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Frederick Street, Oldham

North West

£250,000
Listed on 27/03/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
1829 sqft

Description

This substantial three-story mid-terrace property presents a unique opportunity for renovation and investment. While the home requires comprehensive refurbishment, it has retained many original features that can be highlighted during a restoration process. The internal layout includes an entrance hallway leading to three spacious reception rooms, providing versatile living space. The kitchen connects seamlessly to the dining area, making it suitable for family gatherings or casual entertaining. There are four well-proportioned bedrooms, with the largest offering ample room for customization. A loft storage area could potentially be converted into a fifth bedroom with appropriate permissions, adding further value to the property. Externally, the front features a small garden area, while the rear hosts an enclosed garden with potential for off-road parking—an attractive prospect in today’s market. In addition to the main house, there is a separate plot behind that previously accommodated three garages but is currently overgrown. This additional land enhances the property's overall investment potential and could be developed further. Located in a desirable area, this property is ideal for cash buyers looking to create a family home or capitalize on its investment possibilities. With its generous accommodation and strategic location, this property offers significant scope for improvement and future value appreciation.

Investment Analysis

(OL8 area)

Below Market Value

This property is priced -34.5% below area average per sq ft

-34.5%
Potential saving
This Property
£137/sq ft
Area Average
£209/sq ft
Avg Rent (weekly)
£253
Avg Yield
5.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£420,085
10% above area average per sq ft
Potential ROI
+20.0%
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

Frederick Street, 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
£916
Based on a loan of £187,500 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