3 Bed Bungalow, Refurb/BRRR, Stoke-on-Trent, ST8 6NH, £210,000

16 Mansfield Drive, Brown Lees, ST8 6NH - 2 views - 2 months ago

Refurb/BRRR
~93 m²
+18 photos

ValuationOvervalued

Sold Prices£55K - £376K
Sold Prices/m²£859/m² - £4.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£161,914

 

 

End Value (After Refurb)

£232,884

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£11,700

Refurb Costs

£39,554

Bridging Loan Interest

£5,513

Total Cash In

£111,017

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£232,884

Mortgage (After Refinance)

£174,663

Mortgage LTV

75%

Cash Released

£17,163

Cash Left In

£93,854

Equity

£58,221

Rent Range

£725 - £1,100

Rent Estimate

£847

Running Costs/mo

£917

Cashflow/mo

£-70

Cashflow/yr

£-842

Gross Yield

5%

Local Sold Prices

51 sold prices from £55K to £376K, average is £187.5K. £859/m² to £4.8K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£169K07/230.05 mi24, Endon Drive, Brown Lees, Stoke-on-trent, Staffordshire ST8 6NJ3
£222.5K12/230.05 mi20, Endon Drive, Brown Lees, Stoke-on-trent, Staffordshire ST8 6NJ3
£143K12/200.06 mi1, Lyndhurst Drive, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PB3
£168K04/240.06 mi78, Lotus Avenue, Knypersley, Stoke-on-trent, Staffordshire ST8 6PS3
£172.5K03/210.11 mi4, Lancia Close, Knypersley, Stoke-on-trent, Staffordshire ST8 6PX3
£115K02/230.14 mi7, Newpool Terrace, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PE3
£168K11/220.14 mi39, Newpool Terrace, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PE3
£140K06/210.14 mi9, Newpool Terrace, Brown Lees, Stoke-on-trent ST8 6PE3
£225K02/210.14 miMoor View, 14b, Newpool Terrace, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PE3
£260K06/230.17 mi39, Lyneside Road, Knypersley, Stoke-on-trent, Staffordshire ST8 6SD3
£199.9K12/200.17 mi51, Newpool Road, Knypersley, Stoke-on-trent, Staffordshire ST8 6NT3
£225K10/230.17 mi61, Newpool Road, Knypersley, Stoke-on-trent, Staffordshire ST8 6NT3
£215K07/210.19 mi68, Newpool Road, Knypersley, Stoke-on-trent, Staffordshire ST8 6NS3
£205K10/220.19 mi4, Royce Avenue, Knypersley, Stoke-on-trent, Staffordshire ST8 6SH3
£180K12/230.2 mi22, Newpool Road, Knypersley, Stoke-on-trent, Staffordshire ST8 6NS3
£115K09/210.27 mi11, Brownlees Road, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PJ3
£268K11/230.27 mi25, Brown Lees Road, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PJ3
£295K02/210.29 mi158, Tunstall Road, Knypersley, Stoke-on-trent, Staffordshire ST8 7AF3
£195K09/230.29 mi3, Minerva Close, Knypersley, Stoke-on-trent, Staffordshire ST8 6SZ3
£197K08/230.29 mi23, Bateman Avenue, Brown Lees, Stoke-on-trent, Staffordshire ST8 6TD3
£185K01/230.3 mi1, Coronation Avenue, Knypersley, Stoke-on-trent, Staffordshire ST8 7AJ3
£187.5K10/230.3 mi92, Brown Lees Road, Brown Lees, Stoke-on-trent, Staffordshire ST8 6PH3
£220K10/200.33 mi151, Tunstall Road, Knypersley, Stoke-on-trent, Staffordshire ST8 7AE3
£230K01/210.33 mi26, Meadowside, Knypersley, Stoke-on-trent, Staffordshire ST8 6NP3
£190K11/230.35 mi193, Tunstall Road, Knypersley, Stoke-on-trent, Staffordshire ST8 7AQ3
£219.5K11/200.37 mi7, Crossfield Avenue, Knypersley, Stoke-on-trent, Staffordshire ST8 7AG3
£376K06/210.4 mi14, Conway Road, Knypersley, Stoke-on-trent, Staffordshire ST8 7AL3
£320K11/230.4 mi24, Conway Road, Knypersley, Stoke-on-trent, Staffordshire ST8 7AL3
£253.5K11/200.4 mi20, Conway Road, Knypersley, Stoke-on-trent, Staffordshire ST8 7AL3
£120K11/230.46 mi24, Park Lane, Knypersley, Stoke-on-trent, Staffordshire ST8 7AU3
£100K09/210.55 mi53, Castleview, Biddulph, Stoke-on-trent, Staffordshire ST8 6LF3
£190K02/230.56 mi17, Park Lane, Knypersley, Stoke-on-trent, Staffordshire ST8 7AT3
£195K10/210.56 mi234, Tunstall Road, Knypersley, Stoke-on-trent, Staffordshire ST8 7PX3
£215K01/240.58 mi95, Tunstall Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6LB3
£215K01/240.58 mi95, Tunstall Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6LB3
£221.5K02/210.58 mi71, Conway Road, Knypersley, Stoke-on-trent, Staffordshire ST8 7AW3
£350K03/230.58 mi87, Conway Road, Knypersley, Stoke-on-trent, Staffordshire ST8 7AW3
£147K12/200.6 mi111, Lynmouth Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6LS3
£121.5K04/210.61 mi45, St Johns Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6LE3
£160K11/220.61 mi71, St Johns Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6LE3
£120K07/210.64 mi2, Knowle Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6LH3
£165K10/230.64 mi33, Knowle Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6LH3
£185K07/230.66 mi4, Bellringer Close, Biddulph, Stoke-on-trent, Staffordshire ST8 7PH3
£138K05/230.66 mi5, Warwick Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6LG3
£155.7K03/230.67 mi18, Slater Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6JF3
£145K07/210.68 mi18, Slater Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6JF3
£112K04/210.71 mi179, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HP3
£145K06/210.71 mi121, John Street, Biddulph, Stoke-on-trent, Staffordshire ST8 6HP3
£55K12/200.73 mi3, Mayfield Court, Biddulph, Stoke-on-trent, Staffordshire ST8 6GZ3
£152K10/230.73 mi1, Church Close, Biddulph, Stoke-on-trent, Staffordshire ST8 6NB3
£242K07/210.73 mi66, Tunstall Road, Biddulph, Stoke-on-trent, Staffordshire ST8 6HH3

Local Rents

14 rents from £725/mo to £1.1K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£80009/240.56 mi-3
£87009/240.85 mi-3
£72510/240.88 mi-3
£89502/240.9 mi-3
£1,07011/240.9 mi-3
£87508/240.91 mi-3
£1,07504/250.95 mi-3
£75009/241.05 mi-3
£75009/241.05 mi-3
£75012/241.1 mi-3
£85003/251.1 mi-3
£1,10009/241.18 miCongleton Road, Biddulph, Staffordshire3
£80003/251.18 mi-3
£77509/241.2 miCambridge Close, Gillow Heath3

Local Area Statistics

Population in ST8

20,197

Population in Stoke-on-Trent

347,755

Town centre distance

4.62 miles away

Nearest school

0.30 miles away

Nearest train station

2.71 miles away

 

 

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £210,000

February 21, 2025

Floor Plans

Description

  • Available With No Upward Chain!! +
  • Two Double Bedrooms Plus Single Bedroom. +
  • Spacious Lounge. +
  • Detached Garage, Driveway Providing Ample Off-Road Parking And Front Garden. +
  • Sun Trap, Low-Maintenance Rear Garden. +
  • Freehold And Council Tax Band C. +

Here at Carters, we are pleased to welcome to the market this lovely detached bungalow which presents an exciting opportunity for those looking to create their dream home, that can be tailored to your personal taste and is available to purchase with no upward chain!!

While the bungalow does require some work and modernisation, this presents a unique opportunity for buyers to put their own stamp on the property. The potential for transformation is vast, allowing for a bespoke renovation that reflects your individual style and preferences. Set on a generous plot, boasting a south-facing garden that invites an abundance of natural light, making it an ideal space for outdoor relaxation, green fingers and entertaining, along with a driveway providing off-road parking for multiple vehicles- ensuring convenience for families or those who enjoy hosting guests.
Entering through the porch, you have a kitchen to your left and a dining room to the right which has been used in the past as a third bedroom but could also be combined and renovated into a large kitchen/diner. Moving on, there is a spacious living room with a bow window to the front elevation overlooking the front garden making a great space for the whole family to gather round and enjoy. Towards the rear, there are two, good-sized, double bedrooms and a bathroom.

Whether you are a first-time buyer, family seeking a peaceful neighbourhood, or an investor looking for a project, this bungalow on Mansfield Drive is brimming with possibilities. With its prime location and the promise of a rewarding renovation, this property is not to be missed.
Call Carters Estate Agents on to book a viewing.

Porch - 2.82m x 0.89m (9'03 x 2'11) - UPVC double glazed entrance door to the side elevation.
UPVC double glazed windows to the front, side and rear elevations. Radiator.

Entrance Hall - UPVC double glazed entrance door to the side elevation.
Loft access. Radiator. Storage cupboard.

Kitchen - 3.12m x 2.36m (10'03 x 7'09) - UPVC double glazed window to the front elevation.
A selection of wall, drawer and base units with worksurfaces and an inset stainless steel sink, mixer tap and drainer. Space for a freestanding cooker. Plumbing for a washing machine. Partially tiled walls. Space for undercounter fridge.

Living Room - 6.22m x 3.45m (20'05 x 11'04) - UPVC double glazed bay window to the front elevation.
Gas fireplace with a tiled hearth, surround and a wooden mantle. Two radiators. Picture rail. Dado rail. TV point.

Diner/Third Bedroom - 2.34m x 2.16m (7'08 x 7'01) - UPVC double glazed window to the side elevation.
Space for a fridge/freezer. Boiler. Radiator.

Inner Hallway - Radiator.

Bedroom One - 4.04m x 2.57m (13'03 x 8'05) - UPVC double glazed window to the rear elevation.
Radiator.

Bedroom Two - 3.30m x 2.34m (10'10 x 7'08) - UPVC double glazed window to the rear elevation.
Radiator.

Bathroom - UPVC double glazed window to the side elevation.
A three piece suite comprising of a panel bath with a wall-mounted shower, a pedestal hand wash basin and a mid level WC. Tiled walls. Radiator. Vinyl floor.

Detached Garage - 5.72m x 2.82m (18'09 x 9'03) - Up and over front garage door.
Two windows to the side. Power and lighting.

Exterior - Block paved driveway to the front leading up the side of the property towards a detached garage at the rear.
A gated, lawned garden to the front with an array of seasonal shrubbery and plants.
The back garden is tiered and is low-maintenance with paved patio areas and a gravel area.

Additional Information - Freehold and council tax band C.

PROPERTY SIZE: APPROX: 699 square feet / 65 square metres.

Disclaimer - Although we try to ensure accuracy, these details are set out for guidance purposes only and do not form part of a contract or offer. Please note that some photographs have been taken with a wide-angle lens. A final inspection prior to exchange of contracts is recommended. No person in the employment of Carters Estate Agents Ltd has any authority to make any representation or warranty in relation to this property. We obtain some of the property information from land registry as part of our instruction and as we are not legal advisers we can only pass on the information and not comment or advise on any legal aspect of the property. You should take advise from a suitably authorised licensed conveyancer or solicitor in this respect.

Agent Details

Carters Estate Agents Ltd, Biddulph

01782 890258

Next Steps?

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