3 Bed Terraced House, Cash/Bridging Only, Oldham, OL2 6QX, £290,000

16 Milton Place ,The Heaton, Milton Street, Royton, OL2 6QX, Oldham - 18 days ago

Cash
~93 m²
+6 photos

ValuationOvervalued

Sold Prices£70K - £415K
Sold Prices/m²£1.3K/m² - £4.2K/m²

 

 

Square Metres

~93 m²
Price/m²£3.1K/m²

Value Estimate

£206,836

 

 

End Value (After Refurb)

£275,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£11,900

Refurb Costs

£39,267

Bridging Loan Interest

£7,613

Total Cash In

£133,029

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£275,000

Mortgage (After Refinance)

£206,250

Mortgage LTV

75%

Cash Left In

£133,029

Equity

£68,750

Rent Range

£895 - £1,300

Rent Estimate

£1,057

Running Costs/mo

£1,091

Cashflow/mo

£-34

Cashflow/yr

£-405

Gross Yield

4%

Local Sold Prices

50 sold prices from £70K to £415K, average is £180K. £1.3K/m² to £4.2K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£180K08/230.04 mi74, Radcliffe Street, Royton, Oldham, Greater Manchester OL2 6RB3
£154K02/210.08 mi57, Radcliffe Street, Royton, Oldham, Greater Manchester OL2 6RH3
£155K10/210.09 mi29, Hillside Avenue, Royton, Oldham, Greater Manchester OL2 6RF3
£88.5K04/230.11 mi45, Radcliffe Street, Royton, Oldham, Greater Manchester OL2 6QL3
£215K06/230.13 mi4, Lowe Green, Royton, Oldham, Greater Manchester OL2 6RQ3
£240K03/230.15 mi33, Park Lane, Royton, Oldham, Greater Manchester OL2 6RE3
£128K11/200.16 mi148, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6QF3
£100K12/230.16 mi144, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6QF3
£112K11/200.18 mi23, Elmstone Drive, Royton, Oldham, Greater Manchester OL2 6DH3
£325K11/220.2 mi2, Martindale Close, Royton, Oldham, Greater Manchester OL2 6PR3
£305K09/220.2 mi88, Bleasdale Street, Royton, Oldham, Greater Manchester OL2 6RL3
£180K01/210.2 mi52, Bleasdale Street, Royton, Oldham, Greater Manchester OL2 6RL3
£199.9K01/210.2 mi84, Bleasdale Street, Royton, Oldham, Greater Manchester OL2 6RL3
£267K07/210.2 mi6, Ravenstonedale Drive, Royton, Oldham, Greater Manchester OL2 6NA3
£116.5K03/230.21 mi86, Bleasdale Street, Royton, Oldham, Greater Manchester OL2 6RL3
£235K12/200.23 mi6, Brotherdale Close, Royton, Oldham, Greater Manchester OL2 6NX3
£243K06/210.25 mi7, Littondale Close, Royton, Oldham, Greater Manchester OL2 6PN3
£230K04/210.25 mi41, The Fairways, Royton, Oldham, Greater Manchester OL2 6GD3
£262.5K09/230.26 mi3, Croasdale Close, Royton, Oldham, Greater Manchester OL2 6QE3
£289.9K12/220.27 mi1, Stonesdale Close, Royton, Oldham, Greater Manchester OL2 6PX3
£155K03/230.28 mi1, Mill Street, Royton, Oldham, Greater Manchester OL2 5QW3
£150K06/230.29 mi4, Hall Street, Royton, Oldham, Greater Manchester OL2 5PR3
£125K12/200.3 mi17, Pickford Walk, Royton, Oldham, Greater Manchester OL2 6HB3
£212K06/210.32 mi29, Linkside Avenue, Royton, Oldham, Greater Manchester OL2 6YS3
£245K08/210.32 mi57, Linkside Avenue, Royton, Oldham, Greater Manchester OL2 6YS3
£415K06/210.32 mi17, Linkside Avenue, Royton, Oldham, Greater Manchester OL2 6YS3
£130K08/210.32 mi19, Dryclough Walk, Royton, Oldham, Greater Manchester OL2 6HD3
£167K10/230.33 mi10, Percival Walk, Royton, Oldham, Greater Manchester OL2 6HE3
£150K11/200.34 mi6, Roman Road, Royton, Oldham, Greater Manchester OL2 5PQ3
£165K01/240.34 mi14, Leyburn Avenue, Royton, Oldham, Greater Manchester OL2 5RN3
£199K08/230.35 mi198, Shaw Road, Royton, Oldham, Greater Manchester OL2 6EF3
£148K04/230.35 mi172, Shaw Road, Royton, Oldham, Greater Manchester OL2 6EF3
£195K01/240.35 mi5, Rosebay Close, Royton, Oldham, Greater Manchester OL2 6WJ3
£200K11/230.36 mi2, Turf Close, Royton, Oldham, Greater Manchester OL2 6BZ3
£160K10/230.36 mi35, Turf Close, Royton, Oldham, Greater Manchester OL2 6BZ3
£135K11/230.37 mi105, Shaw Road, Royton, Oldham, Greater Manchester OL2 6HA3
£265K05/210.38 mi13, Harewood Drive, Royton, Oldham, Greater Manchester OL2 5UA3
£178K04/230.4 mi263, Rochdale Road, Royton, Oldham, Greater Manchester OL2 5SX3
£160K05/210.4 mi299, Rochdale Road, Royton, Oldham, Greater Manchester OL2 5SX3
£180K02/230.4 mi17, Church Street, Royton, Oldham, Greater Manchester OL2 5LG3
£184K10/210.41 mi27, Wetherby Drive, Royton, Oldham, Greater Manchester OL2 5SZ3
£177.5K12/200.41 mi11, Wesley Street, Royton, Oldham, Greater Manchester OL2 6ES3
£195K12/200.41 mi5, Bransdale Avenue, Royton, Oldham, Greater Manchester OL2 5TX3
£162K11/200.41 mi8, Bransdale Avenue, Royton, Oldham, Greater Manchester OL2 5TX3
£245K05/230.41 mi37, Lily Street, Royton, Oldham, Greater Manchester OL2 6EB3
£199K05/210.43 mi30, Alandale Drive, Royton, Oldham, Greater Manchester OL2 5TU3
£261.5K07/230.43 mi15, Higher Turf Park, Royton, Oldham, Greater Manchester OL2 6ER3
£200K09/230.43 mi292, Rochdale Road, Royton, Oldham, Greater Manchester OL2 6UF3
£180K06/230.44 mi4, Westerdale Drive, Royton, Oldham, Greater Manchester OL2 5TY3
£70K01/210.45 mi2, Fir Lane, Royton, Oldham, Greater Manchester OL2 6TY3

Local Rents

10 rents from £895/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10003/250.12 mi-3
£89506/240.28 miChapel Lane, Royton, Oldham3
£1,05012/240.35 mi-3
£1,10001/250.35 mi-3
£95006/240.35 miShaw Road, Royton, Oldham, Greater Manchester, OL23
£97506/240.35 miDogford Road, Royton3
£1,10006/240.44 miRochdale Road, Royton, Oldham, Greater Manchester, OL23
£1,10012/240.44 miChurch Street, Royton3
£1,00012/240.45 miThe Co Operative, 151 Middleton Road3
£1,30006/240.54 miDenbydale Way, Royton, Oldham, Greater Manchester, OL23

Local Area Statistics

Population in OL2

42,193

Population in Oldham

182,174

Town centre distance

1.46 miles away

Nearest school

0.10 miles away

Nearest train station

1.40 miles away

 

 

Rental growth (12m)

+15%

Sales demand

Balanced market

Capital growth (5yrs)

+41%

Property History

Listed for £290,000

February 27, 2025

Floor Plans

Description

  • Semi-Detached New Home +
  • Three Bedrooms +
  • High Quality Fixtures & Fittings +
  • Ten Year Warranty +
  • Contemporary Kitchen +
  • Close To Royton Amenities +
  • Close By Transport Links +
  • Front & Rear Garden Areas +

Milton Place, a fabulous development comprising 18 homes. These new homes are perfect for both couples and families alike, situated by all the amenities of Royton town centre, with its great transport links, food shops, restaurants, sports centre, and Royton Park. Oldham town centre and Elk Mill Retail Park are both within easy reach, where you can indulge in shopping, chain restaurants, coffee houses and a cinema. For those that enjoy country walks, Tandle Hill Country Park is a short distance away, with beautiful views across the Manchester Plain and the Pennine Hills. Spend an afternoon at their café, children’s play area, and take pleasure in the abundance of space for walking and cycling on your doorstep. For families with children, there are a range of nurseries, schools and colleges nearby with Ofsted ‘Good’ ratings. Royton has excellent connectivity, with the motorway network close by and Oldham, Rochdale and Manchester city centre within easy reach via car, or from Shaw & Crompton Tram Station, which is under 2 miles from Milton Place. Every Wiggett Home comes complete with a 10-year NHBC warranty, which provides invaluable protection for new homeowners. Number 16 offers a £5000 incentive for the prospective buyers paid in cash or for flooring.  The developer can also offer customisable options, allowing you to select finishes and features that best suit your personal style and preferences. Contact the office for more information.  Please note current photos shown are of the show home and current viewings will be conducted the show home.  WARRANTY
• 10 year NHBC Buildmark Warranty ENERGY CONSCIOUS COMFORT
• UPVC double glazed windows
• Gas-fired combi boiler
• Energy efficient lighting
• Compact radiators SAFETY AND SECURITY
• Intruder alarm
• Multi-point locking systems to front door
• Lockable handles and restrictors (where required)
• Mains powered smoke detectors
• Mains powered carbon monoxide detector
to kitchen
• Front & rear exterior lights EXTERNAL
• Landscaped front garden
• Rotovated rear garden
• 1.8m timber fence to rear garden Additional Information TENURE: Freehold - Solicitor to confirm.
SERVICE CHARGE: N/A
COUNCIL BAND: TBC (estimated C) 
VIEWING ARRANGEMENTS: Strictly by appointment via West Riding.
  Ground Floor Lounge - 5.13m x 3.76m (16'10" x 12'4") Kitchen/Diner - 5.26m x 3.45m (17'3" x 11'4"max) WC First Floor Bedroom 1 - 3.94m x 3.15m (12'11" x 10'4") Bedroom 2 - 2.18m x 3.73m (7'2" x 12'3") Bedroom 3 - 3m x 2.64m (9'10" x 8'8") Bathroom

Agent Details

West Riding, Uppermill

01457 600868

Next Steps?

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