3 Bed Semi-Detached House, Refurb/BRRR, Oldham, OL8 3DN, £160,000

311 Hemlock Avenue, Oldham, OL8 3DN - 9 days ago

Leasehold
Refurb/BRRR
ROI: 4%
~93 m²
+6 photos

ValuationFair Value

Sold Prices£45.4K - £271K
Sold Prices/m²£308/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£157,687

 

 

End Value (After Refurb)

£168,206

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£39,200

Bridging Loan Interest

£4,200

Total Cash In

£94,350

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£168,206

Mortgage (After Refinance)

£126,154

Mortgage LTV

75%

Cash Released

£6,154

Cash Left In

£88,196

Equity

£42,051

Rent Range

£775 - £1,350

Rent Estimate

£1,080

Running Costs/mo

£762

Cashflow/mo

£318

Cashflow/yr

£3,820

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £45.4K to £271K, average is £172.5K. £308/m² to £3.1K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£145K07/210.01 mi8, Hemlock Avenue, Oldham, Greater Manchester OL8 3DN3
£70K12/200.03 mi274, Copster Hill Road, Oldham, Greater Manchester OL8 3DE3
£223K09/230.05 mi1, Enfield Avenue, Oldham, Greater Manchester OL8 3DW3
£120K03/210.05 mi1a, Enfield Avenue, Oldham, Greater Manchester OL8 3DW3
£170K12/220.05 mi32, Enfield Avenue, Oldham, Greater Manchester OL8 3DW3
£175K02/210.06 mi25, Cheviot Avenue, Oldham, Greater Manchester OL8 4HD3
£140K10/200.06 mi42, Cheviot Avenue, Oldham, Greater Manchester OL8 4HD3
£170K12/220.06 mi3, Halliwell Avenue, Oldham, Greater Manchester OL8 3DL3
£185K08/230.06 mi6, Halliwell Avenue, Oldham, Greater Manchester OL8 3DL3
£125K02/210.07 mi208, Hollins Road, Oldham, Greater Manchester OL8 3DQ3
£145K12/230.07 mi206, Copster Hill Road, Oldham, Greater Manchester OL8 3DD3
£140K10/210.08 mi4, Cheviot Avenue, Oldham, Greater Manchester OL8 4HB3
£152K09/210.08 mi23, Cheviot Avenue, Oldham, Greater Manchester OL8 4HB3
£180K10/200.09 mi10, Stratford Avenue, Oldham, Greater Manchester OL8 3DR3
£185K04/220.09 mi27, Stratford Avenue, Oldham, Greater Manchester OL8 3DR3
£200K09/210.13 mi16, Blackdown Grove, Oldham, Greater Manchester OL8 3WH3
£239.5K03/210.13 mi4, Blackdown Grove, Oldham, Greater Manchester OL8 3WH3
£195K08/220.13 mi21, Schofield Street, Oldham, Greater Manchester OL8 1QJ3
£250K11/210.14 mi1, Wicklow Grove, Oldham, Greater Manchester OL8 3WD3
£165K09/210.14 mi44, Eton Avenue, Oldham, Greater Manchester OL8 4HQ3
£190K12/200.15 mi297, Windsor Road, Oldham, Greater Manchester OL8 1AF3
£132K11/230.15 mi44, Brierley Street, Oldham, Greater Manchester OL8 3DZ3
£271K09/220.18 mi8, Howardian Close, Oldham, Greater Manchester OL8 3WE3
£180K04/210.18 mi10, Bredon Way, Oldham, Greater Manchester OL8 3WL3
£145K12/200.19 mi274, Frederick Street, Oldham, Greater Manchester OL8 4HG3
£83K03/210.19 mi13, Clydesdale Street, Oldham, Greater Manchester OL8 1BT3
£135.5K05/210.2 mi19, Polden Close, Oldham, Greater Manchester OL8 3WN3
£222K02/240.2 mi2, Polden Close, Oldham, Greater Manchester OL8 3WN3
£230K09/220.2 mi8, Quantock Drive, Oldham, Greater Manchester OL8 3WJ3
£208K04/210.2 mi29, Quantock Drive, Oldham, Greater Manchester OL8 3WJ3
£81.5K10/230.2 mi2, Denbigh Street, Oldham, Greater Manchester OL8 3HB3
£45.4K05/210.21 mi19, Harrow Avenue, Oldham, Greater Manchester OL8 4HY3
£186K03/230.21 mi20, Sidlaw Close, Oldham, Greater Manchester OL8 3WQ3
£137.5K12/220.23 mi419, Ashton Road, Oldham, Greater Manchester OL8 2NA3
£200K07/230.26 mi99, Burlington Avenue, Oldham, Greater Manchester OL8 1AR3
£260K03/230.26 mi20, Corona Avenue, Oldham, Greater Manchester OL8 4JA3
£225K11/230.28 mi76, Merton Avenue, Oldham, Greater Manchester OL8 4JF3
£180K04/210.28 mi100, Merton Avenue, Oldham, Greater Manchester OL8 4JF3
£85K04/210.28 mi19, Mirfield Avenue, Oldham, Greater Manchester OL8 1BW3
£179K12/220.29 mi26, Lyndhurst Road, Oldham, Greater Manchester OL8 4JG3
£160K07/230.29 mi22, Bellfield Avenue, Oldham, Greater Manchester OL8 3EW3
£135K02/210.29 mi12, Lyndhurst Road, Oldham, Greater Manchester OL8 4JG3
£180K04/230.31 mi82, Langham Road, Oldham, Greater Manchester OL8 1AX3
£70K05/230.31 mi13, Manley Road, Oldham, Greater Manchester OL8 1AU3
£210K11/200.33 mi10, Meadow Lane, Oldham, Greater Manchester OL8 3AQ3
£186.4K12/200.34 mi77, North Gate, Oldham, Greater Manchester OL8 3AF3
£170K04/210.34 mi23, Middle Gate, Oldham, Greater Manchester OL8 3AH3
£125.5K02/240.35 mi375, Hollins Road, Oldham, Greater Manchester OL8 3BD3
£150K02/220.35 mi1, Meadow Lane, Oldham, Greater Manchester OL8 3AQ3
£176K05/210.36 mi20, College Avenue, Oldham, Greater Manchester OL8 4DS3

Local Rents

17 rents from £775/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,00006/240.06 miHollins Road, Oldham, OL83
£77506/240.08 miCheviot Avenue, Coppice, Oldham, OL83
£99508/240.08 miHollins Road, Oldham, Lancashire, OL83
£1,19503/250.09 mi-3
£1,10001/240.24 mi-3
£1,00007/240.26 miCroft Street, Little Hulton, Manchester3
£1,09510/240.39 mi-3
£1,35006/240.42 mi-3
£1,05008/240.43 mi-3
£1,05007/240.43 miWildbrook Crescent, Oldham, OL83
£1,22507/240.52 miDurban Mill, Oldham, OL83
£1,29506/240.55 miDurban Mill, Oldham3
£1,29506/240.55 miDurban Mill, Oldham3
£1,29506/240.55 miDurban Mill, Oldham3
£1,00007/240.56 miPenrith Avenue, Manchester3
£92511/240.6 mi-3
£92511/240.6 mi-3

Local Area Statistics

Population in OL8

39,658

Population in Oldham

182,174

Town centre distance

1.84 miles away

Nearest school

0.30 miles away

Nearest train station

1.17 miles away

 

 

Rental growth (12m)

+42%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £160,000

March 8, 2025

Floor Plans

Description

  • REQUIRES UPDATING +
  • SEMI-DETACHED +
  • 3 BEDROOMS +
  • 1 RECEPTION ROOM +
  • EXTENDED KITCHEN +
  • FRONT AND REAR GARDEN +
  • NO CHAIN +
  • POPULAR LOCATION +
  • EPC RATING C +

Situated in a quite and popular location this Semi-Detached family home which although requiring modernisation offers excellent potential for any buyer looking to create their own family home. The internal accommodation comprises entrance hall, dual aspect lounge, extended kitchen diner, 3 bedrooms and bathroom. The property benefits from gas central heating system and Upvc double glazing. Externally there are enclosed gardens to both the front and rear. NO CHAIN. EPC Rating C

Entrance Hallway - Radiator, stairs leading to first floor landing.

Lounge - 5.6m x 3.4m (18'4" x 11'1") - Dual aspect with Upvc double glazed windows to both the front and rear. 2 x Radiators.

Kitchen Diner - 4.1m x 2.3m (13'5" x 7'6") - Fitted wall and base units with work surfaces and tiled splashback. Upvc double glazed window, radiator.

Bedroom 1 - 3.4m x 3.0m (11'1" x 9'10") - Upvc double glazed window, radiator.

Bedroom 2 - 3.4m x 2.3m (11'1" x 7'6") - Upvc double glazed window, radiator.

Bedroom 3 - 2.3m x 2.3m (max) (7'6" x 7'6" (max)) - Upvc double glazed window, radiator.

Bathroom - 3 piece suite comprising bath, wash hand basin and low level wc. Upvc double glazed window, radiator.

Exteranlly - Enclosed gardens to both the front and rear.

Material Information - Oldham - Tenure Type; Leasehold
Leasehold Years remaining on lease; 879
Leasehold Ground Rent Amount; £3.10
Council Tax Banding; A

Agent Details

Hunters, Oldham

0161 524 7876

Next Steps?

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