2 Bed Terraced House, Cash/Bridging Only, Stoke-on-Trent, ST1 2NE, £110,000

Turner Street, Birches Head, Stoke-On-Trent, ST1 2NE - 3 views - 2 months ago

Sold STC
Cash
ROI: 9%
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£57K - £185K
Sold Prices/m²£696/m² - £3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£83,741

 

 

End Value (After Refurb)

£94,988

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£27,600

Bridging Loan Interest

£2,888

Total Cash In

£64,238

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£94,988

Mortgage (After Refinance)

£71,241

Mortgage LTV

75%

Cash Left In

£64,238

Equity

£23,747

Rent Range

£450 - £2,760

Rent Estimate

£1,006

Running Costs/mo

£518

Cashflow/mo

£488

Cashflow/yr

£5,856

ROI

9%

Gross Yield

11%

Local Sold Prices

51 sold prices from £57K to £185K, average is £99K. £696/m² to £3K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£79K03/210.05 mi64, Oak Street, Stoke-on-trent ST1 2NB2
£96K06/210.05 mi52, Oak Street, Stoke-on-trent ST1 2NB2
£100K07/230.05 mi62, Oak Street, Stoke-on-trent ST1 2NB2
£76.5K12/230.05 mi100, Oak Street, Stoke-on-trent ST1 2NB2
£85K05/240.05 mi88, Oak Street, Stoke-on-trent ST1 2NB2
£80K01/210.05 mi14, Hammersley Street, Stoke-on-trent ST1 6LW2
£116K05/230.07 mi150, Turner Street, Stoke-on-trent ST1 6LT2
£99K07/210.07 mi41, Oak Street, Stoke-on-trent ST1 2NW2
£95K02/230.07 mi136, Turner Street, Stoke-on-trent ST1 6LT2
£76K10/200.07 mi37, Campbell Terrace, Stoke-on-trent ST1 6LR2
£92.5K10/210.07 mi19, Campbell Terrace, Stoke-on-trent ST1 6LR2
£100K03/230.07 mi13, Campbell Terrace, Stoke-on-trent ST1 6LR2
£100K09/230.07 mi83, Campbell Terrace, Stoke-on-trent ST1 6LR2
£100K01/230.08 mi81, Campbell Terrace, Stoke-on-trent ST1 6LR2
£95K11/210.08 mi95, Campbell Terrace, Stoke-on-trent ST1 6LR2
£65K02/210.08 mi30, Turner Street, Stoke-on-trent ST1 2NF2
£89K06/230.08 mi86, Turner Street, Stoke-on-trent ST1 2NF2
£80K05/210.09 mi7, Boulton Street, Stoke-on-trent ST1 2NQ2
£72.5K04/230.09 mi31, Turner Street, Stoke-on-trent ST1 2ND2
£85.5K02/240.09 mi63, Turner Street, Stoke-on-trent ST1 2ND2
£95K12/210.09 mi46, Campbell Terrace, Stoke-on-trent ST1 6LS2
£124K09/230.09 mi2, Campbell Terrace, Stoke-on-trent ST1 6LS2
£93K12/220.1 mi73, Mount Street, Stoke-on-trent ST1 2NP2
£57K02/210.11 mi83, Bold Street, Stoke-on-trent ST1 6PF2
£91K09/230.11 mi74, Bold Street, Stoke-on-trent ST1 6PF2
£105K01/210.11 mi48, Bradford Terrace, Stoke-on-trent ST1 6LY2
£114K09/210.11 mi56, Bradford Terrace, Stoke-on-trent ST1 6LY2
£102K10/230.11 mi46, Bradford Terrace, Stoke-on-trent ST1 6LY2
£110K06/230.11 mi35, Bradford Terrace, Stoke-on-trent ST1 6LZ2
£120K07/230.11 mi71, Bradford Terrace, Stoke-on-trent ST1 6LZ2
£117K05/240.11 mi33, Bradford Terrace, Stoke-on-trent ST1 6LZ2
£90K12/200.11 mi114, Moston Street, Stoke-on-trent ST1 2LT2
£112K11/210.11 mi80, Moston Street, Stoke-on-trent ST1 2LT2
£127K08/230.12 mi107, Moston Street, Stoke-on-trent ST1 2LX2
£64K02/230.13 mi17, Harrop Street, Stoke-on-trent ST1 2NA2
£105K02/230.14 mi63, Bradford Terrace, Stoke-on-trent ST1 6LZ2
£65K01/210.14 mi69, Rose Street, Stoke-on-trent ST1 6PG2
£92K11/210.14 mi74, Rose Street, Stoke-on-trent ST1 6PG2
£158K12/230.14 mi113, Rose Street, Stoke-on-trent ST1 6PG2
£117K02/210.14 mi162, Birches Head Road, Stoke-on-trent ST1 6LN2
£180K04/210.14 mi55, Fairhaven Grove, Stoke-on-trent ST1 6LX2
£185K04/230.14 mi18, Fairhaven Grove, Stoke-on-trent ST1 6LX2
£77K06/210.15 mi98, Birches Head Road, Stoke-on-trent ST1 6LJ2
£105K12/230.17 mi137, Birches Head Road, Stoke-on-trent ST1 6ND2
£105K06/230.17 mi6, Rhodes Street, Stoke-on-trent ST1 2LY2
£105K06/230.17 mi6, Rhodes Street, Stoke-on-trent ST1 2LY2
£72K11/200.17 mi137, Birches Head Road, Stoke-on-trent ST1 6ND2
£105K09/230.18 mi66, Acton Street, Stoke-on-trent ST1 6NU2
£117K05/240.18 mi19, Mount Street, Stoke-on-trent ST1 2NR2
£88K12/200.19 mi8, Bold Street, Stoke-on-trent ST1 6PD2
£115K04/230.19 mi52, Cardwell Street, Stoke-on-trent ST1 6PN2

Local Rents

39 rents from £450/mo to £2.8K/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£75009/240.03 mi-2
£77501/250.08 mi-2
£75009/240.09 mi80 Mount Street, ST1 2NP2
£67509/240.11 miBold Street, Northwood2
£69509/240.11 miBradford Terrace, Birches Head, Stoke-on-Trent, ST12
£74011/240.11 mi-2
£75002/240.11 mi-2
£67509/240.12 miMoston Street2
£75004/250.13 mi-2
£67509/240.14 miBoulton Street, Stoke-On-Trent2
£46510/240.18 mi-2
£45004/250.19 mi-2
£45004/250.19 mi-2
£2,76002/240.19 mi-2
£2,76009/240.19 mi-2
£2,76009/240.19 mi-2
£2,76001/250.19 mi-2
£2,76002/250.19 mi-2
£72509/240.21 miGlover Street, Stoke-on-Trent, Staffordshire, ST12
£72503/250.21 mi-2
£67502/250.22 mi-2
£79502/240.23 mi-2
£65009/240.25 miBirch Street, Northwood, Stoke-on-Trent, ST12
£67511/240.27 mi-2
£89502/250.28 mi-2
£89502/250.28 mi-2
£60009/240.29 miLower Mayer street, ST12
£85002/250.33 mi-2
£85012/240.33 mi-2
£92510/240.36 mi-2
£61509/240.36 miBaskerville Road, Stoke-On-Trent2
£67509/240.38 mi-2
£69502/250.41 mi-2
£72509/240.43 miDiana Road, Stoke-on-Trent2
£65009/240.44 miEastbourne Road, Stoke-on-Trent, Staffordshire, ST12
£70009/240.49 miBuxton Street, Sneyd Green, Stoke-On-Trent2
£75004/250.52 mi-2
£65009/240.53 mi-2
£75012/240.62 mi-2

Local Area Statistics

Population in ST1

29,532

Population in Stoke-on-Trent

347,755

Town centre distance

0.52 miles away

Nearest school

0.10 miles away

Nearest train station

1.89 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £110,000

February 26, 2025

Floor Plans

Description

* IDEAL FOR FTB OR INVESTOR

* WELL MAINTAINED TWO BEDROOM TERRACED HOUSE

* POPULAR RESIDENTIAL LOCATION

* EXCELLENT COMMUTER LINKS

* REAR GARDEN

Accommodation -

Description - Keys are delighted to offer to the market this two bedroom Mid Terraced House which has been well maintained by the current owner and would be an ideal purchase for a First Time Buyer or an investor looking to expand their portfolio. Located in the popular area of Birches Head close to local amenities, schooling and commuter links to the main town centre. The accommodation briefly comprises: Front Reception, Rear Reception, Kitchen and to the first floor two bedrooms and a bathroom, outside is a garden area. Additional benefits include uPVC double glazing and gas central heating.

Ground Floor -

Reception (Front) - 3.5m x 3.5m (11'5" x 11'5") - Ceiling light point, radiator, wood effect laminate flooring, uPVC double glazed window, uPVC exterior door

Reception (Rear) - 3.8m x 3.5m (12'5" x 11'5") - Ceiling light point, radiator, uPVC double glazed window

Kitchen - 3.7m x 2.1m (12'1" x 6'10") - Fitted with a range of wall and base units with co-ordinating worktops, built in electric oven, four burner gas hob and extractor, sink and drainer with mixer tap, plumbing for washer machine, spaces for appliances. Ceiling light point, radiator, wood effect laminate flooring, part wall tiled, uPVC double glazed window, uPVC exterior door

First Floor -

Bedroom (Front) - 3.5m x 3.5m (11'5" x 11'5") - Recessed lighting, radiator, uPVC double glazed window

Bedroom (Rear) - 3.4m x 2m (11'1" x 6'6") - Ceiling light point, radiator, wood effect laminate flooring, uPVC double glazed window

Bathroom - 2.5m x 1.5m (8'2" x 4'11") - 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. Recessed lighting, radiator, fully wall tiled.

Outside - Enclosed rear garden with two seating areas, paved path to rear gate. extensive open views from rear garden

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?

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