3 Bed Terraced House, Single Let, Oldham, OL1 4EZ, £127,000

Granite Street, Oldham, OL1 4EZ - 3 views - 2 months ago

BTL
ROI: 6%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£83K - £261.5K
Sold Prices/m²£1K/m² - £3.5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£148,800
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,750

Stamp Duty & Legal Fees

£4,800

Total Cash In

£36,550

 

 

Cash Out

 

Rent Range

£850 - £1,400

Rent Estimate

£700

Running Costs/mo

£557

Cashflow/mo

£143

Cashflow/yr

£1,718

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £83K to £261.5K, average is £151K. £1K/m² to £3.5K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£155K01/240.08 mi1, Waverley Street, Oldham, Greater Manchester OL1 4HB3
£200K12/220.12 mi95, Stoneleigh Street, Oldham, Greater Manchester OL1 4LF3
£150K02/230.15 mi77, London Road, Oldham, Greater Manchester OL1 4BJ3
£225K04/240.19 mi97, Stoneleigh Street, Oldham, Greater Manchester OL1 4LF3
£152K08/230.19 mi130, Stoneleigh Street, Oldham, Greater Manchester OL1 4LF3
£115K06/210.19 mi43, Hopkin Avenue, Oldham, Greater Manchester OL1 4DX3
£135K02/230.19 mi41, Hopkin Avenue, Oldham, Greater Manchester OL1 4DX3
£138K12/200.21 mi30, Oban Avenue, Oldham, Greater Manchester OL1 4LW3
£125K12/200.23 mi11, Wales Street, Oldham, Greater Manchester OL1 4ET3
£155K05/230.23 mi11, Wales Street, Oldham, Greater Manchester OL1 4ET3
£149.9K02/230.23 mi18, Buxted Road, Oldham, Greater Manchester OL1 4LP3
£136K07/230.24 mi48, Yates Street, Oldham, Greater Manchester OL1 4DF3
£140K09/220.28 mi4, French Avenue, Oldham, Greater Manchester OL1 4HH3
£145K10/210.33 mi46, Littlemoor Lane, Oldham, Greater Manchester OL4 2RZ3
£118K07/210.33 mi54, Littlemoor Lane, Oldham, Greater Manchester OL4 2RZ3
£149.9K09/210.33 mi233, Ripponden Road, Oldham, Greater Manchester OL1 4HR3
£180K10/220.36 mi11, Bottomfield Close, Oldham, Greater Manchester OL1 4AT3
£169.5K04/240.36 mi23, Bottomfield Close, Oldham, Greater Manchester OL1 4AT3
£140K01/230.36 mi175, Vulcan Street, Oldham, Greater Manchester OL1 4LJ3
£120K09/210.37 mi18, Whetstone Hill Road, Oldham, Greater Manchester OL1 4NA3
£210K04/220.38 mi10, Goodwood Drive, Oldham, Greater Manchester OL1 4TB3
£150K03/230.39 mi168, Vulcan Street, Oldham, Greater Manchester OL1 4LJ3
£207.5K12/210.4 mi24, Goodwood Drive, Oldham, Greater Manchester OL1 4TB3
£207.5K12/210.4 mi24, Goodwood Drive, Oldham, Greater Manchester OL1 4TB3
£167.5K12/200.4 mi19, Goodwood Drive, Oldham, Greater Manchester OL1 4TB3
£170K05/210.4 mi5, Goodwood Drive, Oldham, Greater Manchester OL1 4TB3
£83K01/210.41 mi22, Broadbent Road, Oldham, Greater Manchester OL1 4HU3
£133.3K12/200.41 mi27, Fontwell Lane, Oldham, Greater Manchester OL1 4TE3
£155K04/230.41 mi1, Beresford Street, Oldham, Greater Manchester OL4 2DT3
£178K08/230.42 mi26, Goodwood Drive, Oldham, Greater Manchester OL1 4TB3
£97K02/240.42 mi8, Sharples Hall Street, Oldham, Greater Manchester OL4 2QZ3
£160K11/210.42 mi76, Sharples Hall Street, Oldham, Greater Manchester OL4 2QZ3
£220K12/220.44 mi30, Goodwood Drive, Oldham, Greater Manchester OL1 4TB3
£135K05/210.44 mi6, Tilton Street, Oldham, Greater Manchester OL1 4JA3
£150K04/230.44 mi9, Pierce Street, Oldham, Greater Manchester OL1 4JH3
£120K07/210.47 mi16, Jowett Street, Oldham, Greater Manchester OL1 4JQ3
£261.5K07/210.47 mi3, Winslade Close, Oldham, Greater Manchester OL4 2SG3
£165K02/240.48 mi10, Beech Avenue, Oldham, Greater Manchester OL4 2EG3
£135K10/220.48 mi33, Kipling Road, Oldham, Greater Manchester OL1 4LT3
£146K03/210.5 mi437, Huddersfield Road, Oldham, Greater Manchester OL4 2HN3
£230K04/210.5 mi18, Jackson Mews, Oldham, Greater Manchester OL4 2SJ3
£240K01/230.51 mi2, Jackson Mews, Oldham, Greater Manchester OL4 2SJ3
£160K05/230.51 mi413, Huddersfield Road, Oldham, Greater Manchester OL4 2HN3
£175K02/230.52 mi54, Counthill Road, Oldham, Greater Manchester OL4 2PB3
£130K08/230.52 mi398, Huddersfield Road, Oldham, Greater Manchester OL4 2EX3
£197K12/230.53 mi18, Hill View Close, Oldham, Greater Manchester OL1 4JB3
£160K04/210.53 mi5, Hill View Close, Oldham, Greater Manchester OL1 4JB3
£200K01/230.54 mi19, Carlton Avenue, Oldham, Greater Manchester OL4 2PD3
£148K09/230.55 mi20, Albany Street, Oldham, Greater Manchester OL4 2NT3
£134K02/210.55 mi62, Esther Street, Oldham, Greater Manchester OL4 3ER3

Local Rents

27 rents from £850/mo to £1.4K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£89507/240.12 miRamsey Street, Derker, Oldham, OL13
£1,05006/240.13 miMiles Street, Oldham, OL13
£99506/240.17 mi-3
£99506/240.17 mi-3
£1,05002/250.17 mi-3
£1,00006/240.23 miGracie Avenue, Oldham, Greater Manchester, OL13
£95006/240.24 miYates Street, Derker, Oldham, OL13
£1,35010/240.26 mi-3
£1,35010/240.26 mi-3
£1,30002/250.26 mi-3
£1,00012/240.34 mi-3
£1,00003/250.41 mi-3
£90003/250.42 mi-3
£1,40007/240.42 miGoodwood Drive, Oldham, Stoneleigh Park3
£1,20006/240.44 mi-3
£1,00012/240.45 mi-3
£90012/240.45 mi-3
£90002/240.45 mi-3
£1,15006/240.46 miNewbreak Street, Oldham, Greater Manchester, OL43
£1,10002/250.48 mi-3
£90001/250.49 mi-3
£85003/250.49 mi-3
£1,10006/240.54 miHill View Close, Oldham, Greater Manchester, OL13
£87511/240.55 mi-3
£1,30011/240.55 mi-3
£1,20004/240.57 mi-3
£1,20006/240.57 mi-3

Local Area Statistics

Population in OL1

21,373

Population in Oldham

182,174

Town centre distance

0.28 miles away

Nearest school

0.10 miles away

Nearest train station

0.38 miles away

 

 

Rental growth (12m)

+21%

Sales demand

Seller's market

Capital growth (5yrs)

+44%

Property History

Price changed to £127,000

April 5, 2025

Price changed to £131,000

March 24, 2025

Price changed to £133,000

March 16, 2025

Price changed to £135,000

March 4, 2025

Listed for £120,000

February 5, 2025

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Spacious room +
  • Large Kitchen +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 3 bedroom mid-terrace house located in Oldham. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 3 bedrooms, lounge, kitchen and bathroom.

Investment details

It currently produces an annual gross income of £8,400 which could be increased by the new owner to a market rate of £10,572 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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