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Derwent Walk, Oldham OL4

North West

£120,000
Listed on 13/12/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
756 sqft

Description

This two-bedroom end-terrace property, located in the Greenacres area of Oldham, offers an excellent opportunity for first-time buyers or investors looking to make a mark in the property market. The home is conveniently situated within walking distance of Oldham Town Centre and is well-connected by public transport to Manchester and Rochdale. With local shops, cafes, and amenities nearby, the location enhances its appeal for potential renters or buyers. The internal layout includes a hallway leading to a spacious lounge, a kitchen with dining area, two generously sized bedrooms, and a three-piece bathroom featuring a shower over the bath. Although the property requires modernization throughout—providing a blank canvas for renovation—it benefits from gas central heating and PVC double glazing. Externally, there is a small raised garden at the front and an enclosed paved yard at the rear, offering private outdoor space. This property presents significant potential to enhance its value through thoughtful renovations, making it an attractive project for those eager to create either their dream home or a profitable rental investment.

Investment Analysis

(OL4 area)

Below Market Value

This property is priced -33.3% below area average per sq ft

-33.3%
Potential saving
This Property
£159/sq ft
Area Average
£238/sq ft
Avg Rent (weekly)
£205
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£198,004
10% above area average per sq ft
Potential ROI
+36.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
58%
Properties sold annually

Local Market Trend (OL4)

Area prices are rising by +6.2% over the last 12 months
3 year growth: +14.7%
5 year growth: +30.8%
Investment Disclaimer: Analysis based on OL4 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

Derwent Walk, Oldham OL4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£433
Based on a loan of £90,000 over 30 years at 4.06% 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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