3 Bed Terraced House, Refurb/BRRR, Rochdale, OL11 5TF, £180,000

Norden Close, Rochdale, Greater Manchester, OL11 5TF - 5 views - 6 months ago

Sold STC

Leasehold

Refurb/BRRR

~93 m²

+8 photos

ValuationFair Value

Sold Prices	£100K - £590K
Sold Prices/m²	£1.6K/m² - £4.9K/m²

Square Metres	~93 m²
Price/m²	£1.9K/m²
Value Estimate	£181,800£181,800

End Value (After Refurb)	£262,304£262,304
Uplift in Value	+46%+46%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£45,000£45,000
Stamp Duty & Legal Fees	£6,600£6,600
Refurb Costs	£39,324£39,324
Bridging Loan Interest	£4,725£4,725
Total Cash In	£97,399£97,399

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£262,304£262,304
Agent Fees (1%)	£2,623£2,623
Bridging Loan	£135,000£135,000
Bridging Loan Interest	£4,725£4,725
Flip Profit	£27,282£27,282

Local Sold Prices

50 sold prices from £100K to £590K, average is £231.3K. £1.6K/m² to £4.9K/m², average is £2.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£200K	01/24	0 mi	50, Norden Close, Rochdale, Greater Manchester OL11 5TF	£1,639	122	3	Terraced House
£250K	05/24	0 mi	36, Norden Close, Rochdale, Greater Manchester OL11 5TF	£2,604	96	3	Bungalow
£235K	11/23	0 mi	42, Norden Close, Rochdale, Greater Manchester OL11 5TF	£2,260	104	3	Terraced House
£310K	03/23	0.09 mi	2, Fairview Close, Rochdale, Greater Manchester OL12 7SR	£4,366	71	3	Detached House
£221K	08/23	0.11 mi	52, Harewood Road, Rochdale, Greater Manchester OL11 5TN	-	-	3	Semi-Detached House
£278K	02/24	0.11 mi	54, Harewood Road, Rochdale, Greater Manchester OL11 5TN	£3,564	78	3	Semi-Detached House
£220K	05/21	0.11 mi	15, Harewood Road, Rochdale, Greater Manchester OL11 5TG	£2,895	76	3	Detached House
£255K	04/21	0.25 mi	30, Hutchinson Road, Rochdale, Greater Manchester OL11 5TX	-	-	3	Terraced House
£220K	09/23	0.27 mi	866, Edenfield Road, Rochdale, Greater Manchester OL12 7SP	-	-	3	Terraced House
£195K	09/21	0.28 mi	749, Edenfield Road, Rochdale, Greater Manchester OL11 5TT	-	-	3	Terraced House
£161K	08/21	0.38 mi	707, Edenfield Road, Rochdale, Greater Manchester OL11 5SX	-	-	3	Semi-Detached House
£300K	12/23	0.47 mi	50, Nordale Park, Rochdale, Greater Manchester OL12 7RT	-	-	3	Detached House
£250K	08/21	0.52 mi	12, Ellis Fold, Rochdale, Greater Manchester OL12 7RR	£3,333	75	3	Detached House
£100K	03/21	0.53 mi	28, Ashbourne Street, Rochdale, Greater Manchester OL11 5SW	-	-	3	Terraced House
£225K	12/22	0.55 mi	151, Elmsfield Avenue, Rochdale, Greater Manchester OL11 5XA	£3,125	72	3	Detached House
£285K	06/21	0.58 mi	63, Seven Acres Lane, Rochdale, Greater Manchester OL12 7RW	-	-	3	Detached House
£318K	12/23	0.58 mi	51, Seven Acres Lane, Rochdale, Greater Manchester OL12 7RW	£3,573	89	3	Detached House
£280K	12/20	0.58 mi	93, Seven Acres Lane, Rochdale, Greater Manchester OL12 7RW	£3,294	85	3	Detached House
£240K	03/21	0.58 mi	8, Broad Acre, Rochdale, Greater Manchester OL12 7RP	-	-	3	Detached House
£276K	05/24	0.63 mi	10, Wallwork Close, Rochdale, Greater Manchester OL11 5FB	£3,833	72	3	Bungalow
£232.5K	06/21	0.63 mi	2, Highwood, Rochdale, Greater Manchester OL11 5XP	-	-	3	Semi-Detached House
£206K	11/20	0.64 mi	103, Elmsfield Avenue, Rochdale, Greater Manchester OL11 5XA	£2,395	86	3	Detached House
£220K	12/23	0.66 mi	4, Seven Acres Lane, Rochdale, Greater Manchester OL12 7RL	£2,716	81	3	Semi-Detached House
£220K	06/23	0.69 mi	68, Keepers Drive, Rochdale, Greater Manchester OL12 7RH	£2,895	76	3	Detached House
£230K	01/21	0.69 mi	4, Keepers Drive, Rochdale, Greater Manchester OL12 7RH	£2,674	86	3	Semi-Detached House
£345K	02/23	0.69 mi	66, Keepers Drive, Rochdale, Greater Manchester OL12 7RH	£3,750	92	3	Detached House
£260K	09/23	0.69 mi	13, Keepers Drive, Rochdale, Greater Manchester OL12 7RH	£3,662	71	3	Detached House
£197K	12/20	0.72 mi	38, Elmsfield Avenue, Rochdale, Greater Manchester OL11 5XN	-	-	3	Semi-Detached House
£230K	04/24	0.72 mi	66, Elmsfield Avenue, Rochdale, Greater Manchester OL11 5XN	£3,108	74	3	Semi-Detached House
£162K	12/20	0.72 mi	39, Brooks End, Rochdale, Greater Manchester OL11 5XX	£2,418	67	3	Semi-Detached House
£175K	11/20	0.72 mi	29, Brooks End, Rochdale, Greater Manchester OL11 5XX	£4,579	38	3	Semi-Detached House
£270K	07/24	0.72 mi	53, Shawfield Lane, Rochdale, Greater Manchester OL12 7RQ	£3,649	74	3	Semi-Detached House
£247.5K	07/23	0.74 mi	57, Elmsfield Avenue, Rochdale, Greater Manchester OL11 5XW	£2,750	90	3	Semi-Detached House
£225K	03/24	0.74 mi	734, Edenfield Road, Rochdale, Greater Manchester OL12 7PP	£2,228	101	3	Semi-Detached House
£240K	07/23	0.76 mi	21, Martins Field, Rochdale, Greater Manchester OL12 7NT	-	-	3	Semi-Detached House
£195K	02/21	0.77 mi	28, Greenvale, Rochdale, Greater Manchester OL11 5QJ	£2,074	94	3	Semi-Detached House
£270K	12/20	0.79 mi	1, Linnell Drive, Rochdale, Greater Manchester OL11 5QP	£2,621	103	3	Semi-Detached House
£205K	10/23	0.8 mi	72, Shelfield Lane, Rochdale, Greater Manchester OL11 5XY	£2,808	73	3	Semi-Detached House
£170K	05/21	0.8 mi	89, Shelfield Lane, Rochdale, Greater Manchester OL11 5XY	-	-	3	Semi-Detached House
£307K	09/23	0.81 mi	28, Inglefield, Rochdale, Greater Manchester OL11 5XL	-	-	3	Detached House
£200K	10/23	0.81 mi	8, Inglefield, Rochdale, Greater Manchester OL11 5XL	£3,030	66	3	Semi-Detached House
£222.5K	01/23	0.81 mi	4, Inglefield, Rochdale, Greater Manchester OL11 5XL	£2,342	95	3	Terraced House
£305K	01/23	0.81 mi	14, Bramley Road, Rochdale, Greater Manchester OL11 5QN	£3,211	95	3	Semi-Detached House
£250K	02/23	0.9 mi	664, Edenfield Road, Rochdale, Greater Manchester OL12 7QE	£2,016	124	3	Terraced House
£178.5K	04/21	0.91 mi	39, Shelfield Lane, Rochdale, Greater Manchester OL11 5YD	-	-	3	Semi-Detached House
£171K	12/20	0.91 mi	17, Westfield Close, Rochdale, Greater Manchester OL11 5XB	-	-	3	Semi-Detached House
£376.5K	11/23	0.91 mi	22, Farnley Close, Rochdale, Greater Manchester OL12 7SQ	£4,934	76	3	Bungalow
£327K	07/23	0.92 mi	7, Clayfield Drive, Rochdale, Greater Manchester OL11 5RL	£4,802	68	3	Semi-Detached House
£590K	03/23	0.94 mi	39, Norford Way, Rochdale, Greater Manchester OL11 5QS	-	-	3	Detached House
£220K	09/21	0.96 mi	14, Shaddock Avenue, Rochdale, Greater Manchester OL12 7QA	£2,394	92	3	Semi-Detached House

Local Rents

51 rents from £600/mo to £2.3K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£700	06/24	0.04 mi	Edenfield Road, Norden, Rochdale OL11 5TA	2	Terraced House
£995	12/24	0.24 mi	Baitings Row, Over Town Lane, Rochdale, Greater Manchester, OL12	2	Terraced House
£700	12/24	0.47 mi	Industry Street, Norden, Rochale, OL11	2	Terraced House
£875	06/24	0.48 mi	Redfern Way Norden	2	Flat
£775	12/24	0.48 mi	-	2	Terraced House
£775	12/24	0.48 mi	-	2	Terraced House
£795	06/24	0.71 mi	Shawfield Lane, Norden, OL12 7RQ	2	Terraced House
£950	06/24	0.72 mi	-	3	Semi-Detached House
£950	10/24	0.72 mi	-	3	Semi-Detached House
£1,000	04/25	0.73 mi	-	3	Semi-Detached House
£1,100	04/24	0.78 mi	-	2	Semi-Detached House
£1,100	06/24	0.78 mi	Inglefield, Rochdale, OL11	2	Detached House
£1,150	03/25	0.78 mi	-	2	Semi-Detached House
£995	06/24	0.8 mi	Shelfield Lane Norden.	3	Detached House
£895	03/25	0.83 mi	-	2	Terraced House
£600	08/23	0.86 mi	-	1	Flat
£750	11/24	0.86 mi	-	2	Flat
£950	06/24	0.88 mi	-	3	Semi-Detached House
£1,500	03/25	0.88 mi	-	2	Flat
£825	06/24	0.92 mi	The Springs Bamford	1	Flat
£825	12/24	0.92 mi	The Springs Bamford	1	Terraced House
£900	06/24	0.93 mi	52 Whitefield Avenue, Norden OL11 5YG	3	Detached House
£1,200	06/24	1.07 mi	Bamford Mews, Bamford, OL11 5NX	2	Flat
£1,300	04/25	1.16 mi	-	4	Terraced House
£900	06/24	1.2 mi	-	2	Terraced House
£875	06/24	1.22 mi	Burns Court, Bamford , Rochdale	2	Flat
£950	12/24	1.25 mi	-	2	Terraced House
£1,000	01/25	1.25 mi	-	2	Terraced House
£1,100	12/24	1.29 mi	Norden, Rochdale	2	Flat
£2,000	04/25	1.3 mi	-	4	Detached House
£995	06/24	1.31 mi	Norden, Rochdale, OL11 5DZ	2	Flat
£875	06/24	1.31 mi	-	2	Terraced House
£950	04/25	1.31 mi	-	2	Terraced House
£1,150	04/25	1.31 mi	-	3	Semi-Detached House
£995	06/24	1.32 mi	War Office Road, Bamford, Rochdale, OL11	3	Detached House
£1,400	06/24	1.33 mi	Stonehill Crescent, Rochdale, OL12	4	Detached House
£1,250	06/24	1.34 mi	Partridge Close, Rochdale, Greater Manchester, OL11	3	Flat
£1,200	12/24	1.34 mi	Harland Way, Rochdale, Greater Manchester, OL12	4	Detached House
£2,250	01/25	1.35 mi	-	4	Detached House
£825	06/24	1.43 mi	3 Brackenlea Fold, Norden OL12 7GG	2	Detached House
£900	12/24	1.45 mi	Rooley Moor Road, Rochdale	2	Semi-Detached House
£1,250	06/24	1.46 mi	Cranbourne Road, Bamford, OL11 5JD	3	Detached House
£1,100	06/24	1.53 mi	3 Meadowcroft Lane, Rochdale	2	Flat
£900	06/24	1.53 mi	Rooley Moor Road, Rochdale	3	Detached House
£1,075	12/24	1.55 mi	MOUNTAIN ASH, Rooley Moor, Rochdale OL12 7JE	3	Terraced House
£925	01/25	1.56 mi	-	3	Terraced House
£895	06/24	1.58 mi	Bury Road, Rochdale, OL11	2	Terraced House
£895	06/24	1.58 mi	Bury Road, Rochdale, Greater Manchester, OL11	2	Terraced House
£1,350	06/24	1.68 mi	Glen Morag Gardens, Rochdale	2	Flat
£975	06/24	1.7 mi	Great Flatt, Rochdale	3	Flat
£2,200	12/24	1.74 mi	3 Oxford Avenue, Bamford OL11 4DP	6	Detached House

Local Area Statistics

Population in OL11	45,50645,506
Population in Rochdale	128,851128,851
Town centre distance	3.02 miles away3.02 miles away
Nearest school	0.50 miles away0.50 miles away
Nearest train station	2.89 miles away2.89 miles away

Rental growth (12m)	+56%+56%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+26%+26%

Property History

Listed for £180,000

October 28, 2024

Floor Plans

Description

HUGE SCOPE TO ADD VALUE +
COMPETITIVELY PRICED +
POPULAR NORDEN LOCATION +
CLOSE TO EXCELLENT AMENITIES AND SCHOOLS +
SOME MODERNISATION REQUIRED +
VIEWING HIGHLY RECOMMENDED +

Offering a fantastic opportunity in Norden, at a very competitive price for the area. Requiring some degree of modernisation, the property comprises of an entrance porch, lounge diner, kitchen, hallway and landing, three good sized bedrooms and a family bathroom. Externally, the property has a lawn to the front along with driveway and garage. To the rear is a decent sized lawned garden.

There are some works required to bring completely up to a modernised standard, but a lot of potential throughout.

Viewing highly recommended.

Agent Details

Nest Estates, Rochdale

01706 615049

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.

5 Bed House, Refurb/BRRR, Rochdale, OL11 5TH

£250,000

4 views • 8 months ago • 124 m²