4 bed property for sale

Horsedge Street, Oldham, Lancashire OL1

Attractive HMO Investment Opportunity

Address: 239 Horsedge Street, Oldham, OL1 3DP
Property Type: 4-Bed, 2-Bath HMO (1 Ensuite)
Tenant Type: Fully Tenanted by Working Professionals

Prime Investment Location

Oldham, situated in Greater Manchester, presents an excellent opportunity for property investors seeking strong yields and sustainable tenant demand. Historically rooted in manufacturing, Oldham has transformed into a hub for retail, logistics, public services, and healthcare, with the nhs and local government being among the town's major employers. Its proximity to Manchester makes it a highly desirable residential location for professionals looking to benefit from urban job markets while enjoying more affordable housing. With ongoing regeneration projects and enhanced infrastructure, Oldham is set for continued growth, positioning it as a strategic choice for long-term property investment.

Consistent Tenant Demand & Location Appeal

The rental market in Oldham remains robust due to its affordability and accessibility. The property at 239 Horsedge Street is located in a well-established residential area, close to shops, schools, and public transport, making it a practical and attractive home for working professionals. Its layout—4 bedrooms and 2 bathrooms (including 1 ensuite)—caters perfectly to shared living. Demand for HMOs is supported by a rising population, an influx of professionals, and easy connectivity to Manchester's major employment hubs, ensuring minimal void periods and reliable income.

Connectivity & Infrastructure Advantage
Oldham enjoys excellent transport connections that enhance its desirability for tenants and investors alike. Direct rail access to Manchester, coupled with convenient proximity to the M60 and M62, positions Oldham as an attractive commuter town. Regeneration initiatives, including town centre redevelopment and new residential and commercial projects, continue to boost the area’s attractiveness and economic prospects. Local amenities—from retail centres and green spaces to leisure and cultural facilities—further support Oldham’s status as a liveable and investable location.

Financial Overview

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%

Commentary

This 4-bed HMO in Oldham delivers monthly rental income of £1,823.33 and a gross yield of 14.12%, reflecting excellent rental strength in an affordable, growing market. With controlled costs and minimal landlord responsibility, the property yields a net income of £11,161.44 annually, equating to a net yield of 7.20%.

This investment presents an affordable entry point with strong financial returns, ideal for both hands-off investors and portfolio builders looking for a reliable, high-performing asset in a growth-ready Greater Manchester market.

HMO X are specialists within the HMO and multi-unit marketplace across the UK. Our experienced team has a combined 100+ years of specific HMO experience including investing, managing, developing, valuing and selling. Every property is exclusively listed, direct to landlord, visited and quality-checked by our team and is sold with no buyer fees or reservation costs. Full access to every financial detail and a pro-active and time-served team to assist you.