6 Heath Street, Stoke-on-Trent, ST6 5RZ

Description

A Freehold Mid Terraced Residential Investment. A mid terrace property, standing flush to the pavement.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen, Bathroom/WC. First Floor: Landing, Two Bedrooms. Outside: Rear Yard. The property benefits from having double glazing.

Location

Stoke-on-Trent

Tenure / Property Information

Investment Analysis

Same-street freehold terraced sales range from £50,000 to £81,000. The most recent supplied comparable, 12 Heath Street, sold for £50,000 on 21 November 2025, while earlier sales include £77,000 and £78,000. A base GDV of £77,000 is used, with £50,000–£81,000 as the evidence-supported range. The £2,700 administration charge is included in total-cost calculations; stamp duty, finance, selling costs and any additional special-condition costs are excluded because they are not supplied.

Investment Snapshot

Strategy Recommendation

Retain as a BTL only if the existing tenancy, rent payment history and legal pack are satisfactory. The guide appears close to the lower end of the supplied market evidence, but the limited condition and tenancy information makes refurbishment or flip strategies unsuitable to underwrite confidently.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection of the property, legal pack and existing tenancy only; no refurbishment allowance has been included.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £55,000 guide plus the £2,700 administration charge, known cost is £57,700 before taxes, finance and any unknown costs. A 75% refinance at the £77,000 base GDV indicates £57,750 gross borrowing, leaving approximately £50 before finance, tax and other costs. This is highly dependent on the lender valuation, tenancy position and actual refinance terms.

Buy-to-Let Analysis

The existing rent is £500pcm (£6,000pa), producing a 10.91% gross yield on the £55,000 guide and 10.40% on the guide plus the known £2,700 administration charge. Supplied advertised asking rents range from £775pcm to £1,080pcm, but these are not achieved rents and the £1,080 listing is for ST6 6 rather than the subject ST6 5RZ. The current passing rent is therefore the more reliable BTL basis. Operating costs, arrears position and tenancy terms are not supplied.

Flip Analysis

Using the £77,000 base GDV less the £57,700 known acquisition cost gives £19,300 before selling costs, tax, finance, works and any additional auction costs. A true flip surplus cannot be established because no selling-cost allowance, finance cost or refurbishment cost is supplied.

Investor Risks & Due Diligence

• The property is sold subject to the existing tenancy, but tenancy terms, deposit, arrears and payment history are not supplied.

• EPC details and the legal pack have not been provided.

• Additional special-condition costs are unknown and payable on completion if applicable.

• No property condition or refurbishment requirements are evidenced, so works and compliance costs cannot be assessed.

• Rental listings are advertised asking rents rather than achieved rents; the current £500pcm rent may not reflect market rent.

• Refinance valuation, lender terms, finance costs and taxes are unknown.

Recommendation

Retain as a BTL only if the existing tenancy, rent payment history and legal pack are satisfactory. The guide appears close to the lower end of the supplied market evidence, but the limited condition and tenancy information makes refurbishment or flip strategies unsuitable to underwrite confidently.

Strategy Rating

Analysis Confidence

There are multiple same-street completed sales, an existing passing rent and a known administration charge, but the EPC, legal pack, tenancy terms, condition, additional costs and achievable market rent are not supplied.