2 Bed Terraced House, Refurb/BRRR, Mossley, OL5 9JN, £150,000

Mansfield Road, Mossley, OL5 9JN - a year ago

Sold STC
Cash
Refurb/BRRR
ROI: 2%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£57.6K - £272.5K
Sold Prices/m²£1.2K/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£137,239

 

 

End Value (After Refurb)

£157,939

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£28,800

Bridging Loan Interest

£3,938

Total Cash In

£77,688

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£157,939

Mortgage (After Refinance)

£118,454

Mortgage LTV

75%

Cash Released

£5,954

Cash Left In

£71,734

Equity

£39,485

Rent Range

£550 - £1,245

Rent Estimate

£804

Running Costs/mo

£674

Cashflow/mo

£130

Cashflow/yr

£1,556

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £57.6K to £272.5K, average is £150.8K. £1.2K/m² to £3.9K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£142K06/210.06 mi11, Andrews Buildings, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JH2
£225K10/220.1 mi11, Marle Rise, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LJ2
£112K05/210.12 mi59, Micklehurst Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JF2
£140K03/210.12 mi49, Micklehurst Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JF2
£140K02/210.12 mi37, Micklehurst Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JF2
£127K06/220.16 mi62, Winterford Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9EQ2
£210K06/220.17 mi10, Richmond Crescent, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LQ2
£176K02/230.21 mi32, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£80K07/210.22 mi35, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£147K01/240.22 mi28, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£160K02/230.22 mi10, Derby Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NU2
£117K10/200.23 mi57, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PE2
£129K12/200.23 mi14, Tabley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PD2
£160K05/230.23 mi10, Tabley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PD2
£160K03/210.24 mi32, King Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9HX2
£145K06/210.24 mi26, King Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9HX2
£125K10/200.26 mi28, Denbigh Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PB2
£175K05/230.26 mi24, Denbigh Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PB2
£57.6K02/230.27 mi33, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£144K12/200.27 mi21, Brunswick Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NX2
£151.5K07/210.27 mi49, Brunswick Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NX2
£140K01/210.27 mi47, Brunswick Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NX2
£165K07/230.29 mi16, The Uplands, Mossley, Ashton-under-lyne, Greater Manchester OL5 9EZ2
£240K07/220.29 mi37, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£170K11/200.29 mi8, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£235K11/220.29 mi8, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£232K12/220.31 mi26, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£272.5K09/220.32 mi99, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PL2
£165K08/230.33 mi71, Station Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9EB2
£130K04/210.33 mi55, Station Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9EB2
£156.5K04/240.33 mi51, Cheshire Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NW2
£150K09/230.33 mi11, Cemetery Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PQ2
£175K12/230.36 mi5, Audley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NQ2
£178.8K07/230.36 mi26, Queensway, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PA2
£144K01/210.37 mi5, Audley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NQ2
£148.5K02/210.49 mi72, Bury Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9HN2
£135K10/200.52 mi315, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AT2
£177K06/230.52 mi315, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AT2
£180K11/220.53 mi325, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AY2
£245K12/220.53 mi283, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AN2
£167.5K05/210.53 mi121, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AA2
£135K01/210.53 mi279, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AN2
£185K12/220.53 mi227, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AN2
£146K05/210.54 mi2, Stanhope Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LX2
£152K08/230.54 mi16, Stanhope Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LX2
£125K08/230.55 mi53, Egmont Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NB2
£142K03/240.55 mi27, Egmont Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NB2
£202K03/230.56 mi101, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LU2
£117K03/230.56 mi3, Higher Newtons, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AZ2
£127.5K11/200.56 mi1, Bury Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9ND2

Local Rents

18 rents from £550/mo to £1.2K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£55010/240.17 mi-2
£75006/240.2 mi-2
£85002/250.2 mi-2
£75006/240.21 mi-2
£69507/240.21 mi-2
£75006/240.22 mi-2
£82511/230.23 mi-2
£72512/230.23 mi-2
£79511/240.23 mi-2
£79512/230.36 mi-2
£79512/230.36 mi-2
£80006/240.43 miBorder Mill Fold, Mossley, Ashton-under-Lyne, Greater Manchester, OL52
£85008/240.43 miWaggon Road, Mossley, Ashton-Under-Lyne, OL52
£85006/240.44 miWaggon Road, Ashton-under-lyne, OL52
£80011/230.46 mi-2
£82501/250.46 mi-2
£79502/240.54 mi-2
£1,24503/240.57 miStamford Road, OL52

Local Area Statistics

Population in OL5

10,957

Town centre distance

0.49 miles away

Nearest school

0.10 miles away

Nearest train station

0.56 miles away

 

 

Rental growth (12m)

+49%

Sales demand

Balanced market

Capital growth (5yrs)

+44%

Property History

Listed for £150,000

February 8, 2024

Floor Plans

Description

  • Double Fronted +
  • Short Walk From Bottom Mossley +
  • Garden Fronted +
  • Driveway +
  • Communal Garden To Rear +
  • Viewing Highly Recommended +

Home Estate Agents are delighted to offer for sale this charming two-bedroom double-fronted property, presenting a unique opportunity for those seeking a project in the sought-after area. This home, though in need of modernisation, boasts immense potential and promises a blank canvas for the imaginative buyer.
Situated just a short walk from the picturesque Bottom Mossley, this property offers a tranquil retreat while maintaining convenient access to essential amenities and transport links. The front of the house features a paved garden, providing a welcoming and low-maintenance outdoor space. The added convenience of a driveway ensures hassle-free parking and benefits from a lean-to carport offering covered parking or a versatile space.
Perfectly positioned for those who appreciate the outdoors, the residence is conveniently located for quick access to open countryside. Whether it's a leisurely stroll or an adventurous hike, the surrounding natural beauty is within reach, offering a perfect balance between rural tranquility and urban convenience.
Don't miss the chance to transform this property into a stylish and comfortable retreat.

In brief the accommodation comprises of: Entrance hall, lounge and kitchen/diner to the ground floor. Two bedrooms and shower room to the first floor. Garden fronted, gated off road parking with covered lean-to carport.

Ground Floor -

Entrance Hall - Door to front, doors to:

Lounge - 3.68m x 4.73m (12'1" x 15'6") - Double glazed window to side, double glazed window to front, feature fireplace, radiator.

Kitchen/Diner - 3.68m x 5.49m (12'1" x 18'0") - Fitted with a matching range of base and eye level units with worktop space over, inset sink and drainer with mixer tap, tiled splashbacks, plumbing for washing machine, space for fridge/freezer, built-in oven, built-in hob with extractor hood over, double glazed window to front, radiator, stairs to first floor, door to storage cupboard.

First Floor -

Landing - Doors to:

Bedroom 1 - 3.68m x 3.66m (12'1" x 12'0") - Double glazed window to side, double glazed window to front, radiator, door to storage cupboard.

Bedroom 2 - 3.66m x 4.70m (12'0" x 15'5") - Double glazed window to side, double glazed window to front, radiator.

Shower Room - 1.85m x 1.74m (6'1" x 5'9") - Three piece suite comprising tiles shower enclosure, pedestal wash hand basin and low-level WC, double glazed window to front, heated towel rail.

Outside - Gated access to the front with paved garden, gated access to driveway providing off road parking with lean-to carport. Brick built outbuilding and communal garden to the rear.

Disclaimer - Home Estate Agents believe all the particulars given to be accurate. They have not tested or inspected any equipment, apparatus, fixtures or fittings and cannot, therefore, offer any proof or confirmation as to their condition or fitness for purpose thereof. The purchaser is advised to obtain the necessary verification from the solicitor or the surveyor. All measurements given are approximate and for guide purposes only and should not be relied upon as accurate for the purpose of buying fixtures, floor-coverings, etc. The buyer should satisfy him/her self of all measurements prior to purchase.

Before we can accept an offer for any property we will need certain information from you which will enable us to qualify your offer. If you are making a cash offer which is not dependent upon the sale of another property we will require proof of funds. You should be advised that any approach to a bank, building society or solicitor before we have qualified your offer may result in legal or survey fees being lost. In addition, any delay may result in the property being offered to someone else.

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Agent Details

Home Estate Agents Ltd, Stalybridge

0161 524 4847

Next Steps?

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