2 Bed Terraced House, Cash/Bridging Only, Mossley, OL5 9JQ, £165,000

Micklehurst Road, Mossley, OL5 9JQ - 2 views - 4 months ago

Sold STC
Cash
ROI: 2%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£57.6K - £272.5K
Sold Prices/m²£1.2K/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.4K/m²

Value Estimate

£148,130

 

 

End Value (After Refurb)

£165,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,150

Refurb Costs

£28,800

Bridging Loan Interest

£4,331

Total Cash In

£82,281

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£165,000

Mortgage (After Refinance)

£123,750

Mortgage LTV

75%

Cash Left In

£82,281

Equity

£41,250

Rent Range

£550 - £1,245

Rent Estimate

£811

Running Costs/mo

£698

Cashflow/mo

£113

Cashflow/yr

£1,358

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £57.6K to £272.5K, average is £151.8K. £1.2K/m² to £3.9K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£142K06/210.01 mi11, Andrews Buildings, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JH2
£112K05/210.06 mi59, Micklehurst Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JF2
£140K03/210.06 mi49, Micklehurst Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JF2
£140K02/210.06 mi37, Micklehurst Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JF2
£225K10/220.16 mi11, Marle Rise, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LJ2
£176K02/230.16 mi32, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£80K07/210.17 mi35, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£147K01/240.17 mi28, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£210K06/220.18 mi10, Richmond Crescent, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LQ2
£160K02/230.18 mi10, Derby Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NU2
£160K03/210.18 mi32, King Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9HX2
£145K06/210.18 mi26, King Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9HX2
£127K06/220.19 mi62, Winterford Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9EQ2
£129K12/200.19 mi14, Tabley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PD2
£160K05/230.19 mi10, Tabley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PD2
£57.6K02/230.21 mi33, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£175K05/230.22 mi24, Denbigh Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PB2
£144K12/200.23 mi21, Brunswick Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NX2
£151.5K07/210.23 mi49, Brunswick Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NX2
£140K01/210.23 mi47, Brunswick Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NX2
£235K11/220.24 mi8, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£240K07/220.24 mi37, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£170K11/200.24 mi8, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£165K07/230.25 mi16, The Uplands, Mossley, Ashton-under-lyne, Greater Manchester OL5 9EZ2
£232K12/220.26 mi26, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£156.5K04/240.28 mi51, Cheshire Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NW2
£165K08/230.29 mi71, Station Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9EB2
£130K04/210.29 mi55, Station Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9EB2
£175K12/230.3 mi5, Audley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NQ2
£150K09/230.31 mi11, Cemetery Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PQ2
£272.5K09/220.31 mi99, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PL2
£144K01/210.31 mi5, Audley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NQ2
£178.8K07/230.33 mi26, Queensway, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PA2
£148.5K02/210.44 mi72, Bury Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9HN2
£167.5K05/210.47 mi121, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AA2
£245K12/220.48 mi283, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AN2
£135K01/210.48 mi279, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AN2
£185K12/220.48 mi227, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AN2
£135K10/200.48 mi315, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AT2
£177K06/230.48 mi315, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AT2
£146K05/210.49 mi2, Stanhope Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LX2
£152K08/230.49 mi16, Stanhope Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LX2
£125K08/230.5 mi53, Egmont Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NB2
£142K03/240.5 mi27, Egmont Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NB2
£202K03/230.5 mi101, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LU2
£180K11/220.51 mi325, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AY2
£127.5K11/200.51 mi1, Bury Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9ND2
£175K02/230.52 mi71, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LZ2
£90K04/210.52 mi51, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LZ2
£145K02/240.52 mi55, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LZ2

Local Rents

24 rents from £550/mo to £1.2K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£55010/240.11 mi-2
£75006/240.16 mi-2
£85004/250.16 mi-2
£75006/240.16 mi-2
£75006/240.18 mi-2
£82511/230.19 mi-2
£72512/230.19 mi-2
£79510/240.19 mi-2
£69507/240.23 mi-2
£79512/230.3 mi-2
£79512/230.3 mi-2
£85008/240.38 miWaggon Road, Mossley, Ashton-Under-Lyne, OL52
£85006/240.38 miWaggon Road, Ashton-under-lyne, OL52
£80006/240.39 miBorder Mill Fold, Mossley, Ashton-under-Lyne, Greater Manchester, OL52
£80011/230.4 mi-2
£82501/250.4 mi-2
£79502/240.49 mi-2
£1,24503/240.52 miStamford Road, OL52
£79503/240.57 miPark Street, OL52
£85008/240.59 miCarter Street, Mossley, Ashton-under-Lyne, Greater Manchester, OL52
£80006/240.59 miMountain Street, Mossley, Ashton-Under-Lyne2
£84502/240.61 mi-2
£84502/240.61 mi-2
£82506/240.62 mi-2

Local Area Statistics

Population in OL5

10,957

Town centre distance

0.43 miles away

Nearest school

0.10 miles away

Nearest train station

0.51 miles away

 

 

Rental growth (12m)

+49%

Sales demand

Balanced market

Capital growth (5yrs)

+44%

Property History

Listed for £165,000

January 9, 2025

Floor Plans

Description

  • Ready To Move Into Home +
  • Two Double Bedrooms +
  • Sought After Area +
  • Ideal For First Time Buyers +
  • Small Garden Area To Rear +
  • Viewing Essential! +

This beautifully presented two-bedroom stone mid-terrace property offers an ideal blend of charm, character, and modern living. Located in the highly desirable Bottom Mossley area, the home is perfectly situated close to a range of local amenities, reputable schools, and excellent transport links, making it an excellent choice for commuters and families alike. The nearby open countryside provides the opportunity to enjoy tranquil walks and outdoor activities, adding to the appeal of this fantastic location.

On the ground floor, you are welcomed into a cosy yet spacious lounge that serves as the heart of the home, leading to a thoughtfully designed open-plan kitchen/diner. This layout is perfect for hosting gatherings or enjoying family meals in a comfortable and stylish setting. Upstairs, the property features two well-proportioned double bedrooms, offering ample space and flexibility, along with a family bathroom that has been designed with both functionality and style in mind.

Externally, the property benefits from a charming stone-walled forecourt garden at the front, enhancing its curb appeal. To the rear, there is a private enclosed area with gated access, offering a low-maintenance outdoor space.

This property is impeccably presented throughout, ready for its new owners to move in and make it their own. Whether you’re a first-time buyer, downsizer, or investor, this delightful home ticks all the boxes. Viewing Highly Recommended

Ground Floor -

Lounge - 4.08m x 4.19m (13'5" x 13'9") - Door to front, double glazed window to front, radiator, stairs leading to first floor, double doors leading to:

Kitchen/Diner - 3.11m x 4.19m (10'2" x 13'9") - Fitted with a matching range of base and eye level units with worktop space over, inset sink and drainer with mixer tap, tiled splashbacks, integrated fridge/freezer, plumbing for washing machine, built-in oven, built-in hob with extractor hood over, built-in microwave, double glazed window to rear, radiator, door leading out to rear garden.

First Floor -

Landing - Radiator, doors leading to:

Bedroom 1 - 3.18m x 4.19m (10'5" x 13'9") - Double glazed window to front, radiator.

Bedroom 2 - 3.11m x 3.11m (10'2" x 10'2") - Double glazed window to rear, radiator.

Bathroom - 2.13m x 1.60m (7'0" x 5'3") - Three piece suite comprising P shaped panelled bath with shower over, wash hand basin and low-level WC, part tiled walls, double glazed window to rear, heated towel rail.

Outside - Stone walled forecourt garden to the front. Enclosed low maintenance small garden area to the rear with gated access.

Disclaimer - Home Estate Agents believe all the particulars given to be accurate. They have not tested or inspected any equipment, apparatus, fixtures or fittings and cannot, therefore, offer any proof or confirmation as to their condition or fitness for purpose thereof. The purchaser is advised to obtain the necessary verification from the solicitor or the surveyor. All measurements given are approximate and for guide purposes only and should not be relied upon as accurate for the purpose of buying fixtures, floor-coverings, etc. The buyer should satisfy him/her self of all measurements prior to purchase.

Before we can accept an offer for any property we will need certain information from you which will enable us to qualify your offer. If you are making a cash offer which is not dependent upon the sale of another property we will require proof of funds. You should be advised that any approach to a bank, building society or solicitor before we have qualified your offer may result in legal or survey fees being lost. In addition, any delay may result in the property being offered to someone else.

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Agent Details

Home Estate Agents Ltd, Stalybridge

0161 524 4847

Next Steps?

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