2 Bed Semi-Detached House, Refurb/BRRR, Stoke-on-Trent, ST8 6QD, £119,950

60, Mow Lane, Gillow Heath, Staffordshire, ST8 6QD - 1 views - 7 months ago

Refurb/BRRR
ROI: 4%
~67 m²
+6 photos

ValuationFair Value

Sold Prices£63K - £655K
Sold Prices/m²£896/m² - £5.2K/m²

 

 

Square Metres

~66.66 m²
Price/m²£1.8K/m²

Value Estimate

£119,950

 

 

End Value (After Refurb)

£149,137

Uplift in Value

+24%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£29,988

Stamp Duty & Legal Fees

£7,198

Refurb Costs

£28,352

Bridging Loan Interest

£3,149

Total Cash In

£70,435

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£149,137

Mortgage (After Refinance)

£111,853

Mortgage LTV

75%

Cash Released

£21,890

Cash Left In

£48,545

Equity

£37,284

Rent Range

£600 - £3,100

Rent Estimate

£904

Running Costs/mo

£667

Cashflow/mo

£237

Cashflow/yr

£2,846

ROI

4%

Gross Yield

9%

Local Sold Prices

50 sold prices from £63K to £655K, average is £169K. £896/m² to £5.2K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£205K12/200.04 mi69, Mow Lane, Gillow Heath, Stoke-on-trent, Staffordshire ST8 6QB2
£120K05/210.13 mi5, Marshfield Lane, Gillow Heath, Stoke-on-trent, Staffordshire ST8 6RG2
£199.5K01/230.14 mi11, Nursery Drive, Gillow Heath, Stoke-on-trent, Staffordshire ST8 6RE2
£194.9K01/210.14 mi10, Nursery Drive, Gillow Heath, Stoke-on-trent, Staffordshire ST8 6RE2
£226K07/230.17 mi3, Sandsdown Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6DA2
£157K01/210.18 mi18, York Close, Gillow Heath, Stoke-on-trent, Staffordshire ST8 6SE2
£160K09/210.2 mi128, Mow Lane, Gillow Heath, Stoke-on-trent, Staffordshire ST8 6RJ2
£150K09/230.2 mi122, Mow Lane, Gillow Heath, Stoke-on-trent, Staffordshire ST8 6RJ2
£128K12/200.2 mi122, Mow Lane, Gillow Heath, Stoke-on-trent, Staffordshire ST8 6RJ2
£170K10/200.25 mi1, Marsh Grove, Gillow Heath, Stoke-on-trent, Staffordshire ST8 6RB2
£230K12/230.28 mi1, Bowmere Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6UD2
£190K06/210.28 mi1, Bowmere Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6UD2
£239.9K08/230.29 mi1, Chelsea Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6UA2
£147K09/230.29 mi55, Station Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6BT2
£183K07/230.33 mi28, Portland Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 6RY2
£145K03/210.33 mi10, Portland Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 6RY2
£115K11/200.35 mi7, Briarswood, Biddulph, Stoke-on-trent, Staffordshire ST8 6BW2
£655K08/230.42 miThe Bungalow, Marsh Green Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6QP2
£215K12/220.44 mi4, Ox Hey Crescent, Biddulph, Stoke-on-trent, Staffordshire ST8 7EY2
£240K09/230.44 mi1, Ox Hey Crescent, Biddulph, Stoke-on-trent, Staffordshire ST8 7EY2
£190K12/200.44 mi3, Ox Hey Crescent, Biddulph, Stoke-on-trent, Staffordshire ST8 7EY2
£185K09/230.45 mi13, Smithy Lane, Biddulph, Stoke-on-trent, Staffordshire ST8 7EW2
£63K06/210.46 mi4, Cromwell Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6ED2
£200K12/200.46 mi24, Smithy Lane, Biddulph, Stoke-on-trent, Staffordshire ST8 7EW2
£182K09/230.46 mi81, Congleton Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6EF2
£137K04/210.46 mi83, Congleton Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6EF2
£86K02/210.46 mi53, Craigside, Biddulph, Stoke-on-trent, Staffordshire ST8 6BP2
£112.5K07/210.46 mi63, Craigside, Biddulph, Stoke-on-trent, Staffordshire ST8 6BP2
£115K05/230.47 mi45, Station Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6BL2
£220K10/220.48 mi2, Dart Close, Biddulph, Stoke-on-trent, Staffordshire ST8 7HG2
£225K01/240.48 mi1, Medway Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7HA2
£172K05/210.48 mi17, Dart Close, Biddulph, Stoke-on-trent, Staffordshire ST8 7HG2
£162.8K09/230.48 mi74, Congleton Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6EG2
£110K11/210.48 mi70a, Congleton Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6EG2
£235K11/230.49 mi36, Ox Hey Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7EX2
£116K11/200.49 mi36, Ox Hey Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7EX2
£178K09/210.49 mi51, Ox Hey Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7EU2
£126.2K11/220.5 mi18, Cross Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6BD2
£140K08/230.5 mi14, Station Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6BJ2
£185K11/220.51 mi2, Lawton Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6EQ2
£120K04/210.52 mi14, Station Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6BJ2
£203K08/230.57 mi6, Dee Close, Biddulph, Stoke-on-trent, Staffordshire ST8 7HB2
£168K02/230.57 mi7, Lawton Crescent, Biddulph, Stoke-on-trent, Staffordshire ST8 6EH2
£116K10/220.58 mi31, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6BB2
£130K10/230.59 mi2, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6BB2
£70K01/210.59 mi9, Lucerne Road, Biddulph, Stoke-on-trent, Staffordshire ST8 7FG2
£120.1K11/200.6 mi32, Albert Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6DU2
£124K06/230.6 mi6, Albert Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6DU2
£185K10/210.6 mi10, Dane Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7HN2
£174K03/210.6 mi7, Dane Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7HN2

Local Rents

13 rents from £600/mo to £3.1K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£69512/240.12 mi-2
£82512/240.48 mi-2
£60009/240.5 mi-2
£70009/240.54 miLovit View, High Street, ST82
£67509/240.55 miHigh Street, ST82
£60006/240.68 mi-2
£82512/240.75 mi-2
£65009/240.88 miTunstall Road, Biddulph, Stoke-On-Trent2
£79509/240.88 mi-2
£84508/240.88 mi-2
£3,10009/240.88 mi-2
£65009/240.92 mi-2
£79503/250.92 mi-2

Local Area Statistics

Population in ST8

20,197

Population in Stoke-on-Trent

347,755

Town centre distance

5.91 miles away

Nearest school

0.60 miles away

Nearest train station

2.34 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Price changed to £119,950

April 1, 2025

Listed for £129,950

September 18, 2024

Floor Plans

Description

  • Semi-Detached Cottage +
  • Two Bedrooms +
  • Delightful Semi-Rural Location +
  • In Need Of Modernisation & Improvement +
  • No upward chain +
  • Close To Amenities +
  • Front & Rear Gardens +

* Bury & Hilton are delighted to offer For Sale this two bedroom semi detached cottage located in the delightful semi-rural location of Gillow Heath.
* The property benefits from double glazing and although requiring updating and modernisation throughout, the property offers a blank canvas for improvement works.
* The main internal accommodation briefly comprises: Living Room, Kitchen, Inner Hall and Bathroom to the ground floor. Landing Area and Two Bedrooms to the first floor.
* Garden areas to both front and rear aspects with the rear offering some considerable privacy.
* The property has an abundance of pleasant countryside walks close by including the Biddulph Grange National Trust Property as well as the National Cycle network route 55/bridle path close by.
* Amenities are situated close by and easy access can be gained to the towns of Congleton & Biddulph.
* This well located property is offered For Sale with No Upward Chain involved.

Living Room - 3.91m x 3.43m (12'9" x 11'3") - Radiator. Gas fire.

Kitchen - 3.05m x 3.45m (10'0" x 11'3") - Base storage units. Stainless steel sink unit with drainer. Plumbing point. Stairs off. Radiator. Access to cellar.

Bathroom - 2.57m x 1.75m (8'5" x 5'8") - Bath. W.c. Wash basin. Radiator. Tiled walls.

Bedroom - 3.86m x 3.43m (12'7" x 11'3") - Radiator.

Bedroom - 3.43m x 3.05m (11'3" x 10'0") - Radiator. Loft access.

Outside - Front and rear garden areas.

Viewng - By prior appointment via the Agents office

Tenure And Possession - The property is sold freehold with vacant possession granted upon completion.

Fixtures And Fittings - Only those fixtures and fittings referred to in the sale particulars are included in the purchase price. Bury & Hilton have not tested any equipment, fixtures, fittings or services and no guarantee is given that they are in good working order.

Method Of Sale - The property is offered for sale by private treaty.

Mobile Network Coverage - Prospective purchasers are encouraged to consult the Ofcom website ( to obtain an estimate of the signal strength for this specific location.

Agent Details

Bury & Hilton, Leek

01538 712525

Next Steps?

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