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Lake Road, Rudyard, Leek

West Midlands

£950,000
Listed on 17/12/2024

Property Details

Bedrooms
3
Type
Detached house
Area
1776 sqft

Description

This detached bungalow, nestled in the charming lakeside village of Rudyard, presents a unique opportunity for those looking to invest or renovate. Featuring three generous double bedrooms, the property also includes a sizeable lounge, dining area, kitchen, conservatory, and a bathroom. While it requires modern updates, this space serves as a blank canvas for families and investors alike to craft their ideal living environment. The property is set amidst well-established gardens at both the front and rear, with the back garden offering expansive views of the picturesque countryside. Ample parking is available with a driveway accommodating multiple vehicles, alongside a carport and garage for added convenience. Rudyard is ideally located within close proximity to the scenic Staffordshire Moorlands and Rudyard Lake, which is just a short walk away. The area is known for its peaceful surroundings and access to outdoor activities, making it ideal for nature lovers. Additionally, the vibrant market town of Leek is only 2.5 miles away, providing residents with shopping and dining options. This bungalow not only represents a comfortable living space but also embodies significant potential for those eager to invest in property renovation. Whether you're looking to create your dream home or explore development possibilities in an appealing location, this bungalow invites you to envision its future. Viewing opportunities are available for those interested in discovering what this property has to offer.

Investment Analysis

(ST13 area)

Above Market Value

This property is priced +145.8% above area average per sq ft

+145.8%
This Property
£535/sq ft
Area Average
£218/sq ft
Avg Rent (weekly)
£187
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£425,201
10% above area average per sq ft
Potential ROI
-57.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (ST13)

Area prices are stable by +1.1% over the last 12 months
3 year growth: 10.4%
5 year growth: 12.4%
Investment Disclaimer: Analysis based on ST13 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Lake Road, Rudyard, Leek
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,480
Based on a loan of £712,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE