3 Bed Bungalow, Refurb/BRRR, Stoke-on-Trent, ST2 9EF, £300,000

38 Ash Grove, Ash Bank, Stoke-On-Trent, Staffordshire, ST2 9EF - 2 months ago

Sold STC
Refurb/BRRR
~112 m²
+11 photos

ValuationOvervalued

Sold Prices£73.5K - £380K
Sold Prices/m²£907/m² - £3.9K/m²

 

 

Square Metres

~111.71 m²
Price/m²£2.7K/m²

Value Estimate

£256,910

 

 

End Value (After Refurb)

£290,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£21,200

Refurb Costs

£45,830

Bridging Loan Interest

£7,875

Total Cash In

£151,655

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£290,500

Mortgage (After Refinance)

£217,875

Mortgage LTV

75%

Cash Left In

£151,655

Equity

£72,625

Rent Range

£485 - £1,150

Rent Estimate

£858

Running Costs/mo

£1,099

Cashflow/mo

£-241

Cashflow/yr

£-2,897

Gross Yield

3%

Local Sold Prices

50 sold prices from £73.5K to £380K, average is £193.8K. £907/m² to £3.9K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£73.5K10/230.01 mi8, Ash Grove, Ash Bank, Stoke-on-trent, Staffordshire ST2 9EF3
£192.5K11/230.11 mi176, Ash Bank Road, Stoke-on-trent, Staffordshire ST2 9EB3
£220K02/210.12 mi6, Alford Drive, Staffordshire Moorlands, Stoke-on-trent, Staffordshire ST2 9QQ3
£220K08/210.17 mi10, Penmere Drive, Werrington, Stoke-on-trent, Staffordshire ST9 0NG3
£180K06/230.21 mi6, Laurel Crescent, Werrington, Stoke-on-trent, Staffordshire ST9 0JZ3
£257K02/230.24 mi49, Meigh Road, Werrington, Stoke-on-trent, Staffordshire ST9 0JY3
£231.3K07/210.25 mi8, Clough Lane, Werrington, Stoke-on-trent, Staffordshire ST9 0DD3
£225K02/230.25 mi69, Meigh Road, Werrington, Stoke-on-trent, Staffordshire ST9 0JY3
£186K07/210.25 mi45, Meigh Road, Werrington, Stoke-on-trent, Staffordshire ST9 0JY3
£210K05/230.3 mi8, Chartwell Close, Werrington, Stoke-on-trent, Staffordshire ST9 0PQ3
£180K05/240.3 mi26, Chartwell Close, Werrington, Stoke-on-trent, Staffordshire ST9 0PQ3
£178.5K11/200.31 mi26, Uplands Croft, Werrington, Stoke-on-trent, Staffordshire ST9 0LF3
£215K10/230.31 mi27, Uplands Croft, Werrington, Stoke-on-trent, Staffordshire ST9 0LF3
£150K04/230.31 mi20, Uplands Croft, Werrington, Stoke-on-trent, Staffordshire ST9 0LF3
£219K10/210.32 mi9, Marsh Close, Werrington, Stoke-on-trent, Staffordshire ST9 0LP3
£305K09/230.33 mi49, Uplands Avenue, Werrington, Stoke-on-trent, Staffordshire ST9 0LE3
£226K03/210.34 mi283, Ash Bank Road, Werrington, Stoke-on-trent, Staffordshire ST9 0JS3
£274K03/230.34 mi287, Ash Bank Road, Werrington, Stoke-on-trent, Staffordshire ST9 0JS3
£228K10/230.37 mi88, Chatsworth Drive, Werrington, Stoke-on-trent, Staffordshire ST9 0PB3
£360K01/210.38 mi72, Ash Bank Road, Stoke-on-trent, Staffordshire ST2 9DU3
£380K12/200.38 mi70, Ash Bank Road, Stoke-on-trent, Staffordshire ST2 9DU3
£190K10/210.38 mi5, Moreton Close, Werrington, Stoke-on-trent, Staffordshire ST9 0PH3
£345K11/210.38 mi124, Washerwall Lane, Werrington, Stoke-on-trent, Staffordshire ST9 0LY3
£330K09/220.38 mi118, Washerwall Lane, Werrington, Stoke-on-trent, Staffordshire ST9 0LY3
£215K11/220.41 mi5, Capesthorne Close, Werrington, Stoke-on-trent, Staffordshire ST9 0PF3
£205K09/210.41 mi3, Quarry Close, Werrington, Stoke-on-trent, Staffordshire ST9 0LA3
£255K03/230.42 mi3, Moss Park Avenue, Werrington, Stoke-on-trent, Staffordshire ST9 0LS3
£180K04/210.42 mi127, Ash Bank Road, Stoke-on-trent, Staffordshire ST2 9DS3
£230K09/220.43 mi33, Quarry Close, Werrington, Stoke-on-trent, Staffordshire ST9 0LA3
£140K07/210.45 mi21, Washerwall Lane, Werrington, Stoke-on-trent, Staffordshire ST9 0JU3
£152K04/210.45 mi33, Washerwall Lane, Werrington, Stoke-on-trent, Staffordshire ST9 0JU3
£190K09/210.49 mi31, Cotehill Road, Werrington, Stoke-on-trent, Staffordshire ST9 0LN3
£185K07/230.49 mi18, Cotehill Road, Werrington, Stoke-on-trent, Staffordshire ST9 0LN3
£120K05/210.52 mi7, Stonehouse Crescent, Werrington, Stoke-on-trent, Staffordshire ST9 0LD3
£120K05/210.52 mi7, Stonehouse Crescent, Werrington, Stoke-on-trent, Staffordshire ST9 0LD3
£284K02/230.54 mi54, Moss Park Avenue, Werrington, Stoke-on-trent, Staffordshire ST9 0EP3
£190K11/220.54 mi37, Moss Park Avenue, Werrington, Stoke-on-trent, Staffordshire ST9 0EP3
£197.5K06/230.54 mi22, Brentwood Drive, Werrington, Stoke-on-trent, Staffordshire ST9 0DW3
£171K10/230.55 mi349, Ash Bank Road, Werrington, Stoke-on-trent, Staffordshire ST9 0JR3
£160K12/200.56 mi29, Whitmore Avenue, Werrington, Stoke-on-trent, Staffordshire ST9 0LW3
£167K05/210.56 mi11, Whitmore Avenue, Werrington, Stoke-on-trent, Staffordshire ST9 0LW3
£200K12/220.57 mi12, Brentwood Drive, Werrington, Stoke-on-trent, Staffordshire ST9 0DW3
£165K06/210.58 mi9, Salters Close, Werrington, Stoke-on-trent, Staffordshire ST9 0DB3
£174K11/200.58 mi58, Moss Park Avenue, Werrington, Stoke-on-trent, Staffordshire ST9 0EU3
£97.5K05/210.6 mi12, Matlock Avenue, Dawley, Telford, Wrekin TF4 2DH3
£171K07/210.61 mi20, Haven Crescent, Werrington, Stoke-on-trent, Staffordshire ST9 0EY3
£168.8K06/210.62 mi22, Alan Dale, Werrington, Stoke-on-trent, Staffordshire ST9 0EN3
£195K01/240.63 mi1, Milford Avenue, Werrington, Stoke-on-trent, Staffordshire ST9 0EZ3
£188K06/210.63 mi8, Milford Avenue, Werrington, Stoke-on-trent, Staffordshire ST9 0EZ3
£308.5K04/210.64 mi54, Ash Bank Road, Stoke-on-trent, Staffordshire ST2 9DR3

Local Rents

51 rents from £485/mo to £1.1K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£80009/240.44 miMoss Park Avenue, Werrington, Stoke-on-Trent, Staffordshire, ST92
£85009/240.48 miCotehill Road, Werrington, Stoke-On-Trent, ST92
£1,15009/240.49 miCotehill Road, Werrington, Stoke-on-Trent, ST93
£89512/240.7 mi-2
£89509/240.71 miBrookhouse Lane, Stoke-on-Trent, Staffordshire, ST22
£82511/240.84 mi-3
£82512/240.84 mi-3
£79509/241.09 miWinchester Avenue, Stoke-On-Trent, ST23
£85009/241.09 mi-3
£95009/241.11 miGladwyn Street, Bucknall , Stoke-on-Trent3
£69509/241.12 mi-2
£89511/241.14 mi-3
£90002/251.2 mi-3
£87502/251.22 mi-2
£85009/241.22 miGlenfield Way, Bentilee3
£82509/241.24 miCambrian Way, Bucknall, Stoke-on-Trent, ST22
£85009/241.28 miAylesbury Road, Bentilee3
£87511/241.32 mi-3
£68509/241.32 miChapel Street, Bucknall2
£84004/251.33 mi-3
£48509/241.35 miWerrington Road, Bucknall1
£83002/251.36 mi-3
£69509/241.38 miWerrington Road, Bucknall, Stoke-on-Trent ST22
£75003/251.43 mi-2
£85004/251.46 mi-2
£85003/251.49 mi-3
£82504/251.5 mi-3
£56511/241.55 mi-1
£85010/241.56 mi-2
£84511/241.56 mi-2
£85008/241.57 mi-3
£92510/241.58 mi-3
£92510/241.58 mi-3
£92510/241.58 mi-3
£92512/241.58 mi-3
£92512/241.58 mi-3
£92512/241.58 mi-3
£92512/241.58 mi-3
£92511/241.58 mi-3
£92512/241.58 mi-3
£92512/241.58 mi-3
£92512/241.58 mi-3
£92512/241.58 mi-3
£92512/241.58 mi-3
£92512/241.58 mi-3
£92512/241.58 mi-3
£92512/241.58 mi-3
£92512/241.58 mi-3
£95009/241.66 miFellbrook Lane, Bucknall, Stoke-on-Trent, ST22
£85009/241.69 miRuxley Road, Stoke-on-Trent, ST2 9BT3
£79509/241.72 mi-3

Local Area Statistics

Population in ST2

34,047

Population in Stoke-on-Trent

347,755

Town centre distance

2.55 miles away

Nearest school

0.50 miles away

Nearest train station

2.63 miles away

 

 

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+41%

Property History

Listed for £300,000

February 12, 2025

Floor Plans

Description

  • Spacious Detached Bungalow Residence +
  • Quiet Head of Cul-de-Sac Position +
  • Backing onto Open Fields +
  • Off Road Parking and Garage +
  • Recently Refitted Shower Room +
  • No Upward Chain +

A spacious detached bungalow providing flexible accommodation with up to three bedrooms. The property is located at the head of a quiet cul-de-sac at the top of Ash Bank, on the outskirts of Werrington. The garden enjoys a good degree of privacy and backs onto open farmland with the Causley Brook beyond.

Whilst the property has been very well maintained over the years, it is ready for some selective modernisation, however, recent improvements include a refitted shower room and en suite W.C., as well as a replacement central heating boiler in recent years.

The property is entered via an entrance porch which in turn leads to a reception hall giving access to all principal rooms, as well as having a large built-in storage cupboard. A spacious kitchen sits at the front of the bungalow providing ample space for table and chairs and having fitted units with granite worktops. Integrated appliances include double larder fridge/freezers, integrated double oven and grill, four ring ceramic hob with extractor hood over and integrated microwave. Off the kitchen is a utility room with plumbing for washing machine and internal access to the garage. A large sitting room also looks out to the front of the property, having coal effect gas fire.  

The master bedroom has an en suite W.C. and window looking out to the rear elevation and this room along with the second bedroom, both have fitted wardrobes and bedroom furniture.  A third room has a glazed door leading out to the rear garden and could easily be used as a third bedroom or a second reception room.  A shower room completes the accommodation having been refitted within the last couple of years, with walk-in shower enclosure, wash basin and W.C.

The property is accessed over a brick paviour driveway providing off road parking and leading to a single integral garage with electric roller door and power/light.  The front garden is designed for low maintenance with artificial lawn surrounded by shrub borders. There is access down both sides of the bungalow to the rear garden which consists of a shaped lawn and mature well stocked shrub borders surrounded by timber panel fencing.  There is also a useful wooden garden shed.

The property is offered with no upward chain but is subject to a Grant of Probate.

Agent Details

Follwells Ltd, Newcastle-Under-Lyme

01782 493700

Next Steps?

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