2 Bed Terraced House, Cash/Bridging Only, Oldham, OL8 3QA, £130,000

212D Montgomery Street, Oldham, OL8 3QA - 19 days ago

Sold STC
Leasehold
Cash
ROI: 5%
~68 m²
+8 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£28,709

Bridging Loan Interest

£3,413

Total Cash In

£71,472

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£126,468

Mortgage (After Refinance)

£94,851

Mortgage LTV

75%

Cash Left In

£71,472

Equity

£31,617

Rent Range

£750 - £1,100

Rent Estimate

£915

Running Costs/mo

£598

Cashflow/mo

£317

Cashflow/yr

£3,801

ROI

5%

Gross Yield

8%













Local Rents

40 rents from £750/mo to £1.1K/mo, average is £898/mo.

RentDateDistanceAddressBeds 
£1,10006/240.03 mi-2
£85002/250.13 mi-2
£90004/240.13 mi-2
£85008/240.14 miHollins Road, Hollinwood, Oldham2
£90005/240.14 mi-2
£95008/240.15 miCounty Street, Oldham2
£75002/240.23 mi-2
£82508/240.29 mi-2
£90008/240.3 miCummings Street, Oldham, Lancashire, OL82
£85002/240.31 mi-2
£85002/250.31 mi-2
£85010/240.32 mi-2
£92502/250.37 mi-2
£87508/240.37 mi-2
£89503/250.37 mi-2
£87507/240.37 miHollins Road, Oldham, OL82
£89505/240.38 miWesley Street, Failsworth, Manchester2
£90008/240.4 miWesley Street, Failsworth, Manchester2
£92501/240.4 mi-2
£95007/240.41 mi-2
£95007/240.42 miMinor Street, Failsworth, Manchester2
£95007/240.42 miMinor Street, Failsworth, Manchester2
£87503/250.42 mi-2
£1,10012/240.42 mi-2
£82505/240.48 miMinor Street, Failsworth, Manchester2
£92503/250.49 mi-2
£89508/240.5 mi-2
£92503/250.5 mi-2
£87508/240.5 miWesley Street, Failsworth, Manchester2
£99507/240.52 mi-2
£1,05007/240.52 mi-2
£95006/240.53 mi-2
£89506/240.54 mi-2
£87502/250.55 mi-2
£1,07506/240.56 miKimberley Street, Oldham, Greater Manchester, OL82
£85006/240.57 mi-2
£92506/240.57 miMillbank Close, Oldham, OL8 4AW2
£89506/240.57 mi-2
£89506/240.57 miKimberley Street, Oldham, OL82
£99508/240.58 miRose Street, Oldham, OL92

Local Area Statistics

Population in OL8

39,658

Population in Oldham

182,174

Town centre distance

2.73 miles away

Nearest school

0.20 miles away

Nearest train station

0.35 miles away

 

 

Rental growth (12m)

+42%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £130,000

February 26, 2025

Floor Plans

Description

  • CASH BUYERS ONLY +
  • REQUIRES REFURBISHMENT +
  • END TERRACE +
  • 2 BEDROOMS +
  • 2 RECEPTION ROOMS +
  • UPVC DOUBLE GLAZING +
  • CONVENIENT LOCATION +
  • EPC RATING D +

CASH BUYERS ONLY Requiring refurbishment but offering excellent potential this end terrace property which is conveniently situated offering easy access to both the Tram and Motorway network. The internal accommodation comprises entrance hall, lounge, dining room, kitchen, 2 bedrooms plus store room and family bathroom. The property benefits from Upvc double glazing, externally there is a small forecourt to the front with enclosed yard to the rear. EPC Rating D

Entrance Hallway -

Lounge - 3.5m x 3.3m (11'5" x 10'9") - Upvc double glazed window.

Dining Room - 4.7m x 3.9m (15'5" x 12'9") - Upvc double glazed window, fire with feature surround.

Kitchen - 3.3m x 1.9m (10'9" x 6'2") - Fitted wall and base units with work surfaces and tiled splashback. 2 x Upvc double glazed windows, Upvc door to rear.

Bedroom 1 - 3.3m z 3.2m (10'9" z 10'5") - Upvc double glazed window.

Bedroom 2 - 3.2m x 2.4m (10'5" x 7'10") - Upvc double glazed window.

Bathroom - 3 piece suite comprising bath, wash hand basin and low level wc. Upvc double glazed window.

Externally - Small forecourt to the front with enclosed yard to the rear.

Material Information - Oldham - Tenure Type; Leasehold
Leasehold Years remaining on lease; 870
Leasehold Ground Rent Amount £5.16
Council Tax Banding; A

Agent Details

Hunters, Oldham

0161 524 7876

Next Steps?

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