2 Bed Terraced House, Cash/Bridging Only, Stoke-on-Trent, ST1 4BZ, £58,000

Kimberley Road, Etruria, Stoke-On-Trent, ST1 4BZ - 1 views - 3 months ago

Sold STC
Cash
ROI: 10%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£36K - £153K
Sold Prices/m²£514/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£852/m²

Value Estimate

£59,740
BMV3%

 

 

End Value (After Refurb)

£98,965

Uplift in Value

+71%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£14,500

Stamp Duty & Legal Fees

£2,940

Refurb Costs

£27,600

Bridging Loan Interest

£1,523

Total Cash In

£48,313

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£98,965

Mortgage (After Refinance)

£74,224

Mortgage LTV

75%

Cash Released

£30,724

Cash Left In

£17,589

Equity

£24,741

Rent Range

£550 - £2,000

Rent Estimate

£923

Running Costs/mo

£514

Cashflow/mo

£409

Cashflow/yr

£4,910

ROI

10%

Gross Yield

19%

Local Sold Prices

50 sold prices from £36K to £153K, average is £85K. £514/m² to £2.5K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£36K12/200.02 mi37, Ladysmith Road, Stoke-on-trent ST1 4BY2
£85K09/230.02 mi21, Ladysmith Road, Stoke-on-trent ST1 4BY2
£110K02/230.02 mi49, Kimberley Road, Stoke-on-trent ST1 4DA2
£80K02/240.02 mi55, Kimberley Road, Stoke-on-trent ST1 4DA2
£69K05/210.02 mi37, Kimberley Road, Stoke-on-trent ST1 4DA2
£76K04/210.02 mi29, Kimberley Road, Stoke-on-trent ST1 4DA2
£113K05/210.09 mi104, Belmont Road, Stoke-on-trent ST1 4BT2
£130K04/240.09 mi94, Belmont Road, Stoke-on-trent ST1 4BT2
£108K05/210.16 mi18, Timmis Street, Stoke-on-trent ST1 4JY2
£69.4K11/210.17 mi18, Sefton Street, Stoke-on-trent ST1 4BQ2
£90K04/230.17 mi16, Sefton Street, Stoke-on-trent ST1 4BQ2
£113K06/230.18 mi284, Etruria Vale Road, Stoke-on-trent ST1 4BL2
£117K06/210.19 mi11, Humbert Road, Stoke-on-trent ST1 5GA2
£142K02/240.19 mi17, Humbert Road, Stoke-on-trent ST1 5GA2
£40K03/230.2 mi48, Whitmore Street, Stoke-on-trent ST1 4JT2
£85K04/230.21 mi35, Whitmore Street, Stoke-on-trent ST1 4JS2
£83.5K01/240.21 mi21, Whitmore Street, Stoke-on-trent ST1 4JS2
£100K01/230.21 mi29, Cavendish Street, Stoke-on-trent ST1 4BH2
£84.5K03/230.22 mi20, Sandon Street, Stoke-on-trent ST1 4BJ2
£95K04/230.22 mi32, Sandon Street, Stoke-on-trent ST1 4BJ2
£80K02/230.26 mi49, Davis Street, Stoke-on-trent ST4 7AD2
£126K01/210.27 mi38, Lakeside Close, Stoke-on-trent ST1 5GB2
£78K08/230.28 mi53, Davis Street, Stoke-on-trent ST4 7AD2
£110K03/210.28 mi19, Etruscan Street, Stoke-on-trent ST1 5PQ2
£126K04/210.28 mi39, Etruscan Street, Stoke-on-trent ST1 5PQ2
£120K06/210.29 mi84, Cavour Street, Stoke-on-trent ST1 5PL2
£120K06/210.29 mi84, Cavour Street, Stoke-on-trent ST1 5PL2
£75K01/240.29 mi8, Castlefield Street, Stoke-on-trent ST4 7AQ2
£69K04/210.29 mi17, Garfield Street, Stoke-on-trent ST1 4LL2
£110K10/200.31 mi6, Pebble Mill Street, Stoke-on-trent ST1 5RG2
£49K02/240.5 mi43, Chatham Street, Stoke-on-trent ST1 4NY2
£63K02/210.57 mi50, Harcourt Street, Stoke-on-trent ST1 4NP2
£70K05/230.57 mi20, Harcourt Street, Stoke-on-trent ST1 4NP2
£108K11/210.62 mi5, Radford Road, Stoke-on-trent ST4 7DA2
£123K12/200.62 mi14, Radford Road, Stoke-on-trent ST4 7DA2
£82K01/240.63 mi3, Northcote Street, Stoke-on-trent ST4 2RE2
£47.5K10/210.65 mi29, Denbigh Street, Stoke-on-trent ST1 5JA2
£153K01/230.65 mi20, Hyacinth Road, Stoke-on-trent ST4 7TJ2
£100K06/210.66 mi4, Shaw Street, Stoke-on-trent ST1 5JN2
£62.6K07/210.67 mi11, Portland Street, Stoke-on-trent ST1 5HZ2
£50K11/230.67 mi42, Elgin Street, Stoke-on-trent ST4 2RD2
£65K12/200.68 mi27, Lowther Street, Stoke-on-trent ST1 5JE2
£59K11/200.69 mi58, Lowther Street, Stoke-on-trent ST1 5JF2
£129K04/210.71 mi170, North Street, Stoke-on-trent ST4 7DG2
£132K06/230.71 mi172, North Street, Stoke-on-trent ST4 7DG2
£118K10/230.71 mi180, North Street, Stoke-on-trent ST4 7DG2
£50K11/200.72 mi19, Rutland Street, Stoke-on-trent ST1 5JG2
£55K12/230.72 mi43, Rutland Street, Stoke-on-trent ST1 5JG2
£62.5K03/210.72 mi35, Rutland Street, Stoke-on-trent ST1 5JG2
£129K06/210.73 mi3, Camellia Close, Stoke-on-trent ST4 7TL2

Local Rents

32 rents from £550/mo to £2K/mo, average is £860/mo.

RentDateDistanceAddressBeds 
£90011/240.01 mi-2
£72509/240.03 mi-2
£75003/250.03 mi-2
£55009/240.03 miLadysmith Road, Stoke-On-Trent, ST12
£87010/240.05 mi-2
£87010/240.05 mi-2
£87010/240.05 mi-2
£90004/250.15 mi-2
£69509/240.2 miBridgewater Court, Hanley, Stoke-on-Trent, ST12
£85002/250.2 mi-2
£69512/240.21 mi-2
£2,00002/240.22 mi-2
£95009/240.22 mi-2
£69503/250.23 mi-2
£72501/250.25 mi-2
£72501/250.25 mi-2
£75009/240.25 miWatermeadow Grove, Etruria2
£65009/240.27 miStanhope Street; Hanley; ST12
£77509/240.28 miEtruscan Street, Etruria2
£67509/240.38 miHartley Court, Cliffe Vale, Stoke On Trent, ST4 7GG2
£79509/240.41 miTattershall Court, Etruria2
£1,50002/240.43 mi-2
£1,50001/250.43 mi-2
£1,50002/250.43 mi-2
£72509/240.43 miPenstock Drive, Etruria2
£98009/240.54 miClayworks, Hanley2
£1,01509/240.54 miClayworks, Hanley2
£90009/240.54 miClayworks, Hanley2
£97509/240.54 miClayworks, Hanley2
£89009/240.54 miClayworks, Hanley2
£93009/240.54 miClayworks, Hanley2
£70012/240.61 mi-2

Local Area Statistics

Population in ST1

29,532

Population in Stoke-on-Trent

347,755

Town centre distance

1.91 miles away

Nearest school

0.10 miles away

Nearest train station

1 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £58,000

January 28, 2025

Description

* A MATURE MID TERRACED HOUSE SITUATED CLOSE TO GREAT COMMUTING LINKS & MOTORWAYS
* TWO BEDROOMS
* TWO RECEPTION ROOMS
* GAS C.H. SYSTEM
* U.P.V.C. DOUBLE GLAZING
* GROUND FLOOR BATHROOM
* REAR YARD
* NO CHAIN *
* PLEASE NOTE THAT THIS PROPERTY REQUIRES UPDATING INTERNALLY *
* CASH OFFERS ONLY *
* CASH OFFERS OVER £58,000 *

Agent Details

Priory Property Services, Tunstall

01782 493453

Next Steps?

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