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Cedar Lane, Newhey, OL16

North West

£190,000
Listed on 07/04/2026

Property Details

Bedrooms
2
Type
End Of Terrace
Area
745 sqft

Description

This end of terrace house features two bedrooms and presents an exceptional chance for those looking to invest or renovate. Situated in a well-regarded residential area, this property is sold with no onward chain, making it an attractive option for buyers eager to embark on a renovation project. The layout comprises a spacious lounge/diner that offers considerable flexibility; whether you're considering reconfiguring the space or simply updating it, the potential is significant. Both bedrooms are generously sized and designed to accommodate additional storage solutions. The interior is currently in need of complete refurbishment, providing a blank canvas for creative ideas to emerge and transform the home into a stylish residence. This could lead to substantial increases in value and strong rental returns post-renovation. Furthermore, this location benefits from a friendly community setting and convenient access to local amenities, transport links, and schools (subject to catchment). If you are searching for an exciting project or your first home with ample potential, this property could be an ideal choice.

Investment Analysis

(OL16 area)

Above Market Value

This property is priced +13.9% above area average per sq ft

+13.9%
This Property
£255/sq ft
Area Average
£224/sq ft
Avg Rent (weekly)
£218
Avg Yield
4.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£183,527
10% above area average per sq ft
Potential ROI
-20.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (OL16)

Area prices are stable by +0.7% over the last 12 months
3 year growth: +7.5%
5 year growth: +28.8%
Investment Disclaimer: Analysis based on OL16 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

Cedar Lane, Newhey, OL16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£673
Based on a loan of £142,500 over 30 years at 3.91% 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

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