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294 Manchester Road, Rochdale, OL11 4LX - Image 1
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294 Manchester Road, Rochdale, OL11 4LX

North West

£40,000
Listed on 23/04/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This leasehold terrace house offers a blank canvas for renovation enthusiasts. Located conveniently on Manchester Road, it is within walking distance to Rochdale Town Centre, with easy access to public transport via Rochdale Train Station. The property features two floors of accommodation that includes two bedrooms and a bathroom on the first floor, while the ground floor hosts an entrance porch, living room, and kitchen area. A rear yard provides potential for outdoor space enhancement. With a long lease remaining of approximately 872 years and a very low ground rent of £2 per annum, this property presents an excellent investment opportunity for those looking to modernise and increase its value. Given its current condition, modernisation is required throughout to bring it up to contemporary living standards.

Investment Analysis

(OL11 area)
Area Average
£232/sq ft
Avg Rent (weekly)
£215
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (OL11)

Area prices are falling by -2.5% over the last 12 months
3 year growth: +9.0%
5 year growth: +36.4%
Investment Disclaimer: Analysis based on OL11 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

294 Manchester Road, Rochdale, OL11 4LX
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£142
Based on a loan of £30,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

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