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Hall Drive, Alkrington

North West

£550,000
Listed on 15/05/2025

Property Details

Bedrooms
5
Type
Detached

Description

This four to five-bedroom detached residence presents an exceptional opportunity for renovation within the desirable Woodside area of Alkrington. Nestled in a coveted location, this substantial property backs onto the tranquil Alkrington Lake and is in proximity to Alkrington Woods Nature Reserve. The home is conveniently situated near local amenities, esteemed schools, and major transport routes including the M60 motorway, making it both peaceful and accessible. Properties in this area typically command prices well above £1 million, highlighting the potential for significant value addition through refurbishment and expansion. The ground floor features an entrance porch leading into a hallway, a sitting room, a lounge-dining area, a kitchen-morning room, a fifth bedroom, a cloakroom, and a rear vestibule. Upstairs, there are four additional bedrooms and a family bathroom. The sizeable garden offers privacy and picturesque views over the lake; moreover, there’s potential to develop further at the rear with space for a garage or outbuilding, pending planning approval. With its charming architecture and generous internal layout, there’s ample scope for modernisation. Potential enhancement options include reconfiguring existing spaces or extending outward and upward by converting the boarded loft into extra bedrooms or bathrooms using dormer extensions if permitted. This property stands as a rare find in an attractive locale—an ideal canvas for those looking to create their dream home.

Investment Analysis

(M24 area)
Area Average
£253/sq ft
Avg Rent (weekly)
£231
Avg Yield
4.5%

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
43
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (M24)

Area prices are rising by +3.7% over the last 12 months
3 year growth: +10.7%
5 year growth: +28.0%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,948
Based on a loan of £412,500 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.

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