Looking for a second opinion on this one 👀
I’ve been analysing this off-market 2-bed terrace in Rochdale and wanted to get everyone’s thoughts.
My numbers currently are:
- Purchase target: £120k
- Current value: ~£140k (conservative)
- Potential open market value: £150k in its current condition if marketed well.
Assuming the rent stacks, I think this could make a solid buy-to-let with around £20-30k equity from day one.
Am I being too optimistic on the valuation, or too conservative?
I’d really appreciate your thoughts on:
- What do you think the property is worth today?
- What would you be looking to secure it for?
- Would you buy this as a BTL at £120k?
I’ve attached the overview of the property. Please ignore the value on pdf. Keen to hear everyone’s feedback