4 Bed Semi-Detached House, Refurb/BRRR, Oldham, OL9 8DX, £220,000

Butterworth Lane, Chadderton, Oldham, Greater Manchester, OL9 8DX - 5 views - 4 months ago

Sold STC
Leasehold
Refurb/BRRR
~129 m²
+18 photos

ValuationUndervalued

Sold Prices£90K - £400K
Sold Prices/m²£886/m² - £3.6K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.7K/m²

Value Estimate

£257,500
BMV3%

 

 

End Value (After Refurb)

£300,386

Uplift in Value

+20%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£54,655

Bridging Loan Interest

£5,775

Total Cash In

£125,880

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£300,386

Mortgage (After Refinance)

£225,290

Mortgage LTV

75%

Cash Released

£60,290

Cash Left In

£65,590

Equity

£75,097

Rent Range

£895 - £3,000

Rent Estimate

£1,252

Running Costs/mo

£1,209

Cashflow/mo

£43

Cashflow/yr

£515

ROI

0%

Gross Yield

7%

Local Sold Prices

45 sold prices from £90K to £400K, average is £265K. £886/m² to £3.6K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£295K01/230.11 mi128, Parkfield Road North, Manchester, Greater Manchester M40 3RQ4
£245K04/210.28 mi322, Hollinwood Avenue, Chadderton, Oldham, Greater Manchester OL9 9NQ4
£215K05/210.29 mi314, Moston Lane East, Manchester, Greater Manchester M40 3HZ4
£330K08/220.29 mi322, Moston Lane East, Manchester, Greater Manchester M40 3HZ4
£240K03/230.31 mi261, Moston Lane East, Manchester, Greater Manchester M40 3HY4
£191K06/210.31 mi261, Moston Lane East, Manchester, Greater Manchester M40 3HY4
£320K09/230.35 mi149, Moston Lane East, Manchester, Greater Manchester M40 3GJ4
£220K10/200.38 mi2, Mandley Avenue, Manchester, Greater Manchester M40 3LE4
£220K04/210.46 mi2, Parkhurst Avenue, Manchester, Greater Manchester M40 3QW4
£90K03/240.48 mi11, Turf Lane, Chadderton, Oldham, Greater Manchester OL9 8HL4
£400K01/230.52 mi43, Belgrave Road, Manchester, Greater Manchester M40 3SR4
£300K05/210.52 mi31, Belgrave Road, Manchester, Greater Manchester M40 3SR4
£190K11/230.6 mi11, Blueberry Avenue, Manchester, Greater Manchester M40 0GE4
£327.5K07/230.64 mi6, Chauncy Road, New Moston, Manchester, Greater Manchester M40 3QR4
£181.5K06/230.65 mi661, Oldham Road, Failsworth, Manchester, Greater Manchester M35 9AS4
£200K07/230.74 mi5, Richmond Avenue, Chadderton, Oldham, Greater Manchester OL9 8LH4
£180K12/200.77 mi20, Wigsby Avenue, Manchester, Greater Manchester M40 0FL4
£244.9K01/210.77 mi23, Mabel Road, Failsworth, Manchester, Greater Manchester M35 9EW4
£215K11/200.78 mi329, Broadway, Chadderton, Oldham, Greater Manchester OL9 8RN4
£312K03/220.8 mi4, Merridale Road, Manchester, Greater Manchester M40 0AD4
£250K10/230.85 mi1, Ravenside Park, Chadderton, Oldham, Greater Manchester OL9 8PA4
£200K12/200.87 mi3, Ardale Avenue, Manchester, Greater Manchester M40 5QX4
£265K06/210.91 mi31, Kilmaine Avenue, Manchester, Greater Manchester M9 7FZ4
£189.3K02/210.91 mi35, Kilmaine Avenue, Manchester, Greater Manchester M9 7FZ4
£283K10/200.93 mi12, Rimsdale Drive, Moston, Manchester, Greater Manchester M40 0GN4
£347K09/220.93 mi32, Hinchley Road, Manchester, Greater Manchester M9 7FG4
£265K03/210.94 mi28, Hinchley Road, Manchester, Greater Manchester M9 7FG4
£270K08/210.94 mi24, Hinchley Road, Manchester, Greater Manchester M9 7FG4
£340K02/230.94 mi53, Hinchley Road, Manchester, Greater Manchester M9 7FG4
£316K10/220.95 mi16, Merridale Road, Manchester, Greater Manchester M40 0AD4
£210K04/230.95 mi86, Dean Street, Failsworth, Manchester, Greater Manchester M35 0DR4
£275K11/200.95 mi9, Ainsbrook Avenue, Manchester, Greater Manchester M9 7FJ4
£288K04/210.95 mi7, Ainsbrook Avenue, Manchester, Greater Manchester M9 7FJ4
£328K05/230.95 mi20, Merridale Road, Manchester, Greater Manchester M40 0AD4
£305K11/200.95 mi9, Merridale Road, Manchester, Greater Manchester M40 0AD4
£340K07/230.95 mi23, Merridale Road, Manchester, Greater Manchester M40 0AD4
£235K10/200.96 mi23, Grimshaw Avenue, Failsworth, Manchester, Greater Manchester M35 9JT4
£265K02/210.96 mi8, Grimshaw Avenue, Failsworth, Manchester, Greater Manchester M35 9JT4
£300K01/220.96 mi21, Rimsdale Drive, Manchester, Greater Manchester M40 0GN4
£185K02/210.98 mi69, Dean Street, Failsworth, Manchester, Greater Manchester M35 0DQ4
£210K10/200.98 mi6, Cheviot Close, Chadderton, Oldham, Greater Manchester OL9 8PR4
£275K08/210.98 mi35, Caspian Road, Manchester, Greater Manchester M9 7JB4
£330K03/230.98 mi14, Caspian Road, Manchester, Greater Manchester M9 7JB4
£318K04/210.99 mi5, Silverbirch Way, Failsworth, Manchester, Greater Manchester M35 9NZ4
£225K09/211 mi150, Denton Lane, Chadderton, Oldham, Greater Manchester OL9 8PS4

Local Rents

44 rents from £895/mo to £3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20008/240.09 miButterworth Lane, Chadderton, Oldham3
£1,02507/240.12 miMaple Grove, Oldham, Greater Manchester, M403
£1,10002/250.15 mi-3
£1,15002/250.18 mi-3
£2,00007/240.24 mi-3
£1,05012/240.26 mi-3
£1,50006/240.27 mi-3
£1,00007/240.34 miNorthfield Road, New Moston, Manchester3
£95010/240.35 mi-3
£95011/240.35 mi-3
£1,85009/240.35 mi-4
£1,25008/240.37 miWhitegate Road, Chadderton, Oldham3
£1,40006/240.37 mi-3
£1,20012/240.4 mi-3
£1,27509/240.4 miWhitegate Road, Chadderton, Oldham, OL93
£1,35011/240.4 mi-3
£1,35012/240.4 mi-3
£1,10006/240.4 miWelbeck Avenue, Chadderton, Oldham3
£95007/240.4 mi-3
£95006/240.4 miRoss Avenue, Chadderton, Oldham, OL93
£1,09508/240.41 mi-3
£1,75003/250.41 mi-3
£1,00005/240.42 miMoston Lane East, New Moston, Manchester3
£1,10006/240.46 miNevin Road, Manchester, M403
£1,10007/240.46 miNevin Road, Manchester, M403
£1,20001/250.46 mi-3
£1,25007/240.46 miHaddon Avenue, Manchester3
£1,20005/240.46 mi-3
£1,10005/240.47 mi-3
£1,30008/240.5 miBorland Avenue, New Moston, Manchester, M403
£1,20008/240.51 mi-3
£1,20012/230.53 mi-3
£1,25006/240.56 mi-3
£89506/240.59 miCoalshaw Green Road, Chadderton, Oldham3
£3,00002/250.6 mi-3
£1,40005/240.6 miChauncy Road, Manchester3
£1,60011/240.61 mi-3
£1,70007/240.61 miBlueberry Avenue, Manchester, M403
£1,35005/240.61 mi-3
£1,35008/240.61 mi-3
£1,40012/240.61 mi-3
£1,45008/240.61 mi-3
£1,50001/250.61 mi-3
£1,09501/240.62 mi-3

Local Area Statistics

Population in OL9

40,528

Population in Oldham

182,174

Town centre distance

3.19 miles away

Nearest school

0.10 miles away

Nearest train station

0.44 miles away

 

 

Rental growth (12m)

+27%

Sales demand

Seller's market

Capital growth (5yrs)

+53%

Property History

Price changed to £220,000

December 27, 2024

Listed for £250,000

November 5, 2024

Floor Plans

Description

  • CHAIN FREE +
  • LEASEHOLD 999yrs FROM 1935 +
  • GROUND RENT £25 P/A +
  • TAX BAND C | EPC D +
  • DOUBLE EXTENSION +
  • SEMI-DETACHED +
  • FOUR BEDROOMS +
  • CORNER PLOT +
  • DRIVEWAY AND GARAGE +

CHAIN FREE | An extended four bedroom semi-detached enjoying a corner plot offering a fantastic opportunity for family buyers. EPC - D

NO VENDOR CHAIN

A double extended, four bedroom semi-detached property enjoying a corner plot on Butterworth Lane in South Chadderton. Requiring some modernisation, the property nevertheless boasts huge potential to turn into a superb family home!

Boasting driveway parking, the property has a neatly maintained front garden affording plenty of kerb appeal with a detached garage to the side and an easy maintenance and private back garden.

Enjoying plenty of natural light throughout, the property features generous living spaces with ample scope to put your own stamp on and make your own. To the ground floor, there is a welcoming entrance allway leading into the front lounge on your left with bay-window. There is then a large open-plan dining and sitting area with French doors overlooking the garden, a versatile space perfect for larger families. Through to the rear is a good sized kitchen with further access to the back garden. To the first floor there are four well-proportioned bedrooms with a modern shower room and separate WC completing the accommodation.

A much sought after area, the property is within a short distance of excellent commuter links with the nearest junctions for the M60 within less than 1 mile and the closest Metrolink station just over half a mile away. There are local shops and amenities nearby plus well-regarded schools including Whitegate End Primary just round the corner.

Agent Details

Ryder & Dutton, Chadderton

0161 524 3010

Next Steps?

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