2 Bed Terraced House, Refurb/BRRR, Mossley, OL5 9NW, £155,000

Cheshire Street, Mossley, OL5 9NW - 2 months ago

Cash
Refurb/BRRR
ROI: 2%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£57.6K - £315K
Sold Prices/m²£1.2K/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£158,373
BMV2%

 

 

End Value (After Refurb)

£164,785

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£8,950

Refurb Costs

£28,800

Bridging Loan Interest

£4,069

Total Cash In

£82,319

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£164,785

Mortgage (After Refinance)

£123,588

Mortgage LTV

75%

Cash Released

£7,338

Cash Left In

£74,980

Equity

£41,196

Rent Range

£550 - £1,245

Rent Estimate

£815

Running Costs/mo

£698

Cashflow/mo

£117

Cashflow/yr

£1,405

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £57.6K to £315K, average is £151.8K. £1.2K/m² to £3.9K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£156.5K04/240.03 mi51, Cheshire Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NW2
£232K12/220.04 mi26, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£240K07/220.05 mi37, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£170K11/200.05 mi8, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£144K12/200.07 mi21, Brunswick Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NX2
£151.5K07/210.07 mi49, Brunswick Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NX2
£140K01/210.07 mi47, Brunswick Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NX2
£57.6K02/230.08 mi33, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£125K10/200.08 mi28, Denbigh Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PB2
£175K05/230.08 mi24, Denbigh Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PB2
£235K11/220.09 mi8, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£175K12/230.1 mi5, Audley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NQ2
£147K01/240.11 mi28, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£129K12/200.11 mi14, Tabley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PD2
£160K05/230.11 mi10, Tabley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PD2
£160K02/230.11 mi10, Derby Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NU2
£80K07/210.11 mi35, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£144K01/210.11 mi5, Audley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NQ2
£176K02/230.12 mi32, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£117K10/200.15 mi57, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PE2
£178.8K07/230.15 mi26, Queensway, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PA2
£160K03/210.17 mi32, King Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9HX2
£145K06/210.17 mi26, King Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9HX2
£150K09/230.18 mi11, Cemetery Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PQ2
£148.5K02/210.21 mi72, Bury Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9HN2
£146K05/210.21 mi2, Stanhope Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LX2
£152K08/230.21 mi16, Stanhope Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LX2
£125K08/230.21 mi53, Egmont Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NB2
£142K03/240.21 mi27, Egmont Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NB2
£167.5K05/210.22 mi121, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AA2
£112K05/210.22 mi59, Micklehurst Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JF2
£140K03/210.22 mi49, Micklehurst Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JF2
£140K02/210.22 mi37, Micklehurst Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JF2
£127.5K11/200.23 mi1, Bury Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9ND2
£202K03/230.23 mi101, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LU2
£175K02/230.24 mi71, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LZ2
£272.5K09/220.24 mi99, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PL2
£90K04/210.24 mi51, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LZ2
£145K02/240.24 mi55, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LZ2
£182K02/240.24 mi67, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LZ2
£145K02/210.27 mi34, Highfield Drive, Mossley, Ashton-under-lyne, Greater Manchester OL5 0DW2
£210K06/220.28 mi10, Richmond Crescent, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LQ2
£142K06/210.28 mi11, Andrews Buildings, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JH2
£315K03/240.3 mi8, The Manse, Mossley, Ashton-under-lyne, Greater Manchester OL5 0DP2
£178K07/210.32 mi23, Andrew Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 0DN2
£170.5K09/230.33 mi4, Park Terrace, Mossley, Ashton-under-lyne, Greater Manchester OL5 0AU2
£160K02/210.33 mi67, Andrew Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 0DL2
£165K07/230.34 mi16, The Uplands, Mossley, Ashton-under-lyne, Greater Manchester OL5 9EZ2
£141.5K03/210.35 mi6, Fox Platt Terrace, Mossley, Ashton-under-lyne, Greater Manchester OL5 0AH2
£200K08/230.35 mi6, Fox Platt Terrace, Mossley, Ashton-under-lyne, Greater Manchester OL5 0AH2

Local Rents

26 rents from £550/mo to £1.2K/mo, average is £798/mo.

RentDateDistanceAddressBeds 
£82511/230.1 mi-2
£72512/230.1 mi-2
£79511/240.1 mi-2
£79512/230.1 mi-2
£79512/230.1 mi-2
£75006/240.12 mi-2
£75006/240.12 mi-2
£75006/240.13 mi-2
£85002/250.13 mi-2
£55010/240.17 mi-2
£85008/240.2 miWaggon Road, Mossley, Ashton-Under-Lyne, OL52
£85006/240.21 miWaggon Road, Ashton-under-lyne, OL52
£79502/240.21 mi-2
£80011/230.21 mi-2
£82501/250.21 mi-2
£79503/240.35 miPark Street, OL52
£85008/240.37 miCarter Street, Mossley, Ashton-under-Lyne, Greater Manchester, OL52
£1,24503/240.38 miStamford Road, OL52
£80006/240.4 miBorder Mill Fold, Mossley, Ashton-under-Lyne, Greater Manchester, OL52
£69507/240.49 mi-2
£80006/240.49 miMountain Street, Mossley, Ashton-Under-Lyne2
£1,05007/240.52 mi-2
£85007/240.55 miSeel Street, Mossley2
£89506/240.56 miLORNE STREET, Mossley, OL52
£79507/240.58 miBirbeck Street, OL52
£65003/240.62 mi-2

Local Area Statistics

Population in OL5

10,957

Town centre distance

0.33 miles away

Nearest school

0.30 miles away

Nearest train station

0.33 miles away

 

 

Rental growth (12m)

+49%

Sales demand

Balanced market

Capital growth (5yrs)

+44%

Property History

Listed for £155,000

February 27, 2025

Floor Plans

Description

  • No Vendor Chain +
  • Two Bedrooms +
  • Desirable Area +
  • Ideal For Investors Or First Time Buyers +
  • Communal Garden Area To Rear +
  • Viewing Essential! +

A two-bedroom stone mid-terrace property offered with no vendor chain, situated in a highly sought-after area of Mossley. This home is ideally located close to local amenities, reputable schools, and Mossley train station, providing excellent transport links to Manchester and beyond. An ideal opportunity for investors or first-time buyers looking for a project, this property offers fantastic potential for modernisation and personalisation.

The ground floor features an entrance vestibule leading into a spacious lounge. The kitchen/diner to the rear provides ample space for cooking and dining, with access to the communal garden, offering an opportunity to create a stylish and functional living area.

Upstairs, the first floor boasts two well-proportioned bedrooms, both offering comfortable living space. A shower room completes this floor.

Externally, the property benefits from a communal garden to the rear, providing a shared outdoor space perfect for relaxing or socialising. With its desirable location, abundance of potential, and charming stone exterior, this property is a fantastic investment or an exciting project for those looking to create a beautiful home in the heart of Mossley. Viewing Highly Recommended.

Ground Floor -

Entrance Vestibule - Door to front, door leading to:

Lounge - 4.65m x 4.12m (15'3" x 13'6") - Double glazed window to front, feature fireplace with inset fire, radiator, door leading to:

Kitchen/Diner - 3.38m x 4.12m (11'1" x 13'6") - Fitted with a matching range of base and eye level units with worktop space over, inset sink and drainer with mixer tap, plumbing for washing machine, space for fridge/freezer, built-in oven, built-in hob with extractor hood over, double glazed window to rear, radiator, access to under stairs storage space, door leading out to rear, stairs leading up to first floor.

First Floor -

Landing - Doors leading to:

Bedroom 1 - 4.57m x 4.12m (15'0" x 13'6") - Double glazed window to front, radiator.

Bedroom 2 - 3.38m x 2.40m (11'1" x 7'10") - Double glazed window to rear, radiator.

Shower Room - 1.58m x 1.63m (5'2" x 5'4") - Three piece suite comprising tiled shower area, wash hand basin and low-level WC, double glazed window to rear.

Outside - Communal garden area to the rear.

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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