2 Bed Terraced House, Refurb/BRRR, Stoke-on-Trent, ST6 6EQ, £80,000

151 King William Street, Stoke-on-trent, Stoke-on-trent, ST6 6EQ - 8 views - 5 months ago

Refurb/BRRR
ROI: 1%
65 m²

ValuationOvervalued

Sold Prices£45K - £157.5K
Sold Prices/m²£638/m² - £2.4K/m²

 

 

Square Metres

64.88 m²
Price/m²£1.2K/m²

Value Estimate

£68,000

 

 

End Value (After Refurb)

£95,098

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Refurb Costs

£26,291

Bridging Loan Interest

£2,100

Total Cash In

£53,741

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£95,098

Mortgage (After Refinance)

£71,324

Mortgage LTV

75%

Cash Released

£11,324

Cash Left In

£42,417

Equity

£23,775

Rent Range

£425 - £1,050

Rent Estimate

£450

Running Costs/mo

£407

Cashflow/mo

£43

Cashflow/yr

£514

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £45K to £157.5K, average is £84.5K. £638/m² to £2.4K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£82K07/210.1 mi110, King William Street, Stoke-on-trent ST6 6EJ2
£95K07/230.1 mi110, King William Street, Stoke-on-trent ST6 6EJ2
£67K08/230.1 mi80, King William Street, Stoke-on-trent ST6 6EJ2
£68K08/230.11 mi73, King William Street, Stoke-on-trent ST6 6EG2
£80K05/230.11 mi102, Pinnox Street, Stoke-on-trent ST6 6AD2
£136.5K08/230.14 mi12, Melstone Avenue, Stoke-on-trent ST6 6EX2
£115K11/200.14 mi27, Melstone Avenue, Stoke-on-trent ST6 6EX2
£115K01/210.14 mi5, Melstone Avenue, Stoke-on-trent ST6 6EX2
£84K12/200.21 mi6, Gibson Street, Stoke-on-trent ST6 6AQ2
£53K03/210.21 mi38, Gibson Street, Stoke-on-trent ST6 6AQ2
£73K06/210.3 mi39, Salisbury Street, Stoke-on-trent ST6 6BS2
£91K11/210.32 mi10, Arthur Street, Stoke-on-trent ST6 6BH2
£55K12/200.35 mi43, Coronation Street, Stoke-on-trent ST6 6BU2
£60K10/230.35 mi29, Coronation Street, Stoke-on-trent ST6 6BU2
£75K04/230.36 mi39, Stanley Street, Stoke-on-trent ST6 6BX2
£91.5K06/230.37 mi32, Edge Street, Stoke-on-trent ST6 4HJ2
£98K12/200.37 mi82, Chatterley Street, Stoke-on-trent ST6 4HL2
£137.5K04/230.38 mi11, Aldersea Close, Stoke-on-trent ST6 4DY2
£109K06/210.38 mi5, Aldersea Close, Stoke-on-trent ST6 4DY2
£135K09/230.42 mi6, Warreners Walk, Stoke-on-trent ST6 5SF2
£62K11/210.42 mi25, Kenworthy Street, Stoke-on-trent ST6 6DF2
£95K11/200.43 mi60, Sunnyside Avenue, Stoke-on-trent ST6 6EB2
£45K11/210.44 mi141, Haywood Road, Stoke-on-trent ST6 7AR2
£127K11/200.45 mi40, Clandon Avenue, Tunstall, Stoke-on-trent ST6 5UT2
£155K06/230.45 mi40, Clandon Avenue, Tunstall, Stoke-on-trent ST6 5UT2
£106K11/210.46 mi36, Crossley Road, Stoke-on-trent ST6 7AJ2
£95K04/210.49 mi75, Clandon Avenue, Stoke-on-trent ST6 5UX2
£142K02/230.5 miDelia, Ambleside Place, Stoke-on-trent ST6 7ES2
£157.5K04/210.51 mi159, Victoria Park Road, Stoke-on-trent ST6 6DY2
£49.3K04/210.53 mi51, Nash Peake Street, Stoke-on-trent ST6 5BS2
£105K12/200.54 mi9, Jean Close, Stoke-on-trent ST6 7BH2
£55K03/210.54 mi24, Wain Street, Stoke-on-trent ST6 4ES2
£93K06/230.56 mi114, Davenport Street, Stoke-on-trent ST6 4LG2
£80K05/210.58 mi24, Avonside Avenue, Stoke-on-trent ST6 6EA2
£80K06/230.58 mi26, Bank Street, Stoke-on-trent ST6 5HW2
£49K02/230.58 mi16, Scotia Road, Stoke-on-trent ST6 4EP2
£73K02/230.58 mi7, Patterdale Street, Stoke-on-trent ST6 7ET2
£97.5K03/210.6 mi44, Bycars Road, Stoke-on-trent ST6 1BY2
£80K04/210.6 mi15, Clanway Street, Stoke-on-trent ST6 5UG2
£95K05/210.62 mi41, Knight Street, Stoke-on-trent ST6 5HY2
£61K04/230.62 mi4, Parsonage Street, Stoke-on-trent ST6 5HL2
£91.5K09/230.62 mi58, Broomhill Street, Stoke-on-trent ST6 5JD2
£68K12/200.62 mi29, Broomhill Street, Stoke-on-trent ST6 5JB2
£85K09/230.62 mi5, Broomhill Street, Stoke-on-trent ST6 5JB2
£74.5K03/230.63 mi43, St Aidans Street, Stoke-on-trent ST6 5HQ2
£67.5K05/210.63 mi11, St Aidans Street, Stoke-on-trent ST6 5HQ2
£148.5K12/200.64 mi416, High Lane, Stoke-on-trent ST6 7BN2
£73K12/210.64 mi64, St Aidans Street, Stoke-on-trent ST6 5HH2
£80K12/200.68 mi27, Louise Street, Stoke-on-trent ST6 1AS2
£127.5K07/230.68 mi94, Carlton Avenue, Stoke-on-trent ST6 7HQ2

Local Rents

24 rents from £425/mo to £1.1K/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£42509/240.02 miKing William Street; Tunstall; ST62
£67512/240.03 mi-2
£85012/240.08 mi-2
£70003/250.08 mi-2
£55001/250.12 mi-2
£52509/240.2 mi-2
£60003/250.3 mi-2
£70009/240.33 mi-2
£62509/240.33 mi-2
£85012/240.36 mi-2
£75002/250.38 mi-2
£1,05012/240.42 mi-2
£85004/250.42 mi-2
£75009/240.49 miClandon Avenue, Tunstall, ST62
£62502/250.5 mi-2
£59512/240.54 mi-2
£67509/240.55 miNorton Avenue, Burslem, ST62
£55002/240.55 mi-2
£59512/240.57 mi-2
£59512/240.57 mi-2
£50009/240.6 miManchester Court, Burslem, Stoke On Trent, ST62
£59509/240.6 miFederation Road, Burslem, Stoke-on-Trent, ST62
£55012/240.61 mi-2
£69509/240.62 miBroomhill Street, Tunstall2

Local Area Statistics

Population in ST6

64,608

Population in Stoke-on-Trent

347,755

Town centre distance

2.16 miles away

Nearest school

0.20 miles away

Nearest train station

1.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £80,000

November 14, 2024

Sold for £50,000

2019

Sold for £59,000

2005

Sold for £19,000

2002

Sold for £8,500

2000

Floor Plans

Description

  • A mid Terrace House +
  • Ideal Investment Property +
  • Two Reception Rooms +
  • Two Double Bedrooms +
  • Kitchen +
  • Close to Tunstall Town Centre +
  • Being sold with tenant in situ +

DRAFT DETAILS. BEING SOLD WITH TENANT IN SITU, This is a great opportunity to purchase a mid terraced house being close to Tunstall Town Centre where there are plenty of shopping facilities, public transport, local schools and within reach of the Haywood Hospital. The property is in need of some updating but comprises of two reception rooms, fitted kitchen, ground floor bathroom and two double bedrooms, to the outside there is a paved yard area. Further benefits are combi gas heating and double glazing. Currently achieving £450 pcm this could be increased to £550pcm/ Viewing recommended. EPC rating: D. Tenure: Freehold,

Agent Details

Northwood, Stoke-on-Trent

01782 890590

Next Steps?

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