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31 Russell Street, Leek, Staffordshire, ST13 5JF - Image 1
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31 Russell Street, Leek, Staffordshire, ST13 5JF - Image 8
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31 Russell Street, Leek, Staffordshire, ST13 5JF

West Midlands

£45,000
Listed on 08/11/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This property presents an intriguing opportunity for investors and developers, featuring a former retail unit that has been granted planning permission for conversion into a two-bedroom residential dwelling (reference: SMD/2024/0379). Situated in a prime location near the town center, it benefits from excellent visibility and accessibility, making it a strategic choice for both residential and commercial development. The interior of the property requires comprehensive renovation, which opens up countless possibilities for customization and improvement. The layout includes a lower ground floor lounge and kitchen area as well as two bedrooms on the first floor. Though currently in need of updating, the space can be transformed to meet modern living standards or repurposed to cater to commercial needs, depending on your investment strategy. This property is positioned in an area with growing demand for housing, offering significant potential for return on investment once developed. With the right vision and execution, this could become a sought-after home or rental property in an increasingly competitive market. Viewings are available for serious buyers prepared to proceed under auction terms. Interested parties should ensure they are ready to demonstrate their capability to complete the purchase upon auction completion. All necessary legal documentation can be accessed via our online platforms. This is not only an investment opportunity but also a chance to shape a property in line with contemporary design trends while capitalizing on its advantageous location.

Investment Analysis

(ST13 area)
Area Average
£223/sq ft
Avg Rent (weekly)
£177
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (ST13)

Area prices are stable by +0.9% over the last 12 months
3 year growth: 12.8%
5 year growth: 13.8%
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.

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Location

31 Russell Street, Leek, Staffordshire, ST13 5JF
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