Investment Property in Oldham

Invest in Real Estate in Oldham

Investment Property in Oldham
Investment Property in Oldham

Oldham property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Oldham .

Search Map of Oldham Investment Real Estate

Oldham is a large town in Greater Manchester, England, amid the Pennines and between the rivers Irk and Medlock, 5.3 miles (8.5 km) southeast of Rochdale and 6.9 miles (11.1 km) northeast of Manchester. It is the administrative centre of the Metropolitan Borough of Oldham, which had a population of 237,110 in 2019.

Within the boundaries of the historic county of Lancashire, and with little early history to speak of, Oldham rose to prominence in the 19th century as an international centre of textile manufacture. It was a boomtown of the Industrial Revolution, and among the first ever industrialised towns, rapidly becoming “one of the most important centres of cotton and textile industries in England.” At its zenith, it was the most productive cotton spinning mill town in the world, producing more cotton than France and Germany combined. Oldham’s textile industry fell into decline in the mid-20th century; the town’s last mill closed in 1998.

The demise of textile processing in Oldham depressed and heavily affected the local economy. Today Oldham is predominantly a commuter town, and the improvement of the town centre is the focus of a project for transforming Oldham into a centre for further education and the performing arts. It is, however, still distinguished architecturally by the surviving cotton mills and other buildings associated with that industry.

In the 2011 United Kingdom census Oldham Built-up area subdivision, as defined by the Office for National Statistics, had a population of 96,555 and an area of 1,687 hectares (6.51 sq mi), giving a population density of 57.2 inhabitants per hectare (14,800/sq mi), while the Borough of Oldham had a population of 224,897, an area of area of 14,236 hectares (54.97 sq mi), and a population density of 15.8 inhabitants per hectare (4,100/sq mi).

The financial stability of Oldham has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

 

Buy to Rent in Oldham

 

Renting out your Oldham buy-to-rent investment property can grow wealth and income.

 

Whatever your goals with investment property in Oldham are – preparation is key.

 

  • Set goals based on how much rental yield will be required and the local rental yield rates in Oldham and be prepared to change your initial outlook.
  • Thoroughly research the Oldham location with a special emphasis on fringe areas outside the main Oldham metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Oldham.
  • Ensure that your target investment property in Oldham appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent with local knowledge and experience of property legislation will give you the best chance of success.

 

With our expert guidance, investing in Oldham provides the secure knowledge that your money is working harder than it would in a local Oldham bank and that future generations of your family will be left with substantial capital growth assets.

 

We are always happy to advise on buying investment property in Oldham, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Oldham property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Oldham

Flipping property in Oldham

 

Flipping property is when we advise clients to buy a Oldham property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Oldham market has a time to react to the renovation.

 

The Flipping Strategy in Oldham

 

Investment property flipping in Oldham is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Oldham real estate investments are sometimes referred to by professionals as ‘distressed’ Oldham real estate.

 

What is distressed Oldham property:

 

  • Oldham property in need of renovation
  • Oldham real estate with a change of purpose and use
  • Oversold Oldham property
  • Bank repossessions in Oldham

Put simply, long term investors in Oldham purchase the property, renovate it and make it a lot more attractive to potential buyers.

 

Calculate profit that you make from Oldham investment property flipping:

 

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Oldham property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

 

Experienced property developers in Oldham use a minimum profit value of 22% when looking at potential Oldham projects.

 

The reason for this is because there are lots that can go wrong in Oldham property flipping and working on a potential margin of 22% should still leave a good margin of error.

 

Invest through a Fund in Oldham

 

Property Secured Investments is a Private Equity fund that invests in Oldham and many other towns and cities across Europe. The fund is only available to Sophisticated Investors and closed to United States Citizens. While this is not an offer or promotion of the fund, more information can be found at the website

Luxury Property in Oldham

For luxury property investors hoping to add a superb property in Oldham to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

 

A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Oldham, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Oldham should be entrusted to only the highest-quality agency.

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