11 Terson Way, Stoke-On-Trent, Staffordshire, ST3 5RQ

Description

For sale by auction, this three bedroom detached bungalow on Terson Way, Parkhall presents an exciting opportunity for buyers looking for a project with scope for improvement and potential to add value. Externally, the property benefits from driveway parking, garage and rear garden. With plenty of scope for modernisation and improvement, this property is ideally suited to investors, developers or owner-occupiers looking for a home they can personalise and enhance. An excellent auction opportunity with clear potential to add value.

Accommodation

Entrance hallway, kitchen, large living area, 2 large bedrooms including master with en-suite, family bathroom and single bedroom.

Location

Terson Way, Parkhall, Stoke-On-Trent, Staffordshire.

Tenure / Property Information

Investment Analysis

The five supplied completed sales on Terson Way range from £179,950 to £245,000, with the two 2025 sales at £199,000 and £245,000. A base GDV of £220,000 is used, with £199,000 as a low scenario and £245,000 as a high scenario. These are detached comparables, but their condition, size and exact specification relative to this bungalow are not provided, so the valuation remains indicative.

Investment Snapshot

Strategy Recommendation

Proceed only after inspecting the property and obtaining a detailed refurbishment quotation. The strongest evidence-supported case is a potential value-add purchase at the lower end of the guide, but the absence of condition, works and cost information makes a firm bid limit or flip/BRRR return assessment unsuitable.

Works Required

Modernisation and improvement of the bungalow as described by the auctioneer. The supplied evidence does not identify specific defects, required trades or a quantified refurbishment scope, so no works budget can be supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £220,000 indicative base GDV, 75% refinancing would be £165,000. However, the refurbishment cost, total acquisition cost, finance costs and any completion disbursements are not quantified, so cash left in and equity cannot be reliably calculated. The strategy requires confirmation of condition, works and achievable rent before bidding.

Buy-to-Let Analysis

The supplied advertised asking rents for three-bedroom properties in Stoke-on-Trent range from £875 to £925 pcm. At the £130,000 lower guide, this indicates approximately 8.1% to 8.5% gross yield before finance, voids, management, maintenance, tax and acquisition costs. These are asking rents rather than achieved rents, and no property-specific letting evidence is supplied.

Flip Analysis

The supplied detached sales support an indicative GDV range of £199,000 to £245,000, with £220,000 used as base GDV. A flip surplus cannot be calculated because no refurbishment budget, finance costs or supported selling allowance is available. The £3,600 stated buyer premium and admin charge would also need to be included, alongside unspecified disbursements.

Investor Risks & Due Diligence

• Comparable sales may differ in condition, size, layout and specification from the subject bungalow.

• The property is described as requiring modernisation, but no detailed survey or quantified works schedule is supplied.

• Advertised asking rents may not equal achieved rent.

• Buyer premium and admin charge total £3,600, with additional possible disbursements unspecified.

• No reliable maximum bid, total project cost or flip surplus can be calculated without refurbishment and transaction-cost information.

Recommendation

Proceed only after inspecting the property and obtaining a detailed refurbishment quotation. The strongest evidence-supported case is a potential value-add purchase at the lower end of the guide, but the absence of condition, works and cost information makes a firm bid limit or flip/BRRR return assessment unsuitable.

Strategy Rating

Analysis Confidence

There are several same-road completed sales and local three-bedroom asking-rent examples, but the property's condition, internal specification, refurbishment cost, achieved rent, finance costs and completion disbursements are not supplied.