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Hall Drive, Alkrington

North West

£550,000
Listed on 16/05/2025

Property Details

Bedrooms
5
Type
Detached house

Description

This detached residence, boasting four to five bedrooms, presents an exciting opportunity for renovation and investment in the desirable Woodside area of Alkrington. Nestled on a tranquil plot backing onto Alkrington Lake and near the scenic Alkrington Woods Nature Reserve, this property offers both a peaceful atmosphere and commendable connectivity to local amenities and transport routes, including the M60 motorway. Current market trends demonstrate that similar properties in this sought-after region often exceed £1 million, indicating significant potential for value enhancement through strategic renovations and extensions. The ground floor features an entrance porch leading into a spacious hallway, with multiple living areas including a sitting room and a lounge-diner complementing the kitchen-morning room arrangement. A fifth bedroom and utility space are also present, making the layout conducive to family living or rental opportunities. The first floor contains four additional bedrooms along with a family bathroom. The expansive gardens at both the front and rear enhance this property's appeal with potential for development, subject to planning permissions. The sizeable garden not only ensures privacy but also boasts picturesque views over the lake, while the land at its end could accommodate further structures such as a garage. With generous room sizes and characterful details throughout, there is ample scope for modernisation—whether through reconfiguring existing spaces or tapping into unused areas like the fully boarded loft that could be developed into extra living quarters. Considerations for dormer extensions add further possibilities for maximizing space while maintaining the current footprint of this substantial home.

Investment Analysis

(M24 area)
Area Average
£243/sq ft
Avg Rent (weekly)
£257
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (M24)

Area prices are rising by +3.8% over the last 12 months
3 year growth: 8.5%
5 year growth: 30.2%
Investment Disclaimer: Analysis based on M24 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

Hall Drive, Alkrington
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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
£2,015
Based on a loan of £412,500 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