6 Bed Terraced House, Refurb/BRRR, Settle, BD24 9JL, £150,000

Banks View, Settle, North Yorkshire, BD24 9JL - 18 views - 5 months ago

Cash
Refurb/BRRR
~186 m²
+7 photos

ValuationFair Value

Sold Prices£199.5K - £675K
Sold Prices/m²£1.7K/m² - £3.3K/m²

 

 

Square Metres

~186 m²
Price/m²£806/m²

Value Estimate

£153,000

 

 

End Value (After Refurb)

£389,490

Uplift in Value

+160%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£75,191

Bridging Loan Interest

£3,938

Total Cash In

£124,079

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£389,490

Agent Fees (1%)

£3,895

Bridging Loan

£112,500

Bridging Loan Interest

£3,938

Flip Profit

£149,016

Local Sold Prices

22 sold prices from £199.5K to £675K, average is £312.5K. £1.7K/m² to £3.3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£268K06/210.06 mi3, Craven Terrace, Settle, North Yorkshire BD24 9DB4
£250K02/210.09 mi1, Mayville Terrace, Settle, North Yorkshire BD24 9JQ4
£300K12/220.09 mi3, Mayville Terrace, Settle, North Yorkshire BD24 9JQ4
£375K04/210.14 mi2, Riverside View, Settle, North Yorkshire BD24 9FP4
£199.5K11/200.15 mi15, Mill Close, Settle, North Yorkshire BD24 9BY4
£265K02/210.22 mi46, Kings Mill Lane, Settle, North Yorkshire BD24 9FD4
£270K02/210.22 mi50, Kings Mill Lane, Settle, North Yorkshire BD24 9FD4
£375K05/230.22 mi6, Townhead Croft, Settle, North Yorkshire BD24 9LG4
£348.5K06/210.22 mi9, Townhead Croft, Settle, North Yorkshire BD24 9LG4
£425K06/230.22 mi11, Townhead Croft, Settle, North Yorkshire BD24 9LG4
£300K01/230.23 mi42, Kings Mill Lane, Settle, North Yorkshire BD24 9FD4
£275K03/210.24 miHilltop, Belle Hill, Giggleswick, Settle, North Yorkshire BD24 0BA4
£300K02/210.3 mi22, Riversdale, Giggleswick, Settle, North Yorkshire BD24 0AW4
£675K12/200.37 miStonecroft, Tems Side, Giggleswick, Settle, North Yorkshire BD24 0BS4
£325K08/220.39 mi4, Chapel Square, Settle, North Yorkshire BD24 9HR4
£410K03/230.41 mi7, Prospect Terrace, Settle, North Yorkshire BD24 9BL4
£368K02/210.43 mi7, Halsteads Terrace, Settle, North Yorkshire BD24 9AP4
£269.5K12/200.48 miWoodlands View, 2, The Ings, Settle, North Yorkshire BD24 9QN4
£345K06/210.56 mi5, Bankwell Close, Giggleswick, Settle, North Yorkshire BD24 0BX4
£425K07/220.57 miShankill, Ingfield Lane, Settle, North Yorkshire BD24 9BA4
£500K01/220.61 miThe Mallards, Raines Road, Giggleswick, Settle, North Yorkshire BD24 0AQ4
£270K03/220.62 mi5, Ingfield Estate, Settle, North Yorkshire BD24 9BQ4

Local Rents

18 rents from £475/mo to £1.6K/mo, average is £773/mo.

RentDateDistanceAddressBeds 
£84003/240.04 miWarrendale, Bridge End Mill, Langcliffe Road, Settle2
£89503/240.04 miCleatop Apartment, Bridge End Mill, Langcliffe Road, Settle2
£70003/240.12 miProcters Row, Settle, BD242
£1,26501/250.2 mi-4
£1,10003/240.29 miTown Head, Settle, BD243
£59503/240.33 miDuke Street, Settle1
£60003/240.33 miStation Road, Settle, North Yorkshire, BD241
£65010/230.35 miCastle Hill, Settle, North Yorkshire, BD242
£75003/240.36 mi1st & 2nd Floor FlatHigh Street,Settle,BD242
£67503/240.36 mi2 Castlebergh Court, High Street, Settle, North Yorkshire, BD242
£65003/240.37 miDuke Street, Settle, North Yorkshire, BD241
£79503/240.39 miDuke Street,Settle,BD243
£1,58905/240.51 miLower Greenfoot, Settle, BD241
£75011/230.54 mi-2
£85005/240.55 mi-3
£85004/240.55 miLower Croft Street, Settle, BD243
£1,29504/240.65 miIngfield Crescent, Settle, BD243
£47510/230.66 miLangcliffe Place, Langcliffe BD24 9LX1

Local Area Statistics

Population in BD24

5,180

Town centre distance

0.45 miles away

Nearest school

0.20 miles away

Nearest train station

0.36 miles away

 

 

Rental growth (12m)

+47%

Sales demand

Balanced market

Capital growth (5yrs)

+3%

Property History

Listed for £150,000

September 5, 2024

Floor Plans

Description

  • Large Victorian end terrace property +
  • Potential to create a fabulous home +
  • Full modernisation required +
  • Internal viewing highly advised to appreciate what's on offer +
  • No onward chain +

FOR SALE BY INFORMAL TENDER CLOSING DATE 1PM FRIDAY 27th SEPTEMBER 2024 Attention investors! A six bedroom Victorian end terrace located in the popular market town of Settle. The property offers generous accommodation over four levels and has a small enclosed yard to rear with outbuilding. The property does require modernisation but has plenty of scope and potential on offer. Internal viewing highly advised.

Entering through the front door is the main hallway that provides access to all areas of the home. To your left is the living room which features a coved ceiling, large bay window to front and a tile fireplace to centre. The dining room faces the rear of the home and has a wooden fireplace to centre, recessed cupboards to alcoves, window to side and a door leading to the kitchen. The kitchen comes with fitted wall and base units, worktop, stainless steel sink, windows to side and rear and an external door to the rear yard.

Up on the first floor are three bedrooms and the family bathroom. Two of the bedrooms on this floor are doubles with the third being a single featuring triple aspect windows. The family bathroom comprises a bath, wash hand basin, wc and a window to side. The second floor has three further bedrooms, all of which can hold a double bed and come with either a window or Velux roof window.

Down on the lower ground floor is the cellar which is divided up into two rooms.

Outside, to the front is a small garden, mainly laid to lawn with a path to front door. To the rear, is an enclosed yard with gate to side and access to an outhouse for storage use.

The market town of Settle borders the Yorkshire Dales National Park and offers a varied range of amenities including a Market Place with a colourful ‘Tuesday’ market. A railway station on the famous Settle to Carlisle line offers commuter links to Leeds and Bradford. Settle is also well located for commuting to North and West Yorkshire, and the East Lancashire business centres as well as the northern motorway network. Schools include a primary and college, as well as a highly regarded public school in the neighbouring village of Giggleswick. Settle has a medical centre, swimming pool, library, golf club and a wide range of recreational facilities, lovely open countryside is on the doorstep.

Agent Note
Please note due to the condition of the property we are looking for cash buyers only.

Services
Mains, Electricity, Water and Drainage are installed.

Parking
No allocated parking.

Internet & Mobile Coverage Information obtained from the Ofcom website indicates that an internet connection is available from at least one provider. Mobile coverage (outdoors), is also available from at least one of the UKs four leading providers.

Tenure
Freehold

Council Tax
Band C

From Dace Son and Hartley Settle office, proceed through the Market Square onto Church Street. Pass the petrol station and go under the viaduct and continue straight. Banks View can be seen on your left hand side before reaching the river bridge.

Agent Details

Dacre Son & Hartley, Settle

01729 811298

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪