2 Bed Terraced House, Refurb/BRRR, Stoke-on-Trent, ST4 7ED, £65,000

13 Lynam Street, Penkhull, Stoke-on-Trent ST4 7ED - 33 views - 8 months ago

Sold STC

Cash

Refurb/BRRR

ROI: 8%

71 m²

+6 photos

ValuationUndervalued

Sold Prices	£55K - £320K
Sold Prices/m²	£857/m² - £3.4K/m²

Square Metres	70.50 m²
Price/m²	£922/m²
Value Estimate	£70,000£70,000

End Value (After Refurb)	£109,564£109,564
Uplift in Value	+57%+57%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£16,250£16,250
Stamp Duty & Legal Fees	£3,300£3,300
Refurb Costs	£28,798£28,798
Bridging Loan Interest	£1,706£1,706
Total Cash In	£51,805£51,805

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£109,564£109,564
Mortgage (After Refinance)	£82,173£82,173
Mortgage LTV	75%75%
Cash Released	£33,423£33,423
Cash Left In	£18,381£18,381
Equity	£27,391£27,391
Rent Range	£412 - £2,700£412 - £2,700
Rent Estimate	£874
Running Costs/mo	£537£537
Cashflow/mo	£337£337
Cashflow/yr	£4,042£4,042
ROI	8%8%
Gross Yield	16%16%

Local Sold Prices

49 sold prices from £55K to £320K, average is £112.5K. £857/m² to £3.4K/m², average is £1.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£100K	12/20	0.04 mi	21, Oxford Street, Stoke-on-trent ST4 7EG	£1,408	71	2	Terraced House
£97K	03/21	0.04 mi	41, Oxford Street, Stoke-on-trent ST4 7EG	£1,155	84	2	Terraced House
£115K	12/20	0.07 mi	49, Brighton Street, Stoke-on-trent ST4 7HH	£1,597	72	2	Terraced House
£126K	06/23	0.07 mi	49, Brighton Street, Stoke-on-trent ST4 7HH	£1,750	72	2	Terraced House
£110K	04/24	0.07 mi	23, Balliol Street, Stoke-on-trent ST4 7HQ	£1,146	96	2	Terraced House
£97K	02/21	0.08 mi	86, Oxford Street, Stoke-on-trent ST4 7EH	£1,386	70	2	Terraced House
£120K	04/21	0.08 mi	68, Oxford Street, Stoke-on-trent ST4 7EH	£1,395	86	2	Terraced House
£162.5K	10/23	0.09 mi	92, Honeywall, Stoke-on-trent ST4 7HT	£2,257	72	2	Semi-Detached House
£88K	03/21	0.09 mi	75, Oxford Street, Stoke-on-trent ST4 7EQ	£1,100	80	2	Terraced House
£152K	08/23	0.14 mi	122, Richmond Street, Stoke-on-trent ST4 7DU	£1,859	82	2	Terraced House
£152K	08/23	0.14 mi	122, Richmond Street, Stoke-on-trent ST4 7DU	£1,859	82	2	Terraced House
£80K	11/23	0.15 mi	13, Gresty Street, Stoke-on-trent ST4 7HR	£1,231	65	2	Terraced House
£110K	04/24	0.17 mi	253, Princes Road, Stoke-on-trent ST4 7JT	£1,325	83	2	Terraced House
£137K	09/23	0.17 mi	23, Gerrard Street, Stoke-on-trent ST4 7DS	-	-	2	Terraced House
£131K	07/24	0.17 mi	25, Gerrard Street, Stoke-on-trent ST4 7DS	£1,398	94	2	Terraced House
£145K	02/21	0.17 mi	Lynton, Frederick Avenue, Stoke-on-trent ST4 7HB	£1,959	74	2	Semi-Detached House
£112.5K	11/20	0.19 mi	43, Greatbatch Avenue, Stoke-on-trent ST4 7JX	£1,355	83	2	Semi-Detached House
£138K	01/23	0.19 mi	33, Greatbatch Avenue, Stoke-on-trent ST4 7JX	£1,683	82	2	Semi-Detached House
£78K	01/21	0.19 mi	7, Floyd Street, Stoke-on-trent ST4 7RT	£1,200	65	2	Terraced House
£230K	02/21	0.2 mi	167, Hartshill Road, Stoke-on-trent ST4 7LU	-	-	2	Detached House
£320K	03/24	0.2 mi	167, Hartshill Road, Stoke-on-trent ST4 7LU	£3,441	93	2	Bungalow
£120K	01/21	0.21 mi	71, Greatbatch Avenue, Stoke-on-trent ST4 7JY	£1,667	72	2	Terraced House
£128K	01/23	0.21 mi	83, Greatbatch Avenue, Stoke-on-trent ST4 7JY	£1,803	71	2	Semi-Detached House
£106K	03/23	0.21 mi	5, Harris Street, Stoke-on-trent ST4 7EZ	£1,596	66	2	Terraced House
£85K	02/24	0.22 mi	50, Lewis Street, Stoke-on-trent ST4 7RS	£1,518	56	2	Terraced House
£108K	03/23	0.22 mi	27, Bath Street, Stoke-on-trent ST4 7QR	£1,367	79	2	Terraced House
£150K	04/24	0.22 mi	6, Bath Street, Stoke-on-trent ST4 7QR	£1,210	124	2	Terraced House
£111.5K	07/23	0.23 mi	28, Watson Street, Stoke-on-trent ST4 7EY	£1,672	67	2	Terraced House
£55K	11/23	0.25 mi	11, Lewis Street, Stoke-on-trent ST4 7RR	£902	61	2	Terraced House
£55K	11/23	0.25 mi	4, Lewis Street, Stoke-on-trent ST4 7RR	£893	62	2	Terraced House
£95K	06/21	0.31 mi	42, Penkhull New Road, Stoke-on-trent ST4 5DB	£1,267	75	2	Terraced House
£220K	07/24	0.33 mi	1a, Doncaster Lane, Stoke-on-trent ST4 7LE	£3,014	73	2	Bungalow
£75K	12/23	0.33 mi	5, Leason Street, Stoke-on-trent ST4 1PP	£1,250	60	2	Terraced House
£60K	07/24	0.33 mi	21, Leason Street, Stoke-on-trent ST4 1PP	£857	70	2	Terraced House
£140K	01/21	0.36 mi	87, Chamberlain Avenue, Stoke-on-trent ST4 5EQ	£2,222	63	2	Semi-Detached House
£76K	09/23	0.37 mi	32, Boughey Street, Stoke-on-trent ST4 5RN	£1,188	64	2	Terraced House
£76K	09/23	0.37 mi	32, Boughey Street, Stoke-on-trent ST4 5RN	£1,188	64	2	Terraced House
£95K	06/24	0.37 mi	24, Boughey Street, Stoke-on-trent ST4 5RN	£1,301	73	2	Terraced House
£78K	08/23	0.38 mi	15, Sharman Close, Stoke-on-trent ST4 7LS	-	-	2	Semi-Detached House
£70K	10/21	0.38 mi	47, Boothen Road, Stoke-on-trent ST4 4AH	-	-	2	Terraced House
£112K	02/24	0.39 mi	16, Manor Court Street, Stoke-on-trent ST4 5DW	£1,455	77	2	Terraced House
£95K	02/23	0.39 mi	13, Frank Street, Stoke-on-trent ST4 5RJ	-	-	2	Terraced House
£149.9K	04/21	0.4 mi	31, Yoxall Avenue, Stoke-on-trent ST4 7JJ	£1,685	89	2	Terraced House
£129K	04/21	0.4 mi	170, North Street, Stoke-on-trent ST4 7DG	£2,224	58	2	Semi-Detached House
£132K	06/23	0.4 mi	172, North Street, Stoke-on-trent ST4 7DG	-	-	2	Semi-Detached House
£118K	10/23	0.4 mi	180, North Street, Stoke-on-trent ST4 7DG	£2,107	56	2	Semi-Detached House
£148.3K	09/21	0.41 mi	13, Colindene Grove, Stoke-on-trent ST4 5EH	-	-	2	Semi-Detached House
£170K	08/24	0.41 mi	18, Colindene Grove, Stoke-on-trent ST4 5EH	-	-	2	Semi-Detached House
£115K	01/24	0.43 mi	46, Yoxall Avenue, Stoke-on-trent ST4 7JH	£1,825	63	2	Detached House

Local Rents

50 rents from £412/mo to £2.7K/mo, average is £750/mo.

Rent	Date	Distance	Address	Beds	Type
£850	04/25	0.02 mi	-	2	Terraced House
£650	09/24	0.06 mi	Oxford Street, Stoke-On-Trent	2	Terraced House
£850	12/24	0.07 mi	-	2	Bungalow
£695	09/24	0.14 mi	Hartshill House, St. Andrews Square, Stoke-on-Trent, ST4 7GD	2	Flat
£725	09/24	0.14 mi	Hartshill House, St. Andrews Square, Stoke-on-Trent, ST4 7GD	2	Flat
£2,100	12/24	0.17 mi	-	2	Terraced House
£695	03/25	0.21 mi	-	2	Terraced House
£1,000	12/24	0.23 mi	-	2	Terraced House
£620	09/24	0.23 mi	-	2	Terraced House
£412	03/25	0.26 mi	-	2	Terraced House
£850	09/24	0.28 mi	-	2	Semi-Detached House
£850	09/24	0.28 mi	Tolkien Way, Staffordshire, ST4	2	Detached House
£800	12/24	0.31 mi	-	2	Terraced House
£750	01/25	0.31 mi	-	2	Terraced House
£750	02/25	0.31 mi	-	2	Terraced House
£750	02/25	0.31 mi	-	2	Terraced House
£550	12/24	0.31 mi	-	2	Flat
£550	12/24	0.31 mi	-	2	Flat
£2,700	09/24	0.31 mi	-	2	Terraced House
£850	12/24	0.33 mi	-	2	Terraced House
£780	12/24	0.34 mi	-	2	Flat
£695	12/24	0.37 mi	-	2	Terraced House
£700	12/24	0.38 mi	-	2	Terraced House
£800	12/24	0.38 mi	-	2	Terraced House
£795	09/24	0.43 mi	Croft Crescent, Penkhull, Stoke-on-Trent ST4	2	Detached House
£700	03/25	0.44 mi	-	2	Terraced House
£825	09/24	0.44 mi	Bob Mcgrory Street, Stoke-On-Trent	2	Flat
£850	12/24	0.45 mi	-	2	Semi-Detached House
£1,975	12/24	0.45 mi	-	2	Terraced House
£650	09/24	0.45 mi	Fletcher Road, Stoke-On-Trent	2	Terraced House
£780	04/25	0.47 mi	-	2	Terraced House
£695	12/24	0.48 mi	-	2	Terraced House
£695	12/24	0.48 mi	-	2	Terraced House
£650	09/24	0.49 mi	-	2	Terraced House
£695	02/25	0.51 mi	-	2	Terraced House
£725	12/23	0.51 mi	-	2	Terraced House
£725	12/24	0.52 mi	-	2	Flat
£725	12/24	0.52 mi	-	2	Flat
£825	12/24	0.53 mi	-	2	Terraced House
£1,200	12/24	0.53 mi	-	2	Terraced House
£850	03/25	0.53 mi	-	2	Terraced House
£895	12/24	0.53 mi	-	2	Terraced House
£750	09/24	0.55 mi	Lowndes Close, Stoke-On-Trent	2	Flat
£675	09/24	0.58 mi	Seaford Street, Shelton, ST4 2EU	2	Terraced House
£700	01/25	0.59 mi	-	2	Terraced House
£700	01/25	0.59 mi	-	2	Terraced House
£850	02/25	0.59 mi	-	2	Terraced House
£799	03/25	0.61 mi	-	2	Flat
£800	12/24	0.61 mi	-	2	Terraced House
£725	09/24	0.61 mi	Minton Street; Hartshill; ST4	2	Terraced House

Local Area Statistics

Population in ST4	56,87056,870
Population in Stoke-on-Trent	347,755347,755
Town centre distance	2.77 miles away2.77 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.46 miles away0.46 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+8%+8%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+23%+23%

Property History

Price changed to £65,000

December 4, 2024

Listed for £70,000

August 5, 2024

Description

End Terrace House +
Two Bedrooms +
Two Reception Rooms +
Larger Than Average +
Garden To Rear +
Cash Buyers Only +
Huge Potential +
Sought After Location +
Close to the Hospital +
No Upward Chain +

PUBLIC NOTICE Findahome Online are now in receipt of an offer for the sum of £73,000 for 13 Lynam Street, Penkhull, Stoke-on-Trent ST4 7ED. Anyone wishing to place an offer on this property should contact Findahome Online, 80 Victoria Road, Fenton, Stoke-on-Trent ST4 2JX on before exchange of contracts. CASH BUYERS ONLY Findahome are pleased to offer to the market this Two Bedroom larger than average End Terrace House offered with No Upward Chain. In need of updating throughout. The accommodation comprises of: Entrance Hall, Dining Room, Lounge, Kitchen, Rear Hall, Bathroom and Two Double Bedrooms. Externally there is a garden to the rear. Close to Royal Stoke University Hospital, local amenities and the A500. Freehold. Council Tax Band A. A viewing is recommended to appreciate the potential this property has to offer.

ENTRANCE HALL Doors leading into reception rooms.

DINING ROOM 11' 5" x 10' 0" Max (3.48m x 3.05m)

LOUNGE 11' 5" x 16' 7" Max (3.48m x 5.05m) Stairs off to first floor, door leading to :

KITCHEN 9' 3" x 6' 6" (2.82m x 1.98m) Door leading to :

REAR HALL

BATHROOM 7' 6" x 6' 6" (2.29m x 1.98m) Three piece suite consisting of panelled bath, hand basin and WC.

FIRST FLOOR

LANDING

BEDROOM 11' 3" x 13' 6" Max (3.43m x 4.11m)

BEDROOM 11' 6" x 14' 8" Max (3.51m x 4.47m) Cupboard housing the boiler.

EXTERIOR

REAR GARDEN Paved area with rear access.

Agent Details

Findahome Online Ltd, Stoke-on-Trent

01782 493531

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

3 Bed House, Refurb/BRRR, Stoke-on-Trent, ST4 7EH

£95,000

54 views • 2 years ago • 71 m²

Sold STC

2 Bed House, Refurb/BRRR, Stoke-on-Trent, ST4 7HF

£115,000

7 views • 5 months ago • 77 m²

Sold STC

2 Bed House, Refurb/BRRR, Stoke-on-Trent, ST4 7RS

£85,000

13 views • a month ago • 68 m²

Sold STC

3 Bed House, Refurb/BRRR, Stoke-on-Trent, ST4 5EJ

£165,000

5 months ago • 86 m²

2 Bed Terraced House, Refurb/BRRR, Stoke-on-Trent, ST4 7ED, £65,000

ValuationUndervalued

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Description

Agent Details

Next Steps?

Similar Properties

3 Bed House, Refurb/BRRR, Stoke-on-Trent, ST4 7EH

2 Bed House, Refurb/BRRR, Stoke-on-Trent, ST4 7HF

2 Bed House, Refurb/BRRR, Stoke-on-Trent, ST4 7RS

3 Bed House, Refurb/BRRR, Stoke-on-Trent, ST4 5EJ

Investment Opportunity

Local Sold Prices

Local Rents