4 Bed HMO, Oldham, OL9 7HA £165,000

440 Stanley Road, Chadderton, Oldham, OL9 7HA - 6 views - a year ago
Sold STC
Leasehold
HMO
Cash
ROI: 5%
~129 m²
Property image

ValuationFair Value

Sold Prices£80K - £450K
Sold Prices/m²£708/m² - £4.1K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.3K/m²

Value Estimate

£165,000

 

 

End Value (After Refurb)

£245,104

Uplift in Value

+49%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£10,250

Refurb Costs

£60,000

Bridging Loan Interest

£4,331

Total Cash In

£117,581

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£245,104

Mortgage (After Refinance)

£183,828

Mortgage LTV

75%

Cash Released

£60,078

Cash Left In

£57,503

Equity

£61,276

Room Rate

£550

Gross Rent

£2,200

Running Costs/mo

£1,687

Cashflow/mo

£513

Cashflow/yr

£6,161

ROI

5%

Gross Yield

16%

Local Sold Prices

36 sold prices from £80K to £450K, average is £250K. £708/m² to £4.1K/m², average is £2.1K/m².

Price
Date
Distance
Address
Beds
 
£200K07/230.35 mi5, Richmond Avenue, Chadderton, Oldham, Greater Manchester OL9 8LH4
£200K02/250.42 mi193, Block Lane, Chadderton, Oldham, Greater Manchester OL9 7SD4
£250K05/210.47 mi176, Block Lane, Chadderton, Oldham, Greater Manchester OL9 7SB4
£347K08/240.47 mi30, Mona Road, Oldham OL9 8NS4
£90K03/240.47 mi11, Turf Lane, Chadderton, Oldham, Greater Manchester OL9 8HL4
£160K09/210.5 mi269, Heron Street, Oldham, Greater Manchester OL8 4EA4
£80K10/230.5 mi25, Monmouth Street, Oldham, Greater Manchester OL9 7RL4
£185K10/240.52 mi24, Barmouth Walk, Oldham OL8 4SH4
£250K10/230.54 mi1, Ravenside Park, Chadderton, Oldham, Greater Manchester OL9 8PA4
£300K01/250.62 mi16, Fox Park Road, Oldham OL8 3NB4
£300K01/250.62 mi16, Fox Park Road, Oldham OL8 3NB4
£450K11/230.62 mi27, Kensington Road, Oldham, Greater Manchester OL8 4BZ4
£198K02/230.63 mi4, Newport Street, Oldham, Greater Manchester OL8 4AJ4
£255K02/250.63 mi90, Chestnut Street, Chadderton, Oldham, Greater Manchester OL9 8HF4
£295K03/250.66 mi42, Repton Avenue, Oldham OL8 4JB4
£225K09/210.7 mi150, Denton Lane, Chadderton, Oldham, Greater Manchester OL9 8PS4
£267K07/230.71 mi23, Harrow Avenue, Oldham, Greater Manchester OL8 4HY4
£265K05/230.76 mi100, Montgomery Street, Oldham, Greater Manchester OL8 3PS4
£206K04/250.82 mi13, North Gate, Oldham OL8 3AE4
£288K01/250.83 mi30, Thatch Leach, Chadderton, Oldham, Greater Manchester OL9 9QX4
£275K03/250.85 mi3, The Croft, Oldham OL8 3AL4
£275K03/250.85 mi3, The Croft, Oldham OL8 3AL4
£375K08/220.85 mi4, The Croft, Oldham, Greater Manchester OL8 3AL4
£350K02/230.87 mi20, Middle Gate, Oldham, Greater Manchester OL8 3AH4
£235K07/210.89 mi8, Meadow Lane, Oldham, Greater Manchester OL8 3AQ4
£181.5K06/230.91 mi661, Oldham Road, Failsworth, Manchester, Greater Manchester M35 9AS4
£210K12/220.93 mi26, Whitebank Road, Oldham, Greater Manchester OL8 3JH4
£160K09/210.94 mi105, Elm Road, Oldham, Greater Manchester OL8 3LB4
£325K03/220.95 mi7, Howardian Close, Oldham, Greater Manchester OL8 3WE4
£430K12/220.95 mi15, Howardian Close, Oldham, Greater Manchester OL8 3WE4
£165K04/250.95 mi89, Butterworth Lane, Chadderton OL9 8DX4
£165K04/250.95 mi89, Butterworth Lane, Chadderton OL9 8DX4
£285K11/210.98 mi22, Howgill Crescent, Oldham, Greater Manchester OL8 3WA4
£372.5K08/250.98 mi6, Leith Place, Oldham OL8 3WG4
£151K10/210.98 mi17, Camberwell Street, Oldham, Greater Manchester OL8 1BL4
£88.1K06/230.99 mi16, Alvingham Avenue, Oldham, Greater Manchester OL8 1RA4

Local Area Statistics

Population in OL9

40,528

Population in Oldham

182,174

Town centre distance

2.29 miles away

Nearest school

0.10 miles away

Nearest train station

0.61 miles away

 

 

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+59%

Property History

Listed for £165,000

September 20, 2024

Floor Plans

Property image

Description

  • CASH BUYERS ONLY +
  • HOUSE IN MULTIPLE OCCUPATION +
  • 4 EN-SUITE BEDROOMS +
  • FITTED KITCHEN +
  • ELECTRIC HEATING +
  • UPVC DOUBLE GLAZING +
  • REAR YARD +
  • CONVENIENT LOCATION +
  • SHORT DISTANCE FROM TRAM AND BUS STOPS +
  • EPC RATING C +

CASH BUYERS ONLY Welcome to this property located on Stanley Road in the heart of Chadderton, Oldham. This delightful mid-terrace house boasts 4 spacious bedrooms, each with its own en-suite bathroom, making it a perfect investment opportunity for those looking to venture into the world of HMO properties.

The conversion was completed in 2019 and the property is currently vacant, there are some cosmetic works required

The house features a gas central heating system, ensuring warmth and comfort throughout the property. Its convenient location near tram and bus stops provides easy access to transportation, making daily commutes a breeze for residents.

Whether you are looking to expand your property portfolio or searching for a new home with ample space, this property offers great potential..

Contact us today to arrange a viewing and discover the endless possibilities this property on Stanley Road has to offer. EPC Rating C

Entrance Hallway - Upvc entrance door. Emergency lighing.

Bedroom 1 - 3.4m x 2.4m (11'1" x 7'10") - Upvc double glazed window, radiator.

En Suite - Corner shower cubicle, wash hand basin and low level wc.

Bedroom 2 - 3.5m x 2.8m (11'5" x 9'2") - Upvc double glazed window.

En Suite - Corner shower cubicle, wash hand basin and low level wc.

Kitchen - 3.0m x 2.0m (9'10" x 6'6") - Fitted wall and base units with work surfaces and tiled splashback. Electric oven, hob and extractor hood. Upvc double glazed window, Upvc door leading to rear.

Bedroom 3 - 4.4m x 3.7m (max) (14'5" x 12'1" (max)) - Upvc double glazed window.

En Suite - Corner shower cubicle, wash hand basin and low level wc.

Bedroom 4 - 4.4m x 2.6m (14'5" x 8'6") - Upvc double glazed window.

En Suite - Corner shower cubicle, wash hand basin and low level wc.

Externally - Small forecourt to the front with enclosed yard to the rear.

Material Information - Oldham - Tenure Type; Leasehold
Leasehold Years remaining on lease; 972
Leasehold Ground Rent Amount, £25.00
Council Tax Banding; A

Agent Details

Hunters, Oldham

0161 524 7876

Next Steps?

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