TO BE SOLD BY ONLINE AUCTION ON 10 TH SEPTEMBER 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS AND CONDITIONS3 Cheltenham Street, Oldham, OL1 4DANot inspected by Edward Mellor but reported to comprise; Lounge, kitchen/diner, two bedrooms and bathroom. Rear yard. It is currently let on a periodic AST at £600pcm with a section 13 increase to start 13th October 2025 to £850pcm. Please respect the tenant’s privacy. Located in a popular residential part of Oldham, within easy reach of the town centre, schools, local amenities and excellent transport links. The property is tenanted at £600pcm, with the rent advised to be increasing to £850pcm, making it an excellent ready-made buy-to-let investment in an area of consistently high rental demand. Should vacant possession be obtained in the future, the property also offers good potential for resale, with strong demand for affordable homes in the area supporting capital growth prospects. It presents a straightforward and attractive investment opportunity, whether held for income or with a view to resale. Here are some similar sold properties taken from Land Registry that highlight the potential:5, Cheltenham Street, OL1 4DA-Sold - 09/05/2025 £150,000 Terraced 2 beds 0.00 mi2, Wales Street, Oldham, OL1 4ET Sold - 31/03/2025 £138,000 Terraced 2 beds 0.44 mi51, Herbert Street, Oldham, OL4 2QU-Sold - 03/02/2025 £140,000 Terraced 2 beds 0.61 miTenant ready property values in the area are in the region of £850 - £900pcm
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is 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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