2 Bed Semi-Detached House, Refurb/BRRR, Stoke-on-Trent, ST6 1QZ, £180,000

Luscian Ware Close, Stoke-on-trent, ST6 1QZ - 4 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~68 m²
+13 photos

ValuationOvervalued

Sold Prices£38K - £180K
Sold Prices/m²£494/m² - £1.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£76,625

 

 

End Value (After Refurb)

£126,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£27,600

Bridging Loan Interest

£4,725

Total Cash In

£85,675

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£126,250

Mortgage (After Refinance)

£94,688

Mortgage LTV

75%

Cash Left In

£85,675

Equity

£31,563

Rent Range

£500 - £950

Rent Estimate

£673

Running Costs/mo

£549

Cashflow/mo

£124

Cashflow/yr

£1,486

ROI

2%

Gross Yield

4%

Local Sold Prices

50 sold prices from £38K to £180K, average is £87K. £494/m² to £1.9K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£82K08/230.16 mi184, Moorland Road, Burslem, Stoke-on-trent ST6 1EB2
£65K05/230.18 mi29, Nicholas Street, Stoke-on-trent ST6 1AA2
£65K02/230.22 mi177, Hamil Road, Stoke-on-trent ST6 1AP2
£50K03/210.22 mi69, Price Street, Stoke-on-trent ST6 4EN2
£80K03/230.25 mi17, Glendale Street, Stoke-on-trent ST6 2EP2
£66K11/210.28 mi102, Nile Street, Stoke-on-trent ST6 2BH2
£61K08/210.31 mi14, Bowden Street, Stoke-on-trent ST6 1EZ2
£81K01/210.31 mi8, Bowden Street, Stoke-on-trent ST6 1EZ2
£97.5K03/210.32 mi44, Bycars Road, Stoke-on-trent ST6 1BY2
£93K08/230.33 mi42, Bowden Street, Stoke-on-trent ST6 1JB2
£49K02/230.34 mi16, Scotia Road, Stoke-on-trent ST6 4EP2
£38K12/200.34 mi21, Broadhurst Street, Stoke-on-trent ST6 1EY2
£75K10/210.35 mi67, May Street, Stoke-on-trent ST6 1JA2
£83K12/200.35 mi43, May Street, Stoke-on-trent ST6 1JA2
£95K03/210.36 mi96, Commercial Street, Stoke-on-trent ST6 3DB2
£55K03/210.37 mi24, Wain Street, Stoke-on-trent ST6 4ES2
£57.5K05/210.38 mi32, Broadhurst Street, Stoke-on-trent ST6 1EX2
£95K03/230.38 mi48, Gordon Street, Stoke-on-trent ST6 1HY2
£61.5K04/210.39 mi8, Stanfield Road, Stoke-on-trent ST6 1AT2
£65K12/200.39 mi58, Davison Street, Stoke-on-trent ST6 2EX2
£113K03/230.4 mi40, Minster Street, Stoke-on-trent ST6 1EW2
£100K06/230.4 mi4, Tellwright Street, Stoke-on-trent ST6 1AX2
£80K12/200.42 mi27, Louise Street, Stoke-on-trent ST6 1AS2
£91.5K02/210.44 mi67, Barnfield Road, Stoke-on-trent ST6 3DG2
£110K05/230.45 mi6, Kelsall Street, Stoke-on-trent ST6 1HL2
£77.8K05/210.45 mi3, Kelsall Street, Stoke-on-trent ST6 1HL2
£94K06/230.45 mi22, Blake Street, Stoke-on-trent ST6 4BE2
£72K06/230.45 mi9, Blake Street, Stoke-on-trent ST6 4BE2
£89K05/210.45 mi27, Kelsall Street, Stoke-on-trent ST6 1HL2
£89K10/210.45 mi113, Leonard Street, Stoke-on-trent ST6 1HJ2
£98.5K08/230.45 mi77, Leonard Street, Stoke-on-trent ST6 1HJ2
£95K04/230.46 mi115, Macclesfield Street, Stoke-on-trent ST6 1HU2
£100K06/230.46 mi135, Macclesfield Street, Stoke-on-trent ST6 1HU2
£70K02/210.48 mi16, Leonard Street, Stoke-on-trent ST6 1HT2
£85K03/230.48 mi58, Leonard Street, Stoke-on-trent ST6 1HT2
£77.5K01/210.48 mi56, Leonard Street, Stoke-on-trent ST6 1HT2
£130K11/200.48 mi118, Leonard Street, Stoke-on-trent ST6 1HH2
£90K11/210.48 mi14, Leigh Street, Stoke-on-trent ST6 1BE2
£100K07/230.48 mi2, Duncalf Street, Stoke-on-trent ST6 3LJ2
£107.5K11/210.49 mi23, Murhall Street, Stoke-on-trent ST6 4BL2
£103K04/230.5 mi287, Hamil Road, Stoke-on-trent ST6 1BD2
£105K12/200.51 mi9, Jean Close, Stoke-on-trent ST6 7BH2
£150K07/230.52 mi44, Shaftesbury Avenue, Stoke-on-trent ST6 1BP2
£68K05/230.52 mi23, Lindley Street, Stoke-on-trent ST6 2DW2
£63K08/210.53 mi79, North Road, Stoke-on-trent ST6 2DN2
£91.5K06/230.55 mi32, Edge Street, Stoke-on-trent ST6 4HJ2
£45K11/210.59 mi141, Haywood Road, Stoke-on-trent ST6 7AR2
£98K12/200.6 mi82, Chatterley Street, Stoke-on-trent ST6 4HL2
£180K09/230.61 mi21, Bluestone Avenue, Stoke-on-trent ST6 7EE2
£156K11/210.61 mi5, The Grove, Stoke-on-trent ST6 1BL2

Local Rents

33 rents from £500/mo to £950/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£80002/250.18 mi-2
£65001/250.22 mi-2
£67509/240.23 mi-2
£67509/240.23 miMountford Street, Stoke-On-Trent, ST62
£55012/240.32 mi-2
£79509/240.32 miLorne Street, Burslem, Stoke-On-Trent2
£55002/240.35 mi-2
£59512/240.35 mi-2
£59512/240.35 mi-2
£55002/240.36 mi-2
£68001/250.37 mi-2
£67509/240.37 miHughes Street Burslem2
£59512/240.37 mi-2
£60012/240.37 mi-2
£70003/250.39 mi-2
£59509/240.39 miJackfield Street, Burslem, Stoke On Trent, Staffordshire, ST62
£66001/250.42 mi-2
£62509/240.43 miWaterloo Road, Stoke-On-Trent, ST62
£69509/240.46 miDartmouth Street, Tunstall, ST62
£95002/250.46 mi-2
£67003/250.46 mi-2
£50009/240.47 miManchester Court, Burslem, Stoke On Trent, ST62
£59509/240.47 miFederation Road, Burslem, Stoke-on-Trent, ST62
£85012/240.49 mi-2
£80001/250.49 mi-2
£85012/240.49 mi-2
£80003/250.49 mi-2
£75003/250.49 mi-2
£79509/240.58 miGrove Street; Hanley; ST62
£85003/250.58 mi-2
£85012/240.59 mi-2
£75002/250.59 mi-2
£62502/250.61 mi-2

Local Area Statistics

Population in ST6

64,608

Population in Stoke-on-Trent

347,755

Town centre distance

1.38 miles away

Nearest school

0.10 miles away

Nearest train station

1.04 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £180,000

September 23, 2024

Floor Plans

Description

  • Modern Semi Detached House +
  • Two Double Bedrooms +
  • No Chain! +
  • Driveway For Two Cars +
  • Downstairs WC +
  • Sought After Location +
  • Beautifully Presented Throughout +
  • Book Viewings 24/7 +

The Property
This beautifully presented, modern home at 17 Luscian Ware Close, Stoke-on-Trent, Staffordshire, offers an excellent opportunity for first-time buyers or those seeking a move-in-ready property. Built around 2022, the house has been meticulously maintained by the current owner, ensuring a fresh and contemporary feel throughout. With no need for any major repairs or renovations, you can settle in and enjoy the home from day one.

Situated just 5-10 minutes from the A500, this property boasts excellent transport links, making it an ideal choice for commuters. Its proximity to key road networks ensures easy access to surrounding areas, while still offering the comfort of a quiet, residential setting.

Upon entering, you’ll find a welcoming entrance hall that leads to a convenient cloakroom/WC. The spacious lounge offers plenty of natural light, creating a cozy yet open atmosphere for relaxation. The heart of the home is the modern open-plan kitchen and dining area, featuring contemporary fittings and ample space for entertaining or family meals.

Upstairs, there are two generously sized double bedrooms, both offering plenty of room for furnishings and storage. The family bathroom is sleek and stylish, fitted with modern fixtures and designed for both functionality and comfort.

Outside, the property continues to impress with a driveway to the side, providing parking for two cars. A secure gate leads to the enclosed rear garden, which is perfect for outdoor entertaining or simply unwinding. The garden features a well-maintained lawn and a patio seating area, all surrounded by a sturdy fenced boundary for added privacy.

Offered with no upward chain, this property is ready for immediate purchase, making it a must-see for those looking for a hassle-free move into a beautifully maintained home!

Please note that there is a £180 pa service charge.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Stoke-on-Trent

020 3909 0326

Next Steps?

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