4 Bed Detached House, Cash/Bridging Only, Mossley, OL5 9JA, £399,950

Cocksfoot Drive, Mossley, OL5 9JA - 2 views - 10 months ago

Leasehold
Cash
ROI: 2%
~129 m²
+12 photos

ValuationOvervalued

Sold Prices£160K - £875K
Sold Prices/m²£1.5K/m² - £4.2K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.1K/m²

Value Estimate

£309,333

 

 

End Value (After Refurb)

£311,519

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£99,988

Stamp Duty & Legal Fees

£20,696

Refurb Costs

£54,655

Bridging Loan Interest

£10,499

Total Cash In

£187,587

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£311,519

Mortgage (After Refinance)

£233,639

Mortgage LTV

75%

Cash Left In

£187,587

Equity

£77,880

Rent Range

£800 - £3,300

Rent Estimate

£1,592

Running Costs/mo

£1,312

Cashflow/mo

£280

Cashflow/yr

£3,361

ROI

2%

Gross Yield

5%

Local Sold Prices

39 sold prices from £160K to £875K, average is £310K. £1.5K/m² to £4.2K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£235K06/210.04 mi1, Earnshaw Clough, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JD4
£160K07/230.13 mi42, Richmond Crescent, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LQ4
£180K03/210.16 mi1, Guildford Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NJ4
£325K10/220.16 mi27, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA4
£320K12/230.17 mi11, Crown Hill, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NY4
£325K10/210.22 mi60, Egmont Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NF4
£165K06/210.22 mi1, Cemetery Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PQ4
£200K04/210.28 mi31, Princess Close, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PH4
£267K10/200.42 mi38, Three Counties Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GA4
£476.5K02/210.46 mi13, Abney Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0AG4
£315K02/230.47 mi287, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AN4
£370K06/230.55 mi5, Larkwood Close, Carrbrook, Stalybridge, Greater Manchester SK15 3NL4
£350K03/230.55 mi9, Larkwood Close, Carrbrook, Stalybridge, Greater Manchester SK15 3NL4
£390K12/200.55 mi21, Stablefold, Mossley, Ashton-under-lyne, Greater Manchester OL5 0DJ4
£235K01/210.58 mi8, Moorgate Road, Carrbrook, Stalybridge, Greater Manchester SK15 3NJ4
£475K06/230.6 mi74, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AY4
£450K01/230.6 mi5, Woodmeadow Court, Mossley, Ashton-under-lyne, Greater Manchester OL5 0BQ4
£162K11/200.61 mi52, Stamford Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0BG4
£875K03/230.64 mi6, Foxwood Drive, Mossley, Ashton-under-lyne, Greater Manchester OL5 0SU4
£288K09/220.7 mi28, Meadow Close, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DS4
£532.5K11/220.7 mi1, Tamebank, Mossley, Ashton-under-lyne, Greater Manchester OL5 9BY4
£300K03/210.72 mi15, Meadow Close, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DS4
£202.5K12/200.75 mi26, Earl Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 0LT4
£310K02/230.76 mi28, Arundel Close, Carrbrook, Stalybridge, Greater Manchester SK15 3LS4
£280K10/200.76 mi31, Arundel Close, Carrbrook, Stalybridge, Greater Manchester SK15 3LS4
£240K11/230.77 mi5, Quickedge Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0PR4
£303K02/210.8 mi64, Quickedge Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0PH4
£333K12/220.81 mi18, Carrbrook Close, Carrbrook, Stalybridge, Greater Manchester SK15 3LT4
£440K11/210.82 mi17, Carrbrook Crescent, Carrbrook, Stalybridge, Greater Manchester SK15 3LP4
£375K01/230.82 mi11b, Carrbrook Crescent, Carrbrook, Stalybridge, Greater Manchester SK15 3LP4
£305K02/210.85 mi23, Roaches Way, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DZ4
£280K02/230.85 mi26, Roaches Way, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DZ4
£347.5K06/210.87 mi18, Printers Drive, Carrbrook, Stalybridge, Greater Manchester SK15 3FN4
£295K10/200.87 mi1, Printers Drive, Carrbrook, Stalybridge, Greater Manchester SK15 3FN4
£283K03/210.92 mi17, Moorlands Drive, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DB4
£310K07/230.92 mi63, Calico Crescent, Carrbrook, Stalybridge, Greater Manchester SK15 3FL4
£360K01/230.94 mi44, Calico Crescent, Carrbrook, Stalybridge, Greater Manchester SK15 3FJ4
£380K11/230.95 mi16, Spring Mill Drive, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GG4
£380K11/220.95 mi34, Spring Mill Drive, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GG4

Local Rents

20 rents from £800/mo to £3.3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,35011/240.08 mi-4
£85009/240.13 miKing Street, OL53
£3,30006/240.15 mi-3
£3,30006/240.15 mi-3
£3,30009/240.15 mi-3
£2,00005/240.19 mi-4
£2,00006/240.19 mi-4
£2,00008/240.19 mi-4
£1,99510/240.19 mi-4
£1,50002/250.19 mi-4
£2,00006/240.19 miMicklehurst Road, Mossley, Ashton-Under-Lyne, OL54
£1,40003/250.2 mi-3
£1,50003/250.2 mi-4
£95010/230.26 mi-4
£1,05003/250.27 mi-3
£1,00006/240.43 mi-3
£95009/230.55 mi-3
£95010/240.58 mi-3
£80006/240.58 mi-3
£95002/240.59 mi-3

Local Area Statistics

Population in OL5

10,957

Town centre distance

0.39 miles away

Nearest school

0.10 miles away

Nearest train station

0.44 miles away

 

 

Rental growth (12m)

+49%

Sales demand

Balanced market

Capital growth (5yrs)

+44%

Property History

Listed for £399,950

June 14, 2024

Floor Plans

Description

  • Four Bedrooms +
  • Three Bathrooms +
  • Driveway & Garage +
  • Well Presented +
  • Enclosed Rear Garden +
  • Viewing Essential! +

This four-bedroom detached property is situated in a desirable modern development in Mossley, offering a blend of contemporary living and proximity to essential amenities.
The ground floor welcomes you with an entrance hall leading to a spacious lounge, perfect for relaxation and entertaining. The well-appointed kitchen/diner, equipped with modern fittings, features French doors that open to a beautifully maintained rear garden, ideal for outdoor dining and family activities. A convenient downstairs WC completes the ground floor layout.
Upstairs, the property boasts four generously sized bedrooms, providing ample space for a growing family or guests. Two of the bedrooms benefit from en-suite bathrooms, offering privacy and convenience, while the remaining bedrooms share a stylish family bathroom.
Externally, the property impresses with a lawned garden at the front, complemented by a driveway that provides access to the integral garage with utility area, ensuring ample parking and storage space. The rear garden is a private oasis, enclosed and mainly laid to lawn, offering a safe and serene environment for children to play and adults to unwind.

Adding to its appeal, the property benefits from 16 solar panels installed in March 2015, enhancing energy efficiency and reducing utility costs.

Nestled close to local amenities, this home is within easy reach of transport links, making commuting straightforward. Additionally, the nearby Stamford Golf Club and open countryside provide excellent recreational opportunities, enhancing the appeal of this exceptional family home. Viewing Highly Recommended

Ground Floor -

Entrance Hall - Door to front, radiator, stairs leading to first floor, doors leading to:

Wc - Double glazed window to front, two piece suite comprising, pedestal wash hand basin and low-level WC, radiator.

Lounge - 4.76m x 3.45m (15'7" x 11'4") - Double glazed window to front, radiator.

Kitchen/Dining Room - 3.10m x 5.65m (10'2" x 18'6") - Fitted with a matching range of base and eye level units with worktop space over, inset sink and drainer with mixer tap, tiled splashbacks, integrated fridge/freezer, integrated dishwasher, built-in eye level oven, built-in hob with extractor hood over, three double glazed windows to rear, double radiator, double glazed French doors leading out to rear garden, door leading to garage.

First Floor -

Landing - Loft access, doors leading to:

Bedroom 1 - 2.89m x 4.63m (9'6" x 15'2") - Double glazed window to front, radiator, built-in wardrobes, door leading to:

En-Suite Shower Room - Three piece suite comprising tiled shower enclosure, pedestal wash hand basin and low-level WC, double glazed window to front, radiator.

Bedroom 2 - 3.43m x 2.88m (11'3" x 9'5") - Double glazed window to rear, radiator, built-in wardrobes, door leading to:

En-Suite Shower Room - Three piece suite comprising tiled shower enclosure, pedestal wash hand basin and low-level WC, double glazed window to rear, radiator.

Bedroom 3 - 3.20m x 3.45m (10'6" x 11'4") - Double glazed window to rear, radiator, built-in wardrobes.

Bedroom 4 - 2.13m x 2.10m (6'11" x 6'10") - Double glazed window to front, radiator.

Bathroom - 1.67m x 3.45m (5'6" x 11'4") - Three piece suite comprising bath, pedestal wash hand basin and low-level WC, part tiled walls, double glazed window to side, radiator.

Outside - Lawned garden to the front with driveway leading to the integral garage. Enclosed well maintained garden to the rear mainly laid to lawn.

Garage - 5.26m x 2.88m (17'3" x 9'5") - Up and over door, door leading out to rear, utility area with plumbing for washing machine.

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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