3 Bed Terraced House, Cash/Bridging Only, Stoke-on-Trent, ST1 3PA, £105,000

Cresswell Road, Stoke-on-Trent, Staffordshire, ST1 3PA - 2 months ago

Auction
Cash
ROI: 3%
~93 m²
+11 photos

ValuationFair Value

Sold Prices£70.5K - £270K
Sold Prices/m²£588/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.1K/m²

Value Estimate

£107,100

 

 

End Value (After Refurb)

£152,433

Uplift in Value

+45%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£26,250

Stamp Duty & Legal Fees

£4,350

Refurb Costs

£37,686

Bridging Loan Interest

£2,756

Total Cash In

£72,792

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£152,433

Mortgage (After Refinance)

£114,325

Mortgage LTV

75%

Cash Released

£35,575

Cash Left In

£37,217

Equity

£38,108

Rent Range

£424 - £3,906

Rent Estimate

£850

Running Costs/mo

£666

Cashflow/mo

£184

Cashflow/yr

£2,204

ROI

3%

Gross Yield

10%

Local Sold Prices

52 sold prices from £70.5K to £270K, average is £118.5K. £588/m² to £3.1K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£160K02/230.01 mi23, Cresswell Road, Stoke-on-trent ST1 3PA3
£137K01/240.04 mi22, Seymour Street, Stoke-on-trent ST1 3NX3
£110K05/230.05 mi46, Ivy House Road, Stoke-on-trent ST1 3NU3
£126K02/210.05 mi16, Topgate Drive, Stoke-on-trent ST1 3SG3
£97.5K07/230.09 mi193, Bucknall New Road, Stoke-on-trent ST1 2BJ3
£97.5K07/230.09 mi193, Bucknall New Road, Stoke-on-trent ST1 2BJ3
£155K03/230.16 mi175, Bucknall New Road, Stoke-on-trent ST1 2BG3
£72K08/230.21 mi45, St Lukes Street, Stoke-on-trent ST1 3PZ3
£70.5K05/210.22 mi13, St Ann Street, Stoke-on-trent ST1 2AS3
£113K12/200.23 mi29, Tarleton Road, Stoke-on-trent ST1 6QY3
£96.5K07/210.29 mi36, Cromer Road, Stoke-on-trent ST1 6QN3
£117K08/210.31 mi943, Leek Road, Stoke-on-trent ST1 6AL3
£142K05/230.31 mi959, Leek Road, Stoke-on-trent ST1 6AL3
£85K10/230.33 mi2, Wainwright Walk, Stoke-on-trent ST1 3QY3
£85K10/230.33 mi2, Wainwright Walk, Stoke-on-trent ST1 3QY3
£175K03/240.33 mi150, Keelings Road, Stoke-on-trent ST1 6QA3
£167K10/200.36 mi2, Sandyfield Road, Stoke-on-trent ST1 6QG3
£132K10/200.36 mi11, Janet Place, Stoke-on-trent ST1 6QD3
£116.5K02/210.36 mi5, Janet Place, Stoke-on-trent ST1 6QD3
£97.5K08/210.37 mi131, Eaton Street, Stoke-on-trent ST1 2DP3
£138K04/230.37 mi31, Mayfield Avenue, Stoke-on-trent ST1 6QH3
£147K08/230.37 mi59, Westacre, Stoke-on-trent ST1 6AF3
£98.5K11/200.4 mi36, Birch Street, Stoke-on-trent ST1 6PZ3
£140K08/230.4 mi3, King George Street, Stoke-on-trent ST1 2DZ3
£92K03/230.41 mi127, Bucknall New Road, Stoke-on-trent ST1 2BG3
£120K02/210.41 mi26, Trentmill Road, Stoke-on-trent ST1 3NH3
£115K05/230.41 mi16, Botany Bay Road, Stoke-on-trent ST1 6PX3
£214K12/220.41 mi38, Trentmill Road, Stoke-on-trent ST1 3NH3
£89K10/200.42 mi26, Harley Street, Stoke-on-trent ST1 3LA3
£118K06/230.45 mi106, Cardwell Street, Stoke-on-trent ST1 6PN3
£160K07/230.46 mi47, Cardwell Street, Stoke-on-trent ST1 6PL3
£110K08/230.46 mi23, Cardwell Street, Stoke-on-trent ST1 6PL3
£125K04/210.48 mi4, Bold Street, Stoke-on-trent ST1 6PD3
£155K07/230.48 mi56, Brewester Road, Stoke-on-trent ST2 9JN3
£74K09/210.49 mi97, Upper Hillchurch Street, Stoke-on-trent ST1 2HQ3
£80K01/240.51 mi39, Rose Street, Stoke-on-trent ST1 6PG3
£97K02/210.54 mi4, Dover Street, Stoke-on-trent ST1 2NN3
£111K09/210.55 mi36, Bold Street, Stoke-on-trent ST1 6PF3
£210K07/230.56 mi2, Pensford Grove, Stoke-on-trent ST1 6SF3
£146.5K06/210.56 mi63, Ruxley Road, Stoke-on-trent ST2 9DQ3
£80K09/230.56 mi83, Mount Street, Stoke-on-trent ST1 2NP3
£95K08/210.57 mi42, Oak Street, Stoke-on-trent ST1 2NW3
£119K07/230.59 mi25, Sage Close, Stoke-on-trent ST1 3SF3
£132K02/230.6 mi24, Graham Street, Stoke-on-trent ST2 9DD3
£270K01/210.61 mi29, Heath House Lane, Stoke-on-trent ST2 8AH3
£200K02/210.61 mi53, Heath House Lane, Stoke-on-trent ST2 8AH3
£96K10/200.62 mi94, Ruxley Road, Stoke-on-trent ST2 9BU3
£155K01/230.62 mi150, Ruxley Road, Stoke-on-trent ST2 9BU3
£135K07/210.63 mi1098, Leek Road, Stoke-on-trent ST1 6AS3
£150K11/220.64 mi3, Greville Street, Stoke-on-trent ST1 2LE3
£100K10/210.65 mi6, Gibbins Street, Stoke-on-trent ST1 2LS3
£188K01/210.65 mi161, Debenham Crescent, Stoke-on-trent ST2 9NW3

Local Rents

41 rents from £424/mo to £3.9K/mo, average is £3.1K/mo.

RentDateDistanceAddressBeds 
£85009/240.11 miSomerset Road, Hanley, Stoke-on-Trent ST13
£3,90609/240.28 mi-3
£3,90601/250.28 mi-3
£3,90602/250.28 mi-3
£3,75701/240.28 mi-3
£3,75709/240.28 mi-3
£3,75708/240.28 mi-3
£3,75701/250.28 mi-3
£3,75701/250.28 mi-3
£2,91409/240.29 mi-3
£2,91401/250.29 mi-3
£2,91402/250.29 mi-3
£3,57101/240.3 mi-3
£3,57109/240.3 mi-3
£3,57110/240.3 mi-3
£3,60801/240.31 mi-3
£3,60809/240.31 mi-3
£3,60808/240.31 mi-3
£3,60801/250.31 mi-3
£2,75909/240.32 mi-3
£2,75910/240.32 mi-3
£3,10003/250.32 mi-3
£2,75901/250.32 mi-3
£3,10003/250.32 mi-3
£3,70801/240.32 mi-3
£3,70809/240.32 mi-3
£3,70808/240.32 mi-3
£3,70801/250.32 mi-3
£3,70801/250.32 mi-3
£95009/240.33 miKiln View, Hanley3
£95009/240.34 mi-3
£1,35004/250.38 mi-3
£87510/240.39 mi-3
£87512/240.39 mi-3
£90003/250.39 mi-3
£92510/240.42 miNew Bernard Street, Stoke-on-Trent3
£85002/250.52 mi-3
£79503/250.52 mi-3
£44209/240.54 miJasper Street, Hanley, ST13
£42409/240.54 miJasper Street, Hanley, ST13
£90002/240.59 mi-3

Local Area Statistics

Population in ST1

29,532

Population in Stoke-on-Trent

347,755

Town centre distance

1.14 miles away

Nearest school

0.20 miles away

Nearest train station

1.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £105,000

February 5, 2025

Floor Plans

Description

  • To Be Sold Via Modern Auction +
  • Cash Buyers Only +
  • Spacious reception room with garden view +
  • Well-equipped kitchen with built-in pantries +
  • Three bedrooms with comfortable living spaces +
  • Garage and parking space included +
  • Large rear garden with gated access +
  • Potential rental income of £850 PCM +
  • EPC Rating = D +
  • Council Tax = Band B +

* To Be Sold Via Modern Auction *

A fantastic opportunity to acquire this delightful three bedroom town house property in good condition, perfect for families, couples, or buy-to-let investors. The house boasts one spacious reception room with large windows offering a garden view, complemented by a charming fireplace and elegant wood floors, creating a warm and inviting atmosphere whilst offering the potential for a rental income of £850 per calendar month.

The property features a well-equipped kitchen with built-in pantries, ideal for culinary enthusiasts. The three bedrooms offer comfortable living spaces, with the first bedroom being a double size with built-in wardrobes, the second bedroom also being a double size and benefiting from ample natural light.

Outside, the property offers unique features including a garage, parking space, a lovely garden. Situated in a desirable location with convenient access to public transport links, nearby schools, local amenities, and beautiful parks, this property offers a perfect blend of comfort and convenience for its future occupants.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

HAN250056/2

Agent Details

Reeds Rains, Hanley

01782 493928

Next Steps?

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