2 Bed Bungalow, Refurb/BRRR, Huddersfield, HD4 7LW, £180,000

Lavender Court, Netherton, Huddersfield, HD4 7LW - 1 views - 2 months ago

Auction
Refurb/BRRR
ROI: 5%
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£79K - £450K
Sold Prices/m²£1.4K/m² - £6.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£156,763

 

 

End Value (After Refurb)

£184,000

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£26,951

Bridging Loan Interest

£4,725

Total Cash In

£85,026

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£184,000

Mortgage (After Refinance)

£138,000

Mortgage LTV

75%

Cash Released

£3,000

Cash Left In

£82,026

Equity

£46,000

Rent Range

£650 - £975

Rent Estimate

£1,209

Running Costs/mo

£837

Cashflow/mo

£372

Cashflow/yr

£4,466

ROI

5%

Gross Yield

8%

Local Sold Prices

51 sold prices from £79K to £450K, average is £159.5K. £1.4K/m² to £6.3K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£190K10/200.14 miWyncroft, Netherton Moor Road, Huddersfield, West Yorkshire HD4 7JF2
£110K02/210.15 mi228, Coppice Drive, Netherton, Huddersfield, West Yorkshire HD4 7WP2
£127.5K09/230.15 mi206, Coppice Drive, Netherton, Huddersfield, West Yorkshire HD4 7WP2
£170K05/210.17 mi30, South Street, Netherton, Huddersfield, West Yorkshire HD4 7JQ2
£210K04/210.17 mi7, Goldcrest Court, Netherton, Huddersfield, West Yorkshire HD4 7LN2
£127K03/230.18 mi40, Elder Grove Mews, Netherton, Huddersfield, West Yorkshire HD4 7WE2
£195K03/210.2 mi36, Falconers Ride, Netherton, Huddersfield, West Yorkshire HD4 7LJ2
£175K12/230.29 mi116, Moor Lane, Huddersfield, West Yorkshire HD4 7JJ2
£165K11/200.3 mi37, Delph Lane, Huddersfield, West Yorkshire HD4 7JA2
£225K12/220.31 mi7, Crescent Avenue, Huddersfield, West Yorkshire HD4 7JD2
£188K04/210.31 mi145, Moor Lane, Huddersfield, West Yorkshire HD4 7JN2
£188K04/210.31 mi145, Moor Lane, Huddersfield, West Yorkshire HD4 7JN2
£170K11/230.31 mi105, Moor Lane, Huddersfield, West Yorkshire HD4 7JN2
£250K11/200.35 mi5, Hawkroyd Bank Road, Huddersfield, West Yorkshire HD4 7JP2
£147K05/210.36 mi55, Lea Lane, Netherton, Huddersfield, West Yorkshire HD4 7DP2
£185K08/230.36 mi53, Lea Lane, Netherton, Huddersfield, West Yorkshire HD4 7DP2
£150K02/210.37 mi53, Marten Drive, Huddersfield, West Yorkshire HD4 7JX2
£197.5K10/230.37 mi65, Marten Drive, Huddersfield, West Yorkshire HD4 7JX2
£144K12/200.37 mi57, Beaumont Street, Netherton, Huddersfield, West Yorkshire HD4 7HE2
£179.5K04/230.37 mi73, Beaumont Street, Netherton, Huddersfield, West Yorkshire HD4 7HE2
£159.5K11/200.37 mi26, Hawkroyd Bank Road, Huddersfield, West Yorkshire HD4 7JW2
£162.5K08/230.38 mi1, Beaumont Street, Netherton, Huddersfield, West Yorkshire HD4 7HD2
£165K06/210.38 mi62, Marten Drive, Huddersfield, West Yorkshire HD4 7JT2
£140K03/210.39 mi9, Netherton Fold, Huddersfield, West Yorkshire HD4 7HB2
£180K01/230.4 mi3, Marten Grove, Huddersfield, West Yorkshire HD4 7JU2
£138K12/230.42 mi22, New Street, Netherton, Huddersfield, West Yorkshire HD4 7EZ2
£120K11/230.42 mi19, Bourn View Road, Huddersfield, West Yorkshire HD4 7JY2
£108K03/210.43 mi297, Meltham Road, Lockwood, Huddersfield, West Yorkshire HD4 7EX2
£135K09/230.43 mi279, Meltham Road, Netherton, Huddersfield, West Yorkshire HD4 7HJ2
£135K09/230.43 mi279, Meltham Road, Netherton, Huddersfield, West Yorkshire HD4 7HJ2
£150.5K05/210.48 mi23, Chapel Street, Netherton, Huddersfield, West Yorkshire HD4 7ES2
£189.9K11/210.48 mi3, Deyne Road, Huddersfield, West Yorkshire HD4 7ET2
£395K11/220.54 mi369, Meltham Road, Netherton, Huddersfield, West Yorkshire HD4 7EL2
£149K07/210.54 mi236, Meltham Road, Huddersfield, West Yorkshire HD4 7BD2
£118K10/200.59 mi19, Wood End Road, Huddersfield, West Yorkshire HD4 7PF2
£145K09/210.61 mi34, Church Street, Honley, Holmfirth, West Yorkshire HD9 6BJ2
£170K04/210.62 mi3, Scotgate Road, Honley, Holmfirth, West Yorkshire HD9 6JQ2
£156.3K10/210.63 mi4, Crown Street, Honley, Holmfirth, West Yorkshire HD9 6BH2
£190K02/230.67 mi25, Stockwell Vale, Armitage Bridge, Huddersfield, West Yorkshire HD4 7PL2
£79K04/210.67 mi9, Royd Terrace, Armitage Bridge, Huddersfield, West Yorkshire HD4 7NZ2
£100K07/210.67 mi5, Royd Terrace, Armitage Bridge, Huddersfield, West Yorkshire HD4 7NZ2
£170K08/230.67 mi27, Royd Terrace, Armitage Bridge, Huddersfield, West Yorkshire HD4 7NZ2
£80K03/210.67 mi2, Well Hill, Honley, Holmfirth, West Yorkshire HD9 6JF2
£115.2K06/210.67 mi6, Well Hill, Honley, Holmfirth, West Yorkshire HD9 6JF2
£250K04/230.69 mi12, Forest Way, Honley, Holmfirth, West Yorkshire HD9 6HT2
£130K12/200.69 mi4, Exchange, Honley, Holmfirth, West Yorkshire HD9 6AY2
£450K05/230.69 mi24, Church Lane, South Crosland, Huddersfield, West Yorkshire HD4 7DB2
£142.5K09/210.71 mi6, Cross Street, Honley, Holmfirth, West Yorkshire HD9 6JR2
£172.5K11/200.71 mi35, Church Street, Honley, Holmfirth, West Yorkshire HD9 6AH2
£145K11/210.71 mi24, Church Street, Honley, Holmfirth, West Yorkshire HD9 6AH2
£140K03/210.71 mi22, Grasscroft Road, Honley, Holmfirth, West Yorkshire HD9 6HG2

Local Rents

10 rents from £650/mo to £975/mo, average is £772/mo.

RentDateDistanceAddressBeds 
£75012/240.06 miCoppice Drive, Netherton, Huddersfield, HD42
£82505/240.54 miDyson Hill, Honley, Holmfirth, West Yorkshire, HD92
£82503/250.55 mi-2
£77504/240.58 miWood End Road, Armitage Bridge, Huddersfield2
£79504/240.78 miDeadmanstone, Berry Brow, Huddersfield, HD4 7QQ2
£97505/240.78 miHonley, Holmfirth2
£70004/240.81 miDodds Royd, Berry Brow2
£65004/240.82 mi-2
£67503/250.84 mi-2
£76912/230.86 mi-2

Local Area Statistics

Population in HD4

30,170

Population in Huddersfield

200,145

Town centre distance

2.07 miles away

Nearest school

0.20 miles away

Nearest train station

0.85 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+15%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £180,000

February 12, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Driveway and garage +
  • Peaceful and private rear garden plus front and side gardens +
  • Spacious lounge +
  • Semi-rural location with good transport access. +
  • Great for downsizers +

SUMMARY
Lovely detached bungalow with driveway and garage. Expansive lounge leading out to private rear garden with a large turf space. With front and side gardens also.

DESCRIPTION
Located in the picturesque area of Netherton within close distance to the coveted farm shop alongside scenic walks and a good selection of transport links and amenities. Briefly comprising of front, side and enclosed rear gardens with driveway leading to garage on the left-hand side. Entering a good-sized hallway with coat and shoe storage giving access to the kitchen and a spacious family lounge with gas fire and doors leading to to a large garden space. There are two double bedrooms alongside a bathroom having shower and w/c alongside storage cupboards. Externally, the rear is private and peaceful with a large turf area. Lovely young family home or ideal for downsizers in area.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Lounge 14' 2" x 15' 4" ( 4.32m x 4.67m )
Extremely spacious lounge with lots of scope for renovation. Natural light from the large patio doors opening onto the garden. Carpeted flooring and ample space for dining table and chairs.

Kitchen 10' 4" x 8' 2" ( 3.15m x 2.49m )
Good sized kitchen fitted with a range of base and wall units with laminate work tops. With an integrated gas hob and electric oven. Space for undercounter washing machine and tumble dryer. With a double glazed window and an external door to the rear.

Bedroom One 11' 3" x 12' 5" ( 3.43m x 3.78m )
Spacious double bedroom with carpeted flooring, and a double glazed window to the front.

Bedroom Two 10' 3" x 7' 4" ( 3.12m x 2.24m )
Good sized single bedroom with integrated cupboards, and carpeted flooring. Plus a double glazed window to the front.

Bathroom 
Good sized bathroom fitted with a shower over bath, low flush WC and wash hand basin. With a double glazed window to the side.

External 
Nice sized rear garden, consisting of a lawned area with a garden shed. Fully enclosed by timber fence and brick walls.

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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