2 Bed Terraced House, Single Let, Rochdale, OL16 4UH, £125,000

Watkin Street, Rochdale, OL16 4UH - 2 months ago

BTL
ROI: 5%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£55K - £167.5K
Sold Prices/m²£867/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£91,212

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£7,450

Total Cash In

£38,700

 

 

Cash Out

 

Rent Range

£650 - £950

Rent Estimate

£696

Running Costs/mo

£550

Cashflow/mo

£146

Cashflow/yr

£1,754

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £55K to £167.5K, average is £109K. £867/m² to £3.5K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£100K06/210.01 mi23, Watkin Street, Rochdale, Greater Manchester OL16 4UH2
£127K09/230.01 mi10, Watkin Street, Rochdale, Greater Manchester OL16 4UH2
£90K11/230.01 mi15, Watkin Street, Rochdale, Greater Manchester OL16 4UH2
£78K04/230.07 mi58, Watkin Street, Rochdale, Greater Manchester OL16 4UJ2
£100K01/230.07 mi61, Watkin Street, Rochdale, Greater Manchester OL16 4UJ2
£155K07/240.1 mi100, Clarendon Street, Rochdale, Greater Manchester OL16 4UB2
£104K08/210.11 mi5, Burlington Street, Rochdale, Greater Manchester OL11 2EX2
£127.5K02/240.11 mi3, Burlington Street, Rochdale, Greater Manchester OL11 2EX2
£135K08/230.11 mi1, Crown Gardens, Rochdale, Greater Manchester OL16 5LG2
£122K12/220.12 mi94, Clarendon Street, Rochdale, Greater Manchester OL16 4UB2
£135K07/230.12 mi15, Schofield Street, Rochdale, Greater Manchester OL11 1BA2
£60K12/200.15 mi27, Lower Street, Rochdale, Greater Manchester OL16 4TG2
£60K03/210.15 mi32, Well Street, Rochdale, Greater Manchester OL11 1AX2
£81.5K01/210.15 mi15, Well Street, Rochdale, Greater Manchester OL11 1AX2
£108K11/200.17 mi73, Percy Street, Rochdale, Greater Manchester OL16 5LF2
£152K11/220.17 mi79, Percy Street, Rochdale, Greater Manchester OL16 5LF2
£106.5K09/230.18 mi39, Greenfield Street, Rochdale, Greater Manchester OL11 2JX2
£85K06/240.18 mi47, Greenfield Street, Rochdale, Greater Manchester OL11 2JX2
£67.5K12/200.18 mi37, Prince Street, Rochdale, Greater Manchester OL16 5LL2
£94.5K06/230.18 mi15, Prince Street, Rochdale, Greater Manchester OL16 5LL2
£90K03/240.18 mi9, Prince Street, Rochdale, Greater Manchester OL16 5LL2
£92K06/210.21 mi107, Prince Street, Rochdale, Greater Manchester OL16 5LJ2
£75K12/200.21 mi110, Prince Street, Rochdale, Greater Manchester OL16 5LJ2
£148K02/240.21 mi87, Prince Street, Rochdale, Greater Manchester OL16 5LJ2
£125K10/230.21 mi73, Prince Street, Rochdale, Greater Manchester OL16 5LJ2
£132.5K02/210.22 mi22, Sedgley Avenue, Rochdale, Greater Manchester OL16 4TZ2
£145K04/240.23 mi32, Charlotte Street, Rochdale, Greater Manchester OL16 4TJ2
£160K10/230.23 mi60, Charlotte Street, Rochdale, Greater Manchester OL16 4TJ2
£88K04/210.23 mi54, Charlotte Street, Rochdale, Greater Manchester OL16 4TJ2
£100K05/240.24 mi114, Queensway, Rochdale, Greater Manchester OL11 1TJ2
£83K03/210.25 mi86, Royds Street, Rochdale, Greater Manchester OL16 5JS2
£122.5K04/210.25 mi8, Buersil Avenue, Rochdale, Greater Manchester OL16 4TP2
£105K02/230.26 mi10, Sandfield Road, Rochdale, Greater Manchester OL16 5LE2
£152K02/230.26 mi19, Sandfield Road, Rochdale, Greater Manchester OL16 5LE2
£140K11/220.26 mi84, Buersil Avenue, Rochdale, Greater Manchester OL16 4TR2
£80K03/210.27 mi10, Moss Mill Street, Rochdale, Greater Manchester OL16 5JX2
£110K02/240.27 mi27, Moss Mill Street, Rochdale, Greater Manchester OL16 5JX2
£140K12/230.28 mi67, Queen Victoria Street, Rochdale, Greater Manchester OL11 2HF2
£167.5K10/230.28 mi11, Stiups Lane, Rochdale, Greater Manchester OL16 4XR2
£120K12/220.28 mi10, Moss Mill Street, Rochdale, Greater Manchester OL16 5JX2
£115K12/220.32 mi9, Tennyson Street, Rochdale, Greater Manchester OL11 1LY2
£104K01/240.32 mi20, Woodbine Street East, Rochdale, Greater Manchester OL16 5LB2
£115K05/230.32 mi98, Woodbine Street East, Rochdale, Greater Manchester OL16 5LB2
£78.5K11/200.33 mi597, Oldham Road, Rochdale, Greater Manchester OL16 4SU2
£120K10/230.33 mi35, Muriel Street, Rochdale, Greater Manchester OL16 5JQ2
£102K03/210.34 mi47, Broad Lane, Rochdale, Greater Manchester OL16 4PL2
£55K01/230.34 mi165, Royds Street, Rochdale, Greater Manchester OL16 5JZ2
£114K12/200.35 mi20, Broad Lane, Rochdale, Greater Manchester OL16 4PG2
£111.8K09/230.36 mi2, Great Gates Close, Rochdale, Greater Manchester OL11 2HW2
£113K02/240.36 mi14, Great Gates Close, Rochdale, Greater Manchester OL11 2HW2

Local Rents

12 rents from £650/mo to £950/mo, average is £863/mo.

RentDateDistanceAddressBeds 
£89512/240.16 mi-2
£92504/250.16 mi-2
£85012/240.17 miPercy Street, Rochdale2
£89504/250.17 mi-2
£80012/240.22 miPrince Street, Rochdale2
£89504/250.29 mi-2
£87504/250.3 mi-2
£85004/250.31 mi-2
£85006/240.44 miRhodes Crescent, Rochdale2
£77511/230.56 mi-2
£95003/250.58 mi-2
£65006/240.61 miCanberra Way, Balderstone Place, Rochdale, Lancashire, OL112

Local Area Statistics

Population in OL16

37,246

Population in Rochdale

128,851

Town centre distance

1.57 miles away

Nearest school

0.30 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £125,000

March 7, 2025

Floor Plans

Description

  • Terrace +
  • Garden +
  • 2 Bedrooms +
  • Tenanted +

Two-Bedroom Terraced House for Sale on Watkin Street, Rochdale Tenanted in Situ.

This appealing two-bedroom terraced house on Watkin Street in the heart of Rochdale presents a unique and promising investment opportunity. Nestled in a friendly neighbourhood known for its community spirit and convenient amenities, The house stands in immaculate condition, a testament to the diligent care and attention provided by the current tenant, who is committed to maintaining the property's excellent standard. This continuity of tenancy offers prospective investors peace of mind with the security of immediate rental income, making it an ideal low-risk investment.

Upon entering the property, you are greeted by a welcoming entrance vestibule that sets the tone for the warm and inviting atmosphere found throughout the home. This leads directly into a bright and spacious living room, where the charm of a traditional fireplace provides a focal point, ideal for cosy evenings. Double glass doors flood the room with natural light and offer an elegant transition into the kitchen area.

The kitchen is generously proportioned to include ample counter and cupboard space. Whether preparing daily meals or hosting a dinner party, the spacious layout facilitates ease of movement and functionality. Additional storage space beneath the stairs ensures that every inch of space is optimally used, perfect for keeping the area tidy and organized. The rear of the house opens up to a secure, low-maintenance backyard. The flagged patio area is perfect for summer barbecues or simply enjoying a quiet moment in the open air.

Upstairs, the accommodation is equally impressive. The large master bedroom is positioned at the front of the house, featuring two windows that enhance the room's brightness and warmth. Built-in wardrobes offer ample storage while maintaining the sleek lines of the room. The second double bedroom, similarly equipped with fitted wardrobes, is ideal for children, guests, or as a versatile space for a home office.

The family bathroom is modern and well-appointed, equipped with a pristine three-piece suite. The bath includes an overhead shower, providing the option for a quick refreshing rinse or a leisurely soak.

Currently, the property is tenanted, ensuring immediate income for potential new owners and providing a seamless transition of ownership. The present rental arrangement underscores the property's stature as a worry-free investment with a dependable long-term tenant who cherishes the home.

For those interested in this unmissable opportunity, further details regarding the current rental agreement can be provided by contacting Yopa directly. An Energy Performance Certificate (EPC) will soon be available, providing further insights into the environmental credentials of the property.

Do not let this opportunity slip by. Arrange a viewing today to experience firsthand the charm and potential of this exceptional property, offering a sound investment and the promise of a welcoming home. Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, North West & Midlands

01525 659945

Next Steps?

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