2 Bed Flat, Refurb/BRRR, Stoke-on-Trent, ST9 0BG, £55,000

Main Road, Wetley Rocks, Stoke-on-Trent, ST9 0BG - 2 views - 14 days ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 6%
~68 m²
+1 photos

ValuationFair Value

Sold Prices£67.5K - £240K
Sold Prices/m²£1.4K/m² - £3.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£808/m²

Value Estimate

£56,100

 

 

End Value (After Refurb)

£146,301

Uplift in Value

+166%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£3,950

Refurb Costs

£27,830

Bridging Loan Interest

£1,444

Total Cash In

£48,724

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£146,301

Agent Fees (1%)

£1,463

Bridging Loan

£41,250

Bridging Loan Interest

£1,444

Flip Profit

£54,863

Local Sold Prices

9 sold prices from £67.5K to £240K, average is £230K. £1.4K/m² to £3.7K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£187K10/201.54 mi25, Churnet Close, Cheddleton, Leek, Staffordshire ST13 7JN2
£113K08/222.36 mi3, Holly Drive, Stoke-on-trent, Staffordshire ST2 9QG2
£67.5K10/202.37 mi22, Holly Drive, Stoke-on-trent, Staffordshire ST2 9QG2
£235K06/222.62 mi2, Bagnall Heights, Bagnall, Stoke-on-trent, Staffordshire ST9 9JL2
£227K02/232.64 mi21, Bagnall Heights, Bagnall, Stoke-on-trent, Staffordshire ST9 9JL2
£240K06/212.64 mi5, Bagnall Heights, Bagnall, Stoke-on-trent, Staffordshire ST9 9JL2
£230K06/212.64 mi3, Bagnall Heights, Bagnall, Stoke-on-trent, Staffordshire ST9 9JL2
£230K06/212.65 mi3, Bagnall Heights, Bagnall, Stoke-on-trent, Staffordshire ST9 9JL2
£240K06/212.65 mi5, Bagnall Heights, Bagnall, Stoke-on-trent, Staffordshire ST9 9JL2

Local Rents

4 rents from £800/mo to £1.1K/mo, average is £873/mo.

RentDateDistanceAddressBeds 
£89512/241.81 mi-2
£1,15009/242.02 miCotehill Road, Werrington, Stoke-on-Trent, ST93
£85009/242.02 miCotehill Road, Werrington, Stoke-On-Trent, ST92
£80009/242.1 miMoss Park Avenue, Werrington, Stoke-on-Trent, Staffordshire, ST92

Local Area Statistics

Population in ST9

11,933

Population in Stoke-on-Trent

347,755

Town centre distance

4.42 miles away

Nearest school

0.20 miles away

Nearest train station

4.95 miles away

 

 

Rental growth (12m)

-5%

Sales demand

Buyer's market

Capital growth (5yrs)

+24%

Property History

Listed for £55,000

March 17, 2025

Floor Plans

Description

  • 2 Bedroom Flat +
  • No Forward Chain +
  • Vacant for Immediate Possession +
  • First Floor Flat +
  • Requires Modernisation Throughout +
  • Ideal Investment Property +

Bettermove are proud to present this 2 bedroom first floor flat in Wetley Rocks available with no forward chain. The property benefits from secondary glazing, Economy Seven electric heating and has on street parking available nearby. The council tax band is A. This is a leasehold property with 965 years remaining on the lease; the ground rent is £1 per annum and there are no service charges. The interior of this flat requires modernisation and upgrading throughout to bring it up to its full potential and comprises the spacious living room, two bedrooms, the fitted kitchen and shower room on the first floor. The property benefits from its own private access from the ground floor. Located in the popular village of Wetley Rocks, the property is close to a range of amenities, including shops, supermarkets, restaurants and pubs. Excellent transport connections can be found from the A520, the A52 and many local bus routes providing easy access into Stoke-on-Trent and Leek. This exciting opportunity should not be missed! All enquiries can be made through Bettermove on . --------------------------------------------------------------------------------- You can secure the purchase immediately by paying an exclusivity deposit of £1,000. This is not an additional fee and is returned to you on completion. Paying this deposit ensures that the seller takes the property off the market and reserves it exclusively for you. Therefore, eliminating the risk of being gazumped by another buyer, and incurring aborted costs. This allows you rights to purchase within a given timeframe (typically 8-12 weeks) which gives you time to prepare funding, surveys, and searches. Speak to one of our sales team about our Exclusivity Deposits today to find out more…

Agent Details

Bettermove, Nationwide

020 3834 8696

Next Steps?

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

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