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School Road, Oldham

North West

£135,000

Listed on 28/05/2026

Property Details

Bedrooms
2
Type
Terraced
Area
642 sqft

Description

This two-bedroom mid-terrace home presents a valuable opportunity for those keen to undertake a renovation project and enhance its appeal. Positioned conveniently near local schools, shops, and transport links, the property features a layout that includes an entrance porch, a spacious lounge, and a fitted kitchen on the ground floor. Upstairs, you'll find two well-proportioned bedrooms along with a three-piece bathroom suite that includes a shower over the bath. The property additionally boasts an enclosed rear yard and a front patio area, providing outside space that could be improved upon. With gas central heating and uPVC double glazing already in place, there's potential for further modernization to significantly boost its value. Currently achieving an annual rental income of about £9,000, this property holds promise for investors or first-time buyers seeking to increase their portfolio in a high-demand area. Located just moments from the town centre and offering excellent transport options with easy access to the M60/M62 motorway network, this home is ideal for anyone looking to make strategic improvements while enjoying close proximity to essential amenities.

Investment Analysis

(OL8 area)

Below Market Value

This property is priced -1.5% below area average per sq ft

-1.5%
Potential saving
This Property
£210/sq ft
Area Average
£214/sq ft
Avg Rent (weekly)
£248
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£150,774
10% above area average per sq ft
Potential ROI
-5.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (OL8)

Area prices are stable by +1.7% over the last 12 months
3 year growth: +22.2%
5 year growth: +56.5%
Investment Disclaimer: Analysis based on OL8 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

School Road, Oldham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£482
Based on a loan of £101,250 over 30 years at 3.97% 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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