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Derwent Walk, Oldham

North West

£120,000
Listed on 13/12/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
756 sqft

Description

This two-bedroom mid-terrace home located in the Greenacres area of Oldham is a promising project for renovation enthusiasts or investors looking to create value. Positioned conveniently near Oldham Town Centre, it boasts easy access to a variety of shops, eateries, and excellent public transport links to Manchester and Rochdale. The property features a traditional layout with a hallway leading to a spacious lounge, a kitchen with dining space, two decent-sized bedrooms, and a three-piece bathroom. Although the home requires modernisation throughout, this presents an opportunity for buyers to redesign and enhance the property according to contemporary standards. Outside, there is a small raised garden at the front and an enclosed paved yard at the back, providing private outdoor space. With gas central heating and PVC double glazing already in place, this property has solid foundations for an impressive transformation. Ideal for first-time buyers or as a rental investment, it's essential to view this property swiftly.

Investment Analysis

(OL4 area)

Below Market Value

This property is priced -32.1% below area average per sq ft

-32.1%
Potential saving
This Property
£159/sq ft
Area Average
£234/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£194,511
10% above area average per sq ft
Potential ROI
+29.7%
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

Derwent Walk, 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
£440
Based on a loan of £90,000 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