2 Bed Flat, Refurb/BRRR, Oldham, OL4 5QY, £380,000
Station Lane, Grotton, Saddleworth, OL4 5QY - 10 months ago
Sold STC
Leasehold
Refurb/BRRR
~68 m²





+29 photos
ValuationOvervalued
Sold Prices | £75K - £255K |
Sold Prices/m² | £1.2K/m² - £3.3K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £5.6K/m² |
Value Estimate | £145,827 |
| |
End Value (After Refurb) | £355,000 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £95,000 |
Stamp Duty & Legal Fees | £19,100 |
Refurb Costs | £28,709 |
Bridging Loan Interest | £9,975 |
Total Cash In | £154,534 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £355,000 |
Mortgage (After Refinance) | £266,250 |
Mortgage LTV | 75% |
Cash Left In | £154,534 |
Equity | £88,750 |
Rent Range | £700 - £1,100 |
Rent Estimate | £876 |
Running Costs/mo | £1,305 |
Cashflow/mo | £-429 |
Cashflow/yr | £-5,143 |
Gross Yield | 3% |
Local Sold Prices
21 sold prices from £75K to £255K, average is £142.5K. £1.2K/m² to £3.3K/m², average is £2.4K/m².
Local Rents
10 rents from £700/mo to £1.1K/mo, average is £873/mo.
Local Area Statistics
Population in OL4 | 44,247 |
Population in Oldham | 182,174 |
Town centre distance | 2.19 miles away |
Nearest school | 0.40 miles away |
Nearest train station | 1.41 miles away |
| |
Rental growth (12m) | +14% |
Sales demand | Seller's market |
Capital growth (5yrs) | +46% |
Property History
Listed for £380,000
May 14, 2024
Floor Plans

Description
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