>
2 bedroom end of terrace house for sale
Lakeside Avenue, Ashton-Under-Lyne, Greater Manchester, OL7
£140,000
Lakeside Avenue, Ashton-Under-Lyne, Greater Manchester, OL7
£140,000
Our Summary
- Guide Price £140,000 - £150,000 (Freehold - end-terrace, in need of full refurbishment) Property Layout * Ground Floor: two reception rooms; kitchen; rear out-building * First Floor: two double bedrooms; fully fitted bath/shower room plus separate WC; additional separate WC * Outside: front garden with side access; lawned rear and front garden * Tenure: Freehold - end-terrace offering good value and upside potential Refurbishment & Exit Valuation Estimating a full refurbishment (including kitchen, bathroom, electrics, heating, decoration, flooring, and garden tidy) might cost £20,000-£30,000
- Upon completion, conservative valuation: * Refurbished value: £170,000-£180,000 (some comparables achieving up to £190k) * Post-refurb sale price potential: £180,000 Estimated profit margin: * Purchase: £140,000 * Refurb costs: £20,000 * Total cost: £160,000 * Sale value: £180,000
Description
This property is a freehold, end-terrace house that requires a full refurbishment to reach its full potential. The current layout includes two reception rooms, a kitchen, and three bedrooms, as well as two bathrooms and a separate WC. The property has a front and rear garden, with side access. The estimated cost of a full refurbishment is £20,000-£30,000, which would bring the property's value to £170,000-£180,000. With a potential sale price of £180,000, the estimated profit would be £20,000. However, if the property is sold for £185,000-£190,000, the profit could be as high as £25,000-£30,000.