Oldham Road, Failsworth, Manchester
North West
£175,000
Listed on 19/10/2026
Listed on 19/10/2026
The listing
Property details
Bedrooms
2Type
Not SpecifiedArea
571 sqftDescription
Cousins Estate Agents in Failsworth are marketing this mixed-use property on Oldham Road, comprising a ground-floor shop and a two-bedroom residential flat above with its own separate entrance. The shop was previously used as a barber shop and may suit other business uses, subject to any required consents.
The flat includes a lounge, kitchen and bathroom, and is listed in Council Tax Band A. Modernisation is required across the property, giving a purchaser scope to refurbish the commercial and residential accommodation to their requirements. The property is close to local amenities and transport links in Failsworth.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
30out of 100
Grade ELow opportunity
Confidence: MEDIUM
The separate-access flat above the shop gives this Failsworth property a distinctive mixed-use canvas: the visible frontage looks generally intact, while the shop and flat offer scope to refresh worn floors and finishes and update the dated flat kitchen and bathroom. The lounge ceiling section also needs investigating and making good. The asking price is the main constraint: at £306/sq ft it is above the local £260 average, and adding the £30,000–£55,000 refurb range to the £175,000 purchase price leaves costs stretched against the local benchmark for this floor area. That comparison is with current local average value, not a forecast of the property's value after works.
Key opportunities
- Refresh the shop space and its worn floors and marked finishes for a new business use, subject to any necessary consents.
- Update the flat's dated kitchen and bathroom and renew worn flooring and finishes.
- Make use of the separate access to the two-bedroom flat above the commercial space.
Key risks
- The lounge ceiling has a damaged or open section that needs investigation before making good.
- At the asking price, adding the stated refurbishment range puts the combined purchase and works cost well above the local average-value benchmark for this floor area.
- Worth allowing for £217,500 before you finish, with refurbishment in the region of £42,500 — around 32% above what similar-sized stock commands locally today; post-works value sits outside our data.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£661
Based on a loan of £131,250 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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