5 Ravenside Park, Chadderton, Oldham, Lancashire

Description

Freehold semi-detached bungalow offered by order of a Housing Association. Ground floor accommodation comprising reception room, two bedrooms, kitchen and bathroom with WC. GIA approximately 50 sqm (538 sqft). Garden and driveway providing off-street parking.

Accommodation

Ground floor: reception room, two bedrooms, kitchen, bathroom with WC.

Location

Located on the north side of Ravenside Park. Nearby amenities include Spindles Oldham Shopping Centre to the north east. South Chadderton Tram Stop is approximately 0.8 miles south, Moston rail station approximately 1.8 miles south west, and the M60 motorway and A663 are accessible to the south. Coalshaw Green Park is nearby to the south.

Tenure / Property Information

Investment Analysis

The only supplied completed sale is 18 Ravenside Park, a freehold semi-detached property, sold for £90,000 on 10 September 2020. This is relevant same-road evidence but is dated and not the subject property. An indicative base GDV of £90,000 is therefore used cautiously; no current valuation or additional comparables are supplied.

Investment Snapshot

Strategy Recommendation

Proceed only after inspection, legal review and confirmation that the total acquisition cost is comfortably below the cautiously indicated £90,000 GDV. The supplied evidence is insufficient to support a BTL, BRRR or flip bid.

Works Required

No defects or required works are evidenced. Allowance cannot be estimated without a viewing, survey and specification. Confirm condition of the kitchen, bathroom, heating, electrics, roof, windows, external areas and driveway before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

An indicative 75% refinance of the £90,000 base GDV would be £67,500. The purchase, works and transaction costs are unknown, so required equity, cash left in and refinance viability cannot be calculated. A current valuation and confirmed acquisition costs are required.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable, auctioneer rent estimate, guide price, purchase price or refurbishment budget is supplied. Vacant possession is stated, but achievable rent remains unsupported.

Flip Analysis

A flip surplus cannot be calculated because there is no guide or purchase price, no refurbishment allowance, no selling-cost allowance and no current resale evidence. The £90,000 GDV is based only on a dated 2020 same-road sale and should not be treated as a confirmed resale value.

Investor Risks & Due Diligence

• The only comparable sale is dated September 2020 and may not represent current market value.

• No guide price or purchase figure is supplied, so maximum bid and project economics cannot be calculated.

• No condition or refurbishment evidence is supplied; unknown works could materially affect returns.

• No sufficiently specific rental evidence is supplied, so rental income and yield cannot be established.

• Additional seller or third-party charges may apply, but no amounts are provided.

Recommendation

Proceed only after inspection, legal review and confirmation that the total acquisition cost is comfortably below the cautiously indicated £90,000 GDV. The supplied evidence is insufficient to support a BTL, BRRR or flip bid.

Strategy Rating

Analysis Confidence

The property description, tenure, vacancy, size and one relevant completed sale are supplied, but the comparable is dated and there is no guide price, condition evidence, rental evidence, buyer fees or current valuation.