2 Bed Terraced House, Refurb/BRRR, Stoke-on-Trent, ST6 6EQ, £69,950

King William Street, Tunstall, Stoke-on-Trent, Staffordshire, ST6 6EQ - 4 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~68 m²
+2 photos

ValuationFair Value

Sold Prices£45K - £180K
Sold Prices/m²£638/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£69,950

 

 

End Value (After Refurb)

£99,834

Uplift in Value

+43%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,488

Stamp Duty & Legal Fees

£3,299

Refurb Costs

£27,600

Bridging Loan Interest

£1,836

Total Cash In

£51,972

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£99,834

Mortgage (After Refinance)

£74,875

Mortgage LTV

75%

Cash Released

£22,413

Cash Left In

£29,559

Equity

£24,958

Rent Range

£425 - £1,050

Rent Estimate

£691

Running Costs/mo

£470

Cashflow/mo

£221

Cashflow/yr

£2,650

ROI

5%

Gross Yield

12%

Local Sold Prices

50 sold prices from £45K to £180K, average is £88K. £638/m² to £2.5K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£82K07/210.05 mi110, King William Street, Stoke-on-trent ST6 6EJ2
£95K07/230.05 mi110, King William Street, Stoke-on-trent ST6 6EJ2
£67K08/230.05 mi80, King William Street, Stoke-on-trent ST6 6EJ2
£68K08/230.06 mi73, King William Street, Stoke-on-trent ST6 6EG2
£136.5K08/230.14 mi12, Melstone Avenue, Stoke-on-trent ST6 6EX2
£115K11/200.15 mi27, Melstone Avenue, Stoke-on-trent ST6 6EX2
£115K01/210.15 mi5, Melstone Avenue, Stoke-on-trent ST6 6EX2
£80K05/230.16 mi102, Pinnox Street, Stoke-on-trent ST6 6AD2
£84K12/200.24 mi6, Gibson Street, Stoke-on-trent ST6 6AQ2
£53K03/210.24 mi38, Gibson Street, Stoke-on-trent ST6 6AQ2
£73K06/210.26 mi39, Salisbury Street, Stoke-on-trent ST6 6BS2
£91K11/210.28 mi10, Arthur Street, Stoke-on-trent ST6 6BH2
£55K12/200.3 mi43, Coronation Street, Stoke-on-trent ST6 6BU2
£60K10/230.3 mi29, Coronation Street, Stoke-on-trent ST6 6BU2
£75K04/230.31 mi39, Stanley Street, Stoke-on-trent ST6 6BX2
£135K09/230.37 mi6, Warreners Walk, Stoke-on-trent ST6 5SF2
£62K11/210.38 mi25, Kenworthy Street, Stoke-on-trent ST6 6DF2
£95K11/200.4 mi60, Sunnyside Avenue, Stoke-on-trent ST6 6EB2
£127K11/200.41 mi40, Clandon Avenue, Tunstall, Stoke-on-trent ST6 5UT2
£155K06/230.41 mi40, Clandon Avenue, Tunstall, Stoke-on-trent ST6 5UT2
£91.5K06/230.42 mi32, Edge Street, Stoke-on-trent ST6 4HJ2
£98K12/200.42 mi82, Chatterley Street, Stoke-on-trent ST6 4HL2
£137.5K04/230.43 mi11, Aldersea Close, Stoke-on-trent ST6 4DY2
£109K06/210.43 mi5, Aldersea Close, Stoke-on-trent ST6 4DY2
£95K04/210.44 mi75, Clandon Avenue, Stoke-on-trent ST6 5UX2
£157.5K04/210.47 mi159, Victoria Park Road, Stoke-on-trent ST6 6DY2
£106K11/210.47 mi36, Crossley Road, Stoke-on-trent ST6 7AJ2
£45K11/210.47 mi141, Haywood Road, Stoke-on-trent ST6 7AR2
£142K02/230.5 miDelia, Ambleside Place, Stoke-on-trent ST6 7ES2
£49.3K04/210.51 mi51, Nash Peake Street, Stoke-on-trent ST6 5BS2
£80K05/210.54 mi24, Avonside Avenue, Stoke-on-trent ST6 6EA2
£80K06/230.54 mi26, Bank Street, Stoke-on-trent ST6 5HW2
£80K04/210.55 mi15, Clanway Street, Stoke-on-trent ST6 5UG2
£105K12/200.57 mi9, Jean Close, Stoke-on-trent ST6 7BH2
£73K02/230.58 mi7, Patterdale Street, Stoke-on-trent ST6 7ET2
£61K04/230.59 mi4, Parsonage Street, Stoke-on-trent ST6 5HL2
£55K03/210.59 mi24, Wain Street, Stoke-on-trent ST6 4ES2
£95K05/210.59 mi41, Knight Street, Stoke-on-trent ST6 5HY2
£74.5K03/230.59 mi43, St Aidans Street, Stoke-on-trent ST6 5HQ2
£67.5K05/210.59 mi11, St Aidans Street, Stoke-on-trent ST6 5HQ2
£68K12/200.6 mi29, Broomhill Street, Stoke-on-trent ST6 5JB2
£85K09/230.6 mi5, Broomhill Street, Stoke-on-trent ST6 5JB2
£91.5K09/230.6 mi58, Broomhill Street, Stoke-on-trent ST6 5JD2
£93K06/230.6 mi114, Davenport Street, Stoke-on-trent ST6 4LG2
£73K12/210.61 mi64, St Aidans Street, Stoke-on-trent ST6 5HH2
£49K02/230.63 mi16, Scotia Road, Stoke-on-trent ST6 4EP2
£180K03/230.64 mi7, Botham Grove, Stoke-on-trent ST6 5NX2
£148.5K12/200.64 mi416, High Lane, Stoke-on-trent ST6 7BN2
£97.5K03/210.64 mi44, Bycars Road, Stoke-on-trent ST6 1BY2
£127.5K07/230.65 mi94, Carlton Avenue, Stoke-on-trent ST6 7HQ2

Local Rents

26 rents from £425/mo to £1.1K/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£67512/240.02 mi-2
£42509/240.03 miKing William Street; Tunstall; ST62
£70003/250.04 mi-2
£85012/240.07 mi-2
£55001/250.16 mi-2
£52509/240.24 mi-2
£60003/250.25 mi-2
£70009/240.3 mi-2
£62509/240.3 mi-2
£1,05012/240.37 mi-2
£85012/240.41 mi-2
£75002/250.43 mi-2
£75009/240.44 miClandon Avenue, Tunstall, ST62
£85003/250.47 mi-2
£67509/240.55 miNorton Avenue, Burslem, ST62
£62502/250.55 mi-2
£59512/240.59 mi-2
£79509/240.59 mi-2
£79509/240.59 miGreenfield Road, Stoke On Trent, ST62
£82512/240.59 mi-2
£69509/240.6 miBroomhill Street, Tunstall2
£55002/240.6 mi-2
£65009/240.61 miSt Aidans Street, Tunstall2
£59512/240.61 mi-2
£59512/240.61 mi-2
£60012/240.62 mi-2

Local Area Statistics

Population in ST6

64,608

Population in Stoke-on-Trent

347,755

Town centre distance

2.19 miles away

Nearest school

0.20 miles away

Nearest train station

1.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £69,950

November 7, 2024

Sold for £52,000

2008

Sold for £44,000

2007

Sold for £26,500

2007

Floor Plans

Description

  • Investment opportunity +
  • No onward chain +
  • Two reception rooms +
  • Large windows +
  • Double bedroom +
  • First-floor bathroom +
  • Three-piece bathroom suite +
  • Convenient location +
  • Public transport links +

This terraced property, currently listed for sale, is a great opportunity for investment, particularly for buyers who are interested in renovating and adding their own touch to a property. The residence is in need of renovation and is being offered with no onward chain, providing an excellent opportunity for a seamless transaction.

The property features two reception rooms and two bedrooms. The spacious first reception room is a highlight, with large windows allowing for plenty of natural light and a fireplace adding to the character of the property. The second reception room offers additional living space, ideal for a variety of uses.

The sleeping accommodations consist of one double bedroom and one single bedroom. The double bedroom is generously proportioned, offering the potential for a comfortable master suite.

This home also benefits from a first-floor bathroom, a unique feature for this style of property. The bathroom is fitted with a white three-piece suite, promising a clean and bright space.

An EPC rating of E reflects the potential for energy efficiency improvements, while the council tax falls within band A, offering cost-effective living arrangements.

The location of the property is another of its selling points. With public transport links and nearby schools, the property is ideally situated for those seeking convenience and strong local amenities.

Overall, this property offers a wealth of potential and is awaiting a buyer with a vision to transform it into a fantastic home.

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.

QTU240319/2

Agent Details

Your Move, Tunstall

01782 493820

Next Steps?

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