2 Bed Bungalow, Refurb/BRRR, Ashbourne, DE6 2EL, £350,000

Woodland View, Roston Common, Ashbourne, Derbyshire DE6 2EL - 2 months ago

Sold STC
Auction
Refurb/BRRR
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£115K - £350K
Sold Prices/m²£1.4K/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.1K/m²

Value Estimate

£164,602

 

 

End Value (After Refurb)

£265,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£27,600

Bridging Loan Interest

£9,188

Total Cash In

£142,738

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£265,000

Mortgage (After Refinance)

£198,750

Mortgage LTV

75%

Cash Left In

£142,738

Equity

£66,250

Rent Range

£650 - £1,200

Rent Estimate

£870

Running Costs/mo

£1,022

Cashflow/mo

£-152

Cashflow/yr

£-1,825

Gross Yield

3%

Local Sold Prices

29 sold prices from £115K to £350K, average is £160K. £1.4K/m² to £3.6K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£148K01/212.13 mi26, Mayfield Terrace, Mayfield, Ashbourne, Staffordshire DE6 2JL2
£140K03/212.13 mi4, Mayfield Terrace, Mayfield, Ashbourne, Staffordshire DE6 2JL2
£159.5K05/212.13 mi9, Mayfield Terrace, Mayfield, Ashbourne, Staffordshire DE6 2JL2
£170K11/222.13 mi4, South View, Mayfield, Ashbourne, Staffordshire DE6 2JP2
£167.5K09/222.13 mi7, Mayfield Terrace, Mayfield, Ashbourne, Staffordshire DE6 2JL2
£175K11/232.29 mi23, Woodseat Grove, Rocester, Uttoxeter, Staffordshire ST14 5NA2
£146.9K02/212.29 mi14, Woodseat Grove, Rocester, Uttoxeter, Staffordshire ST14 5NA2
£162K02/212.33 mi14, Wall Ash, Mayfield, Ashbourne, Staffordshire DE6 2JZ2
£150K03/212.35 mi2, Dove Lane, Rocester, Uttoxeter, Staffordshire ST14 5LA2
£232.2K05/212.36 miDovecote, West View, Rocester, Uttoxeter, Staffordshire ST14 5JY2
£115K11/232.36 mi16, West View, Rocester, Uttoxeter, Staffordshire ST14 5JY2
£165K12/232.36 mi21, West View, Rocester, Uttoxeter, Staffordshire ST14 5JY2
£165K09/212.36 mi4, Coronation Crescent, Rocester, Uttoxeter, Staffordshire ST14 5LD2
£175K05/212.4 mi6, Mayfield Avenue, Mayfield, Ashbourne, Staffordshire DE6 2JA2
£152K06/212.43 mi14, Swinson Close, Rocester, Uttoxeter, Staffordshire ST14 5LG2
£150K10/232.44 mi55, Church Lane, Rocester, Uttoxeter, Staffordshire ST14 5JZ2
£150K10/232.44 mi55, Church Lane, Rocester, Uttoxeter, Staffordshire ST14 5JZ2
£160K04/212.5 mi4, Millbank Drive, Rocester, Uttoxeter, Staffordshire ST14 5NX2
£350K01/232.51 miSextus, Castrum Court, Rocester, Uttoxeter, Staffordshire ST14 5PL2
£179.9K11/212.51 mi6, Holme Bank, Mayfield, Ashbourne, Staffordshire DE6 2HX2
£160K01/212.51 mi4, Holme Bank, Mayfield, Ashbourne, Staffordshire DE6 2HX2
£153.8K03/212.51 mi9, Holme Bank, Mayfield, Ashbourne, Staffordshire DE6 2HX2
£159K10/222.51 mi44, Mill Street, Rocester, Uttoxeter, Staffordshire ST14 5JX2
£185K10/232.52 mi3, Millbank Drive, Rocester, Uttoxeter, Staffordshire ST14 5NX2
£212.5K08/232.52 mi33, Millbank Drive, Rocester, Uttoxeter, Staffordshire ST14 5NX2
£180K10/222.57 mi32, Cross Side, Clifton, Ashbourne, Derbyshire DE6 2GJ2
£159K11/232.58 mi89, Riversfield Drive, Rocester, Uttoxeter, Staffordshire ST14 5LN2
£295K01/232.58 mi60a, High Street, Rocester, Uttoxeter, Staffordshire ST14 5JU2
£141K11/202.61 mi1, Gallowstree Lane, Mayfield, Ashbourne, Staffordshire DE6 2HJ2

Local Rents

6 rents from £650/mo to £1.2K/mo, average is £888/mo.

RentDateDistanceAddressBeds 
£1,20012/240.64 miCorner Cottage, Roston3
£87512/241.22 miChurch Road, Snelston2
£1,10004/251.72 mi-2
£65012/242.3 miWeston Bank,Marston Montgomery,DE62
£90003/252.36 mi-2
£72512/242.4 miMayfield Avenue, Mayfield, Ashbourne DE63

Local Area Statistics

Population in DE6

25,599

Town centre distance

3.83 miles away

Nearest school

0.60 miles away

Nearest train station

5.94 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+194%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Listed for £350,000

February 17, 2025

Floor Plans

Description

  • Auction: 27.03.2025 09:00 +
  • Council Tax Band: C +
  • Detached two bedroomed bungalow +
  • In need of modernisation +
  • Substantial detached outbuilding +
  • Set on a generous plot of approximately 2.48 acres +
  • Enviable rural location +
  • Excellent potential +
  • EPC Rating: Awaited +

For sale on 27 March 2025
Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction.
The auction will commence at 09:00.
On behalf of John German - Ashbourne Set in an enviable rural location, Woodland View is a detached two bedroomed bungalow offering a rare opportunity for those seeking a project with significant potential. Sitting on a generous plot of approximately 2.48 acres, the property is ideally suited for a hobby farmer or equestrian enthusiast, providing ample space for various uses. While requiring modernisation, the bungalow presents an excellent chance for buyers to tailor the home to their own requirements. Despite its peaceful setting, the property benefits from convenient access to main road links, with Ashbourne and surrounding areas within easy reach.

Alongside the bungalow, there is a substantial detached outbuilding, which could serve as a workshop, garage, or additional storage, further enhancing the propertys versatility.

The combination of a desirable rural setting, extensive grounds, and scope for improvement makes Woodland View a compelling opportunity for buyers looking to invest in a property with potential in a sought-after location.

The property is also sold with the benefit of no upward chain and briefly comprises of a utility room, kitchen, shower room, two bedrooms, dining room and a sitting room.

Entering the property through the utility area, there are wall-mounted cupboards providing useful storage and a door leading into the kitchen.

The kitchen features rolled-edge preparation surfaces with an inset composite sink, adjacent drainer and mixer tap, complemented by tiled splashbacks. There is a range of cupboards and drawers, an electric double oven and a four-ring electric hob. Wall-mounted cupboards offer additional storage, and there is space for freestanding appliances, including plumbing for a washing machine. The room also houses an electric radiator, electric circuit board and meter. A loft hatch provides access to additional storage, and there is a serving hatch, along with doors leading to the inner lobby and dining room.

The dining room benefits from a bay window to the side, allowing for natural light, and features a fireplace with an inset solid fuel burner, which also serves as the central heating source. Doors lead to both the sitting room and the inner hallway. There is also an electric radiator.

The inner lobby offers practical storage, including built-in wardrobes and a cupboard housing the hot water tank, with a door leading to the shower room.

The shower room is fitted with a wash hand basin, a shower unit, a bath and a low-level WC.

The sitting room is dual aspect, with windows to the front and side, whilst a fireplace with an open fire serves as the focal point, and built-in cupboards provide additional storage. An electric radiator is also installed.

The inner hallway leads to the bedrooms and features an electric radiator. Bedroom one is a spacious double with built-in wardrobes and cupboards for storage. Bedroom two is also a well-proportioned double, benefiting from built-in wardrobes.

Externally, the property enjoys a generous plot of approximately 2.48 acres. The front of the property features a driveway offering ample off-street parking for multiple vehicles. To the side, there is a large concrete workshop with sliding doors, an adjoining garage with an up-and-over door, and an outdoor inspection pit. The property sits on approximately 0.5 acres of garden and grounds, with an adjacent paddock of around 2 acres, offering excellent potential for hobby farming or equestrian use. Flood Risk Rivers and Seas - No Risk. Surface Water - Very Low.
Building Construction TBC
Broadband (estimated speeds) Standard 7 mbps and Ultrafast 1800 mbps show as available in this location
Mobile Signal EE, O2, Vodaphone and Three show as available in this location.
Satellite and Cable TV Availability Sky and BT show as available in this location.
Draft Sales Details These sales details are awaiting vendor approval. Tenure: Freehold EPC Rating: Awaited Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT). 

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Agent Details

SDL Property Auctions, Nationwide

08000 465454

Next Steps?

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