Potential 4-Bed HMO, Stoke-on-Trent, ST4 4AP, £99,950

112 Yeaman Street, Stoke-On-Trent, ST4 4AP - 20 views - 4 months ago

Sold STC
Auction
HMO
Refurb/BRRR
ROI: 12%
~93 m²
+6 photos

ValuationFair Value

Sold Prices£64K - £301K
Sold Prices/m²£801/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.1K/m²

Value Estimate

£100,950

 

 

End Value (After Refurb)

£117,336

Uplift in Value

+17%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£24,988

Stamp Duty & Legal Fees

£4,199

Refurb Costs

£37,989

Bridging Loan Interest

£2,624

Total Cash In

£71,549

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£117,336

Mortgage (After Refinance)

£88,002

Mortgage LTV

75%

Cash Released

£13,040

Cash Left In

£58,509

Equity

£29,334

Room Rate

£468

Gross Rent

£1,872

Running Costs/mo

£1,175

Cashflow/mo

£697

Cashflow/yr

£8,362

ROI

12%

Gross Yield

22%

Local Sold Prices

47 sold prices from £64K to £301K, average is £145K. £801/m² to £2.8K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£110K06/230.11 mi87, Campbell Road, Stoke-on-trent ST4 4DZ3
£68K04/210.19 mi56, Selwyn Street, Stoke-on-trent ST4 1EE3
£64K02/210.21 mi80, Cornwallis Street, Stoke-on-trent ST4 1EA3
£135K11/200.23 mi8, Bath Street, Stoke-on-trent ST4 7QR3
£125K05/210.24 mi8, Sheppard Street, Stoke-on-trent ST4 5AE3
£132.5K02/210.29 mi37, Boon Avenue, Stoke-on-trent ST4 7QW3
£152K05/240.29 mi27, Boon Avenue, Stoke-on-trent ST4 7QW3
£209K01/230.3 mi30, Hunters Way, Stoke-on-trent ST4 5EJ3
£145K08/210.3 mi17, Fontaine Place, Stoke-on-trent ST4 4BW3
£125K10/210.3 mi62, Boon Avenue, Stoke-on-trent ST4 7QP3
£130K02/230.3 mi70, Boon Avenue, Stoke-on-trent ST4 7QP3
£122.5K11/210.3 mi112, Campbell Road, Stoke-on-trent ST4 4DX3
£75K07/230.32 mi5, Sillitoe Place, Stoke-on-trent ST4 5DQ3
£164K11/200.34 mi4, Nave Road, Stoke-on-trent ST4 5BT3
£165K08/210.35 mi6, Lychgate Close, Stoke-on-trent ST4 5BZ3
£218K12/200.35 mi2, Lychgate Close, Stoke-on-trent ST4 5BZ3
£155K09/210.37 mi17, Colindene Grove, Stoke-on-trent ST4 5EH3
£150K11/200.37 mi15, Colindene Grove, Stoke-on-trent ST4 5EH3
£90.7K02/240.38 mi55, Hunters Way, Stoke-on-trent ST4 5EF3
£198K12/230.38 mi61, Hunters Way, Stoke-on-trent ST4 5EF3
£180K12/200.38 mi6, Holm Close, Stoke-on-trent ST4 4BD3
£149K03/210.38 mi52, Honeywall, Stoke-on-trent ST4 7HX3
£162K01/210.38 mi8, Hunters Drive, Stoke-on-trent ST4 5ED3
£150K01/210.38 mi195, Penkhull New Road, Stoke-on-trent ST4 5DF3
£148K03/210.39 mi37, Steeple Way, Stoke-on-trent ST4 5BX3
£138K02/210.41 mi44, Oxford Street, Stoke-on-trent ST4 7EE3
£128K03/230.42 mi39, Oxford Street, Stoke-on-trent ST4 7EG3
£209K04/240.43 mi9, Bannister Close, Stoke-on-trent ST4 4BY3
£125K03/240.45 mi11, Lynam Street, Stoke-on-trent ST4 7ED3
£198K06/210.46 mi22, Regent Street, Stoke-on-trent ST4 5HG3
£120K07/210.47 mi15, Brighton Street, Stoke-on-trent ST4 7HH3
£168K07/230.47 mi27, Brighton Street, Stoke-on-trent ST4 7HH3
£145K07/240.47 mi21, Brighton Street, Stoke-on-trent ST4 7HH3
£155K07/240.47 mi10, Brighton Street, Stoke-on-trent ST4 7HH3
£132K02/230.47 mi8, Brighton Street, Stoke-on-trent ST4 7HH3
£64K08/230.48 mi3, Minshall Street, Stoke-on-trent ST4 4JL3
£73K06/210.48 mi13, West Parade, Stoke-on-trent ST4 4JN3
£110K01/210.48 mi22, West Parade, Stoke-on-trent ST4 4JN3
£230.5K06/210.49 mi30, St Thomas Place, Stoke-on-trent ST4 7LB3
£175K07/230.5 mi26, Hollybank Crescent, Stoke-on-trent ST4 5AR3
£97.5K05/210.53 mi129, Whieldon Road, Stoke-on-trent ST4 4JG3
£142K03/210.55 mi126, Whieldon Road, Stoke-on-trent ST4 4JJ3
£162K02/230.55 mi1, Willowdale Avenue, Stoke-on-trent ST4 4JQ3
£192.5K05/230.55 mi8, Fairbank Avenue, Stoke-on-trent ST4 5JU3
£220K05/210.56 mi162, Trent Valley Road, Stoke-on-trent ST4 5HL3
£301K11/230.56 mi9, Meliden Way, Stoke-on-trent ST4 5DZ3
£113K04/210.57 mi22, Ainsworth Street, Stoke-on-trent ST4 4JS3

Local Area Statistics

Population in ST4

56,870

Population in Stoke-on-Trent

347,755

Town centre distance

3.05 miles away

Nearest school

0.20 miles away

Nearest train station

0.65 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £99,950

December 4, 2024

Description

  • Large Three Bedroom End of Terrace +
  • Subject to Reserve Price, Buyers fees apply +
  • May Suite Conversion to HMO +
  • For Sale by Modern Auction – T & C's apply +
  • EPC Band D Rating 55 Council Tax A +
  • Ask an adviser to book your viewing +

For sale by Modern Method of Auction: Starting Bid Price £99,950 plus Reservation Fees. A large three bedroom end of terrace property that would suit conversion to flats or HMO subject to appropriate permissions. The property benefits from gas central heating and double glazing requires complete internal modernisation. The property comprises hallway, three reception rooms and a kitchen to the ground floor with three bedrooms and a bathroom to the first floor. At the rear is an enclosed paved yard with a dilapidated garage.This property is for sale by “Regional Auction name powered by iamsold Ltd” or “iamsold Ltd.

Agent Details

Keates, Stoke On Trent

01782 847083

Next Steps?

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