Property Investment 5 Bed Conversion Opportunity , with 5% Yield Ashton-Under-Lyne PHOTO GALLERY PHOTO GALLERY 5 Bed Conversion Opportunity with 5% Yield Area and Postcode – Derby Road, Ashton-Under-Lyne, OL6 6PF Property type – Terrace Bedrooms – 3 bed with a potential to add two additional rooms in the loft for an onward sale or held for profit Tenure - Freehold Is it tenanted – Yes Current value – £190000 Purchase price – £190000 Estimated refurb cost – £20000 Rental income – £2150pa Selling agent Kobby Ofori – Sourced Ashton Property strategy * This property would make a great HMO or Buy to Let with the potential of converting the loft space into 2 extra rooms and selling on or renting out as a 5-bed house Property summary * This is a freehold 3-bed semi-detached property with the potential of an added two bedrooms by converting the loft space ( planning required). All 3 rooms are double bedrooms giving the investor a chance to add their own touch with either an added en-suite or a slight facelift to increase the rental value There's also an opportunity for a kitchen extension to the rear just as completed by adjoining neighbors. The front and rear gardens also make it very suitable for family with kids or outside seating during the summer METRICS ON SALE OF PROPERTY Roce- 66% Roi- 25% Profit- 20% ( £52,100) METRICS ON RENTING PROPERTY Net Monthly Rent - £1,002.50 Net Annual Rent - £ 10,716 Roce- 81% Yield - 5% FLOOR PLAN Property full description * A wonderfully spacious mid quasi semi property, in a popular residential location. Viewings come highly recommended as this property is also suitable for growing families who are looking for extra space both inside and out. Set back away from the road with a grass area to the front, you will find a safe and quiet area perfect for children to play. Internally you will find: a convenient entrance hall leading into the bright spacious lounge which has been replastered and carpeted, kitchen diner suitable for family eating which has also been replastered, three true DOUBLE bedrooms and a modern family bathroom with a separate shower. Externally you will find a front garden and a private enclosed rear garden! Book your viewing today to appreciate the size. The plan * Buy property on a buy to let mortgage and convert the loft space to add 2 more bedrooms and rent as a shared house or sell for profit About the location * Enjoying a convenient location close to Ashton Town Centre with excellent shopping facilities including Ashton Moss retail park, Ladysmith shopping centre and Snipe retail park. A short distance to both the Metrolink and Train station with routes to Manchester and other surrounding areas. Serviced by the M60 motorway network for those needing to commute to other cities and located close to Tameside general hospital and excellent local schooling Market statistics *, The average property price paid according to Zoopla is £220,000 and the average value per this postcode is £157,719 Nearest Stations Ashton-under-Lyne Station-0.6 miles Stalybridge Station-0.7 miles Guide Bridge Station-1.8 miles Sourcing Fee Applies of £3,600 Interested? The next step is to complete the reservation form and provide all necessary ID. 1. Please ask us any questions you may have, about this opportunity. 2. Request the ‘Sourced to Order Agreement ’ and we will email it over to you. 3. Get in touch so we can arrange viewing and subsequently put in an offer to secure this deal . Contact us today 07448622923 Kobby.ofori@sourced.co Sourced hereby give notice that this brochure is produced for the general promotion of the property only and for no other purpose. Receipt of these particulars do not form part of any contract; they are for guidance only. The content relating to the past and/or current performance of an investment and is not necessarily a guide to its performance in the future. The value of investments or income from them may go down as well as up. This is not a regulated investment for the purpose of the U.K.FSMA (2000). Jark-1 Limited t/a Sourced are not regulated by the FCA and are not investment advisers and accept no responsibility for any investment decision a client takes.
