2 Bed Flat, Single Let, Rochdale, OL11 3HP, £100,000

IVOR STREET, Castleton, Rochdale OL11 3HP - 3 months ago

Sold STC

Leasehold

BTL

ROI: 9%

~73 m²

+2 photos

ValuationUndervalued

Sold Prices	£65K - £449.9K
Sold Prices/m²	£1K/m² - £2.2K/m²

Square Metres	~72.60 m²
Price/m²	£1.4K/m²
Value Estimate	£112,338£112,338
BMV	12%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£25,000£25,000
Stamp Duty & Legal Fees	£6,200£6,200
Total Cash In	£31,200£31,200

Cash Out
Rent Range	£650 - £1,350£650 - £1,350
Rent Estimate	£695
Running Costs/mo	£472£472
Cashflow/mo	£224£224
Cashflow/yr	£2,682£2,682
ROI	9%9%
Gross Yield	8%8%

Local Sold Prices

29 sold prices from £65K to £449.9K, average is £97K. £1K/m² to £2.2K/m², average is £1.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£83K	01/21	0.05 mi	19, Ajax Street, Rochdale, Greater Manchester OL11 3HN	£1,239	67	2	Flat
£65K	03/23	0.05 mi	17, Ajax Street, Rochdale, Greater Manchester OL11 3HN	£1,000	65	2	Flat
£120K	01/24	0.06 mi	19, Abbott Street, Rochdale, Greater Manchester OL11 3HT	£1,967	61	2	Flat
£112.5K	12/22	0.24 mi	The Westcombe Building, 47, Sydney Barnes Close, Rochdale, Greater Manchester OL11 3DA	£1,940	58	2	Flat
£95K	07/23	0.25 mi	The Westcombe Building, 5, Sydney Barnes Close, Rochdale, Greater Manchester OL11 3DA	£1,638	58	2	Flat
£120K	08/23	0.25 mi	The Westcombe Building, 25, Sydney Barnes Close, Rochdale, Greater Manchester OL11 3DA	£2,069	58	2	Flat
£102.5K	10/23	0.55 mi	The Oaklands, 206, Fairway, Rochdale, Greater Manchester OL11 3BZ	£1,553	66	2	Flat
£103K	12/20	0.95 mi	4, Maden View, Rochdale, Greater Manchester OL11 2XB	£1,981	52	2	Flat
£102K	01/23	0.96 mi	8, Maden View, Rochdale, Greater Manchester OL11 2XB	-	-	2	Flat
£114.5K	02/23	1.03 mi	44, Hill Top Drive, Rochdale, Greater Manchester OL11 2RD	£1,673	68	2	Flat
£100K	03/23	1.03 mi	2, Ford Gardens, Rochdale, Greater Manchester OL11 4DZ	£2,222	45	2	Flat
£90K	03/22	1.05 mi	6, Ford Gardens, Rochdale, Greater Manchester OL11 4DZ	-	-	2	Flat
£449.9K	02/22	1.29 mi	1, Teal Court, Rochdale, Greater Manchester OL11 5RG	-	-	2	Flat
£100K	03/24	1.3 mi	6, Schofield Street, Heywood, Greater Manchester OL10 1DH	£1,471	68	2	Flat
£84K	02/22	1.32 mi	Flat 9, Makin Court, Schofield Street, Heywood, Greater Manchester OL10 1DR	-	-	2	Flat
£90K	05/24	1.58 mi	4, Hornets Close, Rochdale, Greater Manchester OL11 2AH	£1,385	65	2	Flat
£88K	08/24	1.6 mi	11, Balderstone Road, Rochdale, Greater Manchester OL11 2AD	-	-	2	Flat
£88K	11/23	1.6 mi	21, Balderstone Road, Rochdale, Greater Manchester OL11 2AD	£1,313	67	2	Flat
£88K	05/22	1.64 mi	60, Canberra Way, Rochdale, Greater Manchester OL11 2EL	-	-	2	Flat
£101.5K	07/22	1.64 mi	14, Canberra Way, Rochdale, Greater Manchester OL11 2EL	£1,167	87	2	Flat
£73.5K	05/21	1.64 mi	30, Canberra Way, Rochdale, Greater Manchester OL11 2EL	£1,205	61	2	Flat
£93K	11/22	1.64 mi	12, Canberra Way, Rochdale, Greater Manchester OL11 2EL	£1,476	63	2	Flat
£100K	05/22	1.64 mi	42, Canberra Way, Rochdale, Greater Manchester OL11 2EL	£1,208	83	2	Flat
£95K	02/23	1.64 mi	24, Canberra Way, Rochdale, Greater Manchester OL11 2EL	£1,696	56	2	Flat
£92.5K	12/23	1.64 mi	64, Canberra Way, Rochdale, Greater Manchester OL11 2EL	£1,542	60	2	Flat
£92.5K	11/22	1.64 mi	62, Canberra Way, Rochdale, Greater Manchester OL11 2EL	£1,682	55	2	Flat
£110K	09/21	1.7 mi	28, Burnell Court, Heywood, Greater Manchester OL10 2NW	-	-	2	Flat
£120K	11/23	1.7 mi	2, Burnell Court, Heywood, Greater Manchester OL10 2NW	-	-	2	Flat
£97K	07/23	1.95 mi	11a, Beaufort Street, Rochdale, Greater Manchester OL12 7EP	£1,644	59	2	Flat

Local Rents

37 rents from £650/mo to £1.4K/mo, average is £850/mo.

Rent	Date	Distance	Address	Beds	Type
£750	12/24	0.13 mi	12 Colwyn Street, Castleton, Rochdale OL11 3JH	2	Terraced House
£750	12/24	0.29 mi	7 Ogden Street, Castleton, Rochdale OL11 3DY	2	Terraced House
£750	12/24	0.3 mi	25 Samuel Street, Castleton OL11 3EA	2	Terraced House
£990	06/24	0.31 mi	-	2	Terraced House
£775	12/24	0.35 mi	57 Partington Street, Castleton OL11 3DG	2	Terraced House
£875	03/25	0.36 mi	-	2	Terraced House
£900	04/25	0.58 mi	-	2	Terraced House
£695	11/23	0.61 mi	-	2	Terraced House
£750	12/24	0.66 mi	Newchurch Street, Rochdale	2	Terraced House
£650	12/24	0.67 mi	Queensway, Rochdale, Greater Manchester, OL11	2	Terraced House
£850	06/24	0.67 mi	Melville Street, Rochdale - 2 BEDROOMS PLUS LOFT ROOM	2	Terraced House
£900	03/25	0.67 mi	-	2	Terraced House
£795	12/24	0.69 mi	-	2	Terraced House
£795	04/25	0.7 mi	-	2	Terraced House
£895	11/24	0.83 mi	-	2	Semi-Detached House
£825	12/24	0.87 mi	Holborn Street, Rochdale, Greater Manchester, OL11	2	Semi-Detached House
£900	06/24	0.89 mi	Rye Street, Heywood	2	Detached House
£900	12/24	0.91 mi	-	2	Semi-Detached House
£995	06/24	0.95 mi	Woodland Road, Heywood	2	Detached House
£1,000	01/25	1.01 mi	-	2	Terraced House
£700	06/24	1.02 mi	3 Cherrington House, Cherrington Drive, Castleton OL11 2XS	2	Flat
£700	06/24	1.03 mi	241 Kensington Street, Rochdale OL11 1QS	2	Terraced House
£895	12/24	1.05 mi	Foxhill Road, Castleton	2	Semi-Detached House
£800	06/24	1.09 mi	-	2	Terraced House
£910	12/24	1.09 mi	-	2	Semi-Detached House
£1,248	04/25	1.09 mi	-	2	Semi-Detached House
£895	06/24	1.12 mi	Bury Road, Rochdale, Greater Manchester, OL11	2	Terraced House
£895	06/24	1.12 mi	Bury Road, Rochdale, OL11	2	Terraced House
£1,350	06/24	1.13 mi	Glen Morag Gardens, Rochdale	2	Flat
£850	04/25	1.14 mi	-	2	Flat
£1,100	06/24	1.15 mi	3 Meadowcroft Lane, Rochdale	2	Flat
£800	12/24	1.16 mi	Malvern Street West, Oakenrod	2	Terraced House
£695	02/24	1.17 mi	-	2	Flat
£925	12/24	1.17 mi	-	2	Semi-Detached House
£750	06/24	1.18 mi	Miller Street, Heywood, Greater Manchester, OL10	2	Terraced House
£775	03/25	1.2 mi	-	2	Terraced House
£950	02/24	1.23 mi	-	2	Flat

Local Area Statistics

Population in OL11	45,50645,506
Population in Rochdale	128,851128,851
Town centre distance	2.47 miles away2.47 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.46 miles away0.46 miles away

Rental growth (12m)	+56%+56%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+26%+26%

Property History

Listed for £100,000

January 16, 2025

Floor Plans

Description

Deceptively Spacious +
First Floor Apartment +
Two Double Bedrooms +
Fitted Kitchen +
Three-Piece Bathroom +
Solo Use Rear Garden +
Quiet Yet Convenient Location +
Ideal For First Time Buyers & Investors +
Private Entrance Hall +
No Chain +

Set in a quiet yet convenient location, this FIRST FLOOR APARTMENT offers deceptively spacious and ideal first time buyer living accommodation whilst on the doorstep of excellent local amenities including schools, shops, pubs and train station yet also giving easy access to Rochdale town centre and the motorway network.

Internally, the apartment has been well-maintained with the living accommodation comprising of a private entrance hall, lounge, fitted kitchen, TWO DOUBLE BEDROOMS and a three-piece bathroom. The property also benefits from having gas central heating and upvc double glazing throughout.

The apartment benefits from having a private rear garden that is only for the use of the occupant of the property as well as additional outdoor storage.

Agent Details

Reside Estate Agency, Rochdale

01706 335427

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents