2 Bed Terraced House, Refurb/BRRR, Rochdale, OL12 9RT, £100,000

LOUISE STREET, Smallbridge, Rochdale OL12 9RT - 3 views - 21 days ago

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

ValuationFair Value

Sold Prices£52K - £232K
Sold Prices/m²£897/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£101,000

 

 

End Value (After Refurb)

£106,423

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Refurb Costs

£28,709

Bridging Loan Interest

£2,625

Total Cash In

£64,284

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£106,423

Mortgage (After Refinance)

£79,818

Mortgage LTV

75%

Cash Released

£4,818

Cash Left In

£59,467

Equity

£26,606

Rent Range

£700 - £925

Rent Estimate

£808

Running Costs/mo

£514

Cashflow/mo

£294

Cashflow/yr

£3,526

ROI

5%

Gross Yield

10%

Local Sold Prices

50 sold prices from £52K to £232K, average is £114K. £897/m² to £3.8K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£82K09/210.01 mi86, Louise Street, Rochdale, Greater Manchester OL12 9RT2
£125K08/210.06 mi53, Rhodes Street, Rochdale, Greater Manchester OL12 9RP2
£86K06/230.1 mi4, Royal Street, Rochdale, Greater Manchester OL16 2PU2
£90K12/230.1 mi3, Royal Street, Rochdale, Greater Manchester OL16 2PU2
£110K02/230.11 mi8, Windham Street, Rochdale, Greater Manchester OL16 2PY2
£150K09/230.2 mi6, Howarth Cross Street, Rochdale, Greater Manchester OL16 2PB2
£75K12/200.21 mi7, Brickfield Street, Rochdale, Greater Manchester OL16 2PD2
£110K12/200.22 mi6, Howarth Cross Street, Rochdale, Greater Manchester OL16 2PB2
£232K01/230.26 mi13, Wheelwright Drive, Rochdale, Greater Manchester OL16 2QQ2
£102K04/210.38 mi79, Ashbrook Hey Lane, Rochdale, Greater Manchester OL12 9AQ2
£100K01/230.39 mi16, Warwick Street, Rochdale, Greater Manchester OL12 9SW2
£75K02/240.39 mi24, Warwick Street, Rochdale, Greater Manchester OL12 9SW2
£85K04/210.39 mi6, Ann Street, Hurstead, Rochdale, Greater Manchester OL12 9AP2
£90K01/210.41 mi7, Canon Street, Rochdale, Greater Manchester OL16 2TA2
£140K08/210.43 mi11, Spinners Gardens, Wardle, Rochdale, Greater Manchester OL12 9HL2
£122K04/240.43 mi20, Greengate Close, Rochdale, Greater Manchester OL12 9PX2
£85K06/210.43 mi8, Bishop Street, Rochdale, Greater Manchester OL16 2TE2
£130K06/240.43 mi20, Bishop Street, Rochdale, Greater Manchester OL16 2TE2
£125.6K11/200.44 mi12, Spinners Gardens, Wardle, Rochdale, Greater Manchester OL12 9HL2
£68K10/210.45 mi34, Canon Street, Rochdale, Greater Manchester OL16 2TF2
£159.9K12/200.5 mi1, Springfield Lane, Rochdale, Greater Manchester OL16 2RS2
£166K01/240.54 mi34, Syke Road, Rochdale, Greater Manchester OL12 9TB2
£124K10/200.55 mi120, Park Road, Rochdale, Greater Manchester OL12 9BP2
£130K08/210.55 mi103, Park Road, Rochdale, Greater Manchester OL12 9BP2
£78K03/210.55 mi13, Blanche Street, Rochdale, Greater Manchester OL12 0EJ2
£113K07/240.55 mi19, Blanche Street, Rochdale, Greater Manchester OL12 0EJ2
£78K02/210.56 mi4, Frances Street, Rochdale, Greater Manchester OL16 2SA2
£91.5K04/210.56 mi2, Frances Street, Rochdale, Greater Manchester OL16 2SA2
£128.5K04/230.56 mi13, Frances Street, Rochdale, Greater Manchester OL16 2SA2
£52K02/240.56 mi23, Frances Street, Rochdale, Greater Manchester OL16 2SA2
£143K12/220.57 mi570, Halifax Road, Rochdale, Greater Manchester OL16 2RZ2
£120K02/210.59 mi26, Bower Avenue, Rochdale, Greater Manchester OL12 9QW2
£170K06/240.59 mi12, Bower Avenue, Rochdale, Greater Manchester OL12 9QW2
£195K11/220.6 mi24, Bower Avenue, Rochdale, Greater Manchester OL12 9QW2
£115K07/210.61 mi84, Ada Street, Rochdale, Greater Manchester OL12 0EQ2
£104K02/240.61 mi92, Ada Street, Rochdale, Greater Manchester OL12 0EQ2
£104K02/240.61 mi92, Ada Street, Rochdale, Greater Manchester OL12 0EQ2
£90K11/200.61 mi2, Mary Street, Rochdale, Greater Manchester OL16 2SE2
£100K12/200.62 mi95, Maud Street, Rochdale, Greater Manchester OL12 0EL2
£118K12/210.62 mi95, Maud Street, Rochdale, Greater Manchester OL12 0EL2
£81.5K11/210.65 mi16, Dewhirst Road, Rochdale, Greater Manchester OL12 0AG2
£135K01/240.65 mi84, Beswicke Royds Street, Rochdale, Greater Manchester OL16 2XD2
£135K01/240.65 mi84, Beswicke Royds Street, Rochdale, Greater Manchester OL16 2XD2
£150K05/230.65 mi92, Greenbank Road, Rochdale, Greater Manchester OL12 0EN2
£70K05/230.65 mi10, Rossall Road, Rochdale, Greater Manchester OL12 0EG2
£150K07/230.65 mi29, Rossall Road, Rochdale, Greater Manchester OL12 0EG2
£165K07/230.65 mi37, Rossall Road, Rochdale, Greater Manchester OL12 0EG2
£105K12/220.66 mi28, Leyton Street, Rochdale, Greater Manchester OL12 0AW2
£125K01/210.67 mi19, Birch Avenue, Rochdale, Greater Manchester OL12 9QH2
£115K06/210.68 mi6, Glen Gardens, Rochdale, Greater Manchester OL12 0BU2

Local Rents

11 rents from £700/mo to £925/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£70007/230.1 mi-2
£79511/240.1 mi-2
£72512/240.11 miWindham Street, Rochdale, Greater Manchester, OL162
£70010/240.33 mi-2
£80003/250.33 mi-2
£77512/240.38 mi-2
£90003/250.42 mi-2
£92512/240.44 miBrookside Grange, Rochdale, OL162
£92512/240.53 miBrook End, Rochdale2
£79506/240.55 mi-2
£85012/240.55 mi-2

Local Area Statistics

Population in OL12

45,900

Population in Rochdale

128,851

Town centre distance

0.69 miles away

Nearest school

0.10 miles away

Nearest train station

0.97 miles away

 

 

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Listed for £100,000

March 24, 2025

Floor Plans

Description

  • Mid-Terraced House +
  • Two Bedrooms +
  • Two Reception Rooms +
  • Kitchen Extension +
  • Private Yard +
  • Not Overlooked +
  • In Need Of Modernisation +
  • Fantastic Potental +
  • Popular Yet Convenient Location +
  • No Chain +

Situated in a popular yet convenient location, this MID-TERRACED HOUSE offers fantastic potential whilst being within walking distance of Smithybridge train station, Hollingworth lake, Wardle & Littleborough villages and Rochdale town centre yet also has easy access to the motorway network.

Internally, the property may require some updating but does offers spacious first time buyer living accommodation comprising of TWO RECEPTION ROOMS, kitchen extension, TWO BEDROOMS and a three-piece bathroom. The property has gas central heating and double glazing throughout.

There is a private yard located at the rear and the property is not overlooked.

Agent Details

Reside Estate Agency, Rochdale

01706 335427

Next Steps?

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