4 Bed Terraced House, Refurb/BRRR, Rochdale, OL12 9LE, £210,000

Ramsden Road, Rochdale OL12 9LE - 2 views - 6 months ago

Sold STC
Refurb/BRRR
~129 m²
+8 photos

ValuationFair Value

Sold Prices£158K - £590K
Sold Prices/m²£963/m² - £6.8K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.6K/m²

Value Estimate

£212,100

 

 

End Value (After Refurb)

£283,266

Uplift in Value

+35%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Refurb Costs

£54,483

Bridging Loan Interest

£5,513

Total Cash In

£121,745

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£283,266

Mortgage (After Refinance)

£212,450

Mortgage LTV

75%

Cash Released

£54,950

Cash Left In

£66,796

Equity

£70,817

Rent Range

£895 - £1,795

Rent Estimate

£859

Running Costs/mo

£1,077

Cashflow/mo

£-218

Cashflow/yr

£-2,616

Gross Yield

5%

Local Sold Prices

35 sold prices from £158K to £590K, average is £298K. £963/m² to £6.8K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£249.9K02/210.06 mi34, Waterhouse Close, Wardle, Rochdale, Greater Manchester OL12 9LL4
£315K06/240.25 mi31, Alpine Drive, Wardle, Rochdale, Greater Manchester OL12 9NY4
£590K09/230.29 mi143, Wardle Road, Rochdale, Greater Manchester OL12 9JA4
£264K06/230.29 mi84, Shaftesbury Drive, Wardle, Rochdale, Greater Manchester OL12 9LS4
£230K04/210.31 mi16, Crossfield Close, Wardle, Rochdale, Greater Manchester OL12 9JP4
£235K04/210.31 mi4, Crossfield Close, Wardle, Rochdale, Greater Manchester OL12 9JP4
£375K11/220.4 mi49, Alderbank, Wardle, Rochdale, Greater Manchester OL12 9NH4
£298K12/200.5 mi2, Guardian Close, Rochdale, Greater Manchester OL12 9RU4
£272K11/200.5 mi24, Guardian Close, Rochdale, Greater Manchester OL12 9RU4
£250K12/200.51 mi14, Regal Fold, Rochdale, Greater Manchester OL12 9DD4
£203K03/210.53 mi23, Gloucester Avenue, Rochdale, Greater Manchester OL12 9QL4
£385K10/220.56 mi53, Joseph Lister Drive, Rochdale, Greater Manchester OL12 9PT4
£345K11/230.63 miHollybank, Halifax Road, Rochdale, Greater Manchester OL12 9QU4
£210K11/220.67 mi32, Birch Road, Rochdale, Greater Manchester OL12 9QQ4
£425K03/230.76 mi1, Elmore Wood, Littleborough, Greater Manchester OL15 8RJ4
£379K03/210.77 mi21, St Andrews Close, Littleborough, Greater Manchester OL15 8PG4
£299.9K03/210.77 mi30, George Street, Hurstead, Rochdale, Greater Manchester OL16 2RR4
£285K06/240.77 mi22, George Street, Hurstead, Rochdale, Greater Manchester OL16 2RR4
£232K12/230.77 mi33, George Street, Hurstead, Rochdale, Greater Manchester OL16 2RR4
£380K09/210.78 mi22, Starring Lane, Littleborough, Greater Manchester OL15 8LW4
£330K09/210.78 mi7, Turnfield Close, Rochdale, Greater Manchester OL16 2QF4
£325K05/210.79 mi12, Brooklyn Avenue, Rochdale, Greater Manchester OL16 2SG4
£255K05/230.8 mi6, Birch Hill Walk, Littleborough, Greater Manchester OL15 8LN4
£266K04/210.82 mi22, Manor Mill Close, Rochdale, Greater Manchester OL16 2HG4
£445K07/220.82 mi6, Wheelwright Drive, Rochdale, Greater Manchester OL16 2QQ4
£360K07/220.83 mi12, Carrington Close, Rochdale, Greater Manchester OL16 2QE4
£457.3K08/220.86 mi23, Calf Hey, Littleborough, Greater Manchester OL15 8HB4
£162K08/210.87 mi8, Underwood Villas, Littleborough, Greater Manchester OL15 8PP4
£252K04/210.87 mi29, Tarnside Close, Rochdale, Greater Manchester OL16 2QD4
£272.5K06/210.9 mi6, Greengrove Bank, Rochdale, Greater Manchester OL16 2QL4
£165K05/230.91 mi20, Lightburn Avenue, Littleborough, Greater Manchester OL15 8QB4
£158K04/210.91 mi20, New Road, Littleborough, Greater Manchester OL15 8LX4
£400K06/210.97 mi19, Lime Grove, Littleborough, Greater Manchester OL15 8RP4
£344K04/210.98 mi14, Kinders Fold, Littleborough, Greater Manchester OL15 9LT4
£365K04/210.98 mi126, Starring Way, Littleborough, Greater Manchester OL15 8RE4

Local Rents

12 rents from £895/mo to £1.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,60010/240.51 mi-4
£1,20004/250.56 mi-4
£1,15009/240.62 mi-3
£1,03510/240.86 mi-3
£1,49512/240.87 miTarnside Close, Rochdale, OL164
£1,60011/240.91 mi-4
£1,60003/250.91 mi-4
£1,00001/251.01 mi-3
£1,05012/231.02 mi-3
£1,15004/251.07 mi-3
£89509/241.14 mi-3
£1,79506/241.18 miStubley Mill Road Littleborough. 4

Local Area Statistics

Population in OL12

45,900

Population in Rochdale

128,851

Town centre distance

1.47 miles away

Nearest school

0.30 miles away

Nearest train station

1.18 miles away

 

 

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Listed for £210,000

October 18, 2024

Floor Plans

Description

  • NO ONWARD CHAIN +
  • IN NEED OF MODERNISATION +
  • FOUR BEDROOMS +
  • TWO BATHROOMS +
  • DECEPTIVELY SPACIOUS +
  • PRIME LOCATION +
  • DRIVEWAY TO SIDE +
  • CLOSE TO WATERGROVE RESERVOIR +
  • EXCELLENT INVESTMENT OPPORTUNITY +
  • VIEWINGS HIGHLY RECOMMENDED +

NO CHAIN: IN NEED OF MODERNISATION Four-Bedroom Terraced Home. Situated in the heart of the Village of Wardle, close to Watergrove reservoir, only a few minutes from open countryside.
Andrew Kelly & Associates are delighted to offer for sale this spacious FOUR BEDROOM property, situated in the heart of the beautiful village of Wardle and just a short drive to Littleborough which provides a good selection of local amenities including several independent shops, excellent schools, bars and restaurants. Sitting on the edge of the hills above Wardle the property boasts some fantastic open aspect views as well as spectacular scenic walks within the surrounding countryside and is only a few minutes’ drive from Hollingworth Lake nature reserve and Smithybridge train station with easy access to both Leeds and Manchester. The accommodation is in need of some modernisation & comprises briefly of a spacious lounge with feature fireplace and a large kitchen/dining area with access to the cellar. To the first floor are four bedrooms, and a three-piece family bathroom. Externally there is a driveway at the end of the row with access to a garage & road parking to the front. To the front is a courtyard garden & stone walkway. To the rear is a lawned garden with mature, well stocked borders.
Viewings on this fantastic accommodation come highly recommended to fully appreciate the size and location on offer..

Agent Details

Andrew Kelly, Littleborough and Surrounding

01706 615021

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.