2 Bed Semi-Detached House, Cash/Bridging Only, Oldham, OL4 5SQ, £229,995

13 Mildred Avenue, Oldham, Greater Manchester, OL4 5SQ - 11 views - 8 months ago

Sold STC
Leasehold
Cash
ROI: 1%
~66 m²
+9 photos

ValuationOvervalued

Sold Prices£95K - £402K
Sold Prices/m²£669/m² - £4.2K/m²

 

 

Square Metres

~66 m²
Price/m²£3.5K/m²

Value Estimate

£157,826

 

 

End Value (After Refurb)

£190,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,499

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£27,819

Bridging Loan Interest

£6,037

Total Cash In

£101,205

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£190,000

Mortgage (After Refinance)

£142,500

Mortgage LTV

75%

Cash Left In

£101,205

Equity

£47,500

Rent Range

£700 - £1,100

Rent Estimate

£874

Running Costs/mo

£789

Cashflow/mo

£85

Cashflow/yr

£1,025

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £95K to £402K, average is £157K. £669/m² to £4.2K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£190K05/210.05 mi9, Hillside Avenue, Grotton, Oldham, Greater Manchester OL4 5SG2
£188.5K02/210.05 mi24, Hillside Avenue, Grotton, Oldham, Greater Manchester OL4 5SG2
£115K11/200.13 mi180, Oldham Road, Springhead, Oldham, Greater Manchester OL4 5SJ2
£165K02/230.14 mi17, Clegg Street, Springhead, Oldham, Greater Manchester OL4 4QW2
£192K10/200.19 mi50, Brookside Avenue, Grotton, Oldham, Greater Manchester OL4 4LJ2
£235K05/230.29 mi1, Springhead Avenue, Springhead, Oldham, Greater Manchester OL4 5SP2
£155K10/230.31 mi11, Gordon Street, Springhead, Oldham, Greater Manchester OL4 4QE2
£205K12/220.4 mi84, Under Lane, Grotton, Oldham, Greater Manchester OL4 5RN2
£145K12/220.4 mi89, Oldham Road, Springhead, Oldham, Greater Manchester OL4 4PY2
£149.9K01/210.41 mi1, Quick Edge Lane, Grotton, Oldham, Greater Manchester OL4 5RL2
£190K11/200.41 mi8, Beechfield Close, Springhead, Oldham, Greater Manchester OL4 4SP2
£170K04/230.41 mi109, Oldham Road, Springhead, Oldham, Greater Manchester OL4 4PY2
£128K02/240.41 mi113, Oldham Road, Springhead, Oldham, Greater Manchester OL4 4PY2
£172K11/210.41 mi87, Under Lane, Grotton, Oldham, Greater Manchester OL4 5RN2
£174.9K01/210.41 mi89, Under Lane, Grotton, Oldham, Greater Manchester OL4 5RN2
£188K07/230.41 mi87, Under Lane, Grotton, Oldham, Greater Manchester OL4 5RN2
£181K05/230.42 mi78, Oldham Road, Springhead, Oldham, Greater Manchester OL4 5SR2
£165K12/200.43 mi4, Bridgefield Crescent, Springhead, Oldham, Greater Manchester OL4 4PD2
£182K01/230.45 mi5, Bridge Street, Springhead, Oldham, Greater Manchester OL4 4PE2
£176K01/230.45 mi15, Bridge Street, Springhead, Oldham, Greater Manchester OL4 4PE2
£135K04/210.48 mi15, Ashes Lane, Springhead, Oldham, Greater Manchester OL4 4PF2
£163K07/230.48 mi19, Ashes Lane, Springhead, Oldham, Greater Manchester OL4 4PF2
£106.5K03/210.48 mi7, Ashes Lane, Springhead, Oldham, Greater Manchester OL4 4PF2
£125K11/200.5 mi38, Oldham Road, Springhead, Oldham, Greater Manchester OL4 5TA2
£122K02/210.5 mi10, Atherton Street, Springhead, Oldham, Greater Manchester OL4 5TF2
£159K07/230.5 mi12, Atherton Street, Springhead, Oldham, Greater Manchester OL4 5TF2
£212K10/200.52 mi1, North View Close, Lydgate, Oldham, Greater Manchester OL4 4JQ2
£195K04/210.52 mi49, Den Hill Drive, Springhead, Oldham, Greater Manchester OL4 4NR2
£100K08/210.54 mi3, Co Operative Street, Springhead, Oldham, Greater Manchester OL4 5TH2
£127K09/210.54 mi35, Rhodes Hill, Lees, Oldham, Greater Manchester OL4 5EA2
£150K08/230.54 mi35, Rhodes Hill, Lees, Oldham, Greater Manchester OL4 5EA2
£285K11/200.55 mi18, Burnedge Lane, Grasscroft, Oldham, Greater Manchester OL4 4DX2
£134K02/210.55 mi2, Garden Street, Springhead, Oldham, Greater Manchester OL4 5TJ2
£137.5K10/230.55 mi35, Co Operative Street, Springhead, Oldham, Greater Manchester OL4 5TB2
£155K02/210.56 mi19, Carr House Road, Springhead, Oldham, Greater Manchester OL4 4NW2
£171K02/210.56 mi8, Claytons Close, Springhead, Oldham, Greater Manchester OL4 4NT2
£152K04/230.56 mi6, Knowsley, Springhead, Oldham, Greater Manchester OL4 4BJ2
£128K11/230.57 mi11, Woodend Street, Springhead, Oldham, Greater Manchester OL4 5TL2
£150K06/230.57 mi21, Woodend Street, Springhead, Oldham, Greater Manchester OL4 5TL2
£140K03/210.57 mi13, Woodend Street, Springhead, Oldham, Greater Manchester OL4 5TL2
£300K06/230.57 mi1, Woodend Street, Springhead, Oldham, Greater Manchester OL4 5TL2
£140K02/230.58 mi28, Woodend Street, Springhead, Oldham, Greater Manchester OL4 5TL2
£95K05/230.63 mi7, Tumbling Bank Terrace, Lees, Oldham, Greater Manchester OL4 5DW2
£365K12/200.64 mi12, Beech Hill Road, Grasscroft, Oldham, Greater Manchester OL4 4DR2
£402K10/230.64 mi27, Lovers Lane, Grasscroft, Oldham, Greater Manchester OL4 4DT2
£211K08/230.65 mi119, Lees Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0PL2
£145K02/230.68 mi11, Union Street, Lees, Oldham, Greater Manchester OL4 4NE2
£125K11/210.68 mi17, Union Street, Lees, Oldham, Greater Manchester OL4 4NE2
£128K07/230.69 mi132, St John Street, Lees, Oldham, Greater Manchester OL4 3DJ2
£140K04/230.7 mi3a, Victoria Street, Lees, Oldham, Greater Manchester OL4 4ND2

Local Rents

11 rents from £700/mo to £1.1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£89506/240.1 mi-2
£89507/240.1 mi-2
£1,00006/240.1 miBrooklands Parade, Saddleworth, OL42
£89512/240.1 miBrooklands Parade, Saddleworth, OL42
£70012/240.15 mi207 Oldham Road Springhead2
£85001/240.26 mi-2
£1,10012/240.35 miCooper Street, Springhead, Oldham, Greater Manchester, OL42
£80006/240.47 mi4, Felltop Court, Lydgate2
£77506/240.52 mi21 Station Street Springhead Oldham2
£85010/230.55 mi-2
£85006/240.56 miKnowsley, Springhead, Saddleworth, OL42

Local Area Statistics

Population in OL4

44,247

Population in Oldham

182,174

Town centre distance

2.10 miles away

Nearest school

0.40 miles away

Nearest train station

1.57 miles away

 

 

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+46%

Property History

Listed for £229,995

July 16, 2024

Sold for £118,500

2016

Sold for £54,000

1995

Floor Plans

Description

  • No Vendor Chain +
  • Sought After Area +
  • Gardens To Front & Rear +
  • Dressing Room (Potential Third Bedroom) +
  • Great Potential +
  • Viewing Essential! +

This charming two-bedroom semi-detached house, located in the sought-after area of Grotton, is offered with no vendor chain, presenting an ideal opportunity for a growing family to put their own stamp on the property. Nestled in an area renowned for its picturesque countryside walks, the home also benefits from proximity to local amenities and convenient transport links to Oldham and Manchester.

As you enter the property, you are welcomed by a bright and inviting hall. The ground floor features a spacious lounge/diner, perfect for family gatherings and entertaining guests, along with a well-appointed kitchen equipped with ample storage and counter space. Upstairs, the first floor comprises two generously sized bedrooms and a modern bathroom. The main bedroom boasts an additional dressing room, providing a private and luxurious space for personal care and storage. This room also has the potential to be converted into a third bedroom with the installation of a window and some reconfiguration of the landing.
Externally, the property offers a gated, paved garden at the front, adorned with mature shrubs, creating a warm and welcoming entrance. The rear garden is also paved, with attractive planted borders, providing a low-maintenance outdoor space ideal for relaxation and outdoor dining.

This delightful home, ready for immediate occupancy, allows you to move in and start enjoying the benefits of this wonderful location without delay. While the house needs modernising, it offers great potential to create a contemporary and personalised living space. Viewing Highly Recommended

Ground Floor -

Hall - Door to front, double glazed window to front, radiator, stairs leading to first floor, door to under stairs storage cupboard, door leading to:

Lounge/Diner - 6.25m x 3.51m (20'6" x 11'6") - Double glazed bay window to front, double glazed window to rear, feature inglenook fireplace, two radiators, door leading to:

Kitchen - 3.74m x 2.13m (12'3" x 7'0") - Fitted with a matching range of base and eye level units with worktop space over, inset sink and drainer with mixer tap, tiled splashbacks, plumbing for washing machine, space for fridge/freezer, built-in oven, built-in hob with extractor hood over, double glazed window to side, radiator, door leading out to rear garden.

First Floor -

Landing - Double glazed window to side, doors leading to:

Dressing Room - 3.10m x 1.78m (10'2" x 5'10") - (Potential to be additional bedroom) Radiator, open to storage area, door leading to:

Bedroom 1 - 3.10m x 3.50m (10'2" x 11'6") - Double glazed bay window to front, radiator.

Bedroom 2 - 3.05m x 3.50m (10'0" x 11'6") - Double glazed window to rear, radiator.

Bathroom - 2.13m x 2.13m (7'0" x 7'0") - Three piece suite comprising panelled bath with shower over, pedestal wash hand basin and low-level WC, part tiled walls, double glazed window to rear, radiator.

Outside - Gated paved garden to the front with mature planted shrubs. Paved garden to the rear with planted borders.

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.

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Agent Details

Home Estate Agents Ltd, Stalybridge

0161 524 4847

Next Steps?

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