Central refurbishment project with rental potential and long lease.
Guide price £60,000–£70,000, auction sale
A compact Victorian terrace close to Oldham centre, offered at auction with a guide of £60,000–£70,000. The property has two bedrooms, a rear yard, gas central heating and double glazing, making it a straightforward refurbishment or buy‑to‑let prospect in a well‑connected urban location.
Internally the house requires renovation: dated decor, likely cosmetic and some remedial works throughout. The layout is practical for rental or resale — front lounge, rear kitchen, two first‑floor bedrooms and a small bathroom — but the footprint and outdoor space are limited. EPC rating C and mains gas heating are positives for future running costs.
Important sale details affect purchase risk and timing. This is a leasehold sale (long 999‑year lease remaining, nominal ground rent) offered via a traditional auction format with exchange on the fall of the hammer and completion typically within 20 working days. Buyers should review the legal pack and factor in the buyer’s premium, administration fee and any listed disbursements before bidding.
Suitable buyers will be investors or DIY buyers seeking a low‑entry central property with clear scope to add value. Be aware of the neighbourhood context: a very deprived wider area and limited external amenity; internal modernisation and refurbishment costs should be included in any offer or bid.
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