438 Victoria Road, Stoke-on-Trent

Description

A three bedroom link detached house in need of modernisation. The property benefits from a garage and rear garden. Extension potential subject to requisite consents.

Accommodation

Ground Floor - Lounge, Dining Room, Porch. First Floor - Three Bedrooms, Bathroom/WC.

Location

Located on Victoria Road, accessed off Leek Road. A range of shops, restaurants pubs are available close by in the centre of Stoke-on-Trent. The recreational amenities of Hanley Park and Cauldon PArk are nearby. Road links via the A52. Transport Stoke-on-Trent - Natioanl Rail.

Tenure / Property Information

Investment Analysis

The evidence confirms a vacant, freehold three-bedroom link-detached house with garage and rear garden, described as needing modernisation. No completed-sale comparables, formal valuation, refurbishment budget or GDV evidence is supplied, so market value and resale value cannot be reliably estimated. The £65,000 guide is not treated as market value.

Investment Snapshot

Strategy Recommendation

Treat as a potential low-cost refurbishment or BTL opportunity only subject to a detailed survey, realistic modernisation quotations and independent local valuation evidence. Do not rely on the guide price or advertised rents alone.

Works Required

Modernisation works are indicated by the description, but the scope and cost are unsupported. Obtain a survey and contractor quotations before bidding. Any extension remains subject to the requisite consents.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed because no refurbishment cost, GDV, completed-sale comparables or refinance valuation is supplied. The property is vacant and needs modernisation, so survey and cost evidence are essential before assessing refinance potential.

Buy-to-Let Analysis

Supplied advertised asking rents for comparable three-bedroom Stoke-on-Trent properties range from £950 to £1,100 pcm. Using the midpoint of £1,025 pcm gives annual advertised rent of £12,300 and a gross yield of approximately 18.9% against the £65,000 guide. This is not a passing-rent assessment and excludes refurbishment, finance, voids, management, maintenance, taxation and any buyer costs. The BTL case cannot be validated until condition and total project cost are established.

Flip Analysis

A flip appraisal cannot be completed because there are no completed-sale comparables, supported GDV, refurbishment budget, selling allowance or buyer costs. Any resale surplus calculation would therefore be speculative.

Investor Risks & Due Diligence

• The property is described as needing modernisation, but the extent and cost of works are unknown.

• No completed-sale comparables or formal valuation are supplied, so GDV and resale value are unsupported.

• Rental figures are advertised asking rents rather than achieved or passing rents.

• No buyer, administration or other acquisition fees are supplied.

• Any extension is subject to the requisite consents.

• EPC, council tax and heating information are not supplied.

Recommendation

Treat as a potential low-cost refurbishment or BTL opportunity only subject to a detailed survey, realistic modernisation quotations and independent local valuation evidence. Do not rely on the guide price or advertised rents alone.

Strategy Rating

Analysis Confidence

Property identity, tenure, occupancy, guide price and indicative asking rents are supplied, but there are no sold comparables, condition survey, works budget, GDV, EPC, council tax, heating or fee details.