3 Bed Semi-Detached House, Refurb/BRRR, Rochdale, OL11 2LL, £145,000

Darlington Road, Rochdale, OL11 2LL - 4 views - a year ago

Sold STC
Refurb/BRRR
ROI: 7%
~68 m²

ValuationOvervalued

Sold Prices£105K - £246K
Sold Prices/m²£962/m² - £2.9K/m²

 

 

Square Metres

~68.10 m²
Price/m²£2.1K/m²

Value Estimate

£126,650

 

 

End Value (After Refurb)

£140,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£5,550

Refurb Costs

£28,795

Bridging Loan Interest

£3,806

Total Cash In

£76,152

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£140,000

Mortgage (After Refinance)

£105,000

Mortgage LTV

75%

Cash Left In

£76,152

Equity

£35,000

Rent Range

£850 - £3,500

Rent Estimate

£1,140

Running Costs/mo

£686

Cashflow/mo

£455

Cashflow/yr

£5,454

ROI

7%

Gross Yield

9%

Local Sold Prices

50 sold prices from £105K to £246K, average is £158.4K. £962/m² to £2.9K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£210K12/230.04 mi38, Darlington Road, Rochdale, Greater Manchester OL11 2LL3
£190K05/240.1 mi201, Queensway, Rochdale, Greater Manchester OL11 2NA3
£176K01/210.11 mi16, Dacre Road, Rochdale, Greater Manchester OL11 2LH3
£190K02/240.18 mi127, Queensway, Rochdale, Greater Manchester OL11 2LE3
£165K04/240.19 mi11, Darley Road, Rochdale, Greater Manchester OL11 2LF3
£118K04/210.19 mi16, Darley Road, Rochdale, Greater Manchester OL11 2LF3
£175K04/210.19 mi30, Hartley Lane, Rochdale, Greater Manchester OL11 2NL3
£215K10/230.21 mi9, Dunlop Avenue, Rochdale, Greater Manchester OL11 2NG3
£200K08/230.21 mi10, Dunlop Avenue, Rochdale, Greater Manchester OL11 2NG3
£220K06/230.21 mi1, Dunlop Avenue, Rochdale, Greater Manchester OL11 2NG3
£150K03/210.21 mi27, Dunlop Avenue, Rochdale, Greater Manchester OL11 2NG3
£210K06/240.21 mi4, Dunlop Avenue, Rochdale, Greater Manchester OL11 2NG3
£205K08/230.21 mi17, Dunlop Avenue, Rochdale, Greater Manchester OL11 2NG3
£170K05/240.23 mi14, Digby Road, Rochdale, Greater Manchester OL11 1TR3
£155K11/210.25 mi10, Dobbin Drive, Rochdale, Greater Manchester OL11 2JH3
£148K09/210.25 mi43, Dobbin Drive, Rochdale, Greater Manchester OL11 2JH3
£127K10/200.25 mi17, Dobbin Drive, Rochdale, Greater Manchester OL11 2JH3
£165K08/230.25 mi43, Dobbin Drive, Rochdale, Greater Manchester OL11 2JH3
£165K11/220.25 mi72, Gainsborough Drive, Rochdale, Greater Manchester OL11 2QT3
£180K09/210.26 mi4, Gainsborough Drive, Rochdale, Greater Manchester OL11 2QT3
£132K03/210.26 mi11, Dicken Green, Rochdale, Greater Manchester OL11 1TW3
£105K07/230.34 mi57, Queen Victoria Street, Rochdale, Greater Manchester OL11 2HF3
£180K11/230.34 mi112, Queensway, Rochdale, Greater Manchester OL11 1TJ3
£155K11/220.34 mi86, Queensway, Rochdale, Greater Manchester OL11 1TJ3
£246K01/230.35 mi40, Marigold Street, Rochdale, Greater Manchester OL11 1RJ3
£200K02/240.35 mi36, Marigold Street, Rochdale, Greater Manchester OL11 1RJ3
£147.5K02/210.37 mi4, Gisburn Drive, Rochdale, Greater Manchester OL11 2DE3
£143K09/210.44 mi74, Balderstone Road, Rochdale, Greater Manchester OL11 2DA3
£149K06/230.45 mi92, Deeplish Road, Rochdale, Greater Manchester OL11 1PQ3
£140K10/200.45 mi10, Letchworth Avenue, Rochdale, Greater Manchester OL11 1NB3
£122K04/230.46 mi4, Cumberland Road, Rochdale, Greater Manchester OL11 2RP3
£179.9K03/210.46 mi8, Ribble Street, Rochdale, Greater Manchester OL11 3QF3
£135K04/230.46 mi70, Hill Top Drive, Rochdale, Greater Manchester OL11 2RD3
£140K06/230.47 mi10, Ashton Gardens, Rochdale, Greater Manchester OL11 3SG3
£120K08/230.48 mi7, Schofield Street, Rochdale, Greater Manchester OL11 1BA3
£146K12/230.49 mi294, Oldham Road, Rochdale, Greater Manchester OL11 2EZ3
£135K11/230.49 mi292, Oldham Road, Rochdale, Greater Manchester OL11 2EZ3
£178K03/230.5 mi33, High Barn Close, Rochdale, Greater Manchester OL11 3PW3
£135K02/210.53 mi55, Cheltenham Street, Rochdale, Greater Manchester OL11 3QJ3
£150K08/230.53 mi47, Cheltenham Street, Rochdale, Greater Manchester OL11 3QJ3
£200K12/230.53 mi35, Charlotte Street, Rochdale, Greater Manchester OL16 4TJ3
£196.5K02/230.54 mi29, Charlotte Street, Rochdale, Greater Manchester OL16 4TJ3
£125K11/200.54 mi56, Fenton Street, Rochdale, Greater Manchester OL11 3TH3
£161.8K08/210.55 mi6, Fraser Street, Rochdale, Greater Manchester OL16 4UA3
£180K06/240.55 mi53, Clarendon Street, Rochdale, Greater Manchester OL16 4UB3
£130K09/230.56 mi119, Milkstone Road, Rochdale, Greater Manchester OL11 1NU3
£146K02/230.56 mi14, Ludgate Road, Rochdale, Greater Manchester OL11 2DR3
£148K04/210.59 mi12, Cleveleys Avenue, Rochdale, Greater Manchester OL16 4PD3
£195K05/230.6 mi18, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TZ3
£140K04/240.6 mi82, Hill Top Drive, Rochdale, Greater Manchester OL11 2RL3

Local Rents

36 rents from £850/mo to £3.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10012/240.04 miDarlington Road, Rochdale, Greater Manchester, OL113
£1,00012/240.45 mi-3
£90012/240.48 mi-3
£90012/240.48 mi-3
£1,30010/240.59 mi-3
£3,50012/240.6 mi-3
£1,30012/240.62 mi-3
£1,45006/240.64 mi-3
£1,36003/250.64 mi-3
£1,45006/240.64 miHill Top Drive, Rochdale, OL113
£99504/250.67 mi-3
£1,08012/240.68 mi-3
£1,10012/240.68 mi-3
£99512/240.69 mi-3
£99512/240.69 mi-3
£99512/240.7 mi-3
£1,10012/240.71 miBroad Lane, Rochdale, OL163
£1,10012/240.71 mi-3
£1,15002/250.73 mi-3
£90012/240.74 mi-3
£90012/240.74 miMere Street, Rochdale, OL113
£85005/240.77 mi-3
£1,25006/240.96 miGinnell Farm Avenue, Rochdale3
£1,10012/241.01 miApple Tree Way, Rochdale, OL163
£93510/241.02 mi-3
£1,50002/241.06 mi-3
£1,40012/241.06 mi-3
£1,20006/241.08 mi-3
£1,20006/241.08 mi-3
£1,40012/231.12 mi-3
£1,40012/231.12 mi-3
£1,20004/251.12 mi-3
£90012/241.14 miManchester Road, Rochdale3
£1,10005/241.15 mi-3
£1,19503/251.22 mi-3
£1,05012/241.23 mi-3

Local Area Statistics

Population in OL11

45,506

Population in Rochdale

128,851

Town centre distance

1.84 miles away

Nearest school

0.20 miles away

Nearest train station

0.71 miles away

 

 

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £145,000

January 10, 2024

Floor Plans

Description

  • No Chain +
  • Semi-Detached +
  • Modernisation Required +
  • Front & Rear Gardens +
  • Potential to Add a Drive +
  • Development Potential +
  • Investment Opportunity +

Situated in a popular residential area, this spacious 3 bedroom, semi-detached house presents an exceptional opportunity for those looking for a renovation project or an investment opportunity. Offered to the market with no onward chain, this property offers immense potential for modernisation and development.

Boasting three bedrooms, this semi-detached house provides ample living space for a growing family. The potential to add a driveway offers convenient off-road parking, ensuring ease of access for residents and guests alike. With a little imagination and some cosmetic updates, this property has the potential to become a truly magnificent family home.

The outside space is equally impressive, promising endless possibilities for relaxation and enjoyment. The front garden is laid to lawn and features hedged and fenced boundary, ensuring a sense of privacy. Gated access sets the tone for security and adds a touch of exclusivity to this property. The large rear garden boasts a paved patio area, lawn and a sturdy fenced boundary that guarantees privacy.

On-road parking is readily available for residents, with the added option of adding a drive if desired. This versatility provides peace of mind and flexibility for potential homeowners.

In conclusion, this property represents a fantastic opportunity for those seeking a spacious and versatile home with endless potential. With some work this property has the scope to become a truly remarkable residence. Perfectly positioned within a desirable area, this investment is not one to be missed.

EPC Rating: D

Agent Details

Revilo Homes, Rochdale

01706 335864

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪