Summary - 292 FIELDS NEW ROAD CHADDERTON OLDHAM OL9 8PD
2 bed 1 bath Terraced
Immediate rental income with renovation upside for practical investors.
Let at £550pcm (~£6,600pa) to long-standing tenants
Sold by public online auction; buyer's premium applies
Needs renovation and modernization in parts; budget for works
Possible damp evidence; remedial costs likely
Solid brick walls, assumed no insulation (energy upgrades needed)
EPC rating C; mains gas boiler and radiators in place
Tenure unknown — check legal pack and title before bidding
Area: deprived classification but very low crime and fast broadband
This two-bedroom mid-terrace presents a clear investment proposition: currently let at £550pcm (£6,600pa) to long-standing tenants and offered for sale by public online auction. The property occupies a Victorian brick terrace built 1930–1949, with double glazing (pre-2002), mains gas boiler and radiators, and an EPC rating of C.
The house requires renovation and modernization in parts and may show signs of damp; internal layout includes living room and kitchen on the ground floor, with two bedrooms and a bathroom above. Walls are solid brick with assumed no cavity insulation, so buyers should budget for thermal improvements and possible damp remediation. Tenure is unknown and the sale is subject to the auction legal pack and buyer’s fees — please review all documents before bidding.
Location is practical for an investor: residential street two miles west of Oldham town centre, very low local crime, excellent mobile signal and fast broadband. The area is classified as deprived and attracts social-renting young families, which supports rental demand but also indicates limited near-term capital-growth prospects. The sale is public notice/repossession; bidding opens 25 Nov and closes 26 Nov 2025.
Suitable for a hands-on investor seeking rental income or a refurbishment project, this property offers immediate yield with upside from improvement works. Key due-diligence points include tenancy details, any outstanding repair history, the full legal pack, and costs such as the buyer’s premium and auction-related fees.
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