2 Bed Flat, Single Let, Rochdale, OL11 3DA, £100,000

SYDNEY BARNES CLOSE, Castleton, Rochdale OL11 3DA - 2 views - 6 months ago

Leasehold

BTL

ROI: 9%

~58 m²

+2 photos

ValuationOvervalued

Sold Prices	£65K - £449.9K
Sold Prices/m²	£1K/m² - £2.2K/m²

Square Metres	~58 m²
Price/m²	£1.7K/m²
Value Estimate	£88,458£88,458

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£25,000£25,000
Stamp Duty & Legal Fees	£4,200£4,200
Total Cash In	£29,200£29,200

Cash Out
Rent Range	£695 - £990£695 - £990
Rent Estimate	£684
Running Costs/mo	£469£469
Cashflow/mo	£215£215
Cashflow/yr	£2,576£2,576
ROI	9%9%
Gross Yield	8%8%

Local Sold Prices

28 sold prices from £65K to £449.9K, average is £97.5K. £1K/m² to £2.2K/m², average is £1.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£112.5K	12/22	0.01 mi	The Westcombe Building, 47, Sydney Barnes Close, Rochdale, Greater Manchester OL11 3DA	£1,940	58	2	Flat
£95K	07/23	0.01 mi	The Westcombe Building, 5, Sydney Barnes Close, Rochdale, Greater Manchester OL11 3DA	£1,638	58	2	Flat
£120K	08/23	0.01 mi	The Westcombe Building, 25, Sydney Barnes Close, Rochdale, Greater Manchester OL11 3DA	£2,069	58	2	Flat
£120K	01/24	0.27 mi	19, Abbott Street, Rochdale, Greater Manchester OL11 3HT	£1,967	61	2	Flat
£83K	01/21	0.28 mi	19, Ajax Street, Rochdale, Greater Manchester OL11 3HN	£1,239	67	2	Flat
£65K	03/23	0.28 mi	17, Ajax Street, Rochdale, Greater Manchester OL11 3HN	£1,000	65	2	Flat
£102.5K	10/23	0.31 mi	The Oaklands, 206, Fairway, Rochdale, Greater Manchester OL11 3BZ	£1,553	66	2	Flat
£103K	12/20	0.72 mi	4, Maden View, Rochdale, Greater Manchester OL11 2XB	£1,981	52	2	Flat
£102K	01/23	0.72 mi	8, Maden View, Rochdale, Greater Manchester OL11 2XB	-	-	2	Flat
£114.5K	02/23	0.95 mi	44, Hill Top Drive, Rochdale, Greater Manchester OL11 2RD	£1,673	68	2	Flat
£100K	03/23	1.27 mi	2, Ford Gardens, Rochdale, Greater Manchester OL11 4DZ	£2,222	45	2	Flat
£100K	03/24	1.29 mi	6, Schofield Street, Heywood, Greater Manchester OL10 1DH	£1,471	68	2	Flat
£90K	03/22	1.29 mi	6, Ford Gardens, Rochdale, Greater Manchester OL11 4DZ	-	-	2	Flat
£84K	02/22	1.29 mi	Flat 9, Makin Court, Schofield Street, Heywood, Greater Manchester OL10 1DR	-	-	2	Flat
£449.9K	02/22	1.52 mi	1, Teal Court, Rochdale, Greater Manchester OL11 5RG	-	-	2	Flat
£90K	05/24	1.55 mi	4, Hornets Close, Rochdale, Greater Manchester OL11 2AH	£1,385	65	2	Flat
£88K	08/24	1.57 mi	11, Balderstone Road, Rochdale, Greater Manchester OL11 2AD	-	-	2	Flat
£88K	11/23	1.57 mi	21, Balderstone Road, Rochdale, Greater Manchester OL11 2AD	£1,313	67	2	Flat
£110K	09/21	1.58 mi	28, Burnell Court, Heywood, Greater Manchester OL10 2NW	-	-	2	Flat
£120K	11/23	1.59 mi	2, Burnell Court, Heywood, Greater Manchester OL10 2NW	-	-	2	Flat
£88K	05/22	1.6 mi	60, Canberra Way, Rochdale, Greater Manchester OL11 2EL	-	-	2	Flat
£92.5K	11/22	1.6 mi	62, Canberra Way, Rochdale, Greater Manchester OL11 2EL	£1,682	55	2	Flat
£101.5K	07/22	1.6 mi	14, Canberra Way, Rochdale, Greater Manchester OL11 2EL	£1,167	87	2	Flat
£73.5K	05/21	1.6 mi	30, Canberra Way, Rochdale, Greater Manchester OL11 2EL	£1,205	61	2	Flat
£93K	11/22	1.6 mi	12, Canberra Way, Rochdale, Greater Manchester OL11 2EL	£1,476	63	2	Flat
£100K	05/22	1.6 mi	42, Canberra Way, Rochdale, Greater Manchester OL11 2EL	£1,208	83	2	Flat
£95K	02/23	1.6 mi	24, Canberra Way, Rochdale, Greater Manchester OL11 2EL	£1,696	56	2	Flat
£92.5K	12/23	1.6 mi	64, Canberra Way, Rochdale, Greater Manchester OL11 2EL	£1,542	60	2	Flat

Local Rents

12 rents from £695/mo to £990/mo, average is £785/mo.

Rent	Date	Distance	Address	Beds	Type
£990	06/24	0.1 mi	-	2	Terraced House
£750	12/24	0.11 mi	12 Colwyn Street, Castleton, Rochdale OL11 3JH	2	Terraced House
£775	12/24	0.12 mi	57 Partington Street, Castleton OL11 3DG	2	Terraced House
£750	12/24	0.13 mi	7 Ogden Street, Castleton, Rochdale OL11 3DY	2	Terraced House
£750	12/24	0.14 mi	25 Samuel Street, Castleton OL11 3EA	2	Terraced House
£900	04/25	0.41 mi	-	2	Terraced House
£695	11/23	0.42 mi	-	2	Terraced House
£750	12/24	0.45 mi	Newchurch Street, Rochdale	2	Terraced House
£795	04/25	0.48 mi	-	2	Terraced House
£850	06/24	0.49 mi	Melville Street, Rochdale - 2 BEDROOMS PLUS LOFT ROOM	2	Terraced House
£900	03/25	0.5 mi	-	2	Terraced House
£875	03/25	0.6 mi	-	2	Terraced House

Local Area Statistics

Population in OL11	45,50645,506
Population in Rochdale	128,851128,851
Town centre distance	2.63 miles away2.63 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.26 miles away0.26 miles away

Rental growth (12m)	+56%+56%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+26%+26%

Property History

Listed for £100,000

October 9, 2024

Floor Plans

Description

Ground Floor Apartment +
Two Double Bedrooms +
Large Lounge / Dining Area +
Fitted Kitchen +
Four-Piece Bathroom +
Electric Heating System +
uPVC Double Glazing +
Allocated & Visitor Parking Spaces +
Communal Gardens +
Popular Development +

A well presented, GROUND FLOOR APARTMENT with TWO DOUBLE BEDROOMS. situated in a popular yet convenient location on the doorstep of excellent local amenities including schools, shops, pubs and train station whilst also giving easy access to Rochdale / Middleton town centres and the motorway network.

Internally, the deceptively spacious apartment briefly comprises of an entrance hall with utility cupboard, large lounge / dining area open plan to a fitted kitchen, TWO DOUBLE BEDROOMS and a four-piece bathroom. The property also benefits from having an electric heating system and upvc double glazing throughout.

The apartment building has communal gardens, in addition to an allocated parking space and visitor parking.

Please note the pictures are used as a guide and although similar, they are not of the actual property.

Agent Details

Reside Estate Agency, Rochdale

01706 335427

Next Steps?

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