3 Bed Detached House, Planning Permission, Ashbourne, DE6 5GX, £550,000

Mill Lane, Draycott In The Clay, Ashbourne, DE6 5GX - 10 months ago

Sold STC
Planning
ROI: 1%
~93 m²
+13 photos

ValuationOvervalued

Sold Prices£176K - £550K
Sold Prices/m²£1.9K/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£5.9K/m²

Value Estimate

£238,802

 

 

End Value (After Refurb)

£488,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Refurb Costs

£37,686

Bridging Loan Interest

£14,438

Total Cash In

£224,073

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£488,750

Mortgage (After Refinance)

£366,563

Mortgage LTV

75%

Cash Left In

£224,073

Equity

£122,188

Rent Range

£720 - £2,750

Rent Estimate

£2,175

Running Costs/mo

£1,982

Cashflow/mo

£193

Cashflow/yr

£2,312

ROI

1%

Gross Yield

5%

Local Sold Prices

16 sold prices from £176K to £550K, average is £279K. £1.9K/m² to £3.6K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£210K02/230 mi4, Station Cottages, Draycott In The Clay, Ashbourne, Staffordshire DE6 5GX3
£370K08/230.79 miMossland, Moreton Lane, Draycott In The Clay, Ashbourne, Staffordshire DE6 5BZ3
£229.9K10/201.12 mi8, Fountain Road, Draycott In The Clay, Ashbourne, Staffordshire DE6 5HP3
£288K02/211.15 miWoodcliffe Cottage, New Row, Draycott In The Clay, Ashbourne, Staffordshire DE6 5GZ3
£270K06/231.24 mi2, Pipehay Lane, Draycott In The Clay, Ashbourne, Staffordshire DE6 5BY3
£230K02/211.4 mi73, Stubby Lane, Draycott In The Clay, Ashbourne, Staffordshire DE6 5BU3
£209K03/241.58 mi25, Didcot Drive, Marchington, Uttoxeter, Staffordshire ST14 8LT3
£176K02/231.58 mi18, Didcot Drive, Marchington, Uttoxeter, Staffordshire ST14 8LT3
£375K11/211.87 miThe Orchard, Allens Lane, Marchington, Uttoxeter, Staffordshire ST14 8LA3
£290K02/211.87 mi54, Jacks Lane, Marchington, Uttoxeter, Staffordshire ST14 8LW3
£252K10/201.87 mi72, Jacks Lane, Marchington, Uttoxeter, Staffordshire ST14 8LW3
£308K09/211.95 miTaraway, Main Street, Scropton, Derby, Derbyshire DE65 5PN3
£550K11/202.32 miHomelands, Scropton Road, Scropton, Derby, Derbyshire DE65 5PS3
£386K11/212.88 miThe Housemartins, Heath Farm, Uttoxeter Road, Foston, Derby, Derbyshire DE65 5PX3
£320K01/232.95 mi95, Scropton Road, Hatton, Derby, Derbyshire DE65 5DT3
£227.5K02/212.97 mi40, Park Lane, Tutbury, Burton-on-trent, Staffordshire DE13 9JH3

Local Rents

5 rents from £720/mo to £2.8K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,40012/241.24 miPipehay Lane, Draycott-in-the-Clay3
£1,80012/241.57 miAshbourne, Derbyshire5
£2,75012/241.82 miRiverside Farm, Brook Lane, Scropton DE65 5PN6
£2,75012/241.95 miScropton, DERBY6
£72002/252.06 mi-2

Local Area Statistics

Population in DE6

25,599

Town centre distance

10.13 miles away

Nearest school

1 miles away

Nearest train station

3.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+194%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Listed for £550,000

June 17, 2024

Floor Plans

Description

  • Superb Barn Conversion. Wealth of Character & Features +
  • Planning Permission Granted convert Garage to annexe (ESBC P/2023/0134) +
  • Lounge Opening into Dining Room. Breakfast Kitchen +
  • Three Bedrooms. Bathroom and Shower Room +
  • Set in 1 Acre Plot (not verified). Double Garage +

SUMMARY
INTERNAL VIEWING is strongly recommended to appreciate this beautifully presented & immaculately maintained character barn conversion set in approx. 1 acre (not verified) plot with lengthy driveway & larger than average double garage with planning granted to convert to an annexe (ESBC P/2023/0134).

DESCRIPTION
Bagshaws Residential are delighted to bring to the market this beautifully presented and immaculately maintained barn conversion set amongst a peaceful development of character properties. The property itself is steeped in character and charm throughout and INTERNAL VIEWING is strongly recommended to appreciate its size, character and size of plot. Enjoying a degree of privacy, the plot extends to approximately 1 acre (not verified) with a lengthy driveway leading to a larger than average double garage with planning permission granted to convert to an annexe (ESBC Planning ref: P/2023/01341). The village of Draycott in the Clay has a restaurant and post office/shop and there are excellent transport links to the A50 with its M1 and M6 connections and also to the A38. The towns of Burton on Trent, Derby and Lichfield are within commuting distance. The market towns of Uttoxeter and Ashbourne are both within easy reach and both offer a wider range of amenities including good schools and sports and leisure facilities. Uttoxeter also benefiting from a local railway station and Uttoxeter's famous racecourse. In brief the accommodation comprises on the ground floor: reception hall, guest cloakroom, dining room opening into lounge, breakfast kitchen with the first floor accommodation comprising three well-proportioned bedrooms, separate bathroom and shower room. Seldom do properties like this become available to the market and is truly one not to be missed!

 
Access to the property is gained via:

Entrance Door: 
Leading into:

Reception Hallway: 
Having stairs to the first floor accommodation; door off to:

Lounge: 16' 3" x 15' 11" ( 4.95m x 4.85m )
With French doors to both the front and side elevations; feature Inglenook style fireplace housing a log burning stove; beams to the ceiling.

Sitting Room / Dining Room: 22' 1" max x 15' 1" ( 6.73m max x 4.60m )
With windows to the side elevation; French doors leading out to the rear garden; feature Inglenook style fireplace housing a log burning stove; beams to the ceiling; opening to:

Dining Room Area: 
Having door leading into the hallway; French doors leading out to the garden; beams to the ceiling.

Breakfast Kitchen: 17' 1" x 11' 8" ( 5.21m x 3.56m )
A fitted kitchen comprising sink and drainer set in a base unit; further base, wall and drawer units; complementary Granite work surface; integrated double oven; hob with cooker hood over; integrated dishwasher and fridge freezer; further appliance space; windows to the front and rear elevations; door leading to the rear elevation; complementary tiling; beams to the ceiling.

Guest Cloakroom: 
With low level w.c.; wash hand basin;

Stairs From Reception Hallway: 
Leading to:

First Floor Galleried Landing: 
With door off to:

Bedroom: 16' 5" x 13' 1" ( 5.00m x 3.99m )
Restricted Head Height. Having circular window to the front elevation; sky light windows; built in wardrobe.

Bedroom: 
Restricted Head Height. With windows to the rear and side elevations; built in wardrobes.

Bedroom: 11' 4" x 9' 8" ( 3.45m x 2.95m )
Restricted Head Height. With two sky light windows; built in cupboard.

Shower Room: 
Restricted Head Height. Having shower cubicle with wall mounted shower; wash hand basin set in a vanity unit; low level w.c.; sky light window; eaves storage;

Bathroom: 
Having bath with mixer taps and shower attachment; low level w.c.; feature tongue and groove wall panelling;

Double Garage: 
Planning granted to convert to an annexe (ESBC P/2023/0134).

Grounds: 
The property is set in approximately 1 acre (not verified) plot mainly laid to lawn with mature trees, patio areas, outdoor electric sockets, shrub plantings, gravel pathways and also a stream runs alongside one boundary. The lengthy driveway provides access to the property and the double garage.

Please Note: 
Photographs may have been taken using a wide angle lens. Council Tax Band F

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Bagshaws Residential, Uttoxeter

01889 227304

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