2 Bed Terraced House, Refurb/BRRR, Stoke-on-Trent, ST1 4NP, £70,000

Harcourt Street, Stoke-On-Trent, ST1 4NP - 15 views - 8 months ago

BTL
Refurb/BRRR
ROI: 12%
~68 m²
+10 photos

ValuationFair Value

Sold Prices£36K - £150K
Sold Prices/m²£514/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£71,400

 

 

End Value (After Refurb)

£98,138

Uplift in Value

+40%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Refurb Costs

£27,600

Bridging Loan Interest

£1,838

Total Cash In

£53,388

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£98,138

Mortgage (After Refinance)

£73,603

Mortgage LTV

75%

Cash Released

£21,103

Cash Left In

£32,284

Equity

£24,534

Rent Range

£412 - £2,900

Rent Estimate

£1,062

Running Costs/mo

£539

Cashflow/mo

£523

Cashflow/yr

£6,275

ROI

12%

Gross Yield

18%

Local Sold Prices

50 sold prices from £36K to £150K, average is £84.3K. £514/m² to £2.3K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£63K02/210 mi50, Harcourt Street, Stoke-on-trent ST1 4NP2
£70K05/230 mi20, Harcourt Street, Stoke-on-trent ST1 4NP2
£49K02/240.07 mi43, Chatham Street, Stoke-on-trent ST1 4NY2
£68K03/240.27 mi52, Beresford Street, Stoke-on-trent ST4 2EX2
£50K11/230.29 mi42, Elgin Street, Stoke-on-trent ST4 2RD2
£69K04/210.29 mi17, Garfield Street, Stoke-on-trent ST1 4LL2
£82K01/240.31 mi3, Northcote Street, Stoke-on-trent ST4 2RE2
£150K06/240.34 mi142, Cauldon Road, Stoke-on-trent ST4 2DY2
£78K08/230.35 mi53, Davis Street, Stoke-on-trent ST4 7AD2
£80K02/230.37 mi49, Davis Street, Stoke-on-trent ST4 7AD2
£93K07/210.37 mi4, Queen Anne Street, Stoke-on-trent ST4 2EQ2
£75K01/240.37 mi8, Castlefield Street, Stoke-on-trent ST4 7AQ2
£85K04/230.38 mi35, Whitmore Street, Stoke-on-trent ST1 4JS2
£83.5K01/240.38 mi21, Whitmore Street, Stoke-on-trent ST1 4JS2
£50K10/230.39 mi2, Bethesda Road, Stoke-on-trent ST1 3AH2
£40K03/230.4 mi48, Whitmore Street, Stoke-on-trent ST1 4JT2
£107K11/200.44 mi253, Leek Road, Stoke-on-trent ST4 2BU2
£108K05/210.44 mi18, Timmis Street, Stoke-on-trent ST1 4JY2
£115K09/230.44 mi281, Leek Road, Stoke-on-trent ST4 2BU2
£142.5K03/230.44 mi287, Leek Road, Stoke-on-trent ST4 2BU2
£95K11/210.46 mi5, Brunswick Place, Stoke-on-trent ST1 3DD2
£81.5K07/230.46 mi19, Brunswick Place, Stoke-on-trent ST1 3DD2
£71K10/230.48 mi342, Leek Road, Stoke-on-trent ST1 3JL2
£85K02/240.51 mi9, Warrington Road, Stoke-on-trent ST1 3JQ2
£106K06/230.51 mi23, Warrington Road, Stoke-on-trent ST1 3JQ2
£88K10/230.52 mi64, Warrington Road, Stoke-on-trent ST1 3JG2
£118K05/230.54 mi430, Victoria Road, Stoke-on-trent ST1 3JE2
£80K02/240.55 mi55, Kimberley Road, Stoke-on-trent ST1 4DA2
£69K05/210.55 mi37, Kimberley Road, Stoke-on-trent ST1 4DA2
£76K04/210.55 mi29, Kimberley Road, Stoke-on-trent ST1 4DA2
£110K02/230.55 mi49, Kimberley Road, Stoke-on-trent ST1 4DA2
£36K12/200.58 mi37, Ladysmith Road, Stoke-on-trent ST1 4BY2
£85K09/230.58 mi21, Ladysmith Road, Stoke-on-trent ST1 4BY2
£87K09/210.6 mi34, Austin Street, Stoke-on-trent ST1 3HY2
£73K12/230.6 mi50, Harley Street, Stoke-on-trent ST1 3LA2
£55K11/230.6 mi4, Lewis Street, Stoke-on-trent ST4 7RR2
£55K11/230.6 mi11, Lewis Street, Stoke-on-trent ST4 7RR2
£103.5K06/230.6 mi42, Cotesheath Street, Stoke-on-trent ST1 3JD2
£103K12/230.6 mi74, Cotesheath Street, Stoke-on-trent ST1 3JD2
£129K04/210.62 mi170, North Street, Stoke-on-trent ST4 7DG2
£132K06/230.62 mi172, North Street, Stoke-on-trent ST4 7DG2
£118K10/230.62 mi180, North Street, Stoke-on-trent ST4 7DG2
£65K02/210.62 mi4, Hazelhurst Street, Stoke-on-trent ST1 3HF2
£85K02/240.63 mi50, Lewis Street, Stoke-on-trent ST4 7RS2
£69.4K11/210.64 mi18, Sefton Street, Stoke-on-trent ST1 4BQ2
£90K04/230.64 mi16, Sefton Street, Stoke-on-trent ST1 4BQ2
£66.5K11/200.65 mi35, Hazelhurst Street, Stoke-on-trent ST1 3HG2
£85K02/210.65 mi33, Hazelhurst Street, Stoke-on-trent ST1 3HG2
£113K05/210.65 mi104, Belmont Road, Stoke-on-trent ST1 4BT2
£130K04/240.65 mi94, Belmont Road, Stoke-on-trent ST1 4BT2

Local Rents

48 rents from £412/mo to £2.9K/mo, average is £870/mo.

RentDateDistanceAddressBeds 
£67509/240.28 miSeaford Street, Shelton, ST4 2EU2
£1,20012/240.32 mi-2
£85003/250.32 mi-2
£65009/240.32 miStanhope Street; Hanley; ST12
£82512/240.36 mi-2
£69509/240.37 miBridgewater Court, Hanley, Stoke-on-Trent, ST12
£69512/240.37 mi-2
£2,00002/240.39 mi-2
£95009/240.39 mi-2
£75009/240.4 miCaldon Quay, Hanley, Stoke-on-Trent, ST12
£72504/250.41 mi-2
£1,10012/240.41 mi-2
£79509/240.41 miTattershall Court, Etruria2
£67509/240.43 miHartley Court, Cliffe Vale, Stoke On Trent, ST4 7GG2
£2,90001/240.44 mi-2
£2,90010/240.44 mi-2
£89509/240.44 mi-2
£1,50002/240.45 mi-2
£1,50001/250.45 mi-2
£1,50002/250.45 mi-2
£72509/240.45 miPenstock Drive, Etruria2
£98009/240.46 miClayworks, Hanley2
£1,01509/240.46 miClayworks, Hanley2
£90009/240.46 miClayworks, Hanley2
£97509/240.46 miClayworks, Hanley2
£89009/240.46 miClayworks, Hanley2
£93009/240.46 miClayworks, Hanley2
£72509/240.48 mi-2
£75001/240.49 mi-2
£75010/240.49 mi-2
£78003/250.52 mi-2
£97503/250.52 mi-2
£65009/240.52 mi-2
£2,50010/240.53 mi-2
£2,50010/240.53 mi-2
£77509/240.53 miNew Bernard Street, Hanley2
£87010/240.53 mi-2
£87010/240.53 mi-2
£87010/240.53 mi-2
£75003/250.56 mi-2
£90011/240.56 mi-2
£72509/240.57 mi-2
£75003/250.57 mi-2
£41203/250.59 mi-2
£55009/240.6 miLadysmith Road, Stoke-On-Trent, ST12
£78012/240.6 mi-2
£90004/250.61 mi-2
£1,00012/240.61 mi-2

Local Area Statistics

Population in ST1

29,532

Population in Stoke-on-Trent

347,755

Town centre distance

1.93 miles away

Nearest school

0.20 miles away

Nearest train station

0.54 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £70,000

August 21, 2024

Floor Plans

Description

  • Mid Terraced Property +
  • No Upward Chain +
  • Vacant Possession +
  • Two Reception Rooms +
  • Two Double Bedrooms +
  • Fitted Kitchen +
  • Ground Floor Shower Room +
  • Lcoated In Shelton +
  • Ideal For Home +
  • Buy To Let Potential +

Nicholas Humphreys present this mid terraced property located in the Shelton area of Stoke-on-Trent.  Offered with no upward chain and vacant possession this property could make an ideal first home or buy to let property.  The accommodation includes two reception rooms, fitted kitchen, ground floor shower room and two first floor double bedrooms.  Shelton is a popular area located within walking distance to Staffordshire University and Stoke railway station .  The area enjoys local amenities and facilities including Hanley Park, canal walks and is a short drive away from the City centre, Hanley.  In need of some modernisation, this is an ideal property for those looking to get on the property ladder.  Information Nicholas Humphreys Estate Agents will sometimes refer sellers (and will offer to refer buyers) to Altium Law & Simply Conveyancing for conveyancing services. It is your decision as to whether or not you choose to deal with these conveyancers. Should you decide to use the conveyancers named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of up to £240 including VAT from them, for recommending you to them. Nicholas Humphreys Estate Agents will sometimes refer buyers to East Cheshire Mortgages and The Mortgage Advisor for mortgage services. . It is your decision as to whether or not you choose to deal with these mortgage brokers. Should you decide to use the conveyancers named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of £250 from them, for recommending you to them. Nicholas Humphreys Estate Agents will sometimes refer buyers to Countrywide Surveyors. It is your decision as to whether or not you choose to deal with this company. Should you decide to use the surveyor named above, you should know that Nicholas Humphreys Estate Agents would receive a referral fee of £100 from them, for recommending you to them. EPC rating: E. Tenure: Freehold,

Agent Details

Nicholas Humphreys, Stoke-On-Trent

01782 890064

Next Steps?

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