2 Bed Terraced House, Cash/Bridging Only, Stoke-on-Trent, ST1 5QS, £70,000

8 Flintsham Grove, Hanley, Stoke-On-Trent, Staffordshire, ST1 5QS - 8 views - a month ago

Under Offer
Cash
ROI: 13%
~68 m²
+9 photos

ValuationFair Value

Sold Prices£40K - £165K
Sold Prices/m²£488/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£70,030

 

 

End Value (After Refurb)

£70,637

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Refurb Costs

£27,600

Bridging Loan Interest

£1,838

Total Cash In

£53,388

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£70,637

Mortgage (After Refinance)

£52,978

Mortgage LTV

75%

Cash Released

£478

Cash Left In

£52,909

Equity

£17,659

Rent Range

£450 - £2,760

Rent Estimate

£1,024

Running Costs/mo

£446

Cashflow/mo

£578

Cashflow/yr

£6,941

ROI

13%

Gross Yield

18%

Local Sold Prices

54 sold prices from £40K to £165K, average is £70K. £488/m² to £2.8K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£60K01/210.04 mi169, Lower Bryan Street, Stoke-on-trent ST1 5AT2
£110K07/210.06 mi17, Boundary Street, Stoke-on-trent ST1 5BA2
£61K01/210.19 mi59, Winifred Street, Stoke-on-trent ST1 5DN2
£40K04/210.19 mi409, Waterloo Road, Stoke-on-trent ST1 5DT2
£45K01/240.24 mi91, Portland Street, Stoke-on-trent ST1 5DR2
£75K02/230.28 mi19, Windermere Street, Stoke-on-trent ST1 5EL2
£70K05/210.28 mi10, Windermere Street, Stoke-on-trent ST1 5EL2
£60K02/240.28 mi10, Windermere Street, Stoke-on-trent ST1 5EL2
£50K11/200.29 mi19, Rutland Street, Stoke-on-trent ST1 5JG2
£62.5K03/210.29 mi35, Rutland Street, Stoke-on-trent ST1 5JG2
£55K12/230.29 mi43, Rutland Street, Stoke-on-trent ST1 5JG2
£65K12/200.29 mi27, Lowther Street, Stoke-on-trent ST1 5JE2
£62.6K07/210.3 mi11, Portland Street, Stoke-on-trent ST1 5HZ2
£59K11/200.31 mi58, Lowther Street, Stoke-on-trent ST1 5JF2
£70K03/210.31 mi9, Arbour Street, Stoke-on-trent ST1 2HF2
£47.5K10/210.31 mi29, Denbigh Street, Stoke-on-trent ST1 5JA2
£112K05/230.32 mi178, Town Road, Stoke-on-trent ST1 2LD2
£82K04/210.33 mi40, Festing Street, Stoke-on-trent ST1 2JA2
£60K11/230.33 mi48, Festing Street, Stoke-on-trent ST1 2JA2
£60K11/230.33 mi48, Festing Street, Stoke-on-trent ST1 2JA2
£73K06/230.33 mi48, Derwent Street, Stoke-on-trent ST1 5EN2
£62K01/210.34 mi37, Festing Street, Stoke-on-trent ST1 2HY2
£124K12/230.35 mi15, Dilke Street, Stoke-on-trent ST1 2LJ2
£100K06/210.39 mi4, Shaw Street, Stoke-on-trent ST1 5JN2
£165K11/220.39 mi178, Birches Head Road, Stoke-on-trent ST1 6LN2
£70K10/210.39 mi18, Hillary Street, Stoke-on-trent ST6 2PG2
£93K06/230.4 mi53, Free Trade Street, Stoke-on-trent ST1 2EF2
£60K02/210.4 mi3, Furnival Street, Stoke-on-trent ST6 2PD2
£70K07/230.41 mi61, Merrick Street, Stoke-on-trent ST1 2LN2
£72.5K11/200.43 mi195, Sneyd Street, Stoke-on-trent ST6 2NU2
£51K11/200.44 mi55, Mynors Street, Stoke-on-trent ST1 2DH2
£57K11/200.44 mi65, Mynors Street, Stoke-on-trent ST1 2DH2
£79K12/230.45 mi20, Lower Mayer Street, Stoke-on-trent ST1 2EA2
£70K12/200.45 mi109, Lower Mayer Street, Stoke-on-trent ST1 2ED2
£72.5K10/210.46 mi81, Jervis Street, Stoke-on-trent ST1 2DY2
£140K07/230.47 mi18, Festival Close, Stoke-on-trent ST6 3LG2
£68.5K04/210.47 mi38, Eaton Street, Stoke-on-trent ST1 2DG2
£122.5K10/210.47 mi10, Eaton Street, Stoke-on-trent ST1 2DG2
£64K06/230.47 mi2, Garth Street, Stoke-on-trent ST1 2DA2
£64K06/230.47 mi2, Garth Street, Stoke-on-trent ST1 2DA2
£82K03/230.48 mi30, Jervis Street, Stoke-on-trent ST1 2DX2
£69K04/230.48 mi48, Jervis Street, Stoke-on-trent ST1 2DX2
£85K12/210.48 mi270, Sneyd Street, Stoke-on-trent ST6 2NP2
£105K08/210.48 mi33, Dyke Street, Stoke-on-trent ST1 2DF2
£105K06/230.48 mi6, Rhodes Street, Stoke-on-trent ST1 2LY2
£105K06/230.48 mi6, Rhodes Street, Stoke-on-trent ST1 2LY2
£95K03/230.49 mi164, Chell Street, Stoke-on-trent ST1 6BD2
£94.3K11/230.51 mi9, Mynors Street, Stoke-on-trent ST1 2DJ2
£94.3K11/230.51 mi9, Mynors Street, Stoke-on-trent ST1 2DJ2
£66K03/240.51 mi15, Mynors Street, Stoke-on-trent ST1 2DJ2
£117K05/240.51 mi19, Mount Street, Stoke-on-trent ST1 2NR2
£67.5K01/210.51 mi37, Barthomley Road, Stoke-on-trent ST1 6NS2
£100K10/210.51 mi45, Barthomley Road, Stoke-on-trent ST1 6NS2
£109K05/230.51 mi15, Barthomley Road, Stoke-on-trent ST1 6NS2

Local Rents

50 rents from £450/mo to £2.8K/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£69501/250.21 mi-2
£56001/250.23 mi-2
£58003/250.26 mi-2
£65009/240.27 mi-2
£58511/240.28 mi-2
£54012/240.28 mi-2
£54012/240.28 mi-2
£1,20003/250.3 mi-2
£60009/240.3 miRutland Street, Stoke-On-Trent2
£69509/240.31 miDenbigh Street, ST12
£1,00004/250.31 mi-2
£80009/240.31 miHenry Dunn Avenue, Hanley, Stoke-on-Trent, ST12
£65002/250.31 mi-2
£2,30001/240.32 mi-2
£60002/250.32 mi-2
£85004/250.35 mi-2
£70012/240.35 mi-2
£65009/240.36 miCentury Street, Hanley, Stoke-on-Trent, ST12
£67509/240.36 mi-2
£65009/240.38 mi-2
£72503/250.39 mi-2
£75003/250.41 mi-2
£72509/240.44 miGlover Street, Stoke-on-Trent, Staffordshire, ST12
£60009/240.45 miLower Mayer street, ST12
£61509/240.47 miBaskerville Road, Stoke-On-Trent2
£79502/240.47 mi-2
£67511/240.47 mi-2
£65004/250.47 mi-2
£72503/250.49 mi-2
£67509/240.5 miBoulton Street, Stoke-On-Trent2
£75004/250.51 mi-2
£75002/240.54 mi-2
£67509/240.55 miMoston Street2
£77501/250.57 mi-2
£45004/250.57 mi-2
£45004/250.57 mi-2
£67502/250.57 mi-2
£79509/240.58 miGrove Street; Hanley; ST62
£46510/240.59 mi-2
£75003/250.59 mi-2
£75009/240.59 mi80 Mount Street, ST1 2NP2
£67509/240.59 miBold Street, Northwood2
£65009/240.6 miEastbourne Road, Stoke-on-Trent, Staffordshire, ST12
£2,50010/240.6 mi-2
£2,50010/240.6 mi-2
£2,76002/240.61 mi-2
£2,76009/240.61 mi-2
£2,76009/240.61 mi-2
£2,76001/250.61 mi-2
£2,76002/250.61 mi-2

Local Area Statistics

Population in ST1

29,532

Population in Stoke-on-Trent

347,755

Town centre distance

1 miles away

Nearest school

0.20 miles away

Nearest train station

1.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+18%

Property History

Listed for £70,000

March 6, 2025

Floor Plans

Description

  • Cash Buyers Only +
  • Potentially of Interest to a Rental Investor +
  • Two Bedroom End Town House +
  • In Need of General Refurbishment +
  • Close Proximity to City Centre +

A spacious two bedroom end town house in need of general refurbishment, conveniently located within the City Centre.

THIS PROPERTY IS OFFERED FOR SALE TO CASH BUYERS ONLY DUE TO ITS PROXIMITY TO A NEARBY DISUSED MINE SHAFT. A copy of a recent mining report is available upon request.

The accommodation provides entrance vestibule with two store cupboards, entrance hallway with staircase, lounge with front facing window and fire surround (gas fire not working). Good size dining kitchen fitted with a range of base and wall units having window and sliding patio door access to the rear. Agents Note: The free-standing cooker will remain as part of the sale.

The first floor has a landing area with large airing cupboard housing a replacement central heating boiler. There are two good size bedrooms, the main front facing bedroom has a range of fitted wardrobes/drawer units including a triple set deep wardrobe. There is also a bathroom with three piece suite.

Externally there is a front garden area and central pathway to door. Enclosed rear garden mainly paved for low maintenance, with garden shed.

The property is vacant and offered for sale with no further upward chain.

Agents Note: Residents' permits are charged at the cost of £38.50 for 12 months, the permit can only be used with the vehicle that it is registered to.

Agent Details

Follwells Ltd, Newcastle-Under-Lyme

01782 493700

Next Steps?

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