2 Bed Detached House, Refurb/BRRR, Stoke-on-Trent, ST2 9DS, £280,000

Ash Bank Road, Werrington, Staffordshire Moorlands, ST2 9DS - 4 views - 8 months ago

Refurb/BRRR
~68 m²
+16 photos

ValuationOvervalued

Sold Prices£58K - £505K
Sold Prices/m²£879/m² - £5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.1K/m²

Value Estimate

£127,355

 

 

End Value (After Refurb)

£226,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,100

Refurb Costs

£27,943

Bridging Loan Interest

£7,350

Total Cash In

£118,143

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£226,750

Mortgage (After Refinance)

£170,063

Mortgage LTV

75%

Cash Left In

£118,143

Equity

£56,688

Rent Range

£675 - £950

Rent Estimate

£784

Running Costs/mo

£885

Cashflow/mo

£-101

Cashflow/yr

£-1,217

Gross Yield

3%

Local Sold Prices

50 sold prices from £58K to £505K, average is £125.5K. £879/m² to £5K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£225K02/230.07 mi34, Ash Bank Road, Stoke-on-trent, Staffordshire ST2 9DR2
£126K12/220.17 mi56, Brookhouse Lane, Stoke-on-trent ST2 8NE2
£220.5K02/210.17 mi4, Brookhouse Lane, Stoke-on-trent ST2 8NE2
£170K10/220.24 mi8, Foxlands Close, Stoke-on-trent ST2 9DP2
£160K06/210.25 mi2, Braemar Close, Stoke-on-trent ST2 8NL2
£105K05/210.25 mi8, Second Avenue, Stoke-on-trent ST2 8NQ2
£130K12/220.28 mi59, Ruthin Road, Stoke-on-trent ST2 0NG2
£198.5K01/240.32 miChristina, Gratton Road, Stoke-on-trent ST2 9DJ2
£125K11/210.36 mi98, Brundall Oval, Stoke-on-trent ST2 0PB2
£300K08/210.39 mi444, Werrington Road, Stoke-on-trent ST2 9AD2
£110K07/210.41 mi13, Hethersett Walk, Stoke-on-trent ST2 0PQ2
£96K11/200.42 mi8, Dereham Way, Stoke-on-trent ST2 0PH2
£505K11/220.49 miThe Lilacs, Brookhouse Lane, Stoke-on-trent ST2 8ND2
£95K04/210.5 mi128, Corneville Road, Stoke-on-trent ST2 9EU2
£106K10/230.57 mi181, Ubberley Road, Stoke-on-trent ST2 0EF2
£110K11/220.59 mi31, Dean Street, Stoke-on-trent ST2 8LA2
£90K04/210.6 mi31, Dean Street, Stoke-on-trent ST2 8LA2
£92K09/230.6 mi17, Dean Street, Stoke-on-trent ST2 8LA2
£87K08/210.69 mi305, Werrington Road, Stoke-on-trent ST2 9AS2
£123K04/210.76 mi26, Chapel Street, Stoke-on-trent ST2 9AT2
£95K06/230.76 mi9, Chapel Street, Stoke-on-trent ST2 9AT2
£61K01/240.76 mi13, Chapel Street, Stoke-on-trent ST2 9AT2
£187.5K05/210.8 mi16, Somerton Road, Werrington, Stoke-on-trent, Staffordshire ST9 0JH2
£58K04/210.8 mi339, Ruxley Road, Stoke-on-trent ST2 9AZ2
£77.5K11/210.81 mi6, Guy Street, Stoke-on-trent ST2 9BB2
£85.5K12/220.81 mi4, Guy Street, Stoke-on-trent ST2 9BB2
£200K02/230.81 mi233, Dividy Road, Stoke-on-trent ST2 0BJ2
£130K11/230.82 mi11, Westfield Road, Stoke-on-trent ST2 9HU2
£171K11/230.84 mi184, Newhouse Road, Stoke-on-trent ST2 8BN2
£165K12/230.84 mi333, Ruxley Road, Stoke-on-trent ST2 9BG2
£90K11/200.85 mi37, Tiverton Road, Stoke-on-trent ST2 0AZ2
£122K04/240.85 mi37, Tiverton Road, Stoke-on-trent ST2 0AZ2
£152K01/210.86 mi4, Hammoon Grove, Stoke-on-trent ST2 9DH2
£85K12/230.87 mi16, Tiverton Road, Stoke-on-trent ST2 0AY2
£220K11/200.87 mi7, Blithfield Close, Werrington, Stoke-on-trent, Staffordshire ST9 0PJ2
£130K06/210.88 mi48, Chartwell Close, Werrington, Stoke-on-trent, Staffordshire ST9 0PQ2
£155K02/230.88 mi4, Chartwell Close, Werrington, Stoke-on-trent, Staffordshire ST9 0PQ2
£95K01/230.88 mi59, Tiverton Road, Stoke-on-trent ST2 0AR2
£165K03/230.89 mi11, Runnymede Close, Stoke-on-trent ST2 9QS2
£114K11/220.9 mi546, Dividy Road, Stoke-on-trent ST2 0AF2
£128K08/210.91 mi42, Youlgreave Avenue, Stoke-on-trent ST2 9LF2
£285K12/230.92 mi128, Washerwall Lane, Werrington, Stoke-on-trent, Staffordshire ST9 0LY2
£233K09/230.92 mi127, Washerwall Lane, Werrington, Stoke-on-trent, Staffordshire ST9 0LY2
£115K05/210.93 mi42, Uffington Parade, Stoke-on-trent ST2 0BB2
£125K09/230.93 mi60, Uffington Parade, Stoke-on-trent ST2 0BB2
£121K04/210.94 mi22, Willeton Street, Stoke-on-trent ST2 9JA2
£187K07/210.94 mi332, Ash Bank Road, Werrington, Stoke-on-trent, Staffordshire ST9 0JS2
£215K04/240.95 mi94, Chatsworth Drive, Werrington, Stoke-on-trent, Staffordshire ST9 0PB2
£105K10/210.96 mi87, Ashfield Square, Stoke-on-trent ST2 9LW2
£130K08/230.97 mi7, Hadden Close, Werrington, Stoke-on-trent, Staffordshire ST9 0PG2

Local Rents

17 rents from £675/mo to £950/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£89509/240.15 miBrookhouse Lane, Stoke-on-Trent, Staffordshire, ST22
£69509/240.6 mi-2
£82509/240.73 miCambrian Way, Bucknall, Stoke-on-Trent, ST22
£68509/240.76 miChapel Street, Bucknall2
£69509/240.81 miWerrington Road, Bucknall, Stoke-on-Trent ST22
£87502/250.84 mi-2
£75003/250.85 mi-2
£85010/240.95 mi-2
£84511/240.98 mi-2
£80009/240.99 miMoss Park Avenue, Werrington, Stoke-on-Trent, Staffordshire, ST92
£85004/251.05 mi-2
£95009/241.09 miFellbrook Lane, Bucknall, Stoke-on-Trent, ST22
£85009/241.09 miCotehill Road, Werrington, Stoke-On-Trent, ST92
£79512/241.18 mi-2
£77503/251.19 mi-2
£67510/241.19 mi-2
£70012/231.24 mi-2

Local Area Statistics

Population in ST2

34,047

Population in Stoke-on-Trent

347,755

Town centre distance

2.09 miles away

Nearest school

0.60 miles away

Nearest train station

2.29 miles away

 

 

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+41%

Property History

Listed for £280,000

August 18, 2024

Floor Plans

Description

  • EPC Rated E +
  • Great opportunity +
  • Requires modernisation +
  • Downstairs w/c +
  • Fantastic sized plot +
  • Gated driveway +
  • Ample off road parking +
  • Sought after location +
  • Viewing advised +
  • No onward chain +

Situated in a prime spot along Ash Bank Road in Werrington, Staffordshire Moorlands you will find this mature, two bedroom detached home offering huge amounts of potential. With a gated driveway to the front of the home and great sized garden this home offers a fantastic plot. Internally you will be greeted to an entrance hallway and two good sized reception rooms. The kitchen has an array of matching wall and base units and leads to the rear porch and separate w/c. To the first floor, two bedrooms with carpet flooring and a family bathroom. The rear of the home has a great size laid to lawn garden, perfect for summer evenings. Ash Bank is offered for sale with no onward chain, to call today to book your early viewing.

Agent Details

Feeney Estate Agents, Werrington

01728 443998

Next Steps?

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