44 Rosary Road, Oldham, OL8 2SL

Description

A three-bedroom end-terraced property offered with vacant possession and requiring clearance and refurbishment throughout. The property presents an opportunity for investors, builders and buyers looking for a renovation project with scope to add value through improvement and modernisation.

Accommodation

Living room, kitchen and additional rear room/utility area. To the first floor are three bedrooms and a family bathroom.

Location

Situated in an established residential area of Oldham, the property is well positioned for access to local amenities, schools and transport links, with convenient connections into Oldham town centre and surrounding areas.

Tenure / Property Information

Investment Analysis

The strongest evidence is the directly comparable 46 Rosary Road sale at £120,000 on 6 January 2026. The £145,000 sale at 82 Rosary Road is older, from June 2021, while the subject requires clearance and refurbishment throughout and the comparables' condition is not supplied. A cautious base GDV of £120,000 is therefore used, with £120,000 to £145,000 as an evidence-supported indicative range rather than a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only as a tightly controlled refurbishment project after a full survey, detailed works schedule and contractor quotations. The rent-to-guide relationship is attractive on paper, but the missing refurbishment and transaction costs prevent confirmation of BTL, BRRR or flip profitability.

Works Required

Clearance and refurbishment throughout, followed by improvement and modernisation of the existing living room, kitchen, rear room/utility area, three bedrooms and family bathroom. No detailed defects or specification are provided, so the works scope and cost require a survey and quotations.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £90,000 starting bid, the latest same-road sale supports a cautious £120,000 base GDV and 75% refinance proceeds of £90,000. However, refurbishment costs, buyer costs and finance costs are not supplied, so total project cost, equity requirement and cash left in cannot be established. Refinance viability depends on the completed condition achieving the assumed GDV and actual lender valuation.

Buy-to-Let Analysis

Using the auctioneer's estimated rent of £1,000–£1,150 pcm, annual gross rent is £12,000–£13,800 and gross yield on the £90,000 starting bid is approximately 13.33%–15.33%. The midpoint rent produces £12,900 annually and a 14.33% gross yield. This is before refurbishment, finance, management, maintenance, voids and other ownership costs, and the rental listings are asking rents rather than achieved rents.

Flip Analysis

A potential resale case exists because the latest same-road comparable sold for £120,000 and an older same-road sale reached £145,000. However, no refurbishment budget, selling allowance, buyer costs or comparable condition details are supplied, so a reliable flip surplus or maximum bid cannot be calculated. The £145,000 evidence is historical and should not be treated as a current valuation without further support.

Investor Risks & Due Diligence

• The property requires clearance and refurbishment throughout, but no costed works schedule or quotations are provided.

• The £120,000 GDV anchor is based on one recent same-road sale whose condition is not supplied.

• The £145,000 comparable is from 2021 and may not represent current value.

• Rental listings are advertised asking rents, and the auctioneer figure is an estimate rather than passing rent.

• EPC is on order, so the rating and any associated implications are unknown.

• Buyer premium, administration charge and other auction fees are not supplied.

Recommendation

Proceed only as a tightly controlled refurbishment project after a full survey, detailed works schedule and contractor quotations. The rent-to-guide relationship is attractive on paper, but the missing refurbishment and transaction costs prevent confirmation of BTL, BRRR or flip profitability.

Strategy Rating

Analysis Confidence

There is a recent direct same-road sale and auctioneer rent estimate, but the property's condition, refurbishment cost, comparable condition, achieved rent and buyer costs are not supplied.