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Liverpool Road, STOKE-ON-TRENT

West Midlands

£32,000
Listed on 13/04/2024

Property Details

Bedrooms
1
Type
Flat

Description

This ground floor one-bedroom flat presents a unique opportunity for buyers seeking a renovation project in a converted terrace. While the property is in need of comprehensive refurbishment, its structural layout and original features offer a solid foundation for creative enhancements that can significantly increase its value. Situated in an established neighborhood, this flat benefits from proximity to local amenities, including shops, parks, and public transport options. The surrounding area boasts a vibrant community atmosphere, making it an appealing choice for both renters and future homeowners. Investors will appreciate the potential for capital growth through strategic renovations aimed at modernizing the space while retaining its character. The flat's layout allows for various reconfiguration possibilities, which could enhance functionality and appeal. As with any auction property, potential buyers are encouraged to conduct thorough due diligence and consult with legal advisors regarding the purchasing process. Viewing arrangements can be made through the auction department, making it easy to assess this property's potential firsthand. Overall, this flat offers both a promising investment avenue and a chance to create a personalized living space tailored to contemporary standards.

Investment Analysis

(ST7 area)
Area Average
£248/sq ft
Avg Rent (weekly)
£204
Avg Yield
4.0%

Renovation Potential

Est. Renovation Cost
£3,200 - £8,000
10-25% of property value
Monthly Sales
38
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (ST7)

Area prices are stable by +0.2% over the last 12 months
3 year growth: 1.7%
5 year growth: 18.5%
Investment Disclaimer: Analysis based on ST7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Liverpool Road, STOKE-ON-TRENT
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