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22 Manchester Road, Greenfield

North West

£150,000
Listed on 04/01/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
861 sqft

Description

This charming double-fronted back-to-back cottage presents an excellent investment opportunity, situated in the desirable Greenfield area. With scenic walking paths nearby and convenient access to local amenities including pubs, restaurants, and shops, this property is well-placed for both leisurely living and commuting to Oldham and Manchester. The layout comprises a porch leading into a kitchen equipped with essential appliances and ample cupboard space. The spacious lounge/diner features a multifuel stove, perfect for cozy gatherings. Upstairs, you'll find a large main bedroom alongside a versatile second bedroom currently utilized as an office; this room offers access to a boarded loft/attic that includes a window, providing potential for further development with the right permissions. The shower room is functional but could also benefit from modernization. Outside, the manageable front garden is paved, serving as a pleasant area for outdoor seating. With possibilities to extend upwards (subject to planning permission), this property is ripe for renovation work and would greatly benefit from updates throughout to maximize its value and comfort.

Investment Analysis

(OL3 area)

Below Market Value

This property is priced -46.3% below area average per sq ft

-46.3%
Potential saving
This Property
£174/sq ft
Area Average
£324/sq ft
Avg Rent (weekly)
£320
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£307,002
10% above area average per sq ft
Potential ROI
+75.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (OL3)

Area prices are falling by +3.1% over the last 12 months
3 year growth: 5.2%
5 year growth: 25.5%
Investment Disclaimer: Analysis based on OL3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

22 Manchester Road, Greenfield
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£549
Based on a loan of £112,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE