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Stamford Road, Mossley

North West

£120,000
Listed on 03/10/2025

Property Details

Bedrooms
2
Type
Flat
Area
638 sqft

Description

This spacious ground-floor apartment, located in an attractive stone building in the desirable Mossley area, presents a unique investment opportunity. The property is offered with no vendor chain and is sold as seen, providing a blank canvas for those looking to personalize their living space or invest in a renovation project. The apartment features two double bedrooms, a lounge, kitchen, and bathroom, all arranged around a central hallway that connects the various living areas. While the interior is in need of some updating and repair, it offers ample potential for modernizing and enhancing its appeal. Access to the apartment is through a shared entrance leading into a communal hallway which serves three apartments. The layout includes a kitchen that features essential appliances such as a gas hob and extraction fan, alongside space for additional utilities. The lounge provides generous dimensions ideal for comfortable living or entertaining. Positioned within the highly sought-after Mossley area, residents can benefit from local amenities and transport links that enhance daily convenience. Furthermore, this property is leasehold with 978 years remaining on the lease, along with manageable annual ground rent and quarterly service charges. Overall, this apartment represents an excellent opportunity for homeowners looking to make their mark or for investors aiming to capitalize on renovation potential in a popular location.

Investment Analysis

(OL5 area)

Below Market Value

This property is priced -23.7% below area average per sq ft

-23.7%
Potential saving
This Property
£188/sq ft
Area Average
£247/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£173,099
10% above area average per sq ft
Potential ROI
+15.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (OL5)

Area prices are rising by +2.5% over the last 12 months
3 year growth: 4.7%
5 year growth: 14.8%
Investment Disclaimer: Analysis based on OL5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Stamford Road, Mossley
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£440
Based on a loan of £90,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE