2 Bed Terraced House, Refurb/BRRR, Rochdale, OL16 2HD, £110,000

Copenhagen Street, Wardleworth, Rochdale, OL16 2HD - 3 views - 2 months ago

Leasehold
Refurb/BRRR
ROI: 7%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£68K - £180K
Sold Prices/m²£938/m² - £3.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£101,229

 

 

End Value (After Refurb)

£99,684

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,800

Refurb Costs

£28,709

Bridging Loan Interest

£2,888

Total Cash In

£65,647

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£99,684

Mortgage (After Refinance)

£74,763

Mortgage LTV

75%

Cash Left In

£65,647

Equity

£24,921

Rent Range

£595 - £1,430

Rent Estimate

£942

Running Costs/mo

£520

Cashflow/mo

£422

Cashflow/yr

£5,065

ROI

8%

Gross Yield

10%

Local Sold Prices

50 sold prices from £68K to £180K, average is £110K. £938/m² to £3.4K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£105K12/220.02 mi85, Ramsay Street, Rochdale, Greater Manchester OL16 2EZ2
£70K04/210.07 mi65, Trafalgar Street, Rochdale, Greater Manchester OL16 2JL2
£125K12/230.09 mi196, Entwisle Road, Rochdale, Greater Manchester OL16 2JY2
£130.1K05/240.11 mi59, Hey Street, Rochdale, Greater Manchester OL16 2JS2
£140K01/230.15 mi10, East Street, Rochdale, Greater Manchester OL16 2EG2
£90K03/230.15 mi17, Oswald Street, Rochdale, Greater Manchester OL16 2LA2
£80K04/230.17 mi37, Selby Street, Rochdale, Greater Manchester OL16 2LF2
£110K12/200.21 mi39, Morley Street, Rochdale, Greater Manchester OL16 2LG2
£95K08/230.21 mi11, Morley Street, Rochdale, Greater Manchester OL16 2LG2
£116.5K03/230.26 mi34, Elliott Street, Rochdale, Greater Manchester OL12 0HF2
£160K07/240.3 mi12, Waterside Lane, Rochdale, Greater Manchester OL16 2YD2
£98K03/210.31 mi2, Newbold Moss, Rochdale, Greater Manchester OL16 2YS2
£103K02/230.35 mi106, Rugby Road, Rochdale, Greater Manchester OL12 0DZ2
£101K05/210.36 mi8, New Field Close, Rochdale, Greater Manchester OL16 2YJ2
£96K11/210.37 mi120, Rugby Road, Rochdale, Greater Manchester OL12 0DZ2
£117.5K11/220.37 mi98, Rugby Road, Rochdale, Greater Manchester OL12 0DZ2
£126.5K06/210.38 mi143, Croxton Avenue, Rochdale, Greater Manchester OL16 2YY2
£70K12/200.4 mi15, Tollgate Way, Rochdale, Greater Manchester OL16 2YQ2
£133K07/230.41 mi8, Eclipse Close, Rochdale, Greater Manchester OL16 2YU2
£68K09/230.43 mi7, Holroyd Street, Rochdale, Greater Manchester OL16 1SX2
£125.3K04/230.43 mi23, Higher Wheat Lane, Rochdale, Greater Manchester OL16 2YF2
£169.9K03/230.43 mi1, Kathan Close, Rochdale, Greater Manchester OL16 5BZ2
£180K08/220.43 mi9, Kathan Close, Rochdale, Greater Manchester OL16 5BZ2
£77K11/230.48 mi112, Belfield Road, Rochdale, Greater Manchester OL16 2XN2
£124K10/200.48 mi120, Park Road, Rochdale, Greater Manchester OL12 9BP2
£130K08/210.48 mi103, Park Road, Rochdale, Greater Manchester OL12 9BP2
£125K05/230.49 mi21, Reservoir Street, Rochdale, Greater Manchester OL16 2XH2
£135K01/240.51 mi84, Beswicke Royds Street, Rochdale, Greater Manchester OL16 2XD2
£135K01/240.51 mi84, Beswicke Royds Street, Rochdale, Greater Manchester OL16 2XD2
£80K03/230.52 mi35, Stamford Street, Rochdale, Greater Manchester OL16 5DS2
£68K10/210.54 mi34, Canon Street, Rochdale, Greater Manchester OL16 2TF2
£124K10/210.54 mi11, Kenworthy Street, Rochdale, Greater Manchester OL16 5AT2
£115K06/230.54 mi7, Kenworthy Street, Rochdale, Greater Manchester OL16 5AT2
£89.5K06/210.54 mi276, Albert Royds Street, Rochdale, Greater Manchester OL16 2UE2
£110K05/210.55 mi269, Milnrow Road, Rochdale, Greater Manchester OL16 5AS2
£110K08/210.55 mi273, Milnrow Road, Rochdale, Greater Manchester OL16 5AS2
£90K04/230.55 mi281, Milnrow Road, Rochdale, Greater Manchester OL16 5AS2
£115K07/210.55 mi84, Ada Street, Rochdale, Greater Manchester OL12 0EQ2
£104K02/240.55 mi92, Ada Street, Rochdale, Greater Manchester OL12 0EQ2
£104K02/240.55 mi92, Ada Street, Rochdale, Greater Manchester OL12 0EQ2
£85K06/210.55 mi8, Bishop Street, Rochdale, Greater Manchester OL16 2TE2
£130K06/240.55 mi20, Bishop Street, Rochdale, Greater Manchester OL16 2TE2
£70K05/230.56 mi10, Rossall Road, Rochdale, Greater Manchester OL12 0EG2
£150K07/230.56 mi29, Rossall Road, Rochdale, Greater Manchester OL12 0EG2
£165K07/230.56 mi37, Rossall Road, Rochdale, Greater Manchester OL12 0EG2
£105.5K08/240.56 mi12, Reform Street, Rochdale, Greater Manchester OL12 0NE2
£90K01/210.57 mi7, Canon Street, Rochdale, Greater Manchester OL16 2TA2
£95K11/210.58 mi15, Rathbone Street, Rochdale, Greater Manchester OL16 5BH2
£123K03/230.58 mi3, Rathbone Street, Rochdale, Greater Manchester OL16 5BH2
£90K12/200.58 mi7, St Chads Close, Rochdale, Greater Manchester OL16 1FG2

Local Rents

50 rents from £595/mo to £1.4K/mo, average is £883/mo.

RentDateDistanceAddressBeds 
£82510/240.11 mi-2
£79508/230.12 mi-2
£59512/240.2 mi-2
£90007/230.22 mi-2
£72506/240.3 miJohn Street, Rochdale, OL162
£1,38012/240.3 miNew Baillie Street, Rochdale, Greater Manchester, OL162
£1,35506/240.3 miNew Baillie Street, Rochdale, Greater Manchester, OL162
£1,35512/240.3 miNew Baillie Street, Rochdale, Greater Manchester, OL162
£1,43012/240.3 miNew Baillie Street, Rochdale, Greater Manchester, OL162
£1,33012/240.3 miNew Baillie Street, Rochdale, Greater Manchester, OL162
£1,41512/240.3 miNew Baillie Street, Rochdale, Greater Manchester, OL162
£1,40512/240.3 miNew Baillie Street, Rochdale, Greater Manchester, OL162
£1,30006/240.31 miDUO at Upperbanks, New Baillie Street, Rochdale, Greater Manchester, OL162
£1,42006/240.31 miDUO at Upperbanks, New Baillie Street, Rochdale, Greater Manchester, OL162
£1,30012/240.31 miNew Baillie Street, Rochdale, Greater Manchester, OL162
£77501/250.35 mi-2
£80011/240.37 mi-2
£79506/240.37 miRugby Road, Rochdale, Greater Manchester, OL122
£67506/240.39 mi-2
£95006/240.4 miEclipse Close, Off Croxton Avenue, OL162
£85012/240.41 mi-2
£85009/240.41 mi-2
£90004/250.41 mi-2
£79506/240.43 mi-2
£85012/240.43 mi-2
£88012/240.47 miDrake Street, Rochdale, OL162
£1,10004/240.47 mi-2
£99505/240.47 mi-2
£88012/240.47 mi-2
£92512/240.47 mi-2
£92512/240.47 mi-2
£88501/250.47 mi-2
£65006/230.49 mi-2
£65009/230.49 mi-2
£75012/240.49 mi-2
£76002/250.49 mi-2
£92512/240.49 miBrook End, Rochdale2
£99512/240.5 mi-2
£69506/240.52 miNewbold Hall Drive, Rochdale OL16 3AJ2
£79509/240.52 mi-2
£69006/240.56 mi45 Howard Street, Rochdale OL12 0PP 2
£92512/240.57 miBrookside Grange, Rochdale, OL162
£99503/250.58 mi-2
£90003/250.6 mi-2
£90011/240.61 mi-2
£77512/240.62 mi-2
£82507/230.62 mi-2
£82501/250.62 mi-2
£89502/250.62 mi-2
£79506/240.62 miWindsor Terrace, Rochdale2

Local Area Statistics

Population in OL16

37,246

Population in Rochdale

128,851

Town centre distance

0.47 miles away

Nearest school

0.30 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Price changed to £110,000

March 8, 2025

Listed for £120,000

January 30, 2025

Floor Plans

Description

  • End Terraced House +
  • Lounge +
  • Kitchen +
  • 2 Good Sized Bedrooms +
  • Family Bathroom +
  • Spacious Rear Yard +
  • Modernisation Required +
  • Council Tax: Band A +
  • Leasehold: 838 Years Remaining +
  • Ground Rent: £7 Per Anum +

CHAIN FREE! A charming 2 bedroom end terraced house, located in a highly popular spot close to the town centre. The property is an excellent opportunity for both first time buyers and investors alike. Early viewing essential. EPC: D.

Ryder & Dutton are pleased to bring to the market this charming end terraced house, free from chain. In need of some modernisation, the property will appeal to both first time buyers and investors alike.

Briefly comprising of an entrance vestibule, lounge, kitchen, two good sized bedrooms and a family bathroom.

Externally there is a generous sized rear yard.

Located in Wardleworth, the property is in a fantastic position and is within walking distance of great local amenities, including local shops, eateries, and travel links. The property is also within walking distance of Rochdale Town Centre.

Early viewing is essential.

EPC: D.

Agent Details

Ryder & Dutton, Rochdale

01706 335894

Next Steps?

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