3 Bed Flat, Single Let, Oldham, OL4 2SB, £145,950

Longfield Crescent, Oldham, OL4 2SB - 1 views - 12 days ago

Leasehold
BTL
ROI: 6%
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£70K - £305K
Sold Prices/m²£992/m² - £4.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£178,059
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,488

Stamp Duty & Legal Fees

£8,498

Total Cash In

£44,985

 

 

Cash Out

 

Rent Range

£875 - £1,350

Rent Estimate

£893

Running Costs/mo

£655

Cashflow/mo

£238

Cashflow/yr

£2,860

ROI

6%

Gross Yield

7%

Local Sold Prices

8 sold prices from £70K to £305K, average is £169.8K. £992/m² to £4.2K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£145.5K12/220.29 miApartment 8, Waverley Court, Waverley Street, Oldham, Greater Manchester OL1 4GA3
£120K01/231.26 mi114, Henshaw Street, Oldham, Greater Manchester OL1 2BL3
£265K02/221.53 mi11, Station Road, Grotton, Oldham, Greater Manchester OL4 5SF3
£70K11/201.53 miFlat 228, Wild House, Eldon Street Estate, Oldham, Greater Manchester OL8 1UR3
£110.5K09/222.18 mi33, Albert Street, Royton, Oldham, Greater Manchester OL2 5UF3
£194K12/212.31 mi16d, Clough Lane, Grasscroft, Oldham, Greater Manchester OL4 4EW3
£229K12/212.68 mi7, Gibbs Close, Greenfield, Oldham, Greater Manchester OL3 7PN3
£305K03/212.87 mi80, Cathedral Road, Chadderton, Oldham, Greater Manchester OL9 0RG3

Local Rents

25 rents from £875/mo to £1.4K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,00012/240.11 mi-3
£1,15006/240.18 miNewbreak Street, Oldham, Greater Manchester, OL43
£1,10002/250.19 mi-3
£90002/250.21 mi-3
£1,30011/240.27 mi-3
£99506/240.31 mi-3
£99506/240.31 mi-3
£1,05002/250.31 mi-3
£87511/240.31 mi-3
£1,10012/240.34 miFurze Lane, Oldham, Greater Manchester, OL43
£1,00012/240.35 mi-3
£1,10006/240.37 miHill View Close, Oldham, Greater Manchester, OL13
£1,20006/240.41 mi-3
£90012/240.45 mi-3
£90002/240.45 mi-3
£1,05006/240.45 miMiles Street, Oldham, OL13
£89507/240.47 miRamsey Street, Derker, Oldham, OL13
£90001/250.54 mi-3
£90002/250.54 mi-3
£1,00002/250.55 mi-3
£1,00006/240.56 miGracie Avenue, Oldham, Greater Manchester, OL13
£95006/240.58 miYates Street, Derker, Oldham, OL13
£1,35010/240.62 mi-3
£1,35010/240.62 mi-3
£1,30002/250.62 mi-3

Local Area Statistics

Population in OL4

44,247

Population in Oldham

182,174

Town centre distance

0.61 miles away

Nearest school

0.10 miles away

Nearest train station

0.73 miles away

 

 

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+46%

Property History

Listed for £145,950

March 3, 2025

Description

  • 3 double bedrooms +
  • Modern fitted kitchen +
  • Modern fitted bathroom +
  • No chain +
  • Separate W/C +
  • Scope for further development +
  • Large rear garden +
  • Lounge / diner +
  • Utility / storage +

A fantastic opportunity to acquire a spacious three-bedroom home with excellent potential. This property boasts three generous double bedrooms and a large rear garden, perfect for families or investors alike. The kitchen and bathroom have been tastefully modernised, while other areas would benefit from redecoration, allowing the next owner to add their personal touch.The ground floor features a bright and airy lounge/diner, a fitted kitchen with a pantry, and a separate storage room—ideal for conversion into a utility space. Upstairs, there are three well-proportioned double bedrooms, a family bathroom, and a separate W/C.Externally, the property benefits from both front and rear gardens, with scope for further enhancement. With the potential to extend or develop (STPP), this home is ideal for first-time buyers looking to step onto the property ladder or investors seeking a promising addition to their portfolio. Don't miss this exciting opportunity—enquire today!

Agent Details

Cornerstone Estates & Lettings Limited, Shaw

01706 619161

Next Steps?

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