2 Bed Terraced House, Refurb/BRRR, Rochdale, OL16 4TG, £65,000

25 Lower Street, Rochdale, Greater Manchester, OL16 4TG - 5 views - 5 months ago

Sold STC
Leasehold
Auction
Refurb/BRRR
ROI: 9%
61 m²
+3 photos

ValuationUndervalued

Sold Prices£55K - £167.5K
Sold Prices/m²£867/m² - £3.5K/m²

 

 

Square Metres

61 m²
Price/m²£1.1K/m²

Value Estimate

£66,950
BMV3%

 

 

End Value (After Refurb)

£112,524

Uplift in Value

+73%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£3,150

Refurb Costs

£25,712

Bridging Loan Interest

£1,706

Total Cash In

£48,568

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£112,524

Agent Fees (1%)

£1,125

Bridging Loan

£48,750

Bridging Loan Interest

£1,706

Flip Profit

£14,081

Local Sold Prices

50 sold prices from £55K to £167.5K, average is £109K. £867/m² to £3.5K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£60K12/200 mi27, Lower Street, Rochdale, Greater Manchester OL16 4TG2
£122K12/220.04 mi94, Clarendon Street, Rochdale, Greater Manchester OL16 4UB2
£155K07/240.06 mi100, Clarendon Street, Rochdale, Greater Manchester OL16 4UB2
£104K08/210.06 mi5, Burlington Street, Rochdale, Greater Manchester OL11 2EX2
£127.5K02/240.06 mi3, Burlington Street, Rochdale, Greater Manchester OL11 2EX2
£78K04/230.08 mi58, Watkin Street, Rochdale, Greater Manchester OL16 4UJ2
£100K01/230.08 mi61, Watkin Street, Rochdale, Greater Manchester OL16 4UJ2
£145K04/240.08 mi32, Charlotte Street, Rochdale, Greater Manchester OL16 4TJ2
£160K10/230.08 mi60, Charlotte Street, Rochdale, Greater Manchester OL16 4TJ2
£88K04/210.08 mi54, Charlotte Street, Rochdale, Greater Manchester OL16 4TJ2
£106.5K09/230.09 mi39, Greenfield Street, Rochdale, Greater Manchester OL11 2JX2
£85K06/240.09 mi47, Greenfield Street, Rochdale, Greater Manchester OL11 2JX2
£132.5K02/210.1 mi22, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TZ2
£122.5K04/210.12 mi8, Buersil Avenue, Rochdale, Greater Manchester OL16 4TP2
£100K06/210.14 mi23, Watkin Street, Rochdale, Greater Manchester OL16 4UH2
£127K09/230.14 mi10, Watkin Street, Rochdale, Greater Manchester OL16 4UH2
£90K11/230.14 mi15, Watkin Street, Rochdale, Greater Manchester OL16 4UH2
£78.5K11/200.18 mi597, Oldham Road, Rochdale, Greater Manchester OL16 4SU2
£140K12/230.19 mi67, Queen Victoria Street, Rochdale, Greater Manchester OL11 2HF2
£167.5K10/230.2 mi11, Stiups Lane, Rochdale, Greater Manchester OL16 4XR2
£114K12/200.21 mi20, Broad Lane, Rochdale, Greater Manchester OL16 4PG2
£102K03/210.22 mi47, Broad Lane, Rochdale, Greater Manchester OL16 4PL2
£135K07/230.22 mi15, Schofield Street, Rochdale, Greater Manchester OL11 1BA2
£140K11/220.24 mi84, Buersil Avenue, Rochdale, Greater Manchester OL16 4TR2
£135K08/230.26 mi1, Crown Gardens, Rochdale, Greater Manchester OL16 5LG2
£100K05/240.27 mi114, Queensway, Rochdale, Greater Manchester OL11 1TJ2
£60K03/210.28 mi32, Well Street, Rochdale, Greater Manchester OL11 1AX2
£81.5K01/210.28 mi15, Well Street, Rochdale, Greater Manchester OL11 1AX2
£108K11/200.3 mi73, Percy Street, Rochdale, Greater Manchester OL16 5LF2
£111.8K09/230.3 mi2, Great Gates Close, Rochdale, Greater Manchester OL11 2HW2
£113K02/240.3 mi14, Great Gates Close, Rochdale, Greater Manchester OL11 2HW2
£152K11/220.31 mi79, Percy Street, Rochdale, Greater Manchester OL16 5LF2
£67.5K12/200.33 mi37, Prince Street, Rochdale, Greater Manchester OL16 5LL2
£94.5K06/230.33 mi15, Prince Street, Rochdale, Greater Manchester OL16 5LL2
£90K03/240.33 mi9, Prince Street, Rochdale, Greater Manchester OL16 5LL2
£92K06/210.35 mi107, Prince Street, Rochdale, Greater Manchester OL16 5LJ2
£75K12/200.35 mi110, Prince Street, Rochdale, Greater Manchester OL16 5LJ2
£148K02/240.35 mi87, Prince Street, Rochdale, Greater Manchester OL16 5LJ2
£125K10/230.35 mi73, Prince Street, Rochdale, Greater Manchester OL16 5LJ2
£83K03/210.39 mi86, Royds Street, Rochdale, Greater Manchester OL16 5JS2
£105K02/230.39 mi10, Sandfield Road, Rochdale, Greater Manchester OL16 5LE2
£152K02/230.39 mi19, Sandfield Road, Rochdale, Greater Manchester OL16 5LE2
£80K03/210.41 mi10, Moss Mill Street, Rochdale, Greater Manchester OL16 5JX2
£110K02/240.41 mi27, Moss Mill Street, Rochdale, Greater Manchester OL16 5JX2
£120K12/220.43 mi10, Moss Mill Street, Rochdale, Greater Manchester OL16 5JX2
£115K12/220.44 mi9, Tennyson Street, Rochdale, Greater Manchester OL11 1LY2
£120K10/230.44 mi35, Muriel Street, Rochdale, Greater Manchester OL16 5JQ2
£104K01/240.45 mi20, Woodbine Street East, Rochdale, Greater Manchester OL16 5LB2
£115K05/230.45 mi98, Woodbine Street East, Rochdale, Greater Manchester OL16 5LB2
£55K01/230.46 mi165, Royds Street, Rochdale, Greater Manchester OL16 5JZ2

Local Rents

12 rents from £650/mo to £950/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£89512/240.1 mi-2
£92504/250.1 mi-2
£89504/250.15 mi-2
£85012/240.3 miPercy Street, Rochdale2
£89504/250.31 mi-2
£80012/240.36 miPrince Street, Rochdale2
£85006/240.37 miRhodes Crescent, Rochdale2
£87504/250.43 mi-2
£65006/240.46 miCanberra Way, Balderstone Place, Rochdale, Lancashire, OL112
£95003/250.48 mi-2
£92512/240.57 mi-2
£92503/250.61 mi-2

Local Area Statistics

Population in OL16

37,246

Population in Rochdale

128,851

Town centre distance

1.71 miles away

Nearest school

0.10 miles away

Nearest train station

0.69 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £65,000

November 21, 2024

Sold for £26,450

2002

Floor Plans

Description

  • Two Bedroom Mid Terraced Property +
  • For Sale Via Modern Method of Auction +
  • In Need of Upgrade / Modernisation +
  • Close to Local Amenities +
  • Ideal Investment Opportunity +
  • Auction Fees Apply +
  • Vacant Possession +
  • Good Transport Links +

FOR SALE VIA MODERN METHOD OF AUCTION ADAMSONS BARTON KENDAL are pleased to offer for sale this two bedroom mid terraced property situated in the popular area of Lowerplace with a wealth of amenities on its doorstep including shops and school. The property is offered for sale with vacant possession, and despite being in need of upgrade and modernisation, represents an excellent investment opportunity. Accommodation comprises internally of a spacious lounge with staircase, kitchen/diner to the first floor, with two double bedrooms and a family bathroom on the first floor. Externally, the property has a small fenced yard to the rear with alleyway access. There is street parking readily available. 

AUCTIONEERS COMMENTS This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,500.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Agent Details

Barton Kendal Residential, Rochdale

01706 335900

Next Steps?

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