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4 Bed Flat For Sale Copster Hill Road, Oldham, OL8

£180,000- Flat

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potentialYield: 4.85%rental guide£580 - £730bedroom4 Bedrooms
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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.

Last Updated: 4^th May 2024

Description

TO BE SOLD BY ONLINE AUCTION ON 15TH MAY 2024 UNLESS SOLD PRIOR UNDER AUCTION TERMS.

Flats 1-4 , 142-144 Copster Hill Road, Oldham OL8 1QQ

This block of 4 apartments is situated in a prime residential area of Oldham offering excellent amenities and transport links. The property is reportedly generating £22,800 per annum. (Awaiting sight of the tenancy agreement - please check the legal pack before bidding)

The buildings were two separated terraced houses and have since been converted into flats comprising four, one-bedroom apartments reportedly let at £475 pcm. A fantastic return on your investment.

Additionally, there's an outdoor space for residents to enjoy. Situated in close proximity to Oldham town centre, it offers easy access to transportation links and major roads leading directly to Manchester city centre.

Agent Details

Edward Mellor Ltd

65-81 St Petersgate, Stockport SK1 1DS

Investment Analysis

Annual Rent:

£8,640

Annual Mortgage Interest:

£2,700

Annual Costs:

£1,300

Net Profit:

£4,640

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Nearby Locations

Oldham Chadderton Lees Failsworth Royton Ashton-under-Lyne Mossley Droylsden Shaw Middleton Dukinfield Stalybridge Denton Park Bridge Woodhouses Chadderton Fold Healds Green Scouthead Quick Slattocks

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.