2 Bed Flat, Single Let, Rochdale, OL11 3BZ, £120,000

184, Fairway, Rochdale, OL11 3BZ - 2 views - a month ago

Leasehold
BTL
ROI: 7%
57 m²
+1 photos

ValuationOvervalued

Sold Prices£65K - £449.9K
Sold Prices/m²£1K/m² - £2.2K/m²

 

 

Square Metres

57 m²
Price/m²£2.1K/m²

Value Estimate

£88,523

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£37,200

 

 

Cash Out

 

Rent Range

£695 - £990

Rent Estimate

£750

Running Costs/mo

£545

Cashflow/mo

£205

Cashflow/yr

£2,460

ROI

7%

Gross Yield

8%

Local Sold Prices

31 sold prices from £65K to £449.9K, average is £100K. £1K/m² to £2.2K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£102.5K10/230.02 miThe Oaklands, 206, Fairway, Rochdale, Greater Manchester OL11 3BZ2
£95K07/230.32 miThe Westcombe Building, 5, Sydney Barnes Close, Rochdale, Greater Manchester OL11 3DA2
£120K08/230.32 miThe Westcombe Building, 25, Sydney Barnes Close, Rochdale, Greater Manchester OL11 3DA2
£112.5K12/220.32 miThe Westcombe Building, 47, Sydney Barnes Close, Rochdale, Greater Manchester OL11 3DA2
£103K12/200.43 mi4, Maden View, Rochdale, Greater Manchester OL11 2XB2
£102K01/230.43 mi8, Maden View, Rochdale, Greater Manchester OL11 2XB2
£120K01/240.6 mi19, Abbott Street, Rochdale, Greater Manchester OL11 3HT2
£83K01/210.61 mi19, Ajax Street, Rochdale, Greater Manchester OL11 3HN2
£65K03/230.61 mi17, Ajax Street, Rochdale, Greater Manchester OL11 3HN2
£114.5K02/230.96 mi44, Hill Top Drive, Rochdale, Greater Manchester OL11 2RD2
£84K02/221.31 miFlat 9, Makin Court, Schofield Street, Heywood, Greater Manchester OL10 1DR2
£100K03/241.33 mi6, Schofield Street, Heywood, Greater Manchester OL10 1DH2
£110K09/211.46 mi28, Burnell Court, Heywood, Greater Manchester OL10 2NW2
£120K11/231.46 mi2, Burnell Court, Heywood, Greater Manchester OL10 2NW2
£90K05/241.58 mi4, Hornets Close, Rochdale, Greater Manchester OL11 2AH2
£88K08/241.59 mi11, Balderstone Road, Rochdale, Greater Manchester OL11 2AD2
£88K11/231.59 mi21, Balderstone Road, Rochdale, Greater Manchester OL11 2AD2
£100K03/231.6 mi2, Ford Gardens, Rochdale, Greater Manchester OL11 4DZ2
£92.5K11/221.61 mi62, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£88K05/221.61 mi60, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£73.5K05/211.62 mi30, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£93K11/221.62 mi12, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£100K05/221.62 mi42, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£95K02/231.62 mi24, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£92.5K12/231.62 mi64, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£90K03/221.62 mi6, Ford Gardens, Rochdale, Greater Manchester OL11 4DZ2
£101.5K07/221.62 mi14, Canberra Way, Rochdale, Greater Manchester OL11 2EL2
£449.9K02/221.84 mi1, Teal Court, Rochdale, Greater Manchester OL11 5RG2
£125K05/231.88 mi7, Hollin Well Close, Middleton, Manchester, Greater Manchester M24 5NH2
£100K04/211.88 mi3, Hollin Well Close, Middleton, Manchester, Greater Manchester M24 5NH2
£148K10/211.94 miFlat 3, Higher Fold, Stanycliffe Lane, Middleton, Manchester, Greater Manchester M24 2UT2

Local Rents

13 rents from £695/mo to £990/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£77512/240.22 mi57 Partington Street, Castleton OL11 3DG 2
£79504/250.25 mi-2
£75012/240.28 miNewchurch Street, Rochdale2
£99006/240.29 mi-2
£75012/240.33 mi25 Samuel Street, Castleton OL11 3EA 2
£75012/240.34 mi7 Ogden Street, Castleton, Rochdale OL11 3DY 2
£69511/230.34 mi-2
£90004/250.36 mi-2
£85006/240.39 miMelville Street, Rochdale - 2 BEDROOMS PLUS LOFT ROOM2
£90004/250.4 mi-2
£75012/240.44 mi12 Colwyn Street, Castleton, Rochdale OL11 3JH 2
£70006/240.53 mi3 Cherrington House, Cherrington Drive, Castleton OL11 2XS 2
£89512/240.54 miFoxhill Road, Castleton2

Local Area Statistics

Population in OL11

45,506

Population in Rochdale

128,851

Town centre distance

2.89 miles away

Nearest school

0.20 miles away

Nearest train station

0.26 miles away

 

 

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £120,000

March 26, 2025

Description

  • First Floor Apartment +
  • Refurbished Within the Last 12 Months +
  • Two Bedrooms +
  • Private Entrance +
  • Secluded Gated Development +
  • Close to Local Amenities +
  • Potential Rent of £750PCM +
  • Offered With Vacant Possession +
  • EPC Rating - C +
  • Council Tax Band - B +

SUMMARY
Martin & Co are delighted to offer FOR SALE this spacious TWO BEDROOM FIRST FLOOR Apartment within a private and secluded development, each apartment having their own entrance.

The apartment briefly comprises of an open plan lounge / modern fully fitted kitchen. The open plan living space is larger than most new build apartments, which is an obvious added benefit. The kitchen benefits from modern fitted units, oven, hob and extractor. There are two bedrooms (one double, one single), a modern bathroom suite with overhead shower and parking adjacent to the apartment.

The apartment is located within easy walking distance of Castleton Train Station and local amenities.

Please note - these pictures were taken after the refurbishment was done in 2024

KITCHEN AREA 9' 0" x 7' 6" (2.74m x 2.29m)
Modern fitted kitchen with base and wall units, integrated oven / hob / extractor fan, vinyl flooring, partially tiled walls and UPVC window. Included within the kitchen is also a washing machine, fridge and freezer.  

LOUNGE AREA 14' 10" x 16' 3" (4.52m x 4.95m)
Neutral decor, bay window area, carpet flooring, radiator and UPVC window  

BEDROOM ONE 9' 3" x 10' 3" (2.82m x 3.12m)
Neutral decor, carpet flooring, radiator and UPVC window  

BEDROOM TWO 5' 10" x 13' 8" (1.78m x 4.17m)
Neutral decor, carpet flooring, radiator and UPVC window  

BATHROOM 7' 6" x 5' 9" (2.29m x 1.75m) Tiled walls, vinyl flooring, three piece white suite, electric shower and glass shower screen  

EXTERNAL Externally the property benefits from a secluded location, with on site parking & well maintained communal gardens  

NEED A MORTGAGE?
Why be restricted to your current or high street lenders rates?

Especially when Martin & Co can introduce you to our Mortgage Advisor with access to a comprehensive panel of over 80 lenders, including a range of off market products, offering potential savings against your current lender.

Call today to arrange a ten-minute (no obligation) telephone consultation (at a time to suit you)

One quick call could potentially save you thousands of pounds over the course of your mortgage.

Please remember, your home is at risk if you do not keep up with your mortgage repayments.  

RESERVATION FEE
Should you be successful in your offer to purchase the property and in order to place the property "under offer", you may be required to complete a reservation agreement and pay a (refundable at completion) reservation fee, details available upon request.

Agent Details

Martin & Co, Rochdale & Oldham

01706 335881

Next Steps?

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