5 Bed Semi-Detached House, Refurb/BRRR, Rochdale, OL11 5TH, £250,000

HAREWOOD ROAD, Norden, Rochdale OL11 5TH - 4 views - 8 months ago

Refurb/BRRR
~124 m²
+10 photos

ValuationUndervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Refurb Costs

£52,348

Bridging Loan Interest

£6,563

Total Cash In

£136,860

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£349,175

Agent Fees (1%)

£3,492

Bridging Loan

£187,500

Bridging Loan Interest

£6,563

Flip Profit

£21,323













Local Rents

14 rents from £900/mo to £2.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95006/240.57 mi-3
£95010/240.57 mi-3
£1,00004/250.6 mi-3
£99506/240.66 miShelfield Lane Norden. 3
£95006/240.74 mi-3
£90006/240.79 mi52 Whitefield Avenue, Norden OL11 5YG3
£1,30004/251.05 mi-4
£2,00004/251.19 mi-4
£1,40006/241.2 miStonehill Crescent, Rochdale, OL124
£1,25006/241.21 miPartridge Close, Rochdale, Greater Manchester, OL113
£1,20012/241.21 miHarland Way, Rochdale, Greater Manchester, OL124
£1,15004/251.21 mi-3
£99506/241.22 miWar Office Road, Bamford, Rochdale, OL113
£2,25001/251.23 mi-4

Local Area Statistics

Population in OL11

45,506

Population in Rochdale

128,851

Town centre distance

2.88 miles away

Nearest school

0.40 miles away

Nearest train station

2.75 miles away

 

 

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £250,000

August 22, 2024

Floor Plans

Description

  • Semi-Detached House +
  • In Need Of Modernisation +
  • Five Bedrooms +
  • Two Reception Rooms +
  • Three-Piece Bathroom +
  • Elevated Position +
  • Fantastic Potential +
  • Highly Sought-After Location +
  • South-West Facing Rear Garden +
  • Driveway & Garage +

Situated on a sought-after development, this SEMI-DETACHED HOUSE requires some modernisation but offers a fantastic potential! The home gives easy access to the village amenities including cafes, pubs, bars and restaurants whilst also within easy reach of some excellent local primary schools. Conveniently situated for easy access into Rochdale and Bury town centres whilst also only a short drive from the motorway network.

Internally, the property offers deceptively spacious living accommodation comprising of an entrance porch, hall, TWO RECEPTION ROOMS, a breakfast kitchen, FIVE BEDROOMS and a three-piece bathroom. The property benefits from having gas central heating and double glazing throughout.

Set in an elevated position, the home has a flat garden at the front and driveway to the side providing ample off-road parking. A larger than average single garage is located at the end of the driveway. The garden at the rear is South-West facing, well-stocked and fully enclosed.

The property is FREEHOLD!

Agent Details

Reside Estate Agency, Rochdale

01706 335427

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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