Hammer Price Homes Ltd says ..

Property Oracle says ..

This two-bedroom terraced house in Oldham, Greater Manchester, is listed at £52,000. The property is being sold via online auction for cash buyers only and is described as chain-free. The provided photographs reveal the property is in a poor state of repair. Walls show significant damage, wallpaper is peeling, floors are worn, and the overall condition suggests extensive renovation is needed before the property is habitable. The garden is present but appears significantly overgrown and in need of significant landscaping. The house is within reasonable proximity to schools and train stations. While the price might initially seem low, it’s essential for potential buyers to factor in the substantial costs associated with full renovation and refurbishment, potentially including plumbing, electrical rewiring, plastering, and complete interior modernization. This property is clearly a project for someone with experience in property renovation or a significant budget for professional work. The listing’s emphasis on cash buyers only and online auction format suggests a quick sale is a priority for the seller, possibly contributing to the low asking price. Further due diligence to determine the plot size is recommended along with a full structural survey, before making any purchasing decision. Given the necessary investment, the property would have a higher value once renovated. Its location offers easy access to transport and schools which is beneficial.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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