2 Bed Bungalow, Refurb/BRRR, Stoke-on-Trent, ST8 7PQ, £199,950

Havelock Grove, Biddulph, ST8 7PQ - 1 views - 7 months ago

Under Offer
Refurb/BRRR
ROI: 2%
~68 m²
+14 photos

ValuationOvervalued

Sold Prices£70K - £205K
Sold Prices/m²£896/m² - £3.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£118,232

 

 

End Value (After Refurb)

£182,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£49,988

Stamp Duty & Legal Fees

£11,198

Refurb Costs

£28,969

Bridging Loan Interest

£5,249

Total Cash In

£97,152

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£182,500

Mortgage (After Refinance)

£136,875

Mortgage LTV

75%

Cash Left In

£97,152

Equity

£45,625

Rent Range

£600 - £3,100

Rent Estimate

£922

Running Costs/mo

£775

Cashflow/mo

£147

Cashflow/yr

£1,767

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £70K to £205K, average is £125.6K. £896/m² to £3.2K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£185K11/220.04 mi14, Bellringer Close, Biddulph, Stoke-on-trent, Staffordshire ST8 7PH2
£180K10/220.04 mi20, Bellringer Close, Biddulph, Stoke-on-trent, Staffordshire ST8 7PH2
£140K06/210.05 mi94, Tunstall Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6HH2
£176K08/230.05 mi3, Diamond Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6JP2
£125K06/210.06 mi1, Lorena Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6FD2
£117K07/210.07 mi8, Lorena Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6FD2
£125K05/210.07 mi11, Lorena Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6FD2
£77K02/210.07 mi51, Tunstall Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6HJ2
£130K11/210.07 mi45, Tunstall Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6HJ2
£70K11/200.07 mi11, Tunstall Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6HJ2
£120K06/230.07 mi41, Tunstall Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6HJ2
£140K08/230.08 mi55, Tunstall Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6HJ2
£156.5K02/230.08 mi12, Hams Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6PR2
£125K08/210.08 mi134, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HW2
£108K12/200.08 mi130a, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HW2
£125K03/230.08 mi130b, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HW2
£135.3K12/200.1 mi157, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HP2
£130K07/210.1 mi161, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HP2
£140K03/230.1 mi8, Hams Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6PR2
£148K11/230.1 mi10, Hams Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6PR2
£80K05/230.12 mi11, West Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HL2
£125K03/240.12 mi19, West Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HL2
£171K12/220.12 mi96, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HW2
£90K11/200.16 mi110, Tunstall Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6HN2
£105K12/220.16 mi34, Well Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HS2
£135K09/230.17 mi52, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6AT2
£106.5K02/230.17 mi86, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6AT2
£122.5K11/230.19 mi2, Stanley Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6AX2
£135K01/230.19 mi73, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6AU2
£85K08/230.19 mi17, Shepherd Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HZ2
£136K08/230.19 mi9, Shepherd Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HZ2
£118K02/230.19 mi12, South View, Biddulph, Stoke-on-trent, Staffordshire ST8 6AF2
£128K06/210.19 mi46, Well Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HX2
£150K11/230.19 mi33, Well Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HX2
£125K12/220.19 mi46, Well Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HX2
£165.2K11/230.23 mi18, Charles Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6JB2
£135K07/210.23 mi27, Charles Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6JB2
£135.5K08/230.27 mi3, Douglas Avenue, Biddulph, Stoke-on-trent, Staffordshire ST8 6JQ2
£130K10/230.27 mi2, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6BB2
£116K10/220.27 mi31, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6BB2
£159.9K01/210.28 mi33, Kingsfield Road, Biddulph, Stoke-on-trent ST8 6DN2
£205K04/240.28 mi33, Kingsfield Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6DN2
£120K04/210.29 mi14, Station Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6BJ2
£140K08/230.3 mi14, Station Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6BJ2
£126.2K11/220.31 mi18, Cross Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6BD2
£124K06/230.32 mi6, Albert Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6DU2
£86K02/210.32 mi53, Craigside, Biddulph, Stoke-on-trent, Staffordshire ST8 6BP2
£112.5K07/210.32 mi63, Craigside, Biddulph, Stoke-on-trent, Staffordshire ST8 6BP2
£120.1K11/200.32 mi32, Albert Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6DU2
£115K05/230.33 mi45, Station Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6BL2

Local Rents

12 rents from £600/mo to £3.1K/mo, average is £748/mo.

RentDateDistanceAddressBeds 
£65009/240.11 miTunstall Road, Biddulph, Stoke-On-Trent2
£79509/240.11 mi-2
£84508/240.11 mi-2
£3,10009/240.11 mi-2
£82512/240.16 mi-2
£67509/240.28 miHigh Street, ST82
£70009/240.29 miLovit View, High Street, ST82
£60009/240.34 mi-2
£60006/240.41 mi-2
£82512/240.49 mi-2
£65009/240.52 mi-2
£79503/250.52 mi-2

Local Area Statistics

Population in ST8

20,197

Population in Stoke-on-Trent

347,755

Town centre distance

5.14 miles away

Nearest school

0.30 miles away

Nearest train station

3.09 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £199,950

September 19, 2024

Floor Plans

Description

2 Bedrooms. Detached true bungalow occupying a generous corner of a quiet cul-de-sac and conveniently located within easy walking distance of all town centre amenities. This lovely bungalow would benefit from selective modernisation throughout and is offered for sale with no upward chain!

Accommodation comprising of: uPVC double glazed door allowing access into the entrance porch with easy access into the entrance hall with doors to principal rooms. Lounge has a modern fitted carpet. Coved ceiling with ceiling light point, plus wall light points. Coal effect gas fire with marble effect hearth and timber surround. Bay window to the front elevation allowing pleasant views over the front garden and cul-de-sac.

Fitted breakfast kitchen has ample eye and base level units, base units having work surfaces over with tiled splash backs. Plumbing and space for an automatic washing machine. Four ring gas hob with circulator fan above and eye level oven to one side. uPVC double glazed window and door to the rear elevation allowing easy access and pleasant views over the rear garden. Panel radiator.

Shower room has an enclosed shower cubicle. Modern fitted vanity unit with sink unit, concealed cistern and useful work surface above. Tiled walls. Frosted window. Two bedrooms - master bedroom to the rear elevation has fitted wardrobes with drawers and cupboard space. Vanity unit to the centre with mirror.  Pleasant views over the rear garden.  Bedroom two to the front elevation has coved ceiling with ceiling light point. Bedroom two houses the wall mounted Worcester gas central heating boiler.   

Externally the property is situated on a substantial plot with generous gardens. The property is approached via a block paved driveway leading to a carport and detached garage to the rear, plus gated access to the rear garden.  Low maintenance area to the front with feature low level railings and further mature trees and shrubs.  Generous patio to the rear with easy access into the breakfast kitchen.  Patio leads up to a very generous lawned garden with mature trees and shrubs.  

Garage has electric roller door to the front elevation.  Door to the side elevation allows easy access from the rear garden.  

Viewing is highly recommended to fully appreciate all this detached bungalow has to offer and having a fantastic location close to all local amenities.

Agent Details

Priory Property Services, Biddulph

01782 493695

Next Steps?

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