Netherhey Street, Oldham, OL8
North West
£140,000
Listed on 06/10/2026
Listed on 06/10/2026
The listing
Property details
Bedrooms
3Type
TerracedArea
750 sqftFeatures
- Garden
Description
This three-bedroom mid-terraced house has a lounge, kitchen/diner, family bathroom and a rear garden. It is in a residential part of Oldham, with local amenities and transport links nearby and Alexandra Park within a short distance. The property is described as offering scope for refurbishment and improvement, and may suit buyers looking to update a home or landlords considering an investment. The seller states that the lease runs until 4 July 2880; buyers should verify the tenure and other property details with their solicitor.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
53out of 100
Grade DWeak opportunity
Confidence: MEDIUM
At £140,000, this three-bedroom terrace is priced below the local average per square foot, giving a project buyer a comparatively cheap point of entry. The dated finishes, worn flooring and lower-wall staining visible in several ground-floor views leave clear scope to refresh the interiors, while the rear garden and its block-built structure offer further potential to improve and make your own. The cause of the staining and the structure’s condition should be checked.
The overall score is still weak because the purchase price plus the estimated £30,000–£55,000 works budget looks tight against local benchmarks; that comparison is not a renovated-value estimate. This is a substantial improvement project rather than a cosmetic update, so the budget and programme need careful planning.
Key opportunities
- Rework the dated finishes across the three-bedroom home to create a coherent, refreshed interior.
- Improve the rear garden’s paving, planting and boundaries, and assess how the block-built structure could be used.
- Acquire at below the local average £/sqf and shape the property to suit a home or rental project.
Key risks
- The £30,000–£55,000 works range makes this a substantial interior-and-garden programme, not a cosmetic refresh; allow for budget and programme contingency.
- Lower-wall staining appears in more than one ground-floor view; investigate its cause before setting the final works scope.
- The condition and status of the block-built garden structure are unverified.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£529
Based on a loan of £105,000 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.
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