2 Bed Terraced House, Refurb/BRRR, Stoke-on-Trent, ST4 2JT, £65,000

8 Edward Street, Stoke-on-trent, Stoke-on-trent, ST4 2JT - 9 views - 4 months ago

Sold STC

Cash

Refurb/BRRR

ROI: 6%

73 m²

+5 photos

ValuationUndervalued

Sold Prices	£55K - £150K
Sold Prices/m²	£815/m² - £3.2K/m²

Square Metres	72.60 m²
Price/m²	£895/m²
Value Estimate	£66,950£66,950
BMV	3%

End Value (After Refurb)	£84,813£84,813
Uplift in Value	+30%+30%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£16,250£16,250
Stamp Duty & Legal Fees	£3,150£3,150
Refurb Costs	£29,656£29,656
Bridging Loan Interest	£1,706£1,706
Total Cash In	£52,512£52,512

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£84,813£84,813
Mortgage (After Refinance)	£63,610£63,610
Mortgage LTV	75%75%
Cash Released	£14,860£14,860
Cash Left In	£37,653£37,653
Equity	£21,203£21,203
Rent Range	£550 - £850£550 - £850
Rent Estimate	£678
Running Costs/mo	£421£421
Cashflow/mo	£257£257
Cashflow/yr	£3,088£3,088
ROI	6%6%
Gross Yield	13%13%

Local Sold Prices

51 sold prices from £55K to £150K, average is £85K. £815/m² to £3.2K/m², average is £1.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£86.5K	02/23	0 mi	75, Edward Street, Stoke-on-trent ST4 2JT	-	-	2	Terraced House
£55K	08/21	0.02 mi	176, Manor Street, Stoke-on-trent ST4 2JD	-	-	2	Terraced House
£60K	01/21	0.03 mi	156, Victoria Road, Stoke-on-trent ST4 2HQ	£896	67	2	Terraced House
£60K	01/21	0.03 mi	156, Victoria Road, Stoke-on-trent ST4 2HQ	£896	67	2	Terraced House
£55K	02/21	0.03 mi	180, Victoria Road, Stoke-on-trent ST4 2HQ	£815	68	2	Terraced House
£65K	04/21	0.03 mi	160, Victoria Road, Stoke-on-trent ST4 2HQ	£956	68	2	Terraced House
£80.5K	03/24	0.05 mi	21, George Street, Stoke-on-trent ST4 2JS	-	-	2	Terraced House
£77K	03/21	0.08 mi	13, Leopold Street, Stoke-on-trent ST4 2JH	£1,069	72	2	Terraced House
£87K	03/23	0.14 mi	59, Victoria Road, Stoke-on-trent ST4 2HG	£1,225	71	2	Terraced House
£90K	06/24	0.23 mi	36, Hitchman Street, Stoke-on-trent ST4 2HD	£968	93	2	Terraced House
£148K	04/23	0.24 mi	64, Beville Street, Stoke-on-trent ST4 2LH	£3,162	47	2	Semi-Detached House
£90K	05/24	0.25 mi	6, Stanier Street, Stoke-on-trent ST4 3LJ	£1,268	71	2	Terraced House
£108K	04/24	0.26 mi	51, Stanier Street, Stoke-on-trent ST4 3LL	£1,440	75	2	Terraced House
£60K	08/23	0.29 mi	49, Wileman Street, Stoke-on-trent ST4 3LP	-	-	2	Terraced House
£60K	08/23	0.29 mi	49, Wileman Street, Stoke-on-trent ST4 3LP	-	-	2	Terraced House
£105.5K	05/23	0.33 mi	132, Stanier Street, Stoke-on-trent ST4 3LN	-	-	2	Terraced House
£127K	08/23	0.34 mi	12, Philip Street, Stoke-on-trent ST4 3HY	£1,868	68	2	Terraced House
£127K	08/23	0.34 mi	12, Philip Street, Stoke-on-trent ST4 3HY	£1,868	68	2	Terraced House
£105K	10/21	0.34 mi	23, Edison Street, Stoke-on-trent ST4 4NL	-	-	2	Terraced House
£74.5K	12/21	0.35 mi	14, Edison Street, Stoke-on-trent ST4 4NL	£1,096	68	2	Terraced House
£132.5K	10/21	0.37 mi	1, Raglan Walk, Stoke-on-trent ST4 4RH	£1,743	76	2	Terraced House
£115K	03/23	0.37 mi	31, Elliot Road, Stoke-on-trent ST4 3LQ	-	-	2	Terraced House
£92.5K	02/23	0.38 mi	35, Masterson Street, Stoke-on-trent ST4 3QB	£1,083	85	2	Terraced House
£82.5K	03/21	0.38 mi	112, Masterson Street, Stoke-on-trent ST4 4PD	£897	92	2	Terraced House
£70K	06/24	0.39 mi	57, Masterson Street, Stoke-on-trent ST4 3QB	£959	73	2	Terraced House
£150K	02/24	0.4 mi	24, Wedgwood Road, Stoke-on-trent ST4 3LD	£2,143	70	2	Semi-Detached House
£79K	03/21	0.42 mi	12, Ashworth Street, Stoke-on-trent ST4 4NY	£1,235	64	2	Terraced House
£70K	04/23	0.44 mi	17, Alma Street, Stoke-on-trent ST4 4PH	-	-	2	Terraced House
£80K	12/23	0.44 mi	3, Alma Street, Stoke-on-trent ST4 4PH	£1,130	71	2	Semi-Detached House
£75K	12/20	0.45 mi	65, Welby Street, Stoke-on-trent ST4 4PJ	£1,065	70	2	Terraced House
£94K	03/24	0.45 mi	9, Welby Street, Stoke-on-trent ST4 4PJ	£1,362	69	2	Terraced House
£65.5K	12/20	0.46 mi	61, Watkin Street, Stoke-on-trent ST4 4PG	£923	71	2	Terraced House
£104K	10/23	0.47 mi	54, Welby Street, Stoke-on-trent ST4 4PL	£1,496	70	2	Terraced House
£85K	11/23	0.47 mi	64, Marlborough Street, Stoke-on-trent ST4 3QE	£1,118	76	2	Terraced House
£110K	03/21	0.48 mi	23, Park Street, Stoke-on-trent ST4 3JB	£1,886	58	2	Terraced House
£107K	09/21	0.48 mi	49, Park Street, Stoke-on-trent ST4 3JB	£1,845	58	2	Terraced House
£75.5K	01/21	0.49 mi	110, Christchurch Street, Stoke-on-trent ST4 3AN	£899	84	2	Terraced House
£125K	09/23	0.51 mi	2, Brogan Street, Stoke-on-trent ST4 3JY	£1,168	107	2	Terraced House
£110K	12/23	0.58 mi	28, Fenpark Road, Stoke-on-trent ST4 3JU	£1,549	71	2	Terraced House
£100K	04/21	0.6 mi	94, Whieldon Road, Stoke-on-trent ST4 4JD	-	-	2	Semi-Detached House
£85K	01/21	0.62 mi	91, Fenpark Road, Stoke-on-trent ST4 3JT	-	-	2	Terraced House
£78.5K	11/21	0.62 mi	67, Fenpark Road, Stoke-on-trent ST4 3JT	£1,090	72	2	Terraced House
£85K	04/24	0.62 mi	21, Fenpark Road, Stoke-on-trent ST4 3JT	£1,308	65	2	Terraced House
£82K	07/24	0.62 mi	55, Fenpark Road, Stoke-on-trent ST4 3JT	£1,188	69	2	Terraced House
£86K	12/20	0.64 mi	193, Smithpool Road, Stoke-on-trent ST4 4PW	£973	88	2	Terraced House
£84K	08/21	0.65 mi	19, Best Street, Stoke-on-trent ST4 3JN	-	-	2	Terraced House
£60K	03/24	0.65 mi	11, Best Street, Fenton, Stoke-on-trent ST4 3JN	£845	71	2	Terraced House
£88.8K	06/21	0.66 mi	4, Dennis Street, Stoke-on-trent ST4 3JW	£1,233	72	2	Terraced House
£90K	12/23	0.66 mi	15, Dennis Street, Stoke-on-trent ST4 3JW	£1,286	70	2	Semi-Detached House
£130K	09/21	0.68 mi	31, Willow Tree Grove, Stoke-on-trent ST4 3BF	£2,203	59	2	Semi-Detached House
£81K	08/21	0.72 mi	236, Duke Street, Stoke-on-trent ST4 3NT	£1,174	69	2	Terraced House

Local Rents

17 rents from £550/mo to £850/mo, average is £695/mo.

Rent	Date	Distance	Address	Beds	Type
£725	04/25	0.07 mi	-	2	Terraced House
£745	03/25	0.24 mi	-	2	Terraced House
£725	02/25	0.24 mi	-	2	Terraced House
£799	01/25	0.24 mi	-	2	Terraced House
£850	12/24	0.24 mi	-	2	Terraced House
£550	09/24	0.26 mi	Stanier Street; Fenton; ST4	2	Terraced House
£650	12/24	0.3 mi	-	2	Terraced House
£680	02/24	0.39 mi	-	2	Terraced House
£650	02/24	0.4 mi	-	2	Terraced House
£750	01/25	0.41 mi	-	2	Terraced House
£695	10/24	0.43 mi	-	2	Terraced House
£695	09/24	0.44 mi	Alma Street, Fenton, Stoke-on-Trent ST4	2	Terraced House
£595	09/24	0.45 mi	-	2	Terraced House
£595	09/24	0.45 mi	Marlborough Street, Stoke-On-Trent, ST4	2	Terraced House
£650	09/24	0.45 mi	Marlborough Street, Fenton	2	Terraced House
£650	02/24	0.47 mi	-	2	Terraced House
£700	03/25	0.51 mi	-	2	Terraced House

Local Area Statistics

Population in ST4	56,87056,870
Population in Stoke-on-Trent	347,755347,755
Town centre distance	2.57 miles away2.57 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.80 miles away0.80 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+8%+8%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+23%+23%

Property History

Listed for £65,000

December 6, 2024

Sold for £38,500

2010

Description

Victorian Mid Terrace House +
Two Double Bedrooms +
Cash Buyers Only +
In Need of Full Renovation +
Two Reception Rooms +
Back Extension +
Ideal Investment Opportunity +
Popular Fenton Street +
No Chain +
Viewing Strongly Advised +

What an opportunity we have for you here! This Mid Terrace House is primed for a full renovation, a complete blank canvas. CASH BUYERS ONLY. Ideal for investors, it will be a great buy-to-let! Edward Street is a popular Street close to Victoria Roads shops and amenities. The accommodation comprises of: Two Reception Rooms, Back Extension and Two Double Bedrooms. Externally there is a rear Yard. Freehold. Council Tax Band A. Call us for a viewing on , or pop in to see us at 80 Victoria Road, Fenton, ST4 2JX. An early viewing is essential to appreciate the potential.

RECEPTION ROOM 12' 1" x 10' 2" (3.68m x 3.1m) UPVC double glazed entrance door. Doorway into:

RECEPTION ROOM 12' 2" x 11' 4" (3.71m x 3.45m) Under stairs storage area, doorway to the stairs and first floor. Doorway into:

BACK EXTENSION 14' 9" x 6' 0" (4.5m x 1.83m) UPVC double glazed door leading to the Yard.

FIRST FLOOR

FRONT BEDROOM 11' 10" x 10' 1" (3.61m x 3.07m)

BACK BEDROOM 11' 9" x 11' 3" (3.58m x 3.43m) Storage cupboard with access to the loft.

EXTERIOR To the rear there is a pebbled Yard and brick built outbuilding.

Agent Details

Findahome Online Ltd, Stoke-on-Trent

01782 493531

Next Steps?

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