3 Bed Semi-Detached House, Refurb/BRRR, Stoke-on-Trent, ST3 5NZ, £120,000

38 Seddon Road, Meir, Stoke-On-Trent, ST3 5NZ - 17 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 6%
71 m²
+9 photos

ValuationUndervalued

Sold Prices£44K - £275K
Sold Prices/m²£1.1K/m² - £3.6K/m²

 

 

Square Metres

71 m²
Price/m²£1.7K/m²

Value Estimate

£123,600
BMV3%

 

 

End Value (After Refurb)

£140,721

Uplift in Value

+17%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Refurb Costs

£29,011

Bridging Loan Interest

£3,150

Total Cash In

£68,711

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£140,721

Mortgage (After Refinance)

£105,541

Mortgage LTV

75%

Cash Released

£15,541

Cash Left In

£53,170

Equity

£35,180

Rent Range

£700 - £1,700

Rent Estimate

£1,014

Running Costs/mo

£663

Cashflow/mo

£351

Cashflow/yr

£4,217

ROI

6%

Gross Yield

10%

Local Sold Prices

48 sold prices from £44K to £275K, average is £145K. £1.1K/m² to £3.6K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£151K03/240.04 mi10, Seddon Road, Stoke-on-trent ST3 5NZ3
£120K03/230.09 mi43, Waterhead Road, Stoke-on-trent ST3 5NG3
£130K08/230.09 mi46, Bankfield Road, Stoke-on-trent ST3 5NH3
£128K01/240.17 mi17, Bartholomew Road, Stoke-on-trent ST3 5NP3
£115K09/230.17 mi19, Bartholomew Road, Stoke-on-trent ST3 5NP3
£145K05/240.17 mi24, Bartholomew Road, Stoke-on-trent ST3 5NP3
£44K12/200.17 mi27, Leacroft Road, Stoke-on-trent ST3 7AL3
£165K02/230.2 mi28, Anson Road, Stoke-on-trent ST3 7AT3
£110K02/230.2 mi39, Anson Road, Stoke-on-trent ST3 7AT3
£150K08/230.23 mi10, Harrowby Road, Stoke-on-trent ST3 7BG3
£145K06/230.23 mi19, Harrowby Road, Stoke-on-trent ST3 7BQ3
£105K10/230.24 mi3, Grangewood Road, Stoke-on-trent ST3 7AZ3
£135K01/230.24 mi35, Grangewood Road, Stoke-on-trent ST3 7AZ3
£165K07/210.26 mi6, Highfield Avenue, Stoke-on-trent ST3 5LZ3
£182K07/240.26 mi20, Highfield Avenue, Stoke-on-trent ST3 5LZ3
£275K12/220.27 mi58, Castleton Road, Stoke-on-trent ST3 7TD3
£145K09/210.29 mi10, Shinwell Grove, Stoke-on-trent ST3 7UG3
£149K09/210.3 mi5, Pearl Grove, Stoke-on-trent ST3 7GN3
£122.5K07/230.3 mi35, Harcourt Avenue, Stoke-on-trent ST3 5LX3
£165K01/210.3 mi6, Dovecote Place, Stoke-on-trent ST3 7YR3
£219K11/200.32 mi18, Castleton Road, Stoke-on-trent ST3 7TD3
£140K09/230.32 mi3, Mollison Road, Stoke-on-trent ST3 7AG3
£236K08/230.32 mi6, Courtney Place, Stoke-on-trent ST3 7XF3
£209K11/200.32 mi3, Courtney Place, Stoke-on-trent ST3 7XF3
£225K11/200.32 mi13, Gardenholm Close, Stoke-on-trent ST3 7YQ3
£149K07/240.32 mi1, Penmark Grove, Stoke-on-trent ST3 7YU3
£110K02/230.32 mi31, Mollison Road, Stoke-on-trent ST3 7AG3
£147K05/210.32 mi1, Watchfield Close, Stoke-on-trent ST3 5QX3
£178K10/230.32 mi13, Watchfield Close, Stoke-on-trent ST3 5QX3
£158K11/230.32 mi3, Watchfield Close, Stoke-on-trent ST3 5QX3
£147K02/230.32 mi6, Sherwood Road, Stoke-on-trent ST3 7BX3
£110K12/200.36 mi8, Redwood Place, Stoke-on-trent ST3 5PU3
£95K03/210.36 mi11, Redwood Place, Stoke-on-trent ST3 5PU3
£98K04/210.36 mi9, Redwood Place, Stoke-on-trent ST3 5PU3
£125K06/240.36 mi38, Redwood Place, Stoke-on-trent ST3 5PU3
£170K02/210.36 mi10, Fernhurst Grove, Stoke-on-trent ST3 7TQ3
£266K08/210.36 mi39, Fernhurst Grove, Stoke-on-trent, Staffordshire ST3 7TQ3
£242.5K10/230.36 mi37, Fernhurst Grove, Stoke-on-trent ST3 7TQ3
£136.5K07/210.36 mi234, Sandon Road, Stoke-on-trent ST3 7BS3
£96.8K04/210.37 mi875, Uttoxeter Road, Stoke-on-trent ST3 6AA3
£210K05/230.37 mi8, Warrilow Close, Stoke-on-trent ST3 7RJ3
£110K02/230.37 mi881, Uttoxeter Road, Stoke-on-trent ST3 6AA3
£161.5K03/230.37 mi915, Uttoxeter Road, Stoke-on-trent ST3 6AA3
£140K02/210.38 mi169, Star & Garter Road, Stoke-on-trent ST3 7HJ3
£180K03/230.39 mi1, Settle Grove, Stoke-on-trent ST3 7RS3
£95K10/230.4 mi100, Stanton Road, Stoke-on-trent ST3 6DF3
£115K10/210.4 mi19, Stanton Road, Stoke-on-trent ST3 6DD3
£130K08/240.4 mi17, Stanton Road, Stoke-on-trent ST3 6DD3

Local Rents

23 rents from £700/mo to £1.7K/mo, average is £990/mo.

RentDateDistanceAddressBeds 
£79510/230.08 mi-3
£1,50007/240.26 mi-3
£1,50007/240.26 mi-3
£90012/240.32 mi-3
£78009/230.35 mi-3
£1,20009/240.35 mi-3
£70009/240.43 miLombardy Grove, Meir, Stoke-on-Trent, ST33
£99011/230.52 mi-3
£77509/240.6 miGeorge Avenue, Stoke-On-Trent3
£1,00009/230.65 mi-3
£75010/240.72 mi-3
£70009/240.72 mi-3
£85009/240.79 mi-3
£1,05009/240.79 miSandon Road, Meir Heath, Stoke-on-Trent, ST33
£88004/240.81 mi-3
£1,70010/240.82 mi-3
£85003/250.88 mi-3
£1,00002/250.91 mi-3
£1,07509/240.93 miFoxfields, Stoke-on-Trent3
£1,12509/240.93 miFoxfields, Stoke-on-Trent3
£99511/240.99 mi-3
£1,12509/241 miFoxfields, Stoke-on-Trent3
£89509/241.2 miBirkholme Drive, Meir Heath, Stoke On Trent3

Local Area Statistics

Population in ST3

67,688

Population in Stoke-on-Trent

347,755

Town centre distance

5.03 miles away

Nearest school

0.20 miles away

Nearest train station

1.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £120,000

December 12, 2024

Sold for £68,000

2014

Description

  • Watch Our Online Video Tour! +
  • A Property With Potential +
  • Huge Block Paved Drive +
  • Three Bedrooms +
  • Ground Floor Wc +
  • Modernisation And Improvement Required +
  • Combi Boiler & UPVC Double Glazing +
  • No Chain! +

A PROPERTY WITH POTENTIAL!

This semi-detached house needs general modernisation but it certainly has a lot of potential.

A notable feature of the house is the extensive block paved driveway to the front which is big enough to accommodate several vehicles whilst internally you'll find three bedrooms, first floor bathroom and a useful ground floor wc.

This property does require complete refurbishment and it will appeal particularly to investors and builders as well as families and first time buyers who can spot the opportunity to add value.

See our online virtual tour and for more information please contact us.

MATERIAL INFORMATION

Tenure - Freehold

Council Tax Band - A

Ground Floor -

Entrance Hall - UPVC double glazed front door. Double radiator. Stairs leading to the first floor. Door into the...

Lounge - 4.14m x 3.94m + alcove (13'7 x 12'11 + alcove) - UPVC double glazed bow window. Double radiator.

Kitchen - 3.94m x 2.82m (12'11 x 9'3) - Range of wall cupboards and base units. Tiled floor. UPVC double glazed window. Double radiator. Integrated electric hob, cooker hood and electric under oven. Wall mounted gas combi boiler. UPVC double glazed rear door.

W/C - Tiled floor. White low level wc. UPVC double glazed window.

First Floor -

Landing - UPVC double glazed window.

Bedroom One - 3.78m x 2.82m (12'5 x 9'3) - Laminate flooring. UPVC double glazed window. Radiator.

Bedroom Two - 3.23m x 2.79m (10'7 x 9'2) - Laminate flooring. UPVC double glazed window. Radiator.

Bedroom Three - 2.82m x 2.08m (9'3 x 6'10) - Laminate flooring. UPVC double glazed window. Radiator.

Bathroom/ Wc - 2.21m max x 2.06m (7'3 max x 6'9) - White suite. UPVC double glazed window. Radiator.

Outside - Double gates lead into a huge block paved driveway with space to park numerous vehicles.

The rear garden is enclosed, mainly paved and there is a shed.

Agent Details

Austerberry, Stoke-On-Trent & Staffordshire

01782 493897

Next Steps?

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