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Cheltenham Street, Derker, Oldham, OL1 - Image 1
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Cheltenham Street, Derker, Oldham, OL1 - Image 3
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Cheltenham Street, Derker, Oldham, OL1 - Image 5
Cheltenham Street, Derker, Oldham, OL1 - Image 6
Cheltenham Street, Derker, Oldham, OL1 - Image 7
Cheltenham Street, Derker, Oldham, OL1 - Image 8
Cheltenham Street, Derker, Oldham, OL1 - Image 9
Cheltenham Street, Derker, Oldham, OL1 - Image 10
Cheltenham Street, Derker, Oldham, OL1 - Image 11

Cheltenham Street, Derker, Oldham, OL1

North West

£100,000
Listed on 11/03/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
647 sqft

Description

This two-bedroom terraced house in Derker, Oldham presents a promising renovation opportunity for investors or DIY enthusiasts looking to create a personalized living space. The property, which is in need of modernisation, features an entrance vestibule, a lounge, and a kitchen on the ground floor, while the first floor houses two bedrooms and a bathroom. Externally, the manageable rear garden is accessible via gates, offering potential for off-street parking. Its location is notable; just a short stroll from the Derker Metrolink tram stop, providing efficient transport links to Manchester city centre and nearby amenities including shops and schools. With no onward chain, this property is ready for those looking to invest in its transformation.

Investment Analysis

(OL1 area)

Below Market Value

This property is priced -25.6% below area average per sq ft

-25.6%
Potential saving
This Property
£155/sq ft
Area Average
£208/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£147,856
10% above area average per sq ft
Potential ROI
+18.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
70%
Properties sold annually

Local Market Trend (OL1)

Area prices are rising by +8.6% over the last 12 months
3 year growth: +16.5%
5 year growth: +49.9%
Investment Disclaimer: Analysis based on OL1 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

Cheltenham Street, Derker, Oldham, OL1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£361
Based on a loan of £75,000 over 30 years at 4.06% 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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