15 Nelson Street, Stoke-On-Trent, Staffordshire, ST4 3QD

Description

An excellent opportunity for investors, developers and buyers looking for a renovation project to acquire this traditional two-bedroom mid-terraced property, situated in an established residential area of Stoke-on-Trent. Offering approximately 803 sq. ft. (74.6 sq. m.) of accommodation across two floors, the property requires a programme of modernisation and refurbishment throughout, presenting an opportunity to add value and create an attractive home or buy-to-let investment.

Accommodation

Approximately 803 sq. ft. (74.6 sq. m.) across two floors. Ground floor comprises a front living room, separate dining room, fitted kitchen and rear store. First floor comprises two bedrooms and a family bathroom fitted with a three-piece suite comprising a bath, wash hand basin and WC. Enclosed rear yard with access to a useful outbuilding/store.

Location

Situated in an established residential area of Stoke-on-Trent, conveniently positioned for local shops, schools and everyday amenities, with Stoke-on-Trent city centre, Stoke railway station and the wider road network accessible from the surrounding area.

Tenure / Property Information

Investment Analysis

Five completed same-street freehold terraced sales range from £85,000 to £105,000, with an average of £91,700 and median of £88,500. Given the subject requires modernisation and refurbishment throughout, a cautious base GDV of £90,000 is used, with £85,000 low and £105,000 high scenarios. Comparable condition, size and specification details are not supplied.

Investment Snapshot

Strategy Recommendation

Proceed only after obtaining a full refurbishment quotation and reviewing the legal pack for additional charges. Subject to those checks, the low guide price may support a refurbishment-led resale or refinance strategy, but the evidence is insufficient to commit to BTL or set a maximum bid.

Works Required

Modernisation and refurbishment throughout the two-storey accommodation, based on the auction description. The existing kitchen, bathroom, finishes, outbuilding/store and external yard should be inspected and updated where required; no specific defects or costs are evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £14,000 guide, the known buyer administration charge is £3,600 including VAT, before any refurbishment and other legal-pack charges. A 75% refinance against the £90,000 base GDV equates to £67,500, but cash left in cannot be calculated because works and total acquisition costs are unsupported. The refinance figure is indicative only, not a lending commitment.

Buy-to-Let Analysis

BTL suitability is plausible because the property is a two-bedroom residential house, but no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Gross rent and yield therefore cannot be established. Refurbishment costs and additional legal-pack charges are also unknown.

Flip Analysis

The completed same-street evidence supports an indicative £90,000 base GDV, but the project’s resale surplus cannot be calculated because refurbishment costs, selling costs and potentially applicable special-condition charges are not supplied. The apparent price gap is not evidence of profit.

Investor Risks & Due Diligence

• The property is described as requiring modernisation and refurbishment throughout, but no works scope or cost estimate is supplied.

• No sufficiently specific rental evidence is available, so BTL income and yield cannot be assessed.

• The £3,600 administration charge is known, while further legal-pack charges may apply and are unquantified.

• Comparable sale condition, accommodation detail and refurbishment status are not supplied.

• The estimated GDV is based on five same-street sales and is not a formal valuation or guaranteed resale price.

Recommendation

Proceed only after obtaining a full refurbishment quotation and reviewing the legal pack for additional charges. Subject to those checks, the low guide price may support a refurbishment-led resale or refinance strategy, but the evidence is insufficient to commit to BTL or set a maximum bid.

Strategy Rating

Analysis Confidence

Same-street completed sales provide useful GDV evidence, but there is no rental evidence, refurbishment quotation, comparable condition detail, buyer premium, or quantified special-condition costs.