2 Bed Flat, Single Let, Buxton, SK17 6BX, £120,000

Spring Gardens, Buxton, SK17 6BX - 2 views - 9 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+3 photos

ValuationOvervalued

Sold Prices£60K - £255K
Sold Prices/m²£1.1K/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£115,442

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Total Cash In

£34,800

 

 

Cash Out

 

Rent Range

£625 - £1,150

Rent Estimate

£695

Running Costs/mo

£534

Cashflow/mo

£161

Cashflow/yr

£1,932

ROI

6%

Gross Yield

7%

Local Sold Prices

21 sold prices from £60K to £255K, average is £150K. £1.1K/m² to £2.4K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£110K05/230.27 mi22, Gretton Road, Buxton, Derbyshire SK17 7PW2
£130K06/210.28 mi7, Otter Court, Buxton, Derbyshire SK17 6ZD2
£145K08/200.28 mi5, Darwin Avenue, Buxton, Derbyshire SK17 6NF2
£255K12/220.29 miFlat 2, Kinnesswood, Palace Road, Buxton, Derbyshire SK17 6AF2
£145K06/210.35 mi1a, Market Street, Buxton, Derbyshire SK17 6JY2
£100K10/210.46 mi28c, High Street, Buxton, Derbyshire SK17 6EU2
£126.5K03/230.47 mi28c, High Street, Buxton, Derbyshire SK17 6EU2
£185K05/210.48 miFlat 6, Devonshire Hall, Devonshire Road, Buxton, Derbyshire SK17 6GR2
£230K01/230.49 miFlat 12, Heathfield Gardens, Park Road, Buxton, Derbyshire SK17 6TN2
£145K11/210.52 mi6, Corbar Road, Buxton, Derbyshire SK17 6RQ2
£60K01/210.53 mi6, Bakewell Court, Buxton, Derbyshire SK17 7TX2
£75K03/230.53 mi17, Bakewell Court, Buxton, Derbyshire SK17 7TX2
£255K09/220.55 mi17c, Broad Walk, Buxton, Derbyshire SK17 6JR2
£142.5K09/210.59 mi7b, Bath Road, Buxton, Derbyshire SK17 6HH2
£248K12/220.61 miFlat 6, Heathfield Gardens, Park Road, Buxton, Derbyshire SK17 6TN2
£210K05/210.61 miFlat 8, Heathfield Gardens, Park Road, Buxton, Derbyshire SK17 6TN2
£215K12/200.61 miFlat 14, Heathfield Gardens, Park Road, Buxton, Derbyshire SK17 6TN2
£210K05/210.61 miFlat 3, Heathfield Gardens, Park Road, Buxton, Derbyshire SK17 6TN2
£240K10/210.68 miApartment 1, Southwood, St Johns Road, Buxton, Derbyshire SK17 6TL2
£190K11/210.8 miFlat 18, Temple Court, Temple Road, Buxton, Derbyshire SK17 9BA2
£150K10/200.8 miFlat 16, Temple Court, Temple Road, Buxton, Derbyshire SK17 9BA2

Local Rents

28 rents from £625/mo to £1.1K/mo, average is £785/mo.

RentDateDistanceAddressBeds 
£85009/240.13 miMidland Terrace; Buxton. SK172
£70011/240.14 mi-2
£75009/240.15 miLightwood Road, Buxton2
£79508/240.16 mi-2
£80012/240.16 mi-2
£82005/240.18 mi-2
£1,00008/240.24 mi6 The Quadrant, Buxton, Derbyshire, SK172
£1,15008/240.24 mi3a The Quadrant, Buxton, Derbyshire, SK172
£1,00009/240.24 mi6 The Quadrant, Buxton, Derbyshire, SK172
£79511/230.25 miSilverlands Park, Buxton, Derbyshire, SK172
£89506/240.27 mi-2
£89509/240.36 miNunsfield Road, Buxton2
£62501/250.37 mi-2
£65001/250.37 mi-2
£69509/240.4 miSouth Mews, Buxton2
£75008/240.43 miHigh Street, Buxton, Derbyshire, SK172
£87506/240.48 mi-2
£75009/240.48 mi-2
£87512/240.49 mi-2
£87512/240.49 mi-2
£70008/240.51 miBakewell Court, Buxton2
£69508/240.57 mi-2
£69508/240.57 miBath Road, Buxton, SK172
£74508/240.58 miBath Road, Buxton2
£75008/240.61 mi-2
£85009/240.61 mi-2
£77511/240.61 mi-2
£75011/240.61 mi-2

Local Area Statistics

Population in SK17

31,870

Population in Buxton

31,910

Town centre distance

0.37 miles away

Nearest school

0.20 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+17%

Sales demand

Buyer's market

Capital growth (5yrs)

+24%

Property History

Listed for £120,000

March 22, 2024

Floor Plans

Description

  • CENTRAL LOCATION +
  • FIRST FLOOR FLAT +
  • TWO BEDROOMS +
  • EACH WITH EN-SUITE SHOWER ROOMS +
  • SPACIOUS LIVING ROOM +
  • EXCELLENT OPPORTUNITY +

Offering a CENTRAL LOCATION, this two-bedroom FIRST FLOOR flat comprises a spacious living room with a bay window, a fitted kitchen, and two bedrooms, each with en-suite shower rooms. The property presents an EXCELLENT OPPORTUNITY for first-time buyers or investors looking to let.

Communal Hallway - UPVC external door and stairs leading to the flat.

Living Room - 5.87m x 4.17m (max) (19'3 x 13'8 (max)) - UPVC double-glazed bay window and two radiators.

Kitchen - 3.43m x 1.42m (11'3 x 4'8) - UPVC double glazed window, fitted wall and base units, four-ring electric hob and oven with a stainless steel extractor fan over, sink and drainer with a mixer tap, plumbing for a washing machine, radiator, and tiled flooring.

Bedroom One - 3.38m x 2.69m (11'1 x 8'10) - UPVC double glazed window and a radiator.

En-Suite - UPVC double glazed window, corner shower cubicle with a wall mounted shower fitting, pedestal washbasin with a mixer tap, WC with a push flush, ladder style radiator, partially tiled walls, and tiled flooring.

Bedroom Two - 3.45m x 2.39m (11'4 x 7'10) - UPVC double glazed window and a radiator.

En-Suite - Shower cubicle with a wall mounted shower fitting, pedestal washbasin with a mixer tap, WC with a push flush, partially tiled walls, and tiled flooring.

Notes - The property is believed to be leasehold, subject to solicitor verification.
Lease Information: We are advised that the lease 999 years from August 1992
Council Tax Band: A
EPC Rating: TBC

Agent Details

Wright Marshall Estate Agents, Buxton

01298 608421

Next Steps?

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