2 Bed Bungalow, Refurb/BRRR, Stoke-on-Trent, ST2 8JY, £110,000

Eaves Lane, Bucknall, Stoke-on-Trent, ST2 8JY 8JY - 2 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~68 m²
+4 photos

ValuationFair Value

Sold Prices£58K - £300K
Sold Prices/m²£879/m² - £3.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£110,025

 

 

End Value (After Refurb)

£113,791

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£27,943

Bridging Loan Interest

£2,888

Total Cash In

£64,580

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£113,791

Mortgage (After Refinance)

£85,344

Mortgage LTV

75%

Cash Released

£2,844

Cash Left In

£61,737

Equity

£28,448

Rent Range

£685 - £950

Rent Estimate

£854

Running Costs/mo

£546

Cashflow/mo

£308

Cashflow/yr

£3,691

ROI

6%

Gross Yield

9%

Local Sold Prices

51 sold prices from £58K to £300K, average is £121K. £879/m² to £3.1K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£90K04/210.07 mi31, Dean Street, Stoke-on-trent ST2 8LA2
£92K09/230.07 mi17, Dean Street, Stoke-on-trent ST2 8LA2
£110K11/220.08 mi31, Dean Street, Stoke-on-trent ST2 8LA2
£87K08/210.11 mi305, Werrington Road, Stoke-on-trent ST2 9AS2
£123K04/210.14 mi26, Chapel Street, Stoke-on-trent ST2 9AT2
£95K06/230.14 mi9, Chapel Street, Stoke-on-trent ST2 9AT2
£61K01/240.14 mi13, Chapel Street, Stoke-on-trent ST2 9AT2
£171K11/230.22 mi184, Newhouse Road, Stoke-on-trent ST2 8BN2
£85.5K12/220.23 mi4, Guy Street, Stoke-on-trent ST2 9BB2
£77.5K11/210.24 mi6, Guy Street, Stoke-on-trent ST2 9BB2
£58K04/210.24 mi339, Ruxley Road, Stoke-on-trent ST2 9AZ2
£95K04/210.27 mi128, Corneville Road, Stoke-on-trent ST2 9EU2
£300K08/210.27 mi444, Werrington Road, Stoke-on-trent ST2 9AD2
£198.5K01/240.32 miChristina, Gratton Road, Stoke-on-trent ST2 9DJ2
£165K12/230.33 mi333, Ruxley Road, Stoke-on-trent ST2 9BG2
£130K11/230.34 mi11, Westfield Road, Stoke-on-trent ST2 9HU2
£120K07/230.35 mi7, Bryant Road, Stoke-on-trent ST2 8BG2
£165K03/230.37 mi11, Runnymede Close, Stoke-on-trent ST2 9QS2
£145K02/230.4 mi53, Central Avenue, Stoke-on-trent ST2 9AR2
£170K10/220.41 mi8, Foxlands Close, Stoke-on-trent ST2 9DP2
£125K02/230.42 mi2, Fonthill Walk, Stoke-on-trent ST2 8PD2
£160K06/210.48 mi2, Braemar Close, Stoke-on-trent ST2 8NL2
£135K04/240.49 mi1, Tansey Close, Stoke-on-trent ST2 9QX2
£135K04/240.49 mi1, Tansey Close, Stoke-on-trent ST2 9QX2
£105K05/210.51 mi8, Second Avenue, Stoke-on-trent ST2 8NQ2
£126K12/220.51 mi56, Brookhouse Lane, Stoke-on-trent ST2 8NE2
£220.5K02/210.51 mi4, Brookhouse Lane, Stoke-on-trent ST2 8NE2
£110K09/230.52 mi58, Newstead Road, Stoke-on-trent ST2 8HX2
£121K04/210.54 mi22, Willeton Street, Stoke-on-trent ST2 9JA2
£152K01/210.54 mi4, Hammoon Grove, Stoke-on-trent ST2 9DH2
£128K09/230.54 mi47, Birchfield Road, Stoke-on-trent ST2 8HA2
£117K03/240.54 mi23, Birchfield Road, Stoke-on-trent ST2 8HA2
£86K01/210.55 mi52, Piggott Grove, Stoke-on-trent ST2 9BZ2
£100K02/210.55 mi48, Piggott Grove, Stoke-on-trent ST2 9BZ2
£99.5K11/210.55 mi65, Abbey Lane, Stoke-on-trent ST2 8AU2
£110K12/200.56 mi13, Staveley Close, Stoke-on-trent ST2 9PU2
£110K12/200.56 mi13, Staveley Close, Stoke-on-trent ST2 9PU2
£131K01/230.56 mi22, Staveley Close, Stoke-on-trent ST2 9PU2
£225K02/230.59 mi34, Ash Bank Road, Stoke-on-trent, Staffordshire ST2 9DR2
£180K12/200.62 mi44, Heath House Lane, Stoke-on-trent ST2 8AH2
£130K12/220.63 mi59, Ruthin Road, Stoke-on-trent ST2 0NG2
£135K07/230.63 mi165, Dividy Road, Stoke-on-trent ST2 9JW2
£105K10/210.65 mi87, Ashfield Square, Stoke-on-trent ST2 9LW2
£90.8K04/210.66 mi74, Ruxley Road, Stoke-on-trent ST2 9BU2
£200K02/230.67 mi233, Dividy Road, Stoke-on-trent ST2 0BJ2
£130K09/230.68 mi1, North Place, Stoke-on-trent ST2 8HS2
£100K03/210.68 mi9, Graham Street, Stoke-on-trent ST2 9DD2
£117K02/230.69 mi22, Graham Street, Stoke-on-trent ST2 9DD2
£105K02/210.69 mi18, Holehouse Road, Stoke-on-trent ST2 8JR2
£125K02/230.69 mi18, Holehouse Road, Stoke-on-trent ST2 8JR2
£101K03/230.7 mi35, Graham Street, Stoke-on-trent ST2 9DD2

Local Rents

10 rents from £685/mo to £950/mo, average is £835/mo.

RentDateDistanceAddressBeds 
£69509/240.07 mi-2
£82509/240.11 miCambrian Way, Bucknall, Stoke-on-Trent, ST22
£68509/240.14 miChapel Street, Bucknall2
£69509/240.22 miWerrington Road, Bucknall, Stoke-on-Trent ST22
£75003/250.26 mi-2
£84511/240.4 mi-2
£85010/240.47 mi-2
£95009/240.49 miFellbrook Lane, Bucknall, Stoke-on-Trent, ST22
£89509/240.5 miBrookhouse Lane, Stoke-on-Trent, Staffordshire, ST22
£85003/250.5 mi-2

Local Area Statistics

Population in ST2

34,047

Population in Stoke-on-Trent

347,755

Town centre distance

1.46 miles away

Nearest school

0.10 miles away

Nearest train station

2.33 miles away

 

 

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+41%

Property History

Listed for £110,000

February 18, 2025

Description

PROPERTY DESCRIPTION SEMI DETACHED BUNGALOW IN NEED OF MODERNISATION, NO UPWARD CHAIN.
This two bedroom semi detached bungalow requires modernisation throughout offering potential purchasers the opportunity to create their ideal home. The property is situated in a popular residential location with local amenities, commuter and transport networks all within easy reach. The accommodation comprises, entrance hall, lounge, kitchen, two double bedrooms and a bathroom. Gardens to the front and rear. No upward chain, viewings are strongly recommended.  

ENTRANCE HALL Upvc double glazed entrance door to the front elevation, wall mounted electric heater and coving to the ceiling.  

LOUNGE 13' x 10' 11" (3.96m x 3.33m) Gas fire with feature tiled hearth and surround, wall mounted electric heater, coving to the ceiling, television point and upvc double glazed bay window to the front elevation.  

KITCHEN 8' 5" x 7' (2.57m x 2.13m) Stainless steel sink and single drainer unit, wall mounted electric heater, entrance door and single glazed windows to the side elevation. Pantry with plumbing for a washing machine and upvc double glazed window to the rear elevation.  

MASTER BEDROOM 11' x 9' 11" (3.35m x 3.02m) Wall mounted electric heater and upvc double glazed window to the front elevation. 

BEDROOM TWO 10' 5" x 9' 11" (3.18m x 3.02m) Wall mounted electric heater and upvc double glazed window to the rear elevation. 

BATHROOM 6' 11" x 5' 5" (2.11m x 1.65m) Three piece suite comprising, panelled bath, wall mounted wash hand basin and high level w/c. Built in storage cupboard, loft access and upvc double glazed window to the rear elevation. 

EXTERIOR Attractive lawned gardens to the front and rear elevations. 

GENERAL INFORMATION Viewings
By prior arrangement with Louis Taylor.
Please telephone to arrange a mutually convenient appointment.

Fixtures and Fittings
Nothing in these sales details is intended to indicate that any carpets or curtains, furnishings or fittings, electrical goods (wired or not), gas fires or light fitments, or any other fixtures and fittings not expressly included, form part of the property being offered for sale. The services and appliances have not been tested.

Measurements
Please note room sizes shown are only intended as an approximate guide, and should not be relied upon. When ordering carpets or fitments you should always have the areas measured by the appropriate supplier.

Photos
Photos are reproduced for general information and it must not be inferred that any item is included for sale with the property.

Purchasing Procedure
(Placing your offer) All offers should be made to the sole selling agent at our Newcastle branch. This procedure is part of our agreement to the seller and should be carried out before contacting a bank, building society or solicitor. Any delay may result in the property being sold to someone else, and survey/legal costs being unnecessarily incurred.
These sales particulars are provided as a general outline and are for guidance only, and do not form any part of an offer or contract. Intending buyers should not rely on them as statements of fact. No one working at Louis Taylor has the authority to make or give any representation or warranty in respect of the property.

Market Appraisal
Thinking of selling? Established 1877 Louis Taylor have the local knowledge and experience to offer you a free market appraisal of your property without obligation. It is worth noting that we may already have a purchaser waiting to buy your home.

Survey & Valuation
To be satisfied as to the condition and/or valuation of the property you are purchasing we strongly recommend that you have a professional independent survey undertaken. Louis Taylor provides a full survey and valuation service (including Energy Performance Certificates). For details on the different types of surveys available and for a specific quotation please contact our Survey Department on (please note that we are unable to provide a survey on properties that we are selling).
42/60/31

Agent Details

Louis Taylor, Newcastle-Under-Lyme

01782 493038

Next Steps?

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