2 Bed Terraced House, Refurb/BRRR, Ashton-under-Lyne, OL6 9PL, £105,000

Herries Street, Ashton-Under-Lyne, OL6 9PL - 4 views - 2 months ago

Refurb/BRRR
ROI: 5%
~68 m²
+15 photos

ValuationUndervalued

Sold Prices£70K - £165K
Sold Prices/m²£1K/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£108,150
BMV3%

 

 

End Value (After Refurb)

£130,831

Uplift in Value

+25%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£26,250

Stamp Duty & Legal Fees

£6,450

Refurb Costs

£28,876

Bridging Loan Interest

£2,756

Total Cash In

£66,083

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£130,831

Mortgage (After Refinance)

£98,123

Mortgage LTV

75%

Cash Released

£19,373

Cash Left In

£46,709

Equity

£32,708

Rent Range

£750 - £1,400

Rent Estimate

£907

Running Costs/mo

£610

Cashflow/mo

£297

Cashflow/yr

£3,561

ROI

5%

Gross Yield

10%

Local Sold Prices

50 sold prices from £70K to £165K, average is £123K. £1K/m² to £2.4K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£150K11/230.01 mi5, Dixon Street, Ashton-under-lyne, Greater Manchester OL6 9PW2
£70K05/210.04 mi22, Herries Street, Ashton-under-lyne, Greater Manchester OL6 9PL2
£88.5K02/210.08 mi4, Sugden Street, Ashton-under-lyne, Greater Manchester OL6 6PT2
£137.5K11/230.09 mi112, Whiteacre Road, Ashton-under-lyne, Greater Manchester OL6 9PJ2
£121K01/230.09 mi111, Whiteacre Road, Ashton-under-lyne, Greater Manchester OL6 9PJ2
£127K04/240.09 mi109, Whiteacre Road, Ashton-under-lyne, Greater Manchester OL6 9PJ2
£130K07/230.09 mi26, Stanhope Street, Ashton-under-lyne, Greater Manchester OL6 9QZ2
£82K06/210.09 mi32, Leam Street, Ashton-under-lyne, Greater Manchester OL6 9QU2
£115K12/220.09 mi101, Whiteacre Road, Ashton-under-lyne, Greater Manchester OL6 9PJ2
£135K06/230.1 mi26, Russell Street, Ashton-under-lyne, Greater Manchester OL6 9PX2
£110K04/230.1 mi43, Alexandra Street, Ashton-under-lyne, Greater Manchester OL6 9QR2
£93K11/210.1 mi48, Alexandra Street, Ashton-under-lyne, Greater Manchester OL6 9QR2
£110K12/220.1 mi41, Alexandra Street, Ashton-under-lyne, Greater Manchester OL6 9QR2
£95K06/230.1 mi58, Alexandra Street, Ashton-under-lyne, Greater Manchester OL6 9QR2
£120K05/230.1 mi50, Alexandra Street, Ashton-under-lyne, Greater Manchester OL6 9QR2
£98K04/210.11 mi38, Curzon Road, Ashton-under-lyne, Greater Manchester OL6 6PS2
£140K01/240.11 mi40, Curzon Road, Ashton-under-lyne, Greater Manchester OL6 6PS2
£115K11/210.11 mi3, Diamond Street, Ashton-under-lyne, Greater Manchester OL6 9JU2
£115K02/230.12 mi38, Russell Street, Ashton-under-lyne, Greater Manchester OL6 9QS2
£130K07/230.12 mi157, Mossley Road, Ashton-under-lyne, Greater Manchester OL6 6NE2
£98K04/210.12 mi59, Princess Street, Ashton-under-lyne, Greater Manchester OL6 9QH2
£113.5K09/210.12 mi38, Princess Street, Ashton-under-lyne, Greater Manchester OL6 9QH2
£110K11/210.15 mi201, Whiteacre Road, Ashton-under-lyne, Greater Manchester OL6 9PZ2
£140K09/230.16 mi8, Diamond Close, Ashton-under-lyne, Greater Manchester OL6 9JR2
£125K06/210.16 mi25, Ripon Street, Ashton-under-lyne, Greater Manchester OL6 9PQ2
£162K09/230.16 mi49, Ripon Street, Ashton-under-lyne, Greater Manchester OL6 9PQ2
£88.5K04/210.17 mi70, Alexandra Street, Ashton-under-lyne, Greater Manchester OL6 9QP2
£134K03/230.17 mi18, Botany Lane, Ashton-under-lyne, Greater Manchester OL6 9PG2
£132K11/230.17 mi86, Princess Street, Ashton-under-lyne, Greater Manchester OL6 9QJ2
£125K03/210.17 mi227, Curzon Road, Ashton-under-lyne, Greater Manchester OL6 9NB2
£87K12/200.17 mi231, Curzon Road, Ashton-under-lyne, Greater Manchester OL6 9NB2
£132K02/230.2 mi27, Cedar Street, Ashton-under-lyne, Greater Manchester OL6 9LP2
£150K08/230.21 mi15, Cottingham Drive, Ashton-under-lyne, Greater Manchester OL6 9JL2
£138K11/220.21 mi233, Whiteacre Road, Ashton-under-lyne, Greater Manchester OL6 9QB2
£155K12/230.21 mi245, Whiteacre Road, Ashton-under-lyne, Greater Manchester OL6 9QB2
£151K10/230.21 mi241, Whiteacre Road, Ashton-under-lyne, Greater Manchester OL6 9QB2
£100K06/210.22 mi34, Whiteacre Road, Ashton-under-lyne, Greater Manchester OL6 9NS2
£165K06/230.22 mi5, Pot Hill Square, Ashton-under-lyne, Greater Manchester OL6 9JY2
£125K03/230.23 mi98, Princess Street, Ashton-under-lyne, Greater Manchester OL6 9QL2
£137K07/230.23 mi52, Queens Road, Ashton-under-lyne, Greater Manchester OL6 8EJ2
£96K01/210.23 mi42, Queens Road, Ashton-under-lyne, Greater Manchester OL6 8EJ2
£95K11/200.23 mi23, Raynham Street, Ashton-under-lyne, Greater Manchester OL6 9PB2
£135K02/230.23 mi68, Queens Road, Ashton-under-lyne, Greater Manchester OL6 8EJ2
£150K07/230.24 mi138, Princess Street, Ashton-under-lyne, Greater Manchester OL6 9QL2
£137K07/230.24 mi147, Princess Street, Ashton-under-lyne, Greater Manchester OL6 9QL2
£110K02/240.24 mi22, Egerton Street, Ashton-under-lyne, Greater Manchester OL6 9NY2
£147K12/220.24 mi122, Princess Street, Ashton-under-lyne, Greater Manchester OL6 9QL2
£101K12/230.26 mi10, Ashlynne, Ashton-under-lyne, Greater Manchester OL6 6LS2
£105K04/210.26 mi14, Ashlynne, Ashton-under-lyne, Greater Manchester OL6 6LS2
£90K04/240.26 mi10, Beaumont Street, Ashton-under-lyne, Greater Manchester OL6 9NX2

Local Rents

51 rents from £750/mo to £1.4K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£80008/240.08 miCurzon Road, Ashton-Under-Lyne, Greater Manchester, OL62
£75012/230.08 mi-2
£1,10004/250.09 mi-2
£95008/240.1 mi-2
£95007/240.1 miWhiteacre Road, Ashton-Under-Lyne, OL62
£85008/240.12 miRussell Street, Ashton-Under-Lyne2
£87505/240.13 mi-2
£1,10002/250.13 mi-2
£80006/240.14 miLeam Street, Ashton-Under-Lyne2
£77507/240.17 miCurzon Road,Ashton-Under-Lyne,OL62
£98511/240.2 mi-2
£85009/240.21 mi-2
£95007/240.21 miWhiteacre Road, Ashton-Under-Lyne, OL62
£95007/240.23 miQueens Road, Ashton-under-Lyne, Greater Manchester, OL62
£99501/250.24 mi-2
£1,05012/240.26 mi-2
£82506/240.26 mi-2
£84504/250.26 mi-2
£95006/240.26 miHurst Brook Close, Ashton-Under-Lyne, Greater Manchester, OL62
£1,05010/240.26 mi-2
£1,05007/240.26 miWaterloo Street, Ashton-Under-Lyne, OL62
£80008/240.27 miPrincess Street, Ashton-Under-Lyne2
£89506/240.29 miKings Road, Ashton-under-Lyne, Greater Manchester, OL62
£80008/240.29 miHarper Mill Mossley Road, Ashton-Under-Lyne, Lancashire, OL62
£80007/240.29 miHarper Mill, Ashton-under-Lyne2
£79506/240.31 mi-2
£79506/240.31 miMossley Road, Ashton Under Lyne, OL62
£90003/250.31 mi-2
£85009/240.31 miQueen Street, Ashton-under-Lyne2
£97511/240.32 mi-2
£90008/240.32 miKings Road, Ashton-under-Lyne, Greater Manchester, OL62
£90009/240.32 miKings Road, Ashton-under-Lyne, Greater Manchester, OL62
£95008/240.32 miOrmonde Street, Ashton-under-Lyne, Greater Manchester, OL62
£90008/240.32 mi-2
£90008/240.32 mi-2
£85008/240.33 miMillside, Mossley Road, Ashton Under Lyne, Lancashire, OL62
£85008/240.33 miMillside, Mossley Road, Ashton Under Lyne, Lancashire, OL62
£75005/240.33 mi-2
£85006/240.33 miMossley Road, Ashton-Under-Lyne, OL62
£99509/240.37 miHilton Crescent, Ashton-Under-Lyne, OL62
£99509/240.37 mi-2
£80006/240.38 mi-2
£1,25003/250.39 mi-2
£80009/240.39 miLower Carrs, Ashton-Under-Lyne, Lancashire, OL62
£85012/240.4 mi-2
£1,40005/240.41 mi-2
£1,40005/240.41 mi-2
£90006/240.41 mi-2
£90006/240.41 mi-2
£90008/240.44 miGranville Street, Ashton-Under-Lyne, Lancashire, OL62
£85009/240.44 miGranville Street, Ashton-Under-Lyne, Lancashire, OL62

Local Area Statistics

Population in OL6

28,677

Population in Ashton-under-Lyne

45,510

Town centre distance

0.60 miles away

Nearest school

0.10 miles away

Nearest train station

0.55 miles away

 

 

Rental growth (12m)

+23%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £105,000

March 12, 2025

Description

  • TWO BEDROOMS +
  • NO ONWARD CHAIN +
  • IN NEED OF MODERNISATION +
  • DINING/KITCHEN +
  • ENCLOSED COURTYARD GARDEN +
  • CLOSE TO TAMESIDE HOSPITAL +
  • WITHIN WALKING DISTANCE TO ASHTON TOWN CENTRE AND TRANSPORT LINKS +

Welcome to this 2-bedroom mid-terraced house that's just waiting to be transformed into your dream home. Perfect for first-time buyers or savvy investors, this property comes with a promise of endless possibilities and a blank canvas for you to add your personal touch.

Let's kick things off with the bedrooms - not just one, but two cosy bedrooms that offer a retreat from the hustle and bustle of the world outside. And guess what? There's no onward chain, making the process of making this house your home even smoother.

Sure, it might need a bit of love and attention, but that's where the magic happens. Get your creative juices flowing and bring this house back to life with a modern touch. The dining/kitchen area is the heart of the home, where you can whip up your favourite dishes while entertaining guests or simply enjoying a quiet meal.

Step outside to the enclosed courtyard garden, a hidden oasis where you can soak up some sun.

Convenience is key, and this property has it in spades. Located close to Tameside Hospital, you're just a stone's throw away from essential services. Plus, the proximity to Ashton Town Centre and transport links means that everything you need is within easy reach. Whether you're in the mood for some shopping, dining out, or exploring the area, you won't have to travel far.

So if you're looking for a property that offers great potential, a fantastic location, and the opportunity to make it your own, look no further. This 2-bedroom mid-terraced house is a hidden gem waiting to be uncovered. Don't miss out on this opportunity to turn this house into your dream home – schedule a viewing today and let your imagination run wild!
EPC Rating: D

Agent Details

Alex Jones Estate Agents, Ashton Under Lyne

0161 524 5121

Next Steps?

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