2 Bed Flat, Single Let, Rochdale, OL16 3DN, £125,000

Schofield Close, Milnrow, Rochdale OL16 3DN - 1 views - 4 months ago

Under Offer
Leasehold
BTL
ROI: 5%
~49 m²
+5 photos

ValuationOvervalued

Sold Prices£73.5K - £177K
Sold Prices/m²£1.1K/m² - £2.7K/m²

 

 

Square Metres

~49.10 m²
Price/m²£2.5K/m²

Value Estimate

£72,049

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£7,450

Total Cash In

£38,700

 

 

Cash Out

 

Rent Range

£565 - £1,200

Rent Estimate

£700

Running Costs/mo

£551

Cashflow/mo

£149

Cashflow/yr

£1,793

ROI

5%

Gross Yield

7%

Local Sold Prices

24 sold prices from £73.5K to £177K, average is £94K. £1.1K/m² to £2.7K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£117.8K01/220.28 mi7, Clock Tower Court, Milnrow, Rochdale, Greater Manchester OL16 3PY2
£177K04/220.43 mi4, Moorhouse Farm, Milnrow, Rochdale, Greater Manchester OL16 4BS2
£135K07/210.43 mi2, Moorhouse Farm, Milnrow, Rochdale, Greater Manchester OL16 4BS2
£108K11/200.43 mi5, Moorhouse Farm, Milnrow, Rochdale, Greater Manchester OL16 4BS2
£107K11/201.15 mi39, Newbold Hall Gardens, Rochdale, Greater Manchester OL16 3AL2
£115K03/221.27 miApartment 8, Textile Mills, Clegg Hall Road, Littleborough, Greater Manchester OL15 0AF2
£75K08/211.51 mi60, Eafield Road, Rochdale, Greater Manchester OL16 2TH2
£75K08/211.51 mi60, Eafield Road, Rochdale, Greater Manchester OL16 2TH2
£101.5K07/221.77 mi14, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£73.5K05/211.78 mi30, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£93K11/221.78 mi12, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£100K05/221.78 mi42, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£95K02/231.78 mi24, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£92.5K12/231.78 mi64, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£90K05/241.79 mi4, Hornets Close, Rochdale, Greater Manchester OL11 2AH2
£88K08/241.79 mi11, Balderstone Road, Rochdale, Greater Manchester OL11 2AD2
£88K11/231.79 mi21, Balderstone Road, Rochdale, Greater Manchester OL11 2AD2
£88K05/221.79 mi60, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£92.5K11/221.8 mi62, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£145K08/221.83 mi25, Primrose Hill Court, Shaw, Oldham, Greater Manchester OL2 7PJ2
£142K10/221.83 mi7, Primrose Hill Court, Shaw, Oldham, Greater Manchester OL2 7PJ2
£155K05/231.9 mi16, The Brock, Shaw, Oldham, Greater Manchester OL2 7HG2
£76K11/201.94 mi17, Thornham Road, Shaw, Oldham, Greater Manchester OL2 7HR2
£85K08/221.99 mi74, Assheton Road, Shaw, Oldham, Greater Manchester OL2 7LP2

Local Rents

20 rents from £565/mo to £1.2K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£89503/250.03 mi-2
£56508/230.04 mi-2
£92512/240.11 miCornfield Street, Milnrow, Rochdale, Greater Manchester, OL162
£85006/240.14 mi-2
£87512/240.2 miNewhey Road, Milnrow, Rochdale, Lancashire, OL162
£1,20012/240.21 miSmith Hill, Milnrow, Rochdale, Greater Manchester, OL162
£79512/240.24 miNewhey Road, Milnrow, OL162
£70006/240.24 miNewhey Road, Milnrow, OL162
£85012/240.24 miNewhey Road, Rochdale, OL162
£70012/240.24 miNewhey Road, Milnrow, OL162
£79508/230.24 mi-2
£75006/240.29 miClock Tower Court Milnrow. 2
£79512/240.29 miClock Tower Court, Rochdale2
£79506/240.3 miHarbour Lane, Milnrow, Rochdale, Greater Manchester, OL162
£1,20012/240.31 mi-2
£1,20011/240.31 mi-2
£1,20002/250.31 mi-2
£79506/240.35 miThe Old Police Station, Newhey Road, Milnrow OL16 3PS 2
£85012/240.38 miLADYHOUSE LANE, Milnrow, Rochdale OL16 4EH2
£85006/240.4 miCrossley Street, Milnrow, OL162

Local Area Statistics

Population in OL16

37,246

Population in Rochdale

128,851

Town centre distance

2.03 miles away

Nearest school

0.10 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £125,000

December 19, 2024

Floor Plans

Description

  • Two Bedroom Apartment +
  • Ground Floor +
  • Private Parking +
  • Well Presented Throughout +
  • Vacant Possession +
  • Open Plan Living Space +
  • Ideal Investment +
  • Perfect for First Time Buyers +
  • £96 Monthly Service Charge +

ADAMSONS BARTON KENDAL are pleased to offer for sale this well presented two bedroom ground floor apartment in a popular development within walking distance of Milnrow centre. The property is offered for sale with vacant possession, and is ideal for both investors and first time buyers. Internally, the well presented accommodation comprises of a spacious hallway with storage cupboards, two bedrooms, bathroom and an open plan living space with a modern fitted kitchen. There is gated and allocated parking to the rear of the complex. Local amenities such as shops, schools and restaurants are all within walking distance. Milnrow metrolink station provides ease of access to Manchester, and the M62 motorway network is close by.

Service Charge = £287.93 quarterly
Ground Rent of £50 payable 6-monthly

Hall

Bedroom One - 11' 7'' x 9' 1'' (3.53m x 2.78m)

Bedroom Two  - 9' 9'' x 6' 5'' (2.96m x 1.96m)

Lounge / Kitchen - 20' 3'' x 10' 8'' (6.16m x 3.24m)

Bathroom - 6' 5'' x 6' 5'' (1.96m x 1.96m)

Agent Details

Barton Kendal Residential, Rochdale

01706 335900

Next Steps?

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