3 Bed Semi-Detached House, Refurb/BRRR, Stoke-on-Trent, ST2 7BY, £210,000

Cadeby Grove, Milton, Stoke-on-Trent, ST2 7BY - 6 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£128.5K - £275K
Sold Prices/m²£1.5K/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£195,933

 

 

End Value (After Refurb)

£217,705

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Refurb Costs

£38,154

Bridging Loan Interest

£5,513

Total Cash In

£105,416

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£217,705

Mortgage (After Refinance)

£163,278

Mortgage LTV

75%

Cash Released

£5,778

Cash Left In

£99,638

Equity

£54,426

Rent Range

£795 - £3,200

Rent Estimate

£1,349

Running Costs/mo

£970

Cashflow/mo

£379

Cashflow/yr

£4,546

ROI

4%

Gross Yield

8%

Local Sold Prices

51 sold prices from £128.5K to £275K, average is £190K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£230K03/240.1 mi1, Dorrington Close, Stoke-on-trent ST2 7BZ3
£165K05/210.1 mi50, Wallis Way, Stoke-on-trent ST2 7EW3
£241K11/230.1 mi50, Wallis Way, Stoke-on-trent ST2 7EW3
£166K10/210.13 mi35, Trentfield Road, Stoke-on-trent ST2 7JH3
£175K11/230.14 mi57, Maybury Way, Stoke-on-trent ST2 7DD3
£175K01/210.14 mi79, Braithwell Drive, Stoke-on-trent ST2 7NT3
£225K12/230.14 mi3, Braithwell Drive, Stoke-on-trent ST2 7NT3
£255.6K12/220.15 mi1, Normandy Grove, Stoke-on-trent ST2 7NU3
£200K01/240.15 mi126, Baddeley Green Lane, Stoke-on-trent ST2 7HA3
£140K10/200.19 mi7, Sunridge Close, Stoke-on-trent ST2 7AP3
£150K10/200.19 mi8, Norbury Avenue, Stoke-on-trent ST2 7BJ3
£180K12/230.19 mi50, Norbury Avenue, Stoke-on-trent ST2 7BJ3
£194K06/210.19 mi24, Kirkwall Grove, Stoke-on-trent ST2 7PH3
£151K04/210.2 mi61, Millrise Road, Stoke-on-trent ST2 7BN3
£155K04/210.2 mi8, Dunsford Avenue, Stoke-on-trent ST2 7PJ3
£187K08/230.2 mi4, Dunsford Avenue, Stoke-on-trent ST2 7PJ3
£250K08/210.21 mi20, Field Avenue, Stoke-on-trent ST2 7AS3
£192.5K01/210.21 mi62, Field Avenue, Stoke-on-trent ST2 7AS3
£165K07/230.21 mi74, Field Avenue, Stoke-on-trent ST2 7AS3
£140K11/210.21 mi81, Haslemere Avenue, Stoke-on-trent ST2 7AT3
£195K03/230.23 mi14, Stanley Grove, Stoke-on-trent ST2 7JA3
£255K10/230.23 mi31, Field Avenue, Stoke-on-trent ST2 7AN3
£190K06/210.24 mi14, Langham Road, Stoke-on-trent ST2 7DP3
£215K10/220.24 mi2, Langham Road, Stoke-on-trent ST2 7DP3
£230K07/230.24 mi3, Langham Road, Stoke-on-trent ST2 7DP3
£226.5K01/210.24 mi93, Bagnall Road, Stoke-on-trent ST2 7AY3
£229.9K02/210.24 mi91, Bagnall Road, Stoke-on-trent ST2 7AY3
£245K08/210.24 mi101, Bagnall Road, Stoke-on-trent ST2 7AY3
£186K12/210.24 mi20, Baddeley Road, Stoke-on-trent ST2 7AX3
£138.3K12/230.24 mi4, Baddeley Road, Stoke-on-trent ST2 7AX3
£275K05/230.24 mi35, Stoneyfields Avenue, Stoke-on-trent ST2 7JN3
£200K05/230.24 mi36, Stoneyfields Avenue, Stoke-on-trent ST2 7JN3
£212.5K03/210.25 mi31, Malcolm Close, Stoke-on-trent ST2 7HX3
£129.9K08/210.25 mi20, Haslemere Avenue, Stoke-on-trent ST2 7AU3
£160K01/230.28 mi24, Netherton Grove, Stoke-on-trent ST2 7NL3
£199.9K10/210.28 mi48, Bagnall Road, Stoke-on-trent ST2 7AZ3
£150K05/240.28 mi86, Bagnall Road, Stoke-on-trent ST2 7AZ3
£137.5K01/240.29 mi1808, Leek Road, Stoke-on-trent ST2 7AF3
£137.5K01/240.29 mi1808, Leek Road, Stoke-on-trent ST2 7AF3
£130K10/210.3 mi8, Shakespeare Close, Stoke-on-trent ST2 7QG3
£215K05/230.3 mi836, Leek New Road, Stoke-on-trent ST2 7HP3
£203.5K01/240.3 mi852, Leek New Road, Stoke-on-trent ST2 7HP3
£202K10/200.3 mi30, Millbrook Grove, Stoke-on-trent ST2 7DY3
£157.5K05/230.3 mi15, Gilman Avenue, Stoke-on-trent ST2 7JP3
£195K06/230.3 mi36, Gilman Avenue, Stoke-on-trent ST2 7JP3
£150K12/200.3 mi96, Baddeley Green Lane, Stoke-on-trent ST2 7HB3
£168K11/200.31 mi21, Clive Avenue, Stoke-on-trent ST2 7HR3
£222.5K02/230.32 mi31, Malstone Avenue, Stoke-on-trent ST2 7NN3
£212.5K11/220.33 mi8, Malstone Avenue, Stoke-on-trent ST2 7NN3
£167K09/230.33 mi46, Malstone Avenue, Stoke-on-trent ST2 7NN3
£128.5K05/230.34 mi1867, Leek Road, Stoke-on-trent ST2 7AD3

Local Rents

21 rents from £795/mo to £3.2K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,05002/250.44 mi-3
£80009/240.63 miHayeswood Grove, Norton Heights3
£1,70009/240.74 mi-3
£95007/240.78 mi-3
£95009/240.78 miBlithfield Way, Stoke-On-Trent, ST63
£95009/240.78 mi-3
£97509/240.83 mi-3
£82509/240.86 miUplands Road, Stoke-On-Trent3
£99511/240.89 mi-3
£79509/240.91 mi-3
£87509/240.92 miWentworth Grove, Sneyd Green, Stoke-on-Trent3
£87509/240.92 mi-3
£1,10012/240.94 mi-3
£3,20009/240.98 mi-3
£3,20012/240.98 mi-3
£89509/241.12 miLeek New Road, Sneyd Green3
£1,60008/241.14 mi-3
£1,50009/241.14 mi-3
£1,60009/241.14 mi-3
£1,50010/241.18 mi-3
£1,10012/241.19 mi-3

Local Area Statistics

Population in ST2

34,047

Population in Stoke-on-Trent

347,755

Town centre distance

1.11 miles away

Nearest school

0.30 miles away

Nearest train station

3.18 miles away

 

 

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+41%

Property History

Listed for £210,000

August 17, 2024

Floor Plans

Description

  • Three bedroom semi detached home +
  • Impressive plot +
  • Cul de sac location +
  • Detached garage +
  • Lots of potential +
  • NO CHAIN +

This three bedroom semi detached home is nestled on a substantial plot and is located in a quiet cul de sac location. The property has a substantial driveway to both the front/side, providing off street parking for a number of vehicles. The property is in need of modernisation, but offers the potential to extend, subject to planning and building regulation approval.

You're welcomed into the property via the hallway, which is located to the side of the property. The living room is a light and airy space, having bay fronted window and feature gas fire, within a composite surround/hearth. The dining kitchen is located to the rear of the property, this space has a range of fitted units to the base and eye level, ample room for a dining table and chairs, useful understairs storage cupboard, room for a free standing fridge freezer, electric cooker point and plumbing for a washing machine.

To the first floor the landing has a useful storage cupboard which houses the Baxi gas fired boiler. The bedrooms are of good proportions, with bedroom one having fitted wardrobes. The bathroom has a panel bath with chrome shower fitment over, low level WC and pedestal wash hand basin.

Offered for sale with NO CHAIN, a viewing is highly recommended to appreciate this homes location, further potential and plot size.

Agent Details

Whittaker & Biggs, Leek

01535 288233

Next Steps?

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