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Larch Grove, Lees, Oldham

North West

£150,000
Listed on 17/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
700 sqft

Description

This two-bedroom home presents a promising opportunity for those looking to invest or make their mark through renovations. Featuring driveway parking and a private garden, the property is well-suited for first-time buyers or investors who appreciate potential. Inside, you'll find a spacious lounge that welcomes natural light, creating an inviting space for relaxation. The kitchen-diner is equipped with an integrated oven and gas hob, along with space for a washing machine and a breakfast bar, ideal for casual dining and entertaining. There's also convenient under-stairs storage to help maintain an uncluttered environment. Upstairs, the home offers two generously sized bedrooms that can be easily customized to suit your needs. The family bathroom features an electric shower over the bath, providing essential functionality while offering renovation possibilities to enhance its appeal. Located within proximity to local amenities and reputable primary and secondary schools, this property combines everyday convenience with comfortable living. Its central location further enhances its attractiveness as a rental option or future resale investment. Overall, this home represents not just a place to live but also a canvas upon which new owners can build equity over time through thoughtful renovations. Viewing arrangements are available by appointment.

Investment Analysis

(OL4 area)

Below Market Value

This property is priced -8.4% below area average per sq ft

-8.4%
Potential saving
This Property
£214/sq ft
Area Average
£234/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.4%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £10,000
Target Value
£180,103
10% above area average per sq ft
Potential ROI
+12.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Larch Grove, Lees, 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
£549
Based on a loan of £112,500 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