3 Bed Semi-Detached House, Cash/Bridging Only, Oldham, OL9 8RL, £200,000

2 Oriel Close, Oldham, OL9 8RL - 25 days ago

Auction
Cash
ROI: 3%
~93 m²
+15 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£39,324

Bridging Loan Interest

£5,250

Total Cash In

£103,524

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£195,000

Mortgage (After Refinance)

£146,250

Mortgage LTV

75%

Cash Left In

£103,524

Equity

£48,750

Rent Range

£895 - £1,600

Rent Estimate

£1,101

Running Costs/mo

£850

Cashflow/mo

£251

Cashflow/yr

£3,012

ROI

3%

Gross Yield

7%













Local Rents

28 rents from £895/mo to £1.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20009/240.04 mi-3
£1,20009/240.04 miBroadway, Chadderton, OL93
£1,20006/240.07 miWhitegate Lane, Chadderton, Oldham, OL93
£1,00006/240.07 mi-3
£1,09505/240.1 mi-3
£1,09510/240.1 mi-3
£1,09511/240.1 mi-3
£1,19503/250.1 mi-3
£1,09507/240.24 miDenton Lane, Chadderton, Oldham, Greater Manchester, OL93
£1,05001/250.33 mi-3
£1,10006/240.33 miFields New Road, Oldham, OL93
£1,20009/240.34 mi-3
£1,20006/240.34 mi-3
£94906/240.37 mi-3
£95006/240.38 miRoss Avenue, Chadderton, Oldham, OL93
£95007/240.38 mi-3
£95008/240.39 miCoalshaw Green Road, Chadderton, Oldham, Greater Manchester, OL93
£92502/250.43 mi-3
£89506/240.43 miCoalshaw Green Road, Chadderton, Oldham3
£1,20508/240.44 miRose Street, Chadderton, OL93
£1,20508/240.44 miRose Street, Chadderton, OL93
£95010/240.44 mi-3
£95011/240.44 mi-3
£1,22508/240.48 miRose Street, Chadderton, Oldham3
£1,15508/240.49 miRose Street, Chadderton, Oldham3
£1,60007/240.5 mi-3
£99502/250.53 mi-3
£1,30001/250.61 mi-3

Local Area Statistics

Population in OL9

40,528

Population in Oldham

182,174

Town centre distance

2.50 miles away

Nearest school

0.10 miles away

Nearest train station

0.88 miles away

 

 

Rental growth (12m)

+27%

Sales demand

Seller's market

Capital growth (5yrs)

+53%

Property History

Listed for £200,000

February 20, 2025

Description

  • NO CHAIN +
  • Potential To Convert Garage +
  • Semi Detached Property +
  • Three Generous Bedrooms +
  • Good Size Kitchen Diner +
  • Family Bathroom +
  • Enclosed Garden To Rear +
  • Driveway Providing Off Road Parking +
  • Excellent Size Living Accommodation +
  • Viewing Highly Recommended +

Guide Price £200,000 5% + VAT

For sale by unconditional online auction on the 26th March 2025.

Registration is now open, bidding opens on 26th of March at 10:00 and ends on 26th March at 16:05.

UNCONDITIONAL LOT - The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

*CASH BUYERS ONLY - NO CHAIN THEREFORE VACANT POSSESSION ON COMPLETION* This three bedroomed semi detached property offers excellent size family living accommodation by way of a double side extension with the possibility of converting the attached garage to provide even more living accommodation subject to obtaining all relevant planning/building permissions. The property is situated in a popular residential area of Chadderton within easy access of excellent local schools and amenities, public transport links including the Metrolink and a short drive from the Northwest Motorway network. Internal accommodation briefly comprises, Entrance Hall, lounge, dining kitchen, three generous size bedrooms and a family bathroom. Externally at the front of the property is a lawned garden and driveway providing off road parking and leading to an attached garage with both power and lighting, whilst to the rear of the property is a good size enclosed garden. The property further benefits from UPVC double glazing and gas central heating, viewing of the property is highly recommended.

Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a deposit of 5% + VAT buyers premium and contracts are exchanged.

INTERNAL ACCOMMODATION

ENTRANCE HALL
Via a UPVC double glazed entrance door with radiator and stairs leading to first floor.

LOUNGE
With feature electric fire and surround, radiator and UPVC double glazed Window.

KITCHEN DINER
Range of wall and base units with integral Oven, four Ring gas hob with extractor hood above, one and a half bowl stainless steel sink unit with mixer tap, plumbed for washing machine, understairs storage cupboard, UPVC double glazed Window and UPVC double glazed door to rear garden.

BEDROOM ONE
Front double bedroom with fitted wardrobes, radiator and two UPVC double glazed windows.

BEDROOM TWO
Double bedroom with fitted wardrobes, laminate flooring, radiator and UPVC double glazed Window.

BEDROOM THREE
Third bedroom with fitted wardrobes, radiator and UPVC double glazed window.

BATHROOM
Comprising bath with overhead shower, sink and WC, radiator, spotlights to ceiling and UPVC double glazed window.

OUTSIDE
Externally at the front of the property is a lawned garden and driveway providing off road parking and leading to an attached garage with both power and lighting, whilst to the rear of the property is a good size enclosed garden.

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Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Alistair Stevens Chadderton, Oldham

0161 524 5774

Next Steps?

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