Oldham
£220,000
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Guide price – £220,000
3 Bedroom Semi-Detached House – Investment Opportunity
An excellent opportunity for investors to acquire a well-located three-bedroom semi-detached property in the popular residential area of Derker. The property is currently producing £14,760 per annum in rental income, offering an attractive gross yield of approximately 6.7% based on the asking price.
The accommodation briefly comprises a spacious living room, fitted kitchen with dining space, three well-proportioned bedrooms and a family bathroom. Externally the property benefits from a private garden and off-street parking, making it appealing to long-term tenants and families.
The property is held on a long leasehold with approximately 238 years remaining, providing security for long-term investment.
Purchase price: £220,000
Annual rental income: £14,760
Gross yield: approx. 6.7%
3 bedroom semi-detached house
Long leasehold – 238 years remaining
Established residential rental location
Situated in Derker, the property benefits from strong transport links and convenient access to local amenities. The nearby Derker tram stop provides regular services into Oldham town centre and Manchester city centre, making the area attractive for commuters. A range of local shops, supermarkets, schools and services are located nearby, while Oldham town centre is approximately one mile away, offering a wider selection of retail, leisure and employment opportunities. Residents also benefit from nearby green space including Stoneleigh Park, which offers sports facilities, gardens and recreational areas.
This property presents a solid buy-to-let investment in a well-connected Greater Manchester location with strong tenant demand and reliable rental income.
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