.  uPVC double glazed door allows easy access out to the rear.  

Off the first floor landing there are two good size bedrooms and family bathroom.  Family bathroom has a three piece suite comprising of a low level w.c, pedestal wash hand basin and tiled walls.  

Externally the property is approached via a brick paved driveway allowing ample off road parking to the front elevation.  Boundaries are formed by low level hedging.  Brick paved pathway continues to the side allowing easy pedestrian access to the property and to the rear garden.  Rear garden is in need of landscaping.  Viewing is highly recommended to see the potential this family home has to offer.

Agent Details

Priory Property Services, Biddulph

01782 493695

Next Steps?

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