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Fernholme, Sunny Bank, Oldham, Greater Manchester, OL4

North West

£650,000
Listed on 02/07/2025

Property Details

Bedrooms
5
Type
Detached
Area
1700 sqft

Description

Fernholme is a distinguished double bay-fronted Edwardian home, set on an elevated plot of approximately a quarter acre in the serene North West countryside. Once the residence of a mill owner, this substantial property offers around 1,700 square feet of versatile living space, characterized by its original features and spacious rooms. The home includes a welcoming entrance hall with a stunning stained glass window, five well-proportioned bedrooms, two generous reception areas, a functional kitchen/diner, and additional utility rooms. Outside, the property boasts established gardens and ample parking for multiple vehicles, with further potential to create more space if desired. Its picturesque location, bordering farmland and providing expansive views towards Hartshead Pike, presents an exceptional opportunity for renovation or development to tailor the property to modern tastes while retaining its period charm. This unique offering stands out in the current market as an investment opportunity ready for transformation.

Investment Analysis

(OL4 area)

Above Market Value

This property is priced +62.9% above area average per sq ft

+62.9%
This Property
£382/sq ft
Area Average
£235/sq ft
Avg Rent (weekly)
£217
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£438,889
10% above area average per sq ft
Potential ROI
-39.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (OL4)

Area prices are rising by +5.4% over the last 12 months
3 year growth: +16.1%
5 year growth: +25.0%
Investment Disclaimer: Analysis based on OL4 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

Fernholme, Sunny Bank, Oldham, Greater Manchester, OL4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,302
Based on a loan of £487,500 over 30 years at 3.91% 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

Price History

-7.1% since listed
£650,000£25,000(-3.7%)
18/09/2025
Current price
£675,000£24,950(-3.6%)
13/08/2025
£699,950Initial listing
02/07/2025

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