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See how verdicts work3-bedroom terraced house · OL8 2HP
SoldListed 311 daysAuction 21 Jan · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
TO BE SOLD BY ONLINE AUCTION ON 21ST JANUARY 2026 UNLESS SOLD PRIOR UNDER AUCTION TERMS.
87 Cherry Avenue, Oldham, OL8 2HP Not inspected by Edward Mellor but reported to comprise; entrance vestibule, spacious lounge/diner featuring French doors out to the rear, brand new fitted kitchen with electric oven, electric hob and extractor hood.
To the first floor you will find three generous bedrooms along with the family bathroom. Externally there are lawn gardens to both the front and rear along with on-street parking.
Let on AST at £950pcm. Please respect the tenant’s privacy.
Here are some similar properties which have sold close by that highlight the potential: 281 Abbey Hills Road, OL4 1RF SOLD 26/03/2025 £150,150 Terraced 3 0.32 mi 23 Warren Lane, OL8 2JE SOLD 22/11/2024 £145,000 Terraced 3 bed 0.44 mi 105 Alt Lane, 0L8 2EX SOLD 05/02/2024 Terraced 3 bed 0.18 mi An excellent investment opportunity in a sought-after area with strong rental demand.
Conveniently located near schools and 10 minute drive away from a variety of amenities, including shops, restaurants, and recreational areas, this property is highly appealing to potential tenants seeking a vibrant, accessible community.
The popular Alexandra Park is a 20 minute walk away which is ideal for families and there are also several schools nearby. Rental values in the area are approximately £ 900-£950 per month.
Don't miss out on this chance to secure a lucrative addition to your property portfolio. EPC on order.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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
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FAQ
About Cherry Avenue, Oldham
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