3 Bed Detached House, Refurb/BRRR, Stoke-on-Trent, ST8 7NR, £330,000

Park Lane, Knypersley, Biddulph, ST8 7NR - 8 months ago

Under Offer
Refurb/BRRR
~110 m²
+35 photos

ValuationOvervalued

Sold Prices£55K - £350K
Sold Prices/m²£859/m² - £4.8K/m²

 

 

Square Metres

~110.40 m²
Price/m²£3K/m²

Value Estimate

£210,521

 

 

End Value (After Refurb)

£289,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£82,500

Stamp Duty & Legal Fees

£24,200

Refurb Costs

£46,955

Bridging Loan Interest

£8,663

Total Cash In

£164,067

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£289,500

Mortgage (After Refinance)

£217,125

Mortgage LTV

75%

Cash Left In

£164,067

Equity

£72,375

Rent Range

£725 - £1,100

Rent Estimate

£896

Running Costs/mo

£1,104

Cashflow/mo

£-208

Cashflow/yr

£-2,495

Gross Yield

3%

Local Sold Prices

51 sold prices from £55K to £350K, average is £156K. £859/m² to £4.8K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£216K10/230.07 mi213, Park Lane, Knypersley, Stoke-on-trent, Staffordshire ST8 7NR3
£325K11/230.07 mi201, Park Lane, Knypersley, Stoke-on-trent, Staffordshire ST8 7NR3
£350K02/210.29 mi135, Park Lane, Knypersley, Stoke-on-trent, Staffordshire ST8 7PN3
£225K02/210.38 mi8, Holywell Close, Knypersley, Stoke-on-trent, Staffordshire ST8 7XG3
£217.5K12/200.45 mi4, Ruabon Close, Knypersley, Stoke-on-trent, Staffordshire ST8 7XE3
£125K12/200.53 mi61, Springfield Road, Biddulph, Stoke-on-trent, Staffordshire ST8 7BY3
£110K03/210.53 mi6, Springfield Road, Biddulph, Stoke-on-trent, Staffordshire ST8 7BY3
£275K06/210.55 mi8, Robin Hill, Biddulph Moor, Stoke-on-trent, Staffordshire ST8 7NN3
£250K02/210.56 mi26, Menai Drive, Knypersley, Stoke-on-trent, Staffordshire ST8 7BN3
£285K05/240.56 mi26, Menai Drive, Knypersley, Stoke-on-trent, Staffordshire ST8 7BN3
£285K02/230.57 mi93b, Park Lane, Knypersley, Stoke-on-trent, Staffordshire ST8 7BG3
£255K06/210.57 mi6, Oakfield Grove, Biddulph, Stoke-on-trent, Staffordshire ST8 6UH3
£149K10/230.57 mi18, Queens Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7DA3
£156K01/240.57 mi36, Queens Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7DA3
£125K04/210.58 mi54, Mayfield Road, Biddulph, Stoke-on-trent, Staffordshire ST8 7BX3
£260K08/210.59 mi142, Park Lane, Knypersley, Stoke-on-trent, Staffordshire ST8 7BQ3
£280K06/230.59 mi154, Park Lane, Knypersley, Stoke-on-trent, Staffordshire ST8 7BQ3
£115K01/210.63 mi8, Church Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6LY3
£160K01/230.63 mi82, Springfield Road, Biddulph, Stoke-on-trent, Staffordshire ST8 7DF3
£135K10/210.64 mi24, Duke Street, Biddulph, Stoke-on-trent, Staffordshire ST8 7DE3
£125K02/210.65 mi78, Springfield Road, Biddulph, Stoke-on-trent, Staffordshire ST8 7DF3
£167.5K05/210.68 mi39, Swallow Walk, Biddulph, Stoke-on-trent, Staffordshire ST8 6TY3
£143K03/210.68 mi21, Swallow Walk, Biddulph, Stoke-on-trent, Staffordshire ST8 6TY3
£130K02/230.68 mi14, Duke Street, Biddulph, Stoke-on-trent, Staffordshire ST8 7DE3
£129.5K05/210.68 mi17, Trent Grove, Biddulph, Stoke-on-trent, Staffordshire ST8 6ND3
£55K12/200.7 mi3, Mayfield Court, Biddulph, Stoke-on-trent, Staffordshire ST8 6GZ3
£90K03/210.71 mi7, Mayfield Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6LU3
£210K10/230.71 mi17, Bluebell Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6TJ3
£100K12/230.71 mi124, Springfield Road, Biddulph, Stoke-on-trent, Staffordshire ST8 7DG3
£105K01/230.72 mi86, Church Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6NA3
£118.5K03/210.72 mi98, Church Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6NA3
£190K01/240.75 mi204, New Street, Biddulph Moor, Stoke-on-trent, Staffordshire ST8 7NQ3
£190K01/240.75 mi204, New Street, Biddulph Moor, Stoke-on-trent, Staffordshire ST8 7NQ3
£152K10/230.75 mi1, Church Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6NB3
£150K12/200.77 mi15, Chamberlain Way, Biddulph, Stoke-on-trent, Staffordshire ST8 7BB3
£139K12/210.79 mi74, Lawton Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6EX3
£141K12/230.81 mi11, Coppice Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6EU3
£210K06/210.83 mi16, Swift Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7TX3
£235K11/220.83 mi12, Swift Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7TX3
£229.5K01/210.83 mi3, Swift Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7TX3
£155K04/230.83 mi35, Lawton Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6EY3
£130K11/200.83 mi69, Lawton Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6EY3
£175K02/210.84 mi22, Plover Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7UJ3
£135K07/230.84 mi126, Well Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6EZ3
£221.5K02/210.84 mi71, Conway Road, Knypersley, Stoke-on-trent, Staffordshire ST8 7AW3
£350K03/230.84 mi87, Conway Road, Knypersley, Stoke-on-trent, Staffordshire ST8 7AW3
£225K04/230.86 mi9, Wren Close, Biddulph, Stoke-on-trent, Staffordshire ST8 7UB3
£138K05/230.87 mi5, Warwick Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6LG3
£149.9K03/210.88 mi21, Highfield Road East, Biddulph, Stoke-on-trent, Staffordshire ST8 6HA3
£239K10/220.89 mi7, Dunnock Way, Biddulph, Stoke-on-trent, Staffordshire ST8 7UQ3
£147K12/200.89 mi111, Lynmouth Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6LS3

Local Rents

11 rents from £725/mo to £1.1K/mo, average is £870/mo.

RentDateDistanceAddressBeds 
£87508/240.52 mi-3
£1,07504/250.75 mi-3
£80009/240.93 mi-3
£75012/240.97 mi-3
£85003/250.97 mi-3
£87009/241 mi-3
£89502/241.03 mi-3
£1,07011/241.03 mi-3
£72510/241.1 mi-3
£1,10009/241.16 miCongleton Road, Biddulph, Staffordshire3
£85009/241.17 mi-3

Local Area Statistics

Population in ST8

20,197

Population in Stoke-on-Trent

347,755

Town centre distance

4.57 miles away

Nearest school

0.70 miles away

Nearest train station

3.91 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Price changed to £330,000

December 4, 2024

Listed for £375,000

August 16, 2024

Floor Plans

Description

3 Bedrooms. Highly individual detached family home enjoying a beautiful elevated position, nestled within substantial gardens and boasting far reaching views. This is a fantastic opportunity to purchase a unique property and mature gardens which adjoin ‘Wicken Stones’, which is offered for sale with no upward chain and will require full modernisation throughout. Viewing is highly recommended to fully appreciate the amazing potential this home and exceptional gardens has to offer the new owner.

Accommodation comprising of; Entrance hall with door allowing access and windows to both side elevations and further door to the reception hall. Reception hall/dining room with stairs allowing access to the first floor. Spacious living room with windows to the front elevation and feature stone effect fire surround with inset fire. Fitted L-Shaped breakfast kitchen has eye and base level units with work surfaces over and tiled splash backs. Various drawer and cupboard space. Walk in store room off. Side porch allows easy access to the garage. Garage has an up & over door to the side elevation and houses the wall mounted gas central heating boiler. Ground floor w.c 

First floor landing has doors allowing access to the three generous bedrooms, small additional room/possible fourth bedroom/office and the family bathroom. Family bathroom has a three piece suite comprising of a low level w.c, pedestal wash hand basin and panel bath. 

The property is approached via sweeping driveway providing ample off road parking with easy access to integral garage at the side elevation. 

The very large mature and established gardens to the front, side and rear elevations have an excellent selection and variety of shrub/flower beds. Mature trees, lawned garden areas, patios and of course the natural rocks. Superb views on the horizon. The interesting private gardens offer excellent potential for further development alongside the property.

Agent Details

Priory Property Services, Biddulph

01782 493695

Next Steps?

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