2 Bed Terraced House, Refurb/BRRR, Stoke-on-Trent, ST4 7HF, £115,000

13 Wadham Street, Stoke-on-trent, Stoke-on-trent, ST4 7HF - 6 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 5%
77 m²
+10 photos

ValuationFair Value

Sold Prices£55K - £320K
Sold Prices/m²£857/m² - £3.4K/m²

 

 

Square Metres

77.18 m²
Price/m²£1.5K/m²

Value Estimate

£117,241

 

 

End Value (After Refurb)

£131,460

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,800

Refurb Costs

£31,527

Bridging Loan Interest

£3,019

Total Cash In

£69,846

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£131,460

Mortgage (After Refinance)

£98,595

Mortgage LTV

75%

Cash Released

£12,345

Cash Left In

£57,501

Equity

£32,865

Rent Range

£412 - £2,700

Rent Estimate

£896

Running Costs/mo

£610

Cashflow/mo

£286

Cashflow/yr

£3,432

ROI

5%

Gross Yield

9%

Local Sold Prices

49 sold prices from £55K to £320K, average is £120K. £857/m² to £3.4K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£145K02/210.05 miLynton, Frederick Avenue, Stoke-on-trent ST4 7HB2
£88K03/210.05 mi75, Oxford Street, Stoke-on-trent ST4 7EQ2
£97K02/210.06 mi86, Oxford Street, Stoke-on-trent ST4 7EH2
£120K04/210.06 mi68, Oxford Street, Stoke-on-trent ST4 7EH2
£106K03/230.07 mi5, Harris Street, Stoke-on-trent ST4 7EZ2
£152K08/230.07 mi122, Richmond Street, Stoke-on-trent ST4 7DU2
£152K08/230.07 mi122, Richmond Street, Stoke-on-trent ST4 7DU2
£110K04/240.08 mi23, Balliol Street, Stoke-on-trent ST4 7HQ2
£110K04/240.09 mi253, Princes Road, Stoke-on-trent ST4 7JT2
£111.5K07/230.09 mi28, Watson Street, Stoke-on-trent ST4 7EY2
£112.5K11/200.1 mi43, Greatbatch Avenue, Stoke-on-trent ST4 7JX2
£138K01/230.1 mi33, Greatbatch Avenue, Stoke-on-trent ST4 7JX2
£115K12/200.11 mi49, Brighton Street, Stoke-on-trent ST4 7HH2
£126K06/230.11 mi49, Brighton Street, Stoke-on-trent ST4 7HH2
£137K09/230.15 mi23, Gerrard Street, Stoke-on-trent ST4 7DS2
£131K07/240.15 mi25, Gerrard Street, Stoke-on-trent ST4 7DS2
£100K12/200.15 mi21, Oxford Street, Stoke-on-trent ST4 7EG2
£97K03/210.15 mi41, Oxford Street, Stoke-on-trent ST4 7EG2
£230K02/210.17 mi167, Hartshill Road, Stoke-on-trent ST4 7LU2
£320K03/240.17 mi167, Hartshill Road, Stoke-on-trent ST4 7LU2
£162.5K10/230.18 mi92, Honeywall, Stoke-on-trent ST4 7HT2
£120K01/210.19 mi71, Greatbatch Avenue, Stoke-on-trent ST4 7JY2
£128K01/230.19 mi83, Greatbatch Avenue, Stoke-on-trent ST4 7JY2
£80K11/230.2 mi13, Gresty Street, Stoke-on-trent ST4 7HR2
£78K01/210.25 mi7, Floyd Street, Stoke-on-trent ST4 7RT2
£149.9K04/210.26 mi31, Yoxall Avenue, Stoke-on-trent ST4 7JJ2
£85K02/240.27 mi50, Lewis Street, Stoke-on-trent ST4 7RS2
£78K08/230.28 mi15, Sharman Close, Stoke-on-trent ST4 7LS2
£115K01/240.29 mi46, Yoxall Avenue, Stoke-on-trent ST4 7JH2
£129K04/210.3 mi170, North Street, Stoke-on-trent ST4 7DG2
£132K06/230.3 mi172, North Street, Stoke-on-trent ST4 7DG2
£118K10/230.3 mi180, North Street, Stoke-on-trent ST4 7DG2
£220K07/240.3 mi1a, Doncaster Lane, Stoke-on-trent ST4 7LE2
£55K11/230.31 mi11, Lewis Street, Stoke-on-trent ST4 7RR2
£55K11/230.31 mi4, Lewis Street, Stoke-on-trent ST4 7RR2
£108K03/230.35 mi27, Bath Street, Stoke-on-trent ST4 7QR2
£150K04/240.35 mi6, Bath Street, Stoke-on-trent ST4 7QR2
£163K07/210.39 mi19, Franklin Road, Stoke-on-trent ST4 5DS2
£315K09/230.39 mi26, Franklin Road, Stoke-on-trent ST4 5DS2
£190K08/240.39 mi19, Franklin Road, Stoke-on-trent ST4 5DS2
£112K02/240.4 mi16, Manor Court Street, Stoke-on-trent ST4 5DW2
£140K01/210.42 mi87, Chamberlain Avenue, Stoke-on-trent ST4 5EQ2
£95K06/210.42 mi42, Penkhull New Road, Stoke-on-trent ST4 5DB2
£144.5K01/210.43 mi30, Vicarage Road, Stoke-on-trent ST4 7NL2
£75K12/230.43 mi5, Leason Street, Stoke-on-trent ST4 1PP2
£60K07/240.43 mi21, Leason Street, Stoke-on-trent ST4 1PP2
£154K03/230.46 mi23, Lodge Road, Stoke-on-trent ST4 5DT2
£160K04/230.46 mi33, Lodge Road, Stoke-on-trent ST4 5DT2
£167K06/230.46 mi19, Lodge Road, Stoke-on-trent ST4 5DT2

Local Rents

50 rents from £412/mo to £2.7K/mo, average is £788/mo.

RentDateDistanceAddressBeds 
£69503/250.07 mi-2
£2,10012/240.15 mi-2
£85004/250.16 mi-2
£65009/240.2 miOxford Street, Stoke-On-Trent2
£69509/240.2 miHartshill House, St. Andrews Square, Stoke-on-Trent, ST4 7GD2
£72509/240.2 miHartshill House, St. Andrews Square, Stoke-on-Trent, ST4 7GD2
£85009/240.2 mi-2
£85009/240.2 miTolkien Way, Staffordshire, ST42
£85012/240.21 mi-2
£1,00012/240.25 mi-2
£62009/240.29 mi-2
£41203/250.3 mi-2
£2,70009/240.32 mi-2
£72512/240.38 mi-2
£72512/240.38 mi-2
£80012/240.41 mi-2
£75001/250.41 mi-2
£75002/250.41 mi-2
£75002/250.41 mi-2
£78012/240.42 mi-2
£55012/240.44 mi-2
£55012/240.44 mi-2
£85012/240.44 mi-2
£85002/250.46 mi-2
£72509/240.47 miMinton Street; Hartshill; ST42
£85012/240.48 mi-2
£80012/240.48 mi-2
£70012/240.5 mi-2
£79509/240.5 miCroft Crescent, Penkhull, Stoke-on-Trent ST42
£69512/240.51 mi-2
£1,20012/240.51 mi-2
£85003/250.51 mi-2
£70012/240.52 mi-2
£85012/240.55 mi-2
£82512/240.56 mi-2
£70003/250.57 mi-2
£75009/240.58 miLowndes Close, Stoke-On-Trent2
£82509/240.58 miBob Mcgrory Street, Stoke-On-Trent2
£72509/240.58 miPenstock Drive, Etruria2
£1,97512/240.58 mi-2
£65009/240.58 miFletcher Road, Stoke-On-Trent2
£1,50002/240.59 mi-2
£1,50001/250.59 mi-2
£1,50002/250.59 mi-2
£65009/240.59 miHartshill Road, Hartshill, ST42
£67509/240.59 miSeaford Street, Shelton, ST4 2EU2
£79512/240.6 mi-2
£87512/240.6 mi-2
£79509/240.61 miTattershall Court, Etruria2
£78004/250.61 mi-2

Local Area Statistics

Population in ST4

56,870

Population in Stoke-on-Trent

347,755

Town centre distance

2.75 miles away

Nearest school

0.20 miles away

Nearest train station

0.54 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Price changed to £115,000

February 8, 2025

Listed for £120,000

November 21, 2024

Sold for £107,000

2007

Sold for £66,000

2006

Floor Plans

Description

  • Two Large Bedrooms +
  • Mid Terraced Property +
  • Ideal For First Time Buyers / Investors +
  • Close To University Hospital +
  • Council Tax Band A +
  • Private Rear Courtyard +
  • No Upward Chain! +
  • First Floor Bathroom +
  • Take A 360° Virtual Tour Online Now +
  • Schedule Viewings 24/7 +

The Property
Welcome to 13 Wadham Street, a deceptively spacious and well-located 2-bedroom terraced property in a sought-after area of Stoke-on-Trent. This fantastic home offers excellent potential for first-time buyers, families, or investors, with a layout that is both practical and versatile.

Ground Floor

Upon entering the property, you are welcomed into a large hallway, setting the tone for the space and character within. The hallway leads to a spacious open-plan lounge and dining room, a bright and versatile space perfect for relaxing, entertaining, or family meals. This open area provides flexibility in how it is used while maintaining a cozy yet contemporary feel.

The dining room flows seamlessly into the kitchen, located at the rear of the property. The kitchen is functional and offers ample storage and workspace, making it the ideal spot for preparing meals.

First Floor

Upstairs, you’ll find two generously sized double bedrooms, both offering plenty of space for furniture and personalization. The family bathroom is also located on this floor, featuring a modern suite with a bath and shower.

Outdoor Space

To the rear of the property, there is a low-maintenance courtyard garden with the added bonus of an outbuilding, ideal for additional storage or potential conversion into a workshop or utility space.

Condition

While the property is in need of some minor refurbishments, it presents an excellent opportunity for buyers to put their own stamp on the home.

Location
Location

Situated on Wadham Street, this property enjoys a prime location close to a range of amenities, including shops, schools, and parks. Stoke town center and the bustling cultural hub of Hanley are just a short drive away, offering a variety of dining, shopping, and entertainment options.

For commuters, the property benefits from excellent transport links, with Stoke-on-Trent railway station, major bus routes, and easy access to the A500, A50, and M6 motorway all within reach.

Summary

13 Wadham Street offers a fantastic opportunity to own a spacious property in a highly desirable location. With its generous layout, excellent potential, and convenient position, this home is ideal for buyers looking to create their perfect space. Don’t miss out—schedule your viewing today and see all that this charming property has to offer!

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Stoke-on-Trent

020 3909 0326

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪