4 Bed Detached House, Refurb/BRRR, Ashbourne, DE6 5HQ, £285,000

Hollow Lane, Draycott-in-the-Clay, Ashbourne, DE6 5HQ - 2 views - a month ago

Refurb/BRRR
ROI: 1%
~129 m²
+10 photos

ValuationFair Value

Sold Prices£225K - £827.5K
Sold Prices/m²£2K/m² - £3.3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.2K/m²

Value Estimate

£290,700

 

 

End Value (After Refurb)

£355,744

Uplift in Value

+25%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£17,200

Refurb Costs

£52,378

Bridging Loan Interest

£7,481

Total Cash In

£150,059

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£355,744

Mortgage (After Refinance)

£266,808

Mortgage LTV

75%

Cash Released

£53,058

Cash Left In

£97,001

Equity

£88,936

Rent Range

£720 - £2,750

Rent Estimate

£1,623

Running Costs/mo

£1,456

Cashflow/mo

£167

Cashflow/yr

£2,000

ROI

1%

Gross Yield

7%

Local Sold Prices

16 sold prices from £225K to £827.5K, average is £377.5K. £2K/m² to £3.3K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£260K01/210.02 mi12, Gypsum Way, Draycott In The Clay, Ashbourne, Staffordshire DE6 5HF4
£375K06/210.05 mi2, Swan Road, Draycott In The Clay, Ashbourne, Staffordshire DE6 5GW4
£375K06/210.05 mi2, Swan Road, Draycott In The Clay, Ashbourne, Staffordshire DE6 5GW4
£380K11/210.05 mi2, Swan Road, Draycott In The Clay, Ashbourne, Staffordshire DE6 5GW4
£225K04/230.07 mi1, New Row, Draycott In The Clay, Ashbourne, Staffordshire DE6 5GZ4
£590K04/230.38 miYew Tree Cottage, Tobys Hill, Draycott In The Clay, Ashbourne, Staffordshire DE6 5BT4
£827.5K12/220.63 mi68, Stubby Lane, Draycott In The Clay, Ashbourne, Staffordshire DE6 5BU4
£550K07/231.01 miSt. Werburghs House, Wood Lane, Hanbury, Burton-on-trent, Staffordshire DE13 8TG4
£375K09/231.95 mi16, Jacks Lane, Marchington, Uttoxeter, Staffordshire ST14 8LW4
£361.5K09/231.95 mi38, Jacks Lane, Marchington, Uttoxeter, Staffordshire ST14 8LW4
£345K11/201.95 mi32, Jacks Lane, Marchington, Uttoxeter, Staffordshire ST14 8LW4
£467.5K06/211.97 miEast View, The Grange, High Street, Marchington, Uttoxeter, Staffordshire ST14 8LD4
£360K06/212.02 mi32, Woodland Views, Marchington, Uttoxeter, Staffordshire ST14 8NF4
£400K02/212.24 mi18, Windmill Drive, Marchington, Uttoxeter, Staffordshire ST14 8JP4
£535K04/212.46 mi10, Squirrels Corner, Newborough, Burton-on-trent, Staffordshire DE13 8SA4
£490K09/232.49 miElwood P Dowd, Leathersley Lane, Scropton, Derby, Derbyshire DE65 5PN4

Local Rents

3 rents from £720/mo to £2.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40012/240.16 miPipehay Lane, Draycott-in-the-Clay3
£72002/252.25 mi-2
£2,75012/242.31 miRiverside Farm, Brook Lane, Scropton DE65 5PN6

Local Area Statistics

Population in DE6

25,599

Town centre distance

11.20 miles away

Nearest school

0.20 miles away

Nearest train station

3.69 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+194%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Listed for £285,000

March 6, 2025

Floor Plans

Description

  • Guide Price £300,000 - £285,000 +
  • Four Bedroom Detached House +
  • Opportunity for Refurbishment & Modernisation +
  • Two Spacious Reception Rooms +
  • Well-Appointed Kitchen with Integral Oven, Hob & Extractor +
  • Bathroom & Cloakroom WC +
  • Front & Rear Lawned Gardens with Patio to Rear +
  • Driveway Parking & Integral Garage +
  • Ideal for First Time Buyers & Investors +
  • Close to Amenities, Good Schools & Both Road/Public Transport Links +

A four bedroom detached property providing spacious accommodation throughout and providing great potential for comprehensive refurbishment and modernisation, making it ideal for first time buyers and investors. The property benefits from both front and rear gardens, driveway parking and a garage, and is well-located for local shops, amenities, schools and road/transport links. Internally the property comprises an entrance hall with stairs to the first floor and a storage cupboard, a cloakroom WC, two generously sized reception rooms including a front facing dining room and a large rear facing living room with a sliding patio door, and a well-appointed kitchen featuring modern high gloss wall and base units with complementing wood effect worktops, stylish tiling, a 1.5 stainless steel sink basin, integrated appliances and a door to the rear garden. To the first floor there is a landing with an airing cupboard, a storage cupboard and a loft hatch, four well-proportioned bedrooms three of which are double sized and two with built-in wardrobes, and a bathroom suite with a shower over the bath. Externally the property benefits from a lawned garden to the front, a sheltered entrance porch and a driveway providing ample parking space and giving access to a single sized integral garage with an up and over door, and to the rear is a spacious lawned garden with a stone paved patio, plant beds and wooden fencing to the perimeter. ADDITIONAL INFORMATION: Council Tax Band: D Local Authority: East Staffordshire Early viewing is highly recommended due to the property being realistically priced. Disclaimer: These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property. TENURE To be confirmed by the Vendor’s Solicitors POSSESSION Vacant possession upon completion VIEWING Viewing strictly by appointment through The Express Estate Agency

Agent Details

Express Estate Agency, Nationwide

03330 165458

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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