- 4-room HMO, fully tenanted
- £2040 monthly rental income
- 2 en-suite bedrooms
- Shared kitchen facility
- Gas central heating
- UPVC double glazing
- Located on Redgrave Street
- Built in 1930
- Investment opportunity
- Viewing recommended
Spanning an area of 818 square feet, the property boasts a practical layout that includes three bathrooms, two of which are en suite, ensuring comfort and convenience for all residents. The shared kitchen is well-equipped, providing a communal space for tenants to enjoy meals and socialise.
With all rooms currently occupied, this investment not only promises immediate returns but also the potential for long-term growth in a thriving area.
This property is ideal for investors looking to capitalise on the growing demand for rental accommodation in Oldham. With its strategic location and established rental history, it represents a sound investment opportunity that should not be overlooked.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and
Kitchen (5.37m x 2.15m)
This kitchen is a well-lit, practical space featuring contemporary white cabinetry paired with dark work surfaces. It offers ample storage and surface area for meal preparation, along with integrated appliances including a built-in oven and hob. A tall fridge-freezer stands conveniently to one side, and the layout includes a breakfast bar with seating for quick meals. Wood-effect vinyl flooring adds warmth and durability to the room, while a rear door provides easy access outside.
Room 1 (3.45m x 3.23m)
This bright room serves as a comfortable bedroom, sized to accommodate a double bed and additional furniture. It benefits from a generous window that fills the space with natural light, balanced by a calming green accent wall and neutral tones. The room's layout allows for flexible use and has a compact kitchenette area.
Room 2 (3.94m x 3.23m)
This bright room serves as a comfortable bedroom, sized to accommodate a double bed and additional furniture. It benefits from a generous window that fills the space with natural light, balanced by a calming green accent wall and neutral tones. The room's layout allows for flexible use and has a compact kitchenette area.
Room 3 (3.94m x 3.10m)
This bright room serves as a comfortable bedroom, sized to accommodate a double bed and additional furniture. It benefits from a generous window that fills the space with natural light, balanced by a calming green accent wall and neutral tones. The room's layout allows for flexible use and has a compact kitchenette area.
En Suite Room 3
Shower cubicle, wash hand basin and low level wc.
Room 4 (4.09m x 3.45m)
This bright room serves as a comfortable bedroom, sized to accommodate a double bed and additional furniture. It benefits from a generous window that fills the space with natural light, balanced by a calming green accent wall and neutral tones. The room's layout allows for flexible use and has a compact kitchenette area.
En Suite Room 4
Shower cubicle, wash hand basin and low level wc.
Shower Room (1.81m x 1.41m)
This shower room is compact yet functional, featuring a glass-enclosed shower cubicle, a vanity unit with a wash basin, and a toilet. The walls are tiled in white, giving the space a clean and fresh appearance, and the flooring is practical with a wood-effect finish.
Modern Method Auction
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
| Tenure: | Leasehold |
|---|---|
| Lease Years Remaining: | 858 |
| Ground Rent: | £3 per year |
| Council Tax Band: | A |
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
| Tax Band | % | Taxable Sum | Tax |
|---|
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