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Cheltenham Street, Derker, Oldham OL1 - Image 1
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Cheltenham Street, Derker, Oldham OL1

North West

£100,000
Listed on 18/03/2026

Property Details

Bedrooms
2
Type
Terraced
Area
647 sqft

Description

This traditional two-bedroom terraced house in the Derker district of Oldham presents a promising renovation opportunity for those looking to invest in a property with significant potential. Although it requires modern updates, the layout is functional, featuring an entrance vestibule, a lounge, and a kitchen on the ground floor, while the first floor hosts two bedrooms and a bathroom. The rear garden is low-maintenance and has access via gates, offering the possibility for off-street parking—a valuable asset in built-up areas. Located within a short walking distance to the Derker Metrolink tram stop and local amenities, this home offers excellent connectivity to both Manchester city centre and Oldham town centre. Additionally, there is no onward chain, making it easier for buyers looking to take on a project without delays.

Investment Analysis

(OL1 area)

Below Market Value

This property is priced -25.6% below area average per sq ft

-25.6%
Potential saving
This Property
£155/sq ft
Area Average
£208/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£147,856
10% above area average per sq ft
Potential ROI
+18.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
70%
Properties sold annually

Local Market Trend (OL1)

Area prices are rising by +8.6% over the last 12 months
3 year growth: +16.5%
5 year growth: +49.9%
Investment Disclaimer: Analysis based on OL1 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

Cheltenham Street, Derker, Oldham OL1
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£361
Based on a loan of £75,000 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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