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Leek Road, Hanley ST1 - Image 1
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Leek Road, Hanley ST1

West Midlands

£600,000
Listed on 12/12/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a significant investment opportunity in the form of a redevelopment site, with outline planning permission granted for the construction of up to 119 student accommodation units. Currently, the land is in a semi-cleared state, having remnants of former building foundations that have been removed. The topography of the site features variations, rising towards the southern boundary and bordered by a stream on the northern edge and a former railway line to the east. The land is mostly overgrown and requires extensive clearance due to the accumulation of waste materials. Envisaged plans involve erecting two semi-detached or linked buildings with four floors each, designed to host en-suite student apartments complete with kitchenettes and communal areas on the ground floor. This project holds substantial potential for developers looking to cater to the growing demand for student housing in this area.

Investment Analysis

(ST1 area)
Area Average
£152/sq ft
Avg Rent (weekly)
£171
Avg Yield
6.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£500,000 - £800,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
41%
Properties sold annually

Local Market Trend (ST1)

Area prices are stable by +1.2% over the last 12 months
3 year growth: 6.2%
5 year growth: 14.0%
Investment Disclaimer: Analysis based on ST1 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

Leek Road, Hanley ST1
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,198
Based on a loan of £450,000 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