3 Bed Terraced House, Refurb/BRRR, Rochdale, OL11 2JR, £130,000

Well I Th Lane, Rochdale, Greater Manchester, OL11 2JR - 10 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~93 m²
+11 photos

ValuationFair Value

Sold Prices£105K - £246K
Sold Prices/m²£1.2K/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£131,300

 

 

End Value (After Refurb)

£157,600

Uplift in Value

+21%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£39,324

Bridging Loan Interest

£3,413

Total Cash In

£82,087

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£157,600

Mortgage (After Refinance)

£118,200

Mortgage LTV

75%

Cash Released

£20,700

Cash Left In

£61,386

Equity

£39,400

Rent Range

£850 - £3,500

Rent Estimate

£1,085

Running Costs/mo

£730

Cashflow/mo

£355

Cashflow/yr

£4,266

ROI

5%

Gross Yield

10%

Local Sold Prices

50 sold prices from £105K to £246K, average is £174.5K. £1.2K/m² to £3.1K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£120K08/230.09 mi7, Schofield Street, Rochdale, Greater Manchester OL11 1BA3
£146K12/230.11 mi294, Oldham Road, Rochdale, Greater Manchester OL11 2EZ3
£135K11/230.11 mi292, Oldham Road, Rochdale, Greater Manchester OL11 2EZ3
£180K06/240.11 mi53, Clarendon Street, Rochdale, Greater Manchester OL16 4UB3
£161.8K08/210.15 mi6, Fraser Street, Rochdale, Greater Manchester OL16 4UA3
£245K04/230.15 mi26, Charter Street, Rochdale, Greater Manchester OL16 4UD3
£225K03/230.15 mi20, Ryelands Close, Rochdale, Greater Manchester OL16 4UE3
£203K06/230.16 mi82, Kingsway, Rochdale, Greater Manchester OL16 4UU3
£180K11/230.18 mi112, Queensway, Rochdale, Greater Manchester OL11 1TJ3
£155K11/220.18 mi86, Queensway, Rochdale, Greater Manchester OL11 1TJ3
£228K08/230.19 mi12, Berkeley Drive, Rochdale, Greater Manchester OL16 4UF3
£196.5K02/230.21 mi29, Charlotte Street, Rochdale, Greater Manchester OL16 4TJ3
£205K09/230.21 mi4, Weston Avenue, Rochdale, Greater Manchester OL16 4TS3
£200K12/230.22 mi35, Charlotte Street, Rochdale, Greater Manchester OL16 4TJ3
£174.5K03/230.22 mi91, Percy Street, Rochdale, Greater Manchester OL16 5LF3
£105K07/230.22 mi57, Queen Victoria Street, Rochdale, Greater Manchester OL11 2HF3
£195K05/230.23 mi18, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TZ3
£174.5K11/220.25 mi20, Buersil Avenue, Rochdale, Greater Manchester OL16 4TP3
£191K10/230.25 mi42, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TY3
£135K03/210.25 mi30, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TY3
£166K10/230.25 mi17, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TY3
£190K02/230.25 mi89, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TY3
£220K01/230.26 mi64, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TY3
£140K10/200.26 mi10, Letchworth Avenue, Rochdale, Greater Manchester OL11 1NB3
£132K03/210.26 mi11, Dicken Green, Rochdale, Greater Manchester OL11 1TW3
£190K11/220.28 mi62, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TY3
£173K04/230.28 mi6, Carpenters Way, Rochdale, Greater Manchester OL16 4XU3
£184K05/210.28 mi1, Carpenters Way, Rochdale, Greater Manchester OL16 4XU3
£200K10/230.28 mi5, Carpenters Way, Rochdale, Greater Manchester OL16 4XU3
£216K06/230.29 mi38, Buersil Avenue, Rochdale, Greater Manchester OL16 4TR3
£170K07/210.29 mi63, Buersil Avenue, Rochdale, Greater Manchester OL16 4TR3
£155K12/200.29 mi65, Buersil Avenue, Rochdale, Greater Manchester OL16 4TR3
£190K06/230.29 mi12, St Marys Close, Rochdale, Greater Manchester OL16 4XT3
£190K09/210.31 mi32, Kings Road, Rochdale, Greater Manchester OL16 5HW3
£160K07/230.31 mi9, Stiups Lane, Rochdale, Greater Manchester OL16 4XR3
£165K12/230.31 mi39, Weston Avenue, Rochdale, Greater Manchester OL16 4PW3
£170K05/240.31 mi14, Digby Road, Rochdale, Greater Manchester OL11 1TR3
£165K04/240.31 mi11, Darley Road, Rochdale, Greater Manchester OL11 2LF3
£118K04/210.31 mi16, Darley Road, Rochdale, Greater Manchester OL11 2LF3
£210.5K01/230.32 mi2, St Marys Close, Rochdale, Greater Manchester OL16 4XT3
£190K02/240.32 mi127, Queensway, Rochdale, Greater Manchester OL11 2LE3
£232K07/230.34 mi109, Turf Hill Road, Rochdale, Greater Manchester OL16 4XA3
£163K02/210.37 mi119, Broad Lane, Rochdale, Greater Manchester OL16 4PP3
£176K01/210.39 mi16, Dacre Road, Rochdale, Greater Manchester OL11 2LH3
£148K04/210.4 mi12, Cleveleys Avenue, Rochdale, Greater Manchester OL16 4PD3
£147.5K02/210.42 mi4, Gisburn Drive, Rochdale, Greater Manchester OL11 2DE3
£149K06/230.43 mi92, Deeplish Road, Rochdale, Greater Manchester OL11 1PQ3
£150K11/230.44 mi6, Rothesay Terrace, Rochdale, Greater Manchester OL16 4XF3
£130K09/230.45 mi119, Milkstone Road, Rochdale, Greater Manchester OL11 1NU3
£246K01/230.45 mi40, Marigold Street, Rochdale, Greater Manchester OL11 1RJ3

Local Rents

12 rents from £850/mo to £3.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,08012/240.28 mi-3
£85005/240.32 mi-3
£1,15002/250.33 mi-3
£1,10012/240.35 miBroad Lane, Rochdale, OL163
£1,10012/240.35 mi-3
£99512/240.46 mi-3
£99512/240.46 mi-3
£99504/250.46 mi-3
£99512/240.49 mi-3
£1,10012/240.5 miDarlington Road, Rochdale, Greater Manchester, OL113
£1,10012/240.57 mi-3
£3,50012/240.58 mi-3

Local Area Statistics

Population in OL11

45,506

Population in Rochdale

128,851

Town centre distance

1.59 miles away

Nearest school

0.10 miles away

Nearest train station

0.55 miles away

 

 

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £130,000

October 21, 2024

Floor Plans

Description

  • Spacious End Terraced House +
  • Lounge w/ Fireplace +
  • Kitchen w/ Patio Doors +
  • 3 Large Bedrooms +
  • Family Bathroom w/ Overhead Shower +
  • Rear Patio Area +
  • Additional Rear Garden Area Rented +
  • Parking Available To Rear +
  • Council Tax: Band A +
  • EPC: C +

CHAIN FREE! A deceptively spacious end terraced house in need of modernisation. Including 3 large bedrooms, the property will appeal to those looking for a family home as well as investors. Externally is a patio & garden area, parking is available to the rear. The property is located just off Oldham road and benefits from great travel links and local amenities. Early viewing highly recommended. EPC: C

We are pleased to bring to the market this deceptively spacious end terraced house, free from chain. In need of modernisation, the property will appeal to those looking for a family home as well as investors.

Internal inspection will reveal an entrance vestibule, a large lounge, then through to the kitchen which has patio doors leading to the rear garden. On the first floor is a landing, family bathroom and three generous sized bedrooms.

Externally, there is a patio area plus an additional garden area which is rented from the council for a fee each year. Plenty of parking is available at the rear of the property.

Situated in the popular residential area of Balderstone, the property is located just off of Oldham road and is ideally positioned to benefit from great travel links, shops, schools and other local amenities.

Early viewing comes strongly recommended.

EPC: C

Agent Details

Ryder & Dutton, Rochdale

01706 335894

Next Steps?

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