2 Bed Terraced House, Refurb/BRRR, Oldham, OL2 5SN, £150,000

Rochdale Road, Royton, Oldham, Greater Manchester, OL2 5SN - 3 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 3%
~68 m²
+8 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£121,975

 

 

End Value (After Refurb)

£162,685

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£28,758

Bridging Loan Interest

£3,938

Total Cash In

£77,645

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£162,685

Mortgage (After Refinance)

£122,014

Mortgage LTV

75%

Cash Released

£9,514

Cash Left In

£68,131

Equity

£40,671

Rent Range

£675 - £1,100

Rent Estimate

£884

Running Costs/mo

£705

Cashflow/mo

£179

Cashflow/yr

£2,146

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £95K to £290K, average is £159.2K. £1.2K/m² to £4.2K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£110K05/210 mi327, Rochdale Road, Royton, Oldham, Greater Manchester OL2 5SN2
£167.6K09/230.05 mi8, Cemetery Road, Royton, Oldham, Greater Manchester OL2 5SP2
£174K01/240.05 mi294, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6UF2
£159.9K06/210.09 mi10, Glen Grove, Royton, Oldham, Greater Manchester OL2 5SY2
£195K06/230.09 mi34, Glen Grove, Royton, Oldham, Greater Manchester OL2 5SY2
£158.5K04/210.1 mi297, Rochdale Road, Royton, Oldham, Greater Manchester OL2 5SX2
£142K06/210.12 mi448, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6TS2
£260K01/240.12 mi422, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6TS2
£218K02/210.13 mi4, Chapelway Gardens, Royton, Oldham, Greater Manchester OL2 6UQ2
£191K01/230.14 mi34, Dogford Road, Royton, Oldham, Greater Manchester OL2 6UA2
£152K09/210.16 mi413, Rochdale Road, Royton, Oldham, Greater Manchester OL2 5SL2
£201K10/230.17 mi58, Fir Lane, Royton, Oldham, Greater Manchester OL2 6TY2
£174K06/230.17 mi52, Fir Lane, Royton, Oldham, Greater Manchester OL2 6TY2
£143K04/210.18 mi5, Queensgate Drive, Royton, Oldham, Greater Manchester OL2 5SD2
£178K03/230.21 mi40, Linkside Avenue, Royton, Oldham, Greater Manchester OL2 6YS2
£149.9K02/210.31 mi552, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6SF2
£152K03/210.31 mi524, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6SF2
£154K04/210.31 mi528, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6SF2
£174.9K03/230.31 mi554, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6SF2
£290K11/210.35 mi19, Windermere Road, Royton, Oldham, Greater Manchester OL2 6SY2
£220K04/210.35 mi22, Windermere Road, Royton, Oldham, Greater Manchester OL2 6SY2
£143K01/230.38 mi102, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6QF2
£120K11/210.39 mi150, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6QF2
£158K05/230.39 mi160, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6QF2
£263.8K05/210.4 mi5, Parklands, Royton, Oldham, Greater Manchester OL2 5YN2
£185K01/230.41 mi562, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6SH2
£218K11/210.41 mi22, Grasmere Road, Royton, Oldham, Greater Manchester OL2 6SR2
£135K10/210.43 mi10, Lowe Green, Royton, Oldham, Greater Manchester OL2 6RQ2
£126K12/200.46 mi7, Hillside Avenue, Royton, Oldham, Greater Manchester OL2 6RF2
£168K01/240.51 mi5, Thorndale Close, Royton, Oldham, Greater Manchester OL2 6QR2
£95K01/230.54 mi5, Queen Street, Royton, Oldham, Greater Manchester OL2 5JY2
£140K03/210.62 mi22, Springfield Lane, Royton, Oldham, Greater Manchester OL2 6XH2
£161K07/230.63 mi22, Hall Street, Royton, Oldham, Greater Manchester OL2 5PR2
£110K03/210.64 mi166, High Barn Street, Royton, Oldham, Greater Manchester OL2 6RW2
£95K02/210.64 mi184, High Barn Street, Royton, Oldham, Greater Manchester OL2 6RW2
£150K04/230.64 mi174, High Barn Street, Royton, Oldham, Greater Manchester OL2 6RW2
£160K03/210.66 mi274, Thornham Road, Royton, Oldham, Greater Manchester OL2 6YG2
£144K09/210.66 mi85, Springfield Lane, Royton, Oldham, Greater Manchester OL2 6XW2
£165K08/210.67 mi16, Pennine View, Royton, Oldham, Greater Manchester OL2 6RS2
£190K09/210.67 mi15, Pennine View, Royton, Oldham, Greater Manchester OL2 6RS2
£115K07/230.67 mi41, Haggate Crescent, Royton, Oldham, Greater Manchester OL2 5NF2
£100K12/200.67 mi15, Haggate Crescent, Royton, Oldham, Greater Manchester OL2 5NF2
£119K02/210.7 mi741, Rochdale Road, Royton, Oldham, Greater Manchester OL2 5UW2
£180K08/210.7 mi224, Thornham Road, Royton, Oldham, Greater Manchester OL2 6YW2
£158K12/200.71 mi7, Lowther Avenue, Royton, Oldham, Greater Manchester OL2 6UY2
£180K06/230.72 mi72, Pennine View, Royton, Oldham, Greater Manchester OL2 6RT2
£130K03/210.75 mi133, Castleton Road, Royton, Oldham, Greater Manchester OL2 6UP2
£113K03/210.75 mi337, Middleton Road, Royton, Oldham, Greater Manchester OL2 5EB2
£220K03/230.78 mi28, Thornham Lane, Royton, Oldham, Greater Manchester OL2 6UW2
£174.5K08/230.78 mi332, Middleton Road, Royton, Oldham, Greater Manchester OL2 5EB2

Local Rents

22 rents from £675/mo to £1.1K/mo, average is £863/mo.

RentDateDistanceAddressBeds 
£95012/240.07 mi-2
£98512/240.12 mi-2
£99501/250.55 mi-2
£85006/240.58 miJohn Street, Royton2
£85012/240.62 miRochdale Road, Royton, Oldham, OL22
£95012/240.63 mi-2
£85006/240.64 mi-2
£79503/240.77 miDorset Avenue, Oldham, Greater Manchester, OL22
£87506/240.85 miShaw Road, Royton2
£85012/240.85 mi-2
£80011/240.86 mi-2
£89506/240.93 miBaldwins Close, Royton2
£89512/240.97 miRochdale Road, Shaw, Oldham, OL22
£82512/240.99 miRochdale Road, Shaw, Oldham2
£92512/241 mi-2
£67512/241.18 mi-2
£80003/251.18 mi-2
£1,10012/241.19 mi-2
£75012/231.19 mi-2
£90012/241.22 mi-2
£85012/241.23 miLewis Street, Oldham2
£99511/241.24 mi-2

Local Area Statistics

Population in OL2

42,193

Population in Oldham

182,174

Town centre distance

1.95 miles away

Nearest school

0.30 miles away

Nearest train station

1.62 miles away

 

 

Rental growth (12m)

+15%

Sales demand

Balanced market

Capital growth (5yrs)

+41%

Property History

Listed for £150,000

January 2, 2025

Floor Plans

Description

  • 2 BEDROOM END OF TERRACED HOUSE +
  • IDEAL FOR INVESTORS AND FIRST TIME BUYERS +
  • USEFUL BOARDED LOFT AREA +
  • OFF STREET PARKING TO THE SIDE +
  • EPC - E +
  • COUNCIL TAX - A +
  • LEASEHOLD +
  • GROUND RENT - £2PA +

TWO BEDROOM END TERRACE WITH USEFUL BOARDED LOFT AREA & OFF STREET PARKING TO THE SIDE

Ryder & Dutton are delighted to present this wonderful two bedroom end terrace property with great potential for both investors and first-time buyers. EPC E

Ryder & Dutton are delighted to present this wonderful two bedroom end terraced property with great potential for both investors and first-time buyers.

The property is offered for sale with no onward chain. An deal property for a buyer who is looking for a renovation project.
Located in the desirable neighbourhood of Royton and in close proximity to the local amenities, local schools and transport links.

Accommodation comprises; entrance vestibule, spacious lounge, dining area and separate kitchen . Upstairs there are two generous bedrooms and bathroom and a fantastic attic conversion ideal for additional storage.

Externally there is a low maintenance yard to the front and rear.

The property is currently heated by gas fires, there is no gas central heating.

Agent Details

Ryder & Dutton, Royton

0161 524 2734

Next Steps?

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