2 Bed Terraced House, Refurb/BRRR, Stoke-on-Trent, ST3 6LY, £75,000

Woodville Terrace, Stoke On Trent, ST3 6LY - 11 views - 5 months ago

Under Offer
BTL
Refurb/BRRR
ROI: 5%
~68 m²
+17 photos

ValuationFair Value

Sold Prices£50K - £204K
Sold Prices/m²£794/m² - £3.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£76,500

 

 

End Value (After Refurb)

£104,664

Uplift in Value

+40%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Refurb Costs

£27,830

Bridging Loan Interest

£1,969

Total Cash In

£53,749

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£104,664

Mortgage (After Refinance)

£78,498

Mortgage LTV

75%

Cash Released

£22,248

Cash Left In

£31,501

Equity

£26,166

Rent Range

£480 - £1,100

Rent Estimate

£725

Running Costs/mo

£492

Cashflow/mo

£233

Cashflow/yr

£2,795

ROI

5%

Gross Yield

12%

Local Sold Prices

50 sold prices from £50K to £204K, average is £123.5K. £794/m² to £3.1K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£85K07/230.11 mi105, Henderson Grove, Stoke-on-trent ST3 6LJ2
£107.5K02/210.2 mi4, The Wood, Stoke-on-trent ST3 6HS2
£120K04/230.23 mi23, Brookwood Drive, Stoke-on-trent ST3 6JD2
£106K07/240.25 mi23, Silsden Grove, Stoke-on-trent ST3 6RL2
£73K04/210.25 mi47, Woodgate Street, Stoke-on-trent ST3 6BS2
£90K01/230.25 mi36, Kingsley Street, Stoke-on-trent ST3 6DG2
£169K04/210.27 mi29, The Wood, Stoke-on-trent ST3 6HR2
£153K09/230.29 mi81, Lansbury Grove, Stoke-on-trent ST3 6JY2
£71K10/210.31 mi102, Stanton Road, Stoke-on-trent ST3 6DF2
£89.5K03/230.31 mi52, Stanton Road, Stoke-on-trent ST3 6DF2
£135K06/230.32 mi10, George Avenue, Stoke-on-trent ST3 6DQ2
£89.5K08/230.33 mi24, Meir View, Stoke-on-trent ST3 6AH2
£110K08/210.34 mi22, Myrtle Avenue, Stoke-on-trent, Staffordshire ST3 6NZ2
£160K08/230.34 mi14, Myrtle Avenue, Stoke-on-trent ST3 6NZ2
£158K08/230.34 mi22, Myrtle Avenue, Stoke-on-trent ST3 6NZ2
£139.9K12/210.36 mi48, Gibson Place, Stoke-on-trent ST3 5PQ2
£85K12/230.36 mi9, Cornelious Street, Stoke-on-trent ST3 6AF2
£118K10/230.38 mi15, Gibson Place, Stoke-on-trent ST3 5PQ2
£120K05/230.38 mi7, Gibson Place, Stoke-on-trent ST3 5PQ2
£110K03/230.38 mi24, Gibson Place, Stoke-on-trent ST3 5PQ2
£132K05/230.41 mi22, Lombardy Grove, Stoke-on-trent ST3 5PJ2
£103K12/200.42 mi100, Broadway, Stoke-on-trent ST3 5LG2
£86K04/210.42 mi16, Broadway, Stoke-on-trent ST3 5PF2
£122K01/210.43 mi54, Edenhurst Avenue, Stoke-on-trent ST3 6HF2
£175K05/230.43 mi32, Edenhurst Avenue, Stoke-on-trent ST3 6HF2
£164K05/230.44 mi35, Axon Crescent, Stoke-on-trent ST3 6PA2
£120K05/230.44 mi46, Axon Crescent, Stoke-on-trent ST3 6PA2
£204K01/240.44 mi9, Dawn View, Stoke-on-trent ST3 6NT2
£190K02/230.44 mi7, Sprinkwood Grove, Stoke-on-trent ST3 6EQ2
£131K02/230.45 mi145, Broadway, Stoke-on-trent ST3 5PW2
£130K10/230.45 mi61, Broadway, Stoke-on-trent ST3 5PH2
£50K05/230.45 mi41, Broadway, Stoke-on-trent ST3 5PH2
£87.5K07/210.45 mi33, Broadway, Stoke-on-trent ST3 5PH2
£85K07/210.47 mi18, Redwood Place, Stoke-on-trent ST3 5PU2
£79K07/210.47 mi12, Redwood Place, Stoke-on-trent ST3 5PU2
£140K11/210.47 mi27, Mollison Road, Stoke-on-trent ST3 7AG2
£180K03/230.5 mi15, Applewood Crescent, Stoke-on-trent ST3 6HQ2
£125K06/230.54 mi4, Ednam Place, Stoke-on-trent ST3 7BA2
£185K09/230.57 mi11, Colin Crescent, Stoke-on-trent ST3 6NL2
£200K09/230.57 mi18, Colin Crescent, Stoke-on-trent ST3 6NL2
£143K03/210.57 mi24, Paladin Avenue, Stoke-on-trent ST3 6NH2
£122K01/240.58 mi87, Harrowby Road, Stoke-on-trent ST3 7BQ2
£115K07/210.6 mi655, Uttoxeter Road, Stoke-on-trent ST3 5PZ2
£135K12/230.63 mi82, The Moat, Stoke-on-trent ST3 6ND2
£165K04/230.65 mi9, Coppice Grove, Stoke-on-trent ST3 6BF2
£130K05/230.66 mi34, Ryder Road, Stoke-on-trent ST3 7BE2
£92.5K08/210.66 mi16, Ryder Road, Stoke-on-trent ST3 7BE2
£125K08/210.66 mi12, Hall Drive, Weston Coyney, Stoke-on-trent ST3 6PF2
£150K04/230.66 mi53, Highfield Avenue, Stoke-on-trent ST3 5LZ2
£150K02/230.67 mi47, Hayner Grove, Stoke-on-trent ST3 6PQ2

Local Rents

16 rents from £480/mo to £1.1K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£75009/240 mi-2
£57509/240.1 miBlatchford Close, Meir, Stoke-on-Trent, ST32
£48005/230.11 mi-2
£1,00006/230.23 mi-2
£80009/240.25 miSilsden Grove, ST3 6RL2
£67509/240.26 mi-2
£67505/240.26 mi-2
£72502/250.26 mi-2
£67509/240.26 miKingsley Street, Stoke-On-Trent, ST32
£62509/240.27 miWoodgate Street, Stoke-on-Trent, Staffordshire, ST32
£75006/230.3 mi-2
£90011/240.35 mi-2
£1,10012/240.36 mi-2
£82509/240.36 miBellerphon Drive, Stoke-on-Trent, ST32
£75007/240.47 mi-2
£85011/230.6 mi-2

Local Area Statistics

Population in ST3

67,688

Population in Stoke-on-Trent

347,755

Town centre distance

4.88 miles away

Nearest school

0.30 miles away

Nearest train station

1.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £75,000

November 7, 2024

Sold for £55,000

2019

Sold for £39,995

2019

Sold for £43,000

2017

Sold for £48,000

2006

Sold for £26,500

2003

Floor Plans

Description

  • NO UPWARDS CHAIN +
  • TWO BEDROOMS AND A FIRST FLOOR BATHROOM +
  • TWO RECEPTION ROOMS +
  • IN NEED OF MODERNISATION +
  • EXCELLENT FIRST TIME BUY +
  • POSSIBLE BUY TO LET OPPORTUNITY +

This charming two-bedroom terrace property is located in the heart of Stoke On Trent and is perfect for those looking for a project. In need of updating throughout, this property offers a fantastic opportunity for those looking to put their own stamp on a home.

Upon entering the property, you are greeted by a spacious reception room which leads through to a second reception room. Both rooms offer plenty of space and natural light, making them perfect for entertaining guests or relaxing with family.

The kitchen is located at the rear of the property and offers ample space for cooking and dining. With a little bit of TLC, this room could be transformed into a modern and stylish space.

Upstairs, there are two generously sized bedrooms, both of which offer plenty of natural light and space for storage. The bathroom is also located on this floor and is in need of updating.

The property benefits from double glazing and gas central heating, ensuring that it is warm and comfortable throughout the year.

Outside, there is a small yard to the rear of the property which could be transformed into a beautiful outdoor space with a little bit of imagination.

Stoke On Trent is a vibrant and bustling city located in the heart of Staffordshire. There is plenty to see and do in the local area, making it the perfect place to call home.

For those who love the great outdoors, there are plenty of parks and green spaces to explore. Trentham Gardens is a particular highlight, offering beautiful gardens, a lake, and a range of activities for all ages.

If you`re looking for something a little more cultural, there are plenty of museums and galleries to explore. The Potteries Museum and Art Gallery is a must-visit, offering a fascinating insight into the history of the local area.

For those who love shopping, there are plenty of options in Stoke On Trent. The city centre is home to a range of high street stores, while the nearby Trentham Estate offers a range of boutique shops and independent retailers.

Overall, this property offers a fantastic opportunity for those looking to put their own stamp on a home. With plenty of potential and a great location, it is sure to be snapped up quickly.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Critchlow Estate Agents, Newcastle-under-Lyme

01782 493386

Next Steps?

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