Sold Terraced

15 MAGDALA STREET

HEYWOOD, GREATER MANCHESTER OL10 2HN

2 beds 1 baths 71 m² Listed 5 Jun 2023 (-1141d)

£90,000

Guide Price

Reduced on 10 Aug 2023

Save

Listing type

Auction

PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY PHOTOGRAPHY

/ 8

Property details

Listing category

Auction

Tenure

LEASEHOLD

Floor area

71 m²

Council tax band

A

Last sold

£96,500 Oct 2023

Local average

£155,636 (-42.2%)

Deprivation

Decile 5 (14,440 of 33,755)

Street crime

1 incident within 1 mile (May 2026)

Additional details

Garden
Yes

Description

*CHAIN FREEREFURBISHMENT REQUIREDFANTASTIC LOCAL AMENITIES*

*PLEASE NOTE, THE ONLINE AUCTION WILL CLOSE ON 14/8 AT 12.00. TO REGISTER AND BID, PLEASE FOLLOW THIS LINK… *

This home is offered to market chain free!! The home would be vacant possession and is a must see! The home is priced competitively to attract early attention! The property would make an ideal purchase for a investor, first time buyer or even family's looking to downsize. The home comprises entrance into the reception room, kitchen dining space to the rear along with two generous bedrooms and family bathroom to the first floor. The property further benefits rear yard. This home is positioned within close proximity to local schools, amenities and transport links and is sure to generate mass interest, move fast if you want to be in with a chance of securing this one! CALL TODAY TO ARRANGE YOUR VIEWING!!
Awaiting EPC!

For Sale by Modern Auction – T & C’s apply
For sale is this two bedroom mid terrace located in Dinnington. The property is in need of a complete refurbishment but once done would make a perfect rental property. Great investor opportunity!!!

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.20% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

SHA220496/2

Listed by

Shaw

National Home Move - LSL Franchise

Reference: 135707834

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

FLOOR-PLAN

FLOOR-PLAN

Price history

Event Date Price % change
Sold 27/10/2023 (2 years ago) £96,500

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
26 SIDDALL STREET, HEYWOOD, ROCHDALE, GREATER MANCHESTER, OL10 2AS £173,000 09/01/2026 Terraced
56 MIDDLETON ROAD, HEYWOOD, ROCHDALE, GREATER MANCHESTER, OL10 2HX £105,000 11/12/2025 Terraced
16 CHARLES STREET, HEYWOOD, ROCHDALE, GREATER MANCHESTER, OL10 2HP £155,000 05/12/2025 Terraced
187 MANCHESTER ROAD, HEYWOOD, ROCHDALE, GREATER MANCHESTER, OL10 2PP £308,500 05/12/2025 Terraced
22 BYNG STREET, HEYWOOD, ROCHDALE, GREATER MANCHESTER, OL10 2JA £125,500 24/11/2025 Terraced
27 GREGGE STREET, HEYWOOD, ROCHDALE, GREATER MANCHESTER, OL10 2HD £177,000 14/11/2025 Terraced
71 MIDDLETON ROAD, HEYWOOD, ROCHDALE, GREATER MANCHESTER, OL10 2HY £155,000 25/09/2025 Terraced
24 SIDDALL STREET, HEYWOOD, ROCHDALE, GREATER MANCHESTER, OL10 2AS £67,500 30/06/2025 Terraced
8 CANAL STREET, HEYWOOD, ROCHDALE, GREATER MANCHESTER, OL10 2JR £120,000 20/12/2024 Terraced
45 LOCK CLOSE, HEYWOOD, ROCHDALE, GREATER MANCHESTER, OL10 2JS £142,500 27/10/2023 Terraced
66 GREGGE STREET, HEYWOOD, ROCHDALE, GREATER MANCHESTER, OL10 2HD £80,000 27/10/2023 Terraced
149A MANCHESTER ROAD, HEYWOOD, ROCHDALE, GREATER MANCHESTER, OL10 2HH £180,000 21/09/2023 Terraced
28 CANAL STREET, HEYWOOD, ROCHDALE, GREATER MANCHESTER, OL10 2JR £117,000 11/08/2023 Terraced
113 MANCHESTER ROAD, HEYWOOD, ROCHDALE, GREATER MANCHESTER, OL10 2HH £103,500 04/08/2023 Terraced
15 SIDDALL STREET, HEYWOOD, ROCHDALE, GREATER MANCHESTER, OL10 2AS £125,000 18/07/2023 Terraced
86 MIDDLETON ROAD, HEYWOOD, ROCHDALE, GREATER MANCHESTER, OL10 2HZ £167,500 26/05/2023 Terraced
63 MIDDLETON ROAD, HEYWOOD, ROCHDALE, GREATER MANCHESTER, OL10 2HY £177,500 26/05/2023 Terraced
49 MIDDLETON ROAD, HEYWOOD, ROCHDALE, GREATER MANCHESTER, OL10 2HY £110,000 05/05/2023 Terraced
109 MIDDLETON ROAD, HEYWOOD, ROCHDALE, GREATER MANCHESTER, OL10 2HY £135,000 17/04/2023 Terraced
24 BYNG STREET, HEYWOOD, ROCHDALE, GREATER MANCHESTER, OL10 2JA £57,500 02/03/2023 Terraced

Area average: £139,100 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 12.6%
10y growth 83.7%

House Price Index (HM Land Registry — official index, not sold-price averages): Rochdale. Series: Terraced. As of April 2026.

1y (index) 5.4%
5y (index) 37.3%
10y (index) 87.2%

Rental Range

Estimated market rent for Rochdale. Low = conservative, Realistic = average, Optimistic = best case.

Low £746/mo
Realistic £829/mo
Optimistic £912/mo

Based on Local Authority from postcode lookup → Rochdale.

Location

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop Manchester Road/Middleton Road 0.1 miles
Train station Heywood 0.4 miles
Shop Flow Aquatics 0.7 miles
Shop Unknown 0.7 miles
Train station Castleton 1.4 miles
Hospital SpaMedica Oldham 4.0 miles
Hospital The Christie at Oldham 4.2 miles
University UCEN Manchester (City Campus) 6.7 miles
University University of Law 7.3 miles

Street-level crime

Category Count
Violence and sexual offences 1
Total incidents 1

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Hopwood Community Primary School Primary 0.0 miles Outstanding — 20 Mar 2024
Newhouse Academy Secondary 0.3 miles Requires improvement — 15 May 2024
Harwood Park Primary School Primary 0.6 miles Good — 26 Mar 2024
Holy Family Roman Catholic and Church of England College Secondary 0.7 miles Good — 18 Jun 2013
St Joseph's Roman Catholic Primary School Rochdale, a Voluntary Academy Primary 0.7 miles Good — 20 May 2016

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
2 Bed Terraced House, Canal Street, OL10 £900/mo 2 0.08 miles OpenRent
2 Bed Terraced House, Byng St, OL10 £865/mo 2 0.11 miles OpenRent
2 Bed Terraced House, Torrington St, OL10 £750/mo 2 0.12 miles OpenRent
2 Bed Terraced House, Torrington Street, OL10 £750/mo 2 0.12 miles OpenRent
2 Bed Terraced House, Prince Street, OL10 £1,050/mo 2 0.66 miles OpenRent
2 Bed Terraced House, Tower Street, OL10 £900/mo 2 0.91 miles OpenRent

Average rent: £869/mo (6 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.98%
Max investor price (0.8%) £110,375
Target investor price (1%) £88,300
Gross yield 11.8%
Cost-to-rent ratio 8.5×
Monthly cashflow £415/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 19.1%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).