Buy a residential refurb, 30% uplift, 9% Gross Yield

Opportunity to purchase a below market value 2 bed terraced house in Cobridge, ST6. Purchase price has been secured for a limited time only. Seller eager for a quick sell. Property has been neglected and needs some TLC. You could benefit from rental income if you choose to hold. Alternatively, you could sell the property.

Property Details:

Cobridge, ST6, Stoke-on-Trent
2-Bedroom Terrace
Price: £79k (Seller willing to discount for quick cash sale)
Potential Rent: £750 – £800 PCM
Est Gross Yield 9% - (Annual Rental Income/Purchase Price) x 100
Est refurb costs £15k
GDV £110k
Est Profit £16k - (GDV - Purchase Price - Est Refurb Costs)

This property is likely to appeal to a buy-to-let investor that is looking to move quickly. With strong demand for homes in the area and a steady rental returns, this property would make a great addition to your portfolio.

If you would like more information, or to arrange a viewing, please feel free to get in touch.

2.5% Source Fee Applies

Brookside Allenby

Tel: +44 7838 356026

Email: brooksideallenby@gmail.com

Property for Sale

10 x 1 Bed Service Accommodation Units, Longton, Stoke, ST3

(49% ROCE)

Investment opportunity in Stoke-On-Trent. Commercial to residential conversion. Development building with residential & retail use. Building formerly housed a commercial bank.

10 x 1 Bed Service Accommodation Units (1st & 2nd floors)
3 Retail Units ( Ground floor)
Pre-App Planning: 25/CLP/00675
Seller open to Lease Option purchase
Exchange takes place when full planning achieved
Selling Price £325k
Est Build Cost £380k
GDV £900k

Ground Floor - 1464 sq ft
Basement - 1105 sq ft
First Floor - 1409 sq ft
Second Floor - 1452 sq ft
Total - 5430 sq ft

Potential residential rentals £600 each
Potential commercial rentals £400 each

Longton Key Opportunities

Longton is currently experiencing significant development activity driven by urban regeneration, heritage restoration, and new residential projects, bolstered by £19 million in town improvement funding.

Key opportunities focus on transforming derelict industrial land into modern residential, commercial, and community spaces.

Crown Works: former 0.85-acre industrial site being redeveloped by OVI Homes into 62 retirement homes.

Gladstone Rise: new community featuring 2, 3, and 4-bedroom homes is under development in Longton.

Residential Growth Areas: council has identified land to east of Woodpark Lane and Lightwood Lane, a 22-acre site, as a "broad location" for potential future development.

The Crescent, The Wood: Bellway Homes is developing new residential options (2-4 bedroom homes) in the ST3 area.

See Planning Drawings and Photos below

If you would like more information, or to arrange a viewing, please free to contact us.