2 Bed Flat, Refurb/BRRR, Huddersfield, HD7 6HL, £105,000

47 NETHERLEY DRIVE, MARSDEN, HD7 6HL - 1 views - a year ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 4%
60 m²
+8 photos

ValuationUndervalued

Sold Prices£90K - £190K
Sold Prices/m²£1.3K/m² - £2.5K/m²

 

 

Square Metres

60 m²
Price/m²£1.8K/m²

Value Estimate

£108,150
BMV3%

 

 

End Value (After Refurb)

£150,000

Uplift in Value

+43%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£26,250

Stamp Duty & Legal Fees

£4,350

Refurb Costs

£23,742

Bridging Loan Interest

£2,756

Total Cash In

£58,848

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£150,000

Agent Fees (1%)

£1,500

Bridging Loan

£78,750

Bridging Loan Interest

£2,756

Flip Profit

£10,902

Local Sold Prices

13 sold prices from £90K to £190K, average is £135K. £1.3K/m² to £2.5K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£90K05/210.01 mi45, Netherley Drive, Marsden, Huddersfield, West Yorkshire HD7 6HL2
£105K10/220.03 mi43, Netherley Drive, Marsden, Huddersfield, West Yorkshire HD7 6HL2
£148K10/210.58 mi36a, Clough Lea, Marsden, Huddersfield, West Yorkshire HD7 6DN2
£127K06/210.58 mi33, Clough Lea, Marsden, Huddersfield, West Yorkshire HD7 6DN2
£130K09/222.88 mi15, Upper Sunny Bank Mews, Meltham, Holmfirth, West Yorkshire HD9 5AA2
£142K07/212.88 mi21, Upper Sunny Bank Mews, Meltham, Holmfirth, West Yorkshire HD9 5AA2
£137K07/212.88 mi5, Upper Sunny Bank Mews, Meltham, Holmfirth, West Yorkshire HD9 5AA2
£135K10/222.88 mi23, Upper Sunny Bank Mews, Meltham, Holmfirth, West Yorkshire HD9 5AA2
£190K05/222.89 mi2, Upper Mills View, Meltham, Holmfirth, West Yorkshire HD9 5AB2
£127K12/202.93 mi76, Sunny Bank Road, Meltham, Holmfirth, West Yorkshire HD9 5LL2
£165K10/232.96 mi4, Churchwood Close, Slaithwaite, Huddersfield, West Yorkshire HD7 5AQ2
£140K06/212.98 mi3, Lower Sunny Bank Court, Meltham, Holmfirth, West Yorkshire HD9 5AE2
£98K02/212.98 mi32, Lower Sunny Bank Court, Meltham, Holmfirth, West Yorkshire HD9 5AE2

Local Rents

9 rents from £650/mo to £1.3K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£85012/240.41 mi-3
£85012/240.41 miRoyds Street, Marsden, HD73
£85002/250.56 mi-2
£85001/250.58 mi-2
£67501/250.59 mi-2
£1,30012/240.68 mi-3
£75004/240.72 miWarehouse Hill, Marsden, Huddersfield, West Yorkshire, HD72
£65012/240.94 mi-3
£1,09505/242.47 mi-2

Local Area Statistics

Population in HD7

22,497

Population in Huddersfield

200,145

Town centre distance

6.44 miles away

Nearest school

0.60 miles away

Nearest train station

0.71 miles away

 

 

Rental growth (12m)

-38%

Sales demand

Balanced market

Capital growth (5yrs)

+42%

Property History

Listed for £105,000

May 1, 2024

Floor Plans

Description

47 NETHERLEY DRIVE, MARSDEN, HD7 6HL

A purpose built ex local authority first floor flat with brick faced walls and a slated pitched roof.  The property is situated in a block of four in pleasant semi rural surroundings with garden and rural outlook to the rear.  It is in need of certain modernisation and upgrade, but offers 2 bedroomed accommodation with generous floor area.  The property is approximately ½ mile from Marsden village centre, accessible for local amenities including shops, schools, bus services and railway station.  There are pleasant rural walks close by, and the property will be of interest to first time buyers and the investment purchaser.  The accommodation comprises:-

 

GROUND FLOOR

Side external steps leading up to

 

SIDE ENTRANCE PORCH

With access into

 

SIDE LOBBY

With stairs to upper level, part pine panelled walls, pine panelled ceiling, window to side, access door leading onto

 

FIRST FLOOR

INNER LANDING AREA

With ceiling covings, trapdoor access to roof void

LIVING ROOM (14 FT 4 INCHES x 12 FT)

Fitted coal effect living flame electric fire, recess drawers, ceiling covings, wall shelving, window to front with open view

KITCHEN           (8 FT 3 INCHES x 8 FT 3 INCHES)

Medium oak fitted cupboards, drawers, wall units, single drainer single bowl sink unit with mixer tap, 4 ring electric hygiena hob, built in electric oven, plumbing for automatic washing machine, part tiled walls, window and view to rear   

BEDROOM 1     (11 FT 6 INCHES x 12 FT)

Fitted wardrobes to two sides, bedside drawers, overhead cupboards, ceiling covings, window to front with open rural view

BEDROOM 2     (9FT x 12 FT 1 INCHES)

Immersion heater and cylinder cupboard, window and rear view, ceiling covings 

BATHROOM      (4 FT 7 INCHES x 8 FT 4 INCHES )

Champagne suite with pedestal washbasin, panelled bath, REDRING SUPER instant electric shower fitting above bath, low flush wc, half and part ¾ tiled walls, ceiling covings, obscure glazed window to rear

OUTSIDE           

Shared pathway and access to side.  Pathway and sloping garden to rear in need of cultivation, but with excellent potential. 

TENURE

Leasehold (solicitor to confirm).

SERVICES

Mains sewer drainage, water and electricity are laid on.  No gas.  Electric heating.

VIEWING

Strictly by telephone appointment via Jowett Chartered Surveyors and Estate Agents.  Telephone or email  

COUNCIL TAX BAND

A

 

ENERGY BAND

DIRECTIONS

From Huddersfield proceed along the A62 Oldham/Manchester Road from the Huddersfield town centre for approximately 6 miles, bypassing Milnsbridge, Linthwaite, Slaithwaite into Marsden.  When reaching Marsden turn left into Fall Lane off the A62.  After a short distance at the mini roundabout turn right and ascend Mount Road. After approximately ¼ mile Netherley Drive will be seen off to the right.  Follow the road round to the left and No 47 will be seen on the right hand side set back off Netherley Drive in a block of four flats together.                                                                                                                                           

SOLICITORS

Eaton Smith, 14 High Street, Huddersfield, HD1 2HA.

EXTRAS

NB

Measurements given relate to width by depth taken from the front of the building for floor plan purposes. All measurements given are approximate and will be maximum where measured into chimney alcoves, bay windows and fitted bedroom furniture, unless otherwise previously stated.  None of the services or fittings and equipment have been tested and no warranties of any kind can be given.

Agent Details

Jowett Chartered Surveyors, Huddersfield

01484 627679

Next Steps?

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