3 Bed Terraced House, Refurb/BRRR, Rochdale, OL11 5BE, £170,000

Willbutts Lane, Spotland, Rochdale, Greater Manchester, OL11 5BE - 10 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£39K - £370K
Sold Prices/m²£392/m² - £3.5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£178,846

 

 

End Value (After Refurb)

£183,000

Uplift in Value

+-8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£39,324

Bridging Loan Interest

£4,463

Total Cash In

£95,237

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£183,000

Mortgage (After Refinance)

£137,250

Mortgage LTV

75%

Cash Released

£9,750

Cash Left In

£85,487

Equity

£45,750

Rent Range

£850 - £3,500

Rent Estimate

£1,084

Running Costs/mo

£809

Cashflow/mo

£275

Cashflow/yr

£3,304

ROI

3%

Gross Yield

8%

Local Sold Prices

49 sold prices from £39K to £370K, average is £170K. £392/m² to £3.5K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£120K05/210 mi19, Willbutts Lane, Rochdale, Greater Manchester OL11 5BE3
£210K08/240.03 mi7, Churchill Street, Rochdale, Greater Manchester OL11 5AB3
£124K09/210.03 mi7, Churchill Street, Rochdale, Greater Manchester OL11 5AB3
£125K02/210.03 mi8, Churchill Street, Rochdale, Greater Manchester OL11 5AB3
£127K01/210.07 mi22, Edenfield Road, Rochdale, Greater Manchester OL11 5AA3
£125K03/210.08 mi7, Viking Street, Rochdale, Greater Manchester OL11 5AD3
£185K11/230.08 mi7, Viking Street, Rochdale, Greater Manchester OL11 5AD3
£185K07/230.08 mi115, Edenfield Road, Rochdale, Greater Manchester OL11 5AE3
£160K03/230.08 mi141, Edenfield Road, Rochdale, Greater Manchester OL11 5AE3
£177K02/230.09 mi20, Oakfield Terrace, Rochdale, Greater Manchester OL11 5BG3
£158K06/210.09 mi5, Rooley Terrace, Rochdale, Greater Manchester OL12 7BN3
£140K05/210.09 mi17, Geneva Terrace, Rochdale, Greater Manchester OL11 5BJ3
£181K02/210.1 mi34, Edenfield Street, Rochdale, Greater Manchester OL12 7BP3
£130K09/230.1 mi24, Edenfield Street, Rochdale, Greater Manchester OL12 7BP3
£175K01/230.15 mi76, Willbutts Lane, Rochdale, Greater Manchester OL11 5BA3
£165K12/200.15 mi72, Willbutts Lane, Rochdale, Greater Manchester OL11 5BA3
£225K01/210.15 mi70, Willbutts Lane, Rochdale, Greater Manchester OL11 5BA3
£142K03/210.17 mi18, Falkland Avenue, Rochdale, Greater Manchester OL11 5BH3
£39K04/240.17 mi33, Falkland Avenue, Rochdale, Greater Manchester OL11 5BH3
£135K03/230.18 mi17, Woodstock Street, Rochdale, Greater Manchester OL12 7DG3
£170K12/230.18 mi150, Sandy Lane, Rochdale, Greater Manchester OL11 5DR3
£125K02/210.2 mi4, Rupert Street, Rochdale, Greater Manchester OL12 7DH3
£265K04/230.21 mi64, Ings Lane, Rochdale, Greater Manchester OL12 7AL3
£150K12/200.22 mi276, Spotland Road, Rochdale, Greater Manchester OL12 7AG3
£155K12/220.22 mi19, Verdun Crescent, Rochdale, Greater Manchester OL11 5DT3
£235K12/220.22 mi11, Madeley Gardens, Rochdale, Greater Manchester OL12 7BZ3
£170K12/220.24 mi25, Marne Crescent, Rochdale, Greater Manchester OL11 5DN3
£325K04/230.24 mi2, Tenby Grove, Rochdale, Greater Manchester OL12 7EN3
£225K04/240.25 mi16, Passmonds Crescent, Rochdale, Greater Manchester OL11 5AW3
£195K05/210.25 mi28, Passmonds Crescent, Rochdale, Greater Manchester OL11 5AW3
£213K10/230.25 mi33, Passmonds Crescent, Rochdale, Greater Manchester OL11 5AW3
£185K06/240.26 mi18, Belvoir Street, Rochdale, Greater Manchester OL12 7ET3
£155K11/200.26 mi44, Beaufort Street, Rochdale, Greater Manchester OL12 7EP3
£200K01/230.27 mi2, Denehurst Road, Rochdale, Greater Manchester OL11 5DU3
£165K05/240.27 mi9, Balfour Road, Rochdale, Greater Manchester OL12 7EH3
£227.5K12/200.28 mi8, Little Flatt, Rochdale, Greater Manchester OL12 7AU3
£157K08/210.29 mi146, Churchill Street, Rochdale, Greater Manchester OL12 7DL3
£205K10/230.3 mi28, Phyllis Street, Rochdale, Greater Manchester OL12 7NA3
£141.5K04/230.3 mi86, Sandy Lane, Rochdale, Greater Manchester OL11 5DG3
£370K01/230.33 mi259, Edenfield Road, Rochdale, Greater Manchester OL11 5AG3
£190K12/220.35 mi10, Further Pits, Rochdale, Greater Manchester OL11 5DF3
£195K08/230.35 mi3, Further Pits, Rochdale, Greater Manchester OL11 5DF3
£210K02/230.38 mi81, Hartley Street, Rochdale, Greater Manchester OL12 7NF3
£170K09/230.38 mi67, Hartley Street, Rochdale, Greater Manchester OL12 7NF3
£140K11/210.39 mi78, Cutgate Road, Rochdale, Greater Manchester OL12 7NN3
£163K12/220.45 mi33, Cutgate Road, Rochdale, Greater Manchester OL12 7NL3
£131K05/240.46 mi56, Cutgate Road, Rochdale, Greater Manchester OL12 7NL3
£263K05/210.46 mi24, Lynnwood Drive, Rochdale, Greater Manchester OL11 5YX3
£255K05/210.46 mi9, Lynnwood Drive, Rochdale, Greater Manchester OL11 5YX3

Local Rents

29 rents from £850/mo to £3.5K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£87511/240.18 mi-3
£97506/240.23 miGreat Flatt, Rochdale3
£1,22504/250.23 mi-3
£99506/240.24 mi-3
£95012/240.35 miFurther Pits, Rochdale, Greater Manchester, OL113
£1,20012/240.35 mi-3
£1,20003/250.35 mi-3
£90006/240.67 miRooley Moor Road, Rochdale3
£99512/240.7 miShawclough Road, Shawclough3
£95004/250.75 mi-3
£85010/230.76 mi-3
£1,07512/240.82 miMOUNTAIN ASH, Rooley Moor, Rochdale OL12 7JE3
£92501/250.85 mi-3
£1,20003/240.88 mi-3
£1,25006/241 miPartridge Close, Rochdale, Greater Manchester, OL113
£90006/241.01 mi52 Whitefield Avenue, Norden OL11 5YG3
£95006/241.04 mi-3
£90012/241.07 mi-3
£90012/241.07 miMere Street, Rochdale, OL113
£99506/241.12 miShelfield Lane Norden. 3
£1,40012/231.14 mi-3
£1,40012/231.14 mi-3
£1,30012/241.17 mi-3
£1,50002/241.21 mi-3
£1,40012/241.21 mi-3
£95006/241.21 mi-3
£95010/241.21 mi-3
£1,00004/251.22 mi-3
£3,50012/241.23 mi-3

Local Area Statistics

Population in OL11

45,506

Population in Rochdale

128,851

Town centre distance

1.22 miles away

Nearest school

0.10 miles away

Nearest train station

0.98 miles away

 

 

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Price changed to £170,000

March 4, 2025

Price changed to £190,000

January 19, 2025

Listed for £200,000

December 3, 2024

Floor Plans

Description

  • Freehold +
  • Chain Free +
  • Large Plot +
  • Gardens Front, Side & Rear +
  • Spacious End Terrace +
  • Two Double Bedrooms +
  • One Single Bedroom +
  • Lounge w/ Bay Window +
  • Kitchen Diner +
  • EPC: TBC +

A deceptively spacious end terraced house situated on a generous sized plot. In need of some modernisation, the property includes 3 bedrooms, lounge, kitchen diner and a family bathroom. Located close by to Norden village, as well as easy offering easy access to Rochdale town centre, viewing comes highly recommended. EPC: TBC.

Ryder & Dutton are pleased to bring to the market the deceptively spacious, end terraced house, free from chain. In need of some modernisation, the property will appeal to those looking for a family home and investors alike.

Internal inspection will reveal an entrance hall, a bright and spacious lounge with bay windows then the kitchen with storage room plus space for a dining area.

To the first floor is the landing, two double bedrooms, one singe bedroom and then the family bathroom.

Externally the property sits on a generous plot with gardens on three sides. To the rear is also a patio area, ideal for outdoor entertaining.

Located in Spotland, the property is only a short drive to both Norden village and Rochdale town centre which include plenty of good schools, shops and local amenities.

Viewing highly recommended.

EPC: TBC.

Agent Details

Ryder & Dutton, Rochdale

01706 335894

Next Steps?

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

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