2 Bed Terraced House, Cash/Bridging Only, Mossley, OL5 9LN, £185,000

4 Mansfield View, Ashton-under-lyne, Greater Manchester, OL5 9LN - 3 views - 6 months ago

Sold STC
Cash
ROI: 2%
55 m²
+14 photos

ValuationOvervalued

Sold Prices£57.6K - £272.5K
Sold Prices/m²£1.2K/m² - £3.9K/m²

 

 

Square Metres

55 m²
Price/m²£3.4K/m²

Value Estimate

£118,690

 

 

End Value (After Refurb)

£165,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Refurb Costs

£23,256

Bridging Loan Interest

£4,856

Total Cash In

£82,862

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£165,000

Mortgage (After Refinance)

£123,750

Mortgage LTV

75%

Cash Left In

£82,862

Equity

£41,250

Rent Range

£550 - £1,245

Rent Estimate

£804

Running Costs/mo

£696

Cashflow/mo

£108

Cashflow/yr

£1,291

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £57.6K to £272.5K, average is £150.8K. £1.2K/m² to £3.9K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£142K06/210.06 mi11, Andrews Buildings, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JH2
£225K10/220.1 mi11, Marle Rise, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LJ2
£112K05/210.12 mi59, Micklehurst Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JF2
£140K03/210.12 mi49, Micklehurst Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JF2
£140K02/210.12 mi37, Micklehurst Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JF2
£127K06/220.15 mi62, Winterford Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9EQ2
£210K06/220.18 mi10, Richmond Crescent, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LQ2
£176K02/230.22 mi32, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£80K07/210.23 mi35, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£147K01/240.23 mi28, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£160K02/230.23 mi10, Derby Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NU2
£160K03/210.24 mi32, King Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9HX2
£145K06/210.24 mi26, King Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9HX2
£129K12/200.24 mi14, Tabley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PD2
£160K05/230.24 mi10, Tabley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PD2
£117K10/200.24 mi57, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PE2
£125K10/200.27 mi28, Denbigh Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PB2
£175K05/230.27 mi24, Denbigh Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PB2
£57.6K02/230.27 mi33, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£144K12/200.28 mi21, Brunswick Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NX2
£151.5K07/210.28 mi49, Brunswick Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NX2
£140K01/210.28 mi47, Brunswick Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NX2
£165K07/230.28 mi16, The Uplands, Mossley, Ashton-under-lyne, Greater Manchester OL5 9EZ2
£240K07/220.3 mi37, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£170K11/200.3 mi8, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£235K11/220.3 mi8, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£232K12/220.31 mi26, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£165K08/230.32 mi71, Station Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9EB2
£130K04/210.32 mi55, Station Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9EB2
£156.5K04/240.33 mi51, Cheshire Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NW2
£272.5K09/220.33 mi99, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PL2
£150K09/230.34 mi11, Cemetery Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PQ2
£175K12/230.36 mi5, Audley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NQ2
£178.8K07/230.37 mi26, Queensway, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PA2
£144K01/210.37 mi5, Audley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NQ2
£148.5K02/210.49 mi72, Bury Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9HN2
£135K10/200.51 mi315, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AT2
£177K06/230.51 mi315, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AT2
£180K11/220.52 mi325, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AY2
£245K12/220.52 mi283, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AN2
£135K01/210.53 mi279, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AN2
£185K12/220.53 mi227, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AN2
£167.5K05/210.53 mi121, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AA2
£146K05/210.55 mi2, Stanhope Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LX2
£152K08/230.55 mi16, Stanhope Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LX2
£117K03/230.55 mi3, Higher Newtons, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AZ2
£125K08/230.55 mi53, Egmont Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NB2
£142K03/240.55 mi27, Egmont Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NB2
£187K11/220.55 mi341, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AY2
£135K08/210.55 mi110, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AY2

Local Rents

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

RentDateDistanceAddressBeds 
£55010/240.17 mi-2
£69507/240.2 mi-2
£75006/240.21 mi-2
£85002/250.21 mi-2
£75006/240.21 mi-2
£75006/240.23 mi-2
£82511/230.24 mi-2
£72512/230.24 mi-2
£79511/240.24 mi-2
£79512/230.36 mi-2
£79512/230.36 mi-2
£80006/240.43 miBorder Mill Fold, Mossley, Ashton-under-Lyne, Greater Manchester, OL52
£85008/240.43 miWaggon Road, Mossley, Ashton-Under-Lyne, OL52
£85006/240.44 miWaggon Road, Ashton-under-lyne, OL52
£80011/230.46 mi-2
£82501/250.46 mi-2
£79502/240.55 mi-2
£1,24503/240.57 miStamford Road, OL52

Local Area Statistics

Population in OL5

10,957

Town centre distance

0.49 miles away

Nearest school

0.10 miles away

Nearest train station

0.56 miles away

 

 

Rental growth (12m)

+49%

Sales demand

Balanced market

Capital growth (5yrs)

+44%

Property History

Listed for £185,000

October 30, 2024

Sold for £140,000

2021

Sold for £105,000

2009

Floor Plans

Description

  • Two Bedroom Modern Mews Property +
  • Fitted Dining Kitchen +
  • New Fitted Upvc Double Glazing +
  • New Bathroom Suite +
  • Parking for Three/Four Cars +
  • Gardens - Popular Location +

Located in a popular location is this ready to move into two bedroom modern mews property being ideal for the first time buyer or buy to let investors and being conveniently located close to shops, schools and transport links.

The well planned and deceptively spacious accommodation briefly comprises: Entrance porch, good sized lounge and a fitted dining kitchen to the ground floor. Whilst to the first floor there are two good sized bedrooms and a newly fitted bathroom/WC. To the outside the property benefits from an excellent sized driveway to the front providing parking for three/four vehicles with the rear garden being of an excellent size, tiered with timber shed and gate to walkway. The property further benefits from gas central heating and Upvc double glazing ensuring that this property will appeal to even the most discerning of purchasers.

Popular Location - Viewing Highly Recommended!

Ground Floor -

Porch - Composite double glazed front door, door to lounge.

Lounge - 4.50m x 3.78m (14'9" x 12'5") - Double glazed window to front, stairs to first floor, radiator, door to:

Kitchen/Dining Room - 2.55m x 3.78m (8'4" x 12'5") - Double glazed window to rear, fitted with a range of wall and base units with worksurface over, inset sink and drainer with mixer tap, tiled splashbacks, built in oven and hob with extractor over, plumbing for washing machine, space for fridge/freezer, radiator, door to rear garden.

First Floor -

Landing - Doors to:

Bedroom 1 - 3.57m x 3.78m (11'9" x 12'5") - Double glazed window to front, radiator.

Bedroom 2 - 3.61m x 2.31m (11'10" x 7'7") - Double glazed window to rear, radiator.

Bathroom - Double glazed window to rear, fitted with a three piece suite comprising panelled bath with shower over, pedestal wash hand basin and low level WC, radiator.

Outside - Block paved driveway to front with parking for several vehicles. Enclosed garden to rear with paved patio, steps leading up to lawned area with rear gate.

Gardens & Driveway - Block paved driveway to front with parking for several vehicles. Enclosed garden to rear with paved patio, steps leading up to lawned area with rear gate.

Disclaimer - Home Estate Agents believe all the particulars given to be accurate. They have not tested or inspected any equipment, apparatus, fixtures or fittings and cannot, therefore, offer any proof or confirmation as to their condition or fitness for purpose thereof. The purchaser is advised to obtain the necessary verification from the solicitor or the surveyor. All measurements given are approximate and for guide purposes only and should not be relied upon as accurate for the purpose of buying fixtures, floor-coverings, etc. The buyer should satisfy him/her self of all measurements prior to purchase.

Before we can accept an offer for any property we will need certain information from you which will enable us to qualify your offer. If you are making a cash offer which is not dependent upon the sale of another property we will require proof of funds. You should be advised that any approach to a bank, building society or solicitor before we have qualified your offer may result in legal or survey fees being lost. In addition, any delay may result in the property being offered to someone else.

Agent Details

Home Estate Agents Ltd, Stalybridge

0161 524 4847

Next Steps?

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