3 Bed Terraced House, Refurb/BRRR, Rochdale, OL11 3PY, £169,950

New Barn Lane, Rochdale, OL11 3PY - 3 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~93 m²

ValuationFair Value

Sold Prices£76K - £310K
Sold Prices/m²£962/m² - £3.5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£171,650

 

 

End Value (After Refurb)

£150,105

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,488

Stamp Duty & Legal Fees

£6,299

Refurb Costs

£39,324

Bridging Loan Interest

£4,461

Total Cash In

£94,321

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£150,105

Mortgage (After Refinance)

£112,579

Mortgage LTV

75%

Cash Left In

£94,321

Equity

£37,526

Rent Range

£850 - £3,500

Rent Estimate

£1,135

Running Costs/mo

£716

Cashflow/mo

£419

Cashflow/yr

£5,027

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £76K to £310K, average is £175.5K. £962/m² to £3.5K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£178K03/230.04 mi33, High Barn Close, Rochdale, Greater Manchester OL11 3PW3
£179.9K03/210.1 mi8, Ribble Street, Rochdale, Greater Manchester OL11 3QF3
£135K02/210.11 mi55, Cheltenham Street, Rochdale, Greater Manchester OL11 3QJ3
£150K08/230.11 mi47, Cheltenham Street, Rochdale, Greater Manchester OL11 3QJ3
£142K08/210.12 mi8, Perry Close, Rochdale, Greater Manchester OL11 4NJ3
£180K02/230.13 mi260, Manchester Road, Rochdale, Greater Manchester OL11 4LX3
£185K01/240.13 mi290, Manchester Road, Rochdale, Greater Manchester OL11 4LX3
£137K12/220.14 mi2, Westminster Street, Rochdale, Greater Manchester OL11 4NA3
£102.5K04/240.18 mi32, Westminster Street, Rochdale, Greater Manchester OL11 4NA3
£295K08/230.18 mi6, Kemp Avenue, Rochdale, Greater Manchester OL11 4LR3
£200K12/200.2 mi6, Convent Grove, Rochdale, Greater Manchester OL11 4LT3
£140K06/230.21 mi10, Ashton Gardens, Rochdale, Greater Manchester OL11 3SG3
£80K08/210.21 mi29, Holborn Street, Rochdale, Greater Manchester OL11 4NF3
£76K11/200.25 mi34, Finsbury Street, Rochdale, Greater Manchester OL11 4ND3
£180K05/240.29 mi24, Holborn Street, Rochdale, Greater Manchester OL11 4QB3
£125K11/200.3 mi56, Fenton Street, Rochdale, Greater Manchester OL11 3TH3
£138K04/240.31 mi20, Disley Street, Rochdale, Greater Manchester OL11 4PU3
£125K03/230.31 mi22, Disley Street, Rochdale, Greater Manchester OL11 4PU3
£182K02/240.31 mi1, Disley Street, Rochdale, Greater Manchester OL11 4PU3
£112K11/200.31 mi29, Sudley Road, Rochdale, Greater Manchester OL11 4PY3
£125K06/210.33 mi3, Disley Street, Rochdale, Greater Manchester OL11 4PU3
£88K12/200.35 mi17, Law Street, Rochdale, Greater Manchester OL11 4PT3
£88K12/200.35 mi17, Law Street, Rochdale, Greater Manchester OL11 4PT3
£215K10/230.36 mi9, Dunlop Avenue, Rochdale, Greater Manchester OL11 2NG3
£200K08/230.36 mi10, Dunlop Avenue, Rochdale, Greater Manchester OL11 2NG3
£220K06/230.36 mi1, Dunlop Avenue, Rochdale, Greater Manchester OL11 2NG3
£150K03/210.36 mi27, Dunlop Avenue, Rochdale, Greater Manchester OL11 2NG3
£210K06/240.36 mi4, Dunlop Avenue, Rochdale, Greater Manchester OL11 2NG3
£205K08/230.36 mi17, Dunlop Avenue, Rochdale, Greater Manchester OL11 2NG3
£130K01/210.38 mi151, Holborn Street, Rochdale, Greater Manchester OL11 4QE3
£246K01/230.4 mi40, Marigold Street, Rochdale, Greater Manchester OL11 1RJ3
£200K02/240.4 mi36, Marigold Street, Rochdale, Greater Manchester OL11 1RJ3
£163K01/230.41 mi69, Boundary Street, Rochdale, Greater Manchester OL11 3TG3
£115K04/240.42 mi71, Rouse Street, Rochdale, Greater Manchester OL11 4PG3
£90K08/210.44 mi82, Tweedale Street, Rochdale, Greater Manchester OL11 3TZ3
£190K05/240.44 mi201, Queensway, Rochdale, Greater Manchester OL11 2NA3
£155K11/200.45 mi27, Ashley Close, Rochdale, Greater Manchester OL11 3EP3
£193K03/230.45 mi26, Ashley Close, Rochdale, Greater Manchester OL11 3EP3
£215K07/230.45 mi3, Ashley Close, Rochdale, Greater Manchester OL11 3EP3
£175K04/210.46 mi30, Hartley Lane, Rochdale, Greater Manchester OL11 2NL3
£223.5K01/210.47 mi8, The Woods, Rochdale, Greater Manchester OL11 3NT3
£149K06/230.47 mi92, Deeplish Road, Rochdale, Greater Manchester OL11 1PQ3
£170K05/240.53 mi14, Digby Road, Rochdale, Greater Manchester OL11 1TR3
£210K12/230.54 mi38, Darlington Road, Rochdale, Greater Manchester OL11 2LL3
£275K11/220.55 mi42, Lawnswood, Rochdale, Greater Manchester OL11 3HB3
£130K09/230.56 mi119, Milkstone Road, Rochdale, Greater Manchester OL11 1NU3
£176K01/210.57 mi16, Dacre Road, Rochdale, Greater Manchester OL11 2LH3
£190K02/240.57 mi127, Queensway, Rochdale, Greater Manchester OL11 2LE3
£310K11/220.57 mi78, Birchfield Drive, Rochdale, Greater Manchester OL11 4NY3
£275K06/210.57 mi11, Birchfield Drive, Rochdale, Greater Manchester OL11 4NY3

Local Rents

39 rents from £850/mo to £3.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,30012/240.13 mi-3
£1,30010/240.4 mi-3
£3,50012/240.47 mi-3
£90012/240.51 mi-3
£90012/240.51 miMere Street, Rochdale, OL113
£1,10012/240.54 miDarlington Road, Rochdale, Greater Manchester, OL113
£1,50002/240.64 mi-3
£1,40012/240.64 mi-3
£1,40012/230.68 mi-3
£1,40012/230.68 mi-3
£99504/250.69 mi-3
£99512/240.7 mi-3
£99512/240.7 mi-3
£99512/240.7 mi-3
£1,00012/240.84 mi-3
£90012/240.85 mi-3
£90012/240.85 mi-3
£1,20006/240.86 mi-3
£1,20006/240.86 mi-3
£1,20012/240.93 mi-3
£1,20003/250.93 mi-3
£95012/240.93 miFurther Pits, Rochdale, Greater Manchester, OL113
£1,19503/250.97 mi-3
£85005/240.98 mi-3
£99506/241 mi-3
£1,22504/251.04 mi-3
£1,10005/241.08 mi-3
£1,08012/241.09 mi-3
£1,45006/241.09 mi-3
£1,36003/251.09 mi-3
£1,45006/241.09 miHill Top Drive, Rochdale, OL113
£93510/241.1 mi-3
£1,10012/241.14 miBroad Lane, Rochdale, OL163
£1,10012/241.14 mi-3
£1,15002/251.14 mi-3
£1,05012/241.15 mi-3
£1,10012/241.17 mi-3
£1,10004/251.19 mi-3
£1,20004/251.23 mi-3

Local Area Statistics

Population in OL11

45,506

Population in Rochdale

128,851

Town centre distance

1.64 miles away

Nearest school

0.20 miles away

Nearest train station

0.65 miles away

 

 

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £169,950

September 24, 2024

Floor Plans

Description

  • No Chain +
  • Substantial Extended Double Fronted Property +
  • Extended Kitchen Diner +
  • Cellar +
  • Block Paved Patio & Gated Rear Yard +
  • On Street Parking +
  • Modernisation Required +
  • Family Home +

Introducing this substantial extended double fronted property which presents a promising opportunity for those seeking a spacious family home. Offered with no chain and boasting a layout that includes three bedrooms, two reception rooms, and an extended kitchen diner. Additional features include a cellar, original features, gas central heating & UPVC double glazing. With its combination of a charming façade, versatile indoor layout, and outdoor amenities, this property offers a wonderful opportunity for potential homeowners to create a personalised living space that suits their needs while enjoying a convenient location close to amenities and transport links. With modernisation required, this property offers endless potential for buyers looking to create their dream family home in a sought-after location.

EPC Rating: E

Agent Details

Revilo Homes, Rochdale

01706 335864

Next Steps?

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

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