3 Bed Terraced House, Single Let, Rochdale, OL12 6PZ, £147,500

MOLYNEUX STREET, Spotland, Rochdale OL12 6PZ - 3 views - 6 months ago

Sold STC
BTL
ROI: 7%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£39K - £330K
Sold Prices/m²£392/m² - £3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£166,421
BMV13%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,875

Stamp Duty & Legal Fees

£5,625

Total Cash In

£42,500

 

 

Cash Out

 

Rent Range

£850 - £1,225

Rent Estimate

£900

Running Costs/mo

£661

Cashflow/mo

£239

Cashflow/yr

£2,869

ROI

7%

Gross Yield

7%

Local Sold Prices

49 sold prices from £39K to £330K, average is £170K. £392/m² to £3K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£150K12/200.14 mi276, Spotland Road, Rochdale, Greater Manchester OL12 7AG3
£138K10/200.2 mi21, Clement Royds Street, Rochdale, Greater Manchester OL12 6SG3
£133K12/220.21 mi18, Emma Street, Rochdale, Greater Manchester OL12 6QW3
£158K06/210.3 mi5, Rooley Terrace, Rochdale, Greater Manchester OL12 7BN3
£140K05/210.3 mi17, Geneva Terrace, Rochdale, Greater Manchester OL11 5BJ3
£127K01/210.31 mi22, Edenfield Road, Rochdale, Greater Manchester OL11 5AA3
£181K02/210.31 mi34, Edenfield Street, Rochdale, Greater Manchester OL12 7BP3
£130K09/230.31 mi24, Edenfield Street, Rochdale, Greater Manchester OL12 7BP3
£175K03/230.31 mi98, Sheriff Street, Rochdale, Greater Manchester OL12 6JY3
£235K12/220.32 mi11, Madeley Gardens, Rochdale, Greater Manchester OL12 7BZ3
£177K02/230.33 mi20, Oakfield Terrace, Rochdale, Greater Manchester OL11 5BG3
£185K06/240.34 mi18, Belvoir Street, Rochdale, Greater Manchester OL12 7ET3
£120K05/210.35 mi19, Willbutts Lane, Rochdale, Greater Manchester OL11 5BE3
£210K08/240.35 mi7, Churchill Street, Rochdale, Greater Manchester OL11 5AB3
£124K09/210.35 mi7, Churchill Street, Rochdale, Greater Manchester OL11 5AB3
£125K02/210.35 mi8, Churchill Street, Rochdale, Greater Manchester OL11 5AB3
£155K11/200.36 mi44, Beaufort Street, Rochdale, Greater Manchester OL12 7EP3
£170K12/220.37 mi25, Marne Crescent, Rochdale, Greater Manchester OL11 5DN3
£142K03/210.37 mi18, Falkland Avenue, Rochdale, Greater Manchester OL11 5BH3
£39K04/240.37 mi33, Falkland Avenue, Rochdale, Greater Manchester OL11 5BH3
£135K03/230.39 mi17, Woodstock Street, Rochdale, Greater Manchester OL12 7DG3
£185K07/230.41 mi115, Edenfield Road, Rochdale, Greater Manchester OL11 5AE3
£160K03/230.41 mi141, Edenfield Road, Rochdale, Greater Manchester OL11 5AE3
£125K02/210.41 mi4, Rupert Street, Rochdale, Greater Manchester OL12 7DH3
£125K03/210.41 mi7, Viking Street, Rochdale, Greater Manchester OL11 5AD3
£185K11/230.41 mi7, Viking Street, Rochdale, Greater Manchester OL11 5AD3
£175K01/240.42 mi9, Bench Carr, Rochdale, Greater Manchester OL12 0QU3
£190K12/230.42 mi10, Bench Carr, Rochdale, Greater Manchester OL12 0QU3
£177K04/230.42 mi16, Bench Carr, Rochdale, Greater Manchester OL12 0QU3
£170K12/230.43 mi150, Sandy Lane, Rochdale, Greater Manchester OL11 5DR3
£192K03/240.45 mi9, Alicia Drive, Rochdale, Greater Manchester OL12 6JW3
£215K08/240.45 mi8, Alicia Drive, Rochdale, Greater Manchester OL12 6JW3
£325K04/230.45 mi2, Tenby Grove, Rochdale, Greater Manchester OL12 7EN3
£190K12/220.46 mi10, Further Pits, Rochdale, Greater Manchester OL11 5DF3
£155K12/220.47 mi19, Verdun Crescent, Rochdale, Greater Manchester OL11 5DT3
£195K08/230.47 mi3, Further Pits, Rochdale, Greater Manchester OL11 5DF3
£141.5K04/230.48 mi86, Sandy Lane, Rochdale, Greater Manchester OL11 5DG3
£165K05/240.48 mi9, Balfour Road, Rochdale, Greater Manchester OL12 7EH3
£200K01/230.49 mi2, Denehurst Road, Rochdale, Greater Manchester OL11 5DU3
£175K01/230.49 mi76, Willbutts Lane, Rochdale, Greater Manchester OL11 5BA3
£165K12/200.5 mi72, Willbutts Lane, Rochdale, Greater Manchester OL11 5BA3
£225K01/210.5 mi70, Willbutts Lane, Rochdale, Greater Manchester OL11 5BA3
£75K03/210.5 mi360, Bury Road, Rochdale, Greater Manchester OL11 4EB3
£126K12/200.51 mi86, Heights Lane, Rochdale, Greater Manchester OL12 0QS3
£157K08/210.51 mi146, Churchill Street, Rochdale, Greater Manchester OL12 7DL3
£175K03/210.51 mi9, Woodfield Avenue, Rochdale, Greater Manchester OL12 6JN3
£265K04/230.52 mi64, Ings Lane, Rochdale, Greater Manchester OL12 7AL3
£289K10/220.52 mi58, Heights Avenue, Rochdale, Greater Manchester OL12 6JH3
£330K02/230.53 mi119, Heights Avenue, Rochdale, Greater Manchester OL12 6JH3

Local Rents

10 rents from £850/mo to £1.2K/mo, average is £985/mo.

RentDateDistanceAddressBeds 
£99506/240.34 mi-3
£87511/240.38 mi-3
£1,22504/250.4 mi-3
£95004/250.42 mi-3
£95012/240.47 miFurther Pits, Rochdale, Greater Manchester, OL113
£1,20012/240.47 mi-3
£1,20003/250.47 mi-3
£85010/230.53 mi-3
£97506/240.55 miGreat Flatt, Rochdale3
£1,20003/240.59 mi-3

Local Area Statistics

Population in OL12

45,900

Population in Rochdale

128,851

Town centre distance

0.91 miles away

Nearest school

0.10 miles away

Nearest train station

0.64 miles away

 

 

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Listed for £147,500

October 14, 2024

Sold for £31,950

1999

Floor Plans

Description

  • Mid-Terraced House +
  • Three Bedrooms & Attic Room +
  • Two Reception Rooms +
  • Kitchen Extension +
  • Basement Level +
  • Elevated Position +
  • Yard To Rear +
  • Far Reaching Views +
  • Extremely Popular Location +
  • Ideal Family Home +

Set in an extremely popular location, this EXTENDED MID-TERRACED is also convenient for excellent local amenities including Rochdale town centre, local train station, Metrolink yet with easy access to the motorway network. Ideally suited towards first time buyers, families or investors looking to increase their property portfolio.

Internally, the property is set over four floors and offers spacious living accommodation comprising of an entrance hall, TWO RECEPTION ROOMS, kitchen extension, basement level workshop and store room, THREE BEDROOMS with additional attic room and a bathroom. The property also benefits from having gas central heating and upvc double glazing throughout.

The property is set in an elevated position with a raised forecourt garden and a private yard at the rear.

The property is FREEHOLD!

Agent Details

Reside Estate Agency, Rochdale

01706 335427

Next Steps?

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