3 Bed Terraced House, Refurb/BRRR, Rochdale, OL11 2TS, £135,000

73 Waverley Street, Rochdale, Greater Manchester, OL11 2TS - 11 views - 10 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 7%
~76 m²
+5 photos

ValuationFair Value

Sold Prices£87K - £290K
Sold Prices/m²£839/m² - £3K/m²

 

 

Square Metres

~76 m²
Price/m²£1.8K/m²

Value Estimate

£136,310

 

 

End Value (After Refurb)

£143,364

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Refurb Costs

£32,136

Bridging Loan Interest

£3,544

Total Cash In

£76,430

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£143,364

Mortgage (After Refinance)

£107,523

Mortgage LTV

75%

Cash Released

£6,273

Cash Left In

£70,157

Equity

£35,841

Rent Range

£800 - £1,500

Rent Estimate

£1,168

Running Costs/mo

£702

Cashflow/mo

£466

Cashflow/yr

£5,597

ROI

7%

Gross Yield

10%

Local Sold Prices

50 sold prices from £87K to £290K, average is £155.5K. £839/m² to £3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£159K02/210.02 mi1000, Manchester Road, Rochdale, Greater Manchester OL11 2TL3
£170K10/230.02 mi994, Manchester Road, Rochdale, Greater Manchester OL11 2TL3
£143K10/210.05 mi19, Wasdale Street, Rochdale, Greater Manchester OL11 2TP3
£195K11/220.05 mi1, Wasdale Street, Rochdale, Greater Manchester OL11 2TP3
£210K05/210.11 mi4, Bates Close, Rochdale, Greater Manchester OL11 2TU3
£122K08/230.14 mi17, St Martins Street, Rochdale, Greater Manchester OL11 2TD3
£200K10/230.14 mi47, Vicarage Road North, Rochdale, Greater Manchester OL11 2TF3
£152.5K06/210.16 mi8, St Gabriels Close, Rochdale, Greater Manchester OL11 2TG3
£98.5K10/200.18 mi32, St Martins Street, Rochdale, Greater Manchester OL11 2TB3
£175K10/230.22 mi19, Albion Street, Rochdale, Greater Manchester OL11 2UT3
£123K05/210.23 mi1054, Manchester Road, Rochdale, Greater Manchester OL11 2XJ3
£130K02/240.24 mi68, St Martins Street, Rochdale, Greater Manchester OL11 2UW3
£87K01/230.24 mi56, Melville Street, Rochdale, Greater Manchester OL11 2UQ3
£185K09/210.24 mi100, Colne Street, Rochdale, Greater Manchester OL11 2UG3
£118K10/200.25 mi64, Newchurch Street, Rochdale, Greater Manchester OL11 2UP3
£131K05/210.26 mi4, Chaucer Street, Rochdale, Greater Manchester OL11 2QG3
£148K10/230.28 mi10, Mavis Street, Rochdale, Greater Manchester OL11 3AZ3
£175K02/210.29 mi96, Fairway, Rochdale, Greater Manchester OL11 3BZ3
£235K11/220.29 mi5, Leander Drive, Rochdale, Greater Manchester OL11 2XA3
£172K05/210.29 mi31, Leander Drive, Rochdale, Greater Manchester OL11 2XA3
£255K03/230.31 mi74, Hillcrest Road, Rochdale, Greater Manchester OL11 2QB3
£135K08/230.31 mi50, Hillcrest Road, Rochdale, Greater Manchester OL11 2QB3
£156K03/230.31 mi86, Hillcrest Road, Rochdale, Greater Manchester OL11 2QB3
£138.5K11/220.31 mi2, Oakland Terrace, Rochdale, Greater Manchester OL11 3BJ3
£290K07/240.34 mi1154, Manchester Road, Rochdale, Greater Manchester OL11 2XX3
£178K10/230.35 mi6, Bowden Close, Rochdale, Greater Manchester OL11 2XT3
£170K04/230.35 mi4, Bowden Close, Rochdale, Greater Manchester OL11 2XT3
£120K11/200.35 mi13, Kirklee Road, Rochdale, Greater Manchester OL11 2PN3
£170K05/230.39 mi14, Croydon Avenue, Rochdale, Greater Manchester OL11 2YQ3
£173K04/230.39 mi20, Croydon Avenue, Rochdale, Greater Manchester OL11 2YQ3
£127.5K10/200.39 mi127, Heywood Road, Rochdale, Greater Manchester OL11 3BT3
£137K01/210.39 mi129, Heywood Road, Rochdale, Greater Manchester OL11 3BT3
£120K07/240.39 mi756, Manchester Road, Rochdale, Greater Manchester OL11 3AW3
£133K07/210.41 mi12, Alder Road, Rochdale, Greater Manchester OL11 2PP3
£128.8K10/210.41 mi10, Alder Road, Rochdale, Greater Manchester OL11 2PP3
£120K01/210.41 mi6, Alder Road, Rochdale, Greater Manchester OL11 2PP3
£180K05/230.41 mi45, Alder Road, Rochdale, Greater Manchester OL11 2PP3
£184.5K03/240.41 mi16, Pleasant Street, Rochdale, Greater Manchester OL11 3BE3
£163K03/210.41 mi20, Pleasant Street, Rochdale, Greater Manchester OL11 3BE3
£171K01/210.41 mi34, Pleasant Street, Rochdale, Greater Manchester OL11 3BE3
£189K10/210.41 mi32, Pleasant Street, Rochdale, Greater Manchester OL11 3BE3
£170K05/230.41 mi12, Chatburn Avenue, Rochdale, Greater Manchester OL11 2YG3
£151K01/240.44 mi42, Fairway, Rochdale, Greater Manchester OL11 3BU3
£175K12/220.44 mi40, Fairway, Rochdale, Greater Manchester OL11 3BU3
£125K07/210.44 mi57, Chatburn Square, Rochdale, Greater Manchester OL11 2YF3
£100K11/230.47 mi10, Ash Street, Rochdale, Greater Manchester OL11 3AP3
£112K07/210.48 mi24, Samuel Street, Rochdale, Greater Manchester OL11 3EA3
£232.5K12/230.48 mi44, Stocks Street, Rochdale, Greater Manchester OL11 3DJ3
£155K11/220.48 mi100, Kirklee Road, Rochdale, Greater Manchester OL11 2PW3
£135K12/200.5 mi8, Carnforth Avenue, Rochdale, Greater Manchester OL11 2YD3

Local Rents

22 rents from £800/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£90012/240.02 miManchester Road, Rochdale3
£1,20004/250.04 mi-3
£93510/240.16 mi-3
£80012/230.29 mi-3
£80012/230.29 mi-3
£1,15003/250.38 mi-3
£1,10005/240.4 mi-3
£1,05012/240.46 mi-3
£1,20006/240.75 mi-3
£1,20006/240.75 mi-3
£90012/240.8 mi-3
£90012/240.8 mi-3
£1,00012/240.82 mi-3
£1,19503/250.83 mi-3
£1,30010/240.88 mi-3
£1,45006/240.95 mi-3
£1,36003/250.95 mi-3
£1,45006/240.95 miHill Top Drive, Rochdale, OL113
£1,10012/241.15 miDarlington Road, Rochdale, Greater Manchester, OL113
£1,10004/251.17 mi-3
£1,50002/241.2 mi-3
£1,40012/241.2 mi-3

Local Area Statistics

Population in OL11

45,506

Population in Rochdale

128,851

Town centre distance

2.90 miles away

Nearest school

0.10 miles away

Nearest train station

0.33 miles away

 

 

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Price changed to £135,000

September 25, 2024

Listed for £145,000

June 26, 2024

Sold for £34,500

2002

Floor Plans

Description

  • Garden Fronted +
  • End-Terraced House +
  • In Need Of Modernisation +
  • Three Bedrooms +
  • Fitted Dining Kitchen +
  • Three-Piece Bathroom +
  • Yard To Rear +
  • Quiet Yet Convenient Location +
  • Ideal For First Time Buyers +
  • No Onward Chain +

Being sold with no onward chain, this spacious END-TERRACED HOUSE is situated in a quiet yet convenient location within walking distance of good local primary & secondary schools yet also on the doorstep of Castleton train station (20 minute journey into Manchester City Centre). The home also has easy access to Rochdale & Heywood town centres, in addition to the motorway network being less than a five-minute drive away.

Internally, the property may require some updating throughout but boasts ideal first time buyer living accommodation comprising of a lounge, fitted dining kitchen, THREE BEDROOMS and a bathroom. The property also benefits from having gas central heating and upvc double glazing throughout.

Fully enclosed garden at the front with yard at the rear.

Agent Details

Reside Estate Agency, Rochdale

01706 335427

Next Steps?

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