3 Bed Bungalow, Refurb/BRRR, Oldham, OL2 7JD, £450,000

229 Rochdale Road, Oldham, OL2 7JD - a month ago

Refurb/BRRR
~93 m²
+16 photos

ValuationOvervalued

Sold Prices£85K - £450K
Sold Prices/m²£1.3K/m² - £4.9K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£190,990

 

 

End Value (After Refurb)

£262,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£36,200

Refurb Costs

£39,267

Bridging Loan Interest

£11,813

Total Cash In

£201,529

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£262,500

Mortgage (After Refinance)

£196,875

Mortgage LTV

75%

Cash Left In

£201,529

Equity

£65,625

Rent Range

£875 - £1,400

Rent Estimate

£1,038

Running Costs/mo

£1,048

Cashflow/mo

£-10

Cashflow/yr

£-119

Gross Yield

3%

Local Sold Prices

50 sold prices from £85K to £450K, average is £172.8K. £1.3K/m² to £4.9K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£450K11/200.01 mi217, Rochdale Road, Shaw, Oldham, Greater Manchester OL2 7JD3
£303K04/210.08 mi4, Orchard Grove, Shaw, Oldham, Greater Manchester OL2 7HZ3
£175K12/220.09 mi1, Howard Street, Shaw, Oldham, Greater Manchester OL2 7JP3
£400K12/230.13 miOrchard Brow, The Orchards, Rochdale Road, Shaw, Oldham, Greater Manchester OL2 7HX3
£265K11/230.15 mi4, Annersley Avenue, Shaw, Oldham, Greater Manchester OL2 7HA3
£215K07/230.16 mi11, Surrey Avenue, Shaw, Oldham, Greater Manchester OL2 7DN3
£190K04/210.18 mi22, Bedford Avenue, Shaw, Oldham, Greater Manchester OL2 7DW3
£202.5K08/230.19 mi21, Manor Road, Shaw, Oldham, Greater Manchester OL2 7JH3
£235K11/210.19 mi7, Bedford Avenue, Shaw, Oldham, Greater Manchester OL2 7DR3
£138K09/230.21 mi22, Blakelock Street, Shaw, Oldham, Greater Manchester OL2 7SE3
£139.9K05/210.21 mi1, Blakelock Street, Shaw, Oldham, Greater Manchester OL2 7SE3
£141K03/210.21 mi9, Chamber Road, Shaw, Oldham, Greater Manchester OL2 7AR3
£173K09/210.21 mi17, Chamber Road, Shaw, Oldham, Greater Manchester OL2 7AR3
£290K10/220.21 mi47, Chamber Road, Shaw, Oldham, Greater Manchester OL2 7AR3
£137K12/200.22 mi42, Christine Street, Shaw, Oldham, Greater Manchester OL2 7SQ3
£236.5K04/210.23 mi6, The Avenue, Shaw, Oldham, Greater Manchester OL2 7HE3
£184K02/210.26 mi4, Highlands Road, Shaw, Oldham, Greater Manchester OL2 7RD3
£225K12/200.27 mi18, Grampian Way, Shaw, Oldham, Greater Manchester OL2 7RB3
£135K02/230.27 mi67, Christine Street, Shaw, Oldham, Greater Manchester OL2 7ST3
£395K12/200.28 mi2, Moorfield Hamlet, Shaw, Oldham, Greater Manchester OL2 7HJ3
£240K06/210.29 mi77, Surrey Avenue, Shaw, Oldham, Greater Manchester OL2 7ET3
£180K03/210.3 mi9, Warwick Close, Shaw, Oldham, Greater Manchester OL2 7DZ3
£138K12/200.3 mi11, Osborne Street, Shaw, Oldham, Greater Manchester OL2 7AB3
£153K10/210.3 mi19, Osborne Street, Shaw, Oldham, Greater Manchester OL2 7AB3
£140K04/210.3 mi9, Osborne Street, Shaw, Oldham, Greater Manchester OL2 7AB3
£127K03/210.3 mi48, Glebe Street, Shaw, Oldham, Greater Manchester OL2 7SF3
£125K03/240.3 mi83, Glebe Street, Shaw, Oldham, Greater Manchester OL2 7SF3
£134K03/210.3 mi20, Waveney Road, Shaw, Oldham, Greater Manchester OL2 7YA3
£135K02/210.3 mi84, Capesthorne Drive, Shaw, Oldham, Greater Manchester OL2 7DQ3
£228.5K11/200.32 mi55, Denbigh Drive, Shaw, Oldham, Greater Manchester OL2 7EQ3
£211.5K07/210.32 mi59, Denbigh Drive, Shaw, Oldham, Greater Manchester OL2 7EQ3
£227K05/210.32 mi30, Denbigh Drive, Shaw, Oldham, Greater Manchester OL2 7EQ3
£277K03/210.32 mi38, Denbigh Drive, Shaw, Oldham, Greater Manchester OL2 7EQ3
£250K11/220.32 mi4, Norwood Close, Shaw, Oldham, Greater Manchester OL2 7QZ3
£165K06/210.33 mi3, Bourne Road, Shaw, Oldham, Greater Manchester OL2 7XN3
£138.5K01/210.33 mi49, Farrow Street, Shaw, Oldham, Greater Manchester OL2 7AD3
£135K05/230.34 mi43, Brunswick Street, Shaw, Oldham, Greater Manchester OL2 7RY3
£115K03/210.34 mi41, Brunswick Street, Shaw, Oldham, Greater Manchester OL2 7RY3
£121K02/210.34 mi23, Brunswick Street, Shaw, Oldham, Greater Manchester OL2 7RY3
£158K03/210.34 mi8, Brandon Crescent, Shaw, Oldham, Greater Manchester OL2 7YB3
£166K08/210.35 mi28, Derwent Drive, Shaw, Oldham, Greater Manchester OL2 7XT3
£135K09/210.36 mi8, Alston Avenue, Shaw, Oldham, Greater Manchester OL2 7SX3
£110K05/210.36 mi42, Tudor Street, Shaw, Oldham, Greater Manchester OL2 7RX3
£85K05/230.36 mi11, Tudor Street, Shaw, Oldham, Greater Manchester OL2 7RX3
£154.9K04/210.36 mi394, Rochdale Road, Shaw, Oldham, Greater Manchester OL2 7PF3
£250K12/220.36 mi41, Princess Road, Shaw, Oldham, Greater Manchester OL2 7AZ3
£200K01/230.37 mi34, Princess Road, Shaw, Oldham, Greater Manchester OL2 7AZ3
£230K12/220.37 mi19, Hawkshead Road, Shaw, Oldham, Greater Manchester OL2 7QX3
£138K06/230.37 mi313, Rochdale Road, Shaw, Oldham, Greater Manchester OL2 7LE3
£172.5K02/230.37 mi323, Rochdale Road, Shaw, Oldham, Greater Manchester OL2 7LE3

Local Rents

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

RentDateDistanceAddressBeds 
£1,01512/240.21 mi-3
£97003/250.37 mi-3
£87503/250.38 mi-3
£1,20004/240.38 mi-3
£99512/240.4 mi-3
£1,40003/250.44 mi-3
£89506/240.51 miBeal Lane, Shaw3
£1,10012/240.52 mi-3
£95001/250.53 mi-3
£90006/240.55 mi-3
£1,00006/240.59 mi-3
£1,12504/250.6 mi-3
£1,10001/250.6 mi-3
£1,00003/250.62 mi-3

Local Area Statistics

Population in OL2

42,193

Population in Oldham

182,174

Town centre distance

2.01 miles away

Nearest school

0.20 miles away

Nearest train station

0.62 miles away

 

 

Rental growth (12m)

+15%

Sales demand

Balanced market

Capital growth (5yrs)

+41%

Property History

Listed for £450,000

March 7, 2025

Floor Plans

Description

  • Set in private gardens +
  • True bungalow +
  • Detached +
  • No Chain +
  • 3 bedrooms +
  • Large dining kitchen +
  • Sunshine lounge +
  • Large garage +
  • 4 piece bathroom +
  • separate w/c +

Nestled within its own private and secluded grounds, this impressive detached true bungalow is situated in the highly sought-after area of High Crompton. This much-loved family home, individually built by the owner, offers an excellent opportunity for modernisation and development, making it an ideal investment for buyers seeking potential for perfect developmet and profit.The property features a spacious sunshine lounge, an expansive kitchen-diner, three well-proportioned bedrooms, a wide entrance hall, a four-piece family bathroom, and a separate W/C.A standout feature is the versatile garage, divided into three zones, complete with side windows and an electricity supply—perfect for multiple uses.With significant scope for improvement, developers and builders are strongly encouraged to view to fully appreciate the potential this property has to offer.

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 💪

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