2 Bed Terraced House, Single Let, Stoke-on-Trent, ST4 3EA, £50,000

41 May Place, Stoke-On-Trent, Staffordshire ST4 3EA - 1 views - a month ago

Auction
BTL
ROI: 20%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£50K - £200K
Sold Prices/m²£544/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£734/m²

Value Estimate

£62,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£3,700

Total Cash In

£16,200

 

 

Cash Out

 

Rent Range

£550 - £850

Rent Estimate

£552

Running Costs/mo

£287

Cashflow/mo

£265

Cashflow/yr

£3,184

ROI

20%

Gross Yield

13%

Local Sold Prices

50 sold prices from £50K to £200K, average is £87K. £544/m² to £3.8K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£65K01/210.03 mi4, May Place, Stoke-on-trent ST4 3EA2
£50K11/210.03 mi18, May Place, Stoke-on-trent ST4 3EA2
£90K03/230.03 mi17, May Place, Stoke-on-trent ST4 3EA2
£80K04/230.03 mi51, May Place, Stoke-on-trent ST4 3EA2
£99K02/230.05 mi2, May Place, Stoke-on-trent ST4 3EA2
£95K11/230.06 mi51, Foley Street, Stoke-on-trent ST4 3DY2
£97.5K01/240.06 mi57, Foley Street, Stoke-on-trent ST4 3DY2
£105K09/210.08 miThe Workshop, Rill Street, Stoke-on-trent ST4 3DN2
£73K07/230.1 mi18, Carron Street, Stoke-on-trent ST4 3DS2
£65K02/230.1 mi49, Carron Street, Stoke-on-trent ST4 3DT2
£82K03/230.11 mi43, Carron Street, Stoke-on-trent ST4 3DT2
£79K09/210.12 mi201, Brocksford Street, Stoke-on-trent ST4 3HE2
£88K09/230.12 mi181, Brocksford Street, Stoke-on-trent ST4 3HE2
£103K10/230.12 mi213, Brocksford Street, Stoke-on-trent ST4 3HE2
£85K10/230.15 mi80, Goldenhill Road, Stoke-on-trent ST4 3DP2
£78K07/210.17 mi384, King Street, Stoke-on-trent ST4 3DB2
£123K10/210.2 mi14, Bosinney Close, Stoke-on-trent ST4 3QP2
£57.5K02/210.2 mi40, Hollings Street, Stoke-on-trent ST4 3HS2
£67K11/200.2 mi36, Marriott Street, Stoke-on-trent ST4 3HR2
£70K10/210.2 mi1, Marriott Street, Stoke-on-trent ST4 3HR2
£77K10/210.2 mi10, Marriott Street, Stoke-on-trent ST4 3HR2
£121.6K04/240.21 mi2, Drayton Road, Stoke-on-trent ST3 1BA2
£65K03/210.21 mi59, Oldfield Street, Stoke-on-trent ST4 3PL2
£96K08/230.22 mi31, Berdmore Street, Stoke-on-trent ST4 3HD2
£96K08/230.22 mi31, Berdmore Street, Stoke-on-trent ST4 3HD2
£68K06/230.23 mi70, Oldfield Street, Stoke-on-trent ST4 3PN2
£98.5K11/200.23 mi30, Longley Road, Stoke-on-trent ST3 1AT2
£146.5K02/240.26 mi7, Monty Place, Stoke-on-trent ST4 3RQ2
£90K12/210.28 mi66, Ashwood, Stoke-on-trent ST3 1DP2
£150K03/240.29 mi4, Fleur Grove, Stoke-on-trent ST4 3RG2
£105K06/240.31 mi28, Smith Street, Stoke-on-trent ST3 1DR2
£120K02/210.32 mi4, Imogen Close, Stoke-on-trent ST4 3QY2
£60K04/230.33 mi183, Oldfield Street, Stoke-on-trent ST4 3PG2
£99.5K12/200.36 mi64, Sandwood Crescent, Stoke-on-trent ST3 1AS2
£107K12/200.36 mi27, Cornwall Street, Stoke-on-trent ST3 1DN2
£94K03/210.36 mi13, Cornwall Street, Stoke-on-trent ST3 1DN2
£75K08/230.36 mi7, Cornwall Street, Stoke-on-trent ST3 1DN2
£120K11/210.37 mi5, Carpenter Road, Stoke-on-trent ST3 2LJ2
£180K03/230.37 mi8, Carpenter Road, Stoke-on-trent ST3 2LJ2
£200K06/230.38 mi48, Astro Grove, Stoke-on-trent ST3 2LL2
£125.5K01/210.39 mi19, Rachel Grove, Stoke-on-trent ST4 3QX2
£129.9K11/210.4 mi64, Galsworthy Road, Stoke-on-trent ST3 5UB2
£70K03/210.41 mi20, Anchor Place, Stoke-on-trent ST3 1DQ2
£75K04/210.42 mi20, Capewell Street, Stoke-on-trent ST3 1JZ2
£73K10/210.42 mi3, Capewell Street, Stoke-on-trent ST3 1JZ2
£86K06/230.42 mi14, Capewell Street, Stoke-on-trent ST3 1JZ2
£80K03/210.43 mi34, Heber Street, Stoke-on-trent ST3 1LA2
£56.5K03/210.43 mi27, Heber Street, Stoke-on-trent ST3 1LA2
£85K04/210.43 mi2, Heber Street, Stoke-on-trent ST3 1LA2
£80K04/210.43 mi25, Heber Street, Stoke-on-trent ST3 1LA2

Local Rents

23 rents from £550/mo to £850/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£59511/230.02 mi-2
£56509/240.02 miGoldenhill Road, Fenton, Stoke-On-Trent, ST4 3DW2
£70001/250.05 mi-2
£70009/240.07 miCarron Street, Fenton, Stoke-On-Trent, ST4 3DS2
£71002/250.12 mi-2
£59509/240.12 miCarron Street, Stoke-On-Trent2
£70008/240.15 mi-2
£67509/240.22 miBerdmore Street, Fenton, Stoke-on-Trent, ST42
£65009/240.25 mi-2
£75009/240.28 miAshwood road2
£75001/250.31 mi-2
£85011/240.49 mi-2
£76504/250.53 mi-2
£76504/250.53 mi-2
£76504/250.53 mi-2
£69502/240.53 mi-2
£70012/240.53 mi-2
£59502/250.54 mi-2
£55004/250.55 mi-2
£72509/240.55 mi-2
£72509/240.55 mi-2
£69509/240.56 miDuke Street, Fenton, Stoke-on-Trent ST42
£67510/240.58 mi-2

Local Area Statistics

Population in ST4

56,870

Population in Stoke-on-Trent

347,755

Town centre distance

3.32 miles away

Nearest school

0.10 miles away

Nearest train station

0.31 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £50,000

March 17, 2025

Description

  • For sale via Online national auction on Monday 14th April 1.00pm until Tuesday 15th April 1.00pm +
  • Open House Event 4th April 12.00pm to 12.30pm +
  • Open House Event 11th April 12.00pm to 12.30pm +
  • BUYER'S FEES APPLY (PLEASE READ LEGAL PACK) +
  • PRE & POST AUCTION OFFERS WELCOME +
  • GUIDE PRICE £50,000 +
  • 2 BED MID TERRACE +

2 BED TERRACE HOUSE FOR SALE BY AUCTION 14TH TO 15TH APRIL For sale via Online national auction on Monday 14th April 1.00pm until Tuesday 15th April 1.00pm

Open House Event 4th April 12.00pm to 12.30pm
Open House Event 11th April 12.00pm to 12.30pm

IF YOU ARE ATTENDING AN OPEN HOUSE YOU WILL NEED TO CONFIRM AND CAN BE ALLOCATED A VIEWING SLOT IF APPLICANTS DO NOT CONFIRM THE OPEN HOUSE WILL NOT BE ATTENDED BOOK YOUR VIEWING BY EMAIL, PHONE OR THE AUCTION HOUSE WEBSITE Auction House welcomes this Two Bedroom Mid terrace property to Auction which holds a great investment opportunity or First time home. Currently being sold vacant, this family home is ideal for first time investor or someone wanting to add to their already successful portfolio.

A great opportunity to acquire an original terraced property!

Comprising two reception rooms and two double bedrooms, a fitted kitchen, bathroom with avocado coloured suite. Parking available on May Place to the front.
No central heating and Timber single glazed windows throughout.

PLEASE NOTE No appliances have been tested by Auction House. Any measurements are approximate. We recommend any would be bidders conduct their own due diligence in good time prior to the auction taking place.

IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

GROUND FLOOR
SITTING ROOM 11'11 x 9'10 (3.63m x 3.00m)
Fitted carpet. Timber front door. Single glazed window.
LIVING ROOM 12'11 x 9'10 (3.94m x 3.00m)
Fitted carpet. Single glazed window. Fireplace with tiled hearth.
KITCHEN 11'05 x 5'10 (3.48m x 1.78m)
Range of fitted wall cupboards and base units. Tiled splashback. Single glazed
window. Vinyl flooring. Plumbing for washing machine.
REAR HALL Timber rear door. Cupboard containing the hot water cylinder.
BATHROOM 9'04 x 5'09 (2.84m x 1.75m)
Avocado suite. Toilet, basin with vanity and a tiled shower. Vinyl flooring. Single
glazed window.
FIRST FLOOR
LANDING
BEDROOM ONE 12'04 x 9'09 front (3.76m x 2.97m front)
Fitted carpet. Single glazed window.
BEDROOM TWO 12'09 x 9'10 rear (3.89m x 3.00m rear)
Fitted carpet. Single glazed window. Storage cupboard above stairs Tenure: Freehold Administration Fee: £1600 inc VAT payable on exchange of contracts. Buyer's Premium Fee: £1600 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 House, Covering Cheshire, Staffordshire & Shropshire

03456 462350

Next Steps?

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