5 Bed Detached House, Refurb/BRRR, Ashbourne, DE6 5NP, £595,000

Petworth House, Doveridge, Derbyshire, DE6 5NP - 6 months ago

Sold STC
Refurb/BRRR
~178 m²
+11 photos

ValuationOvervalued

Sold Prices£281K - £912.5K
Sold Prices/m²£1.8K/m² - £3.9K/m²

 

 

Square Metres

~178.28 m²
Price/m²£3.3K/m²

Value Estimate

£383,332

 

 

End Value (After Refurb)

£498,662

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£148,750

Stamp Duty & Legal Fees

£50,700

Refurb Costs

£72,244

Bridging Loan Interest

£15,619

Total Cash In

£289,063

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£498,662

Mortgage (After Refinance)

£373,997

Mortgage LTV

75%

Cash Left In

£289,063

Equity

£124,666

Rent Range

£525 - £8,000

Rent Estimate

£1,518

Running Costs/mo

£1,882

Cashflow/mo

£-364

Cashflow/yr

£-4,367

Gross Yield

3%

Local Sold Prices

16 sold prices from £281K to £912.5K, average is £507.5K. £1.8K/m² to £3.9K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£456.8K06/231.49 mi35, Leighton Road, Uttoxeter, Staffordshire ST14 8BL5
£383.5K12/221.54 mi65, Carter Street, Uttoxeter, Staffordshire ST14 8EY5
£525K01/241.54 mi50, Highwood Road, Uttoxeter, Staffordshire ST14 8BJ5
£540K09/231.61 mi4, Smallcross Close, Uttoxeter, Staffordshire ST14 8XU5
£420K03/211.67 mi3, Spencer Close, Uttoxeter, Staffordshire ST14 8YA5
£281K03/211.68 mi24, Westward Close, Uttoxeter, Staffordshire ST14 7BJ5
£380K02/211.73 mi18, Demontfort Way, Uttoxeter, Staffordshire ST14 8XY5
£505K04/231.73 mi65, Demontfort Way, Uttoxeter, Staffordshire ST14 8XY5
£615K04/231.73 mi59, Demontfort Way, Uttoxeter, Staffordshire ST14 8XY5
£390K08/232 mi10, The Meadows, Uttoxeter, Staffordshire ST14 7DF5
£585K12/202.12 mi3, Chartley Gate Close, Uttoxeter, Staffordshire ST14 8DX5
£380K02/212.16 mi56, Stafford Road, Uttoxeter, Staffordshire ST14 8DN5
£526K10/202.18 mi10, Stanway Close, Uttoxeter, Staffordshire ST14 8UZ5
£510K02/212.31 miThe Gables, Allens Lane, Marchington, Uttoxeter, Staffordshire ST14 8LA5
£912.5K05/232.42 miNew House, Hollington Lane, Stramshall, Uttoxeter, Staffordshire ST14 5AJ5
£870K03/212.43 miYew Tree House, High Street, Marchington, Uttoxeter, Staffordshire ST14 8LD5

Local Rents

41 rents from £525/mo to £8K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£77509/241.1 miDerby Road, Uttoxeter ST14 8EA2
£71509/241.27 mi-2
£79509/241.27 miChamberlain Close, Uttoxeter, Staffordshire, ST142
£75009/241.29 miChamberlain Close, Uttoxeter, ST14 8ET2
£8,00011/241.3 mi-12
£8,00009/241.3 mi-12
£6,00003/251.3 mi-12
£65009/241.32 miBridge Street, Uttoxeter ST14 8AP2
£6,50006/241.33 mi-12
£82003/251.38 mi-2
£75009/241.39 miMarket Place, UTTOXETER2
£80004/251.4 mi-2
£80009/241.4 miWharfe Close, Uttoxeter2
£82509/241.44 miSpiceal Mews, Uttoxeter, ST14 8HT2
£72509/241.45 miHedley House, Uttoxeter2
£1,08509/241.47 miHighwood Road, Uttoxeter, Staffordshire ST14 8BG3
£52509/241.53 miBalance Street, Uttoxeter1
£1,00008/241.53 mi-3
£72509/241.57 mi-2
£82511/241.57 mi-2
£75009/241.59 mi-2
£80009/241.61 mi-3
£80009/241.61 mi-3
£80010/241.61 mi-3
£76509/241.61 miNew Street, Uttoxeter, Staffordshire ST14 7QS2
£71009/241.63 miStone Road, Uttoxeter2
£79509/241.63 mi-2
£79509/241.65 miLark Rise, Uttoxeter2
£79509/241.76 miRobin Close, Uttoxeter2
£1,15007/241.83 mi-3
£1,10009/241.83 mi-3
£1,20008/241.84 mi-3
£99509/241.84 miSorrel Close, Uttoxeter, Staffordshire ST14 8UP3
£70009/241.86 miWestlands Road, Uttoxeter ST14 8DJ3
£1,45009/241.9 miHolly Road, Uttoxeter3
£1,50009/242.09 miIvy Cottage, Bramshall, Uttoxeter3
£1,26009/242.16 mi-3
£1,20009/242.22 mi-4
£89509/242.29 miHill Close, Uttoxeter, ST14 7JA3
£77509/242.32 miMarlborough Way, Uttoxeter2
£1,20009/242.43 miFradgley Grove, Uttoxeter4

Local Area Statistics

Population in DE6

25,599

Town centre distance

8.72 miles away

Nearest school

0.50 miles away

Nearest train station

1.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+194%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Listed for £595,000

October 24, 2024

Floor Plans

Description

  • A period property +
  • Four reception rooms +
  • A breakfast kitchen +
  • Five bedrooms, two bathrooms +
  • A range of brick outbuildings and garaging +
  • Grounds extending to circa 3.09 acres +
  • Situated in a popular village +
  • In need of modernisation +
  • Best Offers Invited by 14th November 2024 +

*Best Offers Invited*

The deadline for Best Offers is now no later than midday on Thursday 14th November 2024. Further details are available upon request.

A detached property in need of modernisation, set within generous grounds extending in all to circa 3.09 acres.

A detached red brick property dating back in part to the late 18th century and extended in the 20th century. The property is believed to have been built as the agent’s house for Doveridge Hall, and is Grade II Listed. The internal accommodation extends in all to around 3,154 sq.ft (GIA), is in need of modernisation, and offers significant potential.

The house is supported by a range of traditional attached brick stores, detached garaging and a modern outbuilding housing a workshop, potting shed and greenhouses. The generous gardens and grounds extend in all to circa 3.09 acres.

Ground floor
• A reception hall with stairs rising to the first floor
• Guest cloakroom and WC
• A spacious drawing room and a snug
• A sitting room featuring a fireplace, and with an adjoining dining area
• A breakfast kitchen fitted with a range of cabinets
• A garden room with French doors opening onto a south-facing terrace, and a further door opening into the rear garden

First floor
• The principal bedroom features a Juliet balcony and a five-piece en suite bathroom
• There are four further bedrooms, a family bathroom, WC and a walk-in closet/store

Outside
• Petworth House is approached along a gravel driveway, and accessed via a pair of wrought iron gates set between pillars which leads to a large turning circle
• The grounds extend in all to around 3.09 acres to include walled gardens, grassland and woodland
• An attached range of traditional brick outhouses
• A modern detached brick outbuilding housing a workshop, potting shed and greenhouses
• A detached double garage
• A former swimming pool area
• The grounds enjoy good levels of privacy

Situation
Petworth House is situated on the edge of the popular village of Doveridge, which has an active community with a village club, The Cavendish Arms pub, and St Cuthbert's Church. There is also a post office/village store and a primary school. The village is recorded as being in existence in Saxon times, but may have earlier origins, and retains a great range of historical properties many of which are listed.
The village is very well placed for accessing the major road networks in the area including the A50, which links the M1 and the M6, and A38. Uttoxeter railway station is about 3 miles away, and East Midlands Airport about 27 miles away.
Schooling in the wider area includes Denstone College, Abbotsholme School, Derby High School and Derby Grammar School.

Services
Services to the property are unknown. It is assumed that mains services are either connected or within close proximity, however it is reccommended interested parties make their own investigations. None of the services or appliances, heating installations, plumbing or electrical systems have been tested by the selling agents.
The estimated fastest download speed currently achievable for the property postcode area is around 62 Mbps (data taken from checker.ofcom.org.uk on 16/10/2024). Actual service availability at the property or speeds received may be different.
We understand that the property is likely to have current mobile coverage outdoors (data taken from checker.ofcom.org.uk on 16/10/2024). Please note that actual services available may be different depending on the particular circumstances, precise location and network outages.

Tenure
The property is to be sold freehold with vacant possession.
The property will be subject to first registration.

Method of Sale
The property is to be sold by Private Treaty method.

Covenants
It is understood that the property is subject to existing covenants, however, details are not yet available and conditional offers will be considered, subject to further confirmation. Further details are available upon request.

Listing
Heritage Category: Listed Building
Grade: II
List Entry Number: 1237729

Local Authority
Derbyshire Dales District Council
Council Tax Band: G

Public Rights of Way, Wayleaves and Easements
The property is sold subject to all rights of way, wayleaves and easements whether or not they are defined in this brochure.
It is anticipated that ownership and maintenance/responsibilities of the shared access drive will be retained by Petworth House together with all connected costs.

Plans and Boundaries
The plans within these particulars are based on Ordnance Survey data and provided for reference only. They are believed to be correct but accuracy is not guaranteed. The purchaser shall be deemed to have full knowledge of all boundaries and the extent of ownership. Neither the vendor nor the vendor’s agents will be responsible for defining the boundaries or the ownership thereof.

Viewings
Strictly by appointment through Fisher German LLP.

Directions
Postcode – DE6 5NP
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Agent Details

Fisher German, Covering the Midlands

03301 759762

Next Steps?

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