Manchester Road, Heywood, OL10 2EQ
North West
£160,000
Listed on 24/07/2026
Listed on 24/07/2026
The listing
Property details
Bedrooms
3Type
TerracedArea
829 sqftFeatures
- Garden
Description
This three-bedroom terraced house in Heywood is offered with no onward chain and has accommodation arranged over four floors, including a cellar and a loft-level bedroom. The ground floor has a living room, a separate dining room and a fitted kitchen leading to a utility room. The cellar provides additional storage space, with any alternative use subject to the necessary consents.
Two double bedrooms and the family bathroom are on the first floor. The third bedroom occupies the second floor and is described as suitable for a range of uses. Outside, there is a front garden and an enclosed rear garden with a lawn and patio.
The property is leasehold, with a stated lease term of 982 years less 10 days from 30 April 1868 and ground rent of £3 per annum. The EPC rating is D and the council tax band is A. Located on Manchester Road, the house is described as close to local amenities, schools, supermarkets and leisure facilities, with access to the M62 and routes towards Manchester, Rochdale and Bury. Its existing layout and scope for modernisation may suit buyers looking to update the accommodation, subject to inspection and verification of the property details.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
55out of 100
Grade DWeak opportunity
Confidence: MEDIUM
The £160,000 asking price is 18% below the local average per square foot, giving a buyer a relatively inexpensive entry point for a three-bedroom home with accommodation over four floors. There is plenty to reshape and personalise: two reception spaces, a loft bedroom, a separate utility room and a cellar offer useful flexibility, while the gardens provide scope to create more inviting outdoor space.
This is a substantial project rather than a cosmetic update, with dated and marked finishes across several rooms, a tired kitchen and bathroom, and neglected garden and exterior areas. The cellar has extensive staining and damaged finishes, so the source and extent of moisture need investigating. At the £53,000 renovation midpoint, purchase plus works comes to about £213,000, which looks tight against the local benchmark; that comparison is not a renovated-value estimate. The low entry price is appealing, but the overall economics make this a weaker opportunity unless the project can be delivered carefully.
Key opportunities
- Rework the two reception spaces and loft bedroom to make the most of the home’s flexible four-floor layout.
- Modernise the dated kitchen and bathroom and refresh finishes across the photographed living and bedroom spaces.
- Clear and improve the front and rear gardens, including the patio and boundary areas.
Key risks
- Cellar staining and damaged finishes warrant investigation to establish the source and extent of moisture.
- The £38,000–£68,000 works range makes this a substantial multi-area programme, not a cosmetic refresh; budget and timing need room for the cellar and exterior work.
- At the renovation midpoint, purchase plus works looks tight against local benchmarks, before fees and other purchase costs.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£604
Based on a loan of £120,000 over 30 years at 4.45% 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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