Potential 4-Bed HMO, Rochdale, OL11 2NY, £135,000

Queensway, Rochdale, OL11 2NY - 14 views - 14 days ago

HMO
ROI: 27%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£87K - £275K
Sold Prices/m²£839/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£164,700
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£8,150

Total Cash In

£41,900

 

 

Cash Out

 

Room Rate

£563

Gross Rent

£2,252

Running Costs/mo

£1,320

Cashflow/mo

£932

Cashflow/yr

£11,190

ROI

27%

Gross Yield

20%

Local Sold Prices

50 sold prices from £87K to £275K, average is £155.5K. £839/m² to £2.8K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£131K05/210.06 mi4, Chaucer Street, Rochdale, Greater Manchester OL11 2QG3
£118K10/200.09 mi64, Newchurch Street, Rochdale, Greater Manchester OL11 2UP3
£175K10/230.1 mi19, Albion Street, Rochdale, Greater Manchester OL11 2UT3
£130K02/240.11 mi68, St Martins Street, Rochdale, Greater Manchester OL11 2UW3
£87K01/230.15 mi56, Melville Street, Rochdale, Greater Manchester OL11 2UQ3
£98.5K10/200.16 mi32, St Martins Street, Rochdale, Greater Manchester OL11 2TB3
£185K09/210.18 mi100, Colne Street, Rochdale, Greater Manchester OL11 2UG3
£122K08/230.18 mi17, St Martins Street, Rochdale, Greater Manchester OL11 2TD3
£133K07/210.18 mi12, Alder Road, Rochdale, Greater Manchester OL11 2PP3
£128.8K10/210.18 mi10, Alder Road, Rochdale, Greater Manchester OL11 2PP3
£120K01/210.18 mi6, Alder Road, Rochdale, Greater Manchester OL11 2PP3
£180K05/230.18 mi45, Alder Road, Rochdale, Greater Manchester OL11 2PP3
£255K03/230.19 mi74, Hillcrest Road, Rochdale, Greater Manchester OL11 2QB3
£135K08/230.19 mi50, Hillcrest Road, Rochdale, Greater Manchester OL11 2QB3
£156K03/230.19 mi86, Hillcrest Road, Rochdale, Greater Manchester OL11 2QB3
£120K11/200.19 mi13, Kirklee Road, Rochdale, Greater Manchester OL11 2PN3
£120K07/240.2 mi756, Manchester Road, Rochdale, Greater Manchester OL11 3AW3
£148K10/230.21 mi10, Mavis Street, Rochdale, Greater Manchester OL11 3AZ3
£235K11/220.23 mi5, Leander Drive, Rochdale, Greater Manchester OL11 2XA3
£172K05/210.23 mi31, Leander Drive, Rochdale, Greater Manchester OL11 2XA3
£112K07/210.24 mi24, Samuel Street, Rochdale, Greater Manchester OL11 3EA3
£152.5K06/210.25 mi8, St Gabriels Close, Rochdale, Greater Manchester OL11 2TG3
£138.5K11/220.25 mi2, Oakland Terrace, Rochdale, Greater Manchester OL11 3BJ3
£200K10/230.26 mi47, Vicarage Road North, Rochdale, Greater Manchester OL11 2TF3
£155K11/220.27 mi100, Kirklee Road, Rochdale, Greater Manchester OL11 2PW3
£100K11/230.28 mi10, Ash Street, Rochdale, Greater Manchester OL11 3AP3
£195K11/220.3 mi1, Wasdale Street, Rochdale, Greater Manchester OL11 2TP3
£143K10/210.3 mi19, Wasdale Street, Rochdale, Greater Manchester OL11 2TP3
£159K02/210.3 mi1000, Manchester Road, Rochdale, Greater Manchester OL11 2TL3
£170K10/230.3 mi994, Manchester Road, Rochdale, Greater Manchester OL11 2TL3
£184.5K03/240.3 mi16, Pleasant Street, Rochdale, Greater Manchester OL11 3BE3
£163K03/210.3 mi20, Pleasant Street, Rochdale, Greater Manchester OL11 3BE3
£171K01/210.3 mi34, Pleasant Street, Rochdale, Greater Manchester OL11 3BE3
£189K10/210.3 mi32, Pleasant Street, Rochdale, Greater Manchester OL11 3BE3
£232.5K12/230.31 mi44, Stocks Street, Rochdale, Greater Manchester OL11 3DJ3
£210K05/210.32 mi4, Bates Close, Rochdale, Greater Manchester OL11 2TU3
£147K01/240.33 mi713, Manchester Road, Rochdale, Greater Manchester OL11 3AA3
£175K02/210.33 mi96, Fairway, Rochdale, Greater Manchester OL11 3BZ3
£127.5K10/200.33 mi127, Heywood Road, Rochdale, Greater Manchester OL11 3BT3
£137K01/210.33 mi129, Heywood Road, Rochdale, Greater Manchester OL11 3BT3
£185K11/230.36 mi20, Sydney Barnes Close, Rochdale, Greater Manchester OL11 3DA3
£190K12/230.39 mi13, Moor Park Avenue, Rochdale, Greater Manchester OL11 3JQ3
£125K02/240.42 mi80, Moor Park Avenue, Rochdale, Greater Manchester OL11 3JG3
£195K02/210.43 mi16, Keswick Street, Rochdale, Greater Manchester OL11 3AG3
£184K04/230.43 mi54, Keswick Street, Rochdale, Greater Manchester OL11 3AG3
£151K01/240.44 mi42, Fairway, Rochdale, Greater Manchester OL11 3BU3
£175K12/220.44 mi40, Fairway, Rochdale, Greater Manchester OL11 3BU3
£275K11/220.53 mi42, Lawnswood, Rochdale, Greater Manchester OL11 3HB3
£123K05/210.54 mi1054, Manchester Road, Rochdale, Greater Manchester OL11 2XJ3
£223.5K01/210.56 mi8, The Woods, Rochdale, Greater Manchester OL11 3NT3

Local Area Statistics

Population in OL11

45,506

Population in Rochdale

128,851

Town centre distance

2.59 miles away

Nearest school

0.10 miles away

Nearest train station

0.12 miles away

 

 

Rental growth (12m)

+56%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £135,000

March 28, 2025

Floor Plans

Description

  • Modern fitted kitchen +
  • End terraced +
  • 3 double en suite bedrooms +
  • 4 bathrooms +
  • Private rear yard +
  • Earning HMO +
  • Communal lounge +

Fantastic Investment Opportunity – 3-Bed, 4-Bath HMO with Tenants in SituA superb opportunity for investors! This well-presented end-terrace HMO is being sold with three paying tenants in situ, offering immediate rental income. Situated in a prime location for commuters, the property is just a short walk from Castleton Train Station with links to Manchester and Leeds and a short drive to the M62 motorway, providing excellent transport links to Manchester, Leeds, and beyond. The property comprises an entrance hall leading to a communal lounge and a modern fitted kitchen with a dining area. From here, there is access to the rear yard, which features two brick-built storage sheds. Also on the ground floor is a spacious double bedroom with its own en-suite shower room. Upstairs, the main shower room serves the property, alongside two further double bedrooms, each benefiting from en-suite facilities and dedicated study areas. This is a well-maintained and fully tenanted investment in a fantastic location—an excellent addition to any property portfolio. Contact us today to arrange a viewing!

Agent Details

Cornerstone Estates & Lettings Limited, Shaw

01706 619161

Next Steps?

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