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Fernholme, Sunny Bank, Oldham, Greater Manchester, OL4 - Image 1
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Fernholme, Sunny Bank, Oldham, Greater Manchester, OL4

North West

£650,000
Listed on 19/09/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1700 sqft

Description

This substantial Edwardian residence, originally built as a mill owner's home, offers significant renovation and investment potential in an elevated setting above Sunny Bank. Set on approximately a quarter-acre plot, the property enjoys serene views over adjacent farmland and the picturesque Hartshead Pike in the distance. Spanning roughly 1,700 square feet, the home features an impressive array of original characteristics that lend it a unique charm. A spacious entrance hall leads to a striking staircase with an arched stained-glass window that serves as a focal point. The layout includes five well-sized bedrooms and two generous reception areas, providing ample space for both living and entertaining. The large kitchen is ripe for modernization, while additional utility space adds practicality for everyday use. The first floor comprises not only comfortable bedrooms but also a sizeable landing area with potential for creative reconfiguration. Original details like high ceilings, intricate cornicing, and period fireplaces enhance the home's character throughout. The property's outside spaces include established gardens and parking for multiple vehicles; there's even potential to create additional parking options if desired. With its combination of size, period features, and prime location, this property presents a rare opportunity for renovations tailored to personal taste or even further development projects. The expansive loft space adds yet another layer of possibility for those looking to maximize their investment. Accessed through a mature front garden marked by distinctive stone posts, the exterior includes a large side garden complemented by gates leading to a detached garage. To the rear is an enclosed yard featuring practical outbuildings such as a workshop and storage area. This property stands out not just for its historical significance but also for its potential as a canvas awaiting transformative ideas from new owners. Viewing opportunities are available strictly by appointment.

Investment Analysis

(OL4 area)

Above Market Value

This property is priced +63.5% above area average per sq ft

+63.5%
This Property
£382/sq ft
Area Average
£234/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£437,393
10% above area average per sq ft
Potential ROI
-43.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (OL4)

Area prices are rising by +11.9% over the last 12 months
3 year growth: 20.8%
5 year growth: 44.5%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,381
Based on a loan of £487,500 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