12 Cowper Street, Stoke-On-Trent, Staffordshire, ST4 3LA

Description

For sale by auction, this two-bedroom terrace property on Cowper Street, Fenton presents an opportunity for buyers looking for a project with scope for improvement and potential to add value. The property has scope for modernisation and improvement and is suited to investors, developers or owner-occupiers looking for a home they can personalise and enhance.

Accommodation

Two reception rooms, kitchen, ground floor bathroom, two double bedrooms, rear garden. Ground floor: entrance hall, front reception measuring 11'02 x 11'0 (3.40m x 3.35m), rear reception measuring 11'06 x 9'11 (3.51m x 3.02m), kitchen measuring 11'08 x 6'01 (3.56m x 1.85m), rear hall and bathroom measuring 7'10 x 6'01 (2.39m x 1.85m). First floor: landing, bedroom 1 measuring 11'02 x 11'0 (3.40m x 3.35m), bedroom 2 measuring 11'07 x 10'02 (3.53m x 3.10m). Outside: small gravel yard with pedestrian gate to the rear.

Location

The property is on Cowper Street, Fenton, Stoke-On-Trent, Staffordshire.

Tenure / Property Information

Investment Analysis

The supplied sold evidence is highly variable: £55,000 and £156,000 for 40 Cowper Street, and £70,250 for 4 Cowper Street. The differences may reflect condition, specification or transaction circumstances, which are not supplied. The subject property is described as requiring modernisation, but no inspection report, EPC, floor area or detailed condition schedule is provided. A reliable GDV or market-value estimate cannot therefore be established.

Investment Snapshot

Strategy Recommendation

Treat as a conditional project opportunity only. Obtain a full inspection, refurbishment quotation, legal-pack review and evidence of achievable rent and resale value before bidding; do not rely on the guide-price yield alone.

Works Required

Modernisation and improvement as described by the auction particulars. The evidence does not identify specific defects or provide enough detail to cost kitchens, bathrooms, heating, windows, roofing, electrics, decoration or other works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The low guide relative to some supplied local sold prices may offer refinance potential, but the comparable results are too inconsistent and the property condition and refurbishment cost are not quantified. A 75% GDV refinance calculation cannot be supported without a defensible GDV.

Buy-to-Let Analysis

The only rental evidence is a £900 pcm advertised asking rent for a two-bedroom Staffordshire property; it is not an achieved or property-specific rent. At the £45,000 guide, the headline gross yield is 24.0% before the £1,800 buyer premium, £1,800 admin charge, refurbishment, finance, maintenance, voids, management, tax and other possible costs. A reliable net yield or yield on total cost cannot be established.

Flip Analysis

A flip assessment cannot be completed reliably. The supplied comparables range from £55,000 to £156,000, while the property's post-works condition, works budget, selling costs and achievable resale value are unknown. The £1,800 buyer premium and £1,800 admin charge are known acquisition costs, with possible additional disbursements and special-condition costs.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not specified.

• The sold comparables vary materially from £55,000 to £156,000 and their condition or circumstances are unknown.

• The £900 pcm figure is an advertised asking rent, not an achieved or property-specific rent.

• Buyer premium and admin charge total £3,600, with possible additional disbursements and special-condition costs.

• No EPC, council tax, inspection report or detailed legal-pack information is supplied.

• On-street parking and a small rear gravel yard may affect appeal, but no market impact has been evidenced.

Recommendation

Treat as a conditional project opportunity only. Obtain a full inspection, refurbishment quotation, legal-pack review and evidence of achievable rent and resale value before bidding; do not rely on the guide-price yield alone.

Strategy Rating

Analysis Confidence

The address, tenure, accommodation, guide, known auction charges, one asking-rent listing and several same-street sales are supplied, but condition, works cost, EPC, legal disbursements, achieved rent and reliable comparable adjustments are missing.