2 Bed Terraced House, Refurb/BRRR, Ashbourne, DE6 1AS, £155,000

79 Mayfield Road, Ashbourne, Derbyshire, DE6, DE6 1AS - 4 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~68 m²
+6 photos

ValuationFair Value

Sold Prices£111K - £576K
Sold Prices/m²£1.6K/m² - £5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£155,000

 

 

End Value (After Refurb)

£157,500

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£5,850

Refurb Costs

£27,600

Bridging Loan Interest

£4,069

Total Cash In

£78,019

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£157,500

Mortgage (After Refinance)

£118,125

Mortgage LTV

75%

Cash Released

£1,875

Cash Left In

£76,144

Equity

£39,375

Rent Range

£695 - £1,200

Rent Estimate

£864

Running Costs/mo

£685

Cashflow/mo

£179

Cashflow/yr

£2,148

ROI

3%

Gross Yield

7%

Local Sold Prices

20 sold prices from £111K to £576K, average is £162.5K. £1.6K/m² to £5K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£156K03/210 mi59, Mayfield Road, Ashbourne, Derbyshire DE6 1AS2
£140K04/210 mi106, Mayfield Road, Ashbourne, Derbyshire DE6 1AS2
£120K09/210.11 mi34, Mayfield Road, Ashbourne, Derbyshire DE6 1AR2
£576K11/210.4 miRichmond, Belle Vue Road, Ashbourne, Derbyshire DE6 1AT2
£175K03/230.48 mi23, Northcliffe Road, Ashbourne, Derbyshire DE6 1FE2
£155K06/230.52 mi20, South Street, Ashbourne, Derbyshire DE6 1DP2
£170K03/230.52 mi32, South Street, Ashbourne, Derbyshire DE6 1DP2
£165K08/220.52 mi54, South Street, Ashbourne, Derbyshire DE6 1DP2
£160K06/210.52 mi8, South Street, Ashbourne, Derbyshire DE6 1DP2
£190K06/230.54 mi7, Old Hill, Ashbourne, Derbyshire DE6 1BL2
£190K09/220.54 mi9, Old Hill, Ashbourne, Derbyshire DE6 1BL2
£140K01/210.54 mi8, Dovehouse Green, Ashbourne, Derbyshire DE6 1FF2
£150K08/220.57 mi4, Malbons Yard, Ashbourne, Derbyshire DE6 1BX2
£150.1K10/200.64 mi17, Peter Street, Ashbourne, Derbyshire DE6 1FP2
£188K03/230.64 mi10, Peter Street, Ashbourne, Derbyshire DE6 1FP2
£111K04/210.68 mi26, Buxton Road, Ashbourne, Derbyshire DE6 1EX2
£132K07/220.7 mi20, Buxton Road, Ashbourne, Derbyshire DE6 1EX2
£180K10/220.76 mi32, Cross Side, Clifton, Ashbourne, Derbyshire DE6 2GJ2
£209K06/220.82 mi6, Handel Mews, Ashbourne, Derbyshire DE6 1SQ2
£215K06/210.9 mi11, Springfield Avenue, Ashbourne, Derbyshire DE6 1BJ2

Local Rents

14 rents from £695/mo to £1.2K/mo, average is £843/mo.

RentDateDistanceAddressBeds 
£69512/240.15 miBernard Gadsby Close, Ashbourne2
£79512/240.42 miQueen Elizabeth Court, Belle Vue Road, Ashbourne2
£1,10002/240.47 mi-2
£72512/240.56 miThe Plough, Old Hill, Ashbourne, Derbyshire2
£1,20012/240.58 miKing Edward Street, Ashbourne DE6 1BW2
£85012/240.58 miCompton, Ashbourne DE6 1DA2
£79512/240.62 miTaylor Court, Ashbourne, Derbyshire, DE62
£82512/240.63 miTaylor Court, Sturston Road, Ashbourne2
£85012/240.65 miSt. John Street, Ashbourne2
£90012/240.65 miSt. John Street, Ashbourne2
£77512/240.65 miSt. John Street, Ashbourne2
£88012/240.68 miKing Street, Ashbourne DE6 1EA2
£83512/240.89 miSt. Monicas Way, Tissington Court, Windmill Lane, Ashbourne, Derbyshire, DE62
£87512/241.1 miBarton Drive, ASHBOURNE, Derbyshire, DE62

Local Area Statistics

Population in DE6

25,599

Town centre distance

0.61 miles away

Nearest school

0.30 miles away

Nearest train station

9.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+194%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Listed for £155,000

February 17, 2025

Floor Plans

Description

  • TRADITIONAL MID-TERRACE PROPERTY +
  • GENEROUSLY PROPORTIONED +
  • ATTIC ROOM ON SECOND FLOOR +
  • WITHIN WALKING DISTANCE OF TOWN CENTRE +
  • ACCOMMODATION OVER THREE FLOORS +
  • GARDENS BACK ONTO OPEN FIELDS +
  • NO UPWARD CHAIN +

DESCRIPTION
A traditional mid-terrace property providing generously proportioned accommodation requiring modernisation. The property backs onto open countryside yet is conveniently located within walking distance of the town centre. The accommodation is arranged over three floors and briefly comprises sitting room, dining room, kitchen and rear porch to the ground floor. On the first floor there are two double bedrooms and a family bathroom, along with an attic room on the second floor. Having gas central heating and UPVC double glazing. Standing elevated from the road, behind a fore garden along with outbuilding and rear garden.

ACCOMMODATION
A UPVC double glazed front entrance door opens into the

Sitting Room 3.95m x 3.68m (13' x 12'1") having a front aspect UPVC double glazed window, coved ceiling, radiator and feature fireplace with polished wood mantelpiece and side plinth, quarry tiled hearth and open fire grate. A door leads into the

Dining Room 3.75m x 3.06m min and 3.89m max (12'3" x 10' min and 12'9" max) comprising a feature fireplace with polished wood mantelpiece and side plinth, quarry tiled hearth and open fire grate. There is a rear aspect UPVC double glazed window, radiator, understairs storage cupboard and staircase leading to the first floor.

Kitchen 3.32m x 2.22m (10'10" x 7'3") comprising a range of wall and base units and drawers, worksurface with inset one and a half bowl sink and drainer unit, gas cooker point, wall mounted Vaillant heating boiler, rear aspect UPVC double glazed window, side aspect window and door leading into the

Rear Porch 2.42m x 1.29m (7'11" x 4'2") with quarry tiled floor, UPVC double glazed window and UPVC double glazed rear entrance door.

First Floor Landing with staircase leading to the second floor and doors lead to the bedrooms and bathroom.

Bedroom One 5.09m x 3.66m (16'8" x 12') with front aspect UPVC double glazed window, coved ceiling and radiator.

Bedroom Two 3.24m x 3.76m (10'7" x 12'4") with rear aspect UPVC double glazed window, radiator and built-in cylinder cupboard.

Bathroom 3.31m x 2.24m (10'10" x 7'4") comprising bath with electric shower over, wash-hand basin, low flush wc, partially tiled walls, radiator and rear aspect UPVC double glazed window.

Second Floor Attic Room 4.71m x 4.68m (15'5" x 15'4") overall measurements. Having exposed floorboards, radiator and upvc double glazed windows over looking the rear garden and open countryside beyond.

OUTSIDE
The property stands elevated and set back from the road, behind a lawned fore garden. A shared passageway leads to the rear of the property where there is an outbuilding. Steps lead up to the rear garden which is mainly laid to lawn and backs onto open fields.

SERVICES
It is understood that all mains services are connected.

FIXTURES & FITTINGS
Other than those fixtures and fittings specifically referred to in these sales particulars no other fixtures and fittings are included in the sale. No specific tests have been carried out on any of the fixtures and fittings at the property.

TENURE
It is understood that the property is held freehold but interested parties should verify this position with their solicitors.

COUNCIL TAX
For Council Tax purposes the property is in band B

EPC RATING E

VIEWING
Strictly by prior appointment with the sole agents Messrs Fidler-Taylor & Co on .

WHAT3WORDS
treaty.spouting.decisive

Ref FTA2737

Agent Details

Fidler Taylor, Ashbourne

01335 218930

Next Steps?

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