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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 property presents a significant opportunity for those looking to invest in a project that can be modernised to increase its market value. It features a welcoming entrance porch leading into a spacious lounge and a functional fitted kitchen on the ground floor. The first floor boasts two ample bedrooms alongside a bathroom equipped with a three-piece suite and shower over bath. Externally, there is a sizeable enclosed rear yard and a front patio, with convenient on-street parking available. The property is fitted with gas central heating and uPVC double glazing, yet requires refurbishment and cosmetic upgrades which makes it an appealing option for investors or first-time buyers eager to make their mark. Currently generating an annual rental income of around £9,000, there is substantial potential to enhance this figure given the high demand for housing in the area. Its prime location offers easy access to local amenities, schools, public transport links, and major motorway networks in the Northwest region.

Investment analysis

(OL8 area)

Below Market Value

This property is priced -3.1% below area average per sq ft

-3.1%
Potential saving
This Property
£210/sq ft
Area Average
£217/sq ft
Avg Rent (weekly)
£235
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£153,281
10% above area average per sq ft
Potential ROI
-4.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (OL8)

Area prices are stable by +0.8% over the last 12 months
3 year growth: +24.5%
5 year growth: +58.8%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£510
Based on a loan of £101,250 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

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