2 Bed Flat, Refurb/BRRR, Huddersfield, HD2 1GU, £70,000

1 Marlington Drive, Huddersfield HD2 1GU - 3 views - 3 months ago

Leasehold
Refurb/BRRR
ROI: 7%
54 m²
+3 photos

ValuationFair Value

Sold Prices£53K - £164.9K
Sold Prices/m²£756/m² - £2.5K/m²

 

 

Square Metres

54.40 m²
Price/m²£1.3K/m²

Value Estimate

£70,700

 

 

End Value (After Refurb)

£85,148

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£3,300

Refurb Costs

£21,603

Bridging Loan Interest

£1,838

Total Cash In

£45,991

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£85,148

Mortgage (After Refinance)

£63,861

Mortgage LTV

75%

Cash Released

£11,361

Cash Left In

£34,630

Equity

£21,287

Rent Range

£495 - £875

Rent Estimate

£691

Running Costs/mo

£424

Cashflow/mo

£267

Cashflow/yr

£3,201

ROI

7%

Gross Yield

12%

Local Sold Prices

47 sold prices from £53K to £164.9K, average is £81K. £756/m² to £2.5K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£53K08/230 mi7, Marlington Drive, Huddersfield, West Yorkshire HD2 1GU2
£63.5K03/230.04 mi189, Bradley Boulevard, Huddersfield, West Yorkshire HD2 1EA2
£67K06/230.04 mi187, Bradley Boulevard, Huddersfield, West Yorkshire HD2 1EA2
£75K12/220.07 mi7, Drysdale Fold, Huddersfield, West Yorkshire HD2 1ZF2
£65K03/230.07 mi1, Drysdale Fold, Huddersfield, West Yorkshire HD2 1ZF2
£78K04/210.08 mi2, Drysdale Fold, Huddersfield, West Yorkshire HD2 1ZF2
£78K04/210.08 mi2, Drysdale Fold, Huddersfield, West Yorkshire HD2 1ZF2
£77K12/220.08 mi5, Drysdale Fold, Huddersfield, West Yorkshire HD2 1ZF2
£54.3K03/210.08 mi7, Drysdale Fold, Huddersfield, West Yorkshire HD2 1ZF2
£90K09/210.18 mi21, Oxley Road, Huddersfield, West Yorkshire HD2 1NT2
£90K09/210.18 mi21, Oxley Road, Huddersfield, West Yorkshire HD2 1NT2
£88K04/230.18 mi3, Oxley Road, Huddersfield, West Yorkshire HD2 1NT2
£75K10/230.19 mi29, Sylvan Ridge, Huddersfield, West Yorkshire HD2 1ZH2
£80K02/230.22 mi27, Sylvan Ridge, Huddersfield, West Yorkshire HD2 1ZH2
£74K08/220.25 mi3 Hepworths Buildings, Deighton Road, Huddersfield, West Yorkshire HD2 1JW2
£100K12/200.45 mi493, Bradford Road, Huddersfield, West Yorkshire HD2 2LL2
£164.9K12/200.59 mi18, The Green, Huddersfield, West Yorkshire HD2 1QB2
£65K07/210.59 mi86, Blackhouse Road, Huddersfield, West Yorkshire HD2 1AR2
£95K10/211.01 mi39, Spaines Road, Huddersfield, West Yorkshire HD2 2SD2
£57.5K03/231.03 mi99, Cowcliffe Hill Road, Huddersfield, West Yorkshire HD2 2PE2
£70K09/211.09 mi6, Town Place, Huddersfield, West Yorkshire HD1 6PP2
£77.2K05/211.26 mi1, Common Road, Huddersfield, West Yorkshire HD1 5EU2
£77.2K05/211.26 mi1, Common Road, Huddersfield, West Yorkshire HD1 5EU2
£97K10/211.33 mi5, Annie Smith Way, Birkby, Huddersfield, West Yorkshire HD2 2GB2
£90K09/221.35 mi29, Annie Smith Way, Birkby, Huddersfield, West Yorkshire HD2 2GB2
£65K11/231.52 mi32, Fearnley Mill Drive, Huddersfield, West Yorkshire HD5 0RD2
£75K10/201.52 mi21, Fearnley Mill Drive, Bradley, Huddersfield, West Yorkshire HD5 0RD2
£77K05/221.52 mi9, Fearnley Mill Drive, Huddersfield, West Yorkshire HD5 0RD2
£88.5K04/221.54 miApartment 1, Croft Court, Mount Lane, Brighouse, West Yorkshire HD6 3QZ2
£90K07/221.54 miApartment 38, Croft Court, Mount Lane, Brighouse, West Yorkshire HD6 3QZ2
£77.5K03/221.54 mi36, Fearnley Mill Drive, Huddersfield, West Yorkshire HD5 0RD2
£90K02/211.59 mi95, George Avenue, Huddersfield, West Yorkshire HD2 2BJ2
£81K12/201.67 mi30, Hions Close, Brighouse, West Yorkshire HD6 3EH2
£88.5K02/211.7 mi11a, Hill Top Road, Moldgreen, Huddersfield, West Yorkshire HD5 9LX2
£90K10/201.7 mi7a, Hill Top Road, Moldgreen, Huddersfield, West Yorkshire HD5 9LX2
£140K09/211.77 mi26, Vernon Avenue, Huddersfield, West Yorkshire HD1 5QD2
£147.5K12/221.77 mi42, Vernon Avenue, Huddersfield, West Yorkshire HD1 5QD2
£77K09/231.8 mi67, Fields Way, Huddersfield, West Yorkshire HD5 0ND2
£86.6K06/211.83 mi9, Maple Close, Huddersfield, West Yorkshire HD5 0NL2
£120K04/241.84 mi127, Mountjoy Road, Huddersfield, West Yorkshire HD1 5QG2
£92K12/201.84 mi79, Mountjoy Road, Huddersfield, West Yorkshire HD1 5QG2
£107K10/221.87 mi129, Mountjoy Road, Huddersfield, West Yorkshire HD1 5QG2
£122.5K06/211.98 mi2, James Mason Court, Huddersfield, West Yorkshire HD1 4PX2
£96K06/221.99 miApartment 73, Millroyd Mill, Huddersfield Road, Brighouse, West Yorkshire HD6 1PR2
£76K06/231.99 miApartment 105, Millroyd Mill, Huddersfield Road, Brighouse, West Yorkshire HD6 1PR2
£90K04/221.99 miApartment 18, Millroyd Mill, Huddersfield Road, Brighouse, West Yorkshire HD6 1PB2
£110K01/211.99 miApartment 64, Millroyd Mill, Huddersfield Road, Brighouse, West Yorkshire HD6 1PR2

Local Rents

28 rents from £495/mo to £875/mo, average is £663/mo.

RentDateDistanceAddressBeds 
£75012/240 miMarlington Drive, HD22
£64503/240.04 mi-2
£85004/240.08 miBelle Vue Crescent, Huddersfield, HD22
£62512/240.39 mi-2
£69512/240.55 miRevive Court, 417 Bradford Road, Fartown, Huddersfield, HD22
£65012/240.62 mi-2
£87511/240.7 mi-2
£87501/240.71 mi-2
£80004/240.75 mi-2
£62512/240.79 miSands Terrace, Huddersfield2
£75012/240.81 miAbbey Road, Fartown2
£65012/240.85 miLeeds Road, Huddersfield2
£62004/240.95 mi-2
£65011/240.95 mi-2
£49512/240.95 mi-2
£75012/240.97 mi-2
£52504/250.98 mi-2
£60012/240.99 mi-2
£67512/240.99 miScholes Road, Birkby2
£60012/241.05 miLeeds Road, Huddersfield, HD12
£52512/241.11 mi-2
£67501/241.17 mi-2
£65012/241.19 mi-2
£65004/241.22 mi-2
£70004/241.22 mi-2
£72504/251.22 mi-2
£70002/251.22 mi-2
£70003/251.24 mi-2

Local Area Statistics

Population in HD2

28,723

Population in Huddersfield

200,145

Town centre distance

2.48 miles away

Nearest school

0.10 miles away

Nearest train station

0.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+0%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £70,000

January 7, 2025

Description

  • Ground Floor Apartment With Allocated Parking +
  • Close to Local Amenities, M62 Links and Transport +
  • Peaceful Location +
  • Investment Opportunity - NO ONWARD CHAIN +
  • Ideal For Owner Occupiers +

SUMMARY
A well-presented and modern ground floor apartment close to local amenities, public transport and the M62 networks. This apartment would be ideal for those looking to expand their portfolio and invest in a low maintenance property or owner occupiers.

DESCRIPTION
This fabulous ground floor apartment is ideal for those looking to invest or owner occupiers with a low-maintenance property, complete with off-road parking and located in a sought-after area close to local shops, public transport links and the M62 networks. The apartment comprises of an entrance hallway with a utility cupboard and a cloakroom and leads through to the open plan kitchen-lounge with modern units. The apartment has two good-sized double bedrooms, and a house bathroom with a three-piece suite and a shower over the bath. Externally, the apartment comes with one parking bay.

Entrance Hall 
Carpeted entrance hall, with an integrated cupboard, offering lots of extra storage.

Lounge 10' 3" x 16' 9" ( 3.12m x 5.11m )
Good sized lounge with carpeted flooring, warmed by an electric radiator. Lots of scope for renovation, and a large window to the side.

Kitchen 7' 9" x 13' 1" ( 2.36m x 3.99m )
Good sized kitchen with laminate, tile effect flooring, fitted with base and wall units and laminate work tops. Integrated eclectic hob and oven with extractor. Space for washing machine and fridge freezer. With a double glazed window to the side, warmed by an electric radiator.

Bedroom One 10' 11" x 8' 4" ( 3.33m x 2.54m )
Good sized double bedroom with carpeted flooring, a double glazed window, and warmed by an electric radiator.

Bedroom Two 10' 10" x 9' 8" ( 3.30m x 2.95m )
Another good sized bedroom with a double glazed window to the rear. Warmed by an electric heater radiator.

Bathroom 
Bathroom with lots of potential, laminate flooring and a double glazed window to the rear. Fitted with a bath with shower over, extractor fan, low flush WC and wash hand basin.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

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

William H. Brown, Huddersfield

01484 627776

Next Steps?

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