2 Bed Terraced House, Refurb/BRRR, Oldham, OL2 8PH, £130,000

Beal Lane, Shaw, Oldham, Greater Manchester, OL2 8PH - 1 views - a month ago

Leasehold
Auction
Refurb/BRRR
ROI: 4%
~68 m²
+7 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,700

Refurb Costs

£28,758

Bridging Loan Interest

£3,413

Total Cash In

£74,120

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£145,237

Mortgage (After Refinance)

£108,927

Mortgage LTV

75%

Cash Released

£11,427

Cash Left In

£62,693

Equity

£36,309

Rent Range

£550 - £1,195

Rent Estimate

£869

Running Costs/mo

£648

Cashflow/mo

£221

Cashflow/yr

£2,656

ROI

4%

Gross Yield

8%













Local Rents

26 rents from £550/mo to £1.2K/mo, average is £898/mo.

RentDateDistanceAddressBeds 
£85012/240.24 miWild Street, Shaw2
£55012/240.25 mi-2
£55012/240.25 mi-2
£95012/240.26 mi-2
£69506/240.3 miMarket Street, Shaw, OL22
£97506/240.34 mi-2
£97506/240.34 miProvident Street, Shaw, Oldham, OL22
£85012/240.34 miCollinge Street, Shaw2
£1,00012/240.36 mi-2
£90010/240.37 mi-2
£97512/240.37 mi-2
£97506/240.37 miSt. James Street, Shaw, Oldham, OL22
£82512/240.37 miDurden Mews, Shaw2
£72012/240.38 mi-2
£90012/240.4 mi-2
£90001/250.4 mi-2
£95012/240.42 mi-2
£75006/240.43 mi6 Queen Street Shaw2
£90012/240.43 mi-2
£85001/250.44 mi-2
£89506/240.48 miFarrow Street, Shaw2
£87506/240.5 miHillside Avenue, Shaw2
£90001/250.56 mi-2
£85012/240.57 miLewis Street, Oldham2
£1,19504/250.59 mi-2
£85006/240.6 miArthur Street, Shaw2

Local Area Statistics

Population in OL2

42,193

Population in Oldham

182,174

Town centre distance

1.88 miles away

Nearest school

0.30 miles away

Nearest train station

0.14 miles away

 

 

Rental growth (12m)

+15%

Sales demand

Balanced market

Capital growth (5yrs)

+41%

Property History

Listed for £130,000

March 26, 2025

Floor Plans

Description

  • 2 well sized bedrooms with the main bedroom duplicating the size of the living room and the second still giving ample space. +
  • The spacious lounge is bright and versatile, offering a perfect setting for relaxing or entertaining. +
  • The Kitchen is bright and spacious offering plenty of room to create your perfect cooking space. A great opportunity to design your ideal kitchen. +
  • The Bathroom is a spacious and functional room, offering plenty of potential. A great blank canvas to create your ideal space. +
  • The Outdoor Space offers ample room for two cars with easy access and off-street parking. A practical feature that adds convivence to your home. +
  • Located in the heart of Shaw, Beal Lane offers a peaceful, well-connected setting. With easy access to local shops, schools and public transport, this property provides the perfect (truncated) +
  • Perfect for investors, offering great potential for rental income or future development. With its prime location and strong demand in the area, its a smart addition to any property portfolio. +
  • This property is ideal for first time buyers, offering a great opportunity to step onto the property ladder. With its spacious layout and convenient location, its the perfect starter home (truncated) +

Fantastic Investment Opportunity – Two-Bedroom Terraced Home in Shaw

Situated in a sought-after location within walking distance of Shaw Town Centre and the tram stop, this two-bedroom terraced property offers an excellent opportunity for investors or those looking for a renovation project. Requiring modernization throughout, this home has great potential to be transformed to suit a variety of needs.

Upon entering, you are welcomed into a generously sized living room, providing a comfortable space with plenty of natural light. To the rear of the property, the kitchen offers direct access to the outside space and has ample potential for redesign.

Upstairs, the property features two well-proportioned bedrooms, each offering versatility for a range of layouts. A family bathroom completes the first floor, providing scope for refurbishment to modern standards.

Externally, the property benefits from off-road parking to the rear, a highly desirable feature in the area. With its fantastic location close to local shops, cafes, and excellent transport links, this property is ideal for buy-to-let investors, developers, or those looking to create a home tailored to their style.

Don’t miss out on this exciting opportunity—contact us today to arrange a viewing!

Note:
* This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £349 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements:
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

SHA250065/2

Agent Details

Your Move, Shaw

01706 586783

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.