3 Bed Semi-Detached House, Refurb/BRRR, Rochdale, OL11 5XY, £200,000

Shelfield Lane, Norden, OL11 5XY - 5 views - 6 months ago

Refurb/BRRR
~93 m²
+17 photos

ValuationUndervalued

Sold Prices£100K - £590K
Sold Prices/m²£1.1K/m² - £4.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£217,150
BMV1%

 

 

End Value (After Refurb)

£252,960

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,650

Refurb Costs

£39,324

Bridging Loan Interest

£5,250

Total Cash In

£103,974

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£252,960

Mortgage (After Refinance)

£189,720

Mortgage LTV

75%

Cash Released

£39,720

Cash Left In

£64,254

Equity

£63,240

Rent Range

£875 - £1,250

Rent Estimate

£1,033

Running Costs/mo

£1,017

Cashflow/mo

£16

Cashflow/yr

£191

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £100K to £590K, average is £231.3K. £1.1K/m² to £4.9K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£205K10/230.02 mi72, Shelfield Lane, Rochdale, Greater Manchester OL11 5XY3
£170K05/210.02 mi89, Shelfield Lane, Rochdale, Greater Manchester OL11 5XY3
£307K09/230.03 mi28, Inglefield, Rochdale, Greater Manchester OL11 5XL3
£200K10/230.03 mi8, Inglefield, Rochdale, Greater Manchester OL11 5XL3
£222.5K01/230.04 mi4, Inglefield, Rochdale, Greater Manchester OL11 5XL3
£247.5K07/230.06 mi57, Elmsfield Avenue, Rochdale, Greater Manchester OL11 5XW3
£162K12/200.07 mi39, Brooks End, Rochdale, Greater Manchester OL11 5XX3
£175K11/200.07 mi29, Brooks End, Rochdale, Greater Manchester OL11 5XX3
£197K12/200.09 mi38, Elmsfield Avenue, Rochdale, Greater Manchester OL11 5XN3
£230K04/240.09 mi66, Elmsfield Avenue, Rochdale, Greater Manchester OL11 5XN3
£171K12/200.12 mi17, Westfield Close, Rochdale, Greater Manchester OL11 5XB3
£178.5K04/210.14 mi39, Shelfield Lane, Rochdale, Greater Manchester OL11 5YD3
£250K02/230.14 mi664, Edenfield Road, Rochdale, Greater Manchester OL12 7QE3
£232.5K06/210.15 mi2, Highwood, Rochdale, Greater Manchester OL11 5XP3
£225K03/240.16 mi734, Edenfield Road, Rochdale, Greater Manchester OL12 7PP3
£206K11/200.18 mi103, Elmsfield Avenue, Rochdale, Greater Manchester OL11 5XA3
£240K07/230.19 mi21, Martins Field, Rochdale, Greater Manchester OL12 7NT3
£165K03/210.2 mi622, Edenfield Road, Rochdale, Greater Manchester OL12 7QE3
£185K12/200.2 mi634, Edenfield Road, Rochdale, Greater Manchester OL12 7QE3
£410K09/210.2 mi23, Moor Hill, Rochdale, Greater Manchester OL11 5YB3
£220K09/210.2 mi14, Shaddock Avenue, Rochdale, Greater Manchester OL12 7QA3
£276K05/240.2 mi10, Wallwork Close, Rochdale, Greater Manchester OL11 5FB3
£327K07/230.2 mi7, Clayfield Drive, Rochdale, Greater Manchester OL11 5RL3
£270K07/240.23 mi53, Shawfield Lane, Rochdale, Greater Manchester OL12 7RQ3
£335K07/230.23 mi62, Fisherfield, Rochdale, Greater Manchester OL12 7QS3
£100K03/210.27 mi28, Ashbourne Street, Rochdale, Greater Manchester OL11 5SW3
£225K12/220.28 mi151, Elmsfield Avenue, Rochdale, Greater Manchester OL11 5XA3
£370K12/220.3 mi1, Chepstow Close, Rochdale, Greater Manchester OL11 5TR3
£280K12/200.31 mi26, Bagslate Moor Road, Rochdale, Greater Manchester OL11 5XT3
£220K12/230.31 mi4, Seven Acres Lane, Rochdale, Greater Manchester OL12 7RL3
£220K06/230.34 mi68, Keepers Drive, Rochdale, Greater Manchester OL12 7RH3
£230K01/210.34 mi4, Keepers Drive, Rochdale, Greater Manchester OL12 7RH3
£345K02/230.34 mi66, Keepers Drive, Rochdale, Greater Manchester OL12 7RH3
£260K09/230.34 mi13, Keepers Drive, Rochdale, Greater Manchester OL12 7RH3
£290K03/210.36 mi14, Oakshaw Drive, Rochdale, Greater Manchester OL12 7PF3
£192K06/210.36 mi47, Oakshaw Drive, Rochdale, Greater Manchester OL12 7PF3
£227.5K04/210.36 mi69, Oakshaw Drive, Rochdale, Greater Manchester OL12 7PF3
£131K11/220.36 mi61, Oakshaw Drive, Rochdale, Greater Manchester OL12 7PF3
£250K06/210.36 mi42, Oakshaw Drive, Rochdale, Greater Manchester OL12 7PF3
£215.5K10/230.36 mi49, Oakshaw Drive, Rochdale, Greater Manchester OL12 7PF3
£242K11/220.36 mi59, Oakshaw Drive, Rochdale, Greater Manchester OL12 7PF3
£376.5K11/230.38 mi22, Farnley Close, Rochdale, Greater Manchester OL12 7SQ3
£305K01/230.4 mi14, Bramley Road, Rochdale, Greater Manchester OL11 5QN3
£161K08/210.41 mi707, Edenfield Road, Rochdale, Greater Manchester OL11 5SX3
£285K06/210.42 mi63, Seven Acres Lane, Rochdale, Greater Manchester OL12 7RW3
£318K12/230.42 mi51, Seven Acres Lane, Rochdale, Greater Manchester OL12 7RW3
£280K12/200.42 mi93, Seven Acres Lane, Rochdale, Greater Manchester OL12 7RW3
£270K12/200.42 mi1, Linnell Drive, Rochdale, Greater Manchester OL11 5QP3
£248K11/200.43 mi5, Wickentree Holt, Rochdale, Greater Manchester OL12 7PQ3
£590K03/230.44 mi39, Norford Way, Rochdale, Greater Manchester OL11 5QS3

Local Rents

19 rents from £875/mo to £1.3K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£99506/240.02 miShelfield Lane Norden. 3
£95006/240.07 mi-3
£95010/240.07 mi-3
£95006/240.1 mi-3
£90006/240.15 mi52 Whitefield Avenue, Norden OL11 5YG3
£1,00004/250.34 mi-3
£1,25006/240.66 miPartridge Close, Rochdale, Greater Manchester, OL113
£1,15004/250.87 mi-3
£99506/240.87 miWar Office Road, Bamford, Rochdale, OL113
£90006/240.92 miRooley Moor Road, Rochdale3
£97506/240.95 miGreat Flatt, Rochdale3
£1,25006/240.96 miCranbourne Road, Bamford, OL11 5JD3
£1,07512/241 miMOUNTAIN ASH, Rooley Moor, Rochdale OL12 7JE3
£92501/251.03 mi-3
£87511/241.16 mi-3
£1,22504/251.19 mi-3
£95012/241.23 miFurther Pits, Rochdale, Greater Manchester, OL113
£1,20012/241.23 mi-3
£1,20003/251.23 mi-3

Local Area Statistics

Population in OL11

45,506

Population in Rochdale

128,851

Town centre distance

2.31 miles away

Nearest school

0.30 miles away

Nearest train station

2.12 miles away

 

 

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Price changed to £200,000

February 12, 2025

Listed for £215,000

November 13, 2024

Floor Plans

Description

  • No Chain +
  • Semi-Detached +
  • Three Bedrooms +
  • Breakfast Kitchen +
  • Front & Rear Gardens +
  • Aspect Views to Rear +
  • Driveway Parking +
  • Further Development Potential +
  • Modernisation Required +
  • First Time Buyer or Family Home +

This attractive 3-bedroom semi-detached house presents a fantastic opportunity for first-time buyers or families looking to put down roots in a sought-after location. Situated on a quiet residential street, this property boasts a spacious lounge, breakfast kitchen, front and rear gardens, driveway parking and stunning open aspect views to the rear. With no onward chain, this home offers the chance for a smooth and hassle-free move-in process. The spacious interior also includes three bedrooms to the first floor and three piece bathroom and provides further development potential, making it an ideal canvas for those looking to put their own stamp on a property. While some modernisation is required, the layout and structure of this home offer a solid foundation for creating a comfortable and stylish living space.

Outside, the property features a well-maintained lawned front garden with planting beds along the borders and gated access to the rear garden. The rear garden offers a private sanctuary with a paved patio seating area, perfect for al fresco dining or relaxing with a morning coffee. Beyond the garden, residents can enjoy stunning open aspect views over the picturesque Norden landscape, providing a peaceful backdrop to every-day life. Additionally, the paved driveway parking ensures convenience for homeowners and visitors alike. Whether you're looking to enjoy the tranquillity of the outdoors or entertain guests in a welcoming setting, this property offers the best of both worlds with its charming interior and delightful outside spaces. Internal viewings come highly recommended to fully appreciate the size, position and potential.

Agent Details

Revilo Homes, Rochdale

01706 335864

Next Steps?

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