3 Bed Detached House, Refurb/BRRR, Rochdale, OL12 7JQ, £230,000

Elmpark Way, Norden, Rochdale OL12 7JQ7JQ - 5 months ago

Under Offer
Refurb/BRRR
~101 m²
+13 photos

ValuationFair Value

Sold Prices£100K - £325K
Sold Prices/m²£1.3K/m² - £4.1K/m²

 

 

Square Metres

~100.90 m²
Price/m²£2.3K/m²

Value Estimate

£234,600

 

 

End Value (After Refurb)

£244,831

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£42,530

Bridging Loan Interest

£6,038

Total Cash In

£120,517

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£244,831

Mortgage (After Refinance)

£183,623

Mortgage LTV

75%

Cash Released

£11,123

Cash Left In

£109,394

Equity

£61,208

Rent Range

£850 - £1,225

Rent Estimate

£982

Running Costs/mo

£981

Cashflow/mo

£1

Cashflow/yr

£6

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £100K to £325K, average is £215K. £1.3K/m² to £4.1K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£175K08/210.01 mi29, Elmpark Way, Rochdale, Greater Manchester OL12 7JQ3
£275K12/220.06 mi72, Elmpark Grove, Rochdale, Greater Manchester OL12 7JT3
£200K06/210.06 mi64, Elmpark Grove, Rochdale, Greater Manchester OL12 7JT3
£267K12/200.06 mi78, Elmpark Grove, Rochdale, Greater Manchester OL12 7JT3
£200K02/230.06 mi5, Elmpark Way, Rochdale, Greater Manchester OL12 7JQ3
£275K09/230.08 mi32, Elmpark View, Rochdale, Greater Manchester OL12 7JR3
£172K10/230.09 mi94, Mountain Ash, Rochdale, Greater Manchester OL12 7JF3
£175.5K11/210.09 mi118, Mountain Ash, Rochdale, Greater Manchester OL12 7JF3
£242.5K07/210.1 mi563, Rooley Moor Road, Rochdale, Greater Manchester OL12 7JG3
£270K08/210.1 mi588, Rooley Moor Road, Rochdale, Greater Manchester OL12 7JG3
£225K04/210.1 mi598, Rooley Moor Road, Rochdale, Greater Manchester OL12 7JG3
£280K12/230.1 mi598, Rooley Moor Road, Rochdale, Greater Manchester OL12 7JG3
£180K02/210.12 mi14, Rowan Close, Rochdale, Greater Manchester OL12 7JL3
£193K02/210.12 mi7, Rowan Close, Rochdale, Greater Manchester OL12 7JL3
£118K04/210.12 mi31, Mountain Ash, Rochdale, Greater Manchester OL12 7JD3
£100K11/200.18 mi29, Stonehill Road, Rochdale, Greater Manchester OL12 7JJ3
£250K05/210.21 mi16, Stonehill Drive, Rochdale, Greater Manchester OL12 7JN3
£170K03/210.28 mi12, Harland Way, Rochdale, Greater Manchester OL12 7GQ3
£210K07/230.28 mi18, Whitemoss, Rochdale, Greater Manchester OL12 7GF3
£249K09/210.28 mi8, Whitemoss, Rochdale, Greater Manchester OL12 7GF3
£215K04/240.28 mi11, Whitemoss, Rochdale, Greater Manchester OL12 7GF3
£220K05/230.31 mi38, Thornlea Drive, Rochdale, Greater Manchester OL12 7GD3
£249.9K08/210.31 mi5, Downley Close, Rochdale, Greater Manchester OL12 7GJ3
£215K11/230.31 mi2, Downley Close, Rochdale, Greater Manchester OL12 7GJ3
£207K03/210.34 mi400, Shawclough Road, Rochdale, Greater Manchester OL12 7HR3
£225K02/210.34 mi403a, Shawclough Road, Rochdale, Greater Manchester OL12 7HR3
£291K08/230.34 mi403, Shawclough Road, Rochdale, Greater Manchester OL12 7HR3
£235K12/220.34 mi8, Hargate Avenue, Rochdale, Greater Manchester OL12 7GL3
£270K12/230.34 mi4, Hargate Avenue, Rochdale, Greater Manchester OL12 7GL3
£225K06/230.34 mi15, Hargate Avenue, Rochdale, Greater Manchester OL12 7GL3
£161K02/210.37 mi4, Brackenlea Fold, Rochdale, Greater Manchester OL12 7GG3
£325K02/210.39 mi1, Judith Street, Rochdale, Greater Manchester OL12 7HS3
£135K04/240.39 mi89, Brotherod Hall Road, Rochdale, Greater Manchester OL12 7ED3
£145K02/230.41 mi3, Ings Avenue, Rochdale, Greater Manchester OL12 7LH3
£250K02/230.42 mi14, Stocksgate, Rochdale, Greater Manchester OL12 7LW3
£210K08/210.43 mi22, Stocksgate, Rochdale, Greater Manchester OL12 7LW3
£225K08/230.43 mi38, Stocksgate, Rochdale, Greater Manchester OL12 7LW3
£180K03/210.43 mi36, Stocksgate, Rochdale, Greater Manchester OL12 7LW3
£242K05/240.43 mi10, Stocksgate, Rochdale, Greater Manchester OL12 7LW3
£195K04/210.46 mi35, Coppingford Close, Rochdale, Greater Manchester OL12 7PR3
£235K04/230.46 mi20, Coppingford Close, Rochdale, Greater Manchester OL12 7PR3
£197.5K02/210.46 mi18, Coppingford Close, Rochdale, Greater Manchester OL12 7PR3
£182.5K09/210.47 mi29, The Windrush, Rochdale, Greater Manchester OL12 6DY3
£200K01/210.47 mi45, The Windrush, Rochdale, Greater Manchester OL12 6DY3
£135K08/230.49 mi7, Shawclough Way, Rochdale, Greater Manchester OL12 7HF3
£230K12/200.49 mi29, Shawclough Way, Rochdale, Greater Manchester OL12 7HF3
£230K04/240.49 mi16, Cottage Walk, Rochdale, Greater Manchester OL12 6DZ3
£215K07/240.49 mi4, Cottage Walk, Rochdale, Greater Manchester OL12 6DZ3
£207K02/210.5 mi4, Columbine Close, Rochdale, Greater Manchester OL12 7UJ3
£270K06/230.51 mi12, Willowmead Way, Rochdale, Greater Manchester OL12 7PX3

Local Rents

15 rents from £850/mo to £1.2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£92501/250.1 mi-3
£1,07512/240.13 miMOUNTAIN ASH, Rooley Moor, Rochdale OL12 7JE3
£90006/240.28 miRooley Moor Road, Rochdale3
£99512/240.61 miShawclough Road, Shawclough3
£97506/240.75 miGreat Flatt, Rochdale3
£87511/240.8 mi-3
£1,00004/250.83 mi-3
£95006/241 mi-3
£99506/241.02 miShelfield Lane Norden. 3
£90006/241.03 mi52 Whitefield Avenue, Norden OL11 5YG3
£95006/241.09 mi-3
£95010/241.09 mi-3
£85010/231.12 mi-3
£1,22504/251.16 mi-3
£99506/241.19 mi-3

Local Area Statistics

Population in OL12

45,900

Population in Rochdale

128,851

Town centre distance

1.64 miles away

Nearest school

0.30 miles away

Nearest train station

1.75 miles away

 

 

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Listed for £230,000

November 15, 2024

Floor Plans

Description

  • DETACHED THREE BEDROOM DORMA - BUNGALOW +
  • OPEN PLAN LOUNGE / DINER +
  • KITCHEN / BREAKFAST AREA +
  • BATHROOM & SEPERATE W/C +
  • THREE DOUBLE BEDROOMS +
  • LARGE DRIVEWAY LEADING TO A DETACHED GARAGE +
  • MANICURED LAWNS & GARDENS TO BOTH FRONT & BACK +
  • BREATH TAKING OPEN ASPECT VIEWS TO THE FRONT +
  • IN NEED OF MODERNISATION +
  • VIEWINGS COME HIGHLY RECOMMENDED +

NO CHAIN: IN NEED OF MODERNISATION - THREE-BEDROOM DETACHED DORMA BUNGALOW, STUNNING LAWNS AND GARDENS TO THE FRONT AND REAR, DRIVEWAY TO FRONT AND SIDE LEADING TO A DETACHED GARAGE AND EXCEPTIONAL OPEN ASPECT VIEWS TO THE FRONT.
Andrew Kelly and Associates are extremely delighted to offer for sale WITH NO CHAIN this THREE BEDROOM detached dorma bungalow, situated in a convenient location, close to Healey Dell Nature Reserve, and the areas of Norden & Bamford, with easy access to Rochdale, Heywood and Bury, which provides a good selection of local amenities including a number of independent shops, excellent schools, bars and restaurants close to the Motorway network with easy access to Leeds, Manchester, and Liverpool. This property sits in a semi-rural location offering some fantastic scenic walks within the surrounding countryside, as well as fantastic open aspect views to the front of the home. The accommodation benefits from gas central heating and double glazing throughout, comprising briefly of an entrance hallway, open plan lounge through diner, double bedroom, separate W/C and bathroom, kitchen and breakfast area. To the first floor are two double bedrooms with additional storage space in the eaves (both enjoy stunning open aspect countryside views). Externally to the front and back, the home enjoys large, manicured lawn gardens with well-stocked, well-presented borders and driveway to the front and side with parking for two / three family saloon cars leading to a detached garage. The home enjoys to the front, breath taking open aspect views of the surrounding countryside.
THE HOME IS IN NEED OF MODERNISATION AND OFFERS A FANTASTIC OPPORTUNITY, VIEWINGS COME HIGHLY RECOMMENDED TO FULLY APPRECIATE THE SIZE AND LOCATION ON OFFER.

Agent Details

Andrew Kelly, Rochdale and Surrounding

01706 335876

Next Steps?

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