2 Bed Terraced House, Refurb/BRRR, Stoke-on-Trent, ST8 6DU, £130,000

Albert Street, Biddulph, ST8 6DU - 2 views - 2 months ago

Under Offer
Refurb/BRRR
ROI: 6%
~68 m²
+24 photos

ValuationOvervalued

Sold Prices£63K - £230K
Sold Prices/m²£896/m² - £4.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£106,250

 

 

End Value (After Refurb)

£120,151

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£28,969

Bridging Loan Interest

£3,413

Total Cash In

£71,731

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£120,151

Mortgage (After Refinance)

£90,113

Mortgage LTV

75%

Cash Left In

£71,731

Equity

£30,038

Rent Range

£600 - £3,100

Rent Estimate

£922

Running Costs/mo

£580

Cashflow/mo

£342

Cashflow/yr

£4,106

ROI

6%

Gross Yield

9%

Local Sold Prices

51 sold prices from £63K to £230K, average is £125.5K. £896/m² to £4.2K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£120.1K11/200.04 mi32, Albert Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6DU2
£124K06/230.04 mi6, Albert Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6DU2
£116K10/220.05 mi31, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6BB2
£130K10/230.06 mi2, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6BB2
£140K12/230.07 mi79, Albert Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6DT2
£125.5K11/230.07 mi11, Albert Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6DT2
£125.5K11/230.07 mi11, Albert Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6DT2
£123.5K01/240.07 mi7, Albert Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6DT2
£120K04/210.08 mi14, Station Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6BJ2
£126.2K11/220.09 mi18, Cross Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6BD2
£168K02/230.1 mi7, Lawton Crescent, Biddulph, Stoke-on-trent, Staffordshire ST8 6EH2
£140K08/230.1 mi14, Station Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6BJ2
£63K06/210.1 mi4, Cromwell Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6ED2
£185K11/220.13 mi2, Lawton Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6EQ2
£115K05/230.13 mi45, Station Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6BL2
£135K01/230.14 mi73, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6AU2
£118K02/230.15 mi12, South View, Biddulph, Stoke-on-trent, Staffordshire ST8 6AF2
£175K12/220.15 mi16, Lawton Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6EQ2
£159.9K01/210.15 mi33, Kingsfield Road, Biddulph, Stoke-on-trent ST8 6DN2
£205K04/240.15 mi33, Kingsfield Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6DN2
£106.5K02/230.16 mi86, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6AT2
£110K11/210.16 mi70a, Congleton Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6EG2
£162.8K09/230.16 mi74, Congleton Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6EG2
£122.5K11/230.16 mi2, Stanley Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6AX2
£135K09/230.16 mi52, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6AT2
£137K04/210.18 mi83, Congleton Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6EF2
£182K09/230.18 mi81, Congleton Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6EF2
£86K02/210.18 mi53, Craigside, Biddulph, Stoke-on-trent, Staffordshire ST8 6BP2
£112.5K07/210.18 mi63, Craigside, Biddulph, Stoke-on-trent, Staffordshire ST8 6BP2
£105K12/220.2 mi34, Well Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HS2
£128K06/210.21 mi46, Well Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HX2
£150K11/230.21 mi33, Well Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HX2
£125K12/220.21 mi46, Well Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HX2
£171K12/220.22 mi96, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HW2
£115K11/200.24 mi7, Briarswood, Biddulph, Stoke-on-trent, Staffordshire ST8 6BW2
£125K05/210.26 mi11, Lorena Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6FD2
£117K07/210.26 mi8, Lorena Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6FD2
£125K06/210.26 mi1, Lorena Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6FD2
£147K09/230.28 mi55, Station Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6BT2
£165.2K11/230.28 mi18, Charles Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6JB2
£135K07/210.28 mi27, Charles Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6JB2
£176K08/230.29 mi3, Diamond Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6JP2
£108K12/200.3 mi130a, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HW2
£125K08/210.3 mi134, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HW2
£125K03/230.3 mi130b, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HW2
£136K08/230.3 mi9, Shepherd Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HZ2
£85K08/230.3 mi17, Shepherd Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HZ2
£140K06/210.31 mi94, Tunstall Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6HH2
£190K06/210.31 mi1, Bowmere Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6UD2
£230K12/230.31 mi1, Bowmere Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6UD2
£70K11/200.33 mi11, Tunstall Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6HJ2

Local Rents

12 rents from £600/mo to £3.1K/mo, average is £748/mo.

RentDateDistanceAddressBeds 
£67509/240.07 miHigh Street, ST82
£60009/240.07 mi-2
£70009/240.07 miLovit View, High Street, ST82
£82512/240.16 mi-2
£60006/240.17 mi-2
£82512/240.21 mi-2
£65009/240.38 miTunstall Road, Biddulph, Stoke-On-Trent2
£79509/240.38 mi-2
£84508/240.38 mi-2
£3,10009/240.38 mi-2
£65009/240.4 mi-2
£79503/250.4 mi-2

Local Area Statistics

Population in ST8

20,197

Population in Stoke-on-Trent

347,755

Town centre distance

5.36 miles away

Nearest school

0.10 miles away

Nearest train station

2.90 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £130,000

February 3, 2025

Floor Plans

Description

2 Bedrooms. Priory Property Services are delighted to offer ‘for sale’ this charming traditional ‘bay fronted’ mid town house with no upward chain! The property offers spacious accommodation throughout and would obviously benefit from some selective modernisation to attain its true potential. Viewing is highly recommended!

Accommodation comprises; Canopied open porch area with a uPVC double glazed door leading into the spacious entrance hall which has stairs allowing access to the first floor and doors to the lounge and dining room. Lounge has a walk in uPVC double glazed bay window to the front elevation, exposed brick chimney breast with tiled hearth. Separate dining room has uPVC double glazed window to the rear elevation, fire place and door to kitchen. Kitchen has a fitted eye and base level units, base units with work surfaces over. Sink unit with drainer and mixer tap. Useful under stairs storage cupboard. uPVC double glazed window to the side elevation and uPVC double glazed door allowing access to the rear. Wall mounted gas central heating boiler. 
 
L-shaped first floor landing allowing access to the both large double bedrooms and bathroom. Bedroom one can be found to the front elevation with two uPVC double glazing over looking Albert Street. Bedroom two can be found to the rear over looking the garden. Spacious bathroom has a three piece suite comprising of a w.c, pedestal wash hand basin and panel bath. Separate glazed shower cubicle with mixer shower. 

Externally to the front the property has an elevated ‘forecourt’ area with a few steps leading up from the footpath. Gravelled border and pathway leading to the front door. The rear ‘South Facing’ garden has a private patio area, lawned garden and open views to the rear elevation.

Agent Details

Priory Property Services, Biddulph

01782 493695

Next Steps?

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