3 Bed Terraced House, Refurb/BRRR, Rochdale, OL16 4PG, £160,000

Broad Lane, Buersil, Rochdale, Greater Manchester, OL16 4PG - 3 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~93 m²
+4 photos

ValuationFair Value

Sold Prices£105K - £440K
Sold Prices/m²£1.2K/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£160,000

 

 

End Value (After Refurb)

£166,223

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,900

Refurb Costs

£39,200

Bridging Loan Interest

£4,200

Total Cash In

£95,050

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£166,223

Mortgage (After Refinance)

£124,667

Mortgage LTV

75%

Cash Released

£4,667

Cash Left In

£90,383

Equity

£41,556

Rent Range

£850 - £3,500

Rent Estimate

£1,205

Running Costs/mo

£780

Cashflow/mo

£425

Cashflow/yr

£5,095

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £105K to £440K, average is £190K. £1.2K/m² to £3.9K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£148K04/210.07 mi12, Cleveleys Avenue, Rochdale, Greater Manchester OL16 4PD3
£200K12/230.12 mi35, Charlotte Street, Rochdale, Greater Manchester OL16 4TJ3
£235K02/230.12 mi5, Crompton Avenue, Rochdale, Greater Manchester OL16 4PB3
£196.5K02/230.13 mi29, Charlotte Street, Rochdale, Greater Manchester OL16 4TJ3
£174.5K11/220.13 mi20, Buersil Avenue, Rochdale, Greater Manchester OL16 4TP3
£195K05/230.15 mi18, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TZ3
£165K12/230.17 mi39, Weston Avenue, Rochdale, Greater Manchester OL16 4PW3
£205K09/230.2 mi4, Weston Avenue, Rochdale, Greater Manchester OL16 4TS3
£161.8K08/210.2 mi6, Fraser Street, Rochdale, Greater Manchester OL16 4UA3
£200K04/210.21 mi1, Seymour Grove, Rochdale, Greater Manchester OL16 4RB3
£163K02/210.21 mi119, Broad Lane, Rochdale, Greater Manchester OL16 4PP3
£160K07/230.22 mi9, Stiups Lane, Rochdale, Greater Manchester OL16 4XR3
£146K12/230.23 mi294, Oldham Road, Rochdale, Greater Manchester OL11 2EZ3
£135K11/230.23 mi292, Oldham Road, Rochdale, Greater Manchester OL11 2EZ3
£105K07/230.24 mi57, Queen Victoria Street, Rochdale, Greater Manchester OL11 2HF3
£147.5K02/210.24 mi4, Gisburn Drive, Rochdale, Greater Manchester OL11 2DE3
£180K06/240.25 mi53, Clarendon Street, Rochdale, Greater Manchester OL16 4UB3
£225K03/230.25 mi20, Ryelands Close, Rochdale, Greater Manchester OL16 4UE3
£216K06/230.26 mi38, Buersil Avenue, Rochdale, Greater Manchester OL16 4TR3
£170K07/210.26 mi63, Buersil Avenue, Rochdale, Greater Manchester OL16 4TR3
£155K12/200.26 mi65, Buersil Avenue, Rochdale, Greater Manchester OL16 4TR3
£191K10/230.26 mi42, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TY3
£135K03/210.26 mi30, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TY3
£166K10/230.26 mi17, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TY3
£190K02/230.26 mi89, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TY3
£160K09/230.27 mi34, Melbourne Close, Rochdale, Greater Manchester OL11 2EJ3
£154.5K05/210.27 mi68, Melbourne Close, Rochdale, Greater Manchester OL11 2EJ3
£220K01/230.27 mi64, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TY3
£440K12/200.28 mi15, Blackchapel Drive, Rochdale, Greater Manchester OL16 4QU3
£341K10/230.28 mi12, Blackchapel Drive, Rochdale, Greater Manchester OL16 4QU3
£182K04/210.28 mi28, Craiglands, Rochdale, Greater Manchester OL16 4RA3
£190K11/220.29 mi62, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TY3
£252K06/210.29 mi4, Meadowfield, Rochdale, Greater Manchester OL16 4QW3
£228K08/230.29 mi12, Berkeley Drive, Rochdale, Greater Manchester OL16 4UF3
£259.9K03/240.31 mi41, Craiglands, Rochdale, Greater Manchester OL16 4RD3
£205K02/210.31 mi37, Craiglands, Rochdale, Greater Manchester OL16 4RD3
£205K03/210.31 mi61, Craiglands, Rochdale, Greater Manchester OL16 4RD3
£295K01/210.33 mi2, Badger Close, Rochdale, Greater Manchester OL16 4QR3
£245K04/230.34 mi26, Charter Street, Rochdale, Greater Manchester OL16 4UD3
£342.5K09/230.37 mi28, Hurst Meadow, Rochdale, Greater Manchester OL16 4QP3
£170K03/210.38 mi22, Gilbrook Way, Rochdale, Greater Manchester OL16 4RT3
£217K02/210.38 mi2, Gilbrook Way, Rochdale, Greater Manchester OL16 4RT3
£173K04/230.38 mi6, Carpenters Way, Rochdale, Greater Manchester OL16 4XU3
£184K05/210.38 mi1, Carpenters Way, Rochdale, Greater Manchester OL16 4XU3
£200K10/230.38 mi5, Carpenters Way, Rochdale, Greater Manchester OL16 4XU3
£190K06/230.4 mi12, St Marys Close, Rochdale, Greater Manchester OL16 4XT3
£203K06/230.41 mi82, Kingsway, Rochdale, Greater Manchester OL16 4UU3
£180K11/230.41 mi112, Queensway, Rochdale, Greater Manchester OL11 1TJ3
£155K11/220.41 mi86, Queensway, Rochdale, Greater Manchester OL11 1TJ3
£120K08/230.41 mi7, Schofield Street, Rochdale, Greater Manchester OL11 1BA3

Local Rents

25 rents from £850/mo to £3.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10012/240.18 miBroad Lane, Rochdale, OL163
£1,10012/240.18 mi-3
£1,08012/240.21 mi-3
£1,15002/250.22 mi-3
£1,10012/240.24 mi-3
£1,25006/240.47 miGinnell Farm Avenue, Rochdale3
£1,10012/240.49 miApple Tree Way, Rochdale, OL163
£1,10012/240.53 miDarlington Road, Rochdale, Greater Manchester, OL113
£85005/240.61 mi-3
£1,45006/240.65 miHill Top Drive, Rochdale, OL113
£1,45006/240.65 mi-3
£1,36003/250.65 mi-3
£1,00012/240.7 mi-3
£90012/240.72 mi-3
£90012/240.72 mi-3
£99504/250.79 mi-3
£99512/240.79 mi-3
£99512/240.79 mi-3
£99512/240.82 mi-3
£3,50012/240.88 mi-3
£90012/241.03 mi-3
£90012/241.03 miMere Street, Rochdale, OL113
£85006/241.12 miThornham Court Royton. 3
£1,30012/241.14 mi-3
£1,30010/241.14 mi-3

Local Area Statistics

Population in OL16

37,246

Population in Rochdale

128,851

Town centre distance

1.91 miles away

Nearest school

0.10 miles away

Nearest train station

0.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £160,000

January 27, 2025

Floor Plans

Description

  • Victorian End Terraced House +
  • Freehold +
  • 3 Good Sized Bedrooms +
  • 1 Family Bathroom + 1 En Suite Shower Room +
  • 2 Reception Rooms +
  • Large Kitchen Dining Room +
  • 2 Utility Rooms +
  • Gardens Front & Rear +
  • Potential Off Street Parking +
  • Modernisation Required +

CHAIN FREE! A spacious 3 bed Victorian end terraced house, in need of some modernisation. Located just off Oldham road, the property is ideally positioned and will appeal to both investors and those looking to create their perfect family home. Viewing highly recommended. EPC:E.

Ryder & Dutton are pleased to bring to the market the traditional Victorian end terraced house, free from chain. In need of some modernisation, this is a great opportunity for both investors and those looking to create their dream family home.

Externally the property is garden fronted, there is also a good sized paved garden to the rear which also has the potential to be converted into off street parking with access available to the rear via Turnhill Road.

Internal inspection will reveal porch, spacious lounge then through to the open plan kitchen dining area. There is then an additional reception room and two utility rooms in the extension.

To the first floor is the landing, the family bathroom and then three good sized bedrooms - with one including an en suite shower room.

Located just off Oldham Road, the property is ideally positioned with great travel links and easy access to Shaw, Royton and Rochdale town centre. Also close by is Balderstone park, great local shops, restaurants and other amenities.

Viewing highly recommended.

EPC: TBC

Agent Details

Ryder & Dutton, Rochdale

01706 335894

Next Steps?

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