3 Bed Terraced House, Refurb/BRRR, Mossley, OL5 9FG, £230,000

Waters Reach, Mossley,, OL5 9FG - 2 views - 10 months ago

Leasehold
Cash
Refurb/BRRR
ROI: 6%
~70 m²

ValuationOvervalued

Sold Prices£113K - £470K
Sold Prices/m²£1.5K/m² - £4.9K/m²

 

 

Square Metres

~70.10 m²
Price/m²£3.3K/m²

Value Estimate

£177,020

 

 

End Value (After Refurb)

£198,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£29,641

Bridging Loan Interest

£6,038

Total Cash In

£102,879

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£198,500

Mortgage (After Refinance)

£148,875

Mortgage LTV

75%

Cash Left In

£102,879

Equity

£49,625

Rent Range

£800 - £3,300

Rent Estimate

£1,397

Running Costs/mo

£920

Cashflow/mo

£477

Cashflow/yr

£5,727

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £113K to £470K, average is £279K. £1.5K/m² to £4.9K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£461K08/220.04 mi48, Waters Reach, Mossley, Ashton-under-lyne, Greater Manchester OL5 9FG3
£255K03/210.06 mi7, Spring Mill Drive, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GG3
£307K10/220.08 mi3, Hob Mill Rise, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DT3
£297K09/210.08 mi7, Hob Mill Rise, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DT3
£400K08/230.08 mi4, Canalside Close, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GH3
£250K12/220.15 mi19, Tame Valley Close, Mossley, Ashton-under-lyne, Greater Manchester OL5 9HD3
£285K06/210.16 mi5, Alphin Close, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DX3
£285K06/210.17 mi5, Alphin Close, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DX3
£247K10/210.2 mi21, Quick View, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DU3
£113K06/210.24 mi52, Lower Hey Lane, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DE3
£215K02/210.29 mi9, Meadow Close, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DS3
£245K08/210.29 mi19, Meadow Close, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DS3
£253.5K03/230.29 mi20, Dale Avenue, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DG3
£300K12/200.31 mi24, Cote Lane, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DF3
£265K09/210.34 mi353, Stockport Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0RS3
£320K10/210.34 mi313, Stockport Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0RS3
£241K11/200.34 mi343, Stockport Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0RS3
£350K04/210.41 mi13, Strawberry Lane, Mossley, Ashton-under-lyne, Greater Manchester OL5 0RJ3
£320K06/210.45 mi25, Church Road, Greenfield, Oldham, Greater Manchester OL3 7LQ3
£370K12/200.47 mi114a, Manchester Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 9AY3
£240K05/210.5 mi2, Poplar Avenue, Lydgate, Oldham, Greater Manchester OL4 4JX3
£322.3K04/230.5 mi25, Highbank Crescent, Grasscroft, Oldham, Greater Manchester OL4 4HS3
£283K12/200.5 mi25, Highbank Crescent, Grasscroft, Oldham, Greater Manchester OL4 4HS3
£335K11/220.5 mi5, Highbank Crescent, Grasscroft, Oldham, Greater Manchester OL4 4HS3
£350K09/210.52 mi163, Manchester Road, Greenfield, Oldham, Greater Manchester OL3 7HN3
£207K05/210.55 mi14, St Johns Gardens, Mossley, Ashton-under-lyne, Greater Manchester OL5 0SS3
£205K05/210.55 mi8, St Johns Gardens, Mossley, Ashton-under-lyne, Greater Manchester OL5 0SS3
£470K12/220.56 mi6, High Grove Road, Grasscroft, Oldham, Greater Manchester OL4 4HG3
£250K12/220.6 mi80, Carrhill Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0SE3
£165K03/210.6 mi17, New Earth Street, Mossley, Ashton-under-lyne, Greater Manchester OL5 0SL3
£455K03/210.66 mi9, Brookway, Grasscroft, Oldham, Greater Manchester OL4 4EU3
£235K07/230.66 mi24, Woodbank Terrace, Mossley, Ashton-under-lyne, Greater Manchester OL5 0SP3
£305K02/210.67 mi67, Stockport Road, Lydgate, Oldham, Greater Manchester OL4 4JJ3
£435K07/230.7 mi72, Oldham Road, Grasscroft, Oldham, Greater Manchester OL4 4HU3
£383.6K11/200.7 mi84, Oldham Road, Grasscroft, Oldham, Greater Manchester OL4 4HU3
£260K10/220.71 mi2, Warlow Crest, Greenfield, Oldham, Greater Manchester OL3 7HD3
£215K11/220.71 mi6, Warlow Crest, Greenfield, Oldham, Greater Manchester OL3 7HD3
£385K10/220.73 miHillside, Carrhill Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0BL3
£165K06/210.73 mi6, The Beeches, Mossley, Ashton-under-lyne, Greater Manchester OL5 9EW3
£195K02/210.73 mi12, Shaw Hall Bank Road, Greenfield, Oldham, Greater Manchester OL3 7LD3
£225K11/200.73 mi19, Warlow Drive, Greenfield, Oldham, Greater Manchester OL3 7HE3
£325K04/230.73 mi23, Warlow Drive, Greenfield, Oldham, Greater Manchester OL3 7HE3
£247.3K12/220.74 miNorville, Carrhill Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0BL3
£190K11/200.75 mi4, North View Close, Lydgate, Oldham, Greater Manchester OL4 4JQ3
£218.5K12/210.75 mi4, Border Mill Fold, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GD3
£375K09/230.76 mi194, Oldham Road, Grasscroft, Oldham, Greater Manchester OL4 4DW3
£390K12/200.76 mi120, Oldham Road, Grasscroft, Oldham, Greater Manchester OL4 4HZ3
£275K11/220.78 mi49, Gladstone Terrace Road, Greenfield, Oldham, Greater Manchester OL3 7HF3
£215K03/230.78 mi10, Gladstone Terrace Road, Greenfield, Oldham, Greater Manchester OL3 7HF3
£290K03/210.79 mi214, Oldham Road, Lydgate, Oldham, Greater Manchester OL4 4DN3

Local Rents

26 rents from £800/mo to £3.3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£85006/240.12 mi12 Shadows Lane3
£1,90003/240.32 mi-3
£1,75009/240.32 mi-3
£80006/240.49 mi-3
£1,30006/240.66 miClough Lane, Grasscroft, Oldham, Greater Manchester, OL43
£95009/230.66 mi-3
£2,00008/240.71 mi-3
£95010/240.76 mi-3
£1,75012/240.79 miOldham Road, Lydgate, Oldham, Greater Manchester, OL43
£1,30006/240.83 miPlatting Road, Lydgate3
£1,40002/250.87 mi-3
£1,25006/240.9 miBurnedge Lane, Grasscroft, Saddleworth, OL43
£1,25012/240.9 miBurnedge Lane, Grasscroft, Saddleworth, OL43
£95002/240.92 mi-3
£1,05006/240.92 miCross Street, OL53
£85009/240.96 miKing Street, OL53
£95006/241.05 miWaterton Lane, Mossley, Ashton-Under-Lyne3
£1,35006/241.07 mi81 Chew Valley Road, Greenfield3
£1,10004/241.08 mi-3
£1,10010/241.08 mi-3
£3,30006/241.08 mi-3
£3,30006/241.08 mi-3
£3,30008/241.08 mi-3
£1,05003/251.1 mi-3
£1,20009/241.23 mi-3
£1,22509/241.23 mi-3

Local Area Statistics

Population in OL5

10,957

Town centre distance

0.95 miles away

Nearest school

0.40 miles away

Nearest train station

0.94 miles away

 

 

Rental growth (12m)

+49%

Sales demand

Balanced market

Capital growth (5yrs)

+44%

Property History

Price changed to £230,000

March 29, 2025

Price changed to £225,000

February 13, 2025

Price changed to £220,000

December 4, 2024

Listed for £225,000

July 8, 2024

Floor Plans

Description

  • Three Bedroom End Mews Property +
  • Fitted Kitchen +
  • Gardens Front & Rear +
  • Driveway to Side +
  • Quiet Cul De Sac Location +
  • In Need of Slight Cosmetic Work - Chain Free! +

Ideally located on a quiet cul de sac is this three bedroom end mews property offering ready to move into accommodation of which only a full personal inspection will fully reveal.

Cul de sac located the well planned and spacious accommodation is in need of some slight cosmetic work and briefly comprises to the ground floor, entrance hallway, superb light and airy lounge, contemporary fitted dining kitchen, downstairs cloakroom.. Whilst to the first floor there are three excellent sized bedrooms and a family bathroom/WC. To the outside the property boasts gardens to both the front and rear with the front garden boasting parking for two vehicles, The property further benefits from Upvc double glazing and gas central heating ensuring that this property will appeal to even the most discerning of purchasers.

Viewing Recommended!

Ground Floor -

Hall - Stairs to first floor.

Lounge - 5.05m x 3.34m (16'7" x 10'11") - Box window to front, radiator

Kitchen/Dining Room - 3.56m x 4.35m (11'8" x 14'3") - Fitted with a matching range of base and wall units incorporating a 1 1/4 single drainer stainless steel sink unit and worktops over, Upvc double glazed window to rear. Upvc double glazed patio doors to the rear, part tiled walls, fitted four ring gas hob with extractor hood above and electric oven below, plumbing for automatic washing machine, tiled floor, gas central heating boiler and radiator.

Cloakroom - Low level WC, wash hand basin.

First Floor -

Landing - Access to roof void.

Bedroom 1 - 3.16m x 3.34m (10'4" x 10'11") - Double glazed window to front, radiator.

En-Suite Shower Room - fitted shower cubicle, wash hand basin, low level wc

Bedroom 2 - 3.06m x 2.34m (10'0" x 7'8") - Window to rear, radiator

Bedroom 3 - Window to rear, radiator

Bathroom - white suite panelled bath, pedestal wash hand basin , low level WC. radiator

Outside -

Gardens & Driveway - Double driveway, garden to front and lawned garden to rear.

Disclaimer - Home Estate Agents believe all the particulars given to be accurate. They have not tested or inspected any equipment, apparatus, fixtures or fittings and cannot, therefore, offer any proof or confirmation as to their condition or fitness for purpose thereof. The purchaser is advised to obtain the necessary verification from the solicitor or the surveyor. All measurements given are approximate and for guide purposes only and should not be relied upon as accurate for the purpose of buying fixtures, floor-coverings, etc. The buyer should satisfy him/her self of all measurements prior to purchase.

Before we can accept an offer for any property we will need certain information from you which will enable us to qualify your offer. If you are making a cash offer which is not dependent upon the sale of another property we will require proof of funds. You should be advised that any approach to a bank, building society or solicitor before we have qualified your offer may result in legal or survey fees being lost. In addition, any delay may result in the property being offered to someone else.

Agent Details

Home Estate Agents Ltd, Stalybridge

0161 524 4847

Next Steps?

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