4 Bed Terraced House, Refurb/BRRR, Rochdale, OL16 3RY, £200,000

Broom Street, Newhey, Rochdale, Greater Manchester, OL16 3RY - 2 views - a month ago

Leasehold

Refurb/BRRR

~129 m²

+14 photos

ValuationFair Value

Sold Prices	£157K - £600K
Sold Prices/m²	£1.4K/m² - £3.6K/m²

Square Metres	~129.26 m²
Price/m²	£1.5K/m²
Value Estimate	£204,000£204,000

End Value (After Refurb)	£248,571£248,571
Uplift in Value	+24%+24%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£50,000£50,000
Stamp Duty & Legal Fees	£11,200£11,200
Refurb Costs	£54,483£54,483
Bridging Loan Interest	£5,250£5,250
Total Cash In	£122,683£122,683

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£248,571£248,571
Mortgage (After Refinance)	£186,429£186,429
Mortgage LTV	75%75%
Cash Released	£36,429£36,429
Cash Left In	£86,254£86,254
Equity	£62,143£62,143
Rent Range	£565 - £1,600£565 - £1,600
Rent Estimate	£927
Running Costs/mo	£982£982
Cashflow/mo	£-55£-55
Cashflow/yr	£-662£-662
Gross Yield	6%6%

Local Sold Prices

26 sold prices from £157K to £600K, average is £325K. £1.4K/m² to £3.6K/m², average is £2.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£375K	01/23	0.17 mi	2, Rivermead, Newhey, Rochdale, Greater Manchester OL16 4NF	£3,378	111	4	Detached House
£275K	10/23	0.2 mi	12, Bentgate Close, Newhey, Rochdale, Greater Manchester OL16 4NB	£2,696	102	4	Detached House
£325K	02/23	0.32 mi	51, Two Bridges Road, Newhey, Rochdale, Greater Manchester OL16 3RP	£2,754	118	4	Detached House
£157K	02/21	0.37 mi	198, Huddersfield Road, Newhey, Rochdale, Greater Manchester OL16 3QD	£1,365	115	4	Terraced House
£410K	11/22	0.38 mi	14, Whitebeam Close, Newhey, Rochdale, Greater Manchester OL16 4ND	£3,596	114	4	Detached House
£235.3K	09/21	0.44 mi	17, Crossbrook Way, Milnrow, Rochdale, Greater Manchester OL16 3HD	-	-	4	Semi-Detached House
£221K	12/23	0.52 mi	31, Butterworth Hall, Milnrow, Rochdale, Greater Manchester OL16 3PE	£1,727	128	4	Terraced House
£360K	05/23	0.53 mi	6, Chipping Fold, Milnrow, Rochdale, Greater Manchester OL16 4YD	£2,222	162	4	Detached House
£332.5K	09/23	0.53 mi	8, Chipping Fold, Milnrow, Rochdale, Greater Manchester OL16 4YD	-	-	4	Detached House
£350K	07/23	0.56 mi	10, Slaidburn Close, Milnrow, Rochdale, Greater Manchester OL16 4YE	£2,273	154	4	Detached House
£185K	05/21	0.6 mi	29, Charles Lane, Milnrow, Rochdale, Greater Manchester OL16 3NZ	£1,516	122	4	Terraced House
£220K	05/23	0.62 mi	41, Cornfield Street, Milnrow, Rochdale, Greater Manchester OL16 3DR	£1,982	111	4	Semi-Detached House
£157K	03/21	0.77 mi	50, Beechfield Road, Milnrow, Rochdale, Greater Manchester OL16 4EU	-	-	4	Semi-Detached House
£380K	11/22	0.83 mi	9, Shepherds Way, Milnrow, Rochdale, Greater Manchester OL16 4AR	-	-	4	Detached House
£325K	12/20	0.83 mi	6, Shepherds Way, Milnrow, Rochdale, Greater Manchester OL16 4AR	£3,037	107	4	Detached House
£382K	04/21	0.83 mi	24, Shepherds Way, Milnrow, Rochdale, Greater Manchester OL16 4AR	-	-	4	Detached House
£279.9K	03/21	0.83 mi	22, Shepherds Way, Milnrow, Rochdale, Greater Manchester OL16 4AR	£2,592	108	4	Detached House
£370K	03/21	0.86 mi	26, Buckley Chase, Milnrow, Rochdale, Greater Manchester OL16 4BD	£2,552	145	4	Detached House
£182K	11/20	0.88 mi	4, Mendip Drive, Milnrow, Rochdale, Greater Manchester OL16 3HT	£1,957	93	4	Semi-Detached House
£302K	08/23	0.88 mi	1, Mendip Drive, Milnrow, Rochdale, Greater Manchester OL16 3HT	£2,569	118	4	Semi-Detached House
£472K	11/22	0.93 mi	6, Bramhall Close, Milnrow, Rochdale, Greater Manchester OL16 4BX	-	-	4	Detached House
£390K	09/23	0.94 mi	22, Stanney Close, Milnrow, Rochdale, Greater Manchester OL16 4BF	-	-	4	Detached House
£335K	04/21	0.94 mi	22, Stanney Close, Milnrow, Rochdale, Greater Manchester OL16 4BF	-	-	4	Detached House
£250K	02/23	0.94 mi	23, Townley Road, Milnrow, Rochdale, Greater Manchester OL16 3EN	-	-	4	Semi-Detached House
£283K	01/21	0.97 mi	8, Malvern Close, Milnrow, Rochdale, Greater Manchester OL16 3HQ	-	-	4	Semi-Detached House
£600K	03/21	0.98 mi	Redeswood, Buckley Hill Lane, Milnrow, Rochdale, Greater Manchester OL16 4BU	-	-	4	Detached House

Local Rents

51 rents from £565/mo to £1.6K/mo, average is £875/mo.

Rent	Date	Distance	Address	Beds	Type
£1,350	12/24	0.05 mi	Newhey Road, Newhey, OL16	3	Terraced House
£825	06/24	0.18 mi	79 Huddersfield Road, Rochdale OL16 3QZ	2	Terraced House
£850	06/24	0.19 mi	Huddersfield Road, Newhey, OL16	2	Terraced House
£795	06/24	0.42 mi	The Old Police Station, Newhey Road, Milnrow OL16 3PS	2	Flat
£795	03/25	0.43 mi	-	1	Flat
£1,200	12/24	0.45 mi	-	2	Flat
£1,200	11/24	0.45 mi	-	2	Flat
£1,200	02/25	0.45 mi	-	2	Flat
£795	12/24	0.48 mi	Clock Tower Court, Rochdale	2	Flat
£750	06/24	0.48 mi	Clock Tower Court Milnrow.	2	Flat
£850	12/24	0.53 mi	LADYHOUSE LANE, Milnrow, Rochdale OL16 4EH	2	Terraced House
£850	12/24	0.53 mi	Newhey Road, Rochdale, OL16	2	Semi-Detached House
£700	12/24	0.53 mi	Newhey Road, Milnrow, OL16	2	Flat
£700	06/24	0.53 mi	Newhey Road, Milnrow, OL16	2	Flat
£795	12/24	0.53 mi	Newhey Road, Milnrow, OL16	2	Flat
£750	12/24	0.56 mi	Good Intent, Milnrow	1	Terraced House
£875	12/24	0.58 mi	Newhey Road, Milnrow, Rochdale, Lancashire, OL16	2	Terraced House
£795	06/24	0.62 mi	Harbour Lane, Milnrow, Rochdale, Greater Manchester, OL16	2	Terraced House
£950	12/24	0.65 mi	BEECHFIELD ROAD, Milnrow, Rochdale OL16 4HB	3	Semi-Detached House
£925	12/24	0.66 mi	Cornfield Street, Milnrow, Rochdale, Greater Manchester, OL16	2	Terraced House
£1,300	11/24	0.73 mi	-	3	Semi-Detached House
£565	08/23	0.74 mi	-	2	Flat
£895	03/25	0.76 mi	-	2	Flat
£960	12/24	0.82 mi	Gorse Road, Milnrow, Rochdale, Greater Manchester, OL16	3	Semi-Detached House
£1,200	12/24	0.86 mi	Smith Hill, Milnrow, Rochdale, Greater Manchester, OL16	2	Bungalow
£695	09/23	0.86 mi	-	1	Flat
£595	01/24	0.86 mi	-	1	Flat
£675	04/25	0.86 mi	-	1	Flat
£850	06/24	0.88 mi	-	2	Semi-Detached House
£875	12/24	0.95 mi	-	1	Flat
£1,200	03/25	0.98 mi	-	2	Bungalow
£1,600	11/24	1 mi	-	4	Detached House
£795	08/23	1 mi	-	2	Terraced House
£875	06/24	1.05 mi	Woburn Close, Milnrow, Rochdale	3	Flat
£895	01/25	1.08 mi	-	1	Bungalow
£950	10/23	1.1 mi	-	3	Terraced House
£850	06/24	1.14 mi	Crossley Street, Milnrow, OL16	2	Terraced House
£1,400	03/25	1.2 mi	-	3	Semi-Detached House
£995	11/24	1.2 mi	-	2	Semi-Detached House
£1,195	04/25	1.23 mi	-	2	Bungalow
£1,100	01/25	1.26 mi	-	3	Terraced House
£795	06/24	1.27 mi	Milnrow Road, Shaw	1	Flat
£895	12/24	1.28 mi	CROFT MEWS, Milnrow, Rochdale OL16 3AS	3	House
£950	12/24	1.31 mi	-	2	Terraced House
£925	12/24	1.32 mi	-	2	Terraced House
£900	01/25	1.33 mi	-	2	Terraced House
£970	03/25	1.33 mi	-	3	Terraced House
£600	02/24	1.34 mi	-	1	Flat
£825	12/24	1.34 mi	Rochdale Road, Shaw, Oldham	2	Terraced House
£850	01/24	1.35 mi	-	2	Semi-Detached House
£850	01/24	1.35 mi	-	2	Semi-Detached House

Local Area Statistics

Population in OL16	37,24637,246
Population in Rochdale	128,851128,851
Town centre distance	2.76 miles away2.76 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.13 miles away0.13 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+15%+15%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+35%+35%

Property History

Listed for £200,000

March 13, 2025

Floor Plans

Description

Period End Terraced House +
4 Good Sized Bedrooms +
Village Location +
2 Large Reception Rooms +
Renovation Opportunity +
Metrolink Nearby +
Gardens Front & Rear +
EPC: D +
Council Tax: Band A +
Leasehold: 890 Years Remaining +

CHAIN FREE! A superb opportunity to purchase this deceptively spacious end terraced house, in need of some modernisation. Including 4 good sized bedrooms, the property offers over 1400 square foot of living space and is perfectly positioned close to the village centre and its associated amenities whilst also providing great travel links, including Metrolink. Early viewing essential. EPC: D.

Ryder & Dutton are pleased to bring the market this deceptively spacious, end terraced house, free from chain. In need of some modernisation, this is a great opportunity for those looking to create a great family home and investors alike.

Internal inspection will reveal a large entrance hall, then the spacious through lounge diner. Stairs then lead down to the basement level which includes the kitchen, two useful storage rooms plus a double bedroom. On the first floor is a generous sized landing, a good sized family bathroom, two further double bedrooms and one single bedroom.

Externally the property is garden fronted and also includes a paver garden to the rear. Parking is available on street.

Located just off Huddersfield Road in Newhey, the property is perfectly positioned close to the village centre and its associated amenities whilst also providing great travel links, including Metrolink.

Early viewing is essential.

EPC: D.

Agent Details

Ryder & Dutton, Rochdale

01706 335894

Next Steps?

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

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