4 Bed Detached House, Cash/Bridging Only, Oldham, OL3 7PW, £550,000

Round Meadow Close, Greenfield, OL3 7PW - 1 views - 6 months ago

Sold STC
Cash
~113 m²
+9 photos

ValuationOvervalued

Sold Prices£140K - £1.3M
Sold Prices/m²£1.9K/m² - £8.3K/m²

 

 

Square Metres

~113.20 m²
Price/m²£4.9K/m²

Value Estimate

£399,017

 

 

End Value (After Refurb)

£418,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£43,700

Refurb Costs

£47,714

Bridging Loan Interest

£14,438

Total Cash In

£245,102

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£418,750

Mortgage (After Refinance)

£314,063

Mortgage LTV

75%

Cash Left In

£245,102

Equity

£104,688

Rent Range

£800 - £3,200

Rent Estimate

£1,525

Running Costs/mo

£1,634

Cashflow/mo

£-109

Cashflow/yr

£-1,303

Gross Yield

3%

Local Sold Prices

50 sold prices from £140K to £1.3M, average is £394.8K. £1.9K/m² to £8.3K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£297.5K08/210.05 mi49, Shaw Hall Bank Road, Greenfield, Oldham, Greater Manchester OL3 7LD4
£412.5K12/200.18 mi1, Lower Frenches Drive, Greenfield, Oldham, Greater Manchester OL3 7JD4
£875K11/220.36 mi1, Old Lane, Grasscroft, Oldham, Greater Manchester OL4 4EX4
£330K12/200.38 mi2, Wimberry Close, Greenfield, Oldham, Greater Manchester OL3 7FL4
£335K03/210.38 mi1, Church Meadow, Greenfield, Oldham, Greater Manchester OL3 7LY4
£330K12/200.38 mi2, Wimberry Close, Greenfield, Oldham, Greater Manchester OL3 7FL4
£425K04/210.4 mi23, Noon Sun Close, Greenfield, Oldham, Greater Manchester OL3 7JA4
£425K01/230.4 mi10, Noon Sun Close, Greenfield, Oldham, Greater Manchester OL3 7JA4
£370K12/210.42 mi39, Gladstone Terrace Road, Greenfield, Oldham, Greater Manchester OL3 7HF4
£300K06/210.42 mi74, Wellington Road, Greenfield, Oldham, Greater Manchester OL3 7AQ4
£455K09/210.43 mi5, Butterworth Way, Greenfield, Oldham, Greater Manchester OL3 7PS4
£340K08/210.43 mi10, Oak Dene Close, Greenfield, Oldham, Greater Manchester OL3 7JB4
£358K06/230.43 mi10, Oak Dene Close, Greenfield, Oldham, Greater Manchester OL3 7JB4
£555K12/200.45 mi7, The Paddock, Greenfield, Oldham, Greater Manchester OL3 7PU4
£710K07/230.45 mi7, The Paddock, Greenfield, Oldham, Greater Manchester OL3 7PU4
£392K12/200.49 mi20, Brookway, Grasscroft, Oldham, Greater Manchester OL4 4EU4
£452K06/210.5 mi11, High Grove Road, Grasscroft, Oldham, Greater Manchester OL4 4HG4
£577K05/230.52 mi37a, Chew Brook Drive, Greenfield, Oldham, Greater Manchester OL3 7PD4
£202K10/220.56 mi23, Berry Street, Greenfield, Oldham, Greater Manchester OL3 7EF4
£625K09/220.56 mi10, Low Grove Lane, Greenfield, Oldham, Greater Manchester OL3 7LA4
£499K02/210.59 mi1, Manor Close, Grasscroft, Oldham, Greater Manchester OL4 4HR4
£260K03/210.6 mi175, Chew Valley Road, Greenfield, Oldham, Greater Manchester OL3 7DF4
£480K03/230.62 mi1, Rimmon Close, Greenfield, Oldham, Greater Manchester OL3 7FN4
£320K03/210.62 mi33, Clough Lane, Grasscroft, Oldham, Greater Manchester OL4 4EW4
£397.5K08/230.62 mi41, Clough Lane, Grasscroft, Oldham, Greater Manchester OL4 4EW4
£230K12/220.68 mi11, Higher Carr Lane, Greenfield, Oldham, Greater Manchester OL3 7AU4
£480K11/220.7 mi1, Summershades Lane, Grasscroft, Oldham, Greater Manchester OL4 4ED4
£1.3M02/230.73 mi42, Rush Hill Road, Uppermill, Oldham, Greater Manchester OL3 6JE4
£425K08/230.73 mi4, St Marys Drive, Greenfield, Oldham, Greater Manchester OL3 7DT4
£720K11/200.76 mi4, Rushgrove, Uppermill, Oldham, Greater Manchester OL3 6LD4
£283K03/210.76 mi17, Moorlands Drive, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DB4
£419K02/210.79 mi3, St Marys Crest, Greenfield, Oldham, Greater Manchester OL3 7DS4
£375K01/240.82 mi42, Grove Road, Uppermill, Oldham, Greater Manchester OL3 6JL4
£380K11/230.82 mi16, Spring Mill Drive, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GG4
£380K11/220.82 mi34, Spring Mill Drive, Mossley, Ashton-under-lyne, Greater Manchester OL5 9GG4
£250K10/200.82 mi37, Grove Road, Uppermill, Oldham, Greater Manchester OL3 6JJ4
£360K06/210.83 mi6, Moorgate Street, Uppermill, Oldham, Greater Manchester OL3 6DE4
£429.9K10/230.83 mi37, Beechfield, Grasscroft, Oldham, Greater Manchester OL4 4EL4
£407K12/200.83 mi32, Beechfield, Grasscroft, Oldham, Greater Manchester OL4 4EL4
£305K02/210.85 mi23, Roaches Way, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DZ4
£280K02/230.85 mi26, Roaches Way, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DZ4
£980K06/210.88 mi158, Oldham Road, Grasscroft, Oldham, Greater Manchester OL4 4DW4
£348K12/210.9 mi22, Lovers Lane, Grasscroft, Oldham, Greater Manchester OL4 4DT4
£425K02/240.92 mi6, St Annes Crescent, Grasscroft, Oldham, Greater Manchester OL4 4JH4
£550K10/220.95 mi1, Bankside Close, Uppermill, Oldham, Greater Manchester OL3 6JT4
£140K03/230.96 mi188, Stockport Road, Mossley, Ashton-under-lyne, Greater Manchester OL5 0RS4
£300K03/210.97 mi15, Meadow Close, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DS4
£530K04/230.98 mi5, Walkers Close, Uppermill, Oldham, Greater Manchester OL3 6DJ4
£650K07/220.99 mi46, Springmeadow Lane, Uppermill, Oldham, Greater Manchester OL3 6HH4
£288K09/220.99 mi28, Meadow Close, Mossley, Ashton-under-lyne, Greater Manchester OL5 9DS4

Local Rents

23 rents from £800/mo to £3.2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,55012/240.03 mi3 Moss Grove, Greenfield, OL35
£90012/230.05 mi-4
£2,00008/240.31 mi-3
£1,35006/240.44 mi81 Chew Valley Road, Greenfield3
£3,20012/240.44 miHolly House 7 Grasscroft Heights5
£1,90003/240.46 mi-3
£1,75010/240.46 mi-3
£1,05003/250.5 mi-3
£1,30006/240.62 miClough Lane, Grasscroft, Oldham, Greater Manchester, OL43
£85006/240.65 mi12 Shadows Lane3
£1,45001/240.75 mi-4
£1,50006/240.76 mi-6
£3,00002/240.82 mi-5
£1,25006/240.89 miBurnedge Lane, Grasscroft, Saddleworth, OL43
£1,25012/240.89 miBurnedge Lane, Grasscroft, Saddleworth, OL43
£1,59506/240.9 miLovers Lane, Saddleworth, OL44
£1,99504/230.91 mi-4
£1,75012/240.98 miOldham Road, Lydgate, Oldham, Greater Manchester, OL43
£1,30006/241.02 miPlatting Road, Lydgate3
£1,40003/251.03 mi-3
£95012/241.23 mi-3
£99502/251.23 mi-3
£80006/241.24 mi-3

Local Area Statistics

Population in OL3

15,192

Population in Oldham

182,174

Town centre distance

3.50 miles away

Nearest school

0.30 miles away

Nearest train station

0.18 miles away

 

 

Rental growth (12m)

+29%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Price changed to £550,000

February 20, 2025

Listed for £565,000

October 16, 2024

Floor Plans

Description

  • Executive Four Bedroom Family Home +
  • Sought After Area +
  • Driveway & Garage +
  • Two Bathrooms +
  • Good Sized Rear Garden +
  • Viewing Essential! +

This stunningly presented, executive four-bedroom detached home is located in the highly desirable area of Greenfield, nestled within a sought after cul-de-sac. Offering easy access to village amenities, transport links, and the scenic countryside, including the breathtaking Peak District National Park, this property is ideal for families seeking a balance of modern living and natural beauty. Built in 2022 this home is part of a contemporary development that combines convenience with tranquil surroundings.

The ground floor greets you with an entrance hall, leading into a spacious lounge, perfect for relaxing or entertaining. The stylish open-plan kitchen/diner provides ample space for family meals and gatherings. French doors open out to the garden, creating a seamless indoor-outdoor flow, ideal for summer barbecues and alfresco dining. A convenient WC completes the ground floor. Throughout the home, you’ll find solid oak doors, adding a touch of elegance and quality to every room.
Upstairs, the property boasts four generously sized bedrooms, ensuring plenty of space for family members. The master suite offers a private en-suite shower room, providing a luxurious retreat, while the remaining three bedrooms share a modern family bathroom with a contemporary finish.

The exterior of the home is just as impressive, with a beautifully maintained front lawn and a block-paved driveway that leads to the garage, that offers parking for two vehicles. Additionally, an adjacent piece of land provides the potential for a third off-road parking space. The garage offers additional storage space. The enclosed rear garden provides a private oasis, with a paved patio area perfect for outdoor furniture, a well-maintained lawn for children or pets to play, and a barked area beyond that could be used for a play area.

With its blend of style and location this home offers a lifestyle that combines convenience with the charm of rural living. Don’t miss out on this ideal family home!

Ground Floor -

Hall - Door to front, radiator, stairs leading to the first floor, door leading to:

Lounge - 5.49m x 3.54m (18'0" x 11'7") - Double glazed bay window to front, radiator, door leading to:

Kitchen/Diner - 3.28m x 4.57m (10'9" x 15'0") - Fitted with a matching range of base and eye level units with solid Quartz worktop space over, inset sink with mixer tap, integrated fridge/freezer, integrated dishwasher, built-in oven, built-in hob with extractor hood over, double glazed window to rear, radiator, double glazed French doors leading out to rear garden, door leading to:

Wc - Two piece suite comprising, wash hand basin and low-level WC, part tiled walls, heated towel rail.

First Floor -

Landing - Doors leading to:

Master Bedroom - 3.66m x 3.35m (12'0" x 11'0") - Double glazed window to front, radiator, door to storage cupboard, door leading to:

En-Suite - Three piece suite comprising wash hand basin, shower enclosure and low-level WC, part tiled walls, double glazed window to front, heated towel rail.

Bedroom 2 - 2.90m x 3.91m (9'6" x 12'10") - Double glazed window to rear, radiator.

Bedroom 3 - 2.88m x 3.51m (9'5" x 11'6") - Double glazed window to rear, radiator.

Bedroom 4 - 2.36m x 2.82m (7'9" x 9'3") - Double glazed window to front, radiator.

Bathroom - 2.39m x 2.08m (7'10" x 6'10") - Three piece suite comprising panelled bath with shower over, wash hand basin and low-level WC, part tiled walls, double glazed window to side, heated towel rail.

Outside - Lawned garden to the front and block paved driveway providing off road parking for two vehicles, leading to the garage. Additional piece of land adjacent offers the potential for a third off road parking space. Enclosed good sized garden to the rear with paved patio area, well maintained lawn with barked area beyond.

Garage - 5.42m x 2.64m (17'9" x 8'8") - Up and over door, door leading out to rear.

Disclaimer - Home Estate Agents believe all the particulars given to be accurate. They have not tested or inspected any equipment, apparatus, fixtures or fittings and cannot, therefore, offer any proof or confirmation as to their condition or fitness for purpose thereof. The purchaser is advised to obtain the necessary verification from the solicitor or the surveyor. All measurements given are approximate and for guide purposes only and should not be relied upon as accurate for the purpose of buying fixtures, floor-coverings, etc. The buyer should satisfy him/her self of all measurements prior to purchase.

Before we can accept an offer for any property we will need certain information from you which will enable us to qualify your offer. If you are making a cash offer which is not dependent upon the sale of another property we will require proof of funds. You should be advised that any approach to a bank, building society or solicitor before we have qualified your offer may result in legal or survey fees being lost. In addition, any delay may result in the property being offered to someone else.

-

Agent Details

Home Estate Agents Ltd, Stalybridge

0161 524 4847

Next Steps?

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