2 Bed Flat, Potential PLO/LOA, Huddersfield, HD2 1GU, £67,500

5 Marlington Drive, Huddersfield, HD2 1GU - 7 views - 7 months ago

Sold STC
Leasehold
BTL
Negative Equity
ROI: 15%
~68 m²
+2 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£991/m²

Value Estimate

£82,350
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,875

Stamp Duty & Legal Fees

£3,225

Total Cash In

£20,100

 

 

Cash Out

 

Rent Range

£495 - £875

Rent Estimate

£600

Running Costs/mo

£351

Cashflow/mo

£249

Cashflow/yr

£2,989

ROI

15%

Gross Yield

11%

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 
£53K08/230.04 mi7, Marlington Drive, Huddersfield, West Yorkshire HD2 1GU2
£75K12/220.04 mi7, Drysdale Fold, Huddersfield, West Yorkshire HD2 1ZF2
£65K03/230.04 mi1, Drysdale Fold, Huddersfield, West Yorkshire HD2 1ZF2
£78K04/210.05 mi2, Drysdale Fold, Huddersfield, West Yorkshire HD2 1ZF2
£78K04/210.05 mi2, Drysdale Fold, Huddersfield, West Yorkshire HD2 1ZF2
£77K12/220.05 mi5, Drysdale Fold, Huddersfield, West Yorkshire HD2 1ZF2
£54.3K03/210.05 mi7, Drysdale Fold, Huddersfield, West Yorkshire HD2 1ZF2
£63.5K03/230.08 mi189, Bradley Boulevard, Huddersfield, West Yorkshire HD2 1EA2
£67K06/230.08 mi187, Bradley Boulevard, Huddersfield, West Yorkshire HD2 1EA2
£75K10/230.17 mi29, Sylvan Ridge, Huddersfield, West Yorkshire HD2 1ZH2
£90K09/210.19 mi21, Oxley Road, Huddersfield, West Yorkshire HD2 1NT2
£90K09/210.19 mi21, Oxley Road, Huddersfield, West Yorkshire HD2 1NT2
£88K04/230.19 mi3, Oxley Road, Huddersfield, West Yorkshire HD2 1NT2
£80K02/230.2 mi27, Sylvan Ridge, Huddersfield, West Yorkshire HD2 1ZH2
£74K08/220.25 mi3 Hepworths Buildings, Deighton Road, Huddersfield, West Yorkshire HD2 1JW2
£100K12/200.47 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
£57.5K03/231.06 mi99, Cowcliffe Hill Road, Huddersfield, West Yorkshire HD2 2PE2
£70K09/211.13 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
£65K11/231.49 mi32, Fearnley Mill Drive, Huddersfield, West Yorkshire HD5 0RD2
£75K10/201.49 mi21, Fearnley Mill Drive, Bradley, Huddersfield, West Yorkshire HD5 0RD2
£77K05/221.49 mi9, Fearnley Mill Drive, Huddersfield, West Yorkshire HD5 0RD2
£77.5K03/221.51 mi36, Fearnley Mill Drive, Huddersfield, West Yorkshire HD5 0RD2
£88.5K04/221.53 miApartment 1, Croft Court, Mount Lane, Brighouse, West Yorkshire HD6 3QZ2
£90K07/221.53 miApartment 38, Croft Court, Mount Lane, Brighouse, West Yorkshire HD6 3QZ2
£90K02/211.63 mi95, George Avenue, Huddersfield, West Yorkshire HD2 2BJ2
£81K12/201.65 mi30, Hions Close, Brighouse, West Yorkshire HD6 3EH2
£88.5K02/211.73 mi11a, Hill Top Road, Moldgreen, Huddersfield, West Yorkshire HD5 9LX2
£90K10/201.73 mi7a, Hill Top Road, Moldgreen, Huddersfield, West Yorkshire HD5 9LX2
£77K09/231.8 mi67, Fields Way, Huddersfield, West Yorkshire HD5 0ND2
£140K09/211.8 mi26, Vernon Avenue, Huddersfield, West Yorkshire HD1 5QD2
£147.5K12/221.8 mi42, Vernon Avenue, Huddersfield, West Yorkshire HD1 5QD2
£86.6K06/211.83 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
£96K06/221.96 miApartment 73, Millroyd Mill, Huddersfield Road, Brighouse, West Yorkshire HD6 1PR2
£76K06/231.96 miApartment 105, Millroyd Mill, Huddersfield Road, Brighouse, West Yorkshire HD6 1PR2
£90K04/221.96 miApartment 18, Millroyd Mill, Huddersfield Road, Brighouse, West Yorkshire HD6 1PB2
£110K01/211.96 miApartment 64, Millroyd Mill, Huddersfield Road, Brighouse, West Yorkshire HD6 1PR2

Local Rents

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

RentDateDistanceAddressBeds 
£64503/240.01 mi-2
£75012/240.04 miMarlington Drive, HD22
£85004/240.09 miBelle Vue Crescent, Huddersfield, HD22
£62512/240.38 mi-2
£69512/240.58 miRevive Court, 417 Bradford Road, Fartown, Huddersfield, HD22
£65012/240.66 mi-2
£87511/240.69 mi-2
£87501/240.74 mi-2
£80004/240.79 mi-2
£62512/240.8 miSands Terrace, Huddersfield2
£75012/240.85 miAbbey Road, Fartown2
£65012/240.85 miLeeds Road, Huddersfield2
£62004/240.98 mi-2
£65011/240.98 mi-2
£49512/240.99 mi-2
£75012/241 mi-2
£52504/251.02 mi-2
£60012/241.02 mi-2
£67512/241.03 miScholes Road, Birkby2
£60012/241.08 miLeeds Road, Huddersfield, HD12
£52512/241.14 mi-2
£67501/241.21 mi-2
£65012/241.23 mi-2
£55012/231.24 mi-2

Local Area Statistics

Population in HD2

28,723

Population in Huddersfield

200,145

Town centre distance

2.51 miles away

Nearest school

0.10 miles away

Nearest train station

0.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+0%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £67,500

-40%

September 20, 2024

Sold for £94,626

2008

Floor Plans

Description

  • 2 BED GROUND FLOOR APARTMENT +
  • TENANT IN SITU (£530 PCM) +
  • ALLOCATED PARKING SPACE +
  • IDEAL INVESTMENT PROPERTY +
  • 9% GROSS YIELD +
  • BUILT IN 2007 +

Built in 2007, this modern 2 bedroom, ground floor apartment is situated in this residential location, approximately 2 miles from Huddersfield town centre. Providing an ideal investment property, to serious Buy To Let Investors only, with tenant in situ, the existing tenancy producing £7,740 rental income per annum (£645 pcm).
With uPVC double glazing and electric heating, the property would make an ideal purchase for those looking for a buy-to-let investment.
With accommodation comprising:- entrance hall, open plan lounge with kitchen area, 2 bedrooms and bathroom. The apartment also comes with 1 allocated parking space.
Energy Rating: C

Ground Floor: -

Entrance Hall - Having a wall mounted electric heater, boiler cupboard and cloaks cupboard.

Living Kitchen - 4.47m x 2.92m plus 3.18m x 2.49m (14'8" x 9'7" plu - Being L-shaped and open plan the living area is fitted with a uPVC double glazed window, wall mounted electric heater. The kitchen is fitted with a range of wall, drawer and base units with laminated work surface and part tiled walls. There is an electric hob with built-in oven and grill, overhead extractor fan and light, plumbing for a washing machine, 1.5 bowl stainless steel sink unit with mixer taps and side drainer, uPVC double glazed window and sunken low voltage lighting.

Bedroom 1 - 3.53m max x 3.07m max (11'7" max x 10'1" max) - With a uPVC double glazed window.

Bedroom 2 - 3.10m x 3.07m max (10'2" x 10'1" max) - With a uPVC double glazed window and recess for a wardrobe.

Bathroom - Furnished with a 3 piece white suite comprising low flush WC, pedestal wash basin, panelled bath with overhead shower and shower screen. There is a uPVC double glazed window and wall mounted electric heater.

Boundaries & Ownerships: - The boundaries and ownerships have not been checked on the title deeds for any discrepancies or rights of way. All prospective purchasers should make their own enquiries before proceeding to exchange of contracts.

Directions: - Leave Huddersfield via Bradford Road (A641), passing through the traffic lights at Fartown Bar continue straight ahead. At the roundabout proceed straight ahead and turn right into Long Hill Road. Proceed straight ahead at the next 3 roundabouts, turning right into Marlington Drive. The apartment block will be found on the left hand side.

Tenure: - Leasehold - Term: 125 years from 01/11/2007 / Rent: £150 per annum
Please note, the rent shown is likely to be historic and we would therefore advise all prospective purchasers to clarify the amount with their solicitors prior to the completion of a sale.

Tenant Rent And Service Charge: - Tenants rent: £645 pcm
Tenancy agreement started 17/02/2024

The service charge for 2023/2024 is £89.99 pcm - this information has been provided by the current owners. We would suggest all interest parties to make their own enquiries prior to a sale completing.

Council Tax Band: - A

Mortgages: - Bramleys have partnered up with a small selection of independent mortgage brokers who can search the full range of mortgage deals available and provide whole of the market advice, ensuring the best deal for you. YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.

Online Conveyancing Services: - Available through Bramleys in conjunction with leading local firms of solicitors. No sale no legal fee guarantee (except for the cost of searches on a purchase) and so much more efficient. Ask a member of staff for details.

Agent Details

Bramleys, Huddersfield

01484 627114

Next Steps?

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