2 Bed Terraced House, Refurb/BRRR, Oldham, OL2 8LU, £160,000

Buckstones Road, Shaw, Oldham, Greater Manchester, OL2 8LU - 3 views - 8 months ago

Leasehold
Refurb/BRRR
ROI: 2%
~68 m²
+15 photos

ValuationOvervalued

Sold Prices£95K - £270K
Sold Prices/m²£417/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£153,453

 

 

End Value (After Refurb)

£179,863

Uplift in Value

+12%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£28,758

Bridging Loan Interest

£4,200

Total Cash In

£80,708

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£179,863

Mortgage (After Refinance)

£134,897

Mortgage LTV

75%

Cash Released

£14,897

Cash Left In

£65,811

Equity

£44,966

Rent Range

£550 - £1,200

Rent Estimate

£865

Running Costs/mo

£755

Cashflow/mo

£110

Cashflow/yr

£1,319

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £95K to £270K, average is £172.5K. £417/m² to £4.3K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£200K11/200.27 mi1, Pingot, Shaw, Oldham, Greater Manchester OL2 8NB2
£132K04/210.38 mi23, Priestley Way, Shaw, Oldham, Greater Manchester OL2 8HU2
£138.5K12/200.4 mi10, Blueberry Drive, Shaw, Oldham, Greater Manchester OL2 8HP2
£205K03/210.4 mi1, Old Brook Close, Shaw, Oldham, Greater Manchester OL2 8NQ2
£270K09/220.43 mi6, Laneside Avenue, Shaw, Oldham, Greater Manchester OL2 8JZ2
£180K04/210.46 mi33, Arley Drive, Shaw, Oldham, Greater Manchester OL2 8DY2
£239.9K10/230.46 mi19, Arley Drive, Shaw, Oldham, Greater Manchester OL2 8DY2
£136.3K02/210.51 mi12, George Street, Shaw, Oldham, Greater Manchester OL2 8HG2
£199.9K05/210.53 mi5, Neston Close, Shaw, Oldham, Greater Manchester OL2 8JP2
£170K02/210.56 mi36, Pennine Vale, Shaw, Oldham, Greater Manchester OL2 8DH2
£185K07/230.56 mi19, Pennine Vale, Shaw, Oldham, Greater Manchester OL2 8DH2
£180K10/210.57 mi21, Miller Meadow Close, Shaw, Oldham, Greater Manchester OL2 8DT2
£195K02/240.57 mi3, Dingle Avenue, Shaw, Oldham, Greater Manchester OL2 8DD2
£140K01/230.59 mi58, Grains Road, Shaw, Oldham, Greater Manchester OL2 8JF2
£212.5K11/200.6 mi11, Staveley Close, Shaw, Oldham, Greater Manchester OL2 8ND2
£187K09/230.6 mi29, Staveley Close, Shaw, Oldham, Greater Manchester OL2 8ND2
£187K11/230.61 mi15, Crossfield Close, Shaw, Oldham, Greater Manchester OL2 8GB2
£155K09/230.63 mi356, Milnrow Road, Shaw, Oldham, Greater Manchester OL2 8BJ2
£95K12/200.69 mi14, Bridge Street, Shaw, Oldham, Greater Manchester OL2 8BG2
£230K02/230.72 mi8, Dunwood Avenue, Shaw, Oldham, Greater Manchester OL2 7UF2
£150K01/210.72 mi5, Wrens Nest Avenue, Shaw, Oldham, Greater Manchester OL2 7UE2
£148K02/210.72 mi2, Park Side Avenue, Shaw, Oldham, Greater Manchester OL2 7UG2
£102K01/230.72 mi22, Cheetham Street, Shaw, Oldham, Greater Manchester OL2 8PW2
£190K12/220.76 mi453, Milnrow Road, Shaw, Oldham, Greater Manchester OL2 8BU2
£95K05/230.76 mi145, Milnrow Road, Shaw, Oldham, Greater Manchester OL2 7TN2
£132K10/210.76 mi57, Smallbrook Road, Shaw, Oldham, Greater Manchester OL2 7UQ2
£175K12/220.77 mi5, Hawksmoor Drive, Shaw, Oldham, Greater Manchester OL2 7UD2
£139K03/210.78 mi13, Woodend, Shaw, Oldham, Greater Manchester OL2 7UR2
£124K03/210.79 mi85, Beal Lane, Shaw, Oldham, Greater Manchester OL2 8PH2
£140K07/230.79 mi109, Beal Lane, Shaw, Oldham, Greater Manchester OL2 8PH2
£127.5K03/210.79 mi98, Beal Lane, Shaw, Oldham, Greater Manchester OL2 8PH2
£125K08/230.79 mi79, Beal Lane, Shaw, Oldham, Greater Manchester OL2 8PH2
£130K02/210.79 mi19, Belgravia Mews, Shaw, Oldham, Greater Manchester OL2 7TB2
£181K01/240.81 mi30, Cowie Street, Shaw, Oldham, Greater Manchester OL2 7XA2
£135K06/210.81 mi26, Cowie Street, Shaw, Oldham, Greater Manchester OL2 7XA2
£95K02/210.82 mi56, Milnrow Road, Shaw, Oldham, Greater Manchester OL2 8ER2
£160K06/230.86 mi14, Chertsey Close, Shaw, Oldham, Greater Manchester OL2 7UY2
£123.5K10/230.87 mi12, St James Street, Shaw, Oldham, Greater Manchester OL2 7TD2
£125K03/210.87 mi17, St James Street, Shaw, Oldham, Greater Manchester OL2 7TD2
£180K11/220.88 mi4, Chelsea Close, Shaw, Oldham, Greater Manchester OL2 7TL2
£103K02/210.88 mi19, Travis Street, Shaw, Oldham, Greater Manchester OL2 8EH2
£134.9K03/210.89 mi4, Westminster Close, Shaw, Oldham, Greater Manchester OL2 7XZ2
£185K12/220.89 mi138, Oldham Road, Denshaw, Oldham, Greater Manchester OL3 5RP2
£179K08/210.89 mi4, Surrey Park Close, Shaw, Oldham, Greater Manchester OL2 7YS2
£195K11/230.9 mi3, Chelsea Close, Shaw, Oldham, Greater Manchester OL2 7TL2
£188K02/240.92 mi5, Vine Close, Shaw, Oldham, Greater Manchester OL2 7TG2
£185K02/230.92 mi23, Duchess Park Close, Shaw, Oldham, Greater Manchester OL2 7YN2
£205K12/230.92 mi1, Duchess Park Close, Shaw, Oldham, Greater Manchester OL2 7YN2
£178K08/210.92 mi40, Duchess Park Close, Shaw, Oldham, Greater Manchester OL2 7YN2
£189.9K12/200.92 mi32, Duchess Park Close, Shaw, Oldham, Greater Manchester OL2 7YN2

Local Rents

29 rents from £550/mo to £1.2K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£87506/240.32 miHillside Avenue, Shaw2
£1,20003/250.63 mi-2
£95012/240.76 mi-2
£1,00012/240.76 mi-2
£95012/240.82 mi-2
£55012/240.84 mi-2
£55012/240.84 mi-2
£97512/240.85 mi-2
£97506/240.85 miSt. James Street, Shaw, Oldham, OL22
£69506/240.88 miMarket Street, Shaw, OL22
£97506/240.93 mi-2
£97506/240.93 miProvident Street, Shaw, Oldham, OL22
£1,19503/250.96 mi-2
£90012/240.96 mi-2
£90001/250.96 mi-2
£85001/250.97 mi-2
£85012/240.99 miCollinge Street, Shaw2
£85012/240.99 miWild Street, Shaw2
£90001/251.01 mi-2
£90012/241.02 mi-2
£82512/241.05 miDurden Mews, Shaw2
£72012/241.06 mi-2
£90010/241.1 mi-2
£89508/241.12 miSwift Road, Oldham2
£85006/241.13 miArthur Street, Shaw2
£89506/241.16 miFarrow Street, Shaw2
£75006/241.16 mi6 Queen Street Shaw2
£1,10012/241.21 mi-2
£87012/231.23 mi-2

Local Area Statistics

Population in OL2

42,193

Population in Oldham

182,174

Town centre distance

2.56 miles away

Nearest school

0.40 miles away

Nearest train station

0.85 miles away

 

 

Rental growth (12m)

+15%

Sales demand

Balanced market

Capital growth (5yrs)

+41%

Property History

Listed for £160,000

July 31, 2024

Description

  • Secluded Location +
  • Stunning Views From Elevated Rear Garden +
  • Fantastic Potential +
  • Two Double Bedrooms +
  • Beautiful Rear Garden +
  • Additional Land At The Front To Convert To Private Parking +
  • Gas Central Heating +
  • Leasehold, 999 Years From 18/11/1792, £1.50PA Ground Rent +
  • Council Tax Band D +
  • EPC Rating E +

*No Chain* This stunning two double bedroom traditional cottage is full of potential and has incredible, far-reaching views from the rear garden! Tucked away on a quiet country lane, off Buckstones Road, there is a communal parking area and also an additional plot of land to the front of the property, currently an additional garden but could easily be converted into a private parking bay!

The property is in need of cosmetic modernisation and is priced accordingly. It is full of character and charm with beamed ceilings featuring throughout. The property features a spacious lounge with feature fireplace and a kitchen diner across the rear. To the first floor are two spacious double bedroom with built-in storage and a family bathroom. Externally, as well as the additional front garden, there is beautiful elevated rear garden with fantastic rockery, lawn and, at the top, the summerhouse with decked seating area offering spectacular views, ideal on a summers evening!

Perfectly positioned off Buckstones Road, with easy access to the shops and public transport links, including the Metro at Shaw Town Centre. There is a great variety of pubs, cafes and restaurants within a short distance, plus a selection of well regarded schools.

Book your viewing today to avoid disappointment!

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

SWT240319/2

Agent Details

Your Move, Shaw

01706 586783

Next Steps?

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