2 Bed Terraced House, Refurb/BRRR, Rochdale, OL12 0BY, £130,000

Joy Street, Rochdale, Greater Manchester, OL12 0BY - 2 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£40K - £245K
Sold Prices/m²£404/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£107,975

 

 

End Value (After Refurb)

£123,729

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£28,709

Bridging Loan Interest

£3,413

Total Cash In

£71,472

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£123,729

Mortgage (After Refinance)

£92,797

Mortgage LTV

75%

Cash Left In

£71,472

Equity

£30,932

Rent Range

£675 - £930

Rent Estimate

£810

Running Costs/mo

£569

Cashflow/mo

£241

Cashflow/yr

£2,896

ROI

4%

Gross Yield

7%

Local Sold Prices

49 sold prices from £40K to £245K, average is £113K. £404/m² to £4.4K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£100K12/200.01 mi90, Joy Street, Rochdale, Greater Manchester OL12 0BY2
£135K03/240.01 mi72, Joy Street, Rochdale, Greater Manchester OL12 0BY2
£139K12/210.07 mi13, Jefferson Way, Rochdale, Greater Manchester OL12 0BX2
£115K06/210.08 mi6, Glen Gardens, Rochdale, Greater Manchester OL12 0BU2
£108K11/210.08 mi19, Glen Gardens, Rochdale, Greater Manchester OL12 0BU2
£118.3K10/210.08 mi10, Jefferson Way, Rochdale, Greater Manchester OL12 0BX2
£81.5K11/210.16 mi16, Dewhirst Road, Rochdale, Greater Manchester OL12 0AG2
£105K12/220.16 mi28, Leyton Street, Rochdale, Greater Manchester OL12 0AW2
£65K04/230.17 mi291, Whitworth Road, Rochdale, Greater Manchester OL12 6ER2
£55K11/200.18 mi15, Gale Street, Rochdale, Greater Manchester OL12 0SQ2
£135K01/230.19 mi31, Norton Road, Rochdale, Greater Manchester OL12 0BJ2
£170K12/210.27 mi17, Dew Meadow Close, Rochdale, Greater Manchester OL12 6JT2
£166K01/240.28 mi34, Syke Road, Rochdale, Greater Manchester OL12 9TB2
£150K05/230.29 mi92, Greenbank Road, Rochdale, Greater Manchester OL12 0EN2
£147K04/210.3 mi61, Brookdale, Rochdale, Greater Manchester OL12 0UY2
£151K05/210.3 mi67, Brookdale, Rochdale, Greater Manchester OL12 0UY2
£100K12/200.3 mi95, Maud Street, Rochdale, Greater Manchester OL12 0EL2
£118K12/210.3 mi95, Maud Street, Rochdale, Greater Manchester OL12 0EL2
£151K06/230.32 mi10, Earnshaw Avenue, Rochdale, Greater Manchester OL12 0ST2
£105K06/240.33 mi422, Whitworth Road, Rochdale, Greater Manchester OL12 0SN2
£70K05/230.34 mi10, Rossall Road, Rochdale, Greater Manchester OL12 0EG2
£150K07/230.34 mi29, Rossall Road, Rochdale, Greater Manchester OL12 0EG2
£165K07/230.34 mi37, Rossall Road, Rochdale, Greater Manchester OL12 0EG2
£78K03/210.36 mi13, Blanche Street, Rochdale, Greater Manchester OL12 0EJ2
£113K07/240.36 mi19, Blanche Street, Rochdale, Greater Manchester OL12 0EJ2
£110K09/230.36 mi473, Whitworth Road, Rochdale, Greater Manchester OL12 6HB2
£245K04/210.36 mi4, Wood Hey Grove, Rochdale, Greater Manchester OL12 9TY2
£115K07/210.37 mi84, Ada Street, Rochdale, Greater Manchester OL12 0EQ2
£104K02/240.37 mi92, Ada Street, Rochdale, Greater Manchester OL12 0EQ2
£104K02/240.37 mi92, Ada Street, Rochdale, Greater Manchester OL12 0EQ2
£86K06/210.38 mi52, Grouse Street, Rochdale, Greater Manchester OL12 0RG2
£40K02/210.38 mi71, Grouse Street, Rochdale, Greater Manchester OL12 0RG2
£105K10/210.38 mi100, Grouse Street, Rochdale, Greater Manchester OL12 0RG2
£86K12/200.4 mi11, Medley Street, Rochdale, Greater Manchester OL12 0RQ2
£138K03/230.42 mi93, Bentley Street, Rochdale, Greater Manchester OL12 6PA2
£79K01/210.43 mi93, Duke Street, Rochdale, Greater Manchester OL12 0RJ2
£83.9K08/210.43 mi102, Duke Street, Rochdale, Greater Manchester OL12 0RJ2
£215K09/210.43 mi3, Waingap Rise, Rochdale, Greater Manchester OL12 9TZ2
£80K11/200.44 mi18, Blackthorn Close, Rochdale, Greater Manchester OL12 6XU2
£95K01/210.44 mi40, Blackthorn Close, Rochdale, Greater Manchester OL12 6XU2
£165K03/240.44 mi39, Blackthorn Close, Rochdale, Greater Manchester OL12 6XU2
£75K01/210.46 mi20, Turner Street, Rochdale, Greater Manchester OL12 0QL2
£107K01/210.48 mi6, Bassett Way, Rochdale, Greater Manchester OL12 6NP2
£207.5K02/210.48 mi30, Heights Avenue, Rochdale, Greater Manchester OL12 6JH2
£122K08/230.49 mi32, New Street, Rochdale, Greater Manchester OL12 6NS2
£81K03/210.49 mi1, Sawyer Street, Rochdale, Greater Manchester OL12 0QH2
£130K02/240.5 mi8, Daffodil Close, Rochdale, Greater Manchester OL12 6NY2
£158K10/230.5 mi1, Bassett Close, Rochdale, Greater Manchester OL12 6NR2
£155K09/230.51 mi6, Quarry Hill, Rochdale, Greater Manchester OL12 0SZ2

Local Rents

15 rents from £675/mo to £930/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£90012/240.15 mi-2
£89512/240.15 miDewhirst Road, Rochdale, OL122
£82506/240.22 miAshmount Drive, Shawclough, OL12 6HP2
£70012/240.28 miBERNARD STREET, Healey, Rochdale OL12 0SJ2
£72506/230.42 mi-2
£79504/240.48 mi-2
£67506/240.49 mi-2
£79506/240.51 miRugby Road, Rochdale, Greater Manchester, OL122
£90003/250.52 mi-2
£93012/240.54 mi-2
£85002/250.55 mi-2
£77511/240.56 mi-2
£77512/240.57 miClarence Street, Shawclough, Rochdale, Greater Manchester, OL122
£89506/240.57 mi-2
£89506/240.57 mi-2

Local Area Statistics

Population in OL12

45,900

Population in Rochdale

128,851

Town centre distance

0.42 miles away

Nearest school

0.30 miles away

Nearest train station

0.95 miles away

 

 

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Listed for £130,000

October 9, 2024

Floor Plans

Description

  • End Terraced House +
  • 2 Double Bedrooms +
  • Family Shower Room +
  • Bright & Spacious Lounge Area +
  • Fantastic Potential +
  • Gardens Front & Rear +
  • Council Tax: Band A +
  • EPC: D +

CHAIN FREE! A spacious end terraced house, briefly comprising of 2 double bedrooms, shower room. lounge and kitchen. The property has gardens front and rear and is located close to countryside walks, good schools, shops and other local amenities. In need of some modernisation, the property is sure to appeal to first time buyers and investors alike. Early viewing highly recommended. EPC: D.

We are pleased to bring to the market with spacious end terraced house, free from chain. In need of modernisation, the property will appeal to both first time buyers and investors alike.

On the ground floor is the entrance hall, a storage room, the kitchen and then the spacious lounge with windows front and rear making it nice a bright.

On the first floor is the landing, the family shower room and two double bedrooms, the master also has windows front and rear.

Externally, the property sits on a envious plot with gardens front and rear.

The property is located within the desirable area of Shawclough, with easy access to countryside walks, but also well placed to benefit from good travel links, schools., shops and other local amenities.

Early viewing highly recommended.

EPC: TBC.

Agent Details

Ryder & Dutton, Rochdale

01706 335894

Next Steps?

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