37 Harewood Avenue, Rochdale, OL11 5TQ

Description

Freehold Detached House and Garage. The property requires complete modernisation and repair and is situated on a good size plot of approximately 5,239 sq ft.

Accommodation

Two floors comprising: First Floor: Bedroom (One), Bedroom (Two), Bedroom (Three), Shower Room/WC. Ground Floor: Entrance Hall, Living Room, Kitchen, Conservatory. Garage. Driveway providing off-street parking. Front garden. Garden at rear.

Location

Situated off Norden Way, close to local shopping facilities and a short drive from the amenities available in Rochdale Town Centre including Rochdale Train Station. Naden Valley is also nearby.

Tenure / Property Information

Investment Analysis

The only completed comparable is the same property, sold for £178,000 on 7 July 2026. This supports a base GDV of £178,000, but there is insufficient evidence to support separate low and high GDV scenarios. The guide is £165,000, before the £1,500 buyer premium, while the property requires complete modernisation and repair. No refurbishment cost evidence is supplied.

Investment Snapshot

Strategy Recommendation

Proceed only subject to a full building inspection, detailed refurbishment quotation and confirmation of all special-condition charges. Do not rely on the apparent guide-to-GDV margin alone.

Works Required

Complete modernisation and repair as stated in the description. Specific defects, specifications and costs are not provided, so no detailed works budget can be supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £165,000 guide, the known buyer premium makes the minimum stated acquisition cost £166,500 before refurbishment and other potential seller charges. A 75% refinance of the £178,000 base GDV would be £133,500. Cash required cannot be calculated because refurbishment and total project costs are unsupported.

Buy-to-Let Analysis

Advertised rental evidence is £1,150–£1,200 pcm, giving an indicative gross yield of 8.36%–8.73% against the £165,000 guide, before the buyer premium, refurbishment, finance, tax and operating costs. Achieved rent is not evidenced and total-cost yield cannot be established without a refurbishment budget.

Flip Analysis

The supported base GDV is £178,000. A flip surplus cannot be calculated because refurbishment costs, finance costs, selling costs and any applicable seller charges are not supplied. The £13,000 difference between the guide and the comparable sale is not sufficient evidence of profit after complete modernisation and repair.

Investor Risks & Due Diligence

• The property requires complete modernisation and repair, with no supported refurbishment budget.

• EPC is TBC.

• Rental figures are advertised asking rents rather than achieved rents.

• Additional seller charges may be payable under the special conditions, but details are not supplied.

• A separate market-value range and reliable flip surplus cannot be established from one comparable.

Recommendation

Proceed only subject to a full building inspection, detailed refurbishment quotation and confirmation of all special-condition charges. Do not rely on the apparent guide-to-GDV margin alone.

Strategy Rating

Analysis Confidence

The same-property completed sale and advertised rental evidence support the GDV and indicative rent analysis, but refurbishment, finance, selling-cost and special-condition evidence is incomplete.