3 Bed Semi-Detached House, Refurb/BRRR, Ashton-under-Lyne, OL6 8QW, £325,000

Broadoak Road, Ashton-under-Lyne, Greater Manchester, OL6 8QW - 3 views - 7 months ago

Sold STC
Refurb/BRRR
~93 m²
+12 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£39,428

Bridging Loan Interest

£8,531

Total Cash In

£145,660

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£302,500

Mortgage (After Refinance)

£226,875

Mortgage LTV

75%

Cash Left In

£145,660

Equity

£75,625

Rent Range

£750 - £2,500

Rent Estimate

£1,106

Running Costs/mo

£1,187

Cashflow/mo

£-81

Cashflow/yr

£-966

Gross Yield

4%













Local Rents

42 rents from £750/mo to £2.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,30007/240.15 miPoplar Grove, Ashton - Under - Lyne, OL63
£1,30008/240.15 miPoplar Grove, Ashton - Under - Lyne, OL63
£1,30007/240.15 miSycamore Crescent, Ashton Under Lyne, 3
£1,10007/240.18 mi-3
£1,15006/240.22 miVicarage Road, Ashton-Under-Lyne, OL73
£1,15006/240.22 mi-3
£1,15006/240.22 mi-3
£99512/230.25 mi-3
£1,20006/240.41 mi-3
£1,20006/240.41 miAtlas Street, Ashton-Under-Lyne, OL73
£1,10006/240.41 miBroadoak Road, Ashton-Under-Lyne, Greater Manchester, OL63
£1,10006/240.42 mi-3
£1,00008/240.44 mi-3
£1,10009/240.44 mi-3
£1,15007/240.44 miElgin Street, Ashton-Under-Lyne, OL73
£75006/240.45 miMinto Street, Ashton-Under-Lyne3
£1,25004/250.46 mi-3
£2,50004/250.46 mi-3
£1,10007/240.47 miNewmarket Road, Ashton Under Lyne, 3
£1,25006/240.48 mi-3
£95001/250.49 mi-3
£1,20010/240.5 mi-3
£1,10006/240.51 miStore Street, Ashton-under-Lyne, Greater Manchester, OL73
£1,00007/240.52 miDownshaw Road, Ashton-Under-Lyne, Greater Manchester, OL73
£1,00008/240.55 miWhiteacre Road, Ashton Under Lyne, 3
£97505/240.56 mi-3
£97505/240.56 mi-3
£95008/240.57 miNewmarket Road, Ashton-Under-Lyne, OL73
£1,20006/240.59 mi-3
£1,25006/240.59 mi-3
£1,20004/250.59 mi-3
£1,30002/250.59 mi-3
£1,20004/250.59 mi-3
£99508/240.6 mi-3
£99507/240.6 miRussell Street, Ashton-Under-Lyne, OL63
£1,00006/240.61 miPrincess Street, Ashton-Under-Lyne, OL63
£1,00006/240.61 mi-3
£1,00006/240.61 mi-3
£1,19509/240.62 mi-3
£1,19507/240.62 miGuildford Drive, Ashton-Under-Lyne, OL63
£1,19507/240.62 miGuildford Drive, Ashton-Under-Lyne, OL63
£1,10012/240.62 mi-3

Local Area Statistics

Population in OL6

28,677

Population in Ashton-under-Lyne

45,510

Town centre distance

0.01 miles away

Nearest school

0.20 miles away

Nearest train station

0.51 miles away

 

 

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £325,000

September 26, 2024

Floor Plans

Description

This charming three-bedroom semi-detached property is perfectly positioned on the highly desirable Broadoak Road in Ashton, offering the ideal combination of a peaceful residential setting with excellent access to local amenities. Benefiting from outstanding transport links and being within close proximity to reputable schools, this home is perfect for families or professionals seeking space, convenience, and potential for further development.

Internal Features: Upon entering, the property welcomes you with a bright and airy porch, leading into a spacious hallway. The ground floor offers an expansive living room, perfect for relaxation or entertaining, which enjoys ample natural light from its bay fronted windows. The separate dining room to the rear of the property provides a versatile space for family meals or social gatherings.

The kitchen is also to the rear of the property, with potential for modernisation, leads to the rear garden. Together, these spaces offer generous proportions and a functional layout that can be easily adapted to suit modern living.

Heading upstairs, the property boasts a large landing area with access to three spacious bedrooms. The front of the home features an impressive main bedroom, while the rear offers two further double bedrooms, both overlooking the garden. The family bathroom, located on the first floor, provides scope for renovation, with a separate toilet for added convenience.

External Features: The exterior of the property continues to impress, as the property is situated on a private road serving only a few houses, set back off the main road. A large driveway that provides ample off-road parking with further spare space to make the driveway larger if wanted by the occupier. The front of the home is complemented by a well-maintained garden frontage, adding curb appeal.

To the side, a generously sized garage offers plenty of space for storage or potential conversion, with an additional outbuilding for further versatility. The rear garden is a standout feature, boasting both patio and grassy areas ideal for outdoor entertaining, gardening, or simply enjoying the outdoors.

This home presents an exciting opportunity to create a modern and spacious family residence in a prime Ashton location, with ample potential for future extensions or improvements.

Don’t miss the chance to make this property your own!

Agent Details

Bridgfords, Ashton-Under-Lyne

0161 524 4113

Next Steps?

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