28 Mynors Street, Stoke-on-Trent, Staffordshire, ST1 2DJ

- PROPERTY TYPE
Terraced
- BEDROOMS
2
- BATHROOMS
1
- SIZE
861 sq ft
80 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Two Bedroom Mid-Terraced Property
- Two Reception Rooms & One Bathroom
- Refurbishment & Value-Add Opportunity
- Refurbishment & Value-Add Opportunity
- Ideal BTL, BRRR or Refurbishment Investment
Description
INVESTOR OPPORTUNITY - An excellent opportunity to acquire a two-bedroom mid-terraced property in an established and popular residential location close to Hanley, offering considerable potential for investors, landlords and owner-occupiers looking for a property they can modernise to their own requirements.
Description
The property offers approximately 80sqm of accommodation arranged over two floors and comprises two reception rooms, kitchen, bathroom and two bedrooms.
Whilst the property would benefit from modernisation and refurbishment, the existing layout provides a straightforward opportunity to create a well-presented two-bedroom home suitable for either the rental or resale market.
INVESTMENT HIGHLIGHTS
* Refurbishment/value-add opportunity
* Current local rental evidence of approximately £750£800 pcm
* Potential gross annual rental income of approximately £9,000£9,600
* Recent sales on Mynors Street approaching and exceeding £100,000
* Suitable for Buy-to-Let, BRRR or refurbishment and resale
* Attractive low-entry investment opportunity
THE INVESTMENT OPPORTUNITY
28 Mynors Street presents an interesting proposition for investors seeking a property where value can potentially be added through refurbishment.
Recent sales on Mynors Street include properties achieving £99,000, £100,000 and £117,500.
For investment appraisal purposes, an indicative post-refurbishment value in the region of £95,000£100,000 could be considered, subject to the condition of the property, the quality of works undertaken and prevailing market conditions.
An indicative refurbishment budget of £15,000£20,000 could also be used for initial appraisal purposes, although buyers should undertake their own inspection and obtain independent quotations before bidding.
RENTAL POTENTIAL
The property also offers an attractive Buy-to-Let proposition.
Current rental evidence in the immediate area, including Mynors Street, indicates potential rental income in the region of £750£800 pcm, subject to the property's finished condition and the prevailing rental market at the time of letting.
This equates to potential gross annual rental income of approximately:
£9,000£9,600 per annum
LOCATION
Mynors Street is situated within an established residential area of Stoke-on-Trent, close to Hanley and its extensive range of shops, amenities, employment opportunities and transport links.
The surrounding area provides a broad range of traditional terraced housing and established rental accommodation, making this an area worthy of consideration for landlords seeking affordable investment stock.
SUMMARY
28 Mynors Street represents an attractive low-entry investment opportunity with scope to add value through refurbishment.
With a guide price starting at £52,000, established local rental demand and evidence of significantly higher sales values on the same street, the property offers investors the opportunity to create their own investment strategy rather than simply purchasing a finished property at full market value.
Guide Price: £52,000£72,000
Potential Rent: £750£800 pcm
Potential Gross Annual Rent: £9,000£9,600
Indicative Refurbishment: £15,000£20,000
Indicative End Value: £95,000£100,000
Potential Strategies: BTL BRRR Refurbish & Resell
Viewings are highly recommended.
IMPORTANT INFORMATION FOR BUYERS
The figures provided are indicative only and should not be relied upon as a guarantee of rental income, valuation, profit or investment return. The indicative refurbishment allowance is not a contractor quotation.
Buyers should carry out their own inspection and due diligence and satisfy themselves as to the property's condition, rental value, potential end value, refurbishment costs, finance costs, taxation and all other associated costs before bidding.
Buyers should also read the auction legal pack and special conditions carefully, including the applicable buyer's fees and completion requirements.
Please note: This property is sold by auction and interested parties should ensure they are fully registered and have completed all necessary due diligence before bidding.
Tenure
Freehold
Legal Pack
A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.
Auction Information.
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Brochures
Legal DocumentsOnline Bidding- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
28 Mynors Street, Stoke-on-Trent, Staffordshire, ST1 2DJ
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Visit our security centre to find out moreDisclaimer - Property reference 363734. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Town & Country Property Auctions, Crewe. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Town & Country Property Auctions, Crewe on 03301 654109.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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