Leek Road, Hanley
CR

Leek Road, Hanley

By Critchlow Estate Agents

£ 600,000

Reviews

2 out of 5 stars

Critchlow Estate Agents says ..

INVESTMENT OPPORTUNITY! Student Accomodation Development Opportunity Outline Planning for up to 119 units LAND FOR SALE Property Type Land Property Subtype Industrial Total Lot Size 0.70 AC

Property Oracle says ..

This property on Leek Road in Hanley, Stoke-on-Trent, presents a unique case. Listed at £600,000, it is described as an investment opportunity for student accommodation development. The architectural renderings show a modern structure that appears well-built, but several factors complicate a straightforward evaluation. The listing provides zero bedrooms and bathrooms making it unclear as to the functionality of the unit. The absence of land also affects the overall valuation. Considering the average property prices in the nearby streets which range significantly lower than the asking price, there’s substantial doubt whether the £600,000 price point is reasonable for the property in its current state. The potential for high returns in the future, should the student accommodation development be successful, is a significant factor to account for when viewing this investment. While the location provides a reasonable proximity to transport links and schools, more information is required to fully understand the surrounding area and its appeal. Therefore, a cautious approach is needed when considering this property, acknowledging the high potential return as well as the considerable financial risk. Further due diligence, including site visits and professional valuation, are essential before any investment decision.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
4
Condition
7
Location
6
Land
1
Bedrooms
0
Bathrooms
1
Sqft (est)
753.47

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
210,000.00 £
Increased by 54.67 %
from 135,772.00 £
Est sale value
159,735.64 £
Increased by 26.95 %
from 125,829.49 £
Average area rental value
699.00 £/mo
Decreased by 31.34 %
from 1,018.00 £/mo
Est letting value
0.00 £/mo
Decreased by 100.00 %
from 753.47 £/mo
Est rental Yield
3.99 %
Decreased by 55.67 %
from 9.00 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Critchlow Estate Agents created the listing.

Nearby Schools

NameTypeOfstedDistance
Our Lady And St Benedict Catholic AcademyAcademy ConverterRequires improvement1.04 KM
Abbey Hulton Primary SchoolAcademy Converter1.08 KM
Merit Hospital School And Medical Pupil Referral UnitPupil Referral UnitGood1.13 KM
Eaton Park AcademyAcademy ConverterGood1.26 KM
Northwood Broom AcademyAcademy Converter1.29 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Winston Place £ 000.00 KM
School Road £ 100,00000.00 KM
Marne Place £ 000.00 KM
Abbey Street £ 227,50000.00 KM
Townsend Place £ 160,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Stoke-On-Trent1314SOT3.83 KM
Longton1306LGN4.47 KM
Longport1305LPT7.28 KM

Nearby Listings

AddressPriceTypeScoreDistance
Leek Road, Hanley £ 600,000BUY4 / 100.00 KM
Leek Road, Hanley, Stoke-on-Trent £ 85,000BUY6 / 100.01 KM
Leek Road, Northwood, Stoke-on-Trent, ST1 £ 110,000BUY6 / 100.01 KM
Leek Road, Stoke-On-Trent, ST1 6AP £ 110,000BUY5 / 100.06 KM
Leek Road, Stoke-On-Trent £ 140,000BUY6 / 100.06 KM

Nearby Properties

AddressPriceDistance
940 Leek Road £ 69,5000.01 KM
978 Leek Road £ 112,0000.01 KM
988 Leek Road £ 93,0000.01 KM
970 Leek Road £ 17,5000.01 KM
972 Leek Road £ 72,0000.01 KM