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Villa Road, Oldham

North West

£189,000
Listed on 04/02/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
979 sqft

Description

This end terrace house presents a valuable opportunity for renovation enthusiasts or first-time buyers looking to create their ideal home. While the property requires some updating, its generous layout and structural integrity offer significant potential for enhancement. Inside, the accommodation includes an entrance hallway that leads into a spacious lounge, perfect for relaxing or entertaining. The adjacent dining room, featuring French doors that open to the rear garden, allows for easy indoor-outdoor living. The kitchen is functional, equipped with fitted wall and base units along with essential appliances, making it a suitable space to start crafting your vision. The property boasts three well-sized bedrooms, along with a loft room that could serve various purposes such as a home office or additional storage. The family bathroom provides basic amenities but offers ample scope for modernization according to personal taste. Heating is provided by a gas central heating system and the space benefits from UPVC double glazing throughout, enhancing energy efficiency and comfort. Externally, the home features a small forecourt at the front and an enclosed garden at the rear, presenting opportunities for landscaping or gardening projects. Located in a community-oriented area with convenient access to local amenities and public transport links, this property not only invites you to make it your own but also represents sound investment potential. With long leasehold terms still available and low annual ground rent fees, this house could be transformed into a desirable residence or rental opportunity after renovations are completed.

Investment Analysis

(OL8 area)

Below Market Value

This property is priced -7.5% below area average per sq ft

-7.5%
Potential saving
This Property
£193/sq ft
Area Average
£209/sq ft
Avg Rent (weekly)
£253
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£224,857
10% above area average per sq ft
Potential ROI
+5.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (OL8)

Area prices are rising by +18.0% over the last 12 months
3 year growth: 30.2%
5 year growth: 65.8%
Investment Disclaimer: Analysis based on OL8 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

Villa Road, Oldham
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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
£692
Based on a loan of £141,750 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