2 Bed Terraced House, Refurb/BRRR, Stoke-on-Trent, ST8 7QH, £105,000

29 Outclough Road, Brindley Ford, ST8 7QH - 5 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~68 m²
+13 photos

ValuationFair Value

Sold Prices£55K - £301K
Sold Prices/m²£797/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£104,909

 

 

End Value (After Refurb)

£114,392

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£26,250

Stamp Duty & Legal Fees

£6,450

Refurb Costs

£28,969

Bridging Loan Interest

£2,756

Total Cash In

£66,175

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£114,392

Mortgage (After Refinance)

£85,794

Mortgage LTV

75%

Cash Released

£7,044

Cash Left In

£59,131

Equity

£28,598

Rent Range

£550 - £1,400

Rent Estimate

£827

Running Costs/mo

£543

Cashflow/mo

£284

Cashflow/yr

£3,410

ROI

5%

Gross Yield

9%

Local Sold Prices

48 sold prices from £55K to £301K, average is £115K. £797/m² to £3.9K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£119K10/230.01 mi13, Outclough Road, Brindley Ford, Stoke-on-trent ST8 7QH2
£115K12/210.07 mi29, Barmouth Grove, Brindley Ford, Stoke-on-trent ST8 7QE2
£126.5K01/240.1 mi1, Finch Street, Brindley Ford, Stoke-on-trent ST8 7QQ2
£145K04/240.11 mi12, Finch Place, Brindley Ford, Stoke-on-trent ST8 7RE2
£142.5K04/230.11 mi9, Finch Place, Brindley Ford, Stoke-on-trent ST8 7RE2
£137K03/230.31 mi9, New Buildings, Knypersley, Stoke-on-trent, Staffordshire ST8 7QA2
£301K10/230.32 miHigh View, Peck Mill Lane, Brindley Ford, Stoke-on-trent ST8 7QR2
£107K05/230.55 mi7, Handley Street, Packmoor, Stoke-on-trent ST7 4SJ2
£130K02/230.56 mi11, Rainham Grove, Stoke-on-trent ST6 6UU2
£124K03/210.6 mi16, Marshland Grove, Stoke-on-trent ST6 6UT2
£140K02/230.6 mi19, Woodruff Close, Packmoor, Stoke-on-trent ST7 4UL2
£165K08/230.62 mi22, Victoria Row, Knypersley, Stoke-on-trent, Staffordshire ST8 7PU2
£165.7K09/210.65 mi6, Hopton Way, Stoke-on-trent ST6 6UF2
£105K11/230.67 mi37, Carr Street, Packmoor, Stoke-on-trent ST7 4SP2
£82.5K01/240.67 mi19, Carr Street, Packmoor, Stoke-on-trent ST7 4SP2
£102.5K01/230.67 mi15, Carr Street, Packmoor, Stoke-on-trent ST7 4SP2
£95K11/210.67 mi41, Carr Street, Packmoor, Stoke-on-trent ST7 4SP2
£249K09/230.68 mi79, Mellor Street, Packmoor, Stoke-on-trent ST7 4SN2
£55K09/230.71 mi64, Mellor Street, Packmoor, Stoke-on-trent ST7 4SW2
£110K03/240.72 mi121, Brown Lees Road, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PN2
£201.5K06/210.73 mi14, Greenmoor Avenue, Stoke-on-trent ST6 6UQ2
£90K09/210.75 mi20, Samuel Street, Packmoor, Stoke-on-trent ST7 4SR2
£82K10/210.75 mi38, Samuel Street, Packmoor, Stoke-on-trent ST7 4SR2
£105K12/210.75 mi52, Samuel Street, Packmoor, Stoke-on-trent ST7 4SR2
£95K10/210.75 mi53, Samuel Street, Packmoor, Stoke-on-trent ST7 4SR2
£105K05/240.75 mi38, Samuel Street, Packmoor, Stoke-on-trent ST7 4SR2
£95K01/240.75 mi34, Samuel Street, Packmoor, Stoke-on-trent ST7 4SR2
£110K08/240.75 mi52, Samuel Street, Packmoor, Stoke-on-trent ST7 4SR2
£91.5K05/230.75 mi36, Samuel Street, Packmoor, Stoke-on-trent ST7 4SR2
£97.5K08/230.75 mi31, Samuel Street, Packmoor, Stoke-on-trent ST7 4SR2
£68K12/220.76 mi47, Thomas Street, Packmoor, Stoke-on-trent ST7 4SS2
£115K03/210.76 mi141, Oversley Road, Stoke-on-trent ST6 6TT2
£120K12/210.76 mi13, Thomas Street, Packmoor, Stoke-on-trent ST7 4SS2
£80K03/210.77 mi70, Railway Cottages, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PL2
£80K03/210.77 mi70, Railway Cottages, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PL2
£115K06/210.77 mi74, Railway Cottages, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PL2
£99K04/210.81 mi470, Turnhurst Road, Packmoor, Stoke-on-trent ST7 4QF2
£115K12/200.81 mi464, Turnhurst Road, Packmoor, Stoke-on-trent ST7 4QF2
£114K06/230.83 mi454, Turnhurst Road, Packmoor, Stoke-on-trent ST7 4QQ2
£167K05/240.86 mi47, Scragg Street, Packmoor, Stoke-on-trent ST7 4QJ2
£148K10/230.88 mi14b, Newtown, Newchapel, Stoke-on-trent, Staffordshire ST7 4QA2
£127.5K10/200.89 mi4, Bateman Avenue, Brown Lees, Stoke-on-trent, Staffordshire ST8 6TD2
£140K07/230.9 mi9, Brown Lees Road, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PJ2
£180K04/240.9 mi43, Brown Lees Road, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PJ2
£115K01/240.94 mi13, Newtown, Newchapel, Stoke-on-trent, Staffordshire ST7 4PZ2
£165K02/230.94 mi2, Farnham Drive, Brown Lees, Stoke-on-trent, Staffordshire ST8 6TB2
£185K02/210.97 mi21, Heron Close, Packmoor, Stoke-on-trent ST7 4GS2
£280K11/210.97 mi10, Woodpecker Drive, Packmoor, Stoke-on-trent ST7 4GJ2

Local Rents

50 rents from £550/mo to £1.4K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£80003/250.16 mi-3
£1,40008/230.63 mi-3
£87011/240.7 mi-3
£55004/230.74 mi-2
£62510/240.74 mi-2
£55012/240.87 mi-1
£62501/250.87 mi-1
£84512/240.89 mi-2
£60012/240.99 mi-1
£1,05012/241 mi-3
£97504/251 mi-3
£94502/241.02 mi-3
£94509/241.02 mi-3
£1,30012/241.02 mi-3
£90012/241.03 mi-3
£1,10003/251.05 mi-3
£85009/241.05 miOxford Road, Fegg Hayes, Stoke-on-Trent, ST63
£69509/241.07 mi-2
£85003/251.07 mi-2
£69509/241.1 miLowhurst Drive, Chell2
£85004/251.12 mi-2
£70012/241.16 mi-3
£65006/231.2 mi-2
£1,10009/241.32 miPennyfields Road, Newchapel, Stoke-On-Trent, Staffordshire, ST74
£80001/251.32 mi-3
£1,05009/241.35 mi-3
£70012/231.35 mi-2
£92509/241.37 miCatharine road3
£62509/241.38 miWilliamson Avenue, Ball Green, Stoke-on-Trent2
£89509/241.39 miCornhill Road, Chell Heath, Stoke-on-Trent, Staffordshire, ST63
£90002/251.41 mi-2
£80009/241.42 mi-3
£80004/251.44 mi-2
£87508/241.45 mi-3
£79509/241.47 miLapwing Road, Kidsgrove, Stoke- On- Trent2
£79509/241.47 miZodiac Drive, Packmoor1
£90009/241.48 miHigh Lane, Stoke-on-Trent2
£99512/241.51 mi-3
£99512/241.51 mi-3
£70004/251.51 mi-2
£72509/241.52 miBishop Road, Chell, Stoke-on-Trent, ST62
£75008/241.54 mi-3
£82512/241.54 mi-3
£82512/241.54 mi-3
£1,10004/251.6 mi-2
£57502/241.61 mi-2
£82503/251.61 mi-2
£72512/241.62 mi-2
£65004/241.62 mi-2
£67003/251.62 mi-2

Local Area Statistics

Population in ST8

20,197

Population in Stoke-on-Trent

347,755

Town centre distance

3.45 miles away

Nearest school

0.70 miles away

Nearest train station

2.63 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £105,000

November 22, 2024

Floor Plans

Description

  • Perfect For First Time Buyers. +
  • Two Double Bedrooms. +
  • Large Upstairs Family Bathroom. +
  • Car Park At The Rear. +
  • Cellar, Outside WC And Outbuilding. +
  • We Are Led To Believe That The Property Is Freehold And Council Tax Band A. +

Here at Carters, we are pleased to welcome to the market this charming mid-terrace house which is perfect for first-time buyers and savvy investors alike.

Although it requires a touch of modernisation, this house presents a fantastic opportunity to create a personalised space that suits your style and needs. Imagine the possibilities as you add your own flair and taste. One of the standout features of this property is the courtyard, outbuildings, and a car park located at the rear. These additional spaces offer versatility and convenience, providing room for outdoor relaxation and storage. Upon entering the property, you are welcomed into a large entrance hall which has access into two large reception rooms, and a kitchen to the rear. Heading upstairs, there is a larger than average main bedroom to the front of the property, a double bedroom to the rear and also a great sized family bathroom.
Conveniently situated with great transport links right on your doorstep, commuting and exploring the surrounding areas couldn't be easier. Whether you're heading to work or planning a weekend adventure, this location offers the best of both worlds. There is easy and direct access to Biddulph Valley Way to be enjoyed as well as the impressive and historic Knypersley Reservoir just a short drive away, which is very much loved by ramblers and cyclists alike.

Don't miss out on the chance to make this house your home. Embrace the potential, envision the future, and seize this opportunity to create a space that reflects your unique taste and lifestyle. Book a viewing today and step into the beginning of your next chapter in this inviting property.
Call the team at Carters on .

Entrance Hall - UPVC double glazed entrance door to the front elevation with fan light above.
Original coving. Radiator. Stairs to the first floor leading off.

Living Room - 4.04m x 2.92m (13'03 x 9'07) - UPVC double glazed, bay window to the front elevation.
Original coving. Gas fireplace with stone surround and tiled hearth. Radiator.

Dining Room - 3.66m x 3.07m (12 x 10'01) - UPVC double glazed window to the rear elevation.
Decorative ceiling beams. Picture rail. Gas fireplace with stone surround, wooden mantle and tiled hearth. Access to under stairs storage and the cellar. Radiator.

Kitchen - 3.00m x 1.78m (9'10 x 5'10) - UPVC double glazed entrance door and window to the side elevation.
A selection of wall, drawer and base units with an inset stainless steel sink, mixer tap and drainer. A Freestanding cooker with extractor hood. Space for a fridge/freezer. Space and plumbing for a washing machine. Laminate flooring.

First Floor Landing - Loft access. Storage cupboard.

Bedroom One - 3.45m x 5.03m (11'04 x 16'06) - UPVC double glazed window to the front elevation.
Radiator.

Bedroom Two - 3.68m x 3.10m (12'01 x 10'02) - UPVC double glazed window to the rear elevation.
Radiator.

Bathroom - UPVC double glazed window to the rear elevation.
A three piece suite comprising of an oversized shower enclosure with a wall mounted shower, a pedestal hand wash basin unit and a low level WC. Radiator. Vinyl flooring.

Cellar - 3.40m x 3.33m (11'02 x 10'11) - Window to the front elevation. Lighting. Radiator.

Exterior - The rear courtyard is block paved and gated. There is parking available to the rear (subject to land owners conditions). There is also an outbuilding for storage and an outside WC.
To the front there is a small forecourt.

Outbuilding - Boiler. Storage.

Outside Wc - Low level WC. Outside tap. Tiled floor.

Additional Information - We are led to believe that the property is Freehold and Council Tax Band A.

PROPERTY SIZE: APPROX 818 square feet / 76 square metres.

Agent Details

Carters Estate Agents Ltd, Biddulph

01782 890258

Next Steps?

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