3 Bed Terraced House, Refurb/BRRR, Ashton-under-Lyne, OL6 9RJ, £190,000

110 Darnton Road, Ashton-under-lyne, Greater Manchester, OL6 9RJ - 9 views - 9 months ago

Refurb/BRRR

ROI: 5%

76 m²

+4 photos

ValuationOvervalued

Sold Prices	£80K - £338K
Sold Prices/m²	£1.6K/m² - £3.6K/m²

Square Metres	76 m²
Price/m²	£2.5K/m²
Value Estimate	£164,011£164,011

End Value (After Refurb)	£171,000£171,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£47,500£47,500
Stamp Duty & Legal Fees	£7,200£7,200
Refurb Costs	£32,221£32,221
Bridging Loan Interest	£4,988£4,988
Total Cash In	£93,659£93,659

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£171,000£171,000
Mortgage (After Refinance)	£128,250£128,250
Mortgage LTV	75%75%
Cash Left In	£93,659£93,659
Equity	£42,750£42,750
Rent Range	£950 - £3,100£950 - £3,100
Rent Estimate	£1,188
Running Costs/mo	£792£792
Cashflow/mo	£396£396
Cashflow/yr	£4,752£4,752
ROI	5%5%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £80K to £338K, average is £205K. £1.6K/m² to £3.6K/m², average is £2.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£150K	11/21	0.05 mi	39, Witham Street, Ashton-under-lyne, Greater Manchester OL6 9RN	-	-	3	Semi-Detached House
£160K	04/21	0.05 mi	44, Witham Street, Ashton-under-lyne, Greater Manchester OL6 9RN	£1,860	86	3	Semi-Detached House
£145K	02/21	0.05 mi	22, Witham Street, Ashton-under-lyne, Greater Manchester OL6 9RN	-	-	3	Semi-Detached House
£120K	11/23	0.06 mi	122, Montague Road, Ashton-under-lyne, Greater Manchester OL6 6QA	£1,572	76	3	Semi-Detached House
£215K	02/23	0.06 mi	93, Mossley Road, Ashton-under-lyne, Greater Manchester OL6 9RH	£2,363	91	3	Semi-Detached House
£235K	01/23	0.09 mi	72, Mossley Road, Ashton-under-lyne, Greater Manchester OL6 9RQ	£2,398	98	3	Semi-Detached House
£175K	12/20	0.13 mi	5, Freeman Avenue, Ashton-under-lyne, Greater Manchester OL6 6PX	£2,273	77	3	Semi-Detached House
£275K	07/21	0.14 mi	9, Darnton Gardens, Ashton-under-lyne, Greater Manchester OL6 6SG	£3,571	77	3	Detached House
£170K	03/23	0.15 mi	5, Sugden Street, Ashton-under-lyne, Greater Manchester OL6 6PT	-	-	3	Semi-Detached House
£180K	07/21	0.15 mi	20, Sugden Street, Ashton-under-lyne, Greater Manchester OL6 6PT	-	-	3	Semi-Detached House
£155K	05/21	0.15 mi	12, Sugden Street, Ashton-under-lyne, Greater Manchester OL6 6PT	£2,039	76	3	Semi-Detached House
£133K	03/21	0.17 mi	4, Herries Street, Ashton-under-lyne, Greater Manchester OL6 6PU	£1,602	83	3	Semi-Detached House
£265K	12/22	0.19 mi	65, Derby Road, Ashton-under-lyne, Greater Manchester OL6 6PF	£3,442	77	3	Semi-Detached House
£217.5K	03/21	0.2 mi	56, Mossley Road, Ashton-under-lyne, Greater Manchester OL6 9RX	£2,559	85	3	Semi-Detached House
£228.6K	01/23	0.2 mi	8, Hurst Bank Road, Ashton-under-lyne, Greater Manchester OL6 9RY	£3,413	67	3	Semi-Detached House
£153K	06/21	0.2 mi	31, Hurst Bank Road, Ashton-under-lyne, Greater Manchester OL6 9RY	-	-	3	Semi-Detached House
£155K	06/21	0.21 mi	12, Dixon Street, Ashton-under-lyne, Greater Manchester OL6 9PW	£2,183	71	3	Terraced House
£240K	02/23	0.21 mi	71, Montague Road, Ashton-under-lyne, Greater Manchester OL6 6PW	-	-	3	Semi-Detached House
£176.5K	10/23	0.24 mi	24, Heys Road, Ashton-under-lyne, Greater Manchester OL6 6PG	£1,961	90	3	Semi-Detached House
£155K	09/21	0.24 mi	48, Heys Road, Ashton-under-lyne, Greater Manchester OL6 6PG	£2,039	76	3	Semi-Detached House
£171K	01/21	0.24 mi	33, Mossley Road, Ashton-under-lyne, Greater Manchester OL6 9RS	£1,966	87	3	Semi-Detached House
£290K	12/23	0.24 mi	41, Mossley Road, Ashton-under-lyne, Greater Manchester OL6 9RS	-	-	3	Detached House
£278K	11/22	0.24 mi	97, Arundel Street, Ashton-under-lyne, Greater Manchester OL6 6RH	-	-	3	Semi-Detached House
£213K	12/22	0.24 mi	82, Derby Road, Ashton-under-lyne, Greater Manchester OL6 6PF	£3,043	70	3	Semi-Detached House
£200K	06/21	0.24 mi	5, Crompton Street, Ashton-under-lyne, Greater Manchester OL6 9SB	-	-	3	Semi-Detached House
£237K	07/23	0.25 mi	51, Hutton Avenue, Ashton-under-lyne, Greater Manchester OL6 6QZ	-	-	3	Semi-Detached House
£190K	07/21	0.26 mi	25, Freshwater Drive, Ashton-under-lyne, Greater Manchester OL6 9SH	-	-	3	Semi-Detached House
£262K	06/23	0.26 mi	21, Freshwater Drive, Ashton-under-lyne, Greater Manchester OL6 9SH	-	-	3	Detached House
£268.5K	06/21	0.26 mi	2, Freshwater Drive, Ashton-under-lyne, Greater Manchester OL6 9SH	£2,768	97	3	Detached House
£171K	03/21	0.26 mi	4, Claremont Gardens, Ashton-under-lyne, Greater Manchester OL6 9RE	£2,443	70	3	Semi-Detached House
£235K	04/21	0.26 mi	27, Claremont Gardens, Ashton-under-lyne, Greater Manchester OL6 9RE	£2,765	85	3	Detached House
£335K	02/23	0.26 mi	83, Arundel Street, Ashton-under-lyne, Greater Manchester OL6 6RH	-	-	3	Semi-Detached House
£260K	03/24	0.28 mi	4, Deramore Close, Ashton-under-lyne, Greater Manchester OL6 6RN	£3,133	83	3	Bungalow
£225K	11/20	0.28 mi	17, Neal Avenue, Ashton-under-lyne, Greater Manchester OL6 6PA	£2,045	110	3	Semi-Detached House
£172.5K	04/21	0.28 mi	20, Neal Avenue, Ashton-under-lyne, Greater Manchester OL6 6PA	£1,938	89	3	Semi-Detached House
£80K	02/21	0.28 mi	305, Whiteacre Road, Ashton-under-lyne, Greater Manchester OL6 9QF	-	-	3	Terraced House
£250K	08/23	0.29 mi	19, Alger Mews, Ashton-under-lyne, Greater Manchester OL6 9NF	£2,252	111	3	Terraced House
£270K	11/22	0.29 mi	15, Neal Avenue, Ashton-under-lyne, Greater Manchester OL6 6PA	£3,320	81	3	Semi-Detached House
£160.5K	04/21	0.3 mi	8, Waters Edge, Ashton-under-lyne, Greater Manchester OL6 9SF	£1,655	97	3	Detached House
£300K	10/22	0.3 mi	38, Hurst Hill Crescent, Ashton-under-lyne, Greater Manchester OL6 9NJ	£3,448	87	3	Detached House
£338K	09/23	0.33 mi	139, Mellor Road, Ashton-under-lyne, Greater Manchester OL6 6RW	£2,299	147	3	Semi-Detached House
£240K	02/23	0.33 mi	52, Beaufort Road, Ashton-under-lyne, Greater Manchester OL6 6NU	£2,667	90	3	Semi-Detached House
£240K	11/22	0.33 mi	48, Beaufort Road, Ashton-under-lyne, Greater Manchester OL6 6NU	-	-	3	Semi-Detached House
£149.5K	12/22	0.34 mi	79, Whiteacre Road, Ashton-under-lyne, Greater Manchester OL6 9PH	£2,076	72	3	Terraced House
£210K	10/23	0.34 mi	4, Hutton Avenue, Ashton-under-lyne, Greater Manchester OL6 6QY	£2,217	95	3	Terraced House
£213.5K	06/21	0.34 mi	46, Hutton Avenue, Ashton-under-lyne, Greater Manchester OL6 6QY	£2,925	73	3	Semi-Detached House
£146K	08/21	0.36 mi	55, Whiteacre Road, Ashton-under-lyne, Greater Manchester OL6 9PH	-	-	3	Terraced House
£145K	03/23	0.36 mi	28, Ripon Street, Ashton-under-lyne, Greater Manchester OL6 9PQ	£1,986	73	3	Terraced House
£128K	02/24	0.37 mi	61, Ripon Street, Ashton-under-lyne, Greater Manchester OL6 9PQ	£2,065	62	3	Terraced House
£158.5K	02/23	0.38 mi	35, Audley Street, Ashton-under-lyne, Greater Manchester OL6 6RB	-	-	3	Terraced House

Local Rents

31 rents from £950/mo to £3.1K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,250	08/24	0.05 mi	Witham Street, Ashton-under-Lyne, Greater Manchester, OL6	3	Semi-Detached House
£1,100	12/24	0.15 mi	-	3	Terraced House
£995	07/24	0.17 mi	Russell Street, Ashton-Under-Lyne, OL6	3	Terraced House
£995	08/24	0.17 mi	-	3	Terraced House
£1,000	06/24	0.17 mi	-	3	Terraced House
£1,000	06/24	0.17 mi	-	3	Terraced House
£1,000	06/24	0.17 mi	Princess Street, Ashton-Under-Lyne, OL6	3	Terraced House
£975	05/24	0.21 mi	-	3	Terraced House
£975	05/24	0.21 mi	-	3	Terraced House
£1,250	06/24	0.22 mi	Hurst Bank Road, Ashton-Under-Lyne, OL6	3	Detached House
£1,100	06/24	0.22 mi	The Heys, Ashton under Lyne, Tameside, Greater Manchester, OL6 9BF	3	Terraced House
£1,250	09/24	0.24 mi	Heys Road, Ashton-under-Lyne	3	Semi-Detached House
£1,000	08/24	0.25 mi	Whiteacre Road, Ashton Under Lyne,	3	Terraced House
£1,395	08/24	0.26 mi	Freshwater Drive, Ashton-under-Lyne, Greater Manchester, OL6	3	Semi-Detached House
£1,200	10/24	0.27 mi	-	3	Terraced House
£1,450	12/23	0.3 mi	-	3	Semi-Detached House
£1,200	08/24	0.32 mi	Eason Way, Ashton-Under-Lyne, OL6	3	House
£2,150	06/24	0.32 mi	Willow Wood Close, Ashton-Under-Lyne	3	Detached House
£950	07/24	0.47 mi	-	3	Flat
£1,100	06/24	0.49 mi	-	3	Semi-Detached House
£1,100	06/24	0.49 mi	-	3	Semi-Detached House
£1,100	06/24	0.49 mi	Anderton Grove, Ashton Under Lyne, OL6	3	Semi-Detached House
£1,100	06/24	0.49 mi	Anderton Grove, Ashton Under Lyne, OL6	3	Semi-Detached House
£1,100	07/24	0.49 mi	Anderton Grove, Ashton Under Lyne, OL6	3	Semi-Detached House
£1,000	08/24	0.5 mi	-	3	Terraced House
£3,100	02/25	0.52 mi	-	3	Terraced House
£1,000	07/24	0.56 mi	Frederick Street, Ashton-under-Lyne, Greater Manchester, OL6	3	Terraced House
£1,200	08/24	0.58 mi	Stamford Close, Stalybridge, Greater Manchester, SK15	3	Semi-Detached House
£995	04/25	0.58 mi	-	3	Semi-Detached House
£1,600	03/25	0.59 mi	-	3	Bungalow
£1,250	06/24	0.62 mi	Currier Lane, Ashton-under-lyne, OL6	3	Flat

Local Area Statistics

Population in OL6	28,67728,677
Population in Ashton-under-Lyne	45,51045,510
Town centre distance	0.75 miles away0.75 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.76 miles away0.76 miles away

Rental growth (12m)	+23%+23%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+35%+35%

Property History

Price changed to £190,000

January 15, 2025

Price changed to £200,000

September 25, 2024

Listed for £210,000

August 9, 2024

Sold for £190,000

2022

Floor Plans

Description

Walking Distance to Tameside Hospital. +
Gardens and Parking. +
GCH & Double glazed. +
Ideal family home or BTL investment. +
Close to local amenities. +
No onward chain. +

WALKING DISTANCE TO TAMESIDE HOPSITAL & ASHTON TOWN CENTRE IDEAL BTL IVESTMENT OR FAMILY HOME OFF ROAD PARKING & GARDEN IN NEED OF SOME MODERNISATION **. Located in the popular residential area of Ashton close to local amenities such as shops, schools and transport links and is within easy walking distance of Tameside Hospital and Ashton Town centre. The property itself benefits from gas central heating, PVCu double glazing, two reception room, off road parking, garage and garden. Viewings are highly recommended.

Agent Details

Edward Mellor Ltd, Droylsden

0161 524 2800

Next Steps?

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