27, Evans Street, Stoke-On-Trent, Staffordshire, ST6 4HP

Description

Auction House would like to present this two bedroom mid terrace house located in Stoke-Upon-Trent and offered to the market via online auction. Comprising of a lounge, dining room, kitchen, bathroom, and two bedrooms. This property is being sold with a tenant in situ currently paying £650pcm, making it an ideal hands off investment opportunity. Close to amenities and transport links.

Accommodation

Lounge, dining room, kitchen, bathroom, and two bedrooms.

Location

Close to amenities and transport links.

Tenure / Property Information

Investment Analysis

Same-street completed sales range from £52,000 to £90,000, with the four higher comparables between £70,000 and £90,000. The £52,000 sale is a lower outlier. A base GDV of £75,000 is supported, but condition and accommodation details of the comparables are not provided, so a £70,000–£90,000 scenario range is more appropriate than a precise valuation.

Investment Snapshot

Strategy Recommendation

Consider as a buy-to-let hold rather than a flip, subject to satisfactory tenancy, legal, condition and compliance due diligence. The upper guide appears supported by the stated passing rent, but bidding should account for all unknown auction and property costs.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection and verification of the kitchen, bathroom, decoration, services and general condition before bidding; no works allowance has been assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £65,000 upper guide plus the known £3,600 administration charge, indicative acquisition cost is £68,600 before unknown works and other charges. At a £75,000 base GDV, 75% refinancing is £56,250, leaving approximately £12,350 invested before finance, tax, works and other costs. The limited apparent uplift means the refinance outcome is sensitive to valuation and missing costs.

Buy-to-Let Analysis

The property has a tenant in situ paying £650 pcm, producing £7,800 annual rent. At the upper £65,000 guide, this is a 12.00% gross yield before finance, maintenance, voids, management, tax and other auction costs. The £700 pcm evidence supports potential upside, while the £1,000 pcm figure is only an advertised asking rent and is not treated as achieved. Tenancy terms, deposit, arrears and compliance information are not supplied.

Flip Analysis

At the £65,000 upper guide and £75,000 base GDV, the indicative gross spread before works, selling costs, finance, tax and other unknown charges is £6,400. A reliable flip surplus cannot be calculated because refurbishment and selling allowances are unsupported.

Investor Risks & Due Diligence

• Tenant and tenancy documentation have not been provided, including term, deposit, arrears and compliance details.

• Property condition and any required refurbishment are unknown.

• Additional search, seller, legal and transfer fees may apply but are not quantified.

• The £1,000 pcm rental figure is an advertised asking rent, not an achieved rent for this property.

• Comparable completed prices vary materially from £52,000 to £90,000.

Recommendation

Consider as a buy-to-let hold rather than a flip, subject to satisfactory tenancy, legal, condition and compliance due diligence. The upper guide appears supported by the stated passing rent, but bidding should account for all unknown auction and property costs.

Strategy Rating

Analysis Confidence

There are several exact-street completed sales and a stated passing rent, but property condition, tenancy documentation, comparable condition, refurbishment costs and additional auction charges are not supplied.