3 Bed Semi-Detached House, Refurb/BRRR, Stoke-on-Trent, ST8 6QW, £240,000

Congleton Road, Biddulph, ST8 6QW - 8 months ago

Refurb/BRRR
~93 m²
+27 photos

ValuationOvervalued

Sold Prices£94.8K - £370K
Sold Prices/m²£941/m² - £6K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£194,814

 

 

End Value (After Refurb)

£235,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£13,200

Refurb Costs

£39,554

Bridging Loan Interest

£6,300

Total Cash In

£120,804

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£235,000

Mortgage (After Refinance)

£176,250

Mortgage LTV

75%

Cash Left In

£120,804

Equity

£58,750

Rent Range

£725 - £1,150

Rent Estimate

£886

Running Costs/mo

£932

Cashflow/mo

£-46

Cashflow/yr

£-547

Gross Yield

4%

Local Sold Prices

51 sold prices from £94.8K to £370K, average is £210K. £941/m² to £6K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£275K12/230 mi185, Congleton Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6QW3
£265K03/230.05 mi187, Congleton Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6QW3
£182.5K06/210.09 mi16, Smithy Lane, Biddulph, Stoke-on-trent, Staffordshire ST8 7EW3
£239K09/230.1 mi12, Woodhouse Lane, Biddulph, Stoke-on-trent, Staffordshire ST8 7DP3
£235K03/240.17 mi8, Essex Drive, Gillow Heath, Stoke-on-trent, Staffordshire ST8 6SF3
£177.5K02/210.21 mi19, York Close, Gillow Heath, Stoke-on-trent, Staffordshire ST8 6SE3
£140K05/210.21 mi52, The Uplands, Biddulph, Stoke-on-trent, Staffordshire ST8 7EP3
£193K11/210.21 mi57, The Uplands, Biddulph, Stoke-on-trent, Staffordshire ST8 7EP3
£185K10/230.21 mi69, The Uplands, Biddulph, Stoke-on-trent, Staffordshire ST8 7EP3
£185K10/230.21 mi69, The Uplands, Biddulph, Stoke-on-trent, Staffordshire ST8 7EP3
£181K12/230.21 mi72, The Uplands, Biddulph, Stoke-on-trent, Staffordshire ST8 7EP3
£240K10/230.22 mi4, Ox Hey Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7EX3
£196K06/210.22 mi8, Mow Lane, Gillow Heath, Stoke-on-trent, Staffordshire ST8 6QQ3
£120K03/210.22 mi37, The Uplands, Biddulph, Stoke-on-trent, Staffordshire ST8 7ER3
£225K03/210.27 mi1, Midfield Close, Gillow Heath, Stoke-on-trent, Staffordshire ST8 6RD3
£245K03/210.27 mi12, Bollin Grove, Biddulph, Stoke-on-trent, Staffordshire ST8 7EZ3
£185K03/240.28 mi64, Long Valley Road, Gillow Heath, Stoke-on-trent, Staffordshire ST8 6QZ3
£272.5K12/220.3 mi18, Dart Close, Biddulph, Stoke-on-trent, Staffordshire ST8 7HG3
£325K10/200.32 mi52, Well Lane, Gillow Heath, Stoke-on-trent, Staffordshire ST8 6QX3
£230K01/230.34 mi68, Geneva Way, Biddulph, Stoke-on-trent, Staffordshire ST8 7FE3
£202.5K01/210.34 mi68, Geneva Way, Biddulph, Stoke-on-trent, Staffordshire ST8 7FE3
£195K05/210.36 mi16, Checkley Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7HQ3
£275K12/220.38 mi12, Marshfield Lane, Gillow Heath, Stoke-on-trent, Staffordshire ST8 6RG3
£325K01/210.4 mi24, Sansdown Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6DA3
£360K06/230.41 mi24, Sandsdown Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6DA3
£359K05/230.41 mi22, Crossways, Biddulph, Stoke-on-trent, Staffordshire ST8 7DY3
£292.5K11/220.41 mi16, Witham Way, Biddulph, Stoke-on-trent, Staffordshire ST8 7DH3
£205K10/200.41 mi11, Witham Way, Biddulph, Stoke-on-trent, Staffordshire ST8 7DH3
£215K11/210.41 mi5, Witham Way, Biddulph, Stoke-on-trent, Staffordshire ST8 7DH3
£285K04/230.42 mi81, Mow Lane, Gillow Heath, Stoke-on-trent, Staffordshire ST8 6QB3
£155K07/210.43 mi75, Congleton Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6EF3
£190K11/200.44 mi3, Eden Close, Biddulph, Stoke-on-trent, Staffordshire ST8 7DJ3
£210K10/210.44 mi1, Eden Close, Biddulph, Stoke-on-trent, Staffordshire ST8 7DJ3
£213K03/210.45 mi10, Grange Park Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7XU3
£320K01/230.45 mi19, Grange Park Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7XU3
£218K11/230.45 mi15, Moor Close, Biddulph, Stoke-on-trent, Staffordshire ST8 7EQ3
£238K07/210.45 mi5, Grange Park Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7XU3
£370K01/230.45 mi17, Linden Drive, Gillow Heath, Stoke-on-trent, Staffordshire ST8 6RP3
£280K03/240.46 mi8, Derwent Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7DL3
£161.5K09/220.48 mi32, Brocks Croft Gardens, Biddulph, Stoke-on-trent, Staffordshire ST8 6BX3
£94.8K07/210.48 mi57, Station Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6BT3
£123.8K10/220.49 mi26, Brocks Croft Gardens, Biddulph, Stoke-on-trent, Staffordshire ST8 6BX3
£142K12/200.49 mi37, Brocks Croft Gardens, Biddulph, Stoke-on-trent, Staffordshire ST8 6BX3
£188K12/200.49 mi58, Station Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6BS3
£189.5K11/220.51 mi45, Fairfax Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6ER3
£185K06/210.51 mi30, Fairfax Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6ER3
£230K08/230.51 mi39, Fairfax Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6ER3
£203K10/210.53 mi89, Thames Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7JF3
£242K04/240.53 mi70, Thames Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7JF3
£95K09/210.54 mi20, Congleton Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6DX3
£127K07/210.55 mi11, Lawton Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6EJ3

Local Rents

17 rents from £725/mo to £1.1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£1,15001/250.21 mi-3
£85009/240.31 mi-3
£79509/240.34 mi-3
£95009/240.41 miWhetstone Road, Gillow Heath, Stoke-On-Trent3
£1,10009/240.47 miCongleton Road, Biddulph, Staffordshire3
£77509/240.5 miCambridge Close, Gillow Heath3
£75012/240.62 mi-3
£85003/250.62 mi-3
£75009/240.63 mi-3
£75009/240.63 mi-3
£72510/240.76 mi-3
£89502/240.77 mi-3
£1,07011/240.77 mi-3
£1,10001/250.79 mi-3
£87009/240.83 mi-3
£1,07504/250.91 mi-3
£80009/241.21 mi-3

Local Area Statistics

Population in ST8

20,197

Population in Stoke-on-Trent

347,755

Town centre distance

5.90 miles away

Nearest school

0.20 miles away

Nearest train station

2.44 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Price changed to £240,000

September 25, 2024

Listed for £250,000

August 7, 2024

Floor Plans

Description

  • See Our Video Tour +
  • Three Bedrooms +
  • Two Bathrooms Including A Modern Shower Room +
  • Fantastic Sized Rear Garden With An L Shaped Plot +
  • Impressive Sized Open Plan Lounge & Dining Room +
  • Extended To The Rear Aspect +
  • Extended Dining Kitchen +
  • No Chain +

NEW INSTRUCTION! Available For Viewings. (Full Details Will Follow Once Approved By Our Vendors.) This three bedroom extended home is located within a popular non-estate location having direct road links to Congleton & Biddulph.

Although in need of some modernisation, this semi detached home offers lots of potential and scope to create a fantastic sized family home. It is located within a generous sized plot including an extended L-shaped garden to the rear.

At present the property has an impressive open plan bay fronted lounge, with an adjoining dining room as well as a separate extended dining kitchen.

The property is entered by a covered porch leading directly into the entrance hall.

There are three bedrooms to the first floor including two doubles which both have fitted wardrobes.

There is a family bathroom to the first floor, as well as a ground floor modern shower room with a double width walk-in shower cubicle.

Externally, the property benefits from an extensive driveway which extends to the rear of the property leading to a detached garage. There is also a generous sized garden which extends from the house. The head of the garden offers scope to create a kitchen garden, outdoor summer house, children's play area or office space. The property has UPVC glazed windows and gas central heating.

This traditional home offers potential in abundance and would create a fantastic home for families, first time buyers and those looking to downsize. Offered for sale with no chain, a viewing appointment is highly advisable to appreciate the potential on offer.

Agent Details

Whittaker & Biggs, Biddulph

01782 493529

Next Steps?

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