2 Bed Terraced House, Refurb/BRRR, Stoke-on-Trent, ST4 5BB, £100,000

6 Kensington Road, Stoke-on-trent, Stoke-on-trent, ST4 5BB - 40 views - 5 months ago

Refurb/BRRR
ROI: 16%
~68 m²
+3 photos

ValuationOvervalued

Sold Prices£75K - £247K
Sold Prices/m²£889/m² - £2.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£96,974

 

 

End Value (After Refurb)

£110,329

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,200

Refurb Costs

£27,823

Bridging Loan Interest

£2,625

Total Cash In

£61,398

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£110,329

Mortgage (After Refinance)

£82,747

Mortgage LTV

75%

Cash Released

£7,747

Cash Left In

£53,651

Equity

£27,582

Rent Range

£585 - £3,050

Rent Estimate

£1,473

Running Costs/mo

£659

Cashflow/mo

£814

Cashflow/yr

£9,763

ROI

16%

Gross Yield

18%

Local Sold Prices

48 sold prices from £75K to £247K, average is £111.5K. £889/m² to £2.9K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£110K08/240.03 mi35, Neville Street, Stoke-on-trent ST4 5BP2
£104.5K06/230.04 mi10, Neville Street, Stoke-on-trent ST4 5BW2
£113.5K04/240.04 mi24, Alastair Road, Stoke-on-trent ST4 5BE2
£90K02/210.04 mi8, Alastair Road, Stoke-on-trent ST4 5BE2
£113K07/210.08 mi581, London Road, Stoke-on-trent ST4 5AZ2
£115K03/240.08 mi565, London Road, Stoke-on-trent ST4 5AZ2
£119.5K10/230.09 mi541, London Road, Stoke-on-trent ST4 5AY2
£95K05/210.1 mi44, Daintry Street, Stoke-on-trent ST4 5NN2
£87.5K12/200.1 mi50, Daintry Street, Stoke-on-trent ST4 5NN2
£101K04/230.1 mi48, Daintry Street, Stoke-on-trent ST4 5NN2
£88K04/210.13 mi27, Grosvenor Avenue, Stoke-on-trent ST4 5BQ2
£108K10/210.13 mi37, Grosvenor Avenue, Stoke-on-trent ST4 5BQ2
£100K02/230.13 mi28, Grosvenor Avenue, Stoke-on-trent ST4 5BQ2
£143K06/210.15 mi11, Fairbank Avenue, Stoke-on-trent ST4 5JT2
£122K03/210.18 mi36, Fairbank Avenue, Stoke-on-trent ST4 5JU2
£110K02/210.23 mi250, Trent Valley Road, Stoke-on-trent ST4 5LQ2
£247K11/210.27 mi48, Regent Street, Stoke-on-trent ST4 5HG2
£150K05/230.28 mi34, Steeple Way, Stoke-on-trent ST4 5BX2
£145K05/230.28 mi24, Steeple Way, Stoke-on-trent ST4 5BX2
£90K11/210.33 mi13, Munro Street, Stoke-on-trent ST4 5HA2
£147K02/240.33 mi5, All Saints Road, Stoke-on-trent ST4 4BP2
£137.5K04/230.33 mi7, All Saints Road, Stoke-on-trent ST4 4BP2
£85K03/210.35 mi5, Shelburne Street, Stoke-on-trent ST4 5EY2
£115K06/230.35 mi37, Shelburne Street, Stoke-on-trent ST4 5EY2
£118K05/210.35 mi54, Shelburne Street, Stoke-on-trent ST4 5EY2
£95K08/230.35 mi14, Shelburne Street, Stoke-on-trent ST4 5EY2
£133K03/230.36 mi2, Elphinstone Road, Stoke-on-trent ST4 5PB2
£116K09/230.36 mi46, All Saints Road, Stoke-on-trent ST4 4BL2
£85K08/240.38 mi9, Penkville Street, Stoke-on-trent ST4 5AL2
£106K02/230.38 mi843, London Road, Stoke-on-trent ST4 5NZ2
£118K02/230.39 mi33, Penkville Street, Stoke-on-trent ST4 5AL2
£167.5K06/230.39 mi13, Leadbeater Avenue, Stoke-on-trent ST4 5HE2
£75K09/210.41 mi15, Nursery Street, Stoke-on-trent ST4 4BS2
£110K11/230.41 mi17, Nursery Street, Stoke-on-trent ST4 4BS2
£163K11/230.43 mi11, Walton Road, Stoke-on-trent ST4 5PH2
£127K10/230.46 mi6, Kensington Court, Stoke-on-trent ST4 5PJ2
£150K12/200.47 mi6a, The Villas, Stoke-on-trent ST4 5AQ2
£105K04/230.5 mi186, Fletcher Road, Stoke-on-trent ST4 4BA2
£98K04/230.5 mi233, Campbell Road, Stoke-on-trent ST4 4EN2
£93K03/240.5 mi231, Campbell Road, Stoke-on-trent ST4 4EN2
£137.5K11/200.5 mi34, Hawthorne Avenue, Stoke-on-trent ST4 6NZ2
£155K07/230.55 mi45, Chamberlain Avenue, Stoke-on-trent ST4 5EN2
£139.5K04/230.55 mi52, Trent Valley Road, Stoke-on-trent ST4 5JA2
£117.5K11/210.55 mi64, Trent Valley Road, Stoke-on-trent ST4 5JA2
£90K06/230.56 mi203, Campbell Road, Stoke-on-trent ST4 4EL2
£75K10/210.56 mi109, Birks Street, Stoke-on-trent ST4 4HE2
£75K02/210.56 mi97, Birks Street, Stoke-on-trent ST4 4HE2
£101.8K12/200.57 mi11, Stonewood Close, Stoke-on-trent ST4 6SL2

Local Rents

24 rents from £585/mo to £3K/mo, average is £797/mo.

RentDateDistanceAddressBeds 
£73501/250.03 mi-2
£3,05001/240.04 mi-2
£3,05009/240.04 mi-2
£3,05008/240.04 mi-2
£3,05008/240.04 mi-2
£3,05012/240.04 mi-2
£3,05012/240.04 mi-2
£72508/240.06 mi-2
£78512/240.06 mi-2
£70009/240.11 miNeville Street, Oakhill, Stoke-On-Trent, ST42
£77008/240.11 mi-2
£85002/250.13 mi-2
£79503/250.3 mi-2
£74509/240.32 miSouth Terrace, Churchlands, Stoke On Trent, Staffordshire, ST42
£75012/240.32 mi-2
£72512/240.35 mi-2
£58503/250.4 mi-2
£99502/250.49 mi-2
£79903/250.52 mi-2
£75009/240.53 miLowndes Close, Stoke-On-Trent2
£85012/240.55 mi-2
£79509/240.56 miCroft Crescent, Penkhull, Stoke-on-Trent ST42
£84502/250.6 mi-2
£80012/240.61 mi-2

Local Area Statistics

Population in ST4

56,870

Population in Stoke-on-Trent

347,755

Town centre distance

3.71 miles away

Nearest school

0.20 miles away

Nearest train station

1.31 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £100,000

November 14, 2024

Sold for £81,000

2006

Sold for £48,600

2003

Sold for £21,500

1995

Floor Plans

Description

  • A mid Town House +
  • In need of updating +
  • Two Bedrooms +
  • First Floor Bathroom W.C. +
  • Gardens front and rear +
  • Close to all Amenities +
  • Ideal Investment Property +
  • Gas Central Heating +
  • Double glazing +

DRAFT DETAILS. This is a mid town house situated in Oakhill on the outskirts of Stoke town Centre, where there are shopping facility, Railway station, public transport links, in reach of the M6 Junction 15 and the UHNM Hospital is nearby.  The property has entrance hall, lounge, fitted kitchen with built in oven and hob. Two bedrooms to the first floor, bathroom W.C. The property is in need of updating throughout, benefits from gas central heating, double glazing and an enclosed garden to the rear. Ideal for investment. EPC rating: D. Tenure: Freehold,

Agent Details

Northwood, Stoke-on-Trent

01782 890590

Next Steps?

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