Welbeck Avenue, Chadderton, Oldham, Greater Manchester, OL9

This three-bedroom semi-detached house, offered chain-free, presents an opportunity for buyers looking to invest in a property with good potential. Priced at £170,000, it falls slightly below the local average at £238/sqf, which is a reasonable entry point in the current market. However, the all-in costs of approximately £230,000, when factoring in the renovation range of £40,000 to £80,000, stretch the budget against local benchmarks, resulting in a negative margin compared to the implied average value.

The property's dated interiors and general wear throughout provide a clear canvas for modernisation. Buyers can explore updating the living areas and kitchen, which features old cabinetry and worn surfaces. With excellent transport links and amenities nearby, this listing holds appeal for discerning investors who can see the potential for value creation through refurbishment. However, the economics of this project may be a concern, given the stretched budget relative to local values.