3 Bed Detached House, Refurb/BRRR, Stoke-on-Trent, ST9 9BP, £374,950

11 Spinney Close, Stoke-on-Trent, Staffordshire ST9 9BP - 2 months ago

Under Offer
Refurb/BRRR
~93 m²
+35 photos

ValuationOvervalued

Sold Prices£182K - £600K
Sold Prices/m²£1.7K/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£4K/m²

Value Estimate

£249,550

 

 

End Value (After Refurb)

£373,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,738

Stamp Duty & Legal Fees

£28,695

Refurb Costs

£38,000

Bridging Loan Interest

£9,842

Total Cash In

£172,025

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£373,750

Mortgage (After Refinance)

£280,313

Mortgage LTV

75%

Cash Left In

£172,025

Equity

£93,438

Rent Range

£495 - £4,250

Rent Estimate

£1,225

Running Costs/mo

£1,433

Cashflow/mo

£-208

Cashflow/yr

£-2,496

Gross Yield

4%

Local Sold Prices

50 sold prices from £182K to £600K, average is £294K. £1.7K/m² to £4.1K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£350K05/210.06 mi9, Woodvale Crescent, Endon, Stoke-on-trent, Staffordshire ST9 9BN3
£190K05/210.13 mi17, Greenfield Road, Endon, Stoke-on-trent, Staffordshire ST9 9HL3
£250K11/230.13 mi7, Houston Avenue, Endon, Stoke-on-trent, Staffordshire ST9 9HW3
£198K12/200.18 mi6, Hampshire Close, Endon, Stoke-on-trent, Staffordshire ST9 9HJ3
£278K07/230.18 mi6, Hampshire Close, Endon, Stoke-on-trent, Staffordshire ST9 9HJ3
£255K10/210.19 mi24, High View Road, Endon, Stoke-on-trent, Staffordshire ST9 9HT3
£190.5K04/210.21 mi16, Brampton Close, Endon, Stoke-on-trent, Staffordshire ST9 9HR3
£327K07/210.23 mi29, Hillside Avenue, Endon, Stoke-on-trent, Staffordshire ST9 9HH3
£435K03/210.24 miLoxley, Clay Lake, Endon, Stoke-on-trent, Staffordshire ST9 9BU3
£293K03/210.24 mi233, Leek Road, Endon, Stoke-on-trent, Staffordshire ST9 9BH3
£262.5K02/240.25 mi17, Kenley Avenue, Endon, Stoke-on-trent, Staffordshire ST9 9HX3
£185K04/210.25 mi14, Kenley Avenue, Endon, Stoke-on-trent, Staffordshire ST9 9HX3
£255K09/210.25 mi30, Kenley Avenue, Endon, Stoke-on-trent, Staffordshire ST9 9HX3
£262K07/230.25 mi32, Kenley Avenue, Endon, Stoke-on-trent, Staffordshire ST9 9HX3
£250K03/210.25 mi63, High View Road, Endon, Stoke-on-trent, Staffordshire ST9 9HS3
£295K06/230.25 mi63, High View Road, Endon, Stoke-on-trent, Staffordshire ST9 9HS3
£370K12/220.26 mi30, High View Road, Endon, Stoke-on-trent, Staffordshire ST9 9HS3
£188K07/210.27 miSunnyside, Clay Lake, Endon, Stoke-on-trent, Staffordshire ST9 9DE3
£367.8K12/200.28 mi251, Leek Road, Endon, Stoke-on-trent, Staffordshire ST9 9HQ3
£188K07/210.29 miSunnyside, Clay Lake, Endon, Stoke-on-trent, Staffordshire ST9 9DE3
£535K06/210.32 miThe Outspan, Stoney Lane, Endon, Stoke-on-trent, Staffordshire ST9 9BZ3
£380K01/210.34 mi19, Brookfield Avenue, Endon, Stoke-on-trent, Staffordshire ST9 9ED3
£325K06/210.35 mi220, Leek Road, Endon, Stoke-on-trent, Staffordshire ST9 9EA3
£255K04/230.35 mi41, Station Road, Endon, Stoke-on-trent, Staffordshire ST9 9DR3
£315K10/220.35 mi21, Railway Court, Endon, Stoke-on-trent, Staffordshire ST9 9ET3
£255K12/200.38 mi2, Cedar Crescent, Endon, Stoke-on-trent, Staffordshire ST9 9DB3
£350K10/210.38 mi18, Parkfields, Endon, Stoke-on-trent, Staffordshire ST9 9BD3
£339.9K12/200.38 mi11, Parkfields, Endon, Stoke-on-trent, Staffordshire ST9 9BD3
£382.5K03/210.39 miMoorland Edge, Edge Lane, Endon, Stoke-on-trent, Staffordshire ST9 9DG3
£310K12/200.39 mi30, Hazelwood Road, Endon, Stoke-on-trent, Staffordshire ST9 9DA3
£360K07/230.45 miBerwyn, Platts Avenue, Endon, Stoke-on-trent, Staffordshire ST9 9EG3
£220K04/210.45 miGreen Hollows, Platts Avenue, Endon, Stoke-on-trent, Staffordshire ST9 9EG3
£395K06/230.45 miTrevela, Woodstone Avenue, Endon, Stoke-on-trent, Staffordshire ST9 9DL3
£360K10/220.46 mi51, Basnetts Wood, Endon, Stoke-on-trent, Staffordshire ST9 9DQ3
£580K04/230.5 miThe Old Smithy, Brook Lane, Endon, Stoke-on-trent, Staffordshire ST9 9EZ3
£360K12/200.5 miVermont, Brook Lane, Endon, Stoke-on-trent, Staffordshire ST9 9EZ3
£280K05/210.52 mi21, Springbank Avenue, Endon, Stoke-on-trent, Staffordshire ST9 9EL3
£260K05/230.52 mi4, Springbank Avenue, Endon, Stoke-on-trent, Staffordshire ST9 9EL3
£295K03/210.52 mi10, Springbank Avenue, Endon, Stoke-on-trent, Staffordshire ST9 9EL3
£182K05/230.52 mi23, The Quadrangle, Endon, Stoke-on-trent, Staffordshire ST9 9DS3
£195K09/210.52 mi4, The Quadrangle, Endon, Stoke-on-trent, Staffordshire ST9 9DS3
£263K02/210.57 mi45, Basnetts Wood, Endon, Stoke-on-trent, Staffordshire ST9 9DQ3
£315K02/210.57 mi34, Basnetts Wood, Endon, Stoke-on-trent, Staffordshire ST9 9DQ3
£375K04/240.57 mi26, Basnetts Wood, Endon, Stoke-on-trent, Staffordshire ST9 9DQ3
£285K05/210.57 mi5, Brookside Drive, Endon, Stoke-on-trent, Staffordshire ST9 9HA3
£415K10/230.58 mi1, Greenmeadow Grove, Endon, Stoke-on-trent, Staffordshire ST9 9EU3
£600K03/210.61 miThe Farmhouse, Breach Road, Brown Edge, Stoke-on-trent, Staffordshire ST6 8TR3
£250K04/230.63 miBeech Cottage, The Village, Endon, Stoke-on-trent, Staffordshire ST9 9EX3
£330K12/220.63 mi9, Florence Terrace, Endon, Stoke-on-trent, Staffordshire ST9 9EX3
£185K12/230.68 mi1, Florence Terrace, Endon, Stoke-on-trent, Staffordshire ST9 9AZ3

Local Rents

32 rents from £495/mo to £4.3K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£2,40009/240.29 miLeek Road, Endon, Staffordshire6
£95009/240.35 miRailway Court, Endon2
£4,25009/240.37 miBeaumont House, Church Lane, Endon, Stoke On Trent, Staffordshire, ST95
£90009/240.61 miBasnetts Wood, Endon, Stoke-on-Trent, Staffordshire, ST93
£1,50009/240.63 miThe Old Post Office, The Village, Endon3
£87504/250.68 mi-2
£90009/240.78 miPoolfields Court, Brown Edge, Stoke-on-Trent, Staffordshire, ST63
£1,60009/240.85 miHigh View, Parkway, Brown Edge, Staffordshire, ST64
£1,50009/240.9 miHigh View, Parkway, Brown Edge, Staffordshire, ST64
£1,50009/240.98 mi-4
£1,50009/241.13 miLeek New Road, Stockton Brook, ST94
£85012/241.62 mi-2
£85012/241.62 mi-2
£67010/241.71 mi-2
£79509/241.73 mi-2
£79510/241.73 mi-2
£68010/241.75 mi-2
£60009/241.84 miGilman Avenue, Stoke-on-Trent, Staffordshire, ST21
£3,20009/241.9 mi-3
£3,20012/241.9 mi-3
£95007/242.03 mi-3
£72512/242.11 mi-2
£57502/242.14 mi-2
£80001/252.14 mi-3
£62509/242.15 miWilliamson Avenue, Ball Green, Stoke-on-Trent2
£55009/242.15 miLincoln Court, Knypersley Road1
£1,05002/252.23 mi-3
£49509/242.28 miLeek Road Milton1
£87501/252.41 mi-3
£85012/242.43 mi-2
£1,10004/252.45 mi-2
£72509/242.47 miBarks Drive, Norton, Stoke-On-Trent3

Local Area Statistics

Population in ST9

11,933

Population in Stoke-on-Trent

347,755

Town centre distance

3.20 miles away

Nearest school

0.30 miles away

Nearest train station

4.86 miles away

 

 

Rental growth (12m)

-5%

Sales demand

Buyer's market

Capital growth (5yrs)

+24%

Property History

Listed for £374,950

February 17, 2025

Description

  • Spacious corner plot +
  • Mature gardens surround the property +
  • Spacious double garage with driveway +
  • Dual aspect lounge / dining room +
  • Three double bedrooms +
  • Master bedroom with fitted furniture +
  • Sought after area +
  • No upward chain +

Nestled in a peaceful cul-de-sac on the outskirts of Endon, this detached home offers a fantastic opportunity for those looking to create their dream property. With a double garage, a wrap-around garden, and mature hedges providing privacy, this home is brimming with potential.

The property features a paved driveway with ample parking, making it ideal for families or those needing extra space for multiple vehicles. Inside, the duel-aspect lounge is filled with natural light, boasting a glass patio door that opens to the garden, perfect for enjoying the outdoor space.

With three bedrooms and plenty of scope for modernisation, this home presents an exciting chance to reimagine and enhance its interiors to suit your style. Whether you're looking to update key features or undertake a full transformation, the possibilities here are endless.

Opportunities like this don’t come along often, don’t miss your chance to view this promising home.

Agent Details

Daniel & Hulme, Leek

01538 710664

Next Steps?

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