2 Bed Terraced House, Single Let, Rochdale, OL16 4UH, £100,000

WATKIN STREET, Lowerplace, Rochdale OL16 4UH - 3 months ago

Sold STC
Leasehold
BTL
ROI: 9%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£35K - £167.5K
Sold Prices/m²£556/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£90,527

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£29,200

 

 

Cash Out

 

Rent Range

£775 - £950

Rent Estimate

£698

Running Costs/mo

£472

Cashflow/mo

£226

Cashflow/yr

£2,711

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £35K to £167.5K, average is £105.8K. £556/m² to £3.5K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£100K06/210.03 mi23, Watkin Street, Rochdale, Greater Manchester OL16 4UH2
£127K09/230.03 mi10, Watkin Street, Rochdale, Greater Manchester OL16 4UH2
£90K11/230.03 mi15, Watkin Street, Rochdale, Greater Manchester OL16 4UH2
£135K08/230.09 mi1, Crown Gardens, Rochdale, Greater Manchester OL16 5LG2
£78K04/230.1 mi58, Watkin Street, Rochdale, Greater Manchester OL16 4UJ2
£100K01/230.1 mi61, Watkin Street, Rochdale, Greater Manchester OL16 4UJ2
£135K07/230.11 mi15, Schofield Street, Rochdale, Greater Manchester OL11 1BA2
£155K07/240.13 mi100, Clarendon Street, Rochdale, Greater Manchester OL16 4UB2
£60K03/210.13 mi32, Well Street, Rochdale, Greater Manchester OL11 1AX2
£81.5K01/210.13 mi15, Well Street, Rochdale, Greater Manchester OL11 1AX2
£104K08/210.14 mi5, Burlington Street, Rochdale, Greater Manchester OL11 2EX2
£127.5K02/240.14 mi3, Burlington Street, Rochdale, Greater Manchester OL11 2EX2
£122K12/220.15 mi94, Clarendon Street, Rochdale, Greater Manchester OL16 4UB2
£108K11/200.15 mi73, Percy Street, Rochdale, Greater Manchester OL16 5LF2
£152K11/220.15 mi79, Percy Street, Rochdale, Greater Manchester OL16 5LF2
£67.5K12/200.15 mi37, Prince Street, Rochdale, Greater Manchester OL16 5LL2
£94.5K06/230.15 mi15, Prince Street, Rochdale, Greater Manchester OL16 5LL2
£90K03/240.15 mi9, Prince Street, Rochdale, Greater Manchester OL16 5LL2
£60K12/200.18 mi27, Lower Street, Rochdale, Greater Manchester OL16 4TG2
£92K06/210.19 mi107, Prince Street, Rochdale, Greater Manchester OL16 5LJ2
£75K12/200.19 mi110, Prince Street, Rochdale, Greater Manchester OL16 5LJ2
£148K02/240.19 mi87, Prince Street, Rochdale, Greater Manchester OL16 5LJ2
£125K10/230.19 mi73, Prince Street, Rochdale, Greater Manchester OL16 5LJ2
£106.5K09/230.2 mi39, Greenfield Street, Rochdale, Greater Manchester OL11 2JX2
£85K06/240.2 mi47, Greenfield Street, Rochdale, Greater Manchester OL11 2JX2
£83K03/210.23 mi86, Royds Street, Rochdale, Greater Manchester OL16 5JS2
£100K05/240.23 mi114, Queensway, Rochdale, Greater Manchester OL11 1TJ2
£132.5K02/210.25 mi22, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TZ2
£105K02/230.25 mi10, Sandfield Road, Rochdale, Greater Manchester OL16 5LE2
£152K02/230.25 mi19, Sandfield Road, Rochdale, Greater Manchester OL16 5LE2
£80K03/210.25 mi10, Moss Mill Street, Rochdale, Greater Manchester OL16 5JX2
£110K02/240.25 mi27, Moss Mill Street, Rochdale, Greater Manchester OL16 5JX2
£145K04/240.26 mi32, Charlotte Street, Rochdale, Greater Manchester OL16 4TJ2
£160K10/230.26 mi60, Charlotte Street, Rochdale, Greater Manchester OL16 4TJ2
£88K04/210.26 mi54, Charlotte Street, Rochdale, Greater Manchester OL16 4TJ2
£120K12/220.26 mi10, Moss Mill Street, Rochdale, Greater Manchester OL16 5JX2
£122.5K04/210.28 mi8, Buersil Avenue, Rochdale, Greater Manchester OL16 4TP2
£140K11/220.28 mi84, Buersil Avenue, Rochdale, Greater Manchester OL16 4TR2
£140K12/230.29 mi67, Queen Victoria Street, Rochdale, Greater Manchester OL11 2HF2
£115K12/220.29 mi9, Tennyson Street, Rochdale, Greater Manchester OL11 1LY2
£167.5K10/230.31 mi11, Stiups Lane, Rochdale, Greater Manchester OL16 4XR2
£104K01/240.31 mi20, Woodbine Street East, Rochdale, Greater Manchester OL16 5LB2
£115K05/230.31 mi98, Woodbine Street East, Rochdale, Greater Manchester OL16 5LB2
£120K10/230.32 mi35, Muriel Street, Rochdale, Greater Manchester OL16 5JQ2
£55K01/230.33 mi165, Royds Street, Rochdale, Greater Manchester OL16 5JZ2
£35K02/240.33 mi4, Hereford Street, Rochdale, Greater Manchester OL11 1LN2
£78.5K11/200.36 mi597, Oldham Road, Rochdale, Greater Manchester OL16 4SU2
£83K03/210.36 mi5, Philip Street, Rochdale, Greater Manchester OL11 1PJ2
£102K03/210.36 mi47, Broad Lane, Rochdale, Greater Manchester OL16 4PL2
£111.8K09/230.37 mi2, Great Gates Close, Rochdale, Greater Manchester OL11 2HW2

Local Rents

10 rents from £775/mo to £950/mo, average is £885/mo.

RentDateDistanceAddressBeds 
£85012/240.15 miPercy Street, Rochdale2
£89503/250.15 mi-2
£89512/240.17 mi-2
£92504/250.17 mi-2
£80012/240.2 miPrince Street, Rochdale2
£87504/250.28 mi-2
£89504/250.32 mi-2
£85006/240.45 miRhodes Crescent, Rochdale2
£77511/230.54 mi-2
£95003/250.61 mi-2

Local Area Statistics

Population in OL16

37,246

Population in Rochdale

128,851

Town centre distance

1.54 miles away

Nearest school

0.30 miles away

Nearest train station

0.54 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £100,000

January 18, 2025

Floor Plans

Description

  • Deceptively Spacious +
  • Mid-Terraced House +
  • Fantastic Potential +
  • Two Double Bedrooms +
  • In Need Of Cosmetic Updating +
  • Popular Yet Convenient Location +
  • New uPVC Double Glazing & Front Door +
  • Private Rear Yard +
  • Ideal For First Time Buyers / Investors +
  • No Chain +

This deceptively spacious MID-TERRACED HOUSE offers a fantastic potential and can be in a popular yet convenient location just off the main Oldham to Rochdale road making it within walking distance of excellent local amenities including local schools and provides easy access to Rochdale / Oldham town centres and the motorway network.

Internally, the property may require some cosmetic updating but does not compromise on space. This larger than average mid-terraced house offers ideal first time buyer living accommodation comprising of an entrance vestibule, lounge, fitted dining kitchen, TWO DOUBLE BEDROOMS and a three-piece bathroom. The property also benefits from having gas central heating and upvc double glazing throughout.

There is a private garden situated at the rear of the property.

Agent Details

Reside Estate Agency, Rochdale

01706 335427

Next Steps?

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