3 Bed Semi-Detached House, Refurb/BRRR, Rochdale, OL12 6DL, £180,000

Holstein Avenue, Healey, Rochdale, OL12 6DL - 2 views - 7 months ago

Sold STC
Leasehold
Refurb/BRRR
~93 m²
+13 photos

ValuationFair Value

Sold Prices£135K - £325K
Sold Prices/m²£1.7K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£181,800

 

 

End Value (After Refurb)

£221,214

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£39,200

Bridging Loan Interest

£4,725

Total Cash In

£97,275

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£221,214

Mortgage (After Refinance)

£165,910

Mortgage LTV

75%

Cash Released

£30,910

Cash Left In

£66,365

Equity

£55,303

Rent Range

£850 - £1,200

Rent Estimate

£930

Running Costs/mo

£897

Cashflow/mo

£33

Cashflow/yr

£392

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £135K to £325K, average is £204.5K. £1.7K/m² to £4K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£210K04/240 mi13, Holstein Avenue, Rochdale, Greater Manchester OL12 6DL3
£190K05/210 mi26, Holstein Avenue, Rochdale, Greater Manchester OL12 6DL3
£199.9K06/210 mi18, Holstein Avenue, Rochdale, Greater Manchester OL12 6DL3
£231K08/240 mi7, Holstein Avenue, Rochdale, Greater Manchester OL12 6DL3
£217K04/230.06 mi6, Thrum Fold, Rochdale, Greater Manchester OL12 6DG3
£223K06/230.06 mi8, Thrum Fold, Rochdale, Greater Manchester OL12 6DG3
£218K01/230.06 mi6, Ashdene, Rochdale, Greater Manchester OL12 6DJ3
£315K03/230.06 mi2, Ashdene, Rochdale, Greater Manchester OL12 6DJ3
£150K02/230.07 mi625, Whitworth Road, Rochdale, Greater Manchester OL12 0TB3
£195K08/210.08 mi138, Shawclough Way, Rochdale, Greater Manchester OL12 6EE3
£185K09/210.08 mi124, Shawclough Way, Rochdale, Greater Manchester OL12 6EE3
£235K03/230.08 mi138, Shawclough Way, Rochdale, Greater Manchester OL12 6EE3
£224K09/230.09 mi609, Whitworth Road, Rochdale, Greater Manchester OL12 0TB3
£207.5K06/210.11 mi112, Shawclough Way, Rochdale, Greater Manchester OL12 6DR3
£235K04/240.14 mi66, Shawclough Way, Rochdale, Greater Manchester OL12 6DS3
£245K03/230.16 mi21, Hillside Walk, Rochdale, Greater Manchester OL12 6ED3
£280K01/240.21 mi4, Shawclough Close, Rochdale, Greater Manchester OL12 7HQ3
£230K04/240.22 mi16, Cottage Walk, Rochdale, Greater Manchester OL12 6DZ3
£215K07/240.22 mi4, Cottage Walk, Rochdale, Greater Manchester OL12 6DZ3
£200K03/230.23 mi6, Harebell Close, Rochdale, Greater Manchester OL12 6XW3
£180K10/230.23 mi4, Harebell Close, Rochdale, Greater Manchester OL12 6XW3
£243K09/230.23 mi20, Harebell Close, Rochdale, Greater Manchester OL12 6XW3
£293K04/210.24 mi509, Whitworth Road, Rochdale, Greater Manchester OL12 6EZ3
£182.5K09/210.25 mi29, The Windrush, Rochdale, Greater Manchester OL12 6DY3
£200K01/210.25 mi45, The Windrush, Rochdale, Greater Manchester OL12 6DY3
£196.5K12/200.25 mi22, Duffins Close, Rochdale, Greater Manchester OL12 6XA3
£200K01/210.25 mi20, Duffins Close, Rochdale, Greater Manchester OL12 6XA3
£135K08/230.26 mi7, Shawclough Way, Rochdale, Greater Manchester OL12 7HF3
£230K12/200.26 mi29, Shawclough Way, Rochdale, Greater Manchester OL12 7HF3
£202K10/200.29 mi14, Betony Close, Rochdale, Greater Manchester OL12 6XJ3
£191.5K08/240.29 mi2, Stretford Place, Rochdale, Greater Manchester OL12 6HA3
£189.9K09/230.29 mi13, Foxglove Court, Rochdale, Greater Manchester OL12 6XF3
£240K12/200.32 mi46, Crowshaw Drive, Rochdale, Greater Manchester OL12 0SR3
£325K02/210.32 mi1, Judith Street, Rochdale, Greater Manchester OL12 7HS3
£153K03/230.35 mi13, Edwin Waugh Gardens, Rochdale, Greater Manchester OL12 6NH3
£150K05/240.35 mi27, Edwin Waugh Gardens, Rochdale, Greater Manchester OL12 6NH3
£135K05/230.36 mi66, Great Lee Walk, Rochdale, Greater Manchester OL12 6NG3
£207K03/210.37 mi400, Shawclough Road, Rochdale, Greater Manchester OL12 7HR3
£225K02/210.37 mi403a, Shawclough Road, Rochdale, Greater Manchester OL12 7HR3
£291K08/230.37 mi403, Shawclough Road, Rochdale, Greater Manchester OL12 7HR3
£207K02/210.41 mi4, Columbine Close, Rochdale, Greater Manchester OL12 7UJ3
£152K11/200.41 mi7, Earnshaw Avenue, Rochdale, Greater Manchester OL12 0ST3
£175K06/210.42 mi20, Ropefield Way, Rochdale, Greater Manchester OL12 6DP3
£175K09/210.43 mi11, Hollowbrook Way, Rochdale, Greater Manchester OL12 6PG3
£152K12/200.43 mi9, Hollowbrook Way, Rochdale, Greater Manchester OL12 6PG3
£180K01/240.43 mi9, Hollowbrook Way, Rochdale, Greater Manchester OL12 6PG3
£170K12/230.43 mi60, Brookdale, Rochdale, Greater Manchester OL12 0UY3
£166K04/210.43 mi78, Brookdale, Rochdale, Greater Manchester OL12 0UY3
£220K07/210.43 mi73, Brookdale, Rochdale, Greater Manchester OL12 0UY3
£270K11/220.44 mi8, Twinegate, Rochdale, Greater Manchester OL12 6DW3

Local Rents

10 rents from £850/mo to £1.2K/mo, average is £938/mo.

RentDateDistanceAddressBeds 
£99512/240.39 miShawclough Road, Shawclough3
£89509/240.55 mi-3
£92501/250.67 mi-3
£1,07512/240.69 miMOUNTAIN ASH, Rooley Moor, Rochdale OL12 7JE3
£85010/230.72 mi-3
£90006/240.77 miRooley Moor Road, Rochdale3
£1,20003/240.88 mi-3
£87511/240.91 mi-3
£97506/241.02 miGreat Flatt, Rochdale3
£95004/251.06 mi-3

Local Area Statistics

Population in OL12

45,900

Population in Rochdale

128,851

Town centre distance

1.12 miles away

Nearest school

0.20 miles away

Nearest train station

1.47 miles away

 

 

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Listed for £180,000

September 28, 2024

Floor Plans

Description

  • TWO RECEPTION ROOMS +
  • EARLY VIEWINGS RECOMMENDED +
  • NO ONWARD CHAIN! +

Cowell Norford are pleased to introduce to the market a FANTASTIC OPPORTUNITY to purchase a THREE BEDROOM SEMI DETACHED family home, located in the popular residential area of Healey, within close proximity to a range of excellent local amenities, schools and countryside walks including HEALEY DELL NATURE RESERVE on your doorstep.

Internally the property does require a DEGREE OF MODERNISATION AND REPAIR throughout, however offers SUPERB POTENTIAL to create a stunning family home. Covering approximately just over 900sqft of living space, the accommodation comprises of entrance hallway, living room, dining room, kitchen, two double bedrooms, single bedroom and family shower room.

Externally the property has an ATTRACTIVE PRIVATE LAWNED GARDEN with well stocked borders.

EARLY VIEWINGS ARE RECOMMENDED TO APPRECIATE THE POTENTIAL OF ACCOMMODATION ON OFFER!

NO CHAIN!

Agent Details

Cowell & Norford, Rochdale

01706 396399

Next Steps?

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