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Silk Street, Leek, Staffordshire ST13 6HX - Image 1
Silk Street, Leek, Staffordshire ST13 6HX - Image 2
Silk Street, Leek, Staffordshire ST13 6HX - Image 3

Silk Street, Leek, Staffordshire ST13 6HX

West Midlands

£250,000
Listed on 06/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a promising opportunity for transformation, featuring a two-storey former warehouse and silk shade primed for conversion and enhancement. Plans are in place to create three 3-bedroom residences along with a separate 2-bedroom detached home, which will replace an existing outbuilding. Situated in the heart of town, this site benefits from convenient access to local amenities and includes off-street parking. The surrounding area is well-connected, making it ideal for future tenants or buyers seeking urban living. The proposed development aims to retain striking original features such as exposed oak A-frames and vaulted ceilings, adding character and charm to the finished units. Each of the three residential units will include a ground floor with a hallway, three bedrooms, and a bathroom, while the first floor will feature an open-plan kitchen and living space. To complement these homes, each unit will also have dedicated garden areas at the rear. The detached dwelling will offer its own thoughtful layout: on the ground floor, it will encompass a hallway, a WC, living/kitchen space, utility room, and plant room. Upstairs, there will be two bedrooms accompanied by a bathroom; this unit will have an attractive garden area at the front. With listed building consent already approved (reference SMD/2021/0854) as of August 6th, 2024, this project is well-positioned for those looking to invest in property development while preserving historical elements. In terms of internal dimensions: - Unit 1: Ground Floor - 47m²; First Floor - 42m² (excluding voids) - Unit 2: Ground Floor - 45m²; First Floor - 40m² (excluding voids) - Unit 3: Ground Floor - 47m²; First Floor - 42m² (excluding voids) - Detached Dwelling: Ground Floor - 35m²; First Floor - 35m² The potential for renovation and investment here is significant, offering both immediate returns through rental opportunities and long-term value appreciation in a central location.

Investment Analysis

(ST13 area)
Area Average
£218/sq ft
Avg Rent (weekly)
£187
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£400,000 - £600,000
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

Silk Street, Leek, Staffordshire ST13 6HX
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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
£916
Based on a loan of £187,500 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