4 Bed Semi-Detached House, Refurb/BRRR, Ashbourne, DE6 3BT, £425,000

11 Church Street, Ashbourne, DE6 1AE - 4 months ago

Sold STC
Refurb/BRRR
~166 m²
+11 photos

ValuationOvervalued

Sold Prices£367.5K - £1.2M
Sold Prices/m²£2.6K/m² - £6.1K/m²

 

 

Square Metres

~166 m²
Price/m²£2.6K/m²

Value Estimate

£412,500

 

 

End Value (After Refurb)

£540,173

Uplift in Value

+27%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£33,700

Refurb Costs

£67,267

Bridging Loan Interest

£11,156

Total Cash In

£220,123

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£540,173

Mortgage (After Refinance)

£405,130

Mortgage LTV

75%

Cash Released

£86,380

Cash Left In

£133,743

Equity

£135,043

Rent Range

£625 - £1,950

Rent Estimate

£1,077

Running Costs/mo

£1,923

Cashflow/mo

£-846

Cashflow/yr

£-10,157

Gross Yield

3%

Local Sold Prices

8 sold prices from £367.5K to £1.2M, average is £514K. £2.6K/m² to £6.1K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£415K03/230.29 mi89, The Plain, Brailsford, Ashbourne, Derbyshire DE6 3BR4
£920K06/212.05 miLongford House, Church Lane, Kirk Langley, Ashbourne, Derbyshire DE6 4NG4
£1.2M03/232.05 miLongford House, Church Lane, Kirk Langley, Ashbourne, Derbyshire DE6 4NG4
£405K02/212.27 miBrookfields, 26, Bullhurst Lane, Weston Underwood, Ashbourne, Derbyshire DE6 4PA4
£578K12/202.34 mi20, Burland Green Lane, Weston Underwood, Ashbourne, Derbyshire DE6 4PF4
£520K10/212.34 mi4, Burland Green Lane, Weston Underwood, Ashbourne, Derbyshire DE6 4PF4
£367.5K03/212.7 mi8, Moor Lane, Kirk Langley, Ashbourne, Derbyshire DE6 4LQ4
£508K11/202.83 miThe Bungalow, Blackbrook Farm, Intakes Lane, Turnditch, Belper, Derbyshire DE56 2LU4

Local Rents

11 rents from £625/mo to £1.9K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£72512/240.38 miThe Plain, Brailsford, Ashbourne DE62
£1,40012/240.47 miSycamore Way, Brailsford, Ashbourne4
£1,00012/241.29 miYeldersley Lane, Ednaston, Ashbourne, Derbyshire2
£75012/241.31 miEdnaston Court, Yeldersley Lane, Ednaston, Ashbourne2
£1,95012/241.33 miBluebell Cottage, Heritage Court, Ednaston, Ashbourne3
£1,19502/251.44 mi-2
£1,15012/241.52 miThe Barn, Burton Shutts Farm, Mercaston, Ashbourne DE63
£62512/241.96 miThe Oak, Buckhazels Lane, Kirk Langley, Ashbourne DE62
£1,10012/242.38 miAshbourne Road, DE63
£1,10012/242.38 miMeynell Court, Kirk Langley3
£85012/242.43 miThe Crescent, Mill Lane, Shirley, Ashbourne DE63

Local Area Statistics

Population in DE6

25,599

Town centre distance

5.73 miles away

Nearest school

0.50 miles away

Nearest train station

5.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+194%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Listed for £425,000

November 29, 2024

Floor Plans

Description

  • TRADITIONALLY STYLED BRICK AND TILED DOUBLE FRONTED PERIOD PROPERTY +
  • IN POPULAR AND CONVENIENT VILLAGE LOCATION +
  • SPACIOUS FOUR BEDROOM ACCOMMODATION +
  • TREMENDOUS SCOPE FOR UPGRADING AND MODERNISATION +
  • POTENTIAL FOR FURTHER EXTENSION TO THE REAR +

A substantial traditionally styled brick and tiled double fronted period property in a popular and convenient village location.

Occupying a site of almost 1,000 square metres the property provides spacious four bedroom accommodation which now offers tremendous scope for upgrading and modernisation to a new owners personal taste and also with the potential for further extension to the rear.

Electrically heated and double glazed the accommodation currently provides reception hall, sitting room, dining room, breakfast kitchen, large utility room, pantry/store and ground floor shower room. At first floor level there are four bedrooms and bathroom.

A particular feature of the property is the large rear garden which has both pedestrian and vehicular access from Post Office Lane and upon which stand a range of garage/workshop buildings. It is considered likely that the site may have further development potential.

An early viewing is highly recommended.

ACCOMMODATION
A UPVC sealed unit double glazed front door leads to

Entrance Hall with quarry tile floor and staircase off to first floor level.

Sitting Room 4.54m x 4.57m (14'10" x 15') having double glazed window to the front, night storage heater and tiled fireplace with open grate. Four wall light points, beamed ceiling.

Dining Room 4.57m x 4.1" (15' x 13'5") with night storage heater, tiled fireplace with fitted electric fire, beamed ceiling and understairs storage cupboard. Double glazed window.

Kitchen 4.7m x 3.05m (15'5" x 10') being fitted with a range of pine base and wall cupboards and having single drainer stainless steel sink unit. Two sealed unit double glazed windows, with door to the exterior rear. Wall mounted gas fired water heater and gas wall heater, fitted oven and hob and fitted worksurfaces. Ceramic tiled floor.

Large Utility Room 4.2m x 2.85m (13'2" x 9'4") being fitted with a range of base and wall cupboards with single drainer stainless steel sink unit, two sealed unit double glazed window and ceramic tiled floor. Plumbing for automatic washing machine and wall mounted electric panel heater.

Rear Hallway/Pantry Store 3.08m x 1.85m (10'1" x 6'1") having ceramic tiled floor and a range of fitted base cupboards and wall cupboards. Sliding door to

Ground Floor Shower Room with low flush wc and wash-hand basin in sage green, tiled shower cubicle and electric shower.

Staircase to first floor galleried landing with sealed unit double glazed window and walk-in box room/storage cupboard.

Bedroom One 4.48m x 4.48m maximum (14'8" x 14'8") with original cast iron fireplace and surround, night storage heater and sealed unit double glazed window with views towards Brailsford Golf Course.

Bedroom Two (front) 4.58m x 3.9m (15' x 12'9") with night storage heater, original cast iron fireplace and double-glazed window.

Rear Landing with inbuilt cylinder in airing cupboard insulated copper hot water cylinder.

Bedroom Three 3.08m x 2.7m (10'1" x 8'10") with sealed unit double-glazed window and night storage heater.

Bedroom Four 4.2m x 2.75m (13'9" x 9'1") with night storage heater, sealed unit double-glazed window.

Bathroom having fitments in white, comprising panelled bath, pedestal wash-hand basin and low flush wc, part tiled walls, wall mounted infrared heater.

OUTSIDE
The property occupies a prominent main road position, stands back from the road behind the primarily lawned front garden with planted borders and central pathway.

To the rear the property has the benefit of a very extensive plot, onto which there is both pedestrian and vehicular access from Post Office Lane, which runs along the side of the property. Adjacent to the house is a lean-to brick store and brick and tile wc. Steps lead up to a primarily lawned extensive garden area with planted areas, fruit trees, specimen conifers etc. Timber garden shed and green house.

At the very top of the garden, stands a range of workshop garages, including

Timber and corrugated Garage Workshop 7.2m x 4.3m (23'7" x 14'2") with mains water and power connected.

Further similar building 6m x 4.8m (19'8" x 15'9") having electric power connected and lifting beam.

Concrete panel Garage Workshop 4.95m x 4.8m (16'3" x 15'9").

SERVICES
It is understood that all mains services are connected.

FIXTURES & FITTINGS
Other than those fixtures and fittings specifically referred to in these sales particulars no other fixtures and fittings are included in the sale. No specific tests have been carried out on any of the fixtures and fittings at the property.

TENURE
It is understood that the property is held freehold but interested parties should verify this position with their solicitors.

OVERAGE CLAUSE
As the site is considered likely to have potential for further development the vendors reserve the right to insert in a sale contract an overage or uplift clause whereby an additional sum would become payable should planning consent be obtained on the site for the construction of an additional property or additional properties. Further details are available upon application.

COUNCIL TAX
For Council Tax purposes the property is in band B.

EPC RATING G

VIEWING
Strictly by prior appointment with the sole agents Messrs Fidler-Taylor & Co on .

WHAT3WORDS
acids.relating.switch

Ref FTA2724

Agent Details

Fidler Taylor, Ashbourne

01335 218930

Next Steps?

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