3 Bed Detached House, Planning Permission, Bury, BL0 0JA, £500,000

5 Esk Avenue, Bury, Lancashire, BL0 0JA - 8 months ago

Planning
141 m²
+26 photos

ValuationOvervalued

Sold Prices£150K - £382.5K
Sold Prices/m²£1.6K/m² - £3.9K/m²

 

 

Square Metres

141.36 m²
Price/m²£3.5K/m²

Value Estimate

£335,184

 

 

End Value (After Refurb)

£347,051

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£59,822

Bridging Loan Interest

£13,125

Total Cash In

£228,397

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£347,051

Mortgage (After Refinance)

£260,289

Mortgage LTV

75%

Cash Left In

£228,397

Equity

£86,763

Rent Range

£550 - £3,000

Rent Estimate

£935

Running Costs/mo

£1,292

Cashflow/mo

£-357

Cashflow/yr

£-4,278

Gross Yield

2%

Local Sold Prices

26 sold prices from £150K to £382.5K, average is £235.5K. £1.6K/m² to £3.9K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£235K01/210.38 mi106, Market Street, Edenfield, Bury, Lancashire BL0 0JL3
£382.5K09/220.6 mi1, Rochdale Road, Edenfield, Bury, Lancashire BL0 0JT3
£150K08/210.61 mi849, Manchester Road, Haslingden, Rossendale, Lancashire BB4 6LB3
£297K04/210.65 mi19, Rochdale Road, Ramsbottom, Bury, Lancashire BL0 0JT3
£310K06/210.65 mi5, Rochdale Road, Edenfield, Bury, Lancashire BL0 0JT3
£240K10/220.68 mi95, Hilltop Drive, Haslingden, Rossendale, Lancashire BB4 6NB3
£229.9K06/210.7 mi8, Rawsthorne Avenue, Edenfield, Bury, Lancashire BL0 0LQ3
£152.5K05/210.7 mi89, Hilltop Drive, Haslingden, Rossendale, Lancashire BB4 6NB3
£215K10/210.71 mi5, The Drive, Edenfield, Bury, Lancashire BL0 0LE3
£220K02/210.72 mi22, Highfield Road, Edenfield, Bury, Lancashire BL0 0LF3
£177.5K03/210.75 mi14, Eden Avenue, Edenfield, Bury, Lancashire BL0 0LG3
£180K11/220.76 mi26, Oaklands Road, Edenfield, Bury, Lancashire BL0 0LR3
£290K02/230.76 mi46, Bolton Road North, Edenfield, Bury, Lancashire BL0 0EZ3
£270K11/220.76 mi62, Bury Road, Edenfield, Bury, Lancashire BL0 0ET3
£220K12/200.79 mi90, Bury Road, Edenfield, Bury, Lancashire BL0 0ET3
£192.5K02/210.8 mi1, Oaklands Road, Edenfield, Bury, Lancashire BL0 0LR3
£203K09/210.8 mi12, Oaklands Road, Edenfield, Bury, Lancashire BL0 0LR3
£285K08/220.8 mi52, Bolton Road North, Edenfield, Bury, Lancashire BL0 0EZ3
£230K05/210.8 mi63, Bury Road, Edenfield, Bury, Lancashire BL0 0EN3
£235K06/210.86 mi23, Moorcroft, Edenfield, Bury, Lancashire BL0 0LL3
£240K12/200.88 mi7, Croftacres, Ramsbottom, Bury, Lancashire BL0 0LX3
£250K08/210.92 mi3, Horncliffe Close, Rawtenstall, Rossendale, Lancashire BB4 6EE3
£365K03/210.92 mi21, Horncliffe Close, Rawtenstall, Rossendale, Lancashire BB4 6EE3
£236K12/220.92 mi5, Horncliffe Close, Rawtenstall, Rossendale, Lancashire BB4 6EE3
£255K12/200.95 mi9, Burnside, Ramsbottom, Bury, Lancashire BL0 0LW3
£340K03/211 mi2, Strongstry Bridge, Stubbins, Bury, Lancashire BL0 0NZ3

Local Rents

50 rents from £550/mo to £3K/mo, average is £885/mo.

RentDateDistanceAddressBeds 
£1,10003/240.08 miPinfold Farm Mews, Edenfield, BL0 0HZ3
£69506/240.24 mi-2
£79504/250.24 mi-2
£2,00003/240.56 miLumb Barn, Lumb, Irwell Vale, Rossendale, BL0 0QR2
£3,00010/230.59 miAitken Barn, Lumb, Ramsbottom, Bury, BL0 0QR3
£79503/240.61 miRochdale Road, Ramsbottom, Bury, Greater Manchester, BL02
£1,00004/250.69 mi-2
£89503/240.7 miRawsthorne Avenue, Edenfield, Ramsbottom 3
£1,30003/250.71 mi-3
£60003/240.73 miBury Road, Edenfield, Bury, BL0 0ET1
£1,10005/240.76 miBolton Road North, Ramsbottom3
£77503/250.8 mi-2
£95011/231.01 mi-2
£85004/251.09 mi-3
£1,05004/251.14 mi-2
£77510/231.14 mi-2
£97512/241.18 miEast Street, Helmshore BB4 4JT2
£90012/241.19 mi-3
£87504/241.21 mi-2
£87512/241.21 miMusden Avenue, Rossendale, BB42
£87503/241.23 mi-2
£87512/241.23 miMusden Avenue, Rossendale, BB42
£1,04512/241.26 miHelmshore Road, Helmshore, BB43
£85002/241.32 mi-2
£87504/251.32 mi-2
£75004/241.37 miEast View, Stubbins BL0 0NW1
£85012/241.37 mi-2
£1,19511/241.38 mi-3
£1,10004/241.39 miWhalley Road, Ramsbottom, Bury3
£1,35003/241.48 miWhalley Road, Ramsbottom, BL0 0EF3
£80006/241.5 mi-2
£65012/241.52 miHelmshore Road, Helmshore, Rossendale1
£1,40011/231.52 mi-4
£99512/241.54 mi-2
£1,30001/241.55 mi-4
£84511/231.55 mi-3
£75003/241.56 miNew Century Apartments, Stubbins Lane, Ramsbottom2
£1,20012/241.57 miShoemaker Gardens, Rossendale, Lancashire, BB43
£1,35012/241.59 miTop O'th Brow, Rossendale, Lancashire, BB43
£95004/241.64 mi-2
£95004/241.64 miBye Road, Ramsbottom, BL02
£89502/241.66 mi-2
£85012/241.68 miHelmshore Road, Haslingden, Rossendale, Lancashire, BB43
£60009/231.68 mi-2
£80002/241.74 mi-2
£85001/251.74 mi-2
£56008/241.75 mi-1
£55011/241.75 mi-1
£97503/241.75 miStubbins Lane, Ramsbottom, Bury, BL02
£97504/241.75 miStubbins Lane, Ramsbottom, Bury, BL02

Local Area Statistics

Population in BL0

17,204

Population in Bury

101,319

Nearest school

0.20 miles away

Nearest train station

4.72 miles away

 

 

Rental growth (12m)

+1%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £500,000

September 12, 2024

Sold for £245,000

2011

Floor Plans

Description

  • Three bedroom detached family home +
  • Prestigious and highly desirable location +
  • Well established neighbourhood, with a number of large conversions complete +
  • Spacious gardens to front, side and rear +
  • Driveway parking for multiple vehicles +
  • Planning permission granted for extensive new build +
  • Family home in village location with fantastic access to schools +
  • Plans for the new build can be viewed online under reference 2023/0189 with Rossendale Council +

Charles Louis Homes is delighted to present this detached three-bedroom family home, situated in a highly sought-after neighbourhood on the edge of Edenfield village.

Located between the market towns of Ramsbottom and Rawtenstall, this property is within walking distance of excellent local schools and shops. It offers easy access to Manchester and beyond via public transport and the motorway network.

Beautifully presented throughout, this family home also offers the added appeal of several development opportunities.

This unique and exciting offering will suit a variety of buyers, and we expect high demand due to the quality of the home, its prime location, and its outstanding potential for development and expansion.

Viewing is highly recommended to appreciate the area, the home itself and the outstanding potential.

Development And Expansion - Planning permission has already been granted for a RIBA architect designed, luxury eco home to be built on the site, with many appealing energy saving features, making running costs extremely low. There are also exciting designs available from the same RIBA architect, for an impressive scheme of work which involves extensions of the existing home. Plans and visuals are available to view on request.

Current House - This charming home offers modern comfort with gas central heating throughout. The ground floor features stylish Kardean flooring, with a cosy, carpeted separate lounge perfect for relaxing. Upstairs, a spacious landing leads to three well-proportioned bedrooms and a beautifully appointed bathroom. The fully tiled bathroom is fitted with luxurious underfloor heating and top-quality Duravit and Hansgrohe sanitary ware

Living Room - 3.23 x 5.16 (10'7" x 16'11") -

Downstairs Guest Wc & Cloak - 0.89m x 1.27m (2'11 x 4'2) - Tiled walls and Kardean flooring, two piece suite comprising of a wall hung Duravit WC and corner basin

Dining Room - 3.56m x 3.33m (11'8 x 10'11) - Featuring windows to the front and side elevation. Bright space for entertaining, comfortably fits a table for 6 to 8 settings,

Kitchen - 2.64m x 6.38m (8'8 x 20'11) - Kardean flooring, Morso multi-fuel log burner, in frame kitchen with solid granite worktops and breakfast bar, inset sink and drainer with a mixer tap, built in NEFF double oven and NEFF induction hob with extractor fan, integrated NEFF dishwasher and fridge freezer, Views out onto the rear garden.

Bedroom One And Dressing Room - 3.25m x 3.78m, 3.25m x 1.37m (10'8 x 12'5, 10'8 x -

Bedroom Two - 3.43m x 3.40m (11'3 x 11'2) -

Bedroom Three - 2.67m x 1.96m (8'9 x 6'5) -

Bathroom - 2.41m x 1.96m (7'11 x 6'5) -

Driveway And Gardens - Private and secluded wrap around garden with mature trees, and a sunken patio area with a feature dry stone wall. Parking driveway for multiple cars.

Agent Details

Charles Louis Homes Limited, Ramsbottom

0161 524 3037

Next Steps?

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

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