2 Bed Flat, Single Let, Stoke-on-Trent, ST6 5LZ, £50,000

65 Westbourne Drive, Tunstall, ST6 5LZ - 5 months ago

Leasehold
BTL
ROI: 24%
~51 m²

ValuationUndervalued

Sold Prices£50K - £201.5K
Sold Prices/m²£984/m² - £3.6K/m²

 

 

Square Metres

~51.40 m²
Price/m²£973/m²

Value Estimate

£60,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£3,700

Total Cash In

£16,200

 

 

Cash Out

 

Rent Range

£600 - £1,050

Rent Estimate

£625

Running Costs/mo

£301

Cashflow/mo

£324

Cashflow/yr

£3,885

ROI

24%

Gross Yield

15%

Local Sold Prices

50 sold prices from £50K to £201.5K, average is £85.3K. £984/m² to £3.6K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£55K03/210.39 mi44, Bond Street, Stoke-on-trent ST6 5HF2
£165K10/210.41 mi81, Zodiac Drive, Stoke-on-trent ST6 6NJ2
£50K09/211.11 mi133, Haywood Road, Stoke-on-trent ST6 7AR2
£60K09/231.35 miApartment 54, Lancashire Court, Federation Road, Stoke-on-trent ST6 4HX2
£67K04/211.35 mi5, Galileo Court, Stoke-on-trent ST6 4AJ2
£50K08/221.38 miApartment 43, Manchester Court, Federation Road, Stoke-on-trent ST6 4HT2
£58.5K08/221.38 miApartment 1, Manchester Court, Federation Road, Stoke-on-trent ST6 4HT2
£66K08/231.38 miApartment 55, Manchester Court, Federation Road, Stoke-on-trent ST6 4HT2
£58K02/231.38 miApartment 29, Manchester Court, Federation Road, Stoke-on-trent ST6 4HT2
£85K04/221.43 mi195, Hamil Road, Stoke-on-trent ST6 1AP2
£78K05/231.48 miApartment 2, Leigh Court, Greenhead Street, Stoke-on-trent ST6 4GP2
£50K11/201.51 miFlat 43, Arthur Cotton Court, Hamil Road, Stoke-on-trent ST6 1DB2
£50K11/201.51 miFlat 43, Arthur Cotton Court, Hamil Road, Stoke-on-trent ST6 1DB2
£85K10/211.51 miFlat 5, Celebration Court, Skellern Avenue, Stoke-on-trent ST6 7RA2
£91.5K08/221.66 mi58, Riceyman Road, Newcastle, Staffordshire ST5 8LG2
£85.5K02/231.67 mi54a, Riceyman Road, Newcastle, Staffordshire ST5 8LG2
£125K12/211.79 mi9, Woodside Avenue, Kidsgrove, Stoke-on-trent, Staffordshire ST7 4EP2
£201.5K10/211.96 mi6, Gorsey Bank, Stoke-on-trent ST6 8AR2
£83K08/222.02 miFlat 12, Rhodes Court, Second Avenue, Newcastle, Staffordshire ST5 8RD2
£92.5K05/232.09 mi24, Crofters Court, Red Street, Newcastle, Staffordshire ST5 7LT2
£89K02/242.09 mi30, Crofters Court, Red Street, Newcastle, Staffordshire ST5 7LT2
£95K11/222.09 mi25, Crofters Court, Red Street, Newcastle, Staffordshire ST5 7LT2
£75K12/222.09 miApartment 15, Wessex Court, Sunny Bank, Stoke-on-trent ST6 3ND2
£185K10/212.1 mi2, Lichfield Road, Talke, Stoke-on-trent, Staffordshire ST7 1SQ2
£65K08/212.12 miApartment 19, Tudor Court, Sunny Bank, Stoke-on-trent ST6 3NW2
£66.8K02/212.12 miApartment 17, Tudor Court, Sunny Bank, Stoke-on-trent ST6 3NW2
£94.5K11/222.14 miFlat 33, The Mount St Georges, Second Avenue, Newcastle, Staffordshire ST5 8RB2
£70.7K09/232.16 miApartment 17, Windsor Court, Sunny Bank, Stoke-on-trent ST6 3NZ2
£77.5K03/212.19 mi51, Moorefields View, Stoke-on-trent ST6 8GU2
£96K07/222.2 mi33, Moorefields View, Stoke-on-trent ST6 8GU2
£90K07/222.2 miApartment 13, Ravensbourne Court, Burtree Drive, Stoke-on-trent ST6 8FF2
£93K07/222.2 miApartment 11, Ravensbourne Court, Burtree Drive, Stoke-on-trent ST6 8FF2
£86K05/212.2 miApartment 29, Ravensbourne Court, Burtree Drive, Stoke-on-trent ST6 8FF2
£84K06/222.2 miApartment 14, Ravensbourne Court, Burtree Drive, Stoke-on-trent ST6 8FF2
£85K06/222.2 mi50, Blithfield Way, Stoke-on-trent ST6 8GS2
£71K03/212.3 mi63, Chillington Way, Stoke-on-trent ST6 8GJ2
£74.5K04/212.3 mi65, Chillington Way, Stoke-on-trent ST6 8GJ2
£74.5K04/222.3 mi65, Chillington Way, Stoke-on-trent ST6 8GJ2
£97.5K08/222.36 miFlat 19, Faulds Court, James Street, Newcastle, Staffordshire ST5 0FA2
£95K09/212.42 mi21, Chasewater Drive, Stoke-on-trent ST6 8GH2
£105K04/232.44 miFlat 16, Portland Mews, Garnett Road West, Newcastle, Staffordshire ST5 8SD2
£92.5K07/222.45 mi10, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£115.5K12/222.45 mi36, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£88K11/202.45 mi32, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£80K11/212.45 mi7, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£88K11/202.45 mi32, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£90K02/212.45 mi14, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£90K10/212.45 mi22, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£106K06/232.45 mi18, Hayeswood Grove, Stoke-on-trent ST6 8GG2
£160K11/222.46 miApartment 17, Adlington House, High Street, Wolstanton, Newcastle, Staffordshire ST5 0HZ2

Local Rents

18 rents from £600/mo to £1.1K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£79509/240.15 mi-2
£79509/240.15 miGreenfield Road, Stoke On Trent, ST62
£65002/250.33 mi-2
£75009/240.33 miClandon Avenue, Tunstall, ST62
£62509/240.35 miSmith Child Street, Tunstall2
£74502/250.36 mi-2
£1,05012/240.37 mi-2
£60012/240.38 mi-2
£65009/240.38 miNaylor Street, Tunstall, ST62
£65009/240.4 miSt Aidans Street, Tunstall2
£70004/250.43 mi-2
£82512/240.44 mi-2
£79512/240.44 mi-2
£79512/240.44 mi-2
£60003/250.51 mi-2
£62509/240.58 mi-2
£70009/240.58 mi-2
£69509/240.61 miBroomhill Street, Tunstall2

Local Area Statistics

Population in ST6

64,608

Population in Stoke-on-Trent

347,755

Town centre distance

2.77 miles away

Nearest school

0.40 miles away

Nearest train station

1.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Price changed to £50,000

January 15, 2025

Price changed to £55,000

December 19, 2024

Listed for £60,000

November 13, 2024

Floor Plans

Description

  • Ideal investment property +
  • Good size rear garden (not shared) +
  • Two double bedrooms +
  • Fitted kitchen +
  • Lounge with bay window +
  • Fitted kitchen +
  • Gas central heating +
  • Double glazing +
  • NO CHAIN +

Goodchild's Estate Agents are now in receipt of an offer for the sum of £40,000 for 65 Westbourne Drive ST6 5LZ. Anyone wishing to place an offer on this property should contact Goodchild's estate agents   before exchange of contracts.  NO UPWARD CHAIN- A first floor flat requiring some updating located in the popular buy-to-let location of Tunstall. The property, which has the benefit of its own rear garden, briefly comprises of; entrance hall, stairs & landing, kitchen, bathroom and two good size bedrooms. EPC rating: C. Tenure: Leasehold, Length of lease (remaining): 89 years 7 months,

Agent Details

Goodchilds, Stoke-On-Trent

01782 493666

Next Steps?

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