2 Bed Flat, Single Let, Rochdale, OL12 9EU, £180,000

Birch Hill Clock Tower, Oakhurst Drive, OL12 9EU - 2 views - 8 months ago

Leasehold
BTL
~73 m²
+9 photos

ValuationOvervalued

Sold Prices£66.5K - £225K
Sold Prices/m²£1.1K/m² - £2.7K/m²

 

 

Square Metres

~72.80 m²
Price/m²£2.5K/m²

Value Estimate

£138,398

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£10,200

Total Cash In

£55,200

 

 

Cash Out

 

Rent Range

£595 - £1,450

Rent Estimate

£625

Running Costs/mo

£708

Cashflow/mo

£-82

Cashflow/yr

£-990

Gross Yield

4%

Local Sold Prices

36 sold prices from £66.5K to £225K, average is £115K. £1.1K/m² to £2.7K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£86K07/220.19 mi14, Birch View, Rochdale, Greater Manchester OL12 9PZ2
£100K09/220.19 mi2, Birch View, Rochdale, Greater Manchester OL12 9PZ2
£89K08/230.19 mi22, Birch View, Rochdale, Greater Manchester OL12 9PZ2
£140K02/220.32 miFlat 1, Ashley Dearnley Court, New Road, Littleborough, Greater Manchester OL15 8QY2
£90K10/230.48 mi26, Ash Close, Rochdale, Greater Manchester OL12 9AN2
£152.5K10/220.62 mi21, Mill Fold Gardens, Littleborough, Greater Manchester OL15 8SA2
£133K07/210.63 mi53, Mill Fold Gardens, Littleborough, Greater Manchester OL15 8SA2
£139K12/200.63 mi47, Mill Fold Gardens, Littleborough, Greater Manchester OL15 8SA2
£150K06/210.63 mi39, Mill Fold Gardens, Littleborough, Greater Manchester OL15 8SA2
£66.5K10/220.68 miFlat 26, Kingfisher Court, Great Howarth, Rochdale, Greater Manchester OL12 9HD2
£67K08/220.68 miFlat 23, Kingfisher Court, Great Howarth, Rochdale, Greater Manchester OL12 9HD2
£86K07/240.71 miShaw Lodge, Apartment 1, Lodge Street, Wardle, Rochdale, Greater Manchester OL12 9JQ2
£115K03/220.89 miApartment 8, Textile Mills, Clegg Hall Road, Littleborough, Greater Manchester OL15 0AF2
£93K02/210.98 mi28, Henderville Street, Littleborough, Greater Manchester OL15 9HJ2
£75K08/211.08 mi60, Eafield Road, Rochdale, Greater Manchester OL16 2TH2
£75K08/211.08 mi60, Eafield Road, Rochdale, Greater Manchester OL16 2TH2
£225K09/211.11 mi15, Park View, Littleborough, Greater Manchester OL15 9BN2
£225K09/211.11 mi15, Park View, Littleborough, Greater Manchester OL15 9BN2
£129.9K12/201.16 mi1, Ballard Close, Littleborough, Greater Manchester OL15 9HN2
£135K04/231.53 mi41, Gale Close, Littleborough, Greater Manchester OL15 9EJ2
£115K07/211.53 mi6, Gale Close, Littleborough, Greater Manchester OL15 9EJ2
£115K03/231.53 mi37, Gale Close, Littleborough, Greater Manchester OL15 9EJ2
£125K08/231.53 mi14, Gale Close, Littleborough, Greater Manchester OL15 9EJ2
£108K11/231.53 mi53, Gale Close, Littleborough, Greater Manchester OL15 9EJ2
£115K02/221.53 mi7, Gale Close, Littleborough, Greater Manchester OL15 9EJ2
£120K12/211.53 mi45, Gale Close, Littleborough, Greater Manchester OL15 9EJ2
£115K07/211.54 mi6, Gale Close, Littleborough, Greater Manchester OL15 9EJ2
£107K11/201.65 mi39, Newbold Hall Gardens, Rochdale, Greater Manchester OL16 3AL2
£121K01/241.69 mi44, Jacob Bright Mews, Rochdale, Greater Manchester OL12 6JF2
£120K04/211.69 mi36, Jacob Bright Mews, Rochdale, Greater Manchester OL12 6JF2
£96.7K11/231.69 mi5, Jacob Bright Mews, Rochdale, Greater Manchester OL12 6JF2
£115K08/221.7 mi8, Jacob Bright Mews, Rochdale, Greater Manchester OL12 6JF2
£122.5K11/221.7 mi12, Jacob Bright Mews, Rochdale, Greater Manchester OL12 6JF2
£177K04/221.93 mi4, Moorhouse Farm, Milnrow, Rochdale, Greater Manchester OL16 4BS2
£135K07/211.93 mi2, Moorhouse Farm, Milnrow, Rochdale, Greater Manchester OL16 4BS2
£108K11/201.93 mi5, Moorhouse Farm, Milnrow, Rochdale, Greater Manchester OL16 4BS2

Local Rents

22 rents from £595/mo to £1.4K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£85012/230.19 mi-2
£72005/240.19 mi-2
£59506/240.21 miNew Road Dearnley.2
£62506/240.26 mi-2
£79506/240.34 mi17 Oliver Close, Littleborough OL15 8NH 2
£70010/240.5 mi-2
£80003/250.5 mi-2
£85006/240.54 miExcelsior Terrace, Littleborough, OL152
£79506/240.7 miFern Street, Wardle, Rochdale, OL122
£72512/240.76 miWindham Street, Rochdale, Greater Manchester, OL162
£73010/240.79 mi-2
£70007/230.83 mi-2
£79511/240.83 mi-2
£82512/240.85 mi-2
£1,20001/250.96 mi-2
£72506/241 miGreenwood Street, Littleborough, Rochdale, OL152
£85011/241 mi-2
£75012/241.06 mi-2
£92512/241.17 miBrookside Grange, Rochdale, OL162
£77512/241.19 mi-2
£90003/251.23 mi-2
£1,45006/241.24 miTown House Farm, Town House Road, OL152

Local Area Statistics

Population in OL12

45,900

Population in Rochdale

128,851

Town centre distance

1.51 miles away

Nearest school

0.10 miles away

Nearest train station

0.56 miles away

 

 

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Listed for £180,000

August 27, 2024

Floor Plans

Description

  • Investment BTL Opportunity +
  • Tenant In Situ Until June 2025 +
  • Current Rent £850PCM +
  • Gross Yield 5.67% +
  • Two Bedrooms +
  • En Suite to Master +
  • Sought After Development +
  • Ideal Location +
  • Council Tax - Band B +
  • EPC - D +

SUMMARY
INVESTMENT PURCHASE - TENANT IN SITU

Martin & Co are delighted to present FOR SALE this stunning , TWO BEDROOM, TWO BATHROOM GROUND FLOOR APARTMENT located within the tastefully restored and iconic Birch Hill.

Perfect investment opportunity with Tenant in situ paying £850pcm with a yield of 5.67%

The apartment comprises of a fully fitted kitchen with integrated appliances, a good sized lounge, one double bedroom with fitted wardrobe space and a fully fitted modern bathroom suite.

Externally the property has allocated parking for one plus visitors spaces.  

LOUNGE/KITCHEN 14' 4" x 26' 2" (4.37m x 7.98m)
Fitted kitchen with a range of modern base and wall units, integrated oven, halogen hob, extractor fan, washer / dryer, full height fridge / freezer and stainless steel sink / drainer. The lounge area has carpet flooring, two large UPVC windows and a radiator. 

BEDROOM ONE 9' 3" x 13' 5" (2.82m x 4.09m)
Double bedroom with neutral decor, carpet flooring, fitted wardrobes, two UPVC windows and a radiator  

ENSUITE 9' 3" x 3' 11" (2.82m x 1.19m)
3 piece suite, tiled, upvc, radiator 

BEDROOM TWO 11' 7" x 10' 11" (3.53m x 3.33m)
Double bedroom with neutral decor, carpet flooring, UPVC windows and a radiator  

BATHROOM 7' 9" x 6' 5" (2.36m x 1.96m)
Modern fitted bathroom suite with a three piece white suite, electric shower, glass screen, mirror and vinyl flooring  

EXTERNAL
Externally there is an allocated parking space for one plus visitors spaces  

TENANCY INFORMATION
For any further information in relation to the tenancy, please call the office and we will be happy to help.

As Martin & Co currently manage the property / tenancy, we can facilitate a smooth transfer of the tenancy to the new landlord and continue to manage the property for you, providing a true turn key investment. 

NEED A MORTGAGE
Why be restricted to your current or high street lenders rates?

Especially when Martin & Co can introduce you to our Mortgage Advisor with access to a comprehensive panel of over 80 lenders, including a range of off market products, offering potential savings against your current lender.

Call today to arrange a ten-minute (no obligation) telephone consultation (at a time to suit you)

One quick call could potentially save you thousands of pounds over the course of your mortgage.

Please remember, your home is at risk if you do not keep up with your mortgage repayments. 

THINKING OF SELLING
At Martin & Co we have over 25 years' experience working with landlords, tenants, sellers, buyers and investors.

We have over 160 owner managed offices throughout the UK ready to help you let a property, rent a new home, buy or sell.

Don't take our word for it, let our actions convince you!!

Martin & Co Rochdale and Bury are licensed and regulated by The Property Ombudsman, ARLA and NAEA Propertymark for your peace of mind.

Please contact our office today to discuss your individual requirements, or to arrange a free no obligation valuation.  

RESERVATION FEE
Should you be successful in your offer to purchase the property and in order to place the property "under offer", you may be required to complete a reservation agreement and pay a (refundable at completion) reservation fee, details available upon request. 

KEY FACTS FOR BUYERS
To view our Keys Fact for Buyers report which contains information specific to the property, please open or download the brochure 

CERTIFICATES
There is an EICR in place which expires November 2026.

Agent Details

Martin & Co, Rochdale & Oldham

01706 335881

Next Steps?

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