2 Bed Semi-Detached House, Cash/Bridging Only, Oldham, OL4 3NB, £210,000

Stamford Road, Lees, Oldham, OL4 3NB - 4 views - 2 months ago

Leasehold
Cash
ROI: 1%
~68 m²
+8 photos

ValuationOvervalued

Sold Prices£75K - £265K
Sold Prices/m²£1.1K/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.1K/m²

Value Estimate

£148,070

 

 

End Value (After Refurb)

£192,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,650

Refurb Costs

£28,709

Bridging Loan Interest

£5,513

Total Cash In

£96,122

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£192,500

Mortgage (After Refinance)

£144,375

Mortgage LTV

75%

Cash Left In

£96,122

Equity

£48,125

Rent Range

£650 - £1,100

Rent Estimate

£856

Running Costs/mo

£793

Cashflow/mo

£63

Cashflow/yr

£759

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £75K to £265K, average is £141.5K. £1.1K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£195K10/220.02 mi96, Stamford Road, Lees, Oldham, Greater Manchester OL4 3NB2
£147K02/210.04 mi106, Stamford Road, Lees, Oldham, Greater Manchester OL4 3NB2
£188K06/230.04 mi104, Stamford Road, Lees, Oldham, Greater Manchester OL4 3NB2
£115K11/200.07 mi662, Huddersfield Road, Lees, Oldham, Greater Manchester OL4 3PZ2
£134K12/200.09 mi697, Huddersfield Road, Lees, Oldham, Greater Manchester OL4 3PY2
£135K09/230.1 mi187, Stamford Road, Lees, Oldham, Greater Manchester OL4 3ND2
£92K09/210.12 mi20, Smith Street, Lees, Oldham, Greater Manchester OL4 3NQ2
£135K08/210.12 mi4a, Smith Street, Lees, Oldham, Greater Manchester OL4 3NQ2
£109.5K11/200.12 mi27, Smith Street, Lees, Oldham, Greater Manchester OL4 3NQ2
£75K07/230.13 mi7, Turner Street, Lees, Oldham, Greater Manchester OL4 3JH2
£125K08/210.15 mi1, Dunham Street, Lees, Oldham, Greater Manchester OL4 3NF2
£190K08/230.15 mi10a, Dunham Street, Lees, Oldham, Greater Manchester OL4 3NF2
£112K08/230.17 mi628, Huddersfield Road, Lees, Oldham, Greater Manchester OL4 3NL2
£139.9K07/210.18 mi30, Dunham Street, Lees, Oldham, Greater Manchester OL4 3NH2
£153K03/230.21 mi12, Hollins Avenue, Lees, Oldham, Greater Manchester OL4 3PQ2
£143K02/210.21 mi33, Crossbank Avenue, Lees, Oldham, Greater Manchester OL4 4SD2
£241.5K11/220.21 mi3, Davids Lane, Springhead, Oldham, Greater Manchester OL4 4RZ2
£103K11/200.21 mi780, Huddersfield Road, Austerlands, Oldham, Greater Manchester OL4 3QB2
£173.5K12/220.22 mi35, Crossbank Avenue, Lees, Oldham, Greater Manchester OL4 4SD2
£144.9K05/210.22 mi23, Stamford Road, Lees, Oldham, Greater Manchester OL4 3LH2
£84K04/210.23 mi569, Huddersfield Road, Waterhead, Oldham, Greater Manchester OL4 3NY2
£140K04/230.23 mi541, Huddersfield Road, Waterhead, Oldham, Greater Manchester OL4 3NY2
£115K04/210.23 mi573, Huddersfield Road, Waterhead, Oldham, Greater Manchester OL4 3NY2
£88K06/210.23 mi547, Huddersfield Road, Waterhead, Oldham, Greater Manchester OL4 3NY2
£145K10/230.26 mi803, Huddersfield Road, Austerlands, Oldham, Greater Manchester OL4 3QA2
£132.5K02/210.26 mi803, Huddersfield Road, Austerlands, Oldham, Greater Manchester OL4 3QA2
£165.5K12/220.27 mi23, Sunfield Way, Lees, Oldham, Greater Manchester OL4 3LG2
£260K12/220.27 mi9, Woodhead Close, Lees, Oldham, Greater Manchester OL4 3JS2
£210K09/230.33 miDaisy Hill Bungalow, Brideoak Street, Oldham, Greater Manchester OL4 2HB2
£223K03/210.34 mi29, Thorpe Close, Austerlands, Oldham, Greater Manchester OL4 3QL2
£265K09/230.34 mi29, Thorpe Close, Austerlands, Oldham, Greater Manchester OL4 3QL2
£174.5K01/240.36 mi46, Church Street East, Oldham, Greater Manchester OL4 2JQ2
£185K06/230.36 mi20, Church Street East, Oldham, Greater Manchester OL4 2JQ2
£171K02/210.36 mi8, Claytons Close, Springhead, Oldham, Greater Manchester OL4 4NT2
£230.5K06/230.38 mi17, Little Oak Close, Lees, Oldham, Greater Manchester OL4 3LW2
£228K12/230.38 mi7, Little Oak Close, Lees, Oldham, Greater Manchester OL4 3LW2
£165K04/210.38 mi19, Medlock Way, Lees, Oldham, Greater Manchester OL4 3LD2
£80K07/230.4 mi8, Cotton Tree Close, Oldham, Greater Manchester OL4 2EP2
£195K04/210.4 mi49, Den Hill Drive, Springhead, Oldham, Greater Manchester OL4 4NR2
£155K02/210.4 mi19, Carr House Road, Springhead, Oldham, Greater Manchester OL4 4NW2
£140K11/230.41 mi32, Linden Avenue, Oldham, Greater Manchester OL4 2EW2
£112K05/210.41 mi14, Linden Avenue, Oldham, Greater Manchester OL4 2EW2
£128K07/230.42 mi132, St John Street, Lees, Oldham, Greater Manchester OL4 3DJ2
£103K04/210.45 mi16, Morley Street, Oldham, Greater Manchester OL4 2JD2
£137.2K05/230.45 mi16, Morley Street, Oldham, Greater Manchester OL4 2JD2
£152K04/230.45 mi6, Knowsley, Springhead, Oldham, Greater Manchester OL4 4BJ2
£123K05/230.46 mi13, Galland Street, Oldham, Greater Manchester OL4 3EU2
£108K03/210.49 mi307, Greenacres Road, Oldham, Greater Manchester OL4 2EJ2
£108K03/210.49 mi307, Greenacres Road, Oldham, Greater Manchester OL4 2EJ2
£180K01/230.5 mi97, New Street, Lees, Oldham, Greater Manchester OL4 3LP2

Local Rents

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

RentDateDistanceAddressBeds 
£94012/240.11 mi-2
£82504/240.12 mi-2
£75006/240.12 miSmith Street, Oldham, Greater Manchester, OL42
£77512/240.13 miTurner Street, Lees, Oldham, OL42
£90012/240.2 mi-2
£96506/240.21 miHuddersfield Road, Austerlands, Oldham, OL42
£65011/240.26 mi-2
£85012/240.42 mi-2
£85006/240.46 miKnowsley, Springhead, Saddleworth, OL42
£90012/240.47 mi-2
£85002/250.47 mi-2
£87501/250.53 mi-2
£77504/240.54 mi-2
£1,10012/240.55 miCooper Street, Springhead, Oldham, Greater Manchester, OL42
£77506/240.55 mi21 Station Street Springhead Oldham2
£85010/230.6 mi-2
£87506/240.61 mi-2
£90012/240.61 mi-2

Local Area Statistics

Population in OL4

44,247

Population in Oldham

182,174

Town centre distance

1.30 miles away

Nearest school

0.30 miles away

Nearest train station

1.40 miles away

 

 

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+46%

Property History

Price changed to £210,000

March 12, 2025

Listed for £215,000

January 29, 2025

Floor Plans

Description

  • Two Bedrooms +
  • Sought-After Area +
  • Two Reception Rooms +
  • Driveway +
  • Large Versatile Outbuilding +
  • Viewing Essential! +

This beautifully presented two-bedroom semi-detached home is situated in a highly sought-after area of Lees, enjoying an elevated position set back from the road. Offering a perfect blend of charm, convenience, and modern living, the property is within walking distance of Lees village, where a range of shops, schools, bars, and restaurants can be found. For those who enjoy the outdoors, Strinesdale Country Park, Uppermill village, and scenic countryside walks are all within easy reach, while excellent transport links provide access to Oldham Town Centre and beyond.

The ground floor welcomes you with an entrance hall leading into a spacious lounge, ideal for relaxing and entertaining. The dining room benefits from French doors opening onto the rear garden, creating a seamless indoor-outdoor flow. The well-equipped kitchen offers a functional and stylish space for cooking.

Upstairs, the property boasts two generously sized bedrooms, each offering comfortable living space with plenty of natural light. The contemporary shower room is tastefully designed, featuring modern fixtures and fittings.

Externally, the front of the property includes a private driveway, with steps leading up to the entrance. The rear garden is a standout feature, offering a private and enclosed space to unwind. A decking area provides the perfect spot for outdoor dining and entertaining, while steps lead up to a substantial wooden-built outbuilding, complete with power and lighting, offering a versatile space that could be used as a home office, gym, or workshop.

This fantastic home is ideal for first-time buyers, young professionals, or those looking to downsize without compromising on space or location. With its excellent setting, modern interiors, and outdoor features, this property is a must-see. Viewing Highly Recommended

Ground Floor -

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

Lounge - 3.77m x 3.50m (12'4" x 11'6") - Double glazed box window to front, radiator, door leading to:

Dining Room - 5.27m x 4.44m (17'3" x 14'7") - Radiator, door to storage cupboard, double glazed French doors leading out to rear garden, open plan to:

Kitchen - 2.67m x 2.41m (8'9" 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, tiled splashbacks, integrated fridge/freezer, fitted washing machine, built-in eye level oven, built-in hob with extractor hood over, double glazed window to rear.

First Floor -

Landing - Double glazed window to side, doors leading to:

Bedroom 1 - 4.05m x 4.37m (13'3" x 14'4") - Double glazed box window to front, radiator.

Bedroom 2 - 2.82m x 2.54m (9'3" x 8'4") - Double glazed window to rear, radiator.

Shower Room - 1.50m x 1.93m (4'11" x 6'4") - Three piece suite comprising shower enclosure, wash hand basin and low-level WC tiled walls, double glazed window to rear, heated towel rail.

Outside - Paved driveway with steps leading up to the front of the property. Enclosed garden to the rear with decked area and steps leading up to versatile wooden built outbuilding with power and lighting.

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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