2 Bed Terraced House, Cash/Bridging Only, Oldham, OL4 3LH, £225,000

Stamford Road, Lees, Oldham, OL4 3LH - 3 views - 2 months ago

Sold STC
Cash
~68 m²
+8 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£28,709

Bridging Loan Interest

£5,906

Total Cash In

£100,565

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£215,000

Mortgage (After Refinance)

£161,250

Mortgage LTV

75%

Cash Left In

£100,565

Equity

£53,750

Rent Range

£650 - £1,100

Rent Estimate

£860

Running Costs/mo

£864

Cashflow/mo

£-4

Cashflow/yr

£-46

Gross Yield

5%













Local Rents

25 rents from £650/mo to £1.1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£90012/240.02 mi-2
£85012/240.21 mi-2
£96506/240.27 miHuddersfield Road, Austerlands, Oldham, OL42
£77512/240.29 miTurner Street, Lees, Oldham, OL42
£87501/250.32 mi-2
£65011/240.32 mi-2
£75006/240.32 miSmith Street, Oldham, Greater Manchester, OL42
£82504/240.32 mi-2
£94012/240.32 mi-2
£77504/240.33 mi-2
£77506/240.33 mi21 Station Street Springhead Oldham2
£85010/230.38 mi-2
£1,10012/240.38 miCooper Street, Springhead, Oldham, Greater Manchester, OL42
£87506/240.41 mi-2
£90012/240.41 mi-2
£85006/240.41 miKnowsley, Springhead, Saddleworth, OL42
£85001/240.48 mi-2
£87511/240.51 mi-2
£1,05012/230.53 mi-2
£89012/240.54 mi-2
£90012/240.54 mi-2
£85002/250.54 mi-2
£90003/250.56 mi-2
£70012/240.59 mi207 Oldham Road Springhead2
£79502/250.61 mi-2

Local Area Statistics

Population in OL4

44,247

Population in Oldham

182,174

Town centre distance

1.39 miles away

Nearest school

0.20 miles away

Nearest train station

1.43 miles away

 

 

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+46%

Property History

Listed for £225,000

January 15, 2025

Floor Plans

Description

This exceptional stone-built mid-terraced property offers a perfect blend of traditional charm and modern living. From the moment you step inside, the high ceilings, well-appointed spaces, and meticulous attention to detail are sure to impress.

The ground floor begins with a welcoming entrance hallway that leads into a spacious lounge, open to a formal dining area—perfect for entertaining guests or family gatherings. The dining area flows seamlessly into a contemporary kitchen, featuring ample work surfaces and integrated appliances, designed to cater to both style and functionality.

Upstairs, the property boasts two generously proportioned double bedrooms, each brimming with natural light, offering comfort and tranquility. The spacious, modern family bathroom has been thoughtfully updated, combining luxury finishes with practical design.

Outside, the forecourt garden creates an inviting approach to the home, with steps leading up to the property. At the rear, a private, enclosed garden offers a tranquil retreat, with a paved patio area for outdoor dining, steps leading to an additional patio space, and a converted shed. This versatile space is ideal as a home office, studio, or bar area and adds a unique and practical dimension to the property.

Ideally located within walking distance of the charming Lees village, local amenities, schools, and excellent transport links, this property is perfectly positioned for modern family living. Its stunning presentation, characterful features, and thoughtful layout make it an outstanding choice for buyers seeking a move-in-ready home with timeless appeal. Viewing Highly Recommended

Ground Floor -

Entrance Hall - Door to front, radiator, stairs leading to first floor, doors leading to:

Lounge - 3.58m x 3.84m (11'9" x 12'7") - Double glazed window to front, feature fireplace with inset fire, radiator, open plan, door to:

Dining Room - 4.27m x 4.15m (14'0" x 13'7") - Double glazed window to rear, radiator, open plan to:

Kitchen - 2.91m x 2.41m (9'7" x 7'11") - Fitted with a matching range of base and eye level units with worktop space over, inset sink and drainer with mixer tap, integrated fridge/freezer, integrated washing machine, built-in oven, built-in hob with extractor hood over, double glazed window to rear, radiator, door to side leading out to rear garden.

First Floor -

Landing - Access to loft, doors leading to:

Bedroom 1 - 3.61m x 5.03m (11'10" x 16'6") - Two double glazed windows to front, radiator.

Bedroom 2 - 4.21m x 3.46m (13'10" x 11'4") - Double glazed window to rear, radiator.

Bathroom - 2.91m x 2.41m (9'7" x 7'11") - Three piece suite comprising L shaped bath with shower over, wall mounted vanity wash unit and low-level WC, part tiled walls, double glazed window to rear, heated towel rail.

Outside - Forecourt garden to the front. Enclosed garden to the rear with paved patio area, steps leading up to further patio area and converted shed perfect for a home office. Potential for off road parking at the rear of the property.

Disclaimer - Home Estate Agents believe all the particulars given to be accurate. They have not tested or inspected any equipment, apparatus, fixtures or fittings and cannot, therefore, offer any proof or confirmation as to their condition or fitness for purpose thereof. The purchaser is advised to obtain the necessary verification from the solicitor or the surveyor. All measurements given are approximate and for guide purposes only and should not be relied upon as accurate for the purpose of buying fixtures, floor-coverings, etc. The buyer should satisfy him/her self of all measurements prior to purchase.

Before we can accept an offer for any property we will need certain information from you which will enable us to qualify your offer. If you are making a cash offer which is not dependent upon the sale of another property we will require proof of funds. You should be advised that any approach to a bank, building society or solicitor before we have qualified your offer may result in legal or survey fees being lost. In addition, any delay may result in the property being offered to someone else.

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Agent Details

Home Estate Agents Ltd, Stalybridge

0161 524 4847

Next Steps?

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