3 Bed Semi-Detached House, Refurb/BRRR, Oldham, OL8 4JF, £240,000
66 Merton Avenue, Oldham, Greater Manchester, OL8 4JF - 3 views - 4 months ago
Sold STC
Refurb/BRRR
Planning
ROI: 2%
~93 m²





+8 photos
ValuationOvervalued
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £60,000 |
Stamp Duty & Legal Fees | £8,400 |
Refurb Costs | £39,200 |
Bridging Loan Interest | £6,300 |
Total Cash In | £115,650 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £205,250 |
Mortgage (After Refinance) | £153,938 |
Mortgage LTV | 75% |
Cash Left In | £115,650 |
Equity | £51,313 |
Rent Range | £775 - £1,295 |
Rent Estimate | £1,072 |
Running Costs/mo | £876 |
Cashflow/mo | £196 |
Cashflow/yr | £2,354 |
ROI | 2% |
Gross Yield | 5% |
Local Rents
18 rents from £775/mo to £1.3K/mo, average is £1.1K/mo.
Local Area Statistics
Population in OL8 | 39,658 |
Population in Oldham | 182,174 |
Town centre distance | 2.04 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 1.02 miles away |
| |
Rental growth (12m) | +42% |
Sales demand | Balanced market |
Capital growth (5yrs) | +38% |
Property History
Listed for £240,000
November 28, 2024
Sold for £58,000
1996
Floor Plans

Description
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