3 Bed Terraced House, Single Let, Oldham, OL2 8SW, £100,000

90 Cowlishaw Lane, Shaw, Oldham, Greater Manchester, OL2, OL2 8SW - 2 views - 17 days ago

Leasehold

Auction

BTL

ROI: 17%

71 m²

+11 photos

ValuationUndervalued

Sold Prices	£95K - £305.5K
Sold Prices/m²	£990/m² - £4.1K/m²

Square Metres	71 m²
Price/m²	£1.4K/m²
Value Estimate	£122,000£122,000
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£25,000£25,000
Stamp Duty & Legal Fees	£6,200£6,200
Total Cash In	£31,200£31,200

Cash Out
Rent Range	£895 - £1,200£895 - £1,200
Rent Estimate	£961
Running Costs/mo	£525£525
Cashflow/mo	£436£436
Cashflow/yr	£5,236£5,236
ROI	17%17%
Gross Yield	12%12%

Local Sold Prices

50 sold prices from £95K to £305.5K, average is £180K. £990/m² to £4.1K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£145K	09/21	0.05 mi	22, Seville Street, Shaw, Oldham, Greater Manchester OL2 8SF	£1,768	82	3	Terraced House
£160K	12/20	0.08 mi	166a, Oldham Road, Shaw, Oldham, Greater Manchester OL2 8SZ	£2,105	76	3	Semi-Detached House
£130K	03/24	0.08 mi	6, Fenton Street, Shaw, Oldham, Greater Manchester OL2 8SX	£1,940	67	3	Terraced House
£225K	06/23	0.13 mi	3, Bickerstaffe Close, Shaw, Oldham, Greater Manchester OL2 7DF	£2,390	94	3	Semi-Detached House
£175K	11/20	0.13 mi	10, Bickerstaffe Close, Shaw, Oldham, Greater Manchester OL2 7DF	£2,215	79	3	Semi-Detached House
£130K	01/21	0.16 mi	41, Sumner Street, Shaw, Oldham, Greater Manchester OL2 8RY	£1,368	95	3	Terraced House
£130K	01/21	0.16 mi	41, Sumner Street, Shaw, Oldham, Greater Manchester OL2 8RY	£1,368	95	3	Terraced House
£180K	02/24	0.17 mi	48, Longley Street, Shaw, Oldham, Greater Manchester OL2 8RX	£2,173	83	3	Terraced House
£272K	08/22	0.18 mi	23, Luzley Brook Road, Royton, Oldham, Greater Manchester OL2 6SQ	£3,778	72	3	Detached House
£250K	12/23	0.18 mi	17, Luzley Brook Road, Royton, Oldham, Greater Manchester OL2 6SQ	£3,365	74	3	Semi-Detached House
£293K	08/23	0.18 mi	21, Luzley Brook Road, Royton, Oldham, Greater Manchester OL2 6SQ	£3,855	76	3	Detached House
£155K	06/23	0.2 mi	31, Scowcroft Lane, Shaw, Oldham, Greater Manchester OL2 7BB	£1,598	97	3	Semi-Detached House
£248K	12/22	0.21 mi	1, Studley Close, Royton, Oldham, Greater Manchester OL2 6SG	-	-	3	Detached House
£195K	04/21	0.23 mi	36, Otmoor Way, Royton, Oldham, Greater Manchester OL2 6SE	£2,891	67	3	Detached House
£165K	12/20	0.23 mi	50, Moor Street, Shaw, Oldham, Greater Manchester OL2 7BD	£2,063	80	3	Semi-Detached House
£220K	08/21	0.23 mi	56a, Moor Street, Shaw, Oldham, Greater Manchester OL2 7BD	-	-	3	Detached House
£235K	03/23	0.23 mi	20, Moor Street, Shaw, Oldham, Greater Manchester OL2 7BD	£2,582	91	3	Terraced House
£240K	01/24	0.24 mi	33, Otmoor Way, Royton, Oldham, Greater Manchester OL2 6SD	£3,333	72	3	Detached House
£195K	07/21	0.26 mi	9, Studley Close, Royton, Oldham, Greater Manchester OL2 6SG	£2,566	76	3	Detached House
£147K	12/20	0.26 mi	451, Shaw Road, Royton, Oldham, Greater Manchester OL2 6PB	£1,771	83	3	Semi-Detached House
£140K	03/23	0.26 mi	6, Twingates Close, Shaw, Oldham, Greater Manchester OL2 8PU	-	-	3	Terraced House
£250K	12/22	0.26 mi	41, Princess Road, Shaw, Oldham, Greater Manchester OL2 7AZ	-	-	3	Semi-Detached House
£200K	01/23	0.27 mi	34, Princess Road, Shaw, Oldham, Greater Manchester OL2 7AZ	£2,062	97	3	Semi-Detached House
£95K	01/21	0.27 mi	44, Queen Street, Shaw, Oldham, Greater Manchester OL2 8RW	£990	96	3	Terraced House
£207K	02/21	0.27 mi	1, Crocus Drive, Royton, Oldham, Greater Manchester OL2 6QP	£4,059	51	3	Detached House
£199.9K	07/21	0.27 mi	15, Crocus Drive, Royton, Oldham, Greater Manchester OL2 6QP	£2,940	68	3	Semi-Detached House
£151K	11/20	0.33 mi	30, Refuge Street, Shaw, Oldham, Greater Manchester OL2 8RH	£2,041	74	3	Terraced House
£165K	01/23	0.35 mi	17, St Marks Avenue, Royton, Oldham, Greater Manchester OL2 6NL	-	-	3	Terraced House
£305K	09/22	0.37 mi	30, Rushbury Drive, Royton, Oldham, Greater Manchester OL2 6LE	-	-	3	Detached House
£138.5K	01/21	0.38 mi	49, Farrow Street, Shaw, Oldham, Greater Manchester OL2 7AD	£2,098	66	3	Terraced House
£305.5K	09/23	0.4 mi	62, Bullcote Green, Royton, Oldham, Greater Manchester OL2 6NJ	£3,819	80	3	Detached House
£180K	07/21	0.4 mi	49, Bullcote Green, Royton, Oldham, Greater Manchester OL2 6NJ	-	-	3	Semi-Detached House
£236.5K	04/21	0.4 mi	6, The Avenue, Shaw, Oldham, Greater Manchester OL2 7HE	£2,815	84	3	Semi-Detached House
£138K	12/20	0.41 mi	11, Osborne Street, Shaw, Oldham, Greater Manchester OL2 7AB	£1,408	98	3	Terraced House
£153K	10/21	0.41 mi	19, Osborne Street, Shaw, Oldham, Greater Manchester OL2 7AB	£1,628	94	3	Terraced House
£140K	04/21	0.41 mi	9, Osborne Street, Shaw, Oldham, Greater Manchester OL2 7AB	£1,386	101	3	Terraced House
£222K	01/23	0.41 mi	2, Blackshaw Lane, Royton, Oldham, Greater Manchester OL2 6NT	£2,775	80	3	Semi-Detached House
£155K	12/21	0.45 mi	29, Perth Street, Royton, Oldham, Greater Manchester OL2 6LY	£1,761	88	3	Semi-Detached House
£185K	04/23	0.48 mi	65, Cornish Way, Royton, Oldham, Greater Manchester OL2 6JY	-	-	3	Semi-Detached House
£265K	11/23	0.48 mi	4, Annersley Avenue, Shaw, Oldham, Greater Manchester OL2 7HA	-	-	3	Semi-Detached House
£202.5K	08/23	0.48 mi	21, Manor Road, Shaw, Oldham, Greater Manchester OL2 7JH	£2,012	101	3	Terraced House
£242K	02/21	0.48 mi	22, Balmoral Avenue, Royton, Oldham, Greater Manchester OL2 6NY	£2,396	101	3	Semi-Detached House
£175K	08/21	0.48 mi	8, Balmoral Avenue, Royton, Oldham, Greater Manchester OL2 6NY	-	-	3	Semi-Detached House
£141K	03/21	0.5 mi	9, Chamber Road, Shaw, Oldham, Greater Manchester OL2 7AR	-	-	3	Terraced House
£173K	09/21	0.5 mi	17, Chamber Road, Shaw, Oldham, Greater Manchester OL2 7AR	£1,850	94	3	Semi-Detached House
£290K	10/22	0.5 mi	47, Chamber Road, Shaw, Oldham, Greater Manchester OL2 7AR	-	-	3	Detached House
£189.9K	10/21	0.52 mi	65, Helston Drive, Royton, Oldham, Greater Manchester OL2 6JT	-	-	3	Semi-Detached House
£179.9K	10/21	0.52 mi	44, Helston Drive, Royton, Oldham, Greater Manchester OL2 6JT	-	-	3	Semi-Detached House
£178K	11/21	0.52 mi	41, Helston Drive, Royton, Oldham, Greater Manchester OL2 6JT	£2,697	66	3	Semi-Detached House
£179.9K	02/21	0.52 mi	67, Helston Drive, Royton, Oldham, Greater Manchester OL2 6JT	£1,764	102	3	Semi-Detached House

Local Rents

11 rents from £895/mo to £1.2K/mo, average is £1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,125	04/25	0.08 mi	-	3	Terraced House
£1,000	03/25	0.18 mi	-	3	Semi-Detached House
£1,200	04/24	0.27 mi	-	3	Semi-Detached House
£950	01/25	0.27 mi	-	3	Terraced House
£1,100	12/24	0.51 mi	-	3	Terraced House
£895	06/24	0.53 mi	Beal Lane, Shaw	3	Flat
£1,150	11/24	0.53 mi	-	3	Terraced House
£1,000	12/23	0.54 mi	-	3	Semi-Detached House
£995	12/24	0.59 mi	-	3	Terraced House
£1,015	12/24	0.6 mi	-	3	Terraced House
£1,000	06/24	0.62 mi	-	3	Terraced House

Local Area Statistics

Population in OL2	42,19342,193
Population in Oldham	182,174182,174
Town centre distance	1.40 miles away1.40 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.59 miles away0.59 miles away

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

Property History

Listed for £100,000

March 28, 2025

Description

Key Features

Lot 186 for sale by auction on 16/04/2025
To view the property or see a virtual tour please refer to the full sales particulars on the auctioneers website
Lease with Approximately 851 Years Remaining
Subject to an Assured Shorthold Tenancy (Holding Over)
Ground Floor - Reception Room and Kitchen
First Floor - Three Bedrooms and Bathroom/WC
Rear Garden
Shaw and Crompton tram station offers direct services to Manchester city centre
Video Tour available below

Key Locations

The property is situated on the west side of Cowlishaw Lane, on the corner of Sarah Street
Shaw town centre offers a range of shops and amenities
Shaw and Crompton tram station is to the north which offers direct services to Manchester city centre
The A663 leads out to the M62 motorway which provides links to Leeds
Heyside Park is within walking distance of the property
Manchester Airport is located to the south west

Agent Details

Allsop, Auction

020 3879 5993

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.

3 Bed House, Single Let, Oldham, OL2 8SG

£189,950

3 views • 2 months ago • 93 m²

3 Bed House, Single Let, Oldham, OL2 6PH

£325,000

18 days ago • 93 m²

4 Bed House, Single Let, Oldham, OL2 8SZ

£239,950

2 views • a month ago • 129 m²

3 Bed House, Single Let, Oldham, OL2 6SQ

£259,950

2 views • 4 months ago • 74 m²