2 Bed Terraced House, Refurb/BRRR, Rochdale, OL12 8QN, £120,000

Market Street, Whitworth, Rochdale, OL12 8QN - 1 views - 7 months ago

Leasehold
Refurb/BRRR
ROI: 4%
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£75K - £230K
Sold Prices/m²£765/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£111,821

 

 

End Value (After Refurb)

£122,197

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£28,709

Bridging Loan Interest

£3,150

Total Cash In

£70,809

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£122,197

Mortgage (After Refinance)

£91,648

Mortgage LTV

75%

Cash Released

£1,648

Cash Left In

£69,161

Equity

£30,549

Rent Range

£625 - £975

Rent Estimate

£789

Running Costs/mo

£560

Cashflow/mo

£229

Cashflow/yr

£2,752

ROI

4%

Gross Yield

8%

Local Sold Prices

48 sold prices from £75K to £230K, average is £127.5K. £765/m² to £4.4K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£130K06/230.05 mi493, Market Street, Whitworth, Rochdale, Lancashire OL12 8QN2
£155K10/230.05 mi517, Market Street, Whitworth, Rochdale, Lancashire OL12 8QN2
£80K03/210.07 mi370, Market Street, Whitworth, Rochdale, Lancashire OL12 8QL2
£75K08/210.07 mi407, Market Street, Whitworth, Rochdale, Lancashire OL12 8QL2
£75K08/210.07 mi407, Market Street, Whitworth, Rochdale, Lancashire OL12 8QL2
£103K02/210.07 mi405, Market Street, Whitworth, Rochdale, Lancashire OL12 8QL2
£161K03/230.12 mi15, William Street, Whitworth, Rochdale, Lancashire OL12 8AT2
£150K06/230.2 mi19, Church Street, Whitworth, Rochdale, Lancashire OL12 8QG2
£134K07/240.2 mi15, Taylor Street, Whitworth, Rochdale, Lancashire OL12 8PT2
£115K11/200.21 mi581, Market Street, Whitworth, Rochdale, Lancashire OL12 8QS2
£125K02/230.26 mi21, Union Street, Whitworth, Rochdale, Lancashire OL12 8PR2
£115K01/230.27 mi6, Victoria Street, Whitworth, Rochdale, Lancashire OL12 8PL2
£92.5K12/200.27 mi36, Acre Street, Whitworth, Rochdale, Lancashire OL12 8QT2
£105K12/200.27 mi2, Princess Street, Whitworth, Rochdale, Lancashire OL12 8PN2
£105K02/210.27 mi7, Princess Street, Whitworth, Rochdale, Lancashire OL12 8PN2
£130K07/240.27 mi6, Princess Street, Whitworth, Rochdale, Lancashire OL12 8PN2
£110K01/230.27 mi8, Princess Street, Whitworth, Rochdale, Lancashire OL12 8PN2
£95K12/200.3 mi21, Albert Street, Whitworth, Rochdale, Lancashire OL12 8PJ2
£160K09/210.31 mi14, Spodden Fold, Whitworth, Rochdale, Lancashire OL12 8TP2
£145K10/210.31 mi20, Spodden Fold, Whitworth, Rochdale, Lancashire OL12 8TP2
£137K11/200.31 mi12, Spodden Fold, Whitworth, Rochdale, Lancashire OL12 8TP2
£185K06/240.31 mi2, Spodden Fold, Whitworth, Rochdale, Lancashire OL12 8TP2
£137.5K12/200.31 mi8, Spodden Fold, Whitworth, Rochdale, Lancashire OL12 8TP2
£108K07/240.31 mi1, John Street, Whitworth, Rochdale, Lancashire OL12 8BN2
£230K06/240.31 miOaklea, Market Street, Whitworth, Rochdale, Lancashire OL12 8DY2
£140K02/230.36 mi25, Tong End, Whitworth, Rochdale, Lancashire OL12 8BJ2
£163K04/210.39 mi23, John Street, Whitworth, Rochdale, Lancashire OL12 8BT2
£113.7K12/220.45 mi75, James Street, Whitworth, Rochdale, Lancashire OL12 8DF2
£136K08/240.46 mi1, Parkside, Whitworth, Rochdale, Lancashire OL12 8DT2
£100K06/240.47 mi2, Alfred Street, Whitworth, Rochdale, Lancashire OL12 8JP2
£130K06/230.47 mi18, Alfred Street, Whitworth, Rochdale, Lancashire OL12 8JP2
£125K10/210.48 mi195, Market Street, Whitworth, Rochdale, Lancashire OL12 8TF2
£80K03/230.48 mi261, Market Street, Whitworth, Rochdale, Lancashire OL12 8TF2
£98K12/200.48 mi213, Market Street, Whitworth, Rochdale, Lancashire OL12 8TF2
£130K10/230.53 mi6, Fairway, Whitworth, Rochdale, Lancashire OL12 8UF2
£118K11/220.54 mi43, Westgate, Whitworth, Rochdale, Lancashire OL12 8UW2
£100.5K01/240.56 mi23, Moorland Crescent, Whitworth, Rochdale, Lancashire OL12 8SU2
£75K03/240.57 mi663, Market Street, Whitworth, Rochdale, Lancashire OL12 8DP2
£75K03/240.57 mi663, Market Street, Whitworth, Rochdale, Lancashire OL12 8DP2
£175K04/240.6 mi48, Spodden Cottages, Whitworth, Rochdale, Lancashire OL12 8DL2
£135K11/220.6 mi126, Westgate, Whitworth, Rochdale, Lancashire OL12 8UP2
£115K08/210.61 mi108, Westgate, Whitworth, Rochdale, Lancashire OL12 8UP2
£160K08/230.63 mi51, Cowm Park Way North, Whitworth, Rochdale, Lancashire OL12 8LW2
£110K07/240.67 mi727, Market Street, Whitworth, Rochdale, Lancashire OL12 8LD2
£155K03/240.72 mi52, Tonacliffe Road, Whitworth, Rochdale, Lancashire OL12 8SS2
£155K03/240.72 mi52, Tonacliffe Road, Whitworth, Rochdale, Lancashire OL12 8SS2
£165K04/240.91 mi787, Market Street, Whitworth, Rochdale, Lancashire OL12 8NA2
£147K11/230.91 mi783, Market Street, Whitworth, Rochdale, Lancashire OL12 8NA2

Local Rents

11 rents from £625/mo to £975/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£72512/240.07 miVillage Court, Whitworth, OL122
£70006/240.09 miVILLAGE COURT, Whitworth, Rossendale OL12 8RH2
£78508/240.11 mi-2
£80012/240.11 miMarket Street, Whitworth, Rochdale, OL122
£85006/240.27 mi-2
£62506/240.31 miJohn Street, Whitworth, OL122
£85004/250.36 mi-2
£82502/250.36 mi-2
£75006/240.46 miMarket Street, Whitworth, OL122
£97504/240.46 mi-2
£85012/240.62 miWALLBANK DRIVE, Whitworth, Rossendale OL12 8UL2

Local Area Statistics

Population in OL12

45,900

Population in Rochdale

128,851

Town centre distance

2.48 miles away

Nearest school

0.20 miles away

Nearest train station

2.97 miles away

 

 

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Listed for £120,000

September 26, 2024

Floor Plans

Description

  • Tenure Leasehold +
  • Council Tax Band A +
  • EPC Rating D +
  • On Street Parking +
  • Mid Terraced Property +
  • Two Spacious Bedrooms +
  • Contemporary Fitted Kitchen And Three Piece Shower Room +
  • Ideal Home For Small Family Or First Time Buy +
  • Viewing Essential +
  • Easy Access To Major Network Links +

SPACIOUS AND MODERN HOME WITH GREAT VIEWS

Welcome to this charming property located on Market Street in the picturesque town of Whitworth, Rochdale. This delightful house boasts a modern decor and appliances, offering a perfect blend of style and functionality.

Conveniently situated close to local amenities, this property ensures that everything you need is just a stone's throw away. Whether it's shopping, dining, or leisure activities, you'll find it all within easy reach.

Recently renovated, this house exudes a fresh and inviting atmosphere, making it a wonderful place to call home. The renovation has been tastefully done, enhancing the overall appeal of the property.

One of the standout features of this house is the fantastic views from the bedroom. Imagine waking up to stunning vistas that greet you every morning, creating a serene and peaceful ambiance.

Don't miss the opportunity to make this lovely property your own. With its modern amenities, convenient location, and beautiful views, this house offers a comfortable and stylish living space for you to enjoy. Contact us today to arrange a viewing and experience the charm of this delightful home on Market Street.

Ground Floor -

Entrance - UPVC double glazed door to hall.

Hall - 1.50m x 1.22m (4'11 x 4') - Central heating radiator, door to reception room and stairs to first floor.

Reception Room - 4.52m x 3.86m (14'10 x 12'8) - UPVC double glazed window, central heating radiator, electric fire with feature surround, television point, door to kitchen and storage.

Kitchen - 3.91m x 3.68m (12'10 x 12'1) - UPVC double glazed window, central heating radiator, range of white wall and base units, laminate work tops, oven with four ring electric hob, tiled splash back and extractor hood, stainless steel one and a half sink and drainer with mixer tap, plumbed for washing machine, space for fridge freezer, vinyl floor and door to stairs to cellar.

Cellar - 4.70m x 2.18m (15'5 x 7'2) -

First Floor -

Landing - 1.96m x 1.55m (6'5 x 5'1) - Doors to two bedrooms and bathroom.

Bedroom One - 4.47m x 4.37m (14'8 x 14'4) - UPVC double glazed window and central heating radiator.

Bedroom Two - 3.56m x 3.00m (11'8 x 9'10) - UPVC double glazed window and central heating radiator.

Shower Room - 3.51m x 1.55m (11'6 x 5'1) - Central heating towel rail, dual flush WC, pedestal wash basin, walk in direct feed shower enclosure, tiled elevation and tiled floor.

Agent Details

Keenans Estate Agents, Rochdale

01706 615022

Next Steps?

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