3 Bed Semi-Detached House, Refurb/BRRR, Stoke-on-Trent, ST4 7NB, £40,000

2 Northcote Avenue, Stoke-on-Trent, ST4 7NB - 26 views - a month ago

Sold STC
Auction
Refurb/BRRR
ROI: 8%
76 m²
+9 photos

ValuationUndervalued

Sold Prices£48.5K - £265K
Sold Prices/m²£842/m² - £2.7K/m²

 

 

Square Metres

76 m²
Price/m²£526/m²

Value Estimate

£41,200
BMV3%

 

 

End Value (After Refurb)

£115,485

Uplift in Value

+189%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£10,000

Stamp Duty & Legal Fees

£1,200

Refurb Costs

£31,045

Bridging Loan Interest

£1,050

Total Cash In

£45,045

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£115,485

Agent Fees (1%)

£1,155

Bridging Loan

£30,000

Bridging Loan Interest

£1,050

Flip Profit

£39,285

Local Sold Prices

51 sold prices from £48.5K to £265K, average is £150K. £842/m² to £2.7K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£168K06/210.02 mi1, Northcote Avenue, Stoke-on-trent ST4 7NB3
£136K11/230.02 mi6, Northcote Avenue, Stoke-on-trent ST4 7NB3
£112.5K12/200.03 mi9, Gerrard Street, Stoke-on-trent ST4 7DS3
£149K07/240.03 mi9, Gerrard Street, Stoke-on-trent ST4 7DS3
£182K09/230.04 mi107, Hartshill Road, Stoke-on-trent ST4 7LU3
£106K10/230.12 mi41, Shelton Old Road, Stoke-on-trent ST4 7RX3
£174K06/230.15 mi137, Richmond Street, Stoke-on-trent ST4 7DX3
£265K08/230.16 mi9, Hallahan Grove, Stoke-on-trent ST4 7SL3
£125K03/240.18 mi11, Lynam Street, Stoke-on-trent ST4 7ED3
£135K03/240.18 mi8, Wadham Street, Stoke-on-trent ST4 7HF3
£185K11/200.22 mi179, Hartshill Road, Stoke-on-trent ST4 7NE3
£138K02/210.22 mi44, Oxford Street, Stoke-on-trent ST4 7EE3
£230K09/230.22 mi19, Quarry Avenue, Stoke-on-trent ST4 7EW3
£128K03/230.22 mi39, Oxford Street, Stoke-on-trent ST4 7EG3
£120K07/210.22 mi15, Brighton Street, Stoke-on-trent ST4 7HH3
£132K02/230.22 mi8, Brighton Street, Stoke-on-trent ST4 7HH3
£168K07/230.22 mi27, Brighton Street, Stoke-on-trent ST4 7HH3
£155K07/240.22 mi10, Brighton Street, Stoke-on-trent ST4 7HH3
£145K07/240.22 mi21, Brighton Street, Stoke-on-trent ST4 7HH3
£149K03/210.23 mi52, Honeywall, Stoke-on-trent ST4 7HX3
£230K08/230.25 mi16, West Avenue, Stoke-on-trent ST4 7EU3
£230K08/230.25 mi16, West Avenue, Stoke-on-trent ST4 7EU3
£235K11/230.33 mi3, Quarry Road, Stoke-on-trent ST4 7ER3
£132.5K02/210.35 mi37, Boon Avenue, Stoke-on-trent ST4 7QW3
£152K05/240.35 mi27, Boon Avenue, Stoke-on-trent ST4 7QW3
£125K10/210.36 mi62, Boon Avenue, Stoke-on-trent ST4 7QP3
£130K02/230.36 mi70, Boon Avenue, Stoke-on-trent ST4 7QP3
£135K11/200.37 mi8, Bath Street, Stoke-on-trent ST4 7QR3
£175K08/230.38 mi67, Yoxall Avenue, Stoke-on-trent ST4 7JJ3
£175K08/230.38 mi67, Yoxall Avenue, Stoke-on-trent ST4 7JJ3
£161K12/200.39 mi84, Princes Road, Stoke-on-trent ST4 7JL3
£185K08/210.4 mi34, Yoxall Avenue, Stoke-on-trent ST4 7JH3
£177K10/210.4 mi26, Yoxall Avenue, Stoke-on-trent ST4 7JH3
£48.5K03/210.4 mi23, Haywood Street, Stoke-on-trent ST4 2RB3
£244K09/230.41 mi269, Hartshill Road, Stoke-on-trent ST4 7NQ3
£75K07/230.42 mi5, Sillitoe Place, Stoke-on-trent ST4 5DQ3
£230.5K06/210.45 mi30, St Thomas Place, Stoke-on-trent ST4 7LB3
£150K01/210.47 mi195, Penkhull New Road, Stoke-on-trent ST4 5DF3
£90K11/200.49 mi91, Spencer Road, Stoke-on-trent ST4 2BE3
£209K01/230.53 mi30, Hunters Way, Stoke-on-trent ST4 5EJ3
£220.1K12/200.57 mi15, Franklin Road, Stoke-on-trent ST4 5DS3
£105K11/200.58 mi13, Boughey Road, Stoke-on-trent ST4 2BZ3
£64K02/210.58 mi80, Cornwallis Street, Stoke-on-trent ST4 1EA3
£110K08/230.59 mi37, Avenue Road, Stoke-on-trent ST4 2DU3
£110K08/230.59 mi37, Avenue Road, Stoke-on-trent ST4 2DU3
£150K11/200.59 mi15, Colindene Grove, Stoke-on-trent ST4 5EH3
£155K09/210.59 mi17, Colindene Grove, Stoke-on-trent ST4 5EH3
£68K04/210.6 mi56, Selwyn Street, Stoke-on-trent ST4 1EE3
£162K01/210.61 mi8, Hunters Drive, Stoke-on-trent ST4 5ED3
£190K11/200.65 mi10, Nelson Road, Stoke-on-trent ST4 7PD3
£220K03/240.65 mi18, Nelson Road, Stoke-on-trent ST4 7PD3

Local Rents

28 rents from £300/mo to £2.8K/mo, average is £823/mo.

RentDateDistanceAddressBeds 
£2,80009/240.04 mi-3
£87009/240.05 miHartshill Road, Hartshill, Stoke-on-Trent, ST4 7LU3
£85009/240.07 miSt. Andrews Square, Stoke-on-Trent, ST4 7GA3
£65109/240.2 mi-3
£65109/240.2 mi-3
£65109/240.2 mi-3
£65109/240.2 mi-3
£90003/250.23 mi-3
£79512/240.24 mi-3
£75002/240.26 mi-3
£1,00003/250.33 mi-3
£85003/250.33 mi-3
£1,20012/240.39 mi-3
£1,20509/240.42 miFoxfields, Stoke-on-Trent3
£39009/240.45 miBeresford Street, Shelton, Stoke-On-Trent, ST43
£45509/240.46 mi-3
£47703/250.46 mi-3
£45509/240.48 miGuildford Street, Stoke-On-Trent, ST43
£30009/240.5 miCauldon Road, Stoke-On-Trent, ST43
£2,50012/240.52 mi-3
£95003/250.54 mi-3
£64009/240.54 mi-3
£90012/240.54 mi-3
£90008/240.56 mi-3
£90001/250.56 mi-3
£39009/240.58 miCornwallis Street, Stoke-On-Trent, ST43
£95012/240.59 miHartshill Road; Hartshill; ST43
£30309/240.61 miConway Street, Shelton, Stoke-On-Trent, ST43

Local Area Statistics

Population in ST4

56,870

Population in Stoke-on-Trent

347,755

Town centre distance

2.60 miles away

Nearest school

0.30 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £40,000

February 20, 2025

Floor Plans

Description

  • Freehold Vacant possession upon completion. +

For Sale By Public Auction on 27 March 2025 starting at 08:30 AM - A vacant freehold semi detached property

A semi detached property stepped up from the road behind a foregarden.

Accommodation
Ground Floor: Hall, Two Reception Rooms, Kitchen.
First Floor: Landing, Three Bedrooms, Bathroom/WC.
Outside: Gardens.
The property benefits from having a gas fired central heating system and double glazing however it is in need of modernisation.

Energy Performance Rating
D

Tenure
Freehold Vacant possession upon completion.

Pre-auction Offers
Please note no offers will be considered prior to the Auction Sale.

Auctioneer's Note
Please note that the completion period for this property is 8 weeks (56 days).

Viewing Times
Viewings will be carried out on a block viewing basis. The times and dates will be available from Thursday 6th March 2025, please revisit our website after this date.

Live-Streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.

Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. . If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information available on Bond Wolfe’s website), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’ on the Bond Wolfe website, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. 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.

Agent Details

Bond Wolfe, Auctions

0121 387 6767

Next Steps?

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