4 Bed Detached House, Refurb/BRRR, Ashbourne, DE6 1BS, £320,000

11 Weaver Close, Ashbourne, DE6 1BS - 9 months ago

Refurb/BRRR
140 m²
+7 photos

ValuationFair Value

Sold Prices£185K - £665K
Sold Prices/m²£1.6K/m² - £4.1K/m²

 

 

Square Metres

140 m²
Price/m²£2.3K/m²

Value Estimate

£320,000

 

 

End Value (After Refurb)

£395,076

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£80,000

Stamp Duty & Legal Fees

£23,200

Refurb Costs

£56,731

Bridging Loan Interest

£8,400

Total Cash In

£170,081

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£395,076

Mortgage (After Refinance)

£296,307

Mortgage LTV

75%

Cash Released

£56,307

Cash Left In

£113,774

Equity

£98,769

Rent Range

£550 - £3,500

Rent Estimate

£960

Running Costs/mo

£1,447

Cashflow/mo

£-487

Cashflow/yr

£-5,839

Gross Yield

4%

Local Sold Prices

37 sold prices from £185K to £665K, average is £360K. £1.6K/m² to £4.1K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£330K11/200.13 mi18, Thorpe View, Ashbourne, Derbyshire DE6 1SY4
£465K07/230.14 mi10, Duncombe Drive, Ashbourne, Derbyshire DE6 1LJ4
£390K05/230.14 mi6, Duncombe Drive, Ashbourne, Derbyshire DE6 1LJ4
£217.5K04/210.2 mi8, Maple Drive, Ashbourne, Derbyshire DE6 1HU4
£310K07/210.2 mi7, Hambleton Close, Ashbourne, Derbyshire DE6 1NG4
£437.5K06/230.26 mi5, Premier Avenue, Ashbourne, Derbyshire DE6 1LH4
£220K12/200.27 mi26, Cedar Close, Ashbourne, Derbyshire DE6 1FJ4
£367.5K01/210.34 mi83, Belper Road, Ashbourne, Derbyshire DE6 1BD4
£497.5K02/210.36 miThe Chantry, Derby Road, Ashbourne, Derbyshire DE6 1BE4
£263K06/210.38 mi50, St Oswalds Crescent, Ashbourne, Derbyshire DE6 1FS4
£256.3K04/210.4 mi8, Dovedale Avenue, Ashbourne, Derbyshire DE6 1FT4
£285K10/220.41 mi18, Taylor Court, Ashbourne, Derbyshire DE6 1BZ4
£185K11/200.41 mi32, Taylor Court, Ashbourne, Derbyshire DE6 1BZ4
£235K01/230.41 mi32, Taylor Court, Ashbourne, Derbyshire DE6 1BZ4
£320K12/200.43 mi17, Lodge Farm Chase, Ashbourne, Derbyshire DE6 1GY4
£360K04/210.43 mi23, Lodge Farm Chase, Ashbourne, Derbyshire DE6 1GY4
£380K05/230.43 mi25, Lodge Farm Chase, Ashbourne, Derbyshire DE6 1GY4
£238K12/200.44 mi11, Thornley Place, Ashbourne, Derbyshire DE6 1PQ4
£363K01/230.47 mi7, Margery Close, Ashbourne, Derbyshire DE6 1GZ4
£315K01/210.53 mi8, Clifton Road, Ashbourne, Derbyshire DE6 1DR4
£490K05/210.58 miThe Coach House, 2, Coachmans Close, Ashbourne, Derbyshire DE6 1AW4
£300K01/210.73 mi13, King Street, Ashbourne, Derbyshire DE6 1EA4
£228K01/210.75 mi18, Boothby Avenue, Ashbourne, Derbyshire DE6 1EL4
£475K04/210.78 mi12, The Green Road, Ashbourne, Derbyshire DE6 1ED4
£280K08/210.78 mi34, The Green Road, Ashbourne, Derbyshire DE6 1ED4
£415K05/210.78 mi1, The Green Road, Ashbourne, Derbyshire DE6 1ED4
£625K02/210.8 miOrchard Dales, North Avenue, Ashbourne, Derbyshire DE6 1EZ4
£257.5K11/210.83 mi15, Auction Close, Ashbourne, Derbyshire DE6 1GQ4
£287K07/230.83 mi32, Auction Close, Ashbourne, Derbyshire DE6 1GQ4
£665K12/220.87 mi4, Windmill Lane, Ashbourne, Derbyshire DE6 1EY4
£555K12/200.91 mi61, The Green Road, Ashbourne, Derbyshire DE6 1EE4
£425K01/210.94 mi14, Windmill Lane, Ashbourne, Derbyshire DE6 1EY4
£590K04/230.96 mi11, Hillside Avenue, Ashbourne, Derbyshire DE6 1EG4
£595K12/220.96 mi15, Hillside Avenue, Ashbourne, Derbyshire DE6 1EG4
£338K08/210.98 mi37, Greenway, Ashbourne, Derbyshire DE6 1EF4
£402K12/220.98 mi31, Greenway, Ashbourne, Derbyshire DE6 1EF4
£390K11/200.99 mi7, Windsor Close, Ashbourne, Derbyshire DE6 1RJ4

Local Rents

36 rents from £550/mo to £3.5K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£90012/240.08 mi-3
£59512/240.24 miSellers Yard, Derby Road, Ashbourne3
£89512/240.34 miBelper Road, Ashbourne, Derbyshire3
£87512/240.36 miBarton Drive, ASHBOURNE, Derbyshire, DE62
£2,30012/240.36 miDerby Road, Ashbourne, Derbyshire, DE65
£82512/240.41 miTaylor Court, Sturston Road, Ashbourne2
£72512/240.41 miThe Plough, Old Hill, Ashbourne, Derbyshire2
£79512/240.41 miTaylor Court, Ashbourne, Derbyshire, DE62
£85012/240.44 miCompton, Ashbourne DE6 1DA2
£97512/240.48 miCherry Tree Court, North Leys, Ashbourne DE6 1DQ3
£1,20012/240.52 miKing Edward Street, Ashbourne DE6 1BW2
£92512/240.53 miKing Edward Street, Ashbourne DE6 1BW1
£60412/240.53 miLathkill Drive, ASHBOURNE2
£55012/240.54 miShawcroft, Ashbourne1
£85012/240.63 miSt. John Street, Ashbourne2
£90012/240.63 miSt. John Street, Ashbourne2
£77512/240.63 miSt. John Street, Ashbourne2
£70012/240.63 miSt. John Street, Ashbourne1
£72502/240.63 mi-3
£69512/240.63 miBernard Gadsby Close, Ashbourne2
£95012/240.66 miThe Hayloft, Old Boothby Farm, Ashbourne3
£1,10002/240.67 mi-2
£79512/240.68 miQueen Elizabeth Court, Belle Vue Road, Ashbourne2
£55012/240.71 miTown Hall Yard, Ashbourne, Derbyshire1
£88012/240.71 miKing Street, Ashbourne DE6 1EA2
£90012/240.91 miThe Green Road, Ashbourne3
£83512/240.98 miSt. Monicas Way, Tissington Court, Windmill Lane, Ashbourne, Derbyshire, DE62
£95012/241 miOld Boothby Farm, The Green Road, Ashbourne DE6 1EE3
£3,50012/241.32 miPool Close Farm, Sandybrook, Ashbourne, DE66
£1,00012/241.34 miYeldersley, Ashbourne3
£72512/241.79 miMayfield Avenue, Mayfield, Ashbourne DE63
£87512/242.12 miOrchard Lane,Wyaston, Ashboure DE62
£87512/242.12 miOrchard Lane, Wyaston, ASHBOURNE2
£97512/242.12 miOrchard Lane, Wyaston, Ashbourne, Derbyshire, DE63
£1,10004/252.19 mi-2
£87512/242.48 miChurch Road, Snelston2

Local Area Statistics

Population in DE6

25,599

Town centre distance

0.47 miles away

Nearest school

0.10 miles away

Nearest train station

9.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+194%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Price changed to £320,000

December 4, 2024

Price changed to £330,000

September 25, 2024

Listed for £345,000

July 8, 2024

Floor Plans

Description

  • Pleasant Cul-de-Sac Setting +
  • Immediate Vacant Possession +
  • Popular Residential Location +
  • Ideal for Modernisation & Refurbishment +
  • Close to Local Amenities +
  • Two Reception Rooms +
  • Extensive UPVC Double Glazing +
  • Four Bedrooms +
  • EPC D, Council Tax Band E +
  • Double Garage & Mature Gardens +

A SPACIOUS, FOUR-BEDROOMED, DETACHED FAMILY HOME, enjoying a pleasant cul-de-sac setting on the fringe of the sought-after Market Town of Ashbourne, with open space to the rear. The property benefits from IMMEDIATE VACANT POSSESSION, and offers an excellent opportunity for modernisation and refurbishment to individual taste and design. The property has extensive UPVC double glazing, and warm-air ducted heating, and briefly comprises: -

GROUND FLOOR, canopy Entrance Porch, Reception Hall, Cloaks/WC, generous Lounge, separate Dining Room, Breakfast Kitchen, side Porch, and Boiler Room. FIRST FLOOR, landing, Four well-proportioned Bedrooms, and Family Bathroom. OUTSIDE, attached Double Garage, driveway parking, and mature front and rear gardens. EPC D, Council Tax Band E.

The Property - A spacious detached Family Home, ideal for a scheme of modernisation and refurbishment. The property has the added benefit of being available with immediate vacant possession, and comprises; canopy entrance porch, reception hall, cloaks/WC, two reception rooms, breakfast kitchen, side porch, boiler room, four bedrooms, bathroom, double garage, driveway parking, and gardens to the front and rear.

Location - The property is situated on the fringe of the sought-after Market Town of Ashbourne, which is well served by a comprehensive range of amenities to include highly regarded primary and secondary schools, and is within commuting distance of the City of Derby. Ashbourne is known as 'the Gateway to Dovedale', and as a result is within easy driving distance of the Peak District and spectacular countryside.

Directions - When leaving Derby city centre by vehicle, proceed along the A52 Ashbourne Road, continuing through Kirk Langley and Brailsford, then on entering Ashbourne turn left before Prestons Garage into Old Derby Road, and after approximately 0.5-miles turn left into Weaver Close to find the property on the right-hand side.

Viewings - Strictly by prior appointment with the Sole Agents, Gadsby Nichols. REF: R13398.

Accommodation - Having the benefit of extensive UPVC double glazing, and warm-air ducted heating, the detailed accommodation comprises: -

Ground Floor -

Canopy Entrance Porch - Having hardwood leaded-light glazed front door opening to the: -

Reception Hall - Having central heating duct, stairs to the first floor, and built-in cloaks cupboard.

Cloaks/Wc - Having suite comprising; low-level WC, and wash hand basin, together with part-tiled walls.

Lounge - 6.83m x 3.63m (22'5" x 11'11") - Having Adam-style fire surround with marble hearth and backplate, and fitted 'living flame' coal gas fire (NOT TESTED), UPVC double glazed windows to the front and rear, two central heating ducts, and wide square arch to the: -

Dining Room - 3.48m x 3.28m (11'5" x 10'9") - Having central heating duct, parquet wood flooring, and hardwood aluminium double glazed sliding patio doors to the rear garden.

Breakfast Kitchen - 3.61m x 3.30m (11'10" x 10'10") - Having cream fitments comprising; one double corner base unit, five single base units, drawers, larder unit, four single wall units, and one double wall unit with glazed doors for display purposes, together with work surface areas, stainless steel sink unit with single drainer, central heating duct, and UPVC double glazed window to the rear.

Side Porch - Having part-exposed brick walling, useful internal access door to the garage, and hardwood aluminium double glazed sliding patio doors to the side.

Boiler Room - Housing a Johnson & Starley gas-fired boiler providing warm-air ducted heating, and domestic hot water.

First Floor -

Landing - Having two UPC double glazed windows to the front, built-in cupboard, and built-in airing cupboard housing the hot water cylinder.

Bedroom One - 4.55m x 3.63m (14'11" x 11'11") - Having range of fitted wardrobes, central heating duct, and UPVC double glazed window.

Rear Bedroom Two - 3.48m x 3.33m (11'5" x 10'11") - Having fitted double wardrobe, UPVC double glazed window, and central heating duct.

Rear Bedroom Three - 3.61m x 3.33m (11'10" x 10'11") - Having UPVC double glazed window, and central heating duct.

Front Bedroom Four - 3.61m x 2.21m (11'10" x 7'3") - Having UPVC double glazed window, and central heating duct.

Family Bathroom - 2.67m x 1.88m max (8'9" x 6'2" max) - Having suite comprising; low-level WC, pedestal wash hand basin, panelled bath, and corner shower cubicle with shower unit, together with part-tiled walls, and UPVC double glazed window.

Outside -

Deep Front Garden - Having lawns, shrub borders, and tarmacadam driveway affording car standing space and leading to the: -

Attached Double Garage - 5.16m x 4.98m (16'11" x 16'4") - Having up-and-over door, useful internal access door, and electric power and light.

Wide Rear Garden - Laid mainly to paving and gravel for easy maintenance, and is enclosed by fencing for privacy.

Additional Information -

Tenure - We understand the property is held freehold, with vacant possession provided upon completion.

Do You Need A Survey? - If you are not buying one of our properties, but need a valuation, please contact our offices for further information and advice on . We offer a range of surveys and valuations to cover all house types.

Anti-Money Laundering (Aml) Regulations - In accordance with AML Regulations, it is our duty to verify all Clients, at the start of any matter, before accepting instructions to market their property.

We cannot market a property before carrying out the relevant checks, and in the case of Probate, we must verify the identity of all Executors, if there are more than one.

In order to carry out the identity checks, we will need to request the following: -
a)Proof of Identity – we will also need to verify this information by having sight of photographic ID. This can be in the form of a photographic driving license, passport, or national identity card;
b)Proof of Address – we will need to verify this information by having sight of a utility bill, bank statement, or similar. A mobile phone bill, or marketing mail will not be acceptable.

Please supply the above as a matter of urgency, so that we may commence marketing with immediate effect.

Ref: R13398 -

Agent Details

Gadsby Nichols, Derby

01332 215072

Next Steps?

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