3 Bed Terraced House, Refurb/BRRR, Stoke-on-Trent, ST8 6DU, £129,950

Albert Street, Biddulph, ST8 6DU - 7 months ago

Under Offer
Refurb/BRRR
ROI: 2%
~93 m²
+15 photos

ValuationFair Value

Sold Prices£93K - £272K
Sold Prices/m²£828/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£129,950

 

 

End Value (After Refurb)

£161,659

Uplift in Value

+24%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,488

Stamp Duty & Legal Fees

£7,698

Refurb Costs

£39,554

Bridging Loan Interest

£3,411

Total Cash In

£84,901

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£161,659

Mortgage (After Refinance)

£121,245

Mortgage LTV

75%

Cash Released

£23,782

Cash Left In

£61,119

Equity

£40,415

Rent Range

£725 - £1,150

Rent Estimate

£878

Running Costs/mo

£701

Cashflow/mo

£177

Cashflow/yr

£2,127

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £93K to £272K, average is £155K. £828/m² to £2.9K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£97.5K06/210.05 mi9, Albert Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6DT3
£152.5K12/230.05 mi29, Albert Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6DT3
£96K10/230.06 mi27, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6BB3
£95K09/210.07 mi20, Congleton Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6DX3
£230K08/230.13 mi39, Fairfax Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6ER3
£185K06/210.13 mi30, Fairfax Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6ER3
£189.5K11/220.13 mi45, Fairfax Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6ER3
£202K07/230.14 mi31, Kingsfield Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6DN3
£175K08/210.14 mi20, Lawton Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6EQ3
£156K12/200.14 mi12, Lawton Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6EQ3
£103.5K02/210.16 mi87, Craigside, Biddulph, Stoke-on-trent, Staffordshire ST8 6BP3
£149.9K10/230.16 mi76, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6AT3
£129.4K05/230.16 mi78, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6AT3
£127K07/210.16 mi11, Lawton Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6EJ3
£110K02/210.17 mi73, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6AU3
£93K02/240.17 mi83, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6AU3
£161K03/210.17 mi59, Kingsfield Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6DP3
£155K07/210.18 mi75, Congleton Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6EF3
£223.5K04/230.19 mi41, Highfield Road West, Biddulph, Stoke-on-trent, Staffordshire ST8 6HB3
£190K02/240.19 mi7, Well Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HS3
£96K09/210.19 mi15, Well Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HS3
£136.5K06/210.2 mi25, Well Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HX3
£142K12/200.2 mi37, Brocks Croft Gardens, Biddulph, Stoke-on-trent, Staffordshire ST8 6BX3
£123.8K10/220.2 mi26, Brocks Croft Gardens, Biddulph, Stoke-on-trent, Staffordshire ST8 6BX3
£140K10/210.2 mi62, Well Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HX3
£160K08/230.2 mi25, Well Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HX3
£161.5K09/220.21 mi32, Brocks Croft Gardens, Biddulph, Stoke-on-trent, Staffordshire ST8 6BX3
£115K11/210.22 mi46, Craigside, Biddulph, Stoke-on-trent, Staffordshire ST8 6BN3
£129K02/210.24 mi64, Well Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HY3
£149.9K03/210.24 mi21, Highfield Road East, Biddulph, Stoke-on-trent, Staffordshire ST8 6HA3
£188K12/200.25 mi58, Station Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6BS3
£140K01/230.26 mi3, Cole Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6JD3
£270K12/220.28 mi40, Hunters Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6SY3
£130K11/200.28 mi69, Lawton Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6EY3
£155K04/230.28 mi35, Lawton Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6EY3
£135K07/230.28 mi126, Well Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6EZ3
£272K09/230.29 mi25, Thames Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7HL3
£265K02/230.29 mi45, Thames Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7HL3
£200K02/210.29 mi43, Thames Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 7HL3
£242K09/230.29 mi1, Norfolk Grove, Biddulph, Stoke-on-trent, Staffordshire ST8 6DQ3
£136.5K09/230.3 mi4, Shepherd Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6JA3
£94.8K07/210.3 mi57, Station Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6BT3
£205K05/230.3 mi80, Tunstall Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6HH3
£242K07/210.3 mi66, Tunstall Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6HH3
£177.5K10/210.31 mi12, Dorset Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 6DG3
£160K01/210.31 mi18, Shaw Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6JE3
£178K07/230.31 mi12, Shaw Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6JE3
£212K03/230.32 mi4, Dorset Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 6DG3
£220K04/210.32 mi3, Sawyer Drive, Biddulph, Stoke-on-trent, Staffordshire ST8 6SU3
£141K12/230.32 mi11, Coppice Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6EU3

Local Rents

15 rents from £725/mo to £1.1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£1,10009/240.14 miCongleton Road, Biddulph, Staffordshire3
£72510/240.15 mi-3
£89502/240.16 mi-3
£1,07011/240.16 mi-3
£75012/240.16 mi-3
£85003/250.16 mi-3
£87009/240.22 mi-3
£75009/240.3 mi-3
£75009/240.3 mi-3
£77509/240.36 miCambridge Close, Gillow Heath3
£1,07504/250.39 mi-3
£1,15001/250.4 mi-3
£85009/240.54 mi-3
£95009/240.55 miWhetstone Road, Gillow Heath, Stoke-On-Trent3
£80009/240.61 mi-3

Local Area Statistics

Population in ST8

20,197

Population in Stoke-on-Trent

347,755

Town centre distance

5.35 miles away

Nearest school

0.10 miles away

Nearest train station

2.91 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £129,950

September 26, 2024

Description

3 Bedrooms. Generous mid terraced family home with two reception rooms, fitted kitchen and ground floor w.c. First floor has a large wet room and three bedrooms. Great location for easy walking into the town centre for local shops and amenities. None overlooked to the rear with paved patio garden area. Selective modernisation required. The property is being offered for sale with no upward chain.

Accommodation comprising of: Courtyard area to the front elevation with easy access to the entrance hall. Lounge to the front elevation with coved ceiling, ceiling and wall light points. Attractive fire surround with decorative wood mantle surround and tiled hearth. uPVC double glazed bow window to the front elevation. Double opening doors with side panel windows allowing easy access into the dining area. Dining area to the rear elevation (off the kitchen) has timber effect laminate flooring. Coved ceiling with ceiling light point.  uPVC double glazed double opening french doors allowing views and easy access onto the patio garden to the rear.  Door to the kitchen and double opening doors to the front lounge.  Fitted kitchen has a good range of eye and base level units, base units having work surfaces over with tiled splash backs.  Breakfast bar area.  Space for cooker with circulator fan/light above.  uPVC double glazed window overlooking the side elevation.  Door to the ground floor w.c. with low level w.c ., wash hand basin and frosted window. Ground floor w.c. houses the gas central heating boiler.  

First floor landing has doors to bedrooms and large family bathroom/wet room.  Family wet room has a shower area with wall mounted electric shower and curtains providing privacy.  Low level w.c.  Wash hand basin with chrome coloured hot and cold taps.  Tiled walls. uPVC double glazed frosted window. Bedroom one has two sets of double opening louvre doors providing built in wardrobes with storage space above.  Feature arch with television point.  uPVC double glazed window overlooking the front elevation. Coved ceiling with ceiling light point.  Bedroom two overlooks the rear elevation. 

Externally the property has a pleasant fore-courted area to the front elevation with easy access to the property.  The rear has a paved patio garden which has pleasant views over towards mature trees and shrubs that form the boundary to school playing fields. Timber fencing forms the boundary.  The property benefits from uPVC double glazing and gas central heating system.  Viewing highly recommended.  No chain!

Agent Details

Priory Property Services, Biddulph

01782 493695

Next Steps?

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