Oldham, Greater Manchester

Property Overview

A fantastic opportunity to acquire a well-maintained 2-bedroom mid-terraced property situated in a popular and convenient location in Chadderton, Oldham. Ideal for buy-to-let investors seeking a turnkey asset with a long-standing, reliable tenancy already in place.

Investment Information

• Asking Price – £145,000
• Current Rental Income – £625 PCM / £7,500 PA
• Current Gross Yield – 5.2%
• Potential Rental Income – £850 PCM / £10,200 PA
• Potential Gross Yield – 7.0%
• Comparable Rental Properties – click HERE

Accommodation

This charming mid-terraced home offers:

• Spacious Lounge – Bright and comfortable living area.
• Fitted Kitchen – Practical layout with space for dining.
• Two Good-Sized Bedrooms – Perfect for a small family or couple.
• Family Bathroom – Functional and well-kept.
• Rear Yard – Low-maintenance outdoor space.
• Small Front Garden – Welcoming frontage with kerb appeal.

Additional Features

• Off-Street Parking via a rear-access alleyway.
• Leasehold Tenure – 872 years remaining with a nominal ground rent of £5 (not collected).
• Condition – Good throughout; recent improvements include roof repairs and new front and rear doors.
• No known structural or maintenance issues.
• Free from service charges.

Tenancy Details (Investment Highlights)

• Tenants in Situ – Long-term married couple in residence for over 10 years.
• Rental Income – £625 PCM / £7,500 PA.
• Tenancy Status – Rolling tenancy; 100% occupancy rate.
• Self-Managed – No agent fees.
• Tenant Profile – Excellent history, rent always paid on time, no complaints or arrears.
• Hands-Off Investment – Zero voids and minimal hassle.

Summary

An excellent investment opportunity with secure long-term tenants, no management fees, and a steady rental yield. This is a stress-free, income-generating property ideal for new or experienced landlords alike. With low outgoings and no required works, this home is ready to transfer to the next investor.