2 Bed Terraced House, Planning Permission, Ashbourne, DE6 1DP, £180,000

South Street, Ashbourne, DE6 1DP - 4 months ago

Planning
ROI: 2%
~68 m²
+13 photos

ValuationFair Value

Sold Prices£95K - £576K
Sold Prices/m²£1.6K/m² - £5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£179,329

 

 

End Value (After Refurb)

£175,625

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£11,300

Refurb Costs

£27,600

Bridging Loan Interest

£4,725

Total Cash In

£90,375

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£175,625

Mortgage (After Refinance)

£131,719

Mortgage LTV

75%

Cash Left In

£90,375

Equity

£43,906

Rent Range

£695 - £1,200

Rent Estimate

£866

Running Costs/mo

£742

Cashflow/mo

£124

Cashflow/yr

£1,488

ROI

2%

Gross Yield

6%

Local Sold Prices

24 sold prices from £95K to £576K, average is £167.5K. £1.6K/m² to £5K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£155K06/230 mi20, South Street, Ashbourne, Derbyshire DE6 1DP2
£170K03/230 mi32, South Street, Ashbourne, Derbyshire DE6 1DP2
£165K08/220 mi54, South Street, Ashbourne, Derbyshire DE6 1DP2
£160K06/210.02 mi8, South Street, Ashbourne, Derbyshire DE6 1DP2
£190K06/230.04 mi7, Old Hill, Ashbourne, Derbyshire DE6 1BL2
£190K09/220.04 mi9, Old Hill, Ashbourne, Derbyshire DE6 1BL2
£150K08/220.13 mi4, Malbons Yard, Ashbourne, Derbyshire DE6 1BX2
£150.1K10/200.16 mi17, Peter Street, Ashbourne, Derbyshire DE6 1FP2
£188K03/230.16 mi10, Peter Street, Ashbourne, Derbyshire DE6 1FP2
£576K11/210.33 miRichmond, Belle Vue Road, Ashbourne, Derbyshire DE6 1AT2
£140K01/210.34 mi8, Dovehouse Green, Ashbourne, Derbyshire DE6 1FF2
£175K03/230.35 mi23, Northcliffe Road, Ashbourne, Derbyshire DE6 1FE2
£209K06/220.38 mi6, Handel Mews, Ashbourne, Derbyshire DE6 1SQ2
£111K04/210.41 mi26, Buxton Road, Ashbourne, Derbyshire DE6 1EX2
£120K09/210.42 mi34, Mayfield Road, Ashbourne, Derbyshire DE6 1AR2
£132K07/220.44 mi20, Buxton Road, Ashbourne, Derbyshire DE6 1EX2
£215K06/210.46 mi11, Springfield Avenue, Ashbourne, Derbyshire DE6 1BJ2
£156K03/210.52 mi59, Mayfield Road, Ashbourne, Derbyshire DE6 1AS2
£140K04/210.52 mi106, Mayfield Road, Ashbourne, Derbyshire DE6 1AS2
£272.5K09/220.56 mi77, Derby Road, Ashbourne, Derbyshire DE6 1BH2
£95K02/230.68 mi35, Cavendish Drive, Ashbourne, Derbyshire DE6 1SR2
£360K05/230.7 mi4, Hillside Avenue, Ashbourne, Derbyshire DE6 1EG2
£235K03/210.77 mi3, Offcote Crescent, Ashbourne, Derbyshire DE6 1RW2
£250K05/230.98 miHolly Cottage, Buxton Road, Sandybrook, Ashbourne, Derbyshire DE6 2AQ2

Local Rents

12 rents from £695/mo to £1.2K/mo, average is £838/mo.

RentDateDistanceAddressBeds 
£72512/240.06 miThe Plough, Old Hill, Ashbourne, Derbyshire2
£85012/240.1 miCompton, Ashbourne DE6 1DA2
£79512/240.12 miTaylor Court, Ashbourne, Derbyshire, DE62
£82512/240.13 miTaylor Court, Sturston Road, Ashbourne2
£1,20012/240.17 miKing Edward Street, Ashbourne DE6 1BW2
£1,10002/240.28 mi-2
£85012/240.29 miSt. John Street, Ashbourne2
£90012/240.29 miSt. John Street, Ashbourne2
£77512/240.29 miSt. John Street, Ashbourne2
£79512/240.3 miQueen Elizabeth Court, Belle Vue Road, Ashbourne2
£88012/240.37 miKing Street, Ashbourne DE6 1EA2
£69512/240.38 miBernard Gadsby Close, Ashbourne2

Local Area Statistics

Population in DE6

25,599

Town centre distance

0.15 miles away

Nearest school

0.30 miles away

Nearest train station

9.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+194%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Listed for £180,000

December 16, 2024

Description

  • Walking Distance into town +
  • Ideal for first time buyers +
  • Two bedrooms +
  • Garden +

SUMMARY
Two Bedroom bay fronted terrace providing good access to Ashbourne town centre. A loft conversion can be accessed via a ladder on the landing providing extra space. The property should be viewed internally to fully appreciate the size of accommodation. There is no upward chain.

DESCRIPTION
A two bedroom mid terrace property providing good access into Ashbourne's town centre and local amenities is delightfully brought to the market by Bagshaws Residential. The property is situated a short walk into town where you can access the high street and it's cafe's, independent shops, library and church in minutes. Ashbourne has local supermarkets such as Sainsburys, Aldi, Marks and Spencer & Co-op as well as a bustling market on a Thursday. There are several primary schools and a secondary school within the town. Regular buses to the local surrounding villages in addition to the towns of Buxton, Belper and Matlock and the city of Derby. The property is offered with no upward chain.

Please note that the loft conversion was done before planning permission was needed.

Entrance Hall 
As you walk into the property, you are greeted by the sitting room.

Sitting Room 12' x 11' 11" ( 3.66m x 3.63m )
This room consists of a front facing double glazed bay window, a multi fuel stove and a wooden door into the diner.

Dining Room 13' 6" x 12' ( 4.11m x 3.66m )
This room provides an archway from the kitchen to the diner, stairs to first floor, mantle place, cupboard space and radiator. There is a UPVC double glaze window to rear.

Kitchen 11' 8" x 6' 6" ( 3.56m x 1.98m )
This room provides plumbing for fridge freezer and washer. There are cupboards and wall units and a UPVC back door.

Bedroom One 12' x 13' 2" ( 3.66m x 4.01m )
This room contains built in wardrobes and draws either side of the room. Double glazed windows to the front elevation.

Bedroom Two 10' 11" x 7' 5" ( 3.33m x 2.26m )
Double glazed UPVC window to rear elevation, radiator and wooden door.

Landing 
The landing provides access to the two bedrooms and a ladder to loft conversion.

Bathroom 
The bathroom contains a shower over bath, toilet, hand basin, radiator and and heated towel rail. Double glazing to rear.

Loft Conversion 
This room provides a velux window and exposed brick on two sides of the walls.

Rear Garden 
The rear garden contains a patio to rear door and a partially raised lawn.
It additionally has a shed and a walkway to the side of the property.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Bagshaws Residential, Ashbourne

01335 218899

Next Steps?

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