2 Bed Bungalow, Refurb/BRRR, Mossley, OL5 9PA, £250,000

Queensway, Mossley, OL5 9PA - 3 views - 7 months ago

Sold STC
Leasehold
Refurb/BRRR
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£57.6K - £315K
Sold Prices/m²£1.2K/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£158,373

 

 

End Value (After Refurb)

£233,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£28,800

Bridging Loan Interest

£6,563

Total Cash In

£108,313

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£233,500

Mortgage (After Refinance)

£175,125

Mortgage LTV

75%

Cash Left In

£108,313

Equity

£58,375

Rent Range

£550 - £1,245

Rent Estimate

£806

Running Costs/mo

£911

Cashflow/mo

£-105

Cashflow/yr

£-1,259

Gross Yield

4%

Local Sold Prices

50 sold prices from £57.6K to £315K, average is £158.3K. £1.2K/m² to £3.9K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£178.8K07/230.05 mi26, Queensway, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PA2
£150K09/230.07 mi11, Cemetery Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PQ2
£272.5K09/220.12 mi99, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PL2
£175K05/230.18 mi24, Denbigh Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PB2
£144K12/200.18 mi21, Brunswick Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NX2
£151.5K07/210.18 mi49, Brunswick Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NX2
£140K01/210.18 mi47, Brunswick Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NX2
£129K12/200.19 mi14, Tabley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PD2
£160K05/230.19 mi10, Tabley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PD2
£160K02/230.22 mi10, Derby Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NU2
£156.5K04/240.22 mi51, Cheshire Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NW2
£232K12/220.22 mi26, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£80K07/210.23 mi35, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£240K07/220.23 mi37, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£170K11/200.23 mi8, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£147K01/240.23 mi28, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£176K02/230.24 mi32, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£57.6K02/230.25 mi33, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£210K06/220.26 mi10, Richmond Crescent, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LQ2
£235K11/220.27 mi8, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£125K08/230.28 mi53, Egmont Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NB2
£142K03/240.28 mi27, Egmont Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NB2
£175K12/230.29 mi5, Audley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NQ2
£146K05/210.3 mi2, Stanhope Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LX2
£152K08/230.3 mi16, Stanhope Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LX2
£127.5K11/200.3 mi1, Bury Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9ND2
£144K01/210.3 mi5, Audley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NQ2
£145K02/240.31 mi55, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LZ2
£182K02/240.31 mi67, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LZ2
£175K02/230.31 mi71, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LZ2
£90K04/210.31 mi51, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LZ2
£202K03/230.32 mi101, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LU2
£112K05/210.33 mi59, Micklehurst Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JF2
£140K03/210.33 mi49, Micklehurst Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JF2
£140K02/210.33 mi37, Micklehurst Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JF2
£160K03/210.34 mi32, King Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9HX2
£145K06/210.34 mi26, King Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9HX2
£167.5K05/210.35 mi121, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AA2
£148.5K02/210.37 mi72, Bury Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9HN2
£142K06/210.38 mi11, Andrews Buildings, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JH2
£145K02/210.38 mi34, Highfield Drive, Mossley, Ashton-under-lyne, Greater Manchester OL5 0DW2
£160K02/210.4 mi67, Andrew Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 0DL2
£178K07/210.42 mi23, Andrew Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 0DN2
£315K03/240.44 mi8, The Manse, Mossley, Ashton-under-lyne, Greater Manchester OL5 0DP2
£255K03/230.44 mi18, Stablefold, Mossley, Ashton-under-lyne, Greater Manchester OL5 0DJ2
£280K04/220.47 mi11, Stablefold, Mossley, Ashton-under-lyne, Greater Manchester OL5 0DJ2
£141.5K03/210.48 mi6, Fox Platt Terrace, Mossley, Ashton-under-lyne, Greater Manchester OL5 0AH2
£200K08/230.48 mi6, Fox Platt Terrace, Mossley, Ashton-under-lyne, Greater Manchester OL5 0AH2
£170.5K09/230.48 mi4, Park Terrace, Mossley, Ashton-under-lyne, Greater Manchester OL5 0AU2
£180K05/210.49 mi3a, Moorgate Road, Carrbrook, Stalybridge, Greater Manchester SK15 3NF2

Local Rents

20 rents from £550/mo to £1.2K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£75006/240.21 mi-2
£82511/230.21 mi-2
£72512/230.21 mi-2
£79510/240.21 mi-2
£75006/240.24 mi-2
£85004/250.24 mi-2
£75006/240.24 mi-2
£79502/240.28 mi-2
£55010/240.29 mi-2
£79512/230.29 mi-2
£79512/230.29 mi-2
£85008/240.39 miWaggon Road, Mossley, Ashton-Under-Lyne, OL52
£85006/240.39 miWaggon Road, Ashton-under-lyne, OL52
£80011/230.39 mi-2
£82501/250.39 mi-2
£79503/240.49 miPark Street, OL52
£85008/240.51 miCarter Street, Mossley, Ashton-under-Lyne, Greater Manchester, OL52
£1,24503/240.56 miStamford Road, OL52
£80006/240.59 miBorder Mill Fold, Mossley, Ashton-under-Lyne, Greater Manchester, OL52
£69507/240.6 mi-2

Local Area Statistics

Population in OL5

10,957

Town centre distance

0.52 miles away

Nearest school

0.40 miles away

Nearest train station

0.50 miles away

 

 

Rental growth (12m)

+49%

Sales demand

Balanced market

Capital growth (5yrs)

+44%

Property History

Listed for £250,000

September 30, 2024

Floor Plans

Description

  • NO CHAIN +
  • POPULAR MOSSLEY +
  • 2 BED TRUE BUNGALOW +
  • DRIVEWAY & GARAGE +
  • LOVELY GARDEN TO REAR WITH VIEWS +
  • SOME MODERNISATION REQUIRED +
  • CLOSE TO LOCAL AMENITIES +
  • LEASEHOLD - 941 YEARS REMAINING +
  • COUNCIL TAX BAND - C +
  • EPC RATING - tbc +

NO CHAIN - Situated in ever popular Bottom Mossley this semi detached true bungalow offers lots of potential for those looking to downsize. EPC - D.

A spacious true bungalow in need of modernisation situated in popular Bottom Mossley with lovely views from the garden providing an ideal home for those looking to downsize.

With no onward chain viewing comes highly recommended and will reveal an entrance porch, lounge with gas fireplace along with an open plan dining room and kitchen fitted with matching units, electric double oven and gas hob.

There are two double bedrooms, one with fitted wardrobes and main bathroom fitted with a white three piece suite comprising deep panelled bath with shower over, pedestal wash hand basin and low level wc.

The property is gas central heated via a combination boiler and the windows are uPVC double glazed throughout.

Externally there is a lawn garden to front with driveway parking for multiple cars leading to a single garage.
To the rear there is a well kept garden with paved patio and mature garden beyond backing onto the cemetery with lovely views over Mossley.

Queensway is situated just off Denbigh Street and in turn Staley Road close to a range of local shops and amenities along with Mossley train station providing direct links to both Manchester and West Yorkshire.
There are plenty of countryside and canal side walks nearby along with the sought after Mossley Hollins High School and delightful Saddleworth villages.

Agent Details

Ryder & Dutton, Uppermill

01457 602739

Next Steps?

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