9 Bowler Street, Shaw, Oldham, OL2 7SL

Description

A three bedroom end of terraced property. Whilst the property has undergone some improvements, with some finishing off required internally, on inspection it was noted there were several cracks visible inside and outside of the property. Potential bidders are advised to carry out their own research in this regard prior to bidding.

Accommodation

Entrance hall, lounge, kitchen, three bedrooms and a bathroom. Ground floor: living room and kitchen. First floor: bedroom one, bedroom two, bedroom three and bathroom. Gardens to the front and rear.

Location

Located within the sought-after district of Shaw, conveniently situated for access to local schools, local amenities and links provided by the town centre.

Tenure / Property Information

Investment Analysis

Sold evidence on the same street ranges from £150,000 to £175,000 in 2024–2026, with the subject previously selling for £134,000 in 2022. A base GDV of £160,000 is estimated, subject to investigation of the reported internal and external cracks and completion of outstanding works.

Investment Snapshot

Strategy Recommendation

Proceed only after satisfactory structural investigation, legal-pack review and a fully costed works schedule. Do not bid solely on the apparent guide-price discount.

Works Required

Complete the identified internal finishing works. Investigate and remedy the reported internal and external cracks before committing to works or resale. No quantified refurbishment scope is supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £160,000 base GDV, 75% refinancing equates to £120,000. Cash requirements cannot be established because refurbishment costs and full acquisition disbursements are unknown. Structural and legal due diligence is essential.

Buy-to-Let Analysis

Advertised asking rents for comparable three-bedroom properties are £1,000–£1,295 pcm; no achieved or passing rent is supplied. At the £125,000 guide, the gross yield range is approximately 9.60%–12.43% before works, finance, tax and other costs. The cracks create material uncertainty.

Flip Analysis

The evidence supports a broad resale value range of £150,000–£175,000, with £160,000 as a base estimate. A flip surplus cannot be calculated because refurbishment costs and potential selling costs are not supplied.

Investor Risks & Due Diligence

• Internal and external cracks may indicate an unresolved structural issue.

• Refurbishment scope and cost are not quantified.

• Lease terms and other legal-pack disbursements are not supplied.

• Rental figures are advertised asking rents, not achieved or passing rents.

• Special conditions may impose additional seller, legal, transfer or other costs.

Recommendation

Proceed only after satisfactory structural investigation, legal-pack review and a fully costed works schedule. Do not bid solely on the apparent guide-price discount.

Strategy Rating

Analysis Confidence

Strong same-street sold evidence and rental asking evidence are available, but the reported cracks, incomplete works, lease details, refurbishment costs and full purchase disbursements are unresolved.