Offers over
£155,000
4 bed property for saleHorsedge Street, Oldham, Lancashire OL1
4 beds
2 baths
EPC Rating: E
- Leasehold
HMOX Sales
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About this property
Property Layout – 4 bed, 2 bath HMO (1 ensuite), well-presented and compliant
Tenant Type – Fully tenanted by working professionals, delivering stable rental income
Strategic Location – Central Oldham close to town centre, hospital, college and major employers
Transport & Connectivity – Strong Metrolink links to Manchester, plus easy M60/M62 motorway access
Regeneration Benefits – £285m town centre regeneration and Greater Manchester growth boosting demand
High Rental Income & Strong Yield – Gross annual income £21,879 delivering 14.12% yield
This well-presented, fully compliant 4-bedroom, 2-bathroom HMO-including one ensuite-offers a secure, income-generating investment in central Oldham. Fully let to working professionals, the property generates £21,879 in annual rental income, delivering a robust 14.12% gross yield with reliable occupancy and stable returns. Ideally located near the town centre, hospital, college, and key employers, it benefits from strong tenant demand, while excellent transport links via the Metrolink to Manchester and easy access to the M60 and M62 motorways enhance commuter appeal. With £285m of town centre regeneration underway alongside Greater Manchester’s ongoing growth, this property is well-positioned for both strong yields and future capital appreciation, making it an attractive hands-off investment in a high-demand rental market.
Income Breakdown (Monthly):
Room 1: £433.33
Room 2: £490.00
Room 3: £450.00
Room 4: £450.00
Total Monthly Income: £1,823.33
Total Annual Income: £21,879.96
Expenditure Breakdown (Monthly):
Gas: N/A
Electric: £350.00
Water: £42.16
Council Tax: £155.00
Broadband: £35.00
Cleaner: £65.00
Management: £246.05
Total Monthly Expenditure: £893.21
Total Annual Expenditure: £10,718.52
Investment Performance:
Net Annual Income: £11,161.44
Gross Yield: 14.12%
Net Yield: 7.20%
Compliance And Licensing
- Selective Licensing
- EPC
- eicr
- Fire Risk Assessment
- Emergency Lighting Test Certificate
- Fire Alarm Test Certificate
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More information
Tenure
Leasehold (860 years)
Service charge
Council tax band
Ground rent
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