2 Bed Semi-Detached House, Refurb/BRRR, Stoke-on-Trent, ST4 5PW, £150,000

Watson Road, Oakhill, Stoke-on-Trent, ST4 5PW - 5 views - a year ago

Sold STC
Refurb/BRRR
ROI: 1%
~94 m²
+11 photos

ValuationUndervalued

Sold Prices£75K - £247K
Sold Prices/m²£1K/m² - £3.6K/m²

 

 

Square Metres

~94 m²
Price/m²£1.6K/m²

Value Estimate

£154,500
BMV3%

 

 

End Value (After Refurb)

£169,799

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£38,398

Bridging Loan Interest

£3,938

Total Cash In

£87,285

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£169,799

Mortgage (After Refinance)

£127,349

Mortgage LTV

75%

Cash Released

£14,849

Cash Left In

£72,436

Equity

£42,450

Rent Range

£585 - £3,050

Rent Estimate

£760

Running Costs/mo

£703

Cashflow/mo

£57

Cashflow/yr

£689

ROI

1%

Gross Yield

6%

Local Sold Prices

48 sold prices from £75K to £247K, average is £116.8K. £1K/m² to £3.6K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£106K02/230.14 mi843, London Road, Stoke-on-trent ST4 5NZ2
£133K03/230.14 mi2, Elphinstone Road, Stoke-on-trent ST4 5PB2
£88K04/210.16 mi27, Grosvenor Avenue, Stoke-on-trent ST4 5BQ2
£108K10/210.16 mi37, Grosvenor Avenue, Stoke-on-trent ST4 5BQ2
£100K02/230.16 mi28, Grosvenor Avenue, Stoke-on-trent ST4 5BQ2
£127K10/230.22 mi6, Kensington Court, Stoke-on-trent ST4 5PJ2
£110K02/210.22 mi250, Trent Valley Road, Stoke-on-trent ST4 5LQ2
£163K11/230.22 mi11, Walton Road, Stoke-on-trent ST4 5PH2
£113.5K04/240.23 mi24, Alastair Road, Stoke-on-trent ST4 5BE2
£90K02/210.23 mi8, Alastair Road, Stoke-on-trent ST4 5BE2
£104.5K06/230.24 mi10, Neville Street, Stoke-on-trent ST4 5BW2
£95K05/210.24 mi44, Daintry Street, Stoke-on-trent ST4 5NN2
£87.5K12/200.24 mi50, Daintry Street, Stoke-on-trent ST4 5NN2
£101K04/230.24 mi48, Daintry Street, Stoke-on-trent ST4 5NN2
£113K07/210.24 mi581, London Road, Stoke-on-trent ST4 5AZ2
£115K03/240.24 mi565, London Road, Stoke-on-trent ST4 5AZ2
£110K08/240.24 mi35, Neville Street, Stoke-on-trent ST4 5BP2
£119.5K10/230.31 mi541, London Road, Stoke-on-trent ST4 5AY2
£143K06/210.34 mi11, Fairbank Avenue, Stoke-on-trent ST4 5JT2
£122K03/210.35 mi36, Fairbank Avenue, Stoke-on-trent ST4 5JU2
£101.8K12/200.36 mi11, Stonewood Close, Stoke-on-trent ST4 6SL2
£137.5K11/200.38 mi34, Hawthorne Avenue, Stoke-on-trent ST4 6NZ2
£247K11/210.45 mi48, Regent Street, Stoke-on-trent ST4 5HG2
£182K12/230.47 mi77, Riverside Road, Stoke-on-trent ST4 6LX2
£90K11/210.53 mi13, Munro Street, Stoke-on-trent ST4 5HA2
£150K05/230.53 mi34, Steeple Way, Stoke-on-trent ST4 5BX2
£145K05/230.53 mi24, Steeple Way, Stoke-on-trent ST4 5BX2
£167.5K06/230.53 mi13, Leadbeater Avenue, Stoke-on-trent ST4 5HE2
£85K03/210.54 mi5, Shelburne Street, Stoke-on-trent ST4 5EY2
£115K06/230.54 mi37, Shelburne Street, Stoke-on-trent ST4 5EY2
£118K05/210.54 mi54, Shelburne Street, Stoke-on-trent ST4 5EY2
£95K08/230.54 mi14, Shelburne Street, Stoke-on-trent ST4 5EY2
£85K08/240.57 mi9, Penkville Street, Stoke-on-trent ST4 5AL2
£147K02/240.57 mi5, All Saints Road, Stoke-on-trent ST4 4BP2
£137.5K04/230.57 mi7, All Saints Road, Stoke-on-trent ST4 4BP2
£118K02/230.58 mi33, Penkville Street, Stoke-on-trent ST4 5AL2
£116K09/230.59 mi46, All Saints Road, Stoke-on-trent ST4 4BL2
£110.4K04/210.61 mi44, Church Lane, Stoke-on-trent ST4 4QB2
£180K03/230.61 mi4, Forestside Grove, Stoke-on-trent ST4 8XH2
£180K01/240.61 mi10, Forestside Grove, Stoke-on-trent ST4 8XH2
£195K11/230.62 mi32, Clermont Avenue, Stoke-on-trent ST4 8QN2
£190K07/230.63 mi1, Hertford Grove, Newcastle, Staffordshire ST5 3DH2
£75K09/210.64 mi15, Nursery Street, Stoke-on-trent ST4 4BS2
£110K11/230.64 mi17, Nursery Street, Stoke-on-trent ST4 4BS2
£130K10/230.64 mi17, Mayne Street, Stoke-on-trent ST4 4RF2
£139.5K04/230.65 mi52, Trent Valley Road, Stoke-on-trent ST4 5JA2
£117.5K11/210.65 mi64, Trent Valley Road, Stoke-on-trent ST4 5JA2
£150K12/200.66 mi6a, The Villas, Stoke-on-trent ST4 5AQ2

Local Rents

20 rents from £585/mo to £3K/mo, average is £790/mo.

RentDateDistanceAddressBeds 
£72512/240.09 mi-2
£85002/250.16 mi-2
£70009/240.16 miNeville Street, Oakhill, Stoke-On-Trent, ST42
£77008/240.19 mi-2
£58503/250.21 mi-2
£78512/240.21 mi-2
£72508/240.22 mi-2
£3,05001/240.23 mi-2
£3,05009/240.23 mi-2
£3,05008/240.23 mi-2
£3,05008/240.23 mi-2
£3,05012/240.23 mi-2
£3,05012/240.23 mi-2
£73501/250.24 mi-2
£99502/250.27 mi-2
£79503/250.52 mi-2
£79903/250.57 mi-2
£74509/240.59 miSouth Terrace, Churchlands, Stoke On Trent, Staffordshire, ST42
£75012/240.59 mi-2
£75009/240.61 miLowndes Close, Stoke-On-Trent2

Local Area Statistics

Population in ST4

56,870

Population in Stoke-on-Trent

347,755

Town centre distance

3.90 miles away

Nearest school

0.10 miles away

Nearest train station

1.52 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £150,000

April 25, 2024

Floor Plans

Description

  • Semi Detached +
  • Two Bedrooms +
  • Upvc Double Glazing +
  • Electric Heaters +
  • Sought After Location +
  • No Upward Chain +
  • Freehold +
  • Council Tax Band B +

We are pleased to bring to the sales market this two bedroom semi detached property Ideally located in Oakhill within 2 miles of the Royal Stoke Hospital and a short distance to the A500 and M6 road networks. In need of some updating this property could make the ideal family home. With benefits such as off road parking, front and rear gardens entrance hall, lounge, kitchen/dining room along with two bedrooms and a family bathroom. This property is likely to appeal to investors and private buyers alike.
Early viewing highly recommended. 

PORCH 3' 5" x 3' 0" (1.04m x 0.91m) Upvc double glazed door to the front elevation, part brick with Upvc double glazed windows, wood laminate flooring 

HALL 3' 2" x 2' 11" (0.97m x 0.89m) Upvc double glazed frosted window to the side elevation, wood panelled door, smoke alarm, wood laminate flooring 

LOUNGE 12' 8" x 11' 1" (3.86m x 3.38m) Upvc double glazed bay window to the front elevation, TV aerial point, picture rail, chimney breast, electric storage heater, wood laminate flooring 

KITCHEN 11' 1" x 9' 9" (3.38m x 2.97m) Upvc double glazed window to the rear elevation, range of wall and base units with worktops over, built in oven and hob, stainless steel single sink, space and plumbing for washing machine, space for fridge, electric storage heater, vinyl flooring 

INNER HALL Upvc double glazed frosted window to the side elevation, Upvc double glazed glass panelled door, under stairs storage, wood cupboard housing electric meter, vinyl flooring

Downstairs cloakroom, LLWC in white, fully tiled walls 

STAIRS AND LANDING Upvc double glazed frosted window to the side elevation, loft access, smoke alarm, carpet to floor 

BATHROOM 6' 6" x 6' 5" (1.98m x 1.96m) Upvc double glazed frosted window to the rear elevation, 3 piece bathroom suite in white with shower over with rail, built in airing cupboard with lagged tank and shelving, part tiled walls, tiled flooring 

BEDROOM 11' 6" x 10' 2" (3.51m x 3.1m) Upvc double glazed bay window to the front elevation, electric storage heater, built in wardrobe units, carpet to floor  

BEDROOM 9' 9" x 7' 10" (2.97m x 2.39m) Upvc double glazed window to the rear elevation, electric storage heater, built in wardrobe unit, picture rail, carpet to floor 

FRONT GARDEN Driveway, flower beds, enclosed by wall and fence, metal gates x 2 for access 

REAR GARDEN Paved patio area, lawn area, paved walkway, mature plants and shrubs, green house, enclosed by fence and hedge, paved to side, wood gate for front access

Agent Details

Martin & Co, Stoke On Trent

01782 262880

Next Steps?

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