2 Bed Bungalow, Refurb/BRRR, Stoke-on-Trent, ST7 3RB, £200,000

184 Sandbach Road, Stoke-on-trent, Cheshire, ST7 3RB - 8 months ago

Sold STC
Refurb/BRRR
ROI: 1%
84 m²
+19 photos

ValuationFair Value

Sold Prices£70K - £430K
Sold Prices/m²£1.2K/m² - £5.7K/m²

 

 

Square Metres

84.29 m²
Price/m²£2.4K/m²

Value Estimate

£200,000

 

 

End Value (After Refurb)

£226,642

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£35,529

Bridging Loan Interest

£5,250

Total Cash In

£99,729

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£226,642

Mortgage (After Refinance)

£169,982

Mortgage LTV

75%

Cash Released

£19,982

Cash Left In

£79,747

Equity

£56,661

Rent Range

£475 - £8,333

Rent Estimate

£975

Running Costs/mo

£923

Cashflow/mo

£52

Cashflow/yr

£621

ROI

1%

Gross Yield

6%

Local Sold Prices

34 sold prices from £70K to £430K, average is £168K. £1.2K/m² to £5.7K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£215K11/200.45 mi2, Curzon Avenue, Alsager, Stoke-on-trent, Cheshire East ST7 2BP2
£290K07/230.47 mi25, Russell Avenue, Alsager, Stoke-on-trent, Cheshire East ST7 2BN2
£212.5K10/210.47 mi41, Russell Avenue, Alsager, Stoke-on-trent, Cheshire East ST7 2BN2
£175K06/210.49 mi1, Russell Avenue, Alsager, Stoke-on-trent, Cheshire East ST7 2BL2
£295K08/240.49 mi1, Russell Avenue, Alsager, Stoke-on-trent, Cheshire East ST7 2BL2
£220K03/210.53 mi20, Blenheim Court, Alsager, Stoke-on-trent, Cheshire East ST7 2BY2
£170K05/210.59 mi5, Grig Place, Alsager, Stoke-on-trent, Cheshire ST7 2SU2
£275K03/230.59 mi5, Farams Road, Rode Heath, Stoke-on-trent, Cheshire East ST7 3RP2
£166K04/210.61 mi21, Millers Wharf, Rode Heath, Stoke-on-trent, Cheshire ST7 3QD2
£118K10/210.62 mi128, Sandbach Road, Rode Heath, Stoke-on-trent, Cheshire ST7 3RU2
£245K12/200.63 mi8, Sandylands Crescent, Church Lawton, Stoke-on-trent, Cheshire East ST7 3DS2
£162K06/230.67 mi91, Sandbach Road, Rode Heath, Stoke-on-trent, Cheshire East ST7 3RT2
£165K03/240.67 mi46, Sandbach Road, Rode Heath, Stoke-on-trent, Cheshire East ST7 3RN2
£230K07/240.68 mi22, Harpur Crescent, Alsager, Stoke-on-trent, Cheshire East ST7 2SY2
£120K10/210.7 mi12, Oak Street, Rode Heath, Stoke-on-trent, Cheshire ST7 3SJ2
£125K02/240.7 mi12, Oak Street, Rode Heath, Stoke-on-trent, Cheshire East ST7 3SJ2
£165K11/200.71 mi21, Woodland Road, Rode Heath, Stoke-on-trent, Cheshire ST7 3TJ2
£150K04/230.73 mi6, Belvedere Terrace, Rode Heath, Stoke-on-trent, Cheshire East ST7 3SA2
£135K06/230.78 mi17, Shady Grove, Alsager, Stoke-on-trent, Cheshire East ST7 2NQ2
£230K04/230.8 mi87, Hassall Road, Alsager, Stoke-on-trent, Cheshire East ST7 2HP2
£182.5K04/240.83 mi5, Maple Place, Rode Heath, Stoke-on-trent, Cheshire East ST7 3SG2
£180K11/230.85 mi76, Hassall Road, Alsager, Stoke-on-trent, Cheshire East ST7 2HJ2
£75K02/210.86 mi11, Beech Avenue, Rode Heath, Stoke-on-trent, Cheshire ST7 3SH2
£87.5K01/230.86 mi7, Beech Avenue, Rode Heath, Stoke-on-trent, Cheshire East ST7 3SH2
£145K04/230.91 mi4, Fields Road, Alsager, Stoke-on-trent, Cheshire East ST7 2NA2
£430K03/240.91 mi6, The Gables, Alsager, Stoke-on-trent, Cheshire East ST7 2HT2
£205K01/230.94 mi84, Station Road, Alsager, Stoke-on-trent, Cheshire East ST7 2PF2
£145K04/230.96 mi183, Crewe Road, Church Lawton, Stoke-on-trent, Cheshire East ST7 2DG2
£155K04/240.96 mi189, Crewe Road, Church Lawton, Stoke-on-trent, Cheshire East ST7 2DG2
£185K06/230.96 mi15, Bailey Court, Alsager, Stoke-on-trent, Cheshire East ST7 2YH2
£150K12/200.96 mi31, Bailey Court, Alsager, Stoke-on-trent, Cheshire ST7 2YH2
£70K03/240.96 mi25, Bailey Court, Alsager, Stoke-on-trent, Cheshire East ST7 2YH2
£150K12/200.96 mi31, Bailey Court, Alsager, Stoke-on-trent, Cheshire ST7 2YH2
£170K08/230.98 mi97, Crewe Road, Alsager, Stoke-on-trent, Cheshire East ST7 2JE2

Local Rents

50 rents from £475/mo to £8.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£59502/240.66 mi-1
£62508/230.68 mi-2
£62508/230.68 mi-2
£51008/230.76 mi-1
£1,40005/240.78 mi-4
£47509/240.78 miWesley Avenue, Alsager1
£67509/240.84 miSandbach Road North, Alsager2
£52509/240.88 miMere House, Crewe Road, Alsager1
£92512/240.95 mi-2
£55009/241 miStation Road, Alsager2
£87509/241.02 miCapesthorne Close, Alsager3
£1,30009/241.04 mi-3
£1,30009/241.04 miCapesthorne Close, Alsager, ST73
£1,25009/241.05 miAlfred Moseley Place, Alsager, Stoke-On-Trent4
£95009/241.14 miBrown Avenue, Church Lawton, Stoke-On-Trent3
£1,10003/251.17 mi-3
£77509/241.23 miTalke Road, Alsager, Stoke-On-Trent2
£75009/241.27 miTalke Road, Alsager2
£1,50009/241.35 mi-4
£1,50009/241.35 mi-4
£1,50009/241.35 miValley Close, Alsager, Stoke-On-Trent, ST74
£2,40009/241.37 mi-3
£86009/241.39 miLinley Road, Alsager3
£1,00011/241.45 mi-4
£90009/241.46 miGowy Close, Alsager, Stoke-On-Trent3
£1,20012/242.12 miBarthomley, Crewe, Cheshire, CW2 5NT2
£90009/242.17 miMoreton Place, Scholar Green4
£85009/242.22 miOld Butt Lane, Talke, Stoke-On-Trent, Staffordshire, ST72
£50007/232.24 mi-1
£1,45006/242.34 mi-3
£62509/242.37 miChurch Street, Talke2
£75001/252.39 mi-2
£62509/242.4 miChurch Street, Talke2
£8,33309/242.43 mi-8
£8,33309/242.43 mi-8
£8,33309/242.43 mi-8
£8,33309/242.43 mi-8
£8,33309/242.43 mi-8
£8,33305/242.43 mi-8
£8,33308/242.43 mi-8
£6,50012/242.43 mi-8
£6,50011/242.43 mi-8
£6,50012/242.43 mi-8
£6,50002/252.43 mi-8
£6,50011/242.43 mi-8
£6,50012/242.43 mi-8
£6,50001/252.43 mi-8
£6,50001/252.43 mi-8
£59509/242.45 mi-2
£77503/252.47 mi-3

Local Area Statistics

Population in ST7

53,396

Population in Stoke-on-Trent

347,755

Town centre distance

7.68 miles away

Nearest school

0.60 miles away

Nearest train station

1.13 miles away

 

 

Rental growth (12m)

+109%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £200,000

August 27, 2024

Sold for £59,000

1998

Floor Plans

Description

  • Quote reference #MK09 +
  • Two bedroom link detached bungalow +
  • In need of renovation but offers great potential +
  • Being sold with no upward chain +
  • Good size garden area to the rear +
  • Two generous size bedrooms +
  • Situated in a sought after location +
  • Conveniently located for all local amenities and major road links +
  • Driveway providing off road parking +
  • Conservatory overlooking rear garden +

Situated in the heart of Church Lawton, this two bedroom link detached bungalow presents an unmissable opportunity for those looking to transform a space into a dream home. The property is in need of renovation offering potential buyers the exciting chance to put their own stamp on a home.

Sandbach Road is a prime location with excellent access to nearby schools, local amenities and transport links. The tranquil setting and family-friendly environment make it an ideal place to call home or invest in, particularly for those with an eye for potential and a desire to create something truly special.

The bungalow features two generous bedrooms, a shower room and a single reception room, all ready for modern refurbishment to suit your style and needs. The home also benefits from a sizeable kitchen, presenting an ideal canvas for those wishing to design their perfect culinary space.

The property benefits from a spacious garden area to the rear and conservatory - whether you envision a relaxation area, a lively space for family gatherings or a gardener's paradise, this outdoor area is a blank canvas waiting for your personal touch.

Adding to its appeal, this property is offered with no upward chain, ensuring a smooth and straightforward purchase process. This benefit, combined with the opportunity to add significant value through renovation, makes it a particularly attractive proposition for first-time buyers stepping into the property market, downsizers in pursuit of a peaceful abode or savvy investors looking to expand their portfolio..

In summary, this two-bedroom detached bungalow, requiring renovation, presents a fantastic opportunity to create a bespoke home in a prime location. With its good size rear garden and the freedom to renovate, this property is sure to become a true gem in Church Lawton. Don’t miss out on the chance to turn this bungalow into the perfect home or investment. Properties in this area are highly sought after, so we recommend scheduling a viewing as soon as possible to fully appreciate the potential on offer.

For more details or to arrange a viewing, please contact our office today. Act quickly to secure this fantastic opportunity!

Disclaimer - Important Notice - Every care has been taken with the preparation of these particulars, but complete accuracy cannot be guaranteed. If there is any point which is of particular interest to you, please obtain professional confirmation. Alternatively, we will be pleased to check the information for you. These particulars do not constitute a contract or part of a contract. All measurements quoted are approximate. Photographs are reproduced for general information and it cannot be inferred that any item shown is included in the sale.

Agent Details

The Avenue, Covering National

020 3910 6078

Next Steps?

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