3 Bed Bungalow, Refurb/BRRR, Northallerton, DL6 1BH, £265,000

3 Ash Ridge, Northallerton, DL6 1BH - 1 views - 6 months ago

Sold STC
Refurb/BRRR
~83 m²
+6 photos

ValuationOvervalued

Sold Prices£120K - £470K
Sold Prices/m²£1.5K/m² - £6.5K/m²

 

 

Square Metres

~83 m²
Price/m²£3.2K/m²

Value Estimate

£222,115

 

 

End Value (After Refurb)

£250,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£9,900

Refurb Costs

£32,843

Bridging Loan Interest

£6,956

Total Cash In

£117,699

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£250,000

Mortgage (After Refinance)

£187,500

Mortgage LTV

75%

Cash Left In

£117,699

Equity

£62,500

Rent Range

£700 - £1,400

Rent Estimate

£884

Running Costs/mo

£978

Cashflow/mo

£-94

Cashflow/yr

£-1,129

Gross Yield

4%

Local Sold Prices

50 sold prices from £120K to £470K, average is £250K. £1.5K/m² to £6.5K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£285K12/220.06 mi112, Thirsk Road, Northallerton, North Yorkshire DL6 1PL3
£280K01/230.06 mi68, Thirsk Road, Northallerton, North Yorkshire DL6 1PL3
£355K06/210.07 mi24, Mill Rise, Northallerton, North Yorkshire DL6 1BE3
£365K10/200.08 mi5, Byram Close, Northallerton, North Yorkshire DL6 1BL3
£240K12/220.09 mi15, Ormesby Crescent, Northallerton, North Yorkshire DL7 8RP3
£470K07/220.11 mi1, Sladeburn Drive, Northallerton, North Yorkshire DL6 1BJ3
£345K11/220.11 mi36, Racecourse Lane, Northallerton, North Yorkshire DL7 8RL3
£191K04/210.12 mi18, Ormesby Crescent, Northallerton, North Yorkshire DL7 8RP3
£227K08/210.12 mi2, Ormesby Crescent, Northallerton, North Yorkshire DL7 8RP3
£219.5K09/210.12 mi45, Cleveland Drive, Northallerton, North Yorkshire DL7 8RU3
£250K09/220.12 mi5, Cleveland Drive, Northallerton, North Yorkshire DL7 8RU3
£385K05/230.12 mi3, Cleveland Drive, Northallerton, North Yorkshire DL7 8RU3
£240K01/210.14 mi5, Mulgrave Drive, Northallerton, North Yorkshire DL7 8RS3
£289.9K06/210.18 mi64, Normanby Road, Northallerton, North Yorkshire DL7 8RW3
£235K05/230.18 mi44, Normanby Road, Northallerton, North Yorkshire DL7 8RW3
£220K08/210.18 mi56, Colstan Road, Northallerton, North Yorkshire DL6 1AZ3
£315K03/230.18 mi56, Colstan Road, Northallerton, North Yorkshire DL6 1AZ3
£188K01/210.19 mi14, Racecourse Lane, Northallerton, North Yorkshire DL7 8RD3
£275K07/230.2 mi7, Thornley Avenue, Northallerton, North Yorkshire DL7 8RF3
£300K05/230.2 mi19, Thornley Avenue, Northallerton, North Yorkshire DL7 8RF3
£240K04/210.21 mi14, Crestbrooke, Northallerton, North Yorkshire DL7 8YR3
£234.9K07/220.21 mi52, Crestbrooke, Northallerton, North Yorkshire DL7 8YR3
£285K04/210.22 mi12, Millfield Crescent, Northallerton, North Yorkshire DL6 1AY3
£250K09/210.23 mi5, Racecourse Lane, Northallerton, North Yorkshire DL7 8QZ3
£305K11/200.24 mi107, Crosby Road, Northallerton, North Yorkshire DL6 1AS3
£235K05/230.24 mi84, Crestbrooke, Northallerton, North Yorkshire DL7 8YS3
£335K09/220.25 mi24, Broomfield Avenue, Northallerton, North Yorkshire DL7 8RG3
£241K12/200.26 mi13, Thirsk Road, Northallerton, North Yorkshire DL6 1PE3
£370K05/210.27 mi4, Hatfield Road, Northallerton, North Yorkshire DL7 8QX3
£245K09/210.27 mi84, Crosby Road, Northallerton, North Yorkshire DL6 1AG3
£200K07/210.27 mi75, Crosby Road, Northallerton, North Yorkshire DL6 1AG3
£235K10/200.27 mi92, Crosby Road, Northallerton, North Yorkshire DL6 1AG3
£200K07/220.27 mi74, Crosby Road, Northallerton, North Yorkshire DL6 1AG3
£200K12/200.28 mi41, St James Drive, Northallerton, North Yorkshire DL7 8XL3
£330K09/220.28 mi30, Broomfield Avenue, Northallerton, North Yorkshire DL7 8RG3
£270K03/210.28 mi6, Bradley Avenue, Northallerton, North Yorkshire DL6 1SE3
£315K02/210.29 mi4, St Pauls Close, Northallerton, North Yorkshire DL7 8YN3
£287K10/220.3 mi22, Thirsk Road, Northallerton, North Yorkshire DL6 1PF3
£299.9K09/220.31 mi6, Carroll Close, Northallerton, North Yorkshire DL6 1SG3
£180K05/230.31 mi10, Greenhill Crescent, Northallerton, North Yorkshire DL6 1AH3
£340K05/210.33 mi71, South Parade, Northallerton, North Yorkshire DL7 8SL3
£170K05/210.33 mi8, Cotcliffe Avenue, Northallerton, North Yorkshire DL6 1AJ3
£182K12/220.33 mi3, Cotcliffe Avenue, Northallerton, North Yorkshire DL6 1AJ3
£292.5K12/200.35 mi35, South Parade, Northallerton, North Yorkshire DL7 8SG3
£200K02/210.37 mi39, Trinity Gardens, Northallerton, North Yorkshire DL6 1GA3
£225K10/220.38 mi12, De Lacy Road, Northallerton, North Yorkshire DL7 8WD3
£285K09/210.38 mi1, Greenhowsyke Lane, Northallerton, North Yorkshire DL6 1HT3
£179.9K09/210.38 mi33, Greenhowsyke Lane, Northallerton, North Yorkshire DL6 1HT3
£120K05/230.39 mi8, Beaconsfield Street, Northallerton, North Yorkshire DL7 8TF3
£342K09/210.39 miBraeside, Sandy Bank, Northallerton, North Yorkshire DL6 1AN3

Local Rents

11 rents from £700/mo to £1.4K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£1,40012/240.27 miHatfield Road, Northallerton3
£80012/240.31 miGreenhill Crescent, Northallerton3
£1,10012/240.48 miMerchants Place, Northallerton, North Yorkshire, DL73
£80012/240.48 miFarndale Avenue, Northallerton3
£80012/240.48 miFarndale Avenue, Northallerton3
£82503/240.57 mi-3
£70002/230.59 mi-3
£70012/240.73 mi-3
£70008/240.73 mi-3
£90012/240.81 miGoosecroft Lane, Northallerton3
£99910/230.82 mi-3

Local Area Statistics

Population in DL6

15,486

Population in Northallerton

31,557

Town centre distance

0.77 miles away

Nearest school

0.20 miles away

Nearest train station

0.43 miles away

 

 

Rental growth (12m)

-8%

Sales demand

Balanced market

Capital growth (5yrs)

+25%

Property History

Listed for £265,000

September 16, 2024

Floor Plans

Description

  • Detached Bungalow +
  • Three Bedrooms +
  • In need of modernisation +
  • Garage and parking space +
  • Located conveniently for Northallerton town centre +

A detached three bedroom bungalow located conveniently for Northallerton town centre.

A detached three bedroom bungalow located conveniently for Northallerton town centre.

Situated within the popular market town of Northallerton, within walking distance of all the facilities and amenities the town has to offer. The property is well placed for primary and secondary schooling. The thriving market town has a weekly market which has been running since it was chartered in 1200. The bustling High Street is home to many independent businesses from delicatessens, greengrocers and department stores with larger chains also available. There are ample facilities to make use of including sports clubs, restaurants, pubs, theatre, bowling alley and cinema.

Ideally situated between The Yorkshire Dales National Park and The North Yorkshire National Park, Northallerton is also conveniently located for commuters who can make use of the excellent road and rail networks giving convenient access to Darlington, Newcastle, York, Leeds and beyond; making it the perfect location for those that enjoy both country and metropolitan pursuits.

Agent Details

Youngs RPS, Northallerton

01609 716824

Next Steps?

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