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

West Midlands

£40,000Guide Price

Listed on 13/07/2026

Property details

Bedrooms
2
Type
Terraced

Description

This vacant former retail unit presents an exciting opportunity for conversion into a residential property, with planning permission already in place for transforming it into a two-bedroom home. Located in a prime position close to the town centre, this property is ideal for investors seeking to capitalize on its versatile potential. The building requires extensive renovation, allowing you to tailor the final outcome to your vision, whether that is reinstating it as commercial space or developing it into comfortable residential accommodation. The layout includes a lower ground floor lounge, a compact kitchen area, and two bedrooms on the upper level alongside a shower room. This auction listing offers investors the chance to secure a promising piece of real estate in a growing area.

Investment analysis

(ST13 area)
Area Average
£232/sq ft
Avg Rent (weekly)
£181
Avg Yield
3.3%

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
27
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (ST13)

Area prices are stable by -0.2% over the last 12 months
3 year growth: +4.9%
5 year growth: +8.3%
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

31 Russell Street, Leek, Staffordshire, ST13 5JF
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£151
Based on a loan of £30,000 over 30 years at 4.45% 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.

Stamp duty calculator

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