2 Bed Bungalow, Refurb/BRRR, Oldham, OL2 5SD, £169,950

34 Queensgate Drive, Royton, Oldham, OL2 5SD - 4 months ago

Refurb/BRRR
~96 m²
+5 photos

ValuationFair Value

Sold Prices£95K - £290K
Sold Prices/m²£1.2K/m² - £4.2K/m²

 

 

Square Metres

~95.89 m²
Price/m²£1.8K/m²

Value Estimate

£169,950

 

 

End Value (After Refurb)

£237,178

Uplift in Value

+40%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,488

Stamp Duty & Legal Fees

£10,597

Refurb Costs

£40,487

Bridging Loan Interest

£4,461

Total Cash In

£99,782

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£237,178

Mortgage (After Refinance)

£177,883

Mortgage LTV

75%

Cash Released

£50,421

Cash Left In

£49,361

Equity

£59,294

Rent Range

£795 - £995

Rent Estimate

£886

Running Costs/mo

£938

Cashflow/mo

£-52

Cashflow/yr

£-629

Gross Yield

6%

Local Sold Prices

50 sold prices from £95K to £290K, average is £158.3K. £1.2K/m² to £4.2K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£143K04/210.01 mi5, Queensgate Drive, Royton, Oldham, Greater Manchester OL2 5SD2
£152K09/210.06 mi413, Rochdale Road, Royton, Oldham, Greater Manchester OL2 5SL2
£142K06/210.09 mi448, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6TS2
£260K01/240.09 mi422, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6TS2
£167.6K09/230.13 mi8, Cemetery Road, Royton, Oldham, Greater Manchester OL2 5SP2
£218K02/210.13 mi4, Chapelway Gardens, Royton, Oldham, Greater Manchester OL2 6UQ2
£110K05/210.17 mi327, Rochdale Road, Royton, Oldham, Greater Manchester OL2 5SN2
£149.9K02/210.17 mi552, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6SF2
£152K03/210.17 mi524, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6SF2
£154K04/210.17 mi528, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6SF2
£174.9K03/230.17 mi554, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6SF2
£174K01/240.22 mi294, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6UF2
£263.8K05/210.24 mi5, Parklands, Royton, Oldham, Greater Manchester OL2 5YN2
£159.9K06/210.25 mi10, Glen Grove, Royton, Oldham, Greater Manchester OL2 5SY2
£195K06/230.25 mi34, Glen Grove, Royton, Oldham, Greater Manchester OL2 5SY2
£185K01/230.26 mi562, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6SH2
£158.5K04/210.26 mi297, Rochdale Road, Royton, Oldham, Greater Manchester OL2 5SX2
£201K10/230.29 mi58, Fir Lane, Royton, Oldham, Greater Manchester OL2 6TY2
£174K06/230.29 mi52, Fir Lane, Royton, Oldham, Greater Manchester OL2 6TY2
£191K01/230.31 mi34, Dogford Road, Royton, Oldham, Greater Manchester OL2 6UA2
£290K11/210.35 mi19, Windermere Road, Royton, Oldham, Greater Manchester OL2 6SY2
£220K04/210.35 mi22, Windermere Road, Royton, Oldham, Greater Manchester OL2 6SY2
£178K03/230.38 mi40, Linkside Avenue, Royton, Oldham, Greater Manchester OL2 6YS2
£218K11/210.39 mi22, Grasmere Road, Royton, Oldham, Greater Manchester OL2 6SR2
£140K03/210.48 mi22, Springfield Lane, Royton, Oldham, Greater Manchester OL2 6XH2
£144K09/210.54 mi85, Springfield Lane, Royton, Oldham, Greater Manchester OL2 6XW2
£119K02/210.55 mi741, Rochdale Road, Royton, Oldham, Greater Manchester OL2 5UW2
£143K01/230.55 mi102, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6QF2
£120K11/210.55 mi150, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6QF2
£158K05/230.55 mi160, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6QF2
£158K12/200.57 mi7, Lowther Avenue, Royton, Oldham, Greater Manchester OL2 6UY2
£135K10/210.6 mi10, Lowe Green, Royton, Oldham, Greater Manchester OL2 6RQ2
£160K03/210.62 mi274, Thornham Road, Royton, Oldham, Greater Manchester OL2 6YG2
£130K03/210.63 mi133, Castleton Road, Royton, Oldham, Greater Manchester OL2 6UP2
£126K12/200.63 mi7, Hillside Avenue, Royton, Oldham, Greater Manchester OL2 6RF2
£220K03/230.64 mi28, Thornham Lane, Royton, Oldham, Greater Manchester OL2 6UW2
£95K01/230.66 mi5, Queen Street, Royton, Oldham, Greater Manchester OL2 5JY2
£187.5K11/200.68 mi11, Kenilworth Road, Rochdale, Greater Manchester OL16 4SF2
£168K01/240.68 mi5, Thorndale Close, Royton, Oldham, Greater Manchester OL2 6QR2
£180K08/210.68 mi224, Thornham Road, Royton, Oldham, Greater Manchester OL2 6YW2
£220K07/210.71 mi16, Cliftonville Road, Rochdale, Greater Manchester OL16 4SG2
£115K07/230.76 mi41, Haggate Crescent, Royton, Oldham, Greater Manchester OL2 5NF2
£100K12/200.76 mi15, Haggate Crescent, Royton, Oldham, Greater Manchester OL2 5NF2
£161K07/230.79 mi22, Hall Street, Royton, Oldham, Greater Manchester OL2 5PR2
£110K03/210.81 mi166, High Barn Street, Royton, Oldham, Greater Manchester OL2 6RW2
£95K02/210.81 mi184, High Barn Street, Royton, Oldham, Greater Manchester OL2 6RW2
£150K04/230.81 mi174, High Barn Street, Royton, Oldham, Greater Manchester OL2 6RW2
£113K03/210.81 mi337, Middleton Road, Royton, Oldham, Greater Manchester OL2 5EB2
£139.9K11/200.82 mi27, Lorne Avenue, Royton, Oldham, Greater Manchester OL2 5EQ2
£190K09/210.84 mi15, Pennine View, Royton, Oldham, Greater Manchester OL2 6RS2

Local Rents

15 rents from £795/mo to £995/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£95012/240.23 mi-2
£98512/240.28 mi-2
£85012/240.47 miRochdale Road, Royton, Oldham, OL22
£99501/250.68 mi-2
£85006/240.71 miJohn Street, Royton2
£95012/240.79 mi-2
£85006/240.81 mi-2
£79503/240.85 miDorset Avenue, Oldham, Greater Manchester, OL22
£89512/241 miRochdale Road, Shaw, Oldham, OL22
£87506/241.01 miShaw Road, Royton2
£85012/241.01 mi-2
£92512/241.02 mi-2
£80011/241.02 mi-2
£82512/241.02 miRochdale Road, Shaw, Oldham2
£89506/241.05 miBaldwins Close, Royton2

Local Area Statistics

Population in OL2

42,193

Population in Oldham

182,174

Town centre distance

2.11 miles away

Nearest school

0.20 miles away

Nearest train station

1.74 miles away

 

 

Rental growth (12m)

+15%

Sales demand

Balanced market

Capital growth (5yrs)

+41%

Property History

Price changed to £169,950

February 4, 2025

Listed for £179,950

December 10, 2024

Floor Plans

Description

  • In Need Of Modernisation +
  • Two Bedroom Semi ( Was 4 Bedroom) +
  • Quiet Location Close To Royton +
  • Large Lounge +
  • Open Plan Kitchen/Dining Room +
  • Large Bathroom +
  • Garage +
  • EPC: Rating D +

NO CHAIN. In need of upgrading is this two bedroom semi detached Dormer property located in this tucked away spot in Royton near Tandle Hill country park.  This property could easily be converted back into four bedrooms quiet easily if required. Accommodation comprising: Entrance hall, study area, lounge, kitchen, dining room and a ground floor bedroom. On the first floor there is a large bedroom and a four piece bathroom. Good size eaves storage. Externally there is a small rear garden, garden to the front and a garage in a block behind the house. Royton centre within a short walk. This property does need full refurbishment. OPEN PLAN HALLWAY/ STUDY AREA - 3.28m x 2.44m (10'9" x 8'0") uPVC front door, carpeted, uPVC window, radiator. ( previously was a bedroom). HALL Carpeted, stairs to the first floor. LOUNGE - 4.93m x 3.2m (16'2" x 10'6") Front aspect, large uPVC window, 2 x radiators, gas fire, coving. KITCHEN - 3.96m x 2.26m (13'0" x 7'5") Side aspect, uPVC window, Baxi combination boiler, plumbing, uPVC door to the side. DINING AREA - 3.35m x 2.16m (11'0" x 7'1") Rear aspect, uPVC window, radiator, carpeted. Originally was a bedroom. BEDROOM TWO - 3.23m x 3.15m (10'7" x 10'4") Rear aspect, uPVC window, radiator, carpeted, under stairs cupboard. LANDING Good size, carpeted, linen cupboard. BEDROOM ONE - 4.32m x 2.95m (14'2" x 9'8") Front aspect, large uPVC window, radiator, carpeted, cupboard with access into a further eaves store cupboard. BATHROOM - 3.23m x 1.75m (10'7" x 5'9") A good size room, White suite comprising: Fitted panel bath, shower cubicle, low level WC, wash hand basin, laminated floor covering, radiator, uPVC window.                                                               EXTERNALLY To the rear is a small garden, lawn area, raised patio, side access. To the front is a lawn and a pathway to the front door. GARAGE In a block at the back of the property. ADDITIONAL INFORMATION TENURE:  FREEHOLD- Solicitor to confirm details. COUNCIL BAND: C -  Please note these are subject to change occasionally, so we advise you make your own checks with the local council prior to completion. VIEWING ARRANGEMENTS: Strictly by appointment with the agents. AGENTS NOTE Whilst every care has been taken to prepare these sales particulars they are for guidance purposes only. Potential buyers should fully investigate any issues that maybe personally important to them prior to completion. All measurements are approximate and are for general guidance purposes only and whilst every care has been taken to ensure their accuracy, they should not be relied upon and potential buyers are advised to recheck the measurements. Fixtures and Fittings stated as included in the property are based on achieving the asking price.

Agent Details

Kirkham Property, Chadderton

0161 524 9694

Next Steps?

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