Acre Lane, Oldham, OL1
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
3
- BATHROOMS
1
- SIZE
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Key features
- 3 bedroom semi-detached house
- Close to Derker Tram Stop providing links to Manchester
- Leasehold - approx. 238 years remaining
- Established residential rental area with strong tenant demand
- Gross yield: approx. 6.7%
Description
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.
Investment Highlights
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
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.
Summary
This property presents a solid buy-to-let investment in a well-connected Greater Manchester location with strong tenant demand and reliable rental income.
LET PURE INVESTOR TAKE THE STRAIN AWAY ...
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- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Acre Lane, Oldham, OL1
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Visit our security centre to find out moreDisclaimer - Property reference 44-acre-lane. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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