59, Mayfield Road, Ashbourne, Derbyshire, DE6 1AS

Description

End terraced two-bedroom villa set back from the road, close to the town centre of Ashbourne, known as the gateway to the Peak District National Park. A traditional layout comprises two reception rooms, kitchen, and to the first floor a bathroom, two bedrooms, and access to an attic room with window overlooking the rear garden. Access can be gained into Ashbourne with its range of amenities including local and national shopping, sports centre including swimming pool, schooling, doctors and dentists to name but a few. Close to hand can be found the Historic stone-built church along with access to the A52 linking Derby and Uttoxeter. Great scope for the incoming purchaser to put their own stamp on it.

Accommodation

Ground Floor: Lounge, dining room, kitchen. First Floor: Landing, two bedrooms, bathroom/w.c. Second floor: Attic room. External: Front and rear gardens.

Location

Close to Ashbourne town centre. Ashbourne is known as the gateway to the Peak District National Park. Access to the A52 linking Derby and Uttoxeter. Nearby amenities include shopping, sports centre including swimming pool, schooling, doctors and dentists, and a historic stone-built church.

Tenure / Property Information

Investment Analysis

The five supplied completed sales on Mayfield Road range from £140,000 to £197,000, with an average of £172,400. The three most recent sales average £192,333, but the evidence does not provide their bedroom count, size, condition or specification. A base GDV of £172,400 is therefore indicative only, with a low/high evidence range of £140,000–£197,000. The subject’s stated scope to put its own stamp on it may imply updating is required, but no specific defects or works costs are supplied.

Investment Snapshot

Strategy Recommendation

Potentially attractive for a value-add purchase at or near the guide, but proceed only after confirming condition, parking, heating, special conditions, works costs and achievable rent. The BTL case is promising on guide price; flip and BRRR outcomes remain highly cost-sensitive.

Works Required

No specific defects are evidenced. Allow for inspection-led decoration, repairs or modernisation only where required, together with any necessary safety, compliance or EPC works identified by contractors. No reliable works budget can be established from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the indicative base GDV of £172,400, 75% refinancing would be £129,300. The guide plus the known £1,800 buyer/admin charge is £101,800 before works and any seller fees, but total project cost and cash left in cannot be calculated because works costs and possible completion fees are unsupported. Refinance is also subject to lender valuation and eligibility.

Buy-to-Let Analysis

The only rental evidence is an advertised asking rent of £840 pcm, equivalent to £10,080 annually. Against the £100,000 guide, this indicates a 10.08% gross yield before works, finance, management, maintenance, voids, taxation and other costs. A true yield on total project cost cannot be established because refurbishment costs and any seller fees are unknown. The rent is advertised, not an achieved passing rent.

Flip Analysis

The comparable evidence indicates a broad gross resale value range of £140,000–£197,000, with an indicative base of £172,400. However, refurbishment costs, selling costs and possible seller fees are not supplied, so a reliable flip surplus or maximum bid cannot be calculated.

Investor Risks & Due Diligence

• Comparable sales do not state bedroom count, size, condition or specification, limiting GDV reliability.

• No inspection-based refurbishment budget is available despite the stated scope to put the purchaser’s own stamp on the property.

• The £840 pcm figure is an advertised asking rent rather than achieved or passing rent.

• Seller fees may be payable under the Special Conditions of Sale but are not supplied.

• Parking and heating information require confirmation from the auction centre.

• Refinance depends on lender valuation, underwriting and the property’s condition and eligibility.

Recommendation

Potentially attractive for a value-add purchase at or near the guide, but proceed only after confirming condition, parking, heating, special conditions, works costs and achievable rent. The BTL case is promising on guide price; flip and BRRR outcomes remain highly cost-sensitive.

Strategy Rating

Analysis Confidence

There are five nearby completed sales, one advertised rental and a known admin charge, but comparable property details, condition, refurbishment costs, parking/heating information, seller fees and achieved rent are unavailable.