2 Bed Bungalow, Cash/Bridging Only, Mossley, OL5 9LE, £235,000

Richmond Close, Mossley, OL5 9LE - a month ago

Cash
~85 m²
+8 photos

ValuationOvervalued

Sold Prices£57.6K - £290K
Sold Prices/m²£1.2K/m² - £3.9K/m²

 

 

Square Metres

~85.10 m²
Price/m²£2.8K/m²

Value Estimate

£190,636

 

 

End Value (After Refurb)

£232,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£12,950

Refurb Costs

£35,984

Bridging Loan Interest

£6,169

Total Cash In

£115,602

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£232,000

Mortgage (After Refinance)

£174,000

Mortgage LTV

75%

Cash Left In

£115,602

Equity

£58,000

Rent Range

£550 - £850

Rent Estimate

£780

Running Costs/mo

£901

Cashflow/mo

£-121

Cashflow/yr

£-1,452

Gross Yield

4%

Local Sold Prices

50 sold prices from £57.6K to £290K, average is £150.8K. £1.2K/m² to £3.9K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£210K06/220.06 mi10, Richmond Crescent, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LQ2
£142K06/210.17 mi11, Andrews Buildings, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JH2
£112K05/210.19 mi59, Micklehurst Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JF2
£140K03/210.19 mi49, Micklehurst Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JF2
£140K02/210.19 mi37, Micklehurst Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9JF2
£117K10/200.19 mi57, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PE2
£225K10/220.19 mi11, Marle Rise, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LJ2
£129K12/200.21 mi14, Tabley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PD2
£160K05/230.21 mi10, Tabley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PD2
£272.5K09/220.22 mi99, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PL2
£160K02/230.22 mi10, Derby Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NU2
£80K07/210.22 mi35, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£176K02/230.23 mi32, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£147K01/240.23 mi28, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£125K10/200.24 mi28, Denbigh Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PB2
£175K05/230.24 mi24, Denbigh Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PB2
£150K09/230.25 mi11, Cemetery Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PQ2
£144K12/200.25 mi21, Brunswick Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NX2
£151.5K07/210.25 mi49, Brunswick Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NX2
£140K01/210.25 mi47, Brunswick Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NX2
£57.6K02/230.29 mi33, Staley Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NT2
£178.8K07/230.29 mi26, Queensway, Mossley, Ashton-under-lyne, Greater Manchester OL5 9PA2
£127K06/220.29 mi62, Winterford Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9EQ2
£160K03/210.3 mi32, King Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9HX2
£145K06/210.3 mi26, King Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9HX2
£240K07/220.31 mi37, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£170K11/200.31 mi8, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£232K12/220.32 mi26, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£235K11/220.32 mi8, The Spindles, Mossley, Ashton-under-lyne, Greater Manchester OL5 9SA2
£156.5K04/240.33 mi51, Cheshire Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NW2
£175K12/230.39 mi5, Audley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NQ2
£144K01/210.4 mi5, Audley Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NQ2
£165K07/230.4 mi16, The Uplands, Mossley, Ashton-under-lyne, Greater Manchester OL5 9EZ2
£165K08/230.45 mi71, Station Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9EB2
£130K04/210.45 mi55, Station Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9EB2
£148.5K02/210.52 mi72, Bury Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9HN2
£125K08/230.53 mi53, Egmont Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NB2
£142K03/240.53 mi27, Egmont Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9NB2
£146K05/210.53 mi2, Stanhope Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LX2
£152K08/230.53 mi16, Stanhope Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LX2
£180K05/210.54 mi3a, Moorgate Road, Carrbrook, Stalybridge, Greater Manchester SK15 3NF2
£167.5K05/210.54 mi121, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AA2
£127.5K11/200.55 mi1, Bury Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 9ND2
£202K03/230.55 mi101, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LU2
£175K02/230.56 mi71, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LZ2
£145K02/240.56 mi55, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LZ2
£182K02/240.56 mi67, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LZ2
£90K04/210.56 mi51, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9LZ2
£290K11/220.6 mi5, Carr Rise, Carrbrook, Stalybridge, Greater Manchester SK15 3NY2
£145K02/210.6 mi34, Highfield Drive, Mossley, Ashton-under-lyne, Greater Manchester OL5 0DW2

Local Rents

17 rents from £550/mo to £850/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£75006/240.21 mi-2
£55010/240.21 mi-2
£75006/240.21 mi-2
£85002/250.21 mi-2
£75006/240.22 mi-2
£82511/230.23 mi-2
£72512/230.23 mi-2
£79511/240.23 mi-2
£69507/240.34 mi-2
£79512/230.38 mi-2
£79512/230.38 mi-2
£85008/240.48 miWaggon Road, Mossley, Ashton-Under-Lyne, OL52
£85006/240.49 miWaggon Road, Ashton-under-lyne, OL52
£80011/230.5 mi-2
£82501/250.5 mi-2
£79502/240.53 mi-2
£80006/240.54 miBorder Mill Fold, Mossley, Ashton-under-Lyne, Greater Manchester, OL52

Local Area Statistics

Population in OL5

10,957

Town centre distance

0.57 miles away

Nearest school

0.20 miles away

Nearest train station

0.61 miles away

 

 

Rental growth (12m)

+49%

Sales demand

Balanced market

Capital growth (5yrs)

+44%

Property History

Listed for £235,000

March 7, 2025

Floor Plans

Description

  • Three Bedrooms +
  • Semi Detached Dormer Bungalow +
  • Two Reception Rooms +
  • Stunning Views +
  • Gardens To Front, Side & Rear +
  • Viewing Essential! +

This three-bedroom semi-detached dormer bungalow is offered for sale with no vendor chain, making it an ideal opportunity for those looking for a smooth and hassle-free move. Situated in the highly sought-after area of Mossley, this property benefits from close proximity to a range of local amenities, well-regarded schools, and scenic riverside and countryside walks, perfect for those who enjoy outdoor pursuits.

Upon entering, you are welcomed into an entrance vestibule leading into the hallway. The lounge is open-plan to the dining room, creating a light and airy living space that is perfect for both relaxing and entertaining. The kitchen offers ample storage and workspace, while the ground floor also benefits from a bathroom and a double bedroom, providing flexible living arrangements.

The first floor features two further well-proportioned bedrooms, with both bedrooms boasting stunning views, offering a picturesque and peaceful outlook.

Externally, the property boasts enclosed gardens to the front, side, and rear, offering privacy and outdoor space to enjoy throughout the year. The front garden is mainly laid to lawn, while the side garden is gravelled for easy maintenance. The rear garden is a fantastic space with a combination of gravel, a lawned area, and a raised patio that extends down the side of the property, providing the perfect spot for outdoor dining or relaxation.

This wonderful home offers a fantastic opportunity for a range of buyers, from families to those looking to downsize, all while enjoying the benefits of a highly desirable location. Viewing Highly Recommended

Ground Floor -

Entrance Vestibule - Door to side, door leading to:

Hall - Radiator, doors leading to:

Lounge - 4.43m x 3.58m (14'6" x 11'9") - Double glazed window to front, feature fireplace with inset living flame effect fire, radiator, open plan to:

Dining Room - 3.78m x 3.58m (12'5" x 11'9") - Double glazed window to rear, radiator.

Kitchen - 2.75m x 2.74m (9'0" x 9'0") - Fitted with a matching range of base and eye level units, inset sink and drainer with mixer tap, tiled splashbacks, plumbing for washing machine, space for fridge/freezer, built-in oven, built-in hob with extractor hood over, double glazed window to rear, door leading out to side leading out to rear garden.

Bedroom 1 - 3.56m x 2.74m (11'8" x 9'0") - Double glazed window to front, radiator.

Bathroom - 1.93m x 1.78m (6'4" x 5'10") - Three piece suite comprising panelled bath with shower over, vanity wash hand basin and low-level WC, tiled walls, double glazed window to side, heated towel rail.

First Floor -

Landing - Doors leading to:

Bedroom 2 - 4.47m x 3.20m (14'8" x 10'6") - Double glazed window to front, radiator.

Bedroom 3 - 3.26m x 2.74m (10'8" x 9'0") - Double glazed window to side, radiator, door to eaves storage.

Outside - Enclosed lawned garden to the front. Gravelled garden to the side. Enclosed garden to the rear with lawn area and raised patio area.

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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