Potential 4-Bed HMO, Rochdale, OL16 4PG, £260,000

Carbrook House, 33 & 35 Broad Lane, Rochdale OL16 4PG - 10 views - a year ago

HMO
Cash
Refurb/BRRR
~291 m²
+13 photos

ValuationFair Value

Sold Prices£105K - £440K
Sold Prices/m²£1.2K/m² - £3.9K/m²

 

 

Square Metres

~291.34 m²
Price/m²£892/m²

Value Estimate

£262,600

 

 

End Value (After Refurb)

£537,423

Uplift in Value

+107%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£122,801

Bridging Loan Interest

£6,825

Total Cash In

£211,076

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£537,423

Agent Fees (1%)

£5,374

Bridging Loan

£195,000

Bridging Loan Interest

£6,825

Flip Profit

£125,973

Local Sold Prices

50 sold prices from £105K to £440K, average is £190.5K. £1.2K/m² to £3.9K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£148K04/210.07 mi12, Cleveleys Avenue, Rochdale, Greater Manchester OL16 4PD3
£200K12/230.12 mi35, Charlotte Street, Rochdale, Greater Manchester OL16 4TJ3
£174.5K11/220.12 mi20, Buersil Avenue, Rochdale, Greater Manchester OL16 4TP3
£235K02/230.12 mi5, Crompton Avenue, Rochdale, Greater Manchester OL16 4PB3
£196.5K02/230.13 mi29, Charlotte Street, Rochdale, Greater Manchester OL16 4TJ3
£195K05/230.14 mi18, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TZ3
£165K12/230.15 mi39, Weston Avenue, Rochdale, Greater Manchester OL16 4PW3
£163K02/210.19 mi119, Broad Lane, Rochdale, Greater Manchester OL16 4PP3
£205K09/230.19 mi4, Weston Avenue, Rochdale, Greater Manchester OL16 4TS3
£160K07/230.2 mi9, Stiups Lane, Rochdale, Greater Manchester OL16 4XR3
£161.8K08/210.2 mi6, Fraser Street, Rochdale, Greater Manchester OL16 4UA3
£200K04/210.21 mi1, Seymour Grove, Rochdale, Greater Manchester OL16 4RB3
£146K12/230.23 mi294, Oldham Road, Rochdale, Greater Manchester OL11 2EZ3
£135K11/230.23 mi292, Oldham Road, Rochdale, Greater Manchester OL11 2EZ3
£216K06/230.24 mi38, Buersil Avenue, Rochdale, Greater Manchester OL16 4TR3
£170K07/210.24 mi63, Buersil Avenue, Rochdale, Greater Manchester OL16 4TR3
£155K12/200.24 mi65, Buersil Avenue, Rochdale, Greater Manchester OL16 4TR3
£191K10/230.24 mi42, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TY3
£135K03/210.24 mi30, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TY3
£166K10/230.24 mi17, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TY3
£225K03/230.25 mi20, Ryelands Close, Rochdale, Greater Manchester OL16 4UE3
£190K02/230.25 mi89, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TY3
£180K06/240.25 mi53, Clarendon Street, Rochdale, Greater Manchester OL16 4UB3
£220K01/230.25 mi64, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TY3
£105K07/230.26 mi57, Queen Victoria Street, Rochdale, Greater Manchester OL11 2HF3
£147.5K02/210.26 mi4, Gisburn Drive, Rochdale, Greater Manchester OL11 2DE3
£440K12/200.26 mi15, Blackchapel Drive, Rochdale, Greater Manchester OL16 4QU3
£341K10/230.26 mi12, Blackchapel Drive, Rochdale, Greater Manchester OL16 4QU3
£190K11/220.27 mi62, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TY3
£252K06/210.27 mi4, Meadowfield, Rochdale, Greater Manchester OL16 4QW3
£160K09/230.28 mi34, Melbourne Close, Rochdale, Greater Manchester OL11 2EJ3
£154.5K05/210.28 mi68, Melbourne Close, Rochdale, Greater Manchester OL11 2EJ3
£182K04/210.28 mi28, Craiglands, Rochdale, Greater Manchester OL16 4RA3
£228K08/230.28 mi12, Berkeley Drive, Rochdale, Greater Manchester OL16 4UF3
£259.9K03/240.31 mi41, Craiglands, Rochdale, Greater Manchester OL16 4RD3
£205K02/210.31 mi37, Craiglands, Rochdale, Greater Manchester OL16 4RD3
£205K03/210.31 mi61, Craiglands, Rochdale, Greater Manchester OL16 4RD3
£295K01/210.32 mi2, Badger Close, Rochdale, Greater Manchester OL16 4QR3
£245K04/230.33 mi26, Charter Street, Rochdale, Greater Manchester OL16 4UD3
£342.5K09/230.36 mi28, Hurst Meadow, Rochdale, Greater Manchester OL16 4QP3
£173K04/230.36 mi6, Carpenters Way, Rochdale, Greater Manchester OL16 4XU3
£184K05/210.36 mi1, Carpenters Way, Rochdale, Greater Manchester OL16 4XU3
£200K10/230.36 mi5, Carpenters Way, Rochdale, Greater Manchester OL16 4XU3
£170K03/210.38 mi22, Gilbrook Way, Rochdale, Greater Manchester OL16 4RT3
£217K02/210.38 mi2, Gilbrook Way, Rochdale, Greater Manchester OL16 4RT3
£190K06/230.39 mi12, St Marys Close, Rochdale, Greater Manchester OL16 4XT3
£190K06/240.4 mi66, Turf Hill Road, Rochdale, Greater Manchester OL16 4XG3
£195K02/240.4 mi43, Turf Hill Road, Rochdale, Greater Manchester OL16 4XG3
£203K06/230.4 mi82, Kingsway, Rochdale, Greater Manchester OL16 4UU3
£210.5K01/230.41 mi2, St Marys Close, Rochdale, Greater Manchester OL16 4XT3

Local Area Statistics

Population in OL16

37,246

Population in Rochdale

128,851

Town centre distance

1.91 miles away

Nearest school

0.10 miles away

Nearest train station

0.89 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £260,000

December 8, 2023

Floor Plans

Description

  • DOUBLE FRONTED WEAVERS COTTAGE +
  • THREE BEDROOM (POTENTIAL FOR 5-7) +
  • POSSIBLE HMO OPPORTUNITY +
  • IN NEED OF FULL RENOVATION +
  • PARKING TO THE FRONT AND SIDE +
  • REAR GARDEN +

BARTON KENDAL are pleased to offer a unique opportunity to purchase this large GRADE II LISTED three bedroom double fronted weavers cottage set across three floors and situated in the popular residential area of Buersil. Whilst in need of full refurbishment, this spacious property could be transformed to create a stunning family home.

Previously two separate dwellings, the property briefly comprises internally of two large receptions rooms with open plan aspect. To the rear, there are two separate kitchen areas again with open plan access along with a WC. There are separate staircases on both sides of the house. On the first floor, there are two large double bedrooms, an open plan en-suite with dressing area, a single bathroom and family bathroom. Please note there is no access across the two sides of the property on the first floor. The second floor comprises of a vast open space with charming beams, and weavers windows allowing for lots of natural light. The space could be utilised as a secondary living space or for the addition of further bedrooms.

Externally, the property benefits from a good sized garden to the rear. There is also a sizeable portion of land to the side of the property which is fenced off and contains a gated parking space and additional garden space. Whilst we are advised that the current owners have enjoyed use of this for several decades, it is not part of the title plan and enquiries are ongoing at the time of listing.

IDEAL 'CASH BUYER' PURCHASE

Agent Details

Barton Kendal Residential, Rochdale

01706 335900

Next Steps?

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