2 Bed Terraced House, Refurb/BRRR, Stoke-on-Trent, ST6 2HL, £40,000

Elm Street, Cobridge, Stoke-on-Trent, ST6 2HL - 2 views - 15 days ago

Sold STC
Cash
Refurb/BRRR
ROI: 10%
~68 m²
+6 photos

ValuationFair Value

Sold Prices£38K - £157.5K
Sold Prices/m²£488/m² - £3.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£587/m²

Value Estimate

£40,000

 

 

End Value (After Refurb)

£78,779

Uplift in Value

+97%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£10,000

Stamp Duty & Legal Fees

£3,200

Refurb Costs

£27,600

Bridging Loan Interest

£1,050

Total Cash In

£43,600

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£78,779

Mortgage (After Refinance)

£59,084

Mortgage LTV

75%

Cash Released

£29,084

Cash Left In

£14,516

Equity

£19,695

Rent Range

£560 - £1,200

Rent Estimate

£784

Running Costs/mo

£423

Cashflow/mo

£361

Cashflow/yr

£4,332

ROI

10%

Gross Yield

24%

Local Sold Prices

50 sold prices from £38K to £157.5K, average is £72.3K. £488/m² to £3.4K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£65K12/200.06 mi58, Davison Street, Stoke-on-trent ST6 2EX2
£91.5K02/210.17 mi67, Barnfield Road, Stoke-on-trent ST6 3DG2
£66K11/210.18 mi102, Nile Street, Stoke-on-trent ST6 2BH2
£95K03/210.22 mi96, Commercial Street, Stoke-on-trent ST6 3DB2
£63K08/210.24 mi79, North Road, Stoke-on-trent ST6 2DN2
£80K03/230.26 mi17, Glendale Street, Stoke-on-trent ST6 2EP2
£68K05/230.26 mi23, Lindley Street, Stoke-on-trent ST6 2DW2
£60K02/210.29 mi3, Furnival Street, Stoke-on-trent ST6 2PD2
£70K10/210.3 mi18, Hillary Street, Stoke-on-trent ST6 2PG2
£100K02/210.36 mi15, Bowlers Close, Stoke-on-trent ST6 3LR2
£140K07/230.42 mi18, Festival Close, Stoke-on-trent ST6 3LG2
£72.5K11/200.45 mi195, Sneyd Street, Stoke-on-trent ST6 2NU2
£73K06/230.46 mi48, Derwent Street, Stoke-on-trent ST1 5EN2
£75K02/230.52 mi19, Windermere Street, Stoke-on-trent ST1 5EL2
£70K05/210.52 mi10, Windermere Street, Stoke-on-trent ST1 5EL2
£60K02/240.52 mi10, Windermere Street, Stoke-on-trent ST1 5EL2
£82K08/230.53 mi184, Moorland Road, Burslem, Stoke-on-trent ST6 1EB2
£40K04/210.55 mi409, Waterloo Road, Stoke-on-trent ST1 5DT2
£85K12/210.57 mi270, Sneyd Street, Stoke-on-trent ST6 2NP2
£155K12/200.58 mi303, Sneyd Street, Stoke-on-trent ST6 2NS2
£65K05/230.58 mi29, Nicholas Street, Stoke-on-trent ST6 1AA2
£45K01/240.58 mi91, Portland Street, Stoke-on-trent ST1 5DR2
£61K01/210.61 mi59, Winifred Street, Stoke-on-trent ST1 5DN2
£50K11/200.63 mi19, Rutland Street, Stoke-on-trent ST1 5JG2
£55K12/230.63 mi43, Rutland Street, Stoke-on-trent ST1 5JG2
£62.5K03/210.63 mi35, Rutland Street, Stoke-on-trent ST1 5JG2
£100K07/230.64 mi2, Duncalf Street, Stoke-on-trent ST6 3LJ2
£50K03/210.64 mi69, Price Street, Stoke-on-trent ST6 4EN2
£93K08/230.64 mi42, Bowden Street, Stoke-on-trent ST6 1JB2
£110K07/210.64 mi17, Boundary Street, Stoke-on-trent ST1 5BA2
£100K06/210.65 mi4, Shaw Street, Stoke-on-trent ST1 5JN2
£59K11/200.66 mi58, Lowther Street, Stoke-on-trent ST1 5JF2
£75K10/210.66 mi67, May Street, Stoke-on-trent ST6 1JA2
£83K12/200.66 mi43, May Street, Stoke-on-trent ST6 1JA2
£121.7K03/210.66 mi52, Dairyfields Way, Stoke-on-trent ST1 6XJ2
£146.9K06/230.66 mi54, Dairyfields Way, Sneyd Green, Stoke-on-trent ST1 6XJ2
£65K02/230.66 mi177, Hamil Road, Stoke-on-trent ST6 1AP2
£95K03/230.67 mi48, Gordon Street, Stoke-on-trent ST6 1HY2
£61K08/210.68 mi14, Bowden Street, Stoke-on-trent ST6 1EZ2
£81K01/210.68 mi8, Bowden Street, Stoke-on-trent ST6 1EZ2
£65K12/200.68 mi27, Lowther Street, Stoke-on-trent ST1 5JE2
£94K06/230.69 mi22, Blake Street, Stoke-on-trent ST6 4BE2
£72K06/230.69 mi9, Blake Street, Stoke-on-trent ST6 4BE2
£132K10/200.7 mi39, Bethell Road, Stoke-on-trent ST1 6XL2
£62.6K07/210.7 mi11, Portland Street, Stoke-on-trent ST1 5HZ2
£38K12/200.71 mi21, Broadhurst Street, Stoke-on-trent ST6 1EY2
£107.5K04/210.71 mi5, Granville Avenue, Stoke-on-trent ST1 6BQ2
£157.5K12/220.71 mi55, Granville Avenue, Stoke-on-trent ST1 6BQ2
£47.5K10/210.71 mi29, Denbigh Street, Stoke-on-trent ST1 5JA2
£60K01/210.72 mi169, Lower Bryan Street, Stoke-on-trent ST1 5AT2

Local Rents

12 rents from £560/mo to £1.2K/mo, average is £738/mo.

RentDateDistanceAddressBeds 
£67509/240.11 miHughes Street Burslem2
£62509/240.12 miWaterloo Road, Stoke-On-Trent, ST62
£79509/240.13 miGrove Street; Hanley; ST62
£75003/250.28 mi-2
£80009/240.39 miHenry Dunn Avenue, Hanley, Stoke-on-Trent, ST12
£1,20002/250.4 mi-2
£1,00003/250.41 mi-2
£69512/240.45 mi-2
£80002/250.56 mi-2
£72503/250.57 mi-2
£56001/250.6 mi-2
£69501/250.61 mi-2

Local Area Statistics

Population in ST6

64,608

Population in Stoke-on-Trent

347,755

Town centre distance

1.19 miles away

Nearest school

0.20 miles away

Nearest train station

1.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £40,000

March 17, 2025

Floor Plans

Description

  • Forecourted Mid Terraced House +
  • Cash Buyers Only +
  • In Need of Renovation +
  • Ideal Investment property +
  • Two Reception Rooms +
  • First floor Bathroom W.C. +
  • Two Bedrooms +
  • No Upward Chain +
  • Rear Parking +

DRAFT DETAILS. CASH BUYERS ONLY. This is a great opportunity to purchase a Mid Terraced Property in need of complete renovation. Has two reception rooms, two bedrooms, kitchen and first floor bathroom W.C. Forecourt to the front yard to the rear with space for parking and gates. Ideal investment property. In a popular location being close the amenities.  EPC rating: F. Tenure: Freehold,

Agent Details

Northwood, Stoke-on-Trent

01782 890590

Next Steps?

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