2 Bed Flat, Single Let, Rochdale, OL16 3DN, £125,000

55 Churchgate, 1 Schofield Place, OL16 3DN, Rochdale - 3 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~52 m²
+8 photos

ValuationOvervalued

Sold Prices£73.5K - £177K
Sold Prices/m²£1.1K/m² - £2.7K/m²

 

 

Square Metres

~51.50 m²
Price/m²£2.4K/m²

Value Estimate

£75,571

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£7,450

Total Cash In

£38,700

 

 

Cash Out

 

Rent Range

£565 - £1,200

Rent Estimate

£700

Running Costs/mo

£551

Cashflow/mo

£149

Cashflow/yr

£1,793

ROI

5%

Gross Yield

7%

Local Sold Prices

24 sold prices from £73.5K to £177K, average is £94K. £1.1K/m² to £2.7K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£117.8K01/220.29 mi7, Clock Tower Court, Milnrow, Rochdale, Greater Manchester OL16 3PY2
£177K04/220.43 mi4, Moorhouse Farm, Milnrow, Rochdale, Greater Manchester OL16 4BS2
£135K07/210.43 mi2, Moorhouse Farm, Milnrow, Rochdale, Greater Manchester OL16 4BS2
£108K11/200.43 mi5, Moorhouse Farm, Milnrow, Rochdale, Greater Manchester OL16 4BS2
£107K11/201.15 mi39, Newbold Hall Gardens, Rochdale, Greater Manchester OL16 3AL2
£115K03/221.27 miApartment 8, Textile Mills, Clegg Hall Road, Littleborough, Greater Manchester OL15 0AF2
£75K08/211.51 mi60, Eafield Road, Rochdale, Greater Manchester OL16 2TH2
£75K08/211.51 mi60, Eafield Road, Rochdale, Greater Manchester OL16 2TH2
£101.5K07/221.77 mi14, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£73.5K05/211.78 mi30, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£93K11/221.78 mi12, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£100K05/221.78 mi42, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£95K02/231.78 mi24, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£92.5K12/231.78 mi64, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£90K05/241.79 mi4, Hornets Close, Rochdale, Greater Manchester OL11 2AH2
£88K08/241.79 mi11, Balderstone Road, Rochdale, Greater Manchester OL11 2AD2
£88K11/231.79 mi21, Balderstone Road, Rochdale, Greater Manchester OL11 2AD2
£88K05/221.79 mi60, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£92.5K11/221.8 mi62, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£145K08/221.83 mi25, Primrose Hill Court, Shaw, Oldham, Greater Manchester OL2 7PJ2
£142K10/221.83 mi7, Primrose Hill Court, Shaw, Oldham, Greater Manchester OL2 7PJ2
£155K05/231.9 mi16, The Brock, Shaw, Oldham, Greater Manchester OL2 7HG2
£76K11/201.94 mi17, Thornham Road, Shaw, Oldham, Greater Manchester OL2 7HR2
£85K08/221.99 mi74, Assheton Road, Shaw, Oldham, Greater Manchester OL2 7LP2

Local Rents

20 rents from £565/mo to £1.2K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£89503/250.03 mi-2
£56508/230.04 mi-2
£92512/240.11 miCornfield Street, Milnrow, Rochdale, Greater Manchester, OL162
£85006/240.14 mi-2
£87512/240.2 miNewhey Road, Milnrow, Rochdale, Lancashire, OL162
£1,20012/240.21 miSmith Hill, Milnrow, Rochdale, Greater Manchester, OL162
£79512/240.24 miNewhey Road, Milnrow, OL162
£70006/240.24 miNewhey Road, Milnrow, OL162
£85012/240.24 miNewhey Road, Rochdale, OL162
£70012/240.24 miNewhey Road, Milnrow, OL162
£79508/230.24 mi-2
£75006/240.29 miClock Tower Court Milnrow. 2
£79512/240.29 miClock Tower Court, Rochdale2
£79506/240.3 miHarbour Lane, Milnrow, Rochdale, Greater Manchester, OL162
£1,20012/240.31 mi-2
£1,20011/240.31 mi-2
£1,20002/250.31 mi-2
£79506/240.35 miThe Old Police Station, Newhey Road, Milnrow OL16 3PS 2
£85012/240.38 miLADYHOUSE LANE, Milnrow, Rochdale OL16 4EH2
£85006/240.4 miCrossley Street, Milnrow, OL162

Local Area Statistics

Population in OL16

37,246

Population in Rochdale

128,851

Town centre distance

2.03 miles away

Nearest school

0.10 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £125,000

January 30, 2025

Floor Plans

Description

  • Two Bedroom Apartment +
  • First Floor +
  • Spectacular Views +
  • Close By Motorway Links +
  • Neutral Decor Throughout +
  • Communal Garden +
  • Allocated Parking +
  • Council Tax - B +
  • EPC - C +
  • Leasehold +

SUMMARY
We are pleased to offer For Sale this well presented, Two Bedroom, First Floor apartment located close by to Milnrow Centre offering many local amenities.

The property briefly comprises of an entrance hallway providing access to a store room, cloakroom, one double bedroom, one single bedroom, a family bathroom with shower over the bath and an open plan lounge/kitchen/diner. The kitchen comprises of ample work space & storage and includes an integrated washer/dryer, fridge / freezer, oven & hob.

Private parking with security gate. Ideal for First Time Buyers & Investors alike, call us on .  

ENTRANCE HALL 16' 1" x 10' 2" (4.9m x 3.1m)
Neutral decor, carpet, UPVC door, electric heater  

LOUNGE/DINER/ KITCHEN 20' 4" x 10' 10" (6.2m x 3.3m) Neutral decor, a range of modern wall and base units with integrated washer/dryer, fridge / freezer, oven & hob, SS sink, vinyl flooring, electric heater, UPVC window  

BEDROOM 1 13' 5" x 9' 2" (4.09m x 2.79m) Neutral decor, carpet, UPVC window, electric heater  

BEDROOM 2 9' 10" x 6' 7" (3m x 2.01m) Neutral decor, carpet, UPVC window, electric heater  

BATHROOM 6' 7" x 6' 7" (2.01m x 2.01m) Neutral decor, partially tiled walls, white three piece bathroom suite with overhead shower, chrome towel rail, extractor fan  

EXTERNAL Communal garden and allocated parking. 

NEED A MORTGAGE?
Why be restricted to your current or high street lenders rates?

Especially when Martin & Co can introduce you to our Mortgage Advisor with access to a comprehensive panel of over 80 lenders, including a range of off market products, offering potential savings against your current lender.

Call today to arrange a ten-minute (no obligation) telephone consultation (at a time to suit you)

One quick call could potentially save you thousands of pounds over the course of your mortgage.

Please remember, your home is at risk if you do not keep up with your mortgage repayments.  

RESERVATION FEE Should you be successful in your offer to purchase the property and in order to place the property "under offer", you may be required to complete a reservation agreement and pay a (refundable at completion) reservation fee, details available upon request.

Agent Details

Martin & Co, Rochdale & Oldham

01706 335881

Next Steps?

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