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Albion Road, Newtown, Newmill - Image 1
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Albion Road, Newtown, Newmill

North West

£180,000
Listed on 04/08/2025

Property Details

Bedrooms
N/A
Type
Plot

Description

This property presents a significant investment opportunity with approved planning for the construction of three contemporary townhouses. The site is set in a well-established residential area, known for its demand for modern housing solutions. With full planning permission secured, the project involves the demolition of a section of the existing boundary wall along Albion Road to facilitate direct access to each new townhouse while ensuring privacy for residents. The proposed development includes architect-designed units that feature three bedrooms spread across three levels, promoting spacious living environments with multiple bathrooms and private garden areas—ideal for families or as high-quality rental properties. Each unit boasts an approximate gross internal area of 114 m² (1,227 ft²), cumulating in a total area of around 342 m² (3,681 ft²) for all three homes. This is an ideal opportunity for builders and investors looking to capitalize on the growing residential market in this desirable North West location.

Investment Analysis

(SK22 area)
Area Average
£302/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£600,000 - £900,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (SK22)

Area prices are rising by +6.1% over the last 12 months
3 year growth: +15.8%
5 year growth: +33.9%
Investment Disclaimer: Analysis based on SK22 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

Albion Road, Newtown, Newmill
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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
£638
Based on a loan of £135,000 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.

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