2 Bed Flat, Potential PLO/LOA, Huddersfield, HD2 1GU, £70,000

Marlington Drive, Ferndale, Huddersfield, West Yorkshire, HD2 1GU - 8 views - 8 months ago

Leasehold
Negative Equity
ROI: 14%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£53K - £164.9K
Sold Prices/m²£756/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£85,400
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£3,300

Total Cash In

£20,800

 

 

Cash Out

 

Rent Range

£495 - £875

Rent Estimate

£600

Running Costs/mo

£359

Cashflow/mo

£241

Cashflow/yr

£2,895

ROI

14%

Gross Yield

10%

Local Sold Prices

46 sold prices from £53K to £164.9K, average is £80.5K. £756/m² to £2.5K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£75K12/220.04 mi7, Drysdale Fold, Huddersfield, West Yorkshire HD2 1ZF2
£65K03/230.04 mi1, Drysdale Fold, Huddersfield, West Yorkshire HD2 1ZF2
£53K08/230.05 mi7, Marlington Drive, Huddersfield, West Yorkshire HD2 1GU2
£78K04/210.06 mi2, Drysdale Fold, Huddersfield, West Yorkshire HD2 1ZF2
£78K04/210.06 mi2, Drysdale Fold, Huddersfield, West Yorkshire HD2 1ZF2
£77K12/220.06 mi5, Drysdale Fold, Huddersfield, West Yorkshire HD2 1ZF2
£54.3K03/210.07 mi7, Drysdale Fold, Huddersfield, West Yorkshire HD2 1ZF2
£63.5K03/230.09 mi189, Bradley Boulevard, Huddersfield, West Yorkshire HD2 1EA2
£67K06/230.09 mi187, Bradley Boulevard, Huddersfield, West Yorkshire HD2 1EA2
£75K10/230.15 mi29, Sylvan Ridge, Huddersfield, West Yorkshire HD2 1ZH2
£90K09/210.17 mi21, Oxley Road, Huddersfield, West Yorkshire HD2 1NT2
£90K09/210.17 mi21, Oxley Road, Huddersfield, West Yorkshire HD2 1NT2
£88K04/230.17 mi3, Oxley Road, Huddersfield, West Yorkshire HD2 1NT2
£80K02/230.18 mi27, Sylvan Ridge, Huddersfield, West Yorkshire HD2 1ZH2
£74K08/220.27 mi3 Hepworths Buildings, Deighton Road, Huddersfield, West Yorkshire HD2 1JW2
£100K12/200.45 mi493, Bradford Road, Huddersfield, West Yorkshire HD2 2LL2
£164.9K12/200.56 mi18, The Green, Huddersfield, West Yorkshire HD2 1QB2
£65K07/210.63 mi86, Blackhouse Road, Huddersfield, West Yorkshire HD2 1AR2
£95K10/211.04 mi39, Spaines Road, Huddersfield, West Yorkshire HD2 2SD2
£57.5K03/231.05 mi99, Cowcliffe Hill Road, Huddersfield, West Yorkshire HD2 2PE2
£70K09/211.14 mi6, Town Place, Huddersfield, West Yorkshire HD1 6PP2
£77.2K05/211.3 mi1, Common Road, Huddersfield, West Yorkshire HD1 5EU2
£77.2K05/211.3 mi1, Common Road, Huddersfield, West Yorkshire HD1 5EU2
£97K10/211.37 mi5, Annie Smith Way, Birkby, Huddersfield, West Yorkshire HD2 2GB2
£90K09/221.38 mi29, Annie Smith Way, Birkby, Huddersfield, West Yorkshire HD2 2GB2
£65K11/231.5 mi32, Fearnley Mill Drive, Huddersfield, West Yorkshire HD5 0RD2
£75K10/201.5 mi21, Fearnley Mill Drive, Bradley, Huddersfield, West Yorkshire HD5 0RD2
£77K05/221.5 mi9, Fearnley Mill Drive, Huddersfield, West Yorkshire HD5 0RD2
£88.5K04/221.51 miApartment 1, Croft Court, Mount Lane, Brighouse, West Yorkshire HD6 3QZ2
£90K07/221.51 miApartment 38, Croft Court, Mount Lane, Brighouse, West Yorkshire HD6 3QZ2
£77.5K03/221.52 mi36, Fearnley Mill Drive, Huddersfield, West Yorkshire HD5 0RD2
£90K02/211.62 mi95, George Avenue, Huddersfield, West Yorkshire HD2 2BJ2
£81K12/201.63 mi30, Hions Close, Brighouse, West Yorkshire HD6 3EH2
£88.5K02/211.75 mi11a, Hill Top Road, Moldgreen, Huddersfield, West Yorkshire HD5 9LX2
£90K10/201.75 mi7a, Hill Top Road, Moldgreen, Huddersfield, West Yorkshire HD5 9LX2
£140K09/211.8 mi26, Vernon Avenue, Huddersfield, West Yorkshire HD1 5QD2
£147.5K12/221.8 mi42, Vernon Avenue, Huddersfield, West Yorkshire HD1 5QD2
£77K09/231.82 mi67, Fields Way, Huddersfield, West Yorkshire HD5 0ND2
£86.6K06/211.85 mi9, Maple Close, Huddersfield, West Yorkshire HD5 0NL2
£120K04/241.87 mi127, Mountjoy Road, Huddersfield, West Yorkshire HD1 5QG2
£92K12/201.87 mi79, Mountjoy Road, Huddersfield, West Yorkshire HD1 5QG2
£107K10/221.91 mi129, Mountjoy Road, Huddersfield, West Yorkshire HD1 5QG2
£96K06/221.94 miApartment 73, Millroyd Mill, Huddersfield Road, Brighouse, West Yorkshire HD6 1PR2
£76K06/231.94 miApartment 105, Millroyd Mill, Huddersfield Road, Brighouse, West Yorkshire HD6 1PR2
£90K04/221.94 miApartment 18, Millroyd Mill, Huddersfield Road, Brighouse, West Yorkshire HD6 1PB2
£110K01/211.94 miApartment 64, Millroyd Mill, Huddersfield Road, Brighouse, West Yorkshire HD6 1PR2

Local Rents

23 rents from £495/mo to £875/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£64503/240.01 mi-2
£75012/240.05 miMarlington Drive, HD22
£85004/240.11 miBelle Vue Crescent, Huddersfield, HD22
£62512/240.4 mi-2
£69512/240.58 miRevive Court, 417 Bradford Road, Fartown, Huddersfield, HD22
£65012/240.66 mi-2
£87511/240.71 mi-2
£87501/240.75 mi-2
£80004/240.8 mi-2
£62512/240.83 miSands Terrace, Huddersfield2
£75012/240.85 miAbbey Road, Fartown2
£65012/240.88 miLeeds Road, Huddersfield2
£62004/240.97 mi-2
£65011/240.97 mi-2
£49512/240.98 mi-2
£75012/241 mi-2
£52504/251.02 mi-2
£60012/241.02 mi-2
£67512/241.02 miScholes Road, Birkby2
£60012/241.1 miLeeds Road, Huddersfield, HD12
£52512/241.13 mi-2
£67501/241.2 mi-2
£65012/241.23 mi-2

Local Area Statistics

Population in HD2

28,723

Population in Huddersfield

200,145

Town centre distance

2.52 miles away

Nearest school

0.10 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+0%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £70,000

-71%

August 20, 2024

Sold for £119,950

2008

Floor Plans

Description

  • A SPACIOUS 2 Bedroom GROUND FLOOR PURPOSE BUILT APARTMENT +
  • Located In This POPULAR & CONVENIENT RESIDENTIAL LOCATION +
  • Modern Fitted Kitchen & Bathroom +
  • Well Placed For Town Centre & M62 Access +
  • Ideal For FTB's or Possible Buy-To-Let +

EXCELLENT FOR FTB's OR BUY-TO-LET INVESTMENT - AVAILABLE WITH IMMEDIATE VACANT POSSESSION - A good sized GROUND FLOOR apartment with TWO DOUBLE BEDROOMS located in this POPULAR RESIDENTIAL DEVELOPEMENT with good access to the M62 MOTORWAY NETWORK and LOCAL AMENETIES.

Making an ideal option for a Landlord or Investor or this looking for an affordable single storey living this TIDY and PRESENTABLE property is available to be bought with IMMEDIATE VACANT POSSESSION. This PURPOSE BUILT GROUND FLOOR APARTMENT would make an ideal purchase for FTB's, a COUPLE or possible BUY-TO-LET INVESTMENT. Fitted with a MODERN OPEN PLAN KITCHEN/LIVING ROOM, a MODERN WHITE BATHROOM SUITE, electric storage heaters and uPVC d/g. Allocated parking is available within a Communal Residents Only Car-Park. Well placed for numerous local amenities and access to the Town Centre and M62.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

HUD240408/2

Agent Details

Reeds Rains, Huddersfield

01484 627852

Next Steps?

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