2 Bed Flat, Single Let, Stoke-on-Trent, ST6 4HT, £60,000

Federation Road, Stoke-on-trent, ST6 4HT - 3 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 15%
~54 m²
+10 photos

ValuationUndervalued

Sold Prices£42K - £165K
Sold Prices/m²£584/m² - £3.6K/m²

 

 

Square Metres

~53.70 m²
Price/m²£1.1K/m²

Value Estimate

£74,801
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£19,200

 

 

Cash Out

 

Rent Range

£425 - £850

Rent Estimate

£550

Running Costs/mo

£318

Cashflow/mo

£233

Cashflow/yr

£2,790

ROI

15%

Gross Yield

11%

Local Sold Prices

50 sold prices from £42K to £165K, average is £83.5K. £584/m² to £3.6K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£50K08/220 miApartment 43, Manchester Court, Federation Road, Stoke-on-trent ST6 4HT2
£58.5K08/220 miApartment 1, Manchester Court, Federation Road, Stoke-on-trent ST6 4HT2
£66K08/230 miApartment 55, Manchester Court, Federation Road, Stoke-on-trent ST6 4HT2
£58K02/230 miApartment 29, Manchester Court, Federation Road, Stoke-on-trent ST6 4HT2
£60K09/230.05 miApartment 54, Lancashire Court, Federation Road, Stoke-on-trent ST6 4HX2
£78K05/230.14 miApartment 2, Leigh Court, Greenhead Street, Stoke-on-trent ST6 4GP2
£67K04/210.17 mi5, Galileo Court, Stoke-on-trent ST6 4AJ2
£50K11/200.41 miFlat 43, Arthur Cotton Court, Hamil Road, Stoke-on-trent ST6 1DB2
£50K11/200.41 miFlat 43, Arthur Cotton Court, Hamil Road, Stoke-on-trent ST6 1DB2
£50K09/210.53 mi133, Haywood Road, Stoke-on-trent ST6 7AR2
£85K04/220.57 mi195, Hamil Road, Stoke-on-trent ST6 1AP2
£75K12/220.75 miApartment 15, Wessex Court, Sunny Bank, Stoke-on-trent ST6 3ND2
£65K08/210.78 miApartment 19, Tudor Court, Sunny Bank, Stoke-on-trent ST6 3NW2
£66.8K02/210.78 miApartment 17, Tudor Court, Sunny Bank, Stoke-on-trent ST6 3NW2
£70.7K09/230.81 miApartment 17, Windsor Court, Sunny Bank, Stoke-on-trent ST6 3NZ2
£83K08/221.04 miFlat 12, Rhodes Court, Second Avenue, Newcastle, Staffordshire ST5 8RD2
£94.5K11/221.11 miFlat 33, The Mount St Georges, Second Avenue, Newcastle, Staffordshire ST5 8RB2
£97.5K08/221.17 miFlat 19, Faulds Court, James Street, Newcastle, Staffordshire ST5 0FA2
£55K03/211.19 mi44, Bond Street, Stoke-on-trent ST6 5HF2
£85.5K02/231.19 mi54a, Riceyman Road, Newcastle, Staffordshire ST5 8LG2
£91.5K08/221.2 mi58, Riceyman Road, Newcastle, Staffordshire ST5 8LG2
£85K10/211.25 miFlat 5, Celebration Court, Skellern Avenue, Stoke-on-trent ST6 7RA2
£62.5K11/201.27 mi55, Wedgwood Street, Wolstanton, Newcastle, Staffordshire ST5 0HW2
£75.6K02/241.27 mi61, Wedgwood Street, Wolstanton, Newcastle, Staffordshire ST5 0HW2
£160K11/221.28 miApartment 17, Adlington House, High Street, Wolstanton, Newcastle, Staffordshire ST5 0HZ2
£138.5K05/231.28 miApartment 27, Adlington House, High Street, Wolstanton, Newcastle, Staffordshire ST5 0HZ2
£42K04/231.38 mi33, Stansgate Place, Stoke-on-trent ST1 5DS2
£105K04/231.42 miFlat 16, Portland Mews, Garnett Road West, Newcastle, Staffordshire ST5 8SD2
£52K01/211.6 mi15a, Alexandra Road, Newcastle, Staffordshire ST5 9PQ2
£86K05/211.66 miApartment 29, Ravensbourne Court, Burtree Drive, Stoke-on-trent ST6 8FF2
£84K06/221.66 miApartment 14, Ravensbourne Court, Burtree Drive, Stoke-on-trent ST6 8FF2
£90K07/221.66 miApartment 13, Ravensbourne Court, Burtree Drive, Stoke-on-trent ST6 8FF2
£93K07/221.67 miApartment 11, Ravensbourne Court, Burtree Drive, Stoke-on-trent ST6 8FF2
£165K10/211.7 mi81, Zodiac Drive, Stoke-on-trent ST6 6NJ2
£85K06/221.73 mi50, Blithfield Way, Stoke-on-trent ST6 8GS2
£71K03/211.75 mi63, Chillington Way, Stoke-on-trent ST6 8GJ2
£74.5K04/211.75 mi65, Chillington Way, Stoke-on-trent ST6 8GJ2
£74.5K04/221.75 mi65, Chillington Way, Stoke-on-trent ST6 8GJ2
£98K10/231.77 miApartment 2, Ash House, Birches Rise, Stoke-on-trent ST1 2JR2
£77.5K03/211.77 mi51, Moorefields View, Stoke-on-trent ST6 8GU2
£96K07/221.78 mi33, Moorefields View, Stoke-on-trent ST6 8GU2
£85K12/201.89 miApartment 8, Etruria Court, Humbert Road, Stoke-on-trent ST1 5PW2
£93K12/221.89 miApartment 33, Etruria Court, Humbert Road, Stoke-on-trent ST1 5PW2
£95K09/211.9 mi21, Chasewater Drive, Stoke-on-trent ST6 8GH2
£88K11/201.91 mi32, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£80K11/211.91 mi7, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£88K11/201.91 mi32, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£90K02/211.91 mi14, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£90K10/211.91 mi22, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£106K06/231.91 mi18, Hayeswood Grove, Stoke-on-trent ST6 8GG2

Local Rents

28 rents from £425/mo to £850/mo, average is £663/mo.

RentDateDistanceAddressBeds 
£50009/240 miManchester Court, Burslem, Stoke On Trent, ST62
£59509/240 miFederation Road, Burslem, Stoke-on-Trent, ST62
£62502/250.15 mi-2
£80003/250.16 mi-2
£75004/250.16 mi-2
£85012/240.17 mi-2
£80001/250.17 mi-2
£85012/240.17 mi-2
£85004/250.17 mi-2
£55012/240.19 mi-2
£59512/240.21 mi-2
£59512/240.21 mi-2
£75002/250.22 mi-2
£55002/240.23 mi-2
£85012/240.24 mi-2
£59512/240.25 mi-2
£67509/240.25 mi-2
£67509/240.25 miMountford Street, Stoke-On-Trent, ST62
£65001/250.26 mi-2
£80002/250.3 mi-2
£60009/240.49 miMorton Street, Middleport2
£75012/240.49 mi-2
£52509/240.5 mi-2
£55001/250.51 mi-2
£73904/250.51 mi-2
£79509/240.53 miLorne Street, Burslem, Stoke-On-Trent2
£60012/240.58 mi-2
£42509/240.61 miKing William Street; Tunstall; ST62

Local Area Statistics

Population in ST6

64,608

Population in Stoke-on-Trent

347,755

Town centre distance

1.85 miles away

Nearest school

0.10 miles away

Nearest train station

0.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Price changed to £60,000

January 15, 2025

Listed for £65,000

September 26, 2024

Floor Plans

Description

  • Buyer Fees Apply +
  • Being Sold By GOTO Reservation Fee Process +
  • TWO BEDROOM APARTMENT +
  • IDEAL RENTAL INVESTMENT +
  • POTENTIAL RENTAL INCOME £550 PCM +
  • CLOSE TO TOWN CENTRE SHOPS +
  • SPACIOUS FAMILY BATHROOM +
  • NO UPWARD CHAIN +
  • OPEN PLAN KITCHEN / LOUNGE & JULIET BALCONY +
  • ALLOCATED PARKING +

The Property
Apartment 27 at Manchester Court is situated in Burslem Stoke On Trent - the home of of so many characterful buildings and with so much local history.

The residence is superb and very modern with the potential to acquire many of the furnishings that you see in the marketing advert - which will be ideal for anyone buying their first home or for anyone buying for rental investment.

The property itself briefly comprises of secured entrance with intercom. The apartment has entrance hallway, with ample storage unit that accommodates the washing machine and tumble dryer. The layout is spacious with open plan kitchen area and a lounge that overlooks the embankment with trees and pleasant outlook.

There are two double bedrooms and a large family bathroom with separate shower and bath, WC and hand basin .

THE PROPERTY HAS STORAGE HEATERS INTERNALLY OFFERING AMPLE HEATING AND COST EFFECTIVE BILLING

Externally the property has an allocated parking space and secured carpark.

The area offers many amenities all accessible on foot and there are many bars and eateries ideal for socialising. The location has a bus route that takes passengers across Stoke on Trent ,Newcastle Under Lyme and towards Hanley, Royal Stoke University Hospital and the train station.

PLEASE BOOK YOUR VIEWING VIA OUR RIGHTMOVE ADVERT

Property Ownership Information
Tenure: Leasehold Lease info: 250 years from 1 January 2006

Material information:
The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.

Property Description
This property is offered for sale using the Reservation fee process. Reservation fee is a new, innovative and pioneering process for buying and selling property. It significantly reduces the risk of gazumping or double-selling by offering security to both parties by gaining a commitment from both parties to buy and sell. When an offer is accepted, the buyer will be required to make payment of a non-refundable Reservation Fee of £2,100 including VAT (in addition to the final negotiated selling price). This will secure the transaction and the property will be taken off the market. The purchaser will not be exchanging contracts but will be given 90 working days in which to complete the transaction, from the date the Draft Contract is received by the buyer’s solicitor (or 10 working days after receipt of the Reservation Fee, whichever is earlier).

The buyer will also be required to pay a legal pack fee of £372 including VAT and to sign the Reservation Form and agree the Terms and Conditions prior to solicitors being instructed. If you require a copy of these documents, or for further information, please contact the Reservation Fee team at GOTO Group.

Buyer Fees
• The Reservation fee and legal pack fee are in addition to the final negotiated selling price.
• Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 01/01/2099

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?

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