2 Bed Flat, Single Let, Oldham, OL9 9BA £50,000

Lansdowne Court, Chadderton, OL9 9BA - 10 months ago

Sold STC

Leasehold

BTL

ROI: 14%

~81 m²

ValuationUndervalued

Sold Prices	£75K - £199.9K
Sold Prices/m²	£976/m² - £2.3K/m²

Square Metres	~81.40 m²
Price/m²	£614/m²
Value Estimate	£61,500£61,500
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£12,500£12,500
Stamp Duty & Legal Fees	£3,700£3,700
Total Cash In	£16,200£16,200

Cash Out
Rent Range	£495 - £1,200£495 - £1,200
Rent Estimate	£460
Running Costs/mo	£268£268
Cashflow/mo	£192£192
Cashflow/yr	£2,301£2,301
ROI	14%14%
Gross Yield	11%11%

Local Sold Prices

31 sold prices from £75K to £199.9K, average is £110K. £976/m² to £2.3K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£100K	01/25	0.24 mi	18, Dairy Street, Chadderton OL9 9HA	-	-	2	Flat
£110K	08/22	0.31 mi	10, Russell Street, Chadderton, Oldham, Greater Manchester OL9 9LF	-	-	2	Flat
£110K	04/24	0.33 mi	16, Russell Street, Oldham OL9 9LF	£1,897	58	2	Flat
£110K	04/24	0.33 mi	16, Russell Street, Oldham OL9 9LF	-	-	2	Flat
£88K	08/22	0.56 mi	41, Grampian Close, Chadderton, Oldham, Greater Manchester OL9 8PT	£1,374	64	2	Flat
£87K	04/22	0.58 mi	53, Fields New Road, Chadderton, Oldham, Greater Manchester OL9 8BT	£1,565	56	2	Flat
£127K	04/25	0.58 mi	37, Fields New Road, Oldham OL9 8BT	£2,228	57	2	Flat
£127K	04/25	0.58 mi	37, Fields New Road, Oldham OL9 8BT	-	-	2	Flat
£100K	10/22	0.59 mi	23, Shillingford Road, Chadderton, Oldham, Greater Manchester OL9 8BD	£1,852	54	2	Flat
£142K	04/22	0.63 mi	9, Sienna Court, Chadderton, Oldham, Greater Manchester OL9 0QE	£1,919	74	2	Flat
£80K	11/24	0.66 mi	44, Mellor Way, Oldham OL9 8NN	£1,600	50	2	Flat
£80K	11/24	0.66 mi	44, Mellor Way, Oldham OL9 8NN	-	-	2	Flat
£155K	12/22	0.67 mi	102, Sienna Court, Chadderton, Oldham, Greater Manchester OL9 0QE	£2,095	74	2	Flat
£130K	06/23	0.67 mi	113, Sienna Court, Chadderton, Oldham, Greater Manchester OL9 0QE	£1,806	72	2	Flat
£134.5K	03/25	0.67 mi	108, Sienna Court, Moreton Street, Chadderton OL9 0QE	-	-	2	Flat
£145K	05/23	0.67 mi	21, Sienna Court, Moreton Street, Oldham OL9 0QE	-	-	2	Flat
£145K	04/23	0.67 mi	Sienna Court, 119, Moreton Street, Oldham OL9 0QE	£1,986	73	2	Flat
£145K	05/23	0.67 mi	Sienna Court, 21, Moreton Street, Oldham OL9 0QE	£1,959	74	2	Flat
£199.9K	08/23	0.67 mi	Sienna Court, 203, Moreton Street, Oldham OL9 0QE	£2,272	88	2	Flat
£134.5K	03/25	0.67 mi	108, Sienna Court, Moreton Street, Chadderton OL9 0QE	£1,818	74	2	Flat
£125K	06/25	0.67 mi	113, Sienna Court, Moreton Street, Oldham OL9 0QE	-	-	2	Flat
£199.9K	08/23	0.67 mi	203, Sienna Court, Moreton Street, Oldham OL9 0QE	-	-	2	Flat
£75K	11/21	0.67 mi	57, Cedar Crescent, Chadderton, Oldham, Greater Manchester OL9 0DW	£1,230	61	2	Flat
£76K	03/23	0.73 mi	3, Woodfield Close, Oldham OL8 4LJ	£1,689	45	2	Flat
£76K	03/23	0.73 mi	3, Woodfield Close, Oldham OL8 4LJ	-	-	2	Flat
£87K	03/22	0.79 mi	23, Grange Court, Oldham OL8 4ES	£1,299	67	2	Flat
£87K	03/22	0.79 mi	23, Grange Court, Oldham OL8 4ES	-	-	2	Flat
£87K	03/22	0.82 mi	23, Grange Court, Oldham, Greater Manchester OL8 4ES	-	-	2	Flat
£85K	08/21	0.83 mi	39, Clevedon Road, Chadderton, Oldham, Greater Manchester OL9 0AH	£976	87	2	Flat
£75K	02/24	0.98 mi	43, Ramsden Street, Oldham OL1 1TU	-	-	2	Flat
£75K	02/24	0.98 mi	43, Ramsden Street, Oldham OL1 1TU	£1,293	58	2	Flat

Local Rents

41 rents from £495/mo to £1.2K/mo, average is £915/mo.

Rent	Date	Distance	Address	Beds	Type
£900	06/25	0.18 mi	Bredbury Street, Chadderton	2	Terraced House
£925	05/25	0.19 mi	Agnes Street, Chadderton, Oldham	2	Terraced House
£850	08/25	0.21 mi	Denton Lane, Chadderton, Oldham	2	Terraced House
£875	07/24	0.21 mi	Denton Lane, Chadderton, Oldham	2	Terraced House
£550	07/25	0.23 mi	Stockfield Road, Chadderton, Oldham	2	Terraced House
£875	08/25	0.25 mi	Fields New Road, Chadderton	2	Terraced House
£850	08/25	0.25 mi	Denton Lane, Chadderton, Oldham, Greater Manchester, OL9	2	Terraced House
£950	11/25	0.26 mi	Denton Lane, Chadderton, Oldham, Greater Manchester, OL9	2	Terraced House
£850	07/24	0.27 mi	-	2	Terraced House
£925	07/24	0.28 mi	Queens Road, Chadderton, Oldham, Greater Manchester, OL9	2	Terraced House
£915	08/24	0.28 mi	Queens Road, Chadderton, Oldham, Greater Manchester, OL9	2	Terraced House
£975	07/25	0.28 mi	Queens Road, Chadderton, OL9 9HS	2	Terraced House
£800	07/25	0.31 mi	Fourth Avenue, Chadderton	2	Flat
£625	07/25	0.32 mi	George Street, Chadderton, OL9	2	Terraced House
£750	08/25	0.32 mi	Fields New Road, Chadderton, Oldham, OL9	2	Terraced House
£950	07/25	0.35 mi	-	2	Terraced House
£950	05/25	0.35 mi	Wiltshire Road, Chadderton, Oldham, OL9	2	Terraced House
£925	09/25	0.44 mi	STANLEY STREET, Chadderton, Oldham, Greater Manchester, OL9	2	Terraced House
£1,050	11/25	0.45 mi	Cotswold Avenue, Chadderton, Oldham	2	Bungalow
£925	11/25	0.45 mi	Oxford Street, Chadderton, Oldham, OL9	2	Terraced House
£925	06/25	0.46 mi	Oxford Street, Oldham	2	Terraced House
£775	09/24	0.49 mi	-	2	Terraced House
£1,050	05/25	0.51 mi	-	2	Terraced House
£825	08/25	0.51 mi	Manchester Road, Oldham	2	Flat
£825	09/25	0.51 mi	Manchester Road, Oldham	2	Flat
£950	11/24	0.51 mi	-	2	Flat
£800	10/25	0.51 mi	Block Lane, Chadderton, Oldham, OL9	2	Terraced House
£800	07/24	0.51 mi	-	2	Terraced House
£1,200	06/25	0.52 mi	-	2	Detached House
£1,200	08/25	0.52 mi	-	2	Detached House
£495	08/25	0.53 mi	Warwick Street, Oldham, Greater Manchester, OL9	2	Terraced House
£850	08/25	0.54 mi	Hawthorne Grove, Chadderton,	2	Room
£995	09/25	0.54 mi	Middleton Road, Oldham, OL9	2	Terraced House
£950	10/25	0.54 mi	Middleton Road, Oldham, OL9	2	Terraced House
£950	11/25	0.54 mi	-	2	Terraced House
£1,100	07/24	0.55 mi	Glenham Way, Oldham, Lancashire, OL9	2	Flat
£900	03/25	0.6 mi	-	2	Terraced House
£900	07/25	0.6 mi	-	2	Terraced House
£850	05/25	0.61 mi	-	2	Terraced House
£1,100	11/25	0.61 mi	Eaves Lane, Chadderton, Oldham, Greater Manchester, OL9	2	Semi-Detached House
£925	12/24	0.62 mi	-	2	Terraced House

Local Area Statistics

Population in OL9	40,52840,528
Population in Oldham	182,174182,174
Town centre distance	1.88 miles away1.88 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.64 miles away0.64 miles away

Rental growth (12m)	+24%+24%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+59%+59%

Property History

Listed for £50,000

January 13, 2025

Floor Plans

Description

INVESTMENT BTL OPPORTUNITY +
LONG TERM TENANT PAYING £460PCM +
GROSS YIELD 11.04% +
NET YIELD 9.24% +
TWO BEDROOMS +
SHOWER ROOM +
GREAT LOCATION +
ALL COMPLIANCE CERTIFCATES IN PLACE +
EPC RATING - C +
COUNCIL TAX BAND - A +

SUMMARY
A FANTASTIC Buy To Let Opportunity generating a BRILLIANT Gross Yield of 11.04%.

Being sold with a long term tenant in situ, this opportunity is only open to Investors. The apartment briefly comprises of entrance hallway, lounge and separate kitchen, two bedrooms and a shower room, with separate WC.

We are expecting a lot of interest on this property so please call us to arrange a viewing.

Martin & Co currently, successfully, manage this property and would be happy to make a smooth transfer of management to the new owner.

HALLWAY 21' 7" x 15' 1" (6.60m x 4.62m)
Neutral decor, carpet, radiator

LOUNGE 16' 4" x 11' 9" (5m x 3.60m)
Neutral decor, carpet, radiator, UPVC window, curtains

KITCHEN 16' 8" x 5' 10" (5.10m x 1.80m)
Neutral decor, a range of wall and base units, stainless steel sink, vinyl floor, UPVC window, radiator

BEDROOM ONE 13' 1" x 11' 1" (4m x 3.40m)
Neutral decor, carpet, UPVC window, radiator

BEDROOM TWO 13' 1" x 10' 2" (4m x 3.10m)
Neutral decor, carpet, UPVC window, radiator

SHOWER ROOM 5' 6" x 4' 11" (1.70m x 1.50m)
Neutral decor, partially tiled walls, shower cubicle, hand wash basin, UPVC window, radiator

TOILET ROOM 4' 7" x 2' 7" (1.40m x 0.80m)
Toilet, laminate flooring

EXTERNAL
Unallocated parking

BUILDING CHARGES
Service charge: £900.24pa
Ground rent: £10pa

RESERVATION FEE
Should you be successful in your offer to purchase the property and in order to place the property "under offer", you may be required to complete a reservation agreement and pay a (refundable at completion) reservation fee, details available upon request.

MATERIAL INFORMATION
The building has a potentially flammable covering or cladding.
There has been no accessibility adaptations made.
No restrictive covenants on the land
The property has a fob access system.
Building material - reinforced concrete
The older flooring tiles contain asbestos.

Agent Details

Martin & Co, Rochdale & Oldham

01706 335881

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

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Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Local Sold Prices

Local Rents