Oldham, OL8 2JU | Investment Property for Sale | VES-OL8-002

Opportunity to purchase a terraced house in Oldham generating £5,700 rent pa & gross yield of 6%

£95,000

Terraced House

VES-OL8-002

INITIAL INVESTMENT

£29,100

Based on

deposit: £23,750

stamp duty: £2,850

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£5,700

GROSS YIELD

6.0%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£3

2 bedrooms

1 bathroom

1 reception room

667

Unfurnished

Leasehold information

  • Length of lease: 999 years
  • Year lease started: 1932
  • Years left on lease: 909 years (from 2022)
  • Service charge: NIL
  • Service charge review period: n/a
  • Ground rent review period: tbc

Property information

  • The property comprises:
    • 2 x bedrooms
    • 1 x bathroom
    • 1 x living room
    • 1 x kitchen
  • EPC rating: D
  • Council tax band A
  • A new gas central heating boiler was installed in May 2022
  • Monthly rental income £475

Location information

  • The property is located in the Hathershaw area of Oldham
  • Oldham town centre is just over 1 mile from the property
  • There is a local newsagent on the corner of the street
  • Easy access to the A627

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Oldham, Greater Manchester

Oldham is a large town in the Greater Manchester area in the north-west of England. It lies around 8 miles north-east of Manchester, 7 miles south of Rochdale and 4.5 miles north of Ashton-under-Lyne.

The town is linked to the M62 motorway via the M60 at Hollinwood and the A627(M) by Chadderton. There are a number of A roads that connect Oldham to Ashton-under-Lyne, Huddersfield, Manchester and Rochdale.

Oldham no longer has its own railway station but it is connected through the Manchester Metrolink to Manchester and Rochdale.

Some of the attractions in and around Oldham include Castleshaw Roman Fort, Huddersfield Narrow Canal, Saddleworth Museum, Dovestone Reservoir and Gallery Oldham. With its close proximity to the Peak District National Park there are plenty of opportunities for outdoor activities to choose from such as walking, cycling, horse riding, canoeing or rock climbing.

Throughout the year several events are being held such as Whit Friday Brass Bands contests, Saddleworth Rush Cart Festival, Illuminate, Diggle Blues Festival and Cotton Clouds Music Festival, offering a variety for everyone to enjoy.

Oldham town centre offers plenty of shopping opportunities with many independent shops as well as its two shopping centres, Town Square and the Spindles.

Historically the town’s economy was very strong in the manufacturing of textiles and mechanical engineering, but this has since been replaced by home shopping, publishing, healthcare and food processing industries.

Belgrave Road,

Oldham,

Greater Manchester,

England,

OL8 2JU

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All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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