3 Bed Semi-Detached House, Refurb/BRRR, Stoke-on-Trent, ST3 2BY, £120,000

Meaford Drive, Stoke-On-Trent, ST3 2BY - 42 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 9%
~93 m²
+8 photos

ValuationFair Value

Sold Prices£90K - £260K
Sold Prices/m²£909/m² - £3.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£120,000

 

 

End Value (After Refurb)

£182,679

Uplift in Value

+52%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Refurb Costs

£38,000

Bridging Loan Interest

£3,150

Total Cash In

£77,700

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£182,679

Agent Fees (1%)

£1,827

Bridging Loan

£90,000

Bridging Loan Interest

£3,150

Flip Profit

£13,152

Local Sold Prices

47 sold prices from £90K to £260K, average is £155K. £909/m² to £3.7K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£172.5K07/230.05 mi9, Meaford Drive, Stoke-on-trent ST3 2BY3
£90K07/210.06 mi9, Seedfields Road, Stoke-on-trent ST3 2BZ3
£136.5K09/230.07 mi51, Hollybush Road, Stoke-on-trent ST3 2AY3
£120K03/210.08 mi4, Cherry Grove, Stoke-on-trent ST3 2AS3
£180K06/230.08 mi15, Cherry Grove, Stoke-on-trent ST3 2AS3
£150K05/230.09 mi58, Meaford Drive, Stoke-on-trent ST3 2BB3
£155K03/230.14 mi67, Cemlyn Avenue, Stoke-on-trent ST3 2BL3
£130K09/210.14 mi80, Central Drive, Stoke-on-trent ST3 2AP3
£141K10/230.15 mi31, Laburnum Grove, Stoke-on-trent ST3 2AX3
£155K02/230.16 mi25, Greenway, Longton, Stoke-on-trent ST3 2AW3
£150K01/210.17 mi8, Highfield Drive, Stoke-on-trent ST3 2BU3
£153K12/200.17 mi21, Highfield Drive, Stoke-on-trent ST3 2BU3
£135K04/230.18 mi10, Greenway, Longton, Stoke-on-trent ST3 2AW3
£180K07/210.2 mi24, Kenelyn Crescent, Stoke-on-trent ST3 2DD3
£169.9K03/210.2 mi17, Roundway, Stoke-on-trent ST3 2BH3
£173K08/240.21 mi96, Meaford Drive, Stoke-on-trent ST3 2BG3
£156.5K02/240.22 mi109, Central Drive, Stoke-on-trent ST3 2AJ3
£195K03/240.24 mi22, Willow Grove, Stoke-on-trent ST3 2AD3
£260K05/240.24 mi5, The Orchards, Stoke-on-trent ST3 2TJ3
£125K12/200.27 mi14, Bailey Road, Stoke-on-trent ST3 2DJ3
£100K05/210.28 mi77, Brookside Drive, Stoke-on-trent ST3 2BW3
£170K11/210.28 mi234, Blurton Road, Stoke-on-trent ST3 2AQ3
£169.9K06/210.29 mi67, Bailey Road, Stoke-on-trent ST3 2DL3
£150K05/210.3 mi74, Little Cliffe Road, Stoke-on-trent ST3 2DN3
£160K04/210.33 mi26, Park View Close, Stoke-on-trent ST3 2BF3
£148K10/200.33 mi25, Park View Close, Stoke-on-trent ST3 2BF3
£144K07/240.39 mi28, Blurton Road, Stoke-on-trent ST4 3BH3
£139K08/230.43 mi11, Grove Avenue, Stoke-on-trent ST4 3BA3
£160K11/200.44 mi84, Poplar Drive, Stoke-on-trent ST3 3AZ3
£125.5K11/210.45 mi133, Lundy Road, Stoke-on-trent ST3 2EF3
£192K04/230.45 mi111, Lundy Road, Stoke-on-trent ST3 2EF3
£165K11/210.46 mi307, Blurton Road, Stoke-on-trent ST3 3AY3
£112.3K02/230.46 mi54, Duke Street, Stoke-on-trent ST4 3BL3
£195K03/230.47 mi31, Beech Tree Grove, Stoke-on-trent ST4 3FD3
£180K06/230.47 mi27, Beech Tree Grove, Stoke-on-trent ST4 3FD3
£150K04/210.48 mi17, Willow Tree Grove, Stoke-on-trent ST4 3BF3
£226.5K01/230.48 mi29, Willow Tree Grove, Stoke-on-trent ST4 3BF3
£225K06/210.48 mi18, Conifer Grove, Stoke-on-trent ST3 2EN3
£227K03/240.49 mi35, Foster Court, Stoke-on-trent ST3 2HF3
£125K06/230.49 mi66, Heron Street, Stoke-on-trent ST4 3AS3
£130K07/210.49 mi56, Heron Street, Stoke-on-trent ST4 3AS3
£105.5K09/210.49 mi62, Heron Street, Stoke-on-trent ST4 3AS3
£107.5K07/230.51 mi15, Hines Street, Stoke-on-trent ST4 3AT3
£237K11/220.53 mi2, Smallwood Close, Stoke-on-trent ST4 3FE3
£165K01/210.54 mi189, Grove Road, Stoke-on-trent ST4 4LF3
£147.5K02/210.57 mi9, Browning Road, Stoke-on-trent ST3 4BZ3
£160K10/210.57 mi15, Pine Road, Stoke-on-trent ST4 4JZ3

Local Rents

50 rents from £390/mo to £3.3K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,13503/250.18 mi-3
£1,10009/240.4 miGrove Avenue, Heron Cross, Stoke on Trent ST43
£85009/240.46 mi297 Blurton Road, Blurton3
£99511/230.46 mi-3
£95003/250.46 mi-3
£1,10002/250.46 mi-3
£95003/250.46 mi-3
£1,00002/250.59 mi-3
£90009/240.7 miLongton Hall Road, Stoke-on-Trent, Staffordshire, ST33
£95008/240.72 mi-3
£72509/240.73 miSmithpool Road, Stoke on Trent, ST43
£90012/240.74 mi-3
£95003/250.74 mi-3
£72003/250.76 mi-3
£89503/250.78 mi-3
£99503/250.8 mi-3
£85010/240.81 mi-3
£69512/240.82 mi-3
£1,00009/240.87 mi-3
£90008/240.87 mi-3
£90001/250.87 mi-3
£1,40004/240.87 mi-3
£82501/250.93 mi-3
£85002/250.93 mi-3
£79509/240.94 miWarrington Street, Fenton, ST43
£72511/240.96 mi-3
£70009/240.96 miDundee Street, Goms Mill, Stoke-on-Trent3
£1,25002/250.97 mi-3
£87512/240.98 mi-3
£1,90009/240.99 mi-3
£3,31002/241 mi-3
£3,31002/241 mi-3
£3,31009/241 mi-3
£3,31012/241 mi-3
£3,31012/241 mi-3
£3,31003/251 mi-3
£1,15008/241.01 mi-3
£1,80009/241.01 mi-3
£1,80009/241.01 mi-3
£1,65009/241.01 mi-3
£1,70009/241.01 mi-3
£1,70009/241.01 mi-3
£92503/251.02 mi-3
£1,70012/241.02 mi-3
£1,65001/251.02 mi-3
£39009/241.09 miWindsmoor Street, Stoke-On-Trent, ST43
£39009/241.09 miWindsmoor Street, Stoke-On-Trent, ST43
£99509/231.1 mi-3
£2,82012/241.15 mi-3
£2,82012/241.15 mi-3

Local Area Statistics

Population in ST3

67,688

Population in Stoke-on-Trent

347,755

Town centre distance

3.73 miles away

Nearest school

0.30 miles away

Nearest train station

1.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £120,000

September 20, 2024

Floor Plans

Description

  • SEMI DETACHED +
  • THREE BEDROOMS +
  • DOUBLE GLAZING +
  • OFF ROAD PARKING +
  • GREAT POTENTIAL +
  • NO CHAIN +
  • IN NEED OF SOME MODERNISATION +

This spacious three bedroom semi detached property is located on a popular estate, offering great potential for those looking to add their personal touch. In need of some TLC, the house provides a fantastic opportunity to create a stylish and comfortable family home.
Upon entering, you are welcomed into a generously sized lounge, perfect for relaxing with the family. Adjacent to the lounge is a dining room/second reception, ideal for hosting family meals or entertaining guests. The kitchen offers ample space and scope for modern upgrades to suit your taste.
Adjacent to the kitchen is a covered walk through from front to back housing three brick storage sheds, perfect to be turned into a utility area.
The property also benefits from a convenient wet room on the first floor, easily transformed if a bath is preferred.
Upstairs, you will also find three good-sized bedrooms, each offering plenty of space for beds, wardrobes, and additional furnishings. These versatile rooms can be transformed into cosy retreats or used as a home office or nursery, depending on your needs.
Outside, the property features a garden that offers plenty of potential for landscaping or creating an outdoor entertainment space, with the bonus of off road parking and a manageable garden to the front.
With some renovation and modernisation, this property could become a fantastic family home.

Don’t miss the opportunity to put your stamp on this well-located property!
No Chain!
Please call the Longton branch.

Agent Details

Butters John Bee, Longton

01782 493449

Next Steps?

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