2 Bed Terraced House, Refurb/BRRR, Huddersfield, HD3 4UZ, £110,000

Prospect Road, Longwood, Huddersfield, HD3 4UZ - 7 views - 6 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 2%
~68 m²
+6 photos

ValuationFair Value

Sold Prices£89.5K - £330K
Sold Prices/m²£1.1K/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£112,200

 

 

End Value (After Refurb)

£133,509

Uplift in Value

+21%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£28,876

Bridging Loan Interest

£2,888

Total Cash In

£65,514

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£133,509

Mortgage (After Refinance)

£100,132

Mortgage LTV

75%

Cash Released

£17,632

Cash Left In

£47,882

Equity

£33,377

Rent Range

£625 - £850

Rent Estimate

£704

Running Costs/mo

£578

Cashflow/mo

£126

Cashflow/yr

£1,512

ROI

2%

Gross Yield

8%

Local Sold Prices

50 sold prices from £89.5K to £330K, average is £143.5K. £1.1K/m² to £3.5K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£95K02/210.03 mi101, Longwood Gate, Longwood, Huddersfield, West Yorkshire HD3 4UU2
£153K12/200.07 mi5, Grove Nook, Longwood, Huddersfield, West Yorkshire HD3 4UD2
£113.5K02/210.13 mi155, Longwood Gate, Longwood, Huddersfield, West Yorkshire HD3 4XF2
£180K09/210.14 mi34, Stoney Lane, Longwood, Huddersfield, West Yorkshire HD3 4TL2
£95K10/210.16 mi5, Hall Street, Huddersfield, West Yorkshire HD3 4XE2
£166.7K11/210.18 mi35, Longwood Gate, Longwood, Huddersfield, West Yorkshire HD3 4UP2
£105K04/210.18 mi10, Longwood Gate, Longwood, Huddersfield, West Yorkshire HD3 4UP2
£145K03/210.19 mi82, Leymoor Road, Huddersfield, West Yorkshire HD3 4SW2
£138.6K09/210.21 mi6, Parkland Avenue, Longwood, Huddersfield, West Yorkshire HD3 4PB2
£135K03/210.22 mi2, Sunnybank View, Longwood, Huddersfield, West Yorkshire HD3 4JH2
£115K06/210.24 mi87, Wood Street, Longwood, Huddersfield, West Yorkshire HD3 4RG2
£127.5K12/200.29 mi51, Church Street, Longwood, Huddersfield, West Yorkshire HD3 4TQ2
£147.5K04/230.29 mi51, Church Street, Longwood, Huddersfield, West Yorkshire HD3 4TQ2
£140K07/230.32 mi80, Botham Hall Road, Huddersfield, West Yorkshire HD3 4RH2
£142K01/210.32 mi116, Botham Hall Road, Huddersfield, West Yorkshire HD3 4RH2
£92.5K02/210.32 mi22, Church Street, Longwood, Huddersfield, West Yorkshire HD3 4SY2
£160K12/220.32 mi151, Leymoor Road, Golcar, Huddersfield, West Yorkshire HD7 4QX2
£170K12/200.34 mi16, Lamb Hall Road, Huddersfield, West Yorkshire HD3 4XQ2
£154K12/220.39 mi5, Mulberry Court, Golcar, Huddersfield, West Yorkshire HD7 4DN2
£137K02/210.39 mi9, Ryefields Avenue, Huddersfield, West Yorkshire HD3 4YU2
£145K12/230.39 mi35, Mulberry Court, Golcar, Huddersfield, West Yorkshire HD7 4DN2
£112K04/210.41 mi10, Thornhill Road, Longwood, Huddersfield, West Yorkshire HD3 4UL2
£245K09/210.42 mi235, Leymoor Road, Golcar, Huddersfield, West Yorkshire HD7 4QP2
£95K02/210.44 mi25, Rufford Road, Huddersfield, West Yorkshire HD3 4RR2
£100.5K05/210.44 mi21, Rufford Road, Huddersfield, West Yorkshire HD3 4RR2
£130K04/230.46 mi30, Birks Road, Longwood, Huddersfield, West Yorkshire HD3 4TD2
£192K11/220.46 mi4, Hollyfield Avenue, Huddersfield, West Yorkshire HD3 4FX2
£106K12/200.47 mi34, Rufford Road, Huddersfield, West Yorkshire HD3 4RN2
£255K10/220.47 mi235, Leymoor Road, Golcar, Huddersfield, West Yorkshire HD7 4QP2
£185K09/210.47 mi33, Cornfield Avenue, Huddersfield, West Yorkshire HD3 4FY2
£209.9K11/200.49 mi28, Parkwood Road, Golcar, Huddersfield, West Yorkshire HD7 4QW2
£122.5K04/210.51 mi53 - 55, Quarmby Fold, Huddersfield, West Yorkshire HD3 4YT2
£89.5K05/230.52 mi11, Greenfield Avenue, Oakes, Huddersfield, West Yorkshire HD3 4FT2
£142K07/210.52 mi53, Longfield Avenue, Golcar, Huddersfield, West Yorkshire HD7 4BT2
£200K07/230.52 mi57, Longfield Avenue, Golcar, Huddersfield, West Yorkshire HD7 4BT2
£170K03/210.54 mi21, Celandine Drive, Salendine Nook, Huddersfield, West Yorkshire HD3 3UT2
£177K11/200.54 mi24, Celandine Drive, Salendine Nook, Huddersfield, West Yorkshire HD3 3UT2
£120K02/210.55 mi362, New Hey Road, Oakes, Huddersfield, West Yorkshire HD3 4GQ2
£125K04/230.56 mi234, Quarmby Road, Huddersfield, West Yorkshire HD3 4FA2
£330K11/220.57 mi69, Raw Nook Road, Huddersfield, West Yorkshire HD3 3UX2
£116K08/210.57 mi41, Raw Nook Road, Huddersfield, West Yorkshire HD3 3UX2
£119K03/230.58 mi264, Leymoor Road, Golcar, Huddersfield, West Yorkshire HD7 4QL2
£225K06/210.58 mi28, Tanyard Road, Oakes, Huddersfield, West Yorkshire HD3 4YW2
£145K04/210.59 mi201, New Hey Road, Oakes, Huddersfield, West Yorkshire HD3 4GD2
£148K10/230.59 mi35, East Street, Golcar, Huddersfield, West Yorkshire HD7 4BS2
£252K04/210.6 mi26, Stratford Close, Golcar, Huddersfield, West Yorkshire HD7 4BU2
£151K04/210.6 mi3, Stratford Close, Golcar, Huddersfield, West Yorkshire HD7 4BU2
£155K12/210.61 mi282, New Hey Road, Oakes, Huddersfield, West Yorkshire HD3 4GE2
£95K06/230.61 mi9, Barlbrough Place, Huddersfield, West Yorkshire HD3 4PR2
£146K05/210.63 mi7, Charles Avenue, Huddersfield, West Yorkshire HD3 4GF2

Local Rents

16 rents from £625/mo to £850/mo, average is £688/mo.

RentDateDistanceAddressBeds 
£65003/240.16 mi-2
£85001/240.17 mi-2
£76512/240.26 miSunny Bank View, Longwood2
£65002/240.32 mi-2
£67504/240.44 miQuarmby Road, Quarmby, Huddersfield2
£68011/240.45 mi-2
£75004/250.45 mi-2
£69504/250.48 mi-2
£65007/230.48 mi-2
£65005/240.55 miLeymoor Road, Golcar, Huddersfield, HD72
£65012/240.55 miLeymoor Road, Golcar, Huddersfield, HD72
£79512/240.57 mi-2
£79504/240.58 mi-2
£62512/240.59 miQuarmby Road, Quarmby, Huddersfield, HD32
£69504/240.59 miEast Street, Golcar, Huddersfield2
£79503/250.59 mi-2

Local Area Statistics

Population in HD3

29,493

Population in Huddersfield

200,145

Town centre distance

1.73 miles away

Nearest school

0.40 miles away

Nearest train station

1.84 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £110,000

October 17, 2024

Floor Plans

Description

  • Two Bedrooms +
  • End Terrace +
  • Central Heating +
  • Renovation Project +

Situated in a peaceful and sought-after neighborhood, this end-terrace back-to-back property presents an opportunity for investors looking to expand their portfolio. While it offers a blend of comfort and convenience, prospective buyers can assess its potential.This property presents an excellent opportunity for developers and investors looking to add value through renovation. The ground floor boasts an open-plan layout, offering flexibility and the potential to create a spacious, modern living area that suits today's lifestyle preferences. The open plan design provides a blank canvas for creative reconfiguration, whether it's to enhance flow, maximize natural light, or incorporate stylish, contemporary finishes. Upstairs, the property features two generously sized double bedrooms, both offering ample space and great potential. These rooms could easily be transformed into comfortable, inviting spaces, ideal for tenants or future homeowners. The size and layout of the bedrooms also offer flexibility to redesign, possibly creating a third bedroom or additional living areas, depending on the needs of the renovation project. Although the property is in need of a full renovation, this only adds to its appeal for developers or investors with vision. Whether you're looking to flip the property for resale or create a high-demand rental unit, the potential return on investment is significant. With the right updates and improvements, this home could be transformed into a stylish, modern residence, ready to meet the demands of today's market. This is a fantastic project for anyone seeking to unlock the full potential of a property through renovation, offering scope for creativity 

ADDITIONAL INFORMATION Council Tax:A
EPC:E
Tenure: TBC
Parking: Street Parking
What3Words: TBC 

UTILITIES Gas:TBC
Electric:TBC
Water:TBC
Heating:TBC
Broadband:Ultrafast Full Fibre
Mobile Coverage: 4G/5G available - check with your provider 

AGENT NOTES 1.MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER CORNERSTONE ESTATE AGENTS (YORKSHIRE) LIMITED NOR ANY OF ITS EMPLOYEES HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Cornerstone Estate Agents, Huddersfield

01484 428336

Next Steps?

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