3 Bed Terraced House, Refurb/BRRR, Rochdale, OL12 7JD, £140,000

Mountain Ash, Rochdale, OL12 7JD 7JA - 7 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 4%
~68 m²
+5 photos

ValuationFair Value

Sold Prices£100K - £325K
Sold Prices/m²£1.3K/m² - £4.1K/m²

 

 

Square Metres

~68.22 m²
Price/m²£2.1K/m²

Value Estimate

£140,000

 

 

End Value (After Refurb)

£160,518

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Refurb Costs

£28,755

Bridging Loan Interest

£3,675

Total Cash In

£77,380

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£160,518

Mortgage (After Refinance)

£120,388

Mortgage LTV

75%

Cash Released

£15,388

Cash Left In

£61,992

Equity

£40,129

Rent Range

£850 - £1,225

Rent Estimate

£1,009

Running Costs/mo

£723

Cashflow/mo

£286

Cashflow/yr

£3,427

ROI

4%

Gross Yield

9%

Local Sold Prices

50 sold prices from £100K to £325K, average is £215K. £1.3K/m² to £4.1K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£118K04/210 mi31, Mountain Ash, Rochdale, Greater Manchester OL12 7JD3
£172K10/230.04 mi94, Mountain Ash, Rochdale, Greater Manchester OL12 7JF3
£175.5K11/210.04 mi118, Mountain Ash, Rochdale, Greater Manchester OL12 7JF3
£275K09/230.06 mi32, Elmpark View, Rochdale, Greater Manchester OL12 7JR3
£200K02/230.09 mi5, Elmpark Way, Rochdale, Greater Manchester OL12 7JQ3
£175K08/210.12 mi29, Elmpark Way, Rochdale, Greater Manchester OL12 7JQ3
£242.5K07/210.13 mi563, Rooley Moor Road, Rochdale, Greater Manchester OL12 7JG3
£270K08/210.13 mi588, Rooley Moor Road, Rochdale, Greater Manchester OL12 7JG3
£225K04/210.13 mi598, Rooley Moor Road, Rochdale, Greater Manchester OL12 7JG3
£280K12/230.13 mi598, Rooley Moor Road, Rochdale, Greater Manchester OL12 7JG3
£275K12/220.18 mi72, Elmpark Grove, Rochdale, Greater Manchester OL12 7JT3
£200K06/210.18 mi64, Elmpark Grove, Rochdale, Greater Manchester OL12 7JT3
£267K12/200.18 mi78, Elmpark Grove, Rochdale, Greater Manchester OL12 7JT3
£180K02/210.2 mi14, Rowan Close, Rochdale, Greater Manchester OL12 7JL3
£193K02/210.2 mi7, Rowan Close, Rochdale, Greater Manchester OL12 7JL3
£210K07/230.2 mi18, Whitemoss, Rochdale, Greater Manchester OL12 7GF3
£249K09/210.2 mi8, Whitemoss, Rochdale, Greater Manchester OL12 7GF3
£215K04/240.2 mi11, Whitemoss, Rochdale, Greater Manchester OL12 7GF3
£250K05/210.21 mi16, Stonehill Drive, Rochdale, Greater Manchester OL12 7JN3
£100K11/200.23 mi29, Stonehill Road, Rochdale, Greater Manchester OL12 7JJ3
£220K05/230.23 mi38, Thornlea Drive, Rochdale, Greater Manchester OL12 7GD3
£170K03/210.25 mi12, Harland Way, Rochdale, Greater Manchester OL12 7GQ3
£249.9K08/210.26 mi5, Downley Close, Rochdale, Greater Manchester OL12 7GJ3
£215K11/230.26 mi2, Downley Close, Rochdale, Greater Manchester OL12 7GJ3
£135K04/240.27 mi89, Brotherod Hall Road, Rochdale, Greater Manchester OL12 7ED3
£161K02/210.29 mi4, Brackenlea Fold, Rochdale, Greater Manchester OL12 7GG3
£145K02/230.29 mi3, Ings Avenue, Rochdale, Greater Manchester OL12 7LH3
£235K12/220.29 mi8, Hargate Avenue, Rochdale, Greater Manchester OL12 7GL3
£270K12/230.29 mi4, Hargate Avenue, Rochdale, Greater Manchester OL12 7GL3
£225K06/230.29 mi15, Hargate Avenue, Rochdale, Greater Manchester OL12 7GL3
£207K03/210.33 mi400, Shawclough Road, Rochdale, Greater Manchester OL12 7HR3
£225K02/210.33 mi403a, Shawclough Road, Rochdale, Greater Manchester OL12 7HR3
£291K08/230.33 mi403, Shawclough Road, Rochdale, Greater Manchester OL12 7HR3
£250K02/230.33 mi14, Stocksgate, Rochdale, Greater Manchester OL12 7LW3
£210K08/210.34 mi22, Stocksgate, Rochdale, Greater Manchester OL12 7LW3
£225K08/230.34 mi38, Stocksgate, Rochdale, Greater Manchester OL12 7LW3
£180K03/210.34 mi36, Stocksgate, Rochdale, Greater Manchester OL12 7LW3
£242K05/240.34 mi10, Stocksgate, Rochdale, Greater Manchester OL12 7LW3
£325K02/210.36 mi1, Judith Street, Rochdale, Greater Manchester OL12 7HS3
£207K02/210.4 mi4, Columbine Close, Rochdale, Greater Manchester OL12 7UJ3
£195K04/210.42 mi35, Coppingford Close, Rochdale, Greater Manchester OL12 7PR3
£235K04/230.42 mi20, Coppingford Close, Rochdale, Greater Manchester OL12 7PR3
£197.5K02/210.42 mi18, Coppingford Close, Rochdale, Greater Manchester OL12 7PR3
£135K08/230.44 mi7, Shawclough Way, Rochdale, Greater Manchester OL12 7HF3
£230K12/200.44 mi29, Shawclough Way, Rochdale, Greater Manchester OL12 7HF3
£182.5K09/210.46 mi29, The Windrush, Rochdale, Greater Manchester OL12 6DY3
£200K01/210.46 mi45, The Windrush, Rochdale, Greater Manchester OL12 6DY3
£270K06/230.47 mi12, Willowmead Way, Rochdale, Greater Manchester OL12 7PX3
£230K04/240.48 mi16, Cottage Walk, Rochdale, Greater Manchester OL12 6DZ3
£215K07/240.48 mi4, Cottage Walk, Rochdale, Greater Manchester OL12 6DZ3

Local Rents

20 rents from £850/mo to £1.2K/mo, average is £963/mo.

RentDateDistanceAddressBeds 
£92501/250.02 mi-3
£1,07512/240.02 miMOUNTAIN ASH, Rooley Moor, Rochdale OL12 7JE3
£90006/240.18 miRooley Moor Road, Rochdale3
£99512/240.52 miShawclough Road, Shawclough3
£97506/240.64 miGreat Flatt, Rochdale3
£87511/240.68 mi-3
£1,00003/250.85 mi-3
£95006/240.97 mi-3
£90006/241 mi52 Whitefield Avenue, Norden OL11 5YG3
£99506/241.01 miShelfield Lane Norden. 3
£85010/231.02 mi-3
£1,22504/251.05 mi-3
£99506/241.07 mi-3
£95006/241.08 mi-3
£95010/241.08 mi-3
£95012/241.16 miFurther Pits, Rochdale, Greater Manchester, OL113
£1,20012/241.16 mi-3
£1,20003/251.16 mi-3
£89509/241.19 mi-3
£1,20003/241.21 mi-3

Local Area Statistics

Population in OL12

45,900

Population in Rochdale

128,851

Town centre distance

1.55 miles away

Nearest school

0.30 miles away

Nearest train station

1.63 miles away

 

 

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Price changed to £140,000

January 3, 2025

Listed for £149,950

September 10, 2024

Floor Plans

Description

  • NO CHAIN: THREE BEDROOM TERRACED HOME +
  • FANTASTIC OPPORTUNITY / PROJECT +
  • IN NEED OF MODERNISATION +
  • OPEN PLAN LOUNGE / DINING ROOM +
  • KITCHEN +
  • THREE BEDROOMS +
  • FAMILY BATHROOM +
  • LAWN GARDENS TO FRONT & BACK +
  • ON STREET PARKING +
  • VIEWINGS ESSENTIAL TO APPRECIATE THE OPPORTUNITY +

NO CHAIN: FANTASTIC OPPORTUNITY, IN NEED OF MODERNISATION, THREE BEDROOM TERRACED HOME, OPEN PLAN LOUNGE / DINING ROOM, BENEFITTING FROM LAWN GARDENS TO THE FRONT AND REAR, OPEN ASPECT VIEWS, FANTASTIC LOCATION CLOSE TO LOCAL AMENITIES.
Andrew Kelly and Associates are extremely delighted to offer for sale with NO CHAIN: this THREE BEDROOM terraced home, situated in a convenient location, close to Catley Lane Head, Norden & Bamford, only minutes from Rochdale, Heywood and Bury, which provides a good selection of local amenities including a number of independent shops, excellent schools, bars and restaurants close to the Motorway network with easy access to Leeds, Manchester, and Liverpool. This property sits in a semi-rural location offering some fantastic scenic walks within the surrounding countryside. The accommodation needs modernisation however benefits from gas central heating and double glazing throughout, comprising briefly of an entrance hallway, open plan lounge/diner and a kitchen with access to the rear garden. To the first floor there are THREE BEDROOMS (master with fitted wardrobes) and a three-piece bathroom / shower room. Externally to the front and back of the home are beautifully presented lawn gardens with well-stocked borders and a wooden shed to the rear.
VIEWINGS COME HIGHLY RECOMMENDED TO FULLY APPRECIATE OPPORTUNITY TO MODERNISE AND PUT YOUR OWN STAMP ON A SUPERB FAMILY HOME IN A FANTASTIC LOCATION.

Agent Details

Andrew Kelly, Rochdale and Surrounding

01706 335876

Next Steps?

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