Transport
Stoke-on-Trent, Station Rd is just a 5 min drive or approximately 1.2 miles taking Avenue road.
Warrington Road Project
Refurbishment of a 2-bedroom house into a Serviced Accommodation.
Value Uplift
A back-to-brick refurb was needed for this property, but we've achieved a 49% capital uplift after the refurbishment, compared to the discounted purchase price, which is worth all of the efforts.
Works Carried Out
It was a complete back-to-brick refurb, converting the 2-bedroom house into a 3-bedroom house with an ensuite added to one of the bedrooms.
Refurb Time
3 Months.
Background
The 2-bedroom property was in a poor state and unmortgageable. Therefore, a cash purchase was the only way to buy this property. Bought at a discounted price, the conversion of a living room to an extra bedroom has allowed the property to generate more income. Since the property is located close to the university and not far from the Hanley town centre, it benefits from multiple investment strategies, depending on the target market.
The Area
This property is in Stoke-on-Trent, a city in Staffordshire, England. It's part of the urban area known as The Potteries.
Amenities
Being in Stoke-on-Trent, you are near some pottery-related attractions or industries, given the city's history. Urban amenities like shops, restaurants, and services are likely in the vicinity. A well-known university, Staffordshire University, is only a minute away.