2 Bed Bungalow, Refurb/BRRR, Stoke-on-Trent, ST2 9PR, £125,000

Hoveringham Drive, Eaton Park, Stoke-on-Trent, ST2 9PR - 2 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£62.5K - £200K
Sold Prices/m²£866/m² - £2.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£106,643

 

 

End Value (After Refurb)

£131,126

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£27,943

Bridging Loan Interest

£3,281

Total Cash In

£69,174

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£131,126

Mortgage (After Refinance)

£98,344

Mortgage LTV

75%

Cash Released

£4,594

Cash Left In

£64,580

Equity

£32,781

Rent Range

£550 - £2,900

Rent Estimate

£956

Running Costs/mo

£621

Cashflow/mo

£335

Cashflow/yr

£4,020

ROI

6%

Gross Yield

9%

Local Sold Prices

51 sold prices from £62.5K to £200K, average is £115K. £866/m² to £2.9K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£151K10/230.04 mi107, Kettering Drive, Stoke-on-trent ST2 9ND2
£162K07/230.05 mi19, Fenlow Avenue, Stoke-on-trent ST2 9NE2
£143K11/230.09 mi214, Debenham Crescent, Stoke-on-trent ST2 9NQ2
£137K06/230.12 mi20, Liskeard Close, Stoke-on-trent ST2 9PH2
£165K03/230.16 mi26, Eastdean Avenue, Stoke-on-trent ST2 9NU2
£119K09/230.17 mi151, Debenham Crescent, Stoke-on-trent ST2 9NW2
£115K12/200.17 mi92, Hoveringham Drive, Stoke-on-trent ST2 9PS2
£100K12/200.17 mi118, Hoveringham Drive, Stoke-on-trent ST2 9PS2
£120.5K11/210.2 mi29, Glenroyd Avenue, Stoke-on-trent ST2 9LZ2
£122K02/230.39 mi32, Broughton Road, Stoke-on-trent ST2 9JH2
£105K10/210.47 mi87, Ashfield Square, Stoke-on-trent ST2 9LW2
£135K05/210.47 mi89, Dividy Road, Stoke-on-trent ST2 9JQ2
£140K06/230.48 mi29, Graham Street, Stoke-on-trent ST2 9DD2
£135K07/230.48 mi165, Dividy Road, Stoke-on-trent ST2 9JW2
£101K03/230.48 mi35, Graham Street, Stoke-on-trent ST2 9DD2
£74K10/210.49 mi64, Dividy Road, Stoke-on-trent ST2 9JG2
£120K01/240.49 mi34, Howard Crescent, Stoke-on-trent ST1 3NN2
£117K02/230.49 mi22, Graham Street, Stoke-on-trent ST2 9DD2
£128K08/210.5 mi42, Youlgreave Avenue, Stoke-on-trent ST2 9LF2
£100K03/210.51 mi9, Graham Street, Stoke-on-trent ST2 9DD2
£86.5K12/210.51 mi10, Christine Street, Stoke-on-trent ST2 9DB2
£90.8K04/210.52 mi74, Ruxley Road, Stoke-on-trent ST2 9BU2
£62.5K05/230.54 mi56, Ruxley Road, Stoke-on-trent ST2 9DG2
£110K12/200.55 mi13, Staveley Close, Stoke-on-trent ST2 9PU2
£110K12/200.55 mi13, Staveley Close, Stoke-on-trent ST2 9PU2
£131K01/230.55 mi22, Staveley Close, Stoke-on-trent ST2 9PU2
£121K04/210.57 mi22, Willeton Street, Stoke-on-trent ST2 9JA2
£152K01/210.58 mi4, Hammoon Grove, Stoke-on-trent ST2 9DH2
£200K02/230.59 mi233, Dividy Road, Stoke-on-trent ST2 0BJ2
£95K04/210.6 mi43, Brentleigh Way, Stoke-on-trent ST1 3GX2
£103.5K06/230.6 mi42, Cotesheath Street, Stoke-on-trent ST1 3JD2
£103K12/230.6 mi74, Cotesheath Street, Stoke-on-trent ST1 3JD2
£87K09/210.61 mi34, Austin Street, Stoke-on-trent ST1 3HY2
£123K10/200.62 mi37, Westacre, Stoke-on-trent ST1 6AF2
£150K04/210.62 mi51, Westacre, Stoke-on-trent ST1 6AF2
£86K01/210.62 mi52, Piggott Grove, Stoke-on-trent ST2 9BZ2
£100K02/210.62 mi48, Piggott Grove, Stoke-on-trent ST2 9BZ2
£66.5K11/200.63 mi35, Hazelhurst Street, Stoke-on-trent ST1 3HG2
£85K02/210.63 mi33, Hazelhurst Street, Stoke-on-trent ST1 3HG2
£65K02/210.64 mi4, Hazelhurst Street, Stoke-on-trent ST1 3HF2
£135K04/240.64 mi1, Tansey Close, Stoke-on-trent ST2 9QX2
£135K04/240.64 mi1, Tansey Close, Stoke-on-trent ST2 9QX2
£118K05/230.67 mi430, Victoria Road, Stoke-on-trent ST1 3JE2
£73K10/200.69 mi23, Lock Keepers Way, Stoke-on-trent ST1 3NS2
£88K10/230.7 mi64, Warrington Road, Stoke-on-trent ST1 3JG2
£110K03/240.71 mi957, Leek Road, Stoke-on-trent ST1 6AL2
£106K06/230.71 mi23, Warrington Road, Stoke-on-trent ST1 3JQ2
£85K02/240.71 mi9, Warrington Road, Stoke-on-trent ST1 3JQ2
£71K10/230.73 mi342, Leek Road, Stoke-on-trent ST1 3JL2
£130K11/230.76 mi11, Westfield Road, Stoke-on-trent ST2 9HU2
£165K03/230.77 mi11, Runnymede Close, Stoke-on-trent ST2 9QS2

Local Rents

50 rents from £550/mo to £2.9K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£72509/240.12 miLiskeard Close, Berry Hill, Stoke-on-Trent ST22
£70002/240.46 mi-2
£70012/230.49 mi-2
£67510/240.55 mi-2
£79512/240.56 mi-2
£77503/250.63 mi-2
£85010/240.65 mi-2
£80009/240.67 mi-2
£85010/240.67 mi-2
£65009/240.68 mi-2
£2,50009/240.69 mi-2
£97504/250.69 mi-2
£78003/250.7 mi-2
£69502/240.79 mi-2
£72509/240.79 mi-2
£69003/250.79 mi-2
£66004/250.8 mi-2
£89509/240.8 mi-2
£75009/240.8 miCaldon Quay, Hanley, Stoke-on-Trent, ST12
£84511/240.81 mi-2
£75012/240.82 mi-2
£60002/240.82 mi-2
£95009/240.82 miFellbrook Lane, Bucknall, Stoke-on-Trent, ST22
£1,00009/240.84 mi-2
£72504/250.86 mi-2
£1,10012/240.89 mi-2
£75003/250.89 mi-2
£77509/240.9 miNew Bernard Street, Hanley2
£69509/240.92 miWerrington Road, Bucknall, Stoke-on-Trent ST22
£72509/240.92 mi-2
£75001/240.94 mi-2
£75010/240.94 mi-2
£69502/250.97 mi-2
£72504/250.99 mi-2
£92510/241 mi-2
£68509/241.01 miChapel Street, Bucknall2
£65009/241.01 miEastbourne Road, Stoke-on-Trent, Staffordshire, ST12
£85012/241.02 mi-2
£55009/241.04 miStanier Street; Fenton; ST42
£72502/251.04 mi-2
£2,90001/241.05 mi-2
£2,90010/241.05 mi-2
£74503/251.05 mi-2
£70003/251.06 mi-2
£65012/241.06 mi-2
£89502/251.07 mi-2
£89502/251.07 mi-2
£79901/251.08 mi-2
£85012/241.08 mi-2
£65002/241.08 mi-2

Local Area Statistics

Population in ST2

34,047

Population in Stoke-on-Trent

347,755

Town centre distance

1.79 miles away

Nearest school

0.40 miles away

Nearest train station

1.28 miles away

 

 

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+41%

Property History

Listed for £125,000

February 5, 2025

Floor Plans

Description

  • Semi Detached Bungalow +
  • Two Bedrooms +
  • Driveway Parking +
  • No Chain +
  • In need of Modernisation +
  • Good Sized Gardens +

A two bedroom semi-detached bungalow located in the residential area of Eaton Park, Stoke-on-Trent with no chain. The property benefits from good sized gardens to both the front and rear and off road parking for several cars. Located close to amenities, bus routes and commuter links. The property is in need of modernisation throughout and viewing is strongly advised.

Agent Details

OneAgency, Stoke-On-Trent

01782 493280

Next Steps?

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

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