2 Bed Terraced House, Refurb/BRRR, Ashton-under-Lyne, OL6 8HB, £120,000

6 New Lees Street, Ashton-under-lyne, Greater Manchester, OL6 8HB - 7 views - 5 months ago

Leasehold
Motivated
Refurb/BRRR
ROI: 4%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£82K - £240K
Sold Prices/m²£1.2K/m² - £4.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£123,304

 

 

End Value (After Refurb)

£146,408

Uplift in Value

+17%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£28,876

Bridging Loan Interest

£3,150

Total Cash In

£68,726

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£146,408

Mortgage (After Refinance)

£109,806

Mortgage LTV

75%

Cash Released

£19,806

Cash Left In

£48,920

Equity

£36,602

Rent Range

£750 - £1,250

Rent Estimate

£911

Running Costs/mo

£660

Cashflow/mo

£251

Cashflow/yr

£3,015

ROI

4%

Gross Yield

9%

Local Sold Prices

50 sold prices from £82K to £240K, average is £132K. £1.2K/m² to £4.6K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£115K03/210 mi12, New Lees Street, Ashton-under-lyne, Greater Manchester OL6 8HB2
£137.5K10/200.02 mi149, Kings Road, Ashton-under-lyne, Greater Manchester OL6 8EZ2
£145K11/210.02 mi140, Kings Road, Ashton-under-lyne, Greater Manchester OL6 8EZ2
£107K11/200.02 mi162, Kings Road, Ashton-under-lyne, Greater Manchester OL6 8EZ2
£110.5K07/210.02 mi176, Kings Road, Ashton-under-lyne, Greater Manchester OL6 8EZ2
£130K11/230.02 mi138, Kings Road, Ashton-under-lyne, Greater Manchester OL6 8EZ2
£195K11/200.05 mi3, Ash Close, Ashton-under-lyne, Greater Manchester OL6 9LL2
£240K12/230.08 mi3, Cedar Avenue, Ashton-under-lyne, Greater Manchester OL6 9LG2
£140K12/200.13 mi104, Kings Road, Ashton-under-lyne, Greater Manchester OL6 8JX2
£140K06/230.13 mi81, Kings Road, Ashton-under-lyne, Greater Manchester OL6 8JX2
£140K12/200.13 mi74, Cedar Street, Ashton-under-lyne, Greater Manchester OL6 9LW2
£140.5K07/210.16 mi28, Lower Carrs, Ashton-under-lyne, Greater Manchester OL6 9JG2
£117K02/210.16 mi24, Lower Carrs, Ashton-under-lyne, Greater Manchester OL6 9JG2
£140K06/220.18 miFern Lodge, Queens Road, Ashton-under-lyne, Greater Manchester OL6 8EG2
£155K12/230.22 mi245, Whiteacre Road, Ashton-under-lyne, Greater Manchester OL6 9QB2
£151K10/230.22 mi241, Whiteacre Road, Ashton-under-lyne, Greater Manchester OL6 9QB2
£138K11/220.23 mi233, Whiteacre Road, Ashton-under-lyne, Greater Manchester OL6 9QB2
£132K02/230.23 mi27, Cedar Street, Ashton-under-lyne, Greater Manchester OL6 9LP2
£100K11/230.24 mi12, Kenworthy Avenue, Ashton-under-lyne, Greater Manchester OL6 9EH2
£150K07/230.25 mi138, Princess Street, Ashton-under-lyne, Greater Manchester OL6 9QL2
£137K07/230.25 mi147, Princess Street, Ashton-under-lyne, Greater Manchester OL6 9QL2
£147K12/220.25 mi122, Princess Street, Ashton-under-lyne, Greater Manchester OL6 9QL2
£125K03/230.26 mi98, Princess Street, Ashton-under-lyne, Greater Manchester OL6 9QL2
£110K11/210.28 mi201, Whiteacre Road, Ashton-under-lyne, Greater Manchester OL6 9PZ2
£100K10/210.28 mi17, Sycamore Crescent, Ashton-under-lyne, Greater Manchester OL6 8PS2
£125K03/210.29 mi227, Curzon Road, Ashton-under-lyne, Greater Manchester OL6 9NB2
£87K12/200.29 mi231, Curzon Road, Ashton-under-lyne, Greater Manchester OL6 9NB2
£88.5K04/210.3 mi70, Alexandra Street, Ashton-under-lyne, Greater Manchester OL6 9QP2
£138K08/210.3 mi45, Broadbent Avenue, Ashton-under-lyne, Greater Manchester OL6 8RL2
£117K03/210.3 mi38, Broadbent Avenue, Ashton-under-lyne, Greater Manchester OL6 8RL2
£165K06/230.3 mi5, Pot Hill Square, Ashton-under-lyne, Greater Manchester OL6 9JY2
£132K11/230.3 mi86, Princess Street, Ashton-under-lyne, Greater Manchester OL6 9QJ2
£135K02/230.31 mi68, Queens Road, Ashton-under-lyne, Greater Manchester OL6 8EJ2
£137K07/230.31 mi52, Queens Road, Ashton-under-lyne, Greater Manchester OL6 8EJ2
£96K01/210.31 mi42, Queens Road, Ashton-under-lyne, Greater Manchester OL6 8EJ2
£140K09/230.32 mi8, Diamond Close, Ashton-under-lyne, Greater Manchester OL6 9JR2
£115K02/230.32 mi38, Russell Street, Ashton-under-lyne, Greater Manchester OL6 9QS2
£135K06/230.33 mi26, Russell Street, Ashton-under-lyne, Greater Manchester OL6 9PX2
£115K11/210.33 mi3, Diamond Street, Ashton-under-lyne, Greater Manchester OL6 9JU2
£140K03/210.33 mi16, Oakfold Avenue, Ashton-under-lyne, Greater Manchester OL6 8RN2
£182K12/220.33 mi16, Oakfold Avenue, Ashton-under-lyne, Greater Manchester OL6 8RN2
£105K01/210.35 mi21, Chapel Drive, Ashton-under-lyne, Greater Manchester OL6 9HW2
£130K07/230.35 mi26, Stanhope Street, Ashton-under-lyne, Greater Manchester OL6 9QZ2
£105K11/200.36 mi35, Smallshaw Lane, Ashton-under-lyne, Greater Manchester OL6 8PX2
£135K04/230.36 mi12, Waterloo Gardens, Ashton-under-lyne, Greater Manchester OL6 9RD2
£82K06/210.37 mi32, Leam Street, Ashton-under-lyne, Greater Manchester OL6 9QU2
£110K04/230.37 mi43, Alexandra Street, Ashton-under-lyne, Greater Manchester OL6 9QR2
£93K11/210.37 mi48, Alexandra Street, Ashton-under-lyne, Greater Manchester OL6 9QR2
£95K06/230.37 mi58, Alexandra Street, Ashton-under-lyne, Greater Manchester OL6 9QR2
£120K05/230.37 mi50, Alexandra Street, Ashton-under-lyne, Greater Manchester OL6 9QR2

Local Rents

49 rents from £750/mo to £1.3K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£89503/250.04 mi-2
£90003/250.12 mi-2
£99509/240.14 miHilton Crescent, Ashton-Under-Lyne, OL62
£99509/240.14 mi-2
£90008/240.16 miKings Road, Ashton-under-Lyne, Greater Manchester, OL62
£90009/240.16 miKings Road, Ashton-under-Lyne, Greater Manchester, OL62
£80009/240.16 miLower Carrs, Ashton-Under-Lyne, Lancashire, OL62
£1,25003/250.16 mi-2
£1,05010/240.17 mi-2
£1,05007/240.17 miWaterloo Street, Ashton-Under-Lyne, OL62
£77506/240.18 mi-2
£79506/240.18 mi-2
£79505/240.18 mi-2
£82509/240.19 mi-2
£82511/240.19 mi-2
£1,10007/240.2 mi-2
£79512/230.21 mi-2
£89506/240.22 miKings Road, Ashton-under-Lyne, Greater Manchester, OL62
£80008/240.22 miPrincess Street, Ashton-Under-Lyne2
£95007/240.22 miWhiteacre Road, Ashton-Under-Lyne, OL62
£89506/240.23 miKings Road, Ashton-under-Lyne, Greater Manchester, OL62
£85009/240.24 mi-2
£99501/250.25 mi-2
£1,10002/250.29 mi-2
£87505/240.29 mi-2
£77507/240.29 miCurzon Road,Ashton-Under-Lyne,OL62
£1,05012/240.3 mi-2
£80006/240.3 miLeam Street, Ashton-Under-Lyne2
£95007/240.31 miQueens Road, Ashton-under-Lyne, Greater Manchester, OL62
£95007/240.32 miWhiteacre Road, Ashton-Under-Lyne, OL62
£95008/240.32 mi-2
£85008/240.32 miKings Road, Ashton-under-lyne, OL62
£85008/240.33 miRussell Street, Ashton-Under-Lyne2
£80008/240.34 miCurzon Road, Ashton-Under-Lyne, Greater Manchester, OL62
£75012/230.35 mi-2
£97511/240.37 mi-2
£99512/240.37 mi-2
£95008/240.4 miOrmonde Street, Ashton-under-Lyne, Greater Manchester, OL62
£1,10004/250.42 mi-2
£95006/240.44 miHurst Brook Close, Ashton-Under-Lyne, Greater Manchester, OL62
£77506/240.44 miBroadoak Crescent, Ashton-under-Lyne, Greater Manchester, OL62
£99507/240.49 miRushmere, Ashton-under-Lyne, Greater Manchester, OL62
£99506/240.49 miRushmere, Ashton-Under-Lyne2
£90006/240.52 mi-2
£90006/240.52 mi-2
£80003/250.52 mi-2
£90007/240.53 mi-2
£90007/240.53 miPark Square, Ashton-Under-Lyne, OL62
£98511/240.54 mi-2

Local Area Statistics

Population in OL6

28,677

Population in Ashton-under-Lyne

45,510

Town centre distance

0.40 miles away

Nearest school

0.30 miles away

Nearest train station

0.72 miles away

 

 

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Price changed to £120,000

March 28, 2025

Listed for £125,000

November 5, 2024

Sold for £31,000

2002

Sold for £32,000

1996

Sold for £14,000

1996

Floor Plans

Description

  • Council Tax Band A, Leasehold 999 Years from 11 August 1871 +
  • Spacious Living Room with Lovely Fireplace +
  • Separate Dining Room with Kitchen Adjoining +
  • Two Double Bedrooms one with a Fitted Wardrobe +
  • Shower Room +
  • Good Sized Garden with Decking and Pebbled Area +
  • Chain Free +
  • May Benefit from Some Modernisation +
  • Convenient Location +
  • Viewing Advised +

This terraced house is situated in Ashton under Lyne and is available chain free. In Need of some modernisation this would be an ideal first time buy, Viewing Advised

This terraced home is located in Ashton Under Lyne with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.

The accommodation briefly comprises a welcoming entrance way, a spacious living room, dining room and a fitted kitchen.

To the first floor is an inviting landing area through to two well-proportioned bedrooms and a shower room

Externally, the property benefits from a rear garden with decking and pebbled areas.

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £2,500. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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