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Meech Street, Openshaw

North West

£175,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
903 sqft

Description

This three-bedroom terrace home is situated in the vibrant community of Openshaw, known for its strong transport links and convenient access to local schools and amenities. The property offers an inviting opportunity for renovation, making it an appealing choice for families, first-time buyers, or investors looking to capitalize on the potential for added value. Upon entering, you will find a welcoming hallway that leads into a bright reception room and a separate dining area. The fitted kitchen provides direct access to the rear yard, promoting seamless indoor-outdoor living. This layout offers multiple possibilities for reconfiguration or modernization to suit contemporary tastes. The upper level features two spacious double bedrooms alongside a compact third bedroom that could be transformed into a home office or playroom. A family bathroom completes this floor, presenting additional options for upgrades or redesign. Outside, the rear yard serves as a practical outdoor space that requires minimal upkeep. With its blank canvas appeal and room for enhancement throughout, this property stands out as a prime investment opportunity in an area poised for continued growth. Whether you’re looking to make personalized renovations or seeking a strategic investment, this home’s location and features offer promising potential.

Investment Analysis

(M11 area)

Below Market Value

This property is priced -13.6% below area average per sq ft

-13.6%
Potential saving
This Property
£194/sq ft
Area Average
£224/sq ft
Avg Rent (weekly)
£268
Avg Yield
6.5%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£222,698
10% above area average per sq ft
Potential ROI
+14.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (M11)

Area prices are falling by +4.6% over the last 12 months
3 year growth: 0.6%
5 year growth: 9.6%
Investment Disclaimer: Analysis based on M11 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

Meech Street, Openshaw
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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
£641
Based on a loan of £131,250 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