3 Bed Detached House, Refurb/BRRR, Stoke-on-Trent, ST8 7HF, £220,000

Pennine Way, Biddulph, ST8 7HF - 2 views - 8 months ago

Under Offer
Refurb/BRRR
ROI: 1%
~82 m²
+19 photos

ValuationOvervalued

Sold Prices£95K - £292.5K
Sold Prices/m²£941/m² - £6K/m²

 

 

Square Metres

~82 m²
Price/m²£2.7K/m²

Value Estimate

£144,869

 

 

End Value (After Refurb)

£192,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£12,200

Refurb Costs

£34,876

Bridging Loan Interest

£5,775

Total Cash In

£109,601

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£192,000

Mortgage (After Refinance)

£144,000

Mortgage LTV

75%

Cash Left In

£109,601

Equity

£48,000

Rent Range

£725 - £1,150

Rent Estimate

£877

Running Costs/mo

£795

Cashflow/mo

£82

Cashflow/yr

£979

ROI

1%

Gross Yield

5%

Local Sold Prices

51 sold prices from £95K to £292.5K, average is £196K. £941/m² to £6K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£195K05/210.07 mi16, Checkley Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7HQ3
£272.5K12/220.07 mi18, Dart Close, Biddulph, Stoke-on-trent, Staffordshire ST8 7HG3
£155K07/210.15 mi75, Congleton Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6EF3
£245K03/210.15 mi12, Bollin Grove, Biddulph, Stoke-on-trent, Staffordshire ST8 7EZ3
£240K10/230.17 mi4, Ox Hey Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7EX3
£205K10/200.19 mi11, Witham Way, Biddulph, Stoke-on-trent, Staffordshire ST8 7DH3
£215K11/210.19 mi5, Witham Way, Biddulph, Stoke-on-trent, Staffordshire ST8 7DH3
£292.5K11/220.19 mi16, Witham Way, Biddulph, Stoke-on-trent, Staffordshire ST8 7DH3
£127K07/210.19 mi11, Lawton Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6EJ3
£156K12/200.21 mi12, Lawton Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6EQ3
£175K08/210.21 mi20, Lawton Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6EQ3
£161K03/210.23 mi59, Kingsfield Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6DP3
£265K02/230.23 mi45, Thames Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7HL3
£200K02/210.23 mi43, Thames Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7HL3
£190K11/200.23 mi3, Eden Close, Biddulph, Stoke-on-trent, Staffordshire ST8 7DJ3
£210K10/210.23 mi1, Eden Close, Biddulph, Stoke-on-trent, Staffordshire ST8 7DJ3
£272K09/230.23 mi25, Thames Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7HL3
£245K10/220.25 mi8, Tern Close, Biddulph, Stoke-on-trent, Staffordshire ST8 7TL3
£95K09/210.25 mi20, Congleton Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6DX3
£202.5K01/210.25 mi68, Geneva Way, Biddulph, Stoke-on-trent, Staffordshire ST8 7FE3
£189.5K11/220.27 mi45, Fairfax Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6ER3
£280K03/240.27 mi8, Derwent Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7DL3
£185K06/210.27 mi30, Fairfax Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6ER3
£230K08/230.27 mi39, Fairfax Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6ER3
£230K01/230.27 mi68, Geneva Way, Biddulph, Stoke-on-trent, Staffordshire ST8 7FE3
£120K03/210.27 mi37, The Uplands, Biddulph, Stoke-on-trent, Staffordshire ST8 7ER3
£97.5K06/210.29 mi9, Albert Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6DT3
£152.5K12/230.29 mi29, Albert Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6DT3
£161.5K09/220.3 mi32, Brocks Croft Gardens, Biddulph, Stoke-on-trent, Staffordshire ST8 6BX3
£142K12/200.3 mi37, Brocks Croft Gardens, Biddulph, Stoke-on-trent, Staffordshire ST8 6BX3
£123.8K10/220.3 mi26, Brocks Croft Gardens, Biddulph, Stoke-on-trent, Staffordshire ST8 6BX3
£203K10/210.3 mi89, Thames Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7JF3
£242K04/240.3 mi70, Thames Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7JF3
£182.5K06/210.32 mi16, Smithy Lane, Biddulph, Stoke-on-trent, Staffordshire ST8 7EW3
£239K10/220.32 mi7, Dunnock Way, Biddulph, Stoke-on-trent, Staffordshire ST8 7UQ3
£140K05/210.33 mi52, The Uplands, Biddulph, Stoke-on-trent, Staffordshire ST8 7EP3
£193K11/210.33 mi57, The Uplands, Biddulph, Stoke-on-trent, Staffordshire ST8 7EP3
£185K10/230.33 mi69, The Uplands, Biddulph, Stoke-on-trent, Staffordshire ST8 7EP3
£185K10/230.33 mi69, The Uplands, Biddulph, Stoke-on-trent, Staffordshire ST8 7EP3
£181K12/230.33 mi72, The Uplands, Biddulph, Stoke-on-trent, Staffordshire ST8 7EP3
£210K06/210.33 mi16, Swift Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7TX3
£229.5K01/210.33 mi3, Swift Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7TX3
£235K11/220.33 mi12, Swift Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7TX3
£225K04/230.33 mi9, Wren Close, Biddulph, Stoke-on-trent, Staffordshire ST8 7UB3
£188K12/200.34 mi58, Station Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6BS3
£265K10/230.35 mi1, Ribble Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7LL3
£196K06/210.35 mi8, Mow Lane, Gillow Heath, Stoke-on-trent, Staffordshire ST8 6QQ3
£96K10/230.36 mi27, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6BB3
£150K12/200.37 mi15, Chamberlain Way, Biddulph, Stoke-on-trent, Staffordshire ST8 7BB3
£239K09/230.37 mi12, Woodhouse Lane, Biddulph, Stoke-on-trent, Staffordshire ST8 7DP3
£275K12/230.37 mi185, Congleton Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6QW3

Local Rents

16 rents from £725/mo to £1.1K/mo, average is £860/mo.

RentDateDistanceAddressBeds 
£1,10009/240.17 miCongleton Road, Biddulph, Staffordshire3
£1,15001/250.22 mi-3
£85009/240.25 mi-3
£99504/250.25 mi-3
£75012/240.26 mi-3
£85003/250.26 mi-3
£77509/240.43 miCambridge Close, Gillow Heath3
£89502/240.44 mi-3
£1,07011/240.44 mi-3
£72510/240.45 mi-3
£75009/240.48 mi-3
£75009/240.48 mi-3
£87009/240.49 mi-3
£95009/240.51 miWhetstone Road, Gillow Heath, Stoke-On-Trent3
£1,07504/250.54 mi-3
£79509/240.55 mi-3

Local Area Statistics

Population in ST8

20,197

Population in Stoke-on-Trent

347,755

Town centre distance

5.54 miles away

Nearest school

0.40 miles away

Nearest train station

2.79 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £220,000

September 11, 2024

Floor Plans

Description

3 Bedrooms. Link Detached family home enjoying a pleasant elevated position, conveniently located within easy walking distance of all town centre amenities and local countryside walks. Some selective modernisation required and offered for sale with no upward chain! Viewing is recommended to see this full potential of this lovely home.

Entrance hall with stairs to the first floor landing, ground floor wc, L- Shaped fitted kitchen, large living/dining room to the rear elevation, first floor landing, three generous bedrooms and family bathroom to the first floor. Gas central heating system and upvc double glazing.

Externally the property benefits from off road parking to the front providing easy access to the single garage at the side elevation.  Established gardens to the front and rear elevations with great views!

Agent Details

Priory Property Services, Biddulph

01782 493695

Next Steps?

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