3 Bed Semi-Detached House, Cash/Bridging Only, Ashbourne, DE6 1HT, £240,000

16 Chestnut Drive, Ashbourne, DE6 1HT - 6 months ago

Cash
~87 m²
+10 photos

ValuationOvervalued

Sold Prices£145K - £435K
Sold Prices/m²£1.6K/m² - £3.8K/m²

 

 

Square Metres

~87.26 m²
Price/m²£2.8K/m²

Value Estimate

£233,732

 

 

End Value (After Refurb)

£246,245

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£15,500

Refurb Costs

£35,360

Bridging Loan Interest

£6,300

Total Cash In

£118,910

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£246,245

Mortgage (After Refinance)

£184,684

Mortgage LTV

75%

Cash Released

£4,684

Cash Left In

£114,226

Equity

£61,561

Rent Range

£550 - £3,500

Rent Estimate

£960

Running Costs/mo

£982

Cashflow/mo

£-22

Cashflow/yr

£-258

Gross Yield

5%

Local Sold Prices

50 sold prices from £145K to £435K, average is £232.5K. £1.6K/m² to £3.8K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£205K09/210.03 mi7, Chestnut Drive, Ashbourne, Derbyshire DE6 1HT3
£165K06/210.08 mi31, Willow Meadow Road, Ashbourne, Derbyshire DE6 1HJ3
£225K06/210.08 mi27, Willow Meadow Road, Ashbourne, Derbyshire DE6 1HJ3
£217.5K07/210.08 mi2, Willow Meadow Road, Ashbourne, Derbyshire DE6 1HJ3
£250K08/230.08 mi101, Willow Meadow Road, Ashbourne, Derbyshire DE6 1HJ3
£230K07/210.08 mi34, Cedar Close, Ashbourne, Derbyshire DE6 1FJ3
£225K05/230.09 mi27, Lime Grove, Ashbourne, Derbyshire DE6 1HP3
£405K06/210.2 mi15, Old Derby Road, Ashbourne, Derbyshire DE6 1BN3
£280K04/210.22 mi11, Spencer Close, Ashbourne, Derbyshire DE6 1BU3
£303.5K03/210.24 mi1, Derwent Gardens, Ashbourne, Derbyshire DE6 1DJ3
£290K01/210.24 mi28, Lambourne Avenue, Ashbourne, Derbyshire DE6 1BP3
£280K11/200.27 mi17, Duncombe Drive, Ashbourne, Derbyshire DE6 1LJ3
£255K05/210.27 mi26, Springfield Avenue, Ashbourne, Derbyshire DE6 1BJ3
£230K06/210.27 mi12, Springfield Avenue, Ashbourne, Derbyshire DE6 1BJ3
£300K05/210.28 mi8, Mumford Drive, Ashbourne, Derbyshire DE6 1BQ3
£228.5K05/210.3 mi4, Handel Mews, Ashbourne, Derbyshire DE6 1SQ3
£257K03/210.3 mi38, Derby Road, Ashbourne, Derbyshire DE6 1BH3
£235K08/210.3 mi79, Derby Road, Ashbourne, Derbyshire DE6 1BH3
£345K01/230.3 mi38, Derby Road, Ashbourne, Derbyshire DE6 1BH3
£281.5K09/210.35 mi4, Stanton Road, Ashbourne, Derbyshire DE6 1SH3
£245K12/210.37 mi9, Thorpe View, Ashbourne, Derbyshire DE6 1SY3
£435K02/210.38 mi1, Blore Close, Ashbourne, Derbyshire DE6 1SS3
£240K05/230.41 mi18, Lower Pingle Road, Ashbourne, Derbyshire DE6 1TE3
£338K01/210.42 mi33, Peak View Drive, Ashbourne, Derbyshire DE6 1BR3
£194K01/210.45 mi28, Cavendish Drive, Ashbourne, Derbyshire DE6 1SR3
£378K06/210.47 miGlencroft, Derby Road, Ashbourne, Derbyshire DE6 1LZ3
£145K10/200.54 mi62, Belper Road, Ashbourne, Derbyshire DE6 1BD3
£315K12/200.56 mi40, Belper Road, Ashbourne, Derbyshire DE6 1BB3
£165K12/200.57 mi50, Belper Road, Ashbourne, Derbyshire DE6 1BB3
£196.3K10/220.57 mi11, Old Hill, Ashbourne, Derbyshire DE6 1BL3
£190K07/230.6 mi22, Derby Road, Ashbourne, Derbyshire DE6 1BE3
£288K09/210.61 mi39, South Street, Ashbourne, Derbyshire DE6 1DP3
£178K10/200.61 mi49, St Oswalds Crescent, Ashbourne, Derbyshire DE6 1FS3
£220K03/230.61 mi68, St Oswalds Crescent, Ashbourne, Derbyshire DE6 1FS3
£205K06/210.61 mi15, Walton Crescent, Ashbourne, Derbyshire DE6 1FZ3
£220K12/220.62 mi6, Park Avenue, Ashbourne, Derbyshire DE6 1GA3
£250K03/210.63 mi5, Sturston Road, Ashbourne, Derbyshire DE6 1BA3
£195K06/220.64 mi9, Highfield Road, Ashbourne, Derbyshire DE6 1DX3
£240K09/210.64 mi8, Manifold Avenue, Ashbourne, Derbyshire DE6 1FR3
£222.5K10/220.65 mi76, Park Avenue, Ashbourne, Derbyshire DE6 1GB3
£189.5K10/200.65 mi60, Park Avenue, Ashbourne, Derbyshire DE6 1GB3
£310K03/210.65 mi112a, Park Avenue, Ashbourne, Derbyshire DE6 1GB3
£215K07/230.67 mi15, George Street, Ashbourne, Derbyshire DE6 1DW3
£190K07/210.67 mi48, George Street, Ashbourne, Derbyshire DE6 1DW3
£185K06/230.67 mi32, Park Avenue, Ashbourne, Derbyshire DE6 1GA3
£318K06/230.68 mi47, Station Street, Ashbourne, Derbyshire DE6 1DE3
£265K06/210.68 mi49, Station Street, Ashbourne, Derbyshire DE6 1DE3
£235K09/210.68 mi17, Thornley Place, Ashbourne, Derbyshire DE6 1PQ3
£170K03/210.68 mi28, North Leys, Ashbourne, Derbyshire DE6 1DQ3
£217.5K01/230.68 mi19, North Leys, Ashbourne, Derbyshire DE6 1DQ3

Local Rents

36 rents from £550/mo to £3.5K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£87512/240.17 miBarton Drive, ASHBOURNE, Derbyshire, DE62
£90012/240.3 mi-3
£59512/240.46 miSellers Yard, Derby Road, Ashbourne3
£60412/240.54 miLathkill Drive, ASHBOURNE2
£89512/240.58 miBelper Road, Ashbourne, Derbyshire3
£2,30012/240.6 miDerby Road, Ashbourne, Derbyshire, DE65
£72512/240.64 miThe Plough, Old Hill, Ashbourne, Derbyshire2
£82512/240.65 miTaylor Court, Sturston Road, Ashbourne2
£79512/240.65 miTaylor Court, Ashbourne, Derbyshire, DE62
£85012/240.67 miCompton, Ashbourne DE6 1DA2
£97512/240.68 miCherry Tree Court, North Leys, Ashbourne DE6 1DQ3
£72502/240.73 mi-3
£1,20012/240.76 miKing Edward Street, Ashbourne DE6 1BW2
£92512/240.76 miKing Edward Street, Ashbourne DE6 1BW1
£55012/240.78 miShawcroft, Ashbourne1
£69512/240.78 miBernard Gadsby Close, Ashbourne2
£85012/240.86 miSt. John Street, Ashbourne2
£90012/240.86 miSt. John Street, Ashbourne2
£77512/240.86 miSt. John Street, Ashbourne2
£70012/240.86 miSt. John Street, Ashbourne1
£1,10002/240.89 mi-2
£95012/240.89 miThe Hayloft, Old Boothby Farm, Ashbourne3
£79512/240.9 miQueen Elizabeth Court, Belle Vue Road, Ashbourne2
£55012/240.95 miTown Hall Yard, Ashbourne, Derbyshire1
£88012/240.95 miKing Street, Ashbourne DE6 1EA2
£90012/241.14 miThe Green Road, Ashbourne3
£1,00012/241.17 miYeldersley, Ashbourne3
£95012/241.22 miOld Boothby Farm, The Green Road, Ashbourne DE6 1EE3
£83512/241.22 miSt. Monicas Way, Tissington Court, Windmill Lane, Ashbourne, Derbyshire, DE62
£3,50012/241.56 miPool Close Farm, Sandybrook, Ashbourne, DE66
£72512/241.83 miMayfield Avenue, Mayfield, Ashbourne DE63
£87512/241.88 miOrchard Lane,Wyaston, Ashboure DE62
£87512/241.88 miOrchard Lane, Wyaston, ASHBOURNE2
£97512/241.88 miOrchard Lane, Wyaston, Ashbourne, Derbyshire, DE63
£1,10003/252.15 mi-2
£87512/242.4 miChurch Road, Snelston2

Local Area Statistics

Population in DE6

25,599

Town centre distance

0.71 miles away

Nearest school

0.20 miles away

Nearest train station

9.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+194%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Price changed to £240,000

April 1, 2025

Listed for £250,000

October 31, 2024

Floor Plans

Description

  • No upward chain +
  • Ideal for first time buyers, families & downsizers +
  • Easy access to A52 +
  • Walking distance to local amenities & schooling +
  • Garage +
  • Dining kitchen & utility room +
  • Sitting room +
  • EPC rating C. Council tax band C. +
  • Three bedrooms & bathroom +
  • Spacious rear garden +

A well-maintained three-bedroom semi-detached property which is an ideal choice for first-time buyers, families, or those seeking to downsize from a larger property. Set within a convenient location, the home offers easy access to the A52, making commuting straightforward, and is just a short walk from local amenities and schools, adding to its appeal.

The property is sold with the benefit of gas fired central heating, double glazing and internally briefly comprises of entrance hallway, sitting room, dining kitchen and utility room. To the first floor are three bedrooms and a bathroom.

Entering through the composite door into the reception hallway, there is a wall mounted boiler, staircase to the first floor and a door into the sitting room.

Moving into the sitting room, you'll find a coal-effect gas fire with a granite surround and hearth, forming the focal point of the room. The room also features a convenient understairs storage cupboard and built-in cupboards providing ample storage space, with a door leading directly into the dining kitchen.

Stepping into the dining kitchen, it has double-thickness granite countertops, complete with an inset composite sink, adjacent drainer and mixer tap, with a matching upstand surround. Below, a variety of cupboards provide practical storage, with designated spaces and plumbing for a washing machine, space for a fridge, and an integrated electric oven and grill, along with a conventional microwave fan oven above. There are wall-mounted cupboards and a peninsula adding further storage options, including shelving and additional appliance space. The kitchen also benefits from a handy pantry cupboard with shelving and easy access to the electric circuit board.

The utility room has wooden preparation surfaces with cupboards and appliance space beneath with adjacent cupboards for additional storage, with a uPVC door to the rear garden.

On the first floor landing there are doors off to the bedrooms, bathroom and airing cupboard housing the hot water tank and immersion, with a loft hatch access to a partially boarded loft.

Bedroom one is a generously sized double, featuring practical built-in cupboards, wardrobes and a dressing table with drawers for ample storage. The second bedroom also comfortably accommodates a double bed, while the third bedroom, a single, offers versatility and could easily serve as a study or nursery.

The bathroom features a white suite including a pedestal wash basin with chrome taps, a low-level WC and a bath with chrome taps, complemented by an electric shower and a glass shower screen. There is a dual-control chrome ladder-style heated towel rail and electric underfloor heating.

At the front, the property boasts a well-maintained lawned garden, bordered by mature herbaceous and flowering plants. Off-street parking is available with a garage equipped with power, lighting and an electric roll-top door. The rear garden is equally well presented, featuring a patio seating area, a raised lawn with flower and herbaceous borders, an outdoor tap and a pedestrian gate providing convenient side access.

The drive is shared with neighbouring properties and we understand the maintenance for this is shared between the four properties.

To view this property, please contact John German Ashbourne office.

Tenure: Freehold (purchasers are advised to satisfy themselves as to the tenure via their legal representative).
Please note: It is quite common for some properties to have a Ring doorbell and internal recording devices.
Property construction: Standard
Parking: Drive & garage
Electricity supply: Mains
Water supply: Mains
Sewerage: Mains
Heating: Gas
(Purchasers are advised to satisfy themselves as to their suitability).
Broadband type: Fibre - See Ofcom link for speed:
Mobile signal/coverage: See Ofcom link
Local Authority/Tax Band: Derbyshire Dales District Council / Tax Band C
Useful Websites:

Our Ref: JGA/30102024

The property information provided by John German Estate Agents Ltd is based on enquiries made of the vendor and from information available in the public domain. If there is any point on which you require further clarification, please contact the office and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property. Please note if your enquiry is of a legal or structural nature, we advise you to seek advice from a qualified professional in their relevant field.

We are required by law to comply fully with The Money Laundering Regulations 2017 and as such need to complete AML ID verification and proof / source of funds checks on all buyers and, where relevant, cash donors once an offer is accepted on a property. We use the Checkboard app to complete the necessary checks, this is not a credit check and therefore will have no effect on your credit history. With effect from 1st March 2025 a non-refundable compliance fee of £30.00 inc. VAT per buyer / donor will be required to be paid in advance when an offer is agreed and prior to a sales memorandum being issued.

Agent Details

John German, Ashbourne

01335 218933

Next Steps?

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