3 Bed Bungalow, Refurb/BRRR, Oldham, OL2 8DA, £279,950

Shore Avenue, Shaw, Oldham, OL2 8DA - 3 months ago

Refurb/BRRR

~93 m²

+13 photos

ValuationOvervalued

Sold Prices	£111K - £516K
Sold Prices/m²	£1.1K/m² - £4.5K/m²

Square Metres	~93 m²
Price/m²	£3K/m²
Value Estimate	£203,103£203,103

End Value (After Refurb)	£256,396£256,396

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£69,988£69,988
Stamp Duty & Legal Fees	£19,195£19,195
Refurb Costs	£39,267£39,267
Bridging Loan Interest	£7,349£7,349
Total Cash In	£137,548£137,548

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£256,396£256,396
Mortgage (After Refinance)	£192,297£192,297
Mortgage LTV	75%75%
Cash Left In	£137,548£137,548
Equity	£64,099£64,099
Rent Range	£875 - £1,400£875 - £1,400
Rent Estimate	£1,061
Running Costs/mo	£1,033£1,033
Cashflow/mo	£28£28
Cashflow/yr	£331£331
ROI	0%0%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £111K to £516K, average is £204K. £1.1K/m² to £4.5K/m², average is £2.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£270K	09/23	0.05 mi	11, Shore Avenue, Shaw, Oldham, Greater Manchester OL2 8DA	£3,418	79	3	Semi-Detached House
£190K	01/21	0.06 mi	14, Dingle Avenue, Shaw, Oldham, Greater Manchester OL2 8DD	£2,184	87	3	Semi-Detached House
£118K	04/21	0.12 mi	48, Goats, Shaw, Oldham, Greater Manchester OL2 8BH	£1,269	93	3	Terraced House
£310K	05/23	0.13 mi	13, Cliff Hill Road, Shaw, Oldham, Greater Manchester OL2 8DE	£3,690	84	3	Detached House
£203K	05/23	0.13 mi	16, Cliff Hill Road, Shaw, Oldham, Greater Manchester OL2 8DE	-	-	3	Detached House
£330K	08/22	0.13 mi	15, Woodhouse Road, Shaw, Oldham, Greater Manchester OL2 8GA	-	-	3	Detached House
£282K	04/21	0.17 mi	Wild Acres, Higher Park, Shaw, Oldham, Greater Manchester OL2 8BN	£3,099	91	3	Detached House
£270K	10/20	0.17 mi	Braemar, Higher Park, Shaw, Oldham, Greater Manchester OL2 8BN	£3,600	75	3	Detached House
£205K	03/23	0.17 mi	155, George Street, Shaw, Oldham, Greater Manchester OL2 8DS	£2,847	72	3	Semi-Detached House
£198K	05/23	0.18 mi	96, Buckstones Road, Shaw, Oldham, Greater Manchester OL2 8DN	-	-	3	Semi-Detached House
£260K	03/24	0.18 mi	92, Buckstones Road, Shaw, Oldham, Greater Manchester OL2 8DN	£3,059	85	3	Semi-Detached House
£217K	11/20	0.19 mi	25, Jordan Avenue, Shaw, Oldham, Greater Manchester OL2 8DQ	£2,646	82	3	Semi-Detached House
£237K	11/23	0.24 mi	138, George Street, Shaw, Oldham, Greater Manchester OL2 8DR	£2,855	83	3	Semi-Detached House
£180K	05/23	0.24 mi	126, George Street, Shaw, Oldham, Greater Manchester OL2 8DR	-	-	3	Semi-Detached House
£256K	06/23	0.24 mi	178, George Street, Shaw, Oldham, Greater Manchester OL2 8DR	£2,753	93	3	Semi-Detached House
£152.5K	09/21	0.24 mi	184, George Street, Shaw, Oldham, Greater Manchester OL2 8DR	£1,557	98	3	Terraced House
£150K	12/22	0.25 mi	12, Railway View, Shaw, Oldham, Greater Manchester OL2 8BQ	£2,218	68	3	Terraced House
£175K	10/20	0.27 mi	183, Buckstones Road, Shaw, Oldham, Greater Manchester OL2 8DF	£3,571	49	3	Terraced House
£240K	06/23	0.27 mi	153, Buckstones Road, Shaw, Oldham, Greater Manchester OL2 8DF	-	-	3	Semi-Detached House
£285K	10/22	0.27 mi	149, Buckstones Road, Shaw, Oldham, Greater Manchester OL2 8DF	-	-	3	Detached House
£195K	04/23	0.3 mi	36, Woodend, Shaw, Oldham, Greater Manchester OL2 7UR	£3,047	64	3	Terraced House
£300K	10/20	0.36 mi	6, Forrester Drive, Shaw, Oldham, Greater Manchester OL2 8PE	£3,371	89	3	Detached House
£237.5K	04/23	0.4 mi	10, St Josephs Close, Shaw, Oldham, Greater Manchester OL2 7UZ	£2,896	82	3	Detached House
£185K	04/21	0.41 mi	14, Miller Meadow Close, Shaw, Oldham, Greater Manchester OL2 8DT	£2,761	67	3	Semi-Detached House
£217.5K	04/21	0.45 mi	49, Heather Avenue, Shaw, Oldham, Greater Manchester OL2 8HL	-	-	3	Semi-Detached House
£199.9K	02/21	0.45 mi	23, Heather Avenue, Shaw, Oldham, Greater Manchester OL2 8HL	-	-	3	Semi-Detached House
£200K	05/23	0.46 mi	96, George Street, Shaw, Oldham, Greater Manchester OL2 8HG	£2,500	80	3	Semi-Detached House
£111K	10/20	0.46 mi	182, Milnrow Road, Shaw, Oldham, Greater Manchester OL2 8BE	£1,156	96	3	Terraced House
£325K	10/20	0.49 mi	Cherry Tree Cottage, Haugh, Newhey, Rochdale, Greater Manchester OL16 3SZ	-	-	3	Detached House
£200K	06/23	0.5 mi	1 - 3, Store Street, Shaw, Oldham, Greater Manchester OL2 7TW	-	-	3	Terraced House
£245K	01/23	0.51 mi	5, Bellingham Close, Shaw, Oldham, Greater Manchester OL2 7UU	-	-	3	Semi-Detached House
£516K	10/21	0.54 mi	Nyali, Buckstones Road, Shaw, Oldham, Greater Manchester OL2 8LS	£2,356	219	3	Detached House
£185K	11/20	0.55 mi	25, Duchess Park Close, Shaw, Oldham, Greater Manchester OL2 7YN	£1,623	114	3	Semi-Detached House
£240K	01/23	0.59 mi	54, Trent Road, Shaw, Oldham, Greater Manchester OL2 7YL	£2,963	81	3	Semi-Detached House
£227.5K	07/23	0.59 mi	44, Trent Road, Shaw, Oldham, Greater Manchester OL2 7YL	£4,461	51	3	Semi-Detached House
£205K	12/22	0.59 mi	8, Trent Road, Shaw, Oldham, Greater Manchester OL2 7YL	-	-	3	Semi-Detached House
£211K	01/23	0.6 mi	11, Whitecroft Avenue, Shaw, Oldham, Greater Manchester OL2 8HY	£3,014	70	3	Semi-Detached House
£170K	11/20	0.61 mi	81, Duchess Street, Shaw, Oldham, Greater Manchester OL2 7XD	£1,977	86	3	Semi-Detached House
£115K	02/21	0.62 mi	48, Cunliffe Drive, Shaw, Oldham, Greater Manchester OL2 8LG	-	-	3	Terraced House
£170K	08/21	0.64 mi	3, Blueberry Drive, Shaw, Oldham, Greater Manchester OL2 8HP	£2,267	75	3	Semi-Detached House
£135K	09/21	0.64 mi	8, Alston Avenue, Shaw, Oldham, Greater Manchester OL2 7SX	-	-	3	Terraced House
£235K	11/23	0.64 mi	17, Medway Road, Shaw, Oldham, Greater Manchester OL2 7XQ	£3,066	77	3	Semi-Detached House
£174K	10/23	0.65 mi	7, Oak Street, Shaw, Oldham, Greater Manchester OL2 8EJ	£1,115	156	3	Terraced House
£112K	12/20	0.65 mi	2, Chancery Lane, Shaw, Oldham, Greater Manchester OL2 8EX	-	-	3	Terraced House
£260K	11/21	0.67 mi	110, Grains Road, Shaw, Oldham, Greater Manchester OL2 8JX	-	-	3	Detached House
£133K	09/21	0.67 mi	36, Oak Street, Shaw, Oldham, Greater Manchester OL2 8XA	£1,642	81	3	Semi-Detached House
£165K	06/21	0.7 mi	3, Bourne Road, Shaw, Oldham, Greater Manchester OL2 7XN	£1,813	91	3	Semi-Detached House
£127K	03/21	0.7 mi	48, Glebe Street, Shaw, Oldham, Greater Manchester OL2 7SF	£1,868	68	3	Terraced House
£125K	03/24	0.7 mi	83, Glebe Street, Shaw, Oldham, Greater Manchester OL2 7SF	-	-	3	Terraced House
£210K	12/20	0.7 mi	Whitfield View, Spring Terrace, Newhey, Rochdale, Greater Manchester OL16 4LZ	£1,909	110	3	Terraced House

Local Rents

14 rents from £875/mo to £1.4K/mo, average is £1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,300	11/24	0.23 mi	-	3	Semi-Detached House
£1,100	01/25	0.44 mi	-	3	Terraced House
£900	06/24	0.55 mi	-	3	Terraced House
£970	03/25	0.64 mi	-	3	Terraced House
£875	03/25	0.73 mi	-	3	Terraced House
£995	12/24	0.77 mi	-	3	Terraced House
£1,000	06/24	0.78 mi	-	3	Terraced House
£1,015	12/24	0.84 mi	-	3	Terraced House
£895	06/24	0.84 mi	Beal Lane, Shaw	3	Flat
£1,100	12/24	0.87 mi	-	3	Terraced House
£1,350	12/24	0.96 mi	Newhey Road, Newhey, OL16	3	Terraced House
£1,400	03/25	1.03 mi	-	3	Semi-Detached House
£950	01/25	1.1 mi	-	3	Terraced House
£1,000	03/25	1.22 mi	-	3	Semi-Detached House

Local Area Statistics

Population in OL2	42,19342,193
Population in Oldham	182,174182,174
Town centre distance	2.69 miles away2.69 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.83 miles away0.83 miles away

Rental growth (12m)	+15%+15%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+41%+41%

Property History

Listed for £279,950

January 6, 2025

Floor Plans

Description

OPEN ASPECT TO REAR +
CHAIN FREE +
TWO RECPTION ROOMS +
THREE BEDROOMS +
DRIVEWAY & GARAGE +
SOUGHT AFTER AREA +
EPC RATING - TBC +
COUNCIL TAX BAND - C +

A spacious dormer bungalow, enjoying an open aspect to the rear looking onto the hills. Modernisation required, but bursting with potential! EPC - D

Ryder & Dutton are pleased to offer for sale this spacious dormer bungalow in a popular area of Shaw. Some refurbishment and modernisation is required, but the property is bursting with potential and has the added bonus of no onward chain.

To the ground floor level is an entrance hallway leading to a spacious L shaped lounge, dining room, kitchen and a shower room. Upstairs, there are three good sized bedrooms and an additional shower room.

Externally, there is a block paved driveway to the front, and a tiered garden to the rear which enjoys an open aspect looking onto the hills. There is also a garage with an electric door at the bottom of the driveway.

Agent Details

Ryder & Dutton, Royton and Shaw

0161 524 2734

Next Steps?

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