3 Bed Detached House, Refurb/BRRR, Stoke-on-Trent, ST1 6HQ, £230,000

Kingsclere Grove, Sneyd Green, Stoke-on-trent, City Of Stoke-on-trent, ST1 6HQ - 7 views - 6 months ago

Refurb/BRRR
ROI: 2%
~93 m²
+16 photos

ValuationOvervalued

Sold Prices£96.5K - £395K
Sold Prices/m²£1.1K/m² - £3.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£171,785

 

 

End Value (After Refurb)

£201,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£37,686

Bridging Loan Interest

£6,038

Total Cash In

£111,673

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£201,500

Mortgage (After Refinance)

£151,125

Mortgage LTV

75%

Cash Left In

£111,673

Equity

£50,375

Rent Range

£725 - £1,700

Rent Estimate

£1,115

Running Costs/mo

£873

Cashflow/mo

£242

Cashflow/yr

£2,908

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £96.5K to £395K, average is £175.8K. £1.1K/m² to £3.8K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£178K05/230.06 mi31, Gordon Crescent, Stoke-on-trent ST1 6BU3
£224K02/230.06 mi17, Gordon Crescent, Stoke-on-trent ST1 6BU3
£182K01/210.07 mi27, Kingston Avenue, Stoke-on-trent ST1 6HG3
£206K11/220.11 mi36, Kelvin Avenue, Stoke-on-trent ST1 6BS3
£155K09/230.12 mi28, Kelvin Avenue, Stoke-on-trent ST1 6BS3
£186K08/230.12 mi30, Kelvin Avenue, Stoke-on-trent ST1 6BS3
£175K01/240.12 mi6, Kelvin Avenue, Stoke-on-trent ST1 6BS3
£185K06/230.12 mi63, Derek Drive, Stoke-on-trent ST1 6BX3
£189.8K08/230.12 mi51, Derek Drive, Stoke-on-trent ST1 6BX3
£185K02/230.12 mi77, Buxton Street, Stoke-on-trent ST1 6BW3
£141K12/200.13 mi13, Kelvin Avenue, Stoke-on-trent ST1 6BP3
£160K10/200.14 mi115, Buxton Street, Stoke-on-trent ST1 6BW3
£156K05/210.14 mi115, Milton Road, Stoke-on-trent ST1 6HF3
£96.5K03/210.15 mi34, Buxton Street, Stoke-on-trent ST1 6BN3
£211K07/230.15 mi120, Buxton Street, Stoke-on-trent ST1 6BN3
£176K11/210.16 mi68, Derek Drive, Stoke-on-trent ST1 6BY3
£175K04/230.16 mi26, Derek Drive, Stoke-on-trent ST1 6BY3
£200K06/230.16 mi80, Derek Drive, Stoke-on-trent ST1 6BY3
£172K12/230.17 mi96, Milton Road, Stoke-on-trent ST1 6HD3
£147.5K05/210.19 mi11, Milgreen Avenue, Stoke-on-trent ST1 6DT3
£174.5K03/230.19 mi11, Milgreen Avenue, Stoke-on-trent ST1 6DT3
£150K12/200.19 mi10, Milgreen Avenue, Stoke-on-trent ST1 6DT3
£150K12/230.2 mi6, Gleneagles Crescent, Stoke-on-trent ST1 6NF3
£198K12/230.2 mi14, Gleneagles Crescent, Stoke-on-trent ST1 6NF3
£395K11/230.2 mi4, Gleneagles Crescent, Stoke-on-trent ST1 6NF3
£121K06/230.2 mi50, Brocklehurst Way, Stoke-on-trent ST1 6HW3
£205.5K12/220.22 mi3, Melrose Avenue, Sneyd Green, Stoke-on-trent ST1 6DS3
£175K08/230.23 mi7, Melrose Avenue, Sneyd Green, Stoke-on-trent ST1 6DS3
£168K08/210.23 mi7, Melrose Avenue, Sneyd Green, Stoke-on-trent ST1 6DS3
£130K10/230.23 mi141, Birches Head Road, Stoke-on-trent ST1 6ND3
£190K03/230.23 mi34, Northam Road, Stoke-on-trent ST1 6DA3
£130K03/230.24 mi3, Louvain Avenue, Stoke-on-trent ST1 6DP3
£170K02/210.24 mi27, Louvain Avenue, Stoke-on-trent ST1 6DP3
£172.5K03/230.24 mi261, Birches Head Road, Stoke-on-trent ST1 6NB3
£192K04/230.24 mi239, Birches Head Road, Stoke-on-trent ST1 6NB3
£129.9K07/210.25 mi91, Hanley Road, Stoke-on-trent ST1 6BG3
£148.5K02/240.25 mi93, Hanley Road, Stoke-on-trent ST1 6BG3
£205K07/210.25 mi184, Birches Head Road, Stoke-on-trent ST1 6LN3
£120.5K03/210.26 mi61, Brocklehurst Way, Stoke-on-trent ST1 6HN3
£185K02/230.27 mi3, Granville Avenue, Stoke-on-trent ST1 6BQ3
£201K05/230.29 mi200, Milton Road, Stoke-on-trent ST1 6HT3
£138K06/210.29 mi75, Bradford Terrace, Stoke-on-trent ST1 6LZ3
£176.5K02/210.29 mi230, Birches Head Road, Stoke-on-trent ST1 6NA3
£206K07/230.3 mi21, Rothsay Avenue, Stoke-on-trent ST1 6EY3
£189.9K04/230.3 mi16, Rothsay Avenue, Stoke-on-trent ST1 6EZ3
£310K10/220.3 mi10, Salcombe Place, Stoke-on-trent ST1 6DY3
£187.5K07/210.3 mi9, Fairhaven Grove, Stoke-on-trent ST1 6LX3
£175.5K08/230.3 mi5, Fairhaven Grove, Stoke-on-trent ST1 6LX3
£150K07/210.3 mi30, Fairhaven Grove, Stoke-on-trent ST1 6LX3
£250K06/220.3 mi43, Fairhaven Grove, Stoke-on-trent ST1 6LX3

Local Rents

18 rents from £725/mo to £1.7K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£87509/240.13 miDerek Drive, Stoke-On-Trent, ST13
£72509/240.15 miBuxton Street, Sneyd Green, Stoke-on-Trent, ST13
£95004/250.3 mi-3
£89503/250.31 mi-3
£87509/240.37 mi-3
£87509/240.37 miWentworth Grove, Sneyd Green, Stoke-on-Trent3
£95003/250.39 mi-3
£79509/240.42 mi-3
£1,50010/240.46 mi-3
£1,60008/240.47 mi-3
£1,50009/240.47 mi-3
£1,60009/240.47 mi-3
£89509/240.51 miLeek New Road, Sneyd Green3
£79503/250.52 mi-3
£1,70009/240.56 mi-3
£80009/240.58 miHaven Avenue, Sneyd Green, Stoke-on-Trent, ST63
£89504/250.58 mi-3
£75009/240.58 miGordon Avenue, Sneyd Green, Stoke-On-Trent3

Local Area Statistics

Population in ST1

29,532

Population in Stoke-on-Trent

347,755

Town centre distance

0.19 miles away

Nearest school

0.30 miles away

Nearest train station

2.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Price changed to £230,000

February 4, 2025

Listed for £250,000

October 22, 2024

Description

  • Three spacious bedrooms +
  • Open-plan reception room +
  • Traditional fireplace +
  • Built-in kitchen pantries +
  • Ground floor WC +
  • Garage and private parking +
  • Well-maintained garden +
  • Quiet family-friendly area +
  • Nearby schools and amenities +
  • Abundant natural light +

This detached house, currently listed for sale, presents an excellent opportunity for those with a vision of creating their dream home. Necessitating modernisation, this property offers an abundance of potential and a chance for you to truly make it your own.

The property comprises of three bedrooms; two spacious double rooms and one single room, offering ample living accommodation for a growing family. Each room is filled with natural light, creating a warm and inviting atmosphere.

The home benefits from an open-plan reception room with large windows and a traditional fireplace. This large space is perfect for entertaining or spending quality time with family. The property also features a kitchen, equipped with built-in pantries and a useful utility room, providing plenty of storage space.

One of the many unique features of this property is the ground floor WC, a convenient addition for families. The property also boasts a garage and additional parking facilities, providing secure and private parking. The house is surrounded by a well-maintained garden, offering an outdoor space for relaxation or play.

Located in a quiet area, the house is situated nearby schools, local amenities, and green spaces, making it an ideal location for families. The nearby parks add to the charm of the location, providing ample opportunities for outdoor activities and family outings.

The property falls under Council Tax Band D. Despite requiring modernisation, the house is rich with potential and character, from the traditional fireplace to the private garden. This property offers a great opportunity for buyers wanting to put their own stamp on their new home.

This house is not just a property; it's a lifestyle proposition and a chance to join a warm and welcoming community. Whether you're a first-time buyer with a flair for design, or a seasoned homeowner looking for your next project, this could be the perfect opportunity for you.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

HAN240404/2

Agent Details

Reeds Rains, Hanley

01782 493928

Next Steps?

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