2 Bed Terraced House, Refurb/BRRR, Stoke-on-Trent, ST4 4AX, £72,000

29 Flax Street, Stoke, ST4 4AX - 4 views - 2 months ago

Auction
Refurb/BRRR
ROI: 8%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£51.5K - £155K
Sold Prices/m²£858/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£73,950

 

 

End Value (After Refurb)

£86,104

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,000

Stamp Duty & Legal Fees

£3,600

Refurb Costs

£27,823

Bridging Loan Interest

£1,890

Total Cash In

£53,062

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£86,104

Mortgage (After Refinance)

£64,578

Mortgage LTV

75%

Cash Released

£10,578

Cash Left In

£42,484

Equity

£21,526

Rent Range

£550 - £2,700

Rent Estimate

£846

Running Costs/mo

£458

Cashflow/mo

£388

Cashflow/yr

£4,653

ROI

9%

Gross Yield

14%

Local Sold Prices

48 sold prices from £51.5K to £155K, average is £90K. £858/m² to £2.7K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£95K07/230.02 mi66, Keary Street, Stoke-on-trent ST4 4AT2
£76.5K03/240.04 mi53, Keary Street, Stoke-on-trent ST4 4AS2
£85.5K04/230.04 mi26, Corporation Street, Stoke-on-trent ST4 4AU2
£82.5K03/210.04 mi37, Corporation Street, Stoke-on-trent ST4 4AU2
£63K03/210.05 mi56, Campbell Road, Stoke-on-trent ST4 4DU2
£75K04/230.06 mi46, Fletcher Road, Stoke-on-trent ST4 4AJ2
£90K07/230.06 mi16, Fletcher Road, Stoke-on-trent ST4 4AJ2
£95K11/210.06 mi40, Spode Street, Stoke-on-trent ST4 4DY2
£90.5K09/210.06 mi8, Spode Street, Stoke-on-trent ST4 4DY2
£83K03/210.07 mi34, Spode Street, Stoke-on-trent ST4 4DY2
£108.3K11/210.07 mi97, Campbell Road, Stoke-on-trent ST4 4DZ2
£115K02/230.07 mi81, Campbell Road, Stoke-on-trent ST4 4DZ2
£92K03/230.08 mi70, Lime Street, Stoke-on-trent ST4 4EF2
£87K11/230.08 mi10, Lime Street, Stoke-on-trent ST4 4EF2
£85K12/210.08 mi58, Corporation Street, Stoke-on-trent ST4 4AY2
£90K11/200.1 mi4, Gable Street, Stoke-on-trent ST4 4ED2
£83K11/210.1 mi7, Lime Street, Stoke-on-trent ST4 4EQ2
£105K04/230.15 mi186, Fletcher Road, Stoke-on-trent ST4 4BA2
£90K06/230.17 mi203, Campbell Road, Stoke-on-trent ST4 4EL2
£95K02/230.19 mi13, Frank Street, Stoke-on-trent ST4 5RJ2
£76K09/230.2 mi32, Boughey Street, Stoke-on-trent ST4 5RN2
£76K09/230.2 mi32, Boughey Street, Stoke-on-trent ST4 5RN2
£95K06/240.2 mi24, Boughey Street, Stoke-on-trent ST4 5RN2
£82K11/210.21 mi24, Fielding Street, Stoke-on-trent ST4 4HB2
£80K05/230.21 mi18, Fielding Street, Stoke-on-trent ST4 4HB2
£70K10/210.21 mi47, Boothen Road, Stoke-on-trent ST4 4AH2
£72K08/230.21 mi5, Selwyn Street, Stoke-on-trent ST4 1ED2
£75K02/210.21 mi97, Birks Street, Stoke-on-trent ST4 4HE2
£75K10/210.21 mi109, Birks Street, Stoke-on-trent ST4 4HE2
£51.5K11/210.23 mi12, Cornwallis Street, Stoke-on-trent ST4 1EA2
£75K05/230.23 mi72, Cornwallis Street, Stoke-on-trent ST4 1EA2
£110K11/230.24 mi17, Nursery Street, Stoke-on-trent ST4 4BS2
£58.5K11/210.24 mi11, Cornwallis Street, Stoke-on-trent ST4 1DZ2
£95K06/210.24 mi42, Penkhull New Road, Stoke-on-trent ST4 5DB2
£75K09/210.24 mi15, Nursery Street, Stoke-on-trent ST4 4BS2
£98K04/230.26 mi233, Campbell Road, Stoke-on-trent ST4 4EN2
£93K03/240.26 mi231, Campbell Road, Stoke-on-trent ST4 4EN2
£155K07/230.26 mi45, Chamberlain Avenue, Stoke-on-trent ST4 5EN2
£150K12/200.26 mi6a, The Villas, Stoke-on-trent ST4 5AQ2
£108K03/230.28 mi27, Bath Street, Stoke-on-trent ST4 7QR2
£150K04/240.28 mi6, Bath Street, Stoke-on-trent ST4 7QR2
£116K09/230.29 mi46, All Saints Road, Stoke-on-trent ST4 4BL2
£137.5K04/230.31 mi7, All Saints Road, Stoke-on-trent ST4 4BP2
£147K02/240.31 mi5, All Saints Road, Stoke-on-trent ST4 4BP2
£118K02/230.32 mi33, Penkville Street, Stoke-on-trent ST4 5AL2
£85K08/240.34 mi9, Penkville Street, Stoke-on-trent ST4 5AL2
£150K05/230.36 mi34, Steeple Way, Stoke-on-trent ST4 5BX2
£145K05/230.36 mi24, Steeple Way, Stoke-on-trent ST4 5BX2

Local Rents

43 rents from £550/mo to £2.7K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£65009/240.02 mi-2
£69502/250.04 mi-2
£1,97512/240.06 mi-2
£65009/240.06 miFletcher Road, Stoke-On-Trent2
£70003/250.07 mi-2
£70001/250.1 mi-2
£70001/250.1 mi-2
£69512/240.11 mi-2
£69512/240.11 mi-2
£80012/240.12 mi-2
£65009/240.13 mi-2
£82509/240.16 miBob Mcgrory Street, Stoke-On-Trent2
£85012/240.2 mi-2
£85012/240.2 mi-2
£84502/250.2 mi-2
£89512/240.21 mi-2
£80012/240.21 mi-2
£69512/240.23 mi-2
£70012/240.23 mi-2
£80012/240.24 mi-2
£75001/250.24 mi-2
£75002/250.24 mi-2
£75002/250.24 mi-2
£72512/230.27 mi-2
£79509/240.32 miCroft Crescent, Penkhull, Stoke-on-Trent ST42
£74509/240.36 miSouth Terrace, Churchlands, Stoke On Trent, Staffordshire, ST42
£79503/250.36 mi-2
£55012/240.38 mi-2
£55012/240.38 mi-2
£75012/240.39 mi-2
£65009/240.44 miOxford Street, Stoke-On-Trent2
£85012/240.45 mi-2
£1,95004/250.47 mi-2
£85003/250.49 mi-2
£2,70009/240.5 mi-2
£75009/240.52 miLowndes Close, Stoke-On-Trent2
£85001/250.56 mi-2
£69509/240.58 miHartshill House, St. Andrews Square, Stoke-on-Trent, ST4 7GD2
£72509/240.58 miHartshill House, St. Andrews Square, Stoke-on-Trent, ST4 7GD2
£79903/250.59 mi-2
£75001/250.61 mi-2
£78012/240.61 mi-2
£62009/240.62 mi-2

Local Area Statistics

Population in ST4

56,870

Population in Stoke-on-Trent

347,755

Town centre distance

3.09 miles away

Nearest school

0.10 miles away

Nearest train station

0.69 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Price changed to £72,000

March 24, 2025

Listed for £79,999

February 10, 2025

Floor Plans

Description

  • FOR SALE BY MODERN METHOD OF AUCTION +
  • FAST SALE SERVICE - NO ONWARDS CHAIN +
  • Reservation Fee Applies - Reserve Price Applies +
  • Two Double Bedrooms +
  • Two Reception Rooms +
  • Three Piece Downstairs Shower Room +
  • Enclosed Rear Yard +
  • Popular Location +
  • Excellent Investment Property +
  • On Street Parking +

FOR SALE BY MODERN METHOD OF AUCTION - FAST SALE SERVICE - NO ONWARDS CHAIN! A two double bedroom and two reception room mid-terrace property. In need of some renovation, the property is ideal for investors and those looking to create something ideal for themselves.

The front reception room has been divided into a hallway, which could be opened into a larger room as originally constructed if so desired. Large rear reception room with understairs cupboard and doorway to the stairs. Long rear kitchen in good condition. Three piece downstairs shower room. Two double bedrooms upstairs, with the rear bedroom hosting a large recess over the stairs, great for storage. Private enclosed rear yard with fully walled boundaries and gated access.

No Onwards Chain.

For sale by Modern Method of Auction with IAMSOLD. See information below for full details.

Modern Method Of Auction Information - This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).

If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The successful buyer is responsible for the Pack fee on purchase. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.

The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

Entrance Hallway - 3.48 x 0.98 (11'5" x 3'2") -

Front Reception Room - 3.44 x 2.46 (11'3" x 8'0") -

Rear Reception Room - 3.71 x 3.44 (12'2" x 11'3") -

Kitchen - 4.81 x 1.72 (15'9" x 5'7") -

Bathroom - 1.94 x 1.72 (6'4" x 5'7") -

Bedroom One - 3.75 x 3.44 (12'3" x 11'3") -

Bedroom Two - 3.55 x 3.44 (11'7" x 11'3") -

Agent Details

Stephenson Browne Ltd, Newcastle Under Lyme

01782 493535

Next Steps?

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