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Selling Agent
Sourced Manchester Central

Rare Portfolio – 5 x 4 Bed Rental Houses in Rochdale

You can either purchase the full portfolio or purchase a single unit and benefit from great rentals yields and capital appreciation in Rochdale.
Guide Price
£625,000

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Key Features

  • Easy to manage portfolio
  • Great capital appreciation
  • Rare opportunity
  • All properties located on the same street
  • Located in a high rental yield area

The Property

Sourced are thrilled to present this rare house portfolio opportunity. These easy to manage properties consist of 5 x 4 bed houses with gardens, 1 of these properties is detached and 4 are semi-detached. All properties are in fantastic condition with little work, if any required.

You can either purchase the full portfolio or purchase a single unit and benefit from great rentals yields and capital appreciation in Rochdale.

Planning Information

N/A

The Plan

Rare opportunity to acquire a 5 house portfolio in Rochdale all on the same street.

Purchase full portfolio or a single unit and benefit from great rentals yields & capital appreciation in Rochdale.

The Financials:

Purchase price (for whole portfolio): £625,000
Purchase price (per house): £125,000
Detached property: £150,000
Semi-detached properties (each): £135,000
Sourcing fee (whole portfolio): 2%
Sourcing fee (per house): £4,000

The Location

Properties in Rochdale had an overall average price of £163,261 over the last year.

The majority of sales in Rochdale during the last year were terraced properties, selling for an average price of £115,873. Semi-detached properties sold for an average of £155,399, with detached properties fetching £282,323.

Overall, sold prices in Rochdale over the last year were 3% up on the previous year and 8% up on the 2017 peak of £150,712.

Average estimated value for a house in OL16 5NE

£163,261

Like several of the towns around Manchester, Rochdale is a former textile town that was hit hard by the decline of the textile industry. However, there’s been much regeneration and more is underway. For example, a recent scheme opened up a smart waterfront area in the town centre, alongside the River Rochdale.

Plus points for investors in Rochdale are its transports links:
Rochdale is on the Metro link tram network, has up to five fast trains an hour into Manchester Victoria and is right on the M62. The huge Kingsway Business Park provides lots of employment and is undergoing expansion.

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