2 Bed Terraced House, Single Let, Rochdale, OL16 3SL, £125,000

Gordon Street, Rochdale, OL16 3SL - 4 views - 2 months ago

Under Offer
Leasehold
BTL
ROI: 6%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£94K - £395K
Sold Prices/m²£1.1K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£130,983
BMV5%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Total Cash In

£36,200

 

 

Cash Out

 

Rent Range

£700 - £1,200

Rent Estimate

£725

Running Costs/mo

£556

Cashflow/mo

£169

Cashflow/yr

£2,033

ROI

6%

Gross Yield

7%

Local Sold Prices

51 sold prices from £94K to £395K, average is £135K. £1.1K/m² to £4.4K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£123K11/210.01 mi12, Stewart Street, Newhey, Rochdale, Greater Manchester OL16 3SW2
£125K06/210.02 mi15, Gordon Street, Newhey, Rochdale, Greater Manchester OL16 3SL2
£135K10/230.02 mi26, Gordon Street, Newhey, Rochdale, Greater Manchester OL16 3SL2
£140K11/230.04 mi24, Shaw Road, Newhey, Rochdale, Greater Manchester OL16 4LT2
£118.5K05/210.07 mi25, Huddersfield Road, Newhey, Rochdale, Greater Manchester OL16 3RU2
£94K05/210.12 mi236, Newhey Road, Newhey, Rochdale, Greater Manchester OL16 4JY2
£110K04/210.12 mi238, Newhey Road, Newhey, Rochdale, Greater Manchester OL16 4JY2
£128K01/230.12 mi238, Newhey Road, Newhey, Rochdale, Greater Manchester OL16 4JY2
£119K11/200.16 mi104, Shaw Road, Newhey, Rochdale, Greater Manchester OL16 4LX2
£175K12/220.16 mi249, Newhey Road, Newhey, Rochdale, Greater Manchester OL16 3SA2
£115K12/200.17 mi233, Newhey Road, Newhey, Rochdale, Greater Manchester OL16 3SA2
£135K05/210.17 mi253, Newhey Road, Newhey, Rochdale, Greater Manchester OL16 3SA2
£110K07/230.17 mi219, Newhey Road, Newhey, Rochdale, Greater Manchester OL16 3SA2
£135K11/200.17 mi65, Cedar Lane, Newhey, Rochdale, Greater Manchester OL16 4LD2
£95K07/210.17 mi79, Huddersfield Road, Newhey, Rochdale, Greater Manchester OL16 3QZ2
£122K10/230.17 mi69, Huddersfield Road, Newhey, Rochdale, Greater Manchester OL16 3QZ2
£135K11/230.17 mi75, Huddersfield Road, Newhey, Rochdale, Greater Manchester OL16 3QZ2
£395K10/230.23 mi6, Whitfield Crescent, Newhey, Rochdale, Greater Manchester OL16 4NA2
£160K06/230.29 mi9, Meadowside, Newhey, Rochdale, Greater Manchester OL16 3RR2
£145K05/210.3 mi4, Hanging Lees Close, Newhey, Rochdale, Greater Manchester OL16 3SG2
£136K03/210.32 mi37, Lilac Avenue, Newhey, Rochdale, Greater Manchester OL16 4LN2
£155K03/230.32 mi2, Lilac Avenue, Newhey, Rochdale, Greater Manchester OL16 4LN2
£135K03/210.34 mi46, Birch Crescent, Newhey, Rochdale, Greater Manchester OL16 4LL2
£151.5K12/210.34 mi76, Birch Crescent, Newhey, Rochdale, Greater Manchester OL16 4LL2
£184K04/210.35 miGarden House, Haugh Fold, Newhey, Rochdale, Greater Manchester OL16 3RF2
£140K06/210.37 mi90, Bentgate Street, Newhey, Rochdale, Greater Manchester OL16 4JR2
£185K10/230.38 mi2, Peppermint Close, Newhey, Rochdale, Greater Manchester OL16 3QE2
£150K04/210.49 mi119, Royds Street, Milnrow, Rochdale, Greater Manchester OL16 3PR2
£167.5K02/230.49 mi123, Royds Street, Milnrow, Rochdale, Greater Manchester OL16 3PR2
£170K03/230.49 mi109, Royds Street, Milnrow, Rochdale, Greater Manchester OL16 3PR2
£133.8K07/230.51 mi77, Newhey Road, Milnrow, Rochdale, Greater Manchester OL16 3PS2
£130K11/200.55 mi28, Ladyhouse Lane, Milnrow, Rochdale, Greater Manchester OL16 4EQ2
£138K12/200.55 mi44, Ladyhouse Lane, Milnrow, Rochdale, Greater Manchester OL16 4EQ2
£135K01/240.62 mi4, New Street, Milnrow, Rochdale, Greater Manchester OL16 3PQ2
£135K01/240.62 mi4, New Street, Milnrow, Rochdale, Greater Manchester OL16 3PQ2
£138.5K07/240.64 mi2, Good Intent, Milnrow, Rochdale, Greater Manchester OL16 3PD2
£107K11/200.66 mi58, Newhey Road, Milnrow, Rochdale, Greater Manchester OL16 4JD2
£130K08/240.67 mi39, Charles Lane, Milnrow, Rochdale, Greater Manchester OL16 3NZ2
£175K01/240.68 mi219, Huddersfield Road, Newhey, Rochdale, Greater Manchester OL16 3TA2
£190K12/220.7 mi453, Milnrow Road, Shaw, Oldham, Greater Manchester OL2 8BU2
£113K04/210.71 mi20, Albert Street, Milnrow, Rochdale, Greater Manchester OL16 3NS2
£138K04/240.71 mi13, Albert Street, Milnrow, Rochdale, Greater Manchester OL16 3NS2
£140K04/230.73 mi18, Stone Street, Milnrow, Rochdale, Greater Manchester OL16 4JA2
£95.8K11/200.74 mi10, Cornfield Street, Milnrow, Rochdale, Greater Manchester OL16 3DW2
£115K12/210.74 mi12, Cornfield Street, Milnrow, Rochdale, Greater Manchester OL16 3DW2
£132K02/210.75 mi26, Stonefield Street, Milnrow, Rochdale, Greater Manchester OL16 4HZ2
£127.5K12/230.75 mi2, Stonefield Street, Milnrow, Rochdale, Greater Manchester OL16 4HZ2
£127.5K12/230.75 mi2, Stonefield Street, Milnrow, Rochdale, Greater Manchester OL16 4HZ2
£165K08/240.75 mi26, Stonefield Street, Milnrow, Rochdale, Greater Manchester OL16 4HZ2
£98K06/210.79 mi6, Leach Street, Milnrow, Rochdale, Greater Manchester OL16 4HU2
£135K03/210.79 mi182, Harbour Lane, Milnrow, Rochdale, Greater Manchester OL16 4HF2

Local Rents

13 rents from £700/mo to £1.2K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£85006/240.17 miHuddersfield Road, Newhey, OL162
£82506/240.18 mi79 Huddersfield Road, Rochdale OL16 3QZ2
£79506/240.5 miThe Old Police Station, Newhey Road, Milnrow OL16 3PS 2
£1,20012/240.53 mi-2
£1,20011/240.53 mi-2
£1,20002/250.53 mi-2
£79512/240.56 miClock Tower Court, Rochdale2
£75006/240.56 miClock Tower Court Milnrow. 2
£85012/240.6 miLADYHOUSE LANE, Milnrow, Rochdale OL16 4EH2
£79512/240.61 miNewhey Road, Milnrow, OL162
£70006/240.61 miNewhey Road, Milnrow, OL162
£85012/240.61 miNewhey Road, Rochdale, OL162
£70012/240.61 miNewhey Road, Milnrow, OL162

Local Area Statistics

Population in OL16

37,246

Population in Rochdale

128,851

Town centre distance

2.83 miles away

Nearest school

0.10 miles away

Nearest train station

0.09 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

February 27, 2025

Floor Plans

Description

  • MID TERRACED HOUSE +
  • TWO BEDROOMS +
  • EXCELLENT TRANSPORT LINKS +
  • SPACIOUS LOUNGE +
  • FULLY FITTED KITCHEN +
  • FAMILY BATHROOM +
  • ON STREET PARKING +
  • CLOSE TO LOCAL AMENITIES +
  • IDEAL FTB/INVESTOR OPPORTUNITY +
  • VIEWINGS COME HIGHLY RECOMMENDED +

TWO BEDROOM MID-TERRACED home situated close to the centre of Newhey which provides a good selection of local amenities and easy access to the M62 Motorway and Tram network.
Andrew Kelly & Associates are delighted to offer for sale this TWO-BEDROOM mid terraced home situated close to the centre of Newhey and Milnrow, which provides a good selection of local amenities including a number of independent shops, excellent schools, bars and restaurants close to the tram station and the M62 motorway network with easy access to Leeds and Manchester. The home benefits from gas central heating and double glazing throughout. The home comprises briefly of small vestibule, lounge and kitchen. To the first floor are TWO good sized bedrooms and three-piece bathroom. Externally to the front is on street parking and to the rear is a communal area.
Ideally suited to a First Time Buyer or Investor seeking a good quality rental opportunity.

Agent Details

Andrew Kelly, Littleborough and Surrounding

01706 615021

Next Steps?

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