4 Bed Detached House, Refurb/BRRR, Ashbourne, DE6 3EF, £500,000

Main Road, Hulland Ward, Ashbourne, DE6 3EF - 4 months ago

Refurb/BRRR
~208 m²
+20 photos

ValuationFair Value

Sold Prices£272.5K - £520K
Sold Prices/m²£2.6K/m² - £4.5K/m²

 

 

Square Metres

~208.46 m²
Price/m²£2.4K/m²

Value Estimate

£510,000

 

 

End Value (After Refurb)

£616,770

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£41,200

Refurb Costs

£84,472

Bridging Loan Interest

£13,125

Total Cash In

£265,547

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£616,770

Mortgage (After Refinance)

£462,577

Mortgage LTV

75%

Cash Released

£87,577

Cash Left In

£177,970

Equity

£154,192

Rent Range

£1,150 - £1,300

Rent Estimate

£1,225

Running Costs/mo

£2,192

Cashflow/mo

£-967

Cashflow/yr

£-11,609

Gross Yield

3%

Local Sold Prices

10 sold prices from £272.5K to £520K, average is £395K. £2.6K/m² to £4.5K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£350K06/210.02 miEaton House, Main Road, Hulland Ward, Ashbourne, Derbyshire DE6 3EF4
£315K03/210.09 mi15, Well Close, Hulland Ward, Ashbourne, Derbyshire DE6 3EY4
£335K06/210.12 mi17, Ashes Avenue, Hulland Ward, Ashbourne, Derbyshire DE6 3FT4
£410K12/200.16 miFour Winds, Main Road, Hulland Ward, Ashbourne, Derbyshire DE6 3EA4
£272.5K03/210.26 mi5, Alport Close, Hulland Ward, Ashbourne, Derbyshire DE6 3FR4
£508K11/201.72 miThe Bungalow, Blackbrook Farm, Intakes Lane, Turnditch, Belper, Derbyshire DE56 2LU4
£450K01/231.99 miGlenworth House, Broadway, Kirk Ireton, Ashbourne, Derbyshire DE6 3LJ4
£520K06/232.05 miCarr Croft, Main Street, Kirk Ireton, Ashbourne, Derbyshire DE6 3JP4
£380K10/202.05 miCarr Croft, Main Street, Kirk Ireton, Ashbourne, Derbyshire DE6 3JP4
£450K07/232.23 miHill View, Cliffash Lane, Idridgehay, Belper, Derbyshire DE56 2SJ4

Local Rents

2 rents from £1.1K/mo to £1.3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,30012/242 miThe Old School House, Wellbanks, Kirk Ireton2
£1,15012/242.17 miThe Barn, Burton Shutts Farm, Mercaston, Ashbourne DE63

Local Area Statistics

Population in DE6

25,599

Town centre distance

4.49 miles away

Nearest school

0.40 miles away

Nearest train station

6.65 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 £500,000

February 8, 2025

Listed for £525,000

December 18, 2024

Floor Plans

Description

  • GUIDE PRICE £500,000 - £525,000 +
  • Extensively Renovated To A High Standard & Specification +
  • Character Property +
  • Sought After Village Location +
  • Four Bedrooms, Three Bathrooms +
  • Under Floor Central Heating To The Ground Floor +
  • Newly Fitted Kitchen With Neff Appliances, Shaker Cabinets & Solid Oak Worktops +
  • Landscaped Rear Garden And Patio +
  • Fully Boarded Loft with Power & Lighting +
  • No Upward Chain +

GUIDE PRICE £500,000 - £525,000  Derbyshire Properties are delighted to present for sale with no upward chain this stunning renovation of a period style coach house, offering modern contemporary living spaces. The property has been completely renovated and taken back to brick throughout and now offers a selection of beautiful rooms and bedrooms comprising of an open plan living kitchen, utility room, WC, living room and double integral garage all to the ground floor. To the first floor a landing provides access to 4 bedrooms, one of which en-suite and the master having a beautiful vaulted ceiling with exposed timbers and two additional bathrooms. Externally, the property offers a private, low maintenance rear garden. We believe the property will suit a variety of potential buyers from families, to downsizers and an internal inspection is absolutely essential to appreciate the accommodation on offer .

Agent Details

Derbyshire Properties, Derby

01332 316715

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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