2 Bed Terraced House, Refurb/BRRR, Stoke-on-Trent, ST4 5BQ, £110,000

Grosvenor Ave, Oakhill, ST4 5BQ - 3 views - 2 months ago

Auction
Refurb/BRRR
ROI: 16%
~68 m²
+17 photos

ValuationFair Value

Sold Prices£75K - £247K
Sold Prices/m²£889/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£111,100

 

 

End Value (After Refurb)

£109,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£27,823

Bridging Loan Interest

£2,888

Total Cash In

£64,460

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£109,750

Mortgage (After Refinance)

£82,313

Mortgage LTV

75%

Cash Left In

£64,460

Equity

£27,438

Rent Range

£585 - £3,050

Rent Estimate

£1,538

Running Costs/mo

£671

Cashflow/mo

£867

Cashflow/yr

£10,409

ROI

16%

Gross Yield

17%

Local Sold Prices

48 sold prices from £75K to £247K, average is £114.3K. £889/m² to £3.6K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£88K04/210 mi27, Grosvenor Avenue, Stoke-on-trent ST4 5BQ2
£108K10/210 mi37, Grosvenor Avenue, Stoke-on-trent ST4 5BQ2
£100K02/230 mi28, Grosvenor Avenue, Stoke-on-trent ST4 5BQ2
£113.5K04/240.09 mi24, Alastair Road, Stoke-on-trent ST4 5BE2
£90K02/210.09 mi8, Alastair Road, Stoke-on-trent ST4 5BE2
£110K08/240.11 mi35, Neville Street, Stoke-on-trent ST4 5BP2
£104.5K06/230.11 mi10, Neville Street, Stoke-on-trent ST4 5BW2
£113K07/210.14 mi581, London Road, Stoke-on-trent ST4 5AZ2
£115K03/240.14 mi565, London Road, Stoke-on-trent ST4 5AZ2
£95K05/210.15 mi44, Daintry Street, Stoke-on-trent ST4 5NN2
£87.5K12/200.15 mi50, Daintry Street, Stoke-on-trent ST4 5NN2
£101K04/230.15 mi48, Daintry Street, Stoke-on-trent ST4 5NN2
£119.5K10/230.2 mi541, London Road, Stoke-on-trent ST4 5AY2
£133K03/230.22 mi2, Elphinstone Road, Stoke-on-trent ST4 5PB2
£110K02/210.22 mi250, Trent Valley Road, Stoke-on-trent ST4 5LQ2
£143K06/210.25 mi11, Fairbank Avenue, Stoke-on-trent ST4 5JT2
£106K02/230.25 mi843, London Road, Stoke-on-trent ST4 5NZ2
£122K03/210.27 mi36, Fairbank Avenue, Stoke-on-trent ST4 5JU2
£163K11/230.3 mi11, Walton Road, Stoke-on-trent ST4 5PH2
£127K10/230.33 mi6, Kensington Court, Stoke-on-trent ST4 5PJ2
£247K11/210.37 mi48, Regent Street, Stoke-on-trent ST4 5HG2
£150K05/230.41 mi34, Steeple Way, Stoke-on-trent ST4 5BX2
£145K05/230.41 mi24, Steeple Way, Stoke-on-trent ST4 5BX2
£101.8K12/200.44 mi11, Stonewood Close, Stoke-on-trent ST4 6SL2
£90K11/210.44 mi13, Munro Street, Stoke-on-trent ST4 5HA2
£85K03/210.46 mi5, Shelburne Street, Stoke-on-trent ST4 5EY2
£115K06/230.46 mi37, Shelburne Street, Stoke-on-trent ST4 5EY2
£118K05/210.46 mi54, Shelburne Street, Stoke-on-trent ST4 5EY2
£95K08/230.46 mi14, Shelburne Street, Stoke-on-trent ST4 5EY2
£147K02/240.46 mi5, All Saints Road, Stoke-on-trent ST4 4BP2
£137.5K04/230.46 mi7, All Saints Road, Stoke-on-trent ST4 4BP2
£137.5K11/200.47 mi34, Hawthorne Avenue, Stoke-on-trent ST4 6NZ2
£167.5K06/230.48 mi13, Leadbeater Avenue, Stoke-on-trent ST4 5HE2
£116K09/230.48 mi46, All Saints Road, Stoke-on-trent ST4 4BL2
£85K08/240.49 mi9, Penkville Street, Stoke-on-trent ST4 5AL2
£118K02/230.5 mi33, Penkville Street, Stoke-on-trent ST4 5AL2
£75K09/210.53 mi15, Nursery Street, Stoke-on-trent ST4 4BS2
£110K11/230.54 mi17, Nursery Street, Stoke-on-trent ST4 4BS2
£182K12/230.57 mi77, Riverside Road, Stoke-on-trent ST4 6LX2
£195K11/230.57 mi32, Clermont Avenue, Stoke-on-trent ST4 8QN2
£180K03/230.58 mi4, Forestside Grove, Stoke-on-trent ST4 8XH2
£180K01/240.58 mi10, Forestside Grove, Stoke-on-trent ST4 8XH2
£150K12/200.58 mi6a, The Villas, Stoke-on-trent ST4 5AQ2
£110.4K04/210.6 mi44, Church Lane, Stoke-on-trent ST4 4QB2
£105K04/230.62 mi186, Fletcher Road, Stoke-on-trent ST4 4BA2
£98K04/230.63 mi233, Campbell Road, Stoke-on-trent ST4 4EN2
£93K03/240.63 mi231, Campbell Road, Stoke-on-trent ST4 4EN2
£117.5K11/210.63 mi64, Trent Valley Road, Stoke-on-trent ST4 5JA2

Local Rents

20 rents from £585/mo to £3K/mo, average is £790/mo.

RentDateDistanceAddressBeds 
£85002/250 mi-2
£77008/240.04 mi-2
£70009/240.05 miNeville Street, Oakhill, Stoke-On-Trent, ST42
£72508/240.08 mi-2
£78512/240.09 mi-2
£3,05001/240.1 mi-2
£3,05009/240.1 mi-2
£3,05008/240.1 mi-2
£3,05008/240.1 mi-2
£3,05012/240.1 mi-2
£3,05012/240.1 mi-2
£73501/250.11 mi-2
£72512/240.22 mi-2
£58503/250.27 mi-2
£99502/250.41 mi-2
£79503/250.42 mi-2
£75012/240.45 mi-2
£74509/240.45 miSouth Terrace, Churchlands, Stoke On Trent, Staffordshire, ST42
£79903/250.58 mi-2
£75009/240.6 miLowndes Close, Stoke-On-Trent2

Local Area Statistics

Population in ST4

56,870

Population in Stoke-on-Trent

347,755

Town centre distance

3.83 miles away

Nearest school

0.10 miles away

Nearest train station

1.43 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £110,000

February 14, 2025

Floor Plans

Description

  • FOR SALE BY AUCTION +
  • NO UPWARD CHAIN +
  • POTENTIAL TO DEVELOP IN TO HMO/FLATS STPP +
  • CLOSE TO HOSPITAL +
  • GREAT TRANSPORT LINKS +
  • TWO LARGE RECEPTION ROOMS +
  • GREAT INVESTMENT OPPORTUNITY +

Welcome to this charming large end terrace property located in the sought-after area of Oakhill in Staffordshire. This property is perfect for those looking for a great investment opportunity as it is being sold with NO UPWARD CHAIN. Priced at guide of £110,000, this property offers fantastic potential for refurbishment and modernisation.

Upon entering the property, you are greeted by a spacious hallway leading to two generously sized bedrooms and a large bathroom. The property also boasts two reception rooms, providing ample space for entertaining guests or relaxing with family. The garage offers convenient storage space for vehicles or additional belongings.

Although in need of refurbishment, this property presents a wonderful opportunity for buyers to put their own stamp on it and create their dream home. With gas central heating already installed, this property offers comfort and warmth throughout the year.

Situated close to the hospital, this property is ideal for healthcare professionals or those seeking easy access to medical facilities. Oakhill is a peaceful and picturesque area, perfect for those looking to escape the hustle and bustle of city life.

For families, Oakhill is home to a number of highly rated schools, making it an ideal location for those with children. The local community is friendly and welcoming, with a range of amenities including shops, pubs, and parks.

Overall, this end terrace property in Oakhill presents a fantastic opportunity for buyers looking to invest in a property with great potential. With its convenient location, spacious rooms, and charming character, this property is sure to attract interest from a range of buyers. Don`t miss out on the chance to make this property your own and create the home of your dreams in this delightful area of Staffordshire.

For sale by Modern Method Auction -

Guide Price £110,000* Plus 4% Buyers Premium + VAT (subject to a minimum of £5,000+VAT)

For sale by unconditional online auction.

To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website critchlowestateagents.co.uk

UNCONDITIONAL LOT
Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 10% deposit and a 4%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

PRE AUCTION OFFERS ARE CONSIDERED
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer`s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

SPECIAL CONDITIONS

Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge.

LEGAL DOCUMENTS`. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

For those looking to explore the local area, Oakhill offers a range of activities and attractions. The nearby Cannock Chase Area of Outstanding Natural Beauty provides stunning walking and cycling routes, perfect for outdoor enthusiasts. The historic market town of Stafford is just a short drive away, offering a variety of shops, restaurants, and cultural attractions.

For families, Oakhill is home to a number of highly rated schools, making it an ideal location for those with children. The local community is friendly and welcoming, with a range of amenities including shops, pubs, and parks.

Overall, this end terrace property in Oakhill presents a fantastic opportunity for buyers looking to invest in a property with great potential. With its convenient location, spacious rooms, and charming character, this property is sure to attract interest from a range of buyers. Don`t miss out on the chance to make this property your own and create the home of your dreams in this delightful area of Staffordshire.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Critchlow Estate Agents, Newcastle-under-Lyme

01782 493386

Next Steps?

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