2 Bed Bungalow, Refurb/BRRR, Rochdale, OL12 7JQ, £210,000

Elmpark Way, Rooley Moor, Rochdale, OL12 7JQ - 2 months ago

Refurb/BRRR
ROI: 1%
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£78K - £285.5K
Sold Prices/m²£1.1K/m² - £4.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.1K/m²

Value Estimate

£124,485

 

 

End Value (After Refurb)

£180,561

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£11,700

Refurb Costs

£28,709

Bridging Loan Interest

£5,513

Total Cash In

£100,172

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£180,561

Mortgage (After Refinance)

£135,420

Mortgage LTV

75%

Cash Left In

£100,172

Equity

£45,140

Rent Range

£700 - £1,150

Rent Estimate

£878

Running Costs/mo

£760

Cashflow/mo

£118

Cashflow/yr

£1,418

ROI

1%

Gross Yield

5%

Local Sold Prices

51 sold prices from £78K to £285.5K, average is £142.5K. £1.1K/m² to £4.6K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£285.5K11/220.08 mi38, Elmpark Way, Rochdale, Greater Manchester OL12 7JQ2
£142.5K04/210.16 mi7, Fearn Dene, Rochdale, Greater Manchester OL12 7GE2
£212K05/240.16 mi16, Fearn Dene, Rochdale, Greater Manchester OL12 7GE2
£170K07/230.22 mi15, Thornlea Drive, Rochdale, Greater Manchester OL12 7GD2
£210K09/230.22 mi32, Thornlea Drive, Rochdale, Greater Manchester OL12 7GD2
£215K05/240.22 mi29, Thornlea Drive, Rochdale, Greater Manchester OL12 7GD2
£182K05/240.22 mi2, Redfearn Wood, Rochdale, Greater Manchester OL12 7GA2
£230K02/240.35 mi16, Harridge Street, Rochdale, Greater Manchester OL12 7HW2
£220K06/240.35 mi10, Harridge Street, Rochdale, Greater Manchester OL12 7HW2
£180K04/230.38 mi27, Coppingford Close, Rochdale, Greater Manchester OL12 7PR2
£200K10/230.41 mi6, Alderman Foley Drive, Rochdale, Greater Manchester OL12 7PU2
£168K03/210.42 mi5, Judith Street, Rochdale, Greater Manchester OL12 7HS2
£116K12/200.49 mi95, Cutgate Road, Rochdale, Greater Manchester OL12 7NW2
£110K08/210.49 mi69, Cutgate Road, Rochdale, Greater Manchester OL12 7NW2
£132K04/240.52 mi36, Spotland Tops, Rochdale, Greater Manchester OL12 7NY2
£125K11/200.54 mi6, Smithy Fold, Rochdale, Greater Manchester OL12 7NS2
£110K02/210.54 mi12, Martin Lane, Rochdale, Greater Manchester OL12 7NU2
£267K01/210.58 mi6, Shawclough Close, Rochdale, Greater Manchester OL12 7HQ2
£220.5K06/210.59 mi6, Glenavon Drive, Rochdale, Greater Manchester OL12 6DT2
£157.5K06/210.6 mi20, Fallowfield Drive, Rochdale, Greater Manchester OL12 6LZ2
£235K11/230.6 mi20, Fallowfield Drive, Rochdale, Greater Manchester OL12 6LZ2
£106.9K12/200.6 mi151, Churchill Street, Rochdale, Greater Manchester OL12 7DL2
£105K12/200.6 mi153, Churchill Street, Rochdale, Greater Manchester OL12 7DL2
£215K09/230.62 mi7, Wykeham Grove, Rochdale, Greater Manchester OL12 7NE2
£162K03/240.63 mi51, Foxglove Court, Rochdale, Greater Manchester OL12 6XF2
£106K12/220.63 mi19, Amy Street, Rochdale, Greater Manchester OL12 7NJ2
£125K11/230.63 mi11, Amy Street, Rochdale, Greater Manchester OL12 7NJ2
£87.5K01/210.64 mi30, Market Street, Whitworth, Rochdale, Lancashire OL12 8RW2
£123K01/230.64 mi48, Market Street, Whitworth, Rochdale, Lancashire OL12 8RW2
£170K04/230.64 mi29, Market Street, Whitworth, Rochdale, Lancashire OL12 8RW2
£190K07/240.65 mi13, Harebell Close, Rochdale, Greater Manchester OL12 6XW2
£115K07/240.65 mi3, Mabel Street, Rochdale, Greater Manchester OL12 6LT2
£119K12/200.67 mi7, Joseph Street, Rochdale, Greater Manchester OL12 6NB2
£105K12/200.67 mi17, Joseph Street, Rochdale, Greater Manchester OL12 6NB2
£97.5K05/210.67 mi3, Joseph Street, Rochdale, Greater Manchester OL12 6NB2
£195K04/240.68 mi9, Hillside Walk, Rochdale, Greater Manchester OL12 6EB2
£137.5K01/230.68 mi4, Whalley Road, Rochdale, Greater Manchester OL12 7NB2
£120K04/210.69 mi18, Whalley Road, Rochdale, Greater Manchester OL12 7NB2
£150K09/210.69 mi4, Whalley Road, Rochdale, Greater Manchester OL12 7NB2
£163K08/230.69 mi26, Whalley Road, Rochdale, Greater Manchester OL12 7NB2
£78K10/210.69 mi3, Bentinck Street, Rochdale, Greater Manchester OL12 7EJ2
£112.5K12/200.71 mi1, Rupert Street, Rochdale, Greater Manchester OL12 7DH2
£145K06/230.71 mi2, Rupert Street, Rochdale, Greater Manchester OL12 7DH2
£88K02/230.71 mi6, Air Hill Terrace, Rochdale, Greater Manchester OL12 7EW2
£175K03/240.71 mi155, Shawclough Way, Rochdale, Greater Manchester OL12 6EE2
£175K03/240.71 mi155, Shawclough Way, Rochdale, Greater Manchester OL12 6EE2
£94K04/240.72 mi104, Rooley Moor Road, Rochdale, Greater Manchester OL12 7DQ2
£82K08/210.72 mi104, Thrush Street, Rochdale, Greater Manchester OL12 7DA2
£115K02/230.72 mi23, Thrush Street, Rochdale, Greater Manchester OL12 7DA2
£126K07/230.73 mi4, Greenbank, Whitworth, Rochdale, Lancashire OL12 8SH2
£115K07/230.73 mi17, Edwin Waugh Gardens, Rochdale, Greater Manchester OL12 6NH2

Local Rents

37 rents from £700/mo to £1.1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£90012/240.05 miRooley Moor Road, Rochdale2
£82506/240.29 mi3 Brackenlea Fold, Norden OL12 7GG 2
£79503/240.49 miHealey Hall Farm, Shawclough, Rochdale OL12 7HU2
£1,10012/240.54 miThe Windrush, Shawclough, OL122
£87504/250.6 mi-2
£87506/240.63 mi-2
£95004/250.63 mi-2
£85001/250.65 mi-2
£79503/250.69 mi-2
£87501/250.71 mi-2
£80006/240.75 mi-2
£85012/240.75 mi-2
£77512/240.76 miClarence Street, Shawclough, Rochdale, Greater Manchester, OL122
£79511/240.76 mi-2
£85002/250.81 mi-2
£89506/240.81 mi-2
£89506/240.81 mi-2
£89504/250.87 mi-2
£99506/240.88 miFalinge Fold, Rochdale, Greater Manchester, OL122
£79506/240.88 miShawfield Lane, Norden, OL12 7RQ2
£93012/240.88 mi-2
£1,10012/240.9 miNorden, Rochdale2
£72506/230.92 mi-2
£1,10004/240.94 mi-2
£1,15003/250.94 mi-2
£1,10006/240.94 miInglefield, Rochdale, OL112
£99506/240.96 miNorden, Rochdale, OL11 5DZ2
£80006/241.02 miDenehurst Road, Rochdale - 2 BEDROOMS PLUS OFFICE2
£70012/241.06 miBERNARD STREET, Healey, Rochdale OL12 0SJ2
£79504/241.07 mi-2
£77512/241.08 mi-2
£77512/241.08 mi-2
£70012/241.1 miIndustry Street, Norden, Rochale, OL112
£87512/241.13 mi-2
£82506/241.18 miAshmount Drive, Shawclough, OL12 6HP2
£79504/251.2 mi-2
£87506/241.21 miRedfern Way Norden 2

Local Area Statistics

Population in OL12

45,900

Population in Rochdale

128,851

Town centre distance

1.62 miles away

Nearest school

0.20 miles away

Nearest train station

1.70 miles away

 

 

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Listed for £210,000

February 28, 2025

Floor Plans

Description

  • Detached True Bungalow +
  • Two Double Bedrooms +
  • Open Plan Lounge Diner +
  • Modern Wet Room +
  • Gardens Front & Rear +
  • Off Street Parking +
  • Freehold +
  • Council Tax: Band C +
  • EPC: TBC +

CHAIN FREE! A charming TRUE BUNGALOW including two double bedrooms, lounge/ diner, gardens and off street parking. Located in Rooley Moor, the property is in a fantastic location and will no doubt appeal to those looking to downsize. Some modernisation required. Viewing highly recommended. EPC: TBC

Ryder & Dutton are delighted to bring to the market this charming detached true bungalow, free from chain. In need of some modernisation, the property will appeal to those looking to downsize or those looking for single level living.

Externally the property sits on a generous sized plot, including ample garden space, plus there is also off street parking for added convenience.

Internal inspection will reveal the entrance hall, to the right is the beautiful open plan lounge dining with exposed beams and patio doors leading to the rear decking area. There is also a modern wet room, two double bedrooms and then the kitchen.

Located in Rooley Moor, the property sits in a fantastic spot close by to Healey Dell nature reserve and has easy access into nearby villages of Norden and Whitworth. Viewing highly recommended.

EPC: TBC

Agent Details

Ryder & Dutton, Rochdale

01706 335894

Next Steps?

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