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23 Chestnut Street, Chadderton OL9 8HB - Image 1
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23 Chestnut Street, Chadderton OL9 8HB

North West

£219,950
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
727 sqft

Description

This three-bedroom semi-detached property presents an exciting opportunity for renovation and investment. With vacant possession available upon completion, it offers flexibility for buyers looking to make a space their own without the complications of a chain. Internally, the property features two reception rooms that provide a versatile living arrangement. An open-plan dining area leads into the lounge, separated by sliding doors for functional space management. The kitchen is located on the ground floor and, while requiring modernisation, is well-placed for future enhancements. Upstairs, you will find three bedrooms—two generous doubles and a single—along with a family bathroom. Central heating and double glazing add comfort to the existing structure. Located in a neighbourhood that is proving attractive to families and young professionals alike, this property benefits from proximity to local amenities and transport links. The front garden offers potential for off-road parking, while the enclosed rear garden includes both lawn and patio areas that could be transformed into an inviting outdoor retreat. This home stands as an ideal candidate for first-time buyers or investors looking to add value through renovations. With thoughtful updates, it has the potential to become a comfortable family residence or a profitable rental property in a growing market. The long leasehold status further enhances its appeal as an investment opportunity. Prospective buyers should take note of council tax band B and are encouraged to verify details regarding tenure with solicitors prior to purchase. Viewing arrangements are available by appointment only, allowing interested parties to explore the full potential of this property firsthand.

Investment Analysis

(OL9 area)

Above Market Value

This property is priced +22.1% above area average per sq ft

+22.1%
This Property
£303/sq ft
Area Average
£248/sq ft
Avg Rent (weekly)
£281
Avg Yield
5.9%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Target Value
£198,206
10% above area average per sq ft
Potential ROI
-15.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (OL9)

Area prices are rising by +7.5% over the last 12 months
3 year growth: 8.4%
5 year growth: 33.7%
Investment Disclaimer: Analysis based on OL9 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

23 Chestnut Street, Chadderton OL9 8HB
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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
£806
Based on a loan of £164,962 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