4 Bed HMO, Stoke-on-Trent, ST4 1EG £90,000

4 Butler Street, Stoke-On-Trent Stoke-On-Trent, ST4 1EG - 8 views - a year ago
Sold STC
Auction
HMO
Refurb/BRRR
ROI: 6%
133 m²
Property image
Property image
Property image

ValuationFair Value

Sold Prices£80K - £520K
Sold Prices/m²£816/m² - £3.7K/m²

 

 

Square Metres

133.30 m²
Price/m²£675/m²

Value Estimate

£91,800

 

 

End Value (After Refurb)

£156,645

Uplift in Value

+74%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£59,496

Bridging Loan Interest

£2,363

Total Cash In

£91,808

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£156,645

Mortgage (After Refinance)

£117,484

Mortgage LTV

75%

Cash Released

£49,984

Cash Left In

£41,825

Equity

£39,161

Room Rate

£438

Gross Rent

£1,752

Running Costs/mo

£1,284

Cashflow/mo

£468

Cashflow/yr

£5,617

ROI

6%

Gross Yield

23%

Local Sold Prices

49 sold prices from £80K to £520K, average is £230K. £816/m² to £3.7K/m², average is £1.9K/m².

Price
Date
Distance
Address
Beds
 
£183K05/210.45 mi35, Chamberlain Avenue, Stoke-on-trent ST4 5EN4
£222K07/210.54 mi35, Richmond Street, Stoke-on-trent ST4 7DZ4
£160K04/250.55 mi129, Thornton Road, Shelton, Stoke-on-trent ST4 2BD4
£150K08/230.56 mi82, Ainsworth Street, Fenton, Stoke-on-trent ST4 4JS4
£117K08/250.58 mi100, Boughey Road, Shelton, Stoke-on-trent ST4 2BB4
£237.5K01/250.58 mi6, Steeple Way, Stoke, Stoke-on-trent ST4 5BX4
£137.5K04/230.6 mi47, Shelburne Street, Stoke-on-trent ST4 5EY4
£145K08/240.64 mi8, Queen Anne Street, Stoke-on-trent ST4 2EQ4
£230K05/230.72 mi33, Quarry Avenue, Stoke-on-trent ST4 7EW4
£520K04/230.73 miWest End House, Gladstone Place, Stoke-on-trent ST4 5HP4
£355K03/250.75 miWest End Mount, Gladstone Place, Stoke, Stoke-on-trent ST4 5HP4
£137K08/230.75 mi56, Cauldon Road, Stoke-on-trent ST4 2ED4
£321K02/230.77 mi17, Franklin Road, Stoke-on-trent ST4 5DS4
£266K06/240.85 mi88, Princes Road, Stoke-on-trent ST4 7JL4
£420K07/210.88 mi21, Whalley Avenue, Stoke-on-trent ST4 5ND4
£316.2K07/230.91 mi7, Whalley Avenue, Stoke-on-trent ST4 5ND4
£162K09/231.02 mi13, Grosvenor Avenue, Stoke-on-trent ST4 5BQ4
£185K01/231.04 mi92, Wellesley Street, Stoke-on-trent ST1 4NW4
£220K01/241.07 mi32, Lionel Grove, Stoke-on-trent ST4 6RW4
£152K03/251.1 mi21, Blurton Road, Blurton, Stoke-on-trent ST4 3BQ4
£180K03/251.13 mi15, Park Street, Fenton, Stoke-on-trent ST4 3JB4
£240K12/231.2 mi79, Blurton Road, Stoke-on-trent ST3 2BS4
£315K03/251.24 mi23, Philip Clarke Drive, Hartshill, Stoke-on-trent ST4 6FJ4
£315K03/251.24 mi23, Philip Clarke Drive, Hartshill, Stoke-on-trent ST4 6FJ4
£249K03/231.26 mi27, The Avenue, Stoke-on-trent ST4 6BW4
£215K03/241.32 mi30, Laburnum Grove, Stoke-on-trent ST3 2AX4
£143K11/221.33 mi35, Boatman Drive, Stoke-on-trent ST1 5PD4
£94K06/231.37 mi14, Ogden Road, Stoke-on-trent ST1 3BX4
£80K04/251.37 mi61, Lower Bethesda Street, Hanley, Stoke-on-trent ST1 3DE4
£80K04/251.37 mi61, Lower Bethesda Street, Hanley, Stoke-on-trent ST1 3DE4
£235K06/211.4 mi12, Watersedge Grove, Stoke-on-trent ST1 5GG4
£240K05/251.42 mi1, Watersedge Grove, Etruria, Stoke-on-trent ST1 5GG4
£240K05/251.42 mi1, Watersedge Grove, Etruria, Stoke-on-trent ST1 5GG4
£190K02/231.43 mi38, Kiln View, Stoke-on-trent ST1 3GA4
£330K05/241.48 mi19, Newton Street, Stoke-on-trent ST4 6JN4
£286.5K05/211.48 mi34, Lancaster Road, Newcastle, Staffordshire ST5 1DS4
£250K03/231.49 mi157, Kettering Drive, Stoke-on-trent ST2 9NF4
£224K07/231.51 mi60, Sackville Street, Stoke-on-trent ST4 6HX4
£347.5K06/211.54 mi11, Beatrice Close, Stoke-on-trent ST4 4TX4
£263K05/251.58 mi65, Clumber Avenue, Newcastle ST5 3AY4
£320K02/251.59 mi50, Cockster Brook Lane, Blurton, Stoke-on-trent ST3 2SE4
£356.5K03/251.6 mi138, Lincoln Avenue, Newcastle Under Lyme ST5 3AR4
£223K10/231.68 mi112, Longton Hall Road, Stoke-on-trent ST3 2EJ4
£130K03/231.69 mi20, Vessey Terrace, Newcastle, Staffordshire ST5 1LS4
£305K04/241.69 mi11, Conifer Grove, Stoke-on-trent ST3 2EN4
£355K11/221.69 mi2, Lakewood Grove, Stoke-on-trent ST1 5RH4
£170K03/251.7 mi10, Windlass Square, Hanley, Stoke-on-trent ST1 3TG4
£330K07/231.74 mi8, Lincoln Grove, Newcastle, Staffordshire ST5 3AT4
£227.5K04/231.75 mi25, Valley View, Newcastle, Staffordshire ST5 3FB4

Local Area Statistics

Population in ST4

56,870

Population in Stoke-on-Trent

347,755

Town centre distance

2.86 miles away

Nearest school

0.20 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-29%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £90,000

October 22, 2024

Description

  • Large town house in need of updating +
  • May suit conversion to HMO +
  • Gas central heating and double glazing +
  • EPC Band D Rating 60. Cancel Tax A +
  • Subject to Reserve Price, Buyers fees apply +
  • For Sale by Modern Auction – T & C's apply +

For sale by Modern Method of Auction: Starting Bid Price £90,000 plus Reservation Fees. This large townhouse is situated close to Stoke town Centre and Staffordshire University and would suit conversion to house of multiple occupation subject to appropriate permissions. The property benefits from gas central heating and double glazing. Accommodation comprises entrance hall, bedroom, living room and kitchen at ground floor level with two bedrooms and a bathroom to the first floor and a further bedroom to the second floor. To the frontage is a low maintenance front forecourt. At the rear is an enclosed yard with pedestrian access and brick built store. Subject to conversion potential rental of £100 per week including bills per room. This property is for sale by “Regional Auction name powered by iamsold Ltd” or “iamsold Ltd.

Agent Details

Keates, Stoke On Trent

01782 847083

Next Steps?

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