3 bedroom semi-detached house for sale

  • £160,000
  • 16.8% Rental Yield
  • 77 ALI
Woodstock Street, Oldham
For Sale

3 bedroom semi-detached house for sale

Woodstock Street, Oldham
  • £160,000
  • 16.8% Rental Yield
  • 77 ALI

Overview

Updated on September 21, 2023
  • Property Type
  • 3
  • Bedroom
  • 1
  • Bathroom
    • Sq Ft
  • Year Built

Description

**REDUCED** **CHAIN FREE** **THREE DOUBLE BEDROOMS** **IDEAL FOR INVESTORS/FIRST TIME BUYERS** **TO RENOVATE/REFURBISH** **DOWNSTAIRS WC** **PARKING TO REAR**
Presenting this three bedroomed semi detached property set in the Moston area. Potential for the successful buyer to renovate and refurbish to create their ideal home. The property comprises of entrance hallway, lounge, spacious kitchen, utility room/downstairs WC, three double bedrooms and shared family shower room with walk in shower. Externally presents a front lawned garden with gated access to a spacious rear garden with space for off road parking. Situated close to local amenities and schools such as St Matthews RC High. 15 minutes to Moston train stop for links between Rochdale and Manchester City Centre. Viewings highly recommended to envision the potential this property has to offer.

Hallway - 3.68m x 1.88m (12'1 x 6'2) -

Lounge - 3.30m x 4.39m (10'10 x 14'5) -

Kitchen - 3.10m x 5.33m (10'2 x 17'6) -

Downstairs Utility Room/Wc - 2.74m x 1.88m (9' x 6'2) -

Stairs -

Bedroom 1 - 3.10m x 4.32m (10'2 x 14'2) -

Bedroom 2 - 3.33m x 3.02m (10'11 x 9'11) -

Bedroom 3 - 2.08m x 3.25m (6'10 x 10'8) -

Family Bathroom - 1.63m x 2.46m (5'4 x 8'1) -

Externally - There is parking to the rear of the property.

Tenure - We have been advised by the vendors that the property is Freehold.

Stamp Duty - You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England and Northern Ireland.
You pay the tax when you:
• buy a freehold property
• buy a new or existing leasehold
• are transferred land or property in exchange for payment, for example you take on a mortgage
The threshold is where SDLT starts to apply. If you buy a property for less than the threshold, there’s no SDLT to pay.
The current SDLT threshold for residential properties is £250,000.
The threshold for non-residential land and properties is £150,000.
Thresholds Property Price SDLT Rate
Up to £250,000 0%
The portion between £250,001 to £925,000 5%
The portion between £925,001 to £1,500,000 10%
The portion over £1,500,001 12%

Example
In October 2021 you buy a house for £295,000. The SDLT you owe will be calculated as follows:-
0% on the first £125,000 = £0
2% on the next £125,000 = £2,500
5% on the final £45,000 = £2,250
Total SDLT = £4,750

How much you pay depends on whether the land or property is residential use or non-residential or mixed-use.
If you’re buying a residential property there are different rates of SDLT if:
• you’re a first-time buyer
• you already own a property and you’re buying an additional property
• you’re not a UK resident
You can use HM Revenue and Customs’ (HMRC) Stamp Duty Land Tax calculator to work out how much tax you’ll pay.
You may be able to reduce the amount of tax you pay by claiming relief, such as if you’re a first-time buyer or purchasing more than one property (‘multiple dwellings’).


First-time buyers:
From 1 July 2021, you’ll get a discount (relief) that means you’ll pay less or no tax if both the following apply:
• you, and anyone else you’re buying with, are first-time buyers
• the purchase price is £500,000 or less

Arical Liveability Index

77
Schools
Good
Restaurants
Average
Transport
Outstanding
Services
Good
Groceries
Good
Safety
Outstanding

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Predicted Rental Yield

16.8%

Rental yield is the return a property investor is likely to achieve on a property

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