3 Cotswold Drive, Royton, Oldham, Lancashire, OL2 5HD

Description

Description Situated on a generous plot in a convenient area of Royton, is this three bedroom semi detached bungalow, which offers good size family living accommodation in the form of entrance porch, entrance hall, lounge, kitchen diner, downstairs bathroom WC and conservatory all to the ground floor, whilst to the first floor are three bedrooms, master with WC. Externally, to the front is a low maintenance Astro turf lawn, with block paved driveway for two cars leading to a detached garage with up and over door, power and lighting. To the rear is a lawn garden with patio and to the side is a further tiered patio garden with sunny aspect. This property is offered for sale with vacant possession and although acquiring some modernisation, offers excellent potential. In order to fully appreciate the quality of offer, a viewing is strongly recommended. ENTRANCE PORCH Of brick and UPVC construction with double glazed door and wooden inner door to hallway. ENTRANCE HALL With wooden flooring, radiator and stairs leading to first floor. LOUNGE - 17'9" (5.41m) x 16'5" (5m) Large reception room with feature gas fire and surround, radiator and two double glaze windows to front elevation. KITCHEN DINER - 10'10" (3.3m) x 10'8" (3.25m) With a range of wall and base units, integrated fridge freezer, oven, four ring Nef hob with extractor hood above, stainless steel sink unit with mixed tap, plumbed for washing machine, dining table, under stairs pantry, access to cellar, double glazed window to the rear and double glazed door leading to conservatory. CONSERVATORY - 9'10" (3m) x 8'2" (2.49m) Of brick and UPVC construction with radiator and double glazed door leading to rear garden. DOWNSTAIRS SHOWER ROOM Comprising of walk-in shower with shower off mixer tap, sink and WC, radiator, built-in storage cupboard, partially tiled walls and double glazed window to the side. FIRST FLOOR BEDROOM ONE - 14'5" (4.39m) x 13'2" (4.01m) Rear double bedroom with built-in wardrobes, two double glazed windows to rear and side and separate WC. BEDROOM TWO - 14'5" (4.39m) x 10'10" (3.3m) Front double bedroom with built wardrobes, radiator and two double glazed windows two front and side. BEDROOM THREE - 10'10" (3.3m) x 7'11" (2.41m) Good size third bedroom with radiator,under eaves storage, double glazed window to the side and loft access hatch with drop-down ladder leading to large boarded loft space. OUTSIDE Externally, to the front is a low maintenance Astro turf lawn, with block paved driveway leading to a detached garage with up and over door, power and lighting. To the rear is a lawn garden with patio and to the side is a further tiered patio garden with sunny aspect. Tenure freehold

Location

3 Cotswold Drive, Royton, Oldham, Lancashire, OL2 5HD

Investment Analysis

Investment Snapshot

Strategy Recommendation

Preferred strategy: Buy-to-Let / Resale. Confirm this against the legal pack, inspection, finance and local market evidence before bidding.

Works Required

• Obtain a condition / structural survey

• Electrical and heating checks

• Allow for decoration and repairs

• Kitchen and bathroom modernisation

• Flooring and full internal decoration

• Review tenancy documents, rent history and landlord compliance

HB initial works allowance: £5,850–£15,600. This is an investment-feasibility allowance, not a contractor quotation.

Rental & Market Context

No reliable current rent is stated in the supplied scrape. For initial appraisal only, HB estimates market rent at approximately £975–£1,200 pcm (£11,700–£14,400 pa). This is an HB estimate and should be verified against current local lettings.

GDV / Resale Analysis

HB indicative post-works / stabilised value range: £210,600–£237,900. This is an appraisal estimate only, not a RICS valuation. Verify against recent genuinely comparable sold evidence.

Properties Sold Within Approx. 5 Miles

Specific sold transactions are not contained in the supplied scrape, so no unverified addresses or sold prices have been inserted. Check recent Land Registry / local comparable evidence before setting a maximum bid.

Potential BRRR Position

Illustrative middle case: guide £195,000 plus midpoint works of £10,725 gives about £205,725 before acquisition/finance costs. At the midpoint HB value of £224,250, an illustrative 75% refinance is about £168,188, leaving approximately £37,538 of purchase/works capital before transaction costs.

Flip Analysis

Midpoint HB value £224,250 less guide and midpoint works gives an initial gross spread of about £18,525. This is not profit: SDLT, auction fees, legal fees, finance, holding costs, utilities, insurance, selling fees and contingency must also be deducted.

Investor Risks & Due Diligence

• Review the full legal pack, title and special conditions

• Confirm buyer's premium / auction administration charges and completion timetable

• Obtain a suitable condition or structural survey

• Verify refurbishment quotations and contingency

• Verify current rental evidence and recent comparable sales

• Confirm lender requirements, valuation and exit finance

Recommendation

Initial recommendation: Buy-to-Let / Resale. Proceed only if the legal pack, condition, funding and exit-value evidence support the proposed maximum bid.

Strategy Rating

Buy-to-Let: ★★★★☆ | BRRR: ★★★☆☆ | Flip/Resale: ★★★☆☆