Summary - 50 BURNLEY LANE CHADDERTON OLDHAM OL1 2PW
2 bed 1 bath Terraced
Long lease, immediate rental income — auction sale for experienced investors.
Two-bedroom Victorian mid-terrace with tenant in situ
A two-bedroom Victorian mid-terrace offered at auction with tenant in situ and immediate rental income. The property is currently let for approximately £700pcm (£8,400pa), providing an income stream from day one for buyers seeking a hands-off investment or portfolio addition.
The house is leasehold with an exceptionally long lease (920 years remaining) and a nominal ground rent (£3pa). Located in an urban, culturally mixed area of Chadderton close to local schools, shops and public transport, it benefits from fast broadband and excellent mobile signal—practical features for letting and tenant retention.
Buyers must note there are no viewings available and the seller has not verified tenancy documentation; purchasers will need to rely on the legal pack and form their own view of occupation and condition. Appliances and services have not been tested and the sale is subject to auction conditions and immediate deposit and fees on exchange. The wider neighbourhood is described as very deprived, which may affect long-term rental growth and resale.
This lot suits investors comfortable buying at auction, accepting limited inspection, and prepared to review tenancy paperwork in the legal pack. The combination of long lease, low running costs and existing rental income gives clear short-term cashflow, though purchasers should budget for unknown maintenance and verify tenant status before bidding.
Terraced house for sale in 3 Springfield, Oldham, Greater Manchester OL4 3EQ, OL4 — £64,000 • 1 bed • 1 bath
2 bedroom terraced house for sale in 9 Adlington Street, Oldham, Greater Manchester OL4 2QY, OL4 — £72,000 • 2 bed • 1 bath • 722 ft²
2 bedroom semi-detached house for sale in 187 Block Lane, Chadderton, Oldham, Greater Manchester OL9 7SD, OL9 — £91,000 • 2 bed • 1 bath
2 bedroom terraced house for sale in 21 Briscoe Street, Oldham, Greater Manchester OL1 3RW, OL1 — £80,000 • 2 bed • 1 bath
2 bedroom terraced house for sale in Ann Square, Oldham, Greater Manchester, OL4 — £100,000 • 2 bed • 1 bath
3 bedroom town house for sale in Gorton Street, Chadderton, Oldham, Greater Manchester, OL9 — £110,000 • 3 bed • 1 bath • 754 ft²
