2 Bed Terraced House, Single Let, Rochdale, OL11 3AE, £125,000

Manchester Road, Rochdale, OL11 3AE - 3 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£82K - £230K
Sold Prices/m²£1.2K/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£130,983
BMV5%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Total Cash In

£36,200

 

 

Cash Out

 

Rent Range

£650 - £990

Rent Estimate

£702

Running Costs/mo

£551

Cashflow/mo

£151

Cashflow/yr

£1,812

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £82K to £230K, average is £124.3K. £1.2K/m² to £3.8K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£122.5K04/230 mi578, Manchester Road, Rochdale, Greater Manchester OL11 3AE2
£120K01/230 mi576, Manchester Road, Rochdale, Greater Manchester OL11 3AE2
£95K11/200.05 mi9, Elizabeth Street, Rochdale, Greater Manchester OL11 3HY2
£124K07/230.05 mi27, Elizabeth Street, Rochdale, Greater Manchester OL11 3HY2
£105K06/240.09 mi10, Hillhouse Court, Rochdale, Greater Manchester OL11 3JT2
£155K03/240.1 mi30, Trevor Street, Rochdale, Greater Manchester OL11 3HZ2
£132K12/230.12 mi41, Nixon Street, Rochdale, Greater Manchester OL11 3JL2
£138.5K09/230.13 mi98, Kingsland Road, Rochdale, Greater Manchester OL11 3HQ2
£100.5K04/210.13 mi24, Ivor Street, Rochdale, Greater Manchester OL11 3JA2
£170K02/240.19 mi33, Borrowdale Drive, Rochdale, Greater Manchester OL11 3JZ2
£186K05/230.2 mi2, Farewell Close, Rochdale, Greater Manchester OL11 3DS2
£185.5K12/220.24 mi5, Chevron Close, Rochdale, Greater Manchester OL11 3LZ2
£115K03/210.24 mi7, Chevron Close, Rochdale, Greater Manchester OL11 3LZ2
£82K09/210.24 mi6, Smalley Street, Rochdale, Greater Manchester OL11 3DX2
£105K02/230.26 mi28, Ogden Street, Rochdale, Greater Manchester OL11 3DY2
£122K06/210.27 mi55, Meadway, Rochdale, Greater Manchester OL11 3NP2
£85K08/230.27 mi7, Ogden Street, Rochdale, Greater Manchester OL11 3DY2
£105.5K03/210.28 mi22, Partington Street, Rochdale, Greater Manchester OL11 3DL2
£121K07/230.29 mi23, Keswick Street, Rochdale, Greater Manchester OL11 3AG2
£145K01/240.3 mi66, Crescent Road, Rochdale, Greater Manchester OL11 3LG2
£135K04/230.31 mi17, Thirlmere Road, Rochdale, Greater Manchester OL11 3LJ2
£120K05/230.32 mi10, Stocks Street, Rochdale, Greater Manchester OL11 3DJ2
£144K02/230.35 mi20, Marland Avenue, Rochdale, Greater Manchester OL11 3LN2
£129.5K08/210.36 mi136, Bolton Road, Rochdale, Greater Manchester OL11 4QX2
£115K10/210.36 mi94, Bolton Road, Rochdale, Greater Manchester OL11 4QX2
£132K10/210.36 mi66, Royle Road, Rochdale, Greater Manchester OL11 3ET2
£103K10/200.36 mi58, Royle Road, Rochdale, Greater Manchester OL11 3ET2
£113K03/210.38 mi6, Sudden Street, Rochdale, Greater Manchester OL11 4PD2
£95K09/230.38 mi4, Sudden Street, Rochdale, Greater Manchester OL11 4PD2
£137K10/210.44 mi43, Rodney Street, Rochdale, Greater Manchester OL11 3DF2
£120K04/210.47 mi47, Heywood Road, Rochdale, Greater Manchester OL11 3BA2
£122.5K07/240.47 mi35, Heywood Road, Rochdale, Greater Manchester OL11 3BA2
£103K11/230.48 mi76, Rouse Street, Rochdale, Greater Manchester OL11 4PG2
£95K05/210.49 mi10, Progress Street, Rochdale, Greater Manchester OL11 3BH2
£112K11/200.49 mi6, Progress Street, Rochdale, Greater Manchester OL11 3BH2
£230K08/230.49 mi196, Heywood Road, Rochdale, Greater Manchester OL11 3BS2
£128K03/210.5 mi11, Progress Street, Rochdale, Greater Manchester OL11 3BH2
£127K04/230.5 mi12, Oakland Terrace, Rochdale, Greater Manchester OL11 3BJ2
£159.9K11/210.5 mi14, Southdown Close, Rochdale, Greater Manchester OL11 4PP2
£165K10/230.5 mi27, Southdown Close, Rochdale, Greater Manchester OL11 4PP2
£190K06/210.51 mi22, Manchet Street, Rochdale, Greater Manchester OL11 3BN2
£125K09/230.52 mi25, Law Street, Rochdale, Greater Manchester OL11 4PS2
£156K08/240.53 mi28, Disley Street, Rochdale, Greater Manchester OL11 4PU2
£110K03/240.55 mi346, Queensway, Rochdale, Greater Manchester OL11 2LZ2
£176K04/210.55 mi12, Fairway, Rochdale, Greater Manchester OL11 3BU2
£197K03/240.55 mi25, Fairway, Rochdale, Greater Manchester OL11 3BU2
£102K12/220.55 mi362, Queensway, Rochdale, Greater Manchester OL11 2LZ2
£137.5K03/210.57 mi63, Fairway, Rochdale, Greater Manchester OL11 3BZ2
£124.5K12/220.57 mi51, Newchurch Street, Rochdale, Greater Manchester OL11 2UP2
£132.5K07/210.57 mi31, St Aidans Close, Rochdale, Greater Manchester OL11 4PR2

Local Rents

13 rents from £650/mo to £990/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£75012/240.18 mi12 Colwyn Street, Castleton, Rochdale OL11 3JH 2
£75012/240.26 mi7 Ogden Street, Castleton, Rochdale OL11 3DY 2
£75012/240.27 mi25 Samuel Street, Castleton OL11 3EA 2
£99006/240.31 mi-2
£87503/250.37 mi-2
£77512/240.39 mi57 Partington Street, Castleton OL11 3DG 2
£90004/250.52 mi-2
£65012/240.55 miQueensway, Rochdale, Greater Manchester, OL112
£69511/230.55 mi-2
£79512/240.57 mi-2
£90004/250.61 mi-2
£85006/240.61 miMelville Street, Rochdale - 2 BEDROOMS PLUS LOFT ROOM2
£75012/240.62 miNewchurch Street, Rochdale2

Local Area Statistics

Population in OL11

45,506

Population in Rochdale

128,851

Town centre distance

2.37 miles away

Nearest school

0.40 miles away

Nearest train station

0.43 miles away

 

 

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £125,000

November 15, 2024

Sold for £90,000

2015

Sold for £70,000

2008

Sold for £24,950

1997

Floor Plans

Description

  • Well Presented Mid Terraced House +
  • Lounge w/ Fireplace +
  • Moden Fitted Kitchen w/ Dining Area +
  • 2 Good Sized Bedrooms +
  • Modern Bathroom w/ 4 Piece Suite +
  • Rear Patio Garden +
  • Train Station, Bus Routes & M62 All Nearby +
  • Council Tax: Band A +
  • EPC: D +

A well-presented traditional mid terraced house, briefly comprising of 2 bedrooms, lounge, kitchen diner, bathroom and a rear patio garden. Located in the increasingly popular village of Castleton the property is close by to the local train station, bus routes and the M62 motorway. The property will appeal to first time buyers and investors alike. Early viewing highly recommended. EPC: D.

Ryder & Dutton are pleased to bring to the market this well presented mid terraced house, which has been well looked after and is in a ready to move in condition. The property will appeal to both first time buyers & investors alike.

Internal inspection will reveal an entrance porch, the lounge with fireplace, then the modern kitchen with addition space for a dining area.

To the first floor is the landing, then the modern bathroom including 4 piece suite, the one single bedroom and finally the master bedroom.

Externally the property includes a good sized patio area.

The property is found within the increasingly popular village of Castleton, in a convenient position with a pleasant open aspect to the front. The property is well placed for access to local amenities which include shops, schools, swimming baths & a library, plus transport links provided by the nearby train station and junction 20 of the M62 which is just a short drive away.

Early viewing highly recommended.

EPC: D

Agent Details

Ryder & Dutton, Rochdale

01706 335894

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪