2 Bed Terraced House, Single Let, Stoke-on-Trent, ST3 4LG, £65,000

42 and 42a Cromartie Street, Dresden, Stoke-On-Trent, Staffordshire ST3 4LG - 2 views - a month ago

Sold STC
Auction
BTL
ROI: 16%
~68 m²

ValuationUndervalued

Sold Prices£60K - £185K
Sold Prices/m²£694/m² - £3.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£954/m²

Value Estimate

£80,600
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£3,150

Total Cash In

£19,400

 

 

Cash Out

 

Rent Range

£550 - £950

Rent Estimate

£600

Running Costs/mo

£343

Cashflow/mo

£257

Cashflow/yr

£3,083

ROI

16%

Gross Yield

11%

Local Sold Prices

50 sold prices from £60K to £185K, average is £110K. £694/m² to £3.2K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£110K12/210.01 mi50, Cromartie Street, Stoke-on-trent ST3 4LG2
£80K03/210.04 mi44, Alberta Street, Stoke-on-trent ST3 4LB2
£106.7K04/240.06 mi6, Alberta Street, Stoke-on-trent ST3 4LF2
£105K04/210.11 mi20, Blantyre Walk, Stoke-on-trent ST3 4SL2
£90K11/230.13 mi14, Dunrobin Street, Stoke-on-trent ST3 4NA2
£123K08/240.16 mi51, Erskine Street, Stoke-on-trent ST3 4NJ2
£122.5K02/210.17 mi232, Lightwood Road, Stoke-on-trent ST3 4JZ2
£145K01/210.18 mi8, Basildon Grove, Stoke-on-trent ST3 4SG2
£165K03/210.18 mi6, Basildon Grove, Stoke-on-trent ST3 4SG2
£79K12/220.2 mi8, Wise Street, Stoke-on-trent ST3 4PQ2
£116K03/230.2 mi192, Chaplin Road, Stoke-on-trent ST3 4NG2
£120K04/210.2 mi183, Chaplin Road, Stoke-on-trent ST3 4NG2
£85K05/210.23 mi24, Peel Street, Stoke-on-trent ST3 4PF2
£60K04/210.23 mi140, Normacot Road, Stoke-on-trent ST3 1PR2
£90K04/210.31 mi40, Cobden Street, Stoke-on-trent ST3 4EZ2
£91K03/210.31 mi57, Cobden Street, Stoke-on-trent ST3 4EZ2
£93K02/210.31 mi43, Cobden Street, Stoke-on-trent ST3 4EZ2
£115K03/230.31 mi6, Lennox Road, Stoke-on-trent ST3 4JY2
£150K10/230.33 mi249, Chaplin Road, Stoke-on-trent ST3 4NP2
£115K12/230.35 mi82, Hamilton Road, Stoke-on-trent ST3 4RR2
£113K06/230.35 mi12, Ricardo Street, Stoke-on-trent ST3 4EU2
£130K07/210.35 mi12, Sutherland Avenue, Stoke-on-trent ST3 4EQ2
£99K10/210.37 mi25, Mafeking Street, Stoke-on-trent ST3 2QZ2
£100K05/230.37 mi75, Hamilton Road, Stoke-on-trent ST3 4RP2
£90K03/230.37 mi91, Hamilton Road, Stoke-on-trent ST3 4RP2
£162K04/210.37 mi3, Albert Place, Stoke-on-trent ST3 4AR2
£130K05/240.37 mi2, Albert Place, Stoke-on-trent ST3 4AR2
£68K12/200.37 mi68, Lennox Road, Stoke-on-trent ST3 4JU2
£68K12/200.37 mi68, Lennox Road, Stoke-on-trent ST3 4JU2
£75K10/230.37 mi73, Lennox Road, Stoke-on-trent ST3 4JU2
£65K03/230.38 mi13, Buccleuch Road, Stoke-on-trent ST3 4RJ2
£120K02/230.39 mi1a, Rowland Street, Stoke-on-trent ST3 4ER2
£135K12/230.39 mi9, Bell Avenue, Stoke-on-trent ST3 1QU2
£68.5K08/210.39 mi18, Dundee Street, Stoke-on-trent ST3 2RD2
£95K07/230.39 mi44, Dundee Street, Stoke-on-trent ST3 2RD2
£76.6K04/210.39 mi48, Dundee Street, Stoke-on-trent ST3 2RD2
£153K03/230.4 mi15, Rugby Drive, Stoke-on-trent ST3 4PA2
£140K08/230.4 mi3, Rowland Street, Stoke-on-trent ST3 4ER2
£110K02/230.4 mi25, Goms Mill Road, Longton, Stoke-on-trent ST3 2QX2
£61K03/210.4 mi43, Buccleuch Road, Stoke-on-trent ST3 4RJ2
£81K01/210.4 mi19, Goms Mill Road, Longton, Stoke-on-trent ST3 2QX2
£86K02/230.41 mi42, Dundee Street, Stoke-on-trent ST3 2RD2
£176.5K06/230.41 mi37, Parkfield Road, Stoke-on-trent ST3 4NT2
£130K11/200.42 mi270, Chaplin Road, Stoke-on-trent ST3 4NY2
£173.5K06/230.43 mi23, Ayreshire Grove, Stoke-on-trent ST3 4TL2
£185K05/240.44 mi10, Barnes Way, Stoke-on-trent ST3 4PB2
£72.5K06/230.44 mi20, Furnace Road, Stoke-on-trent ST3 4QU2
£147.5K09/210.45 mi47, Southlands Avenue, Stoke-on-trent ST3 4AX2
£170K07/230.45 mi59, Southlands Avenue, Stoke-on-trent ST3 4AX2
£141K03/210.45 mi21, Southlands Avenue, Stoke-on-trent ST3 4AX2

Local Rents

16 rents from £550/mo to £950/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£70002/250.03 mi-2
£78003/250.16 mi-2
£85010/240.18 mi-2
£75010/240.3 mi-2
£55003/250.34 mi-2
£59503/250.35 mi-2
£67509/240.35 miRicardo Street, Dresden, Stoke-on-Trent ST32
£67510/240.36 mi-2
£71509/240.37 mi-2
£80010/240.41 mi-2
£70012/240.43 mi-2
£69502/240.43 mi-2
£95008/240.44 mi-2
£95008/240.44 mi-2
£62511/240.48 mi-2
£69501/250.48 mi-2

Local Area Statistics

Population in ST3

67,688

Population in Stoke-on-Trent

347,755

Town centre distance

4.21 miles away

Nearest school

0.10 miles away

Nearest train station

0.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Balanced market

Capital growth (5yrs)

+31%

Property History

Listed for £65,000

February 28, 2025

Description

  • Investor Opportunity +
  • Tenanted Ground Floor and First Floor One Bed Flats +
  • Current Rents £300pcm +
  • Walking Distance of Town Centre +

You Need to Register to bid: auctionhammermidlands.co.uk
Viewings TBC

Live stream auction on 20th MARCH 2025 6:30PM START. Bidding will be available by either online bidding, telephone or proxy If you wish to bid, please register on line via the Auction Hammer website auctionhammermidlands.co.uk using the Register to Bid tab.

Excellent investor opportunity an End Terraced House currently split into two one bedroom flats both tenanted at £300 pcm Residential Investment Live stream auction on 20th MARCH 2025 6:30PM START. Bidding will be available by either online bidding, telephone or proxy If you wish to bid, please register on line via the Auction Hammer website auctionhammermidlands.co.uk using the Register to Bid tab.

Excellent investor opportunity a converted End Terraced house currently split into two one bedroom flats both tenanted at £300 pcm each. These rents have not increased for well over 5 years so a modest increase could be made. Situated within walking distance of the local town centre at Longton and accessible to commuter routes across the city. The property is highly insulated and low cost to run. Both properties also have the benefit of solar panels on the roof which also benefits from the feed in tariff scheme. Very Tidy Property Ground Floor Flat (Number 42) Lounge (4.98m x 3.86m), Kitchen (4.19m x 2.21m) Bathroom (1.45m x 2.24m) Bedroom (4.17m x 2.57m)
First Floor Flat (Number (42a) Lounge (3.71m x 5.00m), Kitchen (2.24m x 2.18m), Bathroom (1.91m x 2.21m),
Bedroom (3.35m x 2.21m)
Outside Rear yard are
Services Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Note PROSPECTIVE BUYERS PLEASE NOTE We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Tenure: Freehold EPC Rating: 42 - C 42a - C Terms:
Guide Prices & Reserves
Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees
Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer’s premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.

Plans, Maps and Photographs
The plans, floorplans, maps, photograph’s and video tours published on our website and in the catalogue are to aid identification of the property only. The plans are not to scale and should not be relied upon.

Consumer Protection Regulations 2008
Auction Hammer Midlands Property Auctions endeavour to make our sales details clear, accurate and reliable in line with the Consumer Protection from Unfair Trading Regulations 2008 but they should not be relied on as statements or representations of fact, and they do not constitute any part of an offer or contract. All references to planning, tenants, boundaries, potential development, tenure etc is to be superseded by the information contained in the legal pack. It should not be assumed that this property has all the necessary Planning, Building Regulation, or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide-angle lens. The seller does not make any representation or give any warranty in relation to the property, and we have no authority to do so on behalf of the seller.

Anti Money Laundering Regulations
Intending buyers will be asked to produce identification documentation either as part of the bidder registration process of if they make an acceptable pre-auction offer, we would ask for your co-operation in order that there will be no delay in agreeing the sale. Administration Fee: £1440 inc VAT payable on exchange of contracts. Buyer's Premium Fee: £1140 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Agent Details

AUCTION HAMMER MIDLANDS, covering Midlands

01782 493921

Next Steps?

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