2 Bed Terraced House, Refurb/BRRR, Rochdale, OL16 2ES, £140,000

222D Buckingham Street, Rochdale, OL16 2ES - 1 views - 8 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 5%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£68K - £180K
Sold Prices/m²£957/m² - £3.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£87,550

 

 

End Value (After Refurb)

£124,625

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,500

Refurb Costs

£28,709

Bridging Loan Interest

£3,675

Total Cash In

£77,634

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£124,625

Mortgage (After Refinance)

£93,469

Mortgage LTV

75%

Cash Left In

£77,634

Equity

£31,156

Rent Range

£595 - £1,430

Rent Estimate

£952

Running Costs/mo

£600

Cashflow/mo

£352

Cashflow/yr

£4,226

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £68K to £180K, average is £110K. £957/m² to £3.4K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£105K12/220.05 mi85, Ramsay Street, Rochdale, Greater Manchester OL16 2EZ2
£140K01/230.09 mi10, East Street, Rochdale, Greater Manchester OL16 2EG2
£90K03/230.1 mi17, Oswald Street, Rochdale, Greater Manchester OL16 2LA2
£125K12/230.13 mi196, Entwisle Road, Rochdale, Greater Manchester OL16 2JY2
£70K04/210.14 mi65, Trafalgar Street, Rochdale, Greater Manchester OL16 2JL2
£80K04/230.15 mi37, Selby Street, Rochdale, Greater Manchester OL16 2LF2
£130.1K05/240.16 mi59, Hey Street, Rochdale, Greater Manchester OL16 2JS2
£110K12/200.17 mi39, Morley Street, Rochdale, Greater Manchester OL16 2LG2
£95K08/230.17 mi11, Morley Street, Rochdale, Greater Manchester OL16 2LG2
£116.5K03/230.2 mi34, Elliott Street, Rochdale, Greater Manchester OL12 0HF2
£103K02/230.28 mi106, Rugby Road, Rochdale, Greater Manchester OL12 0DZ2
£96K11/210.3 mi120, Rugby Road, Rochdale, Greater Manchester OL12 0DZ2
£117.5K11/220.3 mi98, Rugby Road, Rochdale, Greater Manchester OL12 0DZ2
£160K07/240.35 mi12, Waterside Lane, Rochdale, Greater Manchester OL16 2YD2
£98K03/210.37 mi2, Newbold Moss, Rochdale, Greater Manchester OL16 2YS2
£101K05/210.42 mi8, New Field Close, Rochdale, Greater Manchester OL16 2YJ2
£124K10/200.43 mi120, Park Road, Rochdale, Greater Manchester OL12 9BP2
£130K08/210.43 mi103, Park Road, Rochdale, Greater Manchester OL12 9BP2
£126.5K06/210.43 mi143, Croxton Avenue, Rochdale, Greater Manchester OL16 2YY2
£70K12/200.44 mi15, Tollgate Way, Rochdale, Greater Manchester OL16 2YQ2
£133K07/230.47 mi8, Eclipse Close, Rochdale, Greater Manchester OL16 2YU2
£68K09/230.47 mi7, Holroyd Street, Rochdale, Greater Manchester OL16 1SX2
£125.3K04/230.48 mi23, Higher Wheat Lane, Rochdale, Greater Manchester OL16 2YF2
£115K07/210.49 mi84, Ada Street, Rochdale, Greater Manchester OL12 0EQ2
£104K02/240.49 mi92, Ada Street, Rochdale, Greater Manchester OL12 0EQ2
£104K02/240.49 mi92, Ada Street, Rochdale, Greater Manchester OL12 0EQ2
£70K05/230.5 mi10, Rossall Road, Rochdale, Greater Manchester OL12 0EG2
£150K07/230.5 mi29, Rossall Road, Rochdale, Greater Manchester OL12 0EG2
£165K07/230.5 mi37, Rossall Road, Rochdale, Greater Manchester OL12 0EG2
£125K05/230.5 mi21, Reservoir Street, Rochdale, Greater Manchester OL16 2XH2
£169.9K03/230.5 mi1, Kathan Close, Rochdale, Greater Manchester OL16 5BZ2
£180K08/220.5 mi9, Kathan Close, Rochdale, Greater Manchester OL16 5BZ2
£68K10/210.5 mi34, Canon Street, Rochdale, Greater Manchester OL16 2TF2
£77K11/230.51 mi112, Belfield Road, Rochdale, Greater Manchester OL16 2XN2
£105.5K08/240.51 mi12, Reform Street, Rochdale, Greater Manchester OL12 0NE2
£135K01/240.52 mi84, Beswicke Royds Street, Rochdale, Greater Manchester OL16 2XD2
£135K01/240.52 mi84, Beswicke Royds Street, Rochdale, Greater Manchester OL16 2XD2
£85K06/210.52 mi8, Bishop Street, Rochdale, Greater Manchester OL16 2TE2
£130K06/240.52 mi20, Bishop Street, Rochdale, Greater Manchester OL16 2TE2
£90K01/210.53 mi7, Canon Street, Rochdale, Greater Manchester OL16 2TA2
£78K03/210.54 mi13, Blanche Street, Rochdale, Greater Manchester OL12 0EJ2
£113K07/240.54 mi19, Blanche Street, Rochdale, Greater Manchester OL12 0EJ2
£100K12/200.54 mi95, Maud Street, Rochdale, Greater Manchester OL12 0EL2
£118K12/210.54 mi95, Maud Street, Rochdale, Greater Manchester OL12 0EL2
£150K05/230.54 mi92, Greenbank Road, Rochdale, Greater Manchester OL12 0EN2
£110K01/240.55 mi103, Redcross Street, Rochdale, Greater Manchester OL12 0PR2
£128K07/240.56 mi9, Leamington Street, Rochdale, Greater Manchester OL12 0PT2
£89.5K06/210.56 mi276, Albert Royds Street, Rochdale, Greater Manchester OL16 2UE2
£100K01/230.56 mi16, Warwick Street, Rochdale, Greater Manchester OL12 9SW2
£75K02/240.56 mi24, Warwick Street, Rochdale, Greater Manchester OL12 9SW2

Local Rents

45 rents from £595/mo to £1.4K/mo, average is £885/mo.

RentDateDistanceAddressBeds 
£59512/240.13 mi-2
£82510/240.17 mi-2
£79508/230.17 mi-2
£90007/230.19 mi-2
£72506/240.27 miJohn Street, Rochdale, OL162
£1,38012/240.28 miNew Baillie Street, Rochdale, Greater Manchester, OL162
£1,35506/240.28 miNew Baillie Street, Rochdale, Greater Manchester, OL162
£1,35512/240.28 miNew Baillie Street, Rochdale, Greater Manchester, OL162
£1,43012/240.28 miNew Baillie Street, Rochdale, Greater Manchester, OL162
£1,33012/240.28 miNew Baillie Street, Rochdale, Greater Manchester, OL162
£1,41512/240.28 miNew Baillie Street, Rochdale, Greater Manchester, OL162
£1,40512/240.28 miNew Baillie Street, Rochdale, Greater Manchester, OL162
£1,30006/240.29 miDUO at Upperbanks, New Baillie Street, Rochdale, Greater Manchester, OL162
£1,42006/240.29 miDUO at Upperbanks, New Baillie Street, Rochdale, Greater Manchester, OL162
£1,30012/240.29 miNew Baillie Street, Rochdale, Greater Manchester, OL162
£79506/240.31 miRugby Road, Rochdale, Greater Manchester, OL122
£77501/250.32 mi-2
£67506/240.32 mi-2
£85012/240.38 mi-2
£85009/240.38 mi-2
£90004/250.38 mi-2
£79506/240.4 mi-2
£85012/240.4 mi-2
£80011/240.42 mi-2
£95006/240.46 miEclipse Close, Off Croxton Avenue, OL162
£65006/230.46 mi-2
£65009/230.46 mi-2
£75012/240.46 mi-2
£76002/250.46 mi-2
£92512/240.47 miBrook End, Rochdale2
£88012/240.49 miDrake Street, Rochdale, OL162
£1,10004/240.49 mi-2
£99505/240.49 mi-2
£88012/240.49 mi-2
£92512/240.49 mi-2
£92512/240.49 mi-2
£88501/250.49 mi-2
£99511/240.49 mi-2
£69006/240.51 mi45 Howard Street, Rochdale OL12 0PP 2
£92512/240.54 miBrookside Grange, Rochdale, OL162
£79509/240.55 mi-2
£90003/250.55 mi-2
£90011/240.56 mi-2
£77512/240.57 mi-2
£69506/240.57 miNewbold Hall Drive, Rochdale OL16 3AJ2

Local Area Statistics

Population in OL16

37,246

Population in Rochdale

128,851

Town centre distance

0.40 miles away

Nearest school

0.20 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £140,000

August 30, 2024

Floor Plans

Description

  • Terraced Property +
  • Two Bedrooms +
  • Two Reception Rooms +
  • Fitted Kitchen +
  • Two Bathrooms +
  • Enclosed Rear Yard +
  • On Street Parking +
  • Leasehold +
  • Council Tax Band: A +
  • EPC Rating: TBC +

A MODERN HOME READY FOR ANY BUYER

Welcome to Buckingham Street, Rochdale - a charming property that offers a perfect blend of modern living and convenience. This delightful house boasts two bedrooms, making it an ideal space for a small family or professionals looking for a comfortable home.

Step inside to discover a beautifully renovated interior with modern decor and appliances that are sure to impress even the most discerning buyer. The recent renovations have breathed new life into this property, creating a fresh and inviting atmosphere that you'll love coming home to.

Located in a prime spot, this house offers easy access to a range of local amenities, ensuring that everything you need is right at your doorstep. Whether you're looking to grab a quick bite to eat, do some shopping, or simply enjoy a leisurely stroll in the neighbourhood, you'll find it all within reach.

Don't miss out on the opportunity to make this house your new home. With its stylish interior, convenient location, and comfortable living spaces, Buckingham Street is a property that ticks all the boxes. Book a viewing today and experience the charm of this Rochdale gem for yourself.

Ground Floor -

Reception Room One - 4.24m x 4.01m (13'11 x 13'2) - UPVC double glazed entrance door, UPVC double glazed window, central heating radiator, two feature wall lights, wall mounted electric fire, TV point and door to reception room two.

Reception Room Two - 4.01m x 2.79m (13'2 x 9'2) - UPVC double glazed window, central heating radiator, wall mounted electric fire, TV point, stairs to first floor and door to kitchen.

Kitchen - 4.47m x 2.13m (14'8 x 7') - UPVC double glazed window, central heating radiator, mix of wall and base units, laminate worktops, space for freestanding cooker, extractor hood, tiled splash back, stainless steel sink with draining board and mixer tap, space for fridge freezer, plumbing for washing machine, vinyl flooring, door to shower room and UPVC door to rear.

Shower Room - 2.16m x 0.94m (7'1 x 3'1) - UPVC double glazed frosted window, central heating radiator, dual flush WC, wash basin with traditional taps, direct feed shower enclosed, tiled elevations and vinyl flooring.

First Floor -

Landing - 1.88m x 1.50m (6'2 x 4'11) - Loft access and doors to two bedrooms and bathroom.

Bedroom One - 3.99m x 3.73m (13'1 x 12'3) - UPVC double glazed window and central heating radiator.

Bedroom Two - 3.53m x 1.98m (11'7 x 6'6) - UPVC double glazed window and central heating radiator.

Bathroom - 1.85m x 1.80m (6'1 x 5'11) - UPVC double glazed frosted window, central heated towel rail, dual flush WC, pedestal wash basin with mixer tap, panel bath with traditional taps and rinse head and laminate flooring.

External -

Rear - Enclosed concrete yard with gate access to rear.

Agent Details

Keenans Estate Agents, Rochdale

01706 615022

Next Steps?

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