2 Bed Terraced House, Cash/Bridging Only, Mossley, OL5 9BW, £185,000

Claybank Terrace, Mossley, OL5 9BW - 2 views - 3 months ago

Cash
ROI: 1%
~68 m²
+2 photos

ValuationOvervalued

Sold Prices£105K - £315K
Sold Prices/m²£1.1K/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.7K/m²

Value Estimate

£161,979

 

 

End Value (After Refurb)

£210,035

Uplift in Value

+14%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Refurb Costs

£28,800

Bridging Loan Interest

£4,856

Total Cash In

£88,406

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£210,035

Mortgage (After Refinance)

£157,526

Mortgage LTV

75%

Cash Released

£18,776

Cash Left In

£69,630

Equity

£52,509

Rent Range

£795 - £1,200

Rent Estimate

£928

Running Costs/mo

£862

Cashflow/mo

£66

Cashflow/yr

£793

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £105K to £315K, average is £156.8K. £1.1K/m² to £3.9K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£169.5K11/210.01 mi14, Shadows Lane, Mossley, Ashton-under-lyne, Greater Manchester OL5 9BS2
£105K12/210.01 mi11, Claybank Terrace, Mossley, Ashton-under-lyne, Greater Manchester OL5 9BW2
£315K02/230.11 mi3, Dysarts Close, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DD2
£240K12/200.15 mi4, Wharmton View, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DY2
£198.5K02/210.15 mi6, Wharmton View, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DY2
£154K11/210.19 mi4, Hopkins Buildings, Mossley, Ashton-under-lyne, Greater Manchester OL5 9BE2
£165K12/220.24 mi10, Tame Valley Close, Mossley, Ashton-under-lyne, Greater Manchester OL5 9HD2
£200K01/220.24 mi12, Quick View, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DU2
£120K03/210.26 mi407, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9BG2
£251K03/230.28 mi30, Lower Hey Lane, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DE2
£220K03/210.37 mi28, Dacres Road, Greenfield, Oldham, Greater Manchester OL3 7HR2
£170K03/210.42 mi96, Mossley Road, Grasscroft, Oldham, Greater Manchester OL4 4HA2
£116K11/200.49 mi233, Stockport Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0RQ2
£160K12/220.51 mi11, Roman Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 0RX2
£156.5K10/230.51 mi5, Roman Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 0RX2
£130K02/230.52 mi4, West Cottages, Greenfield, Oldham, Greater Manchester OL3 7LG2
£172K01/240.53 mi126, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AY2
£187K11/220.53 mi341, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AY2
£135K08/210.53 mi110, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AY2
£136K05/230.53 mi90, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AY2
£145K08/210.55 mi99, Carrhill Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0SA2
£177.5K09/210.55 mi103, Carrhill Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0SA2
£145K05/210.55 mi83, Carrhill Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0SA2
£155K05/210.55 mi109, Carrhill Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0SA2
£117K03/230.59 mi3, Higher Newtons, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AZ2
£232K02/240.59 mi17, Shaw Hall Close, Greenfield, Oldham, Greater Manchester OL3 7PG2
£163K10/230.59 mi108, Stockport Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0RF2
£140K09/230.59 mi217, Stockport Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0RF2
£125K01/230.59 mi225, Stockport Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0RF2
£145K12/230.59 mi84, Stockport Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0RF2
£110K03/210.59 mi84, Stockport Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0RF2
£125K01/210.59 mi90, Stockport Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0RF2
£157K04/230.59 mi195, Stockport Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0RF2
£112.5K06/210.59 mi94, Stockport Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0RF2
£135K04/230.59 mi191, Stockport Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0RF2
£145K07/230.59 mi96, Stockport Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0RF2
£145K01/230.6 mi13, Mossley Road, Grasscroft, Oldham, Greater Manchester OL4 4HH2
£180K11/220.61 mi325, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AY2
£315K05/210.62 mi52, Clough Lane, Grasscroft, Oldham, Greater Manchester OL4 4ER2
£145K11/200.64 mi22, Shaw Hall Bank Road, Greenfield, Oldham, Greater Manchester OL3 7LD2
£217.5K10/230.64 mi6, Shaw Hall Bank Road, Greenfield, Oldham, Greater Manchester OL3 7LD2
£205.5K05/210.66 mi2, St Johns Gardens, Mossley, Ashton-under-lyne, Greater Manchester OL5 0SS2
£135K01/210.67 mi163, Stockport Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0RD2
£170K06/210.67 mi72, Stockport Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0RD2
£145K10/230.67 mi76, Stockport Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0RD2
£120K04/210.67 mi147a, Stockport Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0RD2
£290K11/220.67 mi153, Manchester Road, Greenfield, Oldham, Greater Manchester OL3 7HJ2
£270K12/200.67 mi1, Beechfield, Grasscroft, Oldham, Greater Manchester OL4 4EN2
£160K11/200.68 mi23, Gladstone Terrace Road, Greenfield, Oldham, Greater Manchester OL3 7HF2
£225K07/230.69 mi125, Manchester Road, Greenfield, Oldham, Greater Manchester OL3 7HH2

Local Rents

12 rents from £795/mo to £1.2K/mo, average is £898/mo.

RentDateDistanceAddressBeds 
£85006/240.1 miWaters Reach, Mossley, OL52
£1,20008/240.13 miWharmton View, Mossley2
£95004/250.17 mi-2
£79508/240.17 miSpring Mill Drive,2
£1,20001/250.18 mi-2
£82503/240.23 miTame Valley Close,Mossley,OL52
£80008/240.52 miSaxon Street, Mossley2
£95011/240.61 mi-2
£90011/240.61 mi-2
£89011/240.61 mi-2
£89501/250.61 mi-2
£90012/240.62 miClough Lane, OL42

Local Area Statistics

Population in OL5

10,957

Town centre distance

1.04 miles away

Nearest school

0.30 miles away

Nearest train station

0.84 miles away

 

 

Rental growth (12m)

+49%

Sales demand

Balanced market

Capital growth (5yrs)

+44%

Property History

Listed for £185,000

January 21, 2025

Floor Plans

Description

  • No Chain +
  • Recently Renovated +
  • Two Bedrooms +
  • Newly Fitted Kitchen & Bathroom +
  • Off Road Parking +
  • Viewing Essential! +

This recently renovated two-bedroom end-terrace property, offered with no vendor chain is a stylish and modern home. It provides a perfect opportunity for first-time buyers or those looking for a move-in-ready home.

Ideally situated on the sought-after Mossley and Greenfield border, the property benefits from its close proximity to stunning surrounding countryside, perfect for scenic walks and outdoor activities. It is also conveniently located near reputable schools, a variety of local amenities, and excellent transport links, ensuring connectivity to nearby towns and cities.

The interior of the property features a welcoming entrance vestibule, leading to a spacious lounge complete with a built-in modern electric fire, creating a cosy yet sophisticated living space. The newly fitted kitchen/diner on the ground floor is both stylish and functional, ideal for modern living and entertaining.
Upstairs, you will find two bedrooms, offering ample space and comfort, along with a newly fitted bathroom that boasts sleek finishes and quality fixtures.

Externally, the property includes a low-maintenance rear yard and a private driveway to the side, providing ample off-road parking—a rare and valuable feature in this area.

Combining modern design with a prime location, this home offers the best of both convenience and tranquility, making it an excellent choice for those looking to settle in a desirable area. This property is truly not to be missed!

Ground Floor -

Entrance Vestibule - Door to front, door leading to:

Lounge - 4.12m x 3.70m (13'6" x 12'2") - Double glazed bay window to front, double glazed window to side, built-in electric fire, door leading to:

Kitchen/Diner - 3.47m x 3.93m (11'5" x 12'11") - 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, stairs leading to first floor, door leading out to rear.

First Floor -

Landing - Doors leading to:

Bedroom 1 - 4.04m x 3.89m (13'3" x 12'9") - Double glazed window to front, radiator.

Bedroom 2 - 3.47m x 2.00m (11'5" x 6'7") - Double glazed window to rear, radiator.

Bathroom - 1.63m x 1.83m (5'4" x 6'0") - Three piece suite comprising panelled bath with shower over, vanity wash hand basin and low-level WC, part tiled walls, double glazed window to rear, radiator.

Outside - Yard area to the rear. Driveway to the side providing ample off road parking.

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.

-

Agent Details

Home Estate Agents Ltd, Stalybridge

0161 524 4847

Next Steps?

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