2 Bed Terraced House, Single Let, Rochdale, OL16 5LL, £100,000

Prince Street, Lowerplace, Rochdale, OL16 5LL - 3 months ago

Sold STC
Leasehold
BTL
ROI: 9%
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£35K - £160K
Sold Prices/m²£556/m² - £3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£86,436

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Total Cash In

£31,200

 

 

Cash Out

 

Rent Range

£775 - £925

Rent Estimate

£706

Running Costs/mo

£474

Cashflow/mo

£232

Cashflow/yr

£2,788

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £35K to £160K, average is £101K. £556/m² to £3K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£67.5K12/200 mi37, Prince Street, Rochdale, Greater Manchester OL16 5LL2
£94.5K06/230 mi15, Prince Street, Rochdale, Greater Manchester OL16 5LL2
£90K03/240 mi9, Prince Street, Rochdale, Greater Manchester OL16 5LL2
£135K08/230.07 mi1, Crown Gardens, Rochdale, Greater Manchester OL16 5LG2
£152K11/220.08 mi79, Percy Street, Rochdale, Greater Manchester OL16 5LF2
£108K11/200.08 mi73, Percy Street, Rochdale, Greater Manchester OL16 5LF2
£92K06/210.09 mi107, Prince Street, Rochdale, Greater Manchester OL16 5LJ2
£75K12/200.09 mi110, Prince Street, Rochdale, Greater Manchester OL16 5LJ2
£148K02/240.09 mi87, Prince Street, Rochdale, Greater Manchester OL16 5LJ2
£125K10/230.09 mi73, Prince Street, Rochdale, Greater Manchester OL16 5LJ2
£83K03/210.1 mi86, Royds Street, Rochdale, Greater Manchester OL16 5JS2
£80K03/210.11 mi10, Moss Mill Street, Rochdale, Greater Manchester OL16 5JX2
£110K02/240.11 mi27, Moss Mill Street, Rochdale, Greater Manchester OL16 5JX2
£120K12/220.12 mi10, Moss Mill Street, Rochdale, Greater Manchester OL16 5JX2
£60K03/210.13 mi32, Well Street, Rochdale, Greater Manchester OL11 1AX2
£81.5K01/210.13 mi15, Well Street, Rochdale, Greater Manchester OL11 1AX2
£105K02/230.14 mi10, Sandfield Road, Rochdale, Greater Manchester OL16 5LE2
£152K02/230.14 mi19, Sandfield Road, Rochdale, Greater Manchester OL16 5LE2
£135K07/230.18 mi15, Schofield Street, Rochdale, Greater Manchester OL11 1BA2
£100K06/210.19 mi23, Watkin Street, Rochdale, Greater Manchester OL16 4UH2
£127K09/230.19 mi10, Watkin Street, Rochdale, Greater Manchester OL16 4UH2
£90K11/230.19 mi15, Watkin Street, Rochdale, Greater Manchester OL16 4UH2
£104K01/240.2 mi20, Woodbine Street East, Rochdale, Greater Manchester OL16 5LB2
£115K05/230.2 mi98, Woodbine Street East, Rochdale, Greater Manchester OL16 5LB2
£115K12/220.23 mi9, Tennyson Street, Rochdale, Greater Manchester OL11 1LY2
£35K02/240.24 mi4, Hereford Street, Rochdale, Greater Manchester OL11 1LN2
£120K10/230.24 mi35, Muriel Street, Rochdale, Greater Manchester OL16 5JQ2
£55K01/230.24 mi165, Royds Street, Rochdale, Greater Manchester OL16 5JZ2
£78K04/230.25 mi58, Watkin Street, Rochdale, Greater Manchester OL16 4UJ2
£100K01/230.25 mi61, Watkin Street, Rochdale, Greater Manchester OL16 4UJ2
£90K02/210.27 mi4, Thames Street, Rochdale, Greater Manchester OL16 5NY2
£155K07/240.28 mi100, Clarendon Street, Rochdale, Greater Manchester OL16 4UB2
£104K08/210.29 mi5, Burlington Street, Rochdale, Greater Manchester OL11 2EX2
£127.5K02/240.29 mi3, Burlington Street, Rochdale, Greater Manchester OL11 2EX2
£122K12/220.3 mi94, Clarendon Street, Rochdale, Greater Manchester OL16 4UB2
£100K05/240.32 mi114, Queensway, Rochdale, Greater Manchester OL11 1TJ2
£83K03/210.32 mi5, Philip Street, Rochdale, Greater Manchester OL11 1PJ2
£60K12/200.33 mi27, Lower Street, Rochdale, Greater Manchester OL16 4TG2
£85K01/210.34 mi28, Pioneer Street, Rochdale, Greater Manchester OL11 1JG2
£84K11/200.34 mi18, Pioneer Street, Rochdale, Greater Manchester OL11 1JG2
£102K12/230.34 mi20, Pioneer Street, Rochdale, Greater Manchester OL11 1JG2
£106.5K09/230.35 mi39, Greenfield Street, Rochdale, Greater Manchester OL11 2JX2
£85K06/240.35 mi47, Greenfield Street, Rochdale, Greater Manchester OL11 2JX2
£95K08/210.37 mi13, Overt Street, Rochdale, Greater Manchester OL11 1PW2
£140K11/220.37 mi84, Buersil Avenue, Rochdale, Greater Manchester OL16 4TR2
£132.5K02/210.39 mi22, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TZ2
£145K04/240.41 mi32, Charlotte Street, Rochdale, Greater Manchester OL16 4TJ2
£160K10/230.41 mi60, Charlotte Street, Rochdale, Greater Manchester OL16 4TJ2
£88K04/210.41 mi54, Charlotte Street, Rochdale, Greater Manchester OL16 4TJ2
£84K08/210.41 mi20, Welburn Street, Rochdale, Greater Manchester OL11 1PR2

Local Rents

10 rents from £775/mo to £925/mo, average is £863/mo.

RentDateDistanceAddressBeds 
£89504/250.08 mi-2
£85012/240.09 miPercy Street, Rochdale2
£80012/240.09 miPrince Street, Rochdale2
£87504/250.17 mi-2
£85004/250.18 mi-2
£89512/240.32 mi-2
£92504/250.32 mi-2
£89504/250.47 mi-2
£77511/230.53 mi-2
£85006/240.57 miRhodes Crescent, Rochdale2

Local Area Statistics

Population in OL16

37,246

Population in Rochdale

128,851

Town centre distance

1.39 miles away

Nearest school

0.20 miles away

Nearest train station

0.44 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 27, 2025

Floor Plans

Description

  • Charming Mid Terraced House +
  • 2 Good Sized Bedrooms +
  • Large Lounge w/ Stunning Features +
  • Kitchen Diner + Utility +
  • Cellar +
  • Paved Gardens, Front & Rear +
  • Council Tax: Band A +
  • Leasehold: 841 Years Remaining +
  • Ground Rent: £2 Per Anum +
  • EPC: C. +

A charming mid terraced house, perfect for first time buyers and investors alike. Briefly comprising of a large lounge, kitchen diner w/ utility, cellar, 2 good sized bedrooms, family bathroom, paved gardens front and rear. Located in a popular residential area, early viewing is essential. EPC: C.

Ryder & Dutton are please to bring to the market this charming mid terraced house. The property will instanly appeal to both first time buyers and investors alike.

Internal inspection will reveal a most spacious lounge with stunning features including fire place, bay window and open riser staircase. Then on through to the kitchen which includes a dining area with patio doors which lead to the rear garden, plus there is also a utility room in the extension for added convenience. The property also includes a cellar, which is accessed via the lounge.

To the first floor is a generous sized landing, the master bedroom is double fronted and includes fitted wardrobes. There is also a family bathroom and then a second good sized bedroom.

Externally the property includes paved gardens, front and rear.

Located with Lowerplace, the property is ideally positioned and is only a moments’ walk from local shops, bus routes and other local amenities.

Early viewing essential.

EPC: C.

Agent Details

Ryder & Dutton, Rochdale

01706 335894

Next Steps?

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