2 Bed Semi-Detached House, Cash/Bridging Only, Stoke-on-Trent, ST2 8JE, £130,000

Greasley Road, Abbey Hulton, Stoke-On-Trent, ST2 8JE - 3 views - 2 months ago

Sold STC
Cash
ROI: 7%
~68 m²
+14 photos

ValuationFair Value

Sold Prices£60K - £196K
Sold Prices/m²£1.1K/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£132,094

 

 

End Value (After Refurb)

£120,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£27,943

Bridging Loan Interest

£3,413

Total Cash In

£70,705

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£120,000

Mortgage (After Refinance)

£90,000

Mortgage LTV

75%

Cash Left In

£70,705

Equity

£30,000

Rent Range

£450 - £2,760

Rent Estimate

£976

Running Costs/mo

£590

Cashflow/mo

£386

Cashflow/yr

£4,630

ROI

7%

Gross Yield

9%

Local Sold Prices

50 sold prices from £60K to £196K, average is £125K. £1.1K/m² to £3.5K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£96K07/210.09 mi29, Tranter Road, Stoke-on-trent ST2 8JQ2
£130K09/230.1 mi1, North Place, Stoke-on-trent ST2 8HS2
£125K02/230.11 mi18, Holehouse Road, Stoke-on-trent ST2 8JR2
£105K02/210.11 mi18, Holehouse Road, Stoke-on-trent ST2 8JR2
£110K04/230.13 mi6, Shelley Road, Stoke-on-trent ST2 8JN2
£60K07/210.13 mi3, Kyffin Road, Stoke-on-trent ST2 8JJ2
£110K09/230.16 mi58, Newstead Road, Stoke-on-trent ST2 8HX2
£130K11/210.17 mi32, Abbots Road, Stoke-on-trent ST2 8DX2
£115K05/210.21 mi9, Abbotts Place, Stoke-on-trent ST2 8ED2
£95K02/210.25 mi33, Elmsmere Road, Stoke-on-trent ST2 8EF2
£128K09/230.28 mi47, Birchfield Road, Stoke-on-trent ST2 8HA2
£117K03/240.28 mi23, Birchfield Road, Stoke-on-trent ST2 8HA2
£150K02/210.31 mi21, Fishpond Way, Stoke-on-trent ST2 8DE2
£155K07/230.31 mi4, Fishpond Way, Stoke-on-trent ST2 8DE2
£175K12/230.31 mi21, Fishpond Way, Stoke-on-trent ST2 8DE2
£100K11/200.32 mi52, Friars Road, Stoke-on-trent ST2 8DS2
£105K08/210.34 mi11, Friars Place, Stoke-on-trent ST2 8DT2
£126K12/200.35 mi16, Holst Drive, Stoke-on-trent ST1 6TQ2
£137K08/230.35 mi7, Holst Drive, Stoke-on-trent ST1 6TQ2
£191K10/210.35 mi6, Earlswood Road, Stoke-on-trent ST1 6UF2
£99.5K11/210.36 mi65, Abbey Lane, Stoke-on-trent ST2 8AU2
£120K07/230.38 mi7, Bryant Road, Stoke-on-trent ST2 8BG2
£95K10/200.39 mi42, Tanners Road, Stoke-on-trent ST2 8DP2
£196K12/230.41 mi10, Elgar Crescent, Stoke-on-trent ST1 6TG2
£101K03/240.44 mi17, Uplands Road, Stoke-on-trent ST2 8DN2
£125K02/230.56 mi2, Fonthill Walk, Stoke-on-trent ST2 8PD2
£180K06/220.57 mi13, Somerley Road, Stoke-on-trent ST1 6TB2
£170K06/210.58 mi9, Baytree Close, Stoke-on-trent ST1 6TP2
£133.5K02/210.6 mi19, Link End Close, Stoke-on-trent ST1 6TA2
£105K12/200.6 mi29, Link End Close, Stoke-on-trent ST1 6TA2
£171K11/230.6 mi184, Newhouse Road, Stoke-on-trent ST2 8BN2
£145K02/230.61 mi53, Central Avenue, Stoke-on-trent ST2 9AR2
£151.2K09/230.63 mi1757, Leek Road, Stoke-on-trent ST2 7AA2
£180K12/200.63 mi44, Heath House Lane, Stoke-on-trent ST2 8AH2
£123K04/210.63 mi26, Chapel Street, Stoke-on-trent ST2 9AT2
£95K06/230.63 mi9, Chapel Street, Stoke-on-trent ST2 9AT2
£61K01/240.63 mi13, Chapel Street, Stoke-on-trent ST2 9AT2
£174K03/240.66 mi77, Cheltenham Grove, Stoke-on-trent ST1 6SD2
£145K07/210.66 mi77, Cheltenham Grove, Stoke-on-trent ST1 6SD2
£140K11/200.68 mi43, Monsal Grove, Stoke-on-trent ST1 6SG2
£168K12/230.68 mi37, Monsal Grove, Stoke-on-trent ST1 6SG2
£110K11/220.68 mi31, Dean Street, Stoke-on-trent ST2 8LA2
£90K04/210.68 mi31, Dean Street, Stoke-on-trent ST2 8LA2
£92K09/230.68 mi17, Dean Street, Stoke-on-trent ST2 8LA2
£85.5K12/220.68 mi4, Guy Street, Stoke-on-trent ST2 9BB2
£87K08/210.7 mi305, Werrington Road, Stoke-on-trent ST2 9AS2
£77.5K11/210.7 mi6, Guy Street, Stoke-on-trent ST2 9BB2
£190.5K09/220.7 mi36, Athena Road, Stoke-on-trent ST1 6RT2
£127K05/210.71 mi9, Pensford Grove, Stoke-on-trent ST1 6SF2
£146K12/200.71 mi20, Orpheus Grove, Stoke-on-trent ST1 6RL2

Local Rents

50 rents from £450/mo to £2.8K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£85004/250.21 mi-2
£79509/240.44 miUplands Road, Stoke-on-Trent2
£82509/240.56 miCambrian Way, Bucknall, Stoke-on-Trent, ST22
£72509/240.57 miDiana Road, Stoke-on-Trent2
£68509/240.63 miChapel Street, Bucknall2
£95009/240.66 miFellbrook Lane, Bucknall, Stoke-on-Trent, ST22
£75003/250.67 mi-2
£69509/240.67 miWerrington Road, Bucknall, Stoke-on-Trent ST22
£69509/240.68 mi-2
£84511/240.69 mi-2
£85002/250.71 mi-2
£77503/250.85 mi-2
£85010/240.88 mi-2
£74011/240.92 mi-2
£79512/240.92 mi-2
£67510/240.94 mi-2
£69509/240.94 miBradford Terrace, Birches Head, Stoke-on-Trent, ST12
£89502/250.94 mi-2
£89502/250.94 mi-2
£92510/240.94 mi-2
£85012/240.95 mi-2
£65009/240.98 miBirch Street, Northwood, Stoke-on-Trent, ST12
£75009/240.98 mi-2
£70012/231 mi-2
£75009/241.02 mi80 Mount Street, ST1 2NP2
£67509/241.02 miBold Street, Northwood2
£70002/241.03 mi-2
£77501/251.04 mi-2
£46510/241.04 mi-2
£85012/241.04 mi-2
£2,76002/241.05 mi-2
£2,76009/241.05 mi-2
£2,76009/241.05 mi-2
£2,76001/251.05 mi-2
£2,76002/251.05 mi-2
£45004/251.06 mi-2
£45004/251.06 mi-2
£75002/241.06 mi-2
£69502/251.06 mi-2
£67509/241.07 miMoston Street2
£75004/251.09 mi-2
£67509/241.1 miBoulton Street, Stoke-On-Trent2
£89509/241.1 miBrookhouse Lane, Stoke-on-Trent, Staffordshire, ST22
£67502/251.1 mi-2
£72503/251.15 mi-2
£67511/241.17 mi-2
£72509/241.17 miGlover Street, Stoke-on-Trent, Staffordshire, ST12
£79502/241.18 mi-2
£70009/241.18 miBuxton Street, Sneyd Green, Stoke-On-Trent2
£65009/241.19 miEastbourne Road, Stoke-on-Trent, Staffordshire, ST12

Local Area Statistics

Population in ST2

34,047

Population in Stoke-on-Trent

347,755

Town centre distance

0.88 miles away

Nearest school

0.20 miles away

Nearest train station

2.52 miles away

 

 

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+41%

Property History

Listed for £130,000

February 24, 2025

Floor Plans

Description

* EXCELLENT OPPORTUNITY FOR A FTB OR INVESTOR

* WELL MAINTAINED THROUGHOUT

* TWO DOUBLE BEDROOMS

* EXCELLENT COMMUTER ROUTES

* GARAGE * DRIVE * GARDENS

Accommodation -

Description - We are delighted to offer to the market this modernised and well presented Semi Detached House, ideally suited to both first time buyers or the buy-to-let landlord. Situated in a popular residential location close to Hanley town centre and the Festival Retail Park, with excellent commuting routes via the A500 and A50. The property briefly comprises: Entrance hall, lounge, kitchen/dining area, and to the first floor two bedrooms and a bathroom, externally there is a drive providing off road parking to the front of the property leading to a detached garage, good size gardens to front and rear. Additional benefits include uPVC double glazing and gas central heating.

Ground Floor -

Entrance Hall - Ceiling light point, radiator, stairs to first floor, uPVC double glazed exterior door

Lounge - 5.2m x 4.2m (17'0" x 13'9") - Ceiling light point, three radiators, wood effect laminate flooring, uPVC double glazed bay window with front aspect

Kitchen & Dining Area - 4.3m x 2.8m (14'1" x 9'2") - Fitted with a range of wall and base units with co-ordinating worktops, built in electric oven, gas hob and extractor, sink and drainer with mixer tap, spaces for appliances. Ceiling light point, radiator, part wall tiled, uPVC double glazed window and exterior door

First Floor -

Bedroom One - 5.3m x 3.2m (17'4" x 10'5") - Ceiling light point, radiator, uPVC double glazed window with front aspect

Bedroom Two - 4m x 2.89m (13'1" x 9'5") - Ceiling light point, radiator, uPVC double glazed window with rear aspect

Bathroom - 2.9m x 2.2m (9'6" x 7'2") - Fitted with a three piece white bathroom suite comprises: panelled bath with over bath shower and shower screen, pedestal wash hand basin, low level w.c. Ceiling light point, radiator, part wall tiled, uPVC double glazed window

Outside - the front the property benefits from off-road parking in form of a driveway leading to the side providing off road parking and access to the detached rear garage.
The rear garden area features a paved patio, grassed area enclosed by fencing and shrubbery.

General Information - Viewings - Strictly by appointment with the selling agents Keys Estate Agents - call

Valuation - Do you have a property to sell? if so Keys Estate Agents can offer a free valuation, call

Services
We believe all are available.

Tenure

Assumed to be freehold.

Offer Procedure
All offers should be made directly to Keys Estate Agents and should be made before contacting the bank, building society or solicitor as any delay may result in a sale being agreed to another party and survey/legal fees being unnecessarily incurred.

In compliance with the Estate Agents Order 1991 we are obliged to check into a purchaser’s financial situation to qualify an offer and financial arrangements. If you are making a cash offer which is not subject to the sale of a property written confirmation of the availability of funds will be required to qualify your offer.

The agent has not tested any of the equipment, fixtures, fittings or services and so can not verify that they are in working order or fit for their purpose. Legal documents have not been checked by the agents to verify tenure of the property.

Subject to contract. Vacant possession on completion.

Mortgages - If you are seeking a mortgage for a property or require Independent Financial Advice we can provide a free quotation

Agent Details

Keys Estate Agents, Stoke-On-Trent

01782 890178

Next Steps?

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