2 Bed Terraced House, Refurb/BRRR, Stoke-on-Trent, ST6 2PG, £75,000

Hillary Street, Cobridge, Stoke-on-Trent, ST6 2PG - 9 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 7%
~68 m²
+3 photos

ValuationOvervalued

Sold Prices£40K - £165K
Sold Prices/m²£488/m² - £3.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£70,178

 

 

End Value (After Refurb)

£84,218

Uplift in Value

+12%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Refurb Costs

£27,600

Bridging Loan Interest

£1,969

Total Cash In

£53,519

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£84,218

Mortgage (After Refinance)

£63,164

Mortgage LTV

75%

Cash Released

£6,914

Cash Left In

£46,605

Equity

£21,055

Rent Range

£540 - £2,300

Rent Estimate

£742

Running Costs/mo

£432

Cashflow/mo

£310

Cashflow/yr

£3,725

ROI

7%

Gross Yield

12%

Local Sold Prices

50 sold prices from £40K to £165K, average is £82.5K. £488/m² to £3.4K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£70K10/210 mi18, Hillary Street, Stoke-on-trent ST6 2PG2
£60K02/210.05 mi3, Furnival Street, Stoke-on-trent ST6 2PD2
£72.5K11/200.25 mi195, Sneyd Street, Stoke-on-trent ST6 2NU2
£73K06/230.25 mi48, Derwent Street, Stoke-on-trent ST1 5EN2
£40K04/210.28 mi409, Waterloo Road, Stoke-on-trent ST1 5DT2
£75K02/230.28 mi19, Windermere Street, Stoke-on-trent ST1 5EL2
£63K08/210.29 mi79, North Road, Stoke-on-trent ST6 2DN2
£70K05/210.29 mi10, Windermere Street, Stoke-on-trent ST1 5EL2
£60K02/240.29 mi10, Windermere Street, Stoke-on-trent ST1 5EL2
£140K07/230.3 mi18, Festival Close, Stoke-on-trent ST6 3LG2
£68K05/230.31 mi23, Lindley Street, Stoke-on-trent ST6 2DW2
£100K02/210.33 mi15, Bowlers Close, Stoke-on-trent ST6 3LR2
£45K01/240.34 mi91, Portland Street, Stoke-on-trent ST1 5DR2
£110K07/210.35 mi17, Boundary Street, Stoke-on-trent ST1 5BA2
£61K01/210.35 mi59, Winifred Street, Stoke-on-trent ST1 5DN2
£65K12/200.36 mi58, Davison Street, Stoke-on-trent ST6 2EX2
£85K12/210.38 mi270, Sneyd Street, Stoke-on-trent ST6 2NP2
£50K11/200.4 mi19, Rutland Street, Stoke-on-trent ST1 5JG2
£55K12/230.4 mi43, Rutland Street, Stoke-on-trent ST1 5JG2
£62.5K03/210.4 mi35, Rutland Street, Stoke-on-trent ST1 5JG2
£155K12/200.42 mi303, Sneyd Street, Stoke-on-trent ST6 2NS2
£60K01/210.42 mi169, Lower Bryan Street, Stoke-on-trent ST1 5AT2
£59K11/200.43 mi58, Lowther Street, Stoke-on-trent ST1 5JF2
£91.5K02/210.43 mi67, Barnfield Road, Stoke-on-trent ST6 3DG2
£65K12/200.45 mi27, Lowther Street, Stoke-on-trent ST1 5JE2
£100K06/210.45 mi4, Shaw Street, Stoke-on-trent ST1 5JN2
£66K11/210.46 mi102, Nile Street, Stoke-on-trent ST6 2BH2
£62.6K07/210.47 mi11, Portland Street, Stoke-on-trent ST1 5HZ2
£47.5K10/210.48 mi29, Denbigh Street, Stoke-on-trent ST1 5JA2
£95K03/210.5 mi96, Commercial Street, Stoke-on-trent ST6 3DB2
£107.5K04/210.53 mi5, Granville Avenue, Stoke-on-trent ST1 6BQ2
£157.5K12/220.55 mi55, Granville Avenue, Stoke-on-trent ST1 6BQ2
£80K03/230.56 mi17, Glendale Street, Stoke-on-trent ST6 2EP2
£121.7K03/210.58 mi52, Dairyfields Way, Stoke-on-trent ST1 6XJ2
£146.9K06/230.58 mi54, Dairyfields Way, Sneyd Green, Stoke-on-trent ST1 6XJ2
£95K03/230.59 mi164, Chell Street, Stoke-on-trent ST1 6BD2
£112K05/230.61 mi178, Town Road, Stoke-on-trent ST1 2LD2
£94K08/210.62 mi74, Barthomley Road, Stoke-on-trent ST1 6NJ2
£105K04/230.62 mi82, Barthomley Road, Stoke-on-trent ST1 6NJ2
£72K02/210.62 mi94, Barthomley Road, Stoke-on-trent ST1 6NJ2
£165K11/220.62 mi178, Birches Head Road, Stoke-on-trent ST1 6LN2
£132K10/200.63 mi39, Bethell Road, Stoke-on-trent ST1 6XL2
£106K11/210.64 mi47, Barthomley Road, Stoke-on-trent ST1 6NS2
£160K01/240.65 mi15, Northam Road, Stoke-on-trent ST1 6DA2
£132K11/210.65 mi7, Northam Road, Stoke-on-trent ST1 6DA2
£100K09/210.65 mi15, Northam Road, Stoke-on-trent ST1 6DA2
£100K10/210.65 mi45, Barthomley Road, Stoke-on-trent ST1 6NS2
£109K05/230.65 mi15, Barthomley Road, Stoke-on-trent ST1 6NS2
£67.5K01/210.65 mi37, Barthomley Road, Stoke-on-trent ST1 6NS2
£124K12/230.65 mi15, Dilke Street, Stoke-on-trent ST1 2LJ2

Local Rents

23 rents from £540/mo to £2.3K/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£75003/250.02 mi-2
£80009/240.11 miHenry Dunn Avenue, Hanley, Stoke-on-Trent, ST12
£1,20002/250.12 mi-2
£1,00003/250.16 mi-2
£79509/240.21 miGrove Street; Hanley; ST62
£56001/250.35 mi-2
£69501/250.35 mi-2
£72503/250.39 mi-2
£62509/240.4 miWaterloo Road, Stoke-On-Trent, ST62
£67509/240.4 miHughes Street Burslem2
£60009/240.41 miRutland Street, Stoke-On-Trent2
£58511/240.42 mi-2
£54012/240.42 mi-2
£54012/240.42 mi-2
£69512/240.43 mi-2
£2,30001/240.43 mi-2
£65002/250.45 mi-2
£69509/240.47 miDenbigh Street, ST12
£60002/250.47 mi-2
£58004/250.48 mi-2
£65009/240.49 mi-2
£65009/240.5 miCentury Street, Hanley, Stoke-on-Trent, ST12
£70012/240.51 mi-2

Local Area Statistics

Population in ST6

64,608

Population in Stoke-on-Trent

347,755

Town centre distance

1.04 miles away

Nearest school

0.20 miles away

Nearest train station

1.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £75,000

February 5, 2025

Description

  • Victorian Terrace House +
  • Two Bedrooms +
  • Sitting Room +
  • Lounge +
  • Fitted Kitchen +
  • Gas Central Heating +
  • First Floor Bathroom/WC +
  • Freehold +
  • Council Tax Band A +
  • No Upward Chain +

Findahome are pleased to offer to the market this Two Bedroom Victorian Terrace House offered with No Upward Chain. Ideal for first time buyers and buy-to-let investors. In need of some cosmetic updating. The accommodation comprises of: Ent Porch, Sitting Room, Lounge, Fitted Kitchen, Two Double Bedrooms and Bathroom/WC. Externally there is a rear yard. Close to Hanley City Centre, Festival Park and the A500. A viewing is essential to appreciate the potential.  

ENTRANCE PORCH(DRAFT DETAILS) Door into: 

SITTING ROOM 11' 0" x 10' 9" (3.35m x 3.28m) Door leading into: 

LOUNGE 12' 2" x 10' 10" (3.71m x 3.3m) Storage cupboard, feature fireplace with living flame effect gas fire, stairs leading to the first floor. Door into: 

KITCHEN 12' 6" x 6' 1" (3.81m x 1.85m) Fitted kitchen, built in oven and four ring gas hob with extractor hood over. Access to the yard.  

FIRST FLOOR  

LANDING Access to the loft, doors leading into: 

BEDROOM ONE 11' 0" x 9' 8" (3.35m x 2.95m) Fitted wardrobes.  

BEDROOM TWO 12' 2" x 8' 0" (3.71m x 2.44m) Fitted wardrobes.  

BATHROOM/WC 12' 9" x 6' 0" (3.89m x 1.83m) Bath, hand basin, WC, airing cupboard housing the hot water cylinder.  

EXTERIOR To the rear there is a paved yard.

Agent Details

Findahome Online Ltd, Stoke-on-Trent

01782 493531

Next Steps?

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