3 Bed Semi-Detached House, Refurb/BRRR, Stoke-on-Trent, ST7 3JA, £190,000

Bracken Close, Stoke-on-trent, ST7 3JA 3 - 3 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~80 m²
+17 photos

ValuationOvervalued

Sold Prices£115K - £422.5K
Sold Prices/m²£1.4K/m² - £3.8K/m²

 

 

Square Metres

~79.52 m²
Price/m²£2.4K/m²

Value Estimate

£167,323

 

 

End Value (After Refurb)

£188,860

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£12,000

Refurb Costs

£33,518

Bridging Loan Interest

£4,988

Total Cash In

£99,756

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£188,860

Mortgage (After Refinance)

£141,645

Mortgage LTV

75%

Cash Left In

£99,756

Equity

£47,215

Rent Range

£475 - £8,333

Rent Estimate

£1,175

Running Costs/mo

£845

Cashflow/mo

£330

Cashflow/yr

£3,958

ROI

4%

Gross Yield

7%

Local Sold Prices

30 sold prices from £115K to £422.5K, average is £220K. £1.4K/m² to £3.8K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£235K10/210.07 mi19, Heath Avenue, Rode Heath, Stoke-on-trent, Cheshire East ST7 3RY3
£190K01/210.08 mi60, Beech Avenue, Rode Heath, Stoke-on-trent, Cheshire East ST7 3JD3
£203.3K08/210.09 mi3, Greenway Close, Rode Heath, Stoke-on-trent, Cheshire East ST7 3TN3
£191K04/230.09 mi8, Greenway Close, Rode Heath, Stoke-on-trent, Cheshire East ST7 3TN3
£200K12/230.09 mi9, Willow Tree Grove, Rode Heath, Stoke-on-trent, Cheshire East ST7 3TE3
£222K07/210.11 mi65, Heath Avenue, Rode Heath, Stoke-on-trent, Cheshire ST7 3TH3
£190K01/210.11 mi110, Heath Avenue, Rode Heath, Stoke-on-trent, Cheshire ST7 3TH3
£170K11/200.12 mi97a, Sandbach Road, Rode Heath, Stoke-on-trent, Cheshire ST7 3RT3
£212.5K04/210.16 mi51, Woodland Road, Rode Heath, Stoke-on-trent, Cheshire ST7 3TL3
£220K10/230.16 mi36, Woodland Road, Rode Heath, Stoke-on-trent, Cheshire East ST7 3TL3
£202K04/230.16 mi14, Spruce Grove, Rode Heath, Stoke-on-trent, Cheshire East ST7 3SQ3
£180K04/210.17 mi6, Oakwood Road, Rode Heath, Stoke-on-trent, Cheshire East ST7 3TG3
£237K07/230.17 mi3, Bibby Street, Rode Heath, Stoke-on-trent, Cheshire East ST7 3RR3
£225K11/210.18 mi17, Millers Wharf, Rode Heath, Stoke-on-trent, Cheshire ST7 3QD3
£120K06/210.19 mi184, Sandbach Road, Rode Heath, Stoke-on-trent, Cheshire East ST7 3RU3
£165K03/230.21 mi4, Woodland Road, Rode Heath, Stoke-on-trent, Cheshire East ST7 3TJ3
£240K02/240.21 mi25, Woodland Road, Rode Heath, Stoke-on-trent, Cheshire East ST7 3TJ3
£305K10/230.21 mi49, Chapel Lane, Rode Heath, Stoke-on-trent, Cheshire East ST7 3SE3
£315K03/230.23 mi8, Keats Drive, Rode Heath, Stoke-on-trent, Cheshire East ST7 3TP3
£220K07/210.23 mi61, Sandbach Road, Rode Heath, Stoke-on-trent, Cheshire ST7 3RW3
£175K06/210.26 mi7, Chapel Lane, Rode Heath, Stoke-on-trent, Cheshire ST7 3SD3
£269K12/220.28 mi26, Spring Close, Rode Heath, Stoke-on-trent, Cheshire East ST7 3TQ3
£380K07/240.42 miThe Poplars, Street Lane, Rode Heath, Stoke-on-trent, Cheshire East ST7 3SN3
£422.5K02/210.7 mi54, Sandbach Road, Church Lawton, Stoke-on-trent, Cheshire ST7 3DP3
£242K11/200.8 mi6, Meadow Way, Church Lawton, Stoke-on-trent, Cheshire East ST7 3EW3
£233.3K07/210.84 mi7, Cherry Tree Avenue, Church Lawton, Stoke-on-trent, Cheshire ST7 3EL3
£252K02/230.86 mi99, Brown Avenue, Church Lawton, Stoke-on-trent, Cheshire East ST7 3ER3
£200K06/210.91 mi81, Brown Avenue, Church Lawton, Stoke-on-trent, Cheshire East ST7 3ER3
£115K05/210.96 mi3, East Court, Alsager, Stoke-on-trent, Cheshire East ST7 2DJ3
£237.5K04/230.96 mi23, Lawtongate Estate, Church Lawton, Stoke-on-trent, Cheshire East ST7 3ES3

Local Rents

50 rents from £475/mo to £8.3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,40005/240.03 mi-4
£59502/240.12 mi-1
£62508/230.98 mi-2
£62508/230.98 mi-2
£95009/241.04 miBrown Avenue, Church Lawton, Stoke-On-Trent3
£51008/231.19 mi-1
£1,25009/241.25 miAlfred Moseley Place, Alsager, Stoke-On-Trent4
£47509/241.3 miWesley Avenue, Alsager1
£67509/241.45 miSandbach Road North, Alsager2
£1,10003/251.5 mi-3
£77509/241.5 miTalke Road, Alsager, Stoke-On-Trent2
£52509/241.53 miMere House, Crewe Road, Alsager1
£90009/241.56 miMoreton Place, Scholar Green4
£75009/241.56 miTalke Road, Alsager2
£1,00011/241.59 mi-4
£86009/241.62 miLinley Road, Alsager3
£55009/241.65 miStation Road, Alsager2
£87509/241.66 miCapesthorne Close, Alsager3
£1,30009/241.68 mi-3
£1,30009/241.68 miCapesthorne Close, Alsager, ST73
£1,45006/241.69 mi-3
£92512/241.73 mi-2
£50007/231.93 mi-1
£85009/242.12 miOld Butt Lane, Talke, Stoke-On-Trent, Staffordshire, ST72
£1,50009/242.12 mi-4
£1,50009/242.12 mi-4
£1,50009/242.12 miValley Close, Alsager, Stoke-On-Trent, ST74
£2,40009/242.15 mi-3
£8,33309/242.23 mi-8
£8,33309/242.23 mi-8
£8,33309/242.23 mi-8
£8,33309/242.23 mi-8
£8,33309/242.23 mi-8
£8,33305/242.23 mi-8
£8,33308/242.23 mi-8
£6,50012/242.23 mi-8
£6,50011/242.23 mi-8
£6,50012/242.23 mi-8
£6,50002/252.23 mi-8
£6,50011/242.23 mi-8
£6,50012/242.23 mi-8
£6,50001/252.23 mi-8
£6,50001/252.23 mi-8
£75001/252.23 mi-2
£90009/242.23 miGowy Close, Alsager, Stoke-On-Trent3
£62509/242.23 miChurch Street, Talke2
£62509/242.26 miChurch Street, Talke2
£59509/242.27 mi-2
£77503/252.3 mi-3
£1,55007/242.35 mi-2

Local Area Statistics

Population in ST7

53,396

Population in Stoke-on-Trent

347,755

Town centre distance

7.44 miles away

Nearest school

0.10 miles away

Nearest train station

1.53 miles away

 

 

Rental growth (12m)

+109%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £190,000

January 15, 2025

Floor Plans

Description

+++NO ONWARD CHAIN+++ Mooved are delighted to present this three-bedroom semi-detached property in the desirable residential area of Rode Heath, Stoke-on-Trent. Situated in a quiet cul-de-sac, this home offers an excellent opportunity for a range of buyers, whether you're a first-time buyer seeking an affordable family home, or an investor looking for a property with strong rental potential and scope for value enhancement.

This well-proportioned property spans approximately 856 sq ft and offers a layout ideal for modern living. The ground floor boasts a spacious reception room with a charming bay window, creating a bright and welcoming living area. The reception room flows through to the dining room, which features French doors opening into a large conservatory. The conservatory provides an additional versatile living space, perfect for use as a dining area or playroom, and leads directly out onto the rear garden. The kitchen is fitted with a range of wall and base units, offering ample storage and workspace, with rear garden access for added convenience.

Upstairs, the property features two double bedrooms, a third single bedroom, and a family bathroom equipped with a walk-in shower, WC, and vanity unit. The bedrooms offer flexibility, making this home ideal for young families or those needing a home office.

The exterior of the property offers significant potential. The large rear garden, although currently in need of some attention, provides ample space for landscaping or outdoor entertaining. The garden also features a patio area and a pond, offering a fantastic opportunity for keen gardeners. To the front, the property benefits from a driveway providing off-road parking for multiple vehicles.

This property offers buyers the chance to put their own stamp on a home, with scope for cosmetic improvements and personalisation. Its excellent location, close to local schools, shops, and transport links, ensures convenience and enhances its appeal to a wide range of buyers.

Whether you're looking for your first home, a family property, or an investment, this house represents a fantastic opportunity to acquire a well-positioned home with great potential.

Disclaimer – 1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER MOOVED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Section 21 - Under the terms of the Estate Agency Act 1979 (Section 21) please note that the Vendor of this property is a staff member of the Mooved Group.

Agent Details

Mooved, Harrogate

01420 554952

Next Steps?

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