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2 Bed Flat For Sale Fairbourne Walk, Oldham, OL1

£115,000- Flat

Yield: 5.22%
1 of 15
Yield: 5.22%
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  • Rental Guide: £475 - £500
  • 2 Bedroom(s)
  • Description
  • Floor Plan
  • Street View
  • Maps

Key Features

  • Two Bedrooms
  • Apartment
  • One Bathroom
  • One Ensuite
  • One Reception
  • Double Glazed
  • Central Heating
  • Allocated Parking
Last Updated: 26th September 2019

Description

The Property
This stunning modern two bedroom apartment with private entrance located in the popular Derker area of Oldham. The property is located close to local amenities. Internally is presented to an exceptional standard with newly fitted carpets throughout, the apartment briefly comprises of open plan lounge/fitted kitchen/Diner, family bathroom, and two generous bedrooms (master with en-suite). Externally the property benefits from secure gated allocated parking. Viewing is essential to appreciate the quality on offer....

Lounge
18'00"-21'08"

A generous family room with large corner bay upvc windows with horizontal blinds, newly fitted carpet, single radiator, open plan to dining and kitchen area.

Kitchen / Diner
11'01"-11'10"

A generous kitchen/diner open plan to lounge, a range of fitted base and wall units, work surface, integrated appliances, cushion flooring and upvc door with Juliet balcony.

Bedroom One
14'00"-11'01"

A large double room with built in storage, newly fitted carpets, upvc window with horizontal blinds, single radiator and master en-suite shower room.

Master En-suite
5'09"-5'03"

A generous master en-suite shower room with low level w.c, hand basin, shower cubicle, modern LED ceiling spot lighting, frosted upvc window and single radiator.

Bedroom Two
10'11"-11'08"

A generous double room with built in storage, newly fitted carpets, upvc window with horizontal blinds and single radiator.

Bathroom
8'09"-6'01"

A modern three piece family bathroom with bath tub, low level w.c, hand basin, ceiling spot lighting , single radiator and cushion flooring.

Allocated Parking
To the rear of the property is a privately gated parking area for residents, with the property allocated one parking space however please note parking in the area is of no issue to front or roads surrounding.

Nearby Stations

  • Derker (Manchester Metrolink) (0.5 miles away)
  • Derker Rail Station (closed) (0.5 miles away)
  • Oldham Mumps (Manchester Metrolink) (0.8 miles away)
  • Oldham Mumps Rail Station (closed) (0.8 miles away)
  • Oldham Central (Manchester Metrolink) (1.1 miles away)

Nearby Schools

  • Mayfield Primary School (0.1 miles away)
  • Littlemoor Primary School (0.2 miles away)
  • Spring Meadows Children Centre (0.2 miles away)
  • Kingsland School (0.3 miles away)
  • St. Theresa's (0.3 miles away)
Agent Details
Purplebricks.com
Cranmore Drive, Solihull, B90 4RZ
Show Contact Number
0800 810 8008

Forecast Score

Based on our analysis this property has been scored as:

Data Classified: Partially Classified
5.3

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is a lack of data to forecast this property with regards in comparison with local sold prices.
0

Profitability

Good rental demand in this area.
There is a lack of data to forecast this property with regards of profitability.
0

Interest Rates

Bank of England Base Rate:
0.1%
Lower interest rates mean lower mortgage payments and makes property more affordable historically in times of low interest rate property prices tend to increase.
10

Mortgage Availability

Good mortgage availability causes property prices to increase as people can get mortgages and buy property.
5

Fiscal Policy

Due to recent economic uncertainty the government has adjusted their spending levels and lowered tax rate. Pumping money into the economy and its central bank in order to increase money supply.
10

Comparison with other investment alternatives

Investing in this property will give you a higher return when compared to other alternative investments.
6

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
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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.

One&Only Pro 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.
Rental Data
2 bedroom properties in proximity are mostly listed £475 - £500 – 4 recently listed properties were found in that band. However, the highest were £575, £525, £500.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested