36 Arthur Street, Rochdale, OL12 6SJ

Description

This spacious terraced property has been stripped back to brick ready for an experienced developer to take over and bring the building back to life.

Accommodation

The layout as it currently stands includes an entrance hall, two rooms downstairs, three rooms to the first floor and a large dormer to the second floor.

Location

Located in a highly convenient position which is close to Rochdale Town Centre, with shops, schools and transport links all within easy reach.

Tenure / Property Information

Investment Analysis

Evidence includes same-street completed sales of £107,000 and £113,500, plus the subject's prior £65,000 sale in 2019. The property is now stripped to brick, so refurbishment costs and completed value are uncertain. A base GDV of £107,000 is used cautiously.

Investment Snapshot

Strategy Recommendation

Proceed only after full inspection and legal-pack review confirms refurbishment scope and costs. The guide-versus-GDV spread is insufficiently reliable for an unconditional flip or BRRR purchase.

Works Required

Complete the refurbishment from the stripped-to-brick shell, including internal finishes, services, kitchen, bathroom, heating and certification as required. Exact scope and costs require inspection and the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance of the £107,000 base GDV implies £80,250. Cash left in cannot be calculated because refurbishment costs and other completion costs are unknown. BRRR viability is therefore unproven.

Buy-to-Let Analysis

The supplied advertised asking rent is £950 pcm, equating to £11,400 annually and a 12.67% gross yield against the £90,000 guide. However, refurbishment costs, finance, operating costs and achievable rent are unverified, so net returns cannot be established.

Flip Analysis

The evidence supports a cautious GDV range of £107,000 to £113,500 based on same-street sales, but the £65,000 subject sale indicates downside risk. No flip surplus can be calculated without refurbishment, legal, finance and selling costs.

Investor Risks & Due Diligence

• Unknown refurbishment scope and cost for a property stripped to brick.

• Completed values are based on limited and historical same-street comparables.

• The £65,000 prior subject sale indicates significant downside or condition risk.

• The £950 pcm figure is an advertised asking rent, not achieved rent.

• Additional seller, legal, transfer and other completion costs may apply.

Recommendation

Proceed only after full inspection and legal-pack review confirms refurbishment scope and costs. The guide-versus-GDV spread is insufficiently reliable for an unconditional flip or BRRR purchase.

Strategy Rating

Analysis Confidence

There are relevant same-street sales and one rental listing, but the property is stripped to brick and refurbishment, occupancy, services, finance and further purchaser costs are not evidenced.