2 Bed Terraced House, Refurb/BRRR, Rochdale, OL12 0SN, £87,500

Whitworth Road, Healey, Rochdale, Greater Manchester, OL12 0SN - 1 views - 9 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~72 m²
+3 photos

ValuationUndervalued

Sold Prices£55K - £267K
Sold Prices/m²£917/m² - £4.4K/m²

 

 

Square Metres

~72 m²
Price/m²£1.2K/m²

Value Estimate

£90,125
BMV3%

 

 

End Value (After Refurb)

£158,231

Uplift in Value

+81%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£21,875

Stamp Duty & Legal Fees

£5,575

Refurb Costs

£30,348

Bridging Loan Interest

£2,297

Total Cash In

£61,845

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£158,231

Agent Fees (1%)

£1,582

Bridging Loan

£65,625

Bridging Loan Interest

£2,297

Flip Profit

£29,178

Local Sold Prices

48 sold prices from £55K to £267K, average is £138.5K. £917/m² to £4.4K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£105K06/240 mi422, Whitworth Road, Rochdale, Greater Manchester OL12 0SN2
£110K09/230.03 mi473, Whitworth Road, Rochdale, Greater Manchester OL12 6HB2
£151K05/210.08 mi67, Brookdale, Rochdale, Greater Manchester OL12 0UY2
£147K04/210.08 mi61, Brookdale, Rochdale, Greater Manchester OL12 0UY2
£151K06/230.1 mi10, Earnshaw Avenue, Rochdale, Greater Manchester OL12 0ST2
£55K11/200.14 mi15, Gale Street, Rochdale, Greater Manchester OL12 0SQ2
£130K02/240.18 mi8, Daffodil Close, Rochdale, Greater Manchester OL12 6NY2
£132K08/240.19 mi532, Whitworth Road, Rochdale, Greater Manchester OL12 0SW2
£155K09/230.2 mi6, Quarry Hill, Rochdale, Greater Manchester OL12 0SZ2
£138K03/230.21 mi93, Bentley Street, Rochdale, Greater Manchester OL12 6PA2
£170K06/240.22 mi7, Dahlia Close, Rochdale, Greater Manchester OL12 6NT2
£107K01/210.23 mi6, Bassett Way, Rochdale, Greater Manchester OL12 6NP2
£158K10/230.23 mi1, Bassett Close, Rochdale, Greater Manchester OL12 6NR2
£135K01/230.25 mi31, Norton Road, Rochdale, Greater Manchester OL12 0BJ2
£95K01/210.27 mi40, Blackthorn Close, Rochdale, Greater Manchester OL12 6XU2
£80K11/200.27 mi18, Blackthorn Close, Rochdale, Greater Manchester OL12 6XU2
£165K03/240.27 mi39, Blackthorn Close, Rochdale, Greater Manchester OL12 6XU2
£120K11/230.28 mi16, Great Lee, Rochdale, Greater Manchester OL12 6NJ2
£95K02/210.28 mi16, Great Lee, Rochdale, Greater Manchester OL12 6NJ2
£155K03/240.28 mi23, Betony Close, Rochdale, Greater Manchester OL12 6XJ2
£131K11/200.28 mi17, Betony Close, Rochdale, Greater Manchester OL12 6XJ2
£182.5K08/230.28 mi17, Betony Close, Rochdale, Greater Manchester OL12 6XJ2
£142K10/230.28 mi31, Betony Close, Rochdale, Greater Manchester OL12 6XJ2
£178K01/230.28 mi27, Betony Close, Rochdale, Greater Manchester OL12 6XJ2
£65K04/230.29 mi291, Whitworth Road, Rochdale, Greater Manchester OL12 6ER2
£122K08/230.31 mi32, New Street, Rochdale, Greater Manchester OL12 6NS2
£115K07/230.31 mi17, Edwin Waugh Gardens, Rochdale, Greater Manchester OL12 6NH2
£170K12/210.31 mi17, Dew Meadow Close, Rochdale, Greater Manchester OL12 6JT2
£139K12/210.31 mi13, Jefferson Way, Rochdale, Greater Manchester OL12 0BX2
£100K12/200.32 mi90, Joy Street, Rochdale, Greater Manchester OL12 0BY2
£135K03/240.32 mi72, Joy Street, Rochdale, Greater Manchester OL12 0BY2
£245K04/210.33 mi4, Wood Hey Grove, Rochdale, Greater Manchester OL12 9TY2
£118.3K10/210.34 mi10, Jefferson Way, Rochdale, Greater Manchester OL12 0BX2
£215K09/210.35 mi3, Waingap Rise, Rochdale, Greater Manchester OL12 9TZ2
£142K10/230.36 mi630, Whitworth Road, Rochdale, Greater Manchester OL12 0TB2
£140.5K07/230.36 mi642, Whitworth Road, Rochdale, Greater Manchester OL12 0TB2
£190K07/240.37 mi13, Harebell Close, Rochdale, Greater Manchester OL12 6XW2
£207.5K02/210.37 mi30, Heights Avenue, Rochdale, Greater Manchester OL12 6JH2
£173K03/230.37 mi2, Holbeck Avenue, Rochdale, Greater Manchester OL12 6DN2
£175K02/230.38 mi9, Leaside Close, Rochdale, Greater Manchester OL12 6PD2
£162K03/240.39 mi51, Foxglove Court, Rochdale, Greater Manchester OL12 6XF2
£108K11/210.4 mi19, Glen Gardens, Rochdale, Greater Manchester OL12 0BU2
£115K06/210.4 mi6, Glen Gardens, Rochdale, Greater Manchester OL12 0BU2
£97.5K05/210.44 mi3, Joseph Street, Rochdale, Greater Manchester OL12 6NB2
£119K12/200.44 mi7, Joseph Street, Rochdale, Greater Manchester OL12 6NB2
£105K12/200.44 mi17, Joseph Street, Rochdale, Greater Manchester OL12 6NB2
£267K01/210.45 mi6, Shawclough Close, Rochdale, Greater Manchester OL12 7HQ2
£172K08/230.45 mi10, Heights Avenue, Rochdale, Greater Manchester OL12 6JL2

Local Rents

13 rents from £700/mo to £930/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£70012/240.05 miBERNARD STREET, Healey, Rochdale OL12 0SJ2
£93012/240.22 mi-2
£72506/230.23 mi-2
£77512/240.31 miClarence Street, Shawclough, Rochdale, Greater Manchester, OL122
£82506/240.31 miAshmount Drive, Shawclough, OL12 6HP2
£85002/250.34 mi-2
£89506/240.38 mi-2
£89506/240.38 mi-2
£85001/250.45 mi-2
£87504/250.45 mi-2
£79504/240.47 mi-2
£90012/240.48 mi-2
£89512/240.48 miDewhirst Road, Rochdale, OL122

Local Area Statistics

Population in OL12

45,900

Population in Rochdale

128,851

Town centre distance

0.72 miles away

Nearest school

0.20 miles away

Nearest train station

1.13 miles away

 

 

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Price changed to £87,500

December 4, 2024

Listed for £90,000

July 22, 2024

Floor Plans

Description

  • Investment Opportunity +
  • Two Bedroom Mid Terrace +
  • Modernisation Required +
  • No Chain +
  • Popular & Convenient Location +
  • Council Tax Band A +
  • Freehold +
  • EPC:TBC +

Two bedroom mid terrace in need of moderniation and presenting the property investor with an excellent opportunity. The property is located within the pleasant area of Healey and is well placed for access to schools, amenities and transport links. No chain. EPC:D

Charming terraced house in the heart of Healey offering an ideal opportunity for the property investor. The property is in need of modernisation and internal insection comes highly recommended.

This traditional home consists of a living room, kitchen, two bedrooms and a bathroom, whilst to the rear is an enclosed courtyard.

The property is found in the popular village of Healey and is well placed for access to local amenities, local schooling plus transport links.

No chain.

EPC:TBC

Agent Details

Ryder & Dutton, Rochdale

01706 335894

Next Steps?

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