2-bedroom flat · OL9 8NN
Listing removedListed 290 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom first floor flat, ready to move into with no onward chain. Ideal for a first time buyer or buy to let investor!
EPC - C This two bedroom first floor apartment occupies a pleasant pedestrian only street within Chadderton, and will immediately appeal to first time buyers, buy to let investors and those wanting to downsize.
Internally the accommodation comprises of its own private entrance with stairs leading up to the first floor landing where you will find a spacious lounge, kitchen, two bedrooms and a modern bathroom.
Externally, there is a residents car park to the side of the property.
Mellor Way is located off Butler Green in South Chadderton, with a great range of amenities close by including shops, supermarkets and schools.
The Metrolink is found within walking distance making Manchester city centre easily accessible. The M60 motorway network is also a short drive away which provides access across the North West.
Please note there is an annual service charge of £324.50. As part of making an offer, we’re required by law to complete Anti-Money Laundering (AML) checks to confirm the identity of all purchasers.
To cover the cost of this process, a fee of £48 inc VAT per buyer is payable when your offer is accepted.
This is a standard requirement for all buyers and helps us ensure your offer can be progressed as quickly and smoothly as possible.
Anti-Money Laundering (AML) Checks - As part of making an offer, we're required by law to complete Anti-Money Laundering (AML) checks to confirm the identity of all purchasers.
To cover the cost of this process, a fee of £48 inc VAT per buyer is payable when your offer is accepted.
This is a standard requirement for all buyers and helps us ensure your offer can be progressed as quickly and smoothly as possible.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Mellor Way, Chadderton, Oldham, Greater Manchester, OL9
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