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Springfield Lane, Hurstead, Rochdale, OL16 2RS

North West

£250,000

Listed on 27/05/2026

Property Details

Bedrooms
3
Type
Detached
Area
936 sqft

Description

This three-bedroom detached house, positioned in a serene location, presents an excellent opportunity for those looking to invest in a property with significant renovation potential. The home features a spacious layout that includes two reception rooms and a conservatory, all of which require modernisation to enhance functionality and aesthetic appeal. Inside, you will find a hallway leading to a lounge equipped with a gas fire, a separate dining room, and a kitchen with basic fittings awaiting upgrades. On the first floor, three well-sized bedrooms share access to a family bathroom. Externally, the property offers a small lawned area at the front along with off-road parking on the driveway. The rear garden is particularly spacious and secluded with ample room for improvement or landscaping projects. Located conveniently near local amenities and transport links, this house could transform into an ideal family home after thoughtful renovations.

Investment Analysis

(OL16 area)

Above Market Value

This property is priced +18.7% above area average per sq ft

+18.7%
This Property
£267/sq ft
Area Average
£225/sq ft
Avg Rent (weekly)
£217
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£231,763
10% above area average per sq ft
Potential ROI
-20.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (OL16)

Area prices are falling by -2.9% over the last 12 months
3 year growth: +6.1%
5 year growth: +27.0%
Investment Disclaimer: Analysis based on OL16 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

Springfield Lane, Hurstead, Rochdale, OL16 2RS
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£892
Based on a loan of £187,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

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