3 Bed Semi-Detached House, Refurb/BRRR, Oldham, OL2 6JP, £239,950

Cornish Way, Royton, Oldham, Greater Manchester, OL2 6JP - a month ago

Refurb/BRRR

ROI: 1%

~93 m²

+14 photos

ValuationOvervalued

Sold Prices	£130K - £305.5K
Sold Prices/m²	£1.3K/m² - £4.2K/m²

Square Metres	~93 m²
Price/m²	£2.6K/m²
Value Estimate	£195,783£195,783

End Value (After Refurb)	£219,528£219,528

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£59,988£59,988
Stamp Duty & Legal Fees	£13,198£13,198
Refurb Costs	£39,267£39,267
Bridging Loan Interest	£6,299£6,299
Total Cash In	£120,500£120,500

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£219,528£219,528
Mortgage (After Refinance)	£164,646£164,646
Mortgage LTV	75%75%
Cash Left In	£120,500£120,500
Equity	£54,882£54,882
Rent Range	£750 - £1,400£750 - £1,400
Rent Estimate	£1,060
Running Costs/mo	£918£918
Cashflow/mo	£142£142
Cashflow/yr	£1,704£1,704
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £130K to £305.5K, average is £187.5K. £1.3K/m² to £4.2K/m², average is £2.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£177K	01/21	0.04 mi	34, Liskeard Avenue, Royton, Oldham, Greater Manchester OL2 6JU	£2,529	70	3	Semi-Detached House
£245K	06/23	0.04 mi	13, Liskeard Avenue, Royton, Oldham, Greater Manchester OL2 6JU	-	-	3	Semi-Detached House
£174K	04/21	0.07 mi	6, Bodmin Close, Royton, Oldham, Greater Manchester OL2 6LD	£2,289	76	3	Semi-Detached House
£217K	08/23	0.07 mi	8, Cornish Way, Royton, Oldham, Greater Manchester OL2 6JW	-	-	3	Semi-Detached House
£207.5K	08/23	0.08 mi	9, Heyside Avenue, Royton, Oldham, Greater Manchester OL2 6LB	£2,673	78	3	Semi-Detached House
£183K	05/21	0.08 mi	19, Heyside Avenue, Royton, Oldham, Greater Manchester OL2 6LB	£2,815	65	3	Semi-Detached House
£185K	04/23	0.11 mi	65, Cornish Way, Royton, Oldham, Greater Manchester OL2 6JY	-	-	3	Semi-Detached House
£170K	01/21	0.13 mi	54, Turf Lane, Royton, Oldham, Greater Manchester OL2 6JB	£2,099	81	3	Semi-Detached House
£221K	09/23	0.13 mi	58, Turf Lane, Royton, Oldham, Greater Manchester OL2 6JB	-	-	3	Semi-Detached House
£189.9K	10/21	0.13 mi	65, Helston Drive, Royton, Oldham, Greater Manchester OL2 6JT	-	-	3	Semi-Detached House
£179.9K	10/21	0.13 mi	44, Helston Drive, Royton, Oldham, Greater Manchester OL2 6JT	-	-	3	Semi-Detached House
£178K	11/21	0.13 mi	41, Helston Drive, Royton, Oldham, Greater Manchester OL2 6JT	£2,697	66	3	Semi-Detached House
£179.9K	02/21	0.13 mi	67, Helston Drive, Royton, Oldham, Greater Manchester OL2 6JT	£1,764	102	3	Semi-Detached House
£225K	09/21	0.14 mi	31, Clifton Crescent, Royton, Oldham, Greater Manchester OL2 6JF	£2,250	100	3	Semi-Detached House
£155K	12/21	0.18 mi	29, Perth Street, Royton, Oldham, Greater Manchester OL2 6LY	£1,761	88	3	Semi-Detached House
£245K	05/23	0.18 mi	37, Lily Street, Royton, Oldham, Greater Manchester OL2 6EB	£2,849	86	3	Semi-Detached House
£242K	02/21	0.19 mi	22, Balmoral Avenue, Royton, Oldham, Greater Manchester OL2 6NY	£2,396	101	3	Semi-Detached House
£175K	08/21	0.19 mi	8, Balmoral Avenue, Royton, Oldham, Greater Manchester OL2 6NY	-	-	3	Semi-Detached House
£222K	01/23	0.2 mi	2, Blackshaw Lane, Royton, Oldham, Greater Manchester OL2 6NT	£2,775	80	3	Semi-Detached House
£175K	11/23	0.21 mi	25, Clarence Street, Royton, Oldham, Greater Manchester OL2 6LR	£1,471	119	3	Terraced House
£149.9K	12/20	0.21 mi	25, Clarence Street, Royton, Oldham, Greater Manchester OL2 6LR	£1,260	119	3	Terraced House
£133.5K	01/21	0.22 mi	570, Higginshaw Lane, Royton, Oldham, Greater Manchester OL2 6JA	£1,734	77	3	Terraced House
£199K	08/23	0.24 mi	198, Shaw Road, Royton, Oldham, Greater Manchester OL2 6EF	-	-	3	Terraced House
£148K	04/23	0.24 mi	172, Shaw Road, Royton, Oldham, Greater Manchester OL2 6EF	-	-	3	Terraced House
£155K	04/21	0.24 mi	53, Turfland Avenue, Royton, Oldham, Greater Manchester OL2 6EN	-	-	3	Terraced House
£190K	07/23	0.24 mi	65, Turfland Avenue, Royton, Oldham, Greater Manchester OL2 6EN	-	-	3	Terraced House
£305K	09/22	0.25 mi	30, Rushbury Drive, Royton, Oldham, Greater Manchester OL2 6LE	-	-	3	Detached House
£255K	08/23	0.25 mi	15, Brownlow Avenue, Royton, Oldham, Greater Manchester OL2 6LX	£1,401	182	3	Semi-Detached House
£195K	01/24	0.27 mi	5, Rosebay Close, Royton, Oldham, Greater Manchester OL2 6WJ	£2,738	71	3	Terraced House
£165K	01/23	0.29 mi	17, St Marks Avenue, Royton, Oldham, Greater Manchester OL2 6NL	-	-	3	Terraced House
£305.5K	09/23	0.33 mi	62, Bullcote Green, Royton, Oldham, Greater Manchester OL2 6NJ	£3,819	80	3	Detached House
£180K	07/21	0.33 mi	49, Bullcote Green, Royton, Oldham, Greater Manchester OL2 6NJ	-	-	3	Semi-Detached House
£175K	05/23	0.35 mi	7, Sunfield Drive, Royton, Oldham, Greater Manchester OL2 6EX	-	-	3	Semi-Detached House
£261.5K	07/23	0.35 mi	15, Higher Turf Park, Royton, Oldham, Greater Manchester OL2 6ER	£3,326	79	3	Semi-Detached House
£240K	01/24	0.35 mi	33, Otmoor Way, Royton, Oldham, Greater Manchester OL2 6SD	£3,333	72	3	Detached House
£195K	04/21	0.37 mi	36, Otmoor Way, Royton, Oldham, Greater Manchester OL2 6SE	£2,891	67	3	Detached House
£195K	07/21	0.38 mi	9, Studley Close, Royton, Oldham, Greater Manchester OL2 6SG	£2,566	76	3	Detached House
£137K	09/23	0.39 mi	273, Turf Lane, Royton, Oldham, Greater Manchester OL2 6ET	£1,505	91	3	Terraced House
£193K	02/21	0.39 mi	279, Turf Lane, Royton, Oldham, Greater Manchester OL2 6ET	£2,032	95	3	Terraced House
£147K	12/20	0.39 mi	451, Shaw Road, Royton, Oldham, Greater Manchester OL2 6PB	£1,771	83	3	Semi-Detached House
£177.5K	12/20	0.39 mi	11, Wesley Street, Royton, Oldham, Greater Manchester OL2 6ES	£1,707	104	3	Semi-Detached House
£167K	10/23	0.4 mi	10, Percival Walk, Royton, Oldham, Greater Manchester OL2 6HE	-	-	3	Terraced House
£248K	12/22	0.4 mi	1, Studley Close, Royton, Oldham, Greater Manchester OL2 6SG	-	-	3	Detached House
£207K	02/21	0.41 mi	1, Crocus Drive, Royton, Oldham, Greater Manchester OL2 6QP	£4,059	51	3	Detached House
£199.9K	07/21	0.41 mi	15, Crocus Drive, Royton, Oldham, Greater Manchester OL2 6QP	£2,940	68	3	Semi-Detached House
£135K	11/23	0.43 mi	105, Shaw Road, Royton, Oldham, Greater Manchester OL2 6HA	£1,985	68	3	Semi-Detached House
£130K	08/21	0.44 mi	19, Dryclough Walk, Royton, Oldham, Greater Manchester OL2 6HD	-	-	3	Terraced House
£298.6K	11/21	0.45 mi	8, Manor Drive, Royton, Oldham, Greater Manchester OL2 6EZ	£4,206	71	3	Detached House
£205K	12/20	0.45 mi	14, Kerwood Drive, Royton, Oldham, Greater Manchester OL2 6BW	£2,733	75	3	Semi-Detached House
£160K	10/23	0.47 mi	35, Turf Close, Royton, Oldham, Greater Manchester OL2 6BZ	-	-	3	Terraced House

Local Rents

49 rents from £750/mo to £1.4K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,000	12/24	0.11 mi	-	3	Terraced House
£950	06/24	0.24 mi	Shaw Road, Royton, Oldham, Greater Manchester, OL2	3	Terraced House
£1,050	12/24	0.25 mi	-	3	Terraced House
£1,100	01/25	0.25 mi	-	3	Terraced House
£1,150	11/24	0.25 mi	-	3	Terraced House
£1,000	12/23	0.29 mi	-	3	Semi-Detached House
£1,000	06/24	0.58 mi	Oaklands Road, Royton	3	Terraced House
£1,125	04/25	0.65 mi	-	3	Terraced House
£1,075	04/25	0.65 mi	-	3	Terraced House
£1,150	04/25	0.69 mi	-	3	Semi-Detached House
£950	12/24	0.69 mi	-	3	Terraced House
£1,200	04/24	0.72 mi	-	3	Semi-Detached House
£895	06/24	0.72 mi	Chapel Lane, Royton, Oldham	3	Terraced House
£1,000	03/25	0.73 mi	-	3	Semi-Detached House
£1,400	07/24	0.76 mi	Goodwood Drive, Oldham, Stoneleigh Park	3	Detached House
£1,000	03/25	0.79 mi	-	3	Semi-Detached House
£900	01/25	0.79 mi	-	3	Semi-Detached House
£850	03/25	0.79 mi	-	3	Terraced House
£1,200	04/24	0.81 mi	-	3	Terraced House
£1,200	06/24	0.81 mi	-	3	Terraced House
£1,250	04/25	0.82 mi	-	3	Bungalow
£950	01/25	0.85 mi	-	3	Terraced House
£1,000	12/24	0.88 mi	The Co Operative, 151 Middleton Road	3	Flat
£1,100	12/24	0.9 mi	Church Street, Royton	3	Semi-Detached House
£1,200	06/24	0.91 mi	Flaxman Rise, Oldham, Greater Manchester, OL1	3	Semi-Detached House
£975	06/24	0.92 mi	Dogford Road, Royton	3	Flat
£950	06/24	0.98 mi	Yates Street, Derker, Oldham, OL1	3	Terraced House
£1,000	06/24	0.99 mi	Gracie Avenue, Oldham, Greater Manchester, OL1	3	Semi-Detached House
£1,100	06/24	1.02 mi	Rochdale Road, Royton, Oldham, Greater Manchester, OL2	3	Flat
£1,300	06/24	1.02 mi	Hodge Clough Road, Oldham, OL1	3	Detached House
£1,200	07/24	1.03 mi	Hayle Road, Oldham, Greater Manchester, OL1	3	Semi-Detached House
£1,350	10/24	1.05 mi	-	3	Semi-Detached House
£1,350	10/24	1.05 mi	-	3	Semi-Detached House
£1,300	02/25	1.05 mi	-	3	Semi-Detached House
£995	06/24	1.06 mi	Poynter Walk, Oldham, Greater Manchester, OL1	3	Terraced House
£900	06/24	1.06 mi	Poynter Walk, Oldham, OL1	3	Terraced House
£850	06/24	1.06 mi	-	3	Terraced House
£750	03/25	1.06 mi	-	3	Terraced House
£850	04/25	1.06 mi	-	3	Terraced House
£1,100	06/24	1.06 mi	Hill View Close, Oldham, Greater Manchester, OL1	3	Detached House
£995	06/24	1.07 mi	-	3	Terraced House
£995	06/24	1.07 mi	-	3	Terraced House
£1,050	02/25	1.07 mi	-	3	Terraced House
£1,300	11/24	1.08 mi	-	3	Terraced House
£1,100	12/24	1.09 mi	-	3	Terraced House
£895	06/24	1.1 mi	Beal Lane, Shaw	3	Flat
£1,300	06/24	1.11 mi	Denbydale Way, Royton, Oldham, Greater Manchester, OL2	3	Detached House
£1,015	12/24	1.13 mi	-	3	Terraced House
£1,150	04/25	1.14 mi	-	3	Terraced House

Local Area Statistics

Population in OL2	42,19342,193
Population in Oldham	182,174182,174
Town centre distance	0.97 miles away0.97 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.99 miles away0.99 miles away

Rental growth (12m)	+15%+15%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+41%+41%

Property History

Listed for £239,950

March 17, 2025

Floor Plans

Description

IDEAL FAMILY HOME +
RECENTLY RENOVATED & READY TO MOVE INTO +
POPULAR LOCATION +
OFF STREET PARKING & GARAGE +
EPC - D +
COUNCIL TAX - C +
FREEHOLD +

This stunning home has benefitted from a complete renovation throughout to a extremely high standard. A truly rare opportunity to acquire a ready done family home! - D

Ryder & Dutton are delighted to offer for sale this superbly presented family home located in a popular location.

Within walking distance of Blackshaw Primary School and Royton and Crompton High School, this fantastic home is also just a short distance from the amenities of both Royton, Shaw and Oldham.

Having been completely renovated over the past few years this ready to move in home is an absolute credit to the current owners. It should be ideal to many types of buyers.

Entering the property you have an entrance hall, spacious lounge, modern recently fitted kitchen/diner, three generous bedrooms and a white suite bathroom.

There is off street parking to the side for multiple cars leading to a good sized garage with electric door. There is also a lovely rear garden with patio and lawned areas.

This is truly a unique opportunity!

Agent Details

Ryder & Dutton, Royton and Shaw

0161 524 2734

Next Steps?

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

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