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Larch Grove, Lees, Oldham, OL4

North West

£224,950

Listed on 16/10/2025

Property details

Bedrooms
3
Type
Town House
Area
1059 sqft

Description

This spacious three-bedroom end townhouse offers a unique opportunity for renovations and reconfiguration across its three floors. With no onward chain, this property invites both homeowners and investors to explore its potential. The bright entrance hall leads to a sizable lounge featuring a bay window that floods the space with natural light. The kitchen is equipped with a breakfast bar and ample storage, providing enough room for family meals or gatherings. A notable aspect of this home is the expansive lower ground floor, which is currently utilized for storage but holds significant promise for conversion into various functional spaces such as a workshop, gym, or additional living area—subject to the necessary planning approvals. The first floor comprises three well-sized bedrooms, including two doubles and one single, complemented by a modern bathroom outfitted with a contemporary white suite. Externally, the property benefits from a private front garden featuring a sunken patio ideal for outdoor enjoyment, alongside useful side garden space. A private driveway at the rear ensures off-road parking convenience.

Investment analysis

(OL4 area)

Below Market Value

This property is priced -11.1% below area average per sq ft

-11.1%
Potential saving
This Property
£212/sq ft
Area Average
£239/sq ft
Avg Rent (weekly)
£211
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£278,295
10% above area average per sq ft
Potential ROI
+5.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (OL4)

Area prices are rising by +7.3% over the last 12 months
3 year growth: +22.2%
5 year growth: +25.6%
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, OL4
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£850
Based on a loan of £168,712 over 30 years at 4.45% 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

-2.2% since listed
£224,950£5,000(-2.2%)
18/03/2026
Current price
£229,950Initial listing
21/10/2025

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