5 Bed Detached House, Refurb/BRRR, Oldham, OL2 8SS, £300,000

Breeze Hill House, Oldham Road, Shaw, Oldham OL2 8SS - 2 months ago

Sold STC
Leasehold
Auction
Refurb/BRRR
~178 m²
+7 photos

ValuationUndervalued

Sold Prices£125K - £660K
Sold Prices/m²£888/m² - £4K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.7K/m²

Value Estimate

£353,500
BMV1%

 

 

End Value (After Refurb)

£367,593

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£75,275

Bridging Loan Interest

£7,875

Total Cash In

£176,600

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£367,593

Mortgage (After Refinance)

£275,695

Mortgage LTV

75%

Cash Released

£50,695

Cash Left In

£125,905

Equity

£91,898

Rent Range

£875 - £1,500

Rent Estimate

£1,106

Running Costs/mo

£1,390

Cashflow/mo

£-284

Cashflow/yr

£-3,407

Gross Yield

4%

Local Sold Prices

21 sold prices from £125K to £660K, average is £350K. £888/m² to £4K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£420K12/200.5 mi16, Greencroft Meadow, Royton, Oldham, Greater Manchester OL2 6LQ5
£264.9K06/210.58 mi7, Waterside Close, Oldham, Greater Manchester OL1 4QH5
£450K12/200.59 miHighlands House, Rochdale Road, Shaw, Oldham, Greater Manchester OL2 7JN5
£335K10/200.66 mi57, Denbigh Drive, Shaw, Oldham, Greater Manchester OL2 7EQ5
£453K03/210.67 mi14, Millbrook Close, Shaw, Oldham, Greater Manchester OL2 8QA5
£418K06/211.02 mi17, Lowerfields Rise, Shaw, Oldham, Greater Manchester OL2 7QE5
£350K01/211.12 mi10, Pembroke Drive, Oldham, Greater Manchester OL4 2LU5
£325K03/211.17 mi28, Spinners Way, Oldham, Greater Manchester OL4 2QN5
£300K06/211.21 mi78, Buckstones Road, Shaw, Oldham, Greater Manchester OL2 8DN5
£277.5K11/221.58 mi14, Delta Close, Royton, Oldham, Greater Manchester OL2 5DR5
£425K06/211.58 mi4, Parklands, Royton, Oldham, Greater Manchester OL2 5YN5
£329K02/241.59 mi1, Pendle Grove, Royton, Oldham, Greater Manchester OL2 5HN5
£462.5K05/211.66 mi182, Castleton Road, Royton, Oldham, Greater Manchester OL2 6UP5
£585K11/231.75 mi40, Tandle Hill Road, Royton, Oldham, Greater Manchester OL2 5UX5
£660K03/231.75 mi30, Tandle Hill Road, Royton, Oldham, Greater Manchester OL2 5UX5
£585K10/201.76 mi39, Tandle Hill Road, Royton, Oldham, Greater Manchester OL2 5UX5
£125K12/201.79 mi195, Horsedge Street, Oldham, Greater Manchester OL1 3DP5
£344K02/211.81 mi22, Cotswold Drive, Royton, Oldham, Greater Manchester OL2 5HD5
£463K08/221.82 mi2, Whitebeam Close, Newhey, Rochdale, Greater Manchester OL16 4ND5
£250K02/211.83 mi616, Huddersfield Road, Waterhead, Oldham, Greater Manchester OL4 3NN5
£225K11/221.95 mi35, Sycamore Avenue, Newhey, Rochdale, Greater Manchester OL16 4LW5

Local Rents

15 rents from £875/mo to £1.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,12504/250.06 mi-3
£1,00003/250.08 mi-3
£95001/250.2 mi-3
£1,20004/240.34 mi-3
£1,10012/240.44 mi-3
£89506/240.46 miBeal Lane, Shaw3
£1,00006/240.54 mi-3
£99512/240.54 mi-3
£1,30001/240.55 mi-4
£1,50012/240.55 mi-4
£1,50006/240.55 miRoad Knowl, Shaw, Oldham, OL24
£1,15011/240.57 mi-3
£1,00012/230.57 mi-3
£1,01512/240.59 mi-3
£87503/250.59 mi-3

Local Area Statistics

Population in OL2

42,193

Population in Oldham

182,174

Town centre distance

1.42 miles away

Nearest school

0.20 miles away

Nearest train station

0.50 miles away

 

 

Rental growth (12m)

+15%

Sales demand

Balanced market

Capital growth (5yrs)

+41%

Property History

Price changed to £300,000

March 4, 2025

Listed for £350,000

February 27, 2025

Description

  • Auction: 27.03.2025 09:00 +
  • Council Tax Band: E +
  • Substantial Detached Home +
  • Five Bedrooms +
  • Three Reception Rooms +
  • In Need of Modernisation +
  • Solar Panels +
  • EPC Rating: E +

For sale on 27 March 2025
Our national property auction will be broadcast online with live auctioneers. To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction.
The auction will commence at 09:00. Opportunity to purchase this substantial detached property, boasting five bedrooms and three reception rooms this is one not to be missed.

The Property was built in 1910 and constructed from the Finest Accrington Brick and Pitch Pine.

Built Specifically for the Manager of Shawside Mills this beautiful home still has a wealth of original Features.

Sitting at the top of the lane with fields to the front and side, this property has masses of potential.

Needing modernisation to bring it back to its former glory this detached property offers everything you could need for a growing family or anyone looking to put their own stamp on things.

Externally there is access to both sides of the property. The rear garden having views across open fields. (Please note the seller has informed us there is a Well in the rear Garden)

Ideally situated for easy access to local schools, shops, and bars. The Metrolink is a few minutes drive away and there are various bus routes catering to the commuter.
Entrance Porch
Entrance Hallway
Reception Room One With Box Bay Window to the front.
Reception Room Two With Bay window to the front and side window.
Reception Room Three With walk in box bay window to the rear and side window.
Door To Cellar
Kitchen Diner With windows to the rear and side - door to sunroom.
Sunroom With Door to rear garden.
Shower Room
Split Level Staircase With Large window to the rear.
First Floor
Bedroom One Two windows to the front and built in storage cupboard.
Bedroom Two Window to the front.
Bedroom Three Window to the rear.
Bedroom Four Window to the rear and Shower Cubicle.
Bedroom Five Window to the front
Bathroom
Leasehold Information Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Additional Information: Construction Material: Accrington brick. Heating: Electric storage heaters. Gas fires in each room. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2, Vodafone, EE and Three show available. Satellite and Cable – BT and Sky show as available in this area. Tenure: Leasehold EPC Rating: E Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT). 

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Agent Details

SDL Property Auctions, Nationwide

08000 465454

Next Steps?

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