2 Bed Terraced House, Cash/Bridging Only, Oldham, OL8 2AL, £120,000

23 Edith Street, Oldham, Greater Manchester, OL8 2AL - 1 views - 5 months ago

Sold STC
Leasehold
Cash
ROI: 6%
66 m²
+3 photos

ValuationOvervalued

Sold Prices£40K - £200K
Sold Prices/m²£238/m² - £2.6K/m²

 

 

Square Metres

66 m²
Price/m²£1.8K/m²

Value Estimate

£96,205

 

 

End Value (After Refurb)

£121,750

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Refurb Costs

£27,819

Bridging Loan Interest

£3,150

Total Cash In

£67,519

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£121,750

Mortgage (After Refinance)

£91,313

Mortgage LTV

75%

Cash Released

£1,313

Cash Left In

£66,207

Equity

£30,438

Rent Range

£750 - £1,100

Rent Estimate

£935

Running Costs/mo

£587

Cashflow/mo

£348

Cashflow/yr

£4,170

ROI

6%

Gross Yield

9%

Local Sold Prices

50 sold prices from £40K to £200K, average is £101.3K. £238/m² to £2.6K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£110K02/230 mi20, Edith Street, Oldham, Greater Manchester OL8 2AL2
£116K02/230.05 mi453, Ashton Road, Oldham, Greater Manchester OL8 2NB2
£98K08/230.06 mi31, Ethel Street, Oldham, Greater Manchester OL8 3EZ2
£40K12/200.1 mi5, Alton Street, Oldham, Greater Manchester OL8 3EY2
£77K01/210.1 mi32, Alton Street, Oldham, Greater Manchester OL8 3EY2
£79K11/200.1 mi33, Hollins Road, Oldham, Greater Manchester OL8 3HD2
£90K09/230.11 mi16, Hathershaw Lane, Oldham, Greater Manchester OL8 3EX2
£100K06/230.11 mi43, Crofton Street, Oldham, Greater Manchester OL8 3DA2
£105K01/210.11 mi12, Crofton Street, Oldham, Greater Manchester OL8 3DA2
£110K12/200.11 mi10, Crofton Street, Oldham, Greater Manchester OL8 3DA2
£92K10/210.12 mi38, Brierley Street, Oldham, Greater Manchester OL8 3DZ2
£102K01/210.12 mi9, Brierley Street, Oldham, Greater Manchester OL8 3DZ2
£145K10/210.12 mi86, Honeywell Lane, Oldham, Greater Manchester OL8 2AA2
£75K02/210.12 mi35, Honeywell Lane, Oldham, Greater Manchester OL8 2AA2
£115K09/230.12 mi61, Honeywell Lane, Oldham, Greater Manchester OL8 2AA2
£101.5K02/240.12 mi35, Kenyon Avenue, Oldham, Greater Manchester OL8 1NP2
£107K01/240.12 mi34, Kenyon Avenue, Oldham, Greater Manchester OL8 1NP2
£75K09/230.15 mi45, Forest Street, Oldham, Greater Manchester OL8 3ER2
£101K03/230.15 mi484, Ashton Road, Oldham, Greater Manchester OL8 3HG2
£147K06/230.16 mi41, Wyndale Road, Oldham, Greater Manchester OL8 3DB2
£125K08/230.16 mi44, Urmson Street, Oldham, Greater Manchester OL8 2AE2
£83K12/220.16 mi33, Wyndale Road, Oldham, Greater Manchester OL8 3DB2
£200K04/230.17 mi3, Stratford Avenue, Oldham, Greater Manchester OL8 3DR2
£160K08/230.17 mi16, Quantock Drive, Oldham, Greater Manchester OL8 3WJ2
£115K04/230.18 mi62, Hadfield Street, Oldham, Greater Manchester OL8 3BU2
£133K10/230.21 mi18, Letham Street, Oldham, Greater Manchester OL8 2NE2
£85K06/210.22 mi98, Schofield Street, Oldham, Greater Manchester OL8 1QJ2
£78K07/210.22 mi50, Schofield Street, Oldham, Greater Manchester OL8 1QJ2
£125K11/200.23 mi15, Polden Close, Oldham, Greater Manchester OL8 3WN2
£117K01/210.24 mi86, Hadfield Street, Oldham, Greater Manchester OL8 3EE2
£65K02/210.24 mi5, Copster Place, Oldham, Greater Manchester OL8 3DH2
£90K03/210.24 mi9, Copster Place, Oldham, Greater Manchester OL8 3DH2
£96.5K03/210.24 mi182, Hollins Road, Oldham, Greater Manchester OL8 3DG2
£125K07/230.24 mi571, Ashton Road, Oldham, Greater Manchester OL8 2NF2
£135K09/230.28 mi12, Hough Close, Oldham, Greater Manchester OL8 2NZ2
£115K04/210.3 mi208, Copster Hill Road, Oldham, Greater Manchester OL8 3DD2
£90K05/210.31 mi65, Villa Road, Oldham, Greater Manchester OL8 1PW2
£86K01/210.32 mi78, Villa Road, Oldham, Greater Manchester OL8 1PN2
£93.5K09/230.32 mi2a, Ralstone Avenue, Oldham, Greater Manchester OL8 1LY2
£132K07/230.32 mi39, Ralstone Avenue, Oldham, Greater Manchester OL8 1LY2
£55K08/210.32 mi26, Ralstone Avenue, Oldham, Greater Manchester OL8 1LY2
£130.8K03/230.33 mi48, Neild Street, Oldham, Greater Manchester OL8 1QG2
£63K09/200.33 mi48, Neild Street, Oldham, Greater Manchester OL8 1QG2
£135K08/230.34 mi33, Keswick Avenue, Oldham, Greater Manchester OL8 2JY2
£125K07/230.34 mi3, Keswick Avenue, Oldham, Greater Manchester OL8 2JY2
£129.9K12/230.34 mi11, Tanners Fold, Oldham, Greater Manchester OL8 2NN2
£80K02/210.35 mi226, Honeywell Lane, Oldham, Greater Manchester OL8 2JR2
£92K09/230.36 mi220, Belgrave Road, Oldham, Greater Manchester OL8 2JU2
£85K04/230.36 mi661, Ashton Road, Oldham, Greater Manchester OL8 2RA2
£93K08/230.36 mi645, Ashton Road, Oldham, Greater Manchester OL8 2RA2

Local Rents

18 rents from £750/mo to £1.1K/mo, average is £938/mo.

RentDateDistanceAddressBeds 
£85008/240 miEdith Street,Oldham,OL82
£90006/240.06 mi-2
£90002/240.1 mi-2
£1,10005/240.1 mi-2
£80010/240.15 mi-2
£75001/240.28 mi-2
£89508/240.34 miHoneywell Lane, Oldham2
£89508/240.34 miHoneywell Lane, Oldham2
£99510/240.36 mi-2
£85006/240.36 mi-2
£1,10007/240.41 miHarrow Avenue, Oldham, OL82
£1,10008/240.41 mi-2
£97503/250.47 mi-2
£99501/240.53 mi-2
£99511/240.53 mi-2
£82501/240.57 mi-2
£97506/240.62 mi-2
£97511/240.62 mi-2

Local Area Statistics

Population in OL8

39,658

Population in Oldham

182,174

Town centre distance

1.81 miles away

Nearest school

0.20 miles away

Nearest train station

1.12 miles away

 

 

Rental growth (12m)

+42%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £120,000

October 11, 2024

Sold for £15,000

1996

Description

  • TWO BEDROOM TERRACE +
  • TWO RECEPTION ROOMS +
  • KITCHEN +
  • FAMILY BATHROOM +
  • ENCLOSED REAR YARD +
  • LEASEHOLD +
  • NO VENDOR CHAIN +
  • COUNCIL TAX BAND A +
  • Please call for viewings +

Taylor & Wood Estate Agents are delighted to offer For Sale this mid terraced property. Situated close to Oldham Town Centre and Ashton Town Centre, local amenities and transport links. The property boasts entrance vestibule, lounge, dining room and kitchen to the ground floor. To the first floor there are two bedrooms and family bathroom. The property also benefits from NO VENDOR CHAIN. Viewings available by appointment. Please call for viewings

Property comprises of:

Entrance Vestibule: uPVC front door.

Lounge: 14.45 x 11.72 uPVC double glazed window unit to front, radiator, gas and electric meters, TV point, phone point, inset fire with marble surround and hearth, archway leading to dining room, stairs leading to first floor.

Dining Room: 14.29 x 12.49 uPVC double glazed window unit to rear, radiator, storage cupboard, door leading to kitchen.

Kitchen: 16.97 x 8.12 uPVC double glazed window unit to rear, radiator, range of wall and base units with complementary worktops, stainless steel single drainer sink unit with mixer tap, splashback tiling, built in cooker and four ring gas hob, combi boiler, plumbing for automatic washing machine.

Landing:

Bedroom One: 13.23 x 11.50 uPVC double glazed window unit to front, radiator, built in wardrobes and drawers.

Bedroom Two: 10.23 x 7.69 uPVC double glazed window unit to rear, radiator, built in cupboard.

Bathroom: uPVC double glazed opaque window unit to rear, radiator, three piece suite briefly comprising of low level w.c, hand wash basin and panelled bath.

Taylor & Wood Estate Agents have not tested any apparatus, equipment, fittings or services and cannot verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor. All measurements are approximate and should not be taken as accurate. The buyer is advised to check themselves prior to purchase.

OFFER PROCEDURE: You should make your offer to the branch dealing with sale before contacting a bank, building society or solicitor as any delays could result in the sale being agreed to another purchaser and costs may be incurred. In keeping with the Estate Agents order 1991, we have to check into all purchasers' financial situations before putting forward any offer to our vendor/s. Before any offer can be accepted you will need to make an appointment for us to qualify your offer. If the offer you are making is a cash offer (not related to the sale of a property) we will require proof of funds before your offer can be accepted.

Agent Details

Taylor & Wood Estate Agents, Hyde

0161 524 5447

Next Steps?

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