3 Bed Terraced House, Single Let, Rochdale, OL11 2TL, £150,000

MANCHESTER ROAD, Castleton, Rochdale OL11 2TL - 4 views - 4 months ago

Sold STC
BTL
ROI: 6%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£87K - £290K
Sold Prices/m²£839/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£177,234
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£800 - £1,500

Rent Estimate

£900

Running Costs/mo

£669

Cashflow/mo

£231

Cashflow/yr

£2,775

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £87K to £290K, average is £157.5K. £839/m² to £3.6K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£159K02/210.02 mi1000, Manchester Road, Rochdale, Greater Manchester OL11 2TL3
£170K10/230.02 mi994, Manchester Road, Rochdale, Greater Manchester OL11 2TL3
£143K10/210.03 mi19, Wasdale Street, Rochdale, Greater Manchester OL11 2TP3
£195K11/220.04 mi1, Wasdale Street, Rochdale, Greater Manchester OL11 2TP3
£210K05/210.1 mi4, Bates Close, Rochdale, Greater Manchester OL11 2TU3
£122K08/230.11 mi17, St Martins Street, Rochdale, Greater Manchester OL11 2TD3
£200K10/230.12 mi47, Vicarage Road North, Rochdale, Greater Manchester OL11 2TF3
£152.5K06/210.14 mi8, St Gabriels Close, Rochdale, Greater Manchester OL11 2TG3
£175K10/230.19 mi19, Albion Street, Rochdale, Greater Manchester OL11 2UT3
£130K02/240.2 mi68, St Martins Street, Rochdale, Greater Manchester OL11 2UW3
£87K01/230.21 mi56, Melville Street, Rochdale, Greater Manchester OL11 2UQ3
£185K09/210.21 mi100, Colne Street, Rochdale, Greater Manchester OL11 2UG3
£118K10/200.21 mi64, Newchurch Street, Rochdale, Greater Manchester OL11 2UP3
£131K05/210.23 mi4, Chaucer Street, Rochdale, Greater Manchester OL11 2QG3
£123K05/210.26 mi1054, Manchester Road, Rochdale, Greater Manchester OL11 2XJ3
£148K10/230.26 mi10, Mavis Street, Rochdale, Greater Manchester OL11 3AZ3
£235K11/220.26 mi5, Leander Drive, Rochdale, Greater Manchester OL11 2XA3
£172K05/210.26 mi31, Leander Drive, Rochdale, Greater Manchester OL11 2XA3
£255K03/230.27 mi74, Hillcrest Road, Rochdale, Greater Manchester OL11 2QB3
£135K08/230.27 mi50, Hillcrest Road, Rochdale, Greater Manchester OL11 2QB3
£156K03/230.27 mi86, Hillcrest Road, Rochdale, Greater Manchester OL11 2QB3
£175K02/210.29 mi96, Fairway, Rochdale, Greater Manchester OL11 3BZ3
£138.5K11/220.3 mi2, Oakland Terrace, Rochdale, Greater Manchester OL11 3BJ3
£120K11/200.32 mi13, Kirklee Road, Rochdale, Greater Manchester OL11 2PN3
£178K10/230.36 mi6, Bowden Close, Rochdale, Greater Manchester OL11 2XT3
£170K04/230.36 mi4, Bowden Close, Rochdale, Greater Manchester OL11 2XT3
£290K07/240.37 mi1154, Manchester Road, Rochdale, Greater Manchester OL11 2XX3
£120K07/240.37 mi756, Manchester Road, Rochdale, Greater Manchester OL11 3AW3
£133K07/210.37 mi12, Alder Road, Rochdale, Greater Manchester OL11 2PP3
£128.8K10/210.37 mi10, Alder Road, Rochdale, Greater Manchester OL11 2PP3
£120K01/210.37 mi6, Alder Road, Rochdale, Greater Manchester OL11 2PP3
£180K05/230.37 mi45, Alder Road, Rochdale, Greater Manchester OL11 2PP3
£137K01/210.38 mi129, Heywood Road, Rochdale, Greater Manchester OL11 3BT3
£184.5K03/240.4 mi16, Pleasant Street, Rochdale, Greater Manchester OL11 3BE3
£163K03/210.4 mi20, Pleasant Street, Rochdale, Greater Manchester OL11 3BE3
£171K01/210.4 mi34, Pleasant Street, Rochdale, Greater Manchester OL11 3BE3
£189K10/210.4 mi32, Pleasant Street, Rochdale, Greater Manchester OL11 3BE3
£170K05/230.41 mi14, Croydon Avenue, Rochdale, Greater Manchester OL11 2YQ3
£173K04/230.41 mi20, Croydon Avenue, Rochdale, Greater Manchester OL11 2YQ3
£170K05/230.43 mi12, Chatburn Avenue, Rochdale, Greater Manchester OL11 2YG3
£151K01/240.44 mi42, Fairway, Rochdale, Greater Manchester OL11 3BU3
£175K12/220.44 mi40, Fairway, Rochdale, Greater Manchester OL11 3BU3
£155K11/220.45 mi100, Kirklee Road, Rochdale, Greater Manchester OL11 2PW3
£100K11/230.45 mi10, Ash Street, Rochdale, Greater Manchester OL11 3AP3
£112K07/210.45 mi24, Samuel Street, Rochdale, Greater Manchester OL11 3EA3
£125K07/210.46 mi57, Chatburn Square, Rochdale, Greater Manchester OL11 2YF3
£232.5K12/230.46 mi44, Stocks Street, Rochdale, Greater Manchester OL11 3DJ3
£185K11/230.52 mi20, Sydney Barnes Close, Rochdale, Greater Manchester OL11 3DA3
£135K12/200.53 mi8, Carnforth Avenue, Rochdale, Greater Manchester OL11 2YD3
£140.7K06/210.53 mi17, Carnforth Avenue, Rochdale, Greater Manchester OL11 2YD3

Local Rents

23 rents from £800/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£90012/240.02 miManchester Road, Rochdale3
£1,20004/250.02 mi-3
£93510/240.12 mi-3
£80012/230.31 mi-3
£80012/230.31 mi-3
£1,10005/240.39 mi-3
£1,15003/250.4 mi-3
£1,05012/240.44 mi-3
£1,20006/240.72 mi-3
£1,20006/240.72 mi-3
£90012/240.77 mi-3
£90012/240.77 mi-3
£1,00012/240.8 mi-3
£1,19503/250.81 mi-3
£1,30010/240.84 mi-3
£1,45006/240.93 mi-3
£1,30004/250.93 mi-3
£1,45006/240.93 miHill Top Drive, Rochdale, OL113
£1,10012/241.11 miDarlington Road, Rochdale, Greater Manchester, OL113
£1,10004/251.15 mi-3
£1,50002/241.17 mi-3
£1,40012/241.17 mi-3
£1,30012/241.23 mi-3

Local Area Statistics

Population in OL11

45,506

Population in Rochdale

128,851

Town centre distance

2.86 miles away

Nearest school

0.10 miles away

Nearest train station

0.30 miles away

 

 

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £150,000

January 8, 2025

Floor Plans

Description

  • Garden Fronted +
  • Larger Than Average +
  • Extended Mid-Terraced House +
  • Three Bedrooms +
  • Two Reception Rooms +
  • Three-Piece Bathroom +
  • South West Facing Yard +
  • Garage To Rear +
  • Popular Yet Convenient Location +
  • Ideal For First Time Buyer / No Chain +

Located within walking distance of Castleton train station, this EXTENDED MID-TERRACED HOUSE boasts deceptively spacious living accommodation. The property is also on the doorstep of good local schools and conveniently situated only half a mile from access to the M62, the property also has excellent, local transport links including bus routes that help give easy access to Rochdale town centre and beyond.

Internally, the deceptively spacious property offers ideal first time buyer living accommodation ideally suited whilst briefly comprising of a vestibule, hall, TWO RECEPTION ROOMS, fitted kitchen, THREE BEDROOMS, three-piece bathroom, gas central heating and upvc double glazing.

Forecourt garden and well fenced, South-West facing yard to rear with detached single garage with up and over door, power and light.

Ideally suited to the first time buyer or investor looking to increase their property portfolio.

The property is FREEHOLD.

INTERNAL VIEWING IS HIGHLY RECOMMENDED.

Agent Details

Reside Estate Agency, Rochdale

01706 335427

Next Steps?

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